Transcript Highlights:

• Therefore, we included price elasticity to take into account Therefore, we included price elasticity
• As discussed previously, tariffs increase the price of goods.
• Now let's dive into some details on prices. I've got good... Into some details on prices.
• They're price takers, not price makers. So unfortunately, that's happening as well.
• Do you have any estimates on like FTE requirements?

Summary: The committee held a work session focused on the effects of tariffs on Washington’s economy, agriculture, and small businesses, followed by updates on emergency management, cybersecurity, disaster resilience, tsunami preparedness, and World Cup security planning. Office of Financial Management economist Abdelamintrawe Trieri said tariff increases are expected to raise prices, reduce output and employment, and lower state revenue over a four-year horizon, with the hardest-hit sectors including aerospace, food and beverage manufacturing, and agriculture. Members asked about updated tariff scenarios, crop-specific impacts, inflation versus deflation in different goods, and whether some manufacturing sectors could benefit; staff said updated numbers would need to be rerun as tariff rates changed. Washington Department of Agriculture representative Ryan Hamm described how tariffs raise costs for farm inputs such as equipment, parts, packaging, and fertilizer, while also affecting exports of key commodities like wheat, potatoes, apples, cherries, dairy, and wine. He said some sectors support tariffs on competing imports, but retaliation and market restrictions have hurt exports, especially to China and, in the wine sector, Canada. Department of Commerce representative Andrea Chartock outlined export assistance, business finance, recruitment, and industry-sector development programs, and proposed expanding tariff-resilience support through market diversification, supply-chain optimization, and efforts to attract investment and federal funding. She also noted uncertainty around delayed federal STEP funding for small business export assistance. Emergency Management Division Director Robert Ezell warned that federal disaster and mitigation funding is becoming less reliable, citing the denied bomb cyclone disaster declaration, delays in FEMA grant processing, and possible restructuring of FEMA that could shift more responsibility to states. He said Washington may need stronger state-funded public assistance, individual assistance, and mitigation programs, along with broader coordination among state agencies and local governments. Cybersecurity staff described state efforts to support local governments through the Cybersecurity Advisory Committee, threat intelligence sharing, vulnerability assessments, and a proposed volunteer incident response team, while noting the loss of MS-ISAC funding and the importance of continued state matching funds for cybersecurity grants. Hazard mitigation and tsunami staff emphasized the need for sustained investment in flood, wildfire, earthquake, lahar, and tsunami resilience, including vertical evacuation structures and language-access outreach. Ezell also briefed the committee on World Cup security preparations and federal grants for counter-unmanned aircraft systems, explaining that the state can buy mitigation capabilities but current authority to use them remains largely federal; the committee asked follow-up questions about fan zones, training, and the meaning of drone mitigation. No votes were taken, and the meeting ended with adjournment after the presentations and questions.

Transcript Highlights:

• Based on estimates provided by the military department, the agency estimates increased expenditures to
• We pay the discounted price post-rebate.
• on the drug, we're paying full price.
• They get priced out now, and they will be priced out in the future if we don't all pull together, put
• indeterminate costs, with Central estimating less than $50,000 and Evergreen estimating greater than

Summary: The Ways and Means Committee held a public hearing on multiple bills, beginning with a motion to suspend the five-day notice rule for a long list of Senate bills, which passed on a voice vote. The committee first heard Substitute Senate Bill 6026, a governor-request housing bill that would require cities and counties over 30,000 population to allow residential uses in commercial and mixed-use zones, limit mixed-use/ground-floor commercial requirements in some areas, and allow added height where such requirements are imposed. The lieutenant governor testified strongly in support, arguing the bill would add needed housing capacity without requiring ground-floor retail burdens. The hearing on SB 6026 was then suspended so the committee could move through the agenda. The committee then heard Senate Bill 6294, a broad local government finance measure with eight parts, including expanded uses for certain REET revenues, a new county public utility tax, a new local sales tax for children and family services, expanded housing-related tax uses, changes to county levy structure, longer lid lift periods, and expanded use of rental car tax revenue. Local government, housing, and public health witnesses largely supported the bill, emphasizing flexibility for affordable housing, rental assistance, children’s services, and county fiscal stability. Opponents, including wireless industry, water/sewer district, auto dealer, realtors, energy, and cannabis representatives, objected to specific tax provisions as regressive, costly, or likely to raise consumer prices. Several witnesses requested amendments, including adding public health clinic funding and flood recovery language from House bills. The committee also heard Substitute Senate Bill 5400 on local news sustainability, which would create a state grant program funded by a surcharge on large search engines and social media platforms to support journalism jobs and the Murrow Fellowship program. News organizations, the League of Women Voters, open government advocates, and local journalism supporters testified in favor, saying local news is essential to civic life and that the bill would help sustain reporting without using general fund dollars. Technology industry representatives opposed the bill, arguing it unfairly singles out tech companies and could face legal challenges. The committee then heard Senate Bill 6211, which would let opt-in GMA jurisdictions impose REET-2 without voter approval; cities and counties supported it as a parity and infrastructure funding measure, while Realtors opposed the loss of voter approval. Senate Bill 5650, authorizing local cannabis excise taxes, drew support from some local officials but strong opposition from cannabis businesses, which argued Washington’s cannabis taxes are already too high and drive sales to the illicit market. Senate Bill 6033, waiving penalties and interest for taxpayers who failed to collect new sales tax on certain services, was supported by NFIB as a compliance and fairness measure. Senate Bill 6297, exempting temporary staffing services for nonprofit behavioral health providers from sales tax, drew strong support from behavioral health organizations citing workforce shortages and unsustainable costs. Finally, Senate Bill 6343, extending and expanding tax relief for disaster-damaged property and repairs, was presented as aid for flood recovery; local officials testified in support. No final committee votes on the bills were taken in the portion of the meeting provided.

Transcript Highlights:

• </c> Strait of Hormuz had caused gas prices Strait of Hormuz had caused gas prices to<00:03:19.239><c
• </c> emergency relating to gas prices. emergency relating to gas prices.
• </c> the impact on the road fund is estimated the impact on the road fund is estimated at<00:05:08.360
• </c><00:09:14.360><c> is</c> through December, and our estimate is through December, and our estimate
• If gas prices go that seems opposite.

Keywords: 00:01 Call to Order and Roll Call 01:22 Overview/Impact of Executive Order 47:02 General Funds in Road Plan 50:37 Adjournment, 958, all

Summary: The Budget Review Subcommittee on Transportation met for its first meeting and received an overview from Transportation Cabinet officials on the governor’s executive order responding to high gas prices. Deputy Secretary Mike Hancock and budget director Shawn McKiernan explained that the order declared a state of emergency, reduced the state motor fuels tax by 10 cents per gallon, froze the tax rate for FY27, and urged Congress to suspend the federal gas tax. They said the emergency regulation would remain in effect until the war in Iran ends or Kentucky gas prices fall below $3 per gallon, and that any transportation budget shortfalls could be covered by the state budget reserve trust fund if requested later by the governor. McKiernan estimated the 10-cent reduction would reduce the road fund by about $26.8 million per month, with roughly 44% flowing to county road aid, rural secondary, and municipal road aid. He said the immediate impact to counties and cities would be about $11.8 million for one month, while the cabinet would see about $15 million per month less available for its own use. He also said the freeze on the FY27 motor fuels tax rate would prevent a scheduled increase and, compared with the budget assumption, would produce about $42 million in net additional revenue, split between local governments and the cabinet. He added that if the reduction lasted through December, the major transportation programs could be down about 16.9% from budgeted levels. Members focused on the effect on local governments, the road fund, and the cabinet’s cash management process. Several senators and representatives criticized the executive order as short-sighted or political, while others emphasized the need for a long-term solution to transportation funding. Questions were raised about how make-whole payments to counties and cities would be handled, how the cabinet manages cash flow, and whether the state should continue relying on general fund transfers to support the road plan. Cabinet officials said they would work with lawmakers, explained that project authorizations are managed based on cash flow and seasonal spending patterns, and noted that construction and maintenance costs have risen sharply, making revenue adequacy a continuing concern.

Transcript Highlights:

• UTC also estimates $154,000 in ongoing costs per year for an estimated one additional litigated case
• This estimate is unknown.
• This estimate is unknown.
• Second, it modifies the prohibition on surge pricing and surveillance pricing to the use of personal
• pricing, which I'll just call modifying pricing.

Summary: The committee began with a public hearing on Substitute House Bill 1592, which would change how state public defense funds are distributed and, in the substitute version, keep current law on state funding responsibility while revising the allocation formula. Staff explained the bill would shift county and city distributions to a pro rata, caseload-based model, allow very low-density counties to request OPD to provide some or all public defense services, require additional data collection and reporting, and direct OPD to study caseload reductions and retention. Representative Peterson said the bill is meant to create a better structure for future state support of indigent defense without the very large cost of the original proposal. Testimony from counties, cities, OPD, defenders, and local officials was strongly supportive, emphasizing a statewide public defense crisis, rising local costs, staffing shortages, and the need for a fairer funding model. The committee then heard Substitute House Bill 1742 on environmentally sustainable urban design and Substitute House Bill 1906 on water system regulation and water rates. HB 1742 would create a center in Ecology to promote sustainable urban design, fund design competitions and grants, and establish an advisory council; the sponsor said the bill reflects a desire to support a pilot project through alternative funding, and there was no public testimony. HB 1906 would require more planning and notice for Group A water systems, add customer notice and right-of-first-refusal provisions for some ownership changes, and direct the UTC to consider external funding sources, capital planning, and rate smoothing when setting water rates. Water utility and PUD witnesses supported the goal of improving transparency and consolidation of failing small systems, while noting the substitute reduced some fiscal concerns. The committee also heard HB 2248 on Secretary of State corporate and charity filings, HB 2438 creating the SEED scholarship for early childhood education students, and HB 2515 addressing emerging large energy use facilities such as data centers. HB 2248 would redirect part of annual filing fees to the Secretary of State revolving fund, require initial reports from nonprofits and LLPs, and change trademark certificate procedures; the fiscal note showed modest revenue losses, and the division supported restoring the fee split for operational funding. HB 2438 would transfer $10 million annually from the GET account to fund scholarships and wraparound services for early childhood education degree seekers, with testimony from early learning advocates and a student describing workforce shortages and personal financial barriers. HB 2515 drew extensive testimony both for and against: supporters said it would protect ratepayers, water resources, and grid reliability by requiring tariffs, reporting, clean-energy requirements, and a fee on large energy users; opponents argued it singled out data centers, could hurt investment and jobs, and included unrelated labor and procurement provisions. After public testimony, the committee moved into executive-session briefing on several bills and amendments, including HB 1903 on statewide low-income energy assistance, HB 1909 on a court unification task force, HB 1982 on vacating certain convictions tied to treaty Indian rights, HB 2034 on LEOFF Plan 1 retirement changes, HB 2105 on employer notice of federal I-9 audits, HB 2210 on ranked-choice voting, HB 2215 on Climate Commitment Act fuel supplier obligations, and HB 2271 on post-consumer recycled content requirements. Staff summarized proposed substitutes and amendments, with several changes aimed at reducing or shifting fiscal impacts, narrowing agency duties, or striking provisions entirely.

Transcript Highlights:

• So CARB is estimating that program valued at about $4 billion.
• So that reflected a price of around $33 to $35, depending on the calendar year because the floor price
• And will these amendments have any effect on near-term fuel prices?
• It would depress market prices for the auctions.
• prices.

Keywords: 987, senate, all

Transcript Highlights:

• And actually, the cost estimate comes later in the process.
• And then you would have to determine who's the best cost estimator.
• estimator?
• And to your point around, is this the low price?
• the homes were built after 2008, with a median price of $380,000.

Keywords: 959, house, all

Transcript Highlights:

• UTC also estimates $154,000 in ongoing costs per year for an estimated one additional litigated case
• This estimate is unknown.
• Second, it modifies the prohibition on surge pricing and surveillance pricing to the use of personal
• pricing, which I'll just call modifying prices moving forward.
• Those are price reductions that are offered equally to all consumers; price adjustments for activities

Bills: HB2104, HB1903, HB1909, HB1982, HB2034, HB2105, HB2210, HB2215, HB2271, HB2345, HB2355, HB2384, HB2389, HB2397, HB2418, HB2429, HB2442, HB2479, HB2481, HB2681, HB2688, HB2714

Keywords: aviation, wildland fires, funding, disaster relief, emergency response, energy assistance, low-income, utility costs, state program, energy affordability, court unification, task force, Washington courts, judicial administration, court reform, access to justice, local court rules, uniformity, centralization, rural courts

Transcript Highlights:

• </c> uh lower world demand lowers oil prices uh lower world demand lowers oil prices to<00:08:24.400>
• </c> for the official estimates. for the official estimates.
• price, is higher.
• </c> average of the four quarterly estimates. average of the four quarterly estimates.
• </c> these are the current estimates. these are the current estimates.

Keywords: 958, all

Summary: The meeting focused on reaching consensus on official Kentucky revenue estimates for fiscal years 2026 through 2028, using updated S&P Global economic forecasts compared with the September presentation. Staff explained that the updated forecast relied partly on alternative data because of the federal government shutdown, and they walked through changes in national and Kentucky economic assumptions across control, optimistic, and pessimistic scenarios. The control forecast was described as slightly more optimistic in the near term but more cautious in fiscal 2027 and 2028, with GDP growth revised up for the current year and down somewhat in the outer years. The pessimistic scenario now assumed a two-quarter recession beginning in the current quarter, while the optimistic scenario was given a higher probability weight than before. The presenters highlighted several Kentucky-relevant variables that changed since September, including weaker manufacturing employment, weaker housing starts, weaker consumer sentiment, and lower expected non-farm employment in fiscal 2026. At the same time, wage and salary disbursements were revised upward in fiscal 2027, reflecting higher disposable income from tax changes, and real consumer spending was expected to be stronger in the near term. They also discussed assumptions about tariffs, business profits, the Federal Reserve, unemployment, oil prices, retail sales, vehicle sales, exports, and consumer sentiment, noting that some indicators were little changed while others shifted materially. Consumer sentiment was attributed to affordability concerns, tariff impacts, and a general sense of malaise, but was expected to improve in later years from a low base. Members asked follow-up questions about why the forecast worsened in later years and about the consumer sentiment assumptions. Staff responded that the forecast assumed larger take-home pay and refunds from tax withholding changes, along with some easing of tariff effects, which they believed would help offset a negative wealth effect from stock market declines. They also noted that S&P Global’s December forecast, which had already been published, was essentially consistent with the presentation and that the firm believed its earlier assumptions had tracked recent data well. No vote or final action was recorded in the portion provided, but the discussion was aimed at settling the revenue estimates that will underpin the upcoming branch budget bills.

Transcript Highlights:

• The third one is the claim cost estimate of $6 to $15 million.
• ESD estimates show that less than 50% of overpayments are recouped.
• Full capacity while there's such price pressure due to overproduction.
• This imbalance creates relentless downward pressure on wholesale prices.
• Thank you. ...the price of cannabis, the more youth are using the product.

Bills: SB6196, SB6204, SB6195, SB5882, SB6134

Keywords: kratom, taxation, regulated substances, health safety, state revenue, cannabis, marijuana, home grow, home cultivation, personal cultivation, adult use cannabis, recreational marijuana, 21 and older, controlled substances, RCW 69.50, Liquor and Cannabis Board, LCB, plant limits, cannabis possession, cannabis concentrates

Transcript Highlights:

• Write them an estimate, $800,000,000, fix it. Write them an estimate, $800,000,000, fix it.
• Our estimates pretty much match up.
• HB 800 is not a price control legislation, nor does it mandate any uniform pricing.
• HB 800 is not a price control legislation, nor does it mandate any uniform pricing.
• The prices are higher.

Summary: The committee first heard House Bill 267, which would change the membership rules for the Louisiana State Board of Home Inspectors by adjusting appointment qualifications, term limits, and nomination procedures. Vice Chair Thomas explained the bill was meant to address the lack of nominations from existing entities and to allow the governor more flexibility, especially in smaller districts. After adopting a technical amendment, the committee reported HB 267 favorably. The committee then considered House Bill 478 on utility overcharge reimbursements. The bill, as amended, requires utilities to clearly label reimbursements on customer bills and sets a deadline for issuing refunds. After discussion with the Public Service Commission and utility representatives, the committee changed the reimbursement timeline from 45 days to 90 days and clarified that the bill would not interfere with larger settlement or regulatory credits. HB 478 was then reported favorably as amended. The longest discussion centered on House Bill 924, a consumer protection measure aimed at contractors who solicit residential property owners after declared disasters. The author said the bill was intended to curb predatory storm-chasing and fraudulent insurance-related practices, while still allowing emergency mitigation work. The committee adopted technical amendments and then a conceptual amendment shortening the catastrophe response period from six months to 30 days. Testimony was split: the Insurance Commissioner and some roofing industry witnesses supported the bill as a way to deter fraud, while other contractors argued it would hurt small businesses, limit legitimate door-to-door work, and not solve enforcement problems. The bill remained under consideration after extensive testimony and public comment.

Transcript Highlights:

• Commerce estimates needing 7.7 ongoing FTEs starting in fiscal year 2027.
• The 340B drug pricing program was designed to help safety net providers.
• These are preliminary estimates, and we will update the estimate with a fiscal note as soon as it is
• And the DOL estimates an indeterminate amount of cash receipts from penalties due to insufficient estimates
• This is not something we can put a price tag on.

Summary: The committee first heard Substitute House Bill 1128, which would create a Child Care Workforce Standards Board within the Department of Labor and Industries to study child care workforce conditions and make recommendations on employment standards. Staff explained that the proposed second substitute narrows the board’s role from setting enforceable standards to making recommendations, with estimated ongoing costs for L&I staffing and smaller costs for board member stipends and possible DCYF support. Supporters, including child care providers, SEIU 925, and labor representatives, said the bill would help address understaffing, low wages, and retention problems; opponents, including child care industry groups and private schools, argued it duplicates existing work, adds bureaucracy, and creates unfunded costs. No vote was taken in the hearing. The committee then heard Second Substitute House Bill 1634, which would direct OSPI and ESDs to develop a technical assistance and training framework to help schools coordinate student behavioral health supports. Staff said the bill aligns with the Washington Thriving Strategic Plan and could largely be implemented with existing work and limited additional costs, though DOH would need some support. Testifiers from behavioral health and school counseling fields described severe youth mental health needs and urged passage, and OSPI said the work is doable with current resources. The committee also heard Substitute House Bill 2636, which would create a public education review advisory council to recommend K-12 policies and funding provisions for JLARC review; staff described JLARC, OSPI, and State Board costs, and no public testimony was offered. The committee next heard House Bill 1316, which would expand the Supporting Students Experiencing Homelessness program so additional university campuses can access funding. The sponsor said the program has strong retention outcomes, and student advocates testified that campuses such as UW Bothell need access to already appropriated funds for emergency aid, food pantries, and case management. Staff then briefed Substitute House Bill 2474, which would allow the Student Achievement Council Tuition Recovery Trust Fund to be used for refunds tied to broader consumer protection violations, with no expected fiscal impact; there was no testimony. The committee also heard Substitute House Bill 2365 on digital equity, which would expand the Broadband Office’s role, revise the digital equity forum, and rename the grant program; supporters emphasized rural access, affordability, and the loss of federal digital equity funding, while staff estimated significant Commerce staffing costs and some additional agency impacts. Finally, the committee heard House Bill 2401, creating a Washington State Boys and Men Commission contingent on non-state funding, with staff outlining OFM startup and fundraising costs and an estimated operating budget if fully funded. Supporters said boys and men face mental health, education, and mentorship gaps and that the commission would improve coordination; the bill drew testimony from rural school leaders, nonprofit advocates, and community members. The committee then heard Substitute House Bill 2475 on language access, which would require the Office of Equity to develop uniform language-access guidelines and a report on interpreter and translator shortages; staff said the office could absorb the work but other agency and local government impacts were uncertain. Substitute House Bill 2517, on permitting for high-capacity transit, would let regional transit authorities apply for permits earlier and streamline land-use processes; Sound Transit and the sponsor said it would speed delivery of major projects, while staff estimated Commerce technical-assistance costs and possible local government impacts. The last bill heard was Substitute House Bill 2145 on the 340B drug pricing program, which would bar manufacturers from restricting contract-pharmacy access and require reporting to DOH; supporters said it protects safety-net providers and patient services, while opponents warned of higher costs for employers, state health plans, and litigation burdens. No final committee action or votes were recorded in the transcript.

Transcript Highlights:

• And when the prices spiked a few years ago, we blamed price gouging.
• And my constituents are paying the price. Let me be very clear here.
• My constituents are paying the price. Let me be very clear here.
• In 2022, we had very high price spikes, both in '22 and '23.
• . ...standards and guidelines for developing those plans and cost estimates.

Summary: The Senate Environmental Quality Committee held an informational hearing on the environmental impacts and planning considerations associated with refinery closures. In opening remarks, the chair framed refinery shutdowns as a complex part of California’s decarbonization transition and said the committee would focus on environmental and land-use issues, while Vice Chair Gunda argued closures reflect years of policy-driven disinvestment and warned that supply disruptions and higher prices could harm working families. State agency witnesses from the Energy Commission, CARB, and the Water Boards described the state as being in a “mid-transition,” with declining gasoline demand, growing zero-emission vehicle adoption, and increasing conversion of some refinery assets to renewable fuels, but also with abrupt capacity losses that can force greater reliance on imports and storage. They emphasized the need for proactive planning, transparency, and coordination across agencies, and noted that refinery closures can stress pipelines, terminals, and other linked infrastructure, with potential liabilities falling to the state if those assets are not financially supported. The Water Boards explained their cleanup authorities and tools for refinery decommissioning, including investigation, monitoring, remediation, and enforcement under the Water Code, and said site-specific cleanup plans depend on contamination, groundwater conditions, and future land use. They noted that decommissioning can reveal previously inaccessible areas and require additional sampling or wells, and that cleanup costs can range from tens to hundreds of millions of dollars. Committee members pressed the witnesses on whether the state has enough information to plan for land transitions, whether current tools are adequate, and whether more standardized procedures or financial assurances are needed. The witnesses generally said existing tools are useful but that more transparency and better data sharing would help communities and policymakers understand liabilities and long-term redevelopment opportunities. Members also questioned the relationship between California policy, refinery closures, imports, and global emissions. CARB said its programs apply to transportation fuel suppliers whether fuel is refined in-state or imported, and that its climate and air-quality rules are designed to reduce emissions and avoid leakage. Some senators argued that California’s policies have accelerated closures and that demand has not fallen fast enough to offset lost refining capacity, while agency witnesses responded that closures are also driven by global market forces, aging infrastructure, crude quality, and changing fuel demand. The committee then heard from outside experts, including a Notre Dame professor who said closure costs are often underestimated and that stronger financial assurance requirements can shift company behavior, a Stanford/SLAC researcher who outlined five drivers of refinery closures, and an environmental attorney who discussed community impacts and lessons from the Phillips 66 Los Angeles refinery closure. No votes or formal actions were taken; the hearing was informational and focused on testimony and questions.

Transcript Highlights:

• You know, the price of getting to work, of getting kids to school, the price of electricity, of heating
• Gas prices continue to climb.
• In visual number one, poster Model 3, California gasoline prices estimate include regulatory cost.
• In visual number two, poster possible California gasoline price estimates, our regulatory environment
• For prices. Increases in gas prices.

Keywords: 987, senate, all

Transcript Highlights:

• The other negative effect of the minimum wage is increasing prices.
• They estimated that 5,800 was conducted.
• Vermont's on the consumer price index.
• </c> through different steps such as price through different steps such as price increases,<00:32:12.960
• So minimum wage goes up, like pricing?

Keywords: 1189, house, all

Transcript Highlights:

• So CARB is estimating that program valued at about $4 billion.
• about $2 billion per year, assuming a $30 price per allowance.
• So that reflected a price of around $33 to $35, depending on the calendar year because the floor price
• It would depress market prices for the auctions.
• prices.

Summary: The joint hearing focused on CARB’s proposed April amendments to California’s cap-and-invest regulations, adopted under AB 1207 and SB 840. Committee members repeatedly framed the issue as a balance between climate ambition, affordability, leakage prevention, and the Legislature’s budget priorities. Several senators argued the proposal would weaken the Greenhouse Gas Reduction Fund (GGRF), reduce funding for transit, affordable housing, drinking water, wildfire prevention, and other programs, and potentially undermine the Legislature’s intent in last year’s reauthorization. Others emphasized that the program’s core purpose is to reduce greenhouse gas emissions and that any changes should preserve the cap’s integrity and the state’s climate targets. CARB Chair Lauren Sanchez said the amendments were designed to implement legislative direction while responding to public comment and economic uncertainty. She described four main changes: increasing electric bill credits, expanding the manufacturing decarbonization incentive (MDI) to $4 billion, adding about $800 million in additional compliance support for industry, and removing post-2030 allowance allocations from the current rulemaking. CARB said the proposal would still maintain declining caps aligned with 2030 and 2045 targets, provide near-term affordability relief, and support businesses and jobs while reducing emissions. In response to questions, CARB said the MDI has guardrails, is limited to emissions-reducing projects, and would require reporting and repayment if projects do not materialize. The Legislative Analyst’s Office said the amendments are significant and could affect several legislative priorities. LAO highlighted that the MDI would add allowances above the cap, creating uncertainty about environmental ambition and 2030 compliance, while also shifting more allowances to industry and fewer to the GGRF. LAO said the proposal could significantly reduce GGRF revenues and noted that, if revenues fall to CARB’s estimated level, some tiered programs could go unfunded. The Department of Finance explained that GGRF revenue estimates are updated three times a year and are difficult to predict because they depend on auction outcomes and market conditions. Senators pressed both agencies on whether the proposal would raise consumer costs, whether industry savings would be passed through, and whether the Legislature should receive updated revenue estimates before voting on the budget.

Transcript Highlights:

• Between the August estimate and the December estimate.
• You'll see on the FY 26 estimated bar the consensus revenue.
• That is the worst-case scenario, a low oil price scenario.
• If demand drops, actually, prices will likely fall.
• [The general fund] virtually didn't change from the August estimate to the December estimate, but how

Transcript Highlights:

• </c> 160 million less than previous estimates 160 million less than previous estimates this<00:02:33.000
• </c><00:03:27.799><c> on</c> to the November forecast estimates on to the November forecast estimates
• </c> which is 59 million more than estimated which is 59 million more than estimated in<00:04:38.400>
• </c> 2025 and 26 in all the major price 2025 and 26 in all the major price indices<00:08:30.840><c> key
• </c><00:26:27.360><c> of</c> you can see in italics an estimate of you can see in italics an estimate

Keywords: 1187, senate, all

Transcript Highlights:

• The system inflates list prices, and because my out-of-pocket costs are tied to those inflating prices
• In 2023 alone, the median launch price of new drugs rose 35%, with nearly 2,000 drugs seeing price hikes
• One key driver of this inefficiency lies in how we price drugs.
• Treatments with clear benefit are reimbursed at higher prices.
• Marginal ones are priced lower or not covered.

Keywords: 995, all

Summary: The committee held a lengthy hearing on a large docket of pharmacy and drug-pricing bills, with most testimony focused on PBM reform, 340B drug discount program protections, specialty medication access, and medication adherence. Chair James Murphy and Senator Paul Feeney opened the hearing and took testimony from legislators, patient advocates, pharmacists, health center leaders, industry representatives, and policy groups. Several speakers described delays, denials, high out-of-pocket costs, and pharmacy closures tied to PBM practices, while others emphasized the importance of community health centers and independent pharmacies in serving patients. On the 340B program, supporters including Senator Eldridge, Senator Payano, Community Care Cooperative, Fenway Health, the Massachusetts League of Community Health Centers, and several community health center leaders argued that bills such as H. 1107 and S. 819 would stop discriminatory PBM and manufacturer practices, preserve contract pharmacy access, and protect safety-net providers that say they reinvest savings into care, pharmacy expansion, interpreter services, behavioral health, and other services. Opponents including PhRMA, the Community Liver Alliance, and a public policy analyst argued the program lacks transparency and accountability, has grown beyond its original purpose, and may benefit large hospitals and for-profit entities more than low-income patients. They urged more reporting and oversight rather than expanding protections. On PBM reform, testimony supported bills including H. 1157, H. 1234, S. 724, S. 831, and related measures that would require rebate pass-through, ban spread pricing, limit steering to PBM-owned pharmacies, and improve reimbursement for community pharmacies. Independent pharmacists and patients said current PBM practices raise costs, create administrative burdens, and threaten access to local pharmacies. PCMA, representing PBMs, opposed the reforms, arguing PBMs lower costs, that plan sponsors choose to contract with them, and that the Health Policy Commission and CHIA should complete their ongoing study before new mandates are adopted. The committee also heard support for H. 1322 and S. 734 on specialty medications, and for H. 781 and H. 1305 on medication synchronization to improve adherence. No votes or formal actions were taken during the hearing.

Transcript Highlights:

• They don't have data at this time to estimate that part.
• Substitute Senate Bill 5981 relates to the 340B drug pricing program.
• I do not yet have an estimate for the Environment Committee striker.
• I do not yet have an estimate for the Environment Committee striker.
• Last night, it was updated to the new estimate of 150.

Bills: SB5420, SB5877, SB5868, SB5109, SB5832, SB5922, SB5944, SB5988, SB6065, SB6103, SB6151

Keywords: veterans, military spouses, service members, uniformed services, National Guard, reservists, active duty, qualifying discharge, veterans preference, hiring preference, public employment, state benefits, license renewal, professional licensing, retirement service credit, pension, public retirement system, Washington RCW, military leave, reemployment rights

Transcript Highlights:

• We expect 12,390 people will die, and of that, an estimated 2,500 Massachusetts residents will die of
• We have paid a price. Local TV... You know, online, we have paid a price.
• Just in the city of Boston, there's an estimate of the city of Boston...
• Just for the city of Boston, there's an estimate that the city will be targeted by advertising.
• to 210 percent of the wholesale price.

Keywords: 995, all

Summary: The Joint Committee on Revenue held a long hybrid hearing on a wide range of tax bills, with testimony covering cigarette and tobacco taxes, nicotine pouches, contractor rental equipment exemptions, aircraft sales tax exemptions, rolling stock, advanced sales tax payments, a gun and ammunition excise tax, a digital services tax, and a psilocybin cultivation/tax proposal. Committee chairs outlined the hearing process and noted that 39 House-filed sales and excise tax bills were being heard for required reporting by November 28. No votes were taken during the hearing. On tobacco-related bills, supporters including Senator Keenan, the American Heart Association, the American Cancer Society, and Tobacco Free Mass backed higher cigarette taxes and closing the synthetic nicotine loophole, arguing the measures would reduce youth initiation, encourage cessation, and offset health care costs. Retailers, wholesalers, and convenience-store groups opposed the increases, warning of smuggling, out-of-state purchasing, and harm to small businesses; premium cigar representatives argued cigars should be treated separately from cigarettes. The committee also heard testimony on H. 3067 and related bills concerning nicotine pouches, with public health advocates supporting taxation and industry witnesses urging a lower, more competitive rate. Several other bills drew sharply divided testimony. United Rentals supported H. 3065 to simplify contractor rental equipment exemption paperwork, while airport and aviation groups opposed bills to repeal the aircraft sales tax exemption, saying it would hurt airport competitiveness and jobs. The Transportation Association of Massachusetts backed rolling stock tax exemptions, saying the current tax discourages fleet investment and interstate commerce. Restaurant industry representatives supported repealing advanced sales tax payments and changing penalty rules, saying businesses were hit with retroactive penalties after unclear pandemic-era changes. On H. 3082, an excise tax on guns and ammunition, gun violence prevention advocates, Roca, and Giffords supported the bill as a dedicated funding source for prevention and survivor services, while sportsmen’s groups opposed it as unfair to lawful gun owners and harmful to conservation funding. The committee also heard testimony on H. 3208, a digital advertising services tax, with Representative Paulino supporting it as a way to capture revenue from online advertising and fund public needs, while the Chamber of Progress opposed it as costly and burdensome for small businesses and campaigns. Finally, multiple witnesses testified on H. 4050 regarding psilocybin cultivation and taxation: advocates from Mass Healing, Roca, the Reason Foundation, and individuals describing personal medical benefits urged a regulated, permit-based system, while the hearing ended after all signed-up speakers were heard and the chair adjourned the meeting.