Transcript Highlights:

• a zero-income... ...towards, if approved by the voters, a zero-income tax, would we not want our revenue
• to be, once we meet a cap on any department, would we not want that revenue to go back into the general
• revenue to support the efforts if the people pass the H.J.R. 173?
• This bill talks about it remaining within that fund rather than going back to general revenue.
• That this would not, that general, that funding would not go back in general revenue. Yes. Okay.

Summary: The Agriculture Committee met, established a quorum, and went into executive session to consider Senate Substitute for Senate Bill 1033. The discussion focused on a provision directing that any natural resource protection fund money above a set cap would remain in that fund rather than revert to general revenue. Representative Whaley questioned whether, in light of possible future zero-income-tax efforts, excess funds should instead be returned to general revenue; the response was that keeping the money in the fund would prevent budget sweeps and preserve resources for the program. After discussion, the committee voted on the motion to recommend the bill do pass. The motion passed with 19 ayes and 1 no, and Senate Substitute for Senate Bill 1033 was reported do pass. The committee then adjourned.

Transcript Highlights:

• <00:33:00.440> so shows $121 million of tax revenue so shows $121 million of tax revenue so
• none of the 39 increasing state revenue none of the 39 States<00:54:43.680> plus<00:54:44.040
• a panacea, because sports betting does not necessarily generate that much revenue.
• this is going to bring in a lot of revenues.
• The way the bill is written would be on the adjusted gross revenue.

Keywords: 912, senate, all

Summary: The committee heard several measures on agriculture, energy, stadium governance, and hotel consumer protections. On SB 448 relating to agriculture, Agra Business Development Corporation and the Hawaii Farm Bureau testified in support of a proposed conservation easement acquisition in Central Oahu; the chair asked follow-up questions about the exact location, cost, and agricultural potential of the land, and the witness said the parcel had good soil and water and was former pineapple land, with cost still to be provided. On SB 827 relating to meat processing, the Department of Economic Development and Tourism said the state needs more meat-processing capacity and that any grant program should complement, not compete with, existing efforts; the Attorney General’s office warned the bill lacked legally sufficient standards for grants of public money under the state constitution and offered draft standards. Several industry and chamber witnesses supported the measure, while discussion focused on the need for brick-and-mortar or modular facilities, infrastructure costs, federal inspection needs, and access for hunters and neighbor islands. The committee then took up SB 1269 relating to geothermal resources, which drew broad support from county officials, energy consultants, utility representatives, and community advocates, with one witness opposing it. Supporters described geothermal as a viable, indigenous, firm baseload energy source that could help reduce Hawaii’s high electricity costs and support clean energy goals; one witness emphasized prior work in New Zealand and another urged the state to move forward with exploration. A DBEDT representative explained that the department is coordinating geothermal-related work with the Hawaii Technology Development Corp., the University of Hawaii, and the Hawaii State Energy Office, noting a prior $3 million appropriation, phase-one community engagement work, and plans to seek a contractor for geoscience and exploration in phase two. Members pressed DBEDT to explain how this bill fits with other geothermal measures moving through different committees, and the chair asked the department to review SB 993 and better coordinate the package of geothermal bills. On SB 1337 relating to the Stadium Authority, the stadium manager testified in support of clarifying quorum rules, explaining that the authority currently has eight seated voting members out of nine possible voting seats and that the bill would help ensure voting members are counted for quorum; he said meetings have not been delayed. Finally, on SB 883 relating to hotels, the Attorney General’s office raised First Amendment and contract-law concerns and recommended adding a purpose statement and a non-impairment savings clause. Unite Here Local 5 and other supporters said guests should be notified of hotel service disruptions such as construction, closures, or labor disputes, while opponents questioned who would enforce the law, what penalties would apply, and whether the measure could require hotels to pay damages even without a complaint. No votes or final committee actions were taken in the portion of the hearing provided.

Transcript Highlights:

• The partnership is made up of five different entities: the Department of Commerce, Department of Revenue
• tax revenue tax revenue um<00:13:11.839> from<00:13:12.199> state<00:13:12.560>
• We are working with Revenue to develop and draft a data-sharing agreement, and we're pretty confident
• I'm an assistant commissioner at the Department of Revenue.
• <00:35:08.800> has work that the Department of Revenue has work that the Department of Revenue

Keywords: 1183, house

Transcript Highlights:

• GASB requires these revenues to be reported as non-operating revenue, even though they are used for operating
• Within the methodology area, we perform revenue analytics to ensure...
• recognition. ...to an account that was subject to their revenue recognition.
• Below is a summary of the new activity and revenues those projects have generated.
• Below is a summary of the new activity and revenues those projects have generated.

Summary: The committee met to receive a series of audit presentations, beginning with the statewide Annual Comprehensive Financial Report (ACFR) for fiscal year 2025. The State Auditor’s Office and OMB reported a clean, unmodified opinion for the state, with strong financial results including a $40.6 billion net position, $30.99 billion in assets, $1.81 billion in liabilities, and continued Legacy Fund growth. OMB also explained the new GASB 101 compensated-absences reporting change and discussed pension-liability fluctuations tied to discount-rate assumptions and investment performance. Members asked about how the state compares to others and about the effect of short-term commodity price swings, and OMB said the report reflects actual fiscal-year results rather than forecasts. The committee then heard the University System audit, which also received a clean opinion but included four findings: misreporting of Strategic Investment and Improvements Fund revenue, insufficient monitoring of service organizations at CTS, NDSU, and UND, improper bank reconciliations at Dakota College of Bottineau, Dickinson State, and Williston State, and investment/cash reconciliation problems at Bismarck State College related to bond proceeds. University officials agreed with the findings and said corrective actions were underway, including internal review of bank reconciliations. Members raised questions about NDSU’s use of certificates of deposit, and university staff explained that CDs are used to earn interest on funds being accumulated for future projects. Several other audits were presented, most with clean opinions and no findings, including the State Auditor’s Office, Workforce Safety and Insurance, Housing Finance Agency, Housing Incentive Fund, Job Service North Dakota, the Retirement and Investment Office, PERS, the Center for Distance Education, the Commission on Legal Counsel for Indigents, the Ethics Commission, and the Office of Administrative Hearings. Notable exceptions included a State Fair Association audit with an adverse opinion on the foundation component unit because its financial statements were not available for audit, and a Securities Department performance audit finding that performance-based pay increases and bonuses were issued without required evaluations. The committee also discussed the State Auditor’s future needs, including more staff capacity, data analytics, cybersecurity reviews, possible subpoena authority, independent legal counsel, and whether some audits—such as the Ethics Commission and State Fair—should be handled by independent third parties or under different statutory arrangements.

Transcript Highlights:

• those revenues in the general revenue fund.
• There's no fiscal impact on state revenues.
• those revenues in the general revenue fund.
• There's no fiscal impact on state revenues.
• in the general revenue fund.

Summary: The House convened with prayer, the Pledge of Allegiance, and a quorum present, then adopted the special order report and moved into a series of budget-related bills. The chamber first took up HB 5011/SB 2506 on environmental resource management and natural resources funding, where Democrats argued the bill would reduce recurring support for the Resilient Florida program, the Florida Wildlife Corridor, invasive species removal, and other conservation efforts. Supporters said the change would shift money from recurring to nonrecurring funding so the Legislature could reassess priorities each year and rely more on private-sector stewardship. After a strike-all amendment and conference posture change, SB 2506 passed 97-12. HB 5013, reducing state-funded property reinsurance reserves, passed 108-0, and HB 5501, redirecting documentary stamp tax distributions from housing and transportation trust funds into general revenue, passed 82-26 after extended debate over its impact on affordable housing and transportation funding. The House also passed HB 5015 on state group insurance, which requires DMS to develop a formulary management system and was described as producing significant savings; members raised concerns about prescription access and implementation, but the bill passed 109-0. HB 5201 on state financial accounting and HB 5203 on the Capitol Center both passed unanimously, as did HB 5009, which creates a Florida Accountability Office and reorganizes audit functions. The chamber then passed HB 7031, a major sales tax reduction bill lowering the state sales tax rate and several related rates; supporters framed it as permanent relief for all Floridians, while opponents said property tax relief would be more meaningful and that the sales tax cut would also benefit tourists and out-of-state visitors. HB 7031 passed 112-0. The House then began consideration of HB 501, the proposed fiscal year 2025-26 budget, totaling $112.9 billion and emphasizing reduced recurring spending and large reserves. Subcommittee chairs outlined their budget silos: K-12 education at $20.6 billion with teacher raises, school hardening, literacy, transportation stipends, and security funding for Jewish day schools; health care at $47 billion with full Medicaid and KidCare funding, opioid settlement spending, mental health beds, and senior services; transportation/economic development at $18.5 billion; agriculture and natural resources at $5.8 billion with reduced Everglades spending but continued water, resiliency, and land management funding; higher education at $8.7 billion; state administration at $2.9 billion; justice at $7.3 billion; and IT at $529 million for Florida PALM, FX, and other systems. Members then began questioning the K-12 budget, focusing on FEFP funding, proration, voucher growth, stabilization dollars, mental health and school safety funding, and whether districts would be held harmless under the proposed allocations.

Transcript Highlights:

• Additionally, reducing the LLC filing fee will result in extreme loss of revenue.
• Reducing the LLC filing fee will result in extreme loss of revenue to the Commonwealth.
• In 2025 alone, over 48,000 LLCs formed, generating over $24 million in revenue just in filing fees.
• Further reducing the annual report fee would lead to further revenue loss.
• They can have a source of two revenues: their revenue source can be the product that they make and also

Keywords: 995, all

Summary: The committee held a hearing on Governor Healey’s economic development proposal, H. 5386, also referred to as the Mass Winds Act, focused on global investment, talent, innovation, housing, and business competitiveness. Governor Healey, Secretary of Economic Development Eric Paley, and Secretary of Administration and Finance Matt Gorzkowicz described the bill as a response to federal uncertainty and global competition, building on the 2024 Mass Leads Act. They highlighted proposed investments in a Global Mass initiative, including a $50 million innovation access fund and $20 million for sites to help international companies locate or expand in Massachusetts, along with support for AI, quantum, robotics, defense innovation, climate tech, downtown revitalization, and creative/cultural economy projects. They also emphasized measures to lower business costs, including reducing the LLC filing fee, expanding the small business energy tax exemption, and streamlining housing and development rules. Committee members questioned the administration about non-compete reform, AI and data-center infrastructure, housing affordability, and whether the bill would help retain workers and companies in Massachusetts. The governor and secretaries argued that the non-compete changes would restore the original compromise by requiring any alternative to garden leave to be negotiated at separation, and they said the bill’s housing and workforce provisions are intended to help young workers stay in the state. They also said Massachusetts is already investing in AI training, an AI hub, and energy-related planning, while acknowledging that data-center growth will require careful attention to water, electricity, and ratepayer impacts. Several witnesses testified on specific sections. Northeastern University supported the internship tax credit, saying experiential learning helps students gain jobs and remain in Massachusetts. The Latino Empowerment Advisory Council supported the waiver of redundant English testing for internationally trained nurses, saying it would speed entry into the workforce without lowering clinical standards. Russell Beck opposed the non-compete changes, arguing they would undermine the 2018 compromise and could reduce other forms of employee compensation. The Secretary of the Commonwealth’s office opposed the LLC fee reduction, citing revenue loss and fraud concerns. Municipal and regional groups, including the MMA and the Metro Mayors Coalition, supported site plan review codification and downtown/arts investments, while urging continued municipal input. The AFL-CIO asked for trigger language to preserve labor protections if federal law changes, and business and industry witnesses generally supported the bill’s competitiveness and global investment provisions. No votes were taken; the hearing was informational, with written testimony invited after the meeting.

Transcript Highlights:

• are repaid from project revenues. are repaid from project revenues.
• It's critical revenue really need it.
• 16.480> to need durable revenue options to need durable revenue options to strengthen<00:54:16.960
• projected to generate state revenues. projected to generate state revenues.
• If not, Vice Chair, please take the vote. revenue bond amount of 40,000 for revenue bond amount of 40,000

Keywords: 910, house, all

Summary: The joint hearing covered several bills focused on economic development, tourism, business climate, and related policy areas. On HB 1943, which would support a DBEDT office in Korea, DBEDT and the Retail Merchants of Hawaii testified in support, emphasizing Korea’s importance as a market for investment, trade, and tourism and the value of helping small and midsize Hawaii businesses access Asian markets. A later witness also tied the proposal to broader free-trade and APEC-related goals. The committees heard no opposition on that measure. The committees then heard HB 1612 and HB 1614, both supported by multiple organizations and agencies. Testimony for HB 1612 stressed Hawaii’s weak business climate and the need for policies that improve economic growth and competitiveness; the Hulamua Collaborative cited survey results showing only 19% of respondents viewed Hawaii as a good place to do business. HB 1614 also drew support, with HTC saying its focus is on economic growth. For HB 1968 and HB 1967, the Office of Planning and Sustainable Development, the University of Hawaii, the Chamber of Commerce, and Hulamua Collaborative largely stood on written testimony in support; the hearing notes reported nine supporters and one opponent on HB 1968, and seven supporters with one comment on HB 1967. A substantial portion of the hearing focused on HB 1589, a bill to create dementia training and recognition for businesses. Testifiers included a private citizen sharing a personal family story, the Alzheimer’s Association, and DBEDT. Supporters said the measure would help families affected by dementia, reduce stigma, and make businesses more dementia-friendly. DBEDT said the issue would be better handled by an agency with dementia expertise, while the Alzheimer’s Association said it could provide training at no cost and suggested amendments to shift implementation toward the Executive Office on Aging and to use the term “dementia business champion.” The final major topic was HB 1608, involving a space-related project and financing. Phoenix Space testified that the bill would help launch responsive space access operations at Hilo International Airport, create local jobs, and support partnerships with Hawaii institutions, while another supporter said the project could diversify the economy. A committee member raised a timing concern, noting bond cap capacity was already allocated through 2028, and the witness said they were willing to work on a solution. The hearing also included HB 1850 on capital gains taxation, where supporters argued the bill would make the tax system fairer by increasing taxes on investment income, while the Chamber of Commerce opposed it. No votes or final committee actions were taken during the hearing.

Transcript Highlights:

• Recommendations include $76.5 million in general revenue and $82 million in all funds to biennialize
• Recommendations for all forecasted programs total 0.9. 1.5 million in general revenue and 11.3 million
• Item 10, the very top, general revenue dedicated account 5111.
• Funding is provided for 5111 through revenue from state traffic fines, fines for DW.
• We're requesting $29 million in general revenue fund and $68 million in all funds per year.

Keywords: 1184, house, all

Transcript Highlights:

• So, I mean, it's not a whole lot of revenue taken away from a municipality. Okay. Thank you.
• This deals with deficient state departments, especially, in particular, the Department of Revenue, in
• I'm Zach Wyatt, the legislative director for the Missouri Department of Revenue, and it's great to be
• I feel the Department of Revenue with serious business.
• I feel that the Department of Revenue is serious business.

Keywords: 959, house, all

Transcript Highlights:

• compared to the enacted revenues compared to the enacted budgeted<00:04:24.720> revenue<00:04
• When comparing FI25 road fund revenue When comparing FI25 road fund revenue with<00:05:06.240>
• <00:10:43.680> for formula is not growing our revenue for formula is not growing our revenue
• that particular aspect of revenue that particular aspect of revenue collections,<00:12:59.920>
• revenue uh today as we did in 2011. revenue uh today as we did in 2011.

Keywords: This meeting was recovered from a back up copy and uploaded after the original meeting took place., 958, all

Summary: The committee received an update from the Kentucky Transportation Cabinet on the FY 2025 road fund. Officials reported road fund revenues came in $38.5 million above the enacted estimate, but were down about $11 million from FY 2024, largely because a motor fuels tax rate reduction took effect at the start of FY 2025. Motor vehicle usage tax receipts were stronger than expected, and the cabinet said the road fund ended the year with a $61.6 million surplus, which the budget bill directs to state highway construction. Members also discussed how the motor fuels decline affects formula distributions to cities, counties, and rural/secondary roads, with officials saying about $122.8 million had been planned for revenue sharing but was not distributed because receipts were lower than forecast. Members asked about broader revenue trends, including fuel efficiency, electric vehicles, and the removal of a hybrid fee. Cabinet officials said improved fuel efficiency and CAFE standards reduce gasoline consumption and therefore fuel tax receipts, while EVs and plug-in hybrids are subject to a user fee. They also said toll revenues from the Louisville bridges are covering bills and commitments, though they did not have detailed figures at hand. On project delivery, officials said delays are often caused by right-of-way acquisition, utility relocation, and the large volume of projects in the highway plan, and that much of the work happens behind the scenes before construction begins. The committee also reviewed the cabinet’s cash management approach, which was adopted after 2000 to avoid setting aside full project costs all at once and to keep the road fund cash balance above a required minimum. Officials said the balance typically rises in winter and falls in summer as project bills come due, and that the current balance was about $166 million. They also reported that project awards for the year were nearing $998 million and expected to exceed last year’s total. No formal votes or legislative actions were taken beyond approving the prior meeting minutes.

Transcript Highlights:

• We’re saying hospitals rely on revenue, and the federally qualified health centers rely on this revenue
• They’ve not been able to use that revenue and have lost access to that revenue over the last few years
• > not Centers relying this Revenue they've not Centers relying this Revenue they've not been<00
• cost of care these types of Revenue cost of care these types of Revenue stream<00:47:51.960>
• constantly go back and fix the statutes to include the new revenues.

Keywords: 910, house, all

Summary: The joint hearing covered HB 553 on biomarker testing coverage, HB 556 on colorectal cancer screening access, and later HB 712 on 340B drug pricing. For HB 553, the American Cancer Society Cancer Action Network, patient advocates Natalie Heyman and Susan Hirano, a surgical oncologist, and the American Lung Association strongly supported the bill, arguing that biomarker testing should be covered when ordered by a doctor and guided by current evidence. DHS and several insurers offered comments and requested amendments, with DHS saying it appreciated the intent but wanted changes. The committees then voted to pass HB 553 with amendments, including a House draft and a defective date of July 1, 3000; both the House Health and Human Services and Homelessness committees adopted the recommendation unanimously. For HB 556, testimony focused on closing gaps in colorectal cancer screening, especially for uninsured and underinsured patients who can get stool-based screening but then cannot access follow-up colonoscopies. Community Clinic of Maui, ACS CAN, and the American Cancer Society supported the bill, with ACS CAN urging a program similar to the breast and cervical cancer control program and offering amendments. DHS requested that the program and appropriation not conflict with executive budget priorities, and the committees noted technical amendments, a defective date, a blank appropriation amount, and corrections changing Medicare references to Medicaid. HB 556 was also passed with amendments by both committees. The hearing then moved to HB 712 on 340B drug pricing and contract pharmacies. The Department of Health and the Attorney General’s office expressed concern that the bill would require the state to regulate private commercial activity and said the department lacked the expertise and resources to implement it as written, suggesting it might belong in a different statutory section. In contrast, PhRMA opposed the bill, while Hawaii Pacific Health and Hawaii Island Community Health Center supported it, saying 340B savings are important for hospital services and patient access to low-cost medications, especially where manufacturers have restricted shipments to contract pharmacies. No vote on HB 712 was taken in the portion provided.

Transcript Highlights:

• It's supported by special revenues from criminal fees and damage settlements.
• It's supported by special revenues from fees on criminal background checks.
• It's supported by special and general revenue.
• It's supported by special revenue.
• and their revenue streams.

Keywords: 1204, all

Transcript Highlights:

• Uh, I'm here to present the House Taxation and Revenue Committee substitute for House Bill 14, which
• investment, impact production levels, and ultimately reduce the overall tax revenue.
• The league believes it's the state's obligation to collect revenues to fund services that are generally
• Bleague further believes that our tax system should generate revenue from those most able to pay.
• The revenue generated will allow the state to maintain healthy reserves, which is critical given the

Transcript Highlights:

• get drived to transportation so revenues get drived to transportation so those<00:42:27.559> of
• <00:42:40.680> comes with with uh where the revenue comes with with uh where the revenue comes
• So the current policy is 20% of state revenue in the trunk highway fund.
• According to MnDOT, because of additional federal and state revenue into the trunk highway fund, the
• Would we definitely see an impact if that revenue were not replaced.

Keywords: 1183, house

Transcript Highlights:

• The state was around 50% of revenue in leverage, and our AAA cutoff is at 100%.
• > Revenue<01:15:54.159> in<01:15:54.320> Leverage 50% of Revenue in Leverage 50%
• revenues revenues expenditures<01:16:32.560> so<01:16:32.760> we<01:16:32.960> pay<
• What's not included in this measure is University revenue bonds, certain University revenue bonds, Met
• revenue<01:33:56.040> bonds how how in revenue bonds H revenue bonds how how in revenue

Keywords: 1187, senate, all

Transcript Highlights:

• Energy at the hourly LMP as well as capacity revenues. And that revenue is going to the utility.
• to January 2024 uh this was a revenue to January 2024 uh this was a revenue offset<01:51:03.280>
• <01:55:23.840> either and revenues from the market. either and revenues from the market. either
• <01:58:39.760> from utility is receiving the revenues from utility is receiving the revenues
• revenue to reduce net metering costs. revenue to reduce net metering costs.

Keywords: 1189, house, all

Transcript Highlights:

• Yeah, the revenue, yes. That's how we...
• that's<00:19:15.919> how the revenue the revenue yes that's how the revenue the revenue yes
• fiscal year uh and of course new Revenue fiscal year uh and of course new Revenue will<00:36:35.040
• projections negative re uh huge Revenue projections negative re uh Revenue Revenue Revenue projections
• And where does that show up as revenue?

Keywords: 928, house, all

Summary: The committee first heard the Banking Department’s fiscal year 2026-2027 budget presentation from Commissioner Amelia Galeri. She described the department as a self-funded consumer protection regulator overseeing two main areas: the Banking Trust Division, which supervises state-chartered banks, credit unions, and trust companies, and the Consumer Credit Division, which oversees more than 7,000 licensees including mortgage and money transmitter businesses. She said the department’s budget is about 86% salaries and benefits, with 53 positions all filled, and explained that the agency funds itself through fees, fines, and end-of-year assessments on regulated entities. Galeri said the department is facing workload growth from several directions: continued growth in the trust industry, increased fintech supervision, and a new requirement to regularly examine auto dealers that take finance applications, which adds about 300 exams over two fiscal years. She said the department was directed to flat-fund its budget based on 2025 levels but was allowed to increase travel and training. To stay within that limit, she said the department reduced office space, went paperless, converted administrative and licensing positions into examiner positions, and expects to defund an embedded DOJ database administrator position once a new SharePoint system is fully implemented. Members asked about how the department’s revenue and assessments work, including whether fees were increasing and how much existing banks would pay. Galeri said fees are not being raised, most banks pay little or no fines, and assessments are based largely on asset size, with trust companies paying the bulk. She also explained that fines are set by statute, generally capped at $2,500 per violation for consumer credit entities, and said she would not recommend increasing that cap. The committee then voted to accept the Banking Department’s budget proposal as presented in HQ1, with a motion and second and no discussion. The transcript then moved to the Department of Energy budget. Commissioner Jared Chakin and Chief of Operations Lenny Radio discussed federal program funding, including LIHEAP fuel assistance and weatherization. They said the apparent drop in fuel assistance funding from FY 2024 actuals to the budgeted amount is due to the loss of ARPA and CARES Act supplemental funds, while weatherization remains a federally constrained program with a waiting list and limited flexibility. Members also asked about a proposed transfer from the renewable energy fund; staff said the transfer would still allow the department to carry out its statutory duties for the year, though the committee deferred deeper discussion until House Bill 2.

Transcript Highlights:

• an update on the state tax revenue an update on the state tax revenue collections<01:43:52.320><
• <01:57:39.280> estimates do follow um what the revenue estimates do follow um what the revenue
• So the changes in revenue, this is how much the revenues differed from the last time we budgeted stuff
• <03:18:07.520> over So what you'll see is the revenue over So what you'll see is the revenue
• There's some increases in revenues.

Keywords: 912, senate, all

Transcript Highlights:

• , including a social media billionaire piece of revenue that they introduced yesterday, which will be
• increases or other ways to get revenue increases or other ways to get revenue in<00:10:31.920>
• including a social media revenue including a social media billionaire<00:10:46.959> piece<00:
• billionaire piece of revenue that they billionaire piece of revenue that they introduced<00:10:48.480
• Certainly, um, the governor and the Senate have brought revenue to the table in the House.

Keywords: 1183, house

Transcript Highlights:

• Those are important because they provided a base level of recurring revenue in.
• Many of the districts had no revenue sources. They had very little funding.
• If they had multiple revenue sources, some of the districts had contracts with both.
• Some of the districts also had recurring revenue streams from local government.
• Another area that we're able to do was to was to utilize create revenue grant funding.

Keywords: 999, senate, all