California’s San Jose Unified School District recently outlined plans to accomdate teachers, who cannot easily afford homes in the area, within district-owned properties that will be converted into housing units.
Cities Expect More Budget Cuts as Home Values Continue to Fall
December 27, 2011 by
The writing has been on the wall for years, but the moment when cities will have to make serious cuts to deal with falling housing prices may come in 2012. Part of the real estate market collapse that rarely gets attention is the effect it has on property taxes. Cities use those taxes to pay