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Louisiana spends at least $1.79 billion per year on incentives to companies, newspaper reports
Source:
nola.com
- Dec 5, 2012
By Richard Thompson, NOLA.com | The Times-Picayune
Louisiana spends at least $1.79 billion per year -- about 21 cents for every dollar in the state budget -- on tax breaks and other incentives to companies, a slice of the more than $80 billion that states and municipalities award annually, The New York Times reported Sunday. LIT EDIT: read NY Times story here: http://www.nytimes.com/2012/12/02/us/how-local-taxpayers-bankroll-corporations.html?_r=0)
In Louisiana, that breaks down to $394 per person, according to the newspaper, which reviewed more than 150,000 incentives and compiled the data into a searchable database. Overall, Texas topped the list, awarding more than $19 billion in incentives each year.
READ MORE:
http://www.nola.com/business/index.ssf/2012/12/louisiana_spends_at_least_179.html#incart_river
Category: Louisiana
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