AN ACT relating to fiscal statements.

Create a new section of KRS Chapter 6 to define "fiscal note"; require fiscal notes to be filed with the clerk in the chamber of the General Assembly for each bill or resolution that is filed; establish requirements related to fiscal notes for the director of the Legislative Research Commission; require fiscal notes to contain specific information; amend KRS 6.950, 6.955, 6.960, 6.965, and 6.970 to rename fiscal note to local government mandate statement; amend KRS 13A.190, 13A.230, 13A.250, 13A.280, and 13A.320 to rename fiscal note to fiscal note on state and local government.

Introduced: March 4, 2026

Last action: March 11, 2026

To State Government (H)

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This bill changes how the Kentucky General Assembly tracks the financial impact of proposed legislation. It would require a fiscal note — a document estimating costs — to be filed alongside every bill or resolution introduced in the legislature, and it sets out what information those notes must include. It also updates terminology in existing law, renaming certain documents to more clearly distinguish between impacts on state government and impacts on local governments. Who it may affect: lawmakers, legislative staff, and local government officials who use fiscal information to evaluate proposed legislation.

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