Overall Tax may Suffer Due to Special Tax

Granting real estate tax abatements like those for the Superblock in West Baltimore and Harbor Point raises important policy issues. First, it is bad public policy that creates competitive disadvantages for existing property owners subsidized by the taxpayers. Second, the city will get less assessable property tax revenues from large-scale commercial developments.

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In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.






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