economic development records Archives - Page 3 of 4 - Tennessee Coalition for Open Government

7 Aug, 2015

New accounting standard to require governments to disclose cost of tax breaks

By Deborah Fisher|2020-11-19T12:24:13-06:00August 7, 2015|Categories: economic development|Tags: Chattanooga, economic development, economic development records, Helen Burns Sharp, Memphis, PILOTS, Shelby County|0 Comments

The Governmental Accounting Standards Board approved a new rule on Monday that requires governments to include in financial statements the value of tax abatements given to companies to spur economic development starting next year. "The results of external research ... suggest that tax abatements are an issue of concern among citizen groups, county board members, and municipal bond analysts, and that each group desires to receive information about the level of abatement activity and the results of the abatement programs," according to GASB. "However, the researchers found relatively few states (six) with statutes requiring any level of external reporting after tax abatements are granted. These findings indicate that there is an important information need that [...]

13 Jan, 2015

TVA denies News Sentinel appeal to release incentives for auto-parts maker

By Deborah Fisher|2015-01-13T10:31:31-06:00January 13, 2015|Categories: economic development|Tags: economic development records, FOIA Exemption 5, Knoxville News Sentinel, public records, TVA, U.S. Rep. John J. Duncan Jr.|0 Comments

The Knoxville News Sentinel reports that TVA has rejected the newspaper's appeal to reveal the incentives given to a South Korean company to expand its auto-parts manufacturing plant in Clinton. The contract for the incentives is already signed, and the deal is done, but the government-owned utility said it would hurt its competitive advantage if it revealed how much money it gave SL Tennessee. Here is an excerpt from the story, written by reporter Bob Fowler, which can be found online at knoxnews.com. At issue is what types of lures TVA dangled before a South Korean company — SL Tennessee — in exchange for its announcement last summer that it [...]

15 Sep, 2014

Chattanooga citizen files second open government lawsuit over economic development

By Deborah Fisher|2019-09-11T18:50:52-05:00September 15, 2014|Categories: Open Meetings, open meetings lawsuits|Tags: Chattanooga, economic development records, Grant Konvalinka & Harrison, Helen Burns Sharp, IDB, open meetings violation|0 Comments

Chattanooga citizen Helen Burns Sharp has filed a second lawsuit against Chattanooga's industrial development board, alleging more violations of the Tennessee Open Meetings Act and the Tennessee Public Records Act, among other state laws. (See Chattanooga Times Free Press story here.) Helen Burns Sharp Sharp won a lawsuit earlier this summer when a judge ruled that the Industrial Development Board (IDB) of Chattanooga violated the Sunshine Law when it approved tax-increment financing for a golf course community based on deliberations that took place outside of a public meeting. (See Chancellor Frank Brown's ruling). Sharp has tried to draw attention to the IDB's actions, saying they are making key [...]

17 Jul, 2014

Read judge’s order in Open Meetings case against Chattanooga Industrial Development Board

By Deborah Fisher|2019-09-11T18:50:08-05:00July 17, 2014|Categories: economic development, Open Meetings, open meetings lawsuits|Tags: Chancellor Frank Brown, Chattanooga, economic development records, Helen Burns Sharp, John Konvalinka, open meetings violation|1 Comment

Helen Burns Sharp, whose career included working as a community planner for state and municipal government, spent $50,000 of her retirement savings to bring a lawsuit against the Chattanooga Industrial Development Board in 2013. She alleged that the board approved tax-increment financing for a Black Creek Mountain golf course community. In the deal, the developers got $9 million from industrial board-issued bonds to build road and sewer up a mountain to the community. And property taxes from all the expensive homes built there would be used to pay them off. She didn't think that was right -- that TIF funds are not supposed to be used for such projects -- and [...]

17 Jul, 2014

Chattanooga judge voids $9 million deal on Open Meetings violation

By Deborah Fisher|2015-08-18T07:40:48-05:00July 17, 2014|Categories: economic development, Open Meetings, open meetings lawsuits|Tags: Chancellor Frank Brown, Chattanooga, economic development records, Helen Burns Sharp, John Konvalinka, litigation, open meetings violation, Times Free Press|0 Comments

A citizen spent $50,000 of her own money to bring a lawsuit against Chattanooga's industrial development board, and won. Hamilton County Chancellor Frank Brown says the board violated the Tennessee Open Meetings Act when it approved a $9 million deal for developers of a golf course community. The judge's ruling voids the deal. This is the second lawsuit that we've shared on TCOG's blog in recent days on citizen lawsuits involving economic development, alleging violations of the Sunshine Law and operating in secrecy. Citizens in Greene County allege Open Meetings violations in bringing to town a company that wants to make liquid ammonium nitrate used in industrial explosives. Read the Times Free [...]