(Read free ebook) Detroit and the Property Tax: Strategies to Improve Equity and Enhance Revenue (Policy Focus Reports)
☆ Gary Sands, Mark Skidmore ☆
| #2143747 in Books | 2015-11-10 | Original language:English | 10.00 x.16 x8.00l, | File Name: 155844341X | 56 pages
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In December 2014, the City of Detroit emerged from bankruptcy with a plan that cut $7 billion from the city’s $18 billion debt load. Although the causes of the bankruptcy were complex, a contributing factor was the ongoing decline in the revenue-generating capacity of the property tax. To the extent that most government entities rely heavily on property tax revenues, the story of Detroit’s bankruptcy is relevant to other cities as well.
Detroit...
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