Reform Needed for Job Subsidies, Ensuring Big Business Pays Fair Share | Print |  E-mail
December 2011

Current laws and practices of Florida's economic development agencies prevent taxpayers and even the legislature from knowing whether the state gets its money's worth from job subsidies and tax breaks.

Economic development subsidies escape the kind of accountability that the legislature requires of public schools and social safety net programs. To establish accountability and transparency, the legislature could adopt reforms to increase confidence in the expenditure of limited tax dollars.

Furthermore, state laws that extend a variety of special tax benefits to some businesses, but not all, undermine the fairness of the state's tax structure. They also reduce revenue that could be used to meet critical needs like education and health care. Those defects could be remedied by adopting additional reforms recommended in this FCFEP report.

> Read the report.