2024-06-27 23:38
It's long past time for NYC to adopt a growth mindset.
More housing means:
-more income tax revenue (without raising rates!)
-more property tax revenue
-more sales tax revenue
-more businesses, stores, and restaurants
-more residents, and thus more representation in Congress
-more housing options and choices
-a more dynamic and prosperous city
-more opportunity!
https://gothamist.com/news/nycs-housing-shortage-costing-billions-in-lost-taxes-report-finds