New York A05421 mandates fiscal impact notes for bills affecting the state or political subdivisions, including objective calculations of economic.

New York A05421 amends the legislative law to require fiscal impact notes for bills that establish or eliminate state programs, significantly change services, or alter revenues or expenses of the state or political subdivisions. These notes must include objective calculations of anticipated economic impacts for the next three years. The senate finance committee and assembly ways and means committee will estimate these impacts based on various factors, including individual political subdivisions or aggregates. Fiscal impact statements will detail estimated costs or savings and their sources.

New York A05421 mandates fiscal impact notes for bills affecting the state or political subdivisions, including objective calculations of economic.

New York A05421 amends the legislative law to require fiscal impact notes for bills that establish or eliminate state programs, significantly change services, or alter revenues or expenses of the state or political subdivisions. These notes must include objective calculations of anticipated economic impacts for the next three years. The senate finance committee and assembly ways and means committee will estimate these impacts based on various factors, including individual political subdivisions or aggregates. Fiscal impact statements will detail estimated costs or savings and their sources.