Posts Tagged ‘Urban Income Tax Zone’

  In Part 1 of “The State’s Role in Fixing Trenton” I argued that New Jersey should fund a portion of Trenton’s revenue and I presented a simple calculation for a fair funding level, $70M.  However, there are several big changes that only the state can make that will truly re-invent Trenton’s economy and potentially all of New Jersey’s urban centers.

Over the years, state and federal governments have adopted policies favoring the creation of suburbs:  most notably road building, tax advantaged mortgages for single family homes and electrification.  Technology also played an important role in making urban centers less important as telecommunications, trains, power generation and eventually container shipping spread manufacturing out of town. [1]

These policies and technologies, among others, led to urban decline over the last 50 years.  Urban renewal and the riots in the late 60s were just nails in the coffin.

These are powerful mega-trends but their influence is waning and new mega-trends are taking over: Read the rest of this entry »