This fact sheet describes the more than $275 million economic development package that the state of Massachusetts and City of Boston offered to General Electric to influence its relocation from Fairfield, Connecticut to Boston in 2016.
States invest in three areas to encourage job and wage growth: the marketplace, the workforce, and the community. Marketplace investment includes general business support and finance assistance, small-business procurement programs, and tax incentives. Workforce programs develop and train the...
This year, Congress will consider what may be the biggest tax bill in decades. This is one of a series of briefs the Tax Policy Center has prepared to help people follow the debate. Each focuses on a key tax policy issue that Congress and the Trump administration may address. This brief looks at...
Governments are starting to use taxes to discourage consumption of sugary drinks. Those taxes typically scale with drink volume. But sugar content varies widely. This report analyses the potential benefits and costs of scaling these taxes to sugar content. Taxes based on sugar content reduce...
Every year, the Urban Institute produces hundreds of reports, briefs, webcasts, and blog posts. In this publication, Urban’s State and Local Finance Initiative brings together the latest evidence-based research, data, and solutions with direct relevance for analysts crafting and deliberating...
States spend billions of dollars every year on economic development activities that range from recruiting new businesses to helping local businesses expand. At the heart of each state’s economic development strategy is an agency, department, or government-supported nonprofit that coordinates the...
As states prepare to debate their fiscal year 2018 budgets, many continue to face tough fiscal outlooks. About half failed to meet revenue targets last...
Carrier Corporation, which makes heating and cooling equipment, announced in February that it was moving facilities to Mexico where labor costs are significantly lower than...
For all the talk of political gridlock, it is amazing how quickly a state legislature can act when $1 billion in unexpected corporate tax refunds are...
Last Tuesday, voters in several states approved modest tax hikes. Increasingly, states are using ballot measures to determine whether to support new taxes. Some of...
The latest edition of the Tax Policy Center’s State and Local Finance Initiative ’s State Economic Monitor finds that revenue growth is accelerating in most...
Kansas Governor Sam Brownback (R) and the GOP-controlled legislature are struggling to accomplish two goals: They want to repeal the state income tax but need...
How many tax bills introduced have bipartisan support in today’s hyper-partisan Congress? Not very many but last week identical bills were introduced in the House...
As Congress and President Obama continue to spar over how to avoid the looming fiscal cliff, most public attention has been focused on what tumbling...
