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.

Nonprofit resource

https://thenonprofitmentor.wordpress.com/ This blog Nonprofit Mentor, has some links to resources that may be helpful.

AICPA provides Federal Government resources.

http://www.aicpa.org/Advocacy/Pages/CPAsInsight.aspx There are a host of resources and videos at this link of fiscal sustainabilty of the U.S. government. The videos are titled What's at Stake?

States that collect Amazon sales tax

http://online.wsj.com/articles/states-that-make-amazon-pay-sales-taxes-1412185657?mod=djemCFO_h Check out the map for states, and read about the possibility of this in your state's future.

Public Sector Financial Accounting Framework approved

http://www.accountingtoday.com/news/accounting-news/public-sector-financial-reporting-framework-approved-72037-1.html IPSAS expects this to be released by end of October 2014. The final four chapters have been completed of this initiative.

Unclaimed and abandoned property

http://www.aicpa.org/Publications/TaxAdviser/2014/september/Pages/SALT_Sept2014.aspx This article address the issues around escheats. States may scramble to get to the unclaimed property as a source of revenue; technically it is not a tax, and yet may be an important source of revenue to any given jurisdiction. This article highlights some of the issues in this area.

8 bond downgrades under Governor Christie

http://watchdogwire.com/new-jersey/2014/09/10/bums-rush-new-jerseys-credit-rating-downgraded-for-record-eighth-time-under-christie/ The response includes a reference to the bondraters as "bums".