Biggest Transparency Story 2015 Part II: NY Groups Call for National Tax Subsidy Transparency
The Biggest Transparency Story of 2015 got started early today when Reinvent Albany and twelve New York public interest groups and labor unions submitted formal comments to the authoritative Government Accounting Standards Board (GASB) asking it to make its proposed new standards for disclosing business tax subsidies as strong as possible. New York State, New York City and other local governments spend billions of dollars a year on business tax subsidies or “tax abatements.”