Transcript Highlights:

• We have not increased our fees since 2015, and some fees have been eliminated since that time.
• That was the program that they've got. application fees that are charged to the application fees that
• to offset that request to increase the management fee.
• license application fees, all those things.
• application fees, their their license application fees, all<00:56:20.160> those<00:56:20.319>

Keywords: Appropriations - Room 216, 22 January, 2026; 8:00 AM, 925, all

Summary: The hearing began with the State Board of Architecture’s budget presentation. The executive director described the board’s mission to regulate architecture, landscape architecture, and certified interior design to protect public health and safety. He highlighted the board’s consolidated structure, license totals, high reciprocity rate, recent rule changes to reduce barriers to practice, and a proposed FY 2027 budget of $368,123, which included a 5% staff salary increase and higher operating costs. He also noted a newly identified need to modernize the licensing system, estimated at at least $25,000, and asked that the board not be reduced below the requested level. A board member also praised the small staff’s responsiveness and effectiveness. The State Board of Public Accountancy then presented its budget and policy requests. The executive director said the board regulates CPAs and CPA firms, oversees the CPA exam process, and has about 3,600 active individual licensees and 800 firms. The board requested only a 3% compensation increase for staff, plus a special request to allow an audit supervisor to repay the cost of a Becker review course through payroll deduction as part of succession planning. She also described a board-approved waiver program that began January 1, eliminating application fees for CPA exam candidates and retakes; 42 candidates had used the waiver in the first two weeks. In response to questions, she said the board does not assist CPAs with IRS disputes, but it does investigate complaints from the IRS, SEC, PCAOB, or others. Finally, a representative presented for the Board of Licensed Professional Counselors. She explained that the board regulates licensed counselors and psychotherapy providers, meets frequently, and has two staff members. The board’s main request was for additional investigative capacity: a full-time investigator and related funding, because complaints are currently handled by part-time investigators, contractors, and sometimes board members, which can require recusals from hearings. She said the state auditor had recently flagged complaint backlogs at regulatory agencies, supporting the request. The board also sought funding for a contractual administrative position, salary progressions, and a one-time technology increase to modify its new licensing system for the counseling compact and better search functions. Members questioned the board about its large cash balance, which was reported at about $860,000, and whether it should provide fee relief or other benefits to members; the presenter said the board would look into that and noted that revenues had increased significantly in recent years, partly due to out-of-state and telehealth-related licensing demand.

Transcript Highlights:

• construction codes and Licensing fee construction codes and Licensing fee alignment<01:14:45.360
• from these fees and currently the fees from these fees and currently the fees assessed<01:15:24.040
• inspection fees.
• that is part of their their their fee that is part of their their their fee for<01:30:09.719>
• <01:33:17.920> fee<01:33:18.119> increases support of the fee fee increases support

Keywords: 1183, house

Transcript Highlights:

• The bill as amended does not require a separate parking fee or other fees, camping fees, facility rental
• It only says entrance fees. It's entry fees.
• fee, the paint tax, and there were over 200 increases in fees in the budget.
• that we were sent, the battery fee fee that we were sent, the battery fee we<04:04:03.760> were
• this is a fee much like the all the fees this is a fee much like the all the fees that<04:06:53.359

Keywords: 9:00am HB 155 9:30am HB 1102 10:30am HB 1109 11:00am HB 1356 11:30am HB 1469 1:00pm HB 1323 2:00pm HB 1376, 928, house, all

Summary: The meeting began with unanimous committee approval of amendment 2026-2021S to HB 2. Senator Lang explained the amendment corrected a drafting error so that $2.5 million in state funds, matched with federal money for a total of $5 million, could be spent during the biennium rather than lapse at the end of the fiscal year. The money is intended to stabilize Medicaid per diem rates for county nursing homes, and members agreed without objection to adopt the amendment and continue working from the bill as amended by the Senate. The committee then discussed HB 155 and a proposed amendment, 2026-201H, dealing with the business enterprise tax. The House side described the proposal as a compromise that would raise the filing threshold from $250,000 to $375,000 and create a trigger that would reduce the BET rate by 0.05% for each $100 million in combined business tax surplus, down to a floor of 0.25%. Senate members opposed lowering the rate at this time, arguing that tax relief should focus on the filing threshold, which they said would remove filing burdens for about 3,500 small businesses, and that rate cuts should be considered in a budget cycle rather than an off-year. Concerns were raised that one-time revenues, such as tax amnesty receipts or federal repatriation-related surpluses, could unintentionally trigger reductions. Representative Sweeney later offered a revised approach by moving the effective date of the trigger mechanism to January 1, 2028, and said he was also willing to carve out tax amnesty revenues or adjust the effective date to avoid using one-time funds. The Senate remained unwilling to agree to a rate reduction, though it expressed openness to raising the filing threshold further. The committee ultimately did not resolve the business tax issue and recessed to continue discussions at a later time. The final item discussed was HB 1102, concerning an increase in the research and development tax credit paired with changes to state park fees. House members supported the R&D credit increase but opposed tying it to higher park fees, citing concerns about tourism, especially at border parks, and noting that the Department of Natural and Cultural Resources had said it did not need the increase. Senate members defended the park fee changes as a fairness issue, arguing that New Hampshire residents should pay less than out-of-state visitors and that the department had not raised rates in many years. No vote was taken on this item during the discussion captured here.

Transcript Highlights:

• It's a moratorium on increases in taxes and fees.
• And so what we're trying to accomplish with this moratorium on tax and fee increases...
• They largely subsidize those user fee functions with general fund money, so please know that fees will
• community as we needed to institute a wastewater capacity fee this past year.
• Creation of that water resource fee would be prohibited under the terms of HB 4030 and HCR 2052.

Bills: HB2780, HB4029, HB4030, HCR2052

Keywords: judicial foreclosure, tax lien, redemption rights, excess proceeds, property auction, income tax, federal tax conformity, revenue analysis, legislative session, tax reporting, municipal fees, county fees, utility rates, moratorium, tax classification, local government, inflation, economic stability, tax increases, cost-of-living protection

Summary: The committee first heard House Bill 2780, a technical cleanup measure related to Arizona’s judicial tax lien foreclosure and excess proceeds process. The sponsor and a witness said the bill clarifies when a court should order a public sale, standardizes distribution of sale proceeds, and corrects inconsistencies left from prior reforms. No opposition was raised, and the committee approved HB 2780 unanimously on a 9-0 do pass vote. The committee then took up House Bill 4029, which would require the Governor’s Office of Strategic Planning and Budgeting and the Joint Legislative Budget Committee to evaluate the revenue impact of federal tax conformity changes earlier in the process, and would require the Department of Revenue to issue tax forms consistent with statute. An amendment was adopted to have OSPB and JLBC each make the evaluation and to require a governor’s report if the impact is $100 million or more, along with new reporting deadlines for DOR. Supporters argued the bill would force earlier action on conformity and prevent tax forms from diverging from statute; opponents said it added bureaucracy and could delay filing. The committee approved HB 4029 as amended by a 5-4 vote. The committee also heard House Bill 4030 and the related HCR 2052, both aimed at limiting local tax and fee increases. HB 4030 would bar municipalities and counties from adopting, imposing, or collecting increased fees, transaction privilege taxes, and utility rates from July 1, 2026, through June 30, 2030. The sponsor said the measure was intended to protect taxpayers from inflation and rising local costs. Cities, counties, and utility representatives opposed the bills, warning they would hinder infrastructure financing, water and wastewater projects, road improvements, and public safety services, and could force general fund subsidies or delayed maintenance. Supporters argued local governments have seen substantial revenue growth and should be restrained from further increases. The committee did not reach a final vote on HB 4030 or HCR 2052 in the portion provided.

Transcript Highlights:

• on the bottom of page 12 there is a fee on the bottom of page 12 there is a fee report.<00:26:56.320
• <00:27:02.400> from generally funded through fees from generally funded through fees from
• It's just a fee report. It does not set fees at this time. Thank you, Mr. President.
• It's just a fee report. It does not set fees at this time. Thank you, Mr.
• fees at this time. Thank you, Mr. fees at this time. Thank you, Mr. President. President.

Keywords: 927, senate, all

Transcript Highlights:

• <01:28:39.600> over said, "Will you take your fees over said, "Will you take your fees over
• respect to attorney's fees. respect to attorney's fees. Thank<01:28:59.520> you.
• amendments, all firms were taking fees amendments, all firms were taking fees over<02:08:49.119>
• , ability to get reasonable legal fees, ability to get reasonable legal fees, which<02:43:51.520>
• I am owed for my legal fees. I alimony. I am owed for my legal fees.

Keywords: 1191, senate, all

Transcript Highlights:

• well as the fees that they get to keep. well as the fees that they get to keep.
• an online system for remitting the fees. an online system for remitting the fees.
• So that's the fees."
• Um, that will be a smaller fee.
• "That will be a smaller fee.

Keywords: 1189, house, all

Transcript Highlights:

• But right now under state statute fee.
• we're not able to pay a facility fee we're not able to pay a facility fee because<01:24:30.239><
• We are merely transferring who the fees.
• We're just not paying a facility<01:37:50.719> fee. facility fee. facility fee.
• facility fee as the Jesse mentioned. facility fee as the Jesse mentioned.

Bills: HB0003, HB0004

Keywords: pregnancy centers, abortion, pro-life, healthcare, women's rights, state regulation, civil rights, freedom of speech, medical assistance, birthing centers, Medicaid, Wyoming, 916, all

Transcript Highlights:

• have a PBM 938, and it's a different way of looking at how we regulate PBMs between administration fee
• , dispensing fee, reimbursements, what the department can do in reverse auction.
• There's no reason for us to keep those fees.
• Typically in our industry, that's two of which have committed to go to a fee-for-service model.
• Then we're going to have a data fee, then we're going to have a market access fee, and before you know

Bills: SB511, SB512, HB591, HB909, HB938, HB1154, HB1187

Keywords: automobile repairs, insurance transparency, repair shop liability, non-OEM parts, policyholder rights, automobile insurance, appraisal process, insurance policyholders, dispute resolution, claim valuation, family leave, insurance, paid leave, employment benefits, caregiver support, behavioral health, crisis services, mental health care, insurance coverage, healthcare access

Transcript Highlights:

• So the increase in this registration fee would result in approximately $254,700 in annual fee income.
• So the increase in this registration fee would result in approximately $254,700 in annual fee income.
• So the increase in this registration fee would result in approximately $254,700 in annual fee income.
• Approximately $254,700 in annual fee income.
• They're not a... maybe credit report fees and so on. But maybe credit report fees and so on.

Keywords: 927, senate, all

Transcript Highlights:

• Just, uh, quickly, this didn't change any fees or any of the fees listed in here.
• , we had to delete language about the fee, we had to delete language about the fee, right?
• We're asking for a fee increase for that amount.
• We're asking for a fee increase for that amount.
• that we're trying to get um those fees that we're trying to get um those fees up<00:23:08.400>

Keywords: Judiciary, Division B - Room 409, 28 January, 2026; 9:00 A.M., 925, all

Summary: The committee first took up Senate Bill 21104, a Gaming Commission criminal penalties bill presented by Commissioner Jay McDaniel. He said the measure is essentially the same as a bill passed by the Senate last year and would keep penalties low for people merely playing gaming, but make it a felony for operators of illegal online gaming platforms, with a $100,000 fine per conviction and forfeiture authority for funds tied to the crime. The committee substitute was described as clarifying that the penalties target the operator rather than the platform being used. After no questions, the committee moved and adopted the bill. The committee then heard three Department of Public Safety bills from Commissioner Tindle. Senate Bill 2232 would raise seat belt fines from $25 to $100 and direct the additional revenue into existing driver education-related funds, with the stated goal of supporting driver education programs and improving teen road safety. Members asked about the revenue impact and whether the money would be appropriated back to the department and schools; Tindle said the funds would still be subject to legislative appropriation. The bill was moved and adopted, though some members raised concerns about redirecting local fine revenue. Senate Bill 2314 was described as a cleanup bill for driver’s license statutes, updating outdated references, removing obsolete paperwork requirements, allowing first-class mail and optional digital notice through mobile ID, and reflecting the department’s move from Jackson to Pearl. Members questioned whether first-class mail could shorten response time for suspension notices and how mobile ID notices would work; Tindle said the change was intended to save money and allow electronic notice if users opt in. The committee also adopted this bill. Senate Bill 2817 would reorganize DPS by consolidating several divisions into a new Mississippi State Bureau of Investigations, combine equipment and software purchases, raise autopsy fees from $1,000 to $1,200, increase salvage title inspection fees from $75 to $125, and open a broader discussion about the Highway Patrol’s future role. It was also moved and adopted. The committee then heard Senate Bill 2230 from Senator Hill, which would extend electronic warrants to misdemeanors; members discussed efficiency, warrant databases, and Fourth Amendment concerns, but no final action on that bill was shown in the excerpt.

Transcript Highlights:

• It’s a $15 rate, and that includes taxes and fees.
• It’s $15 or $20, with all the fees included.
• Upon towing the vehicle, predatory towers will charge inflated or exorbitant fees.
• additional daily storage fees to further pad the bill.
• And while Massachusetts was one of the first states to adopt a fee on ride-hailing with a 20-cent fee

Keywords: 995, all

Summary: The Joint Committee on Telecommunications, Utilities, and Energy opened its hearing with testimony on several broadband, towing, and rideshare-related bills. The first major issue was H. 3470/S. 2259, which would add data privacy and integrity protections for transportation network driver information. Rideshare drivers and labor advocates strongly opposed the bill, saying it would delay implementation of Question 3, which Massachusetts voters approved to give rideshare drivers a path to unionize. Drivers described low pay, deactivations, harassment, safety risks, and the need for a union to negotiate fairer working conditions. Legal and labor experts testified that the bill was largely duplicative of existing law and regulations and would unnecessarily postpone drivers’ organizing rights. No vote was taken on the bill during the hearing. The committee also heard extensive testimony on broadband affordability and access bills, including S. 2318/H. 3527 and related measures. Supporters, including legislators, digital equity advocates, senior advocates, and service providers, said low-income households need a permanent affordable broadband option after the federal Affordable Connectivity Program ended. They argued that internet access is now essential for jobs, school, health care, housing, and daily life, and supported a flat-rate low-income plan around $15 per month with protections such as no installation fees or termination fees. Opponents from cable and wireless industry groups argued the bills would impose artificial price mandates, discourage investment, and reduce consumer choice, noting that providers already offer discounted programs. The committee also heard support for broadband deployment and pole-attachment streamlining bills, with providers and municipal broadband advocates saying permitting delays and pole access bottlenecks slow expansion and raise costs. Additional testimony covered H. 3566, which would exempt municipal broadband projects from surety bond requirements, and towing-related bills including S. 2235, H. 3507, H. 3516, and H. 3482. Insurance and anti-fraud witnesses supported stronger towing protections, saying some towers charge excessive fees and hold vehicles hostage, while one witness urged broader consumer safeguards. The hearing ended after the chairs shortened testimony to fit the room schedule, asked for final comments on remaining bills, and then adjourned by motion and voice vote.

Transcript Highlights:

• There are other fees beyond the out of state fee that were also defined in statute.
• There's a desire for a new fee.
• Here's a listing of the fees that are thought to exist and statute there are over 40 fees, fines and
• So that's an overview of on tuition and fees.
• . 4 out of state students in terms of tuition and fee collections.

Transcript Highlights:

• That was a net reduction of fees of $104,000.
• There was an addition of $2,708 for an accounting CPA fee.
• And due to the issuance of those two series, there were increases in line-item fees.
• That was a net reduction of $150,000 in total fees.
• fee.

Keywords: 974, senate, all

Summary: The State Bond Commission met on May 21 with a quorum present and approved the April 16 minutes. The commission then reviewed and approved a large slate of local government and public authority financing requests, including election propositions for the November ballot, water and sewer infrastructure projects, fire protection and recreation district bonds, school board financing, and several refunding transactions. Most items were found to meet technical requirements and were approved on motions by Speaker DeVillier and seconded by Senator Talbot. Among the more notable items were the East Baton Rouge City-Parish refunding bonds for the Greater Baton Rouge Airport District, the City of Kenner’s retroactive approval request tied to a convention center agreement with GMB Basketball LLC, a Louisiana Housing Corporation financing increase for the Federal City Building 10 affordable housing project, and preliminary approval for the Northwest Louisiana Finance Authority’s Petro Tower redevelopment in Shreveport. The commission also approved financing for Southern University’s Scott’s Bluff student housing project and the Crescent City Schools/Harriet Tubman Charter School project. The Crescent City Schools item prompted questions about how MFP funds are used; staff explained that lease payments would support the bonds and that MFP funds are generally split between educational expenses and facilities-related costs. The commission received six monthly cost-of-issuance reports, which required no action, and a status update on the state debt schedule. It also approved Resolution No. 2 authorizing up to $425 million in general obligation refunding bonds to refund the Series 2016 bonds and tender other outstanding bonds for savings, with pricing tentatively set for June 16 and closing for June 30. During other business, New Orleans City Council President J.P. Morel thanked the commission for its role in helping address the city’s fiscal crisis and for approving a charter amendment election item aimed at strengthening budget oversight. The meeting adjourned after no further business.

Transcript Highlights:

• There was an addition of $2,708 for an accounting CPA fee.
• There's $521,000 remaining in approved fees for the actual long-term bonds. 30 is the St.
• And due to the issuance of those two series, there were increases in line-item fees.
• fee.
• There's an increase of $3,000 for issuer fees, and it was a net reduction of $102,000.

Summary: The State Bond Commission met on May 21, established a quorum, approved the April 16 minutes, and then considered a long agenda of bond, refunding, and election-related requests. Items 3 through 10 were election propositions for the November 3 ballot involving ad valorem taxes, parcel fees, and charter amendments for purposes such as fire protection, agricultural centers, neighborhood security, recreation, aging services, drainage, and roads and bridges; staff said they met technical and legal requirements, and the commission approved them. The commission also approved several local financings, including water and sewer projects, fire district equipment and facility improvements, school board and parish bonds, and refunding transactions for the East Baton Rouge City-Parish and St. James Parish School Board. A retroactive approval request from the City of Kenner related to a CEA with GMB Basketball LLC was discussed; staff made no recommendation because it was retroactive, but noted it appeared to be an oversight, and item 22, the related airport district agreement, was approved. The commission approved additional financing for the Louisiana Housing Corporation’s Federal City Building 10 affordable housing project, a preliminary approval for the Northwest Louisiana Finance Authority’s Petro Tower redevelopment in Shreveport, and two Louisiana Public Facilities Authority projects: Southern University’s Scott’s Bluff student housing project and the Crescent City Schools project for Harriet Tubman Charter School. During discussion of the Crescent City Schools financing, a commissioner asked about the use of MFP funds; staff explained that lease payments would be the repayment source and that MFP dollars are generally split between educational expenses and facilities costs, with the school’s typical split around 72% instructional and 28% administrative/facilities-related. Both items were approved. The commission then received six cost-of-issuance reports for previously approved bond issues, with various fee adjustments but no motions required. It also reviewed a debt schedule update and adopted Resolution No. 2 authorizing up to $425 million in general obligation refunding bonds to refund Series 2016 bonds and tender other outstanding bonds for savings, with pricing tentatively set for June 16 and closing for June 30. In other business, the commission heard a brief public comment from New Orleans City Council President J.P. Morrell thanking the commission for helping place a charter amendment on the ballot to improve New Orleans budgeting transparency and oversight. The meeting ended after monthly reports were noted and no further business was raised.

Transcript Highlights:

• SB 222 does establish a soft permit fee cap, but also allows jurisdictions to exceed those permit fee
• As we all know, existing law requires fees.
• with a mitigation fee.
• on a property so homeowners only have to pay fees on the square footage in excess of the fee-exempt
• And it goes against the Mitigation Fee Act, which has set the boundaries on how the fees are determined

Keywords: 988, house, all

Transcript Highlights:

• It's a fee.
• It's a fee.
• It's a fee.
• It's a fee.
• It's a fee.

Keywords: Finance - Room 216, 3 February, 2026; 10:30 AM, 925, all

Summary: The committee first considered Senate Bill 2191, which would expand the allowable uses of municipal use tax funds. The bill would add sidewalks to the list of eligible projects and remove remaining restrictive language that limited use tax spending to roads and bridges. A senator asked for confirmation that the funds would be limited to publicly owned property of the local government, and the sponsor confirmed that was the intent. The committee approved the bill and reported it out. The committee then took up Senate Bill 2257, the Mississippi Land Bank Act, which would create a local land bank tool for cities and counties to acquire, manage, and return vacant, abandoned, and tax-forfeited properties to productive use. The sponsor said the bill is intended to help address blight, especially properties held at the Secretary of State’s office, and emphasized that land banks would be locally created, subject to public accountability requirements, and barred from using eminent domain. The committee adopted the bill and reported it out. Members also discussed Senate Bill 2828, a committee substitute that would impose a fee on international wire transfers, with a credit available to Mississippi income taxpayers. The sponsor said half of the revenue would go to DPS for 287(g) programs and half to the general fund. An amendment was adopted to exempt certain transactions funded through U.S.-issued debit or credit cards or withdrawn from federally insured accounts. The committee adopted the substitute and reported the bill out. Later bills included SB 2863, creating a Jackson County industrial zone exempt from municipal annexation, and SB 2862, a related annexation measure brought forward with a reverse repealer; both were advanced after brief discussion. The committee also approved SB 2909, which lowers the unreduced retirement threshold in Tier 5 from 35 years to 30 years, and SB 2885, the Mississippi Work and Save program, a voluntary state-treasurer-run retirement savings option for small employers and employees. Throughout, the committee generally asked limited clarifying questions and then voted to adopt committee substitutes and report the bills out.

Transcript Highlights:

• So that's like if you have 30 homes fee.
• We know the fees.
• We know the fees. fees. fees.
• Uh we're predetermined fee structure.
• background of of uh uh what those fees background of of uh uh what those fees might<00:36:42.720

Keywords: 928, house, all

Summary: The public hearing focused on Senate Bill 153, a proposal to speed up Department of Transportation driveway/entrance permitting for larger residential developments, generally 20 units or more. Senator Mark McConkey, the prime sponsor, said long permit delays can stall financing and housing construction, and explained that the bill creates a second, expedited permitting lane funded by a per-door fee. He said the original 90-day mandate was replaced with a more workable process developed with DOT and the New Hampshire Homebuilders Association, and noted that the fiscal note had been removed. Committee members asked about the fee structure, timing, whether the bill applied to 20 doors/units, and whether it affected income-restricted housing; McConkey said it does not include income-based incentives and does not change zoning or local planning requirements, only the DOT permit timeline. Industry witnesses strongly supported the bill. Matt Mayberry of the New Hampshire Homebuilders Association said the proposal is a public-private partnership the industry requested, that time delays can jeopardize financing, and that builders are willing to pay for faster review as long as safety remains the top priority. Joshua Reap of Associated Builders and Contractors gave similar support, saying DOT bottlenecks have long slowed projects and that the bill would help move approved developments forward without burdening taxpayers. Questions from members focused on whether the expedited lane would pressure DOT to approve unsafe projects, whether consultants would already be vetted, and how the process would work alongside local approvals; witnesses said DOT would still retain final sign-off and that the process would be transparent and safety-focused. Alan Hanscom of DOT then explained the department’s role in more detail. He said the bill would require DOT to issue permits within 60 business days after approval of the traffic impact study for qualifying residential projects, and would create a $120 per-unit fee to fund a dedicated liaison position and software upgrades. He said the applicant would also pay for third-party consultant engineer review under DOT oversight, with the consultant costs passed through at no DOT markup and any unused funds returned to the applicant. Hanscom said DOT has been working with the sponsor and builders to clarify the process and improve transparency, and estimated the fee would support a position that coordinates between applicants, districts, consultants, and DOT bureaus to reduce dead time in the review process.

Transcript Highlights:

• to us when we collect too much fees; then we fee holiday and it falls back and we start again.
• to us when we collect too much fees; then we fee holiday and it falls back and we start again.
• Uh yep. >> Can you explain that fee structure and are there caps on it? >> Fees.
• Uh yep. >> Can you explain that fee structure and are there caps on it? >> Fees.
• Uh yep. >> Can you explain that fee structure and are there caps on it? >> Fees.

Keywords: Meeting Start: 00:00:35 Attendance Roll Call: 00:00:55 Approval of Minutes: 00:02:56 Deferred Compensation Authority Update: 00:03:12 Retiree Health Update - TRS: 00:15:58 Retiree Health Update - KPPA: 00:56:13 Adjournment: 01:20:33, 958, all

Summary: The Public Pension Oversight Board received updates from the Kentucky Public Employees Deferred Compensation Authority and the Teachers Retirement System. Chris Biddle reported that deferred compensation assets had grown to about $4.787 billion with roughly 88,000 participants, crediting auto-enrollment, targeted marketing around pay raises, and retiree-focused services. He said the board’s self-directed brokerage account, authorized by last year’s legislation, is being designed around a $40,000 account-balance threshold with up to 25% transferable into the brokerage window, tentatively for July 1 of the coming year. He also described the free financial planning program, which has been used by about 3,300 to 3,500 participants with an 87% return rate, and noted that the plan is currently in a fee holiday; members asked about the fee structure and whether the CFP service is provided through Nationwide, which Biddle confirmed. Board members praised the deferred compensation program’s growth and asked for the legislation referenced by Biddle. He said the plan’s annual fees are capped, with a $1 monthly fee plus other charges up to a $225 cap, for a maximum of $237 per year absent a managed account. He also said the program is seeking unified payroll access to expand participation, especially among teachers, and that prior lineup changes saved about $6 million annually in participant fees. Bo Barnes of TRS then addressed retired teachers’ health insurance, first clarifying a prior question about declining federal contributions to the retirement annuity trust. He explained that federally funded school positions generated contributions that rose from $72 million in 2019 to $109 million in 2022, then fell to $85 million this year, with a projection of $80 million over the next three years; if those dollars do not come from federal sources, they would have to be replaced through the SEEK formula. Barnes then reviewed TRS health coverage, explaining that the statutory contract guarantees access to group coverage but not fixed premium levels, and that TRS administers two retiree plans: KEHP for retirees under 65 or otherwise not Medicare-eligible, and MEHP for retirees 65 and older or Medicare-eligible. Barnes said TRS completed RFPs for the 2026 plan year, retaining Express Scripts for prescription drugs and switching the Medicare Advantage medical provider from UnitedHealthcare to Humana, while keeping plan design, provider access, out-of-pocket costs, and benefits materially unchanged. He noted a modest hearing-aid improvement of $500 per ear beginning in 2026. He also reported that the TRS Board approved the maximum state contribution for KEHP at $1,044.96, up from $930.76, an 18% increase that he said would require about $15 million to $16 million more annually, while the MEHP premium would drop from $210 to $200 per month because of the new contract. Using the 2024 valuation, he said the KEHP increase would slightly reduce the health trust funded ratio from 80.4% to 80.1% and raise unfunded liability from $4.036 billion to $4.051 billion. Barnes closed by reviewing the 2010 shared-responsibility reforms that shifted retiree health costs away from a pay-as-you-go model, including phased employee and district contributions and Commonwealth stabilization funding. No votes were taken beyond approval of the minutes.

Transcript Highlights:

• for a payment of rent, how will that fee get paid for?
• THOSE PROCESSES FOR A PAYMENT OF RENT, HOW WILL THAT FEE GET PAID FOR?
• And if you are living there with your family, and if there is a fee of let's say $2 or something like
• "If they told me the fee was $2, I would have to decide whether or not I wanted to — if they said $10
• "Are willing to pay that fee, and, certainly, they can arrange their own finances accordingly.

Keywords: 993, senate, all

Summary: The Senate opened with prayer, the Pledge of Allegiance, and approval of the prior day’s journal, then moved through a series of introductions and resolutions recognizing Women’s History Month honorees, Prince Hall Masons and Eastern Stars, Agriculture Week, Pakistan-American Heritage Day, visiting Mercaz Academy students, and the 175th anniversary of Albany Law School. Several senators spoke in support of the commemorations, and each resolution was adopted. The chamber then took up a number of bills on the calendar. Among the measures passed were bills related to insurance, private housing finance, public health, mental hygiene, real property, elder law, public authorities, and environmental conservation. One bill on the Environmental Conservation Law drew a procedural challenge over a proposed amendment; the Chair’s ruling that the amendment was nongermane was upheld by a show of hands, after which the bill passed. Another bill amending the Emergency Tenant Protection Act was debated on the issue of vacant rent-stabilized units and LLC ownership transparency, with supporters saying it would help identify responsible owners and opponents arguing it was too broad and could impose unclear penalties; it ultimately passed. The most extended debate centered on a real property bill concerning electronic rent payment systems and automated clearinghouse fees. Supporters framed it as a transparency measure that lets tenants choose whether to use such systems, while critics questioned how fees would be handled and whether the bill would affect landlord costs. After debate, the bill passed. A public health bill sponsored by Senator Webb also passed after she explained it was intended to improve transparency and oversight of changes to maternity and perinatal services amid concerns about maternal health deserts and hospital closures. The Senate then completed the calendar and adjourned until the next day.