We are happy to present a new integrated diary/blog brought
to you by the Center for the Study of Economics, using our street name
“UrbanTools.” That’s where we spend most
of our time: traveling, meeting with communities, doing outreach, performing
research and overall presenting an alternative way of looking at political
economy in the real world.
The best place to start? Most likely CSE’s annual meeting of
the Board of Directors[i]
on November 19, 2015. With attendees in person at our physical HQ at the
friends service Center at 1501 Cherry St.
Bill De Blasio: in the Ascendant
Tomorrow Tuesday, June 10, 2013, the Democratic voters of New York City will choose their candidate for the fall mayoral election. The early betting fell on Christine Quinn who is currently New York City Council President. She had done the traditional sewing up of many unions, social constituencies, Wall Street, Mayor Bloomberg (with whom she engineered a Disposal of voter imposed term limits), and the Real Estate Board.
Also running is Bill Thompson, a respected former Comptroller of the city, John Liu the current Comptroller, and of course the explosive Anthony Weiner.
The Flatiron Building: Revitalized by investment, not abatement.
The city of Rochester New York and the County of Monroe have been facing challenges in keeping both commerce and population over past two decades. Nothing is really stopped capital and human flight. it's great essence,the Kodak Corporation
, has been reduced to demolishing its buildings to save on taxes and ensuring cash flow byselling off its patents
Like most troubled regions, tools for renewal follow fairly standard script: put together a redevelopment authority, receive land from corporations (who get a tax break), and offer
From the Collar City: You are Invited to a discussion on a new way to tax
Can your town use a new approach to in finance, planning and its relationships with citizens?
Property taxes are both the main source of revenue for local governments, and at the same time the most unpopular. Economically, property taxes as they are currently structured, reward blight and disinvestment, while discouraging real estate markets from operating in more urbanized areas. One tool used by dozens of cities in the US in hundreds of cities elsewhere is the land value tax is the land value tax.
All over the USA, property tax appeals are increasing dramatically. Why and what does it mean?
With the real estate bubble having burst and no end in sight,
local and county governments along with school districts are facing a slow steady decline in assessment values not through the normal process of re-evaluation, but by an army of do-it-yourself and private firms that appeal real estate assessments.
As the city of Albany wrings its hands over its problem of housing deterioration, especially in areas of student rentals, the obvious solution is pushed aside.
Economic incentives drive real estate choices in these areas, just as for other urban configurations.
Experience shows that shifting the property tax off improvements onto land values removes the penalties for development and maintenance, and spurs the improvement of underused locations.