Working for Smart Growth:
More Livable Places and Open Spaces

 

Tax Policies

New Jersey’s fragmented system of local governance and its disproportionate reliance on property taxes for funding local services (particularly schools) combine to create incentives that have powerful, distorting effects on land-use decision-making.

Because municipalities are so often on their own to pay for local schools (regional, multi-municipality K-12 school districts are the exception, not the rule), every municipality has an incentive to adopt zoning that discourages any residential development that might attract new schoolchildren and hence require a hike in property tax rates.  Instead, municipalities compete for the limited number of “clean ratables,” such as office parks and shopping malls, that their region can sustain.  This results in the sub-optimal location of major projects and a self-reinforcing downward spiral of disinvestment for those municipalities that are unable to score these major projects, as rising tax rates continue to chase away the more prosperous residents and businesses.

Future Facts
Opportunity Zones Take Another Step Forward

New Jersey’s proposal to designate 169 Census tracts as Opportunity Zones has been approved. Analysis shows they represent the kinds of places where the state would like to direct growth, and where targeted investment can catalyze economic revitalization.

Trends in Redevelopment Finance: Complexity and Change

At New Jersey Future’s Redevelopment Forum, expert in redevelopment finance discussed opportunities presented by a variety of new and existing financing tools, and emphasized that changes in Washington and Trenton are likely to bring more complexity to the field.

Smart-Growth Policy Priorities Well Represented on Murphy Transition Team

Smart-growth policy issues are well represented by the 15 experts now or formerly associated with New Jersey Future who have been named to the transition teams working with Governor-elect Phil Murphy.

Gubernatorial Candidates on Key Issues Facing New Jersey

We asked the Democrat and Republican candidates for governor how they would approach some of the key issues the winner will face when he or she takes office. Here is what they said.

Report: Changes in Affordable Housing Tax Credit Criteria Move More People to High-Opportunity Areas

Analysis shows changes in how affordable-housing tax credits are allocated can move such housing away from areas of concentrated poverty and into areas with greater access to opportunity.

Articles and Stories
ForwardNJ Coalition Lists Transportation Funding Priorities

the ForwardNJ coalition offers priorities for Transportation Trust Fund. February 2015.

New Jersey Future Statement on Signing of A3969/S2647, the ‘Meadowlands Bill’

Both the drafting and the signing of such ill-constructed, vague and contradictory legislation is regrettable, and puts progress on many fronts at risk. February 2015.

New Jersey’s Economic Opportunity Act and Smart Growth: A Progress Report

The Economic Opportunity Act of 2013 included additional incentives for projects destined for “smart-growth” areas. This report analyzes how effective the updated incentives have been at directing growth to those areas. December 2014.

Targeting Transit: Assessing Development Opportunities Around New Jersey’s Transit Stations

New Jersey has 243 transit facilities, ranging from small single-track stations to major multi-line hubs. The unique characteristics of each station, of its immediate neighborhood, and of its surrounding municipality mean that a wide variety of development strategies should be brought to bear in order to maximize each location’s potential. This report shows how data assembled by New Jersey Future can be used to make decisions on how to target various kinds of transit-oriented development efforts. September 2012.

Smart Growth FAQ

Some frequently-asked questions about how smart growth would affect New Jersey’s future development, including how it affects traffic, taxes, and land preservation.

See all Future Facts and Articles in this category »
 

Reports, Presentations and Testimony

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