Transparency Could Save Governments Billions in Borrowing

Transparency is a divisive issue in the state and local financial market. The main sticking point is time. Governments, the argument goes, cannot be expected to operate at the speed or with the savviness that corporate markets do. But for those dragging their feet on the issue, keep this in mind: States and localities are potentially leaving billions of dollars on the table by not having financial transparency on par with the corporate world.

by Liz Farmer

Full Story: http://www.governing.com/topics/finance/gov-report-transparency-save-governments-billions-borrowing-costs.html