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*SB0174.3×Reprinted February 1, 2012SENATE BILL No. 174 ___ DIGEST OF SB 174 (Updated January 31, 2012 1:32 pm DI 73) Citations Affected: IC 361.5; IC 364; IC 367. Synopsis: Local government reorganization.

How to fill out fiscal impact statements

How to fill out fiscal impact statements

1. Review the instructions provided by the entity requesting the fiscal impact statement.
2. Gather all relevant financial data and projections related to the proposed project or policy.
3. Identify all potential costs and revenues associated with the project or policy.
4. Calculate the net fiscal impact by subtracting the total costs from the total revenues.
5. Ensure that all assumptions and methodologies used in the calculation are clearly documented.
6. Submit the completed fiscal impact statement to the appropriate stakeholders for review and approval.

Who needs fiscal impact statements?

1. Government agencies considering new projects or policies
2. Legislators evaluating proposed legislation
3. Municipalities planning budget allocations

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What is fiscal impact statements?

Fiscal impact statements are documents that estimate the financial effects of proposed legislation or government actions, assessing how they would impact revenue, expenditures, and overall fiscal health.

Who is required to file fiscal impact statements?

Entities such as government agencies, legislative committees, and sometimes private organizations proposing new legislation or regulations are required to file fiscal impact statements.

How to fill out fiscal impact statements?

To fill out fiscal impact statements, one must provide detailed estimates of costs and revenues associated with the proposed action, including methodologies used for the estimates and supporting data.

What is the purpose of fiscal impact statements?

The purpose of fiscal impact statements is to provide lawmakers and stakeholders with a clear understanding of the financial implications of proposed policies, aiding in informed decision-making.

What information must be reported on fiscal impact statements?

Fiscal impact statements must typically report estimated costs, potential revenue changes, funding sources, the economic impact on affected parties, and any assumptions made in calculations.