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- Man killed by vehicle had been charged with domestic assault (11/30/16)
- Former Cape council member dies, remembered as 'wonderful public servant' (11/29/16)1
- Hotel chain president: City should regulate short-term lodging (11/27/16)16
- Woman accused in three robberies disguised herself as man (11/29/16)5
- Post-election taunts reported at Jackson schools (12/2/16)25
- Officers: Delta man dies during domestic dispute (11/28/16)1
- Business notebook: New store shows faith in Scott City district (11/28/16)
- Missouri chamber to honor Cape's John Mehner (11/30/16)6
- Men who pulled father, son from burning car near Naylor honored by highway patrol (12/1/16)
Study - Widespread political help goes to private prisons
WASHINGTON -- Politicians have invested heavily in private prisons, but their communities are not necessarily seeing an economic payoff, a new report shows.
The Institute on Taxation and Economic Policy, a Washington-based research center, is urging leaders to end subsidies for prisons.
Over the past 15 years privately run prisons have popped up around the country, as officials looked for alternatives to crowded government facilities.
The institute's Good Jobs First project found that most of the prisons were built with incentive packages that included things like property tax breaks, government financing, training grants and construction help.
"Given the relatively low wages paid by the industry and its limited ripple effect on the larger economy, subsidizing private prisons may not provide much bang for the buck," said the report, which is being released Monday.
About three-quarters of the large private prisons had government subsidies, the report found. The study involved 60 private prisons with 500 beds or more, located in 19 states. Subsidies were given in 17 of the 19 states.
The institute said $628 million in tax-free bonds and other government-issued securities financed some of those private prisons. Voters should have been allowed to decide whether to allow those bonds -- and should be consulted about any future financial help, the institute said.