Bowman talks about how when localities don’t get to keep their property tax revenue, they lose their incentive to allow new development. But San Francisco, one of the most NIMBY jurisdictions, keeps 99% of its property tax revenue. So I wonder if that might be overrated as a potential solution.
Overall really interesting episode that changed my views on how we can encourage more abundance!
Bowman talks about how when localities don’t get to keep their property tax revenue, they lose their incentive to allow new development. But San Francisco, one of the most NIMBY jurisdictions, keeps 99% of its property tax revenue. So I wonder if that might be overrated as a potential solution.
Overall really interesting episode that changed my views on how we can encourage more abundance!