Anthony Guardino Incentive Zoning Can Help Alleviate Municipal Budget Woes
As local governments throughout New York contemplate how to deal with budgetary constraints stemming from the COVID-19 pandemic, more and more of them are likely to turn to incentive zoning as a means of relief.
November 24, 2020 at 10:49 AM
9 minute read
By Anthony S. Guardino
Given the widespread budgetary concerns facing local governments across the state brought on by the COVID-19 pandemic, many of them are finding it increasingly difficult to fulfill their obligations to deliver basic public services. Incentive zoning offers a way for these municipalities to get private developers to meet those commitments. Simply put, towns, villages, and cities can grant zoning bonuses or incentives to developers in exchange for the developers providing community amenities, infrastructure, or other public benefits.
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