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December 9, 2010

Maryland gets a D+ in corporate-welfare disclosure

Good Jobs First, which has been tracking and inveighing against dumb corporate welfare since the 1990s, has a new report on how well states disclose the details of economic development subsidies. If states are going to create a double-standard taxation system -- one for the suckers who pay sticker price, another for the companies that can wheedle tax discounts and subsidies out of the pols -- the least states can do is disclose what they're doing. Most of them don't. At least not very well.

Maryland did poorly, getting a D+, but that's not unusual. (Good Jobs First graded on a kind of reverse curve, refusing to give credit for subpar performance.) For example, Maryland has no online portal to disclose recipients of Enterprise Zone tax credits, the report said. However, Maryland did disclose details of financing made through its Maryland Economic Development Assistance Authority Fund, the report said.

Maryland does a much poorer job disclosing details of economic development incentives than it did disclosing details of stimulus spending, said Greg LeRoy, executive director of Good Jobs First, a nonprofit based in Washington.

"Despite winning both of our recovery act competitions, reporting on federal money, Maryland is very much in the middle of the pack when it comes to reporting on its own money," LeRoy said.


Posted by Jay Hancock at 6:00 AM | | Comments (1)
Categories: Corporate welfare
        

Comments

Here here! (Hear hear?)

We (the Maryland Public Policy Institute) actually just held a small conference on government transparency yesterday in Annapolis. Speakers included Del. Warren Miller and Heather Mizeur, both of whom are champions of transparency legislation.

The thing about transparency that should help our D+ situation is that this is a bi-partisan issue. Who wouldn't want the facts?

I will be writing a brief blog post about it for our policy blog this afternoon. It won't be a full write-up of the event by any stretch, but we hope to put one of those together soon enough, along with photos and notes put together from all the speakers/groups involved.

Here's the details on the event:
http://mdpolicy.org/events/page/transparency-transcends-political-boundaries

And our blog, in case anyone wants to check it out (look for my post later this afternoon):
http://mdpolicy.org/policyblog/

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About Jay Hancock
Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Tuesdays and Sundays.
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