A (Partially) New Approach to Fund Infrastructure
Overview As has been extensively covered, California’s once-toothless housing law has grown some fangs — at long last. More housing looks very likely to get built around the state. This housing will put big demands on local infrastructure. In this short essay, we will consider one approach to fund some of this infrastructure. It is not wholly novel, but combines reasonable (and permissible) steps that we believe have not previously been combined. This approach is desirable because, ultimately, it requires the approval of a majority rather than a supermajority of the electorate. Policy and History Infrastructure (roads, bridges, sewers etc.)...
