Video & Transcript Research : 'declaratory statement'

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AZ

Arizona 2026 Regular Session

01/29/2026 - House Rural Economic Development

Rural Economic Development

Transcript Highlights:
  • I know that Craig McFarland did have a statement that he would...
  • I know that Craig McFarland did have a statement that he would like to read.
Summary: The Committee on Rural Economic Development met briefly, adopted its committee rules, and heard several bills focused largely on Apache Junction, La Paz County, broadband, transportation, and rural economic development. HB 2258 would add La Paz County to Area 4 for representation on the Tourism Advisory Council and was described as correcting an omission; it passed unanimously 7-0. HB 2065 appropriates $9.5 million for Apache Junction housing infrastructure, rehabilitation, and blight abatement; members discussed statewide housing shortages and the need for targeted rural-adjacent investment, and the bill passed 6-1. The committee then considered HB 2066, which appropriates $8 million for broadband and fiber optic expansion in Apache Junction. The sponsor emphasized rural connectivity and safety concerns, especially for the Navajo Nation and students, and expressed openness to federal BEAD funding and amendments; the bill passed 6-1. HB 2106, an emergency measure to direct undistributed county transportation excise tax revenues to ADOT for Pinal County road projects, was explained as a way to use escrowed funds for the voters’ intended purpose after litigation over the tax; it passed unanimously 7-0. Finally, HB 2071 would appropriate $15.5 million for a rural business and workforce hub, infrastructure revitalization, and a rural health and community services facility in Apache Junction. Members discussed whether the proposal should be broadened to other rural areas and the need for accountability and possible amendments, including for the Navajo Nation; it passed 6-1. The chair noted that one remaining bill would be held for the next agenda, and the committee adjourned.
TX

Texas 89th 2nd C.S.

Elections Aug 25th, 2025

Elections

Transcript Highlights:
  • And so, um, there is a process that's outlined here as far as if a member, uh, determines by statement
  • Based on statement of fact that somebody benefited financially from a quorum break.
Bills: HB18
CA

California 2025-2026 Regular Session

Assembly Floor Session Jul 3rd, 2025

California House Floor Meeting

Transcript Highlights:
  • But AB 1138 is the Legislature's statement that the story of California's film and television industry
  • ... ...is the Legislature's statement that the story of California's film and television industry is
Summary: The Assembly convened on June 4, 2025, first addressing a quorum call before proceeding with the day’s business. Members handled several procedural motions, including a failed attempt to withdraw AJR 4 for immediate consideration, approval of requests to notice bills pending re-referral, and a successful motion to withdraw SB 119 from Budget and Fiscal Review and place it on third reading. The chamber also rescinded prior action on SB 47, re-referred SB 355 and SB 685 to Appropriations, and authorized notice for a Housing and Community Development hearing on SB 522. On the floor, the Assembly concurred in Senate amendments to AB 369, a measure on emergency services that increases access to life-saving medication for people with seizure disorders, by a unanimous vote. Members then took up AB 1138, the major film and television tax credit measure, with extensive support from the author and other members who described the bill as a response to California’s declining production and job losses; the bill’s urgency clause and Senate amendments were concurred in, and it was sent immediately to the Governor. The Assembly also concurred in Senate amendments to AB 313 on student financial aid. The body adopted SJR 2, which urges Congress to protect the rights of classified school employees, after debate emphasizing the importance of paraeducators, bus drivers, custodians, clerical workers, and food service staff. The Assembly then adopted the second-day consent calendar, including SCR 25 on nuclear fusion and several other Senate concurrent resolutions, and added coauthors to SCR 74 on Flag Day. The session concluded with announcements, birthday acknowledgments, and adjournment until Monday, July 7 at 1 p.m.
WA
Transcript Highlights:
  • Speaking of close collaboration, what do you make of the governor issuing a lengthy statement about the
  • And, you know, I think if you watch his statements over time, I think you can see that he had a significant
Summary: House and Senate Democratic leaders held a post-sine-die press availability to describe a difficult 2025 session and the major budget and policy outcomes. They said the state faced a $16 billion operating shortfall and an $8 billion transportation gap, along with inflation, slowing revenue, federal uncertainty, and a new governor. Despite that, they said the chambers reached balanced operating and transportation budgets while trying to avoid harming vulnerable residents or overburdening working families. The leaders highlighted several priorities they said were advanced: increased school funding, including about $1.4 billion more for special education; housing measures such as rent stabilization, parking minimum reforms, lot-splitting, and middle-housing enforcement; and public safety funding, including a $100 million one-time law-enforcement appropriation requested by Governor Ferguson. They also discussed a community reinvestment approach and said local governments would have more flexibility to fund community safety. They acknowledged that balancing the budget required painful cuts and tradeoffs, including delays to child support pass-through payments and TANF benefits, reduced support for higher education and student aid, higher child-care copays and fewer child-care slots, closure of one prison and four reentry centers, and reductions in managed care payments. They also said the tax package included modest business tax increases, including a surcharge on some large businesses and sales tax changes for certain services, and that a wealth tax remained alive for future sessions even though it was not part of this year’s budget. Much of the discussion focused on the new governor’s role and whether there was tension over his review of the budget and bills. Leaders said communication with the governor and his staff had improved over the session, that they expected him to carefully review the legislation, and that they were not reading anything into his absence from the press conference. They repeatedly emphasized bipartisan and bicameral collaboration, and several speakers described the session as one of the most challenging they had experienced, citing the budget gap, federal uncertainty, and recent personal losses in the Legislature.
ND

North Dakota 2025-2026 Regular Session

House Appropriations Apr 2nd, 2025 at 09:00 am

Appropriations

Transcript Highlights:
  • Before you, we have the statement of purpose, and I'll just summarize.
  • We have the statement of purpose, and I'll just summarize the changes from the executive budget that
Keywords: 908, all
Summary: The committee met to consider three measures, beginning with Senate Bill 2016 for Job Service. Testimony described Job Service’s workforce, unemployment insurance, and labor market functions, its long-term reduction in FTEs and budget, and its reliance on federal funding that does not keep pace with inflation. The bill included funding for an additional FTE for the H-2A housing inspection program, continued support for the JP3 offender placement pilot, and one-time funding for IT and mainframe costs tied to a system modernization effort. The committee approved the bill 20-0, with Representative Swiontek named as carrier. The committee then discussed Senate Bill 2305, which would allow family members to be paid as caregivers for certain young people with disabilities instead of only licensed outside providers. Members noted the specialized, 24-hour nature of the care, workforce shortages, waiting lists, and the potential to avoid more expensive institutional care. Questions focused on how the program would be structured, including certification requirements and whether it would remain a pilot or become part of the broader human services budget. The committee passed the bill 20-0, with Representative Roar as carrier and Representative Nelson available as backup. Finally, the committee took up Senate Bill 2024 for the Department of Environmental Quality. The House change was limited to increased special-fund support for water and wastewater operator certification testing to expand availability, while the Senate version already included added FTEs for emerging contaminants and fuel inspection work. Members discussed federal funding uncertainty, including IIJA and ARPA-related concerns, but the department said its major projects, including the new laboratory, were not currently in jeopardy. The committee adopted the amendment and then passed the bill as amended 22-0, with Representative Berg as carrier.
KY
Transcript Highlights:
  • I don't think that's a fair statement at all.
  • So I don't think that was a fair statement to make as far as this request goes.
  • <00:36:35.200> We<00:36:35.520> we that's a fair statement at all.
  • We we that's a fair statement at all.
  • uh statements and and questions<02:26:24.000> there.
Summary: The Juvenile Justice Oversight Council met on February 6, 2026, took roll, approved a motion to convene, and heard agency updates from materials in the packet. The council then took up Senate Bill 125 out of order because Senator Carol was present. The bill was presented as a collaborative effort focused on creating a secure, state-run high-acuity mental health facility for justice-involved youth who need specialized psychiatric care and cannot be appropriately served in detention or by private hospitals. Speakers said the facility would fill a gap in services, improve safety and treatment outcomes, and be designed with trauma-informed, medically equipped spaces rather than a jail-like setting. The presenters also outlined other parts of the bill, including a placement process in which DJJ and CHFS would evaluate youth and provide recommendations before the judge makes the final decision, with certain hospital-declination provisions to be delayed until the new facility is operating. They described payment incentives for hospitals treating high-acuity youth, confidentiality and escape-related disclosure provisions, and contracts with a public teaching university for clinical services. The proposed facility was described as a 24-bed center at Central State, with staffing to include mental health professionals and juvenile detention staff receiving enhanced training. Dr. Clark Lester said staffing needs would vary by youth and could include one-to-one supervision for some patients. The bill also addressed female juvenile detention capacity. Speakers said the number of detained girls has risen sharply since 2024, peaking at 51 in 2025, and that current facilities cannot meet the separation requirements for boys and girls or high- and low-level youth. The proposal would build two female detention centers, with possible locations discussed in central Kentucky and western Kentucky, and a third or fourth center could be added if population data show the need. Members asked about hospital placement authority, staffing, and average length of stay for girls; the presenters said the current court-order process would remain until the new facility is built and that they would provide additional data later. No vote was taken during the portion of the meeting provided.
NH

New Hampshire 2025 Regular Session

Senate Education (04/22/2025)

Education

Transcript Highlights:
  • , but so the way I understand statement, but so the way I understand this,<01:35:26.880> there
  • Um, my next statement has to do with the EFAs being used for religious schools.
  • Um my next statement has to do with on.
  • So, it is a political statement in my judgment to try to universalize school vouchers.
  • <03:03:36.479> of websites, they have their statement of websites, they have their statement
Keywords: 1191, senate, all
HI

Hawaii 2025 Regular Session

JHA Public Hearing - Thu Mar 27, 2025 @ 2:00 PM HST

Judiciary & Hawaiian Affairs

Transcript Highlights:
  • from environmental impact statement from environmental impact statement requirements<00:41:57.640
  • Senate Bill 1074, Senate Draft 2, House Draft 1, relating to environmental impact statements.
  • or even a programmatic statement or even a programmatic environmental<01:07:35.960> review<01
  • This is precisely why community groups are demanding an environmental impact statement for Kapali on
  • Happen, but could you comment on that statement? Sure.
Keywords: 910, house, all
Summary: The committee heard several measures, beginning with SB 946 on wastewater management, which would clarify that the ban on discharging wastewater or raw sewage into state waters after 12/31/26 applies to treatment plants. Testimony was in support from the Department of Health, Maui County Council, Mayor Bisson, and individuals, and no one testified in opposition. SB 849 on wildlife conservation would prohibit intentional taking, harming, or killing of the Hawaiian hawk (ʻio) and increase penalties for taking native aquatic life, wildlife, and land plants; DLNR supported the bill, noting the ʻio was delisted federally in 2020 and that the measure also updates penalties and adds a rehabilitation/community service option. No questions were raised, and the bill drew support testimony only. For SB 330 on invasive species prevention, the Attorney General raised a supremacy clause concern with language requiring state enforcement of federal quarantines and recommended reverting to a prior version with a catchall for federal regulation. The Coordinating Group on Alien Pest Species supported the bill as a way to close a biosecurity gap, while the Department of Agriculture said it supported the intent but wanted to avoid acting without a cooperative agreement with USDA and suggested deleting the portion allowing action without such an agreement. The committee also heard SB 1393 on public land use, which would require the School Facilities Authority to consult with DOE and other agencies before land conveyances or leases and repeal a requirement that DOE transfer title upon request; both SFA and DOE supported the measure, with DOE emphasizing the need for early communication and consultation, and members asked about possible disagreements or stalemates. The committee then heard SB 321 on private roads and ways, which would deem certain privately owned roads and similar ways transferred to adjacent owners or community associations if conditions are met. The Hawaii Land Title Association said the bill as drafted would create uncertainty and proposed a court process to clarify ownership and create a recordable order; written support came from the Mortgage Bankers Association of Hawaii, Hawaii Financial Services Association, and one individual. SB 66 on housing permitting would require permit decisions within 60 days for certain housing projects and deem permits approved in some circumstances; DLNR’s historic preservation office supported the intent but noted county historic preservation roles, OHA suggested amendments to clarify county duties, and DPP opposed the time limits as risky for health and safety reviews, warning about back-and-forth review cycles and possible mismatches between approved plans and field work. Realtors, NAIOP, Hawaii Food Industry Association, Hawaii YIMBY, and the Maui Chamber supported the measure, while Lahaina Strong, Hawaii Good Neighbor, and two individuals opposed it. Finally, the committee heard SB 1170 on expeditious redevelopment of affordable rental housing, which would speed permits for rebuilding permanently affordable multifamily rental housing damaged by natural disasters and exempt certain projects from EIS requirements. HHFDC supported the bill, citing the Front Street Apartments rebuild and the long SMA permit timeline on Maui, and the Office of Planning and Sustainable Development supported the intent while suggesting technical placement of amendments. Testimony in support also came from the Maui Chamber of Commerce and Joe Blanco, who described difficulties rebuilding a project originally developed under older statutory requirements and said the bill’s added language addressed those issues.
NH

New Hampshire 2025 Regular Session

House Children and Family Law (02/11/2025)

Transcript Highlights:
  • A member said they were not clogging up a pink card and just wanted to make a quick statement on the
  • <03:23:35.920> was<03:23:36.080> all<03:23:36.239> we foster care statement
  • Oxymoronic statement.
  • Just a couple of statements for counsel.
  • for counil just a couple of statements for counil just a couple of statements um<05:12:21.000>
Keywords: 928, house, all
Summary: The House Children and Family Law Committee opened with a brief prayer for Representative Grossman’s son, Oscar, who was reported to be in critical condition after a traumatic fall. The committee then took up House Bill 430, which would reduce DHHS retention of unfounded abuse and neglect reports from 10 years to 3 years. Prime sponsor Chairman James Spain argued that 10 years is excessive and burdens families with a long-lasting stigma, while emphasizing that founded reports and reports with reasonable concern would still be retained indefinitely. Committee members questioned whether longer retention helps identify malicious reporting or patterns of abuse, and whether parents understand the distinction between unfounded and unfounded with reasonable concern. The Office of the Child Advocate and DCF opposed the bill. Child Advocate Cassandra Sanchez said historical reports are important for identifying patterns, reviewing critical incidents, and understanding family dynamics, and that screened-out and unfounded reports can be essential context when later reports arise. She also noted that the records are highly confidential and not publicly accessible. DCF General Counsel Susan Larabe added that the bill could create inconsistencies by retaining screened-out reports longer than unfounded reports, and explained that unfounded reports can be used in court and in administrative reviews when there are multiple prior reports. The committee discussed how other states handle retention, with testimony that some keep records indefinitely and others for long periods. The hearing on HB 430 concluded, and the chair said the bill would not be executed until early March, leaving time for amendments. The committee then opened House Bill 187, concerning restraining orders sought by a parent on behalf of a minor child. Prime sponsor Representative Mike Belcher said the bill is intended to correct a gap in the law so children can access the same restraining-order protections adults can, through a parent or guardian, and framed it as an equal-protection issue. Members questioned why the proposal was placed in the child abuse and neglect statute rather than the civil restraining-order statutes, and whether it should instead be handled as a broader civil-law fix. Alanda Peterson, who said she created Jade’s Law, testified that the original wording was meant to protect all children, not just those harmed by family members, and supported expanding the language. The hearing continued with additional discussion of the bill’s scope and purpose.
MD

Maryland 2026 Regular Session

House Floor Session, 3/19/2026 #1

Maryland House Floor Meeting

Transcript Highlights:
  • Further, the bill requires the office to retain the statements for the commissioner's entire term of
  • It clarifies that all copies of the disclosure statement include the original statement.
  • statement include the original<01:09:40.759> statement.
  • original statement. Move the amendment. original statement. Move the amendment.
  • Prohibits statements made in Article.
Summary: The House convened with 122 members present, opened with prayer, and approved the previous day’s journal. The chamber then took up two congratulatory resolutions: one honoring Layla Wishard of Hagerstown for winning gold with Team USA at the Junior Roller Derby Association World Cup in Australia, and another recognizing Delores Millhouse as the 2026 Maryland Mother of the Year. Both resolutions were read and adopted with applause. The House then considered a series of committee reports, primarily from the Committee on Economic Matters, and advanced multiple bills to third reading after adopting committee amendments and favorable reports. Measures included consumer contract protections in House Bill 103, workers’ compensation presumptions for hypertension in House Bill 347, broadband access and affordability in House Bill 382, housing and land-use changes in House Bills 548 and 894, data privacy in House Bill 711, franchise law changes in House Bill 730, a blockchain-based real property title pilot program in House Bill 810, bankruptcy exemptions in House Bill 1098, and telecommunications infrastructure protections in House Bill 1100. Several bills drew questions and were special ordered for further review. House Bill 711, the Data Privacy Act, prompted extended discussion about whether its geolocation provisions could affect stadium and venue security tracking; the sponsor said the bill was intended to close loopholes around cell phone and vehicle location data and would not change existing permission-based rules, but the bill was still special ordered until the next day. House Bill 894, the transit-oriented development bill, also drew questions about local government concerns and was special ordered, with the floor leader saying county and municipal groups were generally satisfied with the amendments. House Bill 1100 was also taken up after the amendments were adopted, and the title amendment process began as the transcript ended.
WY

Wyoming 2026 Regular Session

House Appropriations Committee, February 12, 2026 PM 2

Appropriations

Transcript Highlights:
  • Actually, one more statement, Madam Chairwoman.
  • It seems to me like th this statement It seems to me like th this statement that<01:20:54.480>
  • Um, I did not come with a statement.
  • I don't think anyone's disagreeing with that statement. Couple questions I have.
  • >> and and I'll just make a statement madam >> and and I'll just make a statement madam chairman
Bills: HB0111, HB0112, HB0122
NH

New Hampshire 2025 Regular Session

House Criminal Justice and Public Safety (05/23/2025)

Criminal Justice and Public Safety

Transcript Highlights:
  • Um, you'll see on the my statement<00:40:54.000> in<00:40:54.599> 2024,<00:40:55.599>
  • in 2024, a ch a character AI statement in 2024, a ch a character AI chatbot<00:40:57.920> told
  • <00:43:07.839> to want to just read all the statements to want to just read all the statements
  • And in fact, I do mention that in my<00:59:51.760> statement.
  • I didn't talk about it my statement.
Keywords: 1189, house, all
MA

Massachusetts 2025-2026 Regular Session

Senate Session (Full Formal with Calendar) Jul 22nd, 2026 at 04:36 pm

Massachusetts Senate Floor Meeting

Transcript Highlights:
  • The Chair recognizes Senator Collins for the purpose of making a brief statement, with unanimous consent
  • To you and to the members, I rise to make a brief statement in support of the passage of Amendment 554
  • I request unanimous consent to make a brief statement. No objection. Thank you, Mr. President. Mr.
Keywords: 1212, all
Summary: The Senate took up a major economic development package, Senate Bill 3178, with the chair and supporters describing it as a broad effort to strengthen Massachusetts through investments in housing, small businesses, public higher education, AI guardrails, downtown revitalization, and transportation. Supporters highlighted provisions allowing duplexes by right, streamlining housing permitting, expanding access to capital, addressing energy costs, and creating a transparency and safety framework for artificial intelligence. Several senators also spoke in favor of regional equity, including a proposal tied to West-East Passenger Rail and a Palmer station, and the bill was framed as a way to make the Commonwealth more competitive and affordable. The minority leader argued the bill did not do enough to address the state’s high cost of living and business climate, citing debt, tax burden, outmigration, and recession risk. He said the Commonwealth needed to focus more on lowering the cost of doing business and living rather than relying on additional borrowing. Other amendments focused on consumer protection and fairness, including a measure to regulate or ban crypto ATMs due to widespread scam losses, and another to address auto insurance pricing practices that were described as unfairly burdening drivers in low-income and minority communities. A technical amendment clarifying durable powers of attorney and trust creation was also adopted. The Senate adopted several amendments, including municipal property tax relief, the crypto ATM consumer protection measure, and the insurance commission amendment, and also adopted the technical trust-code amendment. The chamber approved a number of local and final passage items by roll call, including land transfers and local bills for the North Carver Water District, Marion land transfer, Carlisle town administrator powers, Leominster police civil service exemptions, Watertown property tax classifications, and Milton alcohol licenses. The Senate also observed moments of silence and adopted adjournment motions in memory of Patrick P.J. Roy and Jeffrey Hyde Walker before recessing until the next day.
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Public Service Jun 21st, 2026 at 01:00 pm

Joint Committee on Public Service

Transcript Highlights:
  • What I have here, I'm going to read to you, is a collective statement testimonial from my office for
  • The statement testimonial from my office is for all the service coordinators and the service coordinator
  • I share the statement to you so the committee understands the risks officers face daily, often alone,
Keywords: 995, all
Summary: The committee heard testimony on several retirement and workforce-related bills. House Bill 2980 would place county correctional nurses and certain medical staff into Group 4 retirement. Representative Trino, Middlesex Sheriff Peter Koutoujian, and nurse manager Leanne Cameron argued that correctional nurses work in dangerous, high-stress settings with frequent contact with incarcerated people, high rates of mental illness and substance use in the jail population, and significant workplace violence, and that the change would help recruitment and retention with limited statewide fiscal impact. The committee also heard Senate Bill 210, which would create a commission to study additional regular compensation and annual expenses for members of the General Court. Senator John Keenan said Massachusetts has high leadership stipends compared with other states and argued the current structure can affect independence and public trust. Representative O'Day testified on House Bill 2928 to extend Group 2 retirement to additional Department of Children and Families social workers, and SEIU 509 witnesses described frequent transport of children, crisis response, threats, assaults, and other high-risk duties that they said match Group 2 work. Additional testimony supported House Bill 2943 for DDS service coordinators and supervisors, with witnesses describing home visits in unsafe conditions, transport of vulnerable individuals, direct care during staffing crises, and exposure to violence. House Bill 2899 drew support from the Association of Social Work Boards for social work field placement grants, incentives for supervisors, and expanded retirement benefits for DCF social workers. The committee also heard Senate Bill 2613, a local retirement bill for Salem police officer Kathleen Roachville, who described a severe line-of-duty injury during an arrest involving a combative person in a mental health crisis. Finally, Susan Smith Campbell testified for reclassifying certain DYS administrative officers into Group 2 because of their direct involvement in restraints, assaults, and crisis management. After testimony concluded, the committee adjourned without taking any votes.
MA

Massachusetts 2025-2026 Regular Session

Senate Session (Full Formal with Calendar) Jun 21st, 2026 at 11:00 am

Massachusetts Senate Floor Meeting

Transcript Highlights:
  • Chair recognizes the Senator from the Middlesex District, Senator Lewis, to make a brief statement.
  • Chair, thanks the gentleman from the 5th Middlesex District on his brief statement. Thank you.
  • Middlesex District on his brief statement.
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.
MO

Missouri 2026 Regular Session

Joint Committee on Public Employee Retirement Apr 28th, 2026 at 08:30 am

Joint Committee on Public Employee Retirement

Transcript Highlights:
  • And if you have any questions, opening statements, you can proceed with that.
  • They set the investment policy statement, the asset allocation, the benchmarks, and the risk parameters
  • So, going to Tim's role and CIRITY Partners' role, they advise the board on the investment policy statement
Keywords: 959, house, all
Summary: The Joint Committee on Public Employee Retirement held a hearing focused on the Missouri State Employees’ Retirement System (MOSERS) and its long-term financial condition. MOSERS staff and its investment consultant reviewed the system’s structure, membership, funding policy, and investment approach. They reported a June 30, 2025 funded ratio of 55.4%, with about $17.4 billion in liabilities and $9.6 billion in assets, and explained that the board certified a 32% employer contribution rate under its minimum contribution policy, up from 30.25%, which will increase state appropriations. They also described the system as mature, with more retirees and inactive members than active employees, and said declining payroll growth has made it harder to improve funding. The presentation emphasized that recent board actions were intended to strengthen the plan over the long term, even though they increased near-term costs. Those changes included lowering the assumed investment return over time to 6.95%, updating mortality assumptions, moving from an open to a closed amortization schedule, and adopting a minimum employer contribution policy. The investment consultant said MOSERS historically used a more risk-balanced asset allocation than many peers, which helped explain weaker relative returns during a long period when public equities outperformed; the board has since shifted toward a more equity-oriented allocation. He said recent performance has improved, with the portfolio outperforming its policy index and ranking better against peers in the short term, though longer-term peer performance remains a concern. Committee members questioned why the funded ratio had declined over roughly 20 years and whether past investment and actuarial assumptions were too optimistic or too conservative. MOSERS officials responded that the current board is trying to correct earlier decisions and that the present strategy is more in line with industry practice. Members also discussed a proposed MOSERS bill package that would automatically refund small balances to terminated non-vested members and increase deferred compensation auto-escalation, with officials saying the refund provision would improve efficiency and return small balances sooner. The committee also briefly discussed ongoing litigation involving Catalyst Capital; MOSERS said attorney fees have been about $20 million so far, the case remains on appeal, and the damages amount is sealed. No formal votes were taken, and the committee adjourned after questions and discussion.
MN

Minnesota 2025-2026 Regular Session

Committee on Agriculture, Veterans, Broadband and Rural Development - 03/25/26

Agriculture, Veterans, Broadband, and Rural Development

Transcript Highlights:
  • Senator Kupec, do you have<00:20:21.360> a<00:20:21.400> closing<00:20:21.680> statement
  • have a closing statement? have a closing statement?
Keywords: 1187, senate, all
NY

New York 2025-2026 Regular Session

New York State Senate Session - 03/11/2026

New York Senate Floor Meeting

Transcript Highlights:
  • American Red Cross, you do think of some of the local things they do, but I googled their mission statement
  • American Red Cross, you do think of some of the local things they do, but I googled their mission statement
  • American Red Cross, you do think of some of the local things they do, but I googled their mission statement
Keywords: 993, senate, all
Summary: The Senate convened with a prayer and Pledge of Allegiance, then approved the prior journal and took up motions and resolutions. Senator Gianaris moved to reconsider and restore Senate Print 3179A, an Environmental Conservation Law bill, to the third reading calendar, and amendments were also received on Senate Print 8491. The chamber then considered and adopted Resolution 1716, designating March 2026 as Greek History Month in New York, with remarks from several senators about Greek heritage, Greek independence, immigration, and the contributions of Greek Americans. The Senate also adopted Resolution 1607, proclaiming March 2026 as American Red Cross Month, with extensive testimony praising Red Cross disaster relief, blood donation, preparedness work, and volunteers; several senators highlighted local volunteers and urged greater support for the organization, including budget resources. The Senate welcomed guests, including Red Cross representatives and students from Brooklyn, and later opened the resolutions for co-sponsorship. The chamber then moved through the calendar and passed multiple bills, including measures affecting mental hygiene, elder law, penal law, public authorities, labor, public service, correction, education, election law, alcoholic beverage control, and state administrative procedure. Most bills passed by wide margins, though some drew recorded opposition, including the public authorities bill and several election, public service, and correction measures. Senator Ramos explained her support for the labor bill as a workplace dignity and anti-bullying measure, and Senator Ryan explained his support for the small-business regulatory website bill as a way to simplify access to agency rules and guidance. Senator Skoufis’s Public Health Law bill was also recalled from the Assembly, restored to the third reading calendar, and amended. The Senate then adjourned until Thursday, March 12 at 11:00 a.m.
NM

New Mexico 2026 Regular Session

Senate - Health and Public Affairs Feb 13th, 2026 at 04:01 pm

Senate Health & Public Affairs

Transcript Highlights:
  • Is that a fair statement? Madam Chair and Senator Scott, I guess I'm not following you.
  • No, I'm just making a statement. Just a statement. No, no need.
Bills: HB10, HB12, HB34, SB130, SM21