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Summary: SB 14 requires greater fiscal transparency in special districts, counties, cities, and schools. SB 14 would require these government units to disclose their financial obligations, such as outstanding debt, to voters and to publish this financial information on publicly available websites. SB 14 would also require this financial information be provided to voters prior to elections that could create more debt. SB 14 would forbid the issuance of projects rejected recently by voters.
Analysis: SB 14 promotes transparency in the financial affairs of local governmental units. This limits government because transparency limits the ability of local governments to take on irresponsible financial obligations that often saddle local taxpayers with debt. Support SB 14 because it helps voters hold their representatives accountable for stewarding their tax dollars.
SB 14 is identical to HB 14, which we also supported because it promotes limited government.