Op-ed by Sheila Weinberg and Grover Norquist, includes “Sadly, because the current accounting standards guiding financial reporting by state and local governments require governments to keep two sets of books, it is difficult to determine if their budgets were balanced and their true financial conditions. … Unfortunately, GASB is proposing to maintain the status quo or might even make things worse. But there is a rising chorus of dissenting voices …”
Read the full article on: The Hill