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LFO explains fiscal impact statements, current-service level and 5% reduction target
Summary
Legislative Fiscal Office staff outlined how fiscal impact statements are developed, the calculation of current service level and a planned 5% across‑the‑board reduction in agency budgets for initial planning.
Legislative Fiscal Office staff briefed the Transportation and Economic Development subcommittee on how fiscal impact statements are prepared, what constitutes a current service level and why the subcommittee is planning a 5% across‑the‑board reduction in agency budgets as a contingency.
Why it matters: fiscal impact statements and current‑service‑level calculations frame the numerical baseline that the Legislature uses to decide what to fund. The 5% reduction is an early planning assumption intended to prepare for a weaker revenue forecast.
Michelle Dyster, LFO lead analyst for the subcommittee, described the fiscal impact statement as “an objective analysis of the direct financial impacts of a measure” and explained the office’s methodology. Dyster said the LFO seeks input from agencies, cities, counties and tribes, then evaluates…
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