As recession-reduced property tax levels begin to play out in cities across the U.S., municipalities are beginning to react to the realities of lowered revenues.
Dec 5, 2010 Citiwire
A new report from The National League of Cities shows that declining property and sales income is impacting city coffers, resulting in layoffs and cuts to construction projects.
Sep 1, 2009 The Wall St. Journal
Tax caps, assessment limitations, and other property tax relief programs have caused significant damage to the largest source of revenue for ailing cities, says a new book by the Lincoln Institute of Land Policy.
Aug 5, 2009 Lincoln Institute of Land Policy
Cities across the country are reconsidering tax abatement plans, in the new belief that cities just can't afford them.
May 31, 2009 Next American City
Proposition 13 has long been associated with California's budget woes and "fiscalization of land use" policies. Meant to apply primarily to residential property, commercial property owners have benefited more. 'Split role' could correct the problem.
Apr 29, 2009 Sacramento Bee
As commercial vacancies increase, cities are feeling the pain of lower tax revenues.
Mar 11, 2009 BusinessWeek
<p>Long considered the source of California's fiscal and land use woes, Proposition 13, passed by voters in 1978, limits increases in property tax. However, it may prove to be an 'economic stabilizer' during the current housing slump.</p>
Jul 10, 2008 The Los Angeles Times