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By Patrick Tuohey and David Stokes
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Friday, May 17, 2013 |
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Lee's Summit is about to embark on an economic development scheme that has no demonstrated benefit and is likely aimed at solving a problem that no longer exists.
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By David Stokes
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Tuesday, March 12, 2013 |
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Ray County is enacting a series of Enhanced Enterprise Zones within the county. There is no evidence that these zones will help the county’s economic growth.
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By David Stokes
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Thursday, January 24, 2013 |
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Callaway County is considering implementing an Enhanced Enterprise Zone; this would be a poor decision for the county.
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By Michael Rathbone
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Friday, November 16, 2012 |
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Given the revenue shortfall, the state must re-examine its spending priorities, and spending money on the Missouri Agricultural and Small Business Development Authority is not a high priority.
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By Michael Rathbone
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Monday, October 15, 2012 |
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Subsidies to Ballpark Village and other big-city sports complexes are a gift to some of our wealthiest citizens — sports team owners — that provide little or no broader economic benefit.
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By Joseph Haslag
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Tuesday, August 07, 2012 |
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Do EEZs, or Enhanced Enterprise Zones, work? The short answer to that question is “No.”
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By David Stokes
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Tuesday, June 26, 2012 |
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Comments on the potential for TIF in Columbia, Missouri.
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By David Stokes
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Friday, April 27, 2012 |
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Columbia city officials have taken a major step toward heavier use of taxpayer subsidies, which already have been proven to fail in Saint Louis and Kansas City.
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By David Stokes
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Friday, April 20, 2012 |
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While the intent of Tax Increment Financing is to promote development and spur the economy in blighted areas, in reality, it favors the politically-connected and diverts funding from certain taxing entities.
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By David Stokes
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Tuesday, March 06, 2012 |
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Tax Increment Financing has failed as an engine of economic growth. The Saint Louis County TIF commission and the city of Ellisville should reject the proposed TIF for the southwest quadrant of Clarkson and Manchester Roads.
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By Michael Rathbone
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Monday, December 12, 2011 |
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Given the revenue shortfall, the state must re-examine its spending priorities, and spending money on the Missouri Agricultural and Small Business Development Authority is not a high priority.
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By Andrew B. Wilson
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Tuesday, October 25, 2011 |
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The China hub had a big
credibility problem. No one —
even the supporters — seemed
to believe the extravagant
promises made on its behalf.
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By Andrew B. Wilson
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Tuesday, September 20, 2011 |
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There is no justification for handouts for the proposed air cargo hub at Lambert. Tax credits and other subsidies do not support the public good in any clear or identifiable way.
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By Andrew B. Wilson
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Tuesday, September 06, 2011 |
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Taxpayers, beware! The
call will go out this week
for “bold” and
“innovative” job creation
schemes at both the state
and national level.
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By Crosby Kemper III
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Friday, September 02, 2011 |
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Don’t be fooled by promises of amazing returns made by supporters of the Aerotropolis legislation. The underlying economics is not there. So why have a number of self-described conservatives rushed to support a misuse of taxpayers’ money? The author calls it a “complete abandonment of principle.”
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By Andrew B. Wilson
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Friday, September 02, 2011 |
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Supporters are calling for fast action - knowing that the economic case behind the Aerotropolis legislation does not survive close scrutiny.
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By Audrey Spalding
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Friday, September 02, 2011 |
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The economic merits of the Aerotropolis tax credits are highly questionable, but if the legislature insists on enacting them, it should not allow that money to be controlled by political figures.
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By Andrew B. Wilson and Patrick Ishmael
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Friday, September 02, 2011 |
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More than a decade ago, Lambert-St. Louis International Airport rolled the dice on an ill-advised gamble on future growth that wasn’t there. Let’s hope it’s not about to repeat the same mistake.
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By Andrew B. Wilson
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Monday, August 29, 2011 |
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Politicians often tout the wide variety of schemes intended to promote job creation and economic development. To think in this way, however, is to engage in single-entry bookkeeping — counting jobs gained but ignoring jobs lost because of higher taxes or increased public indebtedness. Government job creation efforts do more harm than good.
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By Audrey Spalding and Patrick Ishmael
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Monday, August 29, 2011 |
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If the director of the airport did indeed help introduce the “Aerotropolis” bill, there are serious questions she needs to answer. It is disheartening that the executive director of an airport would be concerned with making sure that only a few politically powerful individuals and businesses would be eligible for hundreds of millions in state tax money.
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