Value Capture Taxation as an Infrastructure Funding Technique. (January 2017)

• Record Type: Journal Article
• Authors: Chapman, Jeffrey
• Is Part Of: Public works management & policy. Volume 22:Number 1(2017:Jan.)
• Page Start: 31
• Page End: 37
• Publication Date: 2017-01
• Subjects: value capture taxation -- land tax -- public–private partnership -- tax increment financing -- assessment districts; Public works -- United States -- Management -- Periodicals; Public works -- Finance -- Law and legislation -- United States -- Periodicals; 363
• DOI: 10.1177/1087724X16670395
• Languages: English
• ISSNs: 1087-724X

Abstract

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.