Wednesday, December 8, 2010

We're below average

Posted By on Wed, Dec 8, 2010 at 5:29 PM

A new report put out by the Colorado Fiscal Policy Institute awarded the state of Colorado a big fat D+ for its disclosure of the recipients of tax subsidies.

Colorado grants tens of millions of dollars in tax subsidies annually but provides only minimal information to taxpayers about who receives the support.

...

Colorado's Enterprise Zone Program, for example, which designates areas where companies may qualify for up to nine different tax credits and other abatements/exemptions, cost state taxpayers $46.7 million in 2008, but it provided no disclosure of who received the subsidies. Other programs, such as the Job Creation Performance Incentive Fund, which cost $6.1 million in Fiscal Year 2009, had higher degrees of disclosure.

At least our D+ put us ahead of the 13 states, and the District of Columbia, that got an F. You can read more about our dismal performance here.

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