Open spending data informs citizens, journalists, and government officials alike as to just how public funds are being spent. Spending data should include a complete list of city expenditures at a detailed transactional level (including tax breaks, loans, contracts, grants, and operational spending). In other words, records should be fairly granular, covering, for instance, month to month expenditures on specific items costing in the thousands rather than the millions. This data category refers to detailed ongoing data on actual expenditures; a database of contracts awarded is not considered sufficient. (More info)