Policy Lunch: Missouri’s Misuse of Economic Development Subsidies (Springfield)
In order to address blight and a lack of economic investment, many cities and states have developed policies to spur investment where it might not otherwise happen. In Missouri, one such program is tax increment financing (TIF). Unfortunately, TIF is often misused as nothing more than corporate welfare for politically well-connected developers.
In this presentation, Patrick Tuohey will address the intentions behind TIF policies and show how TIF often not only fails to achieve its stated goals but actually makes it more difficult for cities to provide basic services to residents.
About the Speaker
Patrick Tuohey is the Western Missouri field manager at the Show-Me Institute. He works with taxpayers, media, and policymakers to foster understanding of the consequences—sometimes unintended—of policies regarding economic development, taxation, education, and transportation.
His recent paper on tax increment financing in Kansas City, “Urban Neglect: Kansas City’s Misuse of Tax Increment Financing” was published in the Urban League’s “2015 State of Black Kansas City.” It has spurred parents and activists to oppose TIF projects where they are not needed and was a contributing factor in the KCPT documentary, “Our Divided City” about crime, urban blight, and public policy in Kansas City. Patrick is a regular panelist on Kansas City Public Television’s Ruckus, and appears on television and radio across Missouri.
Before joining the Show-Me Institute, Patrick operated his own corporate market research company in Maryland and then relocated to Kansas City in 2005. He previously served as an aide to U.S. Rep. John L. Mica (R-Fla.) in Washington, DC, and as director of communications for Frank Luntz’s polling shop, representing the firm and its research to members of the U.S. Senate and House as well as regularly attending congressional staff meetings.
He has developed research methodologies for clients such as Monsanto, Anheuser-Busch, the National Sheriffs Association, the Christian Coalition, the Center for Alcohol and Substance Abuse, ABC News, and NBC News. Patrick received a bachelor’s degree from Boston College in 1993.
The Show-Me Institute (SMI) is a tax-exempt 501(c)(3) nonprofit organization that researches major public policy issues facing our state from a free-market perspective. Contributions are tax-deductible as allowed by law.