Be Careful With Private Developers

The government did and is still doing a great deal to ease the country out of this recession, but did some individuals use this opportunity for personal gain? The Task Force on Public Benefit Agreements is trying to restrict the public subsidies which are given to private investors. The Task Force along with the Comptroller are working together to ensure the public subsidies will be used more appropriately and are not taken advantage off.  It is too often that private developers promise to create jobs and stimulate the economy in exchange for public subsides, but often that these promises are made just to get the subsidies and the developers fail to produce any substantial results. 

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This is just another step to make sure the private sector does not take advantage of the government and public when their backs are turned.  It is similar to increasing oversight on banks, so that the reckless investments that lead to the economic meltdown does not happen again.