Bill

Bill > LB625


NE LB625

Provide for the establishment of a database of financial information from all school districts in the state


summary

Introduced
01/22/2025
In Committee
01/24/2025
Crossed Over
Passed
Dead
06/02/2025

Introduced Session

Potential new amendment
109th Legislature

Bill Summary

A BILL FOR AN ACT relating to school districts; to provide for the establishment of a database of financial information from all school districts in the state; and to provide duties to the Tax Commissioner and the Department of Revenue.

AI Summary

This bill requires the Department of Revenue to create and maintain a public online database containing comprehensive financial information from all school districts in the state. The database will include detailed financial data such as revenue sources, expenditures, and a balance sheet showing all assets, liabilities, and committed and uncommitted funds. School districts will be obligated to provide the necessary financial information to the department and update it annually, with the department required to update the database within 30 days of receiving new information. The Tax Commissioner is tasked with setting an implementation date no later than January 1, 2026, and the bill explicitly protects the confidentiality of any information that is legally considered confidential or not a public record. The primary goal of this bill appears to be increasing financial transparency for school districts by creating a centralized, publicly accessible repository of their financial information.

Committee Categories

Education

Sponsors (1)

Last Action

Indefinitely postponed (on 06/02/2025)

bill text


bill summary

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bill summary

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