Updated: June 29, 2020
Since the Governmental Accounting Standards Board (GASB) added Statement No. 77 on Tax Abatement Disclosures (GASB 77) to its generally accepted accounting principles (GAAP), state and local governments through the United States that use GAAP accounting must report the revenue foregone as a result of their own (or other governments') economic development tax abatement programs, even when they lose revenue passively to other governments' abatements. Good Jobs First tracks these disclosures as part of its mission to promote transparency and accountability.
Search our database on government tax abatement disclosures:
Tax Break Tracker (jump to the 50-state summary of state and local revenue loss)
Read our blogs on tax abatement disclosures:
Find out who is in charge of enforcing compliance in your state:
OUR ANALYSES
2019
Foregone revenue reported by the largest cities in each state
Foregone revenue reported by state governments
Foregone revenue reported by the 100 largest cities
2018
Foregone revenue reported by the 100 largest cities
Foregone revenue reported by the 100 largest counties
Estimated reporting rate among local governments by state
State snapshots: Pennsylvania New Jersey California Colorado
2017
Study: The New Math on School Finance (school districts)
MORE FROM GOOD JOBS FIRST
GASB 77 Primer and FAQs Start here to learn about GASB 77
Tax Break Tracker Webinar Watch the database demo
GASB 77 Analysis by Greg LeRoy Learn about the promises and pitfalls
Printable 2-page GASB 77 Handout Download this handy, concise guide
Special Blog Series on GASB 77 Compliance (NEW!)
OTHER RESOURCES
Full text of GASB 77
GASB Implementation Guides 2019 2018 2017 2016
Center for Municipal Finance’s library of CAFRs
We offer technical assistance
Good Jobs First is now assisting groups that seek to ensure effective compliance with GASB 77 so that the new data becomes useful. If you want more information about how to raise the reporting rate in your state or locality, email Greg LeRoy at goodjobs@goodjobsfirst.org. For data-related inquiries, contact Christine Wen at chris@goodjobsfirst.org.