Interesting how the American system seems to be broken then?
Surely the problem here is two-fold?
Firstly the tax-exemption is put into place by central government - but they don't provide grants to local communities to make up for the lost income/tax
Secondly the actual local communities are set up to be too small anyway and are therefore much more susceptible / affected financially when a tax exempt group moves in - the communites are too fragile financially due to their small size to be able to cushion the lose of money due to tax exemption.
But maybe I just don't understand the 'problem'?
And isn't Brooklyn NYC heading for a 'pay day' with annual property taxes on the buildings that WT has sold their? Of course the issue is that Brooklyn is a larger community so as a percentage overall it wouldn't be so significant as for the upstate communities....