October 2017 Posts
A GASB 77 Tale of Two States
With new government financial reports arriving daily, we’ve been busy collecting GASB 77 subsidy data and posting it in our new Subsidy Tracker 2 database.
We are also taking note of trends and contrasts in transparency reporting. One of the most interesting contrasts involves the reporting of passive loss data
Putting State Pension Costs in Context: many states give away more in subsidies than normal cost of pensions for state employees
Our latest report, "Putting State Pension Costs in Context" focuses on 13 states where pensions have been debated. We compare those costs to the amount of revenue those states lose each year as the result of economic development subsidies offered to corporations as well as the tax preferences and accounting loopholes (including offshore
Top three gun manufacturers have received more than $100 million in subsidies
While the country mourns yet another mass-shooting, little attention is being paid to the fact that the companies producing the weapons are being subsidized by taxpayers. The nation’s top three gun manufacturers have received more than $100 million in taxpayer subsidies, most often as inducements to move their manufacturing plants.