3 ms·
That's not true for Texas. In Texas, the entire costs of suburbs are paid for in property taxes and utility district fees and bonds. Texas is one of the few sta
by Always_Anon 3y ago
That's not true for Texas. In Texas, the entire costs of suburbs are paid for in property taxes and utility district fees and bonds. Texas is one of the few states where the majority of taxes collected by the state are property taxes. Or so I was told by a coworker living in Texas when I brought this up.
- Terr_ 3y ago> In Texas, the entire costs of suburbs are paid for in property taxes and utility district fees and bonds. The question is how long they can keep taking out more and more debt against the promise of never-ending growth and income from one-time development sales. The answer probably isn't "forever". https://www.strongtowns.org/journal/2019/11/21/choose-your-fate-texas https://www.strongtowns.org/journal/2019/11/21/choose-your-f...
- Always_Anon 3y agoThis is a predicament everywhere in the US, the suburbs are not alone in this issue of debt financing for... everything...