Fiscal Note 101

LBB answers questions about the mysteries of fiscal notes:

 

Q. If an agency resubmits information regarding a bill’s impact, is the LBB obligated to use the latest information? A. No, the LBB uses the information it believes to be most accurate and reliable. If an agency resubmits information that differs substantially from that agency’s original submission, the LBB will evaluate that information and use whichever submission is determined to be most accurate and reliable. The LBB is not obligated to use agency estimates of costs, impacts, caseloads, etc.   

Q. What is the distinction between “No Fiscal Implication” (NFI) and “No Significant Fiscal Implication (NSFI)”?
A. The term “No Fiscal Implication” (NFI) means that implementing the provisions of the bill will not require any additional resources from the state, nor will there be any state revenue impact.

“No Significant Fiscal Implication” (NSFI) means that the change in resources necessary to implement a program is insignificant relative to the budget of an affected agency and could be reasonably absorbed within an agency’s current appropriation level. 

LBB Guide to Fiscal Notes 2015​:

For State Agencies  

For Legislative Committees

On Local Government Issues

 

 

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