Word: taxed
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Dates: during 1980-1989
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SINCE the mid 1970s, Cambridge has pursued a policy of aggressively seeking new development to raise tax revenue. In many ways, the policy has been a successful one. By attracting wealthy developers, Cambridge has been able to tranform itself from a dying industrial center to one of the area's most financially secure cities...
...seem to be an anti-rent control referendum. Its first part allows tenants who have lived in rent-controlled apartments for two years to buy them. The second part exempts owner-occupied units from rent control should the owner move out temporarily. And the third part suggests that extra tax revenue garnered from the sale of rent controlled units should be used to increase the supply of affordable housing...
...proponents' argument is typically neocloassical. By moving towards the free market in housing, supporters of 1-2-3 say all people can gain without anyone losing. Tenants allegedly gain by having the opportunity of home ownership. The city allegedly gains with the increase in tax revenue, as housing units are taxed at market rates. And oh yes, landlords just happen to gain also, to the tune of several million dollars...
SUPPORTERS of 1-2-3 try to cover up the negative impact of their proposal on the poor by dwelling on proposition 3, which suggests that surplus tax revenue would be used to subsidize rents or build affordable housing. David E. Sullivan, long-time Cambridge City councillor, called this provision a shady appeal to "liberal guilt...
Some observers said that because the governor has already announced he will retire in 1990, he does not have to worry about the voters' reactions to a tax increase. Barbara Anderson, director of Citizens for Limited Taxation (CLT), has threaatened to sponsor a referendum repeal effort against a tax hike. CLT organized Proposition 2 1/2, the 1980 tax...