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Sponsor seeks audit exemption for Marylandsmallest municipalities to reduce rising costs
Summary
Sen. Mounts and the Maryland Municipal League asked the committee to exempt very small municipalities with annual revenue at or below $100,000 from the certified legislative audit requirement unless requested by the joint audit committee, citing rising audit costs and limited local budgets.
A bill to exempt the state's smallest municipalities from mandatory certified legislative audits drew a presentation from its sponsor and the Maryland Municipal League, which said audit costs have risen sharply for small jurisdictions.
"What it would do, it would exempt them from the legislative audit. These municipalities would still be required to submit requisite financial information," Senator Mounts told the House Environment…
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