The "Local Government Financial Transparency and Accountability Act" aims to enhance the financial transparency and accountability of local governments in Florida by amending several sections of Florida Statutes, including s. 129.03 and s. 129.06. The bill mandates that tentative and final budgets be posted on county and municipal websites for a minimum of 45 days and 5 years, respectively. It also requires local governments to hold budget workshops and publish budget reduction exercises online. Additionally, counties must prepare quarterly compensation summaries for employees and publish budget development calendars, ensuring these documents are accessible to the public.

The bill further addresses transportation impact fees and municipal budget processes, allowing developers to bypass certain approvals if they agree to pay for transportation impacts through local funding mechanisms. It emphasizes the need for demonstrated-need studies based on recent data for impact fees and introduces new definitions and processes for increasing these fees. Municipalities are required to post proposed budget amendments online five days before adoption and maintain accessibility for at least five years. The act is set to take effect on January 1, 2027, and aims to improve fiscal management and transparency in local government operations.

Statutes affected:
H 1329 Filed: 129.03, 129.06
H 1329 c1: 129.03
H 1329 c2: 129.03, 129.06
H 1329 e1: 129.03, 129.06
H 1329 e2: 129.06, 212.055
H 1329 er: 129.06, 212.055