2013 CPEO Brownfields List Archive

From: Lenny Siegel <lsiegel@cpeo.org>
Date: Wed, 19 Jun 2013 09:04:19 -0700 (PDT)
Reply: cpeo-brownfields
Subject: [CPEO-BIF] "Missouri is drunk on tax credits"
 
Editorial: Missouri is drunk on tax credits. Who will take the bottle away?

By the Editorial Board
St. Louis Post-Dispatch (MO)
June 18, 2013


Here's how former Missouri Sen. Matt Bartle, R-Lee's Summit, once described the state’s love affair with tax credits as an economic development tool:

"We have become drunk on tax credits," Mr. Bartle said. "Absolutely drunk. The tax credits are eventually going to squeeze the middle class taxpayer so extraordinarily."

...

In an interview, Mr. Hastie conceded that requiring some sort of outside party to certify projects would be a reasonable reform to the brownfield tax credit program.

We'd go even further.

No government funding for million-dollar redevelopment work should ever be awarded without an open, competitive bidding process that protects taxpayers.

...

For the entire editorial, see
http://www.stltoday.com/news/opinion/columns/the-platform/editorial- missouri-is-drunk-on-tax-credits-who-will-take/ article_90370311-0f6e-55a4-8482-662ba198f1a3.html

You may need to copy and paste the link.

--

Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org

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