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House passes bill directing auditor to aggregate cash and investments held by local governments
Summary
House Bill 475 passed the Utah House on March 3, 2025. The bill directs the state auditor to compile and publish an accessible report aggregating cash and investments reported in annual financial reports by political subdivisions; sponsors said the measure is intended to increase transparency without altering existing public-treasure practices.
The Utah House on March 3, 2025, approved first substitute House Bill 475, a measure requiring the state auditor to compile an accessible report aggregating cash and investments that political subdivisions report in their annual financial reports.
Why it matters: Sponsors said the bill will make already-public data easier to review across hundreds of political subdivisions and help inform policy discussions about reserves and cash balances statewide.
House discussion and scope
Representative Walter, the bill sponsor, told the House the bill builds on a 2024 report that prompted…
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