Video & Transcript Research : 'fiscal trigger'
Page 206 of 500
NH
New Hampshire 2025 Regular Session
House Ways and Means (01/13/2025)
Transcript Highlights:
- council is going to come into the fiscal council is going to come into the fiscal committee<00:19
- opportunity to come to the fiscal opportunity to come to the fiscal committee<00:26:25.399>
to - <00:30:30.000>
year fiscal year fiscal year 2024<00:30:32.720>we <00:30:32.880>have - volatile um so you you see in fiscal volatile um so you you see in fiscal year<01:42:05.119>
- of a summary of where we are in fiscal of a summary of where we are in fiscal year<01:57:09.880>
Summary:
The committee meeting began with an overview from the Legislative Budget Assistant Office on how Ways and Means will work with agencies and leadership during the budget and revenue-estimating process. Staff explained that the governor’s budget is still being developed, agencies are cautious about going on record early, and the committee will use worksheets and updated fiscal reports to track estimates. The presentation emphasized that the fiscal year 2025 budget status is a point-in-time snapshot and remains fluid because the annual comprehensive financial report has been delayed, which could change the beginning balances for both the general fund and education trust fund.
The budget update highlighted that the general fund is currently stronger than originally assumed, while the education trust fund is weaker. The speaker said the general fund began FY25 with a much larger balance than expected, while the education trust fund came in lower due to higher-than-budgeted adequacy spending and weaker business tax performance. Revenue trends showed the general fund slightly ahead year to date, but the education trust fund down significantly. The committee also discussed unbudgeted appropriations, including attorney general litigation, legal settlements, abandoned property claims, adequacy true-ups, and education freedom accounts, as well as the role of lapses and off-budget items in the final balance.
Members asked about the delayed liquor commission audit and whether it could affect revenue forecasts. Staff said the delay was mainly caused by the commission’s switch in point-of-sale systems and staffing losses, but did not expect major ongoing reporting issues. They also noted that liquor fund variances are more likely tied to Medicaid expansion costs than to commission operations. The governor’s office was said to be working on possible budget reductions, but no January request to the fiscal committee was expected.
Commissioner Lindsay Stepp of the Department of Revenue Administration then presented an overview of state revenue sources, focusing first on the meals and rentals tax. She explained that DRA administers 14 taxes that account for most state revenue, and that meals and rentals tax growth has slowed after strong post-pandemic gains. She described factors affecting the tax, including employment, inflation, fuel and food prices, wages, and weather, and noted that online platforms like Airbnb have improved compliance by collecting and remitting tax on behalf of hosts. Members asked about short-term rental compliance and how DRA identifies unlicensed rentals; Stepp said referrals, anonymous tips, and platform data help enforcement.
TX
Transcript Highlights:
- Currently, we have 262 full-time employees, up from 201 in fiscal year 2023.
- Selective fiscal and policy issue. Item one concerns staff turnover.
- On page 3, section 3 provides two fiscal and policy issues.
- On page 3, section 3 provides two fiscal and policy issues.
- Page three has one selected fiscal and policy issue.
Bills:
SB1
Summary:
The Senate Finance Committee met to review Article 8, regulatory agencies, and began Article 9, general provisions, before recessing for floor action. The committee first heard budget presentations from the Public Utility Commission (PUC) and the Office of Public Utility Counsel (OPUC). The PUC budget recommendation was about $5.07 billion in all funds, including an additional $5 billion for the Texas Energy Fund, plus funding for staffing and technology needs tied to contested cases, infrastructure resiliency, and outage mapping. PUC witnesses emphasized the agency’s growing workload, the need for more staff and modern systems, and oversight of the Texas Energy Fund. OPUC’s recommendation was about $6.9 million, with a reduction in authorized FTEs to better match actual staffing; the agency requested additional funding for salaries, expert witnesses, and budget flexibility, and members highlighted OPUC’s role representing residential and small commercial consumers in utility proceedings.
The committee then heard from the Behavioral Health Executive Council (BHEC), whose recommendation was just over $11.2 million. BHEC’s main requests included funding to fill vacant positions, money for continuous National Practitioner Data Bank queries, and a proposed Texas-owned psychology licensing exam in response to concerns about changes to the national exam. Agency leaders also discussed a rider request that would shift responsibility for certain judgments or settlements to the comptroller. Members asked about prior complaint backlogs, and BHEC said those backlogs had been cleared. The Board of Chiropractic Examiners followed, with a recommendation of just under $2.4 million; the board sought support for staffing, training, broadband, and salary retention, and described its work regulating chiropractors and workers’ compensation-related doctors.
The Board of Dental Examiners was the last agency heard before the committee recessed. Its recommendation was just under $10 million, and it requested a 10% salary increase for eligible staff, three additional licensing staff, one staff member to handle required background checks, an additional attorney, and an executive director salary adjustment. Dental board witnesses said licensure growth, increased complaints, and low salaries were straining licensing and enforcement operations, even though the agency reported strong performance and high case completion rates. The chair ended the hearing early because the Senate had to return to the floor, and the committee remained in recess.
LA
Louisiana 2026 Regular Session
Public Retirement Systems Actuarial Committee Jun 22nd, 2026
Transcript Highlights:
- PERSAC meet to take into account the receipt of those funds and adjust the contribution rate for the fiscal
- It provided two appropriations to LASERS: one is the fiscal year 2024-2025 surplus appropriation of $144
- With the incorporation of the contribution rate for fiscal year ending 2027.
- If you look at that third column, UAL mid-year payments, the top number for fiscal year 2025 did not
- So with that, unless there are any questions, I’d like to make a motion to revise the projected fiscal
Summary:
The Public Retirement Systems Actuarial Committee met on June 22 and approved the minutes from the February 23, 2026 meeting. There was no public comment. The main discussion focused on Louisiana State Employees’ Retirement System (LASERS) and how appropriations from House Bill 312 of 2026 affect the system’s actuarial valuation and employer contribution rate for fiscal year 2027.
Staff explained that HB 312 provided about $145 million in appropriations to LASERS, with roughly $87.6 million applied to the original amortization base and about $57.9 million applied to the experience account amortization base. As a result, the projected aggregate employer contribution rate for the fiscal year beginning July 1, 2026 was revised from 32.51% to 30.05%, a reduction of 2.46%, and the required projected employer contribution was updated to about $738.7 million. The presentation also noted that the June 30, 2025 valuation itself did not change, only the projected 2026 rate, and that the original amortization base would be paid off by June 30, 2026.
Committee members asked about the longer-term effect of the changes, including a projected 2036 payment reduction. Staff explained that later-year UAL payments would be lower, but that the exact savings would depend on future actuarial experience and investment performance. The committee then adopted the motion to revise the projected fiscal year 2027 LASERS aggregate contribution rate to 30.05%, subject to the appropriation, and later adjourned without opposition.
MD
Transcript Highlights:
- There's no fiscal impact.
- There's no fiscal impact.
- There's no fiscal impact.
- There is no fiscal impact. I membership. There is no fiscal impact.
- >> No fiscal impact. >> No fiscal impact.
Summary:
The Senate convened with an invocation by Rabbi Ari Goldstein, whose remarks were journalized at the request of the senator from District 33. The chamber then recognized the doctor of the day, Dr. Maryann Lamont, for her 50 years in medicine and her work in neurology and stroke care, and also thanked a legislative aide, Samantha Briggs, who is leaving for law school. The presiding officer noted a quorum was present and moved into the day’s floor work.
The Senate handled several messages and committee reports, including a conference committee appointment on Senate Bill 18, which concerns provisional social work licensure. In Finance, the chamber advanced Senate Bill 246 on Health Services Cost Review Commission member terms, Senate Bill 370 on acupuncture board revisions, Senate Bill 564 creating a Division of Data Protection in the Attorney General’s office and a related work group, Senate Bill 782 on telecommunications infrastructure protections, Senate Bill 808 on health insurance provider panel requirements, Senate Bill 849 on agricultural equipment warranties, Senate Bill 867 on the Maryland Aerospace and Technology Commission, and Senate Bill 982 on mutual insurance holding companies converting back to mutual insurers. Most of these bills were reported favorably with technical or conforming amendments, which were adopted without objection, and each was ordered printed for third reading.
The committee also considered several House bills with Senate cross-files or identical measures. These included House Bill 118 on money transmitter licensing, House Bills 339 and 512 on Anne Arundel County Board of License Commissioners compensation, House Bill 1100 on telecommunications infrastructure protections, House Bill 1395 on agricultural equipment warranties, House Bill 1473 creating Maryland’s Future Board, House Bill 226 on Department of Disabilities housing programs, House Bill 278 codifying the Longevity Ready Maryland plan, and House Bill 746 on collaborative care model coverage and cost-sharing limits. In each case, the committee reports were adopted, amendments were approved where offered, and the bills were advanced to third reading or passed for third reading, with no recorded opposition on the floor.
KY
Kentucky 2025 Regular Session
Budget Review Subcommittee on Transportation (7-15-25)
Transcript Highlights:
- The Transportation Cabinet budget is $500,000 in each fiscal year for Riverport improvements.
- year 25 and fiscal year 26 to these 13 projects.
- So, this is a summary of the fiscal year 25 and 26 funds.
- In fiscal year 24, we brought in $1.4 million, and in fiscal year 25, preliminarily, at the early beginning
- > 25 million and in fiscal year 25 million and in fiscal year 25 preliminarily<00:45:35.760>
this
Keywords:
00:01 Call to Order and Roll Call
00:47 Approval of Minutes
01:07 Airport Projects
12:17 Riverport Projects
38:27 Electric Vehicle Charging Program
54:10 Adjournment, 958, all
Summary:
The Budget Review Subcommittee on Transportation met on July 15, 2025, approved the June 4 minutes, and heard updates on aviation and riverport funding programs. Commissioner Mark Carter of the Kentucky Department of Aviation reported on the $200,000 grants for general aviation airports included in House Bill 1, saying the money is being used mainly for hangar projects, fuel trucks, parking lot resurfacing, airport equipment, crew cars, and public education efforts. He said about 25 hangar-related projects were reported, with an estimated 60 T-hangars and four or five box hangars supported, and noted that the grants are often used to match federal funds. He also said the state’s jet fuel tax revenue generates about $23 million annually, up from about $19 million in 2021, and that most airports are now compliant with the ADS-B/VOR-related reporting system required in budget language, which has improved reported operations and may help airports qualify for FAA grants.
Members asked about the pace of airport projects, the limited number of contractors for hangar construction, and whether airports could finance hangars themselves. Carter said timing has generally been good, though federal projects have slowed somewhat and contractor capacity remains a challenge, and he said there is no statute preventing airports from financing part or all of a hangar project. Questions also focused on the long-term need for hangars and the effect of the jet fuel cap, with Carter saying general aviation airports still have significant hangar demand and rely on state assistance because hangars are a key revenue source.
Jeremy Edgeworth of the Transportation Cabinet and Brian Wright of the Kentucky Association of Riverports then reviewed riverport projects funded through House Bill 265 and House Bill 1. Edgeworth said the cabinet’s riverport grant program awarded $500,000 in each of fiscal years 2025 and 2026 for 13 projects under an 80/20 match, and that House Bill 1 provided $7.5 million per year for public riverports with no local match. He described completed or underway projects at multiple ports, including equipment replacements, dock and road repairs, material handling upgrades, mooring cell rehabilitation, and a waterline loop at Owensboro. He said $12.6 million of the KPRCM funds had been awarded across 20 projects, with about $2.4 million still to be awarded later in the fall.
Wright said the riverport investments are helping ports replace aging assets, expand capacity, and match federal dollars, but he also said the statewide capital need remains large, with the current list of top projects already in the $90 million range and longer-term needs still estimated at $60 million to $90 million. Members asked about timelines and future needs, and Edgeworth said many of the larger projects will take two to five years because of permitting and coordination with the Army Corps of Engineers. No additional votes or formal actions were taken beyond approving the minutes.
MN
Transcript Highlights:
- Uh if members, Soulv Beckl House Fiscal.
- The fiscal notes had deeds had 50%. We wanted to track it for a few years.
- The fiscal notes had deeds had 50%. We wanted to track it for a few years.
- The fiscal notes had deeds had 50%. We wanted to track it for a few years.
- The fiscal notes had deeds had would.
Bills:
HF1049
AR
Arkansas 2026 Regular Session
ARKANSAS LEGISLATIVE COUNCIL (ALC) Mar 20th, 2026
ARKANSAS LEGISLATIVE COUNCIL (ALC)
Transcript Highlights:
- There's $89 million above the last fiscal year to date, around 1.7% above last fiscal year to date.
- That's up $163.7 million from last fiscal year to date, from those first eight months of the last fiscal
- Senator Flowers, the system we are using now will not be supported next fiscal year.
- by DSB to mitigate the effect that a lack of fiscal resources...”
- “Our fiscal operation was centralized. They used to do their own fiscal operation; DSB did.
Summary:
The meeting began with a prayer, approval of the prior minutes, and a February 2026 revenue report from Carlos Silva of the Bureau of Legislative Research. He reported gross revenues of $5.36 billion and net collections of $4.5 billion, both above the prior year, and said the updated forecast showed a larger expected surplus than before. Members asked about declines in some tax categories, natural gas severance fees, and possible effects of inflation and international conflict; Silva generally attributed the changes to timing issues, prior tax cuts, refund activity, and price fluctuations, and said he could not speculate on future impacts.
The committee then heard and adopted several subcommittee reports, including the Executive Committee, Administrative Rules, Claims Review, Game and Fish State Police, Higher Education, Infrastructure Investment and Jobs Act, Hospital/Medicaid/Developmental Disabilities, Occupational Licensing Review, State Insurance Programs Oversight, and APER filings. Most reports were approved without objection. One budget classification transfer for the Commissioner of State Lands was reviewed and failed. The review report also led to discussion of several contracts, including DHS staffing contracts and a Department of Education security contract, with some items held or separated for individual votes.
A major portion of the meeting focused on DHS and state staffing contracts for the Human Development Centers, Arkansas State Hospital, and related facilities. DHS officials said the contracts were on track against seven-year projections, but members expressed concern about heavy reliance on contract labor, vacancy rates, and the need to move workers onto state payrolls. Officials said they were preparing a recruitment and retention plan and described staffing levels, vacancies, and turnover. Members also questioned contract projections and federal-state funding matches, and several urged faster action to reduce contract labor costs.
The committee also discussed a Department of Commerce reduction-in-force affecting the Division of Services for the Blind and Employment and Training. Secretary Hugh McDonald said the cuts were driven by funding shortfalls, over-obligation of funds, and federal issues, and that 27 positions would be permanently eliminated while furloughed employees would be recalled. Members raised concerns about service impacts, board appointments, and the division’s fiscal management. The meeting ended after the personnel report was adopted and APER was filed as reviewed, followed by adjournment.
NM
New Mexico 2026 Regular Session
House - Transportation and Public Works Feb 10th, 2026 at 09:04 am
Transcript Highlights:
- And you can see the totals there for all of the fiscally constrained years in the STIP.
- Upcoming maintenance projects: coming up this fiscal year is Raton Mesa.
- Fiscal year 2028, $105 million worth of projects. Thank you.
- Fiscal year 2028, $105 million worth of projects.
- Fiscal year 2029, we're showing $200,287.50 worth of projects.
Summary:
The committee heard a District 5 New Mexico Department of Transportation presentation from Rhonda Lopez, who reviewed the district’s FY26 budget, staffing vacancies, and the status of special appropriations from 2020 through 2025. She described numerous completed and ongoing projects across the district, including roadway overlays, bridge work, intersection improvements, ADA upgrades, and maintenance projects, and also summarized STIP, TPF, LGRF, and equipment needs. Members asked about a guardrail issue near U.S. 64 in Hogback, the 5% local match for TPF projects, and the status of the New Mexico 371/U.S. 36 intersection funding agreement with the Navajo Nation; DOT said the match is secured or waived where applicable and that the Navajo agreement is nearly finalized.
The committee then heard House Bill 270, which would amend the Public Works Apprentice Training Act to require contributions to apprenticeship and training programs for certain public works contracts, including highway-related work, while creating an exception where no approved apprenticeship program exists for a trade classification. The sponsor said the bill was intended to strengthen workforce development and support apprenticeship training. Contractors and asphalt industry representatives opposed the bill, arguing it would raise road project costs and duplicate existing training contributions. A motion to table failed on a tie, and a later motion to pass also failed on a tie, leaving the bill in committee.
Next, the committee heard House Bill 322, which would create a transportation trust fund and transportation program fund, dedicate additional revenue sources including a portion of electricity GRT and motor vehicle excise tax, and begin annual distributions for federal matching funds in 2029. The sponsor and supporters said the bill would help address a multi-billion-dollar road funding gap, improve maintenance, and provide a stable source for matching federal dollars. Some members raised concerns about the electricity tax component, its effect on utility bills, and overlap with recently enacted transportation financing measures; others supported the concept but questioned timing and funding priorities. A motion on the bill resulted in a tie and failed, leaving the bill in committee.
The meeting concluded with a District 4 NMDOT legislative presentation. The district outlined its geography, budget, staffing vacancy rate, completed special appropriations, active construction and maintenance projects, wildfire-related recovery work, local government funding allocations, and equipment replacement needs. Members asked about school district uses of local funding and the impact of aging equipment and weather on maintenance costs. The presentation ended without any formal action on District 4 items, and the committee adjourned.
NM
Transcript Highlights:
- That's going to All appropriated for public education in the current fiscal year, fiscal year 2026.
- Chairman, so different fiscal years.
- That legislation was amended in this last legislative session, so it is for fiscal year 26, fiscal year
- 27, and fiscal year 28.
- Fiscal year recommendations are.
MN
Minnesota 2025-2026 Regular Session
Press Conference: POCI Caucus Discusses Budget Targets Affecting Undocumented Minnesotans Healthcare May 16th, 2025
Transcript Highlights:
- There is no fiscal responsibility.
- There is no of fiscal responsibility. There is no fiscal<00:04:37.520>
responsibility. - When you do this, fiscal responsibility.
- So there is no fiscal into poverty.
- dressed as fiscal cruelty dressed as fiscal responsibility.<00:05:02.400>
There <00:05:02.560>
FL
Transcript Highlights:
- year beginning in fiscal year 2026-2027.
- year beginning in fiscal year 2026-2027.
- year beginning in fiscal year 2026-2027.
- year beginning in fiscal year 2026-2027.
- year beginning in fiscal year 2026-2027.
Summary:
The Finance and Tax Committee met and first heard SB 674, which would allow county property appraisers, like tax collectors already can, to budget for and pay hiring or retention bonuses if approved in their Department of Revenue budget. Support came from property appraiser representatives, who said the bill would help them compete for specialized staff without requiring new funding. The bill was reported favorably.
The committee then considered SJR 318, a proposed constitutional amendment on tangible personal property used on agricultural land, along with an amendment clarifying the exemption’s scope and allowing the Legislature to set conditions by general law. Farm Bureau and the Florida Chamber supported the measure, and the committee adopted the amendment and reported the joint resolution favorably. Members also took up CS for SB 1664, which would require voter reapproval of local discretionary taxes when they expire; an amendment changed the bill to require expiration dates and tied reapproval to tax expiration rather than a fixed eight-year cycle. Local government and tourism groups raised concerns about impacts on tourist development taxes, transportation surtaxes, beaches funding, and long-term financing, while supporters argued voters should periodically affirm local taxes. The committee adopted the amendment and reported the bill favorably.
Next, the committee considered SJR 1510 and its implementing bill SB 1512, both dealing with a homestead-style property tax benefit for certain long-term leased residential properties. After multiple amendments narrowed the proposal substantially, limiting it to one qualifying property and then to single-family homes, mobile homes, and condominium units, counties and cities still opposed the measures as a tax shift to other taxpayers. The sponsor said the changes reduced the scope and fiscal impact, and both measures were reported favorably.
Finally, the committee heard SPB 7034, the Senate tax package, which includes permanent sales tax exemptions, multiple tax holidays, motor vehicle fee reductions, a property tax study, rural investment tax credits, a freeze on local communications services tax rates, and other tax changes, with an estimated $2.1 billion revenue reduction. Testimony was mixed: property appraisers supported the property tax study, while many public commenters opposed the firearm and ammunition tax holiday and urged inclusion of gun safes and locks instead. County, city, tourism, and lodging representatives raised concerns about tourist development tax limits and other local revenue impacts, while supporters emphasized tax relief and the study’s value. After debate, the committee adopted a motion to submit SPB 7034 as a committee bill and reported it favorably.
WY
Wyoming 2026 Regular Session
Select Committee on Gaming, May 14, 2026 - AM
Select Committee on Gaming
NH
New Hampshire 2025 Regular Session
House Ways and Means (02/03/2025)
Transcript Highlights:
- <00:13:42.880>
year collected in fiscal year collected in fiscal year 2024<00:13:45.360> <00:14:29.839>year and fiscal year and fiscal year 2024<00:14:31.920>this <00:14:32.120 - He then said that plea by mail was added to the highway fund in fiscal year 2024, and that in fiscal
- We welcome your questions. 20 in fiscal year 24 we collected 5.6 20 in fiscal year 24 we collected 5.6
- <01:09:15.400>
year our our fiscal year our our fiscal year 2024<01:09:17.480>actual
Summary:
The Department of Safety presented an overview of highway fund and unrestricted revenue collections, focusing on the Division of Administration, the Road Toll Bureau, and the Division of Motor Vehicles. Amy Newbery explained that the main unrestricted funding sources are highway funds and general funds, with highway fund revenue of about $263 million in FY 2024 and a FY 2025 projection of $261.2 million. She said revenue growth has been modest and has not kept pace with costs, creating structural deficits that required general fund transfers of $50 million in FY 2022-23 and another $10 million in FY 2024-25 to balance the fund.
Jennifer Hall described Road Toll operations, including motor fuel tax collection at the distributor level, compliance enforcement, and licensing for fuel distributors, transporters, IFTA carriers, and oil discharge/pollution control. Members asked about IFTA, dyed-fuel enforcement, the possibility of using the state forensic lab for dyed-fuel testing, and whether audit positions had been filled; the department said it recently hired a part-time fuel enforcement officer, still uses IRS testing, could explore lab testing, and had no audit vacancies. Hall also discussed factors affecting fuel-tax revenue, including gas prices, crude oil forecasts, weather, tourism, GDP, and inflation, and said FY 2024 road toll revenue was $127.5 million, above plan, with FY 2025 projected at $127.71 million.
The committee then turned to DMV-related revenues. Newbery said motor vehicle registration revenue was $93.1 million in FY 2024 and is projected at $90.4 million in FY 2025, with the state share going directly to the highway fund. Members asked about the state/town fee split, the five-year registration cycle dip, the distribution of registration revenue by vehicle weight category, and the impact of electric-vehicle surcharges; the department said the five-year dip is still occurring and will fade over time, and it would follow up on the weight-category breakdown. The presentation also noted that driver-license revenues have stabilized, inspection revenues remain steady, plea-by-mail revenue was added to the highway fund in FY 2024, and general fund revenues tied to the department are relatively small and have declined as some functions moved to OPLC. No votes or formal actions were taken.
MN
Minnesota 2025-2026 Regular Session
House Higher Education Finance and Policy Committee 3/12/26
Higher Education Finance and Policy
Transcript Highlights:
- note and we do not yet have a a fiscal note and we do not yet have a fiscal<00:02:39.440>
note. - We will keep members fiscal note.
- We don't even have a fiscal note.
- She said the fiscal note was zero.
- Thanks. worry about the fiscal note cost of the worry about the fiscal note cost of the Schwarz<01:23
FL
Florida 2025 Regular Session
February 13, 2025 - 09:00 AM
Transcript Highlights:
- Carry forward is a residual at the end of a fiscal year.
- In terms of fiscal operations, we all adhere to much the same.
- Carry forward is a residual at the end of a fiscal year.
- We have our fiscal audit, and we have an operational audit.
- We have our fiscal audit, and we have an operational audit.
Summary:
The Higher Education Budget Subcommittee met to hear an overview of State University System finances from the Board of Governors and detailed budget presentations from Florida State University, the University of Central Florida, and the University of North Florida. The witnesses explained how university budgets are organized into fund categories such as education and general, contracts and grants, auxiliaries, local/designated funds, capital projects, and component units such as direct support organizations. They also described carry forward funds, the statutory reserve and spending-plan requirements, the PICO/HECO capital outlay process, and how universities use investment accounts, audits, and board oversight to manage restricted and unspent funds. The universities emphasized that most operating dollars are restricted to specific uses and that state support helps keep tuition low.
Members asked about differences in funding levels among institutions, especially why FSU receives more funding than UCF despite lower enrollment. Officials said preeminence funding, performance funding, and special legislative appropriations explain much of the difference, and the Board of Governors noted that Florida now has four preeminent universities, with UCF nearing that status. Questions also focused on what happens to unspent carry forward money, how it is invested, and whether the Board of Governors or Legislature can require funds to be returned; officials said the money is invested conservatively, subject to board and audit oversight, and can roll forward under a detailed spending plan, though the Legislature can change funding levels. The committee also discussed capital projects, with members asking about delays, inflation, and whether more projects should be phased or funded faster; witnesses said PICO funds remain with the state until needed and are reimbursed as construction proceeds.
A substantial portion of the discussion covered athletics, research, student fees, and endowments. The universities said athletics is generally expected to be self-supporting, though limited use of auxiliary or carry forward funds may be allowed for projects benefiting the broader student body. They also described the financial pressures from name, image, and likeness changes and new NCAA-related costs, and said institutions are planning for those changes now. On research, the universities explained sponsored research funding, indirect cost recovery, compliance obligations, and tech transfer, but did not provide specific commercialization revenue figures and said they would follow up. Members also asked about student fee increases, student input, counseling and wellness funding, and how housing costs affect affordability; the universities said student committees and boards review fees, and aid packaging is intended to keep student debt low. Endowments were described as being held in separate foundations/DSOs with independent investment committees and used mainly for scholarships, faculty support, and research.
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Ways and Means Jun 21st, 2026 at 11:00 am
Joint Committee on Ways and Means
Transcript Highlights:
- However, I wish to stress that this is a hearing for the fiscal year 2026 budget.
- This fiscal year, FY25, is the first fiscal year of the operations of the Office of the Veteran Advocate
- The governor's fiscal 2026 budget funds the department at $1.5 billion.
- We did not include that revenue in our fiscal 26 budget going forward.
- That's fiscal year 2025 as we go into the end of 2025.
Summary:
The hearing opened with remarks from Senate Chair Robyn Kennedy and House Chair Chynah Tyler, who emphasized that the fiscal year 2026 hearing was focused on the Health and Human Services budget, asked members to keep questions budget-related, and noted that no public testimony would be taken. They also highlighted the choice of Doherty Memorial High School as the venue to showcase Worcester’s investment in career and technical education. Committee members then introduced themselves before the first panel, the Executive Office of Veterans Services and the state veterans homes, began testimony.
Secretary John Santiago said the governor’s FY26 proposal would support implementation of the HERO Act, which he said is now about 95% implemented, including higher disabled veteran annuities, expanded behavioral health benefits, and other service expansions. He described efforts to reduce veteran homelessness, including nearly $20 million in ARPA-funded housing and outreach initiatives, and said the agency has delivered more than 100,000 supportive services to nearly 8,500 veterans. Leaders from the Chelsea and Holyoke veterans homes reported on staffing, quality measures, electronic medical records, and major construction projects at both facilities, including a new Chelsea campus and the new Holyoke home. Members asked about funding transfers, geographic equity in access to the homes, outreach to women veterans and veterans of color, suicide prevention, Gold Star family support, and the impact of federal uncertainty; Santiago said the homes are now licensed and certified, that the current budget is sufficient, and that the agency is expanding engagement and data collection.
The second panel, the Office of the Veteran Advocate, testified that its FY26 request is about $3.3 million, up from the current $2 million, to cover staffing, a larger office, and higher technology costs. Veteran Advocate Bob Notch said the office is a new independent oversight agency created in 2022 to examine systems, coordinate with local veteran service officers, and investigate fatalities or serious harm involving veterans in state care. He said the office’s work depends on research, data, and collaboration with other agencies, and that current funding is only enough for minimum operations. In response to questions, Notch and Deputy Commissioner David O’Callaghan discussed the difficulty of tracking veteran suicides, the need for better data across agencies, and the office’s role as an oversight body rather than a direct service provider. No votes or formal actions were taken during the hearing.
MD
Transcript Highlights:
- So, the fiscal note number is not this fiscal note number anymore.
- <01:42:45.480>
note about a fiscal note about a fiscal note and<01:42:47.520>whether - Certainly, when we are looking at fiscal Certainly, when we are looking at fiscal notes, notes,
- the bill the fiscal note amended because the bill the fiscal note the<01:44:18.640>
bill's <01 - just say that this bill with the fiscal just say that this bill with the fiscal note<01:46:24.400
Summary:
The Senate convened with a quorum present, opened with an invocation, and welcomed guests including the doctor of the day, a Johns Hopkins student, and visiting scouts. The chamber then moved through first-reading introductions of several House bills, including measures on bullying and harassment reporting, the Family and Law Enforcement Protection Act, Baltimore County nuisance actions, parole hearing commission procedures, a blockchain technology task force, and a task force on deed fraud, all of which were referred to standing committees.
The main floor action centered on layover bills. Senate Bill 932, concerning social media platforms displaying a user’s usual location, was amended to broaden the protected location reference and to protect participants in the Secretary of State’s address confidentiality program; after discussion about whether minors and child-abuse victims were covered, the amended bill was ordered printed for third reading. Senate Bill 623, creating a premium cigar lounge alcoholic beverage license, drew multiple county-specific amendments. Howard County and Baltimore County amendments sought to give priority to existing local tobacco businesses for the new licenses. Supporters said the changes would protect established local shops from out-of-state entities, while opponents argued the bill should remain statewide and not be amended county by county. A motion to special order the bill failed, and the amendments were adopted before the bill was ordered printed for third reading.
Senate Bill 84, on collective bargaining for graduate assistants, also advanced after a committee amendment was adopted. A District 2 amendment was offered to clarify that graduate assistants are employed as teaching, administrative, or research assistants, but the floor leader opposed it, saying the bill’s definition was already clear and the change would create confusion. The minority leader questioned the definition and the relationship between graduate assistants and employees, prompting discussion of collective bargaining as bargaining by employees through representatives. The transcript cuts off before final disposition of that amendment.
MN
Minnesota 2025-2026 Regular Session
Committee on Environment, Climate and Legacy - 03/12/26
Environment, Climate, and Legacy
Transcript Highlights:
- And of course the fiscal note we don't have a fiscal note yet.
- And of course the fiscal note we don't have a fiscal note yet.
- we don't have a course the the fiscal we don't have a fiscal<00:18:16.680>
note <00:18:16.960> - fiscal note yet. fiscal note yet.
- <00:18:33.320>
note, Because you don't have a fiscal note, Because you don't have a fiscal
NM
New Mexico 2026 Regular Session
House - Taxation and Revenue Feb 16th, 2026 at 08:33 am
House Taxation & Revenue
Transcript Highlights:
- There has been quite a bit of back and forth on the fiscal impact this morning, and I appreciate that
- there is a fiscal impact.
- We hope to correct that in terms of the full understanding of the fiscal impact.
- Is there a difference of opinion, or is there a fiscal impact? Because now I'm hearing two things.
- But the way things are scored, we see now that it has fiscal impact.
NH
Transcript Highlights:
- I'd ask that we increase fiscal year 26 to 150,000 and fiscal year 27 to 150,000 for a total of 300,000
- that we increase fiscal year 26 to 150,000<00:18:58.960>
and <00:18:59.039>fiscal <00:18 - but I guess we'll you know joint fiscal but I guess we'll you know joint fiscal we<00:23:58.640>
- Um but fiscal amount of flexibility.
- fiscal approach uh may be appropriate. fiscal approach uh may be appropriate. um<01:32:28.719>