New HampshireSB5862025-2026 Regular SessionSenateWALLET

(New Title) requiring chartered public schools, school administrative units, and cities or school districts not audited under RSA 671:5 to be audited by an independent public accountant after the end of the fiscal year and requiring the results of such audits to be made available to the public.

Sponsored By: Keith R. Murphy (Republican)

Signed by Governor

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Schools must file yearly finance reports or lose state funds

Beginning July 1, 2026, every city, school district, and charter public school must file a yearly finance report. It covers the prior fiscal year and is due by September 1. The report must show receipts and spending by uniform categories and a year-end balance sheet. It must be an independent CPA audit, or a governing-body report if no audit is done. That report must include balance sheets, revenue sources, and itemized spending. It must also list all employees and pay, benefit contributions, assets, debts, bonds, leases, and capital projects. The board chair must certify under penalty of perjury that the report is true and complete. The Department of Education checks for completeness against prior years. It withholds all state education funding until the report is filed and questions are answered to the commissioner’s satisfaction.

Sponsors & Cosponsors

Sponsor

Keith R. Murphy
Republican • Senate

Cosponsors

Bill M. Gannon
Republican • Senate
Daniel E. Innis
Republican • Senate
Howard Pearl
r • Senate
Kevin A. Avard
Republican • Senate
Regina Birdsell
Republican • Senate
Ruth Ward
Republican • Senate
Sharon M. Carson
Republican • Senate
Victoria Sullivan
Republican • Senate

Roll Call Votes

All Roll Calls

Yes: 162 • No: 193

House vote • 4/23/2026

Adopt Floor Amendment