Regulation for Revenue The Political Economy of Land Use Exactions

, by Altshuler, Alan A.; Gomez-Ibanez, Jose A.; Howitt, Arnold M.

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ISBN: 9780815703556 | 0815703554
Cover: Paperback
Copyright: 4/1/1993

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This volume offers an integrated appraisal of exaction financing, showing that exactions come in many forms and that they can be meaningfully evaluated only by comparison with realistic alternatives. These include growth restrictions, tolerance of infrastructure overload, and increased tax and user charges.

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Central Issues and Themes	p. 1
Alternative Responses	p. 2
What Are Exactions?	p. 3
Appraising Exactions	p. 6
Historical Perspective	p. 8
Regulation for Revenue	p. 10
Alternatives to Exactions	p. 14
Sources	p. 16
Special Assessments	p. 17
Pre-1970 Exactions	p. 18
Surge in Exaction Usage	p. 19
Evolution and Current Practice	p. 34
From Taxes to User Charges	p. 34
Incidence of Exactions	p. 35
Dollar Magnitudes	p. 39
Impact Fees and Urban Sprawl	p. 41
Social Exactions	p. 42
Political Wellsprings, Legal Constraints	p. 47
Judicial Oversight	p. 49
Escape from Oversight: Negotiated Exactions	p. 54
Bargaining Dynamics	p. 57
Potential for Corruption	p. 59
Why Don't States Impose Exactions?	p. 59
Local Infrastructure Demands and Costs	p. 62
Other Causes of Rising Infrastructure Demand	p. 63
National or Regional versus Local Perspectives	p. 65
Suburban Sprawl and Jobs-Housing Imbalance	p. 67
Redevelopment and Infill Development	p. 75
Does Development Pay Its Own Way?	p. 77
Conventional Wisdom and New Doubts	p. 78
Fiscal Impact Analyses	p. 86
Spending and Revenue Trends	p. 92
Conclusions	p. 95
Equity Considerations	p. 97
Who Pays Exactions?	p. 98
When Developers and Land Speculators Lose	p. 104
Newcomers, Existing Residents, and Intergenerational Equity	p. 105
The Progressivity of Exactions	p. 106
Conclusions	p. 110
Exactions and Efficiency	p. 112
Infrastructure versus Social Services	p. 112
Incentives for Low Exactions	p. 114
Exactions versus User Charges	p. 115
Exactions versus Growth Limits or Deteriorated Services	p. 120
Conclusions	p. 121
The Political Economy of Exactions	p. 122
Evolutionary or Epochal?	p. 123
Regulation for Revenue	p. 127
National, State, and Regional Perspectives	p. 128
Legal Constraints and Loopholes	p. 130
Appraisal Criteria	p. 132
Exactions Appraised	p. 138
Notes	p. 141
Index	p. 171
Table of Contents provided by Blackwell. All Rights Reserved.

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Regulation for Revenue The Political Economy of Land Use Exactions

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