One reason that Bay Area cities resort to approving large amounts of [tech] office space is in part because single-family homeowners do not pay property tax levels that keep pace with the cost of providing services. So local govts have to look toward alternate strategies.https://twitter.com/marymcnamara/status/1081107306736013313 …
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Tim, who wrote the piece at the top, has a predictable response of just taxing tech/the rich more, which, in light of last year's tax bill, makes a lot of sense. But it also actually makes our system more structurally dependent on attracting tech & HNW people in the long-run.
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Which is basically the California model. Capped, assessed property tax rates that are inheritable that get priced into ever higher land values. Then the cities & the state need to tie themselves to a small number of extremely HNW people to float services.https://twitter.com/dillonliam/status/1080909738370428928 …
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I am not really sure how to fix this. That said, the plan that Tim is criticizing also expands emergency rent caps, emergency rental assistance, just cause for eviction across the Bay Area, promotes $1.5B in new taxes to fund affordable housing, so


.https://www.mercurynews.com/2018/12/12/employer-taxes-rent-caps-and-more-in-big-bold-bay-area-housing-plan/ …Show this thread -
More on Google's massive expansion plans in San Jose, which will add 50% more workers downtown to the current 43K jobs located around there. https://www.sfchronicle.com/business/article/Google-transformed-Mountain-View-is-San-Jose-13515691.php?utm_source=email …pic.twitter.com/GDD22rrfXA
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Is this another way of saying that sprawl is costly from a public services perspective?
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Partly that and largely Prop 13 keeping residential property taxes so low.
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Jarvis said he created
#Prop13 “to destroy local government and eliminate the bureaucracy.” https://youtube/fP_m7BoYDBY -
Airplane! cameo https://youtu.be/fP_m7BoYDBY
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Do you know if this kind of data is publicly available for other cities in CA. I'd love to do an analysis of El Cerrito, where I live. I've looked at the block I live on and the discrepency in property taxes is crazy.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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And keep in mind that the biggest residential cost is schools, which run at $12,000/kid on a national average. Median HH income is $60,000 and a family of 4 costs $24,000 in schools. It's a hard lift with just local taxes. Even local and state.
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Especially when there are 400,000 illegal aliens living in the Bay Area, who utilize welfare like SNAP, public school after care, FRPL, etc, yet pay no payroll taxes. Nonetheless our politicians who seek higher taxes, promote sanctuary policies and want expand MediCal to them.
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