As states and localities finally start to disclose how much revenue they lose to corporate welfare (thanks to GASB Statement 77*), we continue to see laggards and leaders.
By Mark Niesse, The Atlanta Journal-Constitution
Over the objection of a school system that insisted children would pay the price, economic development officials last year granted tax breaks worth more than $250 million to a company that wants to transform an old General Motors site in Doraville into a mix of offices, retail and housing.
In Atlanta, UPS, the world’s largest package delivery company, also was negotiating $28 million in tax breaks for a new logistics facility that will employ 1,000 low-paid workers.
States are following different scripts on the contentious issue of film subsidies. Michigan, Florida, Louisiana and Massachusetts are cutting back while Georgia continues to deal out major incentives to the industry.