CITY of ALBUQUERQUE
EIGHTEENTH COUNCIL
COUNCIL BILL NO. F/S
R-08-176 ENACTMENT NO. ________________________
SPONSORED BY: Trudy Jones
RESOLUTION
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F/S Repealing Enactment R-10-1991 Regarding The Requirement For A Fiscal Impact Analysis Of Certain Legislation; Establishing A Policy To Require A Fiscal Impact Analysis On All Ordinances, Resolutions, And Executive Communications, And To Require An Economic Impact Analysis On All Legislation Creating a Financial Impact on the Community (Jones)
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REPEALING ENACTMENT R-10-1991 REGARDING THE REQUIREMENT FOR A FISCAL IMPACT ANALYSIS OF CERTAIN LEGISLATION; ESTABLISHING A POLICY TO REQUIRE A FISCAL IMPACT ANALYSIS ON ALL ORDINANCES, RESOLUTIONS, AND EXECUTIVE COMMUNICATIONS, AND TO REQUIRE AN ECONOMIC IMPACT ANALYSIS ON ALL LEGISLATION CREATING A FINANCIAL IMPACT ON THE COMMUNITY.
WHEREAS, the Council finds that government should be transparent and accountable to the taxpayers and the local economy; and
WHEREAS, city government has become increasingly complex and important to the local economy; and
WHEREAS, regulations, fees and taxes affect local businesses and individuals and influence local investment and job creation; and
WHEREAS, city government must assure that the impact of government regulation is understood by policy makers and citizens before such regulations are enacted and that unintended consequences are minimized; and
WHEREAS, taxes, fees and regulations should be increased, decreased or imposed only after an assessment of the impact of those actions on the City's budget, the public and others financially impacted by the proposed action.
BE IT RESOLVED BY THE COUNCIL, THE GOVERNING BODY OF THE CITY OF ALBUQUERQUE:
Section 1. Enactment R-10-1991 (Council Bill R-230) is repealed.
Section 2. The following shall govern the financial impact information to be provided to the City Council with respect to Council actions:
A. DEFINITIONS: The following Definitions shall...
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