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S 5380

Requires introducer's memorandum to include a statement of fiscal impact affecting political subdivisions

2025 Regular Session Introduced by Pete Harckham

Bill S 5380 requires lawmakers to include fiscal impact statements in their proposals, ensuring local governments understand the financial effects of new legislation.

REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
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Bill Summary · S 5380

Summary of Bill S 5380

Bill Number: S 5380
Title: Requires introducer's memorandum to include a statement of fiscal impact affecting political subdivisions
Status: Referred to Investigations and Government Operations
Introduced On: February 21, 2025
Classification: Bill

Purpose and Intent

Bill S 5380 aims to enhance transparency and accountability in the legislative process by requiring that any memorandum introduced alongside a bill includes a detailed statement of its fiscal impact on political subdivisions. Political subdivisions typically refer to local governments, such as counties, cities, and towns, which may be affected by new legislation.

Key Provisions

  • Fiscal Impact Statement Requirement: The bill mandates that all introducers of legislation provide a comprehensive fiscal impact statement in their memoranda. This statement must outline how the proposed legislation will financially affect local governments and other political subdivisions.

  • Scope of Impact Analysis: The fiscal impact statement should include:

    • Estimated costs or savings to political subdivisions.
    • Potential changes in revenue or expenditures resulting from the legislation.
    • Any long-term financial implications that may arise from the implementation of the bill.

Affected Entities

  • Political Subdivisions: Local governments, including counties, cities, towns, and other municipal entities, will be directly impacted by this bill. They will benefit from clearer insights into the financial implications of proposed legislation, allowing for better budgeting and planning.

  • Legislators and Policy Makers: The bill will also affect legislators who will need to prepare more thorough memoranda, ensuring they consider the financial ramifications of their proposals on local governments.

Procedural Aspects

  • Current Status: As of February 21, 2025, the bill has been referred to the Committee on Investigations and Government Operations for further consideration.

  • Related Legislation: This bill is related to several prior-session bills, including:

    • S 7060
    • S 656
    • S 5966
      These related bills may provide context or background on previous attempts to address fiscal transparency in legislative processes.

Conclusion

Bill S 5380 represents a significant step towards improving the legislative process by ensuring that the financial implications of new laws on local governments are clearly articulated and considered. By mandating fiscal impact statements, the bill seeks to foster informed decision-making among legislators and promote fiscal responsibility at the local level.

Compiled from official sources — confirm details with the bill’s official record.

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