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1 Version 10.21.11 FISCAL IMPACT ANALYSIS WORKSHEET AND ASSUMPTIONS Please fill out all applicable sections. Please use the provided spreadsheet to perform calculations. If space provided is insufficient,
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How to fill out fiscal impact analysis worksheet

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How to Fill Out Fiscal Impact Analysis Worksheet:

01
Start by gathering relevant financial data: Gather all necessary financial information, such as revenue and expense projections, capital expenditures, and anticipated funding sources. This data will serve as the foundation for your analysis.
02
Identify the purpose and scope of the analysis: Determine the specific goals and objectives of the fiscal impact analysis. Clearly define the scope of the analysis, including any specific timeframes or geographic areas to be considered.
03
Assess the impact factors: Identify the various factors that may influence the fiscal impact, such as changes in population, economic conditions, development projects, policy changes, or any other relevant factors. Consider both positive and negative impacts.
04
Quantify the impacts: Use appropriate quantitative methods to quantify the fiscal impacts. This may involve forecasting future revenues, estimating costs, calculating potential tax revenues, or analyzing specific financial indicators.
05
Analyze the implications: Once the impacts are quantified, analyze the implications for the affected parties. This could include evaluating the financial sustainability of a project, assessing the affordability of proposed policy changes, or determining the fiscal benefits or burdens for different stakeholders.
06
Prepare the worksheet: Based on the analysis, prepare a worksheet that outlines all the relevant financial data, impacts, and implications. Organize the information in a clear and concise manner, utilizing charts, graphs, or tables where necessary.
07
Review and verify the worksheet: Before finalizing the analysis, review the worksheet for any errors or inconsistencies. Double-check the calculations, validate the assumptions, and ensure that the information presented accurately reflects the analysis conducted.

Who Needs Fiscal Impact Analysis Worksheet:

01
Government agencies: Various government entities, including local, state, and federal agencies, often require fiscal impact analysis to assess the financial effects of proposed projects, policies, or regulations. This helps them make informed decisions and allocate resources effectively.
02
Developers and investors: Developers and investors who are planning large-scale projects, such as infrastructure development, real estate developments, or industrial projects, may need a fiscal impact analysis to evaluate the potential financial implications and viability of their proposed investments.
03
Advocacy groups and nonprofits: Nonprofit organizations and advocacy groups may use fiscal impact analysis to advocate for or against specific policies, projects, or funding allocations. It helps them understand the financial consequences and impacts on the communities they serve.
04
Planning and consulting firms: Planning and consulting firms specializing in economic development, urban planning, or public policy often utilize fiscal impact analysis to guide their clients in making informed decisions. They provide expert analysis and recommendations based on the financial data and impacts assessed.
Overall, anyone involved in decision-making processes related to public finance, policy, or development can benefit from utilizing a fiscal impact analysis worksheet. It serves as a valuable tool to evaluate the financial consequences and assess the feasibility of various projects, policies, or investment opportunities.
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The fiscal impact analysis worksheet is a tool used to assess the financial implications of a particular policy, program, or project.
Government agencies, organizations, or individuals responsible for implementing a policy, program, or project may be required to file a fiscal impact analysis worksheet.
The worksheet typically requires information on estimated costs, revenues, and other financial indicators related to the policy, program, or project.
The purpose of the fiscal impact analysis worksheet is to evaluate the economic consequences of a proposed action and assist decision-makers in making informed choices.
Information such as projected costs, revenues, potential risks, and benefits must be reported on the fiscal impact analysis worksheet.
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