Tracking Subsidies,Promoting Accountability in
EconomicDevelopments > Subsidy Tracker
GASB Statement 77 requires governments that employ Generally Accepted Accounting Principles to report on the aggregate amount of annual tax revenue they are losing as a result of tax abatements.
Subsidy Tracker 2-- which complements the original Subsidy Tracker's collection of company-specific entries -- will periodically add new data as governments make their GASB 77 disclosures.
We hope this information will be useful in setting fiscal priorities for localities and states.
EconomicDevelopments > Subsidy Tracker
The first national compilation of company-specific information on economic development subsidy awards from around the country.
Subsidy Tracker 2 collects data on economic development subsidies that governmental bodies across the United States are reporting in accordance with a new accounting rule adopted by the Governmental Accounting Standards Board (GASB) in 2015. GASB Statement 77 requires governments that employ Generally Accepted Accounting Principles to report on the aggregate amount of annual tax revenue they are losing as a result of tax abatements.
Subsidy Tracker 2-- which complements the original Subsidy Tracker's collection of company-specific entries -- will periodically add new data as governments make their GASB 77 disclosures.
We hope this information will be useful in setting fiscal priorities for localities and states.
Good Jobs First in September 2017 unveiled "Subsidy Tracker 2" - a new online database for tax-break spending records issued thanks to GASB Statement 77 on Tax Abatement Disclosures.
Subsidy Tracker 2 is here: https://www.goodjobsfirst.org/ subsidy-tracker-2
Statement 77 is the first time the Governmental Accounting Standards Board (GASB) has set forth a rule for governments to account for revenues lost to any kind of corporate tax break for economic development. Good Jobs First was honored in 2015 for its leading role in this landmark reform.
To help activists, journalists and public officials navigate this whole new world of disclosures, Good Jobs First today also publicly posted 51 state-specific "roadmaps" detailing everything one needs to get started exploring the data. (For those who have privately received iterations of the roadmaps over the past year: today's postings include many state entries that have been updated to reflect early disclosures.)
The 51 GASB 77 roadmaps are here https://www.goodjobsfirst.org/ good-jobs-first-gasb-77-state- roadmaps
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