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The Cautionary Tale Next Door

The Cautionary Tale Next Door

Jan 29, 2012

The state of Illinois recently encountered some bad news. Moody’s downgraded Illinois’s credit rating from A2 to A1, the lowest...

Will The Missouri House Ever Learn On Tax Credits?

Will The Missouri House Ever Learn On Tax Credits?

Jan 26, 2012

Legislators can rename their new tax credit programs if they want, but it is utterly absurd to suggest that a...

Truth in Tax Credit Advertising?

Truth in Tax Credit Advertising?

Nov 22, 2011

The St. Louis Business Journal reported that Post Holdings Inc. (the cereal company) would get millions in state and local...

Witches, Economic Development Promises, and Baseball

Witches, Economic Development Promises, and Baseball

Oct 12, 2011

I had no idea that there were so many witches in Romania. Or that European politicians (including French President Nicolas...

A Reminder: Tax Credits Are Not Free Money

A Reminder: Tax Credits Are Not Free Money

Sep 6, 2011

First, a picture: Click picture to see Patrick Ishmael’s recent post on the DED and tax credits. Every dot represents...

Aerotropolis Kingmaker “Fix” Isn’t Much of One

Aerotropolis Kingmaker “Fix” Isn’t Much of One

Aug 3, 2011

I’ve pointed out that the so-called “Aerotropolis” legislation could result in the Mayor of Saint Louis and area county executives...

Excellent Op-Ed About Corporate Welfare in the Kansas City Business Journal

Excellent Op-Ed About Corporate Welfare in the Kansas City Business Journal

Jun 13, 2011

Friday’s Kansas City Business Journal had a terrific piece about the problems with corporate welfare and economic development in Missouri,...

DED Awards $8 Million in Tax Credits to Developer Ruled Ineligible by Courts

DED Awards $8 Million in Tax Credits to Developer Ruled Ineligible by Courts

Jan 21, 2011

In 2010, it appeared that the Missouri Department of Economic Development (DED) could sink no further. After all, the agency...

“Wha’eva, I Do What I Want”: The DED Goes Off the Reservation

“Wha’eva, I Do What I Want”: The DED Goes Off the Reservation

Jan 7, 2011

I thought that the Missouri Department of Economic Development (DED) could sink no further. After all, the agency recently awarded...

Real Estate Development With Public Dollars Provides No Demonstrable Net Benefit

Real Estate Development With Public Dollars Provides No Demonstrable Net Benefit

Nov 2, 2010

Missouri’s Fifth Senate District — which includes downtown St. Louis — was the recipient of nearly $1 billion in state...

Tax Credits Are an Undesirable Strategy for Missouri

Tax Credits Are an Undesirable Strategy for Missouri

Jun 18, 2010

There was some classic rent-seeking behavior in the editorial section of the Post-Dispatch yesterday: An architect touts historic preservation tax...

The Necessity of Art

The Necessity of Art

Feb 11, 2010

Even in the midst of a huge budgetary crisis, it’s nice to see that Missouri taxpayers will continue to support...

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