A large number of public officials in the United States have access to credit cards in order to make purchases with taxpayer money. However, some communities are hoping to keep these expenses under strict review to avoid unnecessary costs.
In one recent example, lawmakers in Nashua, New Hampshire, voted to keep a closer watch on the district’s credit card spending. Officials voted to have the monthly statements reviewed by the Finance and Operations Committee. Those who are in favor of the measure said that the move was vital to making sure that proper oversight was in place.
“It’s not a matter of trust; I’d trust you with my wallet,” committee member Dennis Ryder said, according to the news source. “It’s about checks and balances.”
While allowing public officials to use the merchant services-related payment method is seen as a must, ensuring proper oversight is essential. As many towns and cities deal with budgetary issues, properly accounting for every dollar spent can be crucial. Keeping a close on on all expenses can help trim costs.Back To Blog