Connecticut 2011 Regular Session

Connecticut Senate Bill SB00006

Introduced
1/5/11  
Introduced
1/5/11  
Refer
1/5/11  

Caption

An Act Requiring Economic Development Agencies To Disclose How They Spend Tax Dollars.

Impact

If enacted, SB00006 could significantly impact state laws regarding fiscal accountability and public access to information. The legislation would amend existing statutes to require detailed financial reporting from economic development agencies, thereby instituting a standardized approach to financial transparency. This move aims to bolster public confidence in the management of economic development funds by making spending more visible and easier for citizens to scrutinize.

Summary

SB00006 is a legislative proposal aimed at enhancing transparency in the operations of economic development agencies by mandating the public disclosure of their expenditures. Specifically, the bill requires these agencies to publicly share how tax dollars are spent. This initiative is grounded in the belief that increased transparency will promote accountability and trust between the public and the agencies managing taxpayer funds. Proponents argue that this will help to ensure that resources are utilized efficiently and in the best interests of the community.

Contention

Discussion around SB00006 has revealed a range of views among stakeholders. Supporters, including fiscal watchdog groups and certain lawmakers, voice strong approval of the bill's intent to prevent misuse of funds and to ensure investments align with community needs. Conversely, some critics express concerns about potential bureaucratic overhead and the feasibility of complying with increased reporting requirements. There are also apprehensions that overly detailed disclosure could deter investment in economic development by creating a perception of excessive oversight.

Notable_points

Notably, the bill represents a step towards stronger legislative support for transparency in government-funded initiatives. Its success may hinge on overcoming resistance from parties concerned about the practical implications of stringent transparency mandates on economic development efforts. Overall, SB00006 places the conversation about accountability and transparency at the forefront of legislative priorities regarding the management of taxpayer resources.

Companion Bills

No companion bills found.

Previously Filed As

CT SB00015

An Act Requiring Fee Disclosures.

CT HB05434

An Act Concerning The Community Economic Development Fund.

CT HB05299

An Act Concerning The Department Of Economic And Community Development's Recommendations For Revisions To The Jobsct Program And The Commerce And Related Statutes.

CT HB05395

An Act Requiring Disclosure Of Mass Real Property Appraisal Methods.

CT HB05432

An Act Establishing A Working Group To Develop An Economic Development And Tourism Plan For The Greater Mystic Area Of The Towns Of Groton, New London And Stonington.

CT SB00378

An Act Concerning A Perfluoroalkyl And Polyfluoroalkyl Substances Background Data Study For The Purpose Of Economic Development.

CT SB00156

An Act Establishing A Task Force To Study Requiring Nursing Homes To Spend A Percentage Of Medicaid Reimbursement Or Total Revenue On Direct Care Of Nursing Home Residents.

CT HB05293

An Act Concerning The Department Of Developmental Services' Recommendations Regarding Various Revisions To Developmental Services Statutes.

CT HB05502

An Act Concerning A Study Of Programs Administered By The Department Of Economic And Community Development.

CT SB00253

An Act Concerning Foreign Political Spending.

Similar Bills

No similar bills found.