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Bill > S1150


MA S1150

To disclose the close of business


summary

Introduced
01/23/2017
In Committee
01/23/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

For legislation to disclose the close of business. Municipalities and Regional Government.

AI Summary

This bill amends Massachusetts General Law, Chapter 44, Section 56A to require cities within the Commonwealth to disclose the close of business for the previous fiscal year by July 30th. The key provisions include requiring cities to report their actual departmental expenses versus appropriations, amounts to be raised and actual expenses, state charges expenses versus appropriations, overlay for abatements and exemptions, state reimbursements, local estimated versus actual receipts, free cash appropriated, and available funds appropriated and expended. This information must be published in a local news media, providing transparency into the financial status of the municipal corporation and a preliminary tax rate.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

Accompanied a study order, see S2342 (on 03/15/2018)

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