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Deputy auditor general says 2017 audit of MEGA credits limited by confidentiality; GM agreement cited
Summary
Laura Hurst, Michigan deputy auditor general, told a House subcommittee the Office of the Auditor General's 2017 performance audit found a reporting deficiency and identified statutory confidentiality limits that curtailed participant‑level disclosure of Mega credit estimates.
Laura Hurst, Michigan deputy auditor general, told the House subcommittee the Office of the Auditor General's 2017 performance audit of the Michigan Economic Growth Authority (the Mega tax credit program) found one formal finding on reporting and an observation about statutory limits to public transparency.
Hurst said the audit, released in September 2017, found that in fiscal years 2014 and 2015 "MSF's reporting did not include prior year tax credit information as required by law," and that the Michigan Strategic Fund (MSF) agreed to implement processes to address that finding. She said the audit also included an observation concerning confidentiality and statutory limits on disclosure: "The Mega Act requires information to be…
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