Video & Transcript Research : 'Inflation'
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KY
Kentucky 2025 Regular Session
Air Mobility & Aviation Economic Development Task Force (10-28-25)
Transcript Highlights:
- And then most recently was the Inflation Reduction Act 40B, which was a clean fuel credit that was up
- /c><00:10:37.279>
the Uh and then most recently was the Uh and then most recently was the inflation - <00:10:38.000>
reduction <00:10:38.399>act <00:10:38.720>40B inflation reduction - act 40B inflation reduction act 40B uh<00:10:40.480>
which <00:10:40.720>was <00:10:40.880
Summary:
The task force approved the October 14, 2025 meeting minutes and then heard a presentation from Austin Kaylor of WSP on alternative aviation fuels. Kaylor described an ongoing feasibility study focused on Cincinnati/Northern Kentucky International Airport and the other four commercial airports in Kentucky, with an eye toward both near-term use of alternative aviation fuel in existing supply chains and longer-term in-state production using local feedstocks. He said Kentucky’s current jet fuel use at the five airports is about 609 million gallons annually and could approach 1 billion gallons by 2050, and he outlined potential feedstocks such as soybeans, corn, and waste oils, along with existing logistics assets like river terminals, trucking, rail, and some pipelines. He also discussed federal and state policy support, including renewable fuel credits and the recent 45Z tax credit extension, and said the study suggests significant economic-development potential if Kentucky can leverage existing infrastructure and incentives.
Members asked about the cost of sustainable aviation fuel, whether taxpayers would be subsidizing it, and whether food crops would be diverted from food use. Kaylor responded that the market is increasingly using second-generation and waste-based feedstocks, that federal incentives can cover much of the price differential, and that SAF is a direct substitute for conventional jet fuel with some efficiency benefits. He said demand comes from both U.S. and foreign carriers, including major U.S. airlines that have made emissions-reduction commitments. Members also raised the possibility of locating production in Appalachia to create jobs closer to feedstock sources; Kaylor said that approach has worked in other states and could fit Kentucky’s logistics network.
The committee then heard from Leif Elder of the Utah Department of Transportation, who introduced himself and said he would discuss advanced air mobility legislation in Utah. The transcript cuts off before his substantive presentation, and no further votes or actions were recorded after the question-and-answer discussion on alternative aviation fuels.
KY
Kentucky 2025 Regular Session
Medicaid Oversight and Advisory Board (7-30-25) - Reupload
Transcript Highlights:
- ATRIP has provided the resources to allow staff pay to keep pace with inflation, and as a result vacancies
- c><01:10:56.000>
with allow staff pay to keep pace with allow staff pay to keep pace with inflation - inflation inflation and<01:10:58.080>
as <01:10:58.320>a <01:10:58.560>result <01
Keywords:
00:00:22 - Call to Order and Roll Call
00:03:00 – Approval of June 25, 2025 Minutes
00:03:22 - Update on Federal Changes to the Medicaid Program
01:03:44 - State Directed Payments, Provider Taxes, and the Rural Health Transformation Fund: How Medicaid Changes Could Impact Kentucky
Hospitals
01:29:42 – Public Comments
01:45:25 – Announcements
01:46:19 - Adjournment, 958, all
Summary:
The Medicaid Oversight and Advisory Board met on July 30, 2025, approved the June 25 minutes, and received a presentation from Katherine Castanza of the National Conference of State Legislatures on Medicaid provisions in H.R. 1. The presentation outlined more than 20 Medicaid-related provisions, emphasizing that the largest federal savings come from work/community engagement requirements, changes to provider taxes, limits on state-directed payments, more frequent eligibility redeterminations for expansion populations, and related eligibility/enrollment changes. She said the fiscal effects are backloaded, with most reductions occurring in the later years of the 10-year window, and noted potential significant impacts on hospital payments and state financing. She also described new funding opportunities, including a $50 billion rural health transformation fund and a new home and community-based services waiver with associated grants.
A substantial portion of the discussion focused on Kentucky’s pending community engagement 1115 waiver and how it would interact with the new federal requirements. Board members asked whether the waiver had been approved, what the cabinet’s contingency plan would be if CMS does not approve it, and what the timeline is for compliance. Cabinet representatives said the waiver has not yet been approved by CMS, remains under public comment, and that the state will wait for CMS guidance before moving forward; if needed, the state would amend the waiver or submit a new one. They said the work requirement must be in place by January 1, 2027, with a possible extension to 2028.
Castanza also explained that expansion adults with incomes between 100% and 138% of the federal poverty level would face new cost-sharing requirements beginning October 1, 2028, and that eligibility redeterminations would move from annual to every six months starting January 1, 2027. She then walked through provider tax changes, including a moratorium on new provider taxes beginning October 1, 2026, and a phased reduction in the hold-harmless threshold for existing taxes beginning January 1, 2028, with exemptions for nursing facilities and ICF/IID providers. Board members questioned the timing and likely impact on Kentucky, and Castanza responded that the effect would depend on each tax’s current rate and would phase in over time.
MN
Minnesota 2025-2026 Regular Session
Special Session - Senate Floor Session - Part 3 - 06/09/25
Minnesota Senate Floor Meeting
Transcript Highlights:
- the session with a structural imbalance in the planning years, in the tails, as we say, without inflation
- planning years in the tales as we say planning years in the tales as we say without<02:17:53.280>
inflation - <02:17:55.679>
That's without inflation $2.4 billion. - That's without inflation $2.4 billion.
MN
Transcript Highlights:
- Talk about equity and also the inflation and cost of living out there.
- and also<00:51:50.079>
um <00:51:51.040>uh <00:51:51.200>the <00:51:51.680>inflation - and<00:51:53.119>
and <00:51:53.920>uh <00:51:54.319>cost also um uh the inflation - and and uh cost also um uh the inflation and and uh cost of<00:51:54.800>
living <00:51:55.040
NH
New Hampshire 2025 Regular Session
House Executive Departments and Administration (04/09/2025)
Transcript Highlights:
- example is probably roofs and boilers that we're finding to keep up with the increase in prices and inflation
- c><00:40:58.079>
in <00:40:58.480>prices <00:40:59.359>and <00:41:00.440>inflation - the the increase in prices and inflation the the increase in prices and inflation that<00:41:01.680
Summary:
The committee first heard Senate Bill 74, which would require state agencies, especially the Department of Environmental Services and other permitting agencies, to report more detailed data on permit applications, approvals, denials, pending applications, and permits taking longer than 90 days. The sponsor’s representative and a lawyer who helped draft the bill argued that the legislature needs comprehensive permitting data to evaluate whether current timelines are reasonable and whether regulatory delays are burdening property owners and economic activity. They said the information should already be tracked within existing budgets, despite a fiscal note claiming additional staff would be needed. A Business and Industry Association representative supported the bill, saying better data is needed to understand actual permitting timelines and to help streamline the process, especially in light of housing and development concerns.
Members asked whether the bill was simply collecting data without a clear next step, and the response was that the data would allow lawmakers to judge whether existing deadlines, extensions, and exemptions are justified and whether changes to permit timelines are needed. Several members agreed the information would be useful and that agencies should already be tracking it. The committee then voted to pass Senate Bill 74 on a roll call, with the motion approved and the bill placed on consent for further consideration, with a note that it would go to finance for review of the fiscal note.
The committee then took up Senate Bill 196, which would raise the threshold for certain in-house construction projects handled by the Department of Military Affairs and Veterans Services and two other departments from $500,000 to $1 million, described as an inflationary update. The sponsor said the department’s existing staff can handle these smaller renovation-type projects and that the bill should not require new positions; the deputy adjutant general later confirmed the department does not need additional staff and said the projects are typically roof, boiler, and similar repairs. Members asked about a fiscal note suggesting new positions and about revenue/expenditure impacts, and the sponsor explained that the fiscal note language appeared to reflect an earlier draft and that the budget effect is largely a shift in where the work is performed. The committee recessed briefly for the deputy adjutant general’s arrival, then continued discussion of the bill.
MN
Transcript Highlights:
- very grateful for that, but it is not, with the exception of two bienniums, it has not kept up with inflation
- 19.280>
with of two beniums it has not kept up with of two beniums it has not kept up with inflation - :20.239>
caused <01:16:20.400>us <01:16:20.560>to <01:16:20.719>make inflation - so it has caused us to make inflation so it has caused us to make continuous<01:16:21.280>
cuts
MN
Transcript Highlights:
- With the rise in inflation and current construction costs, along with the lack of increase per-pupil
- With the rise in inflation and current construction costs, along with the lack of increase in per-pupil
- With the rise in inflation and current construction costs, along with the lack of increase in per-pupil
- With the rise in inflation and current construction costs, along with the lack of increase in per-pupil
Keywords:
HF51, Sibley County, State-Aid Highway 21, capital investment, bonding bill, general obligation bonds, transportation infrastructure, road improvements, sanitary sewer, water main, storm sewer, local infrastructure, county grant, Minnesota Department of Transportation, bond proceeds fund, public works, utility infrastructure, education finance, school district funding, tax base adjustment
MN
Minnesota 2025 1st Special Session
Committee on Energy, Utilities, Environment and Climate - 03/26/25
Energy, Utilities, Environment, and Climate
NH
New Hampshire 2025 Regular Session
House Finance Division II (03/25/2025)
Transcript Highlights:
- think it might be comforting to us that it's likely going to be higher in two years, just due to inflation
- think it might be comforting to us that it's likely going to be higher in two years, just due to inflation
- think it might be comforting to us that it's likely going to be higher in two years, just due to inflation
- think it might be comforting to us that it's likely going to be higher in two years, just due to inflation
Summary:
The committee first heard Representative Sweeney present and defend the budget amendment legalizing video lottery terminals (VLTs) and setting a 30% tax rate, with 65% of the tax going to the state and 35% to charities. He argued the lower rate was needed to encourage operators of historic horse racing (HHR) machines to convert to VLTs, saying the higher 45% rate would discourage adoption. He walked through revenue projections for fiscal years 2026 and 2027, estimating significant increases in state and charity revenue as machines transition over time, and said the amendment was designed to expand charitable gaming revenue overall.
Several members questioned the assumptions behind his projections and the basis for his analysis, including why his independent research differed from the governor’s and Lottery Commission’s estimates. Sweeney said his figures were based on research into other states and conversations over many years, and he maintained that a 45% tax would likely result in no VLT adoption. Members also debated whether the transition costs for operators would be quickly recouped and whether the state’s share should be larger. One member emphasized that the committee was effectively choosing between a lower operator share and a higher state share, while Sweeney argued the 30% structure would produce revenue for everyone.
The committee then moved to other revenue items on the tracking sheet. It voted 7-0 to accept the Lottery Commission’s revised base revenue estimates. Members also discussed an amendment to repeal the local option requirement for Kino games, which would expand Kino availability and was estimated to generate additional lottery profit in fiscal years 2026 and 2027. That amendment drew opposition from members who said local control was an important part of the original Kino policy and that removing it would override municipal decisions. The committee also noted that the VLT/HHR revenue item had already been adopted and was being revisited only to confirm the associated revenue estimates.
MN
Transcript Highlights:
- know, the level of appropriation for most of these items has remained stagnant for many years, so inflation
- c><00:05:20.800>
many <00:05:21.120>years <00:05:21.759>so <00:05:22.039>inflation - <00:05:22.639>
has stagnant for many years so inflation has stagnant for many years so inflation
MN
Minnesota 2025 1st Special Session
House Elections Finance and Government Operations Committee 1/22/25
Elections Finance and Government Operations
Transcript Highlights:
- budget request for us will include a $26,000 increase in FY 26 and a $53,000 increase in FY 27 for inflation
- in<00:05:05.800>
FY <00:05:06.240>27 <00:05:06.960>for <00:05:07.240>inflation - <00:05:07.840>
and increase in FY 27 for inflation and increase in FY 27 for inflation and
Summary:
The committee heard testimony from Jeff Sigerson, executive director of the Minnesota Campaign Finance and Public Disclosure Board, who outlined the board’s mission and core programs: campaign finance disclosure, economic interest statements, and lobbying registration/reporting. He described the board as an independent agency with six members, noted current vacancies and confirmation requirements, and said the board’s budget request was essentially flat, with a base budget of about $1.793 million and most costs tied to salaries, office space, and other fixed expenses. He also reviewed the board’s enforcement structure, emphasizing civil-only penalties, a complaint-driven process, and the availability of reports, enforcement actions, and advisory opinions on the board’s website.
Sigerson highlighted several recent and upcoming changes. Local ballot question committees for city, school district, levy, and bond issues now must register with the board if they exceed $750 in activity, and the board is preparing outreach and online registration tools to help local committees comply. He also discussed the public subsidy and political contribution refund programs, saying the board paid out about $2.12 million to 230 House candidates in 2024, that 93% of candidates signed the subsidy agreement, and that 2023 PCR refunds totaled about $447,000 for candidates and $1.616 million for party donors. He noted that the PCR maximum refund was recently increased from $50 to $75 per donation, and that payments could drop significantly in 2026 if the one-time supplement is not renewed.
A major focus of the presentation was the board’s lobbying report and related legislative recommendations. Sigerson said the board is moving from tracking marginal expenses to tracking the subjects and entities being lobbied, and that lobbying will be expanded from certain metro-area governmental units to all cities, counties, school districts, townships, and other political subdivisions, potentially adding thousands of lobbyists. He said the board held two public hearings and received 23 written comments on proposed changes. The board’s main recommendations were to broaden the expert-testimony exception so that certain paid experts at local hearings would not need to register as lobbyists, while still requiring disclosure of who testified, before whom, and on what subject, and to adjust the current lobbying definition for local government employees and officials who spend more than 50 hours a month on intergovernmental lobbying work.
MN
Minnesota 2025-2026 Regular Session
Committee on Health and Human Services - 03/10/26
Health and Human Services
Transcript Highlights:
- We've had the same thing with it continuing to go up and up and up, uh, much faster than inflation.
- We've had the same thing with it continuing to go up and up and up, uh, much faster than inflation.
- Well, I think we all know that inflation has happened since then, no matter who you want to blame for
- Well, I think we all know that inflation has happened since then, no matter who you want to blame for
- Well, I think we all know that inflation has happened since then, no matter who you want to blame for
MN
Minnesota 2025-2026 Regular Session
Legislative Commission on Pensions and Retirement - 04/08/25
Minnesota Senate Floor Meeting
Transcript Highlights:
- The Minnesota Legislature must explore ways to keep public pension secure and inflation protected with
- However, inflation is eating away at our purchasing power as our fiscal demands grow.
- or means taking care of parents or grandchildren.<01:11:47.440>
However, <01:11:47.920>inflation - However, inflation is grandchildren.
- However, inflation is eating<01:11:49.360>
away <01:11:49.600>at <01:11:49.920>our
MN
Minnesota 2025 1st Special Session
Committee on Commerce and Consumer Protection - 02/13/25
Commerce and Consumer Protection
Transcript Highlights:
- so much because it's so many things we need to adjust just to survive every single month with the inflation
- so much because it's so many things we need to adjust just to survive every single month with the inflation
- to survive every single month<01:51:41.400>
with <01:51:41.560>the <01:51:41.880>inflation - <01:51:42.880>
right <01:51:43.079>now month with the inflation right now month with - the inflation right now example<01:51:43.920>
the <01:51:44.119>prices <01:51:44.480>
WY
Wyoming 2026 Regular Session
Select Committee on School Finance Recalibration, January 22, 2026 - PM
Select Committee on School Finance Recalibration
Transcript Highlights:
- What he forgot is number four: inflation. Inflation drives interest rates, right?
- , which also probably has to be thought about in terms of the economic cost adjustment, which is inflation
- the uh economic cost adjustment, which the uh economic cost adjustment, which is<02:18:47.439>
inflation - 47.840>
that <02:18:48.080>keeps <02:18:48.240>the <02:18:48.479>model is inflation - that keeps the model is inflation that keeps the model current<02:18:49.439>
and <02:18:49.599
CA
California 2025-2026 Regular Session
Joint Legislative Audit Committee Jun 1st, 2026
Joint Legislative Audit
Transcript Highlights:
- Despite being one of the largest national insurers, decades of inflation and recent hikes in health care
Summary:
The Joint Legislative Audit Committee met to consider new audit requests and received a status update from the State Auditor, who reported 10 JALAC audits in progress, several statutory audits underway, and that all audits approved in 2025 are moving forward. The committee first approved a consent calendar covering audits on University of California library resources, law enforcement information sharing, EDD unemployment insurance claims, and Housing and Community Development housing development monitoring. One requested audit on local law enforcement and human trafficking had been withdrawn before the hearing.
The committee then debated and approved an audit request from Assembly Member DeMaio on the San Diego Association of Governments (SANDAG) and its road project management and use of transportation funds. DeMaio argued the audit was needed to examine whether restricted funds, voter-approved revenues, and project commitments were properly used, while SANDAG officials said the agency already undergoes extensive oversight and that its funding sources and project uses are governed by multiple existing audits and reporting requirements. Several members questioned whether the audit would duplicate existing reviews, but the motion passed after roll call.
Next, the committee approved Senator Valadares’s audit request on Board of State and Community Corrections Proposition 47 grant administration. Supporters said the audit would assess whether grant recipients and BSCC oversight are producing reliable outcome and recidivism data and whether the funds are achieving public safety goals; BSCC responded that it already has internal controls, that the State Controller conducts biennial audits, and that its reported outcomes show reductions in homelessness, unemployment, and recidivism among participants. The committee also approved Senator Cortese’s audit of CalHR’s dental benefits procurement and contract oversight, prompted by concerns about stagnant annual maximums, provider network losses, and out-of-pocket costs for employees and retirees. CalHR said its current dental network remains strong, that it recently completed an RFP adding MetLife as a second carrier beginning in 2027, and that it maintains performance guarantees in its contracts. All three regular-calendar audit requests were approved, and the committee then completed add-on votes approving the earlier consent calendar items before adjournment.
LA
Transcript Highlights:
- Based on the CPI inflation calculator, the purchasing power of $100 in 2007 has eroded significantly.
Summary:
The Senate Finance Committee met with eight members present and deferred HB 127. It then considered a series of bills, most of which were reported favorably without opposition. HB 22 revised COLA rules for the clerks of court retirement system, allowing more frequent COLAs when the system is better funded; HB 324 made judicial stipends permanent and added future COLAs subject to available funding; HB 233 increased jury mileage reimbursement; HB 47 reorganized assessor retirement COLA statutes; HB 533 allowed St. Tammany Parish to transfer unused witness-fee account balances to the 22nd Judicial District Court; HB 980 adjusted eligibility for the Firemen’s Supplemental Pay Board; HCR 45 urged Congress to clarify ARPA deadlines for water projects; HB 559 increased court costs in the 4th Judicial District; HB 290 recreated the Department of Treasury and related entities in statute; and HB 382 addressed Joint Legislative Committee on the Budget review authority over Group Benefits plans. The committee also reported HB 1157 favorably, creating a financing bank mechanism for infrastructure projects, and HB 575 favorably, giving youth aging out of foster care preferred access to surplus state vehicles through the Louisiana Property Assistance Agency.
Several measures drew more discussion. HB 1236, dealing with pharmacy benefit managers and professional dispensing fees, prompted extensive testimony from the sponsor, the Legislative Fiscal Office, the Department of Insurance, independent pharmacies, and PBM representatives. Supporters said it clarifies and strengthens enforcement of existing PBM law and protects independent pharmacies; opponents argued the bill’s requirement that PBMs bear dispensing-fee costs would be difficult to implement and could raise premiums. The sponsor said he would work on amendments, including clarifying language and a delayed effective date, and the bill was nevertheless moved favorably. SB 25, on registrar of voters compensation, was amended to a revised pay structure and then reported favorably. HB 47 and HB 533 were also presented as funding and administrative cleanups for retirement and court-related accounts, with local support noted.
The committee also heard HB 233 on jury duty mileage reimbursement, which the sponsor said updates a 1961 rate and would be funded locally at an estimated average increase of about $4,000 per judicial district. HB 324 on judicial salaries was described as self-funded by the judiciary and subject to available funding, with no budget impact. HB 575 on foster youth transportation was presented as a non-appropriation measure aimed at helping youth aging out of foster care by giving them preferred access to surplus vehicles. HB 382, which concerns the Joint Legislative Committee on the Budget’s role in approving Group Benefits plans, was reported favorably with little discussion. The meeting ended after a motion to adjourn.
MO
Transcript Highlights:
- Have their fees gone up with the price of inflation, things of that nature?
Summary:
The committee on Crime and Public Safety heard testimony on Senate Bill 1652, which would create a permanent office in the Missouri Department of Public Safety focused on missing and murdered African-American women and girls. Senator Angela Mosley said the office would review cold cases, improve data collection, support community organizations, and include a proposed Phoenix Alert for missing persons. Supporters, including family members and advocates, described long-standing disparities in how missing Black women and girls are treated, said cases are often mislabeled as runaways, and argued the state needs dedicated staff and resources. Some members raised questions about whether the office should serve all missing persons and about the bill’s estimated cost and staffing, but the bill was generally supported in testimony and no vote was taken in the hearing.
The committee then heard Senate Bill 1572, sponsored by Senator Mike Henderson, which would change the membership structure of the St. Louis Police Retirement System board. The bill would stagger the mayor’s two appointments and require the three elected board members to be active commissioned officers elected by active members of the system, with travel time provided for board duties. Henderson said the change was prompted by a prior quorum problem caused by vacancies and illness. The St. Louis Police Retirement System and related city stakeholders supported the bill, describing it as a technical fix to avoid future quorum failures. The measure had already passed the Senate 31-0 and was reported to have passed the House pension committee unanimously.
Finally, the committee heard House Bill 3533, which would raise casino admission fees and gaming taxes and direct additional revenue to state funds, including natural resources, historic preservation, education, and the Gaming Commission. The sponsor framed it as a revenue measure, while the Missouri Gaming Association opposed it, arguing the bill would significantly increase costs on casinos, could reduce reinvestment, and might require voter approval for some sports betting-related changes. The Missouri Chamber of Commerce also opposed the bill in principle, saying it did not want to pick winners and losers through targeted tax increases. No action or vote was taken during the hearing, and the committee adjourned after the HB 3533 testimony.
MO
Transcript Highlights:
- Have their fees gone up with the price of inflation, things of that nature?
Summary:
The committee on Crime and Public Safety met for public hearings on three bills. Senate Bill 1652, sponsored by Sen. Angela Mosley, would create a permanent office in the Missouri Department of Public Safety focused on missing and murdered African-American women and girls, including a Phoenix Alert system, data collection, cold-case review, and support for community organizations. The sponsor and several supporters, including family members and advocates, said Black women and girls are disproportionately missing, often misclassified as runaways, and do not receive equal attention from law enforcement. Some members questioned whether the office should be broader and include all missing persons, and the Department of Public Safety’s estimated six FTEs and funding through grants/private sources were discussed. No vote was taken on the bill at the hearing.
Senate Bill 1572, by Sen. Mike Henderson, would change the St. Louis Police Retirement System board by staggering the mayor’s two appointments and limiting three elected board seats to active commissioned officers elected by active members, with travel time provided for board duties. The sponsor and witnesses said the change is intended to prevent the board from losing quorum when appointments are delayed or members are unavailable, which had created problems for major fiduciary decisions. The bill was described as technical and received no opposition in the hearing.
House Bill 3533, by Rep. Knight, would raise casino admission fees and gaming taxes and adjust related revenue provisions, with funds directed to state purposes including natural resources, historic preservation, education, and the Gaming Commission. The sponsor framed it as a revenue measure, while the Missouri Gaming Association opposed it, arguing the higher fees and taxes would significantly burden casinos, reduce reinvestment, and could drive patrons to neighboring states or illegal gaming machines. The Missouri Chamber of Commerce and Industry also opposed the bill in principle, saying the committee should be cautious about targeting one industry for higher taxes and fees. No committee action or vote was taken during the hearing.
MN