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The Economic Implications of House Price Capitalization
A Survey of an Emerging LiteratureDocumentos de trabajoJulio 2011Christian A. L. HilberHouse price capitalization has long been thought to be a means of testing for efficiency in the local public sector. The extent of house price capitalization itself may have important economic...
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The Long Road to State Fiscal Recovery
Revista Land LinesOctubre 2011Donald BoydThe recent recession has been recognized as the worst in memory, and its effects are still being felt. Less well understood is the fact that this recession has been far worse for state governments...
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Report from the President
Land Value Capture—Practice and ProspectsRevista Land LinesJulio 2011Gregory K. IngramLand value capture is now a popular topic among practitioners of local public finance—in part because the recession-related decline in local government revenues has piqued interest in new revenue...
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Sea-Level Rise and Coastal Zone Management
PonenciasMayo 2011Robert J. NichollsIn this paper, Robert J. Nicholls assesses the situation in other parts of the world, arguing that many cities, such as London, New York, Tokyo, Shanghai, and Mumbai, are threatened by sea-level rise...
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Scaling Up Conservation for Large Landscapes
Revista Land LinesJulio 2011Jamie WilliamsWith many funders and public partners seeking to focus on collaborative, landscape-scale conservation efforts, the land trust community has an excellent opportunity to leverage its good work by...
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Revenue Diversification and the Financing of Large American Central Cities
Documentos de trabajoAgosto 2011The housing crisis and the Great Recession have placed tremendous fiscal pressure on the nation’s central cities. Cuts in state government fiscal assistance to their local governments, plus...
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The Municipal Fiscal Crisis and Payments in Lieu of Taxes by Nonprofits
Revista Land LinesAbril 2011PILOTs are voluntary payments made by tax-exempt nonprofits as a substitute for property taxes, but their revenue potential varies across municipalities because of large differences in the impact of...
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Climate Change
The Ultimate Tragedy of the Commons?PonenciasNoviembre 2011Jouni PaavolaIn this paper, Jouni Paavola investigates the potential of institutional diversity and polycentric governance to deal effectively with climate change. Starting with the recognition that top-down...
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TIF at a Turning Point
Defining Debt DownDocumentos de trabajoMayo 2011Tax increment financing (TIF) is the most important fiscal instrument for local development initiatives in this country. However, in many cases its growth has been accompanied by “moral hazard...
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Cities and Infrastructure
A Rough Road AheadRevista Land LinesJulio 2011Gregory K. Ingram and Anthony FlintAs both the national economy and local government revenues recover, a key priority will be to balance expenditures between current services and longer-term investments in infrastructure.
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