By Zachary Matson
Each year local and state governments provide private companies with billions of dollars of tax credits, subsidies and other forms of incentives to mover or open new facilities in their communities. These deals are shrouded behind layers of quasi-public agencies, weak disclosure rules and secretive businesses, but rarely the economic benefits turn out as originally billed.
IRE board president and columnist David Cay Johnston and Greg LeRoy of Good Jobs First provided insights into exploring these deals and their true costs to the public on a panel at the recent IRE Conference in San Antonio.
Johnston said ...Read more ...