Video & Transcript : 'aggregate bond limitation' :

Page 16 of 500
CA
Transcript Highlights:
  • And our first panel is the Climate Bond, Proposition 4 Expenditure Plan.
  • And we reserve an allocation of 375,000 for statewide bond costs.
  • Across all Proposition 4 bond allocations, a portion of statewide bond costs were reserved.
  • That these resources would continue to be limited by the legislation.
  • Issue number one: DGS and the climate bond.
Keywords: 988, house, all
DE
Transcript Highlights:
  • The bill establishes temporary limits.
  • This debt limit statement is to be attached to the fiscal year 2027 Bond and Capital Improvements Act
  • limit: $0 million.
  • Less aggregate principal amount of the new tax-supported obligations subject to debt limit to be authorized
  • It's a pleasure to serve on bond with you.
Keywords: 1064, all
DE
Transcript Highlights:
  • This debt limit statement is to be attached to the fiscal year 2027 Bond and Capital Improvements Act
  • subject to debt limit: $0.
  • Available debt limit prior to appended legislation: $363.88 million, less aggregate principal amount
  • Remaining debt limit: $363.88 million. Remaining debt limit: $363.88 million.
  • What was the bond bill? What? Do they have drama about the bond bill? I hope not.
Summary: The House convened with quorum, offered prayers and moments of silence for community members who had recently died, and recognized several guests and family members in the chamber. After routine communications and passage of consent calendar 29, the chamber took up a series of measures on the main and colored agendas, with several bills and resolutions passing by voice vote or roll call. Among the measures approved were House Concurrent Resolution 157, which as amended requested a State Lottery report on options to support traditional lottery retailers; Senate Bill 53 on the Delaware Farm to Community Program; Senate Bill 307 on PSC authority for Lifeline telecommunications carriers; Senate Bill 339 clarifying health directive forms in mental health facilities; Senate Bill 235 on manufactured home community rent increases; Senate Bill 325, as amended, updating fire prevention and volunteer fire/EMS background check rules; Senate Bill 309 on inmate work and discharge of incarceration-related balances; Senate Bill 324 on deadly weapons and constable agency representatives; Senate Bill 293 on youth camp child care licensing; Senate Bill 94 on respiratory care practitioners and ECMO medication delivery; and Senate Substitute 2 for Senate Bill 100, proposing a constitutional amendment protecting the right to marry regardless of race or gender while preserving religious freedom. House Bill 188, changing Delaware primary elections to allow unaffiliated voters to choose a party primary, also passed after debate. Two measures drew extended discussion and amendments. Senate Bill 233, requiring snow and ice to be removed from vehicles, was tabled once, then later amended and passed after debate over whether the law was workable for truck drivers and other vehicle operators; a proposed truck-related exemption amendment failed. House Substitute 1 for House Bill 404, creating a pilot program for artificial intelligence and extended reality in schools, passed after testimony from the Department of Education emphasizing guardrails, privacy, and educator oversight, alongside concerns from members about data, bias, and long-term effects. Several items were tabled or reconsidered during the session, and the House adjourned after completing the day’s business.
OK

Oklahoma 2026 Regular Session

Senate Legislative Session Mar 2nd, 2026 at 01:30 pm

Oklahoma Senate Floor Meeting

Transcript Highlights:
  • Oklahoma only has three limited exceptions for gambling: the lottery, horse racing, and class 3 tribal
  • Oklahoma CASA does is we handle all the child abuse neglect cases per judicial discretion, so it's very limited
OK

Oklahoma 2026 Regular Session

Senate Legislative Session Mar 2nd, 2026

Oklahoma Senate Floor Meeting

Transcript Highlights:
  • Oklahoma only has three limited exceptions for gambling: the lottery, horse racing, and Class III tribal
  • So it's very limited. However, these are Oklahoma children. These are tribal children.
Summary: The Senate convened with a quorum, opened with prayer and the Pledge of Allegiance, and recognized the Doctor and Psychologist of the Day. The chamber also presented a citation to Oklahoma Task Force One’s K-9 search and rescue unit, with remarks praising its in-state and out-of-state disaster response work and professionalism. Several gallery introductions followed, including a student shadowing Senator Mann and the Crooked Oak Hispanic Student Association. The Senate then considered several bills. SB 2065, as amended, renamed the measure the Lucille Morehouse Pollinator Act and updated state insect/pollinator designations; it passed 48-0. SB 1641 required business entities to provide an email address on incorporation filings for electronic notice of annual reports; it passed 48-0. SB 1642 allowed physicians to make prescriptions in divided quantities, with discussion focused on opioid prescribing and post-surgical treatment; it passed 48-0. SB 1589 increased penalties for sweepstakes violations and expanded the law to target illegal online gambling operations; it passed 48-0. SB 1597 removed the requirement that the State CASA Association follow specific national standards while keeping local training and background-check requirements. Debate centered on whether removing national standards would reduce DEI-related training; Senator Boren opposed the bill on that basis, while the author argued it preserved Oklahoma flexibility. The bill passed 41-7. SB 1216 broadened judicial discretion for drug court eligibility for some offenders with prior domestic violence-related charges, and senators questioned whether the language was clear enough and whether it could affect eligibility rules; the author said the intent was to expand discretion, not change DV accountability. It passed 44-4. At the end of the session, the Senate voted to reject House amendments to SB 893 and request conference committee consideration. Announcements were made about committee meetings, a women’s caucus lunch, and an Irish Caucus gathering. The Senate then adjourned until the next scheduled meeting date.
TX
Transcript Highlights:
  • These protections already exist for bond elections. but they don't have the same limitations for Tax
  • say let's get bonds.
  • Senate Bill 3052 clarifies the limitations on the district. ...authority to issue bonds secured by ad
  • Senate Bill 3053 clarifies the limitations on the district's authority to issue bonds secured by ad valorem
  • The expansion is granted limited eminent domain powers and the ability to issue bonds.
CA
Transcript Highlights:
  • All right, let's start with issue number one: Proposition for climate bond expenditure plan for clean
  • It includes a request for 10 limited-term positions to support the California Transmission Accelerator
  • DSGS is designed to fund private entities that are working on aggregation.
  • Prop. 4, by statute, is limited to public agencies, local governments, and nonprofits.
  • As was noted, in 2024 the voters of California approved this $10 billion bond, Prop. 4.
Summary: The Senate Budget Subcommittee on Resources, Environmental Protection and Energy heard six budget-related items and took no votes, holding all items open for a future hearing. The first item concerned a climate bond expenditure plan for the California Transmission Accelerator Revolving Fund under SB 254. GoBiz, IBank, and the Department of Finance described a request for nearly $26 million and 10 limited-term positions to develop financing strategies and evaluate transmission projects, while the LAO said the proposal was broadly consistent with Prop. 4 but noted that the Legislature may want to provide more direction on program design. Senators questioned how the proposal would lower ratepayer costs, protect state funds, and ensure accountability for billion-dollar transmission projects. The second item covered trailer bill language to redirect funding among demand-side reliability programs. Finance proposed moving $22 million from the DEPA program to DSGS for summer 2026 and using CalSHAPE interest funds for ELRP or an equivalent CPUC program in 2027-28, with CEC and CPUC coordinating the transition. Senators and LAO questioned why CalSHAPE funds should not continue supporting schools, and several members argued DSGS has been more successful and should continue rather than be shifted to ELRP. CEC and CPUC explained that DSGS and ELRP serve different reliability functions and do not address public safety power shutoffs. Public commenters, including school groups and clean energy advocates, split between extending CalSHAPE for school HVAC/plumbing projects and preserving or expanding DSGS. The committee also heard on petroleum market oversight implementation under SBX1-2 and ABX2-1, with the CEC and its Division of Petroleum Market Oversight requesting additional staffing to support inventory monitoring, refinery resupply analysis, and market oversight. Senators pressed for details on investigations, refinery margins, gasoline price spikes, and the transportation fuels transition plan, while staff said the draft plan would be released soon and that DPMO’s work on branded versus unbranded gasoline remains ongoing. Finally, the CPUC presented three additional proposals: implementing AB 1207’s climate credit reforms, studying large-load/data center cost impacts under SB 57, and preparing for regional market participation under AB 825. The LAO repeatedly cautioned that some of these requests may go beyond statutory minimums and urged the Legislature to decide how much policy direction and staffing it wants to provide. Public commenters supported DPMO funding, opposed ending CalSHAPE, and strongly favored continued DSGS funding over a new ELRP structure.
TX

Texas 89th 2nd C.S.

89th Legislative Session Mar 24th, 2025

Texas House Floor Meeting

Transcript Highlights:
  • HB 3453 by Bond, relating to the liability of nonprofit entities contracted with the Department of Family
  • HB 3459 by Bond, relating to the distribution of state traffic fine revenues received by the Comptroller
  • HB 3461 by Bond and Ellington, relating to memorial markers and designations on highways in the state
  • HB 3468 by Goodwin, relating to disclosure by sellers of aggregates and concrete ingredients and the
  • origin of aggregates or concrete, referred to the Committee on Environmental Regulation.
Summary: The House met briefly to read a large number of first-reading bills, joint resolutions, and concurrent resolutions and refer them to the appropriate committees. The measures covered a wide range of topics, including public health, education, criminal justice, taxation, transportation, water and natural resources, elections, housing, veterans issues, local government, and constitutional amendments. Several bills focused on school policy, health care regulation, property tax and sales tax changes, criminal penalties, and local or state agency authority. Among the notable items were proposals on name and sex changes on birth records, college admissions inquiries into criminal history, foster care contractor liability, school nutrition and assessment policy, election procedures, homestead and franchise tax exemptions, public retirement system reporting, and numerous transportation and infrastructure measures. The House also received resolutions designating local honors and observances, including Brownsville as the bicycling capital of the Rio Grande Valley, Port Aransas as the fishing capital of Texas, and Selena Quintanilla Perez Day. Some measures proposed constitutional amendments on legislative procedure, homestead taxation, and election-law enforcement authority. No debate or testimony occurred in this segment; the action was limited to first reading and referral. The session also referred several resolutions to the Local and Consent Calendars. At the end of the proceedings, the House adjourned without objection until 2 p.m. Tuesday.
NM

New Mexico 2026 Regular Session

Senate - Tax, Business and Transportation Feb 5th, 2026 at 04:18 pm

Senate Tax, Business & Transportation

Transcript Highlights:
  • So this is SB 190, the Heal Regional Cancer Center bonds.
  • Bonding is an excellent finance mechanism to get these projects done.
  • We just had the big bonding bill come in.
  • An aggregate annual cap of $10 million.
  • I have given a limit on public testimony.
OK

Oklahoma 2026 Regular Session

Senate Legislative Session Mar 26th, 2026 at 12:10 pm

Oklahoma Senate Floor Meeting

OK

Oklahoma 2026 Regular Session

Senate Legislative Session Mar 26th, 2026 at 08:30 am

Oklahoma Senate Floor Meeting

Transcript Highlights:
  • But it doesn't, it's not limited to that. Kirk, for a follow-up, thank you.
  • And so, we're not talking about surety bonds, right? These are professional bonds. Is that correct?
  • And can the author explain the difference between surety bonds and professional bonds?
  • But we tightened some things up as far as the time limits.
  • statutory bond, then he will go before a judge on that appeal.
OK

Oklahoma 2026 Regular Session

Senate Legislative Session Mar 26th, 2026

Oklahoma Senate Floor Meeting

Transcript Highlights:
  • They have the 5% limitation because they're not limited at 3%; they're limited at 5%.
  • California is limited.
  • California is limited.
  • It just, it'll limit, I'll just read what it says. It'll limit.
  • It limits transactions.
Summary: The Senate first considered Senate Bill 1623, a measure updating the state charter for state-regulated credit unions to make them more competitive with federal credit unions. Two amendments were adopted: one changing certain board authority language from “shall” to “may,” and another restoring the title. Supporters said the bill was the product of years of negotiation with bankers and credit unions and would not affect national banks; after questions about membership expansion and census-tract service areas, the bill passed 44-0. The chamber then took up Senate Joint Resolution 39, which would send to voters a constitutional amendment lowering annual caps on assessed-value growth for homestead and agricultural property from 3% to 1%, and for other property from 5% to 3%. Proponents argued it would slow property-tax growth, help seniors and fixed-income homeowners stay in their homes, and not reduce government revenue but only slow future growth; opponents warned it would reduce local revenue growth for schools, counties, infrastructure, and bonding capacity, and would disproportionately benefit higher-value property owners. The resolution passed 38-8, and the special-election referral also passed 38-8. Senate Joint Resolution 47, which would place current voter ID requirements into the Constitution, also advanced and passed 39-8, with the special-election provision passing by the same margin. Supporters said it simply constitutionalized existing law requiring proof of identity and would preserve election security; critics said Oklahoma already has voter ID rules, the measure was unnecessary, and the language could create uncertainty for absentee voters and future changes. Debate also touched on provisional ballots, military and overseas voting, and whether the measure would make future adjustments harder. Later, Senate Bill 2084 passed 35-7 and as an emergency measure. The bill limits wrongful-termination settlements for faculty members at higher education institutions to two times annual salary, including pay and accrued benefits. Supporters said it would provide certainty for universities and regents; questions focused on tenure, free-speech claims, and how the cap would interact with existing tort limits. The Senate also passed Senate Bill 1655 unanimously to allow Oklahoma Complete Health’s Children’s Specialty Program to contact adoptive parents and offer continued voluntary services for post-adoption children, and Senate Bill 1679 was introduced as the “Preserving Oklahoma Values Act,” aimed at codifying adherence to the U.S. and Oklahoma Constitutions and rejecting foreign law, with debate beginning over its enforcement and scope.
CA
Transcript Highlights:
  • It will limit everyone's opportunities to get a UC education.
  • Since the bonds had been sold, UC has identified some debt service savings.
  • The remaining beds have to pay for the market rate bond on that project.
  • We take out what's called lease revenue bonds, which are bonds that are repaid with the student rental
  • The last time we got a GO bond was 2006.
Keywords: 988, house, all
AZ

Arizona 2026 Regular Session

02/10/2026 - House Natural Resources, Energy & Water

House Natural Resources, Energy & Water Committee of Reference

Transcript Highlights:
  • One of them is Fort McDowell Yavapai, and they have aggregate mines in the state of Arizona.
  • One of them is Fort McDow, Yavapai, and they have aggregate mines in the state of Arizona.
  • Also has limestone mines, cement, manufacturing, and aggregates in the state of Arizona.
  • That is the only essential brake pedal, stop sign, you know, speed limit, to enroll in the GRD.
  • Very limited supplies. You know that.
Summary: The committee took up a series of water, mining, and regulatory bills. HB 2260 and HB 2986, both cleanup/technical measures, were passed unanimously with due-pass recommendations after brief staff presentations and no opposition. HB 2827, extending Pinal AMA groundwater fee authority and related fund timelines to support irrigation district infrastructure, also passed unanimously after testimony from district representatives about using the fees for wells, piping, and conservation projects tied to the loss of CAP water. The committee then heard HCM 2009, which urges Congress to amend the Antiquities Act, address split estate mineral rights, and streamline mining permitting. Mining industry testimony emphasized Arizona’s copper and critical mineral production and the economic and national security importance of access to mineral resources; opponents argued the memorial would undermine protected lands and conservation. The memorial passed on a 5-4 vote. HCR 2038, supporting a seven-state Colorado River agreement and Arizona’s position in ongoing negotiations, drew broad support from water interests and passed 9-1. HB 2078, clarifying that expanded public notice for aggregate mine reclamation plans applies only to new plans and not existing mines, passed 9-1 after the sponsor and industry witnesses said it was meant to match prior legislative intent. HB 2026, HB 2027, HB 2028, HB 2031, HB 2094, and HB 2095 were then considered as water-management bills. HB 2026 and HB 2028 passed 6-4 over concerns from ADWR, while HB 2027 passed 6-4 after adoption of a Griffin amendment despite strong opposition from CAP, municipal water users, ADWR, and several cities who warned it could weaken assured water supply protections and CAGRD replenishment obligations. HB 2031 and HB 2094 also passed on narrow 5-4 votes. HB 2095 was still under discussion at the end of the transcript, with opposition testimony from municipal water interests arguing that groundwater availability should be evaluated regionally rather than by a single-well or site-specific approach.
LA

Louisiana 2026 Regular Session

Insurance Apr 23rd, 2026

Insurance

Transcript Highlights:
  • The bonds were paid back, but there were still assessments coming in.
  • On June 1st of this year, we will cancel that bond.
  • The policy limits would only come up in an audit.
  • Aggregated, such as zip code or county.
  • But it's an aggregated number. It's total.
Summary: The House Insurance Committee met on April 23 with a quorum present and first deferred HB 1142. The committee then heard HB 1187, which would direct any excess Louisiana Citizens emergency assessment funds, after related debt is paid, toward the Louisiana Fortified Homes Program or future Citizens debt. Representative Sawyer and Commissioner Tim Temple said the bill would likely redirect about $50 million in one-time surplus funds and would help expand a popular roof-mitigation program that has already awarded more than 4,600 fortified roofs. The bill drew support from several witnesses and was reported as amended without objection. Next, HB 1210, dealing with insurance claim disputes and a pre-suit review process for Louisiana Citizens claims, was discussed. Representative Dana Henry said he was voluntarily deferring the bill and instead pursuing a study resolution after hearing concerns from members and stakeholders. Department and Citizens officials said the proposal was modeled on Florida’s process and could help resolve disputes faster and cheaper, but the bill was ultimately voluntarily deferred after testimony and some opposition cards were noted. The committee then took up HB 1199, which requires coverage for genetic testing and treatment related to SCN2A-associated disorders. Representative Jordan and the Diedon family gave emotional testimony about their daughter Emily’s diagnosis and the importance of timely genetic testing. The bill was amended to require that testing be ordered by a provider and deemed medically necessary by the health plan, with discussion about whether a neurologist should be involved; members said that issue could be refined later. HB 1199 was reported as amended. Finally, the committee considered HB 880, the Louisiana Artificial Intelligence Insurance Fairness Act, which would regulate AI use in underwriting, rating, and claims. After a lengthy discussion about state insurance regulation, McCarran-Ferguson, and concerns that the bill could jeopardize federal broadband funding, Representative Jordan voluntarily deferred HB 880, and HB 920 was also deferred. The committee then heard HB 1221, which would limit the policy data collected for the Louisiana Fortified Program Fund. Former Representative Bowler argued the bill was needed to protect policyholder privacy, while the Department of Insurance and Commissioner Temple said the data is needed for surplus-lines premium tax audits, fraud detection, and consumer assistance after disasters. The discussion continued with questions about what data would be visible and how it would be used, but the transcript ends before a final action on HB 1221 is shown.
AZ

Arizona 2026 Regular Session

02/18/2026 - House Government

House Government Committee of Reference

Transcript Highlights:
  • Unfortunately, my options have been limited or unavailable.
  • The problem is the preemption limits what the cities can do.
  • The problem is the preemption limits what the cities can do.
  • by the project that went out to bond.
  • Was that aggregate amount the increased $8 million?
Summary: The committee heard a series of bills and resolutions, many of them on property, local government, and memorial topics. HB 2079, authorizing a memorial for journalist Don Bolles at Wesley Bolin Plaza, passed unanimously after sponsor testimony about the 50th anniversary of his assassination and the memorial’s no-cost nature. HB 2080, as amended, advanced 7-0 on deed and title fraud prevention measures, including photo ID requirements, notarization and deed-filing safeguards, an assessor alert program, and a felony penalty for knowingly submitting false or forged real-property claims. HB 464, which moves the petition process for municipal improvement districts earlier in the process, passed 5-2 after testimony from Camp Verde, the Yavapai Apache Nation, developers, and the League of Arizona Cities and Towns; opponents argued it could force property owners into infrastructure they do not want, while supporters said it improves transparency and financing certainty. HB 2048, a proposed constitutional referral to withhold pay from state elected officials if the budget is not enacted by April 30, passed 4-3, with supporters saying it would create accountability and opponents saying broader process reforms are needed first. The committee also heard HB 2324, which would allow municipalities with their own fire codes to petition for county-owned buildings inside city limits to be exempt from separate state fire code inspections when conditions are met. County and state fire officials supported the concept, saying it would resolve conflicting statutes and formalize intergovernmental agreements, and the bill passed 7-0. HB 4087, authorizing a memorial plaque for former legislator Barbara Leff, also passed unanimously, with the sponsor noting her service in both chambers and her work on veterans and health care issues. HB 2239, creating a child care grant program and infrastructure fund for underserved and low-income communities, drew extensive testimony from rural parents, child care advocates, and early childhood experts describing child care deserts, workforce losses, and safety concerns with unregulated care. Supporters said the bill would fund the facilities and infrastructure needed to expand regulated child care, especially in rural Arizona; the committee approved it 5-1 with one member present and one not voting. Members also discussed HB 2375, a historic-preservation-related middle housing bill, but the transcript cuts off before final action is shown; testimony reflected a sharp divide between preservation advocates supporting exemptions for historic districts and housing advocates warning the bill could worsen exclusion and housing shortages.
TX
Transcript Highlights:
  • that eliminates the requirements that are applicable to tax bonds.
  • You're basically trying to allow these SUDs to actually use a revenue bond capability.
  • And so the TCEQ process is geared more for taxing revenue bonds like property taxes.
  • Instead, it would have the ability to issue bonds to secure funding.
  • Issue bonds secured by district revenue.
ND

North Dakota 2026 1st Special Session

Legacy and Budget Stabilization Fund Advisory Board Mar 31st, 2026

Legacy and Budget Stabilization Fund Advisory Board

Transcript Highlights:
  • But I will say that there is a limit to that, and that limit is if your pacing requires a certain number
  • stay at the current limits.
  • stay at the current limits.
  • I mean, you can stay within the minority ownership limits if you want.
  • Are we limited?
Summary: The committee met with a quorum, approved the October 22 minutes, and received an update on the planned Legacy Fund transparency website. Jody Smith said the site is in contract negotiations after six bidders responded, with a target go-live around November 1 after added security review. The website is intended to provide downloadable, more detailed public information on the Legacy Fund, including historical changes, legislative allocations, and investment breakdowns. Members asked about comparables and data detail, and Smith said North Dakota would likely be the first state to offer this level of sovereign wealth fund transparency. Scott Anderson of the Retirement Investment Office then reviewed Legacy Fund performance through January 31, 2026, describing strong returns, low fees, and the benefits of diversification. He noted that real estate had been a drag on returns, but it is a small portion of the portfolio, and he discussed market effects from geopolitical events, inflation, credit spreads, and private credit. Members also questioned the in-state investment program and the BND CD-Match program. Representative Bosch moved to pause new transfers to the CD-Match program until the bank reports back, and the motion passed on a roll call vote. The committee also agreed to request a cost-benefit analysis from RVK on that change. After lunch, the committee heard from RVK consultant Jim Voidko on the investment policy statement, focused on the in-state investment provisions. He reported that, after interviews with implementers and stakeholders, RVK found no major policy impediments in the current IPS and no strong calls to change the size limits or core guardrails. He emphasized the importance of risk-adjusted returns, diversification, pacing, exit strategies, and governance, and warned that foregone returns or higher spending obligations can pressure the fund’s long-term mission. He also recommended clearer terminology around “infrastructure,” distinguishing public infrastructure from commercial infrastructure, and noted unresolved policy questions about nexus and economic diversification. The committee then began reviewing proposed IPS updates with Rio staff.
ND
Transcript Highlights:
  • Levy limitation requirements.
  • So we would eliminate all the mill levy limitations except for bonding, so that, you know, there's no
  • restrictions on bonding anyway, and there's also high school tuition that we don't have... ...any limitations
  • restrictions on or send the wrong message to the bonding agencies that bond our stuff.
  • to the bonding agencies that bond our stuff that, you know, but we're not really talking mills anymore
Summary: The Tax Reform and Relief Advisory Committee met with a quorum, approved the March 17, 2026 minutes, and heard a lengthy update from Tax Commissioner Brian Croshys on property tax relief programs. He reviewed the Homestead Property Tax Credit, Disabled Veteran Credit, and Primary Residence Credit, noting increased relief after House Bill 1158 and House Bill 1176, but also discussing how some households “income adjust out” of eligibility over time. Members asked about indexing income thresholds, expanding eligibility by age alone, simplifying administration, county-level notices, and whether the county and state systems could be streamlined. Croshys said the programs are heavily used, largely administered at the county level, and that the department is still refining compliance and reporting; he also said there were no material findings or overarching concerns in the latest review. The committee agreed more detailed PRC information would likely come back in a September meeting, and the chair announced an afternoon recess for lunch before later reconvening. Shelly Myers then presented the statewide property tax increase report, the zero-growth report, and a statistical report on property values and tax levies by class. She explained how county auditors report levy and valuation data, how increases and decreases are counted, and identified counties and cities with the largest percentage changes in growth or decline. She also summarized recent trends: agricultural values remain relatively flat, while residential, commercial, and centrally assessed values have risen over the last five years; in 2025, residential property accounted for the largest share of statewide property tax levies, followed by commercial, agriculture, and centrally assessed property. Committee members asked about unusual zero-growth figures, the effect of annexation and land-use changes, and whether the 3% levy cap was forcing political subdivisions to use reserves or defer spending. Myers said many counties complied by using reserves, delaying capital projects, or limiting increases, and that some counties had not used their full cap. The committee then moved to the stripper oil extraction tax exemption. Commissioner Croshys reviewed the state’s oil tax structure and estimated the revenue impact of keeping stripper wells exempt from extraction tax while still paying production tax. He said the exemption saves operators hundreds of millions of dollars over a biennium, while the state still collects production tax on those wells. He also discussed projected impacts if the exemption were changed for future wells and noted that future outcomes depend on oil prices, production declines, and technology such as CO2 enhanced oil recovery. Nathan Anderson of the Department of Mineral Resources briefly explained the historical difference between the 35-barrel and 30-barrel thresholds for certain wells, citing differences in completion costs and lateral lengths. The committee then heard from EERC CEO Charles Gorecki, who presented an analysis of oil well life cycles and said most oil is produced before wells reach stripper status, but that refracturing or other reinvestment can significantly extend production and keep wells above the threshold for years.