(Missourinet) – The state auditor’s office has established a page on its website which tracks daily financial activity of Missouri’s $9.4 billion general revenue fund.
Lawmakers and Governor Greitens allocate money in the fund to pay for operations of state agencies and departments.
Auditor Nicole Galloway says the page lets the public keep tabs of state finances, online or on a cell phone, just like they do with their personal bank accounts.
“Just as you would able to check your online bank account personally, we thought that you should be able to do the same thing with your money that’s public dollars, which are tax payer dollars,” Galloway said.
Currently, only total daily transactions are posted on the page, but there are plans to expand the amount of information offered to include detailed information about where money is being collected from, and what it’s being spent on. Galloway says it’ll bring the daily financial activity of the state out into the open.
“The point is to add transparency to how your taxpayer dollars are being spent. You pay your taxes. Millions of dollars go to the state. Here you can see that it’s deposited, and then what bills are being paid,” Galloway said. “So we’re going to add some additional transparency, because it’s important for people to understand that.”
Galloway adds the page is intended to serve lawmakers as well as citizens.
“These are public dollars. And lawmakers should realize what’s coming in and what going out, just as citizens are, as they make these policy decisions and have these policy discussions.”
The balance of the general fund can change drastically if elements such as tax collections are delayed, or are less or more than projected. Lawmakers who head budget committees in the legislature have access to detailed information about the transactions.
After taking office in January, Governor Greitens made roughly $146 million in withholds to shore up a budget crater in fiscal year 2017. His budget for the next fiscal year starting July 1st calls for $572 million in cuts to balance an additional shortfall.
Galloway, who is a Democrat, recently announced an investigation to find the root cause of the deficit.
To see the auditor’s web page showing daily totals of the state’s financial activity click here.