Government Reporting Information Package (GRIP) Taxonomy 2022

The 2022 GRIP Taxonomy is a collection of taxonomies for state and municipal reporting. It includes published versions of the Annual Comprehensive Financial Reporting Taxonomy that incorporates a Michigan-specific extension taxonomy, as well as the latest versions of the Grants Reporting Taxonomy and the Single Audit Taxonomy. This resource was developed by the State and Local Government Working Group.


ACFR Taxonomy 2022

This version of the ACFR Taxonomy was open for comment between July 15 and August 15, 2022. The published version of the ACFR is part of the Government Reporting Information Package (GRIP)


Government Reporting & the FDTA: Florida, Michigan, Utah

3:00 PM ET Monday, September 18, 2023
XBRL US Webinar
Watch now

Are data standard requirements for municipal bond issuers as outlined in the FDTA just a “solution in search of a problem”? Hear from government entities and data users about how they analyze government financial data today. Learn about their wish list on how to improve the usefulness of data used for peer analysis and policy […more]


Data Amplified 2023

Monday, October 16 - Tuesday, October 17, 2023
XBRL International Conference
Details and Registration

Attend the XBRL International Conference that brings together standards setters, regulators, policy makers, analysts, tech experts, accounting professionals, and other innovators from across the reporting community to share insights into the future of digital reporting. Themes will include sustainability reporting, AI, data quality, audit and more.


XBRL US Hosts GovFin 2023: Empowering Governments, Modernizing Reporting, November 9, 2023, Washington, DC

XBRL US announced that they will be hosting a one-day conference, GovFin 2023: Empowering Governments, Modernizing Reporting, in Washington, DC, on Thursday, November 9, 2023. This educational forum will focus on the passage of legislation including the Financial Data Transparency Act (FDTA), and the Grants Reporting Efficiency and Transparency (GREAT) Act, and on how governments […more]


SEC Hosting Municipal Securities Disclosure Conference, May 10, 2023

The Securities and Exchange Commission (SEC) announced plans to hold a Municipal Securities Disclosure Conference on May 10, 2023 at SEC headquarters. The event will have both in-person and virtual access and registration is required.  The deadline to register is May 5, 2023. Topics to be covered include: Financial Data Transparency Act (FDTA) Voluntary Disclosure […more]


XBRL US Welcomes Enactment of the Financial Data Transparency Act (FDTA)

On December 23, 2022, President Biden signed into law H.R. 7776, the James M. Inhofe National Defense Authorization Act for Fiscal Year 2023 which includes TITLE LVIII, the Financial Data Transparency Act (FDTA). The FDTA calls for the use of data standards by member agencies of the U.S. Financial Stability Oversight Council, including U.S. Treasury, […more]


Government Financial Reporting – Data Standards and the Financial Data Transparency Act

3:00 PM ET Tuesday, January 24, 2023
XBRL US Webinar
Watch / listen now

The U.S. Congress passed legislation on December 15, 2022 that includes requirements for the Securities and Exchange Commission to adopt data standards related to municipal securities. The Financial Data Transparency Act (FDTA) aims to improve transparency in government reporting, while minimizing disruptive changes and requiring no new disclosures. The University of Michigan’s Center for Local […more]


XBRL US Comments on MSRB RFC on Rule G-32

XBRL US commented on the Municipal Securities Rulemaking Board (MSRB) Request for Comment on Draft Amendments to MSRB Rule G-32 to Streamline the Deadlines for Submitting Information on Form G-32. The XBRL US letter encouraged the MSRB to consider allowing municipal securities bond issuers to optionally submit their continuing disclosure documents which include event-based and […more]


The University of Michigan moves to modernize government financial reporting

Marc Joffe, Senior Policy Analyst at Reason Foundation (XBRL US member) noted in a recent blog post, “XBRL can make data from state and local governments more digestible and publicly available. In 2002, three academic researchers proposed applying eXtensible Business Reporting Language (XBRL) to state and local government financial reporting to make municipal data more digestible and […more]