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Dsibadadjul13item04 Attachment 4-Page 1 of 4 STATE OF CALIFORNIA DEPARTMENT OF FINANCEECONOMIC AND FISCAL IMPACT STATEMENT (REGULATIONS AND ORDERS) STD. 399 (REV. 12/2008)See SAM Section 6601 6616

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How to fill out economic and fiscal impact

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Start by gathering all the necessary data and information related to the economic and fiscal aspects of the subject you are evaluating.

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Analyze the potential impacts and changes that the subject may have on the economy and public finances.

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Assess the direct and indirect effects on key economic indicators such as GDP, employment, inflation, tax revenues, etc.

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Estimate the short-term and long-term fiscal implications, including both revenue changes and expenditure commitments.

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What is economic and fiscal impact?

Economic and fiscal impact refers to the effects of a project, program, or policy on the economy and government revenues or expenditures. It includes changes in employment, income, construction, and other activities that contribute to the economic environment, as well as the implications for public budgets.

Who is required to file economic and fiscal impact?

Typically, organizations or entities seeking funding, grants, or permit approvals from government agencies are required to file an economic and fiscal impact report. This may include businesses, nonprofits, and local governments.

How to fill out economic and fiscal impact?

To fill out an economic and fiscal impact report, one must gather necessary data about the project, including estimated costs, potential revenue, employment effects, and other economic indicators. Then, use the specific forms provided by the governing body, ensuring all sections are completed accurately.

What is the purpose of economic and fiscal impact?

The purpose of economic and fiscal impact analysis is to evaluate the potential consequences of a project on the local economy and government finances. It helps policymakers and stakeholders understand the benefits and costs associated with proposed initiatives.

What information must be reported on economic and fiscal impact?

Information that must be reported typically includes project details, budget estimates, expected job creation, potential increases in tax revenues, anticipated economic growth, and any costs or negative impacts that may arise.

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