Board Seeks Input on How Governments Account for Roads, Bridges

Accounting rule writers are asking the public for feedback on a draft plan that aims to improve state and local governments’ financial reporting for bridges, tunnels, and roads.

The Governmental Accounting Standards Board issued an exposure draft Wednesday for its project on infrastructure assets. The board is seeking input by June 26 from those who use or prepare government financial reports, such as public officials, rating agencies, and research groups.

The proposal suggests guidance related to the definition, recognition, and measurement of infrastructure assets. It would specify that governments should periodically review their assets’ estimated useful lives, as well as ...