GASB 77 (Tax Abatement Disclosures) Resource Center

Updated: November 21, 2019

 

 

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Statement No. 77 from the Governmental Accounting Standards Board (GASB) requires compliant public budgets to report how much revenue the government body loses yearly to “tax abatements” – corporate tax breaks granted in the name of economic development. Good Jobs First tracks these GASB-77 disclosures as part of its mission to promote transparency and accountability.

 

FROM LATEST FISCAL YEAR

Summaries and compilations

Good Jobs First estimate of 2018 GASB-77 compliance rate among local governments by state

Good Jobs First compilation of 2018 GASB-77 disclosures for the 100 largest US cities

Good Jobs First compilation of 2018 GASB-77 disclosures for the 100 largest US counties (New!)

Snapshots of GASB-77 Data in 2018

Good Jobs First GASB-77 snapshot: Pennsylvania 2018

Good Jobs First GASB-77 snapshot: New Jersey 2018

Good Jobs First GASB-77 snapshot: California 2018

Good Jobs First GASB-77 snapshot: Colorado 2018 (New!)

 

GASB-77 ESSENTIALS

Start with these links to learn everything you need to know about GASB-77 requirement for tax abatement disclosures – compiled, curated, and written by Good Jobs First.

GASB-77 Primer and FAQs what the statement says, how it came about, and what it means

GASB-77 Chronicles commentaries, press releases, and blogs by Good Jobs First as GASB-77 subsidy data is being published

GASB-77 State ROADMAPs state profiles that provide information about GASB-77 implementation

 

OTHER USEFUL RESOURCES

From Good Jobs First:

Good Jobs First analysis of GASB-77

Good Jobs First study on school finance using GASB-77 data

Good Jobs First printable 2-page GASB-77 tipsheet (PDF, 387 KB)

Good Jobs First state accountability profiles 

From Elsewhere:

Full text of GASB-77

GASB Implementation Guide (annual updates on accounting rules)   2019   2018   2017   2016

Center for Municipal Finance’s compendium of CAFRs and single audits

 

WE OFFER TECHNICAL ASSISTANCE

Good Jobs First is now assisting groups that seek to ensure effective compliance with GASB Statement No. 77 so that the new data becomes immediately useful. If you want more information about how to activate GASB-77 in your state or locality, email Greg LeRoy at goodjobs@goodjobsfirst.org. For retrieval of existing GASB-77 data, contact Christine Wen at chris@goodjobsfirst.org.