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Puerto Rico Joins the Cost of Living Index

The upcoming collection period marks Puerto Rico’s third consecutive quarter of participation in C2ER’s Cost of Living Index. Researchers in San Juan first implemented COLI methodology in the second quarter of 2014 and recently began utilizing the Cost of Living Index Calculator. The Calculator is an easy-to-use tool which allows researchers, businesses, governments, and individuals to compare cities across a number of economic factors. Continue reading

GASB State Tax Incentive Rule

GASB Tax Incentive Picture Beginning in 2017, those interested in incentives and tax abatement expenditures spending will likely have access to significantly more data than is currently available. The Governmental Accounting Standards Board (GASB), the independent organization which “establishes financial accounting and reporting standards for state and local governments,” is asking for public comments on a proposed change to current standards for property and tax abatement agreements. Continue reading