From Bloomberg via Grit for Breakfast
The Great County Jail Privatization Bust
Regular readers won’t be surprised at the Bloomberg headline, “How local governments got burned by private prison investments” (Oct. 1). But this graphic demonstrates in macro a story Grits has detailed at the micro-level around Texas.
The Bloomberg story details how “The IRS is going after counties that issued tax-free bonds to build jails used by federal agencies, which should have commissioners in several Texas counties shaking in their boots.
Texas jails have even more spare capacity than depicted in this chart, with 30 percent of beds empty as of Aug. 1, 2015.
