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Senator Crawford presents bill to let smaller counties publish abbreviated financials; supporters urge tidy passage
Summary
Senator Crawford told a House committee that Senate Bill 2 would let smaller counties publish abbreviated financial statements in newspapers, bar price increases for required notices, let the Department of Revenue make a one-time downward adjustment for political subdivisions that fail to file, and move the publication deadline from March to June.
Senator Crawford told the Special Committee on Intergovernmental Affairs that Senate Bill 2 (previously considered in the House as House Bill 352) would update how counties publish annual financial statements, add enforcement flexibilities for political subdivisions, and change publishing deadlines to allow more complete accounting.
Senator Crawford said the measure would let second-, third- and fourth-class counties use an abbreviated annual financial statement format in newspapers—an option currently available to first-class counties—and would prohibit newspapers from charging those counties a higher rate for required publication space. The bill also would permit the Department of Revenue to make a one-time downward adjustment for political…
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