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Bill

A 5421

Requires legislative fiscal impact notes to include objective calculations of anticipated economic impacts for next three years on state or subdivisions; repealer

2025 Regular Session Introduced by Karl Brabenec and 4 co-sponsors

Bill A 5421 mandates objective economic impact calculations in fiscal notes for legislation, enhancing transparency for lawmakers, local governments, and the public.

REFERRED TO GOVERNMENTAL OPERATIONS
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Bill Summary · A 5421

Summary of Bill A 5421

Bill Information

  • Bill Number: A 5421
  • Title: Requires legislative fiscal impact notes to include objective calculations of anticipated economic impacts for next three years on state or subdivisions; repealer
  • Status: Referred to Governmental Operations
  • Introduced: February 14, 2025
  • Classification: Bill

Purpose and Intent

Bill A 5421 aims to enhance the transparency and accuracy of fiscal impact notes associated with legislative proposals. By requiring objective calculations of anticipated economic impacts over the next three years, the bill seeks to provide lawmakers and the public with a clearer understanding of how proposed legislation may affect state finances and local subdivisions.

Key Provisions

  • Fiscal Impact Notes: The bill mandates that all legislative fiscal impact notes must include:
    • Objective calculations of anticipated economic impacts.
    • Projections covering a three-year period.
  • Repealer Clause: The bill includes a provision to repeal any existing laws that may conflict with these new requirements, ensuring that the new standards are uniformly applied.

Affected Parties

  • State Government: The bill will affect how state legislators prepare and present fiscal impact notes for proposed legislation.
  • Local Subdivisions: Local governments and subdivisions will also be impacted, as they will receive clearer projections regarding how state legislation may influence their financial situations.
  • Public and Stakeholders: The general public, advocacy groups, and stakeholders will benefit from increased transparency and better-informed discussions regarding the economic implications of legislative proposals.

Procedural Aspects

  • Current Status: As of February 14, 2025, the bill has been referred to the Governmental Operations committee for further consideration.
  • Next Steps: The bill will undergo review and discussion within the committee, where amendments may be proposed before it is brought to the floor for a vote.

Conclusion

Bill A 5421 represents a significant step towards improving the legislative process by ensuring that economic impacts are thoroughly evaluated and communicated. By requiring objective calculations in fiscal impact notes, the bill aims to foster informed decision-making among lawmakers and enhance public understanding of legislative consequences.

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

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