New GASB Rule Will Require Disclosure of Tax Credits

The Governmental Accounting Standards Board issued a new rule this week that will require state and local governments to show the value of property, income, and sales taxes that have been waived for businesses and other taxpayers. States and local governments offer these credits and exemptions to incentivize businesses to locate or expand in certain areas, or to provide certain incentives to property owners. Investors, government officials and others are growing concerned that these types…

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New Federal Work Rules Could Have Significant Impact on County Governments

As reported by the National Association of Counties (NACo), the Department of Labor’s Wage and Hour Division has released a proposed rule to update and revise the regulations issued under the Fair Labor Standards Act (FLSA) that would change the way employers implement exemptions from minimum wage and overtime pay for executive, administrative and professional employees. According to NACo, This proposal could have a significant impact on counties and the number of employees that are…

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