Video & Transcript Research : 'conservation plan'
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TX
Transcript Highlights:
- reforms the Austin Firefighter Retirement Fund based on the voluntary funding soundness restoration plan
- reforms the Austin Firefighter Retirement Fund based on the voluntary funding soundness restoration plan
- If we do not act now, we risk being forced into a mandatory funding soundness restoration plan later,
- and responsiveness to changing market conditions, which is exactly what a durable defined benefit plan
- industry is a crucial part of the Texas economy, particularly in rural areas where it supports land conservation
Bills:
HB135
Summary:
The Senate Finance Committee heard Senate Bill 2345, as a committee substitute, which would reform the Austin Firefighter Retirement Fund. Senator Schwertner explained that the bill is based on an agreed voluntary funding soundness restoration plan between the City of Austin and the fund, and would create a new reduced benefit tier for firefighters hired on or after January 1, 2026, adjust COLAs for current retirees, establish an actuarially determined funding model to address legacy liabilities and 2024 asset losses over 30 years, and add new board seats. Mayor Kirk Watson, city finance staff, the fund executive director, trustees, and retired firefighters all testified in support, describing the measure as an agreed-to, fiscally responsible compromise that protects benefits, supports recruitment, and reduces risk to taxpayers. The committee adopted the committee substitute, but left SB 2345 pending.
The committee also heard House Bill 135, which clarifies tax treatment for exotic game or exotic livestock operations by defining them within agricultural exemptions and stating that sales of exotic livestock are not subject to sales and use taxes. Senator Flores described it as a clarification to provide consistency and fairness, and a witness for the Exotic Wildlife Association said it would resolve a Comptroller-related tax issue and benefit ranchers, landowners, and hunters. The committee closed public testimony and reported HB 135 favorably to the full Senate, with a motion to place it on the local and uncontested calendar.
Senate Bill 771, by Senator Hinojosa, was also heard and later reported favorably. The bill would allow diesel fuel used in auxiliary power units or power takeoff units to qualify for the same fuel tax credit or refund already available for gasoline, correcting an inadvertent exclusion from the 2003 motor fuel tax rewrite. A witness supported the bill as a matter of tax equity. The committee then considered House Bill 1109, the House companion to SB 935, which exempts counties from certain motor fuel taxes on fuel used in county vehicles; Senator Hall explained it as simply exempting government agencies from paying the tax on their own vehicles. HB 1109 was reported favorably to the full Senate. The committee adjourned after completing its business.
NM
New Mexico 2026 Regular Session
House - Agriculture, Acequias And Water Resources Feb 12th, 2026 at 09:04 am
House Agriculture, Acequias And Water Resources
Transcript Highlights:
- strong record of timely completion of infrastructure projects by serving as the one-stop shop for planning
- By serving as the one-stop shop for planning, design, and construction.
- The first year will be planning and design. The second year will be construction.
- I'm a registered lobbyist for Conservation Voters New Mexico.
- Conservation Voters New Mexico recognizes the need for increased funding for acequias, particularly in
Bills:
SB193
Keywords:
SB193, acequia, community ditch, irrigation works construction fund, water infrastructure, ditch infrastructure, irrigation, New Mexico water law, agricultural water, farmers, Rio Grande, acequia association, forest land protection revolving fund, state fund transfer, irrigation projects, 996, all
HI
Transcript Highlights:
- national parks, public land conservation national parks, public land conservation resilience,<00
- So, aloha. there's a number of planned projects there's a number of planned projects that<00:17:51.840
- It's a great business plan, the best business plan in human history. They are making profit.
- So, they don't want a new plan.
- Do we have a plan?
Summary:
The Judiciary and Agriculture and Environment committees held an informational briefing on how recent federal policy changes, funding delays, cancellations, and layoffs are affecting Hawaii’s climate mitigation and adaptation efforts, and on the legality of some of those federal actions. Chair Carl Rhodes and Chair Mike Gabbard opened the meeting by framing it as part of an interim series on the rule of law and Hawaii’s response to federal actions. They noted there would be no public testimony, only invited presenters, and that questions would be held until the end. No votes or formal committee actions were taken.
State climate change coordinator Leah Laramie described broad impacts from federal actions, including grant cancellations, litigation over terminated funding, staff cuts at NOAA and EPA, and the effect of the federal tax and spending law she said would raise energy costs, reduce grid reliability, and threaten renewable energy and transportation projects. She highlighted the loss or expiration of incentives for EVs and other clean-energy technologies, the termination of the Solar for All program and other rescissions, and the risk to major Hawaii projects such as Carbon Smart Commodities and other energy and land conservation programs. She also said the state’s attorneys general had taken numerous climate-related legal actions, including suits challenging federal cuts and the oil companies’ role in the climate crisis.
Retired Justice Michael Wilson focused on the rule of law and climate justice, arguing that Hawaii is on the front line of climate change and that fossil fuel companies pose the greatest long-term threat. He said the state lacks a comprehensive climate protection plan despite the urgency of the crisis, cited UN and scientific warnings about a limited time horizon and severe warming, and pointed to projected local harms such as sea-level rise, beach loss, infrastructure damage, and major economic losses in Waikiki. His remarks emphasized the need for stronger planning and legal accountability, especially in light of federal rollbacks and the influence of fossil fuel interests.
LA
Transcript Highlights:
- And so they asked us to put together a plan.
- And so we did, and there's a two-, three-, and five-year plan.
- We're actually planning on sending our son to public school next year.
- We're actually planning on sending our son to public school next year.
- As a fiscal conservative, I am sympathetic to that argument.
NM
New Mexico 2025 Regular Session
Other - PSCOC Aug 27th, 2025
Public School Capital Outlay Oversight Task Force
Transcript Highlights:
- In other words, they did not plan under the old calculator yet.
- I'm very conservative with facilities.
- Plan for how many positions do you need in year one, three, and five?
- It's taking a little longer than we had originally planned.
- This time, late August or September, we'll see another uptick in PM plans, PM plan currency, but most
TX
Transcript Highlights:
- So this is a timely bill, so external audit of Medicaid managed plans may reveal much... higher levels
- peer support for and by people with I.D. resulted in documented improvements in person-centered planning
- is an evidence-based practice recognized by CMS and is already included in over 39 state Medicaid plans
- Because I know I have their support, at at least the age of 23, I plan to obtain my bachelor's degree
- However, when these conservative measures prove ineffective, treatment with cranial remolding orthosis
Bills:
HB2646, HB3941, HB5153, HB5155, HB5394, HB 1106, HB426, HB4529, HB3984, HB4273, HB 1097, HB3940, HB1941, HB4377, HB3153
Keywords:
child care, task force, high-quality care, affordability, prekindergarten partnerships, foster care, transitional living, Medicaid reform, youth assistance, independent living, services for youth, employment training, educational support, mental health services, health care, public health, child health program, reimbursement, local health entities, maternal health
WY
Transcript Highlights:
- your plans were on that. Thank you. your plans were on that. Thank you.
- things are moving forward as planned. things are moving forward as planned.
- planning on coming down if needed. planning on coming down if needed.
- That was the general plan.
- <02:34:28.800>
It's the plan. But there is no funding. It's the plan.
AR
Transcript Highlights:
- So how exactly do you plan on funding this bill for the long term?
- So how would you plan to fund this in the long term?
- So what do you plan to do to perfect that issue?
- What's the plan? Wait. Wait, if... You're recognized. What's the plan?
- So I just don't see any plan to accommodate all of these lost jobs.
Summary:
The Arkansas Boys State House convened with a quorum, heard opening remarks from legislative leaders and guests, and then considered a series of bills focused on rural services, education, taxes, and zoning. House Bill 1001 would have increased rural health care funding through a 10% tax on individuals earning at least $300,000; supporters argued it would improve access and quality in rural areas, while opponents raised concerns about fairness, long-term funding, and whether it would drive away doctors and taxpayers. The bill failed by a vote of 24 yeas, 51 nays, and 1 present. House Bill 1002 would have limited the number of subjects rural teachers could be assigned and offered sign-on bonuses to recruit more teachers; supporters said it would reduce burnout and improve specialization, while opponents questioned funding and whether it would worsen inequities. After immediate consideration, it passed narrowly, 38 yeas, 36 nays, and 2 present.
The House then debated House Bill 1003, which would regulate AI data centers through county zoning authority and a 10% tax on corporations to fund conservation efforts. Supporters said counties should be able to decide whether data centers fit local needs, while opponents warned about lost jobs, higher costs, and federal-state jurisdiction issues. The bill passed 62 yeas, 7 nays, and 3 present. House Bill 1004 would have reduced motor vehicle registration fees to offset high fuel costs, but critics argued it would reduce highway and road funding and strain the state budget; it failed 20 yeas, 46 nays, and 4 present.
The chamber then took up Senate bills. Senate Bill 1 proposed incentives tied to SNAP benefits to encourage healthier food purchases and address food insecurity and obesity; supporters framed it as a way to improve access to healthy food, while opponents objected to taxing junk food and burdening SNAP users. It passed 43 yeas and 27 nays. Senate Bill 2 would require reading tests in middle school and state tutoring for students who fail; supporters said it would address literacy problems early, while opponents wanted clearer provisions for older students and implementation. It passed 67 yeas, 6 nays, and 1 present. Senate Bill 3 would cut individual and corporate income taxes to promote economic growth and ease cost-of-living pressures; supporters cited prior tax cuts and business attraction, while opponents said the benefits would mostly go to wealthy corporations and CEOs. It passed 53 yeas, 15 nays, and 16 present. Senate Bill 4 created a mixed-use zoning grant program funded by a 1% hotel tourism tax to encourage affordable housing and downtown redevelopment; it passed 51 yeas, 7 nays, and 13 present. The session ended with a motion to adjourn, which carried.
AL
Alabama 2025 Regular Session
Alabama Joint Contract Review Legislative Oversight Committee Mar 6th, 2025
Transcript Highlights:
- At the bottom of page two is Conservation.
- Juliana Dean for the Department of Conservation. We have one...
- The purpose of this contract is to carry out a needs assessment and also update our strategic planning
- Also, it will update our strategic plan, including leadership development and some coaching support.
- Leadership development has been a big piece along with our strategic plan. Any questions?
TX
Transcript Highlights:
- This bill simply redefines the boundaries of the existing Driftwood Conservation District to reflect
- In the fifth Texas Legislature, this created the Driftwood Conservation District.
- HB5696 creates the Reserve Municipal Management District, a 200-acre master plan mixed-use development
- this bill would merge two districts into a single body, the Starr County drainage and groundwater conservation
Bills:
HB103
CA
California 2025-2026 Regular Session
Assembly Appropriations Committee May 14th, 2025
Transcript Highlights:
- After the locals determine their GSP, groundwater sustainability plan, that plan is then reviewed at
- Michael Jared with The Nature Conservancy.
- In fact, conservative analyses find that at least there's a five-to-one return.
- Moving unnecessary delays to help families move forward with housing plans.
- You planned it. You guys are twins. You planned it.
Summary:
The Assembly Appropriations Committee met on May 14, 2025, for a regular order hearing with a large consent calendar and many individual bill presentations. The committee first approved numerous bills on consent, then heard a series of measures spanning reproductive health, child care eligibility, transportation, mental health diversion, county recorder fees, groundwater management, election deadlines, parking enforcement, consumer protections, housing, immigrant and student protections, and utility/CPUC oversight. Several bills were taken up only for presentation because they were on suspense, including ACA 4 on long-term housing funding, and the committee later approved a very large suspense calendar as a whole.
Among the bills discussed, AB 260 would protect medication abortion access and providers; AB 904 would clarify child care subsidy eligibility during family leave or job search; AB 1014 would give Caltrans more flexibility on speed limits in rural highway segments; AB 46 would clarify judicial discretion in mental health diversion; AB 1413 and AB 929 addressed groundwater adjudication and SGMA-related protections for small community water systems and wetlands; AB 930 would count vote-by-mail ballots postmarked by Election Day and received within seven days; AB 1022 would end towing solely for unpaid parking tickets; AB 290 and AB 302 dealt with automatic payments for the California Fair Plan and medical data protections; AB 1303 would remove the need for a Social Security number for California Lifeline eligibility; and several housing bills, including AB 920, AB 956, AB 1470, AB 893, and AB 1021, sought to streamline approvals or expand housing options. AB 1318 and AB 49 focused on immigrant-serving nonprofits and keeping immigration enforcement out of schools, while AB 1532 extended telecommunications and transportation access programs and added CPUC accountability measures.
Testimony was generally supportive for the bills heard, with authors and sponsors emphasizing low or absorbable fiscal impacts, consumer protection, housing production, public safety, and protections for vulnerable communities. Opposition appeared on a few measures, including concerns about ADUs, towing authority, charter school-related issues, and the scale of proposed housing funding in ACA 4. Several members also commented in support of the housing and immigrant-protection measures, and some bills were voted out with recorded no votes or not-voting members noted. After the suspense calendar was deemed approved, the committee opened public comment on bills not presented that day, heard a long list of supporters and opponents on various measures, and then adjourned.
TX
Transcript Highlights:
- In my experience, I've never been assigned a conservative, moderate, or even classical liberal perspective
- The university scrutinized our constitution simply because we... ...used the word conservative.
- On numerous occasions, conservative-leaning students and faculty alike have shared examples with me about
- At the University of North Texas and the University of Texas, they both have a liberal to conservative
- I had no plans to pursue law going into college, and I wanted to get a job in data analytics based on
Bills:
SB 37
CA
California 2025-2026 Regular Session
Joint Hearing Senate Emergency Management Committee and Natural Resources and Water Committee May 13th, 2026
Transcript Highlights:
- Now, incentives that you will likely see in that action plan range from emphasizing regional planning
- So to me, that's, you know, I hear some great plans, but plans aren't what's going to reduce the risk
- But the problem is also the Fair Plan.
- And I think the Fair Plan would have...
- Michael Jerry with the Nature Conservancy.
OK
Oklahoma 2026 Regular Session
Senate Legislative Session Apr 29th, 2026 at 01:30 pm
Oklahoma Senate Floor Meeting
Transcript Highlights:
- House Bill 3321 directs the Cost Administration Implementation Committee to develop and implement a plan
- It's just asking the Cost Administration Implementation Committee to develop and implement a plan for
- that might be low-producing require an annual review and allow institutions to submit improvement plans
- And maybe there are some plans that have fewer students. But again, I think if... You go to page 3.
- But I'm just wondering if that wouldn't be something that they could plan for.
Bills:
HB2268, HB3000, HB3043, HB3066, HB3078, HB3143, HB3144, HB3244, HB3298, HB3320, HB3467, HB3321, HB3329, HB3431, HB3464, HB3499, HB3500, HB3586, HB3590, HB3650, HB3671, HB3695, HB3700, HB3701, HB3764, HB3767, HB3834, HB3931, HB3934, HB3940, HB3944, HB3979, HB3985, HB4113, HB4294, HB4302, HB4317, HB4324, HB4359, HB4426, HB4427, HB4430, HB4431, HB4434, HJR1077, SR42, SR35, HJR1023, HB1225, HB1374, HB1381, HB1590, HB1675, HB2153
Keywords:
HB2268, Oklahoma Health Care Authority, OHCA, appropriation, General Revenue Fund, PACE, Programs of All-Inclusive Care for the Elderly, elderly care, aging Oklahomans, long-term care, Medicaid, health care funding, provider reimbursement, rate increase, low-income seniors, senior services, integrated care, emergency measure, cosmetology, barbering
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Monday, February 9, 2026)
US Federal House Floor Meeting
Transcript Highlights:
- Congratulations to Doug for his dedication to conservation, to the Nature Conservancy, and to forest
- <00:21:58.960>
to <00:21:59.120>the dedication to conservation, to the dedication to conservation - :22:00.799>
forest nature conservancy, and to forest nature conservancy, and to forest management - I may conserve. I may conserve. >> Gentleoman's<04:00:41.840>
recognized. - left's obsession with central planning left's obsession with central planning and<08:38:58.080><
TX
Transcript Highlights:
- Representative, wouldn't this put conservative Republican candidates at a distinct disadvantage on a
- Conservative Republican candidates at a distinct disadvantage?
- But this is a huge shift in how we do elections, and it needs to be really planned out.
- Can you talk about why a conservative state would have chosen to do this and what their argument was,
- Can you talk about why someone from across the aisle, for me, a conservative in a conservative state,
Keywords:
voter registration, electronic, Texas election law, Signature verification, DPS, internet application, Texas Election Code, signature verification, online application, data security, electronic application, Department of Public Safety, information security, electronic voter registration, voting technology, voter access, state election laws, digital signature, election irregularities, audit
Summary:
The House Committee on Elections met with a quorum present and heard several election-related bills, with public testimony limited to two minutes per witness. The first measure, SB 447, would allow the City of Mission to move its municipal elections from May to November on a one-time, permanent basis. Supporters, including Mission’s mayor, said voters had already approved the change by a wide margin and argued it would improve turnout and reduce costs. The bill was left pending after no objection.
The committee then heard SB 2217, which was described as a transparency measure to standardize election data reporting and reconciliation across counties. Testimony focused on a technical issue involving discrepancy thresholds for electronic voting system reconciliation, with one witness urging the bill be aligned with existing law’s “more than 3” standard rather than a 1% threshold, and another suggesting a definition fix. The bill was left pending.
Members also heard SB 2753, a major proposal to create a continuous in-person voting period by combining early voting and election day into one uninterrupted period, with a committee substitute making it a pilot and permissive. Supporters said it could simplify administration and improve security, while opponents warned it would increase costs, require more staffing and equipment, delay results, and create logistical problems for counties. The committee substitute was withdrawn and the bill was left pending. Finally, SB 505 would let certain election stakeholders request explanations of irregularities from election officials and, if unresolved, escalate the matter to the Secretary of State for audit or possible conservatorship. Supporters framed it as a tool for accountability and transparency, while opponents called it overly broad and vulnerable to abuse. The bill was left pending.
The committee also took up HB 311, which would expand online voter registration to first-time registrants and direct state agencies to develop a pathway for Texans without a driver’s license to register online. Supporters argued it would modernize the process, reduce errors, and save money, while opponents said first-time applicants still need a wet signature and raised concerns about signature verification and implementation. Due to the late hour and floor deadline, testimony was cut off, the names of remaining witnesses were read into the record, and the bill was left pending before the committee adjourned.
NH
New Hampshire 2026 Regular Session
House Commerce and Consumer Affairs (02/04/2026)
Commerce and Consumer Affairs
Transcript Highlights:
- planning and other challenges. planning and other challenges.
- data to ensure that all of um the plans data to ensure that all of um the plans have<01:16:19.040
- plan is even available to sell. plan is even available to sell.
- reinsurance broker, and the Conservation reinsurance broker, and the Conservation Law<01:41:00.400
- single twoerson family medical plan single twoerson family medical plan that's<05:08:12.240>
HI
Hawaii 2025 Regular Session
EEP/AEN Joint Info Briefing - Tue Jan 7, 2025 @ 9:00 AM HST
Hawaii House Floor Meeting
Transcript Highlights:
- It also said that a landfill can't be in a Conservation District either. residences schools residences
- can't be in a Conservation can't be in a Conservation District<00:09:09.160>
um <00:09:09.880 - and Recovery Act or recra conservation and Recovery Act or recra from from from 1974<00:17:28.480>
- So again, going forward, you guys got to come up with a better plan.
- We did our most recent Integrated Solid Waste Management Plan in 2019.
Summary:
The informational briefing focused on the City and County of Honolulu’s effort to site a replacement landfill for Oahu before the Waimanalo Gulch landfill closes in 2028. Chair Nicole Lowen and other legislators opened the meeting by framing the issue as important statewide and encouraging recycling, composting, and proper use of the curbside bins. The city’s Department of Environmental Services, led by Director Roger Babcock and Deputy Director Mike O’Keefe, then presented the background and siting process.
ENV explained the legal and technical constraints that shaped the search, including the 2019 Land Use Commission decision requiring closure of Waimanalo Gulch by March 2, 2028, and the 2020 Act 73 restrictions on landfill siting near residences, schools, hospitals, conservation districts, airports, and tsunami inundation areas. They said a landfill advisory committee reviewed six candidate sites in 2021-2022 and rejected them because they fell within the Board of Water Supply’s no-pass zone. After further evaluation and an extension of the naming deadline, the city selected a site in central Oahu near Wahiawa, on agricultural land currently used as a Dole pineapple field.
City officials said the selected site was chosen as the best of the evaluated options and, in their view, could be permitted under state and federal law. They described planned environmental protections, including a modern sanitary landfill design with double liners, leachate collection systems, monitoring wells, and post-closure monitoring, and said the existing Waimanalo Gulch landfill has operated for 35 years without leachate leaks. They also emphasized that the site would still require a special use permit, Department of Health approvals, an environmental impact statement, and other public permitting processes, and that public engagement would continue over the next several years.
NY
New York 2025-2026 Regular Session
New York State Senate Session - 05/13/2026
New York Senate Floor Meeting
Transcript Highlights:
- EMPIRE AT THE TIME OBSERVED IN 1915 THAT THE ACTIONS BY THE OTTOMAN TURKS CONSTITUTED A CAREFULLY PLANNED
- will read. >> Calendar 51, Senate Print 252, Senator Martinez, an act to amend the Environmental Conservation
- Calendar 953, Senate Print 10041, Senator Scarcella-Spanton, an act to amend the Environmental Conservation
- Calendar 957, Senate Print 10045, Senator Fernandez, an act to amend the Environmental Conservation Law
- Calendar 958, Senate Print 10046, Senator Bynoe, an act to amend the Environmental Conservation Law.
Summary:
The Senate opened with routine business, approved the prior journal, and received several motions to discharge identical Assembly bills from committee and substitute corresponding Senate bills. Members also offered brief recognitions for visitors, including Yemeni American community advocates and Cheri Davis, who was honored for her Alzheimer’s advocacy and support work. The chamber then took up several previously adopted resolutions, including Armenian Genocide Remembrance Day, Period Poverty Awareness Week, and Nurses Week, with senators speaking in support of each measure’s purpose and importance.
The body then moved through a long calendar of bills, passing a wide range of measures on education, public health, correction law, environmental conservation, municipal law, agriculture, and consumer protection. Notable floor discussion included Senator Ramos explaining her support for a bill requiring salons and similar businesses to display multilingual domestic violence resource information, and Senator Gianaris and Senator Borrello debating a bill to prohibit electronic shelf labeling in stores over concerns about surveillance, dynamic pricing, and impacts on brick-and-mortar retailers. Senator May and Senator Skoufis also spoke on an environmental conservation bill concerning American eel management, with May supporting the species protections and Skoufis objecting to the bill’s structure.
Most bills were adopted by wide margins, though several drew recorded negative votes. The Senate passed the domestic violence information bill, the electronic shelf-labeling bill, and multiple other measures, including bills on eviction notice procedures, surrogate court procedure, and environmental conservation. After completing the calendar, the Senate reported no further business and adjourned until the next day at 11:00 a.m.
LA
Louisiana 2026 Regular Session
Revenue Estimating Conference May 8th, 2026
Transcript Highlights:
- forecasts presented, often by the two of you, we’ve heard both economists talk about presenting a conservative—being
- conservative in certain places—and, on net, bringing a ultimately conservative forecast to the table
- I think you both confirmed that both of these look fairly conservative in your own opinion.
- And us planning the FY27 budget, it is, you know, as standstill as we can get it at the time that we
- Again, overall, I think it's a very conservative, very prudent long-range forecast.
Summary:
The Revenue Estimating Conference met with four members present and first approved the prior meeting minutes and recognized the FYI end-of-balance of $577,077,871 as nonrecurring revenue. The main business was revising the state revenue forecast for FY 2026, FY 2027, and the long-range outlook. The Division of Administration recommended a $113 million reduction to the FY 2026 State General Fund forecast and a $104 million reduction for FY 2027, citing weaker-than-expected individual income tax collections, softer corporate income tax receipts, and some weakness in general sales tax, partly offset by stronger motor vehicle sales tax and higher mineral-related revenues tied to oil prices. The Legislative Fiscal Office presented a somewhat different but broadly similar forecast, with modest net increases to the general fund bottom line in the current year and next year, emphasizing caution on income and corporate taxes and more optimism on sales, severance, royalties, and some other revenue streams.
A substantial portion of the discussion focused on the causes of the income tax shortfall, especially withholding and refund patterns after tax changes that lowered rates. Department of Revenue officials explained that withholding tables had been set with a cushion that may be producing larger refunds, and said changing the tables could quickly reduce overwithholding, though the effect would take time to show up. Members also discussed corporate collections, the lingering effects of the franchise tax repeal, the role of settlements and audits, and the extent to which collections are voluntary versus enforcement-driven. The Department of Revenue said corporate collections still had key filing and estimated-payment milestones ahead in May and June, and that refund and audit activity related to the former franchise tax would continue for some time.
The conference then adopted the Division of Administration’s FY 2026 forecast, the FY 2027 recurring forecast, and the long-range forecast, along with the proposed inflation rates for the Millennium Trust and parish severance allocation. Members also adopted the incentive expenditure forecast, noting that the reported amount is only the REC-reported portion and that larger tax exemption amounts come off the top before appropriations. The Treasurer reported a General Fund cash balance of about $404.1 million as of May 5, 2026, and an interfund borrowing base of about $9.18 billion, saying cash levels were similar on average to the prior year. The meeting ended with a note that another REC meeting might be needed depending on the May 16 election, and the conference adjourned without objection.