Slow: No-Construction Zone
Center for the Study of Economics - Company Message
RSS Follow Become a Fan

Delivered by FeedBurner


Recent Posts

Land Value Taxation in Jamaica: Now More Than Ever
Part 1, Land Value Taxation: Politics, Persuasion, and Practicality - A How-To
2016: Another Year of Advances and Retrenchment
Part 2 - Land Value Taxation: Politics, Persuasion, and Practicality - A How-To
Podcast Features Millbourne, PA, LVT aids town in fiscal rebirth

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
Land Value Tax in Britain: Progress While the Rear Guard Digs In
Dr. Herbert Barry's Proposal to Really Reassess Allegheny County

Categories

Act 47
Africa
Agricultural Policy
Allegheny County
ALTER
Altoona
Australia
Australian Capital Territory
Baltimore
Berkshire
Canberra
Clairton
Connecticut
Connecticut General Assembly
Current News Item
de Blasio
Economic Development
Economic Policy
Economic Rent
Economist
Ed Vargas
Education
EPA
Federal Tax Policy
Fiscal Policy and Taxes
Frederick
Free Markets
Gentrification
George Osborne
Global Taxation
Harrisburg
Hartford
Healthy Communities
Housing
Housing Policy
Hurricane Sandy
India
Ireland
Jamaica
Jeffrey Berger
Jimmy Tayoun
Justin Skariah
Kenyatta Johnson
Lancaster
Land Policy
Land Value Tax
Lanesborough
Larry Deutsch
Law and the Constitution
Legislation
Len Fasano
Liberal Democrats
Local Government
Maria Quinones-Sanchez
Martin Looney
Maryland
Massachusetts
Matt Ritter
Matthew Ritter
Mayor Rick Gray
Michael Kinsley
Michigan
Millbourne
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 Health
Public Opinion
Public Resources
Public Works
Regional Tax Base Sharing
Regionalism
Regressive
Rhode Island
Rochester
Roland Lemar
Sales Taxes
Scranton
Senator Jan Malik
Sin Taxes
Smart Growth
Soda Tax
Taiwan
Tax Exemption and Abatment
Thomas Piketty
Titusville
Tom Kramer
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

Slow: No-Construction Zone

Failure is not an option: Connecticut Building Permits Slide

There is no state as well situated for growth and prosperity than Connecticut.  Just beyond reach of New York's staggeringly high taxes and  overlooking the placid Long Island Sound, crossed by rail and Interstate connections, and with one large airport, Connecticut has parlayed these advantages into a couple of centuries of growth, jobs and wealth.

Yet, slippage in the US economy as a whole coupled with a growing rich/poor divide (New Haven at 25.2% of persons in poverty versus adjoining Hamden at 7.8%.) are all part of a larger hard truth: construction and building permit issuance has come to a halt, as this article from the New Haven Register makes clear.

As Smart Growth polices take hold to preserve Connecticut's exurban areas, construction activity ought to be centered where it has traditionally been: in the large urban centers.  Yet, it's still not happening.  

Clearly, the act  of building ought to be incentivized, but at lower cost to hard-pressed governments and taxpayers shy about awarding abatements.  What to do?  As the Home Builders Association of Connecticut has said:

"We support this bill because land value taxation has been used successfully to reinvigorate and encourage economic development in other jurisdictions. We believe the authority should be extended statewide."


The HBA has been joined other prominent public policy advocates in this effort in the past. We think  perhaps 2012 is the year that barriers to profitable and affordable housing are finally tackled through tax reform via land value taxation, much like SB130 as sponsored by Senator Martin Looney and the Connecticut General Assembly.



1 Comment to Slow: No-Construction Zone :

Comments RSS
Pre engineered metal building erectors canada on Wednesday, January 02, 2013 9:44 AM
A fantastic blog with a lot of useful information. I would love to get updates from you. Keep blogging. All the best.
Reply to comment

Add a Comment

Your Name:
Email Address: (Required)
Website:
Comment:
Make your text bigger, bold, italic and more with HTML tags. We'll show you how.
Post Comment