An Ordinance amending Section 2.04.030 of the Metropolitan Code to require fiscal impact statements to be prepared for pending legislation.


Section 1. That Section 2.04.030 of the Metropolitan Code is hereby amended by adding the following new subsection E.:

“E. Fiscal impact statements.
1. The metropolitan council office shall prepare a fiscal impact statement for all resolutions and ordinances on second and third reading, other than non-binding memorializing resolutions or ordinances amending Title 17 of the metropolitan code (zoning), that would:
a. Increase or decrease metropolitan government revenues;
b. Appropriate funds;
c. Increase or decrease existing appropriations; or
d. Increase or decrease the fiscal liability of the metropolitan government.
2. Such fiscal statement shall be provided to the full council at least forty-eight (48) hours prior to consideration of the legislation by the council. Within twenty-four (24) hours following a request by the sponsor of an amendment to any pending resolution or ordinance on which a fiscal note is required by this section, the metropolitan council office shall prepare for the sponsor a fiscal note showing what effect the amendment would have on the estimates made in the fiscal note applicable to the ordinance or resolution.
3. The fiscal note shall, if possible, include an estimate in dollars of the anticipated change in revenue, expenditures, or fiscal liability under the provisions of the ordinance or resolution. It shall also include a statement as to the immediate effect and, if determinable or reasonably foreseeable, the long-range effect of the measure. If, after careful investigation, it is determined that no dollar estimate is possible, the note shall contain a statement to that effect, setting forth the reasons why no dollar estimate can be given. The fiscal note statement shall include an explanation of the basis or reasoning on which the estimate is founded, including any assumptions involved.
4. No comment or opinion shall be included in the fiscal note regarding the merits of the measure for which the note is prepared; however, technical or mechanical defects may be noted.”

Section 2. This Ordinance shall take effect from and after its enactment, the welfare of The Metropolitan Government of Nashville and Davidson County requiring it.

Sponsored by: Sheri Weiner, Bo Mitchell, Megan Barry, Jacobia Dowell, Karen Johnson, Robert Duvall, Chris Harmon


Introduced: January 17, 2012
Passed First Reading: January 17, 2012
Referred to: Budget & Finance Committee
Passed Second Reading: February 7, 2012
Passed Third Reading: February 21, 2012
Approved: February 23, 2012
By: mayor's signature