Bill > S02275

This bill enacts the Online Revenues and Expenditures Transparency Act, which requires the creation of a comprehensive, free, and publicly accessible online budget database by January 2027. The website will be developed by the directors of technology and budget, and will include detailed financial information such as annual state expenditures to entities and agencies, bond debt payments, local aid, state revenues, bonded indebtedness, and links to state audits. The database must provide specifics like funding sources, amounts appropriated, purposes of expenditures, and expected and final outcomes for corporate subsidies. It will cover a wide range of financial data including tax revenues, agency earnings, gifts, donations, and federal grants. The website must retain fiscal year information for at least ten years, be updated regularly as new data becomes available, and ensure that all agencies provide required data within 30 days of its availability. Importantly, the bill prohibits listing individual businesses' specific tax liabilities or financial details, and mandates that the data be truly searchable and aggregatable, not just redirecting users to other websites. The goal is to create unprecedented transparency in New York State's financial operations, allowing citizens to easily understand and track government spending.

Budget and Finance, Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S2275