Video & Transcript Research : 'valuation'
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FL
Florida 2025 Regular Session
Children, Families, and Elder Affairs Mar 25th, 2025
TX
Transcript Highlights:
- Without amendment, this bill rewards violation of our law, giving special privileges and special valuation
- but what this specific wording of it does, narrowing it down to 2 G permits, it gives them special valuation
Keywords:
immigration enforcement, ICE agreements, sheriff grants, law enforcement, county jail, federal immigration law, China, Chinese-affiliated entities, Chinese military companies, People's Republic of China, Chinese Communist Party, divestment, state pension funds, public retirement systems, Teacher Retirement System, Employees Retirement System, Permanent School Fund, Texas Comptroller, foreign investment, national security
Summary:
The Senate Committee on State Affairs resumed consideration of several pending bills, first taking up Senate Bills 667, 1349, 1585, and 2312. After inviting testimony had already been heard, no members of the public came forward to testify on any of those measures, and the committee closed public testimony and left all four bills pending.
The committee then heard Senate Bill 1355, which Senator Parker explained as a committee substitute aimed at helping Texas distillers recover unpaid invoices from wholesalers. The substitute would require distillers to invoice at the time of purchase, send a demand letter if payment terms are violated, and allow complaints to be filed with the Texas Alcoholic Beverage Commission, which could determine an appropriate penalty based on the facts. Natasha Dehart of Bent Distilling Company testified in support, describing serious cash-flow problems and unpaid invoices from a Texas wholesaler that had forced layoffs, late vendor payments, and operational strain. No one testified against the bill, and it was left pending.
The committee also heard Senate Bill 1378, a narrowly tailored local bill for a Carrollton facility recently acquired by Sazerac that employs more than 1,000 Texans. Senator Parker said the bill would create a limited exemption to avoid forcing the company to shut down or move because of current permit restrictions, while preserving the three-tier system and preventing the company from selling wine to itself. A Texas Alcoholic Beverage Commission resource witness said the bill was drafted so it would not open the door to broader industry changes. Mason Moreland testified against the bill as filed, arguing it gave special treatment to one company and failed to address broader problems in the wine industry, including direct-to-consumer sales and permit issues. After questions from senators, public testimony closed and SB 1378 was left pending. The committee then recessed subject to the call of the chair.
AL
Alabama 2025 Regular Session
Alabama Senate Finance and Taxation Education Committee Mar 5th, 2025
Finance and Taxation Education
MA
Massachusetts 2025-2026 Regular Session
Senate Session (Full Formal with Calendar) Jun 21st, 2026 at 10:30 am
Massachusetts Senate Floor Meeting
Transcript Highlights:
- It takes into account probably property valuation. And I assumed, oh, we must have a formula.
- It takes into account probably property valuations.
- My district has some of the highest property valuations across our 19 towns in the Commonwealth.
Summary:
The Senate met on the FY27 budget and began with several ceremonial introductions and brief amendment withdrawals. Senator Collins withdrew amendments related to restoring DCF social worker funding and educator pay. The chamber then ruled a package of tax-related amendments offered by Senator Tarr out of order on constitutional grounds, finding they would create money-bill provisions that must originate in the House; the Senate upheld that ruling by a vote of 35-4. Senator Tarr later offered amendments on a gas tax suspension and related tax relief themes, but those were not adopted.
The Senate considered and rejected several other amendments, including proposals on commemorating Commonwealth history, naming a bridge, repeat offenders, and no-cost calls. One amendment by Senator Fattman to extend domestic violence leave protections to contract employees was adopted unanimously, with 39 votes in favor and none opposed. The chamber also adopted an amendment creating a special commission to study the adequacy, reliability, and distribution of unrestricted general government aid (UGA), after extended debate about inequities in municipal aid and local budget pressures. Members from across the chamber supported the commission, while some emphasized that adequacy of funding, not just redistribution, remains a concern.
The Senate then took up Chapter 90, passing the municipal roads and bridges bill to be engrossed. It also adopted a community programming amendment and a Senate Ways and Means amendment, then adopted the Ways and Means budget amendment as amended and ordered the underlying FY27 appropriations bill to a third reading. After lengthy closing remarks from the Ways and Means chair, minority leader, and the Senate President praising the budget process and highlighting investments in local aid, education, public safety, and other priorities, the Senate voted 40-0 to pass the FY27 budget bill to be engrossed. The chamber then adopted an order to reconvene the following Tuesday at 11 a.m. and adjourned in memory of Trooper Kevin Thomas Traynor.
NM
New Mexico 2026 Regular Session
Senate - Tax, Business and Transportation Feb 14th, 2026 at 04:35 pm
Senate Tax, Business & Transportation
Transcript Highlights:
- Under current law, homeowners are protected by a 3% annual cap on valuation increases, but that protection
- simply restores fairness and predictability when government action, rather than owner action, drives valuation
- Madam Chair and Senator, the way that the code right now is written is that the valuation of the residential
NM
New Mexico 2026 Regular Session
House - Commerce and Economic Development Jan 28th, 2026 at 02:54 pm
House Commerce & Economic Development Committee
Transcript Highlights:
- property tax code for residential rezoning and removes zoning as one of the reasons why a property valuation
- neighborhoods are afraid that when that rezoning happens and those new uses are allowed, that their property valuation
- communication around investment and improvement on the site to reflect possibly a new property tax valuation
MI
Michigan 2025-2026 Regular Session
Finance, Insurance, and Consumer Protection 26-06-23
Finance, Insurance, and Consumer Protection
Transcript Highlights:
- The statute under 205 also covers valuation and exemption as MCL 211.53C.
- The statute under 205 also covers valuation and exemption as MCL 211.53C.
Summary:
The Senate Committee on Finance, Insurance, and Consumer Protection met with a quorum, adopted the June 17 minutes, and took testimony on several bills. Senate Bill 1053, sponsored by Chair Kavanaugh, would raise the acreage cap for neighborhood enterprise zones from 15% to 20% for certain zones. Supporters from Invest Detroit and the City of Detroit said the change would help make housing and redevelopment projects viable, especially in high-tax areas like Detroit, and the bill was reported to the floor on a 6-2 vote.
The committee also heard Senate Bill 988, sponsored by Senator Santana, which would extend from 30 to 35 days the deadline to appeal a denied poverty exemption to the Michigan Tax Tribunal. The sponsor and Detroit’s property assessment director described it as a technical alignment with the Tax Tribunal Act and a correction to conflicting timelines; the bill drew support from the Michigan Poverty Law Program, the Michigan Chamber, and the Tax Tribunal, and was reported unanimously. The committee then adopted S-1 substitutes for Senate Bills 1041, 1042, and 1043, the price-gouging package sponsored by Senators Moss, Chang, and Kavanaugh.
Sponsors of the price-gouging bills said the package would strengthen Michigan’s emergency price-gouging protections by defining excessive increases during declared emergencies, covering lodging, essential goods and services, and energy products, and giving the Attorney General clearer enforcement tools. Supporters included the Michigan Restaurant and Lodging Association and the Attorney General’s office, while the Michigan Chamber, Mackinac Center, and NFIB opposed the package. Despite the opposition, all three bills were reported to the floor on 5-3 votes. The meeting adjourned after all reported bills were approved.
MN
Transcript Highlights:
- Um, there is more and less complexity in terms of business valuation as well as, you know, imagine if
- It's, you know, for a larger business you might want to do that as part of a business valuation, whereas
- less complexity in terms<00:48:06.280>
of <00:48:06.359>business <00:48:06.680>valuation - as well as, terms of business valuation as well as, you<00:48:08.720>
know, <00:48:09.240> - , that as part of a business valuation, that as part of a business valuation, whereas<00:48:15.280
OK
Oklahoma 2026 Regular Session
Senate Legislative Session Mar 24th, 2026 at 01:30 pm
Oklahoma Senate Floor Meeting
Transcript Highlights:
- sheet of paper that would be required by the assessor to be put into their mail whenever there's a valuation
- that taxpayers know what their rights are if they want to pursue anything regarding the increase in valuation
Bills:
SJR47, SB1491, SB1579, SB1806, SB1552, SB483, SB63, SB137, SB346, SB514, SB1344, SB1360, SB1380, SB1437, SB1189, SB1217, SB1221, SB1262, SB1272, SB1325, SB1339, SB201
Keywords:
voter ID, elections, constitutional amendment, Oklahoma, proof of identity, presidential electors, vacancies, oath of office, political party, property tax, valuation increase, taxpayer rights, homestead, protest process, foster care, adoption assistance, transitioning youth, Department of Human Services, voluntary services, county home rule charter
OK
Oklahoma 2026 Regular Session
Senate Legislative Session Mar 24th, 2026 at 09:30 am
Oklahoma Senate Floor Meeting
Bills:
SJR47, SB1491, SB1579, SB1806, SB1552, SB483, SB63, SB137, SB346, SB514, SB1344, SB1360, SB1380, SB1437, SB1189, SB1217, SB1221, SB1262, SB1272, SB1325, SB1339, SB201
Keywords:
voter ID, elections, constitutional amendment, Oklahoma, proof of identity, presidential electors, vacancies, oath of office, political party, property tax, valuation increase, taxpayer rights, homestead, protest process, foster care, adoption assistance, transitioning youth, Department of Human Services, voluntary services, county home rule charter
TX
Bills:
SB3038, SB3045, SB3065, SB3069, SB3071, HB2025, HB2149, HB3370, HB4205, HB4506, HB5424, HB5652, HB24, HB3687
Keywords:
Fort Bend County, Municipal Utility District, MUD, special district, Rosenberg, Texas Commission on Environmental Quality, TCEQ, ad valorem tax, bond issuance, assessments, fees, taxes, eminent domain, road district, storm drainage, infrastructure financing, development agreement, municipal consent, temporary directors, public utility district
Summary:
The Senate Committee on Local Government met with a quorum and took up a series of pending bills, mostly local-government measures. Early action included final committee approval of Senate Bill 1633 and S.J.R. 60, followed by Senate Bill 3038 and Senate Bill 3045, both reported favorably and placed on the local and uncontested calendar. The committee also considered House Bill 24, adopted a committee substitute, and reported the substitute version favorably; House Bill 2025 was likewise reported favorably and sent to the local and uncontested calendar.
Members then handled several companion and local bills, including House Bill 2713 as the companion to Senate Bill 1331, which was reported favorably and placed on the local and uncontested calendar. House Bill 3348, House Bill 3370, House Bill 3505, and House Bill 4506 were each reported favorably, with no objections to local-and-uncontested placement. House Bill 5424 passed on a 6-1 vote, and House Bill 5652 passed with one present-not-voting, both also sent to the local and uncontested calendar. The committee also adopted substitutes and reported House Bill 3687 and House Bill 4205, though both were later reconsidered because the wrong script had been read.
After reconsideration, House Bill 3687 and House Bill 4205 were each re-voted and reported favorably to the full Senate, with both placed on the local and uncontested calendar. Senate Bill 3071 was also reported out on a 5-2 vote after adoption of a committee substitute. The meeting ended with no further business and the committee standing at recess subject to the call of the chair.
CA
California 2025-2026 Regular Session
Joint Legislative Audit Committee Mar 24th, 2026
Transcript Highlights:
- Residents have reported limited access to valuation information needed to evaluate purchase offers, contract
- repeated, unconsummated purchase attempts over a period of years, sometimes decades, with changing valuations
- In some cases, tenants have engaged in multiple rounds of financing and independent valuation that they've
- They have gone to seek financing four times, and in that time, the valuation of the property has increased
Summary:
The committee met as a subcommittee for much of the hearing because it initially lacked a quorum, then later established one and began taking votes. The state auditor gave a status update on ongoing audits, including several JALAC-requested audits in progress, other statutory audits, staffing growth in his office, and the number of new JALAC audits his office could start in the coming months. The committee also heard that one audit request on Prop. 28 was held, and another PUC-related request was moved off consent and heard on the regular calendar.
Members then heard and discussed several audit requests. Senator Cervantes presented a request to audit California fusion centers, with witnesses from the FBI and ACLU supporting the need for transparency and oversight; opponents argued the request was politically motivated and could interfere with counterterrorism work. Senator Allen presented a request on CPUC enforcement of Rule 21 interconnection timelines for solar and storage projects, supported by industry and school representatives who described long delays and financial harm, while CPUC staff said the issue was being addressed through workshops and a formal proceeding. Senator Perez presented a request to audit Caltrans’ administration of the former SR 710 extension properties and affordable sales program, citing tenant complaints about maintenance, pricing, and transparency; Caltrans said it was working to complete sales and improve administration. Senator Umberg presented a request to audit the Orange County Board of Education over transparency, contracting, litigation spending, charter oversight, and whistleblower issues, while board representatives said there was no factual basis for an audit and that existing legal remedies had not been invoked.
After quorum was established, the committee approved the consent-calendar DMV license revocation audit and then approved the PUC utility timeliness audit and the Caltrans SR 710 audit. The fusion center audit was left on call after a split vote, and the Orange County Board of Education audit continued with testimony from the board’s representatives after the committee had already moved on to other business.
KY
Kentucky 2026 Regular Session
House Budget Review Sub. on Personnel, Public Retirement, and Finance (2-18-26)
Transcript Highlights:
- It was 89% funded at the last actual valuation for the year ending June 30th, 2025.
- <00:08:46.480>
the <00:08:46.640>last <00:08:47.040>actual <00:08:47.600>valuation - <00:08:48.080>
for <00:08:48.240>the at the last actual valuation for the at the last - actual valuation for the year<00:08:48.480>
ending <00:08:48.800>June <00:08:49.040>
Summary:
The House Budget Review Subcommittee on Personnel, Public Retirement, and Finance heard testimony from Bo Barnes, deputy executive secretary and general counsel for the Teachers’ Retirement System (TRS), on the TRS budget request for the upcoming biennium and how it compares with House Bill 500 as introduced. Barnes emphasized that the bill fully funds the system’s additional funding request to pay down TRS’s legacy unfunded pension liability, which he described as critical to the system’s long-term funding plan. He also explained that the pension and health insurance requests are broken into several line items, including legacy benefit items, state shared-responsibility payments for retiree health insurance, and reconciliation items that adjust for prior over- or underpayments.
Barnes said the state portion of shared responsibility for retiree health insurance was funded below the request in House Bill 500, but he described the health insurance trust as a success story under the post-2010 shared-responsibility model. He said the trust is projected to be fully funded in about two years if medical inflation and federal subsidies remain stable, and he noted that any shortfall in the current budget would be reconciled later and could reduce investment income. In response to questions, he explained that the legacy benefit items are treated as part of the total actuarially determined employer contribution and that unpaid legacy benefits would have the same impact on the retirement trust as unpaid ADC amounts.
Barnes also addressed questions about whether the $47.2 million SEEK-related teacher contribution reconciliation could be split between fiscal years, saying it could be done but would reduce investment income and potentially increase future contribution needs. He said the pension fund is currently about 61% funded and that TRS has received full funding for the pension for 10 straight years, with the state having provided full additional funding and more in recent budgets. He concluded by asking the committee to consider TRS’s original budget request, warning that underfunding now would be reflected in future actuarial calculations and could cost the Commonwealth more over time.
FL
Florida 2025 Regular Session
January 15, 2025 - 09:00 AM
Transcript Highlights:
- Looking at our most recent valuations for the close of fiscal year 2024, performance since the inception
- Looking at our most recent valuations for the close of fiscal year 2024, performance since the inception
- Looking at our most recent valuations for the close of fiscal year 2024, performance since the inception
Summary:
The Government Operations Subcommittee met with a quorum and began with member introductions and remarks from the chair emphasizing the committee’s focus on government efficiency, accountability, and oversight of executive branch agencies. Members shared their districts and backgrounds, with several noting hurricane recovery in their communities and a shared interest in reducing bureaucracy and improving service to Floridians.
The committee’s only presentation was from Chris Spencer, Executive Director of the State Board of Administration, who gave an overview of the SBA’s governance structure, investment responsibilities, and divestment policies. He explained the SBA’s management of more than $257 billion in assets, including the Florida Retirement System, the Florida Hurricane Catastrophe Fund, and Florida PRIME, and reviewed the Protecting Florida’s Investments Act restrictions covering Northern Ireland, Cuba, Venezuela, Israel, Sudan, Iran, and China. He also described the implementation of HB 7071, including the required divestment from direct holdings in Chinese companies, and said the SBA had reduced its direct Chinese holdings from 33 companies totaling over $172 million to 13 companies totaling about $64 million, with completion expected ahead of the September 1, 2025 deadline.
Members asked detailed questions about the Israel boycott list, Morningstar and MSCI, how the SBA gathers information, whether Cuba’s federal designation changes affect Florida law, how companies are removed from scrutinized lists, and whether divestment timing could affect returns. Spencer said the SBA uses public and paid research sources, gives companies a 90-day cure period in some cases, and brings list changes to the trustees for approval. He also explained that the China benchmark change is intended to reduce passive exposure while still allowing active investment decisions, and said the PFIA restrictions have had a modestly positive overall effect on pension performance. The chair also asked about the Florida Retirement System funded ratio and the CAT Fund’s capacity; Spencer said the pension fund is at 80.7% funded, that actuarial assumptions are reviewed regularly, and that the CAT Fund currently has more than $10.5 billion in liquid claims-paying capacity and is expected to remain well positioned for hurricane losses. No votes were taken, and the meeting adjourned after the presentation and questions.
NH
Transcript Highlights:
- So, we were talking about valuation and depreciation here a minute ago.
- That becomes difficult unless there's a system of record that we're using for valuation, whether that
- But um, I am curious if we're looking at the valuation correctly because it is so tightly associated
- <00:46:25.119>
And <00:46:25.280>I perspective in terms of valuation? - And I perspective in terms of valuation?
MN
Minnesota 2025 1st Special Session
Legislative Commission on Pensions and Retirement - 04/22/25
Minnesota Senate Floor Meeting
Transcript Highlights:
- approve the actuarial assumptions used by the pension plan actuaries in their annual actuarial valuations
- plan can use the new assumptions in the valuation a year later.
- Thank you, Miss Wilson. actuarial valuations. The use of the actuarial valuations.
- <00:03:27.760>
or them for use in the next valuation or them for use in the next valuation - <00:03:34.720>
So in the valuation a year later. So in the valuation a year later.
WA
Washington 2025-2026 Regular Session
Select Committee on Pension Policy Nov 18th, 2025
Select Committee on Pension Policy
Transcript Highlights:
- You know, we have our new valuation out.
- So the contribution rates currently in place, as well as the latest valuation on our website, reflect
Summary:
The executive committee approved the October minutes and received brief updates from the Assistant Attorney General and the committee actuary. The actuary reminded members that OSA prepares actuarial fiscal notes during session and said staff would begin work soon on analysis for the upcoming session, including updates related to the COLA bill and other pension measures. Senator Conway asked that updated actuarial materials be shared with committee members as they are completed, and staff agreed to do so.
Most of the meeting focused on committee discussion of pension policy issues, especially the ad hoc COLA for Plan 1 retirees and the broader study work on Left 1/Plan 1 topics, including merger and termination-restatement bills such as Senate Bill 5084. Members discussed the need for a COLA, the overfunding of some pension plans, the role of the legislature versus the committee, and the importance of keeping the State Investment Board separate from pension policy recommendations. Several members said the interim work had clarified many questions and would make future legislative decisions easier, while also noting that the committee’s study role had been completed.
The committee also reviewed constituent correspondence, which included 15 items, with substantial public interest in the ad hoc COLA and related pension bills. Staff presented the draft interim work plan and proposed December agenda items, including possible education on excess compensation and an update on demographic experience studies. After discussion, members agreed not to hold a December meeting, with the understanding that any remaining informational items could be sent by email. The motion to skip the December meeting passed unanimously, and the committee then adjourned.
VT
Vermont 2025-2026 Regular Session
Senate Session - 2026-04-30 - 11:00AM
Vermont Senate Floor Meeting
Transcript Highlights:
- Okay, a lot of them just clear up when PBR collect valuations.
- <00:34:52.919>
at <00:34:53.040>that <00:34:53.399>time, valuation at that time, - valuation at that time, and<00:34:54.800>
we <00:34:54.960>took <00:34:55.760>things - Um, section eight, for the purposes of the equalization study, requires property valuation to use 100%
- equalization study,<00:37:02.160>
requires <00:37:03.000>property <00:37:03.440>valuation
OK
Oklahoma 2026 Regular Session
Senate Legislative Session Mar 26th, 2026 at 12:10 pm
Oklahoma Senate Floor Meeting
Transcript Highlights:
- couple twice in this hypothetical Couple, why would they not take advantage of the senior property valuation
- The property valuation itself is 7 times more over that time frame.
- are substantial improvements to a house, such as homes being added onto, they can get a reassessed valuation
- Trying to handle those costs, and then we throttle back potential growth in revenue in rapidly rising valuation
- When their taxing jurisdictions come back next year and receive their excise reports and see valuations
Bills:
SB65, SB248, SB330, SB378, SB844, SB1330, SB1410, SB1475, SB1476, SB1565, SB1618, SB1623, SJR39, SJR47, SB2084, SB1655, SB1679, SB2174, SB1775, SB1873, SB1204, SB1884, SB1916, SB1937, SB1447, SB1500, SB2007, SB2074, SB1944, SB2018, SB1984, SB2026, SB2045, SB2049, SB2062, SB2112, SB2118, SB2127, SB2134, SB2135, SB2139, SB2154, SB1195
Keywords:
SB65, naloxone, Narcan, opioid overdose, overdose reversal, opioid antagonist, emergency opioid antagonist, substance abuse services, harm reduction, public health, overdose prevention, good samaritan, civil immunity, criminal immunity, controlled substances, addiction treatment, fentanyl, opioid crisis, school overdose response, first aid
NH
New Hampshire 2025 Regular Session
House Education Funding (09/30/2025)
Transcript Highlights:
- further assistance to those districts and communities that struggle with poverty and low property valuation
- work out to something like $5 per thousand in value, uniformly statewide, but subject to equalized valuation
- that struggle with poverty and low that struggle with poverty and low property<00:49:05.359>
valuation - property valuation. property valuation.
- equalized valuation. equalized valuation. and<00:51:42.960>
it <00:51:43.200>would
Summary:
The Education Funding Committee Subcommittee on Adequacy and Funding Sources opened its second meeting by reviewing four retained bills assigned to it: HB 651, HB 772, HB 491, and HB 734. The chair said the goal was to compare the bills across the board, consider whether any one of them should be the committee’s recommended vehicle, and then vote on a recommendation to the full committee. He noted the bills would move out before November 21 and be taken up on the House floor in January, while related LSRs were also being developed for the coming session.
Representative Ames argued that HB 651 should be the main vehicle because it would substantially raise the adequacy base and adjust differential aid categories to better reflect real school costs, including poverty, special education, and English learner needs. He described the bill as building on court guidance and said the current funding formula is far below actual district needs. He also supported HB 491 as a study vehicle to examine revenue options, saying the legislature needs informed choices about how to pay for the changes. Representative Damon strongly backed HB 651 and HB 491, citing constitutional obligations, the Conval and Rand rulings, and large projected funding increases for districts such as Claremont, Windham, and communities in the chair’s district if HB 651 had passed earlier.
Representative Fellows said he has an LSR similar to HB 491 that would study existing and new revenue options using criteria such as revenue potential, administrative cost, affected groups, implementation timeline, and implementation cost, with input from revenue administration and outside agencies. Representative Papich Muller emphasized constitutional separation-of-powers concerns, reading Article 83 and saying he was not comfortable with the broad claim that “cherish” clearly mandates a specific spending level, though he said he intends to follow Supreme Court guidance. Representative Ricky read testimony from a local school board member arguing that the state already imposes many mandates on schools while providing the least funding in the country, and that HB 651 would help restore meaningful local control. No final vote or action was taken in the portion provided, though the chair had indicated the subcommittee would vote before adjournment.