Bill
LB 625
LB 625 establishes a statewide database of school district finances, allowing the public to access comprehensive financial data across Nebraska's school districts.
Purpose and Intent:
- LB 625 aims to create an easily accessible, publicly available database of financial information for all school districts in Nebraska.
- The database would include details such as revenue sources, expenditures, and a balance sheet with all assets, liabilities, committed and uncommitted funds.
Key Provisions:
- The Department of Administrative Services (rather than the Department of Revenue) is responsible for developing, maintaining, and publicly displaying the database on its website.
- The budget administrator of the Department of Administrative Services (rather than the Tax Commissioner) will set the implementation deadline for the database, which must be no later than January 1, 2026.
- School districts are required to provide the necessary financial information to the Department annually, and the Department must update the database within 30 days of receiving new data.
- The law ensures that confidential or non-public information is not required to be disclosed.
Impact and Affected Parties:
- This bill would affect all school districts in Nebraska, requiring them to submit their financial data annually for inclusion in the statewide database.
- Taxpayers and the general public would have access to comprehensive, centralized financial information about Nebraska's school districts through the online database.
- The Department of Administrative Services would be tasked with the ongoing management and maintenance of the database.
Procedural and Timeline Aspects:
- LB 625 was introduced on January 22, 2025 and referred to the Education Committee.
- The Education Committee advanced the bill to General File with an amendment (AM108) on February 24, 2025.
- The bill was indefinitely postponed on June 2, 2025.
Compiled from official sources — confirm details with the bill’s official record.
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