Dan Walters: It's time for a hard look at California tax dodges - Sacramento Politics - California Politics Sacramento Bee:
"Last June, the Public Policy Institute of California released a highly critical report on California's 'enterprise zone' program that provides big tax breaks to businesses for supposedly hiring workers in areas of high unemployment.
PPIC's study of the 42 zones, which are created by local governments with approval from the state Department of Housing and Community Development, concluded that state and local governments were losing about a half-billion dollars in revenue each year without any discernible impact on joblessness.
'The state can ill-afford to continue the to continue the enterprise zone program without clearer evidence of its benefits or a well-defined plan to make it more effective," said Jed Kolko, co-author of the PPIC study. "
"Last June, the Public Policy Institute of California released a highly critical report on California's 'enterprise zone' program that provides big tax breaks to businesses for supposedly hiring workers in areas of high unemployment.
PPIC's study of the 42 zones, which are created by local governments with approval from the state Department of Housing and Community Development, concluded that state and local governments were losing about a half-billion dollars in revenue each year without any discernible impact on joblessness.
'The state can ill-afford to continue the to continue the enterprise zone program without clearer evidence of its benefits or a well-defined plan to make it more effective," said Jed Kolko, co-author of the PPIC study. "