''The fear is that if they build affordable housing and children live in that housing, the cost of schooling those kids in those homes would outweigh the amount of money in property tax brought in from those homes," said Barry Bluestone, director of the Center for Urban and Regional Policy at Northeastern University and a coauthor of the study. ''There would be more costs over and above what is generated in revenue. Which means they would have to raise money in some other ways, or spend less per child. No municipality wants to do that."The inadequate supply of affordable housing is a notorious glitch in the housing market, and governments typically have to provide incentives to developers to build it -- something Boston is particularly good at, despite the barrier presented by the cost of education.
Bottom line: One more reason local funding of schools is a bad, bad idea.
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We featured this post as an "editor's choice" at the 22nd edition of The Carnival Of Education.
thank you!
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