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A new analysis released today from Good Jobs First finds that state and local governments are losing tax revenue to data center subsidies at an unprecedented rate, with costs rising sharply in states that disclose the value of their tax breaks and many others still failing to report the losses at all. Transparency also remains a large issue: 14 states with data center tax exemptions still do not publish comprehensive annual revenue-loss figures, making it difficult for lawmakers and taxpayers to understand the true cost of the incentives.* [In short, taxpayer’s pockets are being picked by wealthy firms and special interests. While local programs such as school or library budgets are potentially hurt. Homeowner property taxes could rise drastically the over the shortfalls. – AutoCrat] Continue reading →