HB 2252 concerns fiscal impacts of bills and budgets. The legislature emphasizes the critical importance of more information about the longer-term and holistic impact of budget decisions.
The bill requires fiscal notes dealing with corrections, child welfare, and mental health issues to include an estimate of the fiscal impact of expenditure reductions or increases on other state or local program expenditures as well as any return on investment as a result of the legislation.
HB 2252 also requires the Office of Financial Management and the state institute for public policy to work with university-based research institutions to implement the change in fiscal notes and also convene a work group to explore the establishment of a nonpartisan agency to conduct objective, impartial fiscal analysis on behalf of the legislature.
