WASHINGTON — As the Government Accounting Standards Board prepares to hold its first public hearing Thursday on a proposal for state and local governments to provide five-year projections with their financial statements, groups are complaining the plan is costly, burdensome and outside GASB’s mission.

“We object in the strongest possible terms to GASB’s proposal,” five local government groups wrote in a letter to the board. “The budget document already provides what is needed and the highly subjective character of that information puts it beyond the scope of accounting and financial reporting.”

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