Could land-based financing help create fiscal space for investment by Brazil’s municipalities? by David M. Vetter and Marcia Vetter, published by Lincoln Institute of Land Policy. “Within a framework of tight fiscal controls and fiscal discipline, could Brazil´s municipalities generate fiscal space for investment and provision of social needs by increased use of land-based financing? The results show that municipalities ranking in this top quartile often: Invest at low levels, show low fiscal effort with real estate taxes and fees, and have not passed the legislation necessary to use the land-based instruments. Simulations show that relatively small improvements in real estate taxes and fees could generate significant fiscal space.”
