Budget

News Release | ConnPIRG Education Fund | Budget, Tax

Government Agencies Allow Corporations to Write Off Billions in Federal Settlement Payments

A new study by ConnPIRG Education Fund analyzes which federal agencies allow companies to write off out-of-court settlements as tax deductions and which agencies are transparent about these deals. The study found that five of the largest government agencies that sign settlement agreements with corporations rarely specify the tax status of the resulting payments. Billions of dollars are allowed to be written off as cost of doing business tax deductions. Additionally, the report found that major government agencies do not consistently disclose the details of corporate settlement agreements.

Report | ConnPIRG Education Fund | Budget, Tax

Settling for a Lack of Accountability?

When large companies harm the public through fraud, financial scams, chemical spills, dangerous products or other misdeeds, they almost never just pay a fine or penalty, as ordinary people would. Instead, these companies negotiate out-of-court settlements that resolve the charges in return for stipulated payments or promised remedies. These agreements, made on behalf of the American people, are not subject to any transparency standards and companies often write them off as tax deductions claimed as necessary and ordinary costs of doing business.

News Release | ConnPIRG | Budget, Tax

Deepwater Horizon Settlement Comes with $5.35 Billion Tax Windfall

A proposed $20.8 billion out-of-court settlement with BP to resolve charges related to the Gulf Oil spill allows the corporation to write off $15.3 billion of the total payment as an ordinary cost of doing business tax deduction.

Report | ConnPIRG Education Fund | Budget

Following the Money 2015

Every year, state governments spend hundreds of billions of dollars through contracts for goods and services, subsidies to encourage economic development, and other expenditures. Accountability and public scrutiny are necessary to ensure that the public can trust that state funds are spent as well as possible.

News Release | ConnPIRG Education Fund | Budget

Malloy Administration Executive Orders are a “strong start” on Connecticut Transparency, though More Work Remains

An examination of the content and implementation of two executive orders issued by Governor Malloy intended to increase government transparency

Report | ConnPIRG Education Fund | Budget

Revealing Tax Subsidies and CT Open Data

An examination of the content and implementation of two executive orders issued by Governor Malloy intended to increase government transparency

Media Hit | Budget

Report: Connecticut’s Fiscal Transparency Improves

Connecticut earns a “B” for transparency in government spending, according to an annual report card grading the 50 states in online access to data on where taxpayer dollars are spent.

News Release | ConnPIRG Education Fund | Budget

New Report: Connecticut Receives a “B” in Annual Report on Transparency of Government Spending

Connecticut received a B when it comes to government spending transparency, according to “Following the Money 2014: How the 50 States Rate in Providing Online Access to Government Spending Data,” the fifth annual report of its kind by the ConnPIRG Education Fund. 

Report | ConnPIRG Education Fund | Budget

Following the Money 2014

Every year, state governments spend tens of billions of dollars through contracts for goods and services, subsidies to encourage economic development, and other expenditures. Accountability and public scrutiny are necessary to ensure that the public can trust that state funds are well spent. 

Media Hit | Budget

Malloy orders data dump

Abe Scarr, director of ConnPIRG (Public Information Research Group) Education Fund, a non-profit that advocates for greater public information, said the initiative would help Connecticut rejoin the ranks of America’s most governmentally transparent states.

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