May 2018 Posts

May
31
2018

GASB Rules: Most TIF Spending Will Remain Undisclosed

In a recent update of its Implementation Guide, the Governmental Accounting Standards Board (GASB) defied the recommendations of many commenters and ruled that most tax increment financing (TIF) spending will remain undisclosed.

The ruling is a major blow to GASB’s Statement 77 on Tax Abatement Disclosures, the new rule that