Statement No. 77 on Tax Abatement Disclosures (GASB 77) set forth by the Governmental Accounting Standards Board (GASB) requires Generally Accepted Accounting Principles (GAAP)-compliant governments in the United States to disclose how much revenue they have lost to economic development tax abatement programs. Good Jobs First has been tracking these disclosures since 2017 when GASB 77 … Continue reading Special Blog Series on GASB 77 Compliance