The Detriment of the Municipal Creditworthiness

LZ Granderson asks if we can draw lines between these property tax, the attacks on the tax base through these evident attacks on real estate. LZ: Is this going to read down to the detriment of the municipal- Sure. And I've actually tried to explain this to two New York City Councilmen before,. which is that you're decimating your property tax base and it's a terrible place for cities to end up.