Transcript Highlights:

• And then that is a funding source for state funds for other schools in the state.
• That was part of the state funding.
• Children because there's various ISDs across the state. state that need help, the ISDs are clamoring
• They're not state dollars, but they are funneled through as if they are state dollars.
• is not there in the foundation and school program, you would need an additional method of finance to

Keywords: 1184, house, all

Transcript Highlights:

• So the use of state bond-financed property, there are restrictions that attach to a state bond-financed
• So the use of state bond-financed property, there are restrictions that attach to a state bond-financed
• So the use of state bond-financed property, there are restrictions that attach to a state bond-financed
• The use of state bond-financed property, there are restrictions that attach to a state bond-financed
• <00:36:35.200> program plants and then there's a state program plants and then there's a state

Keywords: 1183, house

Summary: The Capital Investment Committee met on January 16 for an informational overview on state bonding and capital investment. House Research analyst Chelsea Griffin and House Fiscal analyst Andrew Lee explained the nonpartisan roles of their offices and then walked members through the basics of Minnesota bonding: how bonds are issued and repaid, how they are categorized, and the main legal authorities governing state general obligation bonds, including the state constitution, Minnesota statutes, and federal tax law. Griffin emphasized that state GO bond proceeds must be used for a public purpose, for a purpose authorized in the constitution, as specifically described in law, and must mature within 20 years. She also noted that state GO bonding is typically originated in the House and that capital projects financed with state GO bonds generally require a three-fifths vote in each chamber. The presentation also covered practical limits and requirements on bonding projects, including the distinction between state and local GO bonding, the role of bond counsel, restrictions on bond-financed property, the prohibition on reimbursing already-paid costs, and the full funding and non-state match requirements. In response to member questions, Griffin clarified that the full funding requirement in section 16A.502 means a project must be fully funded before the appropriation is available, while section 16A.86 reflects an expectation that local governments provide about half the financing for local projects, though the legislature can choose to fund more than half or waive a local match. She also said she did not believe a bill to make the 50 percent match requirement statutory passed last session. Lee then began a spreadsheet-based overview of the 2023 capital budget laws, explaining how capital investment spreadsheets are organized and how different fund types appear in the documents. He highlighted examples such as University of Minnesota projects funded with GO bonds and Minnesota State projects using user financing, where the system contributes a share of project costs from non-state sources such as tuition or system revenues. The committee did not take any votes or formal actions during this informational meeting.

Transcript Highlights:

• programs.
• homelessness programs.
• For protecting federal funding, the TBL is focused on protecting state and local programs from jeopardizing
• across the state.
• state vision.

Summary: The Assembly Budget Subcommittee No. 5 on State Administration heard a series of budget change proposals and trailer bill items, beginning with Housing and Community Development (HCD) requests. HCD sought permanent authority for seven existing temporary positions to support the HCD Connect IT system, and a separate proposal to fund implementation of eight 2025 housing-related laws with $4.2 million General Fund and 16 positions, plus $470,000 one-time General Fund. Members asked about how HCD Connect would interact with programs moving to the new Housing Development Finance Committee, and HCD also explained that the estimated cost to implement AB 1053 had been revised downward from about $6 million to $1.9 million because of shared implementation with CalHFA and the new committee structure. The committee also heard a Cal ICH proposal for $339,000 one-time General Fund to implement AB 678 on LGBTQ+ inclusive and culturally competent homelessness services, with testimony emphasizing data gaps and the need for a contract-based approach because HMIS cannot be changed unilaterally. The Department of Financial Protection and Innovation presented three continuation proposals: $15.34 million and 53 positions for the California Consumer Financial Protection Law program, $13.5 million and 51 positions for the Debt Collector Licensing Act program, and $49,000 ongoing for two positions in the broker-dealer/investment adviser education program. Members and the public raised concerns about the size and fairness of debt collector assessments and licensing fees, while DFPI explained the pro rata fee structure, the current license count, and how larger assessments fall on larger firms. Public testimony also supported retaining funding for the Student Loan Empowerment Network and requested funding for a franchise broker registration program. The committee also considered a mandate item involving suspension of a disclosure requirement related to property taxation, and trailer bill language from the Government Operations Agency to amend AB 91 on MENA demographic data collection, with the administration emphasizing data nondisclosure, protection of federal funding, and delayed implementation. The Secretary of State’s office then presented Help America Vote Act funding requests: $10.3 million for VoteCal maintenance and operations and $4.492 million for HAVA spending plans supporting voter education, training, accessibility, auditing, and county assistance. The office also requested $660,000 General Fund to implement AB 1392, which would make voter registration information for elected officials and candidates confidential, and explained the need to modify VoteCal and county election systems. The committee also heard requests to continue the Cal-Access Replacement System with $11.8 million General Fund and to continue the Notary Automation Program Replacement Project with $9.75 million from the Business Fees Fund. Members asked about total project costs, testing, data migration, and the expected November 2026 go-live date for Cal-Access replacement. Votes were taken on the vote-only items once quorum was established, and the committee approved the items considered. The final informational item was an overview from the California Arts Council, which highlighted the agency’s 50th anniversary, its statewide grantmaking, and the economic impact of arts funding. Council staff described Creative Corps, cultural districts, and the role of arts funding in local economies, while members and public witnesses urged increased support, including a request to raise local assistance grant funding to $50 million and to provide additional funding for cultural districts. Testimony emphasized the arts as economic infrastructure, community infrastructure, and a source of civic and cultural vitality across California.

Transcript Highlights:

• and develop a long-term roadmap for how a state bank could be used as an additional finance tool.
• , develop a long-term roadmap for how a state bank could be used as an additional finance tool.
• The goal is to complement, not replace existing financing mechanisms by helping the state manage public
• bank could reduce overall financing costs through better coordination of various state programs, improvement
• We hope that the Golden State will advance this program, and we can see some great opportunity for all

Summary: The Assembly Banking and Finance Committee met and first approved the consent calendar, which included AB 2028, AB 2425, and committee bill AB 2795, all sent to the Committee on Appropriations. The committee also noted that AB 2558 and AB 2746 had been pulled from the agenda. The chair reviewed hearing procedures, including acceptance of written testimony and rules against disruptive conduct. The committee then heard AB 2116, which would require registration and basic conduct standards for certain small-business financing providers, including merchant cash advance companies, and prohibit confessions of judgment and power-of-attorney provisions before default. Supporters argued the bill would close an oversight gap and improve transparency for small businesses; a small business owner testified that a purported 13% loan turned out to have a 235% APR. Opponents said the bill mixed consumer and commercial regulation and could restrict access to capital, though they supported banning confessions of judgment. The bill passed on a roll call vote and was sent to Appropriations. AB 2243, by Assembly Member Haney, proposed creating a state bank commission to study whether California should establish a state bank or other public financing tools. Supporters said a public banking model could reduce borrowing costs, keep more public money in-state, and better finance housing, infrastructure, and other public priorities; opponents from banking groups raised concerns about taxpayer exposure, deposit guarantees, and the use of public funds and existing lending structures. The bill passed and was sent to Appropriations. The committee also heard AB 2350, which would set guardrails on rent-now-pay-later products for rental housing; supporters said these products can lead to high fees, debt, and eviction risk, while industry groups opposed the bill unless amended. AB 2350 passed as amended and was sent to Appropriations. At the end of the meeting, the committee completed roll calls for absent members and adjourned.

Transcript Highlights:

• A key issue here concerns the legislature recently providing ongoing state support to finance various
• Since this authority has been provided, the state has given UC authority to finance $4 billion in projects
• The segments already do this for their self-support programs, for their housing programs.
• We were very appreciative of the state housing grant program that enabled us to reduce the cost of housing
• I've personally found that food assistance programs provided by the state can be inefficient and difficult

Keywords: 988, house, all

Transcript Highlights:

• United States Senate convenes for today's session.
• House Bill 824 by Representative Bowie is an act in Title 39 relative to state finances and the calculation
• Referred to Finance.
• It comes from the Committee on Finance with amendments.
• It comes from the Committee on Finance favorably.

Keywords: 974, senate, all

Transcript Highlights:

• And call the Senate Finance Committee to order.
• Under the Alliance, a state four-year higher education institution and a state two-year higher education
• Current language states that they are reversible.
• We are now one of 45 states that have done so.
• And I think at some point, this becomes a state responsibility.

Keywords: 994, senate, all

Summary: The Senate Finance Committee met with a quorum present, approved the prior meeting minutes, and then considered a series of House bills and committee substitutes. House Bill 5438, dealing with changes to Step 7 of the school aid formula and allowable uses of certain education allocations, was amended to adopt the Education Committee’s changes and then reported to the full Senate. House Bill 4087 creating the West Virginia-Ireland Education Alliance was also reported, as was House Bill 4191, which expands child care tax credit eligibility for employer-sponsored facilities and changes subsidy payments from attendance-based to enrollment-based reimbursement; senators emphasized its workforce and economic development benefits. House Bill 5074, which reallocates medical cannabis fund balances and future revenues, was amended to increase the Child Protective Commission pilot funding from $3 million to $5 million and remove proposed ibogaine research funding for Marshall and WVU before being reported. House Bill 5353, regulating virtual currency kiosks and money transmission licensure, and House Bill 5527, creating licensure and oversight for wellness reimbursement program administrators, both received strike-and-insert amendments and were reported. House Bill 5687, which phases down the metallurgical coal severance tax and adds a temporary oil and gas tax reduction with county/municipal revenue adjustments, was amended and reported. House Bill 4418, creating an electronic system for municipal business and occupation tax filing and collection with a 1% administrative fee and a participation threshold, was also reported. The committee then took up House Bill 4245, the Revenue Rules Bundle, which bundles 26 legislative rules from the Department of Revenue and related agencies. The bundle included alcohol, banking, insurance, racing, and tax rules, with several sunset extensions and repeals of outdated rules; the committee adopted a strike-and-insert amendment affecting a lottery consumer protection rule and a pre-need cemetery company rule, then reported the bill. House Bill 5168, providing a $12 million lottery-funded stream for emergency medical services, was amended to clarify the uses of the funds, rename one fund, require a 30% county match for mental health treatment spending, and create two additional county-based EMS funds; senators described it as a needed permanent funding source for EMS, and it was reported. Throughout the meeting, members generally supported the measures, with some discussion on technical details, funding allocations, and the impact of the bills on local services and workforce needs. At the end of the meeting, the chair announced that Senate House Bills 4004, 4006, and 4009 would not be taken up that day, and the committee adjourned.

Transcript Highlights:

• These programs are a simple and effective lever for the state to address the ongoing challenges of affordability
• The 2025-26 budget increased funding for the program to $4.6 billion, as Finance just mentioned, to change
• As was stated, we're here today to talk about enrollment and health care workforce programs and how one-time
• that we know the state badly needs. which is moving the CSU to be more innovative in the kinds of programs
• back to the state.

Keywords: 988, house, all

Transcript Highlights:

• Department of Finance. Noelle Falkaji, Department of Finance.
• The Stop the Hate Program is now an established network of community-based organizations across the state
• Department of Finance: Lourdes Mordales, Department of Finance.
• For HSP, the one... ...severe program reductions for that program.
• Department of Finance. Gabriel Lardaz, Department of Finance.

Summary: The Assembly Budget Subcommittee on Human Services held an informational hearing focused on the impacts of federal HR1 on CalFresh and Medi-Cal, along with related state mitigation efforts. CDSS, DHCS, DDS, county representatives, LAO, and Finance discussed automatic exemptions, data-sharing between departments, county workload, and the timing of implementation. CDSS said about two-thirds of adults ages 18 to 64 are already known to be exempt in CalFresh, and that administrative data matches could newly exempt about 200,000 of the roughly 955,000 adults potentially at risk. DHCS said Medi-Cal work requirements would begin in 2027 and the department is working to automate exemptions, including for IHSS recipients and some caregivers, while DDS said its population is expected to be covered by auto-exemptions. County welfare directors emphasized that individualized worker contact is critical, that counties need more staffing and stable funding, and that without it they expect delays, higher error rates, and reduced exemption screening capacity. Members pressed for written timelines, county-by-county impact data, and clearer guidance; the administration said it would provide follow-up materials and technical assistance. No votes were taken. The committee then heard a separate discussion on a proposed CFAP expansion or “CFAP Plus” concept to provide state-funded benefits to additional populations affected by HR1, including lawfully present non-citizens and ABODs. CDSS said implementation could not occur before October 1, 2027 because of policy and system-design constraints, and that adding unique eligibility rules would increase complexity and cost. Finance cautioned that any expansion would have General Fund impacts likely in the hundreds of millions to multiple billions. Members asked for cost estimates and technical feedback on trailer bill language, and CDSS said it would review the proposal and respond. The hearing also covered CDSS’s CalFresh strategic plan and mandated reporter training updates. CDSS said it is hiring a strategic plan lead to develop a long-term, data-informed CalFresh plan, and that the revised mandated reporter training is on track for launch in fall/winter 2026, ahead of the July 1, 2027 statutory deadline. The training will include updated content on structural racism, ICWA protections, implicit bias, and the distinction between reporting and supporting families. Members praised the work and asked for continued updates. Later panels focused on Promise Neighborhoods, Stop the Hate, and housing programs. Promise Neighborhood advocates and CDSS described the state’s prior $12 million investment, a positive evaluation showing roughly a 4-to-1 return, and a new proposal to support place-based partnerships and community schools through AB 1969. Stop the Hate grantees and CDSS reported that the program has provided direct services, prevention, and statewide coordination to millions of Californians, and urged reauthorization before funding expires; members asked for best-practice language and discussed focusing future funding on solidarity work, harm reduction, legal services, and education. Finally, CDSS presented on the CalWORKs Housing Support Program and Housing and Disability Advocacy Program, saying proposed General Fund investments of $105 million and $55 million would prevent funding cliffs and allow the programs to continue through 2026-27, while the absence of new funding would force reductions in housing assistance, subsidies, and enrollments.

Transcript Highlights:

• First, you'll see the letter from the Department of Finance. Finance for your review today.
• First, you'll see the letter from the Department of Finance Administration stating the five projects,
• So what is the state?
• It helps develop program initiatives or change program initiatives.
• program.

Keywords: 1204, all

Transcript Highlights:

• The state would have a procurement process to select a vendor to operate in the service of the programming
• The state would have a procurement process to select a vendor to operate in the service of the programming
• The state would have a procurement process to select a vendor to operate in the service of the programming
• The state would have a procurement process to select a vendor to operate in the service of the programming
• I think because it is more of a pilot program, they'll pick one U of M campus, one Minnesota State campus

Keywords: 1187, senate, all

Transcript Highlights:

• Transfers to other state financing.
• financing transfers to other state financing transfers to other state department<01:52:42.800>
• financing transfers to other state financing transfers to other state department<01:53:34.719>
• state ombbudsman program E160817 1,800 state ombbudsman program E160817 I<01:58:54.880> F2<01:
• Financing transfers to other state Medicaid-funded programs. 5.

Keywords: 981, all

Transcript Highlights:

• lot of these residential treatment programs are 90-day programs.
• of Finance.
• The next department of finance. Henry Ying, department of finance.
• Department of Finance? Yeah, Phil Osborne, Department of Finance.
• Department of Finance? Anthony Franzo with Department of Finance.

Keywords: 988, house, all

Transcript Highlights:

• Finance.
• Finance.
• Finance.
• new programs. new programs.
• . state. state.

Keywords: 981, all

Transcript Highlights:

• the New York State First Home Savings Program, which authorizes first-time homebuyers to establish savings
• mobile and manufactured home replacement program.
• the New York State First Home Grant Program and to amend the Tax Law in relation to excluding the amount
• It was reported to Finance by this committee.
• to Finance.

Keywords: 993, senate, all

Summary: The Senate Committee on Housing, Construction and Community Development met on February 10 and reviewed a largely recurring housing agenda, with the chair noting the meeting had been moved to Tuesday because of train delays and that a housing budget hearing was scheduled for February 25. Several bills were taken up that had passed the Senate in prior sessions or had been reported before, including measures on manufactured home park rent increases, first-home savings and grant programs, a mobile/manufactured home replacement program, closing-cost assistance for low-income tenants, protections against eviction for certified medical marijuana use, senior and disabled persons protections, fire code and housing standard penalties, a Manufactured Home Community Preservation Act, a public housing painters apprenticeship program, veterans with service-related disabilities receiving preferences in affordable homeownership programs, and a senior housing task force. One bill on an affordable independent senior housing assistance program was held at the sponsor’s request. Testimony and discussion were limited, with most bills moving on sponsor motions and seconded by other senators. There was brief clarification on the closing-cost assistance bill that it was intended for renters in public or subsidized housing, not people living with parents. Senators generally supported the measures, though some members voted in the negative or to advance without recommendation on several bills. Actions taken included reporting multiple bills either to the floor or to the Finance Committee. Among those reported to the floor were the manufactured home park rent bill, the medical marijuana eviction protection bill, the senior/disabled persons bill, the fire code and housing standards penalties bill, the veterans homeownership preference bill, and the senior housing task force bill. Bills on first-home savings, manufactured home replacement, closing-cost assistance, the first-home grant program, the Manufactured Home Community Preservation Act, and the public housing painters apprenticeship program were reported to the Finance Committee. The committee then adjourned.

Transcript Highlights:

• The programs are a simple and effective lever for the state to address the ongoing challenges of affordability
• The 2025-26 budget increased funding for the program to $4.6 billion, as Finance just mentioned. ...to
• As was stated, we're here today to talk about enrollment and health care workforce programs and how one-time
• meet state workforce needs.
• back to the state.

Summary: The committee heard testimony on three education budget items: the Expanded Learning Opportunities Program (ELOP), differentiated assistance/statewide system of support, and universal school meals plus kitchen infrastructure grants. For ELOP, the Department of Finance described the Governor’s proposal to provide $4.7 billion ongoing Proposition 98 funding and $62.4 million to set a minimum Tier 2 rate of $1,800 per pupil. The LAO recommended instead fixing the Tier 2 rate at $1,579, and committee members questioned how the rate was determined, how much funding is actually spent, and whether overlapping funding from ELOP, ACEs, and 21st Century programs is being tracked. CDE said ELOP is showing positive attendance and math outcomes, but some requested data will not be available until mid-2027; members also raised concerns about double-funding, transparency, and whether middle and high school students are being equitably served. On differentiated assistance, CCEE outlined the statewide system of support and the various tiers of universal, targeted, supplemental, and intensive assistance. Finance explained the Governor’s proposal to replace the current DA structure with a more stable universal and targeted assistance model, funded at $131.9 million ongoing, with a three-year support cycle aligned to LCAP and ESSA timelines and broader State Board authority to revise eligibility criteria. The LAO objected to considering the proposal before the State Board finalizes the new performance criteria, and committee members expressed concern that moving to a three-year cycle could delay support for LEAs that newly fall into need mid-cycle. There was also discussion about whether the proposal would weaken subgroup-based equity guardrails or give the State Board too much discretion over who qualifies for support. For school meals and kitchen infrastructure, Finance proposed $1.8 billion ongoing for universal meals and an additional $100 million ongoing plus $100 million one-time for a fourth round of kitchen infrastructure and training grants. The LAO recommended rejecting the new kitchen grant round because prior rounds are still being spent and the unmet need is not yet clear. CDE said prior investments have improved meal participation, efficiency, and menu variety, but many schools still lack the facilities for scratch cooking and face construction, electrical, and procurement barriers. Members asked for more data on how prior grants were used, which schools are benefiting, and whether funds could also support lower-cost food access strategies such as pantries, while noting federal restrictions on some meal-service innovations.

Transcript Highlights:

• the Department of Finance and Administration.
• She's now got with her Sharon Romero, who many of you may have known, who was at the State Board of Finance
• Finance Authority for September funding.
• The essence of this program and its ultimate goal is to establish a framework within the state of New
• some of those programs and then alternative certification programs.

Transcript Highlights:

• the<02:12:05.840> state.
• Do you have Finance clearance? Do we have Finance clearance?
• No, but you don't need a Finance chair. Okay. Well, you need an acting Finance chair. Okay.
• universal immunization funding program. universal immunization funding program.
• finance committee clearance as well. finance committee clearance as well.

Keywords: 910, house, all

Transcript Highlights:

• The public subsidy program, um, we administered the public subsidy program in 2024.
• The public subsidy program, um, we administered the public subsidy program in 2024.
• Public financing programs put more power into the hands of everyday voters.
• > power public financing programs put more power public financing programs put more power into<00
• Campaign Finance.

Keywords: 1187, senate, all

Transcript Highlights:

• SO VERY MUCH IN THE ASPECT OF THE STATE HOUSING TRUST FUND SALE PROGRAM.
• FOR SHIP AND THE SALE PROGRAM IS THAT LOAN PROGRAM FOR FINANCING LARGER AND SOMETIMES SMALLER RENTAL
• STATES USE FUNDS TO ADMINISTER STATE AND FEDERAL HOUSING PROGRAMS.
• THE FLORIDA HOUSING FINANCE CORPORATION ADMINISTERS SEVERAL STATE AND FEDERAL PROGRAMS.
• PROGRAMS IN OTHER STATES WE IDENTIFIED 13 PROGRAMS, INNOVATIVE PROGRAMS TO STUDENTS.

Keywords: 999, senate, all