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FROM ANALYSTS DATE FISCAL IMPACT STATEMENT ON BILL NO. S. 1010 Doc. No. 5054cm14. docx The Honorable George E. Chip Campsen Chairperson Senate Fish Game and Forestry Committee State Budget Division Budget and Control Board R.J. Stein Torina Wood March 26 2014 SBD 2014076 AUTHOR SUBJECT Senator McGill Tom Yawkey Center Trust Fund TO PRIMARY CODE CITE 50-3-1010 ESTIMATED FISCAL IMPACT ON GENERAL FUND EXPENDITURES 0 No additional expenditures or savings are expected BILL SUMMARY Senate Bill 1010...

How to fill out fiscal impact statement on

How to fill out fiscal impact statement on:

1. Begin by gathering all relevant financial information and data related to the project or policy being assessed. This may include budget projections, cost estimates, revenue forecasts, and any other financial data that is pertinent to the decision-making process.
2. Analyze the potential impact of the project or policy on various aspects of the economy, such as employment, income levels, tax revenues, and public services. Quantify these impacts, if possible, using reliable economic models or studies.
3. Consider the short-term and long-term effects of the project or policy on different stakeholders, including government entities, businesses, and the general public. Evaluate the benefits and costs associated with each group's perspective.
4. Clearly state the objectives and assumptions underlying the fiscal impact statement. This will provide transparency and allow others to understand the basis of your analysis.
5. Present your findings and conclusions in a clear and organized manner. Use tables, graphs, or any other visual aids to enhance understanding. Provide detailed explanations and reasoning for your assessments.
6. Review and revise your fiscal impact statement for accuracy and clarity. Make sure that all calculations and references are correct and properly cited.
7. Submit the completed fiscal impact statement to the relevant decision-making body or individual. Be prepared to answer any questions or provide additional information if needed.

Who needs fiscal impact statement on:

1. Government agencies: Fiscal impact statements are often required by government agencies to assess the financial consequences of proposed policies, projects, or legislation. These statements help officials make informed decisions and allocate resources effectively.
2. Businesses and investors: Before making significant investments or entering into partnerships with government entities, businesses and investors may request fiscal impact statements to understand the potential financial repercussions. These statements provide crucial information for evaluating the feasibility and profitability of projects.
3. General public and interest groups: Fiscal impact statements can help inform the public and interest groups about the potential economic effects of certain policies or projects. This transparency allows individuals to engage in informed discussions and contribute to the decision-making process.

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What is fiscal impact statement on?

Fiscal impact statement is on a proposed legislation or policy decision.

Who is required to file fiscal impact statement on?

Government agencies or organizations proposing the legislation or policy decision are required to file fiscal impact statement.

How to fill out fiscal impact statement on?

Fiscal impact statement is filled out by providing detailed analysis of the financial implications of the proposed legislation or policy decision.

What is the purpose of fiscal impact statement on?

The purpose of fiscal impact statement is to inform decision-makers and the public about the financial consequences of the proposed legislation or policy decision.

What information must be reported on fiscal impact statement on?

Information such as estimated costs, revenues, savings, and economic impact must be reported on fiscal impact statement.