|Posted:||March 9, 2020 11:01 AM|
|From:||Representative Barbara Gleim and Rep. Francis X. Ryan|
|To:||All House members|
|Subject:||Identifying and Assessing Critical Risk Factors Annually|
|In the near future, we plan to introduce legislation that will require the Independent Fiscal Office (IFO) to identify and assess critical risk factors as part of their annual Economic and Budget Outlook.
As many of you may know, prior to November 15, the IFO produces this valuable report to provide not only an assessment of the Commonwealth’s current fiscal condition, but also an in-depth look at demographic, economic, revenue and expenditures trends that may affect our future state of affairs. While the information included currently is very useful, we believe the inclusion of critical risk factors will provide a further insight and enable us, as elected officials, to take necessary precautions to ensure the Commonwealth prospers economically for years to come.
We respectfully ask for your consideration to cosponsor this legislation.
Introduced as HB2392