The bill amends existing laws related to the Legislative Budget and Audit Committee, public school financial information, and audits. It requires the Department of Education to provide an annual report to the legislature and school districts by February 15, which includes various performance metrics and a link to a new public school financial data Internet website established by the Legislative Budget and Audit Committee. The report will now include information on school performance, resources for improvement, and intervention efforts for underperforming students, among other data. Additionally, the bill mandates that school boards conduct annual audits of school accounts and submit certified copies to the Legislative Budget and Audit Committee, the commissioner, and post them publicly.

Furthermore, the bill establishes a searchable Internet website that will host financial information from each school district's annual audits, including detailed expenditure categories and tools for public comparison of school district finances. The website must be accessible at no cost and will provide aggregated information while protecting confidentiality as required by law. The Legislative Budget and Audit Committee is tasked with ensuring compliance and will gradually provide historical financial data for the preceding fiscal years over the next decade.

Statutes affected:
SB0267A, AM SB 267, introduced 02/23/2026: 14.03.078, 14.03.120, 14.03.123, 14.30.760, 14.30.780, 14.03.420, 24.20.207, 14.14.050, 14.17.505