The Atlantic Cities: The Simple Math That Can Save Cities From Bankruptcy
We tend to think that broke cities have two options: raise taxes, or cut services. Minicozzi, though, is trying to point to the basic but long-buried math of our tax system that cities should be exploiting instead: Per-acre, our downtowns have the potential to generate so much more public wealth than low-density subdivisions or massive malls by the highway. And for all that revenue they bring in, downtowns cost considerably less to maintain in public services and infrastructure.
Transportation advocates are losing hope for passage of a highway bill before the election following Congress’s decision this week to pass another short-term funding extension.
Instead of approving the multi-year transportation bill that passed the Senate, lawmakers adopted a temporary extension of legislation that already funds road and transit projects. The short-term measure, signed Friday by President Obama, extends federal transportation funding until June 30.
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