Financial Crisis

SunCal Shines No Light on New Mexico Lobbying Expenditures

tidd-abq-outlineAlthough SunCal has spent huge sums of cash attempting to influence New Mexico’s residents and state legi

Public Money for Banks is Déjà Vu in NYC

bailoutcover1At a time when the federal government is promising to make its bank bailout

Cooper Tire’s Novel Approach to Subsidy Competition: Pay to Survive

In a grim variation of the subsidy game that may become more common in a tanking economy, Cooper Tire last month successfully squeezed over $66 million in subsidies for plants in three states, pushed down union wages and benefits, and eliminated one plant altogether.

Advice to Obama: How to Make the Recovery Plan Accountable and Strategic

To: President-Elect Barack Obama
From: Greg LeRoy, Good Jobs First ~ 1/8/09
Re: The American Recovery and Reinvestment Plan

RAD-ical TIF Deregulation a Cause for Concern in NJ

or any city services, for that matter...New Jersey’s Revenue Allocation Districts (RADs—the Garden State’s version of tax increment financing) may soon undergo severe deregulation.

Kansas City Forced to Bail Out TIF Districts

piggybank_sm11In Kansas City, subsidized development projects designed to pay their own way with “guaranteed” revenue streams are requiring local government bailouts and cash advances to stay afloat.

Starting Up Stalled State Economies: Experts Give Some Do’s and Don’ts

With the election of a new president, officials in many states are hoping a renewed federal/state partnership will jumpstart the troubled economy. Until the new president takes office, however, falling revenues have prompted some states to take actions that are counter-productive rather than counter-cyclical.