Bill > HB2942

This bill requires public school districts and charter schools to make detailed financial information publicly available on their websites, starting with the 2027-28 school year, and mandates that this data be in an open-structured, machine-readable format that can be downloaded and sorted. The information must include specific details about income, expenditures, disbursements, administrative positions and their total compensation, active contracts with vendors and organizations (including specific requirements for contracts related to social services, diversity, equity, and inclusion, or other non-instructional programs), a range of teacher salaries, and the source and purpose of all expenditures. Additionally, schools must annually publish a one-page budget summary on their website homepage and distribute it at public meetings, detailing per-pupil expenditures for instruction, student support, administration, and other categories, and also report all unencumbered cash balances for each fund. If a school district or charter school fails to comply, it will face mandatory notification to the Department of Elementary and Secondary Education, required corrective action, and potential withholding of administrative funds if noncompliance persists for over 180 days. The bill also requires financial data to be updated at least monthly and archived for a minimum of ten years, and provides a template for voluntary use by schools needing assistance with online posting, with a provision for the Department of Elementary and Secondary Education to host the information if a school lacks a website.

https://house.mo.gov/Bill.aspx?bill=HB2942&year=2026&code=R