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Treasurer, auditor seek statutory sync on withholding of state aid for noncompliant municipalities
Summary
Senator Rita Sanders introduced LB 123 on behalf of the State Treasurer's Office and State Auditor's Office to harmonize statutes governing withholding and redistribution of state aid when cities or villages fail to meet audit or budget reporting requirements.
Senator Rita Sanders introduced LB 123 on behalf of the State Treasurer's Office and the State Auditor's Office, saying the bill would synchronize withholding and redistribution procedures across statutes that govern state aid when a city or village is out of compliance with audit or budget requirements.
Heidi Wallace, Deputy Director of Treasury Management for the State Treasurer's Office, testified in support and gave the most detailed practical rationale. She explained that under current practice forfeited state aid is sometimes redistributed to every city and village in the state, producing de minimis payments, and that…
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