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Legislative staff explains fiscal notes: how costs, local impacts and avoided costs are considered
Summary
Legislative Council staff walked the Colorado Forest Health Council through what fiscal notes are, how the office gathers data from agencies and locals, the typical two-year window for analysis, and when avoided-cost arguments may be included in narratives for legislators.
Bill Zeprinick, manager of the fiscal note section at Legislative Council staff, told the Colorado Forest Health Council on Nov. 14 that fiscal notes are “an objective nonpartisan analysis of the fiscal impacts of proposed legislation.” He said fiscal notes are required by law and intended as a decision-making tool for legislators, though they are not binding on appropriations decisions.
Zeprinick described what fiscal notes contain: a plain-language summary of the bill, estimates of revenue and expenditure impacts, analysis of impacts on state agency workloads and systems, and a narrative section for local government…
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