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STATE OF CALIFORNIA DEPARTMENT OF FINANCEECONOMIC AND FISCAL IMPACT STATEMENT (REGULATIONS AND ORDERS) STD. 399 (Rev. 10/2019)ECONOMIC IMPACT STATEMENT DEPARTMENT NAMECONTACT PERSONEMAIL ADDRESSTELEPHONE
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How to fill out economic and fiscal impact
How to fill out economic and fiscal impact
01
Gather data on the project or policy being assessed.
02
Determine the scope of the analysis and the time frame to be considered.
03
Identify the key economic indicators to be included in the analysis, such as employment, GDP, tax revenue, etc.
04
Estimate the direct and indirect effects of the project or policy on these economic indicators.
05
Calculate the fiscal impact by analyzing the expected changes in government revenue and expenditure as a result of the project or policy.
06
Present the findings in a clear and concise manner, highlighting both the positive and negative impacts.
Who needs economic and fiscal impact?
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Government agencies and policymakers
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Businesses considering a new project or investment
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Non-profit organizations advocating for policy changes
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Economic researchers and analysts
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What is economic and fiscal impact?
Economic and fiscal impact refers to the effect that a project, policy, or event has on the economy and public finances, including changes in employment, income, economic growth, and government revenue.
Who is required to file economic and fiscal impact?
Entities such as businesses, government agencies, or organizations that propose projects or policies that may significantly affect the economy are typically required to file an economic and fiscal impact assessment.
How to fill out economic and fiscal impact?
To fill out an economic and fiscal impact, gather relevant data on the project, analyze potential economic outcomes, and complete the required forms by providing detailed information on expected benefits, costs, and fiscal changes.
What is the purpose of economic and fiscal impact?
The purpose of economic and fiscal impact assessments is to evaluate the potential consequences of a project or policy, inform decision-makers, and ensure that the economic benefits and fiscal implications are understood.
What information must be reported on economic and fiscal impact?
Information typically required includes project costs, projected revenues, economic benefits such as job creation, changes in tax revenue, and any environmental or social impacts.
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