Establishes dynamic fiscal impact statements as part of the fiscal note process, subject to specified conditions, including submission of a request 60 days in advance of the legislative session.
Authorizes requests for dynamic fiscal impact statements to account for behavioral changes and consequent fiscal impacts when the legislation has an annual revenue impact more than positive or negative $10 million a year.
Directs fiscal notes, subject to specified conditions, to include an estimate of the fiscal impact of expenditure reductions or increases on other state or local program expenditures and return on investment information.
Limits that additional information to legislation dealing with corrections, child welfare, and mental health issues and where the projected impact to state expenditures is more than positive or negative $5 million.
Establishes a work group to explore creating a new nonpartisan fiscal agency and to consider whether existing named entities or a new entity should subsume those responsibilities.
Directs the work group to study the accuracy and reliability of fiscal notes by examining a sample of fiscal notes on enacted legislation.
From the Substitute House Bill Analysis 2017 (SSB 5443), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not passDid not pass · passed Senate, stalled in House