Fiscal Impact Statement
2 definitions

Fiscal Impact Statement

A statement that estimates future costs resulting from the passage of a bill. Fiscal impact statements are prepared by the Legislative Fiscal Office and the Oregon Department of Administrative Services. House and Senate rules require committees to have a Legislative Fiscal Office fiscal impact statement before they take final action on a measure, unless the bill is going to the Ways and Means Committee.

Fiscal Impact Statement

A statement which estimates the amount of increase or decrease in revenue or expenditures and the present or future fiscal implications of the pending legislation.

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About this term

Fiscal Impact Statement has been defined 2 different ways in documents like Oregon Revised Statutes (2007), Glossary of Legislative Terms.

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