Transcript Highlights:

• The first is inflation.
• </c><00:14:38.160><c> in</c> inflation how we have high inflation in inflation how we have high inflation
• And we also have higher inflation.
• </c> 7% and we also have higher inflation 7% and we also have higher inflation rate<00:31:26.039><c>
• </c><05:59:59.160><c> the</c> impact in a way that impacts the impact in a way that impacts the community

Summary: The Committee on Finance held its first informational briefing for 2025, beginning with member introductions and then hearing an economic outlook presentation from Dr. Eugene Tian of the Department of Business, Economic Development and Tourism. Dr. Tian said Hawaii’s economy was in relatively good shape in several areas, especially construction, which he described as at a historical high, with construction employment above 40,000 monthly and building permit values and contracting tax base both up sharply. He also noted real estate sales had rebounded in 2024, the labor market had stabilized with unemployment around 2.9%, and initial unemployment claims were below 2019 levels. At the same time, he highlighted challenges including inflation running above the national rate, a shrinking labor force, lower employment compared with 2023, and continued weakness in visitor spending and arrivals. He said future growth would likely come from health care, professional services, construction, tourism recovery, and diversified sectors such as renewable energy, aquaculture, creative industries, and technology. Dr. Tian also discussed Hawaii’s economic structure and recovery, saying the state remains more concentrated in a few industries than the U.S. overall, with government and hospitality making up larger shares of the economy. He said non-tourism sectors had recovered, but tourism-related jobs and output were still below pre-pandemic levels, with Maui and the visitor industry still affected by the wildfire and COVID-19 impacts. He projected tourism and non-agricultural wage and salary jobs would not fully recover until 2027, and said population trends remain a concern because of aging, the likelihood of deaths outpacing births in coming years, and reliance on in-migration. After his presentation, the chair said questions would be taken later and the committee took a short break. After the break, Dr. Carano of the Hawaii Executive Director’s office presented a second outlook, saying Hawaii’s economy in 2025 looked better than 2024 overall, though he emphasized substantial uncertainty tied to the incoming federal administration. He said possible changes to tariffs, tax policy, immigration, and federal spending could raise inflation and keep interest rates higher than previously expected, which would affect housing, consumer debt, the dollar, and Hawaii’s visitor industry. He noted that U.S. visitors account for roughly three-quarters of visitor spending in the state, making federal policy especially important. He also said deregulation could be a long-term positive but would not likely have much effect in 2025 or 2026. As an additional risk, he pointed to bird flu and its effect on livestock, poultry, and egg prices. No votes or formal actions were taken during the briefing.

Transcript Highlights:

• It impacts our emergency systems.
• It impacts our emergency systems. It impacts our emergency systems. Caregivers.
• It impacts our emergency systems. It impacts our health systems.
• What was the inflation rate? What was the inflation rate? Mr.
• So to clarify, this is 127 million that we're short, is the gap between actual inflation and the inflation

Bills: HB4154 , HB4155 , HB4156 , HB4157 , HB4158 , HB4159 , HB4160 , HB4161 , HB4162 , HB4163 , HB4164 , HB4165 , HB4166 , HB4167 , HB4168 , HB4169 , SB1847 , SB1848 , SB1849 , SB1850 , SB1851 , SB1852 , SB1853 , SB1854 , SB1855 , SB1856 , SB1857 , SB1858 , SB1859 , SB1860 , SB1861 , SB1862

Committee: Joint Appropriations

Keywords: general appropriations act, budget, biennial budget, state spending, appropriations, fiscal year 2026, fiscal year 2027, state treasury, agency funding, operating budget, capital budget, public finance, state agencies, legislative budget, house appropriations, rules committee, HB4155, amusements, amusement industry, entertainment

Transcript Highlights:

• This oversight hearing will focus on federal policy impacts on California's labor market.
• The hearing will focus on federal policy impacts on California's labor market, and I really want to thank
• Over the past five years, economic disruptions from COVID-19, inflation, technological changes, foreign
• At the national level, in this chart, we can see that the rate of inflation, the dashed line, has been
• At the national level, in this chart, we can see that the rate of inflation, the dash line, has been

Summary: The Senate Labor and Public Employment Committee held an oversight hearing on federal policy impacts on California’s labor market. The chair and members framed the hearing around weak job growth, inflation, affordability pressures, federal cuts to safety-net programs, tariffs, and immigration enforcement, arguing these policies are harming workers, employers, and communities. The committee heard from economists, researchers, worker representatives, and employers about labor-market conditions and the effects of federal actions on employment, wages, and business stability. UC Berkeley economist Enrique Lopez Lira described a sluggish labor market, with job growth near zero since early 2023, low-wage work affecting about 35% of California workers, and housing and child care costs outpacing wages. He said federal cuts to Medi-Cal and SNAP/CalFresh and increased immigration enforcement would worsen insecurity, especially in health care, retail, leisure, hospitality, agriculture, construction, and care work. Committee members asked about recession indicators, sector-specific layoffs, and the role of unions, and Lopez Lira said worker organizing offered some hope. A second panel focused on immigration enforcement. UC Merced’s Edward Orozco Flores said private-sector employment in targeted states fell during escalated enforcement periods and that California’s 2025 declines were unprecedented in the historical record. LAEDC’s Shannon Sedgwick said undocumented workers are deeply embedded in Los Angeles County’s economy, supporting more than a million jobs and substantial economic activity, and that intensified enforcement hurt businesses, transit ridership, and consumer activity; she also cited major losses from a temporary downtown curfew. Members asked about tax revenue, small-business impacts, recovery, and preparedness, and witnesses pointed to local resiliency funds, business toolkits, and worker resource guides. Worker testimony highlighted direct impacts in car washes, health care, higher education, and federal employment. Clean Car Wash Worker Center director Flore Melendres said more than 100 car washes had been targeted, hundreds of workers detained, and many businesses disrupted or closed. California Nurses Association president Michelle Gutierrez-Vos warned that federal health cuts and immigration enforcement were threatening hospital services, staffing, and patient safety, and urged support for CalCare and a moratorium on hospital closures. UAW 4811 president Rafael Jaime said federal research cuts were already reducing UC postdoctoral employment and threatening California’s research economy, while AFGE representatives described shutdown-related unpaid work, staffing losses, and the strain on TSA and other federal workers. The committee also heard from employers later in the hearing, but the transcript provided ends as the retailers’ representative begins her remarks.

Transcript Highlights:

• this bill does is really I just did straight math and looked at the gas tax that was passed and the inflation
• I didn't round up; I did exact straight math by the data. passed and the in it's got an inflat on passed
• and the in it's got an inflat on it<00:00:49.120><c> but</c><00:00:49.239><c> I</c><00:00:49.320><c>
• so that is have any general fund impact so that is my<00:06:52.160><c> amendment</c><00:06:52.680><c
• </c><00:11:44.839><c> tied</c> EV have an automatic gas inflator tied EV have an automatic gas inflator

Transcript Highlights:

• </c> are property tax levy impacts. are property tax levy impacts.
• </c> up with inflation. up with inflation.
• </c> Had the allowance increased by inflation Had the allowance increased by inflation each<01:25:53.440
• </c><01:26:08.800><c> 18.7%</c> 2003 if we adjust for inflation. 18.7% 2003 if we adjust for inflation
• </c> would have a huge actual impact on NOVA. would have a huge actual impact on NOVA.

Bills: HF3790 , HF3654 , HF3371 , HF3470 , HF1099

Committee: House Education Finance

Transcript Highlights:

• It impacts our emergency systems.
• It impacts our emergency systems.
• It impacts our emergency systems. It impacts our emergency systems. Caregivers.
• It impacts our emergency systems. It impacts our health systems.
• What was the inflation rate? Mr.

Summary: The joint House and Senate Appropriations committees met to hear the FY 2027 budget package, beginning with the General Appropriations Act (HB 4154/SB 1847). Staff outlined the overall budget, including one-time fund transfers, lump-sum reductions, funding for state employee health insurance, school facilities, corrections, flood and wildfire relief, education and child care, and other ongoing and supplemental items. Members briefly discussed the absence of a requested $1.5 million for the oversight office, but the chair said no amendments would be taken in committee and that only limited technical changes were likely later in the process. Public testimony on the feed bill was largely supportive but focused on specific funding concerns. Testimony highlighted school safety funding, Alzheimer’s services, small business tax expensing provisions, disability oversight for group homes, county use of opioid settlement dollars, adult education/community college funding, victim notification funding, and ESA oversight. Several speakers praised the budget for funding DDD and other services, while others opposed or sought changes to items such as the COMIT group home monitoring program, Maricopa Community Colleges’ lack of operating aid, and a possible cut to the victim notification program. The chair repeatedly emphasized that changes to the negotiated budget would be difficult and should be routed through leadership. The committee then moved quickly through the remaining budget reconciliation bills. Staff summarized bills covering amusement and wagering, capital outlay, commerce, criminal justice, environment, health care, higher education, human services, and K-12 education. Notable provisions included continued wagering assessments, highway and building renewal funding, defense innovation and economic development changes, corrections and wrongful conviction provisions, groundwater and water banking measures, health insurance oversight and opioid settlement provisions, higher education funding and ABOR operating caps, SNAP and housing trust fund changes, and a 2% inflation increase for K-12 formula components. The K-12 bill also included a biometric school safety pilot and a child sexual abuse prevention pilot. No votes were taken in the portion provided, and the chair indicated the committee would continue through the remaining bills.

Transcript Highlights:

• There is no fiscal impact to the state.
• Yeah, I didn't see a fiscal impact statement, so I'm trying to see how we're assessing what that impact
• Yeah, I didn't see a fiscal impact statement, so I'm trying to see how we're assessing what that impact
• Yesterday, there was no fiscal impact on this. The day before, there was no fiscal impact.
• Last week, there was no fiscal impact.

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

Summary: The Senate first considered Senate Bill 1623, a measure updating the state charter for state-regulated credit unions to make them more competitive with federal credit unions. Two amendments were adopted: one changing certain board authority language from “shall” to “may,” and another restoring the title. Supporters said the bill was the product of years of negotiation with bankers and credit unions and would not affect national banks; after questions about membership expansion and census-tract service areas, the bill passed 44-0. The chamber then took up Senate Joint Resolution 39, which would send to voters a constitutional amendment lowering annual caps on assessed-value growth for homestead and agricultural property from 3% to 1%, and for other property from 5% to 3%. Proponents argued it would slow property-tax growth, help seniors and fixed-income homeowners stay in their homes, and not reduce government revenue but only slow future growth; opponents warned it would reduce local revenue growth for schools, counties, infrastructure, and bonding capacity, and would disproportionately benefit higher-value property owners. The resolution passed 38-8, and the special-election referral also passed 38-8. Senate Joint Resolution 47, which would place current voter ID requirements into the Constitution, also advanced and passed 39-8, with the special-election provision passing by the same margin. Supporters said it simply constitutionalized existing law requiring proof of identity and would preserve election security; critics said Oklahoma already has voter ID rules, the measure was unnecessary, and the language could create uncertainty for absentee voters and future changes. Debate also touched on provisional ballots, military and overseas voting, and whether the measure would make future adjustments harder. Later, Senate Bill 2084 passed 35-7 and as an emergency measure. The bill limits wrongful-termination settlements for faculty members at higher education institutions to two times annual salary, including pay and accrued benefits. Supporters said it would provide certainty for universities and regents; questions focused on tenure, free-speech claims, and how the cap would interact with existing tort limits. The Senate also passed Senate Bill 1655 unanimously to allow Oklahoma Complete Health’s Children’s Specialty Program to contact adoptive parents and offer continued voluntary services for post-adoption children, and Senate Bill 1679 was introduced as the “Preserving Oklahoma Values Act,” aimed at codifying adherence to the U.S. and Oklahoma Constitutions and rejecting foreign law, with debate beginning over its enforcement and scope.

Transcript Highlights:

• Not all of those live in New Mexico, but you can imagine the economic impact that that has when every
• And how they may impact state investments and state funds, investment funds.
• And so the reality is that they're just basically, uh, basically keeping track with inflation.
• And if you look at the M2 money supply, uh, that's really the, the, the, the driver of, of inflation
• And those risk factors, how do they impact on a regular basis, the movement of those investments and

Committee: House Investments & Pensions Oversight Committee

Transcript Highlights:

• I know there's times are tight and inflation is creeping up on budgets.
• , but this isn't inflation; it's a percentage.
• Do you have a fiscal impact for this? Thank you very much.
• So, I was looking for my fiscal impact statement.
• That it makes no fiscal impact or anything else.

Bills: HB3044 , HB3465 , HB3625 , HB3704 , HB3759 , HB3920 , HB3972 , HB4191 , HB4311 , HB4426

Committee: Senate Revenue and Taxation

Keywords: veterans, tax refund, Oklahoma Department of Veterans Affairs, capital improvement, donations, Oklahoma Emission Reduction, incentive, taxation, environment, revenue, investment, school funds, treasurer, education funding, financial policy, income tax, scholarship, tax credit, Oklahoma Tax Commission, school funding

Transcript Highlights:

• We only charge sales tax on the first $500 impacting those who can afford to pay more than $500.
• And according to the Revenue Estimating Conference, the total impact should be around $300,000 to to
• Inflation hurts the poor the most.
• It's the cruelest of tax because the wealthy can actually profit from inflation.
• And so the liquid, but do not keep up with inflation very well.

Transcript Highlights:

• </c><00:14:53.760><c> and</c> enhanced benefits and inflation and enhanced benefits and inflation and
• Uh the impact of this would shortfall.
• So, a significant impact to programs.
• However, we strongly impact our state.
• </c><00:25:20.880><c> more</c> future extreme weather impacts more future extreme weather impacts more

Bills: HF2439

Committee: House Environment and Natural Resources Finance and Policy

Transcript Highlights:

• This bill doesn't impact punitive damages at all.
• So I would agree that this bill doesn't impact punitive damages.
• It is not a randomly inflated number.
• It's a minor impact collision.
• This scheme has had a profound impact on our business.

Bills: SB30 , SB517 , SB1313 , SB1314 , SB1316 , SB1541 , SB1698 , SB1845 , SB1860 , SB2420 , SB2429

Committee: Senate State Affairs

Keywords: gambling, criminal offenses, penalties, defense, electronic devices, tobacco advertising, youth protection, public health, criminal offense, retailer regulation, e-cigarettes, nicotine products, health, public safety, regulation, advertising restrictions, health and safety, elections, election audit, county elections

Summary: The Senate Committee on State Affairs convened to discuss several critical pieces of legislation including SB30 and SB38. Senator Betancourt introduced a committee substitute for SB38 which underwent a smooth adoption process, moving it favorably toward the Senate. The meeting featured a mix of invited testimonies where both proponents and opponents took the floor. One notable highlight included a testimony from Melissa Casey, who criticized the current legal state as prone to fraud and detrimental to both insurers and the public at large, contending that it inflated insurance costs across the board. The discussions delved deeply into the implications of the bills on judicial processes and potential insurance ramifications, with spirited debates surrounding issues of non-economic damages and jury rights. The atmosphere remained engaged as committee members heard varied perspectives on the bills, showcasing a robust democratic process. The meeting underscored the importance of public testimony in shaping legislation, ensuring that multiple voices were considered as the committee pressed on towards making decisions that affect the legal landscape of Texas.

Transcript Highlights:

• And we don't see that connection so directly, but it is the belief that these would also be impacted,
• If we can get to a point that we can do inflation and future inflation, I'm done. Mr.
• If we can get to a point that we can do inflation and future inflation. debate.
• If we can get to a point that we can do inflation and future inflation, I'm done.
• You testified that you had an agreement to go to $15 with inflation built into it.

Committee: House Privacy and Consumer Protection

Summary: The committee hearing covered several bills on consumer protection, pricing, gift cards, streaming ads, name-image-likeness protections, and online hate. SB 259 by Senator Wahab would prohibit surveillance pricing based on device data such as geolocation; supporters said it would curb discriminatory and opaque pricing, while business groups raised concerns about geolocation language and impacts on legitimate location-based pricing. The bill was moved on a due pass motion and passed the committee 8-1, with the author saying amendments were still being discussed. SB 22 by Senator Laird would raise the amount consumers can redeem from unused gift cards, with the author emphasizing inflation and consumer fairness. Retailers, restaurants, and other business groups opposed the bill, arguing it would increase fraud risk, create safety concerns by requiring more cash on hand, and should also clarify existing exemptions and rules. Consumer advocates supported the measure. The bill was sent out on a 6-1 vote and kept on call. SB 576 by Senator Umberg, the CALM Act, would apply broadcast-style limits on loud commercials to streaming services; the Motion Picture Association and Streaming Innovation Alliance opposed it, citing technical and federal-law concerns, but the committee approved it 8-0. SB 683 by Senator Cortese would clarify that people whose name, image, voice, or likeness is misused can seek injunctive relief or a TRO, with the author saying the bill updates an outdated statute and strengthens privacy protections. The Recording Industry Association of America supported the goal but wanted faster takedown timing, while the First Amendment Coalition opposed the measure over free-speech and prior-restraint concerns. The bill passed 8-0. The final bill, SB 771, sought to hold social media platforms accountable when their algorithms amplify hate, harassment, or violence; supporters from Jewish and Muslim advocacy groups described real-world threats and violence linked to online hate, while TechNet and CCIA argued the bill would conflict with Section 230 and chill protected speech. Members raised questions about constitutional limits and the scope of platform liability, and the discussion continued as the hearing concluded.

Transcript Highlights:

• The impact of inflation on revenue, fuel prices, and food costs—so talk about fuel prices for a second—that
• Inflation can kind of go both ways in terms of impact on M&R.
• </c><00:35:34.839><c> of</c><00:35:35.000><c> inflation</c><00:35:35.480><c> on</c> Revenue um the impact
• of inflation on Revenue um the impact of inflation on fuel<00:35:36.119><c> prices</c><00:35:36.640>
• So what do you believe the impact on the tax revenue for fuel and inflation is right now?

Summary: The committee meeting began with an overview from the Legislative Budget Assistant Office on how Ways and Means will work with agencies and leadership during the budget and revenue-estimating process. Staff explained that the governor’s budget is still being developed, agencies are cautious about going on record early, and the committee will use worksheets and updated fiscal reports to track estimates. The presentation emphasized that the fiscal year 2025 budget status is a point-in-time snapshot and remains fluid because the annual comprehensive financial report has been delayed, which could change the beginning balances for both the general fund and education trust fund. The budget update highlighted that the general fund is currently stronger than originally assumed, while the education trust fund is weaker. The speaker said the general fund began FY25 with a much larger balance than expected, while the education trust fund came in lower due to higher-than-budgeted adequacy spending and weaker business tax performance. Revenue trends showed the general fund slightly ahead year to date, but the education trust fund down significantly. The committee also discussed unbudgeted appropriations, including attorney general litigation, legal settlements, abandoned property claims, adequacy true-ups, and education freedom accounts, as well as the role of lapses and off-budget items in the final balance. Members asked about the delayed liquor commission audit and whether it could affect revenue forecasts. Staff said the delay was mainly caused by the commission’s switch in point-of-sale systems and staffing losses, but did not expect major ongoing reporting issues. They also noted that liquor fund variances are more likely tied to Medicaid expansion costs than to commission operations. The governor’s office was said to be working on possible budget reductions, but no January request to the fiscal committee was expected. Commissioner Lindsay Stepp of the Department of Revenue Administration then presented an overview of state revenue sources, focusing first on the meals and rentals tax. She explained that DRA administers 14 taxes that account for most state revenue, and that meals and rentals tax growth has slowed after strong post-pandemic gains. She described factors affecting the tax, including employment, inflation, fuel and food prices, wages, and weather, and noted that online platforms like Airbnb have improved compliance by collecting and remitting tax on behalf of hosts. Members asked about short-term rental compliance and how DRA identifies unlicensed rentals; Stepp said referrals, anonymous tips, and platform data help enforcement.

Transcript Highlights:

• Why you guys want to hold the inflation.
• We're already seeing those impacts here in the state of Minnesota.
• We have not had a ton of detailed conversation about the impact of the federal cuts.
• </c> detailed conversation about the impact detailed conversation about the impact of<00:08:51.279><c
• </c><00:14:51.199><c> their</c> Washington and how it impacts their Washington and how it impacts their

Transcript Highlights:

• Operational impacts, fiscal impacts, and, again, I cannot stress this enough, prolonged delivery times
• So it's not simply inflation, though I mentioned a ladder truck. We needed a new ladder truck.
• In Los Angeles County, we have seen these impacts firsthand.
• on public agency. barriers to new manufacturers, and impacts on public agency procurement.
• I would assume climate change is not having as much of an impact on local.

Summary: The committee held an informational hearing on the rising cost and long delivery times for fire apparatus and related equipment, with opening remarks stressing that aging fleets, supply chain problems, and delayed replacements are affecting emergency readiness across California. Cal OES and Cal Fire described statewide procurement challenges, including higher prices, multi-year delivery timelines, two-year encumbrance limits, and the strain on mutual aid when engines remain in service beyond their intended replacement cycles. Cal Fire said it operates 537 engines, with 300 meeting replacement criteria and 243 at least 16 years old, and explained the difference between mandatory contracts and one-time acquisitions. The Department of General Services said vendors have cited labor costs, chassis pricing, and the need for longer production timelines, while also noting that statewide contracts can include nominal price increases but not open-ended price hikes. Local fire chiefs from Santa Barbara County, Los Angeles County, Napa, and Fullerton testified that apparatus prices have risen sharply while delivery times have stretched from under a year to three to five years or more. They described specific examples of engines and ladder trucks costing far more than prior purchases and arriving years later, forcing departments to keep older reserve apparatus in service, spend more on maintenance, and defer other budget priorities. Several witnesses said industry consolidation has reduced competition and contributed to delays and price increases, with Los Angeles County and Fullerton noting they have pursued antitrust complaints and litigation against major manufacturers. Napa also described proprietary parts and software limiting in-house repairs, and Santa Barbara County said a vendor’s unfulfilled delivery promise caused the department to lose its place in line. Members asked about possible solutions, including whether the state should consider manufacturing apparatus itself, whether procurement rules or prototype requirements could be streamlined, whether DGS staffing or contract processes could be accelerated, and whether more stable long-term purchasing commitments would help manufacturers plan production. Witnesses said safety-driven specification changes are necessary but can add time, and that the main bottlenecks are industry capacity, consolidation, and vendor performance. The vice chair raised concerns about how grant funding windows and local matching requirements are affected by multi-year delays, especially for small and rural departments that rely on grants and on used apparatus passed down from larger agencies. No votes were taken; the hearing concluded with committee members indicating interest in possible legislative, regulatory, and antitrust follow-up.

Transcript Highlights:

• The inflation numbers just came out this morning: 3% inflation still currently.
• The inflation numbers just came out this morning: 3% inflation still currently.
• The inflation numbers just came out this morning: 3% inflation still currently.
• That's inflation.
• That's inflation.

Summary: The House Commerce Committee opened a public hearing on House Bill 310, sponsored by Representative Keith Ammon, which would create a study commission to develop a legal framework for stable tokens and tokenized real-world assets. Ammon described stable tokens as blockchain-based digital tokens backed by U.S. dollars or treasuries, and tokenized real-world assets as representations of ownership in items such as gold, real estate, or artwork. He said the bill is intended to help New Hampshire get ahead of emerging financial markets while waiting to see how federal legislation develops. Committee members asked about the purpose of the bill, the difference between this proposal and Bitcoin, whether state regulation could be preempted by federal law, and whether the commission could be balanced and avoid becoming a vehicle for fraud or money laundering. Ammon said the proposal is blockchain-agnostic, could apply to multiple networks, and is meant to regulate asset-backed tokens rather than create a state-issued coin. He emphasized that the state would not be guaranteeing the underlying assets, but would set rules requiring audits, proof of reserves, and honest representation of backing, with the Secretary of State’s securities office involved in oversight. Several members raised concerns about the risks of stablecoins, including money laundering, tax evasion, and possible harm to the dollar or confusion about whether the state was endorsing a new currency. Ammon responded that the bill would not undermine the dollar and argued that tokenization could actually expand demand for U.S. currency by making it easier to use globally. He also said the state would not be in the business of weighing assets or directly valuing them, only ensuring a valid audit trail and one-to-one backing. The discussion ended with general agreement that the subject is complex and that a commission could help develop future legislation, but no vote or final action was taken in the hearing.

Transcript Highlights:

• This is from the Department of Revenue, and it shows the estimates for the fiscal impact of the various
• Wagner said the financial impact is real to their members.
• The first factor is inflation.
• </c><00:40:04.920><c> what</c> July 202 2012 thanks to inflation what July 202 2012 thanks to inflation
• </c> country this added weight and impact country this added weight and impact energy<00:43:01.839><c

Transcript Highlights:

• at Greater Twin Cities United Way impact at Greater Twin Cities United Way I'm<00:15:32.680><c> here
• It doesn't... horrific uh impacts to their life so uh horrific uh impacts to their life so uh I<00:43
• bill the maximum increase would be 0.3 percent when inflation overall was 1 percent.
• <c> was</c> going to the next year inflation was going to the next year inflation was 5.4%<01:13:33.120
• </c> increase and then in 24 the inflation increase and then in 24 the inflation was<01:13:59.639><c>

Committee: Senate Housing and Homelessness Prevention

Transcript Highlights:

• relating to agreements and a payment related to a natural gas project, and relating to municipal impact
• gas, relating to an alternative volumetric tax on natural gas throughput, relating to a municipal impact
• The Municipal Impact Grant Fund is simplified and the dollar figures are removed.
• Further amendments were made impacting foreign entity participation, cost overruns, effects of project
• failure, and inflation adjustments.