Commission weighs dynamic fiscal notes as tool to capture long-term impacts
The Legislative Budget Office Oversight Commission heard a National Conference of State Legislatures presentation on dynamic fiscal notes and debated whether Minnesota should pilot dynamic analysis for areas with strong evidence, such as certain health and human services programs.
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Erica McKellar of the National Conference of State Legislatures told the Legislative Budget Office Oversight Commission on Jan. 22 that dynamic fiscal notes attempt to quantify downstream economic effects of policy changes, and that several states have experimented with the approach.
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