Greg LeRoy, executive director of Good Jobs First, told the Orlando Sentinel the incentives were "worse than a zero-sum game. We call this interstate job fraud. At the end of the day, you've also got less revenue available for public services."
Good Jobs First Subsidy News
According to the latest update by the NY State Comptroller, there are 109 IDAs overseeing over 4,000 projects that exempt almost $800 million in taxes, and that’s after accounting for PILOTs. As property taxes make up the lion’s share of educational revenues, abatements can seriously hurt school districts.
Why, then, do NY’s school boards seem so passive about chunks of revenues getting carved out of their budgets every year to pay for corporate tax breaks?