New Pension Accounting Requirements Could Lead to Increased Taxes and Cuts for Public Programs
September 26, 2013New Government Accounting Standards Board (GASB) rules are coming that will require localities to be more uniform in the way they report pension obligations. If misunderstood, there could be some fallout: funding for public programs could be cut and taxes could increase. To minimize and manage it, government officials will need to clearly understand the implications and become better educators, according to a video from Warren Ruppel, Partner, Nonprofit and Government Services Group at Marks Paneth. Media pickup in 183 outlets including:
