More entities would be available for public review on the state financial transparency website under legislation proposed for the upcoming session.
State Treasurer Don Stenberg says a proposal for the Unicameral to consider in the 2016 session would add quasi-public entities to those required to submit basic financial information to be posted on StateSpending.Nebraska.gov.
“This proposed legislation will broaden the scope of state entities that are required to submit financial data to the website and will enhance the state’s commitment to financial transparency,” Stenberg tells reporters during a news conference at the state Capitol.
At present, all state agencies and the University of Nebraska are required to post financial transactions and budgets on the website.
Sen. John McCollister of Omaha sponsors the Taxpayer Transparency Act, which would require quasi-public entities, such as the Nebraska State Fair Board and the Environmental Trust Board, to submit their finances to the website.
“The agencies are an important part of state government. As such, their decisions and budgets should be open to public scrutiny,” according to McCollister. “Quasi-public agencies are not directly accountable to the legislature and are often exempt from public oversight. The act would cause their decisions and budgets to be available for the public review.”