Video & Transcript Research : 'fiscal trigger'

Page 13 of 500
TX

Texas 89th 2nd C.S.

State Affairs Apr 30th, 2025

State Affairs

Transcript Highlights:
  • These operating reserves dropped below critical thresholds triggering industrial demand response.
  • rifles and shotguns, silencers, firearms capable of firing multiple shots with a single pull of the trigger
  • Excluded items include explosives, firearms capable of multiple shots per trigger pull, submachine guns
TX

Texas 89th Regular

State Affairs Apr 30th, 2025

State Affairs

Transcript Highlights:
  • These operating reserves dropped below critical thresholds, triggering industrial demand response.
  • rifles and shotguns, silencers, firearms capable of firing multiple shots with a single pull of the trigger
  • Excluded items include explosives, firearms capable of multiple shots per trigger pull, and some machine
TX

Texas 89th Regular

Ways & Means Apr 14th, 2025

Ways & Means

Transcript Highlights:
  • They even highlighted its sensible policy design and minimal state fiscal impact.
  • On a fiscal note, it seems very out of whack. You're not giving them vehicles.
  • I would be surprised if this fiscal note is accurate.
  • It ensures transparency and accountability. and fiscal discipline without disrupting local governance
  • I express my strong support for House Bill 2370, fiscal responsibility.
TX

Texas 89th 2nd C.S.

Local Government (Part II) Mar 24th, 2025

Local Government

Transcript Highlights:
  • Let me leave you with this final thought for those taxing units that like to claim fiscal responsibility
  • akin to owning a house and having a $2,000-a-month mortgage, and the mortgage company says they're fiscally
Summary: The Senate Local Government Committee heard several bills by Senator Bettencourt focused on property tax and local government accountability. SB 32 would provide about $700 million in business tax relief by raising the business personal property exemption from $2,500 to $25,000 and continuing a 20% franchise tax credit for inventory taxes paid. Witnesses from NFIB, the Texas Retailers Association, and Texas Realtors supported the bill, saying business personal property and inventory taxes are burdensome and especially hard on small businesses. After no opposition testimony, SB 32 was left pending. The committee also heard SB 1453, which would change how interest and sinking tax rates are calculated by using only the minimum debt service required under bond schedules, while still allowing a higher rate with a 60% governing body vote and a public explanation. A witness from the Texas Taxpayers and Research Association supported the bill as a way to keep debt rates from rising as property values increase and to preserve tax relief. The bill was left pending after testimony. SB 1883 would tighten rules on local impact fees by requiring 60 days of public availability for capital improvement plans and land use assumptions, raising the approval threshold for adopting impact fees from a simple majority to two-thirds, limiting how often fees can be increased, and expanding notice requirements. Builders and developers testified in support, arguing that impact fees are often poorly reviewed, lack accountability, and are passed on to homebuyers, worsening housing affordability. Committee members discussed adding audit provisions and questioned the lack of city testimony. The bill was left pending with subcommittee action. SB 1452 would require a voter election to decide whether a municipal management district continues to exist, with dissolution if voters reject it; supporters said it would add accountability, while others noted some districts provide essential services and infrastructure. The committee heard testimony from district representatives and builders, then left SB 1452 pending before recessing.
TX

Texas 89th Regular

Local Government (Part I) Mar 24th, 2025

Local Government

Transcript Highlights:
  • cities allows a small portion of the population to make significant changes, as a petition can be triggered
  • True, gentlemen, anybody disagree, and the problem is that it could be triggered without even a vote
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Ways and Means Jun 21st, 2026 at 10:30 am

Joint Committee on Ways and Means

Transcript Highlights:
  • Yes, it did trigger some questions that claimants had along the way and triggered higher demand for navigating
  • And there's a trigger of 5.2%.
  • In the coming fiscal year.
  • So the appropriation is going down from this current fiscal year to next fiscal year.
  • This industry provides significant fiscal benefits for the Commonwealth, and in fiscal year 2025, for
Keywords: 995, all
Summary: The Joint Committee on Ways and Means held a public FY27 budget hearing at Barnstable Town Hall, with opening remarks emphasizing the Cape and Islands’ seasonal infrastructure, housing, transportation, workforce, and digital needs. The hearing began with testimony from the Executive Office of Labor and Workforce Development, which outlined the Healey-Driscoll administration’s budget priorities for job training, apprenticeship, youth employment, reentry programs, and unemployment insurance modernization. The secretary highlighted proposed funding for the Workforce Competitiveness Trust Fund, Career Technical Initiative, YouthWorks, reentry workforce development, and services for young adults with disabilities, along with a proposal to streamline youth work permits. Members also discussed the unemployment trust fund, the COVID assessment on employers, rising unemployment, and the need to improve DUA customer service and claims processing. Committee members asked about job seeker barriers such as child care, housing, transportation, and out-migration of young workers, as well as how to keep Cape Cod graduates and seasonal workers in the region. The administration said its strategy is to pair training with broader affordability investments and to expose students to career pathways earlier, including through middle school, early childhood STEM, YouthWorks, pre-apprenticeships, and Building Pathways. Senators and representatives also raised concerns about regional funding disparities, especially for Hampshire Franklin MassHire, and the administration said it is reviewing MassHire funding and service equity through a policy committee and statewide workforce board. On unemployment assistance, officials reported major improvements in wait times and claims processing, but said they are still working through backlogs and staffing challenges while maintaining program integrity. The committee then heard testimony from the Executive Office of Economic Development. The secretary described House 2 as a fiscally restrained budget with no new taxes or fees, while preserving core programs and using the Mass Leads Act tools to support competitiveness. EOED’s proposal included funding for the Community One Stop for Growth, rural economic development, social enterprise operating grants, regional economic development organizations, the Workforce Investment Trust Fund, Community Workforce Partnerships, Pathmaker, advanced manufacturing training, life sciences, innovation vouchers, AI initiatives, small business assistance, and tourism and live theater support. The Office of Consumer Affairs and Business Regulation also testified on its FY27 request, focusing on consumer protection, licensing, banking, insurance, and public safety regulation. No votes were taken during the hearing.
NH

New Hampshire 2026 Regular Session

Senate Session (06/04/2026)

New Hampshire Senate Floor Meeting

Transcript Highlights:
  • Those are the two major triggers.
  • amendment and the fact that the triggers amendment and the fact that the triggers are<01:16:07.040
  • We had a fiscal note. We know what it was in the current form with the triggers.
  • Institute Hampshire Fiscal Policy Institute Hampshire Fiscal Policy Institute recently<01:38:
  • talk about that when we get to fiscal. talk about that when we get to fiscal.
Keywords: 1191, senate, all
NH
Transcript Highlights:
  • have the information for the fiscal have the information for the fiscal note<00:22:19.120> based
  • <00:22:34.159> note<00:22:34.440> for the fiscal note for the fiscal note for 727<00
  • of the bill there that's what the fiscal of the bill there that's what the fiscal note<00:23:11.360
  • fiscal note um and because it the fiscal note um and because it the language<00:31:56.080> of<
  • <00:32:05.480> no that this is included in the fiscal no that this is included in the fiscal
Keywords: 928, house, all
Summary: The committee reviewed selected House Bill 2 provisions, focusing first on the group two pension reform language and whether it matched prior legislation and the fiscal note. Members discussed two main issues: the treatment of extra and special duty pay in the pension calculation for employees hired before 2011, and the annuity multiplier after 15 years of creditable service. Several members said the HB 2 language was intended to restore prior law and protect against pension “spiking,” while others worried the draft and fiscal note may not have fully reflected current law, potentially affecting the cost estimate. The discussion repeatedly emphasized the need to avoid underfunding or double counting and to make sure Finance had the correct actuarial assumptions. No vote was taken; the committee agreed to flag the issues for Finance and to clarify the fiscal note. Members also discussed the vested-rights language, which was described as an explicit definition of vesting and a restriction on future legislative changes to compensation calculations after three years of service. Some viewed it as a policy protection with no immediate fiscal impact, while others noted it had been included in prior legislation and should be clearly understood before the bill moved forward. The committee also briefly referenced prior pension legislation, including House Bill 436 and House Bill 727, and noted that HB 2 was being used to carry forward related pension repair provisions. The committee then turned to an OPLC-related section transferring building, plumbing, electrical, and fuel gas inspector positions from OPLC to the Department of Safety’s Fire Marshal’s office. Testimony explained that the nine inspector positions are funded from the licensing fund, and that the move was justified as a public-safety function better aligned with the Fire Marshal’s mission because the inspections are statewide code-enforcement work rather than facility-specific licensing work. The discussion ended with a note that the remaining HB 2 changes run through 2034 and a brief announcement about memorial arrangements for C.J. Gerard.
LA

Louisiana 2026 Regular Session

Insurance May 19th, 2026

Insurance

Transcript Highlights:
  • And you can trigger a separation event if you wanted to do that.
  • You could just trigger a separation event.
  • It will take the fiscal note down to zero impact upon the state fiscal note.
  • I've worked with them in the past, and I looked at the fiscal note.
  • One is going to be it adds a pre-authorization trigger.
Summary: The House Insurance Committee met on May 19 and first took up Senate Bill 509 on bank-owned life insurance. The bill would clarify that banks retain an insurable interest in former employees for purposes of exchanging underperforming bank-owned life insurance policies for better-performing ones. Members adopted a revised amendment set after withdrawing a prior version. Testimony focused heavily on whether consent from the insured former employee is required for any transfer or exchange, with supporters saying the bill is needed to address underperforming policies and opponents warning about unclear consent standards, data-transfer concerns, litigation risk, and possible federal tax issues. After debate, the committee reported SB 509 as amended by a 7-4 vote. The committee then heard Senate Bill 295, which requires health insurance coverage for medically necessary treatment for persons with acquired brain injuries, including cognitive rehabilitation and related services. Supporters from the Brain Injury Association of Louisiana and NeuroRestorative described gaps in post-acute care, high rates of discharge to unsafe home settings or nursing homes, and improved return-to-work outcomes when patients receive appropriate rehabilitation. An amendment was adopted to clarify federal essential health benefit limits and remove certain language, reducing the fiscal note to zero. The bill was then reported as amended without objection. Next, the committee considered Senate Bill 155, which requires coverage for medically necessary dental procedures needed for cancer treatment clearance, such as exams, imaging, and extractions. Cancer advocates, oncologists, and dental representatives said untreated dental problems can delay chemotherapy or radiation and lead to worse outcomes and higher costs. Cleanup amendments were adopted, and the bill was reported as amended. The committee also advanced Senate Bill 465, which tightens prompt-payment deadlines for health insurers, adds pharmacy payment provisions, and creates a recoupment timeline for dental claims; after technical and substantive amendments, it was reported as amended. Finally, the committee approved Senate Bill 276, creating a pre-appointment affidavit process for bail bond producers to ensure prior premiums, shortages, and forfeitures are resolved before a new insurer appointment, and House Resolution 260, which urges the Department of Insurance to study how out-of-network medical billing affects auto insurance rates. Both measures were reported favorably or as amended, and the committee adjourned after a motion to do so.
MN

Minnesota 2025-2026 Regular Session

Committee on Jobs and Economic Development - 03/26/25

Jobs and Economic Development

Transcript Highlights:
  • Senate File 2660 requests $750,000 in fiscal year 2026 and then $750,000 again in fiscal year 2027 from
  • > from<00:20:24.559> the 150,000 fiscal year 2027 from the 150,000 fiscal year 2027 from
  • Then it triggers and it turns into something that is a little bit more that does trigger behaviors or
  • <00:37:17.920> into bit more that does that triggers into bit more that does that triggers
  • fiscal year 2425 from the general fund. fiscal year 2425 from the general fund.
Keywords: 1187, senate, all
WV

West Virginia 2026 Regular Session

Senate in Session Mar 14th, 2026 at 09:19 pm

West Virginia Senate Floor Meeting

Transcript Highlights:
  • million from fiscal year 24 and reappropriate the funds.
  • When you hit the 50-employee mark, you trigger FMLA.
  • Yes, so there's two ways that you could trigger...
  • Yes, so there's two ways that you could trigger some sort of an investigation.
  • It is not something that triggers additional inspections or audits or anything.
Keywords: 994, senate, all
Summary: The Senate considered and passed House Bill 4245, the Department of Revenue rules bundle covering 27 rules from six agencies. Members withdrew the committee amendment, adopted a floor amendment making changes to two lottery rules and one tax rule related to pre-need cemetery companies, then passed the bill 30-1. The Senate also adopted a title amendment and made the bill effective from passage by a 31-0 vote. Later, when the House rejected the Senate’s amendments, the Senate receded from its amendments and again passed the bill, making it effective from passage. The chamber also adopted several concurrent resolutions from the Rules Committee, including studies on school finance transparency, divorce grounds, the Southern West Virginia water crisis, athletic trainer access in public secondary schools, the eastern gray fox population, upland game bird stamp purchases, and the Public Service Commission. Senate Concurrent Resolution 50, calling for a study of the PSC, was also adopted. In addition, the Senate passed House Bill 5381, which expands the Office of Energy’s role to develop a comprehensive energy policy and grid stabilization plan, and House Bill 5412, the Future Ready Education Act, after amending it to require annual vocational and agriculture offerings unless not viable and to set science-of-reading training requirements for K-5 literacy teachers by 2028-29. The Senate passed House Bill 845, a supplemental appropriation to the Governor’s Office Civil Contingent Fund, after concurring in a House amendment that reappropriated federal match grant funds and increased the civil contingency surplus fund from $15 million to $25 million; it was made effective from passage. The chamber also concurred in House amendments to House Bill 4106 on constitutional carry for 18- to 20-year-olds, House Bill 4004 creating the Recharge West Virginia training reimbursement program, House Bill 5453 revising the school aid funding formula for special education weighting, and other measures including House Bill 4009 on portable benefits, Senate Bill 164 on substitute teacher definitions, and House Bill 4606 on pretrial release for certain felonies. A lengthy debate centered on House Bill 4198, the E-Verify Safe Harbor Act. The Judiciary Committee amendment would have required public and certain private employers to use E-Verify, while a further amendment from the Senator from Randolph would have limited the mandate to public employers and made E-Verify optional for private employers with liability protections for good-faith use. After extensive discussion about small business impacts, federal-state conflicts, and enforcement, the Senate adopted the Randolph amendment and then passed the bill 31-3, with a title amendment also adopted. The Senate later refused to concur in House amendments to House Bill 4010, concurred in House amendments to House Bill 5438, receded from amendments to House Bill 4765, and adjourned sine die.
NM

New Mexico 2026 Regular Session

House - Chamber Meeting Feb 11th, 2026 at 11:17 am

New Mexico House Floor Meeting

Transcript Highlights:
  • Because it also triggers, again, Mr.
  • And they're, according to the fiscal implications on the fiscal analysis, Mr. Speaker. Mr.
  • But if you get triggered and you get triggered and you continually get triggered, not only are you...
  • But if you get triggered and you get triggered and you continually get triggered, not only are you And
  • if you get triggered and you continually get triggered, not only are you disrupting the class.
KY
Transcript Highlights:
  • <00:36:17.839> and these uh defrail uh or uh fiscal and these uh defrail uh or uh fiscal and
  • <00:36:30.800> impact have their own means of fiscal impact have their own means of fiscal
  • <00:50:43.359> cost passed in 2024 that would trigger cost passed in 2024 that would trigger
  • <01:02:15.359> impact the format of our uh fiscal impact the format of our uh fiscal impact
  • <01:23:52.400> impact benchmark plan, the fiscal impact benchmark plan, the fiscal impact
Summary: The Interim Joint Committee on Banking and Insurance met for its first interim meeting, established a quorum, approved routine opening items, and welcomed a new committee assistant and a legislative intern. The committee first heard a Kentucky Bankers Association presentation from Tim Shank and John Cooper focused on the state’s housing shortage, which they described as affecting all 120 counties and especially low- and moderate-income and workforce housing. They urged support for a proposed $20 million banker-backed revolving fund, paired with tax credits, to finance new housing construction; they said the program would be flexible, could support alternatives such as manufactured housing, and would use below-market loans with tax credits vesting over five years only after units are completed. They also asked for extension of the historical tax credit carryforward from five to seven years and for continued support of new market tax credits, arguing that supply-chain delays make the longer period necessary for historic rehabilitation projects. The bankers also raised concerns about credit unions, arguing that because credit unions do not pay the same taxes as banks, they should not be allowed to acquire healthy state-chartered banks or hold state and local deposits. They cited the recent purchase of First State Bank of Middlesborough as an example, saying the transaction would reduce state, county, and city tax revenue and weaken local tax bases. In response to committee questions, the presenters said local regulations, zoning, parking, sidewalk, and utility easement issues can significantly delay housing projects, and they emphasized that state policy and infrastructure support are needed to help address affordability and development barriers. The committee then shifted to a Department of Insurance presentation by Commissioner Sharon Clark on how to read KRS 6.948 health mandate and federal cost defrayal impact statements. Clark explained that the mandate statements were created in 1998 so legislators would have actuarial estimates of how proposed health insurance mandates would affect administrative costs, premiums, and total costs, and she noted that later legislation added federal cost-defrayal analysis. She also reviewed the background of the Affordable Care Act’s essential health benefits framework and said the department’s statements are intended to help lawmakers make informed decisions on proposed health coverage mandates. No votes or formal actions were taken during the portion of the meeting provided.
CO

Colorado 2026 Regular Session

Colorado Senate 2026 Legislative Day 098 Apr 22nd, 2026

Colorado Senate Floor Meeting

Transcript Highlights:
  • note for next fiscal year.
  • note for next fiscal year.
  • note for next fiscal year.
  • <02:40:00.399> Thank fiscal note for next fiscal year.
  • Thank fiscal note for next fiscal year. Thank you,<02:40:00.800> Mr.<02:40:01.040> Chair.
Keywords: 981, all
Summary: The Senate met with a quorum present, approved the previous day’s journal, and received several housekeeping notices, including corrected engrossments/enrollments and committee reports. The Committee on Education reported Senate Bill 23, and the Committee on Judiciary reported Senate Bill 149, both amended and referred to Appropriations with favorable recommendation. The chamber also recognized former Representative Lang Sias as a special guest and heard several moments of personal privilege, including introductions of guests connected to the Boulder Boulder race and the Leadership Program of the Rockies. The Senate then took up Senate Resolution 6, designating April 2026 as National Donate Life Month. Supporters highlighted Colorado’s high donor registration rate, the work of Donor Alliance, and personal stories about organ and tissue donation saving lives. The resolution was adopted 34-0, with the current roll call added as co-sponsors. The Senate also adopted Senate Resolution 7, designating April 2026 as Second Chance Month. Proponents emphasized the impact of collateral consequences on people with criminal records, the importance of employment and reentry, and the value of redemption and public safety; the resolution passed 34-0 and the current roll call was added as co-sponsors. Finally, the Senate considered Senate Joint Resolution 23, recognizing Young Americans Bank and the Young Americans Center for Financial Education for their contributions to financial literacy education in Colorado. The resolution cited House Bill 25-1192’s new financial literacy requirements and praised the organizations’ experiential learning model and statewide reach. Senators spoke about Bill Daniels’ legacy and the programs’ impact on students, including testimony that the institutions have served hundreds of thousands of Colorado youth. The resolution was read at length and discussed, but the transcript cuts off before a final vote is shown.
MN

Minnesota 2025-2026 Regular Session

Committee on Higher Education - 03/20/25

Higher Education

Transcript Highlights:
  • That's a 1% increase beginning of fiscal year 27.
  • That's a 1% increase beginning of fiscal year 27.
  • That's a 1% increase beginning of fiscal year 27.
  • That's a 1% increase beginning of fiscal year 27.
  • 1% increase beginning of fiscal year 27. 1% increase beginning of fiscal year 27. uh<00:15:23.600
Keywords: 1187, senate, all
MN

Minnesota 2025 1st Special Session

Committee on Judiciary and Public Safety - 02/03/25

Judiciary and Public Safety

Transcript Highlights:
  • lock and they have purchase a trigger lock and they have that<00:14:26.199> trigger<00:14:26.560
  • And just so you know, because there is a possible fiscal implication, we are waiting for fiscal analysis
  • because uh there is a possible fiscal because uh there is a possible fiscal implication<00:22:51.320
  • implication um we are waiting for fiscal implication um we are waiting for fiscal analysis<00:22
  • > it individuals in fiscal year 27 so it individuals in fiscal year 27 so it seems<01:24:47.639
Keywords: 1187, senate, all
Summary: The committee heard testimony on several bills and a Department of Corrections budget overview. On Senate File 9, Senator Rest explained a bipartisan campaign finance refund bill that had previously moved through the Elections Committee and the tax bill process. Members asked about the $10 minimum contribution threshold for reporting and refund eligibility, and Rest said it was a reasonable number suggested by Senator Karan to make the system more efficient. The bill also included data practices language classifying certain refund-related information as private data, with a separate nonpublic classification noted for receipt validation reports. The committee voted to recommend the bill to pass and re-refer it to the Taxes Committee. The committee then took up Senate File 11, a sales tax exemption for firearm safety devices such as trigger locks and gun safes. Rest described the bill as an extension of prior tax exemptions and clarified that it does not apply to the firearm itself. An A1 clarifying amendment defining “government entity” by reference to statute was adopted. Members discussed the bill’s scope and data privacy language, including a provision making purchase or transfer information private if collected by a government entity. The committee then voted to recommend the amended bill to pass and re-refer it to the Taxes Committee. Next, the committee heard Senate File 456, a bill to update Minnesota’s drug statutes to address fentanyl more directly. Anoka County Assistant County Attorney Sebastian Mesa and Senator Oumou Verbeten testified in support, arguing that fentanyl has become more dangerous than methamphetamine and that the law needs to be updated to give prosecutors a better tool. Members discussed overdose trends and whether more recent statistics were available; one member noted 2023 fentanyl deaths exceeded 1,000, while another said national fatal overdoses had declined since mid-2023. The bill was laid over, with the committee noting it would wait for fiscal analysis before further action. Finally, Commissioner Paul Schnell gave an overview of the Department of Corrections, describing its mission, staffing, prison population, community supervision responsibilities, and budget context. He emphasized rehabilitation, evidence-based practices, reentry support, and the public safety benefits of reducing recidivism. No vote was taken on the department presentation.
AZ

Arizona 2026 Regular Session

03/16/2026 - Senate Military Affairs and Border Security

Military Affairs and Border Security

Transcript Highlights:
  • Chair and members, House Bill 2416 appropriates $20 million in fiscal year 2007 from the State General
  • I don't know that. 18.2 is the amount that was funded for local border support in the current fiscal
  • Jen, 11 sheriff offices were awarded funding from the local border support program in fiscal year ...
  • So when I hear someone testify and try to make this about immigration, I'm triggered, okay?
  • Chair, Keanu, what was the fiscal note on this? Keanu? Mr.
Summary: The Military Affairs and Border Security Committee approved the February 16, 2026 minutes and then heard several bills. HB 2416 would appropriate $20 million for DPS border support, including equipment, officer positions, and grants to local governments for border-related prosecutions and detention costs. Supporters, including the Arizona Sheriffs Association, said the funds are fully used each year and are largely spent on drug interdiction; opponents argued the bill’s immigration-related language could expand enforcement and that the money should instead go to health care, education, food assistance, or prevention programs. After debate, the committee passed HB 2416 on a 4-3 vote. The committee then considered HB 2806, which would require county recorders, ADOT, and AHCCCS to use the federal SAVE system and report citizenship-verification results to JLBC and the Auditor General. The sponsor was absent, and an ACLU representative testified in opposition, arguing SAVE is not appropriate for voter eligibility checks, could disenfranchise eligible citizens, and would likely cause litigation and administrative confusion. Members raised concerns about necessity, due process, and whether the state already verifies citizenship adequately, but the bill still received a do-pass recommendation on a 4-3 vote. HB 2663, a technical cleanup bill updating military leave language for state and local employees who are National Guard or Reserve members, drew no opposition and passed unanimously. HB 2759 would appropriate $500,000 to the Department of Veterans Services for grants tied to veterans programs at Yavapai County institutions; testimony described it as helping veterans with housing gaps, emergencies, and professional development while they wait for GI Bill payments. Several members questioned why it was limited to Yavapai County and whether private institutions should be included, with some viewing it as a pilot program and others wanting statewide expansion. It passed 4-3, and the committee adjourned.
ND
Transcript Highlights:
  • PERS has our actuary price what the cost is going to be for PERS, and that's what's used in the fiscal
  • interim because bills have to go through the employee benefits programs committee that impact us fiscally
  • Frickie, does L.C., what has to trigger L.C. to do cost-benefit analysis?
  • I look at your fiscal note, not the cost-benefit analysis.
  • I look at your fiscal note, not the cost-benefit analysis.
Keywords: 908, all
Summary: The conference committee on HB 1248 met to review differences between the House and Senate versions of the bill, which concerns the PERS pilot program and insurance mandate process. Rebecca Frickie, executive director of PERS, explained that the Senate version removed the House provisions repealing the insurance mandate process, kept the two-year PERS pilot intact, and preserved the requirement for a report at the end of the pilot while removing language that would have required PERS to submit a bill to expand coverage to the commercial market. Members discussed the bill’s cost-benefit analysis requirements. Frickie said the current law triggers a cost-benefit analysis at the start of the pilot and again when a bill is introduced to roll coverage out commercially, but the Senate draft would change that to only one analysis at the end of the pilot if a rollout bill is introduced. Legislative Council indicated that if the committee wants that simplified approach, additional conforming changes are needed elsewhere in the code. Senators also asked about the purpose of the initial analysis and whether it is used beyond being attached to the bill packet; Frickie said PERS relies primarily on its own actuary and was not aware of broader use. The committee discussed whether the revised process would still require legislative sponsorship for any future rollout, and Frickie confirmed that a legislator or other sponsor would need to introduce such a bill. Examples mentioned included insulin caps and breast exams as possible future pilot items. The committee agreed to request Legislative Council draft the needed language changes and planned to reconvene after receiving the updated draft; no final vote was taken and the meeting was adjourned.
NM

New Mexico 2026 Regular Session

Senate - Finance Feb 10th, 2026 at 09:10 am

Senate Finance

Transcript Highlights:
  • We just called it fiscal controls because it did capture fiscal control.
  • So you have the copay mechanism that can get triggered.
  • And so there are triggers.
  • And then we start triggering, okay, how much can you afford?
  • So we have those fiscal controls built in. And I do, Mr.
Bills: SB241, SB145