Requires detailed fiscal impact notes on certain legislation stating the estimated annual cost to the political subdivision affected and the source of such estimate; provides that bills will be invalidated if the funding source is not provided or the fiscal impact results in an annual net additional cost in excess of $10,000.
Summary
Bill A07795 aims to amend the legislative law to require detailed fiscal impact notes for certain legislation that affects political subdivisions, such as counties and cities. These fiscal impact notes must include the estimated annual cost to the affected political subdivision and the source of that estimate. If a bill does not include this funding source, it will be invalidated. The bill also stipulates that inaccuracies in the fiscal impact notes that result in additional costs exceeding $10,000 for any political subdivision or $1 million for all subdivisions combined will not invalidate the bill.
Impact
This legislation will enhance transparency and accountability in the legislative process by ensuring that any proposed bills that could financially impact local governments are accompanied by a clear fiscal analysis. It will require lawmakers to consider the financial implications of their proposals more carefully, potentially leading to more fiscally responsible legislation. The requirement for a funding source in the fiscal notes aims to prevent unfunded mandates on local governments.
Sentiment
The sentiment surrounding Bill A07795 appears to be generally supportive, as it addresses concerns about the financial implications of legislation on local governments. However, there may be some apprehension regarding the potential administrative burden this could place on legislators and the legislative process, particularly in terms of the accuracy and timeliness of the fiscal impact notes.
Contention
Notable points of contention may arise from concerns about the feasibility of accurately estimating fiscal impacts, especially for complex legislation. Some legislators may argue that the requirement to invalidate bills lacking a funding source could hinder legislative progress or lead to unintended consequences. Additionally, there may be differing opinions on what constitutes a 'substantial' impact on political subdivisions, potentially leading to debates on the thresholds set in the bill.
Same As
Requires detailed fiscal impact notes on certain legislation stating the estimated annual cost to the political subdivision affected and the source of such estimate; provides that bills will be invalidated if the funding source is not provided or the fiscal impact results in an annual net additional cost in excess of $10,000.
Requires detailed fiscal impact notes on certain legislation stating the estimated annual cost to the political subdivision affected and the source of such estimate; provides that bills will be invalidated if the funding source is not provided or the fiscal impact results in an annual net additional cost in excess of $10,000.
Requires detailed fiscal impact notes on certain legislation stating the estimated annual cost to the political subdivision affected and the source of such estimate; provides that bills will be invalidated if the funding source is not provided or the fiscal impact results in an annual net additional cost in excess of $10,000.
Requires a three-year moratorium on unfunded mandates from the legislature; invalidates legislation that does not contain a detailed fiscal note identifying a funding source for certain costs to a political subdivision; restores the mandate relief council.
Requires a three-year moratorium on unfunded mandates from the legislature; invalidates legislation that does not contain a detailed fiscal note identifying a funding source for certain costs to a political subdivision; restores the mandate relief council.
Requires legislative fiscal impact notes to include objective calculations of anticipated economic impacts for next three years on state or political subdivisions.
Requires legislative fiscal impact notes to include objective calculations of anticipated economic impacts for next three years on state or political subdivisions.
Requires legislative fiscal impact notes to include objective calculations of anticipated economic impacts for next three years on state or political subdivisions.