David Brasington, Ph.D., the James C. and Caroline Kautz Chair in Political Economy and professor of economics in UC's Carl H. Lindner College of Business, studied the effect of cutting
is really big. I was surprised a relatively small change in park funding could cause such a big change in house prices over time." "I didn't find any effects the first year after the vote or the second year after the vote, but they were noticeable three years later," Brasington said."The findings I have are consistent with the idea that right after you vote to cut parks and recreation taxes and funding, you don't notice any effects on house prices, but as time goes on, maybe this decrease in maintenance funding starts to be noticeable and maybe it's reflected in house prices.
in favor of their levies see a 13% increase. Rather, an example could be one community seeing a 7% increase in housing values while another sees a 20% increase, Brasington said.for residents and businesses to build their tax base, so they want to offer good services that people care about," he said.