· Informed Decision-Making: Fiscal transparency enables policymakers, stakeholders, and the public to make more informed decisions about budget priorities, resource allocation, and policy initiatives. Access to timely and accurate financial data facilitates constructive dialogue and collaboration on important issues.
· Efficiency and Effectiveness: By promoting accountability and informed decision-making, fiscal transparency ultimately contributes to the efficient and effective use of taxpayer dollars. It encourages responsible budgeting practices and encourages government agencies to seek cost-effective solutions.
In summary, fiscal responsibility and transparency are foundational principles of good governance that promote accountability, public trust, and effective resource management in the government of Massachusetts.