Center for Study of Economics - In the NEWS - Philadelphia, PA
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April 2015 Bridgeport,  CT: HB7060 LAND VALUE TAXATION PILOT PROGRAM The bill extends  municipalities time to comply with one of the procedural requirements for participating in the Land Value TaxationPilot Program, under which they can tax land at a higher rate than buildings instead of taxing both at the same rate. CT Municipalities must apply to the OPM. Interested municipalities must prepare plans for assessing the tax and submit them to their legislative bodies for approval. They must also submit the approved plans to the Commerce; Planning and Development; and Finance, Revenue and Bonding committees. This bill would extend, from December 31, 2014 to December 31, 2015, the deadline for submitting the plans to these committees.




"To its advocates, land value tax has almost magical powers. Has its moment finally come?"

August 2013:Troy City Council District 6 Candidate, Emily Rossier, proposes a Citizens Working Group on Vacant Buildings and Land Value Taxation as a means of securing for those residing in Troy, NY the final policy that will provide the city with the competitive edge President Obama noted in 2009 as necessary for recovery.
 
"As we emerge from this economic crisis, our great challenge will be to ensure that we do not simply drift in to the future, accepting less for our children and less for America. Instead, we must choose to do what past generations have done: shape a brighter future through hard work and innovation. That’s how we’ll not only recover, but rebuild stronger than before: strong enough to compete in the global economy; strong enough to avoid the cycles of boom and bust that have wreaked so much havoc; strong enough to create and support the jobs of the future in the industries of the future."
excerpt from President Obama's speech in Troy, NY Sept. 2009   
 
July 23, 2013: On The Commons/Commons MagazineConnecticut Passes Commons-based Approach to Taxing Urban Land Turns traditional property taxes upside down by valuing community contributions to land values- See more at: http://onthecommons.org/magazine/connecticut-passes-commons-based-approach-taxing-urban-land#sthash.ocEdYFUR.dpuf
 
June 29, 2013: The Economist print edition: "Taxing land and property is one of the most efficient and least distorting ways for governments to raise money. A pure land tax, one without regard to how land is used or what is built on it, is the best sort." 

June 17, 2013:Governor Dannel P. Malloy has signed HB-6706, passed by the Connecticut Legislature into law, on June 17, 2013.
 
May 2013: THE ASSOCIATION OF THE BAR OF THE CITY OF NEW YORK - Policy Recommendations for the Next Mayor ... “The City taxes land and improvements to the property using the same rates and method. This may be counterproductive, as taxing improvements to a property may discourage investment in that property; for example, landlords may permit residential buildings to deteriorate rather than maintain and improve the buildings, thus contributing to the deterioration of neighborhoods and negatively affecting the quality of life for the families and neighborhoods involved. Other municipalities have contemplated and/or experimented with the “two-rate” or “split-rate” property tax reform. (pg 66)