Members of the councils that recommend how billions of public dollars are spent on economic development will not be required to disclose more information about their finances and possible conflicts.
That’s because the state budget, passed late Sunday, does not include any of the proposals to potentially make Regional Economic Development Councils more transparent.
State legislators in both the Assembly and Senate sought to require REDC members to disclose their finances, deliberate in the open and file public notices of any of their ties to organizations seeking state money.
The councils include local leaders and business owners who advise state agencies on investments. Critics have said potential conflicts exist when business owners give advice on what companies win state money and meet behind closed doors.