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This document provides an economic and fiscal analysis of regulations related to the classification of endosulfan as a toxic air contaminant in California, assessing impacts on businesses, job creation,

How to fill out economic and fiscal impact

How to fill out Economic and Fiscal Impact Statement

1. Start with basic project information, including the name, location, and a brief description.
2. Outline the economic assumptions, such as projected revenues, expenses, and any relevant economic indicators.
3. Detail the expected job creation and workforce impacts, including the number of jobs and types of positions.
4. Calculate the fiscal impacts, including estimated tax revenues and costs to local government.
5. Include any external factors that might influence the project, such as market trends or regulatory issues.
6. Provide a summary of the benefits and drawbacks of the project on the local economy and community.

Who needs Economic and Fiscal Impact Statement?

1. Government agencies assessing new projects to understand economic implications.
2. Businesses and developers seeking to demonstrate the viability and impact of their projects.
3. Investors looking for insight into the financial feasibility and community impact of potential ventures.
4. Community organizations interested in understanding how projects affect local economies.

People Also Ask about

What are some examples of economic impact?

Any change in economic activity – a concert or another event, an opening of a new retail store, expansion of a manufacturing facility – triggers a larger change in the local economy. An economic impact study is a way to measure the resulting increase in output produced, incomes earned and jobs created or supported.

What are fiscal impacts?

Fiscal impact refers to the effect that a particular policy, decision, project, or activity will have on the financial situation of a government, organization, or business.

What is the purpose of a fiscal note?

The primary function of a fiscal note is to inform Legislators of a piece of legislation's financial impact on State Government (i.e. the costs, savings and/or revenue increases or decreases) and the costs incurred by local units of government.

What is the fiscal impact statement?

What is a fiscal impact statement? A fiscal impact statement (FIS) provides an estimate of the impact a bill or resolution has on the District government's revenues and expenditures.

What is an example of a fiscal impact analysis?

For example, if one were analyzing a proposal to build a new baseball stadium, the new tax revenue from the building and property – as well as the costs for providing additional public security and emergency services (police, fire, ambulance, etc.) – would factor into the analysis.

What is the economic and fiscal impact?

The economic impact analysis includes the employment and wage impact, including indirect and induced influences. The fiscal impact analyzes the costs and benefits of employees, wages, construction, new business activity and incentives.

How to write an economic impact statement?

You'll want to include the following in an economic impact statement: Who is being impacted (region, groups, etc.) Results of economic impact study as to the financial benefits or drawbacks to economic output, regional value added, jobs, and household earnings.

What is a fiscal impact statement?

A fiscal impact statement is a projection, prepared by a state official or a government agency, that evaluates how the adoption of a ballot measure would influence state finances. Eighteen of the 26 states that provide for initiative or referendum require some kind of fiscal analysis.

For pdfFiller’s FAQs

What is Economic and Fiscal Impact Statement?

An Economic and Fiscal Impact Statement is a document that assesses the anticipated economic and financial effects of a proposed law or regulation on the public and the government.

Who is required to file Economic and Fiscal Impact Statement?

Typically, governmental agencies, lawmakers, or any entity proposing new legislation or policy changes are required to file an Economic and Fiscal Impact Statement.

How to fill out Economic and Fiscal Impact Statement?

To fill out an Economic and Fiscal Impact Statement, one must gather relevant data, analyze the potential economic effects, fill in the required sections systematically, and provide supporting documentation where necessary.

What is the purpose of Economic and Fiscal Impact Statement?

The purpose of the Economic and Fiscal Impact Statement is to provide a comprehensive analysis of how proposed legislation will impact economic conditions and fiscal responsibilities, aiding decision-makers in understanding the broader implications.

What information must be reported on Economic and Fiscal Impact Statement?

The information reported on an Economic and Fiscal Impact Statement generally includes projected costs, anticipated benefits, affected populations, economic trends, and any revenue impacts associated with the proposed legislation.