Recently I became concerned with our country budgeting process and its possible abuse by county commissioners. In this case the county was planning to buy a shopping mall and lease it at an aggressive rate to encourage a grocery store to move in. There were some obvious questions why was the county jumping into the commercial real estate market and how was this project going to be good for the county. It was obvious that some friends of the county commissioners were going to benefit. Most of the problems centered around Tax Increment Financing(TIF) and whether the only beneficiaries of the project will be the friends of county commissioners. Improved transparency is a possible solution.
TRANSPARENCY: School District Puts Checkbook Online.
TRANSPARENCY: School District Puts Checkbook Online
Sat, 08 Jan 2011 15:25:45 GMT