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STAT EOF CALIFORNIA DEPARTMENT ANANCEECONOMIC AND FISCAL IMPACT STATEMENT (REGULATIONS AND ORDERS) STD. 399 (REV. 12/2013)ECONOMIC IMPACTSTATEMENT DEPARTMENT NAMECONTACTPERSONEMAILADDRESSTELEPHONE
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Gather all relevant data and information about the project or policy.
02
Identify the economic and fiscal impacts that may result from the project or policy.
03
Analyze the direct impacts, such as changes in employment, wages, and business revenue.
04
Assess the indirect impacts, including the ripple effects on other industries and sectors.
05
Consider the potential induced impacts, such as changes in consumer spending and tax revenue.
06
Use appropriate economic and fiscal impact models or tools to quantify and estimate the impacts.
07
Document and present the findings in a clear and comprehensive manner.
08
Interpret the results and provide recommendations or conclusions based on the analysis.

Who needs economic and fiscal impacts?

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Economic and fiscal impacts are needed by various stakeholders, including:
02
- Government agencies: to evaluate the potential effects of proposed policies or projects on the economy and public finances.
03
- Businesses and investors: to assess the economic viability and financial implications of new ventures or investments.
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- Non-profit organizations: to understand the broader socio-economic implications of their initiatives or programs.
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- Researchers and academics: to study and contribute to the field of economic and fiscal impact analysis.
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- Community groups and advocacy organizations: to advocate for or against specific projects or policies based on their economic and fiscal consequences.
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Economic and fiscal impacts refer to the effects that a certain policy, project, or decision may have on the economy and government finances.
Certain government agencies, organizations, or individuals may be required to file economic and fiscal impacts depending on the specific jurisdiction and regulations.
To fill out economic and fiscal impacts, one must gather relevant data, analyze the potential impacts, and report the findings in a structured format as required by the governing body.
The purpose of reporting economic and fiscal impacts is to assess the consequences of a proposed action on the economy and government finances, helping decision-makers make informed choices.
Information such as projected costs, revenues, economic growth rates, taxes, job creation, and other relevant financial data must be reported on economic and fiscal impacts.
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