Good Jobs First Subsidy News

04/26/2017

By Lisa Mckinney, The Council of State Governments

This year, states will have the opportunity to better evaluate the efficacy and value of tax incentives designed to attract, expand and retain business activity in their states with the implementation of the Governmental Accounting Standards Board’s Statement 77, or GASB 77, which for the first time requires state and local governments to disclose in their financial statements how much revenue was lost to tax abatements for economic development.

04/01/2017

By Mark Niesse, The Atlanta Journal-Constitution

Over the objection of a school system that insisted children would pay the price, economic development officials last year granted tax breaks worth more than $250 million to a company that wants to transform an old General Motors site in Doraville into a mix of offices, retail and housing.

In Atlanta, UPS, the world’s largest package delivery company, also was negotiating $28 million in tax breaks for a new logistics facility that will employ 1,000 low-paid workers.

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