Good Jobs First- Putting Pension Costs in Context: How Corporate Tax Breaks are Diverting State Revenue Needed for Public Employees Retirement

Part I

The first part of this report looks at six states that are simultaneously in danger of not being able to pay public employees’ pensions and giving out massive corporate tax breaks.

Press Release

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$3 billion was spent on corporate subsidies and tax breaks in Arizona, Connecticut, Kansas, Kentucky, Oklahoma, and Wyoming during FY 2018.

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About two-thirds of that amount would have covered the states’ pension system contributions. Curbing corporate welfare can make a substantial difference in relieving the pressure on state budgets and supporting retirement security for millions of public employees.

ARIZONA :: CONNECTICUT :: KANSAS :: KENTUCKY :: OKLAHOMA :: WYOMING

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Part II

The second part of this report looks at seven states that are putting corporate welfare before pension security for public employees.

Press Release

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$7 billion was spent on corporate subsidies and tax breaks in Colorado, Georgia, Louisiana, Missouri, South Carolina, Texas, and Vermont in FY2018/2019.

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Less than half of that amount would have covered the states’ pension system contributions.

_{COLORADO :: GEORGIA :: LOUISIANA :: MISSOURI ::} 

_{SOUTH CAROLINA :: TEXAS :: VERMONT}

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