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This document provides a fiscal note for the bill S0760-1A titled 'Changing Elderly & Disabled Health Care', detailing the financial implications, impacts on state and local funds, and various agencies
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How to fill out fiscal note - mmb
How to fill out Fiscal Note
01
Begin by gathering all necessary financial data related to the bill or proposal.
02
Identify the direct and indirect costs associated with the implementation of the bill.
03
Consult previous fiscal notes for reference and consistency.
04
Clearly outline the anticipated revenues and expenditures.
05
Assess the impact on state or local budgets over the next several years.
06
Provide a summary of the methodology used for the fiscal analysis.
07
Review and revise the fiscal note for clarity and accuracy before submission.
Who needs Fiscal Note?
01
State legislators considering a bill or proposal.
02
Government agencies responsible for budget planning.
03
Policy analysts evaluating the financial impacts of proposed legislation.
04
Stakeholders interested in understanding the fiscal implications of a bill.
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A fiscal note is a written estimate of the costs, savings, revenue gain, or revenue loss that may result from implementation of a bill or joint resolution. It serves as a tool to help legislators better understand how a bill might impact the state budget, individual agencies, and in some instances, local governments.
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What is Fiscal Note?
A Fiscal Note is a document that provides an analysis of the financial impact of proposed legislation, including costs or savings that may result from its implementation.
Who is required to file Fiscal Note?
Typically, legislators, government agencies, and other stakeholders who propose new laws or amendments are required to file a Fiscal Note.
How to fill out Fiscal Note?
To fill out a Fiscal Note, one must provide a detailed description of the proposed legislation, estimated costs, potential savings, and any other financial implications it may have.
What is the purpose of Fiscal Note?
The purpose of a Fiscal Note is to inform decision-makers and the public about the financial consequences of legislation, ensuring that fiscal considerations are taken into account during the legislative process.
What information must be reported on Fiscal Note?
Information reported on a Fiscal Note must include a summary of the proposal, direct costs, indirect costs, potential savings, and other relevant financial data that can affect the budget.
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