Tax Expenditure Budgets

GASB Finally Prepares to Step Up! And Who is GASB, You Ask?

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.

States Shine More Light on Tax Spending

[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)."]

New York City Industrial Development Agency Establishes Landmark Transparency Reforms

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.

Naming Tax Credit Names

Corporate lobbyists have long blown a fog of fear, disinformation and confusion about public disclosure of corporate income tax credits.

It’s time to clear the air.

Tax Expenditure Reporting - An Essential Policy Tool

According to a new report by the Center for Budget and Policy Priorities, nine states are leaving lawmakers in the dark by failing to publish any sort of tax expenditure report. This group includes: Alabama, Alaska, Georgia, Indiana, Nevada, New Jersey, New Mexico, South Dakota, and Wyoming.

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.