Transcript Highlights:

• Filing jointly, I don't like inflators, but I do on this one.
• This is a good inflator, not a bad inflator.
• This is a good inflator, not a bad inflator.
• good inflator not a bad inflator<00:24:40.240> okay<00:24:40.760> so<00:24:41.200> that
• It's 108,000 because of a good inflator.

Keywords: 1183, house

Transcript Highlights:

• stabilization measures often have a fairly high cap or are based on the consumer price index for inflation
• That's often set relative to the consumer price index, or the CPI, which is a measure of inflation.
• Thankfully, this legislation has a reasonable annual cap tied to inflation, coupled with common-sense
• In most other places, rent control is of the form inflation plus X—inflation plus 5%, inflation plus
• Under this proposal, it will be the larger of 5% or the rate of inflation.

Keywords: 995, all

Summary: The Special Joint Committee on Initiative Petitions held a public hearing on Initiative Petition 25-21, House Bill 508, an act to protect tenants by limiting rent increases. Committee leaders explained the Article 48 initiative process and said the hearing was intended to gather testimony for a report to the legislature. The measure would replace current state law that prohibits rent control, cap annual rent increases at the lower of CPI or 5%, exempt certain properties including owner-occupied buildings of four or fewer units, subsidized, university, nonprofit, and short-term rental housing, and exempt new construction for 10 years. It would also eliminate vacancy decontrol, so limits would continue when units turn over, and enforcement would rely largely on tenants and the Attorney General through the courts. The hearing began with expert testimony from Whitney Airgood-Obrien of Harvard’s Joint Center for Housing Studies, who described Massachusetts’ severe rental affordability problems and reviewed research on rent regulation, noting mixed evidence on supply and quality effects but clearer evidence that rent regulation can slow rent growth and improve tenant stability. Supporters of the petition, led by Carolyn Chow of Homes for All Massachusetts, argued that rent stabilization is needed now to curb displacement and runaway rent increases, especially for low- and moderate-income renters. Laura Frost described her Arlington building being bought by a large firm that sought steep rent hikes, and said rent control would help prevent “tenant flipping” and community displacement. Dave Foley of SEIU Local 509 said the issue affects workers’ ability to live near their jobs, while Dr. Mark Paul and Tram Huang argued that the evidence supports well-designed rent stabilization, that vacancy decontrol encourages displacement, and that the policy should be seen as a complement to new housing production rather than a substitute. Committee members questioned supporters about the 10-year new construction exemption, the lack of vacancy decontrol, and whether rent stabilization could discourage development; supporters responded that the measure targets corporate rent gouging, that small landlords are protected by exemptions, and that production and rent stabilization can coexist. Opponents, including representatives of small property owners, chambers of commerce, and labor/building trades, argued the proposal would hurt small landlords, reduce investment, and slow housing production. They said operating costs such as taxes, insurance, and maintenance are rising faster than the proposed cap, and warned that the measure would reduce property values and tax revenue and could push investment to other states. Several opponents emphasized that many Massachusetts housing providers are mom-and-pop owners rather than large corporations, and said the policy would make it harder to maintain and improve housing. Committee members pressed both sides on the need for a middle ground between affordability and preserving development incentives, but no vote was taken at the hearing.

Transcript Highlights:

• For each of those various years, they had projected inflation from 5.125% to 6.75%.
• <00:43:30.160> stay rebates and um medical inflation stay rebates and um medical inflation
• And inflation, including, you know, premium inflation in the KHP, would certainly be one of those factors
• And inflation, including, you know, premium inflation in the KHP, would certainly be one of those factors
• <01:04:36.720> reduction as a result of the inflation reduction as a result of the inflation

Keywords: Meeting Start: 00:00:35 Attendance Roll Call: 00:00:55 Approval of Minutes: 00:02:56 Deferred Compensation Authority Update: 00:03:12 Retiree Health Update - TRS: 00:15:58 Retiree Health Update - KPPA: 00:56:13 Adjournment: 01:08:10, 958, all

Summary: The Public Pension Oversight Board met with a quorum, approved the prior minutes, and heard updates from the Kentucky Public Employees Deferred Compensation Authority and the Teachers Retirement System. The deferred compensation update highlighted continued growth in assets to about $4.787 billion and roughly 88,000 participants, strong retention from auto-enrollment, a marketing campaign tied to pay raises that generated additional participation, and a new self-directed brokerage account expected to launch July 1 of the coming year for participants with at least a $40,000 balance, allowing up to 25% of their account to be moved into the brokerage window. The director also described the free financial planning service, which has been used by about 3,500 participants with a high return rate, and said the plan is currently in a fee holiday; if fees are charged, they are capped at $237 per year for most participants. Members asked questions about who provides the CFP service, the fee structure, and the brokerage eligibility threshold. The director said the CFP service is provided through the authority’s service bundle with Nationwide, not as a separate paid service, and explained that the fee cap and current fee holiday are intended to keep the program low-cost. Board members praised the deferred compensation program’s performance and asked for a copy of the legislation referenced in the presentation. TRS then presented on retired teachers’ health insurance. Barnes first clarified how declining federal contributions for federally funded school positions affect the retirement annuity trust, explaining that if those federal dollars fall, the amounts would need to be covered through the SEEK formula and that the projection for those contributions is about $80 million over the next three years. He then reviewed TRS retiree health coverage, distinguishing between KEHP for retirees under 65 or not Medicare-eligible and MEHP for Medicare-eligible retirees, and explained that TRS recently completed RFPs for both prescription drug and medical coverage. TRS will keep Express Scripts for prescription drugs, but will move the Medicare Advantage medical plan from UnitedHealthcare to Humana on January 1, 2026, while keeping the plan design, provider access, and out-of-pocket structure largely unchanged, with a new hearing-aid benefit of $500 per ear. Barnes also reported the 2026 premium and contribution changes: the maximum TRS contribution toward KEHP will rise to $1,144.96 from $930.76, an 18% increase that he said will require roughly $15 million to $16 million more in the state budget, while the MEHP premium will drop to $200 per month from $210. He said the TRS board has statutory authority to set these amounts and that the changes will have mixed actuarial effects, with the KEHP increase being negative overall and the MEHP decrease positive.

Transcript Highlights:

• Still not inflation adjusted.
• Still not inflation adjusted.
• Still not inflation adjusted.
• Still not inflation adjusted.
• Still not inflation adjusted.

Keywords: 1189, house, all

Transcript Highlights:

• overpayment of education property tax increment, and adjust the special education census grant for inflation
• are of inflation when rent increases are outpacing wage increases.
• Um, those technical changes include the payback to the city of Barry and an inflation adjustment to the
• While it is hard for districts to keep budget growth within general inflation because there are pressures
• like health care benefits costs that grow faster than inflation, we will see more and more districts

Keywords: 926, house, all

Transcript Highlights:

• Current inflation is 3.3%. The 5%, 3% we have today accounts for inflation.
• I think I disagree with the premise that property taxes should keep up with inflation.
• and property owners are seeing inflation bite them everywhere else.
• If we could keep under the growth of inflation, that's that's a positive thing.
• Speaker, that is less than the rate of inflation.

Bills: HR1051, HR1048, SB2074, SJR39, SJR47, SB1983, SB444, SB1503, SB1561, SB592, SB1501, SB1946, SB1567, SB1833, SB2026, SB904, SB2178, SB1651, SB1558, SB1565, SB1553, SB1257, SB65, SB1749, SB1242, SB1642, SB640, SB667, SB1436, SB1484, SB1562, SB1794, SB1644, SB1533, SB933, SB1555

Keywords: livestock, judging, Oklahoma State University, championship, agriculture, military children, recognition, community support, military families, April 15, pharmacy benefits managers, reimbursement, healthcare, prescription drugs, cost regulation, property valuation, tax limit, homestead, income threshold, elderly

Transcript Highlights:

• So, the bill that I'm authoring proposes to cap property taxes at the rate of inflation plus 50% of population
• 00:04:12.200> of to cap property taxes at the rate of to cap property taxes at the rate of inflation
• inflation inflation plus<00:04:13.840> 50%<00:04:14.760> of<00:04:14.920> population
• <00:15:30.520> They<00:15:30.640> can the rate of inflation plus 50%.
• They can the rate of inflation plus 50%.

Keywords: 1187, senate, all

Summary: Minnesota Senate Republicans held a press conference unveiling a package of affordability and tax-relief bills aimed at property taxes, taxes on tips and overtime, and vehicle registration costs. Leader Mark Johnson said the proposals were meant to counter rising costs for wages, homeownership, and driving, and argued that Democrats’ policies had made life more expensive. Several senators echoed that theme, saying Minnesotans need immediate relief and that the state has room to act because of a reported surplus. Senator Michael Kunesh described a property-tax cap bill that would limit increases for cities and counties to inflation plus 50% of population growth, with higher increases requiring voter approval. He said constituents, including seniors, a disabled veteran, and young people, are seeing unsustainable property-tax hikes, and he argued that state and federal mandates have driven local costs. In response to a question about added county workload from federal SNAP and Medicaid changes, he said the solution is both to pause new mandates and to cap property-tax growth. Senator Karin Housley outlined a proposal to end state taxes on tips and overtime, with deductions up to $25,000 for tips and $12,500 for overtime, phased out at $150,000 for individuals and $300,000 for families. She said the measure would help workers keep more of what they earn and would not cost small businesses directly. Senator John Jasinski proposed rolling back vehicle registration tab fees to pre-2023 levels, saying Minnesota’s fees are far higher than neighboring states and that the change would save drivers money over time. Senator Julia Coleman also supported the package, saying the bills would provide practical relief for families facing high housing, driving, and work-related costs. No votes were taken; the event ended with questions from reporters about fiscal impacts, offsets, and whether the proposals would worsen the state’s structural budget imbalance.

Transcript Highlights:

• Inflation is very profitable for the credit card industry, but it hurts consumers.
• I mean, I think your point earlier, too, about the impact of tariffs and inflation, how this is going
• But..." "...we do know that prices continue to go up because of inflation after reform, and we've seen
• It wasn't more than we saw inflation during that time, but it was real.
• in the economy, so the savings that were achieved did not supersede the inflation that was there.

Summary: The Assembly Banking and Finance Committee heard several bills, beginning with AB 407, which would expand the California Pollution Control Financing Authority. The author said the measure would increase flexibility and access to resources, and the bill was approved 7-0 and sent to the Committee on Local Government. The committee also adopted the consent calendar, which included AB 76, by a 7-0 vote. A lengthy portion of the meeting focused on AB 1065, which would prohibit swipe fees on the sales tax portion of credit card transactions. Supporters, including small business owners, restaurant and grocery representatives, and a payments-policy expert, argued the bill would reduce costs for merchants and consumers and rein in dominant card networks. Opponents, including banks, credit unions, and payment industry groups, argued the bill is likely preempted by federal law, would be difficult to implement, and could disproportionately affect community banks and credit unions. After extensive questioning about preemption, fraud, implementation, and consumer impacts, the committee rejected the bill on a 6-0 vote, but then granted reconsideration by a 7-1 vote. The committee then heard AB 1365, which would create the Cal Account Program, a zero-fee, zero-penalty state banking account for unbanked and underbanked Californians. Supporters said the program would help low-income households, survivors of abuse, and others facing barriers to traditional banking, while opponents from community banks and credit unions argued existing low-cost accounts and the Bank On program already address the need and raised concerns about cost, feasibility, and duplication. The bill advanced on a 6-0 vote and later received enough votes on the reopened roll to move forward to the Committee on Labor and Employment. The committee also approved AB 1052, which would create a legal framework for digital assets and address unclaimed digital property and restrictions on public officials issuing or promoting digital assets, and AB 1180, which would create a pilot program for paying state fees with digital financial assets and require a report on broader adoption. Both bills passed with broad support after brief testimony and discussion. Final roll calls later confirmed AB 1052 and AB 1180, along with AB 407 and AB 1365, were moved out of committee.

Transcript Highlights:

• Why did you name a bill the Inflation Reduction Act?
• the so-called inflation And passed the so-called inflation reduction act that just exponentially escalated
• American citizens and it leads to inflation.
• and... prices, increases inflation, and protects the Epstein pedophiles.
• He swore he would end inflation, end it. Those... He would end inflation, end it.

Keywords: U.S. House of Representatives Floor Proceedings on Tuesday, June 30, 2026, 1012, house, all

Transcript Highlights:

• and these numbers due to inflation are no longer worth what they were when the laws were enacted. if
• and these numbers adjusted for inflation and these numbers due<00:51:04.800> to<00:51:04.960>
• inflation<00:51:05.440> are<00:51:05.760> no<00:51:05.920> longer<00:51:
• 06.400> worth, due to inflation are no longer worth, due to inflation are no longer worth, you
• It would have to be adopted locally, and it's to adjust for inflation just like in the New Hampshire

Keywords: 1191, senate, all

Transcript Highlights:

• in... ...projects, relating to approval of contracts by the Regulatory Commission of Alaska and inflation
• Heating Fuel Fund, relating to approval of contracts by the Regulatory Commission of Alaska and inflation
• pipeline projects, relating to approval of contracts by the Regulatory Commission of Alaska, and inflation
• were made impacting foreign entity participation, cost overruns, effects of project failure, and inflation
• Heating Fuel Fund; relating to approval of contracts by the Regulatory Commission of Alaska; and inflation

Keywords: 905, all

Transcript Highlights:

• On page number four, you'll notice that in the blue highlighted section, the last item, provider inflation
• adjustment to the, Notice that in the blue highlighted section, the last item, provider inflation adjustment
• That was for the inflator adjustment.
• On page 6, in the top blue section, same item there, provider inflation adjustment to 2% and 1.5%.
• On page 8, medical services in the blue section there, we also have provider inflation adjustment to

Bills: SB2015

Keywords: corrections, rehabilitation, prison budget, department of corrections, adult services, youth services, correctional facilities, Heart River correctional center, Missouri River correctional center, James River correctional center, minimum security facility, county jails, regional jails, deferred maintenance, capital construction, strategic investment and improvements fund, Bank of North Dakota, line of credit, tasers, body cameras

Summary: The Senate Appropriations Human Resources Division met to finalize changes to the human services budget bill and related amendments. Members discussed several items, including a proposed $5 million appropriation for the Altru Hospital project to address inflationary costs, with the rest of the funding question left for conference committee. They also agreed to keep the 10-year operating requirement language for the project and remove a matching-funds provision that was no longer needed. The committee spent considerable time on the OASIS child welfare IT system. Donna Auckland explained that the project is still in the RFP stage, with vendor selection and contract negotiation likely taking months, and that the system will require 50-50 federal matching authority. Based on that testimony, the committee agreed to reduce the general fund amount from $14 million to $6 million and use a line of credit for the remaining authority, while preserving the federal match authority so the contract can be signed and the project can proceed. Members also approved a technical fix to add governor’s designee language for the Children’s Cabinet, which had been missed in another bill already on the governor’s desk. Keith reviewed updated long sheets showing additional budget adjustments, including provider inflation changes, a $50,000 Family Voices grant, reductions to CARES Act COVID funds, and moving the $5-per-day basic care rate increase from ongoing to one-time funding. No formal votes were recorded in the transcript, and the committee adjourned with plans to reconvene Monday if the final bill version was ready.

Transcript Highlights:

• Ruby’s Bill 1577, and the $200 contribution has not been adjusted for inflation for many, many years.
• It’s been adjusted for inflation for many, many years.
• And if you adjust for inflation, it would have been 247.
• This way, by just adjusting for inflation, you're actually not changing policy.
• You're just adjusting for inflation. Thank you. But it would be a new policy to go to $500.

Keywords: 908, all

Summary: The committee took up House Bill 2156, a campaign finance and reporting bill tied to the Secretary of State’s new software system. Members and staff walked through the bill section by section, explaining that much of the text is existing law being reorganized into a new chapter, with technical updates to make reporting easier and more consistent in the new electronic “checkbook” format. The bill also adds or clarifies several categories and definitions, including political donations and volunteer appreciation, and changes the reporting threshold from $200 to $250 to align with a separate inflation-adjustment bill. Other discussed changes included using the deposit date as the contribution receipt date, removing contributor addresses from public disclosure, adding non-statewide political parties to disclosure requirements, and adding political committees to the foreign-national contribution prohibition. The Secretary of State’s office testified that the new software is being developed with a vendor already used in other states, and that it will automatically track contributions, expenditures, balances, deadlines, and reminders, while preserving current public/nonpublic disclosure rules. Members asked about public access, enforcement, maintenance costs, training, and whether the system would allow both checkbook-style entry and aggregation; staff said both options would be available and that the system would flag discrepancies and carry amendments forward through later reports. The committee also discussed late-filing and amendment fees, keeping some existing deadlines such as the 48-hour supplemental statement, and making late fees more visible to the public. The committee adopted the proposed amendments by voice vote and then passed the bill as amended on a 13-0 roll call vote. Members expressed appreciation for the work of the bill sponsor and the Secretary of State’s office, and the chair indicated the bill would likely go to caucus and then the floor before moving to conference with the Senate if needed.

Transcript Highlights:

• Um, that limit is not indexed for inflation.
• Um that limit is not indexed<00:06:32.479> for<00:06:32.880> inflation.
• Um so in the 35 indexed for inflation.
• <00:08:09.759> Um<00:08:10.400> inflation<00:08:11.120> has<00:08:11.440>
• Um inflation has been uh more of course.

Keywords: 1191, senate, all

Transcript Highlights:

• These fees are crushing merchants and small businesses who have narrow profit margins, and they inflate
• Inflation is very profitable for the credit card industry, but it hurts consumers.
• So, I think it's important to think about the impact of tariffs and inflation, and how this is going
• It wasn't more than we saw inflation during that time, but it was real.
• So the savings that were achieved did not supersede the inflation that was there.

Keywords: 988, house, all

Transcript Highlights:

• , the last time the attorney fee was increased in 2013 to $22,500, if it were to strictly follow inflation
• If that were to keep up with inflation, it would be $6,250 today instead of $6,000.
• We talked about inflation, and ultimately, we could not agree that this should follow any type of inflation
• and negotiating every few years, every 10 years, is a reasonable amount and should not be tied to inflation
• And so when the cap gets raised from $22,500, again, inflation would put it at $22,500. At $32,750.

Transcript Highlights:

• Inflation-adjusted dollars is obviously, as appropriators, we talk about that all the time.
• But as no one adjusts inflation dollars for the state, it is.
• It's very difficult for us, when we don't have inflation-adjusted dollars, to do the same.
• And we understand the hit on inflation.
• Dollars are not adjusted for inflation, right?

Bills: SB26, SB 26

Keywords: teacher compensation, education funding, public school educators, teacher retention, teacher designation, SB 26, Texas Property Code, colonia, colonias, Spanish translation, bilingual contract, real estate contract, executory contract, residential property, border county, international border, economically distressed area, consumer protection, language access, translator certified in Spanish

Transcript Highlights:

• hit the... ...a series of where inflation hit the market that caused us to lose some money on some of
• Keep in mind, you know, inflation... ...prisons.
• The longer we wait, we risk facing inflation and other challenges... ...the more inflation affects us
• Now, part of that was because of the inflation, the COVID matters, and the supply problems.
• So we just got to work through this thing and try to make sure that we could hold down this inflation

Bills: SJR 1, SB 9, SB 40, SJR 36, SJR 1, SJR 5, SB 9, SB 40, SR 61, SR 91, SR 97, SR 103, SR 104, SR 112, SR 115, SR 116, SCR 16, SB 26, SB 26

Keywords: bail denial, illegal aliens, felony offenses, constitutional amendment, law enforcement, bail reform, defendants, pretrial detention, public safety, criminal justice, charitable bail organizations, bail bonds, public funds, political subdivision, injunctive relief, taxpayer rights, bail, criminal justice reform, Texas Music Advocacy Day, music industry

Transcript Highlights:

• In 2023, I remember when the tax bill left the House with inflators on LGA and CPA.
• It came back without inflators. Amazing.
• on LGA and left the house with inflators on LGA and CPA.
• It came back without inflators. Amazing. It came back without inflators. Amazing. Amazing.
• <00:48:31.680> on And we proposed putting an inflator on And we proposed putting an inflator

Keywords: 919, house, all

Summary: House File 4845 was presented as a tax modernization and local aid bill that would adjust Minnesota income tax brackets for inflation, add a new top bracket of 10.85% for high earners, and increase local government aid and county program aid beginning in 2026. Representative Hollins said the bill would strengthen local government funding and require the Department of Revenue to recertify aid distributions. The chair noted the bill would be laid over for possible inclusion in the 2026 tax bill. Supporters, including St. Paul Mayor Melvin Carter? no, Mayor Kelly Her of St. Paul, AFSCME Local 34, and Rebuild Minnesota, argued that cities and counties need more stable revenue to cover rising costs, public safety, human services, and property tax pressure. They said the bill would help local governments meet unmet needs and reduce reliance on property taxes. Opponents from the Minnesota Business Partnership and Minnesota Chamber of Commerce argued the new top rate would hurt competitiveness, talent recruitment, and business investment, especially because many businesses pay through the individual income tax code. Some testifiers also opposed directing more aid to cities that they said restrict housing development, while others urged the committee to address unfunded mandates and fraud instead of raising taxes. During member discussion, Representative Joyce opposed creating another bracket and suggested using cannabis tax revenue instead. Representative Wiener said the state has a spending problem and cited fraud concerns, while Representative Roach questioned whether the bill truly helped greater Minnesota and noted the current LGA appropriation is just over $644 million. Representative Hollins responded that the proposal would mostly benefit greater Minnesota by shifting more of the tax burden to high earners in the metro area. No vote was taken; the bill was laid over for possible inclusion in the 2026 tax bill.

Transcript Highlights:

• <01:07:36.400> for voters an adjustment with inflation for voters an adjustment with inflation
• There are municipalities such as Bedford that do annually look at inflation and adjust their income,
• <01:11:01.600> and<01:11:01.920> adjust uh annually look at inflation and adjust uh
• It's their choice whether they want to adjust for inflation or cost of living.
• Uh and they inflation or cost of living.

Keywords: 1191, senate, all