All reports by date
Economic benefits would result — perhaps more — if the penny sales tax dedicated to school infrastructure spending were not diverted, as the Governor proposes, to other purposes.
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?”
“Too often, we see public officials relying on these rankings and the policy prescriptions they promote, when in fact the rankings have no predictive value for economic growth,” said Fisher.
The big winners would be those with the highest incomes.
The Battelle Report raises only the business perspective on economic development. More Iowans need an invitation to the table.
Iowa families took a couple of important steps forward in the 2014 legislative session, but those steps paled in comparison to lawmakers’ refusal to address long-term funding challenges for critical services.
Designed to support start-up companies to do research, this costly program primarily benefits very large companies, with little scrutiny.
Public investments require public funding. And therein lies the rub. A continual diet of tax cuts deprives state and local governments of the ability to adequately fund public services.
Iowa lawmakers must recognize the long-term impact of tax cuts on spending choices. Past choices will force future legislatures to lower investments on critical services on which economic growth depends.