Video & Transcript Research : 'gap financing'
Page 112 of 500
KY
Kentucky 2025 Regular Session
Medicaid Oversight and Advisory Board (11-12-25) - Part 2
Transcript Highlights:
- And as we think about dental care, we know we have lots of gaps in the delivery system.
- How do we use technology and innovation to fill some gaps?
- How do we innovation to fill some gaps?
- I would have to defer that to our finance folks.
- finance folks. That's I I I don't know. finance folks. That's I I I don't know.
Summary:
The Medicaid Oversight and Advisory Board received a presentation from Dr. Stack and Commissioner Langfeld on Kentucky’s application for a federal Medicaid-related funding opportunity tied to House Resolution 1. They described a compressed six-week stakeholder process that produced more than 50 responses and letters of support, and said the application was organized around five broad priorities: maternal health, behavioral health and substance use disorder, oral health, EMS/trauma response, and chronic disease. They emphasized that the proposal was designed to align with CMS goals, use allowable funding categories, and focus on sustainability rather than a short-term grant.
Commissioner Langfeld outlined five core initiatives: rural community hubs for chronic care innovation, beginning with obesity and diabetes; a maternal and infant health effort called POWER; a behavioral health and substance use model called IMPATH; an oral health initiative called Rooted in Health; and an integrated crisis-to-care EMS and trauma response effort. He said the chronic disease work would include prevention, food-as-medicine concepts, and technology tools, while the maternal health effort would expand team-based care around mothers and infants using community health workers and doulas. The behavioral health proposal would build on existing crisis intervention models, oral health would address workforce and access gaps through training, mobile vans, and telehealth, and the EMS proposal would better connect emergency response with home-based and community care.
Several senators questioned whether the proposal would meaningfully address rural hospital closures or the broader rural health care crisis. Senator Meredith said the plan was not transformational and would not save rural hospitals, while Senator Berg asked how success would be measured. In response, the presenters said they would use both lagging and leading indicators, with an emphasis on rapid-cycle feedback and data use that is more actionable in real time. They also said the work could help existing models that already show promise, such as behavioral health units and dental workforce expansion, even if it would not solve the larger funding gap created by HR1.
Senator Douglas asked how the proposals would motivate patients to participate in their own health care. The presenters responded that the chronic disease prevention work would focus on obesity, diabetes prevention, nutrition, and consumer-facing technology tools to help people engage in their own care, and that EMS-community health worker partnerships could identify unmet needs in the home and reduce preventable problems. The board then moved on to its next agenda item, Medicaid managed care delivery models, with Tom Stevens, Katherine North, and Dr. Patel scheduled to present.
TX
Transcript Highlights:
- And Janine, the Special Finance Commission, as you know, I served on that.
- You know, I take school finance very seriously. It's something that we've worked on together.
- So, some of our school finance system in Texas is. enrollment based but the bulk of our school finance
- It is a funding source for the foundation. finance.
- Yeah it's a method of finance so to the extent that so I think to the extent that that method of finance
Summary:
The meeting covered various topics, but specific discussions and bills were not detailed in the available transcript. Despite the lack of documented debates or acknowledgments, it was noted that committee members were present, and there may have been attempts to address crucial legislative matters. The dynamics of the meeting suggested a standard procedural gathering where routine insights were likely shared among the attendees.
WA
Washington 2025-2026 Regular Session
Senate Health & Long-Term Care Dec 4th, 2025
Transcript Highlights:
- You can see the gap from where we are now to where we are likely to be as more people are older and our
- This is just another way of representing that growing gap between the 85-plus population who will need
- There's gaps in care. There's a lack of choice in what care you're receiving.
- This closes the resource gap that drives avoidable prolonged acute stays, reduces difficult-to-discharge
- somebody is diagnosed with a really serious illness, palliative care can help fill in some of those gaps
Summary:
The committee began with an extended work session on the long-term care workforce. DSHS Assistant Secretary B. Rector described the new Home and Community Living Administration and outlined major workforce pressures: Washington had about 126,000 long-term care workers in 2022, with demand expected to outpace supply as the 85-plus population and dementia prevalence rise sharply. She emphasized that direct care workers are largely women, people of color, and immigrants, and that family caregivers are also a major part of the system. She highlighted recruitment and retention efforts funded through federal Money Follows the Person dollars, including high school training partnerships, a retention toolkit, transportation support, caregiver newsletters, tribal workforce navigators, and a remote caregiving pilot. Committee members asked about career pathways, technology use, and turnover drivers; Rector said wages, benefits, unstable hours, and workplace support are key issues and promised follow-up data. Aidan Swain of the Washington Health Care Association said skilled nursing and assisted living facilities face acute RN vacancies, wage pressures, and Medicaid reimbursement that does not cover costs, and urged modernization of training, better reimbursement, and continued support for facility-based care. Maddie Fouch of SEIU 775, representing about 55,000 caregivers, said low wages, weak benefits, lack of voice, and certification delays are driving turnover and shortages, and argued for higher compensation, better worker protections, and more transparent reimbursement. Catherine Smith of Behavioral Health Solutions described growing behavioral health needs in nursing homes, the role of expanded behavioral supports programs, and credentialing delays that slow hiring. No votes were taken; the panel was informational only.
The second agenda item was an overview of the palliative care benefit work group report required by 2024 legislation. Nico Jansen of the Office of the Insurance Commissioner explained that the work group, convened with the Health Care Authority, studied a potential palliative care benefit for fully insured commercial plans and also Medicaid, PEBB, and SEBB. He said palliative care is a philosophy of care focused on symptom management, coordination, and support for serious illness, and is distinct from hospice because it can be provided alongside curative treatment. The actuarial analysis concluded that creating a new benefit would likely increase costs, estimating about a 28-cent per member per month increase overall and roughly $2.6 million to $4.5 million in annual state Medicaid costs if implemented in 2027. Jansen said the consultants did not find sufficient evidence to assume savings from avoided hospitalizations or long-term care, though several work group members disagreed and submitted response letters. Senators asked about other states, Medicare, health homes, and whether more research could clarify cost savings; OIC said some states, including Hawaii, are moving ahead with Medicaid palliative care benefits, Medicare covers some related services but not in the same way, and further evidence may emerge over time. OIC did not take a position on whether the Legislature should create the benefit.
The final presentation covered health care price transparency tools in Washington and federally. Evan Klein and HCA Chief Data Officer Vishal Chaudry reviewed federal hospital and health plan transparency rules, the state all-payer claims database, prescription drug price transparency, the Health Care Cost Transparency Board, the Prescription Drug Affordability Board, and other reporting systems. They explained that the APCD contains claims from fully insured commercial plans, Medicaid, and public employee programs, but not self-insured employer data except for limited voluntary submissions. They also described how machine-readable files, consumer price tools, and aggregated dashboards are used, and noted that data limitations, delays, and complexity remain significant. Senators asked about voluntary self-insured participation, the role of AI in making data more usable, and whether transparency can really help consumers given access barriers and medical debt. HCA said AI is increasingly used by private entities to mine large transparency datasets, but state agencies still face limits in data access and analytic capacity. The committee did not take action; the session was informational and ended with a discussion of how transparency data might better inform policy and purchasing decisions in the future.
HI
Hawaii 2026 Regular Session
EDN Public Hearing - Thu Feb 19, 2026 @ 2:00 PM HST
Transcript Highlights:
- uh where the salary was set 10-year gap uh where the salary was set and<01:36:48.800>
that <01 - Regarding the concept of assumption of risk, there is a gap in terms of what the current language in
- assumption of risk, um, there is a a gap assumption of risk, um, there is a a gap in<01:43:07.679
- committee on finance consideration and it<02:19:44.080>
already <02:19:44.319>has <02:19 - to take a look at Department of Finance to take a look at some<02:21:19.200>
of <02:21:19.280>
Summary:
The committee heard testimony on HB 2485, which would require cardiovascular screening for student athletes. The Department of Education and Department of Health said they support the bill’s intent but noted that many screenings are already part of existing school-entry and well-child exams. The Attorney General’s office asked for clarifying language on who performs the screenings, where results go, how “positive findings” are defined, how referrals would work, and whether funding would be appropriated if DOE must hire health professionals. The American Heart Association strongly supported the bill, citing the risk of sudden cardiac arrest in young athletes and arguing that sports physicals are an effective opportunity for early detection. No vote was taken, and the committee moved on after testimony.
The committee then heard HB 89, concerning a school psychologist working group and possible licensing or credentialing of school psychologists. The Department of Education and Board of Psychology supported the measure. The Hawaii Psychological Association said it supports licensing school psychologists but asked to be included in the working group, arguing it is an important stakeholder. The Hawaii Association of School Psychologists opposed including HPA, saying the issue is between school psychologists and DCCA and that HPA is not part of their organization. Testimony and discussion focused on the long-running disagreement over whether school psychologists should be regulated under the Board of Psychology or another mechanism, and on title protection and scope of practice. No action was reported during this portion.
The committee also took up HB 2445, relating to standardized emergency responses for immigration enforcement at or near schools. The Department of Education said it already issued internal law-enforcement guidance and questioned whether the bill was necessary, while also raising concerns about the bill’s 1,000-foot buffer language and the limits of school authority over activity off campus. The Board of Education echoed those concerns and suggested the bill may need clearer definitions. Supporters, including the White Coalition for Immigrant Rights, the Legal Clinic, and an attorney testifying on Know Your Rights training, argued that recent federal changes have increased ICE activity near schools and that a law is needed to ensure clear, public protocols, staff training, and family protections. A student testifier said the measure was a top priority of the state student council. The transcript ends during testimony, with no vote or final committee action shown.
MN
Minnesota 2025-2026 Regular Session
Committee on Judiciary and Public Safety - 03/26/25
Judiciary and Public Safety
Transcript Highlights:
- These gaps in services don't just impact individuals on probation; they create a ripple effect across
- These gaps in services don't just impact individuals on probation; they create a ripple effect across
- These gaps in services don't just impact individuals on probation; they create a ripple effect across
- These gaps in services don't just impact individuals on probation; they create a ripple effect across
- These gaps in services don't just impact individuals on probation; they create a ripple effect across
HI
Hawaii 2025 Regular Session
CPN, CPN DEFER Public Hearings 01-31-2025
Transcript Highlights:
- <00:36:14.599>
offering finance offering finance offering comments<00:36:17.319>Lynn <00 - What I do is I send it to the CPs Finance because we don't finance, right?
- I do know there is a project that is looking for financing.
- What I do is I send it to the CPs Finance because we don't finance, right?
- What you know, I've been kind of critical of you know... finance years have the same concerns if finance
Summary:
The committee opened by outlining hearing procedures, including a two-minute limit for live testimony, a request not to repeat written testimony, and a reminder about decorum. The first bill heard was SB 697, which would create a nonrefundable individual income tax credit for expenses to retrofit residences with wind-resistive devices. The Insurance Division said it supported the concept but noted it may need an appropriation or outside expertise to develop certification standards, while the Department of Taxation said the bill should retain a third-party certification requirement if the Insurance Division cannot administer the credit. The Hawaii Insurers Council supported the bill, and the Tax Foundation suggested a subsidy-style program would be more efficient than a tax credit and criticized the bill’s 100% credit structure. A testifier in support argued the measure would help homeowners fortify houses against hurricanes and reduce shelter demand; written testimony from several others, including HIEMA, was noted as supportive.
The committee then moved through SB 76, which would require the Hawaii Property Insurance Association to provide commercial property coverage after two private-market denials, and SB 83, which would require insurers to give advance written premium-change notices and explanations to common-interest community policyholders and the insurance commissioner, along with a report on premium increases. For SB 76, the State Insurance Division stood on its written comments, and testimony in support came from Michael Honda, the National Association of Mutual Insurance Companies, and Jessica Herzog. SB 83 drew more extensive discussion: the Insurance Division supported the need for better transparency, while the Hawaii Insurers Council opposed the bill, arguing that agents—not insurers—typically communicate with AOAO boards and that the measure could worsen an already difficult market. Insurance Division staff acknowledged widespread complaints from condo associations about lack of transparency and said the division had received many calls about premium increases and nonrenewals.
The discussion on SB 83 expanded into broader concerns about condo insurance, nonrenewals, surplus lines, and the difficulty of getting timely explanations for large premium increases. Committee members and testifiers described older buildings struggling to fund repairs and upgrades while facing steep insurance costs, and some urged the committee to craft baseline statutory protections for unit owners. The Insurance Division said surplus lines serve a critical gap-filling role and warned against regulating that market in a way that could slow access to coverage. No votes or final committee actions were taken in the portion of the meeting provided.
NM
New Mexico 2025 Regular Session
IC - Economic and Rural Development Aug 11th, 2025
Economic & Rural Development & Policy Committee
Transcript Highlights:
- It kind of fills in the gaps and adds that new level targeted for foreign direct investment.
- We have, as you mentioned, the highest number of PhDs, all of our labs, but there is a huge gap between
- And the Bureau of Geology was responsible for identifying data gaps and research needs for geothermal
- Look at what the coverage is and then figure out how best to fill those data gaps.
- effort at the Bureau of Geology is helping to fill those gaps very quickly.
CA
California 2025-2026 Regular Session
Assembly Higher Education Committee Jun 24th, 2025
Transcript Highlights:
- So we're going to have to take a look at the overall financing of the Bureau.
- This gap remains a major barrier. $10,000 for basic living costs annually.
- For some, it might be a warm... ...or fill the gap on the room they're trying to rent.
- Adult education and skills programs are uniquely positioned to address these gaps.
- Adult education and skills programs are uniquely positioned to address these gaps.
Summary:
The committee heard several higher education bills. It first approved the consent calendar, which included SB 67 and SB 619. The main discussion centered on SB 437, which would direct the CSU system to develop a fair, evidence-based process for verifying whether someone is a descendant of a person enslaved in the United States, as part of the state’s reparations work. Supporters said the bill fills a gap left by the Reparations Task Force and would create a transparent, credible lineage-verification process; opponents argued genealogy methods already exist, the bill would waste money and delay action, and some raised constitutional concerns. The committee took a vote on SB 437, but the roll was left open after the initial tally showed three ayes and three noes.
The committee then heard SB 790, which would allow California to join the interstate reciprocity agreement for online postsecondary education. The author and supporters said the bill would improve consumer protections for California students taking out-of-state online courses and help California institutions compete more effectively by reducing the burden of seeking separate state approvals. Opponents, including University of Phoenix and other groups, argued the bill conflicted with the existing reciprocity framework, could exclude some institutions, and might not actually secure California’s entry into the agreement. The committee voted 3-1 to pass SB 790 as amended to the Business and Professions Committee, with the roll left open.
The committee also heard SB 391, which would authorize the Community College Chancellor’s Office to charge fees for research partners seeking access to data. Supporters said the office is absorbing significant unfunded workload from data requests and that fees would help recover costs; opponents, including the California Teachers Association community college association, warned the fees could create barriers for faculty and smaller researchers. Members discussed possible exemptions and implementation details. The committee voted 5-1 to pass SB 391 as amended to the Appropriations Committee, with the roll left open. Finally, the committee heard SB 685, a pilot program to provide cost-of-attendance assistance at four CSU campuses for students who experienced homelessness in high school. Supporters said it would help students cover housing, food, and transportation costs and reduce dropout risk; members asked about eligibility and implementation, and the author explained the bill would use McKinney-Vento homelessness designations and target students at risk of “summer melt” and college homelessness.
TX
Transcript Highlights:
- So we have gaps that continue to exist.
- We do still see gaps primarily at the consumer level, and another We do still see gaps primarily at the
- The access gaps here are not an abstraction.
- How did they fill in those gaps?
- ; occupational therapists, with a gap exceeding 1,700; speech language pathologists, with a gap exceeding
MN
Minnesota 2025-2026 Regular Session
Legislative Commission on Pensions and Retirement - 04/14/26
Minnesota Senate Floor Meeting
Transcript Highlights:
- Senate File 4464 addresses this gap, ensuring that a service-connected injury does not trigger the loss
- It simply corrects a specific gap in the continued health insurance coverage by restoring that benefit
- , Senate File 4464 addresses this gap, Senate File 4464 addresses this gap, this<00:02:36.160>
- gap,<00:02:36.560>
ensuring <00:02:37.800>that <00:02:38.080>a this gap, ensuring - ,<02:14:46.920>
but State Gov for review and Finance, but State Gov for review and Finance
Summary:
The Legislative Commission on Pensions and Retirement met on April 14, 2026, adopted the April 7 minutes, and then took up Senate File 4464, which the chair said would be laid over after hearing testimony. The bill would restore continued health insurance coverage for police officers and firefighters in the PERA Police and Fire Fund who suffer documented physical duty-related injuries, addressing the current 5-year cap and the loss of coverage at normal retirement eligibility. Senator Hal Hoffman and Senator Hoffman’s testimony emphasized that the bill is a narrow fix for injured public safety workers and not a broader restructuring of retirement benefits.
Supporters, including Mike Ladue of Law Enforcement Labor Services, several injured officers, Sheriff Ryan Kruger, and Amber Waldner, described the personal and family impacts of severe line-of-duty injuries and argued that coverage should continue to age 65 so families are not left with uncertainty if injuries worsen or force medical retirement. They said the bill would honor the promise made to public safety workers and provide stability for long-term care needs. One witness, Officer Albert, said the 2025 changes significantly reduced the protection he believed he and his family would have if his injury forced retirement.
Anne Finn of the League of Minnesota Cities opposed the bill as drafted, warning that restoring coverage to age 65 for all physical injuries would be fiscally unsustainable without additional state funding. She said the 2025 pension changes were part of a negotiated package, noted that duty disability retirements are common, and argued the employer cost could reach about $500,000 per employee and create significant property tax pressure, especially for smaller communities. She urged the committee to work on a broader solution and said revisiting only one part of the 2025 law would create imbalance.
ND
North Dakota 2026 1st Special Session
Tax Reform and Relief Advisory Committee Jun 23rd, 2026 at 10:00 am
Tax Reform and Relief Advisory Committee
Transcript Highlights:
- School finance officer with the Department of Public Instruction, here to go over some of the gap funding
- So in 2025-26, we had 33 school districts that applied for gap funding.
- There is no gap to fill.
- So in 25, 26, we had 33 school districts that applied for gap funding.
- There is no gap to fill.
NM
Transcript Highlights:
- Our public school finance for the LESC. Thank you, Mr. Chair.
- The Public School Finance Act allows the legislature to set a single statewide amount for public school
- In Sections 5, 6, and 7 on the next page, you'll see the little gap there.
- things we talked about and all the sheets that you might see, especially if you're tracking In the finance
- The Finance Committee and then the Legislative Education Study Committee recommendations.
MN
Minnesota 2025-2026 Regular Session
Minnesota House Republican school safety package stalls in committee 4/14/26
Transcript Highlights:
- For our district alone, that's a gap of $100,000.
- The author told us that this is a finance committee.
- And so, you know, if we're going to be an education finance committee, how are we financing these ideas
- And so, you know, if we're going to be an education finance committee, how are we financing these ideas
- of solutions that are going to finance of solutions that are going to finance the<00:54:54.000><
Summary:
The committee heard House File 3493, the Safe Schools Revenue Increase bill, and first adopted the DE amendment before moving the bill on for re-referral to Ways and Means. Representative Lawrence described the bill as a multi-layered school safety package for all students and schools, including public, nonpublic, charter, and tribal schools, with increased safety funding, mental health support, anonymous threat reporting, school safety plans, and student discipline changes. Several supporters emphasized the need for flexible safety funding and cited real-world safety concerns, including anonymous tip systems that had generated many reports, classroom evacuations, staff injuries, and the need for more resources for mental health and safety infrastructure. Some supporters, including charter school leaders and Catholic Conference testimony, argued the bill’s flexibility and broader safety approach were important, while others supported the K-3 suspension language as a needed tool in severe cases.
Opponents focused heavily on the bill’s repeal of Minnesota’s K-3 suspension ban and non-exclusionary discipline requirements. Legal aid, disability advocates, and education groups argued that suspensions harm young children, worsen disparities, and disproportionately affect students of color and students with disabilities, and they urged the committee to keep restorative and non-exclusionary practices in place. Disability advocates also asked that any safety planning explicitly account for students with disabilities and that the bill remain aligned with IDEA protections and individualized education decisions. Several testifiers opposed using public funds for private schools, saying public money should stay in public programs.
Other testimony came from school administrators and staff who supported restoring limited suspension discretion, describing serious elementary incidents, classroom evacuations, and injuries that they said required a short-term removal option to stabilize classrooms and plan for students’ return. Mental health and school support personnel witnesses stressed that safety and mental health funding should remain distinct and that more counselors, social workers, and related staff are needed to address student crises. No final vote on the bill itself was taken in the portion provided beyond adoption of the DE amendment and the motion to re-refer the bill.
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Tuesday, March 24, 2026)
US Federal House Floor Meeting
Transcript Highlights:
- so much money, they are able to finance so much money, they are able to finance a<00:22:33.360><
- to recommend alternative financing to recommend alternative financing solutions<03:54:17.840>
- We have always stood in the gaps.
- We have always stood in the gaps.
- <07:56:38.160>
that which was created to fill gaps that which was created to fill gaps that
MS
Mississippi 2026 Regular Session
Appropriations - Room 216, 28 January, 2026; 8:15 AM
Appropriations
Transcript Highlights:
- Our request this year is going to top that off and kind of address some of the gaps we had from last
- >> Uh, well, we're currently right around 165, 170 field pins and we're working to close that gap between
- She's our deputy executive director for finance and administration.
- deputy executive director for finance deputy executive director for finance and<00:43:20.960>
- That's our finance division, our maintenance, our HR, administrative services—everything that basically
Summary:
The committee heard a budget presentation from the Mississippi Development Authority (MDA), including its consolidated tourism and agency request. MDA said it has had strong recent results, citing about $65 billion in capital investment since 2020, roughly 25,000 jobs, record tourism, clean audits, and oversubscribed incentive programs. For FY27, the agency requested $26.4 million in general funds, level special-fund operating support, restoration of eight pins reduced in the LBR process, and several general-fund increases for a career ladder, a new HR system, training, and operating costs. MDA also discussed a $1.25 million request for America 250 activities, including a Mississippi event and participation in the National Mall “Great America State Fair,” plus an energy accelerator program tied to the governor’s energy initiative and a broader three-tier energy preparedness strategy.
MDA also explained its incentive refill requests, saying it was not seeking additional funding for the ACE grant program this year and had shifted that support toward the governor’s port/rail/road investment fund and energy-ready sites. The agency highlighted a renewed request to restart funding for the small municipal and limited population counties grant program, which it said had previously helped smaller communities with water, sewer, downtown, and other projects. On tourism, MDA presented a breakout showing what the budget would look like if tourism were separated into its own department; officials said the current tourism budget within MDA is about $5.7 million in general funds and $7.9 million total, and estimated about $1.3 million in additional cost would be needed to stand up a separate tourism agency.
A significant portion of the discussion focused on criticism from Senator Wiggins that MDA has not delivered enough economic development for the Mississippi Gulf Coast. He argued that constituents believe MDA does little for the coast and objected to the agency’s role in the GCRF and coastal projects, saying the coast has not seen meaningful results in years. MDA officials responded that complaints about uneven distribution are common across the state, that MDA works with local economic development partners rather than dictating project locations, and that it has helped support major coastal projects such as Relativity Space, Lockheed Martin expansions, PCC Gulf Chem, BWC Terminals, and AWS. The exchange also touched on the Port of Pascagoula and local leadership disputes, with both sides disagreeing over whether the port and the coast have been adequately supported. No votes or formal actions were taken in the excerpt.
CA
California 2025-2026 Regular Session
Senate Floor Session May 19th, 2026
California Senate Floor Meeting
Transcript Highlights:
- At its core, SB 1049 addresses a gap in current law by ensuring providers have a meaningful opportunity
- SB 1067 ensures California takes a proactive approach to identifying math learning gaps early.
- California takes a proactive approach to identifying math learning gaps early by requiring early math
- Senate Bill 959 by Senator Grayson, relating to education finance and declaring the urgency thereof to
- SB 959 closes this gap by explicitly authorizing local fire agencies to determine an imminent safety
MN
Minnesota 2025-2026 Regular Session
Housing panel approves HF2140 3/12/25
Minnesota House Floor Meeting
Transcript Highlights:
- File 2140, and I make the motion that House File 2140 be re-referred to the Committee on Elections Finance
- If you look to slide six, I think this really is where you can see clearly the housing gap.
- That's where that gap is coming from.
- That's where that gap is coming from.
- That's where that gap is coming from.
MN
Minnesota 2025-2026 Regular Session
Hied Committee Meeting - 2025-03-27
Higher Education Finance and Policy
Transcript Highlights:
- I call the House Higher Education Finance and Policy Committee to order.
- I'm the Vice President of Finance and Treasury for CentraCare. Thank you for having us.
- President of Finance and Treasury for CentraCare. Thank you for having us.
- Rural Health Academic Affiliation Finance Subcommittee.
- If we can't, then we take it to the finance subcommittee with the other two members.
NH
New Hampshire 2025 Regular Session
House Finance Division I (03/05/2025)
Transcript Highlights:
- So there's no gap this afternoon, no times for one running right.
- Um, majority accepted by a voice vote on February 20th and then referred to Finance.
- Unlike the other bills that we're dealing with, this Finance is a first committee bill.
- “Will this have to go to a vote by the entire Finance Committee?” “Oh yeah.
- And as I certainly don't have to tell Finance, the cost of things go up.
Summary:
The committee took up House Bill 2 retirement provisions, focusing on Group Two/Tier B changes in pages 25-39. Jan Goodwin of the New Hampshire Retirement System and deputy chief counsel Mark Kavanaugh explained that the 2025 bill is largely similar to prior versions, but it restores certain pre-2011 benefit rules for Tier B members, including changes to average final compensation and earnable compensation, and it also addresses the annuity multiplier for years of service. Members discussed the tier structure, with Tier A referring to vested members, Tier B to those hired before 11/1/12 who were not vested, and Tier C to later hires. Several members expressed concern that the bill’s purpose was to restore Tier B benefits, not to change Tier A rules or create broader changes affecting newer hires.
The retirement system flagged two likely drafting problems. First, it said a provision appears to omit a special-duty/earnable-compensation limitation in the Group Two section, which they believed was a scrivener’s error caused by moving language out of the Group One definition without adding it back for Group Two. Second, they noted the bill’s multiplier language overlaps with changes already enacted in HB 1647, which increased the multiplier for service beyond 15 years for Group Two and carried an estimated $26 million cost. The committee discussed that HB 1647 was originally broader in the House, but the Senate narrowed it to Tier B only.
The actuary’s comparison of the 2023 and 2025 HB 2 versions showed the bills are close, but the 2025 version differs in funding and timing. Staff said the 2025 bill appropriates $2.5 million more per year for 10 years, and that, together with updated actuarial assumptions and a larger share of the affected tier having already retired or otherwise left service, results in a larger reduction in unfunded liability than the 2023 bill: about $98.2 million versus $68.5 million. Employer contribution impacts were described as small overall, though the 2025 bill was said to be somewhat more favorable than the 2023 version. Members also questioned why House Bill 1 only funds $5 million in the first year, and staff said that was tied to the governor’s revenue estimate and that the full funding does not begin immediately. No votes were taken in the portion provided; the committee mainly received testimony, asked clarifying questions, and noted that some issues would be addressed in the fiscal note worksheet.
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 4 on Climate Crisis, Resources, Energy, and Transportation Apr 29th, 2026
Transcript Highlights:
- David, I'm not the Department of Finance. It's not the Department of Finance. It's from the PUC.
- Aaron Carson, Department of Finance.
- And so if the state provides the financing, a part of that financing, because these projects can be in
- Department of Finance. Thank you. Department of Finance? Nothing to add.
- Department of Finance. David Evans, Department of Finance.