Flutterby™! : Investment

Investment

2019-06-02 16:13:57.444151+00 by Dan Lyke 2 comments

Sigh. It's only an "investment" if it'll actually pay off. This is a flat out expense, with no connected revenue stream and no way for the city to actually recoup from the value that's created (that's gonna go towards a few land owners, at the expense of a hell of a lot more vehicle miles traveled).

Petaluma invests in crosstown roads, particularly the Ranier and Caulfield connectors

[ related topics: Interactive Drama Current Events Economics Real Estate ]

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#Comment Re: made: 2019-06-02 17:17:32.50648+00 by: TheSHAD0W

Rising property values results in rising property tax revenues. Whether it'll make up for the expense of adding roads is the question.

*sigh* In this day and age where the government is the be-all and end-all, arguing over where taxes should be spent will never end.

#Comment Re: made: 2019-06-03 22:32:00.590566+00 by: Dan Lyke

Yeah, in California with Prop 13 in place it's not clear that rising property values results in rising property tax revenues.

Whether that rise would be enough to cover the additional infrastructure is an additional question, but the answer appears to be no.

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