Audit Faults Mo. Program for Contamination Cleanup

6 years 2 months 4 weeks ago Thursday, April 10 2014 Apr 10, 2014 Thursday, April 10, 2014 11:12:42 AM CDT April 10, 2014 in News
By: The Associated Press

JEFFERSON CITY (AP) - A new audit raises concerns about a Missouri program that provides tax incentives for developers to clean up contaminated old business sites.

The report Thursday by State Auditor Tom Schweich notes that Missouri authorized over $185 million of Brownfield Remediation Tax Credits for 115 projects from the 2003 to 2013 fiscal years. About four-fifths of those projects were in the St. Louis area.

Schweich gave the program a "poor" rating. The audit cited weaknesses in the Department of Economic Development's oversight of the program, saying it has failed to hold down costs and allowed conflicts of interest.

The department said in a written response attached to the audit that it has worked to keep costs low and published newly proposed rules for the program in March.

 

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