NYC politics
fromUnHerd
13 hours agoZohran Mamdani is pushing New York towards fiscal disaster
New York City's finances are severely strained, with spending outpacing revenue growth, leading to potential credit downgrades.
Ginsburg stated that treating builder business as a core pillar rather than a side channel reflects a broader industry shift. He believes a healthy balance of builders should be around 15% to 20% of the overall retail book of business.
The tax provides more than $23 billion per year in revenue for federal highway and public transit programs. The federal gas tax has been in place, in one way or another, since 1919 and was last raised in 1993.
John Kaehny has written and successfully lobbied for the passage of state and New York City laws related to government transparency and accountability, including the first open data law in the world in 2012.
Good urbanism should transcend politics. Socialists and capitalists can walk the same neighborhood and agree it's a pleasant place to live. They can each appreciate the tree canopy, the corner café with people spilling onto the sidewalk, the mix of ages on bikes and on foot, the architectural details of older buildings, and so on.
Mamdani stated that the City Council's budget strategy effectively ensures this structural deficit will continue indefinitely, impacting vital city services and failing to solve deep financial problems.
Through Community Facilities Districts (CFD), Municipal Utility Districts (MUD), Public Improvement Districts (PID), Community Development Districts (CDD) and reimbursement districts (RD), builders can potentially shift infrastructure costs off their balance sheets and onto special districts that homebuyers ultimately absorb through property taxes without potentially adding debt to the builder's books.
The legislation focuses on reducing regulatory and procedural barriers to housing development, aiming to accelerate the construction of both market-rate and affordable housing nationwide. The Housing for the 21st Century Act is the House counterpart to the ROAD to Housing Act. The bill seeks to accelerate housing development by encouraging zoning reforms, supporting accessory dwelling units and small multifamily projects, and lowering costs tied to permitting and design. It also includes grants for preapproved building plans intended to shorten approval timelines.