Maybe this will be the nail in the coffin of the idea that any surplus capacity is wealth that should be in the hands of the 1%, rather than an essential buffer against catastrophe.
Do municipal taxes bring in enough money to maintain our urban and suburban infrastructure? In the densest urban areas, probably yes. Otherwise, generally no.
It might shock most people to learn that in many American cities, the poorest neighborhoods subsidize the wealthiest.
Source: This ‘Ponzi scheme’ surrounding development leaves most cities and towns functionally insolvent