Over 1,900 local governments received $553 million from the Department of Interior this year to compensate them for lost tax revenue for federal lands that cannot be developed in their territory. These payments are the consequence of more than 640 million acres of land or 28 percent of the U.S. territory owned by the federal government. The costs of federal ownership are not only payments to local governments, but environmental damage due to mismanagement and deferred maintenance, and the lost economic activity that cannot occur in 28 percent of the country. Read more here....
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E21: Economic Policies for the 21st Century is a Washington-based center of the nonprofit, nonpartisan Manhattan Institute dedicated to economic research and innovative public policies for the 21st century. Drawing on the expertise of practitioners, policymakers, and academics, we aim to advance free enterprise, fiscal discipline, economic growth, and the rule of law.