Transcript Highlights:

• The Legacy Fund balance has been...
• The Legacy Fund balance has been, the performance there has been fantastic.
• Sixteen were maxed out at 3%, but the balance were slightly less than 3%.
• Slide four is the OPSRF funding balance and well count by year.
• But our estimated June 2027 balance is about $54.4 million.

Keywords: 908, all

Transcript Highlights:

• The Legacy Fund balance has been...
• The Legacy Fund balance has been...
• Sixteen were maxed out at 3%, but the balance were slightly less than 3%.
• Slide four is the OPSRF funding balance and well count by year.
• But our estimated June 2027 balance is about $54.4 million.

Summary: The Budget Section met to approve prior minutes and receive a series of budget, revenue, and program updates from OMB, the Tax Department, DOT, DMR, and DPI. OMB reported that general fund revenues through May were about $76 million below the legislative forecast, driven mainly by individual income tax and sales tax shortfalls, though the biennium is still projected to end with a positive balance. OMB also reviewed oil price and production assumptions, the budget stabilization fund transfer above its cap, Legacy Fund performance, federal grant applications, fiscal irregularities, tobacco settlement proceeds, budget guidelines for agencies, vacancy savings, and the DAPL settlement, noting that most of the settlement funds had been deposited but a small amount of accrued interest would require a future deficiency request. The committee then considered Emergency Commission requests. It approved requests for Public Service Commission abandoned mine lands federal authority, an Attorney General FTE and related funding for criminal investigator work tied to the Office of Guardianship and Conservatorship, and a DPI transfer for bridge software costs. After discussion, the committee also approved DPI’s request for a $500,000 transfer for the food vendor program, despite questions about the program’s savings and cash-flow structure. Later, the Tax Commissioner presented the primary residence credit program, reporting that current biennium costs are expected to exceed the appropriation by about $22 million and explaining how the credit interacts with homestead and disabled veteran credits and the 3% property tax levy cap. The Legacy and Budget Stabilization Fund Advisory Board reported strong returns for both funds, and DOT sought and received approval for two flexible fund highway projects on ND 49 and ND 31. DOT also updated members on Highway 85 construction and said remaining flex fund dollars were essentially fully allocated. DMR reported on the abandoned well plugging and site reclamation fund, noting North Dakota’s relatively small orphan well inventory, current and projected fund balances, rising remediation costs, and a possible need to adjust the fund cap in future sessions. Finally, DPI outlined the new integrated formula gap funding program, explaining that it compensates school districts that cannot reach the assumed 60-mill local contribution because of the 3% levy cap; the first year’s gap funding totaled about $1.8 million, with future costs expected to grow.

Transcript Highlights:

• House Bill 2593 requires school district to have a restricted minimum fund balance level within their
• It removes provisions establishing maximum allowable amounts for general fund balances.
• Just to highlight a couple, this removes the maximum fund balance that was in the original bill.
• Financial minimum balance, just as there may be good reasons that school districts may have balances
• that exceed the maximum financial balance.

Summary: The House Education Committee first briefed several bills and amendments before going into caucus, then returned for executive action. House Bill 1295, on comprehensive literacy programs, was amended to require aligned literacy curricula and reporting, with one proposed substitute withdrawn and several amendments debated; the committee rejected amendments that would have added implementation deadlines and reporting, adopted an amendment requiring a 2032 OSPI report on literacy outcomes, and advanced the bill with a do pass recommendation. House Bill 2262, which adds cursive signature instruction to mandatory high school civics and requires election-related reporting on signature mismatches, was amended to recognize culturally specific signatures, include historical context about marginalized communities, remove a graduation-credit condition, and drop State Board monitoring language; the committee rejected a null-and-void amendment and advanced the bill. House Bill 2551, allowing certain school districts to sell real property with superintendent authorization, was debated as a fiscal flexibility measure and passed out of committee on a 10-4 vote. The committee also considered House Bill 2593 on school district fund balances and monthly financial reporting. A proposed substitute shifted the bill away from mandatory minimum fund balances toward formal financial monitoring for districts below required levels, technical assistance from OSPI, and possible withholding of apportionment payments for reporting failures; an amendment removed the withholding provision, and the substitute bill was then advanced with a do pass recommendation. House Bill 2594, establishing state-based protections for homeless students and aligning state requirements with McKinney-Vento, received a technical amendment to avoid duplicative provisions and was reported out unanimously. House Bill 2636, creating a Public Education Performance Operations and Funding Review Commission, was substantially revised into a Public Education Review Advisory Council that would work with JLARC to review education policy requirements and funding; a null-and-void amendment failed, and the committee advanced the substitute bill unanimously. Throughout the meeting, sponsors and members emphasized literacy improvement, student access, district fiscal stability, and reducing or reviewing unfunded mandates. Several members spoke in support of the bills as tools to improve outcomes or provide flexibility, while others raised concerns about mandates, reporting burdens, and the practicality of implementation. Final actions included multiple do pass recommendations, with recorded votes on HB 2551, HB 2593, HB 2594, and HB 2636, and unanimous or near-unanimous support on the other measures after amendment debate.

Transcript Highlights:

• Memorandum and balancing accounts act as... ...and balancing accounts that never expire.
• For example, in our letter, we stated that there were three new balancing accounts and six new balancing
• The key is to strike a balance.
• What can we do to make it fair and balanced?
• But then, you know, we have to find that balance.

Summary: The committee heard several energy, water, and utility bills, with extensive testimony on cost, ratepayer impacts, and climate or reliability goals. SB 919 by Senator Grayson would extend the biomethane monetary incentive program through 2030 and support renewable natural gas development by reducing interconnection cost barriers. Supporters said RNG helps methane reduction and organic waste diversion, while opponents, including TURN and environmental groups, argued the bill could shift costs to ratepayers and subsidize combustion-based fuels, especially dairy digesters. The author said committee amendments removed the rate-basing provisions and instead urged the CPUC to act quickly on its pending decision; the bill was left for a later vote. SB 931 by Senator Laird would reauthorize the Diablo Canyon Community Impact Mitigation Program through 2030. Supporters said San Luis Obispo County and local schools rely on the funding for emergency preparedness and public safety, while TURN argued the extension would add about $47 million in statewide ratepayer costs and should instead be paid from existing PG&E deal revenues. Members discussed the bill as a continuation of the 2022 Diablo Canyon agreement, and the author said the measure simply restores the five years omitted from that deal. The committee also heard SB 1215 by Senator Cortese, which would direct the CPUC to set deployment targets for EV charging in multifamily housing. Supporters said renters and apartment residents are largely shut out of home charging, and that prior utility programs showed the model can be cost-effective and beneficial to ratepayers. The bill was amended to address affordability, ratepayer benefits, and limits on major system upgrades. SB 1295 by Senator Stern would create a framework for using distributed batteries and other local resources to solve grid constraints more cheaply than traditional infrastructure. Supporters said it could improve reliability and reduce costs by targeting batteries where they provide the most grid value, while utilities said they were open to continued discussion. SB 1359, also by Senator Stern, would require the CPUC to more carefully evaluate major gas infrastructure investments and alternatives such as electrification before approving new spending. Environmental groups supported the bill as a guardrail against stranded assets, while gas utilities opposed it, warning it could undermine the obligation to serve, create safety and reliability risks, and retroactively change the rules for approved investments. On water policy, SB 1125 by Senator Menjivar would create a statewide low-income water rate assistance program upon appropriation. Supporters said about 1.6 million households have water debt and that affordability is a statewide issue, not just a problem for disadvantaged communities. Some members raised concerns that the bill lacked a funding source and that state mandates, such as chromium-6 treatment requirements, already strain local water agencies; the author and supporters responded that the bill includes administrative caps and transparency measures and is intended to work alongside future funding. The committee then heard SB 1098 by Senator Pérez, which would restrict the use of utility memorandum and balancing accounts by requiring exceptional circumstances, adding sunset dates, and creating cost-sharing or lower-return rules for certain spending. TURN and other supporters said the accounts allow utilities to recover costs after the fact with too little discipline, while Edison and PG&E opposed the bill, arguing that some costs are unpredictable and that the CPUC already has a formal review process. SB 1125 was moved to Appropriations with a roll call, and the roll was left open for additional votes; the other measures were discussed with no final committee actions announced in the excerpt.

Transcript Highlights:

• But they still had to be balanced to the 2020 census data.
• So that's simply just part of the balancing of all of the standards.
• So that's simply just part of the balancing of all of the standards.
• So in that respect, they are balanced completely to the 2020 census data.
• There was no way to actually balance all of that.

Summary: The Committee on Rules met with a quorum and heard a Governor’s Office presentation on a proposed congressional reapportionment map. The governor’s counsel argued that mid-cycle congressional redistricting is legally permissible, that race should not be considered at all in drawing districts, and that the Florida Fair Districts provisions are inconsistent with federal equal protection law and should be treated as non-severable. The presentation also discussed the pending U.S. Supreme Court case Louisiana v. Callais and the Florida Supreme Court’s Black Voters Matter decision as part of the legal rationale for the map. Jason Parada, who said he drew the map alone, described the map as based on 2020 census block data, with county-level population estimates used only as a guide to identify faster-growing areas. He said the plan keeps 48 counties and 382 municipalities whole, has compactness scores similar to the current benchmark map, and uses traditional geographic and political boundaries such as roads, railways, county lines, and municipal lines. He walked through regional changes, emphasizing a race-neutral redesign that significantly altered South Florida, including changes to districts in Palm Beach, Broward, Miami-Dade, and the Everglades, while leaving several northern districts largely unchanged. Members questioned the witnesses extensively about the legal theory, the use of partisan data, the role of race, population growth, and the timing and review of the map. The witnesses said partisan data was considered along with other traditional redistricting criteria, but race was not used. They also said they could not speak to who else reviewed the map beyond EOG staff and counsel. Several senators raised concerns about the map’s compactness, county and city splits, the apparent partisan effects, and the fact that the map was released shortly before the special session. No vote or final action on the map was taken during the portion of the meeting provided.

Transcript Highlights:

• So $261 million is the required balance.
• We finished the biennium with higher balances, or accumulating higher balances this biennium, and those
• We finished the biennium with higher balances, or accumulating higher balances, this biennium, and those
• They carry a continual balance, so you see the balance forward on those, and then the cost center to
• And then at the bottom, it balances back to the overarching fund balance or our cost center balance,

Keywords: 908, all

Summary: The Budget Section met with a quorum, approved the December 10, 2025 minutes, and received a general fund and revenue update from the Office of Management and Budget. OMB reported the state was about $2 million ahead of forecast biennium-to-date, with an estimated ending general fund balance of about $397.5 million. Joe Morset also reviewed balances in major funds, oil tax revenues, interest income, federal grant reporting, fiscal irregularities, the voluntary separation incentive program, vacancy savings, and the FTE pool. Members asked about the higher-than-forecast interest income, the effective oil tax rate and stripper-well production, the impact of temporary pay adjustments and vacancy savings, and whether the voluntary separation program could reduce institutional knowledge or shift duties to remaining staff. The committee then approved four Emergency Commission requests: $5.26 million for DPI to support an AI-enabled tutoring platform, $105,000 from the general fund contingency for Corrections GPS monitoring, about $1.963 million for HHS SPACES eligibility system upgrades tied to Medicaid work requirements, and about $1.2 million for SNAP eligibility IT improvements. Legislative Council reported remaining interim spending authority after those approvals, and NDIT gave an update on digital accessibility compliance efforts, saying the state has made substantial progress on websites and PDFs but that applications will take longer to remediate. NDIT also reported on the Infinite Campus student information system rollout, noting data migration remains the biggest challenge and that a supplemental vendor is being brought in to help get districts ready for summer go-live. Greg Hoffman then gave a brief update on NDIT’s operational fund, saying cash remains negative in PeopleSoft but accounts receivable keeps the fund functioning within federal limits. The Supreme Court reported on its new and vacant FTE funding pool, saying it has filled 7 of 10 new positions and has realized some vacancy savings, and Legislative Council provided a similar report for the legislative branch along with a reminder that budget action reports are available online. The Department of Transportation presented its Flexible Transportation Fund, explaining the fund’s allocation formulas and ranking process, and sought Budget Section approval for two projects over the $10 million threshold: a Medora city streets and sidewalk project and a Cass County bridge replacement. Members questioned whether funding Medora streets could set a precedent for city street reconstruction and whether the bridge application process fully reflects statewide needs. DOT said the projects were scored competitively and that the bridge list does not capture all deficiencies statewide.

Transcript Highlights:

• When I say that, I think we could balance the budget problem we have here.
• We kept a balanced budget.
• </c><00:15:33.319><c> the</c> gets the first crack at balancing the gets the first crack at balancing
• </c> options on the table as far as balancing options on the table as far as balancing the<00:19:09.840
• </c> problem um we we put in a balanced problem um we we put in a balanced budget<00:20:58.120><c> and

Keywords: 1187, senate, all

Transcript Highlights:

• That the trust fund balance does not get too low. It kicks in before we get there.
• VEC routinely monitors the balance of the trust fund.
• Based on June 15 data, we project an annual fund balance factor of 50.9%.
• But it's a projected balance that can go either way.
• The pike when we calculate the fund balance factor.

Summary: The Commission on Unemployment Compensation met, established a quorum, and elected Delegate Destiny LeVere Bolling as chair and Senator Mike Jones as vice chair. The commission also adopted its electronic meeting policy and heard introductions from new members, staff, and officials from the Secretary of Labor’s office and the Virginia Employment Commission (VEC). Secretary Jessica Lumen outlined the administration’s workforce and labor priorities, including supporting workers, employers, and program transparency, while members raised concerns about business climate, job losses, labor participation, and the implementation of paid family and medical leave. Staff provided legislative updates on recent unemployment-related bills. These included increases to the weekly unemployment benefit amount enacted in 2025 and 2026, a bill on labor dispute disqualification that changed how lockouts are treated for benefit eligibility, and a budget item providing $75,000 for actuarial support to the commission. The commission also discussed the 2025 work group on annual adjustments to weekly benefit amounts; staff reported that the work group did not complete its charge, and members agreed to revisit whether to reconstitute it at a future meeting. Delegate Martinez expressed support for continuing the work, and the chair said the issue would be taken up at the next meeting. Deputy Commissioner Joanna Darkus gave a detailed presentation on Virginia’s unemployment insurance system, including current claims data, eligibility rules, employer tax structure, benefit levels, trust fund solvency, fraud prevention, and customer service operations. She reported that Virginia’s unemployment rate remains low, weekly claims are modest, the current weekly benefit range is $160 to $478, and the trust fund balance factor is projected at 50.9 percent, near the threshold for additional employer charges. Members asked about the taxable wage base, trust fund solvency, the effect of benefit increases, fraud controls, and the planned paid family and medical leave program. VEC said it is implementing that program through regulations, staffing, IT procurement, public listening sessions, and consultation with other states. A public commenter from the Virginia Poverty Law Center urged the commission to strengthen state investment in unemployment insurance and warned that federal support is uncertain. The commission then adjourned without taking further action.

Transcript Highlights:

• But we've balanced the budget for the people of Minnesota.
• And there have been many times when we've balanced the budget and people have lost access to certain
• It's not what I would ever choose to do of my own volition, but we needed to balance the budget and we
• the budget and people have lost balanced the budget and people have lost access<00:03:07.040><c> to<
• </c><00:16:12.160><c> The</c> on the on the balance sheet. Yeah. The on the on the balance sheet.

Keywords: 1187, senate, all

Transcript Highlights:

• Uh, balance billing.
• then all of a sudden you get this Uh, balance billing.
• An EMS provider may Uh, balance billing.
• Balance billing is a benefit plan.
• &gt;&gt; Balance billing is gone. &gt;&gt; Balance billing is gone.

Bills: SB9, HB400, SB9, HB400

Keywords: Alabama Athletic Commission, Attorney General, criminal penalties, unarmed combat, regulation, boxing, mixed martial arts, civil fines, dental insurance, benefit rollover, healthcare, insurance policy, annual maximum, smoking ban, vaping, public health, indoor air quality, clean air, ambulance services, health insurance

Transcript Highlights:

• But so if we don't scoop the balances or raid the balances or whatever technically kick the balances,
• But so if we don't scoop the balances or raid the balances or whatever technically kick the balances,
• But so if we don't scoop the balances or raid the balances or whatever technically kick the balances,
• But so if we don't scoop the balances or raid the balances or whatever technically kick the balances,
• But so if we don't scoop the balances or raid the balances or whatever technically kick the balances,

Bills: SB2613, SB2147

Keywords: public school land transfer, Department of Education, DOE, land conveyance, fee simple title, tax map key, TMK, Act 307, Session Laws of Hawaii 2022, Act 139, Board of Land and Natural Resources, BLNR, Department of Land and Natural Resources, DLNR, Kauai, Maui, Honolulu, Kaimuki Middle School, Wilcox Elementary School, school property

Summary: The committee heard SB 2613, a cleanup bill relating to public school land transfers under Act 307 (2022), which revises tax map key references and the conveyance process for properties transferred to the Department of Education. The Hawaii State Public Library System supported the measure, saying it would complete the long-unfinished separation of the library system from DOE property control and make future building projects more efficient and cost-effective. DOE also supported the bill and requested an amendment to remove TMK 43-62 parcel 10, the Wilcox Elementary School parcel, so that it could instead be transferred to the county for use with the adjacent park and tennis courts. Members focused heavily on why land transfers and construction approvals have been slow, especially the need for right-of-entry documents and an MOA for a library construction project. Library and DOE witnesses said the delays stemmed from site-control issues and confusion over property status, and that the bill would clarify which parcels are transferred by operation of law and remove the need for additional transactional documents in many cases. Several members questioned whether the bill actually changes authority or simply clarifies existing practice, and DOE said it wanted legislative clarity so the transfers are unmistakably effective on a date certain. The committee also discussed a separate section of the bill dealing with public use of school facilities after hours, including parking fees on property under DOE jurisdiction. DOE explained that any parking charges would apply only to property it controls, not county roads, and that fees are set through existing facility-use procedures. Members raised concerns about the pace of land transfers generally and urged DOE to move more expeditiously on pending parcels. The hearing then moved on to SB 2147, which would designate the first Friday in February as Love My Library Day; the library system testified in support as the committee began that measure.

Transcript Highlights:

• So in the 2025-27 biennium, you won't see that in the assigned fund balance.
• So, you know, that's why you see a large ending balance there.
• So any balance there, actual balance was $8.6 million.
• We hold those off-balance-sheet. That is your funding.
• So we have the blessing of the average deposit balances of the state that we utilize.

Summary: The committee took roll, approved the March 18 minutes, and then received a compliance-report update on the Industrial Commission and related funds and programs. Staff reviewed the status of one-time appropriations and grant programs, including electric grid resiliency, lignite research, enhanced oil recovery, the Clean Sustainable Energy Authority, the salt cavern business-case study, and the new NDSU research and technology park grant. Members asked about funding balances, reimbursement timing, matching requirements, and how some commitments would affect the State Investment Fund and future biennia. Industrial Commission staff then gave a broader update on the agency’s administrative office, grant management system, leadership transitions at several commission agencies, and active grant rounds. They reported that the grant management system is nearing completion, that several agency leadership searches have concluded, and that the commission’s grant programs currently have 108 active grants totaling more than $165 million. They also described the Clean Sustainable Energy Authority round, the oil and gas research program’s enhanced oil recovery awards, the grid resiliency grants, the salt cavern study, and the research technology park program, noting that some projects are awaiting federal funds or additional matching cash. Ron Ness, speaking for the Oil and Gas Research Council, focused on the state of the oil industry and the enhanced oil recovery “Bakken 2.0” effort. He said production remains steady, but future growth depends on better infrastructure, longer laterals, and new EOR methods such as CO2, natural gas, and surfactants. He emphasized the importance of the Bakkeneast pipeline and related gas-utilization projects, the recent DOE funding that will return some money to the research council, and the need to modernize tax and incentive rules for CO2-based recovery. Members discussed the potential economic benefits for oil, agriculture, and manufacturing. The Bank of North Dakota then presented its compliance report and a broader strategic update. Bank leadership reviewed the bank’s mission, governance, participation lending, student lending, disaster programs, and legislatively directed programs, and said the bank is managing for a flatter deposit base and stronger liquidity because of fintech competition and changing market conditions. They reported improved earnings, with net income rising to about $231 million, and described Rough Rider Coin as a new internal payment rail for North Dakota banks and credit unions, not a public cryptocurrency. Members asked about student loan eligibility, disaster lending, and the bank’s capacity to support state programs while maintaining its balance-sheet and liquidity requirements.

Transcript Highlights:

• Lisa's leadership is also marked by a remarkable balance between listening and acting.
• Lisa's leadership is also marked by a remarkable balance between listening and acting.
• Lisa's leadership is also marked by a remarkable balance between listening and acting.
• <00:35:45.040><c> balancing</c><00:35:45.520><c> boldness</c><00:35:46.000><c> with</c> balance balancing
• boldness with balance balancing boldness with collaboration<00:35:47.359><c> leadership</c><00:35:48.040

Keywords: 1183, house

Transcript Highlights:

• I think it's the fairest, reasonable balance.
• </c><00:22:53.640><c> the</c> possible we're trying to balance the possible we're trying to balance the
• </c><00:57:23.920><c> as</c> that we were being as as balanced as that we were being as as balanced as
• </c> wouldn't normally have to balance wouldn't normally have to balance whether<01:00:08.520><c> that
• </c><01:07:44.720><c> right</c> the amount is is the right balance right the amount is is the right balance

Keywords: 910, house, all

Summary: The joint committees heard testimony on HB 982 HD1, a wildfire-related measure aimed at creating a wildfire recovery fund and a financing structure to address future catastrophic wildfire liability. The Department of Commerce and Consumer Affairs, the Division of Consumer Advocacy, and the Public Utilities Commission submitted comments and were available for questions. Supporters included IBW Local 1260, Kauai Island Utility Cooperative, Clearway Energy Group, Hawaiian Electric, Par Hawaii, and others, while Charter Communications and the Hawaii Association for Justice opposed or raised concerns. Life of the Land supported the bill but urged changes to the definition of a catastrophic wildfire and noted concerns about prudency review language. IBW Local 1260 asked to restore language from the original draft, and Charter warned the bill could impair existing contract and indemnity rights unless amended. A major focus of the hearing was Hawaiian Electric’s position on the HD1 version. Hawaiian Electric strongly supported the original bill but objected to the HD1 requirement for an additional $500 million shareholder contribution, arguing it was not feasible and could delay or prevent the fund from operating. The company said the bill would help protect customers and improve credit ratings by creating a dedicated revenue stream and a bankruptcy-remote financing structure, which it said would lower borrowing costs over time. Members questioned how the $1 billion securitization amount was chosen, whether credit rating agencies had indicated it was sufficient, and how the bill would work in bankruptcy; Hawaiian Electric said the amount was a balance among interests, not based on a specific agency directive, and that it would follow up on bankruptcy questions. Opponents and skeptics raised concerns about liability caps, the new claims process, and unclear language on damages above the fund’s limits. The Hawaii Association for Justice argued the bill limits victims’ remedies and gives too much authority to the new entity without clear guardrails. Committee members also pressed Hawaiian Electric on comparisons to California, the feasibility of the shareholder contribution, and whether alternative capital-raising or divestiture options had been considered. No vote or final action was taken in the portion of the hearing provided; testimony and questioning continued with follow-up information requested from Hawaiian Electric and others.

Transcript Highlights:

• And hopefully we've struck the right balance.
• On the private bar issue, we balance fiscal responsibility...
• On the private bar issue, we balance fiscal responsibility with maintaining public trust in the rule
• So we have a balance, surplus balance of almost $1.7 billion that will sit in a reserve fund, as it did
• So we have a balance, surplus balance of almost $1.7 billion that will sit in a reserve fund, as it did

Keywords: 995, all

Summary: The Senate first debated and advanced Senate Bill 2561, an act to promote student learning and mental health, centered on a statewide bell-to-bell restriction on student cell phone use in schools. Supporters argued the bill would reduce distraction, improve academic performance and mental health, and encourage social interaction, while preserving flexibility for districts and exceptions for emergencies, special education, health needs, and instructional uses. Several senators emphasized local control and the need for public input, and a number of amendments were considered: some were withdrawn, some were rejected, and others were adopted, including an amendment requiring consistent and necessary exceptions and another requiring public hearings and local public input. The bill was then ordered to a third reading and passed to be engrossed by a roll call vote of 38-2. The Senate also took up a conference committee report on a $259 million FY2025 supplemental appropriations bill. The report funded EMS costs, home care, the Healthy Incentives Program, DTA chip card technology, veterans benefits, the state police crime lab, the SSI state supplement, the Fair Housing Fund, and the National Guard, and included major indigent defense provisions: $40 million for 320 new CPCS staff attorneys, rate increases for private bar advocates, guardrails to reduce future work stoppages, and an independent review of the indigent defense system. Senators questioned the timing of the report, the inclusion of items not previously voted on by either branch, and the funding sources, including use of the transitional escrow fund and excess revenues. The report was accepted, the emergency preamble was adopted, and the supplemental budget was enacted. In addition, the Senate passed other measures, including a bill authorizing the Massachusetts Water Resources Authority to supply water to the Linfield Center Water District and a municipal roads and bridges financing bill, both by roll call vote. The chamber also enacted a health care protections bill, and it concurred in referrals on a governor’s municipal empowerment legislation. The session included a brief memorial tribute and adjournment in memory of Harry C. Christensen.

Transcript Highlights:

• And then on the right side of the figure, we have reserve balances as a share of spending.
• It's ranked 27th in terms of reserve balances as a share of spending in 2024.
• The first is balance. The second is diversification.
• So let me take these one at a time, starting with balance. So what needs to be balanced?
• Two things, in our opinion, need to be balanced.

Summary: The Assembly Budget Subcommittee on Accountability and Oversight held a hearing on proposals to reform California’s Budget Stabilization Account, or rainy day fund, ahead of the May Revision. Members and witnesses reviewed how Proposition 2 (2014) changed reserve rules, including mandatory deposits, a 10% cap on the fund, and limits tied to the Governor’s declaration of a budget emergency. LAO staff explained that California’s revenues are highly volatile, that current reserve rules are complicated by interactions with Proposition 98 and the Gann limit, and that under current law reserves would cover only about one-third of funding shortfalls in a benchmark scenario over 50 years. The LAO presented its report recommending a larger reserve target, including raising the cap to 50% by 2055 and pairing that with either broader, more flexible deposit rules or a simpler approach that deposits all excess capital gains. The Department of Finance described the Governor’s proposal to raise the cap from 10% to 20% and exempt BSA deposits from the state appropriations limit, while Assembly Member Valencia presented ACA 1, which would make similar changes and was described as an evolving proposal. Testimony generally supported saving more during boom years, but differed on how much to hardwire into the Constitution versus leave flexible, and on whether to broaden the deposit formulas beyond capital gains. Public witnesses and committee members raised additional issues, including whether reserve reforms should also address debt repayment, the treatment of unemployment insurance fund debt, and whether the Gann limit should be adjusted to better allow reserve growth. Supporters argued that stronger reserves would protect Californians from cuts during downturns and help the state weather volatility and federal funding threats. Some advocates warned that reforms should not come at the expense of current public needs, while taxpayer representatives cautioned against turning the BSA into a pass-through account that weakens constitutional spending limits. The hearing ended without a vote, with the committee chair noting the complexity of the issue and adjourning after public comment.

Transcript Highlights:

• So that's simply just part of the balancing of all of the standards.
• But Jason, trying to convince my mom to move down here, so we can balance it out.
• So in that respect, they are balanced completely to the 2020 census data.
• So in that respect, they are balanced completely to the 2020 census data.
• There was no way to actually balance all of that.

Keywords: 999, senate, all

Transcript Highlights:

• </c> Speaker, I yield the balance. Speaker, I yield the balance.
• </c> the balance of my time. the balance of my time.
• </c> balance of my time. balance of my time.
• </c> back the balance of my time. back the balance of my time.
• </c> the balance of my time. the balance of my time.

Keywords: U.S. House of Representatives Floor Proceedings on Monday, May 5, 2025, 1012, house, all

Transcript Highlights:

• The overabundance of kangaroos disrupts ecological balance.
• And, you know, there was a move to... ...the right balance.
• We believe this strikes a balance, an important balance, by enabling current and prospective residents
• We believe this strikes a balance, an important balance, by enabling current and prospective residents
• They strike a wise balance.

Summary: The committee heard SB 1393, an omnibus update to the Fish and Game Code covering steelhead trout and Dungeness crab management. The author and supporters said the bill would strengthen the steelhead trout report card program, extend and refine Dungeness crab management, and clarify vessel transit rules in closed crab fishing areas. The Nature Conservancy, Trout Unlimited, and other supporters said the measure implements long-standing task force recommendations and supports both conservation and coastal fishing communities. There was no opposition, and the bill was moved forward on a 4-0 vote to Appropriations. The committee also heard SB 1250, which would require Caltrans to incorporate wildlife connectivity into transportation planning and asset management, set performance targets, and coordinate with wildlife agencies. Supporters from conservation, animal welfare, land trust, and local government groups said the bill would reduce wildlife-vehicle collisions, improve public safety, and better integrate crossings, culverts, and fencing into routine highway projects. The California Building Industry Association moved to a neutral position after amendments clarified the bill would apply to transportation right-of-way planning and not create exactions on private property. Members discussed the bill’s relationship to Caltrans planning authority and existing funding, and it was passed to Appropriations on a 4-0 vote. Senator Gonzalez’s SB 1268, which would codify the state’s Outdoors for All initiative, also received broad support from environmental justice, conservation, parks, and recreation groups. Testimony emphasized inequitable access to parks and nature, especially for low-income communities and communities of color, and said the bill would make the initiative more durable by placing it in statute. The chair and members spoke in favor of expanding outdoor access, and the bill was approved on a 3-0 vote with some members not yet voting. The committee then heard three Western Joshua tree bills from Senator Ochoa Bogh. SB 1061 would streamline relocation of limited numbers of trees without fees in certain cases; SB 1062 would require proportionate or tiered mitigation fees for public utilities and agencies; and SB 1063 would create an expedited, fee-free permitting path for basic residential utility and wildfire-hardening projects. Supporters, including local water agencies, counties, and farm and business groups, said the current law imposes heavy costs on desert residents and ratepayers. Opponents, including wildlife and conservation organizations, argued the bills would weaken protections for a species they said is threatened by climate change and habitat loss, and noted that existing administrative processes are already addressing fees and permitting. After amendments, opposition was withdrawn on SB 1061 and SB 1062, and both bills advanced on 3-0 votes to Appropriations; SB 1063 remained under discussion in the portion provided.

Transcript Highlights:

• It balances accountability with flexibility.
• </c> tax levies and then um it balances tax levies and then um it balances accountability<00:12:54.279
• I'm not one who wants to run a 20%, 25%, or 30% fund balance.
• I'm not one who wants to run a 20%, 25%, or 30% fund balance.
• Food Service fund balances in the state Food Service fund balances in the state of<00:52:13.960><c> Minnesota

Bills: HF957, HF877

Keywords: education, mandate relief, school funding, local control, state laws, fund transfers, 1183, house