Economic incentive packages may be bad public policy because they give benefits to new companies at the expense of existing companies and residents.
A railcar company manufacturing facility in Illinois, which receives millions of dollars in economic incentives, is closing. Nippon Sharyo will close its plant in Rochelle at the end of the month.
“The plant opened in 2012 after Illinois officials offered Nippon Sharyo an incentive package worth more than $4.7 million, including training funds, grants, and corporate tax credits,” the Alton Daily News reports. “Additionally, the Illinois Department of Transportation spent $5.5 million to build a rail spur to the new factory. State Rep. Tom Demmer, R-Dixon, says it’s not the ending anyone wanted… Demmer says there is no mechanism in place for the state to attempt to recover any of the tax credits or grants awarded to the company.”
The secret to having good performing schools is to have a strong local economy for all people! The following chart shows correlation if not causation!
Here are the percentages of economically disadvantaged in schools earning each grade:
The data source is @Holla_Man and TEA Accountability
A newly published paper by The Hon. Charles McConnell, Executive Director
Energy and Environment Initiative at Rice University illuminates several issues with wind generated energy.
Key Points
• The Texas electricity market and
its experiment with wind offer a
real-life, cautionary tale on the
real effects of relying on renewable
energy.
• When Texas needs electricity
the most, wind proves most of
the time to be a “no-show” while
fossil fuels keep on powering the
state.
• Large subsidies spread across
Texan and American taxpayers
hide the true cost of wind energy
to ratepayers.
• Because renewable energy is
essentially driven by subsidies,
it is quickly destroying the competitive
marketplace for energy
in Texas by creating negative
pricing, hence discouraging
investment in new gas-fired
capacity.
• ERCOT now predicts a reserve
margin possibly dropping close
to or below its preferred level,
creating risks of increased price
volatility and rolling outages and
brownouts.
100% Renewable Isn't Doable
The Texas Public Policy Foundation (TPPF) is hosting a community event to discuss the question: Is Georgetown really powered by 100% renewable energy? There will be a panel of experts, a presentation of solutions, and an audience question and answer period. The event is free and will be at the Georgetown Library on Wednesday, August 15 at 7pm.
To RSVP and see event details for Georgetown, view our Eventbrite here:
https://www.eventbrite.com/e/100-renewable-isnt-doable-tickets-48344098500
