Abatements Tighten as Cities Enforce Promises
Chicago area and other communities tighten oversight on tax abatements with clawback provisions. Firms failing to meet job creation targets face higher taxes or penalties while new deals demand clear hiring promises. Officials cite rising public scrutiny and economic strain driving tougher enforcement.
MENTIONED IN THIS ARTICLE
Brendon Gallagher
DeKalb
Target Corp
Target
United States
Local Leaders Worried Over Perceptions Of Corporate Welfare
Texas officials note rising clawbacks amid growing concerns about corporate welfare. Local leaders fear public backlash as municipalities struggle with tax incentives and recovery of subsidies, shaping policy debates across the state.
MENTIONED IN THIS ARTICLE
God Jobs First
Geof McKimm
Monroe
Indiana
Mexico
Amy Gerstman
Texas
Texas Enterprise Fund
Illinois
California Budget Woes Deepen in 2010 Ugly Ahead
California faces a looming 21 billion shortfall over 18 months as education enrollments rise and welfare, health care, and AIDS prevention programs face cuts. Governor Schwarzenegger nears end of tenure amid partisan standoff on taxes, while stimulus funding ends and lawsuits widen deficits.
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Sacramento
Calif
Arnold Schwarzenegger
California
Ted Lieu
Ernor
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