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FISCAL NOTE Requested by Legislative Council 01/31/2005 Amendment to: HE 1357 1A. State fiscal effect: Identify the state fiscal effect and the fiscal effect on agency appropriations compared to funding

How to fill out guide to fiscal notes

1. First, gather all the necessary information regarding the fiscal note. This may include the proposed legislation, budgetary data, and relevant financial analysis.
2. Next, review the specific guidelines and requirements set forth by the governing body or organization for which the fiscal note is being prepared. These guidelines will outline the necessary format, content, and submission process.
3. Begin drafting the fiscal note by providing a clear and concise summary of the proposed legislation or policy. This summary should outline the objectives, potential impacts, and any budgetary considerations.
4. Analyze the potential fiscal impact of the proposed legislation. This may involve assessing costs, revenues, expenditures, potential savings, and economic implications. Ensure that all relevant financial data is thoroughly researched and accurately presented.
5. Provide a detailed breakdown of the projected costs and benefits associated with the proposed legislation. Use tables, graphs, or other visual aids to effectively represent the financial information.
6. Conduct a thorough review of the fiscal note to ensure accuracy, clarity, and completeness. Verify that all calculations are correct, sources are properly cited, and supporting evidence is provided where necessary.
7. Seek feedback and input from relevant stakeholders or experts to ensure that the fiscal note adequately addresses all pertinent concerns and perspectives.

Who needs guide to fiscal notes?

1. Legislators: Lawmakers require a guide to fiscal notes to understand the potential financial impact of the proposed legislation they are considering. This information helps them make informed decisions and evaluate the feasibility of the proposed policies.
2. Agencies and Departments: Government agencies and departments may need a guide to fiscal notes to prepare accurate assessments of the potential financial implications of the proposed legislation. This information is crucial for policy planning, resource allocation, and budgetary decision-making.
3. Advocacy Groups: Nonprofit organizations, special interest groups, and advocacy organizations often rely on fiscal notes to understand the financial effects of proposed policies. This knowledge helps them analyze and shape public opinion, lobby for specific changes, and contribute to the legislative process.
4. General Public: The general public may need a guide to fiscal notes to comprehend the financial consequences of proposed legislation. Access to this information allows individuals to engage in informed discussions, participate in public hearings, and hold elected officials accountable for their decisions regarding fiscal matters.

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