No City Should Rely Primarily on a Sales Tax for Funding

At a glance, the sales tax is a nearly invisible revenue source that is also a cash cow. Yet, for local governments, it is the most distorting of taxes. Here’s why.

Marohn, Transparent Accounting, Top StoryCharles MarohnMay 1, 2023sales tax, Transparent Local Accounting, tax revenue, local government, city government, municipal finance, finance, financial solvency, local finance

What’s Going On With the Recent Bank Failures?

In this week’s episode of the Strong Towns Podcast, Chuck Marohn talks about the financial system, and provides insights on what’s currently happening in the banking industry.

Podcast, Marohn, ST Podcast, Top StoryStrong TownsApril 3, 2023Podcast, podcast, banks, finance, Inflation, Economy

The Largest Mistake of Our Generation

The proposed annual budget for Winnipeg, MB, reveals the true cost of the Suburban Experiment, and the vibrancy that the city (and so many others like it) has sacrificed in many of its neighborhoods.

Transparent Accounting, Top StoryMichel Durand-WoodFebruary 22, 2023Transparent Local Accounting, suburban experiment, canada, Canada, suburban development pattern, Infrastructure, infrastructure, infrastructure maintenance, budget, finance, public finance, Growth Ponzi Scheme, transportation, transportation spending

Colorado Development Scheme Yields Billion-Dollar Debt

The town council in Castle Rock, CO, received a shocking briefing at a recent meeting: that their single, mid-sized region within a single, mid-sized state has accrued almost a billion dollars of debt. But how?

Transparent Accounting, News, Top StoryBen AbramsonFebruary 22, 2023colorado, debt, Municipal Debt, Infrastructure, Ponzi Scheme, Growth Ponzi Scheme, Transparent Local Accounting, finance, suburban development pattern

Buncombe County Has the Conversation No One Wants to Have: Property Taxes

All over the U.S., studies have shed light on how much residents in lower-valued homes are being overassessed on property taxes. Now, Buncombe County, NC, is offering residents a space to appeal their assessments.

Sheppard, Transparent Accounting, Urban3, Top Story, NewsSeairra SheppardFebruary 2, 2023finance, tax revenue, tax exemption, property tax, Transparent Local Accounting, Urban3, Just Accounting for Health

Warren Buffett Doesn’t Like Spending on Streetcars (but Has No Problem With Crazy Highway Spending)

Warren Buffet has broken his practice of “staying out of local politics" to criticize a streetcar project in his home city of Omaha, NE…but why does he have nothing to say on the city’s ridiculous and reckless highway projects?

End Highway Expansion, Finance, Marohn, Top StoryCharles MarohnJanuary 30, 2023End Highway Expansion, public transit, public transportation, Streetcars, finance, local finance, investing, public investment, highways, Nebraska

Ben Hunt: In Praise of Bitcoin

This week on the Strong Towns Podcast, Chuck Marohn chats with Epsilon Theory’s Ben Hunt about Bitcoin.

Podcast, Marohn, ST Podcast, Top Story, TrendingStrong TownsJanuary 2, 2023Podcast, podcast, investing, finance, personal finance

Toronto’s Curbside Patios Made 49 Times More Money Than the Parking They Replaced

A recent study on curbside dining in Toronto found that there are loads of financial possibilities waiting in empty parking spaces.

#BlackFridayParking, Parking, Sheppard, Top Story, End Parking Mandates, NewsSeairra SheppardNovember 22, 2022Parking, parking, parking minimums, End Parking Mandates and Subsidies, #BlackFridayParking, canada, Canada, Toronto, local finance, finance, local business

Can Your City Afford a Natural Disaster?

If a natural disaster hit your city, would your tax revenue pay for the damage, or would you be underwater—literally and figuratively?

#DotheMath, Finance, Urban3, Top Story, Transparent AccountingTaylor SchenkerOctober 4, 2022Urban3, Transparent Local Accounting, tax base, tax revenue, flooding, natural disasters, finance, local finance, #DoTheMath

What Will Housing Prices Be a Year From Now?

If one thing’s clear about the housing market, it’s that it’s currently more sensitive to factors outside of your community—outside of your control—than anything within.

Finance, Housing, Marohn, Top Story, Incremental HousingCharles MarohnSeptember 26, 2022housing, housing cost, housing affordability, housing market, Housing, housing policy, housing finance, Incremental Housing, homeowners, Homeownership, homeownership, finance

Main Street vs. Big Box Stores: A Western North Carolina Analysis

Property taxes represent the largest source of revenue for most local governments, and data shows that even unglamorous downtown areas offer more value as taxable properties than big box stores.

Financial Fragility Is To Blame for Jackson’s Water Crisis

The Suburban Experiment is a bad business model, and nothing demonstrates that more clearly than Jackson, Mississippi’s, ongoing water crisis.

Finance, Infrastructure, Marohn, Transparent AccountingCharles MarohnSeptember 12, 2022Infrastructure, infrastructure, infrastructure maintenance, fragility, mississippi, development pattern, Growth Ponzi Scheme, infrastructure cost, finance, local finance, suburban experiment

Mansion Blight: How the Most Expensive Homes Drain Community Wealth

Mansions on large lots, not rundown properties in low-socioeconomic-status neighborhoods, are the real blight on a community’s financial health.

Mall Money, More Problems

Yet another failed mall (this time in Milwaukee, WI) proves to be a drag on—and an active harm to—its surroundings.

#DotheMath, Quednau, Top Story, Safe & Productive Streets, Transparent AccountingRachel QuednauSeptember 1, 2022malls, financial solvency, #DoTheMath, finance, Value Per Acre, Wisconsin, Milwaukee, milwaukee, shopping malls, public investment

Can America’s Unfair Property Tax System Ever Be Fixed?

Strong Towns interviews Dr. Christopher Berry, of the University of Chicago, on how we can begin making meaningful changes to the U.S.’s broken property tax system.

“Bias Writ Large” in the Property Tax Assessment System

There are some obvious anomalies that are being overlooked in the property tax assessment system. Joe Minicozzi of Urban3 pulls back the curtain in this episode of the Strong Towns Podcast.

In Buncombe County, NC, Billions of Dollars of Home Value Go Untaxed

As an ad hoc committee recently discovered, owners of higher-valued properties are more likely to receive a tax break…simply because of bad data.

Why You Should Care About Property Taxes as a Renter

If you don’t own a home, and don’t have plans to own one anytime soon, you might think property taxes don’t concern you. But, what if we told you that they definitely do?

Finance, Sheppard, Top Story, Transparent AccountingSeairra SheppardJune 28, 2022Just Accounting for Health, tax revenue, tax base, Tax Base, property tax, homeowners, Homeownership, homeownership, rent, renters, finance, local finance, Transparent Local Accounting

Are You Smarter Than a 5th Grader? (Transit Edition)

Don’t be fooled: Winnipeg’s newly proposed “rapid transit” project is actually a road-widening project in disguise. And it aims to borrow money so the City can destroy millions of dollars of its own tax base.