Texas Comptroller Glenn Hegar announced The City of Round Rock achieved specific transparency goals related to public pensions through the Comptroller’s Transparency Stars program.
The City of Round Rock received a Transparency Star in the area of public pensions, awarded to local governments whose websites provide visual and narrative explanations of actuarial valuations, contribution rates and benchmark comparisons and meet other criteria.
Transparency Stars recognizes local governments that provide easy online access to important financial data.
“The City of Round Rock should be congratulated for its ongoing commitment to greater public trust. This effort achieves the goals set by our Transparency Stars program,” Hegar said. “Public pension transparency is increasingly important to Texas taxpayers. With this achievement, The City of Round Rock has shown itself to be a leader in responsible fiscal management.”
The Comptroller’s office launched the Transparency Stars program in March 2016 to recognize cities, counties, school districts and special purpose districts making important strides toward greater government transparency. After receiving a Traditional Finances star, local entities can go on to apply in other areas, for up to five stars:
- Traditional Finances
- Contracts and Procurement
- Economic Development
- Public Pensions
- Debt Obligations
For more on the program, including specific guidelines and information on how to apply, visit the Comptroller’s Transparency Stars website.
