Updated: September 17, 2019
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
Good Jobs First estimate of local government GASB-77 compliance in 2018
Good Jobs First state GASB-77 snapshot: Pennsylvania 2018
Good Jobs First state GASB-77 snapshot: New Jersey 2018
COMING SOON – STAY TUNED
Good Jobs First’s new searchable database on tax abatement disclosures
- fixes lag issues in the old SubsidyTracker 2
- contains many new entries
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
Full text of GASB-77
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 firstname.lastname@example.org. For retrieval of existing GASB-77 data, contact Christine Wen at email@example.com.