Why the Keystone Opportunity Zone Program still exists though it’s an abject failure

“Benign mercantilist” is its own taxable category as part of Pennsylvania’s Keystone Opportunity Zone (KOZ) Program. It costs the city and the school district about $27 million in revenue a year. Philadelphia has foregone a total of $384 million in revenue through the KOZ Program between 1998 and 2012, according to the Controller’s Office. To understand the initiative’s rationale, imagine Read More …