A bill prefiled with the S.C. Senate last week could go a long way toward limiting the excesses of economic development incentive agreements between government and private business.

S. 134, with senators Tom Davis and George Campsen as sponsors, would tighten down on not only what, but how governments can give away public money as an economic development incentive.

Most importantly, it would make the process transparent so the taxpayer could see in advance just how much public money is being thrown at a company to relocate, or expand its business.