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Staff outlines fiscal-note workflow and weekly fiscal impact report
Summary
Legislative fiscal staff explained how fiscal notes are requested, agency response timelines, and how the committee will use the weekly fiscal impact report to track bills that contain or affect appropriations.
Keith Mantz of the Legislative Council fiscal staff briefed the Appropriations Committee on fiscal notes and the fiscal impact report process.
Mantz said fiscal notes are requested for introduced bills that appear to affect revenues or expenditures; agencies have five calendar days to return a fiscal note for a bill and one day to return a note for an amendment. He said any bill containing an appropriation is treated as having a fiscal impact and will be tracked.
The fiscal impact report compiles bills with an estimated fiscal effect of $100,000 or more and all appropriation bills except main agency appropriation bills; the report is updated weekly and distributed each Wednesday. Mantz explained that when an appropriation or fiscal-impact bill receives a do-pass by an appropriations division, staff move it into the budget status report and mark it with an asterisk on the fiscal impact report so it is not double-counted in totals.
Why it matters: The fiscal impact report gives the committee a near-real-time view of introduced bills' potential budgetary consequences and is a central tool as the committee balances proposed spending and available revenue.
Sources: Remarks by Keith Mantz.
