Early Tax Abatement Disclosures Under GASB 77: Incomplete, Mislabeled -- and Occasionally Spectacular

Greg LeRoy
Date Published
06/2017

As of early June 2017, more than a dozen local governments have issued Comprehensive Annual Financial Reports (CAFRs) reporting for the first time how much revenue they lost to economic development tax break programs. Some are overly narrow, others needlessly difficult to decipher -- and a few provide taxpayers outstanding new information.

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