Video & Transcript Research : 'distributed ledger'
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US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Wednesday, June 24, 2026)
US Federal House Floor Meeting
Transcript Highlights:
- Thank you so much, Congresswoman Ledger Fernandez, for those beautiful words and... ...to share this
- agencies verify eligibility, share information, and stop suspicious payments before the money is distributed
- And when they are When they are distributed this way, mothers can be left to face the risks alone.
- raised under private dollars, almost $150 million, record numbers that were given out and then distributed
- in a sober out and then distributed in a sober and appropriate way.
NM
New Mexico 2026 Regular Session
IC - Legislative Finance Dec 8th, 2025
Transcript Highlights:
- So we win on both sides of the ledger. And that's that sweet spot. Tax revenue.
- So we win on both sides of the ledger.
Summary:
The committee first recognized Mark Roper of the Economic Development Department for his long service and retirement, with members and the secretary praising his work on economic development across the state. Secretary Rob Black then presented EDD’s budget and special appropriation requests, describing strong recent job and income growth and outlining the department’s strategy around science and technology, site readiness, workforce development, foreign direct investment, and rural/community programs. He highlighted wins in advanced energy, quantum, space and defense, and biosciences, and asked for funding for quantum/DARPA matching funds, additional site readiness work, LIDA closing funds, JTIP training support, New Mexico Partnership, and healthy foods and other community programs.
Members asked detailed questions about the quantum proposal, site readiness, the new mapping tool for industrial sites, workforce participation, trade missions, foreign investment, tariffs, water and produced water, tribal site evaluation, and public engagement on major projects. Black said the quantum request was intended to match federal dollars and build a workforce pipeline, that the site-readiness software would be a set enterprise license, and that the department was working with tribes and local partners on future site evaluations. He also said tariffs have created uncertainty but New Mexico’s infrastructure and foreign trade zones could help attract manufacturing, and he acknowledged concerns about transparency and community input while noting that some projects, such as Pacific Fusion, had gone through extensive public processes.
The committee also discussed specific projects and funding balances, including Mantis Space’s move to Albuquerque, the status of Virgin Galactic’s spaceport lease, and the current LIDA fund balance and encumbrances. Black and Deputy Secretary Isaac Romero said the department was trying to use State Investment Council-backed venture funds to attract companies and that the new investments were already producing deals and jobs. Members generally supported the department’s direction but pressed for more targeted expertise, faster deployment, and stronger community involvement in future economic development decisions.
Later, Secretary de Blassie of the Department of Health presented the department’s budget request and progress report. He said DOH had improved revenue cycle management, reduced old Medicaid-pending cases, increased census at facilities, improved budget and contract timeliness, and responded effectively to the measles outbreak. The department requested additional base funding for epidemiology and response, the DOH helpline, the Vital Records Virtual Vault, state labs, and the veterans home, along with special requests for respiratory vaccinations and marketing and lab equipment replacement. He also noted progress on MOUD and the medical psilocybin program, and said the department was not seeking to launch new programs given the limited time left in the administration.
TX
Transcript Highlights:
- safety provisions and regulatory fees administered by the Railroad Commission of Texas to gas distribution
- Section 43.24 relates to the cell distribution or display of harmful materials to a minor.
- ledger-based title registry.
- HB 4960 by Phelan, relating to political advertising distributed abroad, text message campaigns, and
- political advertising by amending Section 45101 of the Election Code to include communications distributed
Bills:
HB1520, HB1545, HJR110, HJR203, HB245, HB1465, HB1482, HB294, HB793, HB809, HB3928, HB334, HB2037, HB1973, HB285, HB4341, HB4264, HB 1043, HB837, HB 1234, HB 1193, HB 1194, HB1646, HB1729, HB2498, HB1314, HB2295, HB1353, HB1531, HB1988, HB5398, HB3960, HB3923, HB1407, HB1764, HB2221, HB2214, HB2517, HB2518, HB2213, HB5008, HB5092, HB3421, HB3663, HB3748, HB3800, HB3756, HB2613, HB3782, HB5246, HB4344, HB4044, HB4066, HB2702, HB2807, HB2869, HB2898, HB3181, HB3250, HB4153, HB2091, HB2115, HB2542, HB2768, HB3349, HB3352, HB4406, HB1593, HB1899, HB3133, HB4432, HB4960, HB3214, HB3915, HB3508, HB2145, SB304, SB608, SB2312, SB494, SB530, HB45, HB2520, HB35, HB47, HB318, HB349, HB554, HB1359, HB1373, HB2254, HB2259, HB2853, HB3073, HB3088, HB353, HB355, HB786, HB762, HB705, HB932, HB849, HB 1119, HB3041, HB713, HB3104, HB3970, HB4042, HB4490, HB1731, HB2607, HB3689, HB1788, HB1612, HB138, HB15, HB1971, HB1338, HB2989, HB267, HB 1201, HB2954, HB5265, HB1804, HB5061, HB1520, HB1545, HJR110, HJR203, HB1887, HB1914, HB2402, HB2306, HB1809, HB2350, HB3000, HB3237, HB3326, HB3211, HB 1056, HB2081, HB2187, HB3092, HB3308, HB3526, HB3750, HB3527, HB4219, HB4230, HB4290, HB5238, HB4804, HB4749, HB245, HB1465, HB1482, HB294, HB793, HB809, HB3928, HB334, HB2037, HB1973, HB285, HB4341, HB4264, HB 1043, HB837, HB 1234, HB 1193, HB 1194, HB1646, HB1729, HB2498, HB1314, HB2295, HB1353, HB1531, HB1988, HB5398, HB3960, HB3923, HB1407, HB1764, HB2221, HB2214, HB2517, HB2518, HB2213, HB5008, HB5092, HB3421, HB3663, HB3748, HB3800, HB3756, HB2613, HB3782, HB5246, HB4344, HB4044, HB4066, HB2702, HB2807, HB2869, HB2898, HB3181, HB3250, HB4153, HB2091, HB2115, HB2542, HB2768, HB3349, HB3352, HB4406, HB1593, HB1899, HB3133, HB4432, HB4960, HB3214, HB3915, HB3508, HB2145, HCR6, HCR12, HCR34, HCR50, HCR55, HCR58, HCR70, HCR71, HCR72, HCR74, HCR75, HCR78, HCR80, HCR93, HCR100, HCR107, HCR116, HCR117, HCR90
Keywords:
Angelina and Neches River Authority, river authority, Sunset Advisory Commission, Texas Sunset Act, Special District Local Laws Code, local government, natural resources, board of directors, director training, board governance, public testimony, open meetings, public information, conflict of interest, ethics, complaint system, general manager, board president, staggered terms, removal of director
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Monday, June 23, 2025)
US Federal House Floor Meeting
Transcript Highlights:
- the restoration of the beautiful Bedford Springs Resort, the recruitment of the Walmart and REI distribution
- ledger technology.
- ledger technology.
- privacy enhancement technology, a supply chain management tool, or as a method to provide a secure ledger
- companies that make and distribute companies that make and distribute contaminated<03:54:38.800>
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 2 on Human Services Feb 26th, 2025
Transcript Highlights:
- Every week, we distribute food to the campesinos.
- sites. would have to close existing food distribution sites.
- While I'm out there, I would like to visit food distribution sites.
- When we first started making these in 2007, we distributed about 4,500.
- Since last November's election, we have distributed over 9 million in 19 languages.
MN
Minnesota 2025 1st Special Session
Task Force on Homeowners and Commercial Property Insurance 10/1/25
Minnesota House Floor Meeting
Transcript Highlights:
- But the other side of that ledger is decreasing claims cost.
- <00:50:18.000>
side <00:50:18.160>of <00:50:18.240>that <00:50:18.400>ledger - But the other side of that ledger point.
- But the other side of that ledger is<00:50:18.960>
decreasing <00:50:19.440>claims <00:50
MN
Minnesota 2025 1st Special Session
House Environment and Natural Resources Finance and Policy Committee 2/18/25
Environment and Natural Resources Finance and Policy
Transcript Highlights:
- This was distributed by an email earlier today, uh, as per House Rule 6.21.
- This was distributed by an email earlier today, uh, as per House Rule 6.21.
- Also, on the other side of the ledger there, over a million hunting licenses sold each year; angling
- Also, on the other side of the ledger there, over a million hunting licenses sold each year; angling
NM
New Mexico 2025 Regular Session
IC - Legislative Finance Nov 21st, 2025
Transcript Highlights:
- Since 2004, PSCOC has distributed over 3 billion in awards funding, and recent efforts have New Mexico
- Now that we've looked at the state side of the ledger, I want to turn to how the formula measures district
- And that's at the root of literacy Books are getting distributed.
CO
Colorado 2026 Regular Session
Colorado House 2026 Legislative Day 120 May 14th, 2026
Colorado House Floor Meeting
Transcript Highlights:
- nonprofit that would be run and managed by the state, and the state would handle raising the funds and distributing
- nonprofit would be run and managed by the state, and the state would handle raising the funds and distributing
- I don't think it is appropriate for the state to manage fundraising and distribution of a million dollars
- addressed constitutional concerns, changed definitions further, established the nexus, added some ledger
MN
Minnesota 2025-2026 Regular Session
Conference Committee on HF1141 5/12/26
Transcript Highlights:
- /c><00:06:50.480>
four, On page 10, section four, requires the Housing Finance Agency to distribute - It should be Minnesotans who are owning those homes, not just like a line on a ledger and balance sheet
Summary:
The conference committee on House File 1141, the Omnibus Housing Finance and Policy Bill, reviewed the fiscal spreadsheet and policy language for the agreement. Staff explained the major funding items, including appropriations for greater Minnesota workforce housing, manufactured home park infrastructure grants, family homelessness prevention, supportive housing, a tenant hotline, and housing infrastructure bonds, along with a cancellation of unused Tyler settlement funds and a reallocation of Housing Development Fund earnings. Staff said the package was budget neutral over the forecast window. The policy walk-through also covered provisions on livestreaming Housing Finance Agency board meetings, limits on administrative retentions for new grant programs, restrictions and reporting on Housing Development Fund transfers and earnings, clarifying language for local public housing, an exemption related to lived-experience engagement, and access for legislative fiscal staff to agency accounting information.
Members then considered several amendments. The A12 amendment, allowing certain local governments to invest long-term funds in housing-related investments, was adopted after a roll call showed support from all three caucuses. The A16 manufactured housing bill of rights amendment, which would have addressed park-owner practices, purchase opportunities, enforcement, and rent increases, was not adopted. The A18 amendment to allow additional flags in HOAs and other areas was also not adopted. The A17 amendment to limit private equity ownership of single-family homes to 100 units was not adopted. The A13 amendment to preempt local rent control was not adopted. Members on both sides said some of the rejected issues warranted further discussion in future sessions, while supporters argued they were needed to address housing affordability and ownership pressures.
In closing discussion on the bill as a whole, members from both chambers praised the bipartisan process, the staff work, and the Minnesota Housing Finance Agency’s collaboration. Supporters said the agreement would help build thousands of homes across the state, assist vulnerable Minnesotans, and improve transparency and accountability in housing programs. They also noted the bill’s mix of single-family, multifamily, manufactured housing, homelessness prevention, and policy reforms. The committee expressed intent to move the agreement forward to the House floor and ultimately to the governor.
MN
Minnesota 2025-2026 Regular Session
Press Conference: Republican Media Availability - 03/17/26
Transcript Highlights:
- I mean, on the tax side of the ledger, speaking of failed ideas, he's talking about expanding the sales
Summary:
Senate Republicans discussed the governor’s supplemental budget and criticized proposed cuts to nursing homes, disability services, and counties, arguing the changes would hurt vulnerable Minnesotans and that the tax package would amount to roughly an $868 million increase. They said they were open to some family-focused tax provisions, such as an expanded child care or dependent credit, but opposed broader tax increases and several previously rejected ideas, including sales tax changes and a social media tax.
A major topic was fraud prevention and the Office of Legislative Auditor report on kickbacks. Republicans said the report reinforced their push for a statewide independent Office of Inspector General with a law enforcement division and a broader fraud definition, and they argued the office would have handled the cases more effectively. They also said they support the concept of an OIG bill but want only modest amendments, while criticizing House Democrats for resisting the law enforcement division and for raising constitutional objections they called a drafting issue.
The lawmakers also reacted skeptically to the governor’s proposed AI-related job development fund and $10 million in forgivable loans for businesses affected by Operation Metro Search, saying the aid would mainly benefit downtown Minneapolis and St. Paul rather than the broader state. They closed with broader comments that the session felt relatively normal and less intense than past years, noted ongoing work on a bonding bill, and joked about campaign politics, possible candidates, and even the idea of a Senate dog.
AR
Arkansas 2026 Regular Session
ALC-HOSPITAL, MEDICAID, & DEVELOPMENTAL DISABILITIES STUDY SUBCOMMITTEE Jan 12th, 2026
ALC-HOSPITAL, MEDICAID, & DEVELOPMENTAL DISABILITIES STUDY SUBCOMMITTEE
Transcript Highlights:
- And I would say that when you look at the ledger, usually people that err towards that growth-based rather
Summary:
The committee heard a presentation from Nick Moore, Acting Assistant Secretary of the Office of Career and Technical Education, focused on integrating workforce, education, training, and human services systems. Moore argued that WIOA, Perkins, and ESSA should be aligned more closely, with fewer federal and state bureaucratic layers, more state flexibility, and a stronger emphasis on labor force participation, postsecondary attainment, and training tied to in-demand jobs. He said the federal agencies are moving toward combined plan timelines for 2026, encouraged states to pursue combined plans and waivers, and described efforts to streamline reporting, reduce administrative overhead, and expand tools such as integrated intake, cross-training, virtual and mobile service delivery, apprenticeship, and talent marketplaces.
Moore also emphasized accountability and outcomes, saying states should measure training-related employment, retention, and the share of funds going to direct services rather than administration. He criticized the current workforce system as too costly and ineffective, and said states should use primary labor market information, better wage records, and employer input to align training with actual job demand. Members asked about balancing flexibility with accountability, the role of employers versus postsecondary institutions, serving rural “training deserts,” state waivers, and data-sharing systems such as Mississippi’s workforce technology efforts. Moore said states can use waivers and technology to create common intake and co-enrollment across programs, and that enhanced wage records are key to better workforce planning.
The committee then received a separate update from DHS Secretary Janet Mann and Director Jay Hill on reimbursement rates for aging and adult behavioral health services. They said DHS had compiled more than 100 public comments, submitted a recommendation to the governor to hold current rates, and was awaiting executive review, which they estimated could take 30 to 60 days. Members asked about the timeline and the scope of the legislation requiring monthly reports. The meeting ended with notice of a later audit presentation scheduled for 1:00 p.m. at the Big Mac building.
TX
Transcript Highlights:
- He is the dean of the Republican side of the ledger.
Bills:
SB 8, SB 1, SB 2, SB 5, SB 10, HB27, HB7, HB17, HB1, SB 9, SB 7, SB 17, SB 4, HB20, HB18, HB7, HB17, HB1, HB20, HB18, SB9, SB7, SB17, SB4, SB1, SR85, SR87, SB8, SB5, SB2, SB10, HB27
Keywords:
sex designation, restroom access, civil penalties, private civil right of action, women's privacy, campground safety, youth camp regulations, flood safety, emergency evacuation, health and safety standards, disaster relief, flood preparedness, emergency funding, local government support, meteorological forecasting, abortion, healthcare, jurisdiction, civil action, qui tam
MA
Massachusetts 2025-2026 Regular Session
Special Joint Committee on Initiative Petitions Jun 21st, 2026 at 01:00 pm
Transcript Highlights:
- be some level of offsetting economic impact from whatever happens on the public-sector side of the ledger
- in organizations and people across Eastern Bank's market area to help our communities thrive, distributing
- Once this proposal is fully phased in, it is important to recognize that the distribution of these benefits
- If you take the bottom 80% of families, so four-fifths of our income distribution, the average family
- What this does is put $500 in the pockets of the bottom 80%, the bottom four-fifths of our income distribution
Summary:
The Special Joint Committee on Initiative Petitions held a public hearing on two proposed ballot initiatives: one to reduce the state personal income tax rate from 5% to 4% over three years, and another to revise the state’s tax collection cap/62F process so it would be based on prior-year collections plus wage growth and include surtax revenue. The committee chair and House co-chair outlined the hearing process, and the first witness was Doug Howgate of the Massachusetts Taxpayer Foundation, who testified as the committee’s subject-matter expert on both measures. He said the income tax proposal would lower taxes broadly but would reduce state revenue by about $5.4 billion when fully implemented, with an estimated $800 million hit in FY27, and he discussed possible effects on competitiveness, taxpayer savings, and public finances. On the 62F proposal, he said the revised cap would make refunds more likely, could have produced several large refunds in recent years, and would reduce stabilization fund deposits and constrain recovery after recessions.
Committee members questioned Howgate about competitiveness, outmigration, prior tax ballot measures, spending growth, MassHealth, and the interaction between the income tax and surtax. He emphasized that taxes are only one part of the state’s overall competitiveness and that housing, public services, and other factors also matter. He also noted that the surtax is constitutionally restricted but can still support ongoing spending choices. After his testimony, the committee moved to the proponents’ panel.
Proponents of both initiatives, including representatives from Taxpayers for an Affordable Massachusetts, the National Federation of Independent Business, Pioneer Institute, and the Mass Opportunity Alliance, argued that the measures would improve affordability, help retain residents and businesses, and support job growth. They cited polling support, outmigration, small-business reinvestment, and comparisons to lower-tax states such as North Carolina. Their economist, Rebecca Paxton, said her model showed smaller revenue losses than critics claim and projected that the revised revenue cap would not create additional annual revenue losses while producing more regular taxpayer refunds. Committee members pressed the panel on competitiveness, prior ballot initiative implementation, and whether the measures would actually address broader affordability pressures; the hearing ended with the committee continuing to take questions from the proponents.
TX
Transcript Highlights:
- General Land Office of a Distributed Ledger-Based Title Registry Pilot Program. Thank you, Mr.
- HB4960 by Phelan, relating to police political advertising distributed or broadcast as part of a mass
- It also refers to cell distribution display, right?
- Could that include something like, or intended to distribute, right?
- SB2225 by Hancock, relating to the manufacturer distribution sale and taxation of ready-to-drink spirit
Bills:
HJR138, HB42, HB 104, HB 129, HB677, HB426, HB668, HB1699, HB2017, HB2128, HB2038, HB3783, HB3717, HB2316, HB3686, HB2563, HB3883, HB4021, HB2788, HB2663, HB3305, HB3173, HB3474, HB 1105, HB3531, HB3490, HB3597, HB 1295, HB3512, HB3010, HB3112, HB4215, HB3223, HB3464, HB3120, HB4214, HB4511, HB3704, HB4081, HB4783, HB4063, HB2783, HB4937, HB5085, HB2510, HB3426, HB4361, HB 1169, HB2516, HB2347, HB4034, HB4700, HB3560, HB5150, HB3860, HB3146, HB3924, HCR98, HCR92, HB1520, HB1545, HB5265, HB1887, HB1914, HB2402, HB2306, HB2350, HB3000, HB3237, HB3326, HB3211, HB 1056, HB2081, HB2187, HB3092, HB3308, HB3526, HB3750, HB4219, HB4230, HB4290, HB5238, HB4804, HB4749, HB245, HB1465, HB294, HB793, HB809, HB3928, HB334, HB2037, HB1973, HB285, HB4341, HB 1043, HB 1234, HB 1193, HB1729, HB2498, HB1314, HB1353, HB3960, HB3923, HB2221, HB2517, HB2518, HB2213, HB5092, HB3748, HB5246, HB4344, HB1482, HB4044, HB2702, HB4264, HB2807, HB2898, HB3181, HB3250, HB2091, HB2115, HB2542, HB2768, HB3349, HB4406, HB1593, HB1899, HB3133, HB3133, HB4960, HB3214, HB2145, HB 1201, HB5061, SB29, SB879, SB65, SB1745, SB412, SB412, SB1746, SB1238, SB1341, SB522, SB1532, SB1378, SB1062, SB2066, SB1963, SB2204, SB1366, SB2077, SB1967, SB1151, HB1618, HB2156, HB2615, HB2615, HB2349, HB1926, HB569, HB1762, HB38, HJR138, HB42, HB 104, HB 104, HB 129, HB677, HB426, HB668, HB1699, HB2017, HB2128, HB2038, HB3783, HB3717, HB2316, HB3686, HB2563, HB3883, HB4021, HB2788, HB2663, HB2663, HB3305, HB3173, HB3474, HB 1105, HB3531, HB3531, HB3490, HB3490, HB3597, HB 1295, HB3512, HB3010, HB3112, HB4215, HB3223, HB3223, HB3464, HB3120, HB4214, HB4511, HB3704, HB4081, HB4783, HB4063, HB2783, HB4937, HB5085, HB2510, HB3426, HB4361, HB 1169, HB2516, HB2347, HB4034, HB4700, HB3560, HB5150, HB3860, HB3146, HB3924, HCR98, HCR92
Keywords:
carbon tax, carbon emissions, greenhouse gas, climate policy, fuel tax, emissions tax, Texas Constitution, Article VIII, tax limitation, environmental tax, fossil fuels, energy policy, legislative taxing authority, ballot proposition, constitutional amendment, higher education, funding, financial allocation, state budget, Texas A&M University
AR
Arkansas 2026 1st Special Session
ALC-HOSPITAL, MEDICAID, & DEVELOPMENTAL DISABILITIES STUDY SUBCOMMITTEE Jan 12th, 2026
ALC-HOSPITAL, MEDICAID, & DEVELOPMENTAL DISABILITIES STUDY SUBCOMMITTEE
Transcript Highlights:
- And I would say that when you look at the ledger, usually people that err towards that growth-based rather
Summary:
The committee heard testimony from Nick Moore, Acting Assistant Secretary of the Office of Career and Technical Education, on efforts to better align workforce, education, and human services programs. Moore argued that WIOA, Perkins, and ESSA were designed to function as an integrated talent system, but that federal and state bureaucracy has kept them siloed. He said the Department of Labor and OCTAE are working on more integrated state plan guidance, including a 2026 plan modification timeline, combined Perkins/WIOA plans, and greater use of labor market information to align training with in-demand jobs and Workforce Pell.
Moore emphasized reducing overhead, cross-training staff, using common intake and integrated case management, and focusing on the “shadow labor force” of people facing benefit cliffs, child care barriers, or other obstacles to work. He repeatedly urged states to use waivers and flexibility where possible, to consolidate or streamline local workforce structures, and to hold programs accountable through measures such as labor force participation, training-related employment, retention, and cost per successful outcome. Members asked about the balance between flexibility and accountability, the role of employers versus postsecondary institutions, rural “training deserts,” state waivers, and data systems such as Mississippi Spark and Arkansas Launch. Moore said states should use technology and integrated intake to co-enroll eligible participants in multiple programs and better match people to jobs.
In response to questions, Moore said some federal rules cannot be waived, but many reporting and administrative requirements can be streamlined, and he encouraged Arkansas to propose ideas for waivers or state-level integration. He also discussed the need for enhanced wage records and state longitudinal data systems to improve workforce planning and economic development. After Moore’s presentation, DHS Secretary Janet Mann and Director Jay Hill gave a brief update on reimbursement rates, saying the department had compiled more than 100 public comments, recommended holding the current rate, and was awaiting executive review; they estimated the process could take 30 to 60 days. The committee then adjourned, noting a later audit presentation scheduled for the afternoon.
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 7 on Accountability and Oversight May 7th, 2025
Transcript Highlights:
- But that's sort of the other side of the ledger in terms ...of managing our overall fiscal volatility
Summary:
The Assembly Budget Subcommittee on Accountability and Oversight held a hearing on proposals to reform California’s Budget Stabilization Account, or rainy day fund, ahead of the May Revision. Members and witnesses reviewed how Proposition 2 (2014) changed reserve rules, including mandatory deposits, a 10% cap on the fund, and limits tied to the Governor’s declaration of a budget emergency. LAO staff explained that California’s revenues are highly volatile, that current reserve rules are complicated by interactions with Proposition 98 and the Gann limit, and that under current law reserves would cover only about one-third of funding shortfalls in a benchmark scenario over 50 years.
The LAO presented its report recommending a larger reserve target, including raising the cap to 50% by 2055 and pairing that with either broader, more flexible deposit rules or a simpler approach that deposits all excess capital gains. The Department of Finance described the Governor’s proposal to raise the cap from 10% to 20% and exempt BSA deposits from the state appropriations limit, while Assembly Member Valencia presented ACA 1, which would make similar changes and was described as an evolving proposal. Testimony generally supported saving more during boom years, but differed on how much to hardwire into the Constitution versus leave flexible, and on whether to broaden the deposit formulas beyond capital gains.
Public witnesses and committee members raised additional issues, including whether reserve reforms should also address debt repayment, the treatment of unemployment insurance fund debt, and whether the Gann limit should be adjusted to better allow reserve growth. Supporters argued that stronger reserves would protect Californians from cuts during downturns and help the state weather volatility and federal funding threats. Some advocates warned that reforms should not come at the expense of current public needs, while taxpayer representatives cautioned against turning the BSA into a pass-through account that weakens constitutional spending limits. The hearing ended without a vote, with the committee chair noting the complexity of the issue and adjourning after public comment.
CA
California 2025-2026 Regular Session
Senate Revenue and Taxation Committee Jun 24th, 2026
Revenue and Taxation
TX
Transcript Highlights:
- We are, if you don't know us, Texas's largest transmission and distribution utility.
- This year, we're going to spend over $7 billion on transmission and distribution investments.
- Next year, we're going to spend over $8.5 billion on transmission and distribution investments for the
- How much does that look like for the transmission distribution utility?
- I have to keep a separate ledger because I'm going to pay a capital gains tax on all the expenditures
Bills:
HB246, HB796, HB 1056, HB1544, HB1846, HB2001, HB2618, HB2625, HB2869, HB2898, HB3069, HB3114, HB3157, HB3228, HJR98, HB246
Keywords:
federal directives, state authority, Tenth Amendment, government enforcement, local governance, gold standard, legal tender, currency, transactional currency, financial transactions, electronic payment systems, state finance, regulatory compliance, electric trucks, charging infrastructure, advisory council, transportation, sustainability, criminal penalties, official information
NM
Transcript Highlights:
- So there's that side of the ledger too; it's not just the hits.