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STATE OF CALIFORNIA DEPARTMENT OF FINANCEECONOMIC AND FISCAL IMPACT STATEMENT (REGULATIONS AND ORDERS)STD. 399 (REV, 12/2013)ECONOMIC IMPACT STATEMENTDEPARTMENT Named and Agriculture DESCRIPTIVE TITLE

How to fill out fiscal economic impact statement

How to fill out fiscal economic impact statement

1. To fill out a fiscal economic impact statement, follow these steps:
2. Start by gathering the necessary information and data regarding the proposed project or policy.
3. Identify the potential economic impacts that the project or policy may have.
4. Analyze the direct and indirect effects of the project or policy on various economic factors such as employment, income, and production.
5. Assess the fiscal impacts, including any potential changes in tax revenues, government expenditures, and public services.
6. Use economic models or forecasting techniques to estimate the short-term and long-term effects of the project or policy.
7. Prepare a detailed report or statement summarizing the economic findings and conclusions.
8. Clearly present the methodology used and provide supporting evidence or data for the conclusions reached.
9. Review and revise the statement as necessary, ensuring accuracy and completeness.
10. Submit the fiscal economic impact statement to the relevant authorities for review and consideration.
11. Be prepared to address any questions or provide additional information if requested during the review process.

Who needs fiscal economic impact statement?

1. A fiscal economic impact statement is typically needed by government agencies, policymakers, or decision-makers who are evaluating the potential economic effects of a proposed project or policy.
2. It can also be required by organizations or individuals seeking funding or regulatory approval for a project, as it provides a comprehensive analysis of the project's economic implications.
3. Furthermore, economists, researchers, or analysts may use fiscal economic impact statements to study the economic effects of past projects or policies and inform future decision-making.
4. Overall, anyone involved in making or evaluating important economic decisions can benefit from a fiscal economic impact statement.

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What is fiscal economic impact statement?

A fiscal economic impact statement is a document that outlines the anticipated effects of a proposed project or policy on the economy, including revenue, expenditures, and overall economic activity.

Who is required to file fiscal economic impact statement?

Entities such as government agencies, municipalities, and certain businesses that are seeking grants, tax incentives, or approval for economic development projects are typically required to file a fiscal economic impact statement.

How to fill out fiscal economic impact statement?

To fill out a fiscal economic impact statement, one must provide detailed information regarding the project, including expected costs, economic benefits, job creation, and any public financial impacts, typically following a prescribed format provided by the relevant authority.

What is the purpose of fiscal economic impact statement?

The purpose of a fiscal economic impact statement is to provide policymakers and the public with an understanding of the economic consequences of proposed actions, thereby aiding in informed decision-making.

What information must be reported on fiscal economic impact statement?

Information that must be reported includes project description, total estimated costs, anticipated economic benefits, job creation, sources of funding, and other relevant financial data.