Good Jobs First Blog
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
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.
51 State-Specific “Roadmaps” Also Issued
Good Jobs First Announces “Subsidy Tracker 2”
to Collect New GASB Statement 77 Tax Abatement Data
Washington, DC, September 27, 2017— Good Jobs First today announced “Subsidy Tracker 2” – a new online database for tax-break spending records issued thanks to GASB
Hundreds of local governments have already reported their tax revenue losses associated with corporate subsidies. In late July, the State of New York became the first state to do so, in their Basic Annual Report, a publication that precedes the state’s more comprehensive CAFR report on state finances.