GASB gives preliminary viess on leases

http://journalofaccountancy.com/News/201411402.htm and fiduciary responsibilities for state and local governments. Links to the documents views are in the attached article

GASB proposes disclosures for tax abatement agreements

http://www.journalofaccountancy.com/News/201411250.htm The proposal is open for comment through June 30. Disclosure items as to amount, number of agreements, general information such as provision to recapture abatements are required. These incentives, typically to stimulate economic development can impact a government's revenue stream.