Bill > SB218

This bill aims to enhance financial transparency for local governments in Kentucky by requiring the Department of Revenue to create a centralized online resource for taxpayers to access financial information about local taxing authorities. The bill defines "local taxing authority" to include cities, counties, charter counties, consolidated local governments, urban-county governments, special purpose governmental entities, and school districts. Under this legislation, the Department of Revenue must establish a link on its main property tax webpage that provides access to financial information, including property tax rates and specific details for different types of local entities. Local governments will be required to either publish their uniform financial information report on their own website or forward a copy to their county library within 30 days of completing the report. By January 1, 2026, local governments must provide the Department of Revenue with information about where their financial report can be accessed, and they must include a notice in their first newspaper advertisement after that date indicating that tax rate and financial information is available on the Department of Revenue's website. The bill's underlying intent is to increase government financial transparency and make it easier for taxpayers to understand how their tax dollars are being used.

Budget and Finance

https://apps.legislature.ky.gov/record/25RS/sb218.html