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Superseded 5/9/2017 20A7202.5Initial fiscal impact estimate Preparation of estimate Challenge to estimate. (1) Within three working days of receipt of an application for an initiative petition, the
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Initiative 11 initial fiscal refers to a financial disclosure document required for certain initiatives to outline the anticipated fiscal impact and budgetary considerations of the proposed initiative.
Individuals or organizations that sponsor or propose an initiative that has fiscal implications are required to file the initiative 11 initial fiscal.
To fill out initiative 11 initial fiscal, the sponsor needs to provide detailed information on projected revenues and expenditures associated with the initiative, along with any assumptions made during the estimation process.
The purpose of initiative 11 initial fiscal is to provide transparency regarding the financial impact of proposed initiatives, helping voters make informed decisions.
Information that must be reported includes projected revenues, anticipated expenditures, fiscal year impacts, and any relevant assumptions or methodologies used in the analysis.
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