Get the free FISCAL IMPACT NOTE

COMMISSION ON GOVERNMENT FORECASTING AND ACCOUNTABILITY FISCAL IMPACT NOTE 95TH GENERAL ASSEMBLY BILL NO: SB 0488, as engrossed SPONSOR (S): Jacobs Martinez (Hoffman Poland) SYSTEM(S): May 18, 2007,

How to fill out fiscal impact note

How to fill out a fiscal impact note:

1. Begin by gathering all relevant information and data regarding the proposed policy or project. This can include information on expenses, revenues, and potential economic impact.
2. Identify the key stakeholders who will be impacted by the proposed policy or project. This can include government agencies, businesses, and the general public.
3. Assess the potential financial implications of the policy or project. This can involve analyzing the costs and benefits associated with implementing the proposal.
4. Consider any short-term and long-term effects the policy or project may have on the economy, including potential job creation or loss, changes in tax revenue, and potential changes in government spending.
5. Use appropriate economic models and forecasting techniques to estimate the fiscal impact of the proposal. This can involve analyzing the potential changes in government revenues and expenditures.
6. Clearly document all assumptions, methodologies, and data sources used in the fiscal impact analysis. This will ensure transparency and allow for future scrutiny or evaluation.
7. Present the findings of the fiscal impact analysis in a clear and concise manner. This can include creating tables, charts, or written reports to effectively communicate the results.
8. Seek feedback and input from relevant stakeholders, such as government officials, economists, or community members, to validate the accuracy and relevance of the fiscal impact note.
9. Continuously review and update the fiscal impact note as new information becomes available or as the proposed policy or project evolves.
10. Finally, submit the completed fiscal impact note to the appropriate governing body or decision-making authority.

Who needs a fiscal impact note?

1. Local, state, or federal government agencies or departments who are responsible for making policy or project decisions.
2. Legislators or elected officials who require detailed information on the potential financial implications of proposed policies or projects.
3. Economic development organizations or planning departments who need to assess the economic impact of various initiatives.
4. Researchers, economists, or analysts who are studying the effects of government policies or projects on the economy.
5. The general public, who may be affected by changes in taxes, fees, or government expenditures resulting from proposed policies or projects.

For pdfFiller’s FAQs

How can I modify fiscal impact note without leaving Google Drive?

It is possible to significantly enhance your document management and form preparation by combining pdfFiller with Google Docs. This will allow you to generate papers, amend them, and sign them straight from your Google Drive. Use the add-on to convert your fiscal impact note into a dynamic fillable form that can be managed and signed using any internet-connected device.

Can I edit fiscal impact note on an iOS device?

Create, edit, and share fiscal impact note from your iOS smartphone with the pdfFiller mobile app. Installing it from the Apple Store takes only a few seconds. You may take advantage of a free trial and select a subscription that meets your needs.

How can I fill out fiscal impact note on an iOS device?

pdfFiller has an iOS app that lets you fill out documents on your phone. A subscription to the service means you can make an account or log in to one you already have. As soon as the registration process is done, upload your fiscal impact note. You can now use pdfFiller's more advanced features, like adding fillable fields and eSigning documents, as well as accessing them from any device, no matter where you are in the world.

What is fiscal impact note?

A fiscal impact note is a document that estimates the financial impact of a proposed legislation or policy on government revenues and expenditures.

Who is required to file fiscal impact note?

The government agencies responsible for implementing the proposed legislation or policy are required to file a fiscal impact note.

How to fill out fiscal impact note?

To fill out a fiscal impact note, the agency must analyze the potential financial impact of the proposed legislation or policy and provide an estimate of the costs and benefits involved.

What is the purpose of fiscal impact note?

The purpose of a fiscal impact note is to inform policymakers and the public about the potential financial consequences of a proposed legislation or policy.

What information must be reported on fiscal impact note?

A fiscal impact note must include estimates of the costs and benefits of the proposed legislation or policy, as well as any potential revenue impacts.