Video & Transcript Research : 'cost of borrowing'

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KY

Kentucky 2026 Regular Session

House Legislative Session Day 6 (1-13-26)

Kentucky House Floor Meeting

Transcript Highlights:
  • > approval<00:05:23.840> of<00:05:24.000> the order of business, the approval of
  • > the<00:05:46.800> report<00:05:46.960> of order of business is the report of order
  • The House of Representatives of the Commonwealth of Kentucky hereby recognizes and honors the members
  • The House of Representatives of the Commonwealth of Kentucky hereby recognizes and honors the members
  • > introduction<00:30:59.360> of Next order of business, introduction of Next order of business
Summary: The House opened with an invocation and the Pledge of Allegiance, then established a quorum with 96 members present. Routine business followed: absent members were excused, the rules were suspended to allow co-sponsorship and vote modifications, and the journal from January 12, 2026 was approved. No bills were taken up on second reading, and there were no committee reports or orders of the day at that point. During announcements, members recognized the Frederick Douglass High School cheerleading squad for winning a state title, and several members noted visits or upcoming events involving Kentucky firefighters and fire chiefs. Multiple committee meeting notices were also shared, and House Bill 244 was withdrawn by its primary sponsor. The clerk then read a long list of newly filed bills and resolutions covering topics including pharmacist reimbursements, immigration enforcement, housing, identity documents, sex-based classifications, school choking prevention, local minimum wages, rental property, labor standards, wages, veterans issues, homelessness prevention, real property appraisers, jury duty, paramedic education, adult performances, sanctuary policies, charitable gaming, court costs, National Guard benefits, child care coverage, and several resolutions. The chamber then considered House Resolution 21, honoring the victims of the UPS Airlines Flight 2976 crash in Louisville and commending first responders. The sponsor described the crash, named the victims, and detailed the extensive multi-agency response. The House opened the board for additional co-sponsors, observed a moment of silence, and adopted the resolution without objection. Afterward, the House recessed briefly for Committee on Committees and Rules Committee meetings, then received committee referrals for numerous bills to standing committees. No floor amendments were introduced, and the House adjourned until 2:00 p.m. on Wednesday, January 14, 2026.
KY
Transcript Highlights:
  • The cost of the cost is going up.
  • cost of health insurance before 2010, stepped back to just paying for the cost of new retired teachers
  • before<00:32:57.600> 2010 cost of health insurance before 2010 cost of health insurance before
  • more the cost of coverage. more the cost of coverage.
  • pay whatever the cost of the plan is.
Summary: The Public Pension Oversight Board received updates from the Kentucky Public Employees Deferred Compensation Authority and the Teachers Retirement System. Chris Biddle reported that deferred compensation assets had grown to about $4.787 billion with roughly 88,000 participants, crediting auto-enrollment, targeted marketing around pay raises, and retiree-focused services. He said the board’s self-directed brokerage account, authorized by last year’s legislation, is being designed around a $40,000 account-balance threshold with up to 25% transferable into the brokerage window, tentatively for July 1 of the coming year. He also described the free financial planning program, which has been used by about 3,300 to 3,500 participants with an 87% return rate, and noted that the plan is currently in a fee holiday; members asked about the fee structure and whether the CFP service is provided through Nationwide, which Biddle confirmed. Board members praised the deferred compensation program’s growth and asked for the legislation referenced by Biddle. He said the plan’s annual fees are capped, with a $1 monthly fee plus other charges up to a $225 cap, for a maximum of $237 per year absent a managed account. He also said the program is seeking unified payroll access to expand participation, especially among teachers, and that prior lineup changes saved about $6 million annually in participant fees. Bo Barnes of TRS then addressed retired teachers’ health insurance, first clarifying a prior question about declining federal contributions to the retirement annuity trust. He explained that federally funded school positions generated contributions that rose from $72 million in 2019 to $109 million in 2022, then fell to $85 million this year, with a projection of $80 million over the next three years; if those dollars do not come from federal sources, they would have to be replaced through the SEEK formula. Barnes then reviewed TRS health coverage, explaining that the statutory contract guarantees access to group coverage but not fixed premium levels, and that TRS administers two retiree plans: KEHP for retirees under 65 or otherwise not Medicare-eligible, and MEHP for retirees 65 and older or Medicare-eligible. Barnes said TRS completed RFPs for the 2026 plan year, retaining Express Scripts for prescription drugs and switching the Medicare Advantage medical provider from UnitedHealthcare to Humana, while keeping plan design, provider access, out-of-pocket costs, and benefits materially unchanged. He noted a modest hearing-aid improvement of $500 per ear beginning in 2026. He also reported that the TRS Board approved the maximum state contribution for KEHP at $1,044.96, up from $930.76, an 18% increase that he said would require about $15 million to $16 million more annually, while the MEHP premium would drop from $210 to $200 per month because of the new contract. Using the 2024 valuation, he said the KEHP increase would slightly reduce the health trust funded ratio from 80.4% to 80.1% and raise unfunded liability from $4.036 billion to $4.051 billion. Barnes closed by reviewing the 2010 shared-responsibility reforms that shifted retiree health costs away from a pay-as-you-go model, including phased employee and district contributions and Commonwealth stabilization funding. No votes were taken beyond approval of the minutes.
KY
Transcript Highlights:
  • cost of the plans these address the cost of the plans these health<00:24:43.360> plans<00:24:
  • cost of the benefit cost is going up the cost of the benefit is<00:27:20.720> going<00:27:20.960
  • c> all of it, you know, of the cost of it all of it, you know, of the cost of it depending<00:31:52.080
  • before<00:33:01.840> 2010 cost of health insurance before 2010 cost of health insurance before
  • More the cost of coverage.
Summary: The Public Pension Oversight Board met with a quorum, approved the prior minutes, and heard updates from the Kentucky Public Employees Deferred Compensation Authority and the Teachers Retirement System. The deferred compensation update highlighted continued growth in assets to about $4.787 billion and roughly 88,000 participants, strong retention from auto-enrollment, a marketing campaign tied to pay raises that generated additional participation, and a new self-directed brokerage account expected to launch July 1 of the coming year for participants with at least a $40,000 balance, allowing up to 25% of their account to be moved into the brokerage window. The director also described the free financial planning service, which has been used by about 3,500 participants with a high return rate, and said the plan is currently in a fee holiday; if fees are charged, they are capped at $237 per year for most participants. Members asked questions about who provides the CFP service, the fee structure, and the brokerage eligibility threshold. The director said the CFP service is provided through the authority’s service bundle with Nationwide, not as a separate paid service, and explained that the fee cap and current fee holiday are intended to keep the program low-cost. Board members praised the deferred compensation program’s performance and asked for a copy of the legislation referenced in the presentation. TRS then presented on retired teachers’ health insurance. Barnes first clarified how declining federal contributions for federally funded school positions affect the retirement annuity trust, explaining that if those federal dollars fall, the amounts would need to be covered through the SEEK formula and that the projection for those contributions is about $80 million over the next three years. He then reviewed TRS retiree health coverage, distinguishing between KEHP for retirees under 65 or not Medicare-eligible and MEHP for Medicare-eligible retirees, and explained that TRS recently completed RFPs for both prescription drug and medical coverage. TRS will keep Express Scripts for prescription drugs, but will move the Medicare Advantage medical plan from UnitedHealthcare to Humana on January 1, 2026, while keeping the plan design, provider access, and out-of-pocket structure largely unchanged, with a new hearing-aid benefit of $500 per ear. Barnes also reported the 2026 premium and contribution changes: the maximum TRS contribution toward KEHP will rise to $1,144.96 from $930.76, an 18% increase that he said will require roughly $15 million to $16 million more in the state budget, while the MEHP premium will drop to $200 per month from $210. He said the TRS board has statutory authority to set these amounts and that the changes will have mixed actuarial effects, with the KEHP increase being negative overall and the MEHP decrease positive.
TX

Texas 89th 2nd C.S.

State Affairs Aug 26th, 2025

State Affairs

Transcript Highlights:
  • the legislature fundraising during special sessions and, um, and regardless of what you may think of
  • the date of final adjournment of the special legislative session.
  • or a member of the legislature.
  • Very little public awareness of this kind of legislation.
  • Well, as a member of the Senate, and as a member of the legislature, I will say this, regardless of this
Bills: SB 53, SB 54, HB16, SB 19
AL

Alabama 2025 Regular Session

Alabama Senate Healthcare Committee Apr 30th, 2025

Healthcare

Transcript Highlights:
  • Chairman and members of the committee.
  • They wanted to use different terminology; for example, instead of saying you would register with the
  • board, they wanted to apply Terminology, you know, it's like apply for a license instead of registering
  • Chairman, members of the Morning, Mr. Chairman, members of the committee.
  • There’s also some opt-out language if the sheriff or probate judge does not want to be a part of it.
Bills: HB441, HB425, HB416
MN

Minnesota 2025-2026 Regular Session

Cap Committee Meeting - 2025-04-29

Capital Investment

Transcript Highlights:
  • The estimate of the cost for the suicide deterrent barriers is about eight million dollars.
  • In 2023, you funded design for five projects at a cost of $17.3 million.
  • If only 2% of those had contamination, it would cost $7.3 billion.
  • Can you give me an idea of what the technology is to mitigate that, as well as what the cost would be
  • Is that how you're trying to figure out the cost of this fee? Thank you. Commissioner. Mr.
Bills: HF3220
TX

Texas 89th Regular

Pensions, Investments & Financial Services Apr 28th, 2025

Pensions, Investments & Financial Services

Transcript Highlights:
  • Right, yeah, and I think part of that is because, obviously, if you have more costs that apply towards
  • This leads to immediate better health care and actually reduces out-of-pocket costs for teachers and
  • Can you tell us a little bit about some of the costs that they incurred?
  • The centerpiece of these changes would be an increase of 10% added to the current 45% of final average
  • The cost of replacing our experienced officers over the next year is $1.5 million.
TX

Texas 89th Regular

S/C on Telecommunications & Broadband Apr 16th, 2025

S/C on Telecommunications & Broadband

Transcript Highlights:
  • It's going to cost tens of thousands of dollars for them.
  • , et cetera, but the cost of the relocation, even though the cities have collected billions of dollars
  • relocation costs should be re-examined, including these costs... ...in the overall cost of road projects
  • The state does not pay all of those costs. for the relocation.
  • I would note that one of the primary responsibilities of cities is to manage those costs effectively
KY
Transcript Highlights:
  • the bulk of the load.
  • costs associated with permitting<00:12:20.560> these<00:12:21.079> of<00:12:21.399>
  • of these types of units permitting these of these types of units so<00:12:22.480> that's<00:12
  • Of those, the three outside of TVA did not, you know, issue comments at all on it.
  • of not having caps.
Summary: The committee met with a quorum and first considered House Bill 88, which was described as a short bill to clarify procedures for Waste Management boards, including term limits, appointments, and making sure consolidated governments actively recruit community members and make openings easier to find. The sponsor said the bill was intended to resolve confusion about members staying on after terms expire. The bill received no opposition, passed the committee unanimously, and was reported favorably for the floor. The committee then took up House Bill 346, as amended by a committee substitute. The sponsor explained that the bill responds to a dispute over air emission fees, especially for emergency generators and backup generators used for worker safety and limited non-emergency testing. The bill would exempt emergency generators and backup generators operating 100 hours or less for maintenance/testing from fees, while also removing an existing 4,000-ton cap so the per-ton fee would drop for most permitted sources. Members discussed the possible impact on utilities and ratepayers, with concerns raised that costs could be passed through to consumers and affect coal-dependent areas. The sponsor and another member argued the change would generally reduce fees for most sources and incentivize emissions reductions; the cabinet was described as neutral, and the affected utilities were identified as TVA, LG&E, East Kentucky Power, and Big Rivers, with only TVA having raised comments. The committee substitute was adopted, and the bill passed the committee with a favorable recommendation, though one member voted no and several members explained yes votes while expressing ongoing concerns about future rate impacts. At the end of the meeting, members briefly discussed broader concerns about utility surcharges and the need to monitor the effects of legislation on ratepayers, but those comments were not part of the bill under consideration. The chair noted that future meetings may include more bills and could start earlier if needed, and the committee then adjourned.