Incentive Taxation
Center for the Study of Economics - Company Message
RSS Follow Become a Fan

Recent Posts

Land value tax back on front burner: Lancaster Pennsylvania
Frederick Maryland: Finding a Cure for Blight
A national solution for local government finances?
Quick movement on LVT Extension Legislation in Connecticut
UrbanTools in action and on the road

Most Popular Posts

Noted UK Think Tank: Tax Land Values
Eliminating the property tax? It must not happen, but we’ll see what happens.
Altoona, PA: City tax wholly on land values = normality
Dr. Herbert Barry's Proposal to Really Reassess Allegheny County
Namibia's land value tax: a powerful voice speaks out and says "more."

Categories

Act 47
Africa
Agricultural Policy
Allegheny County
ALTER
Altoona
Australia
Australian Capital Territory
Baltimore
Berkshire
Canberra
Clairton
Connecticut
Current News Item
de Blasio
Economic Development
Economic Policy
Economic Rent
Economist
Education
Federal Tax Policy
Fiscal Policy and Taxes
Frederick
Gentrification
George Osborne
Global Taxation
Harrisburg
Hartford
Healthy Communities
Housing
Housing Policy
Hurricane Sandy
India
Ireland
Jimmy Tayoun
Kenyatta Johnson
Lancaster
Land Policy
Land Value Tax
Lanesborough
Larry Deutsch
Law and the Constitution
Legislation
Liberal Democrats
Maria Quinones-Sanchez
Martin Looney
Maryland
Massachusetts
Mayor Rick Gray
Michael Kinsley
Michigan
Model Legislation
Monroe County
Montreal
Moonachie
Namibia
National Tax Policy
New Jersey
New London
New York City
NY
Oregon
Parking and Transportation
Patricia Dillon
Pennsylvania
Philadelphia
Pittsburgh
Portland
Property Assessment
Property Tax Reform
Public Opinion
Public Resources
Public Works
Regional Tax Base Sharing
Regionalism
Rhode Island
Rochester
Sales Taxes
Scranton
Senator Jan Malik
Smart Growth
Taiwan
Tax Exemption and Abatment
Thomas Piketty
Titusville
Transportation Funding
Transportation Policy
Uncategorized
United Kingdom
Urban Blight
Urban Rejuvenation
Urban Tax Policy
Vince Cable
Wage and Income Taxes
Wales
Wealth
Wilson Goode Jr.
powered by

Incentive Taxation

Land value tax back on front burner: Lancaster Pennsylvania

Revisiting the land value tax in Lancaster


For some years, the visionary Mayor ofLancasterPennsylvaniaRick Gray has worked tirelessly with his team to return one of the oldest and most distinguished of American cities to its rightful place as a muscular economic and cultural hub of Lancaster County and Amish country.

Mayor Rick Gray: I've got an Idea.

Mayor Gray has also been a firm advocate of land value tax, yet peculiar valuations imposed on the city by Lancaster County have been a political barrier.

Frederick Maryland: Finding a Cure for Blight

















Downtown Frederick Maryland: No More Lights Out?





Frederick Magazinehas been around 30 years, covering that beautiful old city in Maryland and the surrounding countryside. Visitors and residents alike enjoy the travel tips, restaurant coverage, and its beautiful visual explorations to visit, live, and work.

The magazine also covers the not so pleasant realities that any city of any size must deal with. People may be surprised that such a lovely city near the center of national wealth in Washington DC also suffers from commercial and residential blight.

A national solution for local government finances?


Doctor Herbert Barry, professor emeritus at the University of Pittsburgh, is always looking for a better way. Joining thinkers like Joseph Stiglitz and James Galbraith, here is a recent submission by Doctor Barry into the marketplace of ideas, from the Pittsburgh post-Gazette:














Pittsburgh Post-Gazette
Friday, March 27, 2015

 Unimproved land tax
 
     A   March 19 article described a proposal by Gov. Tom Wolf to increase revenues for the Pennsylvania government to support early education (“Wolf: Billions in Revenue From Proposed Sales Tax”).

Quick movement on LVT Extension Legislation in Connecticut



On February 4, 2015 , just a few days into the Connecticut legislature's 2015 session, the Land Value Tax expansion bill was accepted for action and testimony by a unanimous bipartisan vote of the joint Planning and Development Committee voted in favor this time. This is particularly quick considering past practice.

UrbanTools in action and on the road

With the 2015 Legislative Session open, Connecticut faces a structural fiscal deficit of nearly $175 million, under-performing tax receipts, crumbling infrastructure, and declining aid to municipalities.

The remedy is just as Henry George prescribed. CSE has been on the ground working to supply the research and analysis to motivate Legislative action.

Outcomes: 

Butt Out: Philadelphia’s cigarette tax will fail and make the city more fragile.

Philadelphia, Pennsylvania even after decades of heavy lifting by the taxpayers is still lurching from crisis to crisis, with the root cause based in fiscal uncertainty.  Philadelphia and its nearly insolvent school district still has not discovered a true “fit for purpose” revenue source that will provided - at the very least - revenue stability.  Poor, working and middle-class people pay a larger share of their incomes on tax than in nearly any other American city.  Turning to those who can least afford to pay ought to be the last choice, but ironically in Philadelphia it’s nearly always the first choice.

Land Value Tax featured in the Financial Times

Altoona's Future Includes a land value based policy.


The September 24, 2014 edition of the Financial Times features an article on a subject not often covered by the mainstream media: land value taxation.  Interest in LVT has been highlighted in the past several years in the UK by such respected columnists as Martin Wolf.

Now the US edition of the FT has weighed in with an article entitled"Land of Opportunity" by Robin Harding, a well-respected economics writer and editor.

The article concentrates on one of the cities that implements a version of land value taxation:

More evidence confirms the error of stopping land value tax in Pittsburgh

Q. What happens when a city taxes buildings more at the beginning of the greatest building boom in American history?
A. Not much.


One of the best examples of the efficacy of land value tax (LVT) was careful study of the city of Pittsburgh culminating in theOates/Schwab study of Pittsburgh published in 1997which concluded all things being equal land value tax policy had the effect of unleashing construction demand – especially downtown construction –just as the steel industry collapsed, and just as the US entered a significant recessionary period (late 1970s and early 1980s)

Urban Taxation: Deadweight Loss for the Weakest

Wage and Sales Taxes: a Curse on Low Income Citizens and Their Communities

"The middling and superior ranks of people, if they understood their own interest, ought always to oppose all taxes upon the necessaries of life, as well as all direct taxes upon the wages of labour." Adam Smith An Inquiry into the Nature and Causes of the Wealth of Nations, Volume 2, p.289

As many public policy makers know, we've always considered government taxes in a descending order from destructive, to not so good, better and then best.

Property tax caps for user fees; what could be better? Almost anything

Tax Caps and User Fees: Caution Needed

Six Houses all in a row, assessed at the same value of $100,000 at a tax rate of 1%. Taxes still rise, while local government seeks alternative funds in flat fees for services, such as trash pick up.










Regressivity is a more common outcome of user charges than is commonly acknowledged. That ought to change. City services based on value (i.e. a user charge on publicly created land values) can be made more progressive than resorting to invisible charges or flat fees.

Land Value Taxation in Connecticut: UrbanTools' televised interview

Connecticut's Financially Stressed Cities: let's talk about LVT

We believe that a useful way to embrace of further understanding of land value taxation Is to have a conversation. On June 17, 2014, the director of the Center for the Study of Economics Joshua Vincent sat down withRonna Stuller, A long time member of the new London Connecticut Board of Education and activist within the Green Party, Ronna Stands for healthy communities,a fair economy, and more opportunities for citizens In all sectors of society.

The property tax needs respect but repair

The implosion of revenues for local and state governments over the past seven years, and a stalled, weak recovery leaves public discussion on funding the public/civic sector in the tired old debate between tax-and-spend and cut and slash. In weak regional economies and in times of recession, the first tax revenue to slide are income taxes, then sales taxes, then business taxes, and lastly property taxes. Property taxes are built upon a far more stable base than other forms of tax, and they are now understood to be generally progressive in impact.

To Piketty or not to Piketty? Michael Kinsley and the Echoes of Henry George
















Kinsley, Piketty and Henry

Michael Kinsleyhas had a long and distinguished career writing about politics and sometimes economics from the left-center perspective. UrbanTools has noticed that for decades he often prefaces an essay or column with " my favorite economist, the 19th-century AmericanHenry George, and his best-selling book, Progress and Poverty (1879)." Well, we like Henry George too, so it's always nice to see how Kinsley uses Henry George situationally.

Cui Bono? This time in Australia.







The Australian Capital Territory is rapidly becoming the state government most willing to experiment with forms of taxation that serve the interests of both the public, fair play, and economic logic. Generally, it is trying to move away from taxes that burden workers and business and crater the economy to a more classical approach of its self funding cycle of revenue.

Case in point:the ACT has committed to avery ambitious light rail program, expected to boost the regional economy dramatically in the coming decades.

Transportation Leaders want more transit, wonder how to pay for it.















Expending Wealth to Create Wealth: But for Who?

The National Research Council (US) is the parent of the Transportation Research Board, a consortium of state transportation departments, academia and the private sector in the US Department of Transportation www.TRB.org. 

"Using the Economic Value Created by Transportation to Fund Transportation"released this year is the synthesis and analysis of various methods of returning the value created by public investment in transportation to the project, its maintenance or at least reducing the tax load on ratepayers.