(Press-News.org) Ohio residents who vote against tax renewals for parks and recreation spending could be costing themselves a significant amount of wealth in the form of their homes' value, a University of Cincinnati economist found.
David Brasington, PhD, the James C. and Caroline Kautz Chair in Political Economy and professor of economics in UC's Carl H. Lindner College of Business, studied the effect of cutting funding for the maintenance of local parks and recreational areas on housing values for a research article that was published in Journal of Regional Science.
Brasington found Ohio communities that vote to renew parks and recreation spending see 13% higher home values three years after the vote than similar communities that voted against the tax renewals. For the typical household, a vote against tax renewals saves $70 a year in taxes but costs $30,000 in house values.
“I was surprised by how strong the magnitude was,” Brasington said. “A 13% difference in house prices is really big. I was surprised a relatively small change in park funding could cause such a big change in house prices over time.”
In his research, Brasington focused on communities that according to data from the U.S. Census Bureau share similar demographic and economic characteristics. The only discernible difference was that some of them narrowly voted to renew tax levies while others narrowly voted against renewing their levies.
Using a housing data set, Brasington compared home values in the communities from 1991 through 2016.
While house prices didn't reflect a change immediately, three years after the votes the communities that approved the park and recreation maintenance saw 13% higher house values compared to the communities that voted against their levies. In subsequent years, the gap continued to grow.
“I didn't find any effects the first year after the vote or the second year after the vote, but they were noticeable three years later,” Brasington said. “The findings I have are consistent with the idea that right after you vote to cut parks and recreation taxes and funding, you don't notice any effects on house prices, but as time goes on, maybe this decrease in maintenance funding starts to be noticeable and maybe it's reflected in house prices.”
The data doesn't mean that communities that vote against renewing tax levies see a 13% decrease in housing values or that communities that vote in favor of their levies see a 13% increase. Rather, an example could be one community seeing a 7% increase in housing values while another sees a 20% increase, Brasington said.
“When a local government offers services, they're competing with other local governments for residents and businesses to build their tax base, so they want to offer good services that people care about,” he said.
The data shows parks are a service that people care about, Brasington said. It also shows that Ohio's local parks might be underfunded.
“Parks and recreation spending seems worth it in Ohio,” he said. “There may be places where it isn't, there may be places where it's really, really worthwhile. But overall the parks and recreation spending is worth it in Ohio because the estimate is just an average across all the communities.”
Brasington's findings on home prices aligns with his previous research on the value of local park funding. In a research article published in 2021, Brasington found communities that renewed tax funding for local parks had more residential development than those that cut park taxes and funding.
END
UC economist finds strong link between park funding, home values
House prices higher in Ohio communities that vote to renew tax levies for recreational areas
2023-08-25
ELSE PRESS RELEASES FROM THIS DATE:
Is hip replacement safe for people in their 90s? Risks depend on patients' health as well as age
2023-08-25
August 25, 2023 – Potentially modifiable comorbid conditions and complications have a major impact on the risks of total hip arthroplasty (THA) for people in their nineties, reports a study in The Journal of Bone & Joint Surgery. The journal is published in the Lippincott portfolio in partnership with Wolters Kluwer.
Patients ³90 years old have higher complication and mortality rates following THA, as compared with younger patients. But while age is a significant factor, the risks associated with THA in nonagenarians ...
SLU research: Erectile dysfunction linked to undiagnosed prediabetes, type 2 diabetes in young men
2023-08-25
ST. LOUIS — Erectile dysfunction (ED) is more common in older individuals with long-term Type 2 diabetes. However, emerging research at Saint Louis University School of Medicine has found that ED indicates undiagnosed prediabetes and type 2 diabetes in young men under 40.
Although the prevalence of undiagnosed diabetes declined in the United States from 1988 to 2020, 2.5% of the population has persistent undiagnosed diabetes. The Centers for Disease Control and Prevention estimate 8.5 million adults have undiagnosed diabetes, and a quarter of these cases are among young persons 18 to 44.
In a recent study published ...
Children with SEND deserve authentic inclusion in the foreign languages classroom, report warns
2023-08-25
Pupils with special educational needs and disabilities should be given equal opportunities to learn languages, a new report argues.
Anecdotal evidence suggests that children with SEND are often removed from language lessons, because the subject is perceived as “difficult”, an assumption that is further exacerbated by trends with GCSE subject choices. Instead of withdrawing children with additional needs from the foreign languages classroom, opportunities should be provided for them to thrive within it.
Evidence shows learning new languages can be possible and hugely beneficial for many children with ...
New guideline details dental pain management strategies for pediatric patients
2023-08-25
CHICAGO, Aug. 25, 2023 – Acetaminophen or non-steroidal anti-inflammatory drugs (NSAIDs) like ibuprofen are recommended as first-line treatments for managing short-term dental pain in children under age 12, according to a new clinical practice guideline developed by the American Dental Association Science & Research Institute (ADASRI), the University of Pittsburgh School of Dental Medicine and the Center for Integrative Global Oral Health at the University of Pennsylvania School of Dental Medicine. The guideline has been endorsed by the American Dental Association.
A guideline panel determined that, when used as directed, acetaminophen alone, ...
In Type 1 diabetes, verapamil prevents decline of IGF-1 and promotes beta-cell IGF-1 signaling
2023-08-25
BIRMINGHAM, Ala. – In 2012, University of Alabama at Birmingham researcher Anath Shalev, M.D., reported that a decades-old blood pressure medication called verapamil completely reversed diabetes in animal models. In 2018, the team had translated these findings into a randomized, controlled, clinical trial, demonstrating significantly improved beta cell function for one year in human subjects with recent onset Type 1 diabetes. By last year, in a small follow-up study, Shalev and colleagues had found that adult Type 1 diabetes patients taking oral verapamil required less daily insulin ...
How being in space impairs astronauts’ immune system
2023-08-25
A new study led by researchers at Karolinska Institutet in Sweden has examined how T cells of the immune system are affected by weightlessness. The results, which are published in the journal Science Advances, could explain why astronauts’ T cells become less active and less effective at fighting infection.
The next steps in the exploration of space are human missions to the moon and to Mars. Space is an extremely hostile environment that poses threats to human health. One such threat is changes to the immune system that occur in astronauts while in space and ...
Mitochondria pore emerges as potential key to managing muscular dystrophies
2023-08-25
Ever since the Jerry Lewis telethons began in the 1960s, millions of people have become familiar with an otherwise rare disease called muscular dystrophy (MD).
The medical world has learned much over the ensuing years, including that more than 30 closely related disorders exist that can produce the gradual muscle degeneration that steals a child’s ability to walk and eventually disrupts other organ functions. An estimated 250,000 people in the U.S. are living with a muscular dystrophy. While many are living longer lives thanks to improved treatments, no cure has been found.
Now an eye-opening study ...
Unlocking the secrets of cell antennas
2023-08-25
Cilia are thin, eyelash-like extensions on the surface of cells. They perform a wide variety of functions, acting as mechanosensors or chemosensors, and play a crucial role in many signaling pathways. In the last few decades, the organelle has undergone a remarkable, but at the same time sinister, career transformation. It evolved from an organelle whose relevance was unclear to becoming a central player in the pathogenesis of a large group of diseases. These so-called ciliopathies are associated with a wide range of symptoms, including hearing loss, visual impairment, obesity, kidney disease, and mental disability. Different gene mutations impair cilia formation, ...
How origami might inform disease diagnoses
2023-08-25
Researchers at the USC Viterbi School of Engineering looked to origami to create new sensors that could someday be employed to detect deformations in organs and also for use in wearables and soft robotics.
Their paper, “High-Stretchability and Low-Hysteresis Strain Sensors Using Origami-Inspired 3D Mesostructures,” featured in Science Advances explains how USC researchers Hangbo Zhao, Xinghao Huang, Liangshu Liu, Yung Hsin Lin, Rui Feng, Yiyang Shen, and Yuanning Chang developed “stretchable strain sensors,” ...
Weight loss medication benefits patients with heart failure and obesity
2023-08-25
Amsterdam, Netherlands – 25 Aug 2023: Semaglutide improves heart failure-related symptoms and physical function and results in greater weight loss compared with placebo in patients with heart failure with preserved ejection fraction (HFpEF) and obesity, according to late breaking research presented in a Hot Line session today at ESC Congress 2023.1
Approximately half of patients with heart failure in the community have HFpEF.2 Most patients with HFpEF are overweight or obese, and growing evidence suggests that obesity and excess adiposity are not simply comorbidities, ...
LAST 30 PRESS RELEASES:
International Consortium of Women’s Mental Health Experts present scientific evidence to support classification of postpartum psychosis as a distinct disease
PET imaging of inflammation predicts recovery, guides therapy after heart attack
Pennington Biomedical awarded renewal of NIH-funded Center to Advance Metabolic Disease Research and train future scientists
Planetary scientists link Jupiter’s birth to Earth’s formation zone
University of Louisville, UofL Health receive $11.5 million to develop new cancer immunotherapies
Survey: Californians don’t know cannabis driving laws
Gum disease and cavities linked to increased stroke risk
Gum disease associated with changes in the brain
Brian Cleary awarded $2.25 million NIH grant to advance single-cell gene expression research
Gut parasites identified from feces of ancient Mexican people
Remission achievable for 1 in 3 Indian diabetics through intensive app-based lifestyle program
Idiopathic hypersomnia is a rare disease of excessive sleepiness, with patients revealing they never feel rested or awake no matter how much sleep they get, in analysis of online posts
Backyard birders in South Africa may continue to enjoy biodiversity in visiting birds under climate change scenarios, while climate change and declining biodiversity may decrease birding in protected
Ingestible pill developed to diagnose intestinal disorder
‘Chronic lung-transplant rejection has been a black box.’ New study gives answers, drug targets.
Neutrino experiments in US and Japan join forces
Hunting for the chromosomal genes that break the heart
Trial enrollment and survival disparities among patients with advanced epithelial ovarian carcinoma
Adverse pregnancy outcomes and long-term risk of atrial fibrillation
Study: Dangerous E. coli strain blocks gut’s defense mechanism to spread infection
No benefit of ketamine for patients hospitalised with depression, clinical trial reports
Ants use a genetic 'bulldozer' to achieve a hyper-specific sense of smell
Scientists pinpoint a key gene behind heart defects in Down syndrome
$6.2M grant will launch UC San Diego REACH Center for Translational Science on Whole Person Health
Bay Area Lyme Foundation opens applications for 2026 Emerging Leader Awards and research grants
A new post-processing route to improve tensile strength and ductility in 3d-printed alloys
JMIR Publications’ Journal of Medical Internet Research invites submissions on Navigating AI-Enabled Uncertainty
Small changes in alcohol intake linked to blood pressure shifts
Natural Japanese and Taiwanese hinoki cypresses genetically differentiated 1 million years ago
GemPharmatech announces research collaboration with leading cancer center to advance antibody discovery
[Press-News.org] UC economist finds strong link between park funding, home valuesHouse prices higher in Ohio communities that vote to renew tax levies for recreational areas