This is robbing Peter to pay Paul. Government always penalizes productivity and rewards nonproductivity. This system results in crap for everyone. Destine to destroy the downtown area, as if it needs any help.
This program works by lowering property taxes to owners who commit to affordable housing goals. That shifts their property taxes to other owners, thereby making other housing more costly. I will work on a column on that.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
This is robbing Peter to pay Paul. Government always penalizes productivity and rewards nonproductivity. This system results in crap for everyone. Destine to destroy the downtown area, as if it needs any help.
This program works by lowering property taxes to owners who commit to affordable housing goals. That shifts their property taxes to other owners, thereby making other housing more costly. I will work on a column on that.
Consider splitting a lunch tab – if one diner shorts his/her share, the rest of the diners have to make up the difference.
Basically it’s how the tax ‘pie’ is split. If one property pays less tax, the rest of the ‘pie’ has to make up the difference.