Transcript Highlights:

• The bill creates a restated Left 1 fund, which I'll refer to as the RLF, and the pension surplus holding
• —the money, let me rephrase that—the money is not put into the surplus holding account until June 30,
• We have plenty of surplus already allocated over that period of time, broken down into eighths.
• Twenty-five percent of the statewide fire insurance premium tax is distributed to the local governments
• funds should be used for pension issues, and that's why it makes logical sense to use this excess surplus

Keywords: 904, all

Summary: The Select Committee on Pension Policy approved its minutes by roll call vote, then postponed an OSA annual update due to a family emergency. The committee received an Open Public Meetings Act refresher from Assistant Attorney General Kate Adams, who reviewed key compliance points including quorum and serial meetings, notice and agenda rules, executive session limits, public comment requirements, and the consequences of violations. She also noted a litigation hold notice sent to members and provided resources for further guidance. Staff then briefed the committee on E2 Second Substitute House Bill 2034, which restates and terminates LEOFF 1 on June 30, 2029, creates a restated LEOFF 1 funded by transferred assets, and places excess assets into a pension surplus holding account that could later be used by the state. The bill requires DRS to seek IRS guidance, directs OSA to calculate the transfer amount and assess any future unfunded liability, assigns implementation duties to DRS, OSA, the Pension Funding Council, the State Investment Board, and the Treasurer, and requires two SCPP studies on LEOFF 1 medical benefits and policy oversight. OSA’s actuary estimated the transfer to the surplus holding account at about $3.9 billion under current assumptions and said the bill increases the modeled chance of future state contributions if the restated plan falls below 100% funded; members asked about IRS timing, the 2029 transfer date, and whether the 110% buffer is sufficient. The committee also received an update on the LEOFF 1 medical benefits study required by the bill. Staff said the study will examine the administration of pension boards and medical liabilities, likely focusing on medical benefits, and will gather anonymized data from local boards, cities, counties, and related agencies over the next three years. Members and public commenters discussed the number and structure of local boards, whether spouses receive medical benefits, and the possibility of regionalizing or consolidating administration. No action was taken, but staff said they would return with milestones and further updates. Finally, staff outlined a possible Plan 3 study, prompted by DRS, to evaluate whether the original goals of Plan 3 have been met after 30 years. The proposed study would review historical context, member choice outcomes, policy questions, and possible recommendations over a two-year period. The committee also heard an update on new correspondence procedures, including a new online web form, a correspondence log in meeting packets, and removal of correspondence from the public website. During public comment, retiree groups urged the committee to pursue an ongoing COLA for PERS and TRS Plan 1, with interim ad hoc COLAs until then, while LEOFF 1 retirees urged caution about changing the current board structure and emphasized the complexity of medical benefit administration.

Transcript Highlights:

• In years when there is a surplus, the legislature often does not fund capital projects with severance
• It would just be a portion of that surplus dollars that would go towards funding projects and it...
• So the distributions happen now in October. We just did the recent...
• They'll get a distribution on a tiered system.
• They're receiving a smaller percentage than a full distribution.

Transcript Highlights:

• Trotsky legislation that would accomplish most of this, you put 90% of the surplus in there.
• balance... is not structural surplus.
• taxpayers who built this surplus that don't own homes and won't benefit from compression?
• We would argue for a majority of that $24 billion surplus.
• With another budget surplus, it is our responsibility.

Bills: HB8, HB9, HJR1, HB22, HB8, HB9, HJR1, HB22

Keywords: HB 8, school finance, compressed tax rate, maximum compressed tax rate, MCR, PYMCR, property tax, school district taxes, Education Code, Tax Code, state aid, school funding formula, local school taxes, Texas school finance, tax rate compression, public education funding, ad valorem tax, tangible personal property, income-producing property, business personal property

Transcript Highlights:

• Without objection, the minutes of the May 11th, 2026 meeting will be approved as distributed.
• Distributed. All right. Brief introduction to the committee for those of you that are new.
• So this acted like a sort of transfer center for all of the hospitals to distribute those patients.
• So this acted like a sort of transfer center for all of the hospitals to distribute those patients.
• The National Association of Insurance Commissioners has established a three-to-one premium-to-surplus

Summary: The Committee on Director Nominations met with four members present and approved the prior minutes without objection. Chair Jay Kaufman outlined the committee’s role in reviewing executive nominations and explained the hearing process for three nominees: Mary Foote for the Office of Economic Opportunity, Debbie Johnston for the Department of Health Services, and Chuck Bassett. Foote did not appear for her hearing, and members discussed her absence and alleged omissions in her disclosure materials, including prior service with Planned Parenthood-related organizations. The committee then moved to reject her nomination, and the motion passed 3-2, recommending that the full Senate reject Mary Foote. Debbie Johnston, nominee to lead the Department of Health Services, appeared and gave an opening statement describing her Arizona background, prior Senate staff work, and more than 20 years with the Arizona Hospital and Health Care Association. She said her priorities at ADHS include rebuilding trust in public health licensing, improving stakeholder engagement, standardizing rulemaking communication, addressing alleged religious discrimination and retaliation concerns in licensing, and using technology and AI to improve efficiency. In questioning, senators pressed her on her management style, conflict-of-interest safeguards given her prior industry role, enforcement priorities, budget pressures, behavioral health and assisted living oversight, and the department’s response to COVID-19. Johnston said she would follow statutes, recuse herself from enforcement matters involving former contacts, and resign if directed to carry out an unlawful policy. She also said the department does not regulate therapy itself, only facilities, and that it would rely on legal counsel regarding the governor’s conversion-therapy executive order and related federal civil-rights allegations. Several senators focused on public health trust and the department’s pandemic response, with Johnston acknowledging concerns about closures, data collection, and communication during COVID-19 while saying she would review past after-action materials and be better prepared in the future. Public testimony from stakeholders in aging services and health care strongly supported her confirmation, praising her accessibility, responsiveness, and collaborative approach. After testimony, the vice chair moved to recommend Johnston’s confirmation to the full Senate. The roll call was underway when the transcript ended, with several members voting aye and one member expressing reservations about her not reviewing the pandemic after-action report before another crisis occurs.

Transcript Highlights:

• In addition to critical work such as distribution line extensions and service line extensions, utilities
• We are going to have a surplus of capacity going into the summer of about 1,450 megawatts, so that's
• We think about generation, we think about the system, transmission, distribution, market operations,
• We think about the system, transmission, distribution, market operations, greenhouse gas emissions, cost
• Surplus interconnection would be another. Advanced conductors and grid-enhancing technologies.

Summary: The committee first heard AB 1026 by Assembly Member Wilson, which would require investor-owned utilities to provide clearer front-end information and follow more consistent timelines for post-entitlement energization applications tied to housing projects. The author and supporters from the Housing Action Coalition and Mission Housing said utility delays can hold up approved housing, add costs, and create uncertainty, and they argued the bill would align utility processes with recent state efforts to streamline local permitting. PG&E and Southern California Edison opposed the bill, saying existing CPUC timelines and the ongoing energization rulemaking already address the issue, that the bill could be duplicative or premature, and that some proposed timelines were too short. The committee discussed the bill’s relationship to the CPUC’s September 2024 decision, and AB 1026 was ultimately approved on a 15-0 vote, with the consent calendar also passing. The second half of the hearing was the committee’s annual oversight hearing on electric reliability. Representatives from the CPUC, CEC, CAISO, and DWR reviewed lessons from the 2020 and 2022 heat emergencies, emphasizing that California has since added significant resources, improved planning, and created backstop programs such as the strategic reliability reserve. They said the summer 2025 outlook is cautiously optimistic, with no expected shortfalls under traditional planning conditions and a projected surplus, though wildfire and extreme heat remain risks. The agencies also described major changes in planning and operations, including more battery storage, updated resource adequacy rules, expanded transmission planning, and reforms to the interconnection queue. Members asked about data center load, Diablo Canyon’s future, the strategic reliability reserve, demand response, wildfire mitigation costs, affordability, and regional market expansion. Witnesses said data center demand is a major variable but can be managed through better forecasting, flexible service arrangements, and siting in areas with existing capacity; they also said firm clean resources remain valuable while planning continues around Diablo Canyon’s scheduled retirement. On affordability, they said the agencies try to balance reliability with least-cost procurement, and that new resources can lower market prices even as they require upfront investment. CAISO also highlighted the value of the Western Energy Imbalance Market and the planned day-ahead market, saying regional coordination improves both reliability and cost savings.

Transcript Highlights:

• So when that rolls around, if the surplus is there, the fund will be replenished to 50 million, and the
• > is<00:04:44.720> there<00:04:45.360> the<00:04:45.520> fund the if the surplus
• is there the fund the if the surplus is there the fund will<00:04:46.000> be<00:04:46.160>
• The money that's been distributed in the past seems to have kind of gone to other legitimate needs, but
• Again, distributed by Minnet.

Transcript Highlights:

• Those distributional considerations are among the most important, and they are upstream of the choices
• Meng is that the program in the past has had a massive surplus of allowances and offsets.
• So are we having trouble predicting our revenue stream and our pricing because we have such a surplus
• And would you be generally an advocate of decreasing that surplus?
• Demand-side grid support and distributed electricity backup assets, or the SGs and DIVA.

Summary: The Budget Subcommittee No. 4 hearing focused on the Greenhouse Gas Reduction Fund (GGRF) and cap-and-trade reauthorization, with members and panelists discussing how to balance climate goals, affordability, and legislative oversight. The chair emphasized the hearing as a broad review of past GGRF spending and future options, while the LAO outlined how GGRF revenues are generated, how variable they have been, and the tradeoffs between continuous appropriations and annual budget control. Two academic panelists, Dr. Kyle Meng and Danny Cullen Ward, argued that cap-and-trade remains an effective climate policy, but stressed that future revenue will depend heavily on market design, allowance allocation, and price levels. They also raised the idea that GGRF could be used more directly for affordability, especially by lowering electricity costs, and for targeted investments in technologies that the market would not otherwise support. Committee members pressed the panelists on where revenues come from, how much has actually been spent, and whether continuous appropriations reduce oversight. CARB staff said more than $33 billion has been generated to date and a little over $11–12 billion has been spent, with the rest committed or in process, and noted that project timelines can be lengthy. Members also asked about ways to lower electricity rates, reduce wildfire-related utility liabilities, and support electrification. The panelists said transportation fuels are the largest source of GGRF revenue, that industrial emitters receive a smaller share of free allowances, and that reducing wildfire liability and investing in grid-scale batteries could help lower costs and speed decarbonization. Public commenters largely urged the Legislature to preserve or expand continuous appropriations for specific climate programs. Speakers supported funding for nature-based solutions, natural and working lands, urban greening, agricultural climate solutions, waste and composting programs, clean transportation, AB 617 community air protection, clean cars, transit, affordable housing near transit, and dairy digesters. Several groups argued these programs are cost-effective, provide public health and affordability benefits, and should receive dedicated shares of GGRF. Others urged reducing free allowances and using more GGRF revenue to directly lower energy costs for households. No votes were taken during the hearing.

Transcript Highlights:

• Even under 2020 conditions and '22 conditions, we still have surplus.
• We have 6,600 megawatts in surplus for 2026.
• If we had a normal event, a normal summer, under 2020 conditions, that surplus is reduced to 4,500, but
• The next slide then kind of goes into, while we have surplus and an extraordinary condition where you
• The four columns are: how much surplus or deficit do you have under a planning standard?

Keywords: 988, house, all

Transcript Highlights:

• Next year we're expecting to have a TABOR surplus.
• So in listening a a Taber surplus year.
• In Taber surplus years, we can't money.
• year 2025 2026 is a non-taber surplus year 2025 2026 is a non-taber surplus year,<01:43:42.800><
• expecting to have Taber surplus. expecting to have Taber surplus.

Keywords: 981, all

Summary: The House opened with the national anthem, the Pledge of Allegiance, and a roll call establishing a quorum. Members then approved the journal of April 8, 2026, and heard several introductions and tributes, including recognition of Home Education Day in Colorado, a welcome to Sigma Lambda Gamma members, and a reminder about an education luncheon. The chamber then recessed briefly before moving into second reading and floor consideration of bills. The main substantive debate centered on House Bill 1357, which phases out the Teacher Recruitment Education and Preparation (TREP) program. Supporters said the program serves a relatively small number of students, costs more per student than community college alternatives, and should be wound down so limited state education dollars can go to core services and the school finance formula. Opponents argued the state had promised the program to students who planned their education around it, including some who turned down scholarships, and said the change would harm future teachers and should have been treated as a pause rather than an end. The House adopted an appropriations amendment (L003), withdrew a proposed substitute amendment (L005), and then passed HB 1357 as amended. The House also passed House Bill 1358, which reduces the appropriation for the Colorado Academic Accelerator Grant Program by $5.2 million in general fund. The sponsor described it as a grant program supporting community learning centers and math/STEM enrichment, but said funding will end after the following fiscal year and the program must step down so families can seek other services. The bill was adopted without further opposition. Finally, the House considered House Bill 1359, which redirects certain revenue from public school land natural resource removals to the state public school fund rather than the permanent fund, with projected transfers of $25 million in FY 2025-26 and $45 million in FY 2026-27. Supporters said the measure is needed to help balance the budget. An opponent raised concerns about impacts on a constituent ranch lease tied to a proposed green energy project, but the sponsor clarified the bill applies only to royalties and leases on state-owned public school lands. The House then adopted HB 1359.

Transcript Highlights:

• Without objection, the minutes of the May 11th, 2026 meeting will be approved as distributed.
• Distributed. All right. Brief introduction to the committee for those of you that are new.
• So this acted like a sort of transfer center for all of the hospitals to distribute those patients.
• The National Association of Insurance Commissioners has established a three-to-one premium-to-surplus
• on hand, and... ...despite having only approximately a billion dollars of surplus on hand.

Keywords: 1182, all

Transcript Highlights:

• , our carryover balance, is not structural surplus.
• So the distribution of benefit across, uh, all quintiles of, uh, Texas residents.
• who've built this surplus that don't own homes and won't benefit from compression?
• Leave, leave our surplus alone. I, I, I heard just a couple of times.
• Uh, we would, we would argue for, uh, a majority of that $24 billion surplus.

Bills: HB8, HB9, HJR1, HB 22

Keywords: HB 8, Texas public school accountability, school accountability, public school transparency, STAAR, state assessments, instructionally supportive assessment program, Student Success Tool, Texas Education Agency, TEA, accountability ratings, A-F ratings, through-year assessment, benchmark testing, norm-referenced assessment, college career military readiness, CCMR, local accountability plan, school district performance, campus turnaround

Transcript Highlights:

• has caused many public health, police, higher education, and other organizations to refrain from distributing
• This bill would legalize the sale and distribution of the strips and the testing equipment used solely
• and criminal civil liability through a Good Samaritan provision that protects people who use or distribute
• and criminal civil liability through a Good Samaritan provision that protects people who use or distribute
• It would allow the strips to be sold at stores or distributed by organizations that are not harm reduction

Keywords: 995, all

Summary: The Senate took up a series of resolutions and bills, beginning with unanimous adoption of resolutions congratulating two Eagle Scouts. It then advanced several local and special acts, including measures on Machado-Joseph disease awareness day, the Ipswich senior tax referral program, Swampscott conservation commission appointments, protections for individuals with disabilities in MassHealth day habilitation programs, continued employment in Brookfield, Marblehead parking fines, Natick’s home rule charter, and Boston affordable housing/branch library space. The chamber also suspended Joint Rule 12 to refer several House petitions to committees. The Senate enacted House bills authorizing additional wine and malt beverage licenses in Lexington and a means-tested senior property tax exemption in Melrose. It also passed Senate Bill 2603 on affordable car rentals after adopting an amendment; supporters said the bill would reduce rental costs by changing Massachusetts’ rental car insurance rules to align with most other states. Senate Bill 1057 on fentanyl test strips was also passed to be engrossed after Senator Creem argued the bill would expand access to a low-cost overdose prevention tool and save lives. Senator Moore then spoke in support of expanding Nikki’s Law to cover MassHealth day habilitation programs, describing the bill as a needed protection for people with autism and intellectual and developmental disabilities. A major portion of the meeting focused on House 4530, a FY2025 supplemental appropriations bill providing $234 million for hospitals and community health centers. Senators discussed the Health Safety Net shortfall, rising health care costs, underinsurance, and federal reimbursement; Ways and Means explained that about $93 million was expected back in federal financial participation, making the net state cost about $140 million. The Senate also took up House 4531 on the 2026 state primary election date, rejecting an amendment before passing the bill to engrossment. The chamber later adopted emergency preambles for House 4530 and House 4531, and all three final bills—Machado-Joseph Disease Awareness Day, the supplemental budget, and the primary election date bill—were enacted and sent to the Governor. The Senate adjourned in memory of Ricardo Barbosa after a memorial statement by Senator Miranda.

Transcript Highlights:

• States Congress ordered the distribution States Congress ordered the distribution of<00:18:18.320
• <02:11:28.560> It's distribution system. But how much? It's distribution system.
• So, that's a high wall in tax surplus.
• equitable distribution of assets. equitable distribution of assets.
• :38:16.080> based<05:38:16.320> on means distributing outcomes based on means distributing

Keywords: 1189, house, all

Transcript Highlights:

• K1 is a surplus income and distribution report.
• K1 is the surplus income and distribution report.
• The restricted reserve fund in the middle table shows $608 million in distributions and an overall balance
• It was originally allocated at $13 million; $75,000 has already been distributed from that set-aside.
• For the month of February, $90 million has been distributed from the fund for private nursing home care

Summary: The committee considered a series of appropriation, transfer, and review items, approving most requests in Sections B through J. These included temporary appropriations for state technology upgrades, personnel management, court reporters and interpreters, crime victim claims, juvenile sex offender assessments, radiation lab testing, higher education workforce grants, an ARPA grant for the UAFS LPN program, an IIJA grant for geological/critical minerals work, a restricted reserve transfer for 102 State Police vehicles, a transfer to the Arkansas Heroes Program, several cash fund requests for the Real Estate Commission HVAC and AV needs, and overtime appropriations for Emergency Management and Military. One budget classification transfer request from the Commissioner of State Lands for $250,000 to cover operating expenses tied to a new building was discussed at length but failed on the vote after questions about the lease and operating costs. A major portion of the meeting focused on a $25.7 million pay plan appropriation request for 15 agencies. Members questioned why the Department of Human Services had not requested additional pay-plan dollars for human development centers, where DHS acknowledged staffing shortages, high turnover, and heavy overtime but said the issue was not lack of pay-plan funding. DHS was asked to provide a written plan to address staffing problems. The Department of Corrections testified that the pay plan had improved retention and hiring, and committee members asked for follow-up data on vacancies and staffing outcomes. Members also clarified that the pay-plan request was appropriation only, not new funding, and approved it. The committee then reviewed fund reports, including the restricted reserve, Budget Stabilization Trust Fund, Tobacco Settlement, State Central Services, Education Adequacy, Medicaid Trust Fund, IIJA, and Revenue Services transfer reports. DHS and DFA were questioned closely about the Medicaid Trust Fund, with members noting a $90 million February draw and asking about projected year-end balances; DFA and DHS said February was a high-expense, low-revenue month and projected the fund would remain solvent through the fiscal year, ending between $150 million and $200 million, while a second $100 million set-aside is planned for FY27. The committee also discussed a state hospital damage report, where DHS explained that insurance proceeds would not fully cover the repair costs because of depreciation and the age of the buildings; members expressed concern that the state would recover far less than originally expected, and DHS said any additional insurance recovery would be limited and returned to restricted reserve.

Transcript Highlights:

• It varies year to year depending on our surplus revenue. and how we operated the previous year.
• I would say last year, the surplus revenue transfer was 194. Yes, sir. 194 million? Yes, sir.
• And then, whatever's remaining is subject to a surplus transfer.
• So how do you have a 200 million dollar surplus but a multi-billion? $15 debt. Yeah.
• Surplus means I don't have debt. I think you all need to re-evaluate that.

Keywords: 1184, house, all

Transcript Highlights:

• But then they take that national number and they distribute it out to the states, and the way they distribute
• But then they take that national number and they distribute it out to the states, and the way they distribute
• Well, I mean, the surplus for this year, uh, and I don't know if it's a surplus, but good, yeah, whatever
• I guess the governor has been talking about a surplus and a budget surplus, and there's all this extra
• <02:00:49.400> and about a surplus and a budget surplus and about a surplus and a budget surplus

Keywords: 910, house, all

Summary: The Committee on Finance held its first informational briefing for 2025, beginning with member introductions and then hearing an economic outlook presentation from Dr. Eugene Tian of the Department of Business, Economic Development and Tourism. Dr. Tian said Hawaii’s economy was in relatively good shape in several areas, especially construction, which he described as at a historical high, with construction employment above 40,000 monthly and building permit values and contracting tax base both up sharply. He also noted real estate sales had rebounded in 2024, the labor market had stabilized with unemployment around 2.9%, and initial unemployment claims were below 2019 levels. At the same time, he highlighted challenges including inflation running above the national rate, a shrinking labor force, lower employment compared with 2023, and continued weakness in visitor spending and arrivals. He said future growth would likely come from health care, professional services, construction, tourism recovery, and diversified sectors such as renewable energy, aquaculture, creative industries, and technology. Dr. Tian also discussed Hawaii’s economic structure and recovery, saying the state remains more concentrated in a few industries than the U.S. overall, with government and hospitality making up larger shares of the economy. He said non-tourism sectors had recovered, but tourism-related jobs and output were still below pre-pandemic levels, with Maui and the visitor industry still affected by the wildfire and COVID-19 impacts. He projected tourism and non-agricultural wage and salary jobs would not fully recover until 2027, and said population trends remain a concern because of aging, the likelihood of deaths outpacing births in coming years, and reliance on in-migration. After his presentation, the chair said questions would be taken later and the committee took a short break. After the break, Dr. Carano of the Hawaii Executive Director’s office presented a second outlook, saying Hawaii’s economy in 2025 looked better than 2024 overall, though he emphasized substantial uncertainty tied to the incoming federal administration. He said possible changes to tariffs, tax policy, immigration, and federal spending could raise inflation and keep interest rates higher than previously expected, which would affect housing, consumer debt, the dollar, and Hawaii’s visitor industry. He noted that U.S. visitors account for roughly three-quarters of visitor spending in the state, making federal policy especially important. He also said deregulation could be a long-term positive but would not likely have much effect in 2025 or 2026. As an additional risk, he pointed to bird flu and its effect on livestock, poultry, and egg prices. No votes or formal actions were taken during the briefing.

Transcript Highlights:

• referred to the committee on natural resources HB 158 by Raymond relating to the study of the use of surplus
• By Isaac relating to the allocation and deposit of certain surplus state revenue to the property tax
• HB 228 by Bell of Montgomery Ruling. to the allocation and disposition of certain surplus state revenue
• HB 263 by Guillen relating to the grant program distributing money from the Transportation and Sporadic
• reducing school district maintenance and operations of ad valorem taxes through the use of certain surplus

Keywords: 1184, house, all

Transcript Highlights:

• We also have copies of a surplus statement. It's a letter-size.
• We also have copies of a surplus statement. It's a letter-size.
• also have copies of a surplus statement. also have copies of a surplus statement.
• kind of look like a normal distribution kind of look like a normal distribution curve<00:19:01.679
• <01:53:44.239> to Department row 44 distribution to Department row 44 distribution to municipalities

Keywords: 928, house, all

Summary: The Committee of Conference on HB 1 and HB 2 was called to order, and Legislative Budget Assistant Michael Kaine reviewed the working documents before the committee. He explained the compare report, the detailed change sheet, the HB 1 index, the HB 2 side-by-side, the surplus statement, and a revenue handout, noting that the committee would vote up or down on all detail-change items and that unresolved items on hold would be removed from the final bills. He also identified staff available to answer technical questions and noted that the committee would track the dollar impact of decisions as it proceeded. Members then turned to the revenue outlook, with discussion focused on the gap between the House and Senate budget positions. House members said their budget guidance was based on revenue estimates that were significantly below the governor’s proposal, and they discussed whether additional revenue could close part of the gap. Department of Revenue Administration Commissioner Lindsey Stepp presented updated revenue estimates based on May data, explaining the methodology and the ranges for fiscal years 2025, 2026, and 2027. She said business taxes were the largest source of uncertainty, with estimates reflecting current economic conditions, recent revenue performance, and a range of possible growth rates. Committee members questioned the assumptions behind the business-tax ranges, including why the low and high scenarios were set at 2% and 8% growth. Stepp said the range was based on historical performance and current economic factors such as inflation, tariffs, and business behavior, and she noted that June is a major estimate-payment month for business taxes. Members also discussed recent revenue trends, including the effect of tariffs and the possibility of federal tax policy changes affecting repatriated profits. The commissioner and House members also discussed other revenue sources, including rooms and meals and real estate transfer taxes, with the House side arguing that lower mortgage rates and home prices could increase real estate transfer revenue. No votes were taken in the portion provided, but the committee discussed possible upward adjustments to House revenue assumptions, including increases of roughly $70 million in total based on the updated outlook and additional insurance-related revenue.

Transcript Highlights:

• Then all the marbles go into another bag and get to be distributed again while you're here.
• We are close to our target of collection... and distributions per dependent.
• That HCA is requesting, by rough math, is about 34% of our surplus.
• Chair, Representative Herrera, in terms of a carryover, excess, surplus, surplus. Well, Mr.
• They were setting up vaccine clinics, and they set up food distribution.

Transcript Highlights:

• So the BCRF does have a significant surplus that’s kind of residual from the pandemic.
• And so the beverage container program does have a bit of a surplus right now, so we don’t anticipate
• The BCRF does have a significant surplus that’s kind of residual from the pandemic.
• And so the beverage container program does have a bit of a surplus right now, so we don’t anticipate
• Do you know what the surplus is? Do you know what the surplus is? Good morning.

Summary: The subcommittee heard presentations on the administration’s Proposition 4 spending plans for extreme heat mitigation and outdoor access, then took up SB 54 implementation, SB 707 textile producer responsibility, and recovery needs related to the Los Angeles fires at state parks. For the extreme heat chapter, agencies described funding for the Extreme Heat and Community Resilience Program, urban greening, urban forestry, fairground upgrades, and technical assistance for community-based climate programs. Witnesses emphasized that these are existing programs with strong demand, that technical assistance is important for reaching disadvantaged and tribal communities, and that the proposed funding would expand outreach and implementation capacity. Members asked for more detail on where funds have gone geographically, examples of successful projects, tree-planting totals, and how fairgrounds could better support fire staging and emergency preparedness. The LAO said the timing of the administration’s proposed funding generally made sense because the programs are already established, and no votes were taken. For outdoor access, State Parks, Fish and Wildlife, and Natural Resources described funding for new parks in underserved communities, deferred maintenance, state lands access, and several new or pending programs. State Parks said the park development program would fund roughly 48 projects and that deferred maintenance funding would address high-priority health, safety, and access needs. Fish and Wildlife said its lands program would improve visitor amenities and access on properties that often lack basic facilities. The Natural Resources Agency also outlined three newer outdoor-access proposals: expanding recreation in disadvantaged communities, enhancing natural resource values and trail access, and a nature/climate/education facilities grant program. The LAO distinguished between existing programs, which are ready to move forward, and the newer proposals, where the Legislature may want more input before funds are allocated. Members also raised concerns about park police vacancies, the need to track outcomes for accessibility investments, and whether Prop. 4 could help with wildfire-related recovery at state parks. CalRecycle then presented on SB 54, the plastics and packaging producer responsibility law, and members pressed hard on the delay in regulations. CalRecycle said it has held workshops, formed an advisory committee, selected the producer responsibility organization, and completed required baseline and covered-material reports, but needs more time to address complex comments and novel features such as source reduction and eco-modulated fees. Members expressed frustration that a statutory deadline was missed and asked for a concrete timeline; CalRecycle said it expects regulations in place by 2026, ahead of the PRO’s January 1, 2027 plan deadline. Finance said the Beverage Container Recycling Fund is currently healthy enough to support short-term loans for implementation. The committee also reviewed SB 707, the textile EPR law, which would create the nation’s first textile producer responsibility program; staff said the proposal would add positions and loan authority, and members noted the statutory deadlines for PRO approval, needs assessment, and later regulations. The hearing ended with discussion of the January Los Angeles fires’ damage to Topanga State Park and Will Rogers State Historic Park, where State Parks described extensive losses, emergency response work, and ongoing damage assessment. Members asked about FEMA eligibility, state funding sources, and community engagement in rebuilding, and the department said it is still assessing costs and will work with the public on reimagining the parks.