Video & Transcript Research : 'Inflation'

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MN

Minnesota 2025 1st Special Session

House Human Services Finance and Policy Committee 2/11/25

Human Services Finance and Policy

Transcript Highlights:
  • inflation catch-up for 2027, effective for January 1, 2026, has a $72 million impact in fiscal years
Keywords: 1183, house
NH
Transcript Highlights:
  • hit in a time when revenues are just finally starting to stabilize and come back after the high inflation
  • , again, while I think we've seen some good revenue increases and revenue recovery from the high inflation
Summary: The meeting began with unanimous committee approval of amendment 2026-2021S to HB 2. Senator Lang explained the amendment corrected a drafting error so that $2.5 million in state funds, matched with federal money for a total of $5 million, could be spent during the biennium rather than lapse at the end of the fiscal year. The money is intended to stabilize Medicaid per diem rates for county nursing homes, and members agreed without objection to adopt the amendment and continue working from the bill as amended by the Senate. The committee then discussed HB 155 and a proposed amendment, 2026-201H, dealing with the business enterprise tax. The House side described the proposal as a compromise that would raise the filing threshold from $250,000 to $375,000 and create a trigger that would reduce the BET rate by 0.05% for each $100 million in combined business tax surplus, down to a floor of 0.25%. Senate members opposed lowering the rate at this time, arguing that tax relief should focus on the filing threshold, which they said would remove filing burdens for about 3,500 small businesses, and that rate cuts should be considered in a budget cycle rather than an off-year. Concerns were raised that one-time revenues, such as tax amnesty receipts or federal repatriation-related surpluses, could unintentionally trigger reductions. Representative Sweeney later offered a revised approach by moving the effective date of the trigger mechanism to January 1, 2028, and said he was also willing to carve out tax amnesty revenues or adjust the effective date to avoid using one-time funds. The Senate remained unwilling to agree to a rate reduction, though it expressed openness to raising the filing threshold further. The committee ultimately did not resolve the business tax issue and recessed to continue discussions at a later time. The final item discussed was HB 1102, concerning an increase in the research and development tax credit paired with changes to state park fees. House members supported the R&D credit increase but opposed tying it to higher park fees, citing concerns about tourism, especially at border parks, and noting that the Department of Natural and Cultural Resources had said it did not need the increase. Senate members defended the park fee changes as a fairness issue, arguing that New Hampshire residents should pay less than out-of-state visitors and that the department had not raised rates in many years. No vote was taken on this item during the discussion captured here.
TX

Texas 89th Regular

89th Legislative Session May 8th, 2025 at 10:05 am

Texas House Floor Meeting

Transcript Highlights:
  • This amendment just simply defines balloon as a bag of inflatable material made of Mylar.
  • We're now talking about not having enough money to continue to give our schools for inflation, that's
Summary: The House convened with a quorum, received the invocation and pledges, and heard several announcements and recognitions before moving into floor action. Members honored the University of Texas Rio Grande Valley chess team for winning a share of the 2025 President’s Cup, recognized educator Jessica Lopez, and paid memorial tribute to Jennifer Maddenly, along with recognitions for Jeanette Valdez Duran’s food pantry work, TAMACC’s 50th anniversary, and Bernardine Steptoe’s retirement from WFAA. The House also granted permission for committees to meet while the House was in session, set a local consent calendar, and suspended posting rules for a Public Health Committee hearing on SB 2721. The chamber then considered a long series of Senate and House bills, with many passing on record votes. Measures addressed local law enforcement authority (SB 906), veterans highway designation (SB 1229), foster care medical billing (SB 855), massage therapy trafficking safeguards (SB 703), tax ballot language (SB 1025), occupational licensing for people with convictions (SB 1080), lien deadlines (SB 929), liquor sales complaints (SB 1355), higher education application fee waivers (SB 2231), utility data access (SB 1877), pediatric preceptorships (SB 1998), and several House bills on bond forfeiture notice, health workforce coordination, indigent civil commitment representation, consumer transaction cancellations, bird dispersal rules, theft venue for digital property, military grant applications, AI cancer-detection grants, cybersecurity contract language, in-state tuition for military-related programs, utility capital recovery, energy waste advisory oversight, gas utility rate recovery, psychedelic therapy study, teacher retirement funding transparency, pension changes, tax payment plans, and voter registration security. Some measures drew notable debate or amendments, including HB 5247, where a ratepayer-credit amendment failed, and HB 2298, HB 4014, HB 510, HB 561, HB 1128, HB 1904, HB 30, HB 200, HB 3045, and HB 5111, which all passed after recorded votes with varying margins. A major point of contention was SB 2420, the app store age-verification bill, which prompted extended debate over whether the bill should also require app developers to verify users’ ages. Representative Bryant offered an amendment to preserve developer verification obligations, arguing the bill would otherwise shift responsibility away from app makers; the author opposed it, saying the bill’s approach was more workable and raised concerns about First Amendment issues. Multiple points of order were raised and withdrawn during the debate, and the amendment discussion remained unresolved in the excerpt. The House also postponed further consideration of SB 17, SB 552, and SB 2420 at different points, and recessed for lunch after completing a large block of third-reading votes.
TX

Texas 89th Regular

Judiciary & Civil Jurisprudence Apr 23rd, 2025 at 10:04 am

Judiciary & Civil Jurisprudence

Transcript Highlights:
  • With today's inflation rate, you know that the cost is growing rapidly.
  • With today's inflation rate, you know that the cost is growing rapidly.
Summary: The committee heard testimony on several bills affecting civil practice, judicial conduct, and attorney regulation. HB 4961 and the similar HB 3095 would bar uninsured motorists from recovering non-economic damages after a collision, with HB 3095 also addressing certain exceptions and limiting economic damages in some cases. Supporters said the measures would encourage insurance coverage and fairness for insured drivers, while opponents argued they would unfairly punish injured people who were not responsible for the lack of insurance, including pedestrians, passengers, children, and others. HB 3095 drew constitutional concerns from witnesses, and the committee later withdrew the committee substitute and left the bill pending; HB 4961 was also left pending after questions about its scope, including passengers. HB 5570 would expand a continuing legal education exemption to attorneys appointed by the governor and confirmed by the Senate who serve on boards or commissions. The author and witness said the bill would free up time for public service while still requiring ethics training. A committee member raised a discrepancy in the number of attorneys covered, and the bill was left pending. HB 2969 would prohibit the State Bar from adopting rules or penalties that unreasonably burden attorneys’ religious exercise or free speech, especially in relation to sincerely held religious beliefs. Supporters framed it as a protection for lawyers of faith against an ABA-style speech code, while no one testified in opposition; the bill was left pending. HB 4260 would prohibit county judges and county commissioners from practicing law in courts over which they have jurisdiction. The author described it as an ethics measure to avoid conflicts of interest, but county officials and the County Judges and Commissioners Association opposed it, saying existing ethics rules already address conflicts and that the bill would impose hardships, especially in rural counties. The bill was left pending. HB 4388 would require all judges, including those who serve only in administrative roles, to remain subject to the Code of Judicial Conduct; supporters said some judges avoid discipline by relinquishing judicial functions, while opponents said the bill was unnecessary and could burden county judges who serve as administrators. It was also left pending. The committee also heard HB 5134, which would limit Rule 202 pre-suit depositions to people who have suffered or reasonably expect to suffer actual damages and allow attorney’s fees against abusive petitioners. The author said the bill would curb harassment and fishing expeditions, but members questioned how the standard would work in practice; the bill was left pending. Finally, HB 3964 would narrow common-law public nuisance claims by barring suits over lawful conduct, conduct already addressed by other remedies, and products, while preserving other causes of action. Supporters said the bill would prevent regulation through litigation and protect legislative authority; opponents said it would eliminate important remedies and that no Texas abuse had been shown. The author indicated he would revise the bill, and it was left pending.
MN

Minnesota 2025-2026 Regular Session

House Energy Finance and Policy Committee 3/27/25

Energy Finance and Policy

Transcript Highlights:
  • sub-Saharan Africa or regions like Minnesota in the United States, where long-distance transportation inflates
  • value, numerous organizations have and will show the cost that Xcel assigns to community solar are inflated
Bills: HF2103, HF2793
NH

New Hampshire 2025 Regular Session

House Finance Division II (02/05/2025)

Transcript Highlights:
  • Do you have a sense of the cost of inflation between when the building proposal is sent to you and the
  • Inflation has been somewhat more significant now than it has been in the past.
Keywords: 928, house, all
Summary: The Finance Committee Division II met with the New Hampshire Department of Education to review school nutrition programs and related funding. Department staff Melissa White and Kelly Rambo walked through a packet covering the National School Lunch Program, Fresh Fruit and Vegetable Program, Community Eligibility (CEP), After School Snack Program, Child and Adult Care Food Program, and Summer Food Service Program, explaining that these are federally funded USDA programs, with some state supplemental funding in certain areas. They also reviewed reimbursement rates for lunch, breakfast, child/adult care, and summer meals, noting that summer rates follow calendar-year timing while most others follow the state fiscal year. Members asked several questions about how the funding works, especially the difference between federal reimbursements and the state match. Staff explained that the state lunch line in the budget is a fixed match amount tied to federal participation, while breakfast funding is broken out by meal type and reimbursement category. They also discussed why FY 2022 federal spending was much higher during COVID, when USDA covered meals at the free rate for all students, and why FY 2023 and FY 2024 dropped as normal income-eligibility rules returned. A committee member also asked about the “severe need lunch” two-cent rate, and staff said they did not know USDA’s formula. A substantial portion of the meeting focused on summer meals and the distinction between the Summer Food Service Program and Summer EBT. Staff explained that SFSP provides meals at approved sites, which can be open or closed sites, while Summer EBT is a separate DHHS-operated benefit program that provides funds to families. They said some schools or sites may not qualify under USDA rules, but eligible children can often use another nearby open site, and the department posts an interactive map and phone line to help families find locations. The committee also discussed the Community Eligibility Provision. Staff said New Hampshire currently has three CEP schools, that the eligibility threshold had recently been lowered from 40% to 25% identified students, and that the program allows participating schools to offer free meals to all students while the local district covers the non-federal share. Members asked whether any districts in the 25% to 40% range had joined; staff said no. The department offered to provide the eligibility report in Excel and noted that the CEP intent is to reduce application burden, though the lower threshold can make the local cost share harder for some districts to absorb.
MN

Minnesota 2025-2026 Regular Session

Committee on State and Local Government - 01/23/25

State and Local Government

Transcript Highlights:
  • Have they been adjusted for inflation during what was a very highly inflationary four-year period?
  • They're not adjusted for any inflation. Okay, thank you.
Keywords: 1187, senate, all
HI

Hawaii 2026 Regular Session

WAM-EDU Informational Briefing 01-16-2026

Hawaii Senate Floor Meeting

Transcript Highlights:
  • So that's where if you took some of that money, since there it's like slightly inflated for the commission
  • So that's where if you took some of that money, since there it's like slightly inflated for the commission
  • 18.080> So >> That's where if you took some of that money, since there it's like slightly inflated
  • So that the in—I don't want to describe it that way, but I don't know another word—but for the inflated
  • > So that the in—I don't want to describe it that way, but I don't know another word—but for the inflated
Keywords: 912, senate, all
US

US Federal 2025-2026 Regular Session

US House Floor Proceedings (Monday, December 1, 2025)

US Federal House Floor Meeting

Transcript Highlights:
  • and friends, I'm grateful that under the leadership of President Donald Trump, America is beating inflation
  • Inflation has dropped almost half. Gas prices are at the lowest level in four years.
  • <02:11:59.920> Inflation<02:12:00.400> has<02:12:00.560> dropped American families
  • Inflation has dropped American families. Inflation has dropped almost<02:12:01.280> half.
NH

New Hampshire 2025 Regular Session

House Finance Division I (03/24/2025)

Transcript Highlights:
  • business tax revenues than we were when the rates were higher, even when you can scale it out due to inflation
Keywords: 928, house, all
Summary: The committee first took up House Bill 733, a third-party litigation financing reporting bill. Representative Cole explained that the bill shifts reporting from the Secretary of State to the courts, which he said removes the fiscal note and helps insurers obtain information for underwriting and premium-setting. The committee accepted the explanation and voted ought to pass; the roll call was 8-0 in favor, with one member taking a pause. The committee then heard House Bill 219, dealing with the renewable portfolio standard and the renewable energy fund. Representative Bose argued the bill would reduce electricity costs by lowering the REC purchase obligation from 220,000 to 170,000, which he said would reduce payments into the renewable energy fund by roughly $1 million to $2 million and save consumers only pennies a month. After questions about timing and whether to wait for a DOE report, the committee voted to retain the bill for further discussion rather than advance it; the motion to retain passed 5-4. House Bill 365 was then discussed as an election-related bill intended to help verify citizenship for voter registration and create a voucher process for people who cannot afford a birth certificate. The sponsor said the Secretary of State may be able to use federal and state databases to verify citizenship, and if not, indigent applicants could receive a voucher reimbursed by the state, with a $25,000 appropriation included. Members raised concerns about the Secretary of State’s access to databases and the bill’s timing and cost, and the committee decided to hold the bill until Secretary Scanlan could come testify. Finally, the committee heard House Bill 552, which updates retiree health coverage rules so dependent children can remain on the plan until age 26, consistent with the Affordable Care Act. DAS officials said retirees pay the full cost for dependents, about $1,000 per month, while the state covers only the retiree and spouse. The committee voted ought to pass unanimously, 9-0. The committee then began discussion of House Bill 572, a housing bill aimed at missing-middle housing, describing a voluntary program to identify developable public land, support construction, and streamline review, but the transcript cuts off before any action on that bill.
MN

Minnesota 2025-2026 Regular Session

Senate Floor Session - 05/12/26

Minnesota Senate Floor Meeting

Keywords: 1187, senate, all
MD

Maryland 2026 Regular Session

Senate Floor Session, 4/13/2026 #2

Maryland Senate Floor Meeting

Transcript Highlights:
  • House Bill 1532, the Speaker Utility Relief Reducing Energy Load for Inflation Conference Committee Report
  • load<00:12:57.279> for relief reducing energy load for relief reducing energy load for inflation
  • inflation conference committee report. inflation conference committee report.
Summary: The Senate reconvened with a quorum and first honored Nancy Crawford with a resolution recognizing her 46 years of state service, including 20 years as Senator Pam Beidle’s chief of staff. Senator Beidle then spoke at length about her own retirement plans and public service, reflecting on her career in the House and Senate, her work on the Finance Committee, and thanking her staff and colleagues. The chamber unanimously journalized the remarks. The Senate then moved into business on House and Senate messages, including House Bill 139 and Senate Bill 311, and adopted a conference committee report on House Bill 1532, the Utility Relief/Reducing Energy Load for Inflation measure. The report was described as a broad energy and utility package that had already passed the Senate 38-4 and was said to address short-, medium-, and long-term issues, including rate relief, in-state generation, data center policy, consumer transparency, and low-income utility assistance. During debate on the conference report, the majority leader explained several changes from prior versions: no legislative ban on forecast test years, instead deferring to the Public Service Commission; removal of gas programs from Empower to avoid inequities across service territories; modest opening of the retail supply market with guardrails; and rejection of some floor amendments, including a gas line extension provision and a study amendment. The minority leader argued the bill offered only limited relief, focused too much on talking points and short-term savings, and said many bipartisan amendments were not retained. The majority leader responded that the bill would save ratepayers real dollars through provisions on utility adders, executive bonuses, FERC-related returns, and new generation, and urged adoption of the conference report.
AL

Alabama 2026 Regular Session

Alabama Senate Apr 9th, 2026

Alabama Senate Floor Meeting

Transcript Highlights:
  • Price of eggs are going up, the price of bread is going up, inflation is going up.
  • bread<06:13:49.080> is<06:13:49.200> going<06:13:49.480> up,<06:13:49.600> inflation
  • <06:13:50.120> is<06:13:50.240> going bread is going up, inflation is going bread is
  • going up, inflation is going up.
Keywords: 920, all
Summary: The Alabama Senate convened with prayer, the pledge, and a quorum present, then adopted a resolution honoring Dr. Todd Freeman, Superintendent of Vestavia Hills City Schools, as Alabama Superintendent of the Year. Senators praised his leadership in public education and noted the recognition was especially meaningful as one of the last such honors in the current chamber. The Senate also adopted a resolution commending the 2026 Alabama Law Institute Senate interns for their service, and members offered personal remarks thanking the interns and encouraging them to remain and contribute to Alabama in the future. The chamber then took up several conference committee and House messages. The Senate concurred in the conference report on Senate Bill 341 after extended remarks, and later concurred in the conference report on Senate Bill 32, described as a veterans-related bill that would make benefits automatic for those under the federal poverty level and allow cities and counties to opt in for veterans above that level. The Senate also received House amendments to Senate Bill 199, concerning sex offenders, and voted to non-concur and send the bill to conference, naming conferees. In resolutions from the Rules Committee, the Senate adopted an amended House Joint Resolution 198 establishing the Alabama Mental Health Task Force. It also adopted House Joint Resolution 326, which recognizes the need for a north-south transportation route in East Alabama. Throughout the meeting, senators made extended floor remarks about slowing down on legislation, focusing on rural hospitals and other priorities, and the importance of treating children, seniors, and low-income residents fairly.
MD

Maryland 2026 Regular Session

House Floor Session, 3/17/2026 #1

Maryland House Floor Meeting

Transcript Highlights:
  • It ensures that electric bills of the regulated utility are not arbitrarily inflated to the benefit of
  • > arbitrarily regulated utility are not arbitrarily regulated utility are not arbitrarily inflated
  • inflated to the benefit of a supplier. inflated to the benefit of a supplier.
Summary: The House opened with prayer, a quorum call showing 116 members present, and approval of the previous day’s journal. It then took up three ceremonial resolutions. One honored Robert Buchanan for his philanthropy, community leadership, and service in the greater Washington region; another welcomed a visiting delegation from County Tipperary, Ireland, and recognized efforts to strengthen Maryland-Ireland ties; and a third congratulated Dr. Miriam Rogers on her retirement as superintendent of Baltimore County Public Schools and her 2026 Woman in School Leadership Award. The chamber then moved through a series of committee reports, largely adopting favorable reports on bills without objection and ordering them to third reading. Measures included House Bills 435, 954, 1087, 1470, 936, 1110, 1554, 187, 324, 688, 776, 1152, 1320, and 1348, covering topics such as movie captioning in public accommodations, procurement and finance, health care facilities, school food procurement, tax foreclosure notice requirements, agricultural electricity tax study, expungement, child support rights, intercepted communications penalties, juvenile supervision, police orders studies, victim notification, and human trafficking reporting. Several bills were amended before being advanced, including House Bill 768 on benefits for children in custody, which added a foster youth savings program; House Bill 877 on institutional debt reporting, which changed reporting dates and required a data dictionary; House Bill 1092 on child advocacy centers, which clarified continuity-of-care standards and technical assistance grants; House Bill 310 on restrictive housing for people with developmental or intellectual disabilities, which required assessment at admission; House Bill 634 on police training, which added training on intellectual and developmental disabilities; House Bill 750 on access to religious facilities; House Bill 752 on gift card valuation and forgery; House Bill 1005 on child abuse and neglect reporting; and House Bill 1105 on consumer protection limitations, which was amended to apply only to civil suits. House Bill 1105 drew additional discussion, with the minority leader asking for a special order to review the changes, and the House agreed to postpone it until the appropriate time the next day. Later, House Bill 953, which would authorize transfers from the Revenue Stabilization Account to the State Disaster Recovery Fund, prompted extended questioning about Western Maryland flooding, FEMA denials, and the state’s response; the bill was presented as a way to provide relief after federal aid was denied. The transcript ends with the House still in session and continuing through the appropriations report.
NH

New Hampshire 2025 Regular Session

House Education Funding (02/11/2025)

Transcript Highlights:
  • That's the difference, the inflation factor, basically, between the $75 million for 2017 and the $82,600,000
  • :55:27.360> the<04:55:27.600> difference<04:55:28.040> the<04:55:28.200> inflation
  • 7,643 is the difference the inflation 7,643 is the difference the inflation Factor<04:55:29.160>
Keywords: 928, house, all
Summary: The committee first discussed HB 443, which would change terms and vacancy language for members of a higher education commission. Members raised concerns that the bill was too narrow to address broader issues with commission membership, including expired appointments, attendance expectations, and whether the Department of Education could replace the commission’s role. Several members suggested the bill was not ready for action and favored holding it for further work, possibly through a subcommittee or work session. One member suggested that if attendance standards were added, no more than two unexcused absences should trigger removal, given the commission’s meeting schedule. The chair said he would defer action and form a small subcommittee to report back before the committee deadline. The committee then moved to HB 484, dealing with repurposing Career and Technical Education classroom space after 20 years of exclusive use. The chair explained that the bill was aimed at the Milford CTE project, where shared use of space could allow a school to repurpose part of a CTE facility while still using it for CTE-related instruction. Members discussed other possible situations around the state, including Claremont, North Conway, and Jaffrey/Rindge, and whether the bill should be limited to Milford or broadened to allow local districts more flexibility. Some members favored passing the bill now to help CTE projects move forward, while others argued for an amendment removing the requirement that the space be vacated specifically to expand the CTE program occupying it. Testimony and discussion emphasized that the Milford project had state approval but reduced funding, requiring a smaller scope and repurposing of existing space. Supporters said the bill could help preserve CTE programs while also benefiting general education space needs, and that local districts should have flexibility after 20 years. Opponents or cautious members noted that the language might not fit every district situation and asked for feedback from Director Beard and Steve Rothenberg before final action. The committee did not take a final vote in the portion provided, and instead discussed waiting for an amendment and additional input before acting.
NH
Transcript Highlights:
  • government issuer and you want to control people, control commerce, or use the excuse to control inflation
  • 01:13:44.560> excuse<01:13:44.960> to<01:13:45.159> control<01:13:46.000> inflation
  • or use the excuse to control inflation or use the excuse to control inflation it's<01:13:47.280>
Keywords: 928, house, all
Summary: The committee first heard testimony on House Bill 167, a PFAS-related measure to add ski, snowboard, and boat wax to the state’s list of banned consumer products containing PFAS. The sponsor said the product is already banned in many other places, alternatives exist, and the concern is that these products go directly into water rather than landfills. She cited high PFAS levels in several New Hampshire lakes and argued the bill would help stop further contamination. A member of the public also described personal experience with ski wax products disappearing from the market, suggesting PFAS may have been the reason. The chair then closed the hearing on HB 167. The committee next opened a hearing on House Bill 312, dealing with college athletes’ name, image, and likeness (NIL) rights. Representative Moffett explained the bill was prompted by the U.S. Supreme Court’s NCAA v. Alston decision and was modeled on New Jersey law. He said the bill would prevent colleges from restricting NIL compensation, require athletes to use licensed attorneys or registered sports agents, and limit certain endorsements involving addictive drugs, adult entertainment, firearms, and weapons. He framed the measure as a proactive response to a changing college sports landscape and noted possible future conflicts involving schools, agents, and endorsements. Committee members raised several concerns and suggested changes. One member questioned the bill’s exclusion of two-year institutions, another objected to the weapons restriction, and others asked how the bill would affect scholarships. The sponsor said the intent was to protect scholarships, especially athletic scholarships, and clarified that need-based scholarships were not meant to be affected. He also acknowledged discomfort with the endorsement restrictions and said the committee might want to broaden or revise the language. The hearing remained open for further consideration, with no vote taken in the excerpt.
NH

New Hampshire 2025 Regular Session

House Science, Technology and Energy (01/21/2025)

Science, Technology and Energy

Keywords: 1189, house, all
NH

New Hampshire 2026 Regular Session

House Session (04/23/2026)

New Hampshire House Floor Meeting

Transcript Highlights:
  • And I think that's the intent of some of these inflated numbers that we hear, inflating all crypto with
  • An act relative to toll rate adjustments and periodic inflation-based toll reviews for the New Hampshire
Keywords: 1189, house, all
NH

New Hampshire 2025 Regular Session

House Finance Division I (02/19/2025)

Transcript Highlights:
  • I just Googled inflation since 1975, and a $60 fee in 1975 would be worth $352 today.
  • I just Googled inflation since 1975, and a $60 fee in 1975 would be worth $352 today.
  • Inflation since 1975, and a $60 fee in 1975 would be worth $352 today.
Keywords: 928, house, all
Summary: The committee first reviewed House Bill 1, focusing on the legislative branch budget, especially the Senate and House lines. Members discussed that the Senate’s fiscal year 2025 adjusted authorized amount was higher than 2024 actual spending, largely due to personnel, benefits, and travel, and one member proposed a $500,000 annual cut. Staff explained that any reduction would need to be allocated across specific line items such as personnel, benefits, and travel, and noted that the Senate budget is entirely General Funds. After discussion of how the adjusted authorized figures were calculated and why the branch no longer staffs some joint committees as it once did, the committee moved on without taking a vote on that section. The committee then heard a detailed presentation from the New Hampshire Retirement System. NHRS officials described their statutory administrative budget, which is funded through the retirement trust rather than the General Fund, and said the FY 2026-2027 increase is driven by IT modernization, cybersecurity, a new strategic plan, and additional staff positions. They also reviewed the system’s funding progress, clean audit opinions, investment performance, and changes to asset allocation, while noting that several recent pension-related laws required major database changes. Members questioned the large increase in salaries and benefits, the need for new employees versus contractors, the purpose of training costs, and the source of the Group Two benefit funding. NHRS said the governor’s budget includes General Funds for Group Two benefit changes, with $5 million in FY 2026 and $27.9 million in FY 2027, and that the figures reflect the governor’s recommendation and related HB 2 provisions. Committee members also asked about employer and employee contribution rates for Group Two police and fire members, which NHRS said were not included in the budget document but were about 31.2% for police and 30.35% for fire, with employee shares around 11.55% and 11.8%. The committee did not make a decision on the NHRS budget during this exchange and indicated it would review the details further before returning to it later. The committee then heard from the Community Development Finance Authority on the State Treasury Department budget line for the required state match to administer the federal Community Development Block Grant program. CDFA explained that its $280,000 annual request for FY 2026 and FY 2027, totaling $560,000, supports administration, technical assistance, contracting, and monitoring of roughly $19 million in annual federal CDBG funds. Members asked about the leverage of the state match, oversight of projects, staffing, and grant prioritization. CDFA said it has 18 employees, uses public hearings and a scoring system to prioritize awards, and conducts both desk and on-site monitoring, with annual audits to ensure compliance. No vote was taken on the CDFA item in the portion provided.
US

US Federal 2025-2026 Regular Session

US House Floor Proceedings (Monday, June 29, 2026)

US Federal House Floor Meeting

Transcript Highlights:
  • That change will keep this threshold in line with inflation and it will put in place appropriate And