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Combined with the cash-strapped bean-counting tendencies of local governments this sounds like a recipe for suburbanizing services into cheaper land, at great c
by bobthepanda 3y ago
Combined with the cash-strapped bean-counting tendencies of local governments this sounds like a recipe for suburbanizing services into cheaper land, at great cost to municipal inhabitants.
As a general example, there are one million public schoolchildren in New York City, many who attend schools in some of the hottest real estate in the country. Requiring cities to put that on their balance sheet would mean that governments are highly incentivized to make children commute an hour into cheaper suburbs to get schooling.
- AnthonyMouse 3y ago> Requiring cities to put that on their balance sheet would mean that governments are highly incentivized to make children commute an hour into cheaper suburbs to get schooling. Or move the school into a floor of a multi-story building which would significantly reduce its proportion of land value tax and in so doing consume less of that hot real estate and contribute less to housing scarcity.