Video & Transcript Research : 'stability'
Page 15 of 273
NH
Transcript Highlights:
- stabilization stabilization uh<00:12:09.600>
through <00:12:09.839>the <00:12:10.079> <00:14:34.000>loan <00:14:34.399>to the new revenue stabilization loan to the new - Functionally, this would say that should Claremont apply for and be given a revenue stabilization loan
- against adequacy stabilization loan against adequacy funds<00:25:45.919>
that <00:25:46.159>- But if we're, you know, and there's stabilization language that you use or you reference, which I can
CA
California 2025-2026 Regular Session
Senate Budget and Fiscal Review Committee Jun 24th, 2026
Budget and Fiscal Review
Transcript Highlights:
- That's how we protect essential services and maintain long-term fiscal stability.
- And that pot of money is split into between putting money away in the Budget Stabilization Account and
- And that pot of money is split into between putting money away in the budget stabilization account and
- Half goes into the Budget Stabilization Account.
- And it would set aside more both for the Budget Stabilization Account as well as the debt payments.
MN
Minnesota 2025-2026 Regular Session
Minnesota House lawmaker proposes more funding for expanded emergency emergency housing 4/14/26
Minnesota House Floor Meeting
Transcript Highlights:
- shelter saving lives, please also remember that shelters are also the starting point for long-term stability
- important legislation because shelter saves lives while also being the starting point to long-term stability
- . stability. stability.
- 00:03:49.200>
find think what the individuals who find think what the individuals who find stability - at a shelter can do provided stability at a shelter can do provided the<00:03:52.760>
organizations
AR
Transcript Highlights:
- This is a budget stabilizing trust fund loan request.
- Arkansas Code allows the Office of State Technology to borrow from the budget stabilization trust fund
- This is a budget stabilizing trust fund loan request.
- Arkansas Code allows the Office of State Technology to borrow from the budget stabilization trust fund
- This is a budget stabilizing trust fund loan request.
Summary:
The committee met with a quorum, opened with a prayer recognizing the death of Reverend Jesse Jackson, and then worked through a series of appropriation and transfer requests. In Section B, it approved a $273,000 temporary appropriation for the Department of Labor and Licensing. In Section C, it approved two Infrastructure Investment and Jobs Act requests: $280 million for the Department of Transportation and $195 million for the State Broadband Office to support Arkansas BEAD broadband grants, including an extra help position. Members questioned the broadband awards, provider amendments, buildout timelines, accountability, and the status of unawarded locations; the broadband director said no provider had requested speed changes, awards would be monitored with milestone-based payments, and remaining locations would be addressed later as federal guidance is received. The committee also approved transfers in Section D, including $458,000 for the Department of Correction, $25 million for Department of Education programs such as declining enrollment and teacher incentive funding, and $229,000 for Shared Administrative Services project management support.
In Section E, the committee considered a $4.7 million budget stabilization trust fund loan for the Office of State Technology to implement ServiceNow and related IT modernization, cybersecurity, and governance tools. Members pressed agency officials on repayment, cost savings, and whether the loan would simply roll over existing costs; officials said repayment would come through agency rates over a five-year period and that the new payment would be lower than the current loan being retired. The committee voted to give favorable advice to the Governor on the loan request. In Section F, the committee reviewed cash fund requests for wage and hour claims, unclaimed property, and a heritage grant; in Section G, it reviewed a $1.1 million federal grant to expand college and career coaching in rural districts; in Section H, it reviewed pay plan and performance fund requests totaling millions across multiple agencies; and in Section I, it reviewed budget manual formatting changes.
The latter part of the meeting focused on reports, especially the Medicaid trust fund. DHS and DFA officials reported the fund balance had declined from prior years and was down to about $394 million after seven months, with further decline expected by year-end. Senators and representatives asked about the appropriate reserve level, the impact of pending Medicaid rules and legislation, FMAP changes, and whether additional funding would be needed in the upcoming budget. Officials said projections are updated regularly, more than 10 rule packages remain pending with CMS, and the governor and legislative leaders will discuss additional capital needs during budget development. Members also discussed the importance of balancing Medicaid spending with new federal funding and maintaining flexibility for critical areas such as labor and delivery. The committee then adjourned without further action on the reports.
FL
Florida 2026 Regular Session
FL House Floor Session - 2025-04-09 (1:00PM Session)
Florida House Floor Meeting
Transcript Highlights:
- the stabilization dollars.
- There's no need for an enrollment stabilization fund.
- offers and why our budget should be seeking to offer stability.
- This proposed budget brings stability.
- The way to stability is not giving more money to the government.
Summary:
The House convened with prayer, the Pledge of Allegiance, and a quorum present, then adopted the special order report and moved into a series of budget-related bills. The chamber first took up HB 5011/SB 2506 on environmental resource management and natural resources funding, where Democrats argued the bill would reduce recurring support for the Resilient Florida program, the Florida Wildlife Corridor, invasive species removal, and other conservation efforts. Supporters said the change would shift money from recurring to nonrecurring funding so the Legislature could reassess priorities each year and rely more on private-sector stewardship. After a strike-all amendment and conference posture change, SB 2506 passed 97-12. HB 5013, reducing state-funded property reinsurance reserves, passed 108-0, and HB 5501, redirecting documentary stamp tax distributions from housing and transportation trust funds into general revenue, passed 82-26 after extended debate over its impact on affordable housing and transportation funding.
The House also passed HB 5015 on state group insurance, which requires DMS to develop a formulary management system and was described as producing significant savings; members raised concerns about prescription access and implementation, but the bill passed 109-0. HB 5201 on state financial accounting and HB 5203 on the Capitol Center both passed unanimously, as did HB 5009, which creates a Florida Accountability Office and reorganizes audit functions. The chamber then passed HB 7031, a major sales tax reduction bill lowering the state sales tax rate and several related rates; supporters framed it as permanent relief for all Floridians, while opponents said property tax relief would be more meaningful and that the sales tax cut would also benefit tourists and out-of-state visitors. HB 7031 passed 112-0.
The House then began consideration of HB 501, the proposed fiscal year 2025-26 budget, totaling $112.9 billion and emphasizing reduced recurring spending and large reserves. Subcommittee chairs outlined their budget silos: K-12 education at $20.6 billion with teacher raises, school hardening, literacy, transportation stipends, and security funding for Jewish day schools; health care at $47 billion with full Medicaid and KidCare funding, opioid settlement spending, mental health beds, and senior services; transportation/economic development at $18.5 billion; agriculture and natural resources at $5.8 billion with reduced Everglades spending but continued water, resiliency, and land management funding; higher education at $8.7 billion; state administration at $2.9 billion; justice at $7.3 billion; and IT at $529 million for Florida PALM, FX, and other systems. Members then began questioning the K-12 budget, focusing on FEFP funding, proration, voucher growth, stabilization dollars, mental health and school safety funding, and whether districts would be held harmless under the proposed allocations.
MN
Transcript Highlights:
- in the um volatility and more stability in the um proxy<00:47:02.080>
of <00:47:02.280>the - The main emphasis of this bill is stability in funding, and secondarily, a reflection of the need for
- in funding, and secondarily, a stability in funding, and secondarily, a reflection<01:05:13.640>
- We simply cannot absorb these compounding hits without the stability of a hold harmless provision.
- <01:30:48.000>
while <01:30:48.200>the maintain stability while the maintain stability
MN
Minnesota 2025 1st Special Session
Committee on Housing and Homelessness Prevention - 03/20/25
Housing and Homelessness Prevention
Transcript Highlights:
- affordability and community stability affordability and community stability investments<00:04:32.160
- And it provided us stability.
- And it provided us stability.
- /c><00:53:46.319>
like <00:53:46.480>mine stability, allowing families like mine stability - <01:40:26.159>
in beg for their financial stability in beg for their financial stability in
HI
Hawaii 2026 Regular Session
HSH Public Hearing - Tue Feb 3, 2026 @ 9:00 AM HST
Human Services & Homelessness
Transcript Highlights:
- That gap period helps people stabilize and get back on their feet.
- And these numbers represent something truly deeper: stability, healing, and hope.
- The most stability, healing, and hope.
by stabilizing stabilizing this system by stabilizing stabilizing this system by addressing<01- , stabilization, stabilization, um um um and<01:07:34.400>
family <01:07:34.720>support.
Keywords:
HB1518, Hawaii SNAP, Supplemental Nutrition Assistance Program, food stamps, Department of Human Services, DHS, pre-release SNAP, pre-release application process, incarcerated individuals, prisoner reentry, reentry services, formerly incarcerated, jail release, prison release, recidivism, food security, benefits eligibility, controlled substance felony, drug felony, drug conviction
Summary:
The committee opened its first meeting of the 2020 session and heard testimony on several measures, beginning with HB 1518, which would allow people incarcerated and nearing release to apply for SNAP benefits before release. The Department of Corrections and Rehabilitation and the Department of Human Services said they support the bill and are already piloting a pre-release application process at two facilities, with plans to expand it. The Attorney General’s Office supported the intent but noted a technical issue: one section of the bill appears to affect TANF as well as SNAP, while the title refers only to SNAP. A wide range of advocates, including Catholic Charities, the Hawaii Public Health Institute, Hawaii Hunger Action Network, Drug Policy Forum of Hawaii, Hawaii Children’s Action Network, ACLU of Hawaii, and others, testified in strong support, emphasizing food insecurity after release, reentry stability, and reduced recidivism. The committee did not take a vote during the hearing.
The committee then heard HB 1747, which would direct the Department of Human Services to seek federal waivers or extensions related to restricting certain SNAP purchases, including sugary drinks. DHS said it had already been approved for a narrow demonstration waiver and was working with retailers on implementation, with a target date of August 1. Supporters of the measure argued it would promote healthier choices, while opponents, including Hawaii Appleseed, the Hawaii Public Health Institute, Hawaii Children’s Action Network, and the Hawaii Food Industry Association, said such restrictions are ineffective, stigmatize low-income residents, create burdens for retailers and DHS, and may be difficult to implement. Members asked DHS to clarify the scope of the waiver and confirmed it applies to sugary drinks and beverages containing more than 10 grams of sugar.
Finally, the committee took up HB 1705, which would allow licensed mental health counselors to serve as child custody evaluators, but there was no testimony from the relevant agencies and the item was quickly set aside. The committee also heard HB 1565, which would establish a judiciary working group to improve family court processes and legal representation for youth in the child welfare system. The Attorney General’s Office offered minor technical amendments, and supporters from the Office of Wellness and Resilience, High Hopes Hawaii, Hawaii Children’s Action Network, and a social work student described the need for legal representation, citing better reunification and stability outcomes and the importance of youth voice in court proceedings. No votes or final actions were taken in the portion of the meeting provided.
AL
Alabama 2026 1st Special Session
Alabama House Military and Veterans Affairs Committee Jan 28th, 2026
Military and Veterans Affairs
Transcript Highlights:
- This bill comes out of the Military Stability Commission.
- And if you think about what is the mission of the Military Stability Commission, to make Alabama the
- Chairman, I just want to ask if there's any way we can put with the Military Stability Commission executive
- put with ask if there's any way we can put with the<00:07:47.840>
military <00:07:48.319>stability - <00:07:48.960>
commission the military stability commission the military stability commission
Keywords:
economic development, incentives, transparency, compliance, Alabama Jobs Act, speedy trial, visiting judge, court administration, public interest, criminal justice, SB33, marriage, premarital class, conflict resolution, marriage license reform, probate judge, Administrative Office of Courts, AOC, domestic violence, intimate partner violence
KY
Kentucky 2025 Regular Session
Senate Standing Committee on State & Local Government (3-3-25)
Transcript Highlights:
- fairly steps to treat all teachers fairly andure<00:14:59.079>
Financial <00:14:59.600>stability - <00:15:00.519>
and <00:15:00.720>provide andure Financial stability and provide andure - Financial stability and provide account<00:15:01.680>
accountability <00:15:02.279>and - ensure transparency and accountability ensure Financial<00:15:15.800>
St <00:15:16.120>stability - <00:15:16.720>
without Financial St stability without Financial St stability without penalizing
Summary:
The Senate State and Local Government Committee met and first took up Senate Bill 193, described as a simple measure to restore a wallet card for jailers to carry when outside the jail. The chair noted the fiscal impact was essentially zero, there were no questions, and the committee voted to pass the bill 9-0.
The committee then heard Senate Bill 9, a proposal focused on the Teachers’ Retirement System (TRS). The sponsor argued TRS remains underfunded despite large state contributions, cited rising unfunded liability and negative cash flow, and said the bill is intended to standardize and limit what sick leave, personal leave, and annual leave can count toward retirement calculations. The bill would generally cap TRS retirement credit at 10 sick days and 2 personal days per year, prevent annual leave from being rolled into sick leave, require more uniform reporting and oversight from participating districts and agencies, and shift costs to districts that offer benefits beyond TRS limits. The sponsor also said the bill would add 30 maternity leave days, allow voluntary supplemental contributions for Tier Four teachers, and include a floor amendment directing the state auditor to audit TRS and report on agency leave policies.
During the presentation, the sponsor emphasized fairness, transparency, and accountability, and used a hypothetical high-salary administrator to illustrate how leave payouts can increase retirement benefits and create additional unfunded liability. Senator Mills thanked the sponsor and said members had been working to understand the issue, but no committee action on Senate Bill 9 was completed in the portion provided.
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Children, Families and Persons with Disabilities Jun 21st, 2026 at 01:00 pm
Joint Committee on Children, Families and Persons with Disabilities
Transcript Highlights:
- It's not just about what the money could buy; it's about what it represents: peace of mind, stability
- Peace of mind, stability, a sense of dignity, knowing that something is set aside for you, that your
- Obtained mental health care and transition into adulthood with dignity and stability.
- Ensuring counsel is informed is essential to protect young people's rights and stability.
- I'm here today because this legislation addresses a critical issue that affects the stability of the
Summary:
The Joint Committee on Children, Families, and Persons with Disabilities heard testimony on a wide range of bills affecting foster youth, child welfare oversight, homelessness services, juvenile justice, social work licensure, and human services workforce supports. Committee co-chairs Senator Robyn Kennedy and Representative Jay Livingstone opened the hybrid hearing by outlining testimony procedures and accessibility measures. Several members and legislators participated throughout the day, and many witnesses were invited to submit additional written testimony after speaking.
A major portion of the hearing focused on House 227/Senate 105, which would protect federal benefits owed to children in foster care. Supporters, including advocates from Hopewell, the Disability Law Center, CPCS, the Children’s Law Center, More Than Words, Friends of Children, and youth witness Onyx Rosario, said DCF had already ended the practice of taking most Social Security and SSI benefits and now conserves them in accounts for youth, but argued the policy should be codified to prevent future reversals. Witnesses described how conserved benefits help with basic needs, housing, education, transportation, and transition to adulthood, and several noted the bill also adds financial literacy and transparency requirements. Senator Joan Comerford and others said the change would protect vulnerable youth, especially children of color, LGBTQ youth, and youth with disabilities. The committee also heard testimony on House 225, which would expand the grandparents-raising-grandchildren commission by adding appointments and helping with quorum and representation.
The committee also took testimony on Senate 136, which would improve emergency housing assistance for families experiencing homelessness by easing documentation requirements, allowing use of existing state data to verify eligibility, requiring notice before benefit reductions, and creating an ombudsperson. Senator Adam Gomez and other supporters said the bill would reduce barriers for families in crisis. On House 262/Senate 148, an omnibus child welfare bill, witnesses supported provisions on data reporting, education coordination, and Office of the Child Advocate reforms, while CPCS raised concerns about expanded access to sensitive records and the OCA’s role in certain proceedings. The Office of the Child Advocate supported codifying current practices and also backed child fatality review changes in House 234/Senate 133. The committee additionally heard support for Senate 108, which would require attorneys and audio/video recording during juvenile custodial interrogations, and for House 247/Senate 116, which would update the Juvenile Justice Policy and Data Board to add supported lived-experience seats.
Finally, the committee heard competing testimony on Senate 135, a bill to ensure parity in social work licensure. SEIU Local 509 and supporters argued the current exam requirement disproportionately harms Black, Latino, multilingual, and multicultural applicants and worsens workforce shortages, while the Association of Social Work Boards opposed the bill, saying the exam is a necessary public-protection measure and that removing it would conflict with interstate compact efforts. The hearing also included testimony in support of a loan repayment program for human service workers, with providers and workers describing low wages, high student debt, and the need to retain staff in essential services. No votes or final committee actions were taken during the hearing itself.
MN
Minnesota 2025-2026 Regular Session
House Republican Fraud Committee Members Press Conference 5/15/26
Transcript Highlights:
- Just to give you one example of something that the fraud committee worked on, the housing stabilization
- Just to give you one example of something that the fraud committee worked on, the housing stabilization
- Just to give you one example of something that the fraud committee worked on, the housing stabilization
- Just to give you one example of something that the fraud committee worked on, the housing stabilization
- Just to give you one example of something that the fraud committee worked on, the housing stabilization
Summary:
House Fraud Prevention and State Agency Oversight Committee Chair Kristen Robbins opened the meeting by explaining that the committee’s majority report had been released after the minority declined to file a minority report, though the minority later issued a statement. She said the report reflects two years of work aimed at exposing fraud, strengthening internal controls, and creating a whistleblower portal, mnfraud.com, which will remain open during the interim to receive and review tips.
Robbins and several Republican members described the report as documenting how fraud in Minnesota began with earlier CCAP-related schemes and then expanded into Feeding Our Future and other programs, including housing stabilization, autism services, sober homes, adult day care, assisted living, non-emergency medical transportation, and interpretive services. They argued that fraud was enabled by weak oversight, a culture of inaction, and retaliation against whistleblowers, and said the report includes findings and recommendations for future reforms. Members also highlighted bipartisan bills already passed to strengthen whistleblower protections, internal controls, and fraud reporting.
Representative Pam Altendorf and others praised the report and said it exposed widespread misuse of public funds, citing housing stabilization and autism services as examples of programs with rapidly growing costs and weak oversight. Representative Isaac Schultz said the committee had uncovered “industrial-scale” fraud and that the state had failed to hold agencies accountable. He and Robbins said the new Office of Inspector General, created by legislation passed this session and set to begin in January, will have broad authority to investigate public dollars and, later, police powers; they also noted a salary-setting provision for the office would be added to a state government bill. The members said the next governor will need to change the culture of state agencies and enforce accountability.
OK
Oklahoma 2026 Regular Session
General Government REVISED: HB4434 - Added Feb 17th, 2026 at 01:30 pm
General Government
Transcript Highlights:
- We've been really blessed with the housing stability program that Representative Wallace was and with
- the housing stability program that Representative Wallace was insightful enough to put that in place
- can really create a positive and very robust housing ecosystem that not only includes the housing stability
- Also, in line with our affordable and workforce housing needs in the housing stability program that was
- what this does is it overlays the needs assessment tool onto the decision-making of how the housing stability
Keywords:
housing, legislative committee, affordable housing, Oklahoma Housing Finance Agency, policy improvement, HB4414, Oklahoma Homebuilder Program, OHFA, single-family housing, homebuilder loans, 0% interest loan, housing finance, workforce housing, Legislative Workforce Housing Committee, housing needs assessment, community housing assessment, disaster recovery housing, federally declared natural disaster, rural housing, urban housing
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Ways and Means Jun 21st, 2026 at 10:00 am
Joint Committee on Ways and Means
Transcript Highlights:
- It's about how we invest in care, stability, access, and opportunity across the Commonwealth.
- We strengthen the Massachusetts economy and the sustainability and stability of our health systems.
- MCDH plays a stabilizing role across the health and human services ecosystem.
- Housing stability continues to be a major priority.
- The budget affirms the administration's commitment to support and stabilization services.
Summary:
The hearing was a FY27 budget session on Health and Human Services held in Mattapan, hosted by the Joint Committee on Ways and Means. Opening remarks from Senator Lydia Edwards, Representative Brandy Fluker-Reed, Representative Russell Holmes, and Boston Public Library President David Leonard emphasized the significance of holding the first Ways and Means hearing in Mattapan, the importance of community access, and the role of libraries as human services institutions. Committee members and attendees introduced themselves before agency testimony began.
MassAbility testified first, describing its mission to support people with disabilities through employment, independent living, and disability determination services. The agency highlighted federal funding uncertainty, a modest FY27 budget reduction, and a proposed reworking of its home care program, which it said is outdated and should better target those most in need. Members questioned the home care cut, staffing reductions, and federal coordination. MassAbility also shared a participant story about recovery and community support to illustrate the impact of its services.
The Massachusetts Commission for the Deaf and Hard of Hearing then presented its FY27 request, focusing on interpreter and captioning access, workforce development, emergency communication, aging-related hearing loss, and transition services for deaf and hard-of-hearing youth. Members asked about interpreter shortages, after-hours emergency coverage, ASL education, and community training; the commission said it is expanding mentorship and referral systems but still faces staffing and vendor challenges. The Massachusetts Commission for the Blind followed with a $30.8 million request, describing services for nearly 9,000 consumers, peer support groups, vocational rehabilitation, and Turning 22 services, while noting federal funding uncertainty and a 7% budget cut. Members raised concerns about maintaining services with fewer resources, and the commissioner said the agency had trimmed overhead and could manage the proposal.
The Office for Refugees and Immigrants closed the segment, outlining expanded legal, housing, workforce, citizenship, and financial literacy supports for immigrants and refugees, including Know Your Rights trainings, legal defense initiatives, and the Massachusetts Access to Counsel Initiative. Members discussed the effects of federal policy changes, the loss of refugee resettlement funding, and the need for state support to fill gaps. No votes were taken in the portion provided; the hearing consisted of agency presentations and committee questioning.
FL
Florida 2026 5th Special Session
FL House Floor Session - 2025-04-09 (1:00PM Session)
Florida House Floor Meeting
Transcript Highlights:
- stabilization dollars.
- the stabilization dollars.
- There's no need for an enrollment stabilization fund.
- be seeking to offer stability.
- This proposed budget brings stability.
Summary:
The House convened with prayer, the pledge, quorum call, and several recognitions, including guests for Education and Sharing Day, law enforcement officer of the day Detective Miata Anderson, and later FAMU Day at the Capitol and other visiting groups. The chamber adopted the special order report and then moved through a series of budget-related bills and conforming measures, with debate focused largely on recurring funding, environmental programs, housing, insurance reserves, and tax policy.
Members approved HB 5011/SB 2506, which conform environmental resource funding to the proposed budget by shifting Seminole Gaming Compact-related dollars from recurring to nonrecurring funding; supporters said this preserves annual legislative review, while opponents warned it would reduce funding for the Resilient Florida program, wildlife corridor protection, invasive species removal, and other conservation efforts. The House then passed HB 5013, reducing state-funded property reinsurance reserves by lowering the RAP program and repealing FORA funding, and HB 5501, which redirects documentary stamp tax revenues from housing and transportation trust funds to general revenue; Democrats argued the housing changes would reduce affordable housing support, while Republicans said the move was needed to control recurring spending. The chamber also passed HB 5015 on state group insurance, HB 5201 on Florida PALM accounting conforming changes, HB 5203 on Capitol Center tenancy and utilities control, and HB 5009 creating a Florida Accountability Office and revising audit and budgeting functions.
The most extended debate came on HB 7031, which permanently reduces the state sales tax rate from 6% to 5.25% and also lowers several related tax rates. Supporters described it as broad-based, immediate tax relief for Floridians, while opponents said property tax relief would be more targeted and that sales tax cuts also benefit tourists and out-of-state visitors. The bill passed 112-0. The House then took up the main budget bill, HB 501, and subcommittee chairs outlined the proposed $112.9 billion budget, including education, health care, transportation, agriculture and natural resources, higher education, state administration, justice, and IT spending. Members began questioning the pre-K-12 budget on school funding, vouchers, proration, mental health and safety allocations, and inflation, with the discussion continuing beyond the excerpt provided.
MN
Minnesota 2025-2026 Regular Session
Committee on Housing and Homelessness Prevention - 03/04/25
Housing and Homelessness Prevention
Transcript Highlights:
- to help more families build generational wealth again, to set that strong foundation for housing stability
- improved health and housing stability improved health and education<00:05:10.960>
outcomes <00 - Homeownership remains one of the most effective pathways to economic stability and generational wealth
- This funding has resulted in expanded access to homeownership, stability, education for home buyers,
- Owning a home is one of the most significant steps toward financial stability and generational wealth
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 3 on Education Finance Feb 10th, 2026
Transcript Highlights:
- The one-time funds are an asset for addressing long-term stability, investing in long-term standing and
- ongoing. an asset for addressing long-term stability, investing in long-term standing and ongoing priorities
- the fact that we put money in, take money out, it just seems like it makes it very difficult for stability
- A couple of questions about the stabilization accounts for Department of Finance.
- ...a possible voluntary contribution into the stabilization account. Advice.
Summary:
The Assembly Budget Subcommittee on Education Finance held its first hearing of the year on Proposition 98, focusing on the Governor’s budget estimates for the three-year budget window, the Public School System Stabilization Account (PSSA), and repayment of education deferrals. The Department of Finance said the minimum guarantee would rise by about $21.7 billion over the 2025 Budget Act, with increases in each year, full repayment of the existing settle-up obligation in 2024-25, a new $5.6 billion settle-up obligation proposed for 2025-26, and a higher guarantee in 2026-27. Finance also noted revised downward estimates for transitional kindergarten attendance and Los Angeles County property tax reimbursements, and said community colleges would be funded above the split because of enrollment growth.
The Legislative Analyst’s Office emphasized fiscal risk and volatility, warning that recent revenue gains are tied heavily to the stock market and tech sector and could reverse quickly. The LAO argued the Governor’s proposed $5.6 billion delay shifts risk into future years and recommended instead fully funding the current estimate, making a larger reserve deposit, considering advance payments or pension-related uses, and finding additional non-Prop 98 solutions to reduce the state’s structural deficit. On the reserve and deferral items, Finance described revised PSSA deposits and withdrawals that would leave about $4.1 billion in the reserve by 2026-27, and both Finance and the LAO supported paying off the remaining LCFF and SCFF deferrals as good fiscal practice.
Committee members questioned the size of the settle-up amount, the degree of revenue volatility, the use of the reserve, and the ongoing K-12/community college split. Finance said the proposal is meant to avoid overappropriation if revenues fall, while the LAO said a buffer of roughly $3.5 billion would address typical forecasting risk. Public commenters, including school boards, county offices of education, teachers, and advocacy groups, largely opposed the $5.6 billion withholding or settle-up delay, calling it a manipulation of Prop. 98 and urging full funding and more stable revenue solutions. Several speakers also urged dedicated funding for students experiencing homelessness. The hearing ended with no vote, and the chair announced that broader program discussions would occur in later hearings.
NM
New Mexico 2025 Regular Session
IC - Investments and Pensions Oversight Sep 12th, 2025
Investments & Pensions Oversight Committee
Transcript Highlights:
- So, it's one of the two main reserves that we think of as true reserves: that and the tax stabilization
- Our gateway, most importantly, is on page 9, the Tax Stabilization Reserve.
- So, if you turn to page 10, you can see the flow chart for this stabilization reserve, the Tax Stabilization
- As long as reserves are under 25%, they'll go into the Tax Stabilization Reserve (TSR).
- The two true reserves, I'll say, are the Operating Reserve and the Tax Stabilization Reserve (TSR).
MN
Minnesota 2025 1st Special Session
House Floor Session 5/18/25 - Part 1
Minnesota House Floor Meeting
Transcript Highlights:
- housing so that we can create stability housing so that we can create stability for<00:40:03.040
- It gives the idea of stability<00:44:31.920>
and <00:44:32.160>as <00:44:32.400>we - and grow and have keep that stability and grow and have economic<01:07:43.359>
security. - <01:16:46.080>
Thank can return stability to our state. - Thank can return stability to our state.
MN
Minnesota 2025-2026 Regular Session
House DFL Press Conference 5/11/26
Transcript Highlights:
- This is about economic survival and stabilization for the entire state. Fear changes behavior.
- This is about economic survival and stabilization for the entire state.
- And we need a long-term strategy to help rebuild trust and bring economic stability back to Minnesota
- And we need a long-term strategy to help rebuild trust and bring economic stability back to Minnesota
- stability elsewhere. stability elsewhere.
Summary:
House and Senate DFL lawmakers held a Capitol news conference to press for a $100 million small business relief package in response to the economic fallout from Operation Metro Surge and related ICE enforcement activity. Representatives Cedrick Frazier and Jay Xiong, along with Senator Susan Pappas and other supporters, said the enforcement surge caused widespread fear, reduced customer traffic, lost wages, and closures for immigrant-owned and other small businesses in Minneapolis-St. Paul and greater Minnesota. They argued the state has a history of providing disaster-style aid when communities are harmed through no fault of their own and said this situation warrants similar action.
Business and community testimony described specific losses: a Willmar restaurant closed after both parents were detained, a North Mankato grocery store opening was delayed, The Coven reported a 33% revenue drop at two locations, and Lake Street businesses were said to have lost substantial revenue and staff. Speakers said the damage affected workers, landlords, suppliers, and neighborhood corridors statewide, and several emphasized that the relief should come as grants or forgivable loans rather than additional debt. They also criticized House Republican leaders for tying the relief to changes in paid family leave and for blocking a public hearing.
In response to questions, Frazier said negotiations were ongoing through committee chairs and conference committee, with the issue still being discussed in broader leadership talks. He said the House would need only one Republican vote in committee and on the floor to advance the measure, and identified Chair Baker as a possible supporter because of harm in his district. Speakers said the Senate has already passed the relief and urged the House to act quickly before the end of session.