New tools for price-tagging development incentives, a.k.a. "corporate welfare"
A new accounting rule now requires most governments to disclose how much revenue they lose to corporate tax breaks granted for economic development. Learn how and where this first-ever data will arrive, from the advocate who won the rule's adoption and from a state official enforcing it. You’ll also learn how existing data sources are being newly plumbed by a Buffalo-based group whose work has already triggered federal corruption indictments.
Jim Heaney is the founder, editor and executive director of Investigative Post, a nonprofit investigative reporting center based in Buffalo, N.Y. Investigative Post produces multi-platform investigations for television, radio, print and online for a variety of outlets, including the NBC and NPR affiliates in Buffalo. Heaney previously reported for The Buffalo News and The Orlando Sentinel.
Dubbed “the leading national watchdog of state and local economic development subsidies” Greg LeRoy @GregLeRoy4 founded and directs Good Jobs First www.goodjobsfirst.org a resource center promoting accountability in the >$70 billion spent annually by states and localities for economic development. GJF is home to Subsidy Tracker, the only national database of subsidy awards. He, GJF’s staff, and their data-rich websites assist journalists every day.
Sarita Nair heads the Government Accountability Office of the New Mexico Office of the State Auditor, where she is also General Counsel. At the GAO, Sarita leads projects that make audit data more accessible and relevant to the public, including the Special Audit of Sexual Assault Evidence Kits, the “Matter of Facts” series on the economic impacts of federal policies, and studies of tax expenditures and out-of-state government spending. @thx365
Tax Expenditures and the Myth of Scarcity
This presentation from the New Mexico State Auditor was used for a panel on new tools for price-tagging development incentives, a.k.a. "corporate welfare."