Economic development tax abatements given to corporations cost public school districts over $2.37 billion in foregone revenue in fiscal year 2019. That’s an increase of 13 percent – a $273 million jump – from just two years earlier and came during the pre-pandemic period of economic prosperity, a new report details. The losses were widespread: 97 school districts lost more than $5 million each, and 149 districts lost more than $1,000 per student. That left less money for students, who suffered poorer schools, and caused working families to pay higher local and state taxes.
Good Jobs First, of the United States, and the Transparency Task Force, of the United Kingdom, today announced that funding has been secured for the construction of Violation Tracker U.K., a comprehensive database on corporate misconduct modeled on Violation Tracker, the U.S. database launched by Good Jobs First in 2015.
There are striking differences in the way state regulatory agencies enforce laws meant to protect the environment, reveals a new report based on an unprecedented compilation of data from 104 government bodies.
The just-passed $1.9 trillion American Rescue Plan offers exciting provisions to rein in corporate subsidies! Plus: CARES Act updates and we talk transparency during this sunny #SunshineWeek.