A new audit is raising concerns about a Missouri program that provides tax incentives for developers to clean up contaminated old business sites.
The state has authorized more than $185 million in Brownfield Remediation Tax Credits for 115 projects between the 2003 and 2013 fiscal years. About 80 percent of those projects were in the St. Louis area.
State Auditor Tom Schweich released a report Thursday giving the program a "poor" rating. The audit cited weaknesses in oversight, saying the Department of Economic Development has failed to hold down costs and has allowed conflicts of interest.
In a written response attached to the audit, DED officials say they've worked to keep costs low and in March published newly proposed rules for the program.