Word: taxes
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Dates: during 1960-1969
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Nearly all of the regressively in the local tax bundle is explained by property taxes, the largest single source of income for the City, For a mayor as concerned with questions of equity as Lindsay is, raising local revenue is a "damned if you do-damned if you don't" proposition...
...RAISING tax rates is not the only means of increasing locally raised revenue. One could also increase the tax base, holding rates constant (or even lowering them). The most important local tax is that on property, and the Mayor might also increase the property tax base for more revenue...
...rent control to encourage new private investment in the housing market. This investment would be primarily in luxury apartments in Manhattan for affluent singles, eventually displacing many poor and moderate income families, mainly from Harlem. We are now effectively paying $50,000 an apartment in development subsidies and foregone taxes to provide public housing in parts of Manhattan. If this same land were used for luxury housing, the increased tax yield would permit a vastly enlarged public housing program in other lower-cost areas...
...Mayor can't increase property tax rates knowing that the burden falls on the poor, and he can't significantly increase the property tax base knowing that it means dislocation and increased segregation. A pluralistic city is not necessarily an economically efficient one, but many will agree with John Lindsay that the price of this efficiency is worth paying...
...pass the buck" to their neighbor down the street who had recently moved to the White House. The New York Times reported that a plea was made to the new Administration "to set everything straight by taking over full financial responsibility for welfare, setting aside a portion of Federal tax revenues to be given to cities and states on an unrestricted basis to help them pay for schools, police and fire protection, garbage collection and other services." The story was simple: Here comes John. Here comes Nelson. See Dick...