Transcript Highlights:

• My name the House Committee on Finance.
• Committee on Finance for today's 10<02:16:57.760> a.m.
• Um the bill actual gap in training.
• Good afternoon, Chair, Vice Chair, and finance committee.
• ,<03:00:10.640> um Department of Budget and Finance, um Department of Budget and Finance,

Bills: HB1977, HB1764, HB1934, HB2533, HB1790, HB2181, HB1870, HB2140, HB2468, HB2358, HB1588, HB1688, HB1986, HB2030, HB2195, HB1949, HB1695, HB1950, HB2094, HB2115, HB2297, HB2336, HB2416, HB2049

Keywords: maternal health, infant health, mobile application, Medicaid, healthcare access, state programs, music education, public concerts, Hawaii State Library, cultural collaboration, music accessibility, libraries, education, reading programs, early childhood, nonprofit, community engagement, teacher retention, Hawaiian language education, special needs schools

Transcript Highlights:

• It would go to the finance committee.
• <00:49:28.680> committee to consider with finance committee to consider with finance committee
• move it forward it's going to finance move it forward it's going to finance committee<01:03:55.319
• <01:31:35.280> with finance with finance with comments<01:31:37.600> next<01:31:37.920>
• That information would be important to Finance.

Keywords: 910, house, all

Summary: The committee heard three House bills related to the Department of Hawaiian Homelands. HB 606 would extend the Act 279 special fund to June 30, 2028, continue deposits and appropriations to help eliminate the DHHL waitlist, and require a strategic plan and annual reporting. DHHL strongly supported the measure, saying most of the initial $600 million had been used and that the need remains large, with more than 29,000 people on the waitlist. Public testimony also supported the bill, emphasizing its importance to Native Hawaiian families and concerns about Hawaiians leaving the islands because of housing costs. A member noted the bill is a priority and that the committee will keep working on how to fund another $600 million. HB 1086 would exempt DHHL homestead lot and housing development from general excise and use taxes. DHHL supported the bill, saying any tax savings would reduce the eventual cost of housing for low-income beneficiaries. The Department of Taxation said it could administer the measure and noted it is already being implemented under the governor’s emergency proclamation, with a proposed effective date of January 1, 2026. The Tax Foundation of Hawaii offered technical comments and urged the committee to weigh existing benefits already received by DHHL beneficiaries. HB 1307 would appropriate funds for DHHL water well development and geothermal exploration on Hawaiian homelands. DHHL said the bill is a follow-up to prior study funding and would support slim-hole drilling, site evaluation, and consultant work to identify viable geothermal resources, especially on Hawaiʻi Island. Several testifiers opposed the bill, arguing there had been inadequate beneficiary consultation, raising environmental, cultural, and safety concerns, and objecting to using $20 million for geothermal rather than housing. In response to committee questions, DHHL staff explained that the goal is to gather information for a future public-private partnership to develop geothermal electricity, and that a Chapter 343 environmental review would be required later in the process. No votes were taken during the portion of the meeting provided.

Transcript Highlights:

• It's good policy to untangle the finances of government institutions and labor organizations.
• <01:06:11.839> of good policy to untangle the finances of good policy to untangle the finances
• As such, it's wrong to use public resources to collect money to finance them.
• It simply makes them handle their own finances like every other private entity.
• It simply makes them handle their own finances like every other private entity.

Bills: HB0083, HB0102, HB0178

Keywords: subpoena, legislative authority, penalty, compliance, law enforcement, artificial intelligence, synthetic sexual material, child protection, self-harm, criminal liability, public employment, labor organization, dues withdrawal, collective bargaining, public funding, 916, all

Transcript Highlights:

• It comes from the Committee on Finance with committee amendments.
• It comes from the Committee on Finance with committee amendments.
• It comes from the Committee on Finance with committee amendments.
• It comes from the Committee on Finance with committee amendments.
• Under the rules, it is recommitted to the Committee on Finance.

Bills: SR126, SR129, SCR71, SCR72, SCR73, SCR12, HB221, HCR54, HCR79, HCR87, HCR94, HCR95, HCR97, HCR102, HCR104, HCR58, SB480, SB514, HB12, HB66, HB145, HB167, HB175, HB196, HB213, HB218, HB222, HB256, HB291, HB325, HB326, HB352, HB401, HB430, HB433, HB434, HB448, HB456, HB476, HB481, HB487, HB492, HB549, HB579, HB608, HB621, HB624, HB626, HB632, HB637, HB656, HB722, HB745, HB749, HB804, HB818, HB821, HB833, HB864, HB867, HB874, HB893, HB909, HB951, HB968, HB969, HB978, HB979, HB985, HB988, HB989, HB1001, HB1005, HB1007, HB1024, HB1032, HB1038, HB1050, HB1051, HB1056, HB1059, HB1077, HB1080, HB1081, HB1086, HB1108, HB1112, HB1153, HB1172, HB1173, HB1175, HB1192, HB1193, HB1204, HB1218, HB1242, HB1244, HB1249, HB1252, HB1254, HB538, SCR3, SCR23, SCR38, SCR24, SB102, SB133, SB151, SB165, SB169, SB170, SB200, SB217, SB280, SB291, SB300, SB303, SB330, SB449, SB489, SB521, SB45, SB156, SB181, SB203, SB274, SB304, SB379, SB396, SB410, SB425, SB427, SB436, SB54, SB72, SB129, SB164, SB232, SB287, SB322, SB374, SB375, SB386, SB409, SB447, SB458, SB222, SB399, SR119, SCR58, SCR65, SCR9, SB35, SB65, SB215, SB246, SB249, SB269, SB282, SB296, SB323, SB363, SB369, SB474, SB490, SB492, SB500, HCR41, HCR47, HCR63, HCR69, HCR31, HB87, HB115, HB162, HB195, HB214, HB217, HB233, HB283, HB290, HB319, HB324, HB345, HB362, HB363, HB368, HB377, HB380, HB382, HB386, HB392, HB406, HB431, HB441, HB466, HB503, HB533, HB559, HB575, HB590, HB593, HB618, HB655, HB664, HB685, HB692, HB707, HB715, HB732, HB738, HB741, HB748, HB776, HB807, HB822, HB856, HB860, HB868, HB887, HB888, HB905, HB908, HB961, HB980, HB990, HB992, HB999, HB1000, HB1010, HB1146, HB1157, HB1233, HB1236, HB1243, HB54, HB137, HB180, HB192, HB310, HB321, HB396, HB512, HB552, HB578, HB638, HB663, HB708, HB717, HB718, HB1009, HB1082, HB1104, HB1107, HB1198, HB1246, HB27, HB143, HB205, HB259, HB267, HB288, HB308, HB403, HB405, HB414, HB417, HB478, HB546, HB548, HB555, HB557, HB609, HB670, HB672, HB740, HB779, HB786, HB796, HB812, HB848, HB915, HB917, HB921, HB930, HB933, HB1095, HB1096, HB1103, HB1129, HB1154, HB1166, HB1187, HB1195, HB1230, HB17, HB36, HB41, HB47, HB73, HB119, HB126, HB129, HB133, HB140, HB159, HB166, HB211, HB226, HB245, HB271, HB280, HB337, HB351, HB354, HB399, HB571, HB677, HB712, HB723, HB726, HB728, HB750, HB759, HB789, HB844, HB850, HB870, HB966, HB1006, HB1018, HB1036, HB1241, SB29, SB42, SB43, SB382, SB441, HB134, HB258, HB359, HB782

Keywords: SR126, Senate Resolution 126, World Preeclampsia Awareness Day, preeclampsia, maternal mortality, maternal health, pregnancy complications, hypertension, high blood pressure, pregnancy-related disorder, obstetrics, prenatal care, prenatal health, infant mortality, preterm birth, premature birth, Woman's Hospital, Louisiana Senate, women's health, public health awareness

Transcript Highlights:

• But I challenge the Legislative Finance Committee to ask the necessary questions: what's needed?
• I'm sorry that I'm bringing this up, but how do we as a state—and how do you as the Finance Committee—help
• Skills gap, we've heard that phrase.
• It's a gap for me.
• are some organizations like Future Focus Education or United. ...that are sort of filling in those gaps

Transcript Highlights:

• impossible to fill and use the funds from that to increase salaries, but we still have a significant gap
• . would close that gap in half.
• that we were through with TEA, ESC, Region 13, and so we did update since the DOJ report our child finances
• wanted to share a little bit more, keep going on this conversation because I was also in the Senate Finance
• The requested appropriations will continue to fill the gaps that we're seeing now for children so that

Keywords: 1184, house, all

Transcript Highlights:

• where like Rochester uh certainly the um where like Rochester uh certainly the tax<00:17:12.160> gap
• 13.360> scrutiny<00:17:13.839> and<00:17:14.079> a<00:17:14.319> lot tax gap
• gets a lot of scrutiny and a lot tax gap gets a lot of scrutiny and a lot of<00:17:14.640> public
• finance uh significant projects. finance uh significant projects.
• So I heard people say you can't get out of an escape clause if you finance your boiler.

Keywords: 1191, senate, all

Transcript Highlights:

• This is the finances of the state.
• This is the finances of the state.
• the gap coverage got kicked in.
• the gap coverage got kicked in.
• the gap coverage got kicked in.

Keywords: 928, house, all

Summary: The committee first heard testimony on House Bill 167, which would add ski, snowboard, and boat wax containing PFAS to the state’s consumer-product restrictions. The sponsor argued the product is already banned in many places, has PFAS-free alternatives, and is used in ways that can directly contaminate water rather than landfills. She cited high PFAS levels in several New Hampshire lakes and said the bill was a simple extension of prior PFAS legislation. A witness also described a personal experience where a liquid ski wax disappeared from the market and later returned, likely because of PFAS concerns. The chair then closed the hearing on HB 167 without a vote. The committee then opened a hearing on House Bill 312, dealing with college athletes’ name, image, and likeness (NIL) rights. Representative Moffett said the bill was modeled on New Jersey law and intended to let student-athletes earn compensation from NIL without losing institutional scholarships, while also requiring licensed representation and setting limits on certain endorsements. He described the measure as proactive because NIL rules are evolving and could create conflicts among schools and future lawsuits. Members questioned whether the bill should apply to two-year institutions, whether it should exclude firearms and weapons, and whether the scholarship protections would cover need-based or academic aid as well as athletic scholarships. Moffett said the scholarship language was intended to protect scholarships generally, but not need-based aid specifically, and he acknowledged discomfort with some of the endorsement restrictions. Public testimony on HB 312 was mixed. One supporter, a former Division III athlete and coach, backed the bill but urged removal of a section allowing institutions or athletic bodies to use an athlete’s NIL without compensation, arguing most New Hampshire athletes do not receive NIL money and should not have to work extra jobs to cover basic expenses. The chair also raised concerns about the bill’s contractual and identity-rights implications, referencing prior committee work on a J.D. Salinger-related identity case and noting the committee had previously declined to get involved in similar contractual disputes. No vote was taken during the hearing.

Transcript Highlights:

• How are transportation, operations, finances, and taxes going to work?
• does that is to try to close that it does that is to try to close that educational<00:38:01.680> gap
• The attention on the two different areas is trying to close that education gap so that those students
• The attention on the two different areas is trying to close that education gap so that those students
• The attention on the two different areas is trying to close that education gap so that those students

Keywords: 1136, house, all

Transcript Highlights:

• We could use $100 million to really fill the gap.
• And when you add the local farm-to-school funding, that gap gets even bigger.
• First is fixing the Chapter 70 gap. This is to cover the $465 million shortfall.
• But the administration doesn't care about these gaps.
• They are an amazing resource, but simply can’t fill all the gaps.

Keywords: 995, all

Summary: The Joint Ways and Means Committee held its final public hearing on the FY26 state budget, with chairs and members emphasizing that public testimony would help shape the budget and asking speakers to keep remarks brief. Committee leaders introduced members, explained the hearing process, and repeatedly thanked residents, students, and advocates for participating. No votes were taken during the hearing. Testimony focused heavily on education funding and the Chapter 70 formula. Students from Amherst, Northampton, Gateway Regional, Chester Elementary, and other districts described budget-driven cuts to electives, special education supports, paraprofessionals, counselors, transportation, and building maintenance. They urged higher Chapter 70 aid, increased minimum aid, rural school aid, and a reopening or restructuring of the funding formula, arguing that current formulas leave many districts unable to meet student needs and force local layoffs and overrides. Other speakers urged funding or protection for a range of programs and facilities, including the Louis D. Brown Peace Institute for homicide survivor services, the Museum of African American History, the Massachusetts Commission for the Deaf and Hard of Hearing and CART/interpreter services, the Access to Counsel housing legal aid program, the Department of Mental Health and Pocasset Mental Health Center, and Pappas Rehabilitation Hospital for Children. One speaker opposed offshore wind-related spending and urged a reset of the state’s energy approach, while another advocated ending the aircraft sales tax exemption. Committee members responded sympathetically to many speakers, asked a few follow-up questions, and several expressed support for maintaining or expanding the programs discussed.

Transcript Highlights:

• This bill excludes financing from notice requirements but includes revenue.
• So we have passed this bill to allow the company to go get financing.
• I voted for—or rather, I voted against the House Finance version of the bill on June 12th.
• It's what gets projects financed even if they're not going to be paid off for 20 or 30 years.
• It would have shown progress to the finances, the investors.

Keywords: 905, all

Summary: The House met with a quorum, approved the journal, and received messages from the governor and Senate, including notice that the governor vetoed CSHB 16 and allowed HB 14 to become law without signature. The chamber then took up the conference committee report on HB 381, a major Alaska LNG-related bill that revises the project’s tax and regulatory structure. The conference report was explained as a compromise package that, among other things, changes required local contribution language, expands disclosure and notice requirements, adjusts foreign ownership reporting, extends the Phase 1 construction deadline, adds a $10 million workforce development/community impact fund, modifies project labor agreement provisions, and exempts the Alaska LNG project from the new pass-through entity tax while still requiring an informational tax return in 2027. The Speaker also announced the governor had issued a proclamation calling the legislature back into session on July 27, 2026, and said sine die would be moved after debate. Debate on HB 381 was sharply divided. Supporters argued the bill is necessary enabling legislation to improve the project’s financial viability, protect Alaska’s interests, and move the North Slope gas line toward final investment decision, while also adding transparency, foreign ownership safeguards, and labor and workforce provisions. Several members said the conference committee process was collaborative and that the bill reflects hard-fought compromise with the developer, AGDC, labor, and the administration. Opponents focused on the addition of the pass-through entity/S-corp income tax and related reporting requirements, arguing it is a separate tax policy issue that should have been considered in its own bill, creates uncertainty and litigation risk, could harm existing oil and gas and Cook Inlet production, and may discourage investment. Multiple members also criticized the process as rushed and insufficiently transparent, especially the limited opportunity for the minority and the absence of Department of Revenue testimony during conference. No final vote on the conference committee report is shown in the transcript excerpt. The debate continued with members alternating between support for the gas line project itself and opposition to the tax provisions and process used to advance HB 381.

Transcript Highlights:

• international uh development financing international uh development financing have<03:15:05.120>
• Um so I'm happy to world in finance.
• disparity creates an enforcement gap disparity creates an enforcement gap that<04:31:37.840>
• <04:34:08.160> broader proceeds are used to finance broader proceeds are used to finance broader
• Again, I no cost fix to close this gap.

Keywords: U.S. House of Representatives Floor Proceedings on Tuesday, May 12, 2026, 1012, house, all

Transcript Highlights:

• I am the chief deputy director at the California Housing Finance Agency, also known as CalHFA.
• The Housing Development and Finance Committee is an integral piece to this proposal.
• That is how the state of California finances affordable housing.
• And that is what the Housing, Finance, and Development Committee does.
• How are you envisioning... comes to housing finance, that you have more of one stop for that.

Summary: The joint hearing focused on the Governor’s 2025 reorganization plan to split the Business, Consumer Services and Housing Agency into two new agencies: a Business and Consumer Services Agency and a California Housing and Homelessness Agency. Administration officials said the change would give each side more focused leadership, improve consumer protection and regulatory oversight, and better align housing and homelessness policy with the state’s broader housing goals. Leaders from the Department of Consumer Affairs, Cannabis Control, Alcoholic Beverage Control, and Financial Protection and Innovation all voiced support for the business-side reorganization, while housing officials emphasized that the new housing agency would help streamline funding, compliance, and coordination across programs. Members raised concerns about timing, budget impacts, office space, and whether the split would actually reduce bureaucracy. The administration said the plan would be included in the May Revision, was intended to be cost-neutral, and would not require fee increases for licensees or additional office space. On the housing side, officials said the new Housing Development and Finance Committee would work toward a single application and more coordinated award process for affordable housing funding, while preserving CalHFA’s statutory and financial independence. They also said the reorganization would improve compliance monitoring, data collection, and coordination with local governments, including Los Angeles homelessness programs. Public testimony was largely supportive. Industry groups representing beverage distributors, craft brewers, wine, mortgage lenders, and housing organizations backed the business-side split, and housing advocates such as Housing California, the California Housing Partnership, and the California Housing Consortium supported the housing agency concept and the proposed one-stop-shop approach. Several witnesses urged that tax credits, bonds, and other funding sources be better coordinated, and some said the plan should be paired with additional state investment and implementation resources. No formal vote was taken; the hearing was informational.

Transcript Highlights:

• that uh below 100% gap. that uh below 100% gap.
• So, the gaps, these are the gaps, right?
• So, the gaps, these are the gaps, >> Right. So, the gaps, these are the gaps, right?
• >> It's that gap we used to be talking about. >> Yes. Mr.
• we used to be talking >> It's that gap we used to be talking about. about. about.

Keywords: 916, all

Transcript Highlights:

• This is the Transportation Finance and Policy Committee. Uh, we do have a quorum.
• we will just uh spend some committee time uh better understanding how transit and transportation finance
• we will just uh spend some committee time uh better understanding how transit and transportation finance
• just uh proceed with uh our presentation from the Met Council on Regional Transit and Governance Finance
• :25.759> Transit<00:01:26.080> and<00:01:26.320> Governance<00:01:27.040> Finance

Bills: HF4693

Keywords: transportation, license plates, validation stickers, replacement fees, government fees, 1183, house

Summary: The Transportation Finance and Policy Committee approved the April 13, 2026 minutes and then heard a presentation from Charles Carlson of Metropolitan Transportation Services on regional transit governance and finance in the Twin Cities area. Carlson reviewed the history of transit governance from private streetcars and buses to public control, including the creation of the Met Council and Metropolitan Transit Commission in 1967, later fragmentation through suburban opt-outs and the Regional Transit Board, and the 1994 consolidation that made Metro Transit part of the Met Council. He also explained the role of the Transportation Advisory Board as a state-created advisory body to the council’s federally designated MPO function, and noted that any major structural change to the Met Council could trigger federal redesignation requirements. The presentation then focused on funding changes over time. Carlson said transit was long supported by fares, property taxes, and federal aid, but that property taxes for operations were prohibited in 2001, federal operating assistance ended, and the state shifted to general fund support and then motor vehicle sales tax revenue. He described the 2006 constitutional dedication of motor vehicle sales tax, the volatility of that revenue during the Great Recession, and the use of one-time state appropriations and later federal COVID relief to cover operating gaps. He said the 2023 legislature created the regional 3/4-cent transportation sales tax to stabilize transit operations, reduced the state’s rail operating obligation, and moved Metro Mobility/Metro Move into a state forecast-based program effective in 2025. Members asked several questions about the structure of suburban “opt-out” providers, including Maple Grove and Plymouth, and how they can contract with Metro Transit or private providers while still retaining control of their allocated funds. Carlson explained that replacement service municipalities receive statutory and formula allocations and choose how to use them. He also described Metro Move as a waiver-based service begun in 2024 that uses human services and Medicaid funds to reduce pressure on the state general fund. Later discussion covered ridership and service shares, with Metro Council providing the vast majority of regional transit service and suburban providers accounting for a small share. No votes or bill actions were taken beyond adoption of the minutes; the chair indicated a bill would be taken up later in the meeting.

Transcript Highlights:

• That new division of finance and auditing was in the audits in 2018, 19, and 20.
• fill the gap between the 90% and 100%. fill the gap between the 90% and 100%.
• It was held by finance. Um, our bill had some language in it that dealt with the PILOT programs.
• It was held by finance. Um, our bill had some language in it that dealt with the PILOT programs.
• Um our the our me our bill had finance.

Keywords: 1191, senate, all

Transcript Highlights:

• <00:42:27.480> of<00:42:27.599> these<00:42:27.760> data<00:42:28.079> gaps
• <00:42:28.400> that<00:42:28.599> exist fill some of these data gaps that exist fill
• But yes, I would say the permitting is a piece of it, and then the financing as well.
• <01:28:17.000> and<01:28:17.320> and get the the industry financed and and get the
• the industry financed and and and<01:28:18.040> invested<01:28:18.480> in<01:28:18.800>

Bills: HF1126, HF967, HF1066, HF1669, HF926

Keywords: property tax, Indian Tribe, tax exemption, Minnesota, public charity, property tax exemption, Minnesota statutes, unorganized territory, federally recognized, soil conservation, water conservation, local government aid, environmental funding, Minnesota legislation, tax credits, sustainable aviation fuel, environmental policy, corporate franchise, Minnesota taxation, tobacco

Transcript Highlights:

• Additionally, gaps in the current recall process, such as the lack of transparency around paid signature
• Well, I'm certainly open to any productive, constructive ideas on how to make campaign financing more
• When I mention campaign financing, people go wild. People want something done.
• As a result, the current legal framework leaves... ...to enact meaningful campaign finance reforms.
• result, the current legal framework leaves policymakers with few tools to adopt reasonable campaign finance

Keywords: 988, house, all

Transcript Highlights:

• We've been working for four decades financing businesses that support shared ownership, especially co-ops
• So LEAF helped finance the sale of Fetz Plumbing from the owner to the workers.
• those businesses are gone, it's very expensive and risky to try to start a new business to fill the gap
• Like we heard from Stacey earlier, we have financing organizations that focus on cooperatives.
• We have financing organizations that focus on cooperatives.

Keywords: 995, all

Summary: The Joint Committee on Economic Development and Emerging Technologies held its first public hearing of the session, chaired by Rep. Carole Fiola with Sen. Barry Finegold. After housekeeping on livestreaming, virtual testimony, and written testimony deadlines, the committee heard testimony on several bills, with the main focus on S. 303/H. 503/S. 305 and H. 491, all related to worker ownership and business succession. Testimony generally supported expanding employee ownership, right of first refusal for workers, and incentives for owners to sell to employee groups. Speakers from worker co-ops, technical assistance organizations, lenders, and business owners said these measures could preserve local businesses, protect jobs, build worker wealth, and help communities retain valued services and storefronts. On S. 303, Vincent Lawrence Dixon described a proposal to create tools such as a special community trustee, right of first refusal, and community institution landmarks to help communities preserve important local properties and uses when owners cease operations. On H. 491 and the employee-ownership bills, witnesses including Matthew Page Lieberman, Caleb from Circus Cooperative Cafe, Sarah Acefa of Dorchester Food Co-op, Halsey Platt, Kevin O'Brien, John Abrams, Virginia Berman, Stacey Cordero, Adrian Roman, Alex Popali, Adam Trott, and Ethan Tupelo emphasized that worker-owned businesses can be more resilient, support democratic participation, and help with business transitions as owners retire or close. Committee members asked questions about the tax incentive threshold, the timing and mechanics of the right of first refusal, and whether the bills would affect sale prices or business succession. Rep. Kristen Kassner also testified on H. 490, which would create a special commission to inventory the Commonwealth’s built environment, infrastructure, permitting, and land-use barriers to help Massachusetts adapt vacant or underused spaces for the next economy. She said the commission would help identify opportunities for housing, climate and energy tech, advanced manufacturing, and other uses, and members discussed commission composition and data sources. At the end of the hearing, the chair read a series of additional bills into the record, noted an upcoming Economic Development Expo, and the committee adjourned after a motion and second.

Transcript Highlights:

• On this bill, it's interesting to me that it received a referral to Rules and then Senate Finance Committee
• I think the argument here is that increasing those license fees doesn't need to go before Senate Finance
• For a number of years, I've worked on the campaign finance statutes.
• We believe that methods of financing political campaigns should ensure the public's right to know, combat
• So we have an inquiry that's going on and we're trying to identify gaps in infrastructure that could