The New Math on School Finance:
Adding Up the First-Ever Disclosure of Corporate Tax Abatements’ Cost to Public Education
Public schools across the country lost at least $1 .8 billion last year as a result of economic development tax incentives granted to corporations. School districts in ten states, led by South Carolina, New York and Louisiana, collectively lost $1.6 billion. If this money were instead reinvested in hiring new teachers and reducing class size, these ten states alone could add more than 28,000 teachers.