NYC finally does land value tax right
New York State just authorized a land value tax that could generate billions for transit. Adams and Hochul campaigned on rent holiday populism but they're actually building something serious.
We are so back. Land value capture instead of bleeding renters dry is the move.
New York State just authorized a land value tax that could generate billions of dollars for new transit. For the @NiskanenCenter, @aarmlovi and I wrote about how the renewal of § 119-r in the FY27 budget could unlock a virtuous cycle of infrastructure delivery in NYC.
Source
x.com