Upcoming Webcasts
September 8, 2016
@ 10:00 am CST
(11:00 am EST) | Tax Incentives: Exploring New Reporting & Disclosure Standards for Texas |
Incentive use has increased dramatically over the past decade and become a more prominent, challenging and controversial part of economic development work. Economic development incentives can help communities attract, retain and develop business and industry, but they are also used to finance neighborhood revitalization, redevelop brownfields, provide workforce training and accomplish other important community objectives.
For many years, Texas has ranked very high in site selection and use of tax incentives. As such, Texas communities should understand the impact of new regulations that require significantly increased disclosure of the cost of incentives.
Last year, the Governmental Accounting Standards Board (GASB) approved Statement No. 77 on Tax Abatement Disclosures that puts new reporting requirements on communities that grant incentives. Statement 77 takes effect in 2016, which means that reports issued in 2017 must follow the new rules. Statement 77 significantly expands the record keeping and reporting requirements, and could potentially lead the way to more disclosure requirements in the future. The Texas Financing Roundtable in partnership with the Texas Economic Development Council, through this webinar, will explore these new guidelines and what they mean for the increased role of government finance departments, how communities should prepare to meet these new rules, and how they could change the role of the economic development professionals.
Join this special webcast from the CDFA Texas Financing Roundtable, in partnership with the Texas Economic Development Council, as national and state experts delve into incentives and how state and local governments can prepare for the new reporting standards.
Speakers:
Ellen Harpel
President, Business Development Advisors LLC
Founder, Smart Incentives
Pam Dolan
Project Manager
Government Accounting Standards Board
Tony Kaai, CEcD
President
Denison Development Alliance
Danny Booth
President
Economic Development
City of Terrell, TX
Dan Breen
Executive Vice President
Business & Economic Incentives
Jones Lang LaSalle
Registration is $79 per person or $295 for a group of 5 or more.
To confirm your participation in the webcast, click the Register button below to sign-up on the TEDC website. 
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