TVA for PLACE ... USA, Baltimore MD

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TVA for PLACE USA Baltimore MD ... a slideset in development to explain why there needs to be a development plan for Baltimore, what needs to be donem and how the work can be done. We can learn from history that many of the ideologies associated with both the left and the right of the political landscape have been in large part wrong, though with some elements that were right. For the future to be better than the past, there has to be a better use of what works and a complete avoidance of what does not work. True Value Accounting is a tool that can be deployed to help in this process.

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TVA for PLACE ... USA, Baltimore MD

  1. 1. File: p3-TVA-for-PLACE-USA-Baltimore-MD-160325.odp Peter Burgess (c) All rights reserved True Value Accounting for Place - USA Baltimore MD TRUE VALUE ACCOUNTING
  2. 2. CONTEXT This slideset is a Work-in-Progress and will be updated from time to time. It is part of a series that aims to enable better metrics for the complex socio-enviro-economic system that we all live in. Metrics are powerful, but they must be the right metrics. TRUE VALUE ACCOUNTING
  3. 3. CAVEAT This slideset is at a very early stage of development … it will eventually comprise a set of several hundred slides … 160402 TRUE VALUE ACCOUNTING
  4. 4. TRUE VALUE ACCOUNTING
  5. 5. As a result of Baltimore's multiple social, economic, and educational problems, the city's population has declined from 939,000 in 1960 to just 622,000 today*. In silent, gloomy testament to this prolonged exodus, some 47,000 abandoned houses and 16,000 vacant buildings now stand like pulled teeth in Baltimore's urban landscape. TRUE VALUE ACCOUNTING * 2014
  6. 6. The violent crime rate in Baltimore is currently 3.7 times higher than the national average. This figure includes astronomical rates of murder (6.6 times the national average), rape (twice the national average), robbery (4.8 times the national average), and assault (3.2 times the national average). TRUE VALUE ACCOUNTING
  7. 7. The Baltimore City Public Schools (BCPS) spend $15,483 in taxpayer funds on average, for each K-12 student in their jurisdiction. This is almost 50% higher than the national average, but students perform near the bottom on the National Assessment of Educational Progress (NAEP), a standardized test that measures the academic abilities of children in elementary and junior high school TRUE VALUE ACCOUNTING
  8. 8. As Baltimore struggles with a dwindling tax base, the City's charitable institutions, and Hopkins in particular, generate an ever greater portion of overall income -- and these institutions are exempt from taxes. TRUE VALUE ACCOUNTING
  9. 9. As Baltimore's stratospheric property taxes, which are twice as high as those of any other jurisdiction in Maryland or the District of Columbia, help to fund the colossal educational train wreck that is the BCPS. TRUE VALUE ACCOUNTING
  10. 10. By December 2012, the unfunded pension liabilities that Baltimore owed to its retired public-sector workers had reached an unprecedented $765 million. TRUE VALUE ACCOUNTING
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  13. 13. The following appeared in a 2014 report for the Paul G. Allen Family Foundation about addressing poverty in the Pacific Northwest of the USA. TRUE VALUE ACCOUNTING
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  15. 15. These are some ideas that are being promoted through the JOBENOMICS initiative. TRUE VALUE ACCOUNTING
  16. 16. TRUE VALUE ACCOUNTING
  17. 17. REMINDER This slideset is A WORK-IN-PROGRESS. It will be upgraded periodically. It is part of a series of more than 100 slidesets. Navigation to these is available here: http://www.truevaluemetrics.org/DBadmin/DBtxt001.php?vv1=N1-Slidesets-p3 More about the True Value Metrics initiative is at: http://www.truevaluemetrics.org/DBadmin/DBtxt001.php?vv1=list0100-MainNav FEEDBACK is welcome. Please email to Peter Burgess … peterbnyc@gmail.com … with a catchy phrase in the subject line so that it gets attention, and please identify the specific slideset(s) or webpage involved. TRUE VALUE ACCOUNTING
  18. 18. THANK YOU Some links and contact information: Email Peter Burgess … peterbnyc@gmail.com Peter Burgess LinkedIn profile https://www.linkedin.com/in/peterburgess1 Link to TrueValueMetrics.org website http://www.truevaluemetrics.org/ Link to navigation to other resources: http://www.truevaluemetrics.org/DBadmin/DBtxt001.php?vv1=list0100-MainNav#1 TRUE VALUE ACCOUNTING

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