Good Jobs First Blog

Sep
15
2020

South Carolina Public Schools Lost $423 Million to Corporate Tax Breaks in FY 2019

Public school districts in South Carolina lost $423 million in property tax revenues during the 2019 fiscal year, due to tax abatements county governments granted to corporations. That’s an increase of $99 million – or 31 percent – compared to just two years earlier, according to a new Good Jobs First report released today: “The Revenue Impact of Corporate Tax Incentives on South Carolina Public Schools.”

Sep
8
2020

CARES Act Monies Go to Companies that Have Defrauded Uncle Sam, Stolen Wages, Broken Health & Safety Rules

More than 43,000 businesses and non-profit organizations that received CARES Act funds have a history of misconduct, collectively paying $13 billion to settle civil and criminal penalties over the last decade.

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".

Jun
29
2020

State Enforcement Actions Against Financial Sector Misconduct Have Yielded $17 Billion in Company Penalties

A new compilation of regulatory enforcement actions shows that states have collected more than $17 billion in penalties from financial services companies over the past two decades. Most of that sum comes from cases brought by New York State against major U.S. and foreign banks