Video & Transcript Research : 'Boot Capital'
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NM
New Mexico 2025 Regular Session
Senate - Tax, Business and Transportation Feb 4th, 2025
Senate Tax, Business & Transportation
Transcript Highlights:
- There are billions of dollars in capital outlay that are sitting there ready to go to work.
- This reads like a straight-up capital outlay bill.
- So, why isn't it in our state capital outlay framework, or why isn't it one of our capital outlay requests
- That is an ask for a capital outlay appropriation bill.
- That essentially was my question regarding capital outlay requests.
FL
Transcript Highlights:
- We are historically and traditionally a capital partner in passenger rail service.
- And then we step back to our traditional role and become a capital partner in new expansion.
- And there's actually a lot of planned capital expansion projects for commuter rail service.
- Many of them are needed, and we're ready as a capital partner to step back into our traditional role
- and really help fund and get those new capital expansions underway.
Summary:
The Senate Transportation Committee met, took roll, and heard introductory remarks from members about their districts and transportation priorities, with several senators noting congestion and mobility challenges in their regions. The committee then received a presentation from the Florida Transportation Commission on its oversight role for FDOT, including annual and quarterly performance reviews, review of the five-year work program, and monitoring of tolling and transit authorities. Members asked whether the commission gets involved in project prioritization; the answer was no, because it is statutorily limited to high-level oversight rather than day-to-day project decisions.
The committee next heard two reports related to transportation disadvantaged and paratransit services. FDOT’s Melissa Smith described the statewide Transportation Disadvantaged program, its governance structure, service models, and challenges such as fragmented administration, cost, inconsistent reporting, and rural service limitations. She outlined recommendations including better use of technology, regional partnerships, improved training, and alternative delivery models like microtransit and TNC partnerships. A University of South Florida researcher, Martin Katala, discussed best practices for paratransit and demand-response service, emphasizing route optimization software, dynamic dispatching, service standards, vendor accountability, and the use of TNCs and mobility management to improve efficiency and reduce travel times. A later presentation from UF’s I-Street program focused on emerging technologies for transit, including in-cabin monitoring, automatic restraints, accessible booking and tracking tools, and the need for statewide safety standards and better driver interfaces.
Finally, FDOT Secretary Jared Perdue and District 5 Secretary John Tyler provided an update on the transition of SunRail local entities. They explained the differences among commuter rail, intercity rail, and light rail, and said SunRail’s financial transition to local partners was completed on January 1, with operational transition to follow over up to three years. They contrasted that with Tri-Rail, where FDOT still funds operations and discussions about a future transition are ongoing. Members asked about the differences between SunRail, Tri-Rail, Amtrak, and Brightline, and the presenters explained that commuter rail serves regional daily commuters while intercity rail connects regions. The committee concluded without taking any formal votes or other legislative action.
AL
Transcript Highlights:
- Because it's not a capital case.
- in the code with regards to capital in the code with regards to capital punishment. punishment.
- murders are charged as capital murder. murders are charged as capital murder.
- it as rape or as murder or capital it as rape or as murder or capital murder.<01:04:00.240>
Then - Thank you so much. it being a capital offense, how long if it being a capital offense, how long if the
AR
FL
Transcript Highlights:
- It allows districts to use the 1.5-mill discretionary capital levy for both operational and capital needs
- It allows districts to use the 1.5-mill discretionary capital levy for both operational and capital needs
Summary:
The Senate convened with an opening prayer, the Pledge of Allegiance, and recognitions for the Doctor of the Day, Dr. Thomas Clem of Lakeland, and a large YMCA delegation visiting for the organization’s 175th anniversary. Senators highlighted the YMCA’s youth leadership programs and community service, and the chamber entered a proclamation recognizing the YMCA’s long service and its work in community support, youth development, and public health efforts.
The chamber then took up several bills on the special order calendar. Senate Bill 100 adopted the 2026 Florida Statutes and the 2025 regular session’s statute materials; Senate Bill 102 removed repealed provisions from the statutes; and Senate Bill 104, the general reviser’s bill, deleted obsolete language, updated cross-references, and corrected drafting errors. Each of those bills was advanced to third reading and passed unanimously, 36-0. Senators also passed Senate Bill 7010, which authorizes Roth post-tax contributions in state and local deferred compensation plans, also by a 36-0 vote.
Senate Bill 320, relating to administrative efficiency in public schools, drew the most substantive policy discussion. Its sponsor said the bill would reduce district-level mandates, expand teacher apprenticeship pathways, create longer-term teacher contracts and certificates, streamline salary supplements and assessments, increase flexibility in district finances and Title I use, adjust facility planning requirements, and shift oversight of district-run VPK programs. The sponsor emphasized reducing bureaucracy while preserving accountability and focusing resources on students; the bill passed 36-0. The Senate also withdrew Senate Bill 1720 from further consideration, waived rules to immediately certify all bills passed that day to the House, and adjourned until the next scheduled meeting.
FL
Florida 2026 Regular Session
FL House Floor Session - 2026-01-22 (9:00AM Session)
Florida House Floor Meeting
Transcript Highlights:
- It allows districts to use the 1.5-mill discretionary capital levy for both operational and capital needs
- It allows districts to use the 1.5-mill discretionary capital levy for both operational and capital needs
Summary:
The Senate opened with a prayer, the Pledge of Allegiance, and introductions recognizing Dr. Thomas Clem as Doctor of the Day and a YMCA delegation, including Youth and Government students, in the gallery. Senators also noted the YMCA’s 175th anniversary and its community service, and later offered birthday wishes to the President.
The chamber then took up several special-order bills. SB 100 adopted the 2026 Florida Statutes and the 2025 session’s enacted statute materials; SB 102 removed provisions that had been repealed or expired; and SB 104 served as the general reviser’s bill, deleting obsolete language, updating cross-references, and correcting drafting errors. All three passed 36-0. The Senate also passed SB 320 on administrative efficiency in public schools, which reduces district-level requirements, expands teacher apprenticeship and certification flexibility, streamlines assessments and budgeting, and adjusts VPK and facility-planning rules; Senator Simon said the goal was to reduce burdens while maintaining accountability.
The Senate further passed SB 7010, allowing state and local deferred compensation plans to offer Roth post-tax contributions in addition to pre-tax options. Senator Mayfield explained the bill would give DFS and local governments authority to add that option. The chamber also withdrew SB 1720, relating to public school personnel compensation, from further consideration. At the end of the session, the Senate waived rules so all bills passed that day could be immediately certified to the House, and then adjourned until the next scheduled meeting.
NM
New Mexico 2025 Regular Session
House - Appropriations and Finance Mar 21st, 2025
House Appropriations & Finance
Transcript Highlights:
- debate in the entire country, in the 1980s, MTV declared the beautiful Espanola Valley the lowrider capital
- And when they see a license plate that reads the low rider Capital of the World, their heads will be
- means a lot to the state and I think we should have the license plate um of the low the low rider capital
- My name is Scott Lopez, and I am the founder of Vida Mejor Capital, a 501c3 nonprofit located at O Owingue
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 7 on Accountability and Oversight Jun 24th, 2026
Transcript Highlights:
- rainy day fund, as it was already mentioned, from 10% to 20% of the general fund and modernizing the capital
- Well, it's 1.5 percent of the General Fund plus capital gains in excess of 8 percent of total General
- Fund... ...capital gains in excess of 8 percent of total General Fund taxes.
- three of our handout that goes through the current calculation, and I don't recall what the excess capital
- Constitution is a deposit first of 1.5% of General Fund revenues, and then, in addition to that, capital
Summary:
The Assembly Budget Subcommittee on Accountability and Oversight heard ACA 20, the Safe for California Futures Act, a constitutional amendment to strengthen the state’s Budget Stabilization Account (rainy day fund). The authors, Assembly Members Gabriel and Valencia, said the measure would raise the reserve cap from 10% to 20% of General Fund revenues, change how reserve deposits are treated under the Gann limit so deposits would not count against the spending cap until withdrawn, and update eligible debt repayments to include items such as budget loans, Proposition 98 settle-up obligations, and unemployment insurance debt. They emphasized that the proposal was intended to protect schools and core public services and to help California better withstand revenue volatility and future downturns.
Committee discussion focused heavily on the technical effects of the measure, especially its interaction with Proposition 98 and the Gann limit. LAO and Department of Finance staff explained that Prop. 98 funding would not be changed directly, that the reserve deposits would be treated as exclusions from the appropriations limit, and that withdrawals would count when spent. Members asked about current reserve levels, mandatory deposits, and whether the measure would create more room for discretionary spending; supporters argued it would simply allow the state to save more in good years, while one member expressed concern that it could function as a slush fund and expand spending opportunities. Several members cited recent budget volatility, record revenues, and the need for stronger reserves, while others stressed that the measure should be understood as a future-oriented savings reform rather than a response to this year’s budget choices.
Public testimony was uniformly supportive. California Forward, Elevate California, and the California Chamber of Commerce all backed the proposal, with the Chamber noting support for the policy and highlighting the importance of addressing unemployment insurance debt for small businesses. The chair concluded by thanking the authors, staff, and witnesses, and said ACA 20 was expected to move to the Assembly floor the next day.
MA
Massachusetts 2025-2026 Regular Session
Formal House Session 33 Jun 21st, 2026 at 11:00 am
Massachusetts House Floor Meeting
Transcript Highlights:
- their current establishments or by selling to their employees... ...our businesses to realize their capital
- years ago, one of the things that I came up here and I talked about was that we do have to let capitalism
- kind of come in and help these folks ...was that we do have to let capitalism kind of come in and help
- the caps and doing the things that we're doing and the investments that we have, we're letting capitalism
- come in without hurting the equity piece of the money. ...capitalism come in without hurting the equity
Summary:
The House first recognized several student athletes and teams, including East Bridgewater cheerleaders, Medway athletes and teams, and the Housatonic Valley basketball team, and adopted a resolution congratulating the William Diamond Jr. Fife and Drum Corps on its 25th anniversary. Members also suspended Joint Rule 12 to advance a petition concerning an extension of a lease authorization for conservation land.
The chamber then took up Senate 2581, as amended, a major education and youth technology bill. The bill was rewritten to promote safe technology use and distraction-free education, including restrictions on personal electronic devices in public schools and limits on social media access for children. Members debated whether the policy should be bell-to-bell or allow more local flexibility, and several amendments were offered. An amendment from Attleboro to preserve district-specific policies was rejected, while a consolidated amendment tightening social media restrictions and related protections was adopted.
The House also considered and passed several other bills, including measures amending the Sandwich charter, authorizing Springfield to help certain residents with local tax obligations, authorizing charity alcohol auctions, and directing the Boston Police Department to waive the maximum age requirement for a specific police applicant. In addition, the House rejected concurrence on a Senate version of a higher education infrastructure bill and instead appointed a committee of conference. Later, the House accepted a conference report on modernizing cannabis laws after debate focused on regulatory streamlining, equity, ownership caps, and hemp regulation. The report was adopted by roll call, and the House then passed the amended education bill to be engrossed before adjourning to the next day.
OK
Oklahoma 2026 Regular Session
Senate Legislative Session Mar 5th, 2026 at 09:30 am
Oklahoma Senate Floor Meeting
Transcript Highlights:
- This is all about capitalism.
- So again, let us look at the fact that they can take their capital anywhere.
- Members, this is not capitalism.
- This isn't capitalism.
- This is not capital that you are allowed to invest.
Bills:
SB2102, SB1940, SB1625, SB1442, SB1623, SB1242, SB1949, SB1592, SB1913, SB592, SB992, SB1241, SB259, SB1928, SB1426, SB1531, SB1561, SB1122
Keywords:
credit card fees, merchant discounts, payment card network, interchange fees, transparency in fees, Oklahoma law, payment card, rebate, merchant, tax compliance, health insurance, mandate, impact analysis, insurance department, public health, access to healthcare, SB1442, alcoholic beverage control, ABLE Commission, liquor license fees
WY
Wyoming 2026 Regular Session
Joint Conference Committee - HB0111, March 4, 2026
Transcript Highlights:
- Um the LCCC project is a capital construction project for their exterior renewal, which was added in
- Um the LCCC project is a capital construction project for their exterior renewal, which was added in
- <00:04:26.160>
project <00:04:27.480>is <00:04:27.720>a <00:04:27.800>capital - Um the the LCCC project is a capital Um the the LCCC project is a capital construction<00:04:28.680
- what it actually does is probably creates for the other seven colleges more money that's there for capital
Summary:
The committee reconvened on House Bill 11, the capital construction bill, with a quorum present and focused on several remaining amendments. Members discussed projects including a building completion in Jackson, the NC Center at Gillette College, and a University of Wyoming parking lot green space item that had already been resolved. A major point of discussion was the Gillette College proposal, which was tied to a requirement that the college move to a four-mill levy and provide a one-to-one local match; supporters argued this would bring Gillette into the state system on equal footing and was a fair incentive, while opponents raised concerns about the mechanism and the impact on their own institutions. There was also clarification that major maintenance funding for state buildings remained in the bill, while the LCCC exterior renewal project and a separate inflation-related request were distinct items.
The committee first considered a motion to cut the NZ stem research facility funding from $16 million to $8 million, but that motion failed. After a brief recess, members reached a compromise on the two contested projects: a motion passed to set the Gillette NC Center at $6 million and the Jackson project at $750,000, by a vote of 5-1. The committee then unanimously reinstated the stricken University of Wyoming language in section 3. The meeting concluded with expressions of appreciation for the compromise and the bill was adjourned.
CO
Colorado 2026 Regular Session
Colorado House 2026 Legislative Day 014 Jan 28th, 2026
Colorado House Floor Meeting
Transcript Highlights:
- the codal behavioral healthcare day at the codal behavioral healthcare day at the<00:30:09.440>
capital - 10.080>
give <00:30:10.240>them <00:30:10.399>a <00:30:10.559>warm the capital - Please give them a warm the capital. Please give them a warm welcome.
- them<00:30:33.120>
welcome <00:30:33.360>at <00:30:33.520>the <00:30:33.760>capital - them welcome at the capital. Thank you. them welcome at the capital. Thank you.
Summary:
The House convened with 55 members present and 10 excused, established a quorum, and approved the journal of Monday, January 26, 2026, as corrected. The chamber then took up Senate Joint Resolution 5, designating Colorado 4-H Day. Representatives Johnson and McCormick spoke in support, noting the visit from 4-H members and reciting the 4-H pledge. The resolution was adopted by a vote of 59-0, with six excused.
The remainder of the meeting consisted largely of announcements and recognitions. Members highlighted upcoming legislative receptions for the Colorado Airport Operators Association and livestock groups, committee meetings including SMART Act hearings, Judiciary Committee items, Transportation/Housing/Local Government business, and a House Finance Committee meeting. Several members also recognized visiting groups and constituents, including behavioral health providers, Aurora Mental Health and Recovery, Heritage Heights Academy students, and House District 6 community leaders.
A significant portion of the floor time was devoted to a personal privilege statement by Minority Leader Caldwell, who responded to concerns about immigration enforcement, emphasized the rule of law and due process, and criticized rhetoric he said endangered law enforcement and others. The House then moved into recess later in the day.
CA
California 2025-2026 Regular Session
Assembly Revenue and Taxation Committee Jul 7th, 2025
Transcript Highlights:
- Chair, members of the committee, Mark Aprea with Capital Advocacy on behalf of PricewaterhouseCoopers
- Small and medium-sized manufacturers face a disproportionate share of economic burdens, increased capital
- Importantly, much of the new capital equipment purchase will be more energy efficient.
- Much of the new capital equipment purchase will be more energy efficient, helping California meet its
- We now couple that with some resources to be able to have capital to address those high operating costs
Summary:
The Assembly Committee on Revenue and Taxation heard a series of tax-related bills, with several measures referred to suspense and a few advancing. SB 284 would clarify Proposition 19 rules for inherited family homes in probate, including when the one-year residency clock starts and whether title consolidation among siblings triggers reassessment; supporters included the California Association of Realtors, while county assessors opposed the sibling-transfer language as creating ambiguity. The bill was sent to suspense. SB 863 was taken up on the consent calendar and passed 6-0 to the Assembly floor.
SB 333 would let San Luis Obispo County voters consider raising a local tax rate limit to fund transportation projects; supporters said it would help the county become self-help for major road needs, while opponents argued it would make it easier to raise regressive sales taxes. The committee approved the bill 5-2, as amended with a five-year sunset. SB 376, which clarifies that charitable remainder trusts are not treated as incomplete gift non-grantor trusts for California income tax purposes, drew support from the California Lawyers Association and no opposition, and passed 5-2 to Appropriations as amended.
The committee also heard SB 591, which would replace steep penalties for failing to use electronic funds transfer with fixed penalties of $100 for a first violation and $500 thereafter; supporters said current penalties can be excessive and out of proportion, and the bill was sent to suspense. SB 419 would partially exempt hydrogen fuel from the state sales and use tax while leaving the existing road fee in place; supporters said it would help hydrogen adoption and parity with other clean fuels, while one environmental group opposed unless amended, and the bill went to suspense. SB 587 proposed a state tax credit for local sales tax paid on manufacturing equipment to encourage investment and jobs; it had broad business support and no opposition, but was also sent to suspense. SB 710 would extend and update the property tax exclusion for solar installations, with broad support from clean energy and local government groups and some opposition from large energy consumers; it too was referred to suspense. Finally, SB 663 would extend deadlines and exemptions for wildfire victims and certain nonprofit and disabled veteran properties; it received support from assessors and committee members but was also sent to suspense for further work.
NM
New Mexico 2025 Regular Session
House - Appropriations and Finance Mar 20th, 2025
House Appropriations & Finance
Transcript Highlights:
- One thing that they've been working on for a long time is the public school capital outlay amendments
- Time is the public school capital outlay amendments.
- Infrastructure from the Public School Capital Outlay Council and the Public Schools Facilities Authority
- And I think I might have missed some of these questions. but I'm wondering the Public School Capital
- For many years I served on the Public School Capital Outlay Task Force as a what we call it the impact
TX
Transcript Highlights:
- that are here today, our friends from Montgomery County who have traveled to their state capitol. capital
- recognize one of the great engines of the great engine of Texas that makes us That's the job mecca capital
- Thank you for equipping our community with the resources to succeed and welcome to your state capital
- It's take capital in 2025. Thank you. Mr. President. Is there objection to the adoption?
- Today as we honor his life and contributions here in our state capital, we recognize that his legacy
Bills:
SJR3, SB5, SJR36, SJR3, SB616, SB565, SB384, SB5, SB21, SB72, SB140, SB262, SB370, SB372, SB495, SB627, SB703, SB764, SB842, SB971, SB790, SB767, SB480, SB1066
Keywords:
dementia, Alzheimer's disease, Parkinson's disease, research funding, state budget, prevention, healthcare, medical research, Dementia Prevention and Research Institute, research institute, funding, grants, state health initiatives, aquifer, water management, Edwards Aquifer, sustainability, regulatory framework, SB 565, Texas Water Code
FL
Florida 2026 Regular Session
Military and Veterans Affairs, Space, and Domestic Security Feb 11th, 2025
Military and Veterans Affairs, Space, and Domestic Security
Transcript Highlights:
- on the more mature side where there's collateral involved and companies can leverage that kind of capital
- or in the market to access that kind of capital, and to the other side where there's capital accelerators
- And it's about, you know, we hover right about on $6 billion of potential private capital that's associated
- You can see just the hefty amount of private capital that's come in, the number of projects that we went
- For those of us who live and work here, Florida is the nation's space capital.
Summary:
The committee met to hear presentations on Florida’s space economy and related infrastructure. SpaceX Vice President Kiko Donchev described the company’s Florida operations, launch cadence, reusable rocket program, Starlink service, and plans for future Starship activity at the Cape. Senators asked about Florida employment, expansion plans, satellite lifetimes, disaster-relief uses of Starlink, and recreational connectivity; members also praised SpaceX’s hurricane response and broader public benefits. Donchev said SpaceX’s Florida workforce has grown to about 1,600 and that the company hopes to add Starship pads and continue expanding in the state.
The committee then recognized Commander Dennis Baker for his military service and veteran advocacy, including his leadership of the Florida Veterans Foundation, grant work, the Walk of Honor, and the Gadsden Flag license plate program. Members highlighted that revenue from the plate helps fund veterans’ dental care and noted upcoming dental services for veterans in Volusia County. Baker received a flag flown over the Capitol and a framed gubernatorial proclamation.
Newview CEO Clint Grumman presented the company’s commercial satellite LiDAR mapping system, describing its Lake Nona headquarters, Florida ownership, planned jobs, and applications for infrastructure planning, environmental monitoring, and disaster response. He said the company’s satellite data could improve accuracy and lower costs, and noted partnerships including a Department of Defense contract and a European Space Agency moon-mapping effort. Space Florida then outlined its role as the state’s aerospace finance and business development authority, emphasizing its pipeline of projects, spaceport improvement program, workforce academy, and efforts to address infrastructure constraints and seek tax-exempt bond authority for spaceports. NASA’s Kelvin Manning closed with an update on Kennedy Space Center, highlighting Artemis progress, rising launch demand, commercial partnerships, economic impact, and the Florida University Space Research Consortium. No bills were voted on, and the meeting adjourned after comments from members.
TX
Transcript Highlights:
- Raise your hand in the capital. All right, well, we have...
- Middleton, recognizing February 25th, 2025 as Brazoria County Day at the stay capital.
- And West Columbia, many of you may not know, but it's the, was the first location, the first capital
- Capital. There they are. Thank you so much. Thank you, Mr. President and members.
- We have Evelyn McGowan, and these young students come here to visit the Capital to see how we work. and
Bills:
SB 26, SJR 36, SB 26, SB 616, SB 565, SB 384, SB 28, SR 109, SR 122, SR 126, SR 130, SR 136, SR 137, SR 141, SR 142, SCR 20
Keywords:
teacher compensation, education funding, public school educators, teacher retention, teacher designation, aquifer, water management, Edwards Aquifer, sustainability, regulatory framework, SB 565, Texas Water Code, TCEQ, Texas Commission on Environmental Quality, compliance agreement, enforcement suspension, utility consolidation, regionalization, water supply, sewer
Summary:
The meeting was marked by significant resolutions recognizing various contributions to Texas and celebrating community initiatives. Key discussions included the adoption of resolutions commemorating Texas Hispanic Judges Day and highlighting the 100th anniversary of Memorial Park. Senators expressed appreciation for the judges' dedication and legacy, with notable mentions of individual judges and their impact on the community and legal landscape in Texas. The Senate also honored students and organizations contributing positively to their communities, showcasing the interconnectedness of public service and the legislative process.
TX
Transcript Highlights:
- How many of you know what the capital of the Republic of Texas was? Anybody? OK.
- Well, it was Harrisburg, and it was made the capital in 1835, and this is again home to the East End
- Welcome to your Texas capital. We're proud of you.
- Welcome to your Texas capital. We're proud of you.
- Y'all stand up and be welcome to your capital.
Summary:
The Texas Senate convened with a quorum, heard the governor’s emergency message outlining priority issues for the session, including property tax relief, water supply and infrastructure funding, universal education savings accounts, teacher pay, career and technical education, creation of a Texas Cyber Command, and bail reform. The governor also submitted a State of the State message and several appointment nominations for Senate confirmation. The chamber then took up a series of ceremonial resolutions and recognitions for McAllen Day, UTSA and UT Health San Antonio Day, Wise County Day, and Houston East End Chamber of Commerce East End Day, along with visits from the Houston Realty Business Coalition, Cedar Creek Chamber of Commerce, Webb County/Laredo delegates, UT Dallas McDermott Scholars, Andrews County officials, and occupational therapy professionals and students.
Several senators spoke in support of the recognitions, highlighting local economic development, higher education, public health, and regional history. McAllen was praised for its growth, business climate, and cultural significance; Laredo and Webb County were recognized for trade, the Washington’s Birthday Celebration, and cross-border ties; UTSA and UT Health were commended for research, cybersecurity, and health science work; and UT Dallas scholars were recognized for academic achievement and public service. Wise County, the East End of Houston, and Andrews County were also described in terms of their economic contributions and community heritage.
The Senate adopted Senate Resolution 27 for McAllen Day and Senate Resolution 32 for UTSA and UT Health San Antonio Day without objection. It also adopted Senate Concurrent Resolution 11, which granted permission for either house to adjourn for more than three days between February 5 and February 11, by a recorded vote of 30 ayes and 0 nays. Additional resolutions listed on the calendar were adopted without objection, and the Senate recessed until noon on Wednesday, February 5.
NH
New Hampshire 2026 Regular Session
House Science, Technology and Energy (02/09/2026)
Science, Technology and Energy
Transcript Highlights:
- work with separate generation, with a utility supplier, or with a utility supplier who must make capital
- So with that, I'll try to take any questions. must make capital investments to must make capital investments
- and they have enough to supply them, they're creating their own generation, or they're in need of capital
- and they have enough to supply them, they're creating their own generation, or they're in need of capital
- Their own generation, um, or they're in need of capital investments from the utility.
HI
Hawaii 2025 Regular Session
FIN Info Briefing - Mon Jan 13, 2025 @ 9:00 AM HST
Hawaii House Floor Meeting
Transcript Highlights:
- Then I'd like to cover the amount of the capital budget requests that's included for the University.
- Governor supported a sizable portion of the Board of Regents budget requests for capital projects, to
- We're the Pacific theater for them in their protection, so we want to capitalize on that.
- own Capital own Capital fundraising<05:39:03.400>
for <05:39:03.718>the <05:39:04.120 - They have to have their own capital funds to build facilities or take care of their facilities.
Summary:
The House Finance Committee held an informational briefing with the University of Hawaiʻi, led by new President Wendy Hensel and Vice President for Budget and Finance Calbert Young. Hensel outlined the university system’s scope, student demographics, research activity, and campus missions, emphasizing four strategic priorities: serving Native Hawaiians and Hawaiʻi, student success, workforce development, and economic diversification through innovation and research. She highlighted the system’s enrollment, research funding, and the roles of Mānoa, Hilo, West Oʻahu, the community colleges, and specialized institutions such as JABSOM and the Cancer Center.
Young then reviewed the budget request, focusing largely on making prior one-time appropriations permanent and supporting recurring needs. Items included funding for Mānoa athletics, the Hawaiʻi Institute for Marine Biology, K-12 teacher education, Pamantasan Council support, Hilo programs, Windward’s mental health technician certificate, Maui’s practical nursing bridge program, and student support positions such as financial aid and admissions counselors. He also described workforce-related requests tied to nursing expansion at Mānoa and West Oʻahu, as well as facilities support at West Oʻahu.
A major portion of the testimony addressed the university’s two Kakaʻako medical facilities. Young explained that declining tobacco settlement and cigarette tax revenues are no longer sufficient to cover debt service for JABSOM and the Cancer Center, so the governor’s budget includes general fund support to supplement those obligations. He also described a regents-approved request not included in the governor’s proposal: expanding the Hawaiʻi Promise financial aid program to the four-year campuses, estimated at about $11–12 million. No votes or formal committee actions were taken during the briefing.