Posts Tagged GASB 77

May
29
2020

Disclosing Tax Revenue Lost to Corporate Welfare: Are Local Governments Backsliding on Compliance?

When a local government does not report on tax abatements, is it not complying with the GASB 77 disclosure rule, or is there nothing to disclose? This blog answers the question.

Jul
17
2019

GASB 77 Update: Second Year’s Disclosures Again Uneven

By Christine Wen

 

July 17, 2019

 

As Good Jobs First readers know, a new government accounting rule called GASB Statement 77 on Tax Abatement Disclosures took effect in 2016/FY 2017, so we are now getting the second year of new disclosures. For the first time ever, most governments

May
31
2018

GASB Rules: Most TIF Spending Will Remain Undisclosed

May 31, 2018

 

In a recent update of its Implementation Guide, the Governmental Accounting Standards Board (GASB) defied the recommendations of many commenters and ruled that most tax increment financing (TIF) spending will remain undisclosed.

The ruling is a major blow to GASB’s Statement 77 on Tax Abatement Disclosures,

Jan
16
2018

Georgia Whiffs, Bernalillo County Homers on Tax-Break Disclosures!

As states and localities finally start to disclose how much revenue they lose to corporate welfare (thanks to GASB Statement 77*), we continue to see laggards and leaders.

 

Today we spotlight Georgia (which has failed to comply, claiming taxpayer confidentiality for numbers that have long been public) and Bernalillo

Oct
25
2017

A GASB 77 Tale of Two States

October 25, 2017

 

With new government financial reports arriving daily, we’ve been busy collecting GASB 77 subsidy data and posting it in our new Subsidy Tracker 2 database.

We are also taking note of trends and contrasts in transparency reporting. One of the most interesting contrasts involves the reporting