Efficiency and Spatial Impacts of Development Taxes: The Critical Role of Alternative Revenue-Recycling Schemes

摘要

Because of its potential to preserve open space and promote revitalization of the urban core in declining cities, “smart growth” strategies to curb urban sprawl have become a major U.S. public policy issue. Policymakers can choose from a wide array of antisprawl policies, including urban growth boundaries (UGB), development taxes, subsidies to infill development, and direct purchases of open space at the urban fringe.