GASB 77 (Tax Abatement Disclosures) Resource Center

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:

GASB 77 Chronicles

Find out who is in charge of enforcing compliance in your state:  

GASB 77 Roadmaps

 

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