Video & Transcript Research : 'valuation'

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NH
Transcript Highlights:
  • Without being able to do a full study, I'll always qualify it in a full valuation.
  • . valuation. valuation.
  • <03:37:57.279> on<03:37:57.600> May Um when we prepared the valuation on May Um when
  • we prepared the valuation on May 2nd<03:37:58.960> of<03:37:59.279> this<03:37:59.520>
  • On a full valuation, we would that. Yes.
Keywords: 928, house, all
Summary: The Committee of Conference on HB 1 and HB 2 met to review revenue estimates and begin working through the HB 1 detail change sheet. New Hampshire Lottery Director Charlie McIntyre reported stronger-than-expected lottery performance, raising the current-year return estimate to $27 million and the next biennium estimate to $200 million, with the increase attributed to improved scratch ticket sales and sports betting not hurting revenue as much as expected. Members questioned the assumptions behind the higher estimates, including the impact of $50 scratch tickets and whether the figures accounted for future conversion from historical horse racing (HHR) machines to video lottery terminals (VLTs). McIntyre and committee members discussed machine counts, per-day revenue assumptions, and the likelihood that VLT conversion would increase revenues over time, though the timing and pace of conversion remained an open question. The committee also discussed several gaming-related policy items in HB 2, including changes to kino hours and local option games of chance, and noted that the Senate and House differed on how gaming revenues would be allocated between charities, education, and general funds. Members emphasized that revenue projections should remain conservative because operators, not the state, would control the pace of machine conversion. Representative Sweeney noted that operators could earn more per machine under the VLT model, and McIntyre said the new facilities and expansions were largely concentrated near the Massachusetts border. The committee then moved to the HB 1 detail change sheet. It agreed to Senate position on the Department of Safety’s road toll bureau and international registration program changes, which were described as a zero-cost realignment of positions, and held the Department of Corrections section for later discussion. On the judicial side, members approved a technical footnote fix, but held a new contract counsel item for involuntary mental health admissions and deferred discussion of the public defender program increase. The committee also noted no change for the PE development authority, moved safety rest area funding from HB 2 into HB 1 with no additional cost, and flagged the tourism development fund and other judicial items as issues that may depend on overall available revenue.
KY
Transcript Highlights:
  • This $250 million loan was in lieu of those incentives, and the valuation of $250 million was calculated
  • :07:19.759> incentives<00:07:20.639> and<00:07:20.880> the<00:07:21.120> valuation
  • <00:07:21.680> of those incentives and the valuation of those incentives and the valuation
Summary: The committee met with a quorum to hear a recap of the 2021 special session legislation, Senate Bill 5, and then receive testimony from the Secretary of Economic Development on the Blue Oval SK project and related economic development issues. Staff explained that Senate Bill 5 appropriated five amounts from the budget reserve trust fund for a project tied to a minimum $2 billion investment: $350 million for forgivable loans through the Kentucky Economic Development Finance Authority, $10,639,600 to pay off a Hardin County loan tied to 47 tracts of property, $20 million for Bluegrass State Skills Corporation training grants, $5 million for KCTCS training grants, and $25 million for a KCTCS on-site training center. Staff also noted there were no job-related requirements in the bill itself. The secretary said the Blue Oval SK incentive was structured as a $250 million forgivable loan rather than the state’s usual pay-as-you-go incentives, with clawback provisions tied to jobs, wages, investment, and changes in ownership or operations. He said the project had already exceeded the $2 billion investment threshold, that corporate guarantees were required from SK On and Ford, and that the agreement’s compliance period begins in December 2026 with payments starting in March 2027 and running through 2038. He said the state’s goal after the joint venture dissolution was to protect taxpayers, support affected workers, and preserve future job creation, while also ensuring the money would be repaid if performance targets are not met. Members asked about the workforce impact, the training programs, and whether the jobs targets would be revised. The secretary said the project had about 1,850 workers at the site, with both production and salaried employees affected, and described state-led job fairs, a job portal, and other rapid-response efforts to help displaced workers find new jobs or training. He said Ford had agreed to continue discussions, invest an additional $2 billion in the site for energy storage solutions, and pursue roughly 2,100 new jobs, while the state sought to keep the company accountable for the full repayment obligation if jobs are not created. One senator raised broader concerns about mega-projects displacing small businesses and creating infrastructure burdens in surrounding communities.
TX

Texas 89th Regular

89th Legislative Session May 20th, 2025

Texas House Floor Meeting

Transcript Highlights:
  • Okay, so we're clear—it doesn't affect valuation or appraisals, does it? That is correct.
  • I need to take a look at the property valuations and understand what they have. ...within their district
  • Not the valuations. Everybody likes their home to be worth a lot. It's the rate.
  • This group will provide strategic guidance on asset valuation and investment policy to ensure that the
KY
Transcript Highlights:
  • public pension funds promoting social agendas and lower stock returns, resulting in a 14% decrease in valuation
  • :43.640> in returns resulting in a 14% decrease in returns resulting in a 14% decrease in valuation
  • c> affected<00:08:45.200> companies<00:08:46.200> the<00:08:46.320> two valuation
  • for affected companies the two valuation for affected companies the two largest<00:08:46.880> proxy
Summary: The House Standing Committee on Banking and Insurance met with a quorum and first took up Senate Bill 145, sponsored by Sen. David Givens. The bill would update retail installment contract statutes for automobile sales, allowing retailers with installment contracts shorter than 28 days to begin collections after three days instead of waiting for multiple missed payments, and it also harmonizes a related dollar amount in statute from $10 to $15. The committee asked no questions, and the bill received a favorable expression on a roll-call vote. The committee then heard Senate Bill 183 from Sen. Matt Nunn, with testimony from Chris Nolan of the American Property Casualty Insurance Association. The bill would require proxy advisers acting for the State Retirement System to act solely in the financial interest of current and future retirees and to avoid political or social considerations in shareholder voting recommendations. Supporters argued it would keep politics out of public pensions and align proxy advice with fiduciary duties; members praised the bill and noted Kentucky could be among the first states to adopt such a model. The committee approved the bill with favorable expression after a roll-call vote. The committee also reviewed administrative regulation 808 KAR 9:10 from the Department of Financial Institutions, with no vote required. It then took up House Bill 413, a PBM rebate pass-through bill, with testimony from Sarah Wood of the Diabetes Patient Advocacy Coalition. She said the bill would require 85% of negotiated drug rebates to be passed through to patients at the point of sale, lowering out-of-pocket costs, especially for high-rebate drugs such as insulin, while still allowing 15% to remain with plans. She cited examples from other states and argued the bill would benefit about 650,000 Kentuckians. Hope McClaflin of Anthem opposed the bill, saying it would reduce employers’ ability to use rebates to lower premiums, could disproportionately favor high-cost brand-name drug users, and could create significant costs for state and fully insured plans. Members asked questions about other states’ pass-through rates and the effect on premiums, but no final action on House Bill 413 was taken in the portion of the meeting provided.
NH

New Hampshire 2025 Regular Session

House Ways and Means (03/04/2025)

Transcript Highlights:
  • was something that came up in the hearing about a complicated interaction with allowing municipal valuation
  • but maybe if we decided we wanted to do that, we could solve that too. with allowing Municipal Val valuation
  • of with allowing Municipal Val valuation of polls<01:27:58.040> and<01:27:58.320> conduits
  • 10.239> solve<01:28:10.600> that This complicated interaction with allowing municipal valuation
Keywords: 928, house, all
Summary: The committee first held a public hearing on HB 660, which would require historic horse racing facilities to provide 10% of HHR winnings to host municipalities as mitigation. Representative Om said the bill was intended to offset local costs associated with large gaming facilities, noting that prior gaming measures included opt-in provisions and that this proposal would leave charities and the state whole while taking the 10% from the operator’s share. Members questioned why 10% was chosen and whether municipalities were currently experiencing added costs; Om said the amount was meant to address projected future impacts, not broader municipal budget issues, and cited a study on casino-related community costs. Opponents from the New Hampshire Charitable Gaming Operators Association argued the bill unfairly singled out one industry and said gaming facilities do not impose more municipal burden than other entertainment venues. The hearing closed without a vote, and a member clarified the bill would apply to existing and future casinos/facilities. The committee then opened a hearing on HB 658-FN, which raises the cap on reimbursements from the Oil Discharge and Disposal Cleanup Fund and makes related changes to the Oil Pollution Control Fund. Representative Malloy introduced the bill, and Representative Aly described the funds as an insurance backstop for oil spill cleanup and low-income tank replacement, saying the program helps prevent environmental hazards and satisfies financial responsibility requirements. Bob Scully of the Energy Marketers Association supported the bill but noted that fee changes are ultimately passed on to consumers. Department of Environmental Services officials Robert Bishop and Jennifer Marts explained that the bill would change reporting deadlines, raise the reimbursement cap for low-income homeowners, extend the fee collection period for 10 years, and adjust petroleum import fees based on an actuarial review. They said the funds cover spill response, prevention, and tank replacement, and that the fee structure was designed to keep the funds solvent while balancing costs across fuel categories. Committee members asked about the actuarial basis for the fee changes, why some fees would rise while others would fall, and how the funds are used. DES said the review used 10 years of claims and exposure data and that the fuel oil fee would otherwise need to rise sharply, so the board proposed a smaller increase and rebalanced other fees. Members also asked about the scope of covered oil imports, and DES explained that the fee applies to oil destined for use in New Hampshire, not merely passing through the state. The discussion also covered home heating oil spills, which DES said are often discovered by homeowners or fire departments and are usually caused by tank corrosion, piping, or overfills. No votes were taken during the hearing, and the chair noted that the policy committee had already approved the bill before the finance-focused review.
DE

Delaware 2025-2026 Regular Session

Senate Executive Committee Meeting Jun 24th, 2026

Executive

Transcript Highlights:
  • Second, the legislation does not alter or establish the new valuation classification methodology for
  • Second, the legislation does not alter or establish the new valuation classification methodology for
Bills: HB371
Summary: The Senate Executive Committee met in hybrid format, approved the minutes from its June 17 and June 18 meetings, and considered several nominations and bills. The committee heard testimony from Michael T. Skeuse for the Delaware Thoroughbred Racing Commission and Jay Eric Fearwald for the University of Delaware Board of Trustees; both nominees described their backgrounds and qualifications, and no objections were raised. The committee then moved to legislation focused largely on property tax reassessment and related school-tax issues, along with a technical constitutional corrections bill, an agricultural lands preservation cleanup bill, and a child-safety/service-letter bill. A major portion of the meeting centered on Senate Bill 350, which would create a third multifamily residential tax classification at 1.2 times the residential rate. Supporters argued apartments are housing and should not be taxed as commercial property, emphasizing relief for renters and fairness after reassessment. Opponents, including county and school officials, warned the bill would reduce local revenues, complicate tax administration, and create unintended consequences for counties, municipalities, school districts, and agriculture. Similar themes carried into House Bill 462, which would make the split-rate school tax structure permanent and lower the nonresidential cap to 1.85, and House Bill 463, which would align New Castle County senior school-tax exemptions with county exemption rules; both bills drew discussion about shifting burdens, fiscal impacts, and timing. The committee also heard House Substitute 1 for House Bill 320, a technical corrections bill to the Delaware Constitution, with one public commenter objecting to charter-related changes being included in a correction bill. House Bill 371, which removes the requirement for county farmland preservation advisory boards under the Delaware Agricultural Lands Preservation Act, was presented as a streamlining measure and had support from the Department of Agriculture and public comment in favor. House Bill 438, expanding service-letter requirements to a broader set of child-serving facilities and requiring reporting when employers fail to respond, was described as a cleanup bill closing a safety loophole. After public comment and committee discussion, the meeting ended with a motion and unanimous adjournment; no recorded votes on the bills were taken in the transcript.
FL

Florida 2026 Regular Session

Appropriations Committee on Criminal and Civil Justice Mar 5th, 2025

Appropriations Committee on Criminal and Civil Justice

Transcript Highlights:
  • So on the probate issue, I think I would tend to agree with you that there should be some sort of valuation
  • , but is there another process in place where valuations can then be challenged by another alternative
Summary: The Appropriations Committee on Criminal and Civil Justice met with a quorum and first approved SPB 7014, which terminates the state court system’s mediation and arbitration trust fund; staff noted the fund has no current balance and that filing fees were already redirected in 2011. The bill was reported favorably as a committee bill without objection. The committee then took up CS/SB 48 on alternative judicial procedures for foreclosure sales. Senator Garcia described it as a response to reported abuses in Miami-Dade County, adding longer sale timeframes, stronger notice requirements, rules for alternative sale methods, online auction authorization, and consumer protections for surplus funds. After adopting a technical amendment, members raised concerns about whether the bill was codifying a process they believed should remain with clerks of court and about the new online auction provisions; Senator Garcia ultimately moved to temporarily postpone the bill. Members also approved CS/SB 322, creating a nonjudicial process for sheriffs to remove unauthorized persons from commercial property, and CS/SB 138, which revises DUI-related language from “intoxicating” to “impairing” and allows judicial circuits to create DUI diversion programs. CS/SB 138 drew opposition from some members and testimony from cannabis advocates and defense lawyers who argued the catch-all language was too broad and could sweep in lawful medications or create testing and expungement issues, but it still passed. The committee further reported favorably SB 130 on wrongful incarceration compensation, extending filing deadlines and removing restrictive bars to compensation, and SB 234, which strengthens penalties for violent resistance against law enforcement officers and clarifies that such resistance can lead to life imprisonment if it results in an officer’s death. Both bills received supportive testimony, though SB 234 also drew concerns from defense lawyers about removing language tied to lawful duty and good faith; the sponsor said the bill preserves defenses while focusing on violent resistance. The meeting then adjourned.
NH
Transcript Highlights:
  • So DRA is responsible for determining the total equalized valuation of property.
  • DRA to conduct this ratio study process and to submit the MS1, which is the summary of inventory valuation
  • That we are always splitting the county cost based on a consistent valuation of property across all of
Keywords: 928, house, all
ND

North Dakota 2026 1st Special Session

Employee Benefits Programs Committee May 7th, 2026

Employee Benefits Programs Committee

Transcript Highlights:
  • We actually did have some preliminary analysis done with three different scenarios as of the last valuation
  • We actually did have some preliminary analysis done with three different scenarios as of the last valuation
  • I'm assuming we'll do the same kind of thing so that the board, As of the last valuation date, I'm assuming
Summary: The Employee Benefits Committee met to hear presentations on state employee health insurance, compensation, leave policies, labor market conditions, and prevailing wage issues, then later took up committee rules and bill-draft jurisdiction. PERS reviewed the history and structure of the state health plan, noting the state has paid the full family premium since 1979, described cost-control and benefit-enhancement changes over time, and explained current plan options, wellness incentives, employer wellness discounts, and the upcoming bid process for the 2027-29 contract. HRMS then presented compensation comparisons showing state classified pay generally trails private and regional markets, with larger gaps at higher-level jobs, and reviewed benefits and leave policies, including the new enhanced annual leave and new-hire leave, the state’s unpaid family leave structure, and varying tuition reimbursement practices. Job Service reported on labor force trends, low unemployment, high labor force participation, job openings, and wage growth, and OMB said there are no state prevailing-wage requirements beyond federal Davis-Bacon rules for federally funded projects. The committee then considered a proposed amendment to Joint Rule 211 to better align the health insurance mandate review process with recent statutory changes. Members discussed how the rule should reference both the committee’s required actuarial reports and the Legislative Council cost-benefit analysis, and the amendment was adopted on a roll call vote. The committee also discussed how its jurisdiction decisions affect whether a bill draft receives actuarial analysis, with staff explaining that a decision not to take jurisdiction means the bill is not treated as impacting the relevant retirement or health plans for purposes of that analysis. After that, the committee began reviewing bill drafts for jurisdiction. The first draft, bill draft 33, would automatically renew pre-tax elections for dental and vision coverage during open enrollment instead of requiring annual re-election. Members debated whether it had any actuarial impact, noting the state does not pay those premiums directly, and the discussion was still underway when the transcript ended.
WA

Washington 2025-2026 Regular Session

Joint Transportation Committee Nov 20th, 2025

Joint Transportation Committee

Transcript Highlights:
  • the port's report highlights the fact that just the known projects, the base year for the total valuation
  • Even the Ports report highlights the fact that just the known projects, the base year for the total valuation
  • The base year for the total valuation of the Malaga area will go from $50 million to $1.5 billion in
Summary: The committee first heard an update on the Joint Transportation Committee study of transportation impacts if the Lower Snake River dams were removed. WSDOT and Jacobs described the study’s phases, including current work on geology, infrastructure risk, and a total logistics cost model. They explained that the study is examining how freight now moved by barge—especially wheat, fertilizer, and wood—could shift to rail and roads, and they outlined several scenarios ranging from no-dam future conditions to new unit-train terminals, short-line rail options, and a combined “many solutions” scenario. Members asked about irrigation, impacts in Idaho and Oregon, port capacity, emissions, competition, EV trucks, and whether the model could estimate transportation effects if grain volumes decline. The presenters said the study assumes current production levels continue, does not model irrigation changes or broader farm-economics impacts, but does account for transloading costs and can estimate transportation impacts under different volume assumptions. WSU’s independent review team said the model has improved substantially but still needed refinement, especially in routing, road data, and spatial detail, and that stakeholder engagement had been strong though delayed by model development. No votes were taken. The committee then received a presentation on the alternative sidewalk funding study. Staff and consultants said the study is exploring ways local governments could sustainably fund sidewalk maintenance, repair, and new construction, using a statewide survey, interviews, national research, and case studies in eight jurisdictions. They noted sidewalks are important for pedestrian safety and connectivity, but there is no dedicated funding source in Washington, and existing grants and local revenue tools are highly competitive or limited. The consultants highlighted sidewalk fees or utility-style charges as the most promising option to study, while a parcel tax was largely set aside because of state property-tax uniformity concerns. Members asked whether the study would duplicate existing funding or add to current taxes, and how a sidewalk fee would be collected; the consultants said the goal is to expand local options, not mandate adoption, and that fees would likely be billed through utilities rather than property taxes. A preliminary draft report is due December 15, with a final report due in mid-June. Next, staff gave a brief update on the ocean-going vessels study, which is examining shore power and emissions rules for vessels at berth. The presenter explained that federal Clean Air Act rules and California waiver authority create legal limits on how far Washington can go if it wants to adopt similar standards, and that deviations from California’s approach can increase litigation risk. The report will summarize stakeholder outreach and will be presented in draft form at the next JTC meeting. Finally, county engineers from Chelan and Douglas counties began a presentation on county transportation challenges, with the association’s director emphasizing collaboration with state agencies and local partners on issues such as fish passage barriers and infrastructure needs. The county presentation was only beginning when the transcript ended, and no committee action or votes were recorded.
TX

Texas 89th Regular

Education K-16 (Part II) May 15th, 2025

Education K-16

Transcript Highlights:
  • And on the property valuation impact as well. All of it. Those are great points. Yeah.
  • And on the property valuation impact as well. All of it. Those are great points. Yeah.
  • And on the property valuation impact as well. All of it. Those are great points. Yeah.
Bills: HB2
Summary: The committee continued public testimony on House Bill 2, which would make major changes to public school funding, teacher pay, special education, early learning, school safety, and related programs. Many superintendents and education advocates supported the bill’s overall direction but urged changes, especially a larger basic allotment and more flexible funding for rural and small districts. Witnesses from Paint Creek, West Hardin, Cushing, Blooming Grove, Mildred, Buffalo, Plano, and rural school groups said the bill’s targeted raises and new requirements would not fully cover inflation, TRS/Medicare costs, transportation, insurance, or support staff salaries, and several asked the committee to restore the House version’s higher basic allotment and small-school allotment. Charter school representatives supported the facilities funding changes and said charter schools need state help because they cannot levy taxes, while also noting the funding gap with ISDs. Fine arts advocates asked the committee to restore the fine arts allotment, arguing arts improve engagement, attendance, and academic outcomes, especially in rural and at-risk communities. Early learning and special education witnesses supported parts of the bill but raised concerns about pre-K restrictions, disability-related pre-K access, and the need to preserve or clarify special education provisions and mental health oversight language. Several witnesses praised the teacher pay raise, teacher incentive allotment expansion, and teacher preparation investments, saying they would help recruit and retain educators and improve student outcomes. Others, including counselors and support staff advocates, argued the bill should also include raises for counselors, nurses, librarians, bus drivers, custodians, aides, and other non-teaching employees who keep schools running. One witness from the Texas Counseling Association opposed the substitute because it removed a counselor pay provision, warning of counselor shortages and inequities. A parent and special education advocate said the bill’s structure creates too many strings attached and asked for a larger basic allotment instead of more targeted funding. Another witness from Mental Health America urged keeping the collaborative task force on public school mental health services through 2031, and a disability rights advocate said the committee substitute appears to omit some special education items that were in the House version. The committee also briefly took up House Bill 6, a school discipline bill. After questions about automatic mandatory expulsion for vape possession and concerns about younger students, the committee adopted the substitute and voted to report HB 6 favorably to the full Senate by a 9-1 vote, with Senator Menendez voting no and Senators West and Menendez expressing reservations but supporting further discussion. After that vote, testimony on HB 2 resumed. Senators used the hearing to ask about the bill’s cost, the difference between the basic allotment and the bill’s targeted funding buckets, and whether the permanent teacher pay increase shifts pressure off districts. The bill’s supporters emphasized that it represents an historic, roughly $8 billion investment and that many of the new funding streams are intended to be permanent or to address specific district needs.
NM

New Mexico 2025 Regular Session

Other - PSCOC Apr 14th, 2025

Public School Capital Outlay Oversight Task Force

Transcript Highlights:
  • The volatility in our valuations is a concern.
  • When we went to the voters with $50 million, that allowed us some ceiling in the event of valuation dipping
  • Had we had a 22% drop in valuation, that 60 million evaporates, and so now we're writing hot checks in
ND

North Dakota 2025-2026 Regular Session

Senate Floor Session Apr 2nd, 2025 at 12:30 pm

North Dakota Senate Floor Meeting

Transcript Highlights:
  • 1572 has multiple requests within the bill, from limiting park district bonds at 1% of assessed valuation
  • Bill 1572 has multiple requests within the bill from limiting park districts bonds at 1% of access valuation
  • . from limiting park districts bonds at 1% of access valuation of the taxable property within the district
Keywords: 908, all
Summary: The Senate convened with prayer, pledge, roll call, and a quorum present, then approved a motion to lay over House Bill 1525 for one legislative day. It also voted not to concur with House amendments on Senate Bills 2294, 2297, 2070, 4017, and 2262, appointing conference committees for each. The chamber then took up a series of House bill amendments and final-passage votes. On amendments, the Senate adopted changes to House Bill 1229 on fleeing law enforcement and driving-record transparency after debate over insurance impacts and public safety; House Bill 1510 on teacher retention, on-site child care, and licensure study language; House Bill 1160 to restrict student personal electronic devices during instructional time; House Bill 1429 to address drone harassment and stalking of animals; House Bill 1203 to harmonize medical marijuana provisions; House Bill 1600 to create a UND immigration clinic with reporting requirements; House Bill 1130 to broaden K-12 funding formula changes and reduce state fiscal impact; House Bill 1279 to modify the coal conversion tax exemption; House Bill 1442 to adjust membership and scope of a state task force; and House Bill 1464 to convert a maternal care services proposal into a study and remove the appropriation. The Senate rejected an amendment to House Bill 1022 concerning the Retirement and Investment Office bonus program, then passed the bill. It also passed House Bill 1234 on a $90 million transfer to reduce PERS liability, while rejecting a floor amendment to it. On final passage, the Senate passed House Bills 1008 (Public Service Commission budget), 1218 (temporary moratorium and study on economic analysis for drain projects), 1234 (PERS funding transfer), 1146 (PERS defined contribution cleanup and emergency clause), 1355 (expanded notice for administrative rulemaking), 1470 (Game and Fish fee changes and guide/outfitter updates), 1029 (Capital Grounds Planning Commission duties), 1017 (Game and Fish budget), 1374 (township supervisor open-meeting exemption for on-site inspections), and 1064 (NC-SARA membership and distance education regulation). It defeated House Bill 1583 on false political advertisements with civil-action language and House Bill 1393 on earned wage access provider regulation. The transcript ends as the Senate begins consideration of House Bill 1326 on self-defense and unlawful firearm possession by felons.
NH

New Hampshire 2025 Regular Session

House Education Funding (09/09/2025)

Transcript Highlights:
  • It is based upon median family income and property valuation.
  • based upon medium family income and is based upon medium family income and property<00:50:20.079> valuation
  • property valuation. property valuation.
  • a formula makes the amount more or less depending on criteria like free and reduced or equalized valuation
  • <01:39:36.159> or reduced or equalized valuation or reduced or equalized valuation or whatever
Keywords: 1189, house, all
Summary: The subcommittee opened its first meeting on retained education funding bills, focusing on HB 366, which concerns school building aid for eligible projects, and HB 295, which would make school building aid program funds non-lapsing. The chair framed the discussion broadly around whether school building aid should remain a state program, how to address limited revenues, and whether the current system should continue to prioritize debt service and the existing formula or move toward a different model such as per-pupil allocations, a dedicated fund, or a split between new construction and renovation. He also raised questions about whether leasing should be included and how to manage any new fund under current law and the school building authority structure. Representatives and department staff discussed the current backlog of applications, the age and condition of school facilities, and the possibility that large projects can consume available funding for a year while other districts go unsupported. Tim Carney of the Bureau of School Facilities introduced himself and provided technical context on the program and current debt levels. Representative Luneau argued that under the ConVal decision, the state’s responsibility includes school buildings, construction, and renovation, and that the program also serves an equity function by helping districts with less property wealth. He noted that construction and renovation have long been recognized categories and asked about leasing, which staff said is already supported in statute for charter schools and possibly CTE, with a cap of 30% of annual lease cost or $50,000. The discussion also covered CTE facilities: staff explained that capital funding for CTE centers is state-funded, that federal Carl Perkins funds cannot be used for construction, and that the current rotational capital model means only a few centers are funded each year, which may not match changing program needs. A committee studying CTE capital needs was referenced, along with concerns that the report from that work had not yet been received. Representative Papich urged the subcommittee to focus on policy, principles, and structure rather than just numbers, saying the current system produces a few winners and many districts that never receive aid. He favored a simpler, more equitable per-capita or formula-based approach, while acknowledging the need for a transition plan for projects already in the pipeline. The chair later cautioned against mixing maintenance and operations with construction and renovation, noting that operation and maintenance are already part of the adequacy formula and should not be confused with capital funding. No votes were taken during the meeting; the discussion was exploratory, with members and staff laying out competing approaches and identifying issues for further work.
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Cannabis Policy Jun 21st, 2026 at 10:30 am

Joint Committee on Cannabis Policy

Transcript Highlights:
  • There's a lot of documentation, a lot of valuation work.
  • There's a lot of documentation, a lot of valuation work. It's a big lift to get it done.
  • A lot of valuation work. It's a big lift to get it done.
  • in Massachusetts who are effectively being forced to close their doors or exit at below-market valuations
  • It is not the reason my valuation has changed, but a license cap would decrease my store's value and
Keywords: 995, all
Summary: The Joint Committee on Cannabis Policy held its first hearing of the 194th session to take public testimony on 21 cannabis-related bills. Chairs Donahue and Gómez outlined hearing procedures and noted that written testimony would also be accepted. Much of the hearing focused on the Cannabis Control Commission (CCC), with Senator Mike Moore urging support for S. 90 to create an inspector general unit within the CCC. He argued the commission has suffered from dysfunction, workplace harassment allegations, delayed governance reforms, missed fee collections, and high legal costs, and said stronger legislative oversight is needed. Committee members largely agreed the CCC needs reform, though some expressed hope that new leadership would improve operations. A major theme was market structure and business viability. Representative Tyler testified for H. 183 to raise adult-use purchase limits from one ounce to two ounces, saying the change would reduce confusion and help retailers compete with neighboring states. Senator Payano supported S. 100, which would require a study of cannabis supply and demand to guide cultivation licensing, warning that oversupply is driving down prices and threatening cultivators. The Massachusetts Cannabis Coalition, represented by Ryan Dominguez, backed a package of bills aimed at increasing revenue, reducing regulatory burdens, attracting investment, and stabilizing the market, including higher purchase limits, simpler badge and testing rules, and a phased increase in the retail license cap. Attorneys Kevin Conroy and Mike Ross also supported raising the cap, arguing that the industry lacks capital and that more investment and exit opportunities are needed for provisional and distressed licensees. The most contentious issue was whether to raise the retail license cap from three to six. Supporters, including several business owners and industry advocates such as Peyton Shubrick, Tito Jackson, Armani White, Sean Burt, and others, said the current cap traps owners in declining businesses, prevents exits, and limits access to capital. They argued that many social equity and economic empowerment operators are struggling, that oversupply has pushed prices down, and that allowing more ownership could help businesses scale or sell. Opponents, including Senator Liz Miranda and several social equity operators, warned that lifting the cap now would let larger operators and multi-state companies dominate the market and harm equity-owned businesses. Miranda’s S. 88 would instead strengthen enforcement of ownership limits through audits, whistleblower protections, an anonymous tip line, and greater transparency. Another major topic was worker and consumer safety: Laura Bruno, Danny Carson, Al Vega, and others supported H. 194 after the death of Lorna McMurray, arguing for a CCC workplace and consumer safety department, better ventilation and PPE standards, stronger testing oversight, and retaliation protections for workers. The hearing ended without votes, with members thanking testifiers and indicating the committee would continue reviewing the bills.
FL

Florida 2026 5th Special Session

Appropriations Jun 1st, 2026

Transcript Highlights:
  • procedure for those local governments for their respective levies to increase the amount of assessed valuation
  • exempt from taxation up to all remaining assessed valuations.
  • But when we say that they may adopt a schedule up to all remaining assessed valuation, doesn't up to
  • Remaining assessed valuation doesn't up to that level also include just one extra dollar of exemption
  • We've learned today that property valuations have increased 5.5 percent.
Summary: The Committee on Appropriations took up SJR 2-F, a proposed constitutional amendment to reduce property taxes by lowering assessment caps on non-homestead property, expanding homestead exemptions over time, and allowing local governments to increase exemptions further. The sponsor argued the measure would provide broad property tax relief while requiring revenues to be directed to core services such as public safety, education, infrastructure, and natural resource projects, with a trust fund intended to help local governments transition. Senators raised concerns about the lack of a fiscal score, the effect on counties, cities, school districts, and special districts, and whether the proposal would shift costs to fees or other taxes. Several amendments were debated. Senator Polsky’s amendment to explicitly authorize user fees and non-ad valorem assessments to offset lost property tax revenue failed. Senator Avila’s amendment broadening permissible uses of ad valorem revenue to include county constitutional officers and other expenditures approved by local governing bodies was adopted after debate over whether the bill would otherwise underfund essential functions. Senator Smith’s sunset amendment, which would have made the constitutional changes expire after five years, failed. Senator Smith’s amendment to allow tourism development tax revenue to support public safety and education also failed. Senator Graal’s amendment removing the constitutional trust fund language was adopted, with supporters arguing the Constitution should not promise an unfunded account. Additional late-file amendments were considered. Senator Berman’s proposal to change the ballot title to more neutrally describe the measure as affecting property taxes and local community service reductions failed. Senator Trumbull’s amendment removing school board ad valorem taxes from the proposal was adopted, preserving school taxes. Senator Smith’s amendment narrowing the non-homestead assessment cap reduction to small businesses only failed. The committee then returned to the bill as amended and continued questioning the sponsor about eligibility, fiscal impacts, and whether the proposal could lead to local governments offsetting lost revenue through special assessments or other charges.
FL

Florida 2026 Regular Session

Appropriations Jun 1st, 2026

Appropriations

Transcript Highlights:
  • procedure for those local governments for their respective levies to increase the amount of assessed valuation
  • exempt from taxation up to all remaining assessed valuations.
  • But when we say that they may adopt a schedule up to all remaining assessed valuation, doesn't up to
  • Remaining assessed valuation doesn't up to that level also include just one extra dollar of exemption
  • We've learned today that property valuations have increased five and a half percent.
Summary: The Committee on Appropriations took up SJR 2-F, the proposed constitutional amendment on property tax relief, which would reduce assessment growth on non-homestead property, expand homestead exemptions, create a new exemption for new homesteaders, and direct counties, cities, and school districts to use property tax revenues for specified core services. Senator Avila presented the measure as the governor’s plan to provide historic relief and argued that local governments should tighten budgets and prioritize core functions. Senators raised concerns about the lack of fiscal scoring, the breadth and ambiguity of the permitted uses, the effect on special districts and local services, and whether the proposal would shift costs to fees or other taxes. The committee adopted several amendments, including Avila’s amendment clarifying that ad valorem revenues could be used for county and municipal operations and administration and other expenditures not prohibited by law, and Trumbull’s amendment removing school board ad valorem taxes from the proposal. Other amendments failed, including proposals to allow user fees and non-ad valorem assessments, add a sunset, redirect tourism development taxes, narrow the small-business provision, and change the ballot title to reference local service reductions. Grall’s amendment removing the constitutional trust fund requirement was adopted, while the committee also rejected Berman’s title-change amendment and Smith’s sunset and tourism-tax amendments. The committee then returned to the bill as amended for questions, including extended debate over whether the proposal would affect noncitizen residents, the impact on local government finances, and whether local governments would respond with higher fees or special assessments. The meeting ended with the bill still under discussion after the final round of questions, with Avila saying he would continue working with the governor’s office on the language before the next vote.
FL

Florida 2025 Regular Session

March 13, 2025 - 01:00 PM

Transcript Highlights:
  • not a change in ownership for purposes of Chapter 193 and does not trigger a reassessment of the valuation
  • the valuation of the property. Mr. Chair, that is the bill. Thank you. Any questions on the bill?
Summary: The committee met with a quorum and heard five bills. HB 1097 would rename the Florida Catastrophic Storm Center at FSU as the Florida Center for Excellence in Insurance and Risk Management, transfer the public hurricane loss projection model from FIU to FSU, and provide recurring and nonrecurring appropriations to support independent insurance research and collaboration with OIR and other universities. Members discussed university roles, model oversight, independence from industry funding, and student/workforce benefits. The bill passed favorably on a roll call vote. HB 319 would create a regulatory framework for virtual currency kiosk businesses, requiring registration with the Office of Financial Regulation, consumer disclosures, and penalties for violations. Much of the discussion focused on fraud prevention, especially for seniors, and whether the bill should include transaction caps or stronger recovery tools; AARP supported the bill but urged additional protections. The bill passed favorably. CS/HB 385 made technical changes to the Florida Trust Code and Community Property Trust Act, including decanting, trustee claims, redemption by satisfaction, and homestead transfer treatment; an amendment conforming to the Senate version was adopted, and the bill passed favorably. CS/HB 97 would allow service of process for exploitation injunctions against unascertainable scammers through the same communication method used to contact the victim, such as text or social media, and would let courts freeze funds temporarily while the matter is heard. Testimony from elder law practitioners and AARP supported the bill as a tool against scams, while some members raised due process and overreach concerns; the bill passed favorably. HB 839 would shorten the overpayment recovery window for claims submitted to psychologists and HMOs to match other health providers, with the goal of improving parity and access to mental health care; an amendment was adopted, and the bill passed favorably. The meeting concluded with adjournment after the final roll call votes.
NH

New Hampshire 2026 Regular Session

House Science, Technology and Energy (01/20/2026)

Science, Technology and Energy

Keywords: 1189, house, all