GASB 77 (Tax Abatement Disclosures) Resource Center

Updated: January 31, 2020

 

 

GO TO TAX BREAK TRACKER -->

database on governmental tax abatement disclosures from Good Jobs First

 

 

Statement No. 77 on Tax Abatement Disclosures (GASB 77) set forth by the Governmental Accounting Standards Board (GASB) requires compliant public budgets to report how much revenue the government body loses yearly to economic development tax abatement programs. Good Jobs First tracks these disclosures as part of its mission to promote transparency and accountability. Click on the links below to see analyses of the latest data trends and other useful resources. 

 

 

TAX ABATEMENT DISCLOSURES in 2019

Foregone revenue reported by state governments in 2019 (NEW!)

Foregone revenue reported by the 100 largest US cities in 2019 (NEW!)

 

 

TAX ABATEMENT DISCLOSURES in 2018

Data summaries

Foregone revenue reported by the 100 largest US cities in 2018

Foregone revenue reported by the 100 largest US counties in 2018 

Estimated GASB 77 disclosure rate among local governments by state 

 

Reporting by individual states:

GASB 77 State Snapshot: Pennsylvania 2018

GASB 77 State Snapshot: New Jersey 2018

GASB 77 State Snapshot: California 2018

GASB 77 State Snapshot: Colorado 2018 

 

 

RESOURCES FROM GOOD JOBS FIRST

Educational materials:

GASB 77 Primer and FAQs Start here to learn what the statement says, how it came about, and what it means

State Roadmaps Learn how GASB 77 is implemented in each state and the people involved in it 

Tax Break Tracker Webinar: Watch the video demo for Good Jobs First database on tax abatement disclosures

Printable 2-page GASB 77 Primer (PDF, 387 KB) 

 

Publications and other writings:

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

Study: The New Math on School Finance  Read the Good Jobs First report to see how much revenue school districts lost 

First analysis of GASB-77

 

 

OTHER REFERENCES

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.