It’s simply a matter of retrieving some of the benefits that transit creates. I have (finally!) put together estimates of land value and transit funding desires, to show how a land value tax for transit might work. It looks as if a typical homeowner, for $290/year, could get all her transit paid for– not just the subsidy, but the fares, too. Other options are cheaper. Details here.
How transit can fund itself
October 9th, 2007 by taxpayer
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