The Michigan Transparency Network (MiTN), the state’s new online personal financial disclosure system that requires elected officials, candidates, and their spouses to publicly report details of their finances, has launched.
Background:
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- In 2022, Michigan voters adopted Proposal 1, establishing personal financial disclosure requirements.
- Prior to passage, Michigan was one of only two states that didn’t require elected officials to disclose their finances to the public.
- The ballot proposal requires the Bureau of Elections to create and maintain an online system for the reports.
The New Law:
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- Requires the governor, lieutenant governor, secretary of state, attorney general, state senators, and state representatives to file financial disclosure reports with MiTN.
- Candidates for those positions must also file reports. A limited amount of information for spouses must also be reported.
- The deadline to file reports is April 15, 2024, for currently serving public officials and May 15, 2024, for candidates.
- The law requires reporting for 13 categories including employers and earned income, assets, securities and investments, and financial interests with state contracts.
For more information, or to view the disclosure reports after they are filed, please click here.
