In Chicago, for example, we already have a glimpse into the unsavory relationship betweentax subsidies and school finance. Last year, one subsidy program alone cost public services $461 million. Meanwhile, the city’s schools are facing a budget that is $140 million less than they had last year.
Scott Klinger is the GASB 77 Activation Coordinator at Good Jobs First. To learn more about the GASB 77 disclosures coming next year, visit www.goodjobsfirst.org/gasb.