December 2008 Posts

Dec
17
2008

RAD-ical TIF Deregulation a Cause for Concern in NJ

or any city services, for that matter...New Jersey’s Revenue Allocation Districts (RADs—the Garden State’s version of tax increment financing) may soon undergo severe deregulation.

Dec
17
2008

“Smoking Gun” found in NYS Investigation of New Yankee Stadium

smoking-gun1Juan Gonzalez of the Daily News reports today that an investigation into the public fina

Dec
15
2008

Foreign Auto Plants Have Received $3.6 Billion in Subsidies, Mostly from Southern States

Responding to many queries, Good Jobs First released its summary of state and local subsidies given to foreign-owned auto assembly plants, totaling $3.6 billion.

Dec
9
2008

Opposition Grows on Proposal to Cut Bond Transparency

In November we blogged about an IRS proposal that would lessen the public approval and transparency requirements states and localities must follow when they issue tax-exempt bonds for private economic development and housing projects.

Dec
5
2008

Kansas City Forced to Bail Out TIF Districts

piggybank_sm11In Kansas City, subsidized development projects designed to pay their own way with “guaranteed” revenue streams are requiring local government bailouts and cash advances to stay afloat.