This bill mandates the Auditor of Public Accounts to create and maintain a comprehensive database of financial information for all counties and municipalities in Nebraska. The database will include details such as revenue sources, expenditures, and balance sheets reflecting all assets and liabilities, based on the most recent audit reports. The Auditor is required to make this information publicly accessible on their website and to establish an implementation date for the database by January 1, 2027. Counties and municipalities are obligated to provide necessary financial data annually, including historical information dating back to the calendar year 2016.

Additionally, the bill specifies that the database will cover various classes of cities, including metropolitan, primary, first class, second class, and villages, with similar requirements for financial reporting and updates. Importantly, the bill ensures that no confidential information, as defined by state or federal law, will be disclosed in the database. This initiative aims to enhance transparency and accountability in the financial operations of local governments across Nebraska.