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INN Friends Present: Covering Corporate Welfare: New Rule, New Tools, Loads of Data
February 22, 2017 @ 1:00 pm - 2:00 pm EST
Putting a Price Tag on Economic Development Subsidies
Good Jobs First, a non-profit source to many investigative reporters on the jobs beat, has two powerful databases up and running and a third launching this spring that collectively will reshape reporting on "corporate welfare".
A new government accounting rule will soon enable journalists to finally put a price tag on corporate welfare. Between April 2017 and early 2018, more than 50,000 local and state government bodies will disclose tens of billions of dollars in corporate tax breaks for economic development. The spending has never been reported before, but must be now, pursuant to Government Accounting Standards Board Statement No. 77 on Tax Abatement Disclosures.
Join us to learn:
- The expected timetable of data releases
- Where to find the data, and how it will or won’t be compiled by states
- Possible ways to use the data in reporting on local government finance
- How the data may figure into expected debates over funding for education and other public services