Jul
2
2020

These States Are Missing A Lot of Tax-Break Disclosure Data – Is It Non-Compliance?

Tax abatement disclosures often need to be enforced at the state level. We have isolated a few states that have abnormally low disclosure rates among their local governments. Is there underreporting going on? Is underreporting a statewide problem?

Jun
29
2020

Nine Common Reasons Governments Decline to Provide Tax Abatement Disclosures

For local governments, acknowledging GASB Statement No. 77 on Tax Abatement Disclosures is not a bad start, but not disclosing the amount of taxes abated is bad for transparency. This blog exposes the common "excuses".

May
29
2020

Disclosing Tax Revenue Lost to Corporate Welfare: Are Local Governments Backsliding on Compliance?

When a local government does not report on tax abatements, is it not complying with the GASB 77 disclosure rule, or is there nothing to disclose? This blog answers the question.

Apr
27
2020

Report: Corporate Tax Giveaways Harm States' Revenue Needed for Pension Funding (cont'd)

Good Jobs First – a non-profit, non-partisan research center focusing on economic development accountability – today published the second half of a 13-state report “Putting State Pension Costs in Context.” The report found that Colorado, Georgia, Louisiana, Missouri, South Carolina, Texas, and Vermont together spend more than $17 billion per year in development subsidies and tax breaks for corporations, about five times the states’ yearly pension obligations.

Feb
11
2020

State and Local GASB 77 Tax Abatement Disclosures for FY18 & FY19: Known Spending Rises, Compliance Still Uneven

Many governments on July-to-June fiscal years have now issued their FY19 Financial Reports,  and we at Good Jobs First are scanning them for tax abatement disclosures and adding them to our FY18 analysis. We discuss here our first take on reports from states and major local jurisdictions.