In Florida, all local governmental financial statements for fiscal years ending on or after September 1, 2022, will have to be filed in XBRL format under proposed legislation. Since the state has more than 400 municipalities, this is a major move. This will mean that government reporting will be more timely, more comparable and more suitable for analysis.

Like every other unit of government in the US, those municipalities prepare “CAFRs” or Comprehensive Annual Financial Reports in accordance with US Government Accounting Standards. Those reports are currently analog. XBRL will be a substantial improvement, particularly if they use inline XBRL, which is also readable by people as well as computers. With inline XBRL, reports will continue to be read by people who are interested but also will be fed into analytics tools for deeper analysis and decision making.

More on this here.