The Fiscalization of Land Use: The Increasing Role of Innovative Revenue Raising Instruments to Finance Public Infrastructure

This paper examines the concept and application of the fiscalization of land use, in which revenue sustainability is a priority goal. In many jurisdictions, the decision making processes associated with growth incorporate the concept of fiscalization of land use. In these jurisdictions, new growth must pay its way, both for operating service provision and for the financing of infrastructure. Seventeen different techniques are presented that help to avoid the economic and political constraints imposed by voters. These techniques illustrate the public finance creativity that the fiscalization concept engenders. Nearly all of these techniques employ debt finance instruments that do not need voter approval. There are several unintended consequences that arise from these techniques that can have dramatic effects on city finances, financial management and local economic efficiency. These consequences can make the system arcane, prompt intergovernmental infighting, and lead to a public that is disaffected.

• Record URL:
  http://pwm.sagepub.com/cgi/reprint/12/4/551
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/34383369
• Authors:
  • Chapman, Jeffrey I
• Publication Date: 2008-4

Language

• English

Media Info

• Media Type: Print
• Features: References;
• Pagination: pp 551-567
• Serial:
  • Public Works Management & Policy
  • Volume: 12
  • Issue Number: 4
  • Publisher: Sage Publications, Incorporated
  • ISSN: 1087-724X
  • EISSN: 1552-7549
  • Serial URL: http://pwm.sagepub.com/

Subject/Index Terms

• TRT Terms: Debt; Development; Financing; Infrastructure; Intergovernmental relations; Land use; Land use planning; Policy analysis; Revenues; Urban growth
• Subject Areas: Finance; Highways; Planning and Forecasting; Policy; Public Transportation; I10: Economics and Administration; I72: Traffic and Transport Planning;

Filing Info

• Accession Number: 01103470
• Record Type: Publication
• Files: TRIS
• Created Date: Jun 24 2008 7:50AM