General Assembly Proposed Bill No. 5885, introduced by Representative Bumgardner of the 41st District, aims to amend the general statutes to create a system for municipal financial data reporting. This system is intended to be modeled after the OpenCheckbook portal, which is an existing platform designed to provide transparent financial data to the public.

The purpose of the bill is to enhance transparency by establishing a standardized reporting system for municipalities, allowing citizens to access financial information similar to the way the OpenCheckbook portal operates. The bill does not include specific details on the insertions or deletions to the current law, as it is a proposal to enact a new system rather than modify existing legal language.