Definitions for "FISCAL NOTE"
An addendum, often attached to an appropriation bill, that shows legislators how much money a program or project will likely cost in future years.
No bill, except a general appropriations bill, requiring expenditures of or loss of revenue to Commonwealth funds, of funds of any political subdivision shall be given a second consideration reading ton the calendar until it has first been referred to the Appropriations Committee for a statement of fiscal impact. Fiscal notes are required for amendments to bills, conference committee reports, and concurrences in Senate amendments.
This is a estimate prepared by the governor's budget office, usually with the help of state agencies, that projects the likely costs and potential revenues, of a legislative bill. If a legislator doesn't agree with the conclusions, that lawmaker won't sign the fiscal note.