Close Allentown SD Budget Gap With NIZ Land Windfall

When the state created the NIZ tax district, they made the land downtown more valuable. Overnight, landowners there became eligible for a boatload of state subsidies to build buildings. Lots of people wanted to get in on that, but there is only so much land within the NIZ borders, so land prices got bid up. [...]

Why We’re Going Over the Cliff

Jonathan Chait: “Where are the president’s spending cuts?” asks John Boehner. With Republicans coming to grips with their inability to stop taxes on the rich from rising, the center of the debate has turned to the expenditure side. In the short run, the two parties have run into an absurd standoff, where Republicans demand that President [...]