Posts Tagged GASB 77
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.
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
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,
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
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