American cities have been pushed to the limit in maintaining municipal fiscal health, squeezed by federal mandates coinciding with decreases in state and federal aid, and a continuing backlash against the bedrock source of revenue for local government, the property tax. And all this is just at a moment when investments in infrastructure have never been more necessary for metropolitan regions. George W. "Mac" McCarthy, president and CEO of the Lincoln Institute of Land Policy, will explore the use of the mechanism of value capture to finance urban infrastructure -- widely used in Latin America, but just starting to get attention in the U.S.
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