Items tagged with "State and Local"

State of Florida Publishes RFP to Build XBRL Taxonomy for Municipal Reporting

In March 2018, the state of Florida passed HB 1073, legislation requiring the use of XBRL for municipal financial reporting. On April 1, the Request for Proposal was issued. Read the RFP.  

Municipal Finance Data Forum

10:00 AM ET Wednesday, April 24, 2019
XBRL US Meeting || District Offices, 1025 Connecticut Avenue NW
Register to Attend

Public Review: CAFR Taxonomy Demonstration Release

Thursday, January 17 - Monday, March 18, 2019
XBRL US Public Review
Get details and comment on the Demonstration Release

The State and Local Government Disclosure Modernization Working Group is soliciting feedback on the Comprehensive Annual Financial Report Taxonomy (CAFR) Demonstration Release during a 60-day public review period that ends March 18, 2019.

XBRL US Publishes CAFR Demonstration Taxonomy for State and Local Government Reporting

Government representatives, investors, analysts, and software providers invited to review XBRL US announced today that it has published a Demonstration Release Taxonomy representing selected portions of the Comprehensive Annual Financial Report (CAFR) used by state and local governments to report financial data. The taxonomy was developed by the XBRL US State and Local Government Disclosure […more]


The VIRGINIA LOCALITIES FISCAL PERFORMANCE REPORT – JANUARY 2019 analyzes the fiscal health of Virginia municipalities and recommends that CAFRs be produced using financial data standards such as Inline XBRL.  This report was prepared by XBRL US members, Yossef Newman, Professor of Business and Accounting at Touro College, Marc Joffe, Senior Policy Analyst at Reason […more]

XBRL US Letter RE: Draft Federal Grants Management Data Standards

XBRL US white paper “XBRL US Center for Data Quality, an industry initiative for the common good”, details timeline, milestone and accomplishments to date including significant reduction in errors, greater engagement with regulators and expanding usage of XBRL data.

Public Exposure for CAFR Taxonomy, Demonstration Release

Government agency representatives, municipal analysts and investors, software providers, and other users of state and local government data are invited to review and comment on the data standards developed to represent the Statement of Activities, Governmental Fund Balance Sheet, and Governmental Fund Statement of Revenues, Expenditures and Changes in Fund Balances. This is a Demonstration […more]

Forbes Article “The Four Letters Transforming the Municipal Bond Market and Govt Financing”

Barnet Sherman of Neighborly authors “The Four Letters Transforming the Municipal Bond Market and Government Financing”  in Forbes on XBRL for municipal reporting. Read the article.    

XBRL US Submits Comment Letter RE: SEC Municipal Conference

XBRL US submitted a comment letter to the Securities and Exchange Commission (SEC) related to their December 6, 2018 conference, The Road Ahead: Municipal Securities Disclosures in an Evolving Market. Our letter explained the work of the XBRL US State & Local Working Group to develop financial data standards for municipal reporting and urged the […more]

Fix state & local government reporting. Here’s how.

State CAFRs and Annual Financial Reports in standardized, computer-readable format will improve the ability to collect, aggregate, and analyze data, giving investors and policymakers the ability to make more timely, better decisions, while reducing the cost of data collection and analysis.