Fiscal impact statements and estimates; citizen impacts included.
SB 646 expands Virginia fiscal impact statements to include analysis of how bills affect individual citizens' finances, beyond just government budgets.
SB 646 expands Virginia fiscal impact statements to include analysis of how bills affect individual citizens' finances, beyond just government budgets.
SB 646 requires that fiscal impact statements prepared for proposed legislation include analysis of how the bill affects individual citizens and households, not just government budgets. The bill mandates the Department of Planning and Budget expand its standard fiscal impact reporting to quantify citizen-level economic consequences alongside traditional agency cost projections.
Fiscal impact statements are critical documents that inform legislative decisions, yet traditionally focus on government spending and revenue. Adding citizen impact analysis could increase transparency about who bears the actual costs or receives benefits from legislation, potentially shifting how lawmakers and the public evaluate proposed laws.
Compiled from official sources — confirm details with the bill’s official record.
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