Transcript Highlights:

• And to the right of the February forecast base is the total budgeted amount for each committee area.
• You'll see that the base budget from the February forecast is 331,622,000.
• Um this amount comes from the base spending accounted for by the February forecast consolidated fund
• forecast base for each committee area. forecast base for each committee area.
• So the structure, as I sort of pointed out, every year there is a forecast, and basically that forecast

Bills: HF2440

Keywords: labor market, employment, economic development, funding, data analysis, 1183, house

Transcript Highlights:

• look into the next page, you're going to see here, we have a new adjustment from the FNA updated forecast
• There's a new updated forecast for May 26.
• On that forecast, they take into account this growth that we have seen here from February to May, and
• There's a new updated forecast for May 26.
• On that forecast, they take into account this growth that we have seen here from February to May, and

Summary: The Arkansas Legislative Council met and first adopted the previous meeting minutes, then honored Lori McDonald of the Department of Human Services for nearly 28 years of state service. Members read a resolution recognizing her legislative, constituent, and leadership work at DHS, and the council adopted it unanimously. McDonald thanked members for their support, and the Senate also presented her with a citation, a flag flown over the Capitol, and a commemorative coin. The council then received the May 2026 revenue report, which showed gross adjusted collections of $7.76 billion year-to-date, up 4.4% from the prior year, and net available for distribution of $6.36 billion. The Bureau of Legislative Research noted collections were running above last year and that the updated forecast reflected a surplus. The Executive Subcommittee report was adopted after members were told it had approved captive insurance premiums and deductibles, a claims administration contract, emergency DHS rules, waiver requests, committee fund allocations, and the cancellation of the regular July ALC meeting in favor of only meeting for urgent matters. Several subcommittee reports were then adopted, including Administrative Rules, Game and Fish and State Police, Hospital/Medicaid/Developmental Disabilities, Lottery Oversight, Occupational Licensing Review, Peer Review, Review, State Insurance Programs Oversight, and Personnel. During the Administrative Rules discussion, members questioned the Department of Education about delays and vendor performance under the ClassWallet contract; department officials said they were meeting regularly with the vendor, keeping expense review in-house, and would consider other options if needed. In Personnel, the Department of Commerce clarified that a reallocation request was part of a broader departmental realignment and shared services move, not the Arkansas Workforce Connection waiver. The council also reviewed and took action on several communications, including filing retirement system investment summaries as reviewed, approving rural community grant funding, giving favorable advice for state park acquisitions/expansion, approving special maintenance funding for state parks, and filing proposed Office of State Technology service rates as reviewed before adjourning.

Transcript Highlights:

• look into the next page, you're going to see here, we have a new adjustment from the FNA updated forecast
• There's a new updated forecast for May 26.
• On that forecast, they take into account this growth that we have seen here from February to May, and
• There's a new updated forecast for May 26.
• On that forecast, they take into account this growth that we have seen here from February to May, and

Keywords: 1204, all

Transcript Highlights:

• In its 2025 reports to the legislature, the Public Utilities Commission forecast average annual rate
• Given the massive scale of capital investment that's being forecasted, I think it makes sense to look
• ; requiring the CPUC to consider adoption... ...when costs cannot be easily forecasted, requiring the
• They can help manage costs that are difficult or impossible to forecast.
• They can help manage costs that are difficult or impossible to forecast for many, many years in advance

Summary: The committee first heard SB 804, the Hydrogen Pipeline Safety Act, from Senator Arreguín. He said the bill would designate the State Fire Marshal as the safety regulator for intrastate hydrogen pipelines and require hydrogen-specific standards, while not mandating any pipeline construction or bypassing environmental review. Supporters included labor groups, utility employees, and the City of Burbank, while Air Products opposed unless amended, citing concerns about the bill’s specificity, fee structure, and the need for a hydrogen-specific rulemaking process. The committee discussed safety, fees, and regulatory certainty, and later passed SB 804 on a 9-0 vote to Emergency Management with commitment to take amendments. The committee then took up SB 905 by Senator Becker, aimed at reducing electricity rates by changing utility incentives. The bill would tie part of executive compensation to keeping rates below inflation, require more performance metrics, and allow the CPUC to consider lower returns on equity for certain lower-risk investments and alternative financing options. Support came from consumer, environmental, agricultural, and large energy user groups, while Southern California Edison, CalChamber, PG&E, and utility labor groups raised concerns that the bill could reduce investment, create regulatory uncertainty, and raise borrowing costs. After extensive discussion about utility affordability, wildfire costs, and capital markets, the committee passed SB 905 on a 7-1 vote to Appropriations. SB 913, also by Senator Becker, would create a clearer pathway for distributed energy resources such as batteries and smart thermostats to participate in the resource adequacy market and compete with utility-scale resources. Supporters said the bill would better use existing grid capacity, lower costs, and build on the state’s Demand Side Grid Support Program; PG&E opposed unless amended, saying the use case was not yet proven and was already being addressed in other rulemakings. After the committee accepted amendments, one opposition group moved to neutral and another said it might do so after reviewing the changes. The bill passed 8-0 to Appropriations and was placed on call. Several other measures were heard and advanced, including SB 1196 on faster utility hookups for small energization projects such as ADUs and EV chargers, SB 931 reauthorizing the Diablo Canyon Essential Services Mitigation Fund through 2028, SB 1158 reducing the frequency of joint reliability assessments from quarterly to twice yearly, and SB 1245 directing further study of California’s gasoline market and potential use of non-CARBOB fuel during supply disruptions. SB 1196 and SB 931 both passed with broad support and no opposition after amendments, SB 1158 passed without testimony, and SB 1245 drew strong support from consumer and environmental advocates but opposition from fuel industry and business groups concerned about costs, confidentiality, and fuel standards.

Transcript Highlights:

• And when that need forecasted need.
• You kind of have a forecast about how many families are going to be there, and based on that forecast
• You kind of have a forecast about how many families are going to be there, and based on that forecast
• You kind of have a forecast about how many families are going to be there, and based on that forecast
• You kind of have a forecast about how many families are going to be there, and based on that forecast

Keywords: 912, senate, all

Summary: The joint House committees on Housing and Education heard HB 1713, HD1, which would repeal school impact fees and transfer remaining balances in the school impact fee and certain fair share accounts to the school facilities special fund. The Department of Education testified in opposition, while the Hawaii Housing Finance and Development Corporation, the Attorney General’s office (with comments and suggested constitutional amendments), the Department of Hawaiian Home Lands, the School Facilities Authority, Grassroot Institute of Hawaii, NAP Hawaii, Avalon Development Company, Mark Development, Maui Chamber of Commerce, Housing Hawaii’s Future, Landis Research Foundation, BIA Hawaii, and others testified in support. The Tax Foundation of Hawaii offered comments. The DOE said the bill would weaken a key tool for matching school facilities to residential growth, while supporters said the current program leaves funds unused or restricted in ways that limit their effectiveness. A lengthy discussion followed about the difference between the older school impact fee program and the separate fair share agreements tied to land use entitlements and change-of-zone approvals. DOE Deputy Superintendent Jesse Suki explained that fair share funds are tied to the district where they were collected, may be too small to build a full school on their own, and are held until needed for projects such as Core Ridge, Central and West Maui, and other planned schools. Committee members pressed DOE on why funds had remained unspent for years, how much money was in the accounts, and whether the department had reviewed audit findings about the program. Members also questioned whether homeowners ultimately bear these costs through developers passing them along. The committee did not take a vote during the portion of the meeting provided. The discussion ended with members and DOE debating whether the current statute should remain in place, whether past entitlements should be affected, and whether the bill should be amended to better address remaining construction-related obligations and the use of collected funds.

Transcript Highlights:

• So when you have forecasted forecasted forecasted budgets budgets budgets within<01:20:33.199> health
• But within that, there are budget constraints, as we know we're coming up to a forecasted deficit.
• And so, Representative Fischer, there's an increase forecast that's more there's an increase forecast
• <01:36:01.760> And coming up to a forecasted deficit.
• And coming up to a forecasted deficit.

Bills: HF4421, HF1937, HF4675, HF4715, HF4684

Keywords: county cost share, economically distressed county, human services finance, substance use disorder treatment, SUD services, civil commitment, state aid, county levy, poverty threshold, tax-exempt acreage, property tax exemption, Minnesota human services, county fiscal relief, local government finance, chemical dependency, behavioral health, PACE, elderly, Medicaid, health services

Transcript Highlights:

• . >> Based on the current forecasted estimates beginning in FY 28, which starts in July 27, which is
• And I just want to read you some notes from their November meeting. >> Based on the current forecasted
• And I just want to read you some notes from their November meeting. >> Based on the current forecasted
• And I just want to read you some notes from their November meeting. >> Based on the current forecasted
• >> Based on the current forecasted estimates beginning in FY 28, which starts in July 27, which is 16

Keywords: House streaming session for Thursday, February 12, 2026, 957, house, all

Summary: The House convened with 124 members present, opened with prayer, and approved the previous day’s journal. Members then adopted a congratulatory House resolution honoring the Kent Island High School boys lacrosse team for winning the 2025 Maryland Class 2A state championship. The House also journalized Baltimore City 2026 bond/loan authorization resolutions and moved a series of introductory House bills and bond initiatives through first reading and committee referral without objection. On the special order calendar, House Bill 28, concerning higher education/private career schools advertising, received a favorable report and was ordered printed for third reading. House Bill 226, creating a Department of Disabilities housing programs and affiliated foundations structure, was also reported favorably as amended. Two floor amendments were adopted to that bill: one clarifying that any affiliated foundation may only raise funds or provide support and may not run programs or set policy, and another restoring conflict-of-interest and ethics protections, including limits on family members and public ethics application requirements. A later amendment to HB 226 was rejected by a recorded vote of 95 in the negative, and the bill was ordered printed for third reading. The most extended debate centered on House Bill 229, which increases the Maryland Transportation Authority’s revenue bond limit from $4 billion to $5 billion to help finance the Francis Scott Key Bridge rebuild. One amendment sought to prohibit toll increases without General Assembly approval; its sponsor argued the added borrowing would likely lead to future toll hikes and that elected representatives should vote on them. The floor leader opposed the amendment, saying it would weaken MDTA’s independent rate-setting authority, harm its bond rating, and increase financing costs, while noting the bill is intended to cover bridge reconstruction costs and federal reimbursement timing. After debate, the amendment failed on a recorded vote, and HB 229 was ordered printed for third reading.

Transcript Highlights:

• this is forecasted right yep the<00:54:33.440> forecasted<00:54:34.079> program<00:54:
• 34.839> and<00:54:35.000> people the forecasted program and people the forecasted program
• It would require no—it comes out of the forecast magically.
• It will cost the forecast and the deficit sometime, but not us in this committee.
• It would require no—it comes out of the forecast magically.

Keywords: 1187, senate, all

Transcript Highlights:

• I mean, NOAA does so much more than just weather forecasting.
• AccuWeather is not going to get into the business... ...of flood forecasting because AccuWeather will
• We talked a bit about forecasting and the importance of that.
• and the importance of that that is a huge a bit about forecasting and the importance of that that is
• Army Corps of Engineers and was deployed ahead of a storm that was forecast to hit Florida.

Summary: The committee held an informational hearing on flood risk and flood management in California, with opening remarks emphasizing that flooding is a statewide and growing threat due to climate change, including the possibility of extreme losses in a worst-case event. Members noted recent flooding in places such as San Diego, the Tulare Basin, and Pajaro, and framed the hearing as a way to better understand prevention, response, and how to capture excess water for later use. Jeffrey Mount of PPIC gave the main overview, describing California’s high flood exposure, the different flood types the state faces, and the mix of structural and non-structural tools used to manage them. He stressed that levees, dams, bypasses, land-use planning, flood insurance, and emergency response all matter, but that risk is rising because current standards are based on past hydrology rather than future climate conditions. He also warned that flood management is underfunded, that the National Flood Insurance Program is weak, and that federal support is increasingly uncertain. Members asked about groundwater recharge, permitting, NOAA and federal cuts, and which communities are most at risk; Mount said recharge can help but does not eliminate flood risk, and that small Central Valley communities and heavily developed floodplains are especially concerning. State officials Laura Hollander of the Department of Water Resources and Jane Dolan of the Central Valley Flood Protection Board described the state’s role in forecasting, emergency response, grants, planning, and the Central Valley Flood Protection Plan. They highlighted aging infrastructure, the need for better coordination, and the state’s special liability in the Central Valley after the Paterno decision. Dolan reviewed the history of major floods and said the plan calls for about $1 billion per year over 30 years to meet current needs, while Hollander said the state works with local and federal partners on preparedness, response, and subventions projects. Both emphasized that floodplain planning, regional coordination, and faster permitting are important, but that more consistent funding is needed. A later panel from local flood agencies and districts reinforced those points, arguing that the state’s annual flood funding is below identified needs and that a proposed statewide flood and dam safety bond was reduced substantially in the broader climate bond package. Witnesses urged more routine maintenance funding, support for regional flood planning, and continued federal-state-local partnerships to reduce risk and maintain eligibility for federal assistance. No formal votes or legislative actions were taken during the informational hearing.

Transcript Highlights:

• So here's how our water supply forecast came to us this year.
• We have a new forecast coming out, or a mid-month forecast, beginning of next week, and we're anticipating
• The forecast came to us this year.
• We have a new forecast coming out, or a mid-month forecast, beginning of next week, and we're anticipating

Summary: The Joint Committee on Water Supply During Drought opened its 2025 meeting by electing new leadership. After brief discussion of the committee’s membership and the usual practice of alternating leadership between chambers and parties, members unanimously elected Senator Ron Mazzal as chair and Representative Christine Reeves as vice chair. The outgoing chair, Representative Ybarra, continued presiding for the remainder of the meeting at Senator Mazzal’s request. The committee then heard a presentation from Sage Park of the Rosa Irrigation District on the severe 2025 water year. Park said Rosa is facing very low reservoir levels, declining water supply forecasts, and an earlier-than-planned end to the irrigation season. She described the district’s conservation and drought response measures, including canal shutdowns, pump-backs, leased water, on-farm fallowing and water pooling, emergency well permits, and long-term investments in piping, sealant, drip irrigation, and storage. Park also urged continued emergency drought funding, more efficient state lease funding processes, and support for water releases that benefit fish during drought conditions. Urban Eberhard then presented on the Kittitas Reclamation District and the Yakima Basin Integrated Plan. He described widespread on-farm conservation, reduced acre allocations, early shutoffs expected in late summer, and ongoing infrastructure work such as piping, lining, telemetry, and the Springwood reservoir project. He emphasized that these projects are intended to improve water delivery, support fish flows, and provide future storage, including possible hydroelectric generation as part of feasibility work. In response to a question, he said the districts are monitoring aquifer impacts from canal lining and are working on managed aquifer recharge to direct conserved water to beneficial groundwater areas. No additional votes or formal actions were taken after the leadership elections.

Transcript Highlights:

• So when we look out 20 years, you can see here what we're forecasting in terms of size and quantity of
• here is the single-aisle market, so you can see over the next 20 years the top-line number there we forecast
• And if you look at, you know, Airbus, they put out a similar forecast; it's pretty similar to this.
• there is the single aisle market so you can see over the next 20 years top line number there we forecast
• and if you look at you know airbus they put out a similar forecast it's it's pretty similar to this

Summary: The meeting was an Aviation Caucus gathering hosted at Paine Field and Boeing, with introductions from legislators, aviation organizations, airport officials, and industry representatives. Speakers emphasized the importance of aviation and aerospace to Washington’s economy and the need to better educate lawmakers and the public about the sector’s value. Several participants also highlighted the role of airports in business activity, emergency response, wildfire support, and medical services, and urged attendees to build relationships with legislators to protect and expand aviation funding. A major topic was opposition to the aviation-related tax provisions in Senate Bill 5801, described by speakers as a luxury and privilege tax on aircraft. Legislators and industry advocates argued the tax would discourage aircraft ownership and use in Washington, drive aircraft and business operations out of the state, and harm jobs and tax revenue. They said the caucus would continue working toward repeal of the aircraft tax provisions and broader solutions for aviation infrastructure funding, though they acknowledged the state budget situation makes new funding difficult this year. John Dobson presented data estimating aviation’s large share of state GDP, jobs, wages, and tax revenue, and also raised concerns about aviation fuel tax revenues being diverted away from aviation purposes. The meeting also featured updates on mental health efforts in aviation, with Brian Baumoff of the Pilot Mental Health Campaign describing federal legislation to improve access to treatment and transparency around medications, and a prior state bill aimed at helping pilots navigate medical leave and treatment costs. Haley Coffey of the Aerospace Futures Alliance encouraged participation in its upcoming Hill Day to strengthen aerospace advocacy in Olympia. Boeing representatives gave an overview of company safety and culture changes after recent incidents, workforce and supplier numbers in Washington, production plans including a permanent Moses Lake site and a future Everett narrow-body line, and workforce development programs such as Core Plus Aerospace and tuition support. The caucus also adopted a House resolution honoring Harry R. Anderson for becoming the first person to fly and sail solo to all seven continents, and attendees toured the Boeing facility after the meeting.

Transcript Highlights:

• So, we waited for the February forecast.
• So, we waited for the February forecast.
• :13.440> February because we didn't have the February because we didn't have the February forecast
• forecast yet. forecast yet.
• So, we waited for the February forecast. So, we waited for the February forecast.

Keywords: 1183, house

Transcript Highlights:

• Were you concerned that that forecast would impact the progress of this bill or other initiatives like
• Were you concerned that that forecast would impact the progress of this bill or other initiatives like
• Were you concerned that that forecast.
• > the<00:15:46.800> progress<00:15:47.199> of forecast would impact the progress
• of forecast would impact the progress of this<00:15:47.600> bill<00:15:47.760> or<00:15

Keywords: 1187, senate, all

Transcript Highlights:

• That was based on the December forecast.
• The forecast reflects projected growth based on past expenditures.
• The forecast reflects projected growth based on past expenditures.
• The forecast reflects projected growth based on past expenditures.
• The forecast reflects projected growth based on past expenditures.

Keywords: 1183, house

Summary: The House Committee on Human Services Finance and Policy met to approve prior minutes and then take public testimony on the governor’s budget recommendations for human services. The chair explained the hearing format and noted that DHS declined to testify. Much of the testimony focused on proposed reductions or caps affecting disability waiver services, nursing homes, and elderly waiver programs, as well as related fee and tax changes in the budget. Representatives of ARM argued that the governor’s proposal would cap inflationary adjustments at 2%, limit rate exceptions, cap billable days, and restrict individualized home supports, which they said would worsen workforce shortages, reduce wages for direct support professionals, and destabilize disability services. They said the package would cut about $600 million over four years and could lead to group home closures, higher turnover, and families losing access to local homes and services. Committee members asked about real-world impacts and future rate adjustments, and ARM responded that providers have already planned around expected 2026 rates, so a cap would create immediate budget and staffing problems. Long-Term Care Imperative testified against nursing home-related cuts, saying the budget would cap future rate increases, limit health insurance costs in rate setting, phase out closure-related agreements and incentives, and fail to fully fund the Nursing Home Workforce Standards Board. They estimated the nursing home provisions could amount to a $218 million cut over four years, or roughly $350 million when combined with other underfunding, and said every nursing home and bed in Minnesota would be affected. They also criticized the lack of an inflation factor in Elderly Waiver, a proposed 54% increase in assisted living fees, and possible changes to provider-assessed fine and penalty funds. Members asked about staffing and bed availability, and the testifiers said reduced funding would likely force more beds out of service. A later testifier, Dan Andre of the Minnesota Council of Health Plans, raised concerns about the DHS budget’s proposed increase in the HMO surcharge and about carving pharmacy and non-emergency medical transportation benefits out of managed care. He argued the tax increase would raise premiums for fully insured and Medicare supplement enrollees and that managed care coordination helps members access care and medications. The hearing also included one unrelated, disruptive testimony about the Minnesota Sex Offender Program and other agencies, which the chair redirected back to the human services budget. No votes or formal actions were taken beyond approving the minutes and receiving testimony.

Transcript Highlights:

• Uh, and then all the values here are based on the November 2024 forecast unless you see something else
• <00:38:57.319> uh<00:38:57.760> and based upon the budget forecast uh and based upon
• the budget forecast uh and additional<00:38:58.480> information<00:38:59.480> do<00:38
• the November forecast but the bills<00:39:33.000> this<00:39:33.119> year<00:39:33.240
• so those aren't out February forecast so those aren't out yet<00:39:37.000> till<00:39:37.200

Keywords: 1183, house

Summary: The committee met for an organizational hearing of the Environment and Natural Resources Policy and Finance Committee. Members and staff introduced themselves, with several legislators noting their backgrounds in farming, mining, water management, and outdoor recreation, and the chair reviewed draft committee rules emphasizing decorum, quorum, timely starts, and submitting bill hearing requests to the committee administrator. The committee also heard from nonpartisan staff and caucus staff who will support the committee this session. House Research and House Fiscal staff then provided an overview of the committee’s jurisdiction and the major agencies and programs it oversees. The presentation covered the Department of Natural Resources, Pollution Control Agency, Environmental Quality Board, Board of Water and Soil Resources, Metropolitan Council regional parks and water resources, Conservation Corps of Minnesota, Minnesota Zoological Board, Science Museum of Minnesota, and the Legislative-Citizen Commission on Minnesota Resources. Staff summarized the main statutory chapters and subject areas under each, including wildlife, state lands, mining, water use, air and water permitting, environmental review, wetlands, drainage, and natural resources funding. The finance portion explained the committee’s appropriation types and major funding sources, including direct, statutory, and open appropriations. Staff highlighted the general fund, bonding, the Environment and Natural Resources Trust Fund, the Game and Fish Fund, and the Heritage Enhancement Account, along with how those dollars are typically used for parks and trails, habitat, land acquisition, flood and drainage projects, and agency operations. Members also discussed whether DNR and BWSR responsibilities in overlapping water statutes can conflict; staff said responsibilities are generally clear in statute, though conflicts can occur and are usually resolved.

Transcript Highlights:

• Um, it's a report that would be issued each year as part of the February forecast, or the forecast, and
• <00:18:38.360> or<00:18:38.720> the<00:18:38.840> forecast<00:18:39.920>
• um<00:18:40.480> and February forecast or the forecast um and February forecast or the forecast
• Um, and we had um Senator Rasmussen had offered it when we were discussing the forecast adjustment bill
• Um, this would provide us with more detailed information in the forecast for medical assistance program

Keywords: 1187, senate, all

Transcript Highlights:

• We were going to talk about forecasting.
• You have two different forecasting methodologies.
• Two different forecasting methodologies.
• Forecast, so you are constantly having to sort of reassess where you are with the forecast, and it's
• each side off on the forecast.

Bills: HB2053, HB2116, HB2148

Keywords: stormwater, recharge mapping, water resources, groundwater, appropriation, Arizona, HB2116, Colorado River, litigation fund, water rights, Arizona water law, general fund appropriation, state budget, interstate water compact, Colorado River Compact, water litigation, A.R.S. 45-119, natural resources, water policy, river management

Summary: The committee first considered House Bill 2116, which would appropriate $1 million in fiscal year 2027 from the State General Fund to the Colorado River Litigation Fund. The sponsor said it was a repeat of last year’s request and was intended as a backup if the seven Colorado River basin states cannot reach a new agreement. Arizona Department of Water Resources staff testified in support, explaining the state’s role in ongoing Colorado River negotiations and distinguishing the litigation fund from the executive’s separate Colorado River Protection Fund. The bill received a due pass recommendation on a 17-1 vote. The committee then took up House Bill 2053, which appropriates $100,000 to ADWR for updated stormwater recharge mapping and expands the mapping effort beyond state trust lands to private lands. The committee adopted Chairman Livingston’s amendment, which extended the coordination timeline to one year, broadened the agencies involved, and revised language on site eligibility and the definition of stormwater. The sponsor said the bill would help identify more places to capture stormwater for recharge, while ADWR testified neutral, supporting the mapping work but raising a concern about language tied to appropriable surface water because that is a legal determination for the courts. The amended bill passed 11-7. House Bill 2148 was then heard, proposing to give the legislature authority to appropriate non-custodial federal monies, with requirements for specifying purposes and allowing agencies to spend such funds if the legislature does not act. An amendment excluded university and Board of Regents research grants from the bill’s scope, which the chair said was intended to avoid implementation problems. The sponsor framed the bill as a transparency measure, and members discussed the large amount of federal pass-through funding Arizona receives. The amended bill passed 11-7. After the bills, the committee received a lengthy JLBC presentation comparing the executive budget with the JLBC baseline. Discussion focused on revenue forecasts, the impact of federal tax conformity, state employee health insurance costs, SNAP administrative and error-rate costs under H.R. 1, developmental disabilities and AHCCCS growth, and K-12/ESA funding trends. Members repeatedly criticized the executive budget for funding some ongoing costs on a one-year basis and expressed concern about rising caseloads and supplemental needs. No formal action was taken on the presentation.

Transcript Highlights:

• MMB to no longer assume future general obligation bond authorizations in the budget and economic forecast
• Previously, the budget forecast assumed the enactment of a bonding bill consistent with recent averages
• Previously, uh the<00:02:39.040> budget<00:02:39.360> forecast<00:02:39.840> assumed
• <00:02:40.239> the the budget forecast assumed the the budget forecast assumed the enactment
• As I mentioned earlier, the November 2025 forecast did not include an assumption about the size of the

Keywords: 1183, house

Transcript Highlights:

• February forecast we were looking at a February forecast we were looking at a 6667<00:36:40.640> billion
• So, as Chair Torqulson reminded us, forecasts are forecasts and they're not always accurate.
• So, as Chair Torqulson reminded us, forecasts<00:40:36.320> are<00:40:36.480> forecasts
• <00:40:36.960> and<00:40:37.119> they're<00:40:37.359> not forecasts are forecasts
• and they're not forecasts are forecasts and they're not always<00:40:37.760> accurate<00:40:38.160

Keywords: 1183, house

Transcript Highlights:

• It's actually about 2 years out are forecasting starts 18 to 24 months at a time.
• It's very interesting that right now is the deadline to do forecast for next year.
• And they don't even have the software for us to do that because the forecast model doesn't take into
• Build a budget last year based on a forecast of 3200 students in my district.
• model 100 make it up and local effort, I'm just can't forecast 100 are because we never imagined we

Keywords: 999, senate, all