Missouri Auditor Calls for More Tracking of Tax Breaks
From The Associated Press: Missouri Auditor Nicole Galloway on Wednesday said the state doesn’t do a good job of tracking the impact of tax breaks that sometimes are pitched as a way to spur the...
View ArticleTax Breaks to Boost Development Cost St. Louis $17M Last Year
From St. Louis Post-Dispatch: For the first time, the city of St. Louis annual financial report quantifies the value of property tax breaks designed to stimulate development, tallying up nearly $17...
View ArticleUnion Station Aquarium Project to Receive Sales Tax Break
From St. Louis Post-Dispatch: The ambitious project to turn Union Station into an aquarium and entertainment destination will receive a sales tax exemption on construction materials likely to be...
View ArticleEconomic Incentives Fuel Industrial Development in St. Louis Market
From REBusiness: It has been a banner year thus far for the St. Louis industrial market with yet another milestone achieved. Mid-year absorption totaled 2.5 million square feet of space, a number more...
View ArticleTax Breaks for Luxury Towers Spur Redevelopment, and Backlash
From NY Times: Twenty years ago, it was unimaginable that a new residential high-rise would ever adorn the modest skyline of downtown Kansas City, Mo. But in the last three years, two luxury apartment...
View ArticleWhy Mayors Keep Trying to Woo Business With Tax Breaks
From CityLab: We at CityLab have written quite a lot about Amazon’s HQ2 and the use (or abuse) of taxpayer-funded incentives to lure large corporations. The reality is that corporations make location...
View ArticleCounty Takes First Steps in Approving $155M in Tax Breaks for Boeing
From KMOV: The St. Louis County Council took the first steps on Tuesday in advancing a massive economic development project that includes huge tax breaks to Boeing. Boeing is seeking to invest $1.8...
View ArticleTax Breaks Developers ‘Disproportionately’ Harm Black and Poor Students
From St. Louis Post-Dispatch: The city is a national outlier for awarding tax breaks to developers, amounting to a loss of $1,634 per student per year in St. Louis Public Schools, according to a...
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