Commission recommends council consider economic‑incentive transparency measures
The commission voted to recommend that City Council consider a policy requiring written summaries for economic-development incentives that estimate lifetime public costs, expected benefits, performance measures and clawback provisions rather than mandating specifics in the charter.
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Commissioner (speaker 6) introduced a proposal urging greater transparency and reporting requirements for economic-development incentives, including: a written summary of estimated total public cost over the life of the incentive, the duration of the incentive, expected public benefits and measurable performance targets, and potential clawback provisions if performance is not met.
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