A legitimate argument is that the public sector must restore its contribution to the financing of the new infrastructure. However, for both political and economic reasons, an increase in broad-based taxes or debt seems to be off the table; new funding vehicles are clearly necessary. This essay identifies value capture taxation as a partial solution to this infrastructure funding problem. Value capture is a set of techniques that take advantage of the increase in property values to finance service and infrastructure improvements.
AleknaviciusA. (2011). Problems of real property taxation in Lituania. Baltic Strength11. Lithuanian University of Agriculture, 14.
2.
AleksieneA.BagdonaviciusA. (2008). Value-based property taxes in Lituania. In BahlR.Martinez-VazquezJ.YoungmanJ. (Eds.), Making the Property Tax Work (pp. 411-435). Cambridge, MA: Lincoln Institute of Land Policy.
3.
AlexanderE. R. (2012). Institutional design for value capture and a case: The Tel-Aviv metropolitan park. International Planning Studies, 17, 163-177.
4.
AlpandaS. (2012). Taxation, collateral use of land, and Japanese asset prices. Empirical Economics, 43, 819-850.
5.
AltesW. K. K. (2009). Taxing land for urban containment: Reflections on a Dutch debate. Land Use Policy, 26, 233-241.
6.
American Society of Civil Engineers. (2013). 2013 report card for America’s infrastructure. Available from www.infrastructurereportcard.org
7.
AustinP. M.GurranN.WhiteheadC. M. E. (2013). Planning and affordable housing in Australia, New Zealand and England: Common culture; different mechanisms. Journal of the Housing and the Built Environment. Retrieved from http://link.springer.com/article/10.1007/s10901-013-9356-3
8.
BarbuD. (2013). Studies and researches regarding the urban policies impact on land valuation. Aestimum, 169-181.
ChapmanJ. I. (2015). Annotated bibliography on land value taxation and value capture (With a little bit on the Henry George Theorem): 2007-2013 (Working paper WP15JC1). Cambridge, MA: Lincoln Institute of Land Policy.
11.
ChapmanJ. I.TyrrellT.JohnstonR. (2009). Implications of a land value tax with error in assessed values. Land Economics, 85, 576-586.
12.
ConnollyC. J.WallA. (2016). Value capture: A valid means of funding PPPs?Financial Accountability & Management, 32, 157-178.
13.
DyeR.EnglandR. W. (2010). Assessing the theory and practice of land value taxation. Cambridge, MA: Lincoln Institute of Land Policy.
14.
HarrisonD.GillersH. (2016, August8). Localities opt for less debt over new infrastructure. Wall Street Journal, CCLXVIII(32), pp. A1, A2.
15.
IngramG. K.HongY.-H. (2012). Land value capture: Types and outcomes, In IngramG. K.HongY.-H. (Eds.), Value capture and land policies (pp. 3-18). Cambridge, MA: Lincoln Institute of Land Policy.
16.
KoK.CaoX. (2013). The impact of Hiawatha light rail on commercial and industrial property values in Minneapolis. Journal of Public Transportation, 16(1), 47-66.
17.
National League of Cities. (2016). Paying for local infrastructure in a new era of federalism. Washington, DC: Author.
VadaliS. R. (2014). Using the economic value created by transportation to fund transportation (NCHRP Synthesis 459). Washington, DC: Transportation Research Board.
21.
WaltersL.C. (2012). Land value caoture in policy and practice. Annual World Bank conference on land and poverty. Washington DC: World Bank.
22.
ZhaoZ.DasK. V.BeckerC. (2010). Funding surface transportation in Minnesota: Past, present, and prospects. Minneapolis: Center for Transportation Studies, University of Minnesota.
