Have you noticed that tax exemptions require no fiscal notes? Yet they cost the state billions in revenues. The total amount of the 567 revenue exemptions and deferrals currently amounts to $13 billion per biennium. This almost exactly equals the $7 billion amount of the 2010 deficit.
All tax exemptions should carry a fiscal note. They are just as much a part of balancing the budget as are tax expenditures. They should be required to report annually to document their promised outcomes, whether jobs or other public benefits. After 10 years, they should automatically sunset, unless they are renewed, based on their continuing to deliver promised benefits to the public.