Working to transform the child welfare system.


HB 2830: Relating to fiscal notes

HB 2830 relates to fiscal notes. It would amend current statute so that statements of fiscal impact are to be known as fiscal notes and dynamic fiscal impact statements. The bill goes on to define dynamic fiscal impacts and their requirements and limitations. The bill would amend current statute to indicate that no later than January 1, 2018 fiscal notes dealing with corrections, child welfare, and mental health issues should include, in addition to the increases or decreases of state government revenue or expenditures, 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. The bill instructs the Office of Financial Management and the Washington State Institute for Public Policy, in consultation with university-based research institutions, shall work together to implement these mandates.