Exciting news from the GASB!

Posted on June 27, 2012. Filed under: Uncategorized |

On June 25, the Governmental Accounting Standards Board (GASB) voted to approve two new standards that will have huge ramifications for state and local governments.

The big news: for the first time, state and local governments will be required to report significant pension-related liabilities on their balance sheets!

These new standards are certainly a step in the right direction for those of us concerned with the longterm fiscal health of our governmental entities.

Read more here.


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One Response to “Exciting news from the GASB!”

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[…] delighted last month when the GASB approved two new, game-changing standards last month. The new standards will require state and local governments to report significant pension-related liabilities on […]

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