In most cases, corporate tax incentives left states in a worse financial position than they were originally. that is the result of a study recently published by Public Administration Review.
The study examined the association between financial incentives and fiscal health in 32 states, including Connecticut. Bruce McDonald, one of the authors, said the peer-reviewed study looked at how incentives have affected the government’s financial health and ability to continue to provide services.
While the study was published before Connecticut passed laws granting data centers long-term tax breaks, these types of tax incentives were part of the investigation.
Adam Chiara is an Assistant Professor of Communication at the University of Hartford and a multimedia storyteller.
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