Part 9/14:
Housing is a prime example: a proposed new tax could add over $324,000 to the cost of building a single residential property over 20 years, effectively pricing out lower- and middle-income families. Meanwhile, the state’s aggressive efforts to reduce vehicle trips and impose high development taxes push the costs for new construction skyward in already expensive markets. Consequently, fewer people can afford to live there, leading to declining population growth and reduced state income.