“ ... the Keel audit showed that all relied on self-reporting from the businesses themselves that they made the capital investments and created the jobs that they promised under the tax break agreements. ... After the deal is struck, however, the question becomes whether compliance is carefully monitored. A common misconception by free-market zealots is that businesses will police themselves to prevent any fraud and abuse of funds. The anti-government forces may cringe at the notion of government oversight but we know that not all people are honest in a competitive market and the need to show shareholders a profit, cutting corners and deceit are too often an art form. Let’s hope State Auditor John Keel remains focused in his mission
Posted on: Tue, 02 Dec 2014 12:23:11 +0000
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