Transcript Highlights:

• That we'll offset that.
• that kind of it to next year because that kind of helped<00:18:44.400> us<00:18:44.559> offset
• c> of<00:18:45.280> the<00:18:45.440> revenue<00:18:45.679> we helped us offset
• some of the revenue we helped us offset some of the revenue we needed<00:18:46.720> um<00:18:
• much debt on the back end that retires much debt on the back end that retires from<00:25:39.520>

Bills: SB146, SB143, SB144, SB145, HB224, SB152, SB153, SB154, SB162, SB226, SB146, SB143, SB144, SB145, HB224, SB152, SB153, SB154, SB162, SB226

Keywords: supplemental appropriation, FY2025 budget, general fund, Alabama State Board of Public Accountancy, Unified Judicial System, court automation, advanced technology and data exchange, judiciary funding, transportation debt service, highway bonds, bridge bonds, Alabama Department of Transportation, ALDOT, public highways, federal matching funds, state appropriations, bond principal and interest, special funds, budget amendment, SB143

Transcript Highlights:

• their retirement contribution.
• That fund really cannot be lowered because the money is not there to fund that retirement obligation
• their retirement contribution.
• And we used to be able to rely on vacancy credits to offset deficits. We don't have that anymore.
• And we used to be able to rely on vacancy credits to offset deficits. We don't have that anymore.

Keywords: Meeting Start 00:00:00 Commonwealth’s Attorneys, County Attorneys, Prosecutor’s Advisory Council 00:00:18 Approval of Minutes 00:20:09 State Treasurer 00:20:33, 958, all

Summary: The meeting began with testimony from representatives of the Prosecutor’s Advisory Council, including county and commonwealth attorneys, on their proposed budget. They described the scope of their work in district and circuit court, juvenile and dependency cases, specialty courts, guardianship, involuntary hospitalization, and the Rocket Docket program. The witnesses emphasized that their budgets are overwhelmingly personnel costs and warned that proposed cuts could lead to layoffs, reduced retention, and loss of recently added positions. They also said the General Assembly’s recent salary classification plan had improved recruitment and retention, and that underfunding could reverse those gains. A major topic was the Rocket Docket program, which they said speeds lower-level cases through the system, reduces jail costs, and saves money for both counties and the state. They reported that in one circuit, average jail time for certain cases dropped from about 50 days to about 6 days. They also raised concerns that the Rocket Docket line item may not be clearly included in the committee substitute and asked for clarification on how the budget would treat it. In response, the chair said the intent was to move some of those items into the base budget, though the exact structure was still uncertain. The presenters also discussed a 2022 subsidy for county attorney employees tied to retirement contributions, saying it totals about $1.3 million and should not be reduced because the obligation remains. They said the budget would need to support the salary classification plan extensions, House Bill 8 subsidies, and a new case management system that they described as essential to modernizing operations and improving communication with victims and law enforcement. The chair thanked them for the testimony and indicated the committee would continue reviewing the budget. The committee then heard from Deputy State Treasurer Russell Weber, who reported that the treasury has now returned more than $90 million in unclaimed property to Kentuckians. He said the office faces ongoing fraud issues and requested funding for a dedicated legal counsel and a fraud investigator, along with outreach money to educate the public about unclaimed property. He also outlined several capital requests, including the final year of a printer-system lease and replacement of HVAC equipment in the treasury building. Members briefly joked with him about a mineral-rights bill and coal, but no votes or formal actions were taken beyond approving the minutes and adjourning the meeting.

Transcript Highlights:

• Teachers Retirement System. Teachers Retirement System.
• Retirement System, CERS. Retirement System, CERS.
• > retire.
• ready to retire. ready to retire.
• their retirement. their retirement.

Keywords: Meeting Start: 00:00:00 Attendance Roll Call: 00:00:12 Approval of Minutes: 00:01:34 Actuarial Valuation Update – KPPA: 00:02:10 Actuarial Valuation Update – TRS: 00:25:32, 958, all

Summary: The meeting began with roll call, confirmation of a quorum, and approval of the prior minutes. The main presentation was from KPPA officials Ryan Barrow and Erin Saratt on the annual actuarial valuations for the retirement and insurance systems. They said the systems’ funding status improved overall, with three of five insurance funds fully funded, CERS hazardous dropping from over 100% funded to 90.9% because of premium changes, and KRS receiving $650 million in supplemental funding over the biennium. They also reported strong investment returns above assumed rates, higher payroll and membership counts, and resulting actuarial losses tied to higher salaries and premiums, especially on the insurance side. Members asked several questions about what drove the actuarial losses and whether legislation affected them. KPPA said the CERS insurance loss was driven by premium increases and Senate Bill 10, while the pension-side losses were largely due to higher payroll and benefits for Tier 1 and Tier 2 members. They explained that new Tier 3 employees are designed to add no additional unfunded liability, and that the state administers the systems but does not directly control all hiring. Questions also focused on retiree health premiums, which KPPA said rose about 15% for non-Medicare retirees and 38% for Medicare retirees, with the increase attributed to utilization, prescription costs, and the Inflation Reduction Act. The committee then heard from TRS Deputy Executive Secretary and General Counsel Beau Barnes on the 2025 TRS actuarial valuation. He reported that the Retirement Annuity Trust and Health Insurance Trust both received full funding, the retirement trust’s funded ratio improved to 61%, TRS 4 remains well funded with no liability, and the health insurance trust improved to 89.1%. Barnes said TRS is on track to fully fund legacy liabilities within the amortization period, with 2044 as the point when the system reflects 100% funding and 2046 as the last year needing additional dollars for the legacy liability. He also explained that lower assumed investment returns and updated mortality assumptions increased liabilities, but that TRS uses direct rate smoothing for budgeting purposes. At the end of the meeting, the chair circulated a proposed set of “do’s and don’ts of pensions,” emphasizing that future legislation should not create unfunded liabilities. Barnes also noted he would later discuss several legislative proposals for the 2026 session, but the transcript provided ends before that discussion or any votes on those proposals.

Transcript Highlights:

• We looked to see, can we diversify the economy quickly enough to offset that?
• Just as an example for you, they won't go down because I'm looking for an offset.
• And this is way beyond my little family's portfolio for retirement.
• We have to look at the Massachusetts and Pennsylvania retirement funds, and there's an Arizona retirement
• fund as well. retirement funds, and there's an Arizona retirement fund as well.

Transcript Highlights:

• Education trust fund at about $43.5 million. offset by appropriations of about $3.2 offset by appropriations
• A positive number is showing you offsets to any appropriations.
• support um offset by partially offset<00:41:21.280> by<00:41:21.440> some<00:41:21.599>
• That's about $300,000 a year to offset That's about $300,000 a year to offset some<00:43:44.160>
• So they offset each other to zero, but the general fund benefit was about $2.9 million.

Keywords: LBA Briefing on Budget, 928, house, all

Summary: The presentation was an LBA overview of Senate changes to the House-passed state budget, with Michael Kane explaining how Senate Finance updated revenue and spending estimates after April revenue figures and agency discussions. He said the Senate’s revenue outlook was higher than the House’s in some areas, but lower in others, especially video lottery terminal revenue, and that the biggest differences also came from changes to revenue splits between the general fund and education trust fund, lapse estimates, and several policy changes in House Bill 1 and House Bill 2. Kane highlighted several major revenue and policy differences: the Senate changed the business tax, tobacco tax, and real estate transfer tax splits; adjusted liquor revenue dedication; removed the House’s meals-and-rooms distribution cap; delayed the Lakes Region facility proceeds plan; altered the PECARD fund treatment; added a granite patron of the arts tax credit; and changed the treatment of unique funds and video lottery terminal revenue. On spending, he noted Senate changes to judicial, corrections, HHS, human rights commission, and other budgets, including additional settlement costs, higher lapse assumptions, and a different approach to Medicaid premium revenue and retirement savings. He also described Senate additions such as a nursing home bed fee, Hampstead Hospital transition funding, and changes to the YDC claims settlement fund. The presentation focused on comparing House and Senate surplus statements across fiscal years 2025 through 2027, including projected ending balances and rainy day fund transfers. Kane repeatedly emphasized that the numbers were still dependent on final revenues and lapse amounts, and that some balances would be carried forward and trued up later in the biennium. No committee vote or final action was described in the excerpt; it was an informational budget briefing and comparison of the two chambers’ proposals.

Transcript Highlights:

• On the issue of deferring retirement, is this, you know, we all know that we have a retirement age of
• What time are they retiring?
• opportunity to retire early.
• The normal retirement age of 65 and early retirement age of 55 is the same for both plans.
• For retirement eligibility, Plan 2 provides for normal retirement at age 65 with 5 years of service.

Keywords: 904, all

Transcript Highlights:

• And that's used for offsetting salaries, admin fees, IT, phone, stuff like that.
• The accrued leave of the retiring staff, which was $19,148.
• And so instead of, Take the retirement that's expected to happen this biennium.
• So if she retires this year, there are... The 3% will be added to that.
• So if she retires this year, that's where the $100 goes coming.

Keywords: 908, all

Summary: The committee reconvened to work through the amended version of Senate Bill 2025, beginning with a clarification from the Department of Veterans Affairs on the source of funds used to cover the commissioner’s salary equity increase. Commissioner Lonnie Wong explained that the money came from federal highly rural transportation grant administrative/salary funds, within the allowable 10% administrative cap, and that the department had not exceeded that limit. The committee then reviewed the major House changes to the veterans budget, including funding for a veterans benefits specialist FTE, salary equity increases for veterans service officers, additional operating funds, one-time funding for homeless veteran services and the Veterans Post-War Trust Fund, carryover authority for Fisher House and veterans transportation projects, accrued leave, and a document scanning project. Members also discussed a section changing governance authority for veterans affairs and the veterans home, with questions about the ACOVA board and the governor’s appointment authority. The committee debated the appropriateness of using federal grant administrative funds for salary adjustments and the broader shift in authority over veterans affairs, with some members emphasizing legislative control over salaries and budget decisions and others supporting the reorganization as a way to improve administration. After discussion, Amendment 25.092.0203 was moved, seconded, and adopted on an 8-0 roll call. The committee then moved SB 2025 as amended, and that motion also passed 8-0. The meeting then shifted to Department of Corrections and Rehabilitation budget issues, where members reviewed FTE reductions, salary equity funding for correctional officers and parole/probation officers, and the status of federal ARPA dollars that had previously been used to backfill salaries and bonuses. DOCR officials described pay levels for correctional officers and compared them with county jail wages, arguing that the proposed equity funding was needed for retention and competitiveness. Members also discussed transitional facility costs, women’s treatment unit funding, and county jail overflow housing, including new or planned bed capacity in Grand Forks, Burleigh-Morton, Rugby, and other facilities. The committee agreed to continue refining the budget through a new long sheet and planned to request amendments for consideration in the following days before adjourning.

Transcript Highlights:

• If I could ask about retirement security policy.
• Americans deserve security and dignity in their retirement years.
• They face unique challenges in providing retirement benefits to their employees.
• The administration's burden, the burdens and the cost of offering retirement plans sometimes have been
• small businesses that that really do want to help their employees save for retirement.

Keywords: Commerce, International Trade, Tax Policy, Nominees, Inflation, Middle-class, Trade Practices, Economic Concerns

Summary: The committee convened to discuss various bills and nominees, including the critical nominations of William Kimmett for Undersecretary of Commerce for International Trade and Ken Keyes for Assistant Secretary for Tax Policy at the Treasury Department. Discussions highlighted the nominees' roles in managing critical trade and tax policies amidst rising economic concerns, particularly focusing on inflation and its impact on American families. Members expressed both support and skepticism, emphasizing the significance of fostering fair trade practices and ensuring tax policies that benefit the middle-class amidst claims of an agenda favoring affluent individuals and corporations.

Transcript Highlights:

• In terms of retirement contributions for those who are not retired but are working and saving, you will
• Then the next lines, line 6 through 11, relate to some offsets, some repeal of existing tax credits and
• So those help offset the cost of tax conformity listed on line 5.
• Then members, then the next lines, line 6 through 11 relate to some offsets, some repeal of existing
• So those help offset the cost of tax conformity listed on line 5.

Keywords: 1182, all

Transcript Highlights:

• Then, in terms of retirement contributions for those who are not retired but are working and saving,
• Then, members, the next lines, line 6 through 11, relate to some offsets, some repeal of existing tax
• So those help offset the cost of tax conformity listed on line 5.
• Then members, then the next lines, line 6 through 11 relate to some offsets, some repeal of existing
• So those help offset the cost of tax conformity listed on line 5.

Summary: The meeting began with a JLBC presentation on the state budget proposal. Staff reviewed revenue changes from the April forecast, which lowered expected growth slightly, and then walked through major tax policy provisions. Those included full conformity with HR1 for the current tax year, a shift to the provisions of SB 1106 for future tax years, new deductions for retirement/pension distributions and Roth IRA contributions, an increase in the dependent credit, and a child and dependent care subtraction. Staff said the tax changes had an overall fiscal impact of about $1.4 billion over four years. They also described offsets from repealing several tax credits and exemptions, including solar-related tax breaks, a renewable energy production credit, a new employment tax credit, a refundable R&D credit for smaller employers, and a pollution-control device credit, totaling about $75 million in added revenue. Another budget item would redirect Arizona Commerce Authority Competes Fund lottery distributions to the general fund. Members asked questions about the budget’s effect on ACCESS eligibility checks, state employee health insurance funding, and cuts to one-time funding for area agencies on aging and Alzheimer’s programs. The committee then moved to caucus items on several bills. HB 2249, as amended by the Senate, would expand the parents’ bill of rights to include access to a child’s complete educational record and notice if school staff facilitate social transitioning, and would require investigation of prior violations; the sponsor concurred with the amendment. HB 2035 would require DCS and courts to identify and consider extended family for kinship foster care placement, with Senate changes shortening a reporting deadline and adding adopted family members to the definition. HB 2170 would bar state contracts for electronic or IT goods with PRC-controlled companies, with a certification requirement added in the Senate. HB 2573 would remove a waiting period for ignition interlock restricted licenses after DUI revocation and adjust psychotherapy language. HB 2415 on kratom would classify synthetic kratom as a narcotic drug and add advertising, packaging, and retail restrictions, but the sponsor intended to refuse the Senate changes. HB 2873 would let local petition sponsors withdraw municipal referendum petitions retroactively, which members noted could affect the Marana data center petition effort. The final bill discussed, SB 1798, would create a Financial Aid Awareness Program in the Department of Education to recognize schools that support FAFSA completion. Members questioned whether the department would need additional staff or resources, but no fiscal note had been provided. The meeting ended with recognition of interns and a brief photo opportunity before the caucus moved into closed session.

Transcript Highlights:

• Small and mid-sized New Mexico companies receive none of the international offsets, but still absorb

Bills: SB190, SB152, SB77, SB150, SB151, SB156, SB172, SB182, SB185, SB212, SB170, SB133, SB174, SB163

Keywords: cancer treatment, revenue bonds, Gila Regional Medical Center, Nor-Lea General Hospital, healthcare funding, telecommunications, low-income assistance, lifeline, broadband, rural broadband, universal service fund, public regulation commission, PRC, 911 surcharge, telecommunications relay service, VoIP, mobile service, internet affordability, digital equity, digital inclusion

Transcript Highlights:

• All right, former mayor, former mayor and retired Army chairman Farnsworth and Senator Rogers, thank
• I'm sorry, not that I haven't been a mayor for a while, so it's almost a retired Army colonel.
• We’re going to go to SCR 1033, a postcard to the retirement system. Mr.
• This does not require that the retirement system do anything.
• This does not require that the retirement system do anything.

Bills: HB2070, HB2129, HB2227, HB2439, HB2667, HB2745, HB2773, HB2825, HB2873, HB2876, HCR2005, HCR2044, SB1002, SB1036, SB1054, SB1271, SB1432, SB1435, SB1437, SB1439, SCR1022, SCR1031, SCR1033

Keywords: flood relief, Gila County, emergency funding, public safety, environmental cleanup, municipal libraries, annual reporting, state legislation, transparency, government accountability, chiropractic, chiropractor, chiropractic board, state board of chiropractic examiners, license discipline, unprofessional conduct, patient records, record retention, HIPAA, conflict of interest

Summary: The committee first heard SB 1036, which would tighten unemployment insurance eligibility by requiring five weekly work-search actions, weekly reporting to DES, cross-checks against outside data sets before payment, and employer reporting when former employees refuse work or return-to-work offers. The sponsor and supporters said the bill is aimed at reducing fraud and overpayments and encouraging faster reemployment, while DES said it was neutral but warned of implementation costs, added workload, and possible impacts on apprenticeship programs and appeals. After a technical amendment was adopted, the bill received a do-pass as amended recommendation on a 4-3 vote. The committee then considered SB 1054, a strike-everything amendment dealing with city and town emergency measures. The bill would make local emergency ordinances and resolutions subject to referendum, with a 30-day filing window and a ballot vote determining whether the measure remains in effect. Mayors and council members from Payson testified in support, describing repeated use of emergency clauses to pass tax and bond measures and arguing the practice undermines the constitutional referendum right; the League of Arizona Cities and Towns opposed the bill, saying it would defeat the purpose of emergency powers and slow city responses to true crises. The committee adopted the amendment and gave the bill a do-pass as amended recommendation on a 4-2 vote. Next, SCR 1022 was heard, proposing to increase the House from 60 to 90 members, with three House districts nested within each Senate district, subject to voter approval and delayed applicability. The sponsor argued the change would improve representation by reducing the number of constituents per legislator and make Arizona more in line with other states; some members raised concerns about cost, logistics, and the need for more study, while one public witness strongly supported the measure. After adopting an amendment delaying implementation from 2033 to 2043, the resolution received a do-pass as amended recommendation on a 5-2 vote. The committee also approved SB 1271, which would bar municipalities from penalizing businesses based on the number of emergency-service calls or the value of stolen or damaged property, with exceptions for malicious, knowingly false, or frivolous calls. Supporters said the bill protects businesses from being discouraged from calling 911, and the Goldwater Institute said it would preserve access to emergency services while still allowing action on false alarms; the bill passed 6-1. SB 1437, requiring public records to be provided in the least expensive manner possible and electronically when requested, also passed unanimously after testimony from Goldwater about high fees and delays for electronic records. Finally, the committee began hearing SB 1439, a strike-everything amendment creating a Conservative Grassroots Network special license plate and fund, but the transcript cuts off before testimony or action on that item.

Bills: HF2233, HF1524, HF1893, HF1396, HF2456, HF2959, HF2300, HF2412, HF3022, HF2825, HF1862, HF1373, HF1039, HF3070

Keywords: Uniform Special Deposits Act, special deposit, banking law, financial institutions, escrow, escrow account, trust account, security deposit, beneficiary, depositor, creditor process, garnishment, attachment, levy, setoff, recoupment, financial market infrastructure, retirement benefits, compensation, earnest money

Bills: HF2233, HF1524, HF1893, HF1396, HF2456, HF2959, HF2300, HF2412, HF3022, HF2825, HF1862, HF1373, HF1039, HF3070

Keywords: Uniform Special Deposits Act, special deposit, banking law, financial institutions, escrow, escrow account, trust account, security deposit, beneficiary, depositor, creditor process, garnishment, attachment, levy, setoff, recoupment, financial market infrastructure, retirement benefits, compensation, earnest money

Bills: HF2233, HF1524, HF1893, HF1396, HF2456, HF2959, HF2300, HF2412, HF3022, HF2825, HF1862, HF1373, HF1039, HF3070

Keywords: Uniform Special Deposits Act, special deposit, banking law, financial institutions, escrow, escrow account, trust account, security deposit, beneficiary, depositor, creditor process, garnishment, attachment, levy, setoff, recoupment, financial market infrastructure, retirement benefits, compensation, earnest money

Transcript Highlights:

• JRS2, that's retirement for judges.
• to bring long-term retirement. retirees up to current retirement standards, but then I retired in 2002
• So if you've been retired 20.
• My wife retired from the teacher retirement system of Texas in 2001 with 21 years of ERF and TRS State
• I'm blessed that my wife retired with TRS, but not all ERS retirees have a... spouse that retired with

Keywords: 1184, house, all

Transcript Highlights:

• The Texas Emergency Services Retirement System provides retirement, survivor, and disability John Posey
• JRS2, that's retirement for judges.
• So if you've been retired 20 years, it's going to be a little bit more than if you've been retired for
• program that most of us retired in.
• My wife retired from the Teacher Retirement System of Texas in 2001 with 21 years of ERS and TRS state

Transcript Highlights:

• WE HAVE A LOT OF VETERANS THAT RETIRE HERE IN THE STATE OF FLORIDA. >> Senator Wright: THANK YOU.
• THAT IS A PLEDGE AND THE PROMISE COMING FROM A RETIRED MARINE AND I MEAN THAT WHEN I SAY IT.
• HOW DO WE OFFSET THE IMPACT?
• BECAUSE IT WILL IN THE LONG RUN OFFSET SOME BURN OUT.
• ANY TIME WE CAN OFFSET THAT FATIGUE WITH TECHNOLOGY WE REALLY ARE TRYING TO DO IT.

Keywords: 999, senate, all

Transcript Highlights:

• House Budget Review Subcommittee on Personnel, Public Retirement, and Finance.
• So things that maybe were developed 20 years ago, retirements happen, people move on to other things.
• happen, people move on to retirements happen, people move on to other<00:04:50.240> things.
• I believe agencies do have some of it built into their budgets to offset some of the costs, and that's
• modernization funds to kind of offset modernization funds to kind of offset those<00:22:27.120><

Keywords: 0:20 Rollcall 2:28 Definition of Legacy system and demands of modern workplaces 10:48 Discussion of funding and planned expenditures 22:26 Contingency funding 23:16 Adjournment, 958, all

Summary: The House Budget Review Subcommittee on Personnel, Public Retirement, and Finance heard a presentation from the Commonwealth Office of Technology on legacy IT modernization funds and how they are used to address outdated, unsupported, or unsustainable systems. David Carter and Carrie Welch explained the state’s definition of a legacy system under KRS 7A.180, emphasizing not only vendor support issues but also changing business needs, regulatory compliance, and the loss of institutional knowledge for older systems. They described the office’s review process for determining whether a project qualifies, including assessing business risk, comparing options such as upgrades, replacements, shared solutions across agencies, or commercial products, and then matching the project to available funding. The presenters said COT reports twice a year to the Interim Joint Committee on Appropriations and Revenue on progress with legacy modernization projects. They reported 30 projects funded to date, with 18 completed, and said remaining projects are still moving forward while agencies continue to identify modernization needs. They highlighted examples of completed work, including modernized security cameras, replacement of unsupported systems, migration of documents to the Commonwealth Enterprise Content Management Platform, restoration of vendor support, a digital policy acknowledgement portal, replacement of the State Police dispatch system, and digitization of paper records for faster retrieval and better disaster resilience. Members asked for more detail on how the $10 million request would be allocated, including system-by-system spending, the split between software, hardware, vendor contracts, and staff time, and how the office determines when a system needs replacement. COT said it did not have a system-by-system or cost-category breakdown at the hearing but could provide one later, and explained that the funds are intended for development and first-time acquisition costs rather than ongoing maintenance. They also said the $5 million annual request was based on prior years’ experience and that agencies often contribute some funding themselves, so the program could still operate if appropriated less than the full amount. The committee then approved the minutes and adjourned.

Transcript Highlights:

• account, your kids' future retirement account.
• account, your kids' future retirement account.
• account, your kids' future retirement account.
• um Bond that's in your retirement um Bond that's in your retirement account<02:52:41.840> it's
• How many of you'd like your retirement?

Keywords: U.S. House of Representatives Floor Proceedings on Thursday, March 6, 2025, 1012, house, all