Video & Transcript Research : 'Finance Committee'
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NV
Nevada 2025 Regular Session
Assembly Floor Session May 31st, 2025 at 10:00 am
Nevada Assembly Floor Meeting
Transcript Highlights:
- Senate Bill No. 467, introduced by the Committee on Finance, revises provisions relating to cybersecurity
- Senate Bill No. 467, introduced by the Committee on Finance, revises provisions relating to cybersecurity
- Senate Bill No. 455, introduced by the Committee on Finance, reorganizes certain divisions within the
- Senate Bill No. 477, introduced by the Committee on Finance, makes an appropriation to and authorizes
- Senate Bill 480, introduced by the Committee on Finance, makes an appropriation to the Office of Finance
NM
Transcript Highlights:
- , then Senate Finance Committee.
- , then Senate Finance Committee.
- Senate Conservation Committee, thence Senate Finance Committee.
- the Senate Finance Committee.
- , then to the Senate Finance Committee.
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 3 on Education Finance May 20th, 2025
Transcript Highlights:
- Justin Hurst, Department of Finance.
- Finance, please begin. Thank you. Good morning, Chair, members of the committee.
- Finance, please begin. Thank you. Good morning, Chair, members of the committee.
- Hello, Chairman Alvarez and distinguished members of the Education Finance Committee.
- Finance, welcome. Good afternoon. Again, Devin Mitchell with the Department of Finance.
Summary:
The committee heard the May Revision presentation for the Assembly Budget Subcommittee on Education Finance, with public comment focused heavily on K-12 priorities such as universal school meals, kitchen infrastructure, food service and custodial support, youth leadership grants, Special Olympics funding, English learner support, universal pre-K, literacy investments, and concerns about community college funding shifts. Speakers also urged support for expanded learning, teacher recruitment and training, and maintaining or increasing funding for community colleges and student support programs.
Finance and the LAO then reviewed the Proposition 98 outlook. Finance said the May Revision lowers the 2025-26 Prop. 98 guarantee to $114.6 billion, about $4.3 billion below January, due mainly to lower revenue estimates, with smaller effects from attendance and property tax changes. The administration also described rebenching for universal transitional kindergarten and a one-time rebench tied to Los Angeles fire-related property tax losses, along with changes to the Public School System Stabilization Account, deferrals, and updated COLA assumptions. The LAO said the budget relies too much on deferrals and one-time funds, creates a structural shortfall, and should instead align ongoing spending with the guarantee and preserve a reserve buffer.
Members questioned the TK rebench and the shift of funding from community colleges to K-12, asking why it was being applied retroactively and how colleges would be held harmless. Finance said the changes align funding with where TK costs are being incurred and that reappropriation funding and other adjustments would offset impacts on community colleges. The LAO argued the historical split formula is outdated and should be abandoned in favor of budgeting around current priorities rather than fixed percentages. Members also raised concerns about draining the rainy day reserve and using deferrals, while the LAO said preserving reserves would better protect against future volatility.
The committee then moved to specific K-12 and education proposals. Finance outlined May Revision changes including state operations adjustments for the Department of Education, technical trailer bill changes, a $100 million student teacher stipend program administered by Kern County, and updates to the charter school facility grant program. The LAO recommended rejecting the proposed increases for expanded learning, literacy coaches, and the student teacher stipend as currently structured, while supporting the minimum grant increase for expanded learning. Members expressed support for teacher recruitment efforts but questioned whether one-time funding can sustain ongoing programs and whether the student teacher stipend should be targeted to shortage areas or low-income communities.
MN
Minnesota 2025-2026 Regular Session
Grant for lender serving underserved entrepreneurs 3/3/26
Minnesota House Floor Meeting
Transcript Highlights:
- Fortis was development finance.
- c> for through creative financing for through creative financing for entrepreneurs<00:02:37.920><
- Many are many are viable financing.
- <00:04:01.599>
models innovative financial financing models innovative financial financing government committee.
Summary:
House File 2581 was presented as a request for a $1 million state investment in Fortis Capital, a Minnesota nonprofit economic development lender. The bill was described as supporting entrepreneurship and wealth-building by expanding access to capital for businesses that are underserved by traditional lending, especially in rural areas, communities of color, immigrant communities, and low-wealth areas. Testifiers argued that conventional underwriting standards leave viable businesses without financing and that Fortis provides flexible gap financing to help deals close, complementing rather than replacing banks and CDFIs.
Brian Smith, co-founder and CEO of Fortis Capital, said the organization was established in 2019 and has deployed 37 loans totaling over $4 million since 2021, leveraging an additional $29.5 million through partnerships. He said Fortis seeks to increase lending capacity, reduce risk in innovative capital structures, expand statewide partnerships, and accelerate small business growth and job creation. In response to questions, he said Fortis typically charges about 6.12% on average, has had two defaults, and operates as a revolving loan fund. He also explained that Fortis already participates in some Department of Employment and Economic Development programs, but is not eligible for certain grant programs because those grants go directly to borrowers.
Committee members asked how the proposal fits with existing state economic development efforts and whether competitive grant programs exist for this kind of work. A DED representative said he would need more detail to compare the proposal to agency programs, though he mentioned the emerging entrepreneur loan program as a possible fit. Members also discussed broader concerns about direct appropriations versus competitive grants. No public testimony was offered. Chair Frasier closed by saying the bill addresses a real need and laid House File 2581 over for possible inclusion in a budget bill.
CA
California 2025-2026 Regular Session
Assembly Banking and Finance Committee Apr 23rd, 2026
Banking and Finance
Transcript Highlights:
- The Assembly Banking and Finance Committee is now called to order.
- On the consent calendar is AB 2028 Chen, AB 2425 Chen, and AB 2795, the Bank and Finance Committee bill
- And AB 2795, Banking and Finance, due pass to the Committee on Appropriations. Valencia? Yes.
- With that, the Committee on Banking and Finance is adjourned. Uh, Michelle Rodriguez.
- With that, the Committee on Banking and Finance is adjourned. Thank you. Thank you. Thank you.
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 3 on Education Finance May 20th, 2025
Transcript Highlights:
- Finance, please begin. Thank you. Good morning, Chair, members of the committee.
- Hello Chairman Alvarez. distinguished members of the Education Finance Committee.
- We want to thank the governor, members of this committee, committee consultants.
- Department of Finance.
- . committee we will likely be following up with committee with staff through our committee staff from
MN
Transcript Highlights:
- >
and the committee on agriculture finance and the committee on agriculture finance and policy - Finance and Policy and be re-referred to the Committee on Housing Finance and Policy.
- c> and the committee on housing finance and the committee on housing finance and policy.<00:29:53.039
- on Education Finance and be re-referred to the Committee on Children and Families Finance and Policy
- the Committee on Children and Families Finance and Policy.
MN
Transcript Highlights:
- versus the State Government Finance Committee.
- versus the State Government Finance Committee.
- committee on state government finance committee on state government finance and and and policy<00
- :13:00.959>
committee the state government finance committee the state government finance committee - > with<00:13:11.600>
both finance committee I've spoken with both finance committee I've spoken
CA
California 2025-2026 Regular Session
Assembly Utilities and Energy Committee Jun 3rd, 2025
Transcript Highlights:
- rather than the traditional financing... ...to ratepayers because it provides a bond financing mechanism
- Thank you, Madam Chair, members of the committee. Thank you, Madam Chair, members of the committee.
- We’re looking at cheaper ways of financing.
- You know, I supported discussion around public financing.
- Now, last thing about the public financing and liability.
Summary:
The Assembly Committee on Utilities and Energy heard two bills focused on electricity affordability and utility costs. AB 745, by Assembly Member Irwin, would restructure the California Climate Credit by shifting it from lump-sum payments to direct reductions in volumetric electricity rates and moving the credit to the summer months when bills are highest. The author and UC Santa Barbara economist Dr. Kyle Meng argued this could significantly lower summer rates and better help households during extreme heat. Supporters, including UCS, NRDC, and some labor representatives, favored the concept, with some urging that the gas climate credit also be redirected. No opposition testimony was presented, and the bill passed 18-0 to the floor.
The committee then considered AB 825, also presented as an affordability package aimed at reducing electric bills by addressing wildfire mitigation costs, transmission financing, permitting delays, and a review of ratepayer-funded programs. The bill would authorize securitization for undergrounding expenses, remove the first $15 billion in undergrounding capital investments from the rate base for return purposes, create a public transmission financing program using Proposition 4 funds and IBank support, revive the California Power Authority as a public sponsor, and establish a task force to review energy efficiency and demand response programs. The author and witness Matt Friedman of The Utility Reform Network said the bill could save ratepayers billions over time through lower-cost public financing and securitization.
Testimony on AB 825 was mixed. Support came from several consumer and clean-energy groups, while utilities and labor raised concerns about the bill’s impact on utility financial stability, wildfire fund participation, liability, and whether the $15 billion securitization cap could discourage undergrounding. Some witnesses also objected to the task force’s potential effect on energy efficiency and demand response programs. Committee members discussed the need to balance affordability with utility creditworthiness and wildfire safety, and several asked for more analysis of market impacts and liability issues. Despite those concerns, AB 825 passed the committee 13-0 and was sent to the floor.
HI
Hawaii 2025 Regular Session
House Chamber - Wed Mar 12, 2025, 12:00PM HST - Day 30
Hawaii House Floor Meeting
Transcript Highlights:
- committee on finance through this committee on finance through this challenging<00:38:35.680>
- and as well as the members of the Finance Committee.
- and as well as the members of the Finance Committee.
- I also like to thank our staff on the Finance Committee.
for house finance committee and staff for house finance committee and staff for their<00:48:15.319
MN
Transcript Highlights:
- referred to the committee on re referred to the committee on elections<00:37:04.200>
finance <00 - >
and the committee on elections finance and the committee on elections finance and government - Policy and be re-referred to the Committee on Human Services Finance and Policy.
- Resources Finance and Policy and be re-referred to the Committee on Energy Finance and Policy. motion
- on State Government Finance and Policy and be re-referred to the Committee on Elections Finance and
NM
New Mexico 2025 Regular Session
House - Chamber Meeting Jan 27th, 2025
Transcript Highlights:
- , thence the House Appropriations and Finance Committee.
- , thence the House Appropriations and Finance Committee.
- and Finance Committee.
- , thence the House Appropriations and Finance Committee.
- and Finance Committee.
NM
New Mexico 2026 Regular Session
House - Chamber Meeting Jan 26th, 2026 at 11:12 am
New Mexico House Floor Meeting
Transcript Highlights:
- , then the House Appropriations and Finance Committee.
- , then the House Appropriations and Finance Committee.
- , then the House Appropriations and Finance Committee.
- , then the House Appropriations and Finance Committee.
- , then the House Appropriations and Finance Committee.
AK
Alaska 2025-2026 Regular Session
House Floor Session Jun 12th, 2026 at 10:30 am
Alaska House Floor Meeting
Transcript Highlights:
- The Finance Committee considered the bill, recommends it be replaced with Committee Substitute for House
- Committee substitute for House Bill No. 381, Finance, by the House Finance Committee, entitled: An Act
- There was further good work in the Finance Committee.
- Thank you to the Finance Committee for addressing that language.
- . ...the Finance Committee.
NY
New York 2025-2026 Regular Session
Senate Standing Committee on Housing, Construction and Community Development - 02/10/2026
Housing, Construction, and Community Development
Transcript Highlights:
- Our Health Committee chair, who is a member of this committee, is currently chairing that.
- Committee.
- It was reported to Finance by this committee.
- to Finance.
- We'll once again be looking for a motion to report to the Finance Committee.
Summary:
The Senate Committee on Housing, Construction and Community Development met on February 10 and reviewed a largely recurring housing agenda, with the chair noting the meeting had been moved to Tuesday because of train delays and that a housing budget hearing was scheduled for February 25. Several bills were taken up that had passed the Senate in prior sessions or had been reported before, including measures on manufactured home park rent increases, first-home savings and grant programs, a mobile/manufactured home replacement program, closing-cost assistance for low-income tenants, protections against eviction for certified medical marijuana use, senior and disabled persons protections, fire code and housing standard penalties, a Manufactured Home Community Preservation Act, a public housing painters apprenticeship program, veterans with service-related disabilities receiving preferences in affordable homeownership programs, and a senior housing task force. One bill on an affordable independent senior housing assistance program was held at the sponsor’s request.
Testimony and discussion were limited, with most bills moving on sponsor motions and seconded by other senators. There was brief clarification on the closing-cost assistance bill that it was intended for renters in public or subsidized housing, not people living with parents. Senators generally supported the measures, though some members voted in the negative or to advance without recommendation on several bills.
Actions taken included reporting multiple bills either to the floor or to the Finance Committee. Among those reported to the floor were the manufactured home park rent bill, the medical marijuana eviction protection bill, the senior/disabled persons bill, the fire code and housing standards penalties bill, the veterans homeownership preference bill, and the senior housing task force bill. Bills on first-home savings, manufactured home replacement, closing-cost assistance, the first-home grant program, the Manufactured Home Community Preservation Act, and the public housing painters apprenticeship program were reported to the Finance Committee. The committee then adjourned.
NH
New Hampshire 2025 Regular Session
House Finance Division III (05/22/2025)
Transcript Highlights:
- "Second committee, you know, we are tasked with looking at the finances of a bill.
- So this will come before the full finance committee on Wednesday.
- So, this will come before the full<00:29:30.399>
finance <00:29:30.799>committee <00:29: - <00:29:32.240>
But full finance committee on Wednesday. - But full finance committee on Wednesday.
Summary:
Division 3 of House Finance met in a continued work session on Senate Bill 118, with no LBA present. The chair reviewed the bill’s complicated history: it began as a short Senate bill, was expanded in the Senate to address Hampstead Hospital and related contracts, and was later amended by the House Health and Human Services Committee to add the substance of House Bill 53, which would allow home cultivation of cannabis for therapeutic use. Members also discussed the bill’s timing against upcoming legislative deadlines and the available options, including recommending it ought to pass, retaining it, ITL, or amending it.
A member asked about the $160,000 appropriation tied to Hampstead Hospital employees. Deputy Commissioner Marissa Hen explained that most of the money would cover accrued time owed to a small number of employees who transitioned through multiple staffing arrangements at the hospital, and the rest would honor previously promised bonuses for a few workers who would otherwise miss them after the transition to Dartmouth Health. She said the payments were intended to make employees whole after repeated changes in hospital management and staffing.
Representative Stringham then offered Amendment 2345H, which would strip the House-added cannabis provisions and keep only the Senate-originated Hampstead Hospital-related sections. He argued this would improve the bill’s chances of surviving a gubernatorial veto and preserve the portions members broadly supported. The amendment failed on a 6-3 roll call. The committee then voted 6-3 to recommend the bill ought to pass without the amendment. Members also designated Representative Seaworth to speak for the majority and Representative Daniels for the minority when the bill reaches full Finance, and the work session adjourned.
NM
New Mexico 2025 Regular Session
IC - New Mexico Finance Authority Oversight Jun 2nd, 2025
New Mexico Finance Authority Oversight Committee
Transcript Highlights:
- , budgeting and finance.
- I'm a new member of this committee.
- I will say that the outside of the Legislative Finance Committee and the Legislative Education Study
- Committee and the Education and Finance Committees.
- Which I serve on Senate Finance also as my standing committee in the Senate.
MN
Minnesota 2025-2026 Regular Session
House Transportation Finance and Policy Working Group 1/15/25
Minnesota House Floor Meeting
Transcript Highlights:
- terms of it being a debt financing terms of it being a debt financing mechanism<00:22:33.880>
- But most of the rest of transit finance has evolved differently from highway finance, in that it is not
- But most of the rest of transit finance has evolved differently from highway finance, in that it is not
- But most of the rest of transit finance has evolved differently from highway finance, in that it is not
- finance evolved differently from Highway finance and<00:31:52.159>
that <00:31:52.320>it
Summary:
The Transportation Working Group met on January 15, 2025, with Chair John Kosnik opening by saying the committee expected to pass a transportation bill this year and emphasizing efficient use of transportation revenues, maintenance of roads and transit, and safety. Members and staff introduced themselves, and several representatives noted their interest in roads, bridges, and regional transportation needs. Kosnik also said he had spoken with Representative Kel about leadership arrangements and stressed that bipartisan support would be needed for a transportation bill.
House Fiscal Staff’s Andrew Lee and House Research’s Matt Burus then gave an overview of transportation finance, focusing mainly on highways and transit. Burus explained Minnesota’s highway funding structure, including the constitutional Highway User Tax Distribution Fund and the related Trunk Highway Fund, County State-Aid Highway Fund, and Municipal State-Aid Street Fund. He reviewed the main revenue sources: the motor fuels tax, motor vehicle registration tax, motor vehicle sales tax, portions of the general sales tax tied to auto parts, vehicle rentals and leases, and the retail delivery fee. He noted several changes from 2023 legislation, including indexing of the gas tax, creation of the Transportation Advancement Account, and the retail delivery fee, which began in July 2024 and therefore would affect fiscal year 2025 rather than the fiscal 2024 data shown.
The presentation also covered how highway dollars flow through constitutional formulas, including the 95/5 split from the Highway User Tax Distribution Fund, with the 5 percent set-aside used for town roads, town bridges, and flexible highway purposes such as turnbacks. Burus distinguished trunk highway bonds from general obligation bonds and explained that both are debt-financing tools for transportation projects, but with different repayment sources and uses. No votes or formal actions were taken at this informational meeting.
NM
New Mexico 2026 Regular Session
House - Chamber Meeting Jan 27th, 2026 at 11:17 am
New Mexico House Floor Meeting
Transcript Highlights:
- Appropriations and Finance Committee.
- , then the House Appropriations and Finance Committee.
- To the House Education Committee, then the House Appropriations and Finance Committee.
- , then the House Appropriations and Finance Committee.
- and Finance Committee.
Bills:
HM19
Keywords:
New Mexico Aviation and Aerospace Day, aviation, aerospace, space industry, missile programs, Spaceport America, White Sands Missile Range, White Sands Test Facility, Kirtland Air Force Base, drone, unmanned aircraft systems, commercial space transportation, NASA, aircraft, STEM education, research laboratories, Sandia National Laboratories, Los Alamos National Laboratory, flight testing, medical evacuation
CA
California 2025-2026 Regular Session
Assembly Banking and Finance Committee Apr 23rd, 2026
Transcript Highlights:
- The Assembly Banking and Finance Committee is now called to order.
- On the consent calendar are AB 2028, Chen; AB 2425, Chen; and AB 2795, the Banking and Finance Committee
- And AB 2795, Banking and Finance, due pass to the Committee on Appropriations. Valencia? Yes.
- And AB 2795, Banking and Finance, do pass to the Committee on Appropriations. Michelle Rodriguez.
- With that, the Committee on Banking and Finance is adjourned. Thank you. Thank you. Thank you.
Summary:
The Assembly Banking and Finance Committee met and first approved the consent calendar, which included AB 2028, AB 2425, and committee bill AB 2795, all sent to the Committee on Appropriations. The committee also noted that AB 2558 and AB 2746 had been pulled from the agenda. The chair reviewed hearing procedures, including acceptance of written testimony and rules against disruptive conduct.
The committee then heard AB 2116, which would require registration and basic conduct standards for certain small-business financing providers, including merchant cash advance companies, and prohibit confessions of judgment and power-of-attorney provisions before default. Supporters argued the bill would close an oversight gap and improve transparency for small businesses; a small business owner testified that a purported 13% loan turned out to have a 235% APR. Opponents said the bill mixed consumer and commercial regulation and could restrict access to capital, though they supported banning confessions of judgment. The bill passed on a roll call vote and was sent to Appropriations.
AB 2243, by Assembly Member Haney, proposed creating a state bank commission to study whether California should establish a state bank or other public financing tools. Supporters said a public banking model could reduce borrowing costs, keep more public money in-state, and better finance housing, infrastructure, and other public priorities; opponents from banking groups raised concerns about taxpayer exposure, deposit guarantees, and the use of public funds and existing lending structures. The bill passed and was sent to Appropriations. The committee also heard AB 2350, which would set guardrails on rent-now-pay-later products for rental housing; supporters said these products can lead to high fees, debt, and eviction risk, while industry groups opposed the bill unless amended. AB 2350 passed as amended and was sent to Appropriations. At the end of the meeting, the committee completed roll calls for absent members and adjourned.