N.J. tax-break programs poorly monitored, audit finds

Favicon The Philadelphia Business Journal

An audit critical of the New Jersey Economic Development Authority’s tax incentive programs found a lack of oversight and few policies to ensure that companies make good on promises outlined in their tax break agreements. The EDA failed to verify that businesses honored their job commitment goals, the audit found, meaning the state could not be sure it was getting the economic benefits it had anticipated. In a sampling of companies that received tax breaks, the N.J. State Comptroller’s office...

Read the full article here: The Philadelphia Business Journal

The post: «N.J. tax-break programs poorly monitored, audit finds» has been published on the website The Philadelphia Business Journal where, everyday, you can find the latest news about Philadelphia's area.

Get more articles about this topic

Leave a comment