Bill > LB625

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.

Education

https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=59800