AB 2040 Summary

• Requires local agencies to report annual compensation of elected officials, officers, and employees to the State Controller alongside existing financial reports.

• Mandates local agencies that maintain Internet websites to post compensation information in a conspicuous location, either directly or via a link to the Controller's Government Compensation in California website.

• Requires the State Controller to display financial reports and compensation information on its website in a format that can be printed and downloaded.

• Directs the Controller to develop reporting instructions in consultation with affected local agencies regarding compensation disclosure.

• Establishes that if the Commission on State Mandates finds costs are mandated by the state, reimbursement shall be made according to existing statutory procedures.