9 ms·
Also it is kinda myopic but immensely beneficial for local homeowners (with fix residential tax) to encourage more commercial zones thus enjoy increasing genera
by egberts1 4y ago
Also it is kinda myopic but immensely beneficial for local homeowners (with fix residential tax) to encourage more commercial zones thus enjoy increasing general revenues in turns into more general local government services.
I should caution that this general assumption of NIMBY plus more commercial zones by local homeowners is deeply flawed notion since it is ultimately Sacramento (capitol of California) that decides HOW the revenue flows from its general fund back into county/local/metro areas.
This Golden State state/local revenue flow is the exception when compared to most rest of the nation where most people naturally assume that county tax will flow back directly into the county general fund.
So it goes right back to Sacramento politicians who ultimately have to decide which county/metro/town gets richer and poorer. This is the result of Prop 13.
https://en.m.wikipedia.org/wiki/Taxation_in_California https://en.m.wikipedia.org/wiki/Taxation_in_California