Video & Transcript Research : 'development fund'

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MN

Minnesota 2025 1st Special Session

Committee on Environment, Climate and Legacy - 03/11/25

Environment, Climate, and Legacy

Transcript Highlights:
  • The funding will support the development of new hands-on exhibits for children to learn through play.
  • proposes an approach for funding proposes an approach for funding developed<01:21:34.080> by<
  • Legacy funding is supporting the co-design and development for their new exhibit, Interwoven, created
  • Legacy funding is supporting the co-design and development for their new exhibit, Interwoven, created
  • Legacy funding is supporting the co-design and development for their new exhibit, Interwoven, created
Keywords: 1187, senate, all
HI

Hawaii 2026 Regular Session

HOU-WLA Public Hearing 02-17-2026

Transcript Highlights:
  • Are you a developer? >> My brother is a developer on this project manager. >> Okay.
  • Are you a developer?
  • Are you<00:21:02.480> a<00:21:02.720> developer? you a developer? you a developer?
  • , You already have a developer, You already have a developer, >> correct?
  • his brother as a developer finished. his brother as a developer finished.
Keywords: 912, senate, all
Summary: The joint hearing covered several housing-related measures. On SB 2068, which would create an affordable housing land inventory task force within the Office of Planning and Sustainable Development to study how to maximize housing on transit-oriented development and other state and county lands, testimony was mostly supportive from agencies and housing groups, with one opposition witness. In response to questions, OPSD said it was already working on a list of potential parcels but could not yet identify unit counts or a timeline, and estimated about $250,000 would be needed for staffing and contractual support. The committees also heard SB 2227 on rental assistance, which would require HPHA to make monthly rent supplement payments, prioritize certain tenants including kupuna, allow agreements with counties and nonprofits, and create a special fund supported by a transaction fee on recordings. HPHA supported the bill, and the Department of the Attorney General said it recommended amending the measure to describe the fee as a tax. Additional testimony included support from elder and community organizations and one opposition witness. For SB 2061, relating to residential condominiums and the 99-year leasehold program, HCDA and the project developer testified in support of amendments intended to preserve owner-occupant requirements while making the project more marketable and financially feasible. Members focused heavily on parking, affordability, and financing. HCDA and the developer said the parking stalls would be unbundled from the units, that the project would be a 99-year leasehold with 60% of units reserved for buyers at or below 140% AMI and 40% market-rate, and that the state’s $15 million equity contribution would cover only part of the parking garage and commercial component. The hearing then moved on to SB 3327, relating to HCDA and complete communities, but the transcript cuts off before that measure was fully discussed.
MN

Minnesota 2025-2026 Regular Session

Committee on Energy, Utilities, Environment and Climate - 03/05/25

Energy, Utilities, Environment, and Climate

Transcript Highlights:
  • It was funded through the U.S.
  • It was funded through the U.S.
  • It was funded through the U.S.
  • It was funded through the U.S.
  • funds are intended to stimulate research and development and implementation of innovative renewable
Keywords: 1187, senate, all
CA
Transcript Highlights:
  • Agency and the Governor's Office of Business and Economic Development.
  • Without the new funding, I want to note that the program would still have $63 million in one-time funding
  • expanding or creating new programs funded by the general fund as in a deficit situation that essentially
  • The current funding will conclude in May 2020.
  • Since these funds are all now general funds, we just have to make sure that there are agreements that
Keywords: 988, house, all
NM

New Mexico 2025 Regular Session

IC - Water and Natural Resources Aug 18th, 2025

Water & Natural Resources Committee

Transcript Highlights:
  • So the Healthy Food Financing Fund is part of the New Mexico Economic Development.
  • funds, state funds, and private foundation grants.
  • USDA funding.
  • Like a private developer that's building, developing land.
  • more funding for The Agricultural Workforce Development Program is a really good program, and none of
LA
Transcript Highlights:
  • Fund and identifying critical projects to enhance international trade and economic development.
  • And secondly, there's no real funding, right? So we asked for some projects to be funded.
  • There's no real funding, right?
  • You're also looking at driving economic development.
  • The fourth goal was to secure infrastructure funding.
Summary: The Louisiana Ports and Waterways Investment Commission met on May 14, 2026, with a quorum present and approved the July minutes. Leadership gave opening remarks welcoming new members and noting that the commission is now administratively housed with the Office of Multimodal Commerce, which is expected to provide staff support, resources, and help restart the commission’s strategic planning work. Commissioners said the next major agenda item will likely be consultant support and further work on the strategic plan. The commission then repealed a prior July resolution that had requested a Louisiana Ports Infrastructure and Development Fund and identified critical projects for international trade and economic development. Members said the resolution was well-intentioned but premature because the projects had not been fully vetted, LED had not been sufficiently involved, and there was no clear funding plan. The repeal passed by motion and vote, with commissioners emphasizing that the projects themselves remain supported and will be revisited in a more thorough format through the strategic plan. A major portion of the meeting focused on the collaborative marketing study for the five Lower Mississippi River ports. Joe Toomey and Ken Erickson of Polaris described a regional marketing strategy built from cargo analysis, stakeholder interviews, and port data, aimed at increasing trade, economic growth, foreign direct investment, infrastructure funding support, and long-term coordination. Commissioners and LED representatives said the effort shows stronger cooperation among the ports, will live at LED with a cooperative endeavor agreement, and is already being used in foreign investment outreach and as a possible template for other port regions. The commission also received an update from the navigation and safety task force. Steve Wall, the new NOBER president, said he would continue the work begun by the late Captain Toby Waddington, who was honored with a moment of silence. Commissioners reported that recommendations from the task force are being implemented, including air gap sensors, bridge-related planning, and bundled dredging projects in the current capital outlay process. The meeting ended with no public comment and adjourned after commissioners indicated they would meet again in the next quarter.
CA
Transcript Highlights:
  • Everything from student aid. to university funding, to research funding, housing funding, Section 8 vouchers
  • If they're grant funds, they basically go back into the general fund.
  • , to recoup those funds from the businesses.
  • Funding will support direct funding for employment social enterprises and customized technical assistance
  • Their financial protection fund is headed towards a negative fund balance of $2.5 million. 8.8 million
Keywords: 988, house, all
FL

Florida 2025 Regular Session

March 13, 2025 - 10:00 AM

Transcript Highlights:
  • site work and development and engineering, et cetera, that then the CRA's funds would kick in to assist
  • Any new funds cannot be added to the CRA. You can't take CRA funds and add it to it.
  • Where are they supposed to fund the things that you said that they can fund the CRAs through now?
  • Funding, you mentioned funding festivals, members took funds personally, things like that.
  • They're working with the developer through tax rebates and grants to develop that property.
Summary: The committee first heard CS/HB 69, which would preempt local land-use decisions for presidential libraries to the state. The sponsor said the bill was intended to make it easier to site a presidential library in Florida. Members asked about whether the bill could affect nontraditional uses such as hotels or casinos, and the sponsor said it only addressed land-use and development-order decisions. There was no public testimony, and the bill was reported favorably 16-7. The committee then took up CS/HB 289, “Lucy's Law,” on boating safety. The bill expands boating education requirements, aligns boating penalties more closely with driving offenses, prohibits false information in vessel accident reports, and requires certain nonresidents to obtain boating safety cards. An amendment requiring boating safety courses for those convicted of civil boating infractions was adopted. The committee heard emotional testimony from Lucy Fernandez’s mother, who described the fatal 2022 boating crash that inspired the bill, along with support from industry and local-government witnesses. Members from both parties spoke in favor, emphasizing accountability, education, and enforcement. The bill passed unanimously, 25-0. HB 7003, an open-government/sunshine bill, preserved a public-records exemption for sensitive business information submitted with applications to the Office of Financial Regulation’s financial technology sandbox. It drew no public testimony or debate and was reported favorably. HB 4007, a local bill for Martin County, capped reimbursement for inmate emergency health care at 110% of Medicare, mirroring the Department of Corrections standard; it also passed favorably after supportive public testimony. The longest discussion was on HB 991, which would prohibit creation of new community redevelopment agencies after July 1, 2025, bar current CRAs from starting new projects or issuing new debt after October 1, 2025, and sunset existing CRAs by 2045 or their charter date, whichever is earlier. The sponsor argued CRAs have become long-lived funding vehicles used beyond their original anti-blight purpose and said local governments have other tools. Many members from both parties objected that CRAs remain important for affordable housing, small business support, infrastructure, and redevelopment in blighted areas, and several said the bill would harm ongoing or multi-phase projects. Three amendments were offered: one defining “new project,” one striking the new-CRA prohibition, and one striking the new-debt/new-project language; all were defeated except the first, which was adopted. Public testimony was split, with redevelopment groups, cities, and the Florida League of Cities opposing the bill and Americans for Prosperity supporting it. The committee did not reach final disposition in the portion provided, but the debate showed substantial opposition and concern about the bill’s impact on local redevelopment efforts.
LA
Transcript Highlights:
  • That 4% will go into the economic development district's trust fund, which they are required by the TIF
  • The development district's trust fund, which they are required by the TIF statutes to establish, and
  • The other request is for the general fund tax, the state's general fund tax, currently 1%.
  • , so it incentivizes the developer to bring the core development funds.
  • Just not the state's funds that cannot go to an economic development project. Right.
Keywords: 965, house, all
Summary: The committee first received a fiscal status statement and five-year baseline budget update from the Office of Planning and Budget. Members were told there were no changes to the baseline, but several current-year items now require appropriations, including Hurricane Katrina closeout costs under GOSEP, projected Department of Corrections shortfalls for offender medical care and overtime, and a reduction in the minimum foundation program tied to February 1 student counts. After questions about how the five-year percentages and inflation assumptions were calculated, the committee adopted the fiscal status statement. The committee then approved several Facility Planning and Control items, including adding eight higher education deferred maintenance projects to the approved list under Act 751, a $412,993 change order for LSU’s Jesse Coates Building project, a report of four other change orders for informational purposes, and combining two Hornbeck water projects into a single expanded water plant and distribution project. It also approved a two-year extension of the University of Louisiana at Lafayette’s Banner ERP consulting agreement and approved Water Sector Commission recommendations for an additional $5.5 million for the Tencel Water District Association, which included a $100,000 local commitment. A major portion of the meeting focused on a proposed tax increment financing package for a 1,000-room headquarters hotel adjacent to the New Orleans Convention Center. Witnesses described the project as a $550 million private investment supported by state and local tax dedications, with projected benefits including more convention business and improved competitiveness. Members raised concerns about the 45-year term, the use of a 1% state tax dedication, possible cannibalization of existing hotel revenue, and the return on the public incentive. After extensive questioning, the committee deferred the proposal to the next month for further review and requested additional projections. Finally, the committee reviewed contract extensions for Louisiana Economic Development’s marketing vendors and a Department of Education amendment for the Odyssey platform used in the Louisiana Gator program. The education officials explained the contract is based on a per-student amount of $143.50 and that the current amendment is needed to avoid a lapse when the existing term ends June 30. Members discussed whether an RFP should be started for future years to seek a better price, and the department said it would be able to provide academic outcome data after the current testing cycle. The meeting then adjourned.
CA
Transcript Highlights:
  • As I said, it is funded by, you know, currently a SAMHSA grant and also the 988 fund.
  • We've developed school guides. We've developed a crisis stabilization toolkit.
  • You know, we were developing a methodology at DATS, a funding methodology.
  • I think that there is a real need to develop that kind of a funding roadmap where we're not just looking
  • fund administrator.
Summary: The hearing focused on California’s 988 suicide and crisis lifeline and the broader crisis response system, with members and witnesses emphasizing both the system’s life-saving role and the risks posed by funding gaps, rising demand, and uneven local implementation. Opening remarks highlighted the personal impact of suicide and the need to strengthen crisis response so calls are answered quickly and linked to appropriate care rather than defaulting to 911, emergency rooms, or law enforcement. State officials described the AB 988 five-year implementation plan, which sets goals around public awareness, equitable access, high-quality call/chat/text response, and better integration with ongoing behavioral health services. State agencies reported progress on infrastructure, coordination, and related behavioral health investments. CalHHS said California has expanded mobile crisis teams, crisis stabilization units, and youth behavioral health supports, and is preparing additional public awareness and grant programs tied to Proposition 1. DHCS explained that 988 is funded through a federal SAMHSA grant and the AB 988 surcharge, while Medi-Cal separately funds mobile crisis services; officials said the mobile crisis benefit is active in 53 counties and that statewide expansion remains a work in progress. Cal OES described the statewide technical buildout, including network infrastructure in all 11 crisis centers, interoperability with 911, and a pilot of next-generation routing and call-handling tools. The 988 California Consortium said call volume continues to rise sharply, missed calls remain a major concern, text/chat capacity is limited, and centers need more stable funding, better reimbursement, and stronger feedback loops with the state. County and community witnesses stressed that local systems need more flexible, sustained support to match the demand. Lake County described a peer-led rural mobile crisis model that has reduced law enforcement holds and increased housing placements, but said county-run mobile crisis teams still cannot reliably access 988 surcharge dollars and face reimbursement problems from Medi-Cal and commercial plans. Santa Clara County reported strong performance metrics, rapid call answer times, and a broad continuum of mobile crisis services, but said staffing and funding are strained and commercial reimbursement remains slow. The Mental Health Association of San Francisco said the peer-run warm line complements 988 by offering non-emergency support and warm handoffs, but recent budget changes forced cuts to Spanish-language service, federation support, and hours. No formal votes or legislative actions were taken during the hearing; members mainly asked questions about surcharge levels, budget timing, coordination among agencies, data collection, and how to improve collaboration with frontline crisis centers.
NH

New Hampshire 2026 Regular Session

Senate Finance (01/13/2026)

Finance

Transcript Highlights:
  • Senate Bill 481, which provides added money for the youth development center assault fund.
  • Care and Development Fund each fiscal year.
  • > fund<01:04:37.359> each child care and development fund each child care and development
  • <01:04:44.799> fund, that child care and development fund, that child care and development
  • <01:10:51.840> fund into the child care and development fund into the child care and development
Keywords: 1191, senate, all
HI

Hawaii 2025 Regular Session

FIN/WAM Joint Info Briefing - Tue Jan 21, 2025 @ 1:00 PM HST

Hawaii House Floor Meeting

Transcript Highlights:
  • <00:07:08.120> for concerned about our our uh funding for concerned about our our uh funding
  • ensure eligibility for various programs and funding sources to address gaps in state funding.
  • ensure eligibility for various programs and funding sources to address gaps in state funding.
  • These are all private developers.
  • We have the Rental Housing Revolving Fund, the DIRF fund.
Keywords: 910, house, all
HI
Transcript Highlights:
  • apply to revolving funds.
  • into the general fund.
  • I’m in strong support of it and the appropriation of funds to expedite the development in Maui because
  • I’m in strong support of it and the appropriation of funds to expedite the development in Maui because
  • . development. development.
Keywords: 910, house, all
CA
Transcript Highlights:
  • we need to modify in Prop. 4, in GGRF funding, and General Fund.
  • Funding. So that is typical.
  • Funding.
  • About 96% of those funds have been fully encumbered and are actively being developed into projects on
  • The California State Pipe Trades Council supports full funding of this program to ensure development
Summary: The committee hearing focused heavily on CARB’s broad trailer bill request for regulatory fee authority. Finance and CARB argued the proposal would let CARB develop fees to recover reasonable costs for implementing and enforcing regulations, while the LAO recommended rejection because the authority was too broad, could apply to an entire division of code, and would delegate core legislative taxing/fee-setting power without enough guardrails. Members from both parties raised concerns about the breadth of the authority, accountability, affordability impacts, and whether the Legislature would be put in an up-or-down position after CARB had already developed regulations. CARB responded that fees would still go through a budget change proposal and legislative approval before collection, and cited existing examples such as transport refrigeration units and commercial harborcraft fees. The committee then reviewed CARB’s request for permanent resources to implement SB 905 on carbon capture, utilization, storage, and carbon dioxide removal. CARB said the Legislature had previously authorized limited-term positions and funding, but it had struggled to recruit and retain staff with specialized regulatory and technical expertise, and that the work had included pre-rulemaking contracts, technology review, and permit-related preparation. Members questioned the pace of work, the use of limited-term positions, and whether additional permitting authority would be needed. CARB said it hoped to begin rulemaking later in the year if permanent resources were approved. Members also discussed the cap-and-trade spending plan, noting lower-than-expected auction revenues but higher interest earnings, and the need to monitor the Greenhouse Gas Reduction Fund and possible May Revision changes. The committee then heard overviews of the zero-emission vehicle package, the Community Air Protection Program, demand-side grid support, and e-bike incentives. CARB described ongoing investments in community-based transportation equity, drayage trucks, harbor craft, and other clean technology demonstrations, while members pressed on affordability, program duplication, and whether enough funding was being directed to incentive programs. No formal votes were taken during the portion provided, and the chair repeatedly indicated that the hearing was intended to surface concerns for later budget negotiations.
TX

Texas 89th Regular

Culture, Recreation & Tourism Mar 6th, 2025

Culture, Recreation & Tourism

Transcript Highlights:
  • The department along with all of our partners has been busy putting the centennial fund and the funds
  • Research and development to assist the travel industry with reporting and tourism development.
  • I was privileged to serve on the Economic Development Advisory Council that helped economic development
  • So, and that's basically when our policies have the incentive incentivizing development... development
  • The funds that they raise at those events help generate the funds that we need for habitat restoration
Keywords: 1184, house, all
CA
Transcript Highlights:
  • what economic development is.
  • So, from that perspective, when we talk about economic development, we talk about economic development
  • And so we're lacking some of that funding for outreach funding.
  • And so we're lacking some of that funding for outreach funding.
  • We also teach development courses. Next slide, please. We also teach development courses.
Summary: The committee held an information hearing on California’s economy and household affordability, with the first panel focusing on inflation, housing, energy, wages, and the likely effects of new federal tariff policy. PPIC’s Sarah Bone said Californians remain deeply pessimistic about the economy, with inflation the main driver of concern; she noted prices are still about 23% higher than in January 2020, with especially large increases in food, energy, and housing costs. LAO’s Brian Euler emphasized that housing is the largest household expense and pointed to insurance, electricity, gasoline, and health care as other major cost pressures, urging the Legislature to review whether existing policies are actually reducing costs and to consider studies of why recent housing laws have not produced more units. UC Davis economist Catherine Russ warned that tariffs on China, Canada, Mexico, and potentially broader imports could raise consumer prices, disrupt supply chains, and hurt California exporters, farmers, and small businesses; she suggested monitoring prices, strengthening food assistance, and preparing transition support for affected workers and producers. Members pressed the panelists for concrete, near-term policy ideas, especially on housing and tariffs. Questions centered on whether accessory dwelling units are making a meaningful dent in affordability, how to improve implementation of pro-housing laws at the local level, and how to measure the impact of tariffs on consumers, health care, and agriculture. Panelists said ADUs help but are limited, that state laws can be undermined by local implementation and litigation, and that tariff effects may show up quickly in prices and later in hiring and investment. Several members stressed that the tariff issue is not a minor disruption for constituents and asked for more data on consumer impacts, food aid needs, and crop-specific farm losses. The second panel shifted to regional economic development and small business support. Go-Biz’s Derek Kirk described California Jobs First and the state economic blueprint as a first-in-decades, regionally informed strategy to create good-paying jobs, support key sectors, and align workforce and business development across 13 regions. The California Association for Local Economic Development’s Gerbach Sahota argued that local governments need practical tools, stable policy, and stronger partnerships with the state, while warning that prosperity is not always perceived as shared and that rural communities can be left behind. He urged the Legislature to use hearings, local input, and existing funding streams more effectively, including for recovery and infrastructure. David Fitzgerald of the Small Business Development Centers said California’s SBDC network serves hundreds of thousands of clients, many of them women and historically underrepresented entrepreneurs, and has generated billions in economic impact, capital access, revenue, and jobs. He said the biggest gaps are outreach to the state’s many self-employed businesses with no employees, better labor data on those workers, and more flexible support for direct services. Committee members then asked what small businesses need most in the face of inflation and tariff shocks, including lower licensing costs and other relief, and the discussion continued on how to better target state support to businesses and households under pressure.
NY

New York 2025-2026 Regular Session

New York State Senate Session - 04/21/2026

New York Senate Floor Meeting

Transcript Highlights:
  • >> WHO WOULD BE TAKING OUT THE LOAN AND HAVING ACCESS TO FOUND FUNDING TO PROVIDE THAT FUNDING
  • But what we're talking about here is development rights, but it is development rights in partnership
  • They'll have access to a loan based on the development rights to prevent it from being developed.
  • We have things like open space preservation funds where the government and the taxpayers will fund a
  • WILL FUND A PROGRAM TO PURCHASE LAND, SET IT ASIDE AND MAKE SURE IT IS NOT DEVELOPED.
Keywords: 993, senate, all
Summary: The Senate opened with prayer, the Pledge of Allegiance, and several guest introductions, including students from Brooklyn and St. John’s University, followed by adoption of the resolution calendar with exceptions for two items. The chamber then took up a series of previously adopted resolutions recognizing Black Maternal Health Week, Workplace Violence Prevention Month, the one-year anniversary of the Jet Set nightclub tragedy in the Dominican Republic, New York Constitution Day, and the Month of the Military Child. Senators speaking on the maternal health resolution emphasized racial disparities in maternal mortality and the need for culturally competent care; the workplace violence resolution highlighted hospital safety programs; the Jet Set resolution was adopted in memory of the victims; and the Constitution Day speech reviewed New York’s delayed but eventual support for independence in 1776. The military child resolution stressed the sacrifices of military families and support for children of service members. All of these resolutions were adopted, and the resolutions were opened to co-sponsorship. The Senate then moved through the third reading calendar, passing several bills and laying others aside. Measures passed included bills on public health, environmental conservation, executive law, public authorities, and consumer protection. One notable debate involved a bill to require transparency from private arbitration organizations handling consumer cases; supporters argued it would provide basic public data and guard against conflicts of interest, while opponents said it would burden a useful dispute-resolution process and intrude on privacy. The bill passed after debate. Another debated bill would phase out number 4 heating oil statewide; supporters said cleaner alternatives exist and the fuel is harmful to public health, while opponents raised cost and transition concerns, especially for colder regions. That bill also passed. The chamber also considered a bill to create a rebate program for battery-powered landscaping equipment, funded through utility-related mechanisms administered by NYSERDA. Supporters said it would reduce air and noise pollution and help companies transition, while opponents argued ratepayers should not subsidize landscaping equipment. The bill passed after being restored to the non-controversial calendar. Finally, the Senate began discussion of a housing-related bill aimed at preserving manufactured home parks by enabling nonprofits or municipalities to acquire development rights and keep the land dedicated to that use, with the sponsor explaining that the goal is to protect affordable housing and help residents remain in their homes.
KY
Transcript Highlights:
  • . development. development.
  • Lots of assistance with T-hangar developments where the FAA funding for those developments was insufficient
  • There are areas of development where a funding gap remains, and we would like the legislature to consider
  • Many states, including several around Kentucky, have already developed funding mechanisms to support
  • <00:29:27.440> funding Kentucky, have already developed funding Kentucky, have already developed
Keywords: 958, all
Summary: The task force was called to order with a quorum present, and Commissioner Mark Carter of the Kentucky Department of Aviation gave the first presentation. He outlined the state’s airport system, noting 58 public-use airports, the department’s small staff, and its funding structure through a jet fuel tax that generates about $23 million annually, leaving roughly $15 million for airport investment after required deductions. Carter highlighted recent projects at airports including Bardstown, Madisonville, Central Kentucky Regional, Paducah, Sparta, Danville, and Henderson, and said the department has also expanded data collection on airport activity, hangars, schools, and training programs. He emphasized that the department recently completed the first statewide economic impact study of general aviation airports and is developing a five-year airport needs plan. Carter said several things are working well, including stronger communication with airports, the public, the legislature, and especially the FAA’s Memphis district office, which now involves the state more in project selection. He said the department is reasonably staffed overall, but identified workforce development and advanced air mobility as major gaps. In response to questions from Senator Nunn and Representative York, he said he did not have specific workforce shortage numbers on hand, but cited Boeing reports showing large national and global shortages of pilots and mechanics, and explained that instructor shortages and low wages limit training capacity. He also said air traffic control is an FAA function, though EKU has shown interest in developing a training program. Carter identified several needs for improvement: more workforce investment, more aviation education in high schools, more scholarships for pilot and mechanic training, more attention to advanced air mobility, and more frequent, institutionalized data collection. He also pointed to major pending capital needs at airports such as Elizabethtown, Owensboro, Harlan, Leitchfield-Grayson County, and Whitesburg-Letcher County, all of which would require FAA and state support. He urged airports to do a better job marketing their economic value and said the state should continue updating aviation studies so lawmakers have current information for policy decisions. The task force then heard from Lexington Blue Grass Airport Director Eric Frankl, who welcomed the new CVG director and thanked the legislature for creating the task force and supporting aviation infrastructure. Frankl said Blue Grass Airport has rebounded from the pandemic and now exceeds pre-pandemic passenger levels, while serving a mix of private aviation, pilot training, corporate aviation, and commercial airline activity. He described ongoing terminal-area planning, parking technology upgrades, and a major parking lot expansion expected to finish by early spring 2026, and said the airport is planning for future technologies such as vertiports and electric aerial vehicles. Frankl estimated that a broader terminal modernization program will cost roughly $500 million to $700 million over the next 5 to 10 years and said the airport needs continued state support to close funding gaps and remain competitive with other states investing in aviation.
HI

Hawaii 2025 Regular Session

EDT-WTL, EDT-AEN, EDT Public Hearings 03-18-2025

Economic Development and Tourism

Transcript Highlights:
  • would be put into that special fund would be put into that special fund thank<00:03:45.879> you
  • I’d like to see a dedicated fund.
  • Under the criteria for special funds, they should be self-sustaining, and this special fund does not
  • general fund...
  • We'll ask for those funds later.
Keywords: 912, senate, all
Summary: The Senate Committee on Economic Development and Tourism and on Water and Land heard testimony on HB 504, a measure relating to environmental stewardship and funding for natural resource protection and restoration. Supporters included multiple state agencies and advocacy groups, such as DLNR, HTA, Hawaiʻi Ocean Legislative Task Force, Resources Legacy Fund, the Hawaiʻi Climate Action Coalition, and others, who said the bill would create dedicated funding for environmental, climate, and cultural resource needs and help address wildfire, flood, coastal storm, and tourism-related impacts. Several witnesses emphasized that Hawaiʻi’s environmental funding gap is large and that visitor contributions should be directed to stewardship and restoration. Some supporters also urged that the measure be applied equitably across all visitor accommodations and related uses, including cruise ship cabins and state rooms, while a few suggested amendments to broaden coverage or create a working group for implementation. Opposition and concerns focused largely on the bill’s tax structure and legal/administrative issues. The Department of Budget and Finance and the Tax Foundation questioned the reimbursable general obligation bond special fund in part two, suggesting it be converted to a regular special fund or deleted. The Attorney General’s office said part two may violate the single-subject rule in the state constitution and recommended deleting it. The Department of Taxation said the proposed points-and-miles language would be difficult to audit and enforce, and Expedia and others said the proposed tax treatment of loyalty points and certain payment forms would be operationally difficult. Industry witnesses also warned the bill could raise costs in a high-tax destination and asked for more marketing support if the tax is increased. The committee also heard concerns that a new tax on cruise ship cabins could raise federal preemption issues. The chair noted the testimony count as 23 in support, 179 in opposition, and one with comments. No vote was taken in the portion provided, and the hearing ended with questions from senators and agency responses about possible amendments, enforcement, and constitutional concerns.
FL

Florida 2025 Regular Session

March 27, 2025 - 03:30 PM

Transcript Highlights:
  • In the Department of Commerce, I'm recommending total economic development funding of $170 million.
  • This maintains the department's recurring base funding for various economic development programs like
  • those revenues into the general revenue fund.
  • fund.
  • These funds are currently a temporary supplemental allocation of funds for the State Apartment Incentive
Summary: The Transportation and Economic Development Budget Subcommittee met to consider its recommended fiscal year 2025-2026 budget and a conforming committee bill. Chair Shove presented an $18.5 billion TED budget, describing it as about 8.5% below the prior year’s TED budget and emphasizing recurring savings, reductions to vacant positions over 90 days old, and a focus on core agency needs. He highlighted funding for economic development, Visit Florida, Space Florida, affordable housing programs, military affairs, libraries, cultural and historic preservation grants, emergency management, and a $14.1 billion transportation work program. The committee then took up PCB TED 2501, which changes documentary stamp tax distributions by redirecting certain revenues to general revenue. The bill would reinstate the general revenue service charge on the supplemental housing-related dock stamp revenue, eliminating a recurring $150 million source for the State Housing Trust Fund, and would also redirect about $466 million from the State Transportation Trust Fund to general revenue. Chair Shove said the measure has no net zero fiscal impact on state revenues and does not alter the longstanding standard dock stamp funding for affordable housing or eliminate FDOT programs, arguing the bill preserves flexibility for future legislatures. Public testimony was split. Representatives from the Florida Transportation Builders Association and the Florida Public Transportation Association warned that the transportation trust fund reduction would significantly affect FDOT’s five-year work program, especially the Strategic Intermodal System, and could reduce planned capacity improvements and transit funding. Several members also raised concerns about the housing-related changes, arguing the bill undercuts commitments made through the Live Local framework and could weaken affordable housing efforts. In closing, Chair Shove defended the bill as a necessary tightening of recurring spending and said existing affordable housing and transportation programs would still be funded through other appropriations. The committee approved PCB TED 2501 on a 10-2 vote and reported it favorably before adjourning.