Posts Tagged Tax Expenditure Budgets

For many years, we at Good Jobs First have criticized GASB—the Governmental Accounting Standards Board, or “GAZ-bee”— for failing to require state and local governments to disclose economic development subsidy spending in a uniform way.

It appears that’s finally about to change, and if it does, it will be hard to overstate the significance of the news.

[caption id="attachment_1877" align="alignright" width="300" caption="The CBPP map shows states that do not have tax expenditure reporting (in red) and states that do not include important information in their reports (in orange)."]

A guest blog post by Jon Bartholomew of OSPIRG

This week New York City leapt to the front of the transparency pack with reforms to its Industrial Development Agency (IDA) that will improve taxpayer awareness of and participation in proposed economic development deals.