None
DE
Opinion: Allowing Denser Housing Can Also Fix San Diego’s Budget Crisis – Without Raising Taxes
['Ricardo Flores', 'More Ricardo Flores', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar']
Voice of San Diego
Flores is the executive director of LISC San Diego.
The city of San Diego faces a $110 million deficit, the county of San Diego is projecting a $138.5 million deficit and, not to be outdone, San Diego Unified School District is projecting a $47 million deficit.
By rolling back minimum lot sizes, San Diego can increase property tax revenue while freeing up more developable land to address the region’s housing crisis.
We asked London Moeder Advisors what the implications on local property tax revenues would be if a single-family lot were replaced with five new, for-sale, family townhomes.
At the time, the value of land in San Diego County was much less than it is today.