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FISCAL IMPACT STATEMENT TO BE FILED WITH SUBMISSION OF ITEM TO BOARD OF ALDERS DATE: April 20, 2020, FROM: Michael Criscitelli, EDA SUBMISSION ITEM: Order of the Board of Alders of the City of New
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How to fill out fiscal impact statement
How to fill out fiscal impact statement
01
Begin by gathering all relevant data related to the project or policy being assessed.
02
Identify the potential budgetary impact of the project or policy, including both direct and indirect costs.
03
Estimate any potential revenue changes that may result from the implementation of the project or policy.
04
Assess the long-term financial implications of the project or policy on the organization or government entity.
05
Present the information in a clear and concise manner, highlighting key findings and recommendations.
Who needs fiscal impact statement?
01
Government agencies
02
Local municipalities
03
Non-profit organizations
04
Businesses seeking government contracts
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What is fiscal impact statement?
A fiscal impact statement is a document that outlines the financial effects of a proposed policy or legislative action on government revenues and expenditures.
Who is required to file fiscal impact statement?
Government agencies, legislators, or individuals proposing a policy or legislative action are required to file a fiscal impact statement.
How to fill out fiscal impact statement?
To fill out a fiscal impact statement, one must provide detailed information on the projected costs and benefits of the proposed policy or legislative action.
What is the purpose of fiscal impact statement?
The purpose of a fiscal impact statement is to inform decision-makers and the public about the financial implications of a proposed policy or legislative action.
What information must be reported on fiscal impact statement?
A fiscal impact statement must include projected costs, revenues, and economic impact of the proposed policy or legislative action.
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