Local cities and states see rising property values as a way to cut budget gaps by increasing developer fees.
"With many states nearing the end of their rope over budget shortfalls,they're increasingly eyeing real estate as a huge potential source ofrevenue... So now, more states are trying to slip in tax increases on bothcommercialand residential real-estate transactions. And more local jurisdictions,contending with their own state cutbacks, are increasing property taxesand slapping on things like real-estate development-related fees." [Editor's note: The full text of this article is only available to Wall Street Journal subscribers.]
Thanks to PreservingtheAmericanDream Listserv
FULL STORY: Real-Estate Taxes, Fees Are on the Rise
Study: Maui’s Plan to Convert Vacation Rentals to Long-Term Housing Could Cause Nearly $1 Billion Economic Loss
The plan would reduce visitor accommodation by 25,% resulting in 1,900 jobs lost.
North Texas Transit Leaders Tout Benefits of TOD for Growing Region
At a summit focused on transit-oriented development, policymakers discussed how North Texas’ expanded light rail system can serve as a tool for economic growth.
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Many public transit agencies face financial stress due to rising costs, declining fare revenue, and declining subsidies. Transit advocates must provide a strong business case for increasing public transit funding.
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