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.

    Oregon State Legislature 1

1Oregon State Legislature, Legislative Glossary of Terms, http://­­glossary.html (last accessed May 27, 2009).