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Get the free Fiscal Impact Statement - The New York City Council - Calendar

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CORPORATE REPORT NO: R127COUNCIL DATE: June 24, 2019REGULAR COUNCIL TO:Mayor & Councilor:General Manager, FinanceSUBJECT:2018 Statement of Financial Informational: June 19, 2019, FILE: 188020RECOMMENDATION The
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To fill out a fiscal impact statement, follow these steps:
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Start by gathering all the necessary information and data related to the proposed project or policy.
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Identify the key components of the project or policy that may have a financial impact, such as costs, revenues, and potential funding sources.
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Calculate the estimated costs involved in implementing the project or policy, including both one-time expenses and ongoing expenses.
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Assess the potential revenue that may be generated as a result of the project or policy, such as taxes, fees, or other sources of income.
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Analyze the potential economic and financial impacts of the project or policy, taking into account factors such as job creation, economic growth, and overall fiscal sustainability.
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Summarize the findings in a clear and concise manner, using tables, charts, and graphs if necessary.
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Review the fiscal impact statement for accuracy and completeness before submitting it to the appropriate authority or department.

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A fiscal impact statement is a document that estimates the financial effects of a proposed policy or legislation.
Government agencies or departments responsible for proposing new policies or legislation are typically required to file fiscal impact statements.
Fiscal impact statements are typically filled out by providing estimates of the costs and revenues associated with the proposed policy or legislation.
The purpose of a fiscal impact statement is to inform policymakers and the public about the financial implications of proposed policies or legislation.
Information such as estimated costs, revenues, and potential economic impacts must be reported on a fiscal impact statement.
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