Ahead of the 2024 municipal elections K-Monitor has taken a snapshot of the transparency of the largest municipal asset management companies in Hungary!
K-Monitor evaluated the disclosure practices of 31 municipal companies in the capital and in other major cities. The evaluation based on 27 criteria revealed which companies are performing the best, are the most transparent, or struggle with serious deficiencies. The assessment was shared with the municipal companies in October 2023, one month before the eventual publication of the results, to give them the opportunity to address shortcomings. Many of them made measurable progress during the short period.
K-Monitor is publishing the results and lessons learned from this company-level audit leading up to the transparency assessment of 29 significant municipalities. K-Monitor, together with Transparency International Hungary and Átlátszó.hu has launched the “This is the minimum!” transparency program for municipalities and have already conducted a mid-term review during the Spring of 2022. Currently, K-Monitor is in the process of finalizing the end-of-term review of municipalities, which is expected to be published at the end of February 2024.
The goal of publishing the rankings of municipal asset management companies as well as the municipalities themselves is to incentivize local actors to improve their transparency before the municipal campaign period starting in Spring 2024.