Even if Growth Slows Down, State Services Need to Catch Up
I keep saying that local governments like CIDs because they get taxpayers without having to provide services and infrastructure. This article documents the cost issues:
...in 2010 — if the state's latest projections are on mark — there'll be 39 million people here, instead of 40 million. In 2020, there'll be 44 million — not 46 million — fighting for freeway space, scarce water and classroom desks. Plus affordable housing within commute distance...The scary part is what else the story said: "State planners are reconsidering long-term needs for new schools and other public services."
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The point is that it is hard to see where the money will come from to build all the infrastructure and provide services for these new residents. Enter...private residential governance.