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What legislators pleading low revenues seldom admit is that their dilemma is largely self-inflicted. Revenues given away are revenues that cannot be used to invest in schools.
These figures raise serious questions about the need for state help to cover what may be normal expenses for these large, profitable companies.
“Is it a better use of taxpayers’ money to send millions in checks to profitable companies to do research they would do anyway, or to make sure schools can hire enough teachers next fall?”
The path to advancements in education, economic stability and environmental stewardship — as well as other critical areas where strong public policy and institutions are necessary — rests on strong, strategic investments.
Iowa continues to give a lot of money to companies that aren’t paying income tax.
It is critical to establish a credible way to estimate economic activity produced by any economic development program — and the degree to which the activity would have occurred anyway.