Relating to the publication of annual financial statements by a municipality.

HB 1673 requires Texas municipalities to prepare and publish annual financial reports detailing all revenue sources (like taxes and grants), types of spending, and year-end balances for each fund. This directly affects all Texas cities, towns, and counties that operate municipal funds. The bill mandates that governing bodies submit these reports to the state comptroller within two months after their fiscal year ends, and the comptroller must post them on a publicly searchable webpage on their website. The law aims to increase transparency in local government finances by standardizing and centralizing access to municipal financial data. It takes effect September 1, 2025.