Michigan HB6255 requires fiscal analyses for bills affecting local governments, detailing financial impacts and costs.

Michigan HB6255 mandates that the Senate Fiscal Agency and the House Fiscal Agency prepare fiscal analyses for bills affecting local governments. These analyses must include a summary of changes to existing law, an estimate of financial impacts on governmental revenues and expenditures, and an estimate of direct and indirect costs to local units of government. If the bill affects state taxes or fees, the analysis may include an estimate of the impact on payers. The analyses must be provided to the committee clerk and made public on the internet.

Michigan HB6255 requires fiscal analyses for bills affecting local governments, detailing financial impacts and costs.

Michigan HB6255 mandates that the Senate Fiscal Agency and the House Fiscal Agency prepare fiscal analyses for bills affecting local governments. These analyses must include a summary of changes to existing law, an estimate of financial impacts on governmental revenues and expenditures, and an estimate of direct and indirect costs to local units of government. If the bill affects state taxes or fees, the analysis may include an estimate of the impact on payers. The analyses must be provided to the committee clerk and made public on the internet.