Transcript Highlights:

• And Scott, that's from companies calling committed capital typically, right? That's correct. Okay.
• But there's another path in which capital can be withdrawn from the fund. ...which capital can be withdrawn
• is not going to go in unless public capital is at...
• Capital is not going to go in unless public capital is at least being committed to do the parking lots
• You could say, if you need $25 million worth of loan capital, we could put that in.

Committee: Joint Legacy and Budget Stabilization Fund Advisory Board

Summary: The committee met with a quorum, approved the October 22 minutes, and received an update on the planned Legacy Fund transparency website. Jody Smith said the site is in contract negotiations after six bidders responded, with a target go-live around November 1 after added security review. The website is intended to provide downloadable, more detailed public information on the Legacy Fund, including historical changes, legislative allocations, and investment breakdowns. Members asked about comparables and data detail, and Smith said North Dakota would likely be the first state to offer this level of sovereign wealth fund transparency. Scott Anderson of the Retirement Investment Office then reviewed Legacy Fund performance through January 31, 2026, describing strong returns, low fees, and the benefits of diversification. He noted that real estate had been a drag on returns, but it is a small portion of the portfolio, and he discussed market effects from geopolitical events, inflation, credit spreads, and private credit. Members also questioned the in-state investment program and the BND CD-Match program. Representative Bosch moved to pause new transfers to the CD-Match program until the bank reports back, and the motion passed on a roll call vote. The committee also agreed to request a cost-benefit analysis from RVK on that change. After lunch, the committee heard from RVK consultant Jim Voidko on the investment policy statement, focused on the in-state investment provisions. He reported that, after interviews with implementers and stakeholders, RVK found no major policy impediments in the current IPS and no strong calls to change the size limits or core guardrails. He emphasized the importance of risk-adjusted returns, diversification, pacing, exit strategies, and governance, and warned that foregone returns or higher spending obligations can pressure the fund’s long-term mission. He also recommended clearer terminology around “infrastructure,” distinguishing public infrastructure from commercial infrastructure, and noted unresolved policy questions about nexus and economic diversification. The committee then began reviewing proposed IPS updates with Rio staff.

Transcript Highlights:

• plan for population growth, and we adopt an imposed impact fees as a means of helping to recover capital
• You divide that capital cost by the number of meters to give you a maximum allowable impact fee.
• What is keeping this bill from functionally reducing the amount of capital investment you have to make
• So in order to actually save the utility costs, there has to be either a deferment of capital investment
• Of capital investment.

Bills: HB158 , HB714 , HB 1198 , HB1630 , HB1998 , HB3509 , HB3788 , HB3875 , HB3948 , HB3977 , HB4097 , HB4313 , HB4314 , HB4317 , HB158

Committee: House Intergovernmental Affairs

Transcript Highlights:

• So with capital outlay, we have 5,000 projects, about $6 billion that's being held in abeyance.
• Now we have in this reauthorization bill, 423 capital projects. capital projects and $262 million that's
• We do need to take a break for capital outlay, so we'll send the Finance Committee back up to do capital
• President, we've got a bill, a capital outlay bill today.
• outlay bill, and then the plan is to come back down and do the capital outlay bill on the floor.

Transcript Highlights:

• And item 15 is a revision to the capital budget rider that would get rid of data center services through
• This would provide explicit appropriation authority for and capital budget authority for funds that are
• For B, 9.7 million funding to replace capital equipment.
• Turning to page six, seven, capital equipment, funding to replace capital.
• Over 5,000 pieces of aging pieces of capital equipment, 54.3 million. Number ten.

Committee: House Appropriations - S/C on Articles I, IV, & V

Transcript Highlights:

• ,</c><01:03:09.920><c> we</c> getting a lower cost of capital, we getting a lower cost of capital, we
• </c> primarily the definition of capital primarily the definition of capital project.<01:50:45.920><c
• </c><01:54:32.880><c> project</c> the OSLI rules defined capital project the OSLI rules defined capital
• </c> consensus process to other capital consensus process to other capital projects. projects. projects
• </c><01:58:28.560><c> And</c> application to capital projects. And application to capital projects.

Committee: Joint Minerals, Business & Economic Development

Transcript Highlights:

• Welcome to the fiscal year 27 capital budget writing session.
• Section 126 says the Capital Improvements Committee accepts the Delaware Convocation Center Feasibility
• be returned to the state on any land that is donated to a school district with an approved major capital
• Section 134 requires all school districts receiving state capital funds to use standard bid and contract
• Section 145, for Capital School District, authorizes the district to use remaining funds from certain

Committee: Joint Capital Improvement

Summary: The committee met for a fiscal year 2027 capital budget writing session with all 12 members present. It first reviewed and approved the DNREC Resource Conservation and Development drainage project list, which would add projects across New Castle, Kent, and Sussex counties and bring the total eligible projects to 1,561. Members offered personal remarks thanking retiring conservation district staff, especially Kevin Donnelly, for years of work on drainage and water issues. The committee then reviewed DelDOT Rule 12 changes, including annual date updates and a reduction in the inflation markup applied to older estimates, and approved the rule as amended. The committee next adopted DelDOT Appendix A and the FY27 paving and rehabilitation list, including the subdivision street management fund and various road resurfacing projects. DelDOT explained that paving projects are for state-of-good-repair work and that major changes from corridor studies would be handled separately. The committee also approved DelDOT epilogue changes, including updates to authorization amounts, a $25 million increase for toll infrastructure work, changes to subdivision street paving language, and an increase in the subdivision street paving management fund to $30 million. Several sections were placed on hold for later updates. The committee then moved through boilerplate epilogue sections in the bond bill, approving a wide range of provisions affecting conservation districts, housing, economic development, corrections, DNREC, public safety, transportation, agriculture, fire prevention, education, and other agencies. Many sections were adopted in groups, while some were held for later revisions or deleted as no longer needed. The session included updates to school capital rules, transportation restrictions and reporting requirements, DNREC conservation and land-use provisions, and funding and administrative authorities across multiple agencies. The committee broke for lunch after approving the education-related sections through 147, with additional sections still pending.

Transcript Highlights:

• And it changes course from the way that we have traditionally used excess capital gains and deposited
• the majority of those excess capital gains funds into the stabilization fund, choosing instead now a
• Let me first, before I answer his question relative to so-called excess capital gains use in the budget
• As far as the use of so-called excess capital gains, the gentleman said that traditionally excess capital
• This budget conference report proposes to use $599 million from excess capital gains to pay down the

Summary: The Senate first took up and passed several House bills establishing sick leave banks, including House 4182 for a Massachusetts Department of Transportation employee and House 1590 for Eric J. Awaniak. It also advanced and then enacted House 4237, a fiscal year 2026 appropriations bill providing interim funding before final action on the general appropriations act. During the session, Senator Collins also recognized Chaplain Clementina Cherry of the Lewis D. Brown Peace Institute as a distinguished guest, with remarks entered into the record. The main business was the conference committee report on the fiscal year 2026 state budget, House 4001/House 4240. Senate Ways and Means leadership described the budget as balanced, on time, and fiscally responsible, with $61.01 billion in spending, no new taxes or fees, and a $33 million deposit to the stabilization fund. They highlighted major investments in Chapter 70 school aid, special education circuit breaker reimbursements, unrestricted local aid, MassEducate, universal free school meals, MBTA and regional transit funding, MassHealth, food security, and mental health services. The report also included policy items such as broker fee responsibility, fare-free regional transit, housing studies, a gold star family annuity provision, and a crumbling concrete commission. Minority leader Senator Tarr and others questioned the spending reductions, use of one-time funds, and the treatment of excess capital gains, arguing for greater fiscal caution and concern about future federal actions and long-term spending growth. Supporters responded that the reductions reflected revenue uncertainty, federal policy risks, and the need to preserve budget stability, while using some one-time sources to balance the plan. The conference report was adopted by a roll call vote of 38-2, the emergency preamble for House 4240 was approved by standing vote, and the FY26 general appropriations bill was then enacted and sent to the Governor. The Senate also adopted an order to dispense with printing a calendar for the next session and adjourned until Thursday at 11 a.m.

Transcript Highlights:

• I mean, you know, 20 years ago Parks wasn't getting capital money, and our system really deteriorated
• And, you know, this year in the budget we have $200 million in capital plus another $140 million for
• Across the state, so every region, I think we were able, because the governor had more money, capital
• So I'd add that to the capital list. and then...
• About preventing the spread of invasive species, so I'd add that to the capital list.

Summary: The joint meeting of the Senate Finance Committee and the Committee on Cultural Affairs, Tourism, Parks, and Recreation considered Governor Hochul’s nomination of Kathleen “Kathy” Moser to serve as Commissioner of the Office of Parks, Recreation, and Historic Preservation. Moser described her background in conservation and public lands, and said her priorities would include improving access and belonging for all New Yorkers, maintaining health and safety, modernizing infrastructure, addressing climate change and sustainability, and strengthening partnerships with local governments, community groups, and the Legislature. Members questioned her on a range of park issues, including visitor fees, safety at swimming areas such as Lake Welch, security measures at parks, access for urban residents through nature buses and school transportation grants, maintenance and capital needs, event permitting, workforce recruitment and retention, and coordination around the 250th anniversary of the American Revolution. Moser said the department has targeted capital and safety investments at popular parks, is installing fencing, lighting, cameras, and license plate readers at entrances at selected sites, and is planning extensive 250th commemoration programming and historic-site renovations. She also discussed efforts to expand community stewardship, including partner groups, culturally specific amenities like cricket fields, and outreach through traveling exhibits and social media. Senators raised concerns and suggestions about renewable energy siting, cell service in rural areas, invasive species prevention, and local infrastructure needs. After questioning concluded, the committees voted to advance the nomination, and the motion was reported to the Senate floor.

Transcript Highlights:

• portion of the cost of acquiring, repairing, reconstructing, equipping, improving, or maintaining capital
• The Secretary of Tourism is to submit a list of proposed capital improvements to the Governor on or before
• The Governor may certify to the authority a revised list of capital improvements for the State Culture
• that appropriates $10 million from the unappropriated surplus balance of general revenue to a new capital
• The bill then appropriates the same amount to a new capital outlay and maintenance surplus appropriation

Summary: The Senate Finance Committee met with a quorum present and first approved the minutes from the prior meeting. It then reconsidered Committee Substitute for House Bill 5212, noting that an Education Committee amendment had been inadvertently omitted the day before; the vice chairman withdrew the prior motion to report the bill, and the committee returned to the bill with the technical Education Committee amendments pending. The transcript then moved through a long agenda of bills and supplemental appropriations, with the committee generally hearing brief explanations from counsel, occasional member questions, and then voting to adopt amendments and report measures to the full Senate. Among the substantive policy bills, the committee advanced House Bill 4007 on the Industrial Access Road Fund, allowing an additional possible $3 million transfer in a fiscal year, expanding eligible uses, and increasing county/municipal spending limits; House Bill 4765, which raises salaries for state police, teachers, and school service personnel and, via a strike-and-insert amendment, creates a market pay enhancement tied to county and regional income data; House Bill 5162, recodifying tax lien sale procedures and clarifying ownership and government-property tax treatment; House Bill 5382, extending the Neighborhood Investment Tax Credit Program to July 1, 2031; House Bill 5685, authorizing up to $150 million in revenue bonds backed by excess lottery funds for State Culture Center improvements; House Joint Resolution 42, placing a constitutional amendment on the ballot to raise the homestead exemption from $20,000 to $40,000; House Bill 4010, creating an airport hangar grant program and fund; House Bill 4404, increasing from $500 to $5,000 the amount volunteer fire departments may spend on training and fire prevention materials; House Bill 4592, requiring standardized campus safety mapping data for higher education institutions; House Bill 4784, extending and making retroactive a qualified opportunity zone business tax modification; and House Bill 5088, increasing retirement benefits for Division of Natural Resources police officers, with a one-time $4.25 million cash injection. The committee also reported several supplemental appropriations and originating bills, including Senate Bill 842 for the Spay Neuter Assistance Fund, Senate Bill 846 for Culture and History capital repairs, Senate Bill 872 for Natural Resources capital repairs (reduced to $10 million in committee substitute), Senate Bill 876 for Department of Health facilities, Senate Originating Bills 1 through 5 covering Culture and History, road funds, corrections IT and services, tobacco education, and the Adjutant General’s armory board transfer, respectively. Most items were adopted by voice vote; House Bill 4765’s strike-and-insert amendment was adopted after a division vote of 10-6. The committee then adjourned.

Transcript Highlights:

• The Chapter 90 program provides annual funding to municipalities for the implementation of capital improvements
• For example, in my previous communities, such as Adams, with limited levy capacity and capital funds,
• Conversely, in my current community, Lennox, we have the benefit of robust capital funds, but we still
• must augment Chapter 90 funds with other capital funds to execute road projects.
• This enables long-term capital planning and strategic investment.

Committee: Joint Joint Committee on Transportation

Summary: The Joint Committee on Transportation held its first hearing of the session on H. 53, Governor Healey’s Chapter 90 proposal to increase state funding for municipal roads, bridges, sidewalks, and culverts. Committee chairs outlined the hybrid hearing process and invited testimony from municipal officials, labor groups, regional planning organizations, contractors, and administration officials. Across the hearing, speakers consistently supported the bill, emphasizing long-deferred maintenance, inflation in construction costs, climate-related flooding, and the need for more predictable, multi-year funding so cities and towns can plan projects and take advantage of the construction season. The administration described H. 53 as part of a broader $8 billion transportation package, proposing to raise annual Chapter 90 funding from $200 million to $300 million for five years, with the additional $100 million distributed by road mileage to better support rural and small communities. They also highlighted $200 million for culverts and small bridges, plus other transportation investments, and said the five-year authorization would provide certainty for municipal capital planning. Municipal witnesses from places including Carlisle, Beverly, Granby, Hatfield, Newton, Nahant, Gardner, Beckett, and Yarmouth described local road and culvert backlogs, rising asphalt costs, and the difficulty of maintaining infrastructure on limited local budgets. Labor and industry witnesses from the AFL-CIO and MAPA said the bill would support good-paying jobs and provide stability for contractors and producers. The MBTA Advisory Board and regional planning representatives also backed the proposal, noting the connection between local roads and the broader transportation system. Committee members asked questions about the road-mile formula, culvert needs, asphalt costs, and the rationale for a five-year authorization. No votes were taken during the hearing, and the committee adjourned after testimony concluded.

Transcript Highlights:

• Brooks talk about our capital outlay. Thank you, Madam Chair and committee.
• Oftentimes with schools, capital can only be used for capital, and operational funds are essentially
• Capital Outlay Council?
• Is that something you'd want to invest in, or something we could give capital outlay to?
• And if you—so you can get capital outlay from us, right? Correct?

Committee: House Science, Technology & Telecommunications Committee

Transcript Highlights:

• We haven't made a draw on our legacy capital yet.
• Appropriations changed for you, as I talked about, with the legacy capital fund repayment.
• It's gonna need to be capitally replaced. We'll work on a project for doing that.
• Using some of that to help do some capital upgrades for our facilities and standardize them.
• So that is that addition that will be paid for 20 years to pay back the legacy capital fund.

Committee: House A&B Health Subcommittee

Transcript Highlights:

• , since those were strictly for capital expenses?
• The full amount is set aside for capital. It's not a...
• It is that full amount is set aside for just capital.
• Yes, I was speaking of our wastewater capital fund.
• And then in addition to that, our capital is at $65 million.

Summary: The Select Committee on Property Taxes heard first from city representatives through the Florida League of Cities, who argued that property taxes are a stable local revenue source that funds core services such as police, fire, parks, public works, and stormwater work. Casey Cook emphasized that cities are optional governments with widely different tax bases and service levels, that exemptions shift the burden to fewer taxpayers, and that transparency already exists through TRIM notices, public budgets, and local hearings. Sarah Campbell of Fernandina Beach, T. Michael Stavris of Winter Haven, and Stephen O’Kee of Port St. Lucie described their budget processes, the share of general-fund revenue coming from property taxes, reserve policies, debt and capital planning, and the impact of inflation, minimum wage increases, and personnel costs. They all said local governments need predictable revenue and that any property tax changes would require careful consideration of replacement funding or service reductions. Members questioned the city panel about whether homebuyers are clearly informed about city versus county taxes and services, the role of HOAs, how many lobbyists cities employ, reserve levels, average salaries, and whether utility revenues are used only for utility purposes. The panel said TRIM notices, realtor listings, and city websites provide tax information; HOAs generally do not provide emergency services; lobbyists help local governments track Tallahassee legislation; reserves vary by city and fund; and utility revenues are generally restricted, though some cities use limited transfers. Members also asked about revenue replacement if ad valorem taxes were reduced or eliminated, and the panel said options would likely include user fees, service cuts, or other local revenue shifts. The chair also asked about public safety consolidation, and the response was that such decisions are local and may shift costs rather than create true savings. The committee then heard from county representatives after an overview by the Florida Association of Counties’ Davin Suggs, who framed counties as shared partners with the state and emphasized the gap between rising market values and the shrinking share of taxable value after exemptions and assessment limits. He said counties face a mismatch between revenue based on taxable value and expenses driven by real-world costs, and noted that most counties either held millage steady or lowered it without reaching rollback rates. He also highlighted that property taxes are only one part of county revenue, with charges for services and intergovernmental revenue often larger in some counties, and that public safety at the county level includes more than law enforcement, such as EMS, emergency management, inspections, and corrections. Deborah Manzo of Okeechobee County described a fiscally constrained rural county with limited staff, a county-supported airport, heavy reliance on property taxes for the general fund, and major cost pressures from inflation, insurance, retirement, and state and federal mandates. She said the county lowered millage slightly over recent years but still depends on multiple revenue sources and special assessments, and she flagged Medicaid, medical examiner costs, and possible firefighter workweek changes as significant concerns. Bay County Administrator Mark McQueen said his county’s budget is shaped by Hurricane Michael recovery, non-discretionary obligations, and rapid growth; he described ongoing FEMA reimbursement delays, substantial borrowing to cover disaster costs, and continuing interest expenses while the county waits for reimbursement. The county panel was still in progress when the transcript ended.

Transcript Highlights:

• Relating to the Capital Improvement Authority. Vice Chairman Kane, recognized to explain the JCR.
• House Bill 4056 authorizes $215 million from the Legacy Capital Fund for the Oklahoma State Bureau of
• Members, House Bill 4057 authorizes the Oklahoma Capital Improvement Authority to utilize $25 million
• from the Legacy Capital Financing Fund for the Oklahoma... ...to utilize $25 million from the Legacy
• Capital Financing Fund for the Oklahoma Bureau of Narcotics and Dangerous Drugs to acquire, construct

Bills: SB1290 , SB1530 , SB1847 , HR1050 , SB169 , SB1377 , SB1990 , SB1991 , SB1778 , SB1579 , SB1992 , SB3 , SB2028 , SB1928 , SB2127 , SB2117 , SB1439 , SB1930 , SB330 , SB1191 , SB2110 , SB2134 , SB2069 , SB2095 , SB1613 , SB1246 , SB1976 , SB1346 , SB1509 , SB2071 , SB259 , SB1314

Transcript Highlights:

• And I'm very excited about the venture capital issue.
• And I'm very excited about the venture capital issues.
• Last story... ...in capital need over the next several years.
• My read in the newspapers is that the capital requirements are so stringent.
• And they need more disposable capital in order to do that.

Bills: SM20 , SM9 , SJR6 , HB124

Committee: Senate House Rules & Order Of Business

Summary: The committee first considered the appointment of Mary Patricia Roman to the State Investment Council. Senator Campos presented her as highly qualified, citing more than 34 years in global investing, leadership at J.P. Morgan, and prior service on the SIC investment committee. Roman described her experience with asset allocation, fiduciary responsibility, and the SIC’s vetting process. Senators asked about the council’s role in pension investments, staffing levels, and whether personal values could influence decisions. Roman said the SIC process is robust, heavily staff-driven, and insulated from individual value judgments. The committee reported broad support and voted 8-0 to advance her nomination to the full Senate. The committee then heard the reappointment of John F. Bingaman to the SIC. Senator Worth praised his leadership as SIC chair and his background in private equity, public service, and economics. Bingaman emphasized the growth of New Mexico’s sovereign wealth funds to more than $70 billion, the importance of staffing and asset allocation, and the SIC’s role as a fiduciary for New Mexicans. Senators asked about protecting the funds in a weaker market and about the Blackstone/PNM matter; Bingaman declined to comment on the memorial because he had not read it. The committee voted 9-0 to send his reappointment to the full Senate. The committee next took up Senate Memorial 20, calling for a statewide youth violence summit. Senator Lopez and an expert from the Council of State Governments said New Mexico lacks a cohesive statewide infrastructure for youth violence prevention and intervention, limited data collection, and enough evidence-based services. Supporters from the ACLU, behavioral health organizations, youth-serving nonprofits, and youth advocates backed the memorial as a way to center lived experience, community engagement, and research-based solutions. Some members raised concerns that victims’ families were not explicitly included in the planning group, but the memorial passed on a 6-3 vote. Finally, the committee debated Senate Memorial 9, which asked the Legislative Finance Committee to study whether New Mexico should invest in equity stakes in PNM and New Mexico Gas Company and requested that the PRC pause consideration of the private-equity acquisitions while the study was completed. Supporters argued the state should examine whether utility ownership value could remain in New Mexico, protect ratepayers, and diversify revenue, while opponents from PNM, Blackstone’s representatives, chambers of commerce, and utility advocates said the proposal would duplicate the PRC’s review, create uncertainty, and risk higher rates and delayed investment. The committee adopted an amendment removing references to the PRC, but the memorial then failed on a 4-4 tie after a motion for due pass as amended.

Transcript Highlights:

• That seems to me the capital side. I understand the spay-neuter part of the program.
• That seems to me the capital side. I understand the Spain-neuter part of the program.
• What are the specific capital improvement needs at the shelter? So, expansion.
• Capital improvements. What is... Capital improvements, what is the plan, the cost allocation?
• So right now we have over $7 billion... ...capital outlay aspect of this.

Bills: SB47 , SB195 , SB196 , SB197 , SB198 , SB78

Committee: Senate Senate Conservation

Transcript Highlights:

• That seems to me the capital side. I understand the spay-neuter part of the program.
• That seems to me the capital side. I understand the Spain-neuter part of the program.
• What are the specific capital improvement needs at the shelter? So, expansion.
• Capital improvements. What is... Capital improvements, what is the plan, the cost allocation?
• So right now we have over $7 billion... ...capital outlay aspect of this.

Bills: SB47 , SB195 , SB196 , SB197 , SB198 , SB78

Committee: Senate Senate Conservation

Summary: The committee first took up Senate Bill 47, a composting/organic waste measure that had been brought back from the table. The sponsor and witnesses described amendments that reduced the solid waste surcharge, added flexibility for landfills to divert organic waste to regional compost facilities, and delayed the effective date to July 1, 2027. Supporters said the changes made the bill more affordable and workable, while opponents from the waste industry still objected to the surcharge and wanted the proposed study completed before any tax was imposed. After committee discussion, a motion to table resulted in a tie vote, so the bill remained on the table. The committee then heard Senate Bill 195, which appropriates $1 million for training elected officials and staff of soil and water conservation districts. The sponsor and the New Mexico Association of Conservation Districts said the money would support compliance training, procurement and audit requirements, board education, and outreach for the state’s 47 districts. Support came from district officials and environmental advocates, who cited increasing responsibilities tied to disasters and climate impacts. The bill passed unanimously. Next, the committee considered Senate Bill 196 and Senate Bill 197, companion appropriations for animal care and spay/neuter services in Las Vegas and Raton. Senators questioned whether the bills mixed operating funds with capital improvements, whether the projects duplicated statewide spay/neuter grants, and how much local funding was involved. The sponsor said the local communities had substantial skin in the game and that the appropriations were needed for facility expansion and repairs. Both bills passed on 6-2 votes. Finally, the committee began hearing Senate Bill 198, which would fund an endangered species hatchery and rearing station in Las Vegas. The sponsor argued the project would help restore aquatic species and use available state land and water, while supporters said it would strengthen conservation efforts. Opponents argued New Mexico already has a hatchery doing similar work, raised concerns about nuclear and water issues, and questioned the location and policy direction. After extensive testimony, the committee did not finish the bill and recessed SB 78, a separate measure to allow nuclear energy to count toward renewable portfolio standards, for continued discussion on Tuesday.

Transcript Highlights:

• I have a strong interest in doing as much as we can for this capital in this state. Thank you.
• Next, the Public School Capital Outlay Oversight Task Force, Simon Suzuki.
• School Capital Improvements Act.
• The second subcommittee that I would like to present on is the Capital Security Subcommittee.
• If it's provided for the capital, why isn't it provided for the district? District offices.

Committee: House Legislative Council

Transcript Highlights:

• The citizens of D.C. and our nation's capital deserve to feel safe.
• And most importantly, people feel safer in their nation's capital.
• Crimes Act and keep our capital safe, strong, and beautiful. Thank you, Mr.
• WON'T ACT, WE MUST RESTORE ORDER, BEAUTY AND SAFETY TO OUR CAPITAL.
• We will continue to work with him to make our capital city as safe as possible.

Transcript Highlights:

• We also pay for annual capital costs to the stadium.
• And some will say that this fourth obligation, because it's now restricted to capital expenses, has a
• more limited use, um, but it does seem duplicative since we already do pay annual capital costs that
• expenses has a more limited to capital expenses has a more limited use<00:02:56.040><c> um</c><00:02
• </c> since we already do pay annual capital since we already do pay annual capital costs<00:03:00.240