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Corporate Disclosure and Transparency in State Budgets

Largest Privatization Deal in U.S. History Proposed for Pennsylvania Turnpike

In the largest privatization deal ever proposed in the United States, a consortium led by Spanish company Abertis Infraestructuras offered $12.8 billion to lease operation of the Pennsylvania Turnpike for 75 years.  The deal would allow the company to immediately hike tolls 25 percent and then increase tolls each year thereafter up to the rate of inflation.

Economic Subsidy Recipients Who Fail on Job Promises to be Held Accountable in NY

State creates economic development program to encourage business investment in the state. State hands out billions in economic subsidies. State finds out many companies have taken the cash and failed to deliver on promised jobs.

IN: Prison Riots and Privatization

Take 1200 prisoners from Arizona, hire Indiana at $64 per day to house them, then ship them 1500 miles from home and loved ones to a private prison in New Castle, Indiana run by the GEO Group, a private prison company that has been repeatedly cited for substandard conditions. When a riot among 500 prisoners broke out last week, with prisoners taking over the facility for two hours, it was hardly surprising to observers.

Stopping Privatization Profiteering

A number of state leaders have been promoting what seems like a free lunch. Hand over control of government services to private industry and those companies promise better service at a lower price. Like most promises of a free lunch, privatization has mostly ended up being a deceptive boondoggle, a point the non-partisan news sourceStateline.org emphasized this past week:

Private Prisons Steer Money to Influence Sentencing Laws

The Institute on Money in State Politics, a tireless group of people who compile campaign finance data for all fifty states and regularly report national trends, have a new report "Policy Lock-Down: Prison Interests Court Political Players" looking at the $3.3 million private prison companies have donated to state-level actors in the last two election cycles.