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Subsidies cost schools at least $1.8 billion last year

December 5, 2018

“A new report from Good Jobs First finds that public schools across the country lost at least $1.8 billion last year as a result of economic development tax incentives granted to corporations. The study analyzes the financial reports of 5,600 of the nation’s 13,500 independent public school districts. The report … was enabled by a new accounting standard adopted by the Governmental Accounting Standards Board (GASB), the body that sets accounting rules followed by all states and most localities.”

Read the full article on: Common Dreams

 
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