Transcript Highlights:

• The Committee on Retirement and Government Affairs will be meeting at 10:30 in the morning.

Bills: SB1323, SB1863, SB1932, SB1950, SB1956, SB1970, SB1599, SB1312, SB1776, SB1858, SB1985, SB1302, SB1809, SB1401, SB2053, SB1503, SB1553, SB1427, SB1642, SB1421, SB1837, SB1566, SB1567, SB1794, SB1484, SB1557, SB1564, SB1591, SB1395, SB1456, SB1562, SB1613, SB1983, SB1550, SB2065, SB2152, SB2159, SB2172, SB2110, SB2111, SB2114

Keywords: memorial designation, highway, Sheriff Marty Grisham, transportation, Oklahoma Statutes, memorial highway, road designation, John Skelley, motor carrier, administrative hearing, legal representation, corporate liability, aviation, aircraft, surveillance, regulations, fees, Oklahoma statutes, memorial, highway designation

Bills: HB29, HB39, HB77, HB153, HB183, HB211, HB263, HB299, HB324, HB519, HB520, HB533, HB538, HB559, HB562, HB805, HB823, HB1004, HB1011, HB1018

Keywords: insurance fund, retired employees, Ascension Parish, court clerks, premium costs, investment advisory board, HB 39, Act 283, peace officer, law enforcement officer, police certification, citizenship requirement, U.S. citizen, United States citizen, naturalization, lawful permanent resident, green card holder, immigration, public safety, law enforcement hiring

Transcript Highlights:

• They already are in the teacher retirement system.
• Clair County Day system be allowed to join the teacher retirement system.
• c><00:10:06.800> teacher They already are in the teacher They already are in the teacher retirement
• The purpose of this retirement system.
• allowed to join the teacher retirement allowed to join the teacher retirement system.<00:10:18.000

Bills: HB130, HB190, HB123, HB250, HB130, HB190, HB123, HB250

Keywords: HB130, Alabama Board of Licensure for Professional Geologists, Sunset Law, sunset review, licensure board, professional geologists, geology, geologist licensing, board appointments, congressional district representation, gubernatorial appointments, state boards and commissions, professional licensing, regulatory board, Alabama Code 34-41-4, environmental engineering, geotechnical engineering, mining industry, petroleum industry, geological sciences

Transcript Highlights:

• agencies to present a qualifying officer his or her agency-issued badge as a part of his or her retirement
• agencies to present a qualifying officer with his or her agency-issued pistol as a part of his or her retirement
• municipality agencies to sell an agency-issued pistol to a qualified officer at the time of his or her retirement

Bills: HB10, HB33, HB35, HB42, HB74, HB102, HB107, HB10, HB33, HB35, HB42, HB74, HB102, HB107

Keywords: body-worn cameras, dashboard cameras, law enforcement, public disclosure, investigation, transparency, juveniles, nonviolent offenses, intervention program, juvenile detention, youth services, volunteer firefighters, cancer compensation, death benefits, line of duty, first responders, bail reform, cash deposit, judicial discretion, criminal justice

Transcript Highlights:

• The bill extends the compact eligibility to children of retired service members for four years and to
• I'm laying out House Bill 5606 by Representative Wilson, a bill that supports both retiring educators
• Many school districts let unused sick leave disappear when a teacher retires unless a local policy says
• This legislation lets retiring teachers donate unused sick leave to a campus sick leave pool, but only

Bills: HB123, HB5606, HB549, HB2757, HB4359, HB5381, HB1939, HB123

Keywords: HB 123, kindergarten readiness, early literacy, early numeracy, reading screening, math screening, foundational literacy, foundational numeracy, dyslexia screening, reading intervention, math intervention, teacher academy, literacy academy, mathematics academy, interventionist academy, K-3 assessments, school readiness, prekindergarten, tutoring grant, parent-directed tutoring

Transcript Highlights:

• Shell's still a big buyer of of offsets offsets offsets um<00:22:31.640> but<00:22:31.800>
• They're buying because they're going to retire these offsets against their own emissions.
• > these<00:24:50.400> offsets<00:24:50.840> against going to retire these offsets
• against going to retire these offsets against their<00:24:51.360> own<00:24:51.480> emissions
• way to retirement. way to retirement.

Keywords: 1189, house, all

Summary: The meeting began with introductions, approval of the March 6 minutes as amended to add an attendee list, and a brief overview of the day’s agenda. The committee heard two presentations from carbon project developers, with the first from Dylan Jenkins of Finite Carbon. He described Finite Carbon’s work in improved forest management projects, its role in developing carbon methodologies and protocols, and its experience with projects in New England, Appalachia, Alaska, and Canada. He also outlined the difference between compliance and voluntary carbon markets, the role of registries and intermediaries, and the types of buyers in the market, including large corporate buyers and long-term off-take partners. A major focus of the presentation was how forest carbon projects are structured and how credits are monetized. Jenkins distinguished between removals and reductions, explaining that removals come from new forest growth while reductions are tied more closely to baseline assumptions and standing stock. He said improved forest management projects can generate both types of credits, and that removals generally command higher prices because they are easier for buyers to understand and verify. He also emphasized that carbon project commercialization can occur before, during, or after credit issuance, and that landowners may be paid through a variety of structures, including leases, advance fees, per-unit payments, or off-take agreements. Jenkins then addressed the committee’s tax-related questions, saying House Bill 123 appeared intended to treat carbon credit sales similarly to timber sales for local tax purposes. He argued that carbon credits are a forest product and that taxing them can be reasonable in principle, but he stressed that lawmakers should distinguish between commoditization and commercialization when deciding what event to tax. He noted that credits may be created but never sold, and that in some programs landowners retain timber and carbon rights while in others the developer has deeper control over those rights. In response to questions, he said the industry uses protocols, verification, and third-party oversight to address baseline and quality concerns, but acknowledged that baseline setting remains a major point of debate in the market.

Transcript Highlights:

• For retirement rates, we saw that members are delaying retirement a little bit, and in particular, members
• that are eligible for early retirement are deferring that retirement to later ages.
• For retirement rates, we saw that. a little bit shorter.
• For retirement rates, we saw that members are delaying retirement a little bit, and in particular, members
• that are eligible for early retirement are deferring that retirement to later ages.

Summary: The Pension Funding Council met on June 23, 2026, for a work session that began with an overview of the Higher Education Supplemental Retirement Plan (SRP) and a 2025 accounting valuation of that plan. Staff explained that the SRP is a closed defined benefit supplement for higher education employees hired before the 2011 closure, with employer contributions currently pre-funding benefits in institution-specific trusts while institutions still pay benefits on a pay-as-you-go basis. The State Actuary’s office reported that the plan’s accounting position has improved, with combined market assets of about $245 million against $377 million in accrued liability, and that strong market performance since 2022 has increased the asset-to-liability ratio. The office emphasized that this was an educational accounting valuation, not a funding valuation for rate-setting. The council then received the 2025 actuarial valuation report for the state retirement systems. Actuaries reviewed the recent demographic experience study, noting updated assumptions for mortality, retirement, termination, and salary growth, and said the net impact on most plans was small. They reported that most plans’ funded ratios improved, with all plans at least 94% funded and several at or above 100%, and that contribution rates for the 2027–2029 biennium are generally lower than current rates. They also noted that future rates could be affected by market volatility as deferred gains are recognized over the next few years. During public comment, a representative of the Association of Washington Cities urged the council to consider rate reductions to help local governments facing budget pressures. In executive session, the council first approved a motion directing the Office of the State Actuary to perform an actuarial evaluation and analysis of each institution’s Higher Education Supplemental Retirement Plan, including institution-specific contribution rates, asset sufficiency, and funding policy options, due by July 1, 2028. The council then adopted the 2027–2029 pension contribution rates based on the 2025 actuarial valuation report. Both motions passed 5-0, with one member excused. The meeting concluded with no further business.

Transcript Highlights:

• Additional funding would offset the decline in federal reimbursements for those services.
• , and then all other students do have a regular program offset.
• Now we will move to the Teacher Retirement System of Texas.
• Of course, our most important one is providing retirement benefits to our annuitants.
• Emily Navarrete, LBB, and next up is the optional retirement program.

Keywords: 1184, house, all

Transcript Highlights:

• You mentioned something about offsets, and I didn't catch it.
• We're going to call up now the Teacher Retirement System.
• Okay, we'll move on to the Optional Retirement Program.
• Next up is the Optional Retirement Program, or the ORP.
• My name is Linda Whitman, and I am a retired administrator.

Bills: SB1, SB 1

Keywords: appropriations, budget, state funding, education, healthcare, infrastructure, campground safety, youth camp regulations, flood safety, emergency evacuation, health and safety standards, 1185, senate, all

Transcript Highlights:

• My background is recently retired from the Army.
• Page 18 is the retirement system. Page 18 is the retirement system transfer.
• Page 37, this is a teacher's retirement.
• Page 37, this is a teacher's retirement.
• Breakdown on retirement.

Keywords: 959, house, all

Transcript Highlights:

• Supplemental retirement plan is a mouthful.
• in assets is available for every $1... ...offset the accrued liability.
• For retirement rates, we saw that... ...a little bit shorter.
• For retirement rates, we saw that members are delaying retirement a little bit, and in particular, members
• that are eligible for early retirement are deferring that retirement to later ages.

Keywords: 904, all

Transcript Highlights:

• House Bill 23 provides a COLA to retirees of the state employee retirement system.
• It's for retirees over 60 who have been retired for at least one year. Thank you.
• It's for retirees over 60 who have been retired for at least one year. I see no questions.
• This has to do with the MERS retirement system. Basically, and lasers as well. Expans.
• MERS retirement system.

Bills: SR116, SR117, SR118, SR119, SCR68, SCR69, SCR12, HB682, HB766, HB769, HB775, HB783, HB824, HB926, HB1186, HB1201, HB1223, HB1245, HB1247, HB1253, HB1258, HB221, HCR53, HCR62, HCR72, HCR58, HB54, HB137, HB180, HB192, HB310, HB321, HB396, HB512, HB552, HB578, HB638, HB663, HB708, HB717, HB718, HB1009, HB1082, HB1104, HB1107, HB1194, HB1198, HB1246, HB1250, SB29, SB30, SB32, SB41, SB42, SB43, SB47, SB84, SB93, SB113, SB192, SB199, SB219, SB220, SB221, SB222, SB241, SB253, SB255, SB289, SB292, SB306, SB314, SB351, SB399, SB404, SB14, SB102, SB133, SB151, SB165, SB169, SB170, SB200, SB217, SB280, SB291, SB300, SB303, SB330, SB449, SB489, SB521, SB424, SCR9, SB25, SB250, SB348, SB405, SB444, SB485, SB35, SB65, SB132, SB215, SB246, SB249, SB269, SB282, SB296, SB323, SB363, SB369, SB474, SB490, SB492, SB500, HCR26, HCR45, HCR61, HCR77, HCR31, HB649, HB665, HB681, HB721, HB746, HB757, HB781, HB835, HB844, HB857, HB872, HB886, HB889, HB892, HB982, HB987, HB1037, HB1068, HB1072, HB1078, HB1085, HB1132, HB1137, HB1167, HB1174, HB1232, HB1238, HB23, HB136, HB17, HB21, HB51, HB55, HB74, HB106, HB108, HB133, HB140, HB159, HB168, HB215, HB226, HB263, HB296, HB299, HB322, HB364, HB519, HB535, HB538, HB568, HB571, HB622, HB635, HB676, HB772, HB784, HB1006, HB1018, HB1043, HB1070, HB1134, HB1239, HB62, HB193, HB203, HB210, HB220, HB228, HB246, HB420, HB475, HB486, HB574, HB584, HB750, HB813, HB815, HB826, HB870, HB949, HB953, HB1045, HB1092, HB1151, HB1162, HB1176, HB1177, HB1196, HB1214, HB1241, HB36, HB73, HB119, HB126, HB129, HB166, HB211, HB245, HB271, HB280, HB337, HB351, HB354, HB399, HB677, HB712, HB723, HB726, HB728, HB759, HB789, HB850, HB956, HB966, HB1036, SB149, SB382, SB441, HB258, HB842

Keywords: SR116, Senate Resolution 116, Louisiana Senate, condolences, memorial resolution, tribute, Tyler Marie Grezaffi, law enforcement, corrections officer, deputy sheriff, master sergeant, investigator, Louisiana State Penitentiary, Pointe Coupee Parish, Iberville Parish, public service, bereavement, sympathy, SR117, Senate Resolution 117

Summary: The Senate convened with a quorum, heard a prayer and pledge, and then moved through a long calendar of House and Senate measures. Early business included adoption of a large batch of Bureau reports and numerous committee reports, along with several personal privilege recognitions for guests and observances, including Aviation Day at the Capitol, Safe Boating Week, and recognition of a student’s educational achievements. The chamber also received messages from the House on several Senate concurrent resolutions and conference committee reports, including House Bill 842, the omnibus election bill, which was taken up and adopted after discussion of changes to Louisiana election procedures, congressional primary timing, ballot order, and related qualifying and public-records provisions. The Senate also adopted or concurred in several resolutions, including measures on community action, early education, condolences, and a blockchain and digital innovation task force. A major portion of the meeting focused on floor debate and final passage of several bills. Senate Bill 250, dealing with comprehensive weight management services through the Office of Group Benefits, was amended to remove GLP-1 and compounded-therapy provisions and then passed. Senate Bill 348 authorizing local law enforcement to contract for administrative and logistical support for motor vehicle regulatory enforcement passed, as did Senate Bill 405 creating a statewide quality oversight initiative for nursing facilities. Senate Bill 444 and Senate Bill 485, both relating to the new city of St. George’s expropriation and taxing authority, passed after amendments and questions about their local impact. Senate Bill 25, on compensation for registrars of voters and staff, also passed unanimously. Senate Bill 132, requiring exterior master key boxes and school mapping integration for public schools, passed as a school safety measure. The Senate then considered a series of House bills, many of them local or regulatory in nature. These included HB 649 on dual enrollment, HB 665 on hoop nets in North Pass and Manchac Pass, HB 681 on the Lakeview Crime Prevention District, HB 721 on night shrimping in parts of Vermilion Bay, HB 746 on statewide oversized vehicle permits, HB 781 on fleet vehicle registration, HB 835 on charter guide wildlife management area access permits, HB 857 on commingled seafood labeling, HB 872 and HB 886 on menhaden fishing radios and harvest reporting, HB 889 on bulk oyster tagging, HB 892 creating the West End Economic Development District, HB 982 naming memorial highways, HB 987 consolidating LSU energy-related programs, HB 1037 and HB 1072 on DOTD operational reforms, HB 1068 on garbage collection contracting authority, HB 1078 on tuition and fees for distance education, HB 1085 repealing private vehicle inspection sticker requirements, HB 1132 on lab school funding under the University of Louisiana system, HB 1137 limiting adverse employment action against state employees over pronoun use, HB 1167 naming memorial roadways, and HB 1174 recreating DOTD through 2031. Most of these measures passed, often after brief debate and occasional amendments; HB 1085 drew opposition over the loss of inspection-related jobs and concerns about unsafe vehicles, but it still passed. One notable bill, Senate Bill 500 on medical malpractice and the Patient Compensation Fund, was not brought to a vote; after extensive debate about the medical review panel system, claims costs, and proposed certificate-of-merit changes, the author said he would turn it into a study resolution instead.

Transcript Highlights:

• A positive number is showing you offsets to any appropriations. So budget reductions.
• A positive number is showing you offsets to any appropriations. So budget reductions.
• A positive number is showing you offsets to any appropriations. So budget reductions.
• > adjustments,<00:26:14.880> $217.2 then offset by the adjustments, $217.2 then offset
• <00:43:43.040> change, and 26, the group two retirement change, and 26, the group two retirement

Keywords: 1191, senate, all

Summary: The Legislative Budget Assistant staff presented an overview of the Senate changes to the House-passed budget, focusing on revenue estimates, appropriations, and ending balances across the general fund and education trust fund. The presentation emphasized that the Senate’s budget reflected higher revenue assumptions than the House, driven in part by updated April revenue figures, changes to business, tobacco, and real estate transfer tax splits, and different assumptions about video lottery terminal revenue. The Senate also adjusted lapse estimates upward, especially for HHS, after receiving updated information that lapses could be much larger than originally assumed. The presenter walked through the major differences in the surplus statements for fiscal years 2025 through 2027. Compared with the House, the Senate budget generally showed higher revenues, lower or different appropriations in some areas, and larger balances carried forward, including a larger education trust fund balance and a different rainy day fund transfer. The Senate’s approach also changed several policy assumptions, such as maintaining liquor revenue dedication, removing the House’s meals-and-rooms distribution cap, changing the treatment of unique revenue, and altering the process for meeting a targeted revenue amount by giving the governor more flexibility. On the appropriations side, the Senate removed or modified several House reductions and added funding or adjustments in areas including the judicial branch, corrections, HHS, the Human Rights Commission, and certain settlement costs. The presenter also highlighted Senate changes in House Bill 2 and related budget provisions, including a new arts tax credit, a nursing home bed fee, changes to Medicaid premium assumptions, and differences in how motor vehicle inspection repeal and BLT-related revenue are handled. No votes were taken in the portion shown; the discussion was informational and comparative, aimed at explaining the Senate budget changes before conference committee negotiations.

Transcript Highlights:

• OK, do we want the retired mayor to go first, or the, it's we'll start here right to left, my former

Bills: SB 250, SB 375, SB 536, SB 845, SB 1633, SB 1944, SB 1957, SB 2081, SB 2137, SB 2262, SB 2299, SB 2419, SB 2452, SB 2522, SB 2549, SB 2594, SB 2605, SB 2631, SB 2639, SB 2675, SB 3029, SJR 60, HB 22, HB 1392, HB 2525

Keywords: municipal annexation, railroad, adjacent areas, local government, property rights, healthcare provider, Harris County Hospital District, hospital funding, healthcare services, public health program, home loans, nurses, veterans, public servants, Texas Heroes program, low-interest loans, social workers, housing assistance, SB 1633, Texas Tax Code

Transcript Highlights:

• System was formed in 1967, replacing four smaller separate retirement systems.
• But in fairness, they were encouraged to join the retirement system in 1967.
• But in fairness, they were encouraged to join the retirement system in 1967.
• Are towns required to be part of the retirement system in a sense?
• citizen enjoying retired private citizen enjoying retirement<02:40:34.439> but<02:40:34.640><

Keywords: 928, house, all

Summary: The Finance Committee held a hearing on several bills and announced at the outset that no votes would be taken because the measures would go to divisions later. The first major bill, HB 197, would require the state to pay 7.5% of political subdivision employer pension contributions for teachers, police officers, and firefighters. Representative Mike Edgar, the prime sponsor, argued the state had repeatedly reduced and then eliminated its promised share of retirement costs, shifting the burden to municipalities and property taxpayers. He said the bill would partially restore that commitment and provide relief to local governments, businesses, and taxpayers. Several witnesses testified in support of HB 197, including Representative John Cluder, Bradford selectman Marlene Fryer, the New Hampshire Municipal Association’s Margaret Burns, and Epping representative Mark Fone. Supporters said the bill would help with property tax pressure, school budgets, and municipal hiring, and they emphasized that much of the retirement cost reflects unfunded liability decisions made at the state level rather than by local governments. Committee members questioned whether the bill would change local incentives to control costs and how it would affect hiring and compensation. Burns said the state contribution would function as property tax relief because it offsets existing municipal expenses, and she noted the state is already on a long-term schedule to pay down the retirement system’s unfunded liability. After closing the hearing on HB 197, the committee opened a hearing on HB 97, introduced by Representative Tom Buco. He said the bill would continue funding for delayed and deferred wastewater projects and help municipalities finance expensive wastewater infrastructure, which he tied to housing development and local debt planning. No action or votes were taken on either bill during the hearing.

Transcript Highlights:

• We're embedding a cost offset for full and individual initial evaluations. which are for students who
• initial evaluations, cover and retire, cover the retire and rehire penalty for SPED staff returning
• to work within 12 months of retirement. to bring back the experienced teachers, fund salary stipends
• You could consider to strengthen the bill, could be to increase the special ed evaluation. offset.
• This is the first time that's an offset for evaluations is made .

Bills: SB568, SCR5, SB57, SB1447, SB27, SB24

Keywords: special education, funding, individualized education program, visual impairments, accessibility, support services, state education code, SCR 5, Senate Concurrent Resolution 5, Texas School for the Deaf, TSD, Robert Rives, gymnasium naming, building naming, honorary resolution, commemorative resolution, deaf education, hard of hearing, Gallaudet University, alumni hall of fame

Transcript Highlights:

• Plus, if anyone's retiring, they're not getting service credit anymore anyways once you retire.
• Plus, if anyone's retiring, they're not getting service credit anymore anyways once you retire.
• <00:21:03.520> their th000 500 a week well we'd offset their th000 500 a week well we'd offset
• <00:27:06.600> on severely injured and had to retire on severely injured and had to retire
• I'm retired.

Keywords: 928, house, all

Summary: The committee first took up House Bill 216, which Representative Carol Maguire described as a fix to a workers’ compensation/retirement “glitch.” The bill would remove the current limit that only one year of workers’ compensation time can be credited as retirement service time. Maguire argued the limit is arbitrary and affects only a very small number of grievously injured workers, while committee members asked about the fiscal impact, available data, and whether the change could affect workers’ compensation rates or incentives. Mark Kavar of the New Hampshire Retirement System said Labor could not provide data on how many people exceed a year on weekly indemnity benefits, so the fiscal note used a conservative estimate that could be scaled down; he also explained that workers’ comp is not earnable compensation, which is why service credit stops after a year, and noted that many long-term cases move into disability retirement or lump-sum settlements. The committee closed the hearing, entered executive session, and voted ought to pass on HB 216 by a 13-0 roll call, sending it to consent and noting it would also go to Finance. The committee then acted on House Bill 85, adopting Amendment 0037 and then voting ought to pass as amended by another 13-0 roll call. The bill was described as allowing second-year respiratory therapy students to work under supervision using the skills they have already learned, with support from the Hospital Association and no opposition noted. Finally, the committee took up House Bill 267, the animal chiropractors bill. Members said the bill had been approved previously but was vetoed because of a defect; the problem has now been corrected, and the bill is intended to reduce delays caused by requiring veterinary referrals before chiropractors can treat animals. The committee voted ought to pass 13-0 and placed the bill on consent.

Transcript Highlights:

• Okay, this is a bill relative to the clerk of court's retirement system.
• Laura Gail Sullivan, I'm here on behalf of the clerk's retirement.
• expensive amount, if it's offset, is there anything to prohibit them?
• Three retired sheriffs, three active deputy sheriffs, and three retired deputy sheriffs.
• Louisiana Assessor's Retirement Fund.

Summary: The Senate Finance Committee met with eight members present and deferred HB 127. It then considered a series of bills, most of which were reported favorably without opposition. HB 22 revised COLA rules for the clerks of court retirement system, allowing more frequent COLAs when the system is better funded; HB 324 made judicial stipends permanent and added future COLAs subject to available funding; HB 233 increased jury mileage reimbursement; HB 47 reorganized assessor retirement COLA statutes; HB 533 allowed St. Tammany Parish to transfer unused witness-fee account balances to the 22nd Judicial District Court; HB 980 adjusted eligibility for the Firemen’s Supplemental Pay Board; HCR 45 urged Congress to clarify ARPA deadlines for water projects; HB 559 increased court costs in the 4th Judicial District; HB 290 recreated the Department of Treasury and related entities in statute; and HB 382 addressed Joint Legislative Committee on the Budget review authority over Group Benefits plans. The committee also reported HB 1157 favorably, creating a financing bank mechanism for infrastructure projects, and HB 575 favorably, giving youth aging out of foster care preferred access to surplus state vehicles through the Louisiana Property Assistance Agency. Several measures drew more discussion. HB 1236, dealing with pharmacy benefit managers and professional dispensing fees, prompted extensive testimony from the sponsor, the Legislative Fiscal Office, the Department of Insurance, independent pharmacies, and PBM representatives. Supporters said it clarifies and strengthens enforcement of existing PBM law and protects independent pharmacies; opponents argued the bill’s requirement that PBMs bear dispensing-fee costs would be difficult to implement and could raise premiums. The sponsor said he would work on amendments, including clarifying language and a delayed effective date, and the bill was nevertheless moved favorably. SB 25, on registrar of voters compensation, was amended to a revised pay structure and then reported favorably. HB 47 and HB 533 were also presented as funding and administrative cleanups for retirement and court-related accounts, with local support noted. The committee also heard HB 233 on jury duty mileage reimbursement, which the sponsor said updates a 1961 rate and would be funded locally at an estimated average increase of about $4,000 per judicial district. HB 324 on judicial salaries was described as self-funded by the judiciary and subject to available funding, with no budget impact. HB 575 on foster youth transportation was presented as a non-appropriation measure aimed at helping youth aging out of foster care by giving them preferred access to surplus vehicles. HB 382, which concerns the Joint Legislative Committee on the Budget’s role in approving Group Benefits plans, was reported favorably with little discussion. The meeting ended after a motion to adjourn.

Transcript Highlights:

• Withholding offset was allowed for the food tax rebate. SIT was increased by 20%.
• Wiltholding offset was allowed for the food tax rebate. SIT was increased by 20%.
• GRT passed on to purchasers was enacted, expansion of LIFT, and to offset some of the cost of the tax
• It did have a partial offset for the cost by extending the phasing of the income tax rate reductions
• Some revenue-raising provisions to offset some of the cost of the tax relief were based.

Summary: The committee’s final day focused first on a historical overview of New Mexico tax packages by Pam Stokes of Legislative Council Services. She described how tax packages have alternated over the decades between tax relief, revenue raising, and tax reform, with examples ranging from the creation of the gross receipts tax in 1966 to major packages in 1981, 1986, 1991, 1994, 2005, 2019, 2022, 2024, and the vetoed 2025 package. Members discussed how tax policy often tracks revenue conditions, how packages can combine increases and decreases, and how local government gross receipts taxes and hold-harmless distributions have affected communities differently. Several members reflected on past packages, especially the 2004 food tax repeal and the 2013 film tax and manufacturing changes, and noted that tax policy can have major economic and political effects even when it is not “sexy” legislation. The committee then heard a proposal to expand the health care practitioner gross receipts tax deduction to include co-insurance, and to extend the sunset date. Sponsor Senator Figueroa said the bill was intended to help recruit and retain medical providers and build on prior deductions for co-pays and deductibles. Testimony explained that co-insurance is the patient’s share after the deductible, that providers currently absorb the gross receipts tax on those payments, and that the proposal would cost about $30 million to the state plus about $20 million to municipalities and counties, with the exact fiscal impact likely to be updated. Members raised concerns about the effect on local governments, whether insurers could be required to reimburse providers, whether the bill would actually attract doctors, and whether better evaluation measures and sunsets should be added. The sponsor said the bill was part of a broader set of efforts to address provider shortages and that the discussion would continue. Representative McQueen then presented a bill to update the Land Conservation Incentives Act. He and conservation partners said the program has protected more than 500,000 acres but has not kept pace with rising land values, especially for irrigated agricultural land in the Middle Rio Grande. The proposal would increase the percentage of conservation value eligible for the credit, raise the per-transaction cap from $250,000 to $2 million, and make the credit refundable rather than only transferable. Testimony emphasized that the program is voluntary, keeps land in private ownership and production, and helps land-rich, cash-poor landowners preserve farmland and water rights. Members asked about average credit amounts, how easements work, whether landowners could effectively buy land and then use the credit, and whether there should be inflation indexing or a statewide cap. The discussion also touched on water rights, fencing, and the role of conservation easements in protecting agricultural land and compact water deliveries. Finally, Senator Sharer previewed his 2% tax proposal with a historical presentation on New Mexico tax law, using props to illustrate the evolution from early territorial tax codes to the modern tax system. He argued that the state’s current tax structure is overly complex and that recent federal changes have disrupted the personal income tax base. The committee did not take any votes on the day’s presentations; the meeting was primarily informational, with members offering feedback and raising policy concerns for future sessions.

Transcript Highlights:

• to the retirement system. to the retirement system.
• for their retirement years. for their retirement years.
• are retired. are retired.
• Why can't they retire, quote unquote, and continue to work and the retirement the retirement system<00
• He agreed, they're<01:04:10.120> offsets. they're offsets. they're offsets.

Keywords: MS Senate Floor - 7 January, 2026; 10:00 AM, 925, all

Summary: The Senate convened with a quorum present, heard an invocation from Reverend Chip Stevens of First Baptist Church in Jackson, and recited the pledge of allegiance. The body then dispensed with the reading of the journal, committee reports, and bill titles, and received several guest introductions, including the president of Mississippi University for Women, the physician of the day, and the session’s pages. The main item of business was Senate Bill 2004, the Mississippi PERS Stability Act. Senator Sparks explained that the bill would provide a $500 million infusion to the PERS accumulated employers account on July 1, 2026, followed by $50 million annually for 10 years, with backup funding from unobligated general funds if needed. He said the measure was intended to help address the system’s roughly $26 billion liability and to support both state employees and local government employers, noting that the state had already taken other steps to strengthen PERS. The bill was advanced to engrossed status, read for the third time, and placed on the calendar for final passage. Senator Norwood asked whether the funding would help local governments, and Senator Sparks said it would, because the liability is shared by all employers in the system and affects local balance sheets and bond ratings. Senator Bryan then spoke at length in opposition to the broader direction of retirement policy, criticizing the committee process, the fragmentation of retirement legislation, and what he described as incentives for privatization and unfair treatment of new hires. He said he would still vote for the bill because it sends money into the system, but argued that the state should focus retirement benefits on older retirees and avoid further benefit expansions. Senator Sparks responded that the bill was a necessary cash infusion to honor commitments to employees, stabilize the system, and avoid insolvency, and said more PERS legislation would follow.