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 Patrick Gallivan and 1 co-sponsor

Requires fiscal notes to include objective, 3-year economic forecasts for the state and localities, repeals a prior provision, boosting transparency and budgeting accuracy.

REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

Overview

Bill Number: S 3379

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 Investigations and Government Operations

Introduced: January 27, 2025

Classification: bill

Purpose and Intent

The bill aims to improve the transparency and rigor of legislative fiscal impact notes by requiring them to include objective calculations of the anticipated economic impacts for the next three years on the state and its subdivisions (e.g., counties, municipalities).

It also includes a repealer, removing a prior provision related to fiscal impact notes (the exact provision repealed is not specified in the available information).

Key Provisions (as indicated by title and status)

Mandatory three-year economic horizon: Fiscal impact notes accompanying proposed legislation must contain objective calculations of expected economic impacts over the next three years, specifically affecting the state and its subdivisions.

Objective calculations: The bill emphasizes the inclusion of objective, presumably standardized, calculations rather than non-quantified or qualitative assessments.

Repealer: The bill repeals a previously existing provision related to legislative fiscal impact notes. The exact prior provision being repealed is not detailed in the provided information.

Who Would be Affected

Legislative bodies and staff: Those preparing and reviewing fiscal impact notes would need to adopt the three-year, objective calculation framework.

State government and subdivisions: Entities affected by proposed laws would be described more explicitly in fiscal notes, potentially influencing policymaking, budgeting, and implementation planning.

Stakeholders and the public: Increased transparency in how proposed legislation could affect economic outcomes, including impact on government budgets, tax receipts, employment, and public services.

Procedural and Timeline Notes

Current stage: The bill has been referred to the Committee on Investigations and Government Operations. There is no available information on a floor vote or a final passage timeline in the provided data.

Introduced date: January 27, 2025.

Related activity: The bill lists numerous related bills from prior sessions (e.g., S 2272, S 1968, S 3456, etc.), indicating ongoing legislative interest in fiscal impact note standards and transparency.

Potential Implications

If enacted, fiscal impact notes would require a more standardized, objective three-year economic forecast, potentially affecting bill evaluations, budgeting considerations, and the legislative decision-making process.

The repealer suggests a shift away from the prior framework, though specifics depend on what is being repealed and how the new requirements interact with existing processes.

Next Steps for Readers

Monitor Committee actions for the bill’s progression and any amendments specifying methodology, definitions of “objective calculations,” and any exceptions.

Review the full text of the bill and any fiscal notes from the sponsor for details on implementation, definitions, and enforcement.

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