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“Local and state tax incentives are much less visible because they do not constitute a direct charge to local budgets and are often paid for by future generations through municipal debt. This relative invisibility makes it much less probable that the local political process can be counted on to prevent bad incentive deals.” — Richard Schragger
Local and state tax incentives are much less visible because they do not constitute a direct charge to local budgets and are often paid for by future generations through municipal debt. This relative invisibility makes it much less probable that the local political process can be counted on to prevent bad incentive deals.