Video & Transcript Research : 'distributable amount'

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ND

North Dakota 2026 1st Special Session

Tribal and State Relations Committee May 13th, 2026 at 01:00 pm

Tribal and State Relations Committee

Transcript Highlights:
  • Appropriations committees have now tracked the amount of money that's coming in from that gaming, and
  • Appropriations committees have now tracked the amount of money that's coming in from that gaming, and
  • I don't have the exact amount of acreage that would be exempt from taxation.
  • sure how to, amounts.
  • So I'm going to distribute that and we can certainly get updated information from them.
Keywords: 908, all
MN

Minnesota 2025-2026 Regular Session

Committee on Finance - Part 1 - 04/20/26

Finance

Transcript Highlights:
  • And, Senator Pratt, we will have it distributed.
  • Senator Pratt, we will have it Senator Pratt, we will have it distributed<00:12:00.600> the distributed
  • the distributed the the the the the<00:12:02.600> bill<00:12:02.920> is<00:12:03.120><
  • that every forecast sets the amount that every forecast needs<00:42:54.880> to<00:42:55.000><
  • This<00:43:06.160> amount<00:43:06.520> that<00:43:06.640> you<00:43:06.760>
Keywords: 1187, senate, all
MN

Minnesota 2025-2026 Regular Session

House Floor Session - part 2 May 12th, 2025

Minnesota House Floor Meeting

Transcript Highlights:
  • I do have a handout I hope is being distributed at the moment. I guess it is.
  • The material being distributed to you is from the Minnesota County Attorneys Association.
  • So the impact of that is going to be a decreased amount of produce, a decreased amount of milk, and a
  • decreased amount of protein.
  • With the most amount of backerisms, we got to know each other extremely well.
AL

Alabama 2025 Regular Session

Alabama House Feb 18th, 2025 at 01:00 pm

Alabama House Floor Meeting

Transcript Highlights:
  • have a true measure on the dollar amount have a true measure on the dollar amount but when he have a
  • that would be affected by dollar amount that would be affected by dollar amount that would be affected
  • from being set on an annual basis amount from being set on an annual basis amount from being set on
  • under act uh it would be an amount under act uh it would be an amount under 47,000 currently and this
  • distribution distribution process um and it cleans up some process um and it cleans up some process
Keywords: sessions, 2025-R, 1, 219
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Public Service Jun 21st, 2026 at 11:00 am

Joint Committee on Public Service

Transcript Highlights:
  • They will encounter and do encounter situations involving weapons, intent to distribute all kinds of
  • things that should not be distributed, and using their observation skills, they might notice that weapon
  • Over the past eight weeks, a significant amount of time, energy, and thoughtful discussions have gone
  • Over the past eight weeks, a significant amount of time, energy, and thoughtful discussions have gone
Keywords: 995, all
Summary: The Joint Committee on Public Service held its 21st hearing and took up late-filed bills, with testimony focused mainly on firefighter and police personnel matters. The committee heard strong support for H.5429/H.6138, Governor Healey’s bill to provide injured-on-duty compensation and full pay and benefits to Chelmsford firefighter Nicholas Spinelli after he was seriously injured while instructing at the Massachusetts Firefighting Academy. Testimony from Rep. Simon Cataldo, Rep. Rodney Elliott, PFFM leaders, Chelmsford Fire Chief Gary Ryan, and others emphasized that Spinelli was performing public service training work, that the incident exposed gaps in coverage for firefighters serving in academy roles, and that the bill should be a prompt, statewide fix. Several speakers also urged future legislation to address broader policy gaps for DFS support-branch and part-time personnel. The committee also heard testimony on a Topsfield home rule petition, H.54435, to allow Police Chief Neil Hovey to continue serving until age 68 or retirement. Rep. Kristen Kasner and local officials praised Hovey’s leadership, training, regional coordination, and management of public safety at the Topsfield Fair, and asked for favorable passage. In addition, Sen. Ryan Fattman and Rep. Joe McKenna testified for S.3051, a bill to provide certain retirement benefits to the surviving spouse of fallen Uxbridge Police Officer Stephen LaPorta, describing his death while assisting a stranded motorist in a snowstorm and the town’s support for honoring his family. PFFM and other police/fire union representatives generally supported the firefighter and LaPorta bills, while PFFM also stated opposition to H.5389, a separate bill authorizing continued employment of the Upton police chief. After testimony concluded, the committee adjourned without taking a recorded vote during the hearing.
MN

Minnesota 2025-2026 Regular Session

Agriculture Committee Meeting - 2025-04-09

Agriculture Finance and Policy

Transcript Highlights:
  • on the federal level, I appreciate that it really touches everybody's district as we see food distribution
  • I have not been able to find land with that award amount, and I personally have struggled to find land
  • Last year was the busiest in our history, with our distribution up nearly 20% overall.
  • That's a tremendous amount.
Bills: HF2446
CA

California 2025-2026 Regular Session

Assembly Environmental Safety and Toxic Materials Committee Mar 25th, 2025

Environmental Safety and Toxic Materials

Transcript Highlights:
  • These rules were distributed to each member of the committee for their review prior to this hearing.
  • The amount you learned in this committee is amazing. That most of the soaps I use are detergents.
  • Well so okay so you're prohibiting the antibacterial soap from all manufacturing sale and distribution
  • I mean, it was really shameful the amount that they review.
Keywords: 988, house, all
MN

Minnesota 2025-2026 Regular Session

Committee on Taxes - 01/15/25

Taxes

Transcript Highlights:
  • Each of them individually has a dollar amount.
  • Each of them individually has a dollar amount.
  • Each of them individually has a dollar amount.
  • Thank you again, Madam Chair. dollar amount have those types of dollar amount have those types of categories
  • change to 50% which was the amount change to 50% which was the amount before<01:32:11.000> the
Keywords: 1187, senate, all
TX

Texas 89th Regular

Senate Session May 29th, 2025

Texas Senate Floor Meeting

Transcript Highlights:
  • million, or $484 from each year for as long as they own the home, which could be up to 30 years, amounting
  • That amendment had been distributed several days ago to all the offices. Mr.
  • Members, this is the floor amendment information that was distributed several days ago when this bill
  • all, the members of the House clarified the de novo appeal process when a prosecutor appeals the amount
  • This added flexibility simplifies fuel distribution, reduces burdens, and helps lower costs for Texas
Bills: SJR5, SJR27, SB4, SB6, SB7, SB9, SB13, SB15, SB23, SB27, SB30, SB40, SB57, SB66, SB140, SB268, SB293, SB331, SB413, SB437, SB447, SB457, SB467, SB506, SB510, SB512, SB568, SB571, SB650, SB710, SB763, SB785, SB800, SB850, SB863, SB865, SB904, SB905, SB973, SB974, SB1191, SB1281, SB1300, SB1362, SB1494, SB1504, SB1522, SB1540, SB1567, SB1579, SB1580, SB1610, SB1660, SB1723, SB1760, SB1838, SB1923, SB1946, SB1957, SB1964, SB2018, SB2024, SB2121, SB2167, SB2217, SB2221, SB2321, SB2337, SB2368, SB2373, SB2407, SB2431, SB2477, SB2587, SB2615, SB2753, SB2807, SB2900, SB2965, SB2972, SB2986, SB3039, SB3047, SB3059, SB3070, SB1, SB8, SB12, SB13, SB15, SB17, SB21, SB30, SB37, SB260, SB268, SB331, SB379, SB441, SB447, SB457, SB509, SB650, SB763, SB1198, SB1405, SB1506, SB1566, SB1610, SB1637, SB1660, SB1833, SB2018, SB2024, SB2155, SB2217, SB2308, SB2337, SB2601, SB2753, SB2778, SB2878, SB2900, SB3059, HB4, HB145, HB300, HB493, HB2011, HB2067, HB2516, HB2525, HB2885, HB2974, HB3071, HB3372, HB3595, HB5138, HB5246, HB796, HB1523, HB5294, HB748, HB3395, HB180, HB3171, HB4690, HB146, HB5596, HB5694, HB1135, HB3225, HB186, HB1449, HB3793, HB112, HB104, HB4233, HB1094, HB3336, HB3520, HB3320, HB5663, HB2731, HB2399, HB111, HB3483, HB4580, HB3748, HB632, HB4730, HB127, HB5690, HB5689, HB3385, HB4359, HB5381, HB20, HB123, HB549, HB5606, HB2594, HB1057, HB3664, HCR141, HCR40, HCR59, SJR36, SJR50, SJR63, SCR12, SCR39, SB2023, SB62, SB666, SB847, SB284, SB854, SB810, SB1505, SB583, SB507, SB1434, SB1772, SB2016, SB1122, SB731, SB397, SB508, SB1436, SB287, SB1882, SB393, SB1791, SB209, SB2429, SB1085, SB1975, SB2717, SB1262, SB636, SB2056, SB884, SB1200, SB1845, SB2458, SB801, SB3014, SB3013, SB758, SB2797, SB2076, SB2876, SB1640, SB1449, SB1181, SB1234, SB2926, SB2841, SB1528, SB1854, SB317, SB1250, SB2082, SB1237, SB2819, SB629, SB2608, SB1602, SB2009, SB867, SB640, SB1698, SB2680, SB913, SB1071, SB1086, SB1087, SB1483, SB1444, SB1553, SB1556, SB1703, SB2133, SB2297, SB2298, SB2622, SB2955, SB2334, SB1367, SB2044, SB2363, SB2565, SB1888, SB3036, SB3057, SB3043, SB3063, SB3035, SB203, SB2688, SB2522, SB2459, SB2655, SB2251, SB1884, SB2928, SB2566, SB2549, SB2553, SB2919, SB1944, SB1232, SB1798, SB2603, SB2607, SB2683, SB1319, SB3045, SB3071, HB20, HB127, HB549, HB1094, HB2594, HB2731, HB4233, HB4690, SR625, HCR167, SJR5, SB4, SB6, SB9, SB23, SB40, SB13, SB15, SB30, SB268, SB331, SB447, SB457, SB568, SB650, SB763, SB1540, SB1610, SB1660, SB2018, SB2024, SB2217, SB2337, SB2753, SB2900, SB2972, SB3059, HB4, HB145, HB493, HB2067, HB2516, HB2885, HB2974, HB3071, HB3372, HB3556, HB3595, HB5138
FL

Florida 2026 5th Special Session

Transportation Dec 9th, 2025

Transcript Highlights:
  • With convenient access to the I-4 corridor and its major distribution centers, with over 550 million
  • But we do need to keep a certain amount of cash on hand always for our bond. ...rainy day, hopefully
  • But we do need to keep a certain amount of cash on hand always for our bond coverage as well.
  • balance as far as cruise and cargo, cruise is very small compared to our cargo operations and the amount
  • So we have spent a significant amount of land and investments in our cruise terminals.
Summary: The Transportation Committee heard SB 356 by Senator Wright, which would create an opt-in framework allowing counties and municipalities to designate certain roads for utility-terrain vehicles (UTVs) under local conditions, including driver licensing, insurance, and speed-limit restrictions below 55 mph. Senator Wright said the bill would give law enforcement clearer authority and mirror the local-option approach used for golf carts. Supporters included a retired Volusia County sheriff and county commissioner, who argued UTVs are safer than golf carts and are already being used on roads, while opponents from the Recreational Off-Highway Vehicle Association and Honda warned that UTVs are designed for off-road use, lack federal safety standards, and pose crash and tire-blowout risks on public roads. Several senators raised safety concerns, especially about speed and crash severity, but the committee ultimately voted to report SB 356 favorably. The committee then held a lengthy discussion on seaport infrastructure and funding, beginning with a moment of silence for JaxPort COO and former FDOT employee James Bennett. FDOT presented data showing Florida’s 16 deepwater seaports generate major cargo volume, jobs, and economic impact, and described state funding programs such as FSTED, SPI, and the construction aggregate grant program. Port representatives from Port Everglades, PortMiami, Port Tampa Bay, and the Port of Palm Beach described record cargo and cruise activity, major capital projects, and the need for continued state and federal support for dredging, bulkheads, cranes, rail, and terminal expansion. Senators asked about ROI, trade shifts, intermodal connections, fuel and LNG availability, leverage and reserves, and operational risks such as flooding, sea level rise, and channel depth; port officials emphasized resiliency, private partnerships, and long-term master planning. The committee also confirmed appointees to the Tampa Hillsborough County Expressway Authority and the Tampa Port Authority in one vote, with no objection. Finally, FDOT presented the statewide mapping programs work group report required by SB 1662, explaining that coordinated statewide use of LiDAR and aerial imagery could reduce duplication, improve emergency management and planning, and support insurance and storm-damage assessment. FDOT recommended a formal statewide coordination program, shared procurement and cost-sharing agreements, dedicated staffing, and statutory updates to Chapter 334 to support interagency agreements and recurring funding.
NM

New Mexico 2025 Regular Session

IC - New Mexico Finance Authority Oversight Nov 3rd, 2025

New Mexico Finance Authority Oversight Committee

Transcript Highlights:
  • program people to develop applications that are user-friendly and provide for efficiency, the greatest amount
  • We've provided, over the last five years, a significant amount of new technology investment, both for
  • In the last two years, it has cost us less each time, even with greater amounts of coverage being provided
  • this, but the way NMFA reports publicly on project selection, criteria, scoring, and geographic distribution
  • And that is one of the other reasons that we reduced the project grant amounts from 4 million down to
HI

Hawaii 2025 Regular Session

EIG-AEN, EIG-HOU, EIG Public Hearings 03-11-2025

Energy and Intergovernmental Affairs

Transcript Highlights:
  • He said there has been a fair amount of discussion in the history of this measure regarding the cost
  • additional comments there's been<00:14:24.040> a<00:14:24.160> fair<00:14:24.320> amount
  • of<00:14:24.680> discussion<00:14:25.480> uh<00:14:25.560> in been a fair amount
  • of discussion uh in been a fair amount of discussion uh in the<00:14:25.759> history<00:14:26.000
  • Office an important member of this particular task force because there are several utility-scale and distributed
Keywords: 912, senate, all
Summary: The joint committees heard testimony on several energy- and environment-related measures. HB 242 HD1 on electric vehicle batteries drew support from the Department of Health, the Hawaiʻi State Energy Office, SERFCO, and the Alliance for Automotive Innovation; the Energy Office suggested a broader working group covering all lithium-ion batteries, and members later adopted amendments including a date change and revised timing language. HB 751 HD2 on statewide organic waste reduction and diversion received mixed testimony, with the Department of Health opposing it over concerns about compostable food packaging and incomplete testing data; the committee nonetheless moved the bill forward with amendments removing compostable food packaging from the definition of organic waste and changing the effective date to July 1, 2050. The committees also considered HB 1020 HD1 on a statewide program to characterize carbon sequestration potential and underground water resources. The Hawaiʻi State Energy Office and Ulupono supported the measure as part of a broader geothermal and energy security effort, while members raised concerns about overlapping roles between agencies and the need for a single coordinated voice. The committee ultimately amended the bill to place DBEDT in charge, with technical changes, and passed it. In a separate portion of the hearing, HB 350 HD2 on energy was heard with support from the State Energy Office, industry, and advocacy groups; opponents argued the existing solar water heater law is working and that variances already allow flexibility. The committee passed HB 350 unamended. Later, the committee heard HB 977 HD1 on energy financing, HB 1017 HD1 on the greenhouse gas sequestration task force, HB 1051 HD1 on energy efficiency portfolio standards, and HB 1406 HD1 on government procedures. HB 977 received support from the Public Utilities Commission, DCCA, and others and was advanced with technical, non-substantive amendments. HB 1017, which would repeal the greenhouse gas sequestration task force, and HB 1051, which sets energy efficiency benchmarks, were both passed unamended. HB 1406, a task force bill aimed at improving permitting and regulatory processes, was amended to add a Senate representative, include the State Energy Office, make the bill effective on approval, and note prior funding requests in the committee report; it was then adopted. Votes were recorded on each measure, with some members excused and HB 751 drawing one no vote from Senator Rhoads.
CA
Transcript Highlights:
  • And it's actually half of that total amount because the other half goes towards debt payments.
  • And then you take that tax revenue total and subtract those exclusions, and that is the amount that you
  • So they would be part of that amount that's subtracted from all taxes.
  • And many of my community members, when we were talking about, “Oh, I got this record amount of money
  • That amount of money, after taking out Prop. 98’s share of it, is split half and half between the Rainy
Keywords: 988, house, all
ND

North Dakota 2026 1st Special Session

Legislative Management Jun 11th, 2026

Legislative Management

Transcript Highlights:
  • I also want to emphasize the challenge that comes with trying to estimate the dollar amount.
  • And I kept it at a low dollar amount there, but I wanted to make you aware that I don't want to blindside
  • I would hope we'd use the biennial amount. That's what we budget at.
  • She said she was not speaking for the fiscal person and did not mean to suggest that amount should be
  • vote for the measure because he believes the numbers provided, he fears the cost will exceed that amount
Summary: The Legislative Management Committee met to fill a vacancy created by Representative Jared Hagert’s resignation, and the House majority recommended Representative Berg to replace him on the committee. The motion to appoint Berg was approved unanimously. The committee then took up its assigned task of estimating the fiscal impact of Initiated Constitutional Measure No. 3, the school meals measure, which would require public schools, and optionally nonpublic and tribal schools, to provide breakfast and lunch at no cost to students and reimburse schools through state funds after federal reimbursements are maximized. Legislative Council’s Liz Fordall summarized the measure’s requirements and answered questions about implementation, including the 2027-28 start date, the measure’s interaction with the Legacy Earnings Fund, and the fact that the Legislature would still control the funding source. DPI’s Linnell Johnson then testified at length on current school meal programs, direct certification, CEP and Provision 2 participation, and likely behavioral changes if the measure passed. She estimated the biennial fiscal impact at $124 million to $134 million, with an additional roughly $300,000 in administrative costs, and explained that the estimate assumed higher participation and some schools shifting to CEP/Provision 2 to preserve federal reimbursements. She also noted that if no new applications were filed in non-CEP schools, the cost could be substantially higher. After discussion, Senator Sorvaag moved to report a fiscal impact range of $124,300,000 to $134,300,000 per biennium to the Secretary of State, and the motion carried. The committee also received an informational update from Legislative Council attorney Dustin Richard on the ongoing redistricting litigation, explaining that the U.S. Supreme Court vacated the Eighth Circuit’s prior ruling and remanded the case for further consideration in light of Louisiana v. Callais, leaving the court-imposed map in effect for now. No action was required on that item, and the meeting adjourned after a brief note that the prior minutes would be brought back at a later meeting.
OK

Oklahoma 2026 Regular Session

Education Feb 17th, 2026 at 10:00 am

Education

Transcript Highlights:
  • OK, the amendment has been distributed. Did they? Would you care to explain the amendment?
  • Is there a set value amount to that? Does that include long-term leases, etc.?
  • So, I know that in previous years we had scaled back the amount of professional development.
  • And really, it's, I think, a maximum amount of good for a A very small amount of money is why I believe
  • When we passed that pay raise, we just calculated the average dollar amount of the pay raise times the
NH

New Hampshire 2026 Regular Session

Fiscal Committee (04/17/2026)

Transcript Highlights:
  • <00:10:33.320> of we only get billed for the amount of we only get billed for the amount of
  • Our apologies for not including those amounts.
  • I do not currently have available with me the original award amounts.
  • I do not currently have available with me the original award amounts.
  • <00:17:18.079> based<00:17:18.480> on<00:17:18.680> the amounts based on the amounts
Keywords: 1189, house, all
Summary: The committee first approved the March 20 minutes and then adopted the remainder of the consent calendar, after removing two items for separate discussion. On item 26071, members questioned a $95,000 DoubleTree Manchester contract for a two-day conference. Department staff said the hotel was the only bidder, the conference typically draws more than 500 attendees, most of the cost is food offset by registration fees, and attendees pay their own lodging except for presenters. The committee then approved the item. On item 26068, members asked for clearer reporting on remaining federal funds in continuing items. DHHS said about $10.3 million remained as of February 28, 2026, and agreed to provide the original award amounts and a reconciliation later. The committee approved the item. The committee then took up a DHHS transfer item for the developmental disability system, where officials said projected costs had risen because of delayed pandemic-era billings, new individuals entering the system, and higher individual service budgets. They said the budget was built on older assumptions, that carryforward funds had fallen from about $94 million to $72 million, and that the transfer would not affect lapse because it shifts general funds while federal Medicaid funds are accepted in return. The item was adopted. The committee also approved a hiring request and then a late Corrections item tied to overtime and recruitment. Corrections officials said the department is about 50% staffed for corrections officers, typical overtime is an eight-hour shift, inmate populations are beginning to rise again, and the department is using academy blitzes, out-of-state recruiting, targeted advertising, and a $10,000 sign-on bonus paid after academy completion and one year of service. Senator Gray said the late item was intended to help reduce a larger request expected in June, and the committee adopted the item. Finally, members questioned DHHS item 26074 on the New Hampshire Care Connection system and its interoperability with provider and managed care systems. DHHS said the system already has SMART on FHIR integration, single sign-on, and deeper integration options, and that managed care organizations are working with the contractor on use cases and data exchange. Officials said the project has been multi-phase, including the 988 crisis-response migration, privacy/security work, a provider network of more than 100 organizations, and a searchable resource portal managed by Granite United Way. They said the closed-referral solution is funded largely with Medicaid federal funds and is planned to continue in the base budget, not the rural health grant. The discussion ended without further action noted in the excerpt.
TX

Texas 89th 2nd C.S.

Homeland Security, Public Safety & Veterans' Affairs Apr 23rd, 2025

Homeland Security, Public Safety & Veterans' Affairs

Transcript Highlights:
  • I think that there are options available, and judges have a fair amount of latitude.
  • The data that we analyze is data that is collected and distributed by OCA and DPS.
  • But, you know, I know what would be an intense interest is if the distribution, printing,...
  • So there's no minimum amount, perhaps? No, there's not.
  • And there is no minimum amount of time by the state that you have to serve.
Summary: The committee heard testimony on several public safety, criminal justice, and regulatory bills. HB 4995 would create a training and certification program allowing licensed physicians and certain EMS personnel assigned to tactical units to carry firearms during high-risk deployments, with supporters saying it would let tactical medical staff protect themselves while providing immediate care; the bill was left pending. HB 2609 would repeal the failure-to-appear-or-pay/OmniBase license-hold program, with the author and advocates arguing it creates compounding debt and unnecessary barriers to driving, while judges and municipal court representatives said the program is a voluntary, cost-effective tool that improves court appearances and reduces warrants; the bill was also left pending. HB 4879 would create a grant program to help local law enforcement pay for lab testing of suspected hemp/Delta-9 THC substances, and HB 5436 would let licensed auto recyclers buy certain untitled vehicles for scrap or parts to curb illegal sales, VIN cloning, and chop shops; both measures were left pending after brief testimony in support. The committee also heard HB 1777, which would require a discrete designation on driver’s licenses and state IDs for people required to register as sex offenders. The author and supporters argued the marker would help law enforcement and businesses quickly identify potentially dangerous offenders and prevent harm, while opponents called it a stigmatizing “scarlet letter” that would increase harassment, family harm, and reintegration barriers. The bill was left pending. HB 4155 would create a two-year Family Violence Criminal Homicide Prevention Task Force in the Governor’s Office to study family violence homicides, gather stakeholders, and recommend policy changes; the author, HHSC, the Texas Council on Family Violence, and a survivor testified in support, and the bill was left pending. The committee also heard HB 4514, which would authorize DPS to use facial image verification, with consent and privacy safeguards, to help businesses confirm identities and combat fraud; supporters from the lumber and identity-verification industries said it would reduce theft and fraud, and the bill was left pending. Finally, HB 5139 would clarify that peace officers and jailers are justified in using less lethal force weapons when acting within training and official duties; law enforcement groups supported the measure as a way to encourage use of less lethal tools without fear of prosecution, and testimony was underway when the transcript ended.
NH

New Hampshire 2025 Regular Session

House Municipal and County Government (01/13/2025)

Municipal and County Government

Transcript Highlights:
  • <00:47:50.680> at copies to be made for distribution at copies to be made for distribution
  • The credit works as an additional amount of appropriation; it's an amount of money that the town's going
  • The credit works as an additional amount of appropriation; it's an amount of money that the town's going
  • amount of appropriation it's an amount amount of appropriation it's an amount of<02:31:11.920>
  • for a certain amount amount and if that for a certain amount amount and if that is<03:42:46.760>
Keywords: 1189, house, all
CA
Transcript Highlights:
  • And the distribution of PPE directly to these workers.
  • What are sort of your average annual distributions for that fund?
  • of vehicles coming in. to downtown, a huge amount of people coming in.
  • The amount of work that we had, and that was while working from home.
  • The capital annex project has almost tripled from the original amount from one to the original amount
Keywords: 988, house, all
HI

Hawaii 2025 Regular Session

FIN Info Briefing - Mon Jan 6, 2025 @ 9:00 AM HST

Hawaii House Floor Meeting

Transcript Highlights:
  • But then they take that national number and they distribute it out to the states, and the way they distribute
  • But then they take that national number and they distribute it out to the states, and the way they distribute
  • The departments were instructed to review their 2025 base budget amounts, and these are the amounts that
  • 2025 base budget amounts and these are<01:42:58.679> the<01:42:58.840> amounts<01:42:59.159
  • councel and revenues and the amounts councel and revenues and the amounts seem<02:00:57.159>
Keywords: 910, house, all
Summary: The Committee on Finance held its first informational briefing for 2025, beginning with member introductions and then hearing an economic outlook presentation from Dr. Eugene Tian of the Department of Business, Economic Development and Tourism. Dr. Tian said Hawaii’s economy was in relatively good shape in several areas, especially construction, which he described as at a historical high, with construction employment above 40,000 monthly and building permit values and contracting tax base both up sharply. He also noted real estate sales had rebounded in 2024, the labor market had stabilized with unemployment around 2.9%, and initial unemployment claims were below 2019 levels. At the same time, he highlighted challenges including inflation running above the national rate, a shrinking labor force, lower employment compared with 2023, and continued weakness in visitor spending and arrivals. He said future growth would likely come from health care, professional services, construction, tourism recovery, and diversified sectors such as renewable energy, aquaculture, creative industries, and technology. Dr. Tian also discussed Hawaii’s economic structure and recovery, saying the state remains more concentrated in a few industries than the U.S. overall, with government and hospitality making up larger shares of the economy. He said non-tourism sectors had recovered, but tourism-related jobs and output were still below pre-pandemic levels, with Maui and the visitor industry still affected by the wildfire and COVID-19 impacts. He projected tourism and non-agricultural wage and salary jobs would not fully recover until 2027, and said population trends remain a concern because of aging, the likelihood of deaths outpacing births in coming years, and reliance on in-migration. After his presentation, the chair said questions would be taken later and the committee took a short break. After the break, Dr. Carano of the Hawaii Executive Director’s office presented a second outlook, saying Hawaii’s economy in 2025 looked better than 2024 overall, though he emphasized substantial uncertainty tied to the incoming federal administration. He said possible changes to tariffs, tax policy, immigration, and federal spending could raise inflation and keep interest rates higher than previously expected, which would affect housing, consumer debt, the dollar, and Hawaii’s visitor industry. He noted that U.S. visitors account for roughly three-quarters of visitor spending in the state, making federal policy especially important. He also said deregulation could be a long-term positive but would not likely have much effect in 2025 or 2026. As an additional risk, he pointed to bird flu and its effect on livestock, poultry, and egg prices. No votes or formal actions were taken during the briefing.