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Imagine the fact that property taxes pay for a lot of that. Now imagine house values plummeting because you removed the deduction and you've put the funding for

• Jtsummers 10y ago
  That seems like the wrong way to think about things. That funding, then, is predicated on inflated, consequently inaccurate, housing/property values. When the bubble bursts for any reason the funding source will be reduced. Critical services banking on a bubble to sustain themselves is just a terrible (though often done) idea. Eliminating the bubble earlier and getting accurate valuations before becoming dependent on the inflated amount (and suffering from austerity efforts later) would be a much better (and rarely done) plan.