Video & Transcript Research : 'financing'
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HI
Transcript Highlights:
- We are convening the House Committee on Finance.
- We are reconvening the House Committee on Finance.
- We have the Department of Budget and Finance in support.
- Wednesday, February 25th Finance Committee agenda.
- that the means of financing that's that the means of financing that's included<02:04:28.960>
in
Bills:
HB1183, HB1656, HB1658, HB1661, HB1663, HB1664, HB1859, HB2116, HB2271, HB2276, HB2335, HB2360, HB2387, HB2472, HB1805, HB2469, HB1815, HB1860, HB2117, HB2118, HB2437, HB2438, HB2604, HB1590, HB2156, HB2268
Keywords:
retirement, pension, law enforcement, public safety, Hawaii Revised Statutes, indebtedness, salary recovery, employee compensation, deductions, financial management, collective bargaining, employee relations, impasse procedures, arbitration, public employment, HB1661, cafeteria plan, Section 125, Internal Revenue Code, flexible spending account
NH
Transcript Highlights:
- I'm going to, when this gets to finance committee, um, I'm going to talk to the finance committee because
- Okay. >> So I'm going to take that up with finance, but if we can pass this as a policy, I'll address
- it with the finance committee.
- committee because I believe the finance committee because I believe that<01:28:21.760>
the <01 - policy I'll address it with the finance policy I'll address it with the finance committee.<01:28
KY
Kentucky 2025 Regular Session
Interim Joint Committee on State Government (11-13-25) - Reupload
Transcript Highlights:
- But speaking of on compelled to finance.
- <00:26:18.320>
That <00:26:18.640>is example, your campaign finance. - That is example, your campaign finance.
- <00:26:28.559>
We people to finance our campaigns. We people to finance our campaigns. - Likewise, when it finance our campaigns.
Keywords:
Discussion of BR 25 (2026 RS) 04:15
Presentation on voting systems by ES&S 48:14
Presentation on voting systems by Hart InterCivic and Harp Enterprises 01:13:07, 958, all
Summary:
The committee met to approve the October 21 minutes and then took up BR 25 for the 2026 regular session, a proposal relating to prohibited uses of tax dollars and public resources. The sponsors said the bill is intended to strengthen existing law by adding civil and criminal penalties for taxpayer-funded advocacy on ballot questions, especially in light of controversies during the 2024 election over school officials and districts using public resources to oppose a constitutional amendment. They also described related concerns about school districts hiring third-party lobbyists and public relations firms, particularly in Fayette County, and said the proposal was meant to keep tax dollars focused on public services rather than political persuasion.
Committee members raised several concerns about scope and drafting. Some asked whether the bill should specifically mention schools, school boards, and school employees, and the sponsors said they would add that language. Others questioned whether the measure would also affect local government lobbying through groups like KLC and KCO, and the sponsors said they intended to focus narrowly on schools while exempting certain advocacy organizations and internal government lobbyists. Members also asked whether public employees could still speak as private individuals, and the sponsors said yes. Several members suggested splitting the lobbying and ballot-advocacy issues into separate bills, and the sponsors said they would consider that.
Members also pressed for clarification on how the bill would apply in practice, including whether it would cover legal challenges to petition drives or only advocacy after a question is on the ballot. Counsel for the sponsors said the bill would not cover some petition-related litigation as drafted, though they believed it should. The sponsors and supporters argued the proposal was needed to give the existing prohibition real enforcement, while some members warned that the language could unintentionally limit legitimate public representation or be too broad if not carefully drafted. No final vote was taken during the discussion.
NH
New Hampshire 2025 Regular Session
Commission to Study Costs of Special Education (09/30/2025)
Transcript Highlights:
- or five years in Winthrop, Maine, and then went on to get my master's in school administration and finance
- 10:21.839>
and master's in school administration and master's in school administration and finance - and that also from University of finance and that also from University of Maine.<00:10:25.600>
I'm - >> Sure. >> So, we do have an office of finance, and it's led by our administrator, um, Zack Jax. >>
- But as I said, he is new. >> We go through the office of finance through DERR because, um, I'm sorry,
Summary:
The commission held an organizational meeting under SB 57 to study the cost of special education, with the meeting streamed publicly at the chair’s request. Members introduced themselves, and the chair explained that the bill creates two separate pieces, one dealing with SAU structure and the other with a commission on special education costing. He outlined his background in education and special education and said the commission’s work would focus on understanding and controlling special education costs.
The commission reviewed its membership requirements and noted several vacancies or unfilled appointments, including the special education advocate, two governor-appointed parent advocates, and a Department of Health and Human Services representative. The members then elected Representative Rick Ladd as chair, Representative Dick Ames as vice chair, and Representative Megan Murray as clerk. Representative Ames briefly described his legal and policy background in disability and special education work in Massachusetts and New Hampshire.
The chair then walked through the commission’s study topics, including referral rates by IDEA category, reasons for increases in categories such as autism and other health impairment, post-COVID referral trends, pre-referral interventions, Medicaid and 504-related costs, out-of-district placements, dispute resolution, billing practices, privacy, reimbursement, legal services, graduation rates, attendance, and adult learning. Members discussed how special education costs are distributed, noting that the state spends about $977 million annually on special education, with only part covered by state aid and the remainder largely borne by local districts. Testimony also noted that out-of-district placement costs have risen sharply since rate-setting changes around 2018, and that some categories may reflect changes in identification practices, medical factors, or broader population shifts. The commission agreed to continue reviewing the data and formulas in future meetings.
MN
Transcript Highlights:
- donate to affordable housing, including new construction, rehabilitation of an existing building, and financing
- , just to make sure we're clear<00:08:32.240>
on <00:08:32.880>the <00:08:33.599>finance - <00:08:34.719>
So, <00:08:34.880>the clear on the finance side of it. - So, the clear on the finance side of it.
- And this service reserve then allows us to have that adequate service budget to even get full financing
MN
Transcript Highlights:
- part of the state charges to finance part of the state share<00:48:52.079>
of <00:48:52.240>- So I just, this is a discussion we must have in this finance committee, but we need to make sure that
- So I just, this is a discussion we must have in this finance committee, but we need to make sure that
- So I just, this is a discussion we must have in this finance committee, but we need to make sure that
- So I just, this is a discussion we must have in this finance committee, but we need to make sure that
MN
Minnesota 2025-2026 Regular Session
Committee on Housing and Homelessness Prevention - 03/06/25
Housing and Homelessness Prevention
Transcript Highlights:
- The criteria changes were made in consultation with the Minnesota Housing Finance Agency.
- Paul, when they enacted rent control, projects needed financing, and because demand is increasing, the
- The only way to build more is to get financing for these projects.
- for these and what happened financing for these and what happened when<01:15:35.719>
rent <01: - were not able to get the financing were not able to get the financing because<01:15:43.239>
the
CO
Colorado 2026 Regular Session
Colorado House 2026 Legislative Day 050 Mar 5th, 2026
Colorado House Floor Meeting
Transcript Highlights:
- , if you have to get a filter, that would affect your finances.
- If you have to get bottled water, those are finances. But this is part and parcel.
- , if you have to get a filter, that would affect your finances.
- If you have to get bottled water, those are finances. But this is part and parcel.
- , if you have to get a filter, that would affect your finances.
WY
Transcript Highlights:
- But our focus today really more than anything else, uh, is the K-12 public school finance bill, uh, which
- the K12 public anything else uh is the K12 public school<00:01:09.200>
uh <00:01:09.360>finance - bill uh which we are school uh finance bill uh which we are statutoily<00:01:12.400>
uh <00:01 - Uh, this was sponsored by the select committee on school finance recalibration.
- Uh, this was public school finance bill.
NH
Transcript Highlights:
- All right, we'll call the Senate Finance All right, we'll call the Senate Finance Committee<00:10
- Good afternoon, members of Senate Finance.
- They attempted to make their finances.
- Um I joined school director of finance.
- <02:00:56.080>
Committee, members of the Senate Finance Committee, members of the Senate Finance
HI
Transcript Highlights:
- And so I think what we're saying is when the director of finance and everything should notify all of
- official form, the director finance official form, the director finance shall<01:53:57.840>
immediately - <01:54:22.960>
shall the director of finance shall the director of finance shall immediately - <01:54:58.320>
m saying is when the director of finance m saying is when the director of finance - <01:55:45.679>
shall uh each county director of finance shall uh each county director of finance
Keywords:
sustainable aviation fuel, tax credit, greenhouse gas emissions, renewable energy, Hawaii, economic development, carbon footprint, aviation sector, renewable fuels, local production, energy resilience, agricultural innovation, job creation, clean fuel standard, alternative fuels, carbon intensity, emission reduction, greenhouse gases, transportation, autonomous vehicles
Summary:
The committee opened by explaining hearing procedures, including a two-minute oral testimony limit and that decision-making would follow after testimony. It then took up SB 20008, which would set 55 mph as the maximum speed limit on all parts of the DKI/Saddle Road highway. The bill’s introducer described it as a response to safety concerns and noted prior public opposition when the speed limit was lowered from 60 mph; the Hawaii Police Department was listed in opposition, while DOT and several individuals testified in support. No vote was taken during the portion provided.
The committee next heard SB 20009, requiring new plates/tags or emblems for used motor vehicles transferred between private individuals, and SB 2026, which would require drivers approaching stationary vehicles on the shoulder or roadside to slow down and, if necessary, change lanes. The Attorney General supported SB 2026 but recommended narrowing and clarifying the language by removing references to shoulder/roadside, collision or mechanical problem, and other limiting definitions so the duty would apply more broadly and be easier to enforce; AAA and OMA also supported the measure. Members discussed the practical need for a mandatory move-over rule, especially for roadside workers and tow operators, and the committee heard concerns about enforceability on two-lane roads and in accident scenes.
SB 2053 was then heard, authorizing electronic signatures on supporting documents used to transfer ownership of total-loss vehicles to insurers without notarization and requiring insurers to indemnify the finance director for claims arising from those electronic title issuances. The Hawaii Insurers Council, Copart, the City and County of Honolulu, and others supported the bill, with Copart describing it as a modernization that would reduce delays for total-loss settlements; technical amendments were requested. The committee also heard SB 2172, which would allow all-terrain vehicles to operate at night if equipped with lights and a slow-moving vehicle emblem, adjust helmet requirements, define utility terrain vehicles, and include ATVs in motor vehicle insurance law. DOT said it could support the bill only if limited to low-speed areas, and the insurance industry warned it could create a new insurance scheme; the City and County of Honolulu opposed while the Hawaii Farm Bureau and an individual supported. Finally, SB 2253 was introduced to expand first-degree negligent injury to include injuries negligently inflicted by intoxicated drivers, with DOT, county prosecutors, and the Honolulu Prosecutor’s Office in support; Honolulu prosecutors said they would oppose a proposed amendment because they wanted the language to preserve the offense as a lesser included offense tied to negligent homicide.
MN
Minnesota 2025-2026 Regular Session
House Higher Education Finance and Policy Committee 2/25/25
Higher Education Finance and Policy
Transcript Highlights:
- to the governor and to the chairs of the legislative committees responsible for higher education finance
- person without turning around finance person without turning around would<01:03:02.160>
be <01 - <01:10:02.920>
are committee we know that finances are committee we know that finances are - Those two partners, you and Ensa together, won't be enough to provide the stability the finances need
- need and if that if I'm the finances need and if that if I'm wrong<01:17:43.120>
I <01:17:43.199
NH
New Hampshire 2025 Regular Session
House Judiciary (02/03/2025)
Transcript Highlights:
- so I think we we're better off finance so I think we we're better off not<00:33:21.519>
having - When I was chair of Finance a long time ago, I wanted to close YDC.
- Is this still Finance 697? Uh, I don't think so. Hang on. No, it's not an early bill.
- It was clarified that bills on consent can go to Finance.
- up going to finance up going to finance um<02:13:55.520>
I'm <02:13:55.840>I'm <02:
Summary:
The House Judiciary Committee opened with a hearing on CACR 7, a proposed constitutional amendment to explicitly state that defendants are innocent until proven guilty in all cases and suits brought by the state. The prime sponsor argued the amendment would strengthen due process, prevent government overreach, and extend the presumption of innocence beyond criminal cases into civil and administrative matters such as forfeiture and family court proceedings. In testimony and questioning, the sponsor cited New Hampshire constitutional provisions, historical examples, and concerns about courts shifting burdens onto individuals. Committee members raised questions about the amendment’s wording, its relationship to existing law, and whether it would have practical effect if current statutes already place the burden on the state. The hearing was then closed without further witnesses.
The committee next moved to executive session on House Bill 480, which establishes a procedure for restoring competency and creates a pilot forensic liaison position in Merrimack or Strafford County to assist with that process. After discussion about prior concerns, including an email from the Disabilities Rights Center and whether enough members were present, the committee voted to adopt Amendment 2025-61H and then voted ought to pass as amended. The amendment passed unanimously, and the bill passed on a 10-1 roll call, with Representative Andrew voting no. The chair noted the bill would not go on consent and that no minority report was planned.
Finally, the committee opened a hearing on House Bill 666-FN, which would add restitution for violations of library-use confidentiality and expressly include library cards and membership status among confidential records. The sponsor said the bill was intended to strengthen privacy protections after a local dispute and to provide a remedy and deterrent for improper disclosure. Committee questions focused on whether the restitution penalty would apply to accidental disclosures, how the bill interacts with existing exceptions such as court orders or investigations, and whether the language was consistent with current confidentiality law. The hearing remained open at the end of the transcript.
TX
Transcript Highlights:
- Austin and a master's in education from SMU, where he studied classroom pedagogy and the school finance
- And this morning in Senate Finance—yeah, we had the same problem this morning.
- Separate the taxpayer financing from the government running of school.
- It’s not tied to school finance.
- I plan on talking to the Senate Finance back office about your request. And I appreciate that.
Summary:
The Senate Committee on Education K-16 convened with a quorum, adopted its committee rules, and heard opening remarks from members introducing staff and outlining priorities for the session. Members from both parties emphasized education as a major issue, while several Republicans framed the committee’s work around school choice and parent empowerment. Senator West and other Democrats stressed protecting public schools, listening to Texans, and considering the effects of vouchers or education savings accounts on school districts and communities.
Chairman Creighton laid out Senate Bill 2, the Texas Education Freedom Act, describing it as a universal education savings account program modeled on similar programs in other states. He said the bill would provide about $200 million for a universal eligibility pool and additional funding for students with disabilities and lower-income families, with priority weighting for former public school students. He also highlighted anti-fraud measures, vendor pre-approval, criminal background checks, cybersecurity protections, annual testing requirements for participating students, and the use of the Comptroller rather than TEA to administer the program. Creighton repeatedly said the bill is not a voucher and argued it would not take money from public schools, which he said would receive separate historic funding increases.
Members questioned Creighton about the 500% of federal poverty line definition, the adequacy of the $10,000 ESA amount, whether the program would favor students already in private school, how microschools and homeschool pods would fit, and whether the bill protects religious liberty and private-school autonomy. Democrats raised concerns about disability protections, 504 students, foster children, public-school funding, open records, and the historical context of vouchers. Republicans generally supported the bill as a way to expand options for parents and students, while also asking about administration, fraud prevention, and data security. After member questions, the committee began invited testimony, with EdChoice President Robert Inlow presenting in support of SB 2 and citing the growth and reported success of school choice programs nationwide.
WA
Washington 2025-2026 Regular Session
Joint Oregon-Washington Legislative Action Committee Jun 12th, 2026
Joint Oregon-Washington Legislative Action Committee
Transcript Highlights:
- between Portland and Vancouver, and then also implementing variable rate tolling for motorists to finance
- Department of Transportation Finance Office, and coordination with their municipal advisors.
- So we are reflecting these activities in an initial finance plan that is in for review with the federal
- We have to get the finance plan complete before we can get the record of decision.
- So we will have a finance plan that's due to the federal government every year, and we'll be looking
Summary:
The Joint Committee on Interstate 5 Bridge met remotely with Washington legislative members to receive updates on the Interstate Bridge Replacement Program, including environmental review, cost and funding, tolling, and procurement for construction. Program staff said the final supplemental environmental impact statement was published in April 2026, with a federal record of decision expected in early summer. They described the recommended design as a single-level fixed-span bridge, centered I-5 alignment, C Street ramps, one auxiliary lane in each direction, and dispersed park-and-ride parking. Members raised concerns about transparency, the closed chat function, and the decision not to include two auxiliary lanes; staff said the one-lane option was recommended through consultation with partner agencies and analysis, but the final decision would come with the record of decision. Staff also said the diversion analysis projected less than 3% traffic diversion to I-205 in 2045, though members from Oregon and Washington expressed concern about impacts to their communities and asked for more detail on mitigation and decision-making.
The committee also reviewed a major cost update. Staff said the full five-mile program is now estimated at $13.5 billion to $15.2 billion, with a likely cost of $14.4 billion, up from a 2022 estimate of $5 billion to $7.5 billion, citing inflation, schedule delays, scope changes, and more detailed risk modeling. They said the first funded phase has been reduced to a $5.68 billion package focused on the Columbia River bridge replacement, connections to I-5, Hayden Island and SR-14, bridge demolition, tolling infrastructure, and advancing light rail design. Funding for that phase was described as $5.69 billion, including $2.1 billion federal funds, $1 billion from each state, and $1.5 billion in projected toll revenue. Members asked what would happen if costs rise further; staff said the estimate includes substantial contingency, the project will use progressive design-build to manage risk, and the team will continue updating the finance plan annually.
A separate tolling and traffic-revenue presentation explained that four toll scenarios were analyzed using regional travel demand modeling, a toll diversion model, and a post-processing review. All scenarios assume pre-completion tolling beginning July 1, 2028, a 50% low-income discount for eligible users, and exemptions for tribal preemptions, emergency vehicles, maintenance vehicles, and organized militia. Staff said the low-income discount would affect about 4% to 6% of annual transactions and reduce annual revenues by roughly 2% to 3%. They said Scenario 2 was used for the financial analysis and is sufficient to support the $1.5 billion toll contribution in the funded phase. Members asked about toll collection costs, revenue impacts of the discount, and how the scenarios differed; staff said collection costs are expected to be in line with other WSDOT toll facilities, but exact costs are not yet set because toll rates are not final.
Finally, WSDOT staff outlined procurement and delivery steps for construction. They said WSDOT will be the lead contracting agency, using progressive design-build, with a request for qualifications targeted for early July 2026, a request for proposals in October, contractor selection in April 2027, construction starting in 2028, and tolling beginning in 2028. Staff said the approach is intended to consolidate scope, reduce interface risk, and allow transparent negotiation with an independent cost estimator, while preserving an off-ramp if a fair price cannot be reached. Members asked for more detail on timing, cost allocation, and the share of the first phase funded by tolls; staff estimated tolls account for about 26% of the first phase cost.
KY
Kentucky 2026 Regular Session
House Standing Committee on State Government (2-12-26)
State Government
Transcript Highlights:
- to contracts, no-bid contracts at the end, there would be an extra set of eyes in the form of the Finance
- to contracts, no-bid contracts at the end, there would be an extra set of eyes in the form of the Finance
- to contracts, no-bid contracts at the end, there would be an extra set of eyes in the form of the Finance
- Yeah, it's really more of an extra set of eyes in concert with the Finance Secretary, who is appointed
- it certainly has a ripple effect, and so we appreciate the opportunity we've had to work with the Finance
Keywords:
Consideration of HB 10 -- 00:03:22
Consideration of HB 456 -- 00:20:47
Consideration of HB 480 -- 00:31:24, 958, all
Summary:
The House State Government Committee met and first considered House Bill 10, sponsored by Rep. Hodgson, as amended by a committee substitute. The bill was described as a transition-period ethics and accountability measure for statewide executive offices. It would require preservation of certain records such as emails and texts related to appointments, permits, pardons, contracts, and settlements; create whistleblower immunity for people providing credible evidence of wrongdoing; add extra review for large settlements and certain no-bid contracts; and extend probation periods for some employees who move back into merit positions near an administration change. Members raised concerns about constitutional issues, the Attorney General’s role, the whistleblower immunity provision, and the impact on merit-system employees and subject-matter experts. The committee substitute was adopted, the bill passed the committee 16-0 with four members passing, and a title amendment was also adopted.
The committee then took up House Bill 456, sponsored by Rep. Freeland and presented with Deputy State Treasurer Russell Weber. The bill would designate the fourth week of September as Unclaimed Property Week, remove the requirement that the state treasurer live in Franklin County, allow mineral proceeds such as unpaid royalties to be reported as unclaimed property, and require more complete reporting information from holders. Supporters said the changes would help publicize unclaimed property and improve the return of funds to Kentuckians, noting that the office has returned about $88 million so far. Questions focused on why the residency requirement existed, whether the new week would limit claims, and whether the bill treated all constitutional officers consistently. The sponsor said the week was only promotional and claims could still be filed year-round.
During discussion of House Bill 456, the chair asked the sponsor to look into a past $250,000 embezzlement reference mentioned in debate. The bill was then put to a roll call vote and passed the committee with 16 yes votes and four pass votes, and the committee moved a title amendment as well.
MN
Minnesota 2025-2026 Regular Session
House Floor Session 5/18/25 - Part 2
Minnesota House Floor Meeting
Transcript Highlights:
- Many of the House provisions that we passed in both policy bills and our finance bill were combined here
- bill were combined here and our finance bill were combined here and and<00:03:38.000>
did <00: - From a finance perspective, not much changed.
- From a finance the judiciary um bill.
- From a finance perspective,<00:08:30.400>
um <00:08:31.199>not <00:08:31.440>much
TX
Transcript Highlights:
- Committee substitute Senate Bill 1261: relating to the financing of water supply projects included in
- Committee substitute Senate Bill 1261: relating to the financing of water supply projects included in
- Committee substitute Senate Bill 1261: relating to the financing of water supply projects included in
- Committee substitute Senate Bill 1261: relating to the financing of water supply projects included in
- Senate Bill 2185 would provide Within the Texas public school finance system, Senate Bill 2185 would
Summary:
The Senate opened with an invocation by Pastor Jim Harris of Tilden Baptist Church, followed by remarks from Senator Zaffirini recognizing his service and retirement as an agricultural teacher. The chamber also received a message from the governor on appointments to the Coastal Water Authority Board of Directors. Senators then adopted SR 434 honoring Goodwill Industries of San Antonio’s 80th anniversary, with Senators Gutierrez, Menendez, and Zaffirini praising its workforce training and second-chance employment mission; SR 435 recognizing Dr. Christine Ramos Camacho as Doctor of the Day; and a group of additional resolutions adopted by voice vote. Senator Zaffirini also introduced the McMullen County Day delegation, and Senator Gutierrez introduced the Doctor of the Day.
The Senate then took up and passed several bills. SB 1951 addressed penalties for late property rendition filings and removed a financial incentive for appraisal districts; SB 1261 related to financing water supply projects in the state water plan; SB 1620 created a Texas Forensic Analyst Apprenticeship Pilot Program; SB 530 updated higher-education accreditation rules; SB 2183 standardized fireworks sales periods statewide; SB 2368 strengthened the Lone Star Infrastructure Protection Act and added foreign-affiliation safeguards for electricity market participants; SB 1398 limited children without placement (CWOP) practices and added community-based care transparency; and SB 1960 established digital replication rights for voice and visual likenesses. Each of these bills advanced through suspension of the regular order, passage to engrossment, suspension of the three-day rule, and final passage, with recorded votes generally showing strong support and some opposition on a few measures.
The chamber also debated SB 825, which would require an annual study of the economic, environmental, and financial impacts of illegal immigration. Senators Middleton, Hinojosa, Gutierrez, and Eckhardt debated whether the study should include positive as well as negative impacts; an amendment to require that broader analysis failed, and the bill was left pending after passage to engrossment. Other measures passed included SB 2010, prohibiting political subdivisions from operating guaranteed income programs; SB 546, requiring reporting and continued implementation of school bus seat belts; SB 586, establishing the Historical Texas Cemetery designation program; SB 1150, requiring inactive oil and gas wells to be plugged or returned to production under a compliance plan; SB 1184, lowering the minimum age of wine eligible for sale by wine collection sellers; SB 2185, clarifying bilingual education allotment funding; SB 1923, making child support follow the child in certain temporary placements; SB 2252, expanding early literacy and numeracy supports and screening tools; SB 1870, barring local decriminalization of drugs; and SB 2405, the major TDCJ sunset bill, which included facility planning, parole and rehabilitation reforms, and an amendment protecting parole board discretion. Most of these bills were adopted after floor amendments and passed with recorded votes, often along party-line or near-party-line divisions.
TX
Transcript Highlights:
- It's essential not to get too deep into a school finance discussion, but essentially when people talk
- I'm not an expert on school district budgeting and finance.
- There's also differences in how they do. financing, and a number of things. Thank you.
- So this this is sort of mechanically what happens in the school finance system.
- PVS is woven throughout the school finance system.
NH
New Hampshire 2025 Regular Session
House Education Funding (03/04/2025)
Transcript Highlights:
- I think it's important to get this thing moving out of committee and to the floor and to Finance.
- I'm hoping that Finance will take the time with the more information.
- As a former finance director of a town, he said the concepts are the same.
- purpose of my scheduling finance purpose of my scheduling finance division<04:31:17.800>
one< - The committee discussed coordinating with people in Finance if they were doing it all day long.
Summary:
The committee met in executive session on HB 563, which revises the adequacy education grant formula, including differentiated aid for free and reduced-price meals, English language learners, and special education, and also restores fiscal capacity disparity aid. Members explained that for FY 26 the formula largely stays the same with the usual 2% increases, while FY 27 would raise the base cost and several aid categories, including a substantial increase in special education differentiated aid. Supporters said the bill recognizes higher special education costs and separates fiscal capacity disparity from the extraordinary needs grant, which they argued better targets property-poor communities.
A major point of discussion was the fiscal capacity disparity aid component. Some members asked for more detail on how the formula affected individual towns and how much money was being allocated. The sponsors said the spreadsheet showed the impacts and estimated the fiscal capacity disparity portion at about $13.3 million, benefiting roughly 40 communities, with Manchester the only municipality expected to receive less under the new approach. They also said the change partially rebalances money that had shifted heavily toward larger cities under the extraordinary needs grant and that the special education increase is new money, not taken from the hold harmless or extraordinary needs funds.
Several members supported the amendment as a good-faith step and a bipartisan compromise, while others expressed frustration that they did not have enough time or information to review the spreadsheets in detail before voting. After extended debate, the committee recessed for lunch to allow the spreadsheet to be distributed and reviewed, with the understanding that the bill would continue later in the day and then move on to the other bills on the docket.