A new report shows that financial assessments of bills can sometimes miss their mark, something that can be attributable to evolving legislation, analysts making poor fiscal assumptions or because of difficulty in forecasting the future.
A new legislative audit released Tuesday examined fiscal notes for 10 bills that became law in 2018 and 2019. Auditors compared their estimated fiscal effects to the results.
The audit found that seven of the 10 fiscal notes differed significantly from the results for a variety of reasons.
The actual costs of the legislation ranged from 279% less than the original fiscal note to 133 . . .
SSJ
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