Video & Transcript Research : 'excess contributions'

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TX

Texas 89th Regular

State Affairs Apr 30th, 2025

State Affairs

Transcript Highlights:
  • these measures, House Bill 4921 aims to ensure that state funds and benefits support entities that contribute
  • Thank you for your contributions. and be reported favorably with the full House recommendation that it
  • Total of service award to formally recognize individuals who have made extraordinary contributions to
  • Texas residents who either honorably retired from public service at the state or local level, or contributed
MN

Minnesota 2025-2026 Regular Session

Committee on Taxes - 04/16/26

Taxes

Transcript Highlights:
  • fund for that only uh excess tax fund. fund for that only uh excess tax fund.
  • <00:16:13.519> towards still provide uh contributions towards still provide uh contributions
  • along capital improvements contributions along capital improvements contributions along with<00:16
  • You know, there's no excess anything. I don't know why that term is being used.
  • operating cost and capital contribution operating cost and capital contribution for<00:25:57.200
Keywords: 1187, senate, all
CA
Transcript Highlights:
  • Has it been the general fund baseline contributions or has it been the excess capital?
  • It's slightly more excess capital gains.
  • I think our estimate is that it's 65% excess capital gains. 35% base amount.
  • So the voluntary contributions have been very significant if you look at it as what was contributed in
  • the moment that it was contributed, right?
Keywords: 988, house, all
NH

New Hampshire 2025 Regular Session

House Education Funding (02/12/2025)

Transcript Highlights:
  • excess SWP back to the state.
  • excess SWP back to the state.
  • excess SWP back to the state.
  • excess SWP back to the state.
  • excess SWP back to the state.
Keywords: 928, house, all
Summary: The committee held a work session focused on school funding formulas, adequacy aid, and special education aid, with the chair outlining a schedule for the next several Tuesdays and noting that the committee would likely need multiple executive sessions to narrow down the bills. Members discussed the FY 26 formula, including base cost, differentiated aid, extraordinary needs grants, hold harmless provisions, and the roughly $28 million in excess statewide education property tax (SWP) funds that are not currently returned to the state under the existing formula. The first bill discussed was HB 137, which would allow excess SWP funds to remain with the local municipality for school and municipal purposes. Representative Spilsbury argued the issue is fundamental and suggested the state should require excess funds to be remitted back to the state, while Representative Damon said the bill appears to codify current practice and may be unnecessary, especially given possible court action. The discussion then shifted to a related bill from Representative Fellas that would redefine SWP as local money rather than state money and keep the current adequacy aid numbers revenue-neutral for now. Representative Fellas explained that SWP was created in 1999 after the Claremont lawsuit as part of the state’s effort to show increased school aid, but that it effectively labeled part of the local property tax as state money without changing property tax bills. She argued the state should not be tapping local property tax revenue and said her bill would preserve the current distribution while removing the SWP tax label, with future work possible on a different measure of local capacity such as income, home values, or poverty rate. Members also referenced prior discussions of fiscal capacity aid, relief aid, and other formula changes as part of the broader effort to restructure school funding.
CA
Transcript Highlights:
  • Has it been from the General Fund baseline contributions, or has it been the excess capital gains?
  • It's slightly more excess capital gains.
  • So the voluntary contributions have been very significant if you look at it as what was contributed in
  • the moment that it was contributed, right?
  • Okay, so we made about a $3 billion contribution.
Summary: The Assembly Budget Subcommittee on Accountability and Oversight held a hearing on proposals to reform California’s Budget Stabilization Account, or rainy day fund, ahead of the May Revision. Members and witnesses reviewed how Proposition 2 (2014) changed reserve rules, including mandatory deposits, a 10% cap on the fund, and limits tied to the Governor’s declaration of a budget emergency. LAO staff explained that California’s revenues are highly volatile, that current reserve rules are complicated by interactions with Proposition 98 and the Gann limit, and that under current law reserves would cover only about one-third of funding shortfalls in a benchmark scenario over 50 years. The LAO presented its report recommending a larger reserve target, including raising the cap to 50% by 2055 and pairing that with either broader, more flexible deposit rules or a simpler approach that deposits all excess capital gains. The Department of Finance described the Governor’s proposal to raise the cap from 10% to 20% and exempt BSA deposits from the state appropriations limit, while Assembly Member Valencia presented ACA 1, which would make similar changes and was described as an evolving proposal. Testimony generally supported saving more during boom years, but differed on how much to hardwire into the Constitution versus leave flexible, and on whether to broaden the deposit formulas beyond capital gains. Public witnesses and committee members raised additional issues, including whether reserve reforms should also address debt repayment, the treatment of unemployment insurance fund debt, and whether the Gann limit should be adjusted to better allow reserve growth. Supporters argued that stronger reserves would protect Californians from cuts during downturns and help the state weather volatility and federal funding threats. Some advocates warned that reforms should not come at the expense of current public needs, while taxpayer representatives cautioned against turning the BSA into a pass-through account that weakens constitutional spending limits. The hearing ended without a vote, with the committee chair noting the complexity of the issue and adjourning after public comment.
CA
Transcript Highlights:
  • Excess land, the excess sites program, works differently on state-owned land.
  • But yes, I think maybe a social housing pilot on excess land, where...
  • That contributes to the supply of affordable and workforce housing in our communities.
  • That contributes to the supply of affordable and workforce housing in our communities.
  • Mutual Housing right now is a project under construction on an excess land site. Just a few...
Summary: The committee heard testimony on several housing-related proposals and policy ideas. One speaker urged changes to the welfare property tax exemption for affordable housing, arguing that annual income recertifications are outdated and burdensome, and proposing a one-time qualification at move-in, streamlined monitoring through TCAC or HCD, and continued exemption protection for projects that remain in compliance. The witness said rising insurance costs and administrative burdens are hurting cash flow and threatening the viability of affordable housing operations. A major portion of the meeting focused on social housing and the SB 555 study. HCD described its ongoing study process, including public engagement with residents, practitioners, and experts, and noted that California already has many building blocks for social housing, such as public land tools, long-term affordability mechanisms, community land trusts, and tenant protections. Community land trust and housing policy witnesses argued that social housing will require legislative action, expanded public subsidy, tax abatements, public land, and simplified financing, and they emphasized the need to reframe the concept for the “missing middle” and middle-class households to build broader political support. Committee members discussed stigma around “social housing,” the need for a rebrand, and the possibility of a pilot program, especially on excess public land. The committee also heard a proposal for a certified professional plan-check system modeled on Vancouver, Canada. The presenter said California’s permitting delays, inconsistent reviews, and staffing shortages add cost and uncertainty even for streamlined projects, and proposed allowing state-certified private professionals to perform plan checks and inspections under state oversight while local governments retain zoning and enforcement authority. Members discussed local control concerns, infrastructure costs, and the need to reduce delays and uncertainty in the entitlement process. Finally, the committee heard testimony supporting changes to HCD loan disbursement so funds can be used during construction rather than only after completion. Witnesses said this would reduce interest costs, improve feasibility, and could produce additional affordable homes with existing funding. The discussion also referenced AB 1053 as the vehicle for implementing that approach.
MN

Minnesota 2025-2026 Regular Session

Committee on Taxes - 02/24/26

Taxes

Transcript Highlights:
  • <00:03:43.560> to should otherwise help contribute to should otherwise help contribute to
  • So, it says, 'This is excess increment, but it's okay if you use excess increment to pay that debt.'"
  • So, it says, 'This is excess pay.
  • excess increment to pay that debt.'" excess increment to pay that debt.'"
  • try to show that there is no excess try to show that there is no excess increment?
Keywords: 1187, senate, all
CA
Transcript Highlights:
  • In addition, the excess sites program allows the state to ground lease its land for affordable housing
  • Excess land, the excess sites program, works differently on state-owned land.
  • But yes, I think maybe a social housing pilot on excess land, where...
  • That contributes to the supply of affordable and workforce housing in our communities.
  • Mutual Housing right now is a project under construction on an excess land site, just a few...
Keywords: 988, house, all
WA

Washington 2025-2026 Regular Session

Select Committee on Pension Policy Jun 17th, 2025

Select Committee on Pension Policy

Transcript Highlights:
  • I know they plan to look at excess compensation pretty carefully.
  • And then as far as, you know, LEOFF 2 excess compensation.
  • compensation we do pay plenty of I’m not criticizing any of the excess compensation.
  • Well, let's pencil excess compensation in for December.
  • Member Marietta had mentioned contribution rates history might be helpful.
Summary: The committee approved the May minutes by roll call vote and then received brief updates from the Attorney General’s office and the Office of the State Actuary. The AG’s office said it would handle legal analysis related to the committee’s work, while the actuary reported that staff were at capacity this summer due to annual valuation work, experience studies, and other retirement system projects, but would have more capacity in the fall. Members also requested access to fiscal note and actuarial materials related to the LEOFF 1 study and related legislation. The main discussion focused on the LEOFF 1 study, including actuarial funding, a proposed merger/termination/restatement approach, and the possibility of a permanent COLA for Plan 1 members. Several members supported keeping COLA recommendations in the committee’s work, while others raised concerns about whether merging or restating plans could affect benefits, legal status, or IRS tax treatment. The actuary explained that the temporary pause in certain funding rates reflected prior overfunding buffers and assumptions about future investment returns, and said future base-rate funding could still be needed depending on experience. Members also discussed constituent correspondence, which staff said largely fell into four categories: the LEOFF 1 study, Plan 1 benefits and COLAs, fossil fuel divestment, and ESSB 5357. The committee agreed that divestment concerns are more appropriately directed to the State Investment Board, not this committee. In reviewing the draft interim work plan, members added or adjusted several topics for future meetings, including a July educational briefing on LEOFF 1 history and tax/IRS issues, a September discussion of COLAs, and a December placeholder for excess compensation/pension spiking, pending coordination with the LEOFF 2 Board. The committee then approved the July agenda and adjourned.
HI

Hawaii 2025 Regular Session

JDC Public Hearing 02-05-2025

Judiciary

Transcript Highlights:
  • The excess cash contributions will be treated like other excess contributions, where there's a 30-day
  • The excess cash contributions will be treated like other excess contributions, where there's a 30-day
  • The excess cash contributions will be treated like other excess contributions, where there's a 30-day
  • The excess contribution would be sent to the Hawaii Election Campaign Fund, so the excess cash contributions
  • section 11 364 to provide that an excess section 11 364 to provide that an excess contribution<01
Keywords: 912, senate, all
Summary: The committee heard several election-related bills first. SB 51, a comprehensive public financing bill for candidates, drew strong support in testimony but also concerns from the Campaign Spending Commission that the Hawaii Election Campaign Fund has only about $2.2 million, far short of what would be needed, and that the program could not realistically start in 2026 because of staffing and system changes; the commission asked for a start date no earlier than 2028. SB 118, which would create a full-time investigator position at the Campaign Spending Commission, was supported by the commission, which said it has lacked staff growth since 1995 and that an investigator is needed to handle investigations instead of having the commission’s attorney do that work. SB 255, a housekeeping bill on excess cash campaign contributions, was supported by the commission and several county officials and would require excess cash contributions over the limit to be returned within 30 days or turned over to the Hawaii Election Campaign Fund. SB 345, which would expand the current partial public financing program, was supported by the commission but drew questions because it would still allow private fundraising; the commission said that under its assumptions the bill would provide more total public funds than SB 51, with a maximum of a little over $20 million versus a little over $15 million for SB 51. Testimony counts were reported as 125 support/48 oppose for SB 51, 26 support/0 oppose for SB 118, 30 support/49 oppose for SB 255, and 30 support/49 oppose for SB 345. The committee then discussed SB 176 on recount thresholds. The Office of Elections said it would stand on written testimony, and the East Hawaii Republican Party was listed but not present. The Office of Elections explained in response to questions that the bill’s recount trigger would be based on the final election-day count, not the early 6 a.m. tabulation, because the initial count is not complete until later in the day and cured ballots are counted later; the office said it does not want to begin recounts before all election-day ballots are counted. The reported testimony count was 4 support, 50 oppose, and 2 comments. Finally, the committee heard SB 260, the Judiciary’s biennial budget bill. Judiciary staff requested about $6.17 million in FY 2026 and $6.25 million in FY 2027 for operations, 17 permanent positions and one temporary position, plus $11.9 million for capital improvements. The Judiciary said the request would support specialty courts such as Women’s Court, Truancy Court, and DWI Court, a new Wahiawa District Court unit, an additional district court judge in Kona, cybersecurity, the Criminal Justice Research Institute, and facility projects including South Kohala design work and a Kauai chiller replacement. Civil legal services providers, including Volunteer Legal Services Hawaii, Legal Aid Society of Hawaii, the Legal Clinic, Kuikahi Mediation Center, the Domestic Violence Action Center, the Hawaii State Bar Association, and the Hawaii Access to Justice Commission, all supported the bill but asked for an additional $1 million for the civil legal services line item, saying demand is high and the funding is spread across more providers than before. The Judiciary clarified that some of its requested positions would support Wahiawa and Women’s Court, and that the civil legal services funding goes to organizations serving low-income residents on issues such as immigration, domestic violence, evictions, and foreclosures. The committee also briefly took up SB 279 on fentanyl possession thresholds, where the prosecuting attorney’s office supported the bill and said fentanyl is already driving overdose deaths and that the proposed thresholds target distribution-level quantities rather than personal use.
VT

Vermont 2025-2026 Regular Session

House Caucus of the Whole - 2026-05-29 - 11:15AM

Vermont House Floor Meeting

Transcript Highlights:
  • The estimated FY27 excess spending exclusions and how much is being excluded from the excess spending
  • The estimated FY27 excess spending exclusions and how much is being excluded from the excess spending
  • James and it's Excess Spending 101 and explains everything about the uh calculating the excess spending
  • Excess spending school budgets.
  • Does that count against them on their excess spending? I know it... on their excess spending?
Keywords: 926, house, all
TX

Texas 89th Regular

Transportation Apr 24th, 2025

Transportation

Transcript Highlights:
  • of the excess proceeds.
  • You and I who drive the toll roads contribute to that revenue.
  • , or 25% over the last two years, we've contributed that excess sales tax.
  • But most importantly, DART contributes to economic development. of our region.
  • So much so that we would like a percentage of our contribution back to contribute 6 or 7 million towards
HI

Hawaii 2025 Regular Session

JDC Public Hearing 03-11-2025

Judiciary

Transcript Highlights:
  • HB 369 relates to campaign contributions and amends section 11-364 to provide that an excess contribution
  • :13.680> that<00:12:13.800> an<00:12:14.000> excess<00:12:14.399> contribution
  • to provide that an excess contribution to provide that an excess contribution of<00:12:14.959>
  • So this bill is merely requiring that any excess contribution that is not returned to the contributor
  • > than<00:26:26.480> $100 an excess contribution of more than $100 an excess contribution
Keywords: 912, senate, all
Summary: The Judiciary Committee heard testimony on several bills covering criminal justice, elections, and wildfire-related settlement funding. HB 103 would raise the age cutoff for life-without-parole eligibility from 18 to 21; supporters included the Public Defender and others, while prosecutors and some others opposed it. HB 11 would allow civil claims against people or businesses profiting from sexual exploitation or sex trafficking; it drew mostly support but was not ready for a vote and was deferred for further questions. HB 132 would expand a state-initiated expungement pilot to include possession of any Schedule V substance; the Public Defender, ACLU, and oversight groups supported it, with one opponent, and committee questions focused on what substances and how many cases would be affected. HB 145 would require the Hawaii Criminal Justice Data Center to transmit expungement orders to the Judiciary to implement Act 159; the Judiciary and Public Defender supported it, and members discussed technical issues involving multiple defendants and multiple charges. HB 369, a campaign finance housekeeping bill on excess cash contributions, and HB 408, which aligns voter registration-by-mail deadlines with current law, both received support and no opposition of note. The committee also heard HB 1175, which creates appropriations and a trust fund for Maui wildfire settlement claims; the Attorney General’s office, Maui County Council, and Tax Foundation supported it, while one senator said he would vote no because of concerns about House leadership. HB 386, which conforms drug possession thresholds for methamphetamine, heroin, morphine, and cocaine, was supported by law enforcement and prosecutors. HB 134 would require electronic filing of nomination papers; the Elections Office supported it but asked that any convenience fee be authorized in statute, while one witness opposed it over security and cost concerns. After testimony and questions, the committee took up decision-making and passed HB 103 with amendments, deferred HB 11, and passed HB 132, HB 145, HB 369, HB 408, HB 1175, HB 386, and HB 134, with HB 134 amended to clarify no additional charge for electronic filing.
AZ

Arizona 2026 Regular Session

03/25/2026 - House Judiciary

Judiciary

Transcript Highlights:
  • What might be excessive to one person is not excessive to the other, okay?
  • What might be excessive to one person is not excessive to the other, okay?
  • But what you may call excessive might not be to the other.
  • What's an excessive noise? Certain decibel?
  • What's an excessive noise? Certain decibel?
KY
Transcript Highlights:
  • I will say the slight difference on the non-hazardous: any excess cannot be applied.
  • I will say the slight difference on the non-hazardous: any excess cannot be applied.
  • I will say the slight difference on the non-hazardous: any excess cannot be applied.
  • I will say the slight difference on the non-hazardous: any excess cannot be applied.
  • contribution rate to make up the difference to equal the benefit."
Summary: The meeting opened with roll call, a quorum was confirmed, and the minutes were approved. The committee then heard testimony on Senate Bill 9, which concerns TRS sick leave audit requirements and process. Auditor Allison Ball’s staff said the audit is an information-gathering review of how teacher sick leave is accumulated, current balances, how many employers use the sick leave function, and the policies and procedures governing sick leave. Members discussed how unused sick leave affects retirement calculations, the distinction between the state’s financial responsibility and school districts’ responsibility, and whether the audit would also examine related leave categories such as personal leave, annual leave, and leave of absence. Committee members emphasized that Senate Bill 9 was intended to add accountability and standardize reporting, including preventing annual leave from being rolled into sick leave. Several members asked for clarification on how sick leave is factored into retirement benefits. Witnesses and members explained that, under the system described, accumulated sick leave can be converted into retirement credit based on a teacher’s daily rate and then multiplied by a percentage, with the school district often bearing the cost. Members also noted nuances in the law, including different accumulation limits by hire date and tier, and that the audit may help the public better understand why some educators retire relatively young. The auditor’s office said it is still early in the process, has met with TRS leadership, and will report back once the audit progresses. The committee also asked whether maternity leave would be included; the auditor’s office said it was not specifically mandated but could be examined if the body requests it. The committee then received an overview of Senate Bill 10 from KPA representatives Ryan Barrow and Rebecca Atkins. They explained that the bill enhances retiree health insurance benefits for certain CRS members who are non-Medicare participants and meet specified career thresholds, with different rules for hazardous and non-hazardous service. They described the benefit as $40 per month per year of service for non-hazardous service and $50 per month per year for hazardous service, both inflated annually, and clarified that these amounts are not cumulative with prior benefit formulas. Members asked about the interaction between the new amounts and existing benefits, and the presenters explained that the bill also changes current employee health insurance contribution rates effective July 1, 2026, with different impacts by tier and hazardous status. The committee discussed the need for clear communication to affected employees and reviewed example calculations showing how the new contribution structure would work.
MN

Minnesota 2025-2026 Regular Session

House State Government Finance and Policy Committee 3/25/25

State Government Finance and Policy

Transcript Highlights:
  • Now our office as I said is contributing a net 29 million that again 29 million above and in excess of
  • Now our office as I said is contributing a net 29 million that again 29 million above and in excess of
  • Now our office as I said is contributing a net 29 million that again 29 million above and in excess of
  • Now our office as I said is contributing a net 29 million that again 29 million above and in excess of
  • Now our office as I said is contributing a net 29 million that again 29 million above and in excess of