Break the Boom and Bust Cycle

Source: Rick Rybeck and Walt Rybeck, Public Management (PM), Volume 94 Number 7, August 2012
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The widespread reduction in property tax yields created by the real estate bust is grim news for local governments because this tax remains their major revenue source. It is our contention that reforming the property tax can set communities on a path that generates jobs, reduces sprawl, expands affordable housing, and attacks a root cause of boom-and-bust cycles.

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