Ohio’s Capital Budget Riddled with Incentives, Pork Projects

Working late into the night this week, the Ohio General Assembly passed its traditional capital budget, spending billions on statewide initiatives, business and industry incentives and pet projects for lawmakers.

House Bill 687 included money for state parks and the incentives for Intel’s planned $20 billion investment in two chip-making plants in central Ohio. Gov. Mike DeWine called the bill an historic investment.

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Tennessee Loses Money Spending $17,500 Per Job to Lure 1,000 AllianceBernstein Employees to Nashville from New York City

Tennessee Capital building

A $17.5 million tax incentive from the state of Tennessee to lure 1,000 jobs to Nashville–$17,500 per job—came at the expense of taxpayers to lure well-paid corporate executives when they already were drawn to the state’s other features like a favorable tax structure, experts say. The Tennessee Department of Economic…

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