FISCAL IMPACT STATEMENTS

Philadelphia Code tit. 21, ch. 21-2300

in effect

Philadelphia Code § 21-2301 Availability of Fiscal Impact Statements.

§ 21-2301. Availability of Fiscal Impact Statements. (1) A Fiscal Impact Statement shall be prepared for any pending ordinance, other than bills making an appropriation or amending such bills, upon the request of any member of City Council. Such a request shall be made to the Chief Clerk who, based upon the direction of the requester(s) of such Fiscal Impact Statement, shall forward the particular bill to the Director of Finance or the Controller for preparation of the Fiscal Impact Statement. The Fiscal Impact Statement shall be revised by the designated entity after the adoption of any amendment to the bill. Upon receipt of a Fiscal Impact Statement, the Chief Clerk shall distribute it to all members of City Council and make it publicly available. (2) The lack of preparation of a Fiscal Impact Statement shall not preclude the final adoption of a bill. (3) The Chief Clerk shall send timely notices to the designated entity of the dates on which the bill will be considered by City Council. The designated entity shall deliver the Fiscal Impact Statement to the Chief Clerk and the requester pursuant to Section 21-2303. If the designated entity is unable to deliver a completed Fiscal Impact Statement in accordance with Section 21-2303, the designated entity shall deliver a full explanation of the reasons for the inability to comply with this Section to the Chief Clerk and the requester prior to the due date of the Fiscal Impact Statement. Notes 74 | Amended, Bill No. 170719 (approved January 3, 2018).

Philadelphia Code § 21-2302 Form of Fiscal Impact Statements.

§ 21-2302. Form of Fiscal Impact Statements. The form of Fiscal Impact Statements regarding City Council legislation provided for in Section 21-2301 shall be as set forth in the attached Exhibit "A". Exhibit "A" appears on the following page. Exhibit "A" 75 Philadelphia Fiscal Impact Statement Date: Bill No.: Bill Title: Prepared by: Section 1: Provide overview of fiscal impact of the legislation. | Increase | Decrease | Neutral Operating Cost | | | Revenue | | | Job Growth | | | Job Loss | | | Impact on City's Five-Year Plan? | Y | N Fiscal Impact Cannot be Determined | Section 2: Fill in the changes to annual revenue and/or annual operating costs over the next five fiscal years. | Current FY | FY+1 | FY+2 | FY+3 | FY+4 Annual Cost | | | | | Annual Revenue | | | | | Section 3: Detail methodology for fiscal impact analysis and underlying assumptions. Describe how the estimates were derived: Describe any assumptions used in deriving the estimates: Section 4: Describe impact, if any, of legislation on the City's Five-Year Financial Plan. Does the legislation affect the City's Five-Year Financial Plan? If so, briefly explain: Section 5: Describe impact, if any, of legislation on job growth or job loss to the City. Describe whether the legislation will result in job growth or job loss to the City: Section 6: Describe whether funding is available to implement the legislation, if implementation has financial cost. | Funding exists to implement the legislation.Please explain: | Funding has not been provided for the legislation.Please explain: Section 7: Provide any additional comments regarding the fiscal impact of the legislation, including, for example, the fiscal impact on third parties. Additional Comments: Notes 75 | Amended, Bill No. 180870 (approved November 28, 2018).

Philadelphia Code § 21-2303 Duty to Prepare Fiscal Impact Statements.

§ 21-2303. Duty to Prepare Fiscal Impact Statements. (1) The Director of Finance or his or her designee shall, by the latter of ten (10) days from receipt of a bill forwarded pursuant to Section 21-2301 or the first committee hearing on the bill, prepare and submit to the Clerk of Council a Fiscal Impact statement regarding the bill. (2) The City Controller or his or her designee shall, by the latter of ten (10) days from receipt of a bill forwarded pursuant to Section 21-2301 or the first committee hearing on the bill, prepare and submit to the Clerk of Council a Fiscal Impact Statement regarding the bill.

Source: City of Philadelphia, The Philadelphia Code and Home Rule Charter (American Legal Publishing, codelibrary.amlegal.com)URL: https://codelibrary.amlegal.com/codes/philadelphia/latest/philadelphia_pa/0-0-0-302294Fetched: 10/27/2026