Video & Transcript Research : 'Inflation'
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US
US Federal 2025-2026 Regular Session
Business meeting to markup an original concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2025 and setting forth the appropriate budgetary levels for fiscal years 2026 through 2034. Feb 12th, 2025 at 09:00 am
Senate Budget
Transcript Highlights:
- So you exempt those programs, but inflate Bill Clinton's total outlays.
- A bill that became law called the Inflation Reduction Act, giving Rolls-Royce leased customers $7,500
- lowers inflation.
- They unleash generationally high inflation.
- The budget agreement that you alluded to has defense under inflation.
TX
Transcript Highlights:
- So basically, with inflation, please help our schools and our people and help us with the basic allotment
- Moving from a $60 million cap to a per-pupil allotment will help address enrollment growth, inflation
- Our expenses have increased immensely due to inflation.
- We've been able to maintain a balanced... budget, even with the rising cost of inflation.
- A one-time raise doesn't fix a funding formula that hasn't kept up with inflation.
Bills:
HB2
NM
New Mexico 2025 Regular Session
House - Appropriations and Finance Jan 22nd, 2025
House Appropriations & Finance
Transcript Highlights:
- We're expecting inflation to continue to trend down.
- Turning to slide 11, we'll examine inflation and interest rates.
- Inflation is cooling, and also oil production for New Mexico is cooling.
- Inflation affects our budget. How will inflation and the investment income be taken into account?
- Part of it at least is predicated on inflation.
NH
New Hampshire 2025 Regular Session
House Municipal and County Government (04/07/2025)
Municipal and County Government
Transcript Highlights:
- It does take into number with inflation.
- any number of inflation factors. any number of inflation factors.
- reasonable increases based on inflation reasonable increases based on inflation and<01:25:23.199
- <01:25:38.239>
And with inflation like everybody else. - And with inflation like everybody else.
MN
Minnesota 2025 1st Special Session
Committee on Energy, Utilities, Environment and Climate - 02/05/25
Energy, Utilities, Environment, and Climate
Transcript Highlights:
- >
up <00:09:49.959>housing <00:09:50.279>cost <00:09:50.560>going of inflation - going up housing cost going of inflation going up housing cost going up<00:09:51.839>
households< - Rural Minnesota has certainly not escaped being touched by inflation, with upward pressure on goods and
- Reduction Act, which really should have been called the Inflation Promotion Act, we're driving up the
- Reduction Act, which really should have been called the Inflation Promotion Act, we're driving up the
Summary:
The Senate Energy, Utilities, Environment and Climate Committee heard Senate File 486, as amended by the A2 delete-everything amendment, which would create a supplemental, year-round energy assistance program administered by the Department of Commerce alongside LIHEAP. Senator Dibble said the bill is intended to help low-income households pay utility bills throughout the year, including summer months, by providing crisis grants, ongoing monthly assistance, emergency heating system repair or replacement help, outreach funding, and reporting requirements. The committee adopted the A2 amendment before hearing testimony on the bill as amended.
Supportive testimony came from Annie Levenson-Faulk of the Citizens Utility Board, Jenny Glumac of the Minnesota Rural Electric Association, Amanda Mackey of Minnesota Valley Action Council, Ron Elwood of Legal Aid, Jamie Fitz of CenterPoint Energy, George Shardlow of the Energy CENTS Coalition, and Kent Sulum of the Minnesota Municipal Utilities Association. Witnesses said energy burdens are especially high in rural Minnesota, utility arrears and shutoffs have increased, and most shutoffs occur in summer when LIHEAP is unavailable. They argued that year-round assistance would help vulnerable households, reduce shutoffs, improve health and housing stability, and create administrative efficiencies by using existing LIHEAP infrastructure.
Several witnesses cited data on the need for assistance, including high energy burdens in rural areas, more than 91,000 Minnesota households disconnected for non-payment in 2024, and the large share of LIHEAP recipients who are seniors, people with disabilities, children, or veterans. Amanda Mackey described a client story illustrating how energy assistance can stabilize a household and lead to broader benefits. Senator Mathews offered comments supporting help for households in need but said the bill is a stopgap and tied the need for expanded assistance to prior legislative actions that increased energy costs. The committee did not take final action on the bill in the portion of the transcript provided, and members indicated they would return to questions after testimony.
WV
West Virginia 2026 Regular Session
WV Senate Finance Committee in Session Jan 15th, 2026 at 03:02 pm
Transcript Highlights:
- The payroll employment I mentioned, and then these sort of national indicators: inflation is expected
- As we would expect in a lower inflation environment, and then 10-year Treasury yields remain elevated
- In order for the trigger to hit, the inflation rate would have to be below 2% in the next few years to
- Of course, we have higher inflation between 2021 and 2025. The outlook is...
- Of course, we have higher inflation between 2021 and 2025.
Summary:
The Senate Finance Committee met with a quorum present and first approved the minutes from the January 15 morning meeting. The main agenda item was the Department of Revenue’s budget and revenue presentation from Secretary Eric Nelson, Deputy Secretary Peter Shirley, and Deputy Secretary Mark Mucco. Nelson said the state remains double-A rated with a positive outlook, the budget includes a 5% personal income tax reduction, and the 2027 general revenue estimate is $5.493 billion, up $170 million from the prior year. Shirley gave an economic overview, saying West Virginia is forecast to see continued but slowing employment growth, continued wage growth, gains in private education/health services and business services, declines in some sectors, improving labor force participation relative to the nation, and strong recent net in-migration. He also noted continued growth in natural gas production and a modest rebound in coal production, though coal faces longer-term demand pressure.
Mucco reviewed revenue trends and said 2025 collections were about $5.5 billion, below the prior year but above estimate, with personal income tax and sales tax driving the surplus. He explained that the forecast incorporates the 5% PIT cut and annual conformity to the federal One Big Beautiful Bill Act, including changes such as Section 179 expensing, bonus depreciation, R&D expensing, business interest deductions, and a new manufacturing facility expensing provision. He also discussed the effects of tax credits, severance tax volatility, declining tobacco revenues, and health care provider tax changes tied to federal Medicaid rules. He said road fund revenues are largely flat absent policy changes, and county commission revenues are growing faster than state revenues.
Members asked about when new economic development projects like NewCore would appear in the projections, how much 20,000 new jobs would matter, whether the department had a calculator for job-growth impacts, the status of recent tax cuts, road fund growth, tobacco/vape taxation, and whether migration data could be broken down by county. The witnesses said major projects are not yet in the S&P-based forecast but would likely add jobs, wages, and tax revenue over time; they estimated 20,000 jobs would be a significant increase. They also said the state is unlikely to hit the current personal income tax trigger in the near term. No substantive votes were taken beyond approving the minutes, and the committee adjourned after a motion carried by voice vote.
TX
Texas 89th 2nd C.S.
Health Care Affordability, Select Apr 30th, 2026
Health Care Affordability, Select
Transcript Highlights:
- Obviously, most have increased with inflation, slightly higher than inflation.
- Well, triple adjusted for inflation, double adjusted for inflation. Triple what it would have been?
- Well, triple adjusted for inflation, double adjusted for inflation.
- It's gonna be triple adjustment for inflation. Oh, no, no, so it's above inflation.
- Some of it is truly inflation. Then there's... Some of it is truly inflation.
AZ
Transcript Highlights:
- What was the inflation rate? What was the inflation rate? Mr.
- This bill adjusted by 2% for standard inflation.
- Senator, the standard 2% inflation costs roughly $170 million per year.
- So to clarify, this is 127 million that we're short, is the gap between actual inflation and the inflation
- It has... ...a growth rate of 3% relative to population inflation of 3.9%.
Bills:
HB4154, HB4155, HB4156, HB4157, HB4158, HB4159, HB4160, HB4161, HB4162, HB4163, HB4164, HB4165, HB4166, HB4167, HB4168, HB4169, SB1847, SB1848, SB1849, SB1850, SB1851, SB1852, SB1853, SB1854, SB1855, SB1856, SB1857, SB1858, SB1859, SB1860, SB1861, SB1862
Keywords:
general appropriations act, budget, biennial budget, state spending, fiscal year 2026-2027, appropriations, state agencies, public funding, education funding, health and human services, public safety, transportation, government operations, budget bill, fiscal policy, state finance, spending plan, legislative budget, capital appropriations, operating budget
TX
Transcript Highlights:
- But inflation over the same time.
- So, do we have an inflation-adjusted...
- Is total funding adjusted for inflation? So this, the bars are not adjusted for inflation.
- that adjusted for inflation, total school funding is pretty flat.
- State funding, when you adjust for inflation, has declined.
MD
Transcript Highlights:
- There's been inflation since then.
- There's been inflation since then.
- There's been inflation since then.
- increased far faster than inflation. increased far faster than inflation.
- times the overall rate of inflation. times the overall rate of inflation.
Summary:
The House met in Annapolis on February 27, 2026, with 128 members present. After a prayer, the chamber adopted the previous day’s journal and recognized a resolution honoring Brunswick High School’s first Tech Challenge team, Minerva’s Mechanics, for winning the FTC Regional Championships and qualifying for the World Championship in Houston. The resolution was read and adopted with applause.
The main legislative item was House Bill 355, concerning the Education, Sexual Abuse and Assault Awareness and Prevention Program and human and sex trafficking; the House adopted the favorable committee report and ordered the bill printed for third reading. The next bill, House Bill 534 on nonpublic school transcripts and prohibiting punitive measures related to student debt, also received a favorable report. Debate then centered on an amendment offered to HB 534 that would have tied school funding to student choice for students in repeatedly one-star-rated schools and allowed parents of habitually violent or disruptive students to consider military boarding school options. The sponsor argued Maryland’s public schools, especially in Baltimore City, were failing students despite heavy spending, citing low literacy, violence, and the book Failure Factory; several members echoed concerns about school performance, bureaucracy, and the need for educational freedom.
Opponents and procedural speakers said the amendment was not germane to HB 534, which they described as a narrow bill about transcript access for students leaving nonpublic schools with unpaid fees, often students with disabilities. The floor leader urged the body to resist the amendment and stick to the bill’s actual subject. Despite multiple members explaining their votes in support of school choice and criticizing the Blueprint and school outcomes, the House ultimately took a roll call on the amendment after a voice vote was challenged. The transcript cuts off during the roll call and does not show the final recorded result on the amendment.
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Bonding, Capital Expenditures and State Assets Jun 21st, 2026 at 01:00 pm
Joint Committee on Bonding, Capital Expenditures and State Assets
Transcript Highlights:
- we still lagging inflation over that 15-year period?
- So, theoretically, it brings us back to where we would be with inflation, but I caution on trying to
- And the reason I say that is that when you look at overall economic inflation, it's an average across
- all sectors; there's a Overall economic inflation, it's an average across all sectors.
- The construction industry in particular has been hit very, very hard by inflation, and we're seeing,
Summary:
The Joint Committee on Bonding, State Assets, and Capital Expenditures held its first public hearing on House Bill 4257, a transportation bonding bill. The administration testified in support, describing the bill as a $1.185 billion authorization: $300 million for Chapter 90 municipal road funding and $885 million for statewide transportation capital programs. Officials said the bill would increase municipal aid by 50%, with $200 million distributed under the traditional Chapter 90 formula and $100 million based solely on road mileage to better help rural communities. They also highlighted $500 million for bridge and pavement lifecycle asset management, $200 million for culverts and small bridges, and $185 million for congestion, safety, ADA, sidewalk, and multimodal improvements. Committee members asked about how municipalities would apply, how the road-mile formula would affect rural towns, and how the bill would interact with federal funding uncertainty and debt financing. Administration witnesses explained that projects would be administered through MassDOT district offices and Grant Central, that the bill would not backfill rescinded federal funds, and that the proposal would likely use special obligation bonds backed by Fair Share revenues to reduce pressure on the Commonwealth’s general obligation debt limit.
Members also pressed the administration on the shift from general obligation to special obligation financing and on whether the Chapter 90 increase keeps pace with inflation. Administration officials said the special obligation structure would be credit-rated separately and was intended to expand available capital without affecting the GO bond cap, while acknowledging that the Commonwealth’s debt portfolio would grow. They said the Chapter 90 increase would roughly restore purchasing power lost since 2012, though construction inflation has outpaced general inflation. Several members and witnesses emphasized the importance of the road-mile formula for rural communities and the need for technical assistance for small towns.
The Massachusetts Municipal Association testified in strong support of the bill, calling Chapter 90 and the new infrastructure authorizations critical for cities and towns facing federal uncertainty and rising costs. The Massachusetts Aggregate and Asphalt Pavement Association also supported the bill, citing the importance of the funding for road and bridge work, the construction season, and the industry’s economic impact. A committee member asked about asphalt price inflation, and the witness said liquid asphalt costs rose sharply after COVID, including increases of around 20% in some years. At the end of the hearing, the chair said members would receive a poll by email to move the bill out quickly, and the committee then voted to adjourn.
AK
Transcript Highlights:
- Alaska, and in Projects relating to approval of contracts by the Regulatory Commission of Alaska and inflation
- Heating Fuel Fund, relating to approval of contracts by the Regulatory Commission of Alaska and inflation
- pipeline projects, relating to approval of contracts by the Regulatory Commission of Alaska, and inflation
- were made impacting foreign entity participation, cost overruns, effects of project failure, and inflation
- were made impacting foreign entity participation, cost overruns, effects of project failure, and inflation
Summary:
The House convened with a quorum, opened with prayer and the Pledge of Allegiance, and approved the journal and the prayer for the record. The clerk read gubernatorial messages calling the legislature into a third special session and describing the call around House Bill 381, a major natural gas project bill addressing property taxes, municipal taxes, AGDC, reporting requirements, contract approval, an alternative volumetric tax, municipal impact grants, and related provisions. Messages from the Senate reported passage of a Senate-amended version of HB 381 and transmission of Senate Concurrent Resolution 203 to suspend certain rules related to the bill.
The House introduced HCR 301 and HCR 302. HCR 301, which suspends rules on carryover of bills into a special session, passed 40-0. The House then took up the Senate amendments to HB 381. The Majority Leader outlined the Senate changes, including new school funding provisions, reorganization and oversight of AGDC funds, a public project dashboard, stricter bond approval requirements, a heating fuel assistance fund, changes to the alternative volumetric tax structure and distribution of revenues, a permanent rather than sunsetted tax break, new deadlines tied to final investment decision and construction, and a new graduated income tax on certain pass-through entities. He urged members to vote no on concurrence, and the House rejected concurrence 12-28.
Because the House did not concur, the Speaker appointed a conference committee on HB 381 consisting of Representative Schrage, the Majority Leader, Representative Edgmon, and Representative Ruffridge. HCR 302, authorizing the House and Senate to recess for more than three days, passed 40-0 after members stated the recess was intended to allow conference negotiations to continue and that the body would return on a time certain. The House also received two governor-request bills, HB 3001 and HB 3002, both referred to the Finance Committee. The House then excused several members for specified absences and adjourned until July 1 at 10:30 a.m.
AZ
Transcript Highlights:
- For some increases in the recognition that fees might need to go up to account for inflation.
- , then they can continue to have these measured increases to account for inflation.
- President Trump was able to get inflation under control, but we still have those high prices.
- They have the ability to pass on rising costs due to inflation.
- not exceeded that rate of inflation over the last four years.
Summary:
The House convened with prayer, the Pledge of Allegiance, attendance, and a series of guest introductions and proclamations, including recognition of Dr. Eric Osowski as Doctor of the Day, Donate Life Day participants, State Farm Day guests, and proclamations honoring Ganado Unified School District and Chinle Unified School District for academic and cultural achievements. The chamber also handled routine business such as committee assignments, Senate messages, and motions to adjourn and to refer bills to additional Committee of the Whole consideration.
The main floor action centered on several bills and a concurrent resolution. HB 2093 was amended to restore mental health instruction while removing social-emotional learning, and HB 2229 was amended after debate over abortion-related language and public funding restrictions; both received do-pass recommendations. HB 2429, HB 2950, and HB 4136 also received do-pass recommendations after floor amendments, with HB 2950 amended to make tourism improvement areas voluntary and add notice requirements. HB 4001 advanced after extensive debate over regulating alternative nicotine products, with supporters arguing it would help curb youth vaping and opponents urging taxation and stronger public-health provisions. HB 4030 and HCR 2052, both focused on limiting municipal tax and fee increases tied to affordability, inflation, and utility costs, were heavily amended and advanced after debate over local control, data centers, water costs, and the scope of the amendments.
The House also took up procedural challenges, including a failed appeal of the chair’s ruling that a health-care claims amendment to HCR 2052 was out of order under the single-subject rule. On final adoption of the Committee of the Whole report, the House ordered HB 4001 and HB 4030 and HCR 2052, as amended, to engrossing and signing. In third reading, HB 2170 passed 36-16, HB 2380 passed 31-21, HB 2389 passed 31-21, HB 2784 passed 31-21, and HB 2902 passed 31-21, while HB 2388 failed 23-29. The transcript ends as the House was moving on to HB 294.
TX
Transcript Highlights:
- Because of inflation. Although the amount of inflation is dropping down. Speaker: Right.
- Because of inflation.
- Although the amount of inflation is dropping down, the inflated cost is still there and staying up.
- Those are inflated dollars. That's correct.
- There are challenges due to rising costs and inflation.
Bills:
SB 1
AZ
Arizona 2026 Regular Session
06/10/2026 - Joint Appropriations
Transcript Highlights:
- What was the inflation rate? Mr.
- This bill adjusted by 2% for standard inflation.
- Senator, the standard 2% inflation costs roughly $170 million per year.
- So to clarify, this is $127 million that we're short, is the gap between actual inflation and the inflation
- It has ...a growth rate of 3% relative to population, inflation of 3.9%.
Summary:
The joint House and Senate Appropriations committees met to hear the FY 2027 budget package, beginning with the General Appropriations Act (HB 4154/SB 1847). Staff outlined the overall budget, including one-time fund transfers, lump-sum reductions, funding for state employee health insurance, school facilities, corrections, flood and wildfire relief, education and child care, and other ongoing and supplemental items. Members briefly discussed the absence of a requested $1.5 million for the oversight office, but the chair said no amendments would be taken in committee and that only limited technical changes were likely later in the process.
Public testimony on the feed bill was largely supportive but focused on specific funding concerns. Testimony highlighted school safety funding, Alzheimer’s services, small business tax expensing provisions, disability oversight for group homes, county use of opioid settlement dollars, adult education/community college funding, victim notification funding, and ESA oversight. Several speakers praised the budget for funding DDD and other services, while others opposed or sought changes to items such as the COMIT group home monitoring program, Maricopa Community Colleges’ lack of operating aid, and a possible cut to the victim notification program. The chair repeatedly emphasized that changes to the negotiated budget would be difficult and should be routed through leadership.
The committee then moved quickly through the remaining budget reconciliation bills. Staff summarized bills covering amusement and wagering, capital outlay, commerce, criminal justice, environment, health care, higher education, human services, and K-12 education. Notable provisions included continued wagering assessments, highway and building renewal funding, defense innovation and economic development changes, corrections and wrongful conviction provisions, groundwater and water banking measures, health insurance oversight and opioid settlement provisions, higher education funding and ABOR operating caps, SNAP and housing trust fund changes, and a 2% inflation increase for K-12 formula components. The K-12 bill also included a biometric school safety pilot and a child sexual abuse prevention pilot. No votes were taken in the portion provided, and the chair indicated the committee would continue through the remaining bills.
NM
New Mexico 2025 Regular Session
IC - Legislative Finance Aug 19th, 2025
Transcript Highlights:
- Another thing that we're seeing is a slight uptick in inflation.
- As we saw in the latest figure, inflation ticked off...
- Let's see inflation come in stronger than presented here.
- How much is related to inflation?
- And the inflation rate. But it might be a good magnitude.
FL
Florida 2025 Regular Session
January 14, 2025 - 01:00 PM
Transcript Highlights:
- And, Chair, if I could just add, you did ask specifically about inflation.
- A lot of that has to do with inflation.
- It has to do with inflation.
- And the reason is largely due to inflation.
- Almost 100% of the increase from 2007 to now is due to inflation.
Summary:
The subcommittee held its first meeting on homeowners property insurance, with members from both parties introducing themselves and repeatedly noting that insurance affordability, roof condition, claims handling, and storm recovery are top concerns for their districts. Chair Yeager said the meeting was intended as an educational discussion rather than a legislative debate, and introduced a panel that included Insurance Commissioner Mike Yaworski, consumer Chad Carr, agent Mary Catherine Lawler, insurer executive Melissa Burt DeVries, and policyholder attorney Chip Merlin.
The panel and members discussed major cost drivers in Florida homeowners insurance, including inflation, home age, roof age, mitigation features, claims history, litigation costs, reinsurance, and the Florida Hurricane Catastrophe Fund. Commissioner Yaworski said underwriting has become more sophisticated and that litigation costs, reinsurance, and replacement-cost inflation all affect premiums; he also said litigation is down about 30% and average requested rate increases have fallen from about 22.1% in 2022 to 0.8% today. DeVries said age of home, replacement cost, roof age, and coverage choices can materially change premiums, and explained that reinsurance is a major expense passed through to consumers. Merlin emphasized transparency concerns, argued that insurers are increasingly individualizing risk, and said consumers often struggle with coverage limits, deductibles, and claim denials.
Members asked about flood coverage, hurricane deductibles, managed repair programs, mitigation credits, new insurer capitalization, and whether savings from reforms are reaching consumers. Yaworski explained that flood is generally excluded from homeowners policies and covered separately, that hurricane deductibles are mandatory in Florida and usually around 5%, and that the office tracks savings from reforms through rate filings and insurer discussions. He said the state is updating mitigation discounts and monitoring new entrants closely for solvency and market conduct. Several members and panelists said recent reforms have helped reduce some abuses and litigation, but many consumers are still seeing higher premiums because replacement costs and reinsurance remain elevated. No votes or formal actions were taken.
MN
Transcript Highlights:
- The A3 amendment would inflation.
- implementation of an automatic inflator implementation of an automatic inflator for<01:08:57.679
- >
general automatic inflator to the general automatic inflator to the general education<01:11: - Our schools are funding and inflation.
- The formula inflator. With 2023, the historic piece for us was the formula inflator.
NH
New Hampshire 2026 Regular Session
House Public Works and Highways (03/31/2026)
Public Works and Highways
Transcript Highlights:
- What are the cost inflation trends?
- adjust as inflation changes.
- >
as <00:47:06.600>inflation automatically adjust as inflation automatically adjust as - inflation changes. changes. changes.
- And this all while inflation has soared over that same time period.
LA
Louisiana 2026 Regular Session
Local and Municipal Affairs May 21st, 2026
Transcript Highlights:
- So the amendment says that the wage would be adjusted each year based on inflation using the consumer
- If the minimum wage had simply kept up with inflation and the cost of living, since it last went up,
- If the minimum wage had simply kept up with inflation and the rise in economic productivity, it would
- You talked about if we had kept up with inflation, whatever, it'd be $23 an hour is what the minimum
- I said inflation and productivity gains. Okay.
Summary:
The Committee on Local and Municipal Affairs met on May 21, 2012, with a quorum present and first approved the minutes from the prior meeting. The committee then heard Senate Bill 230 by Senator Barrow, a proposed constitutional amendment to let voters decide whether Louisiana should establish a state livable/minimum wage starting at $10.25 per hour in 2027, with future increases tied to the Consumer Price Index. Senator Barrow and several supporters framed the bill as a response to stagnant wages, rising housing and living costs, poverty, and related social problems, including crime, family instability, and child care barriers. A technical amendment was adopted to correct the bill’s language after questions were raised about whether it improperly required all employers to pay the stated wage rather than setting a minimum wage floor.
Public testimony was largely in favor. Supporters included Mother Pearl Porter, who described decades of wage stagnation compared with sharply rising costs of rent, food, and gas; Angela Adkins of 10,000 Women Louisiana, who said workers should be able to cover basic expenses and that indexing wages to inflation would prevent future erosion; Jan Moeller of Invest in Louisiana, who argued the bill would help the ALICE population and noted Louisiana’s high poverty and inequality rates; Julie Schwamm Harris, who linked low wages to broader economic and social harms; Tom Costanza of the Louisiana Conference of Catholic Bishops, who cited Catholic social teaching and the common good; and Tyler Phillips, who spoke about the impact of low wages on students and low-income communities. The Louisiana Restaurant Association opposed the bill, arguing it did not account for tipped workers and would increase costs for restaurants and consumers.
After debate, Senator Boudreaux moved to report SB 230 as amended. The motion failed on a roll call vote, 2 yeas and 3 nays, so the bill was not reported from committee. The meeting then adjourned.