Video & Transcript Research : 'fiscal trigger'
Page 208 of 500
WV
West Virginia 2026 Regular Session
WV Senate Banking and Insurance Committee in Session Mar 11th, 2026 at 02:34 pm
Transcript Highlights:
- A fiscal note before the committee states there is no fiscal impact.
- When you look at the fiscal note from BRIM, it indicates that...
- That's in the fiscal note.
- You have a fiscal note before you from the Insurance Commissioner's office, noting minimal fiscal impact
- You do have a fiscal note available from BRIM.
Summary:
The Senate Banking and Insurance Committee met with a quorum present and approved the March 4, 2026 minutes by voice vote. The committee first considered House Bill 55, which updates and modernizes workers’ compensation statutes to reflect the privatized system, remove obsolete provisions, and adjust the Workers’ Compensation Board of Review from five members to three. The Insurance Commissioner testified that the bill is part of the cleanup from privatization and would give the governor more flexibility in appointments. After adopting a strike-and-insert amendment and a title amendment, the committee reported HB 55 to the full Senate with a recommendation that it do pass.
The committee then took up House Bill 5463, which would reduce BRIM’s required liability coverage for county boards of education from $1.25 million to $1 million per occurrence and eliminate the separate $5 million excess coverage requirement. BRIM’s director testified that the excess market was difficult to access and costly, but several senators raised concerns that lowering coverage could reduce protection for victims and school-related claims. After a divided vote, the motion to report the bill failed, and HB 5463 was not passed by the committee.
Next, the committee considered House Bill 4869, creating guaranteed issue rights for Medicare supplement policies, including annual birthday replacement rights and a special right for certain Medicaid recipients losing eligibility. Counsel said the bill would prohibit underwriting barriers during the guaranteed issue periods and require an annual report on premium trends. With no amendments offered, the committee reported HB 4869 to the full Senate with a recommendation that it do pass.
Finally, the committee considered House Bill 5462 on mine subsidence insurance. The bill would allow the mine subsidence fund to offset payments by amounts received from other sources and limit lawsuits over claims reported to BRIM. Members debated a proposed strike-and-insert amendment that would have softened the litigation limits and added notice and remedy provisions, but the amendment was rejected. The committee then reported HB 5462 to the full Senate with a recommendation that it do pass, and the meeting adjourned.
HI
Transcript Highlights:
- We will insert an appropriation amount of $100 million out of the general fund for fiscal year 26 for
- expended by SFA, and inserting an appropriation amount of $50 million out of the general fund for fiscal
- We will insert an appropriation amount of $100 million out of the general fund for fiscal year 26 for
- expended by SFA, and inserting an appropriation amount of $50 million out of the general fund for fiscal
- year 26 for a general fund for fiscal year 26 for a new<00:13:47.040>
Middle <00:13:47.360>
TX
Transcript Highlights:
- This item was adopted as amended to provide funding for 9 additional nurses in each fiscal year.
- Funded at 50% and 8 FTEs in each fiscal year, at $10.6 million in general revenue and same amount in
- This item was adopted as amended, funded at 25% with 5.2 FTEs in each fiscal year.
- This item was adopted as amended, funded at 50% and 3 FTEs in each fiscal year.
- To fund at 50% and 5.2 FTEs in each fiscal year.
Bills:
SB 1
MN
Minnesota 2025-2026 Regular Session
Transit operation consolidation 3/11/26
Minnesota House Floor Meeting
Transcript Highlights:
- creates significant service and fiscal creates significant service and fiscal inefficiencies. inefficiencies
- Jumping to page three, the fiscal note shows the Metropolitan Council's portion of the fiscal note.
- You'll notice the general fund savings starting in fiscal year 2028 and continuing in fiscal year 2029
- You'll notice the general fund savings starting in fiscal year 2028 and continuing in fiscal year 2029
- It fiscal note, you just heard about it.
KY
Kentucky 2026 Regular Session
Tobacco Settlement Agreement Fund Oversight Committee. (2-23-26)
Transcript Highlights:
- And then in fiscal year 25, that was $233,500.
- And then in fiscal year 25, that was $233,500.
- And then in fiscal year 25, that was $233,500.
- So, we just kind of wanted fiscal years.
- <00:46:30.800>
for director of fiscal management for director of fiscal management for education
Keywords:
Meeting Start 00:00:00
Attendance Roll Call 00:00:07
Chair Comments 00:00:36
Approval of Minutes 00:04:01
Volunteers of America 00:04:21
Soil and Water Conservation/Energy and Environment Cabinet 00:14:52
Kentucky Office of Drug Control Policy/Justice & Public Safety Cabinet 00:21:05
Kentucky Department of Agriculture 00:26:01
Early Childhood Advisory Council 00:45:18, 958, all
Summary:
The Tobacco Settlement Agreement Fund Oversight Committee met to review how tobacco settlement dollars are being used and to press recipients for detailed information on total funding, administrative versus program spending, and measurable outcomes. The chair emphasized that the committee was not there for general program overviews, but to assess return on investment and whether each program should continue to receive tobacco settlement support. The committee approved the minutes from its December 22, 2025 meeting and then heard presentations from several agencies and organizations.
Volunteers of America Mid-States described its southeastern Kentucky restorative justice program, which uses an evidence-based New Zealand model for juvenile cases in nine counties. The group reported tobacco settlement funding of $516,000 in FY24 and $233,500 in FY25, representing about 17% and then about 5% of the program budget, respectively. It said the funding helped expand the program from 13 cases in 2021 to 180 youth served, and cited an independent evaluation showing recidivism of 24.5% compared with 40.4% in AOC data, along with a cost of a little under $20 per day versus detention and other placements. Some members questioned whether the program fit the tobacco settlement funding categories and suggested it might be better supported through other justice-related funding sources.
The Energy and Environment Cabinet’s Division of Conservation explained that tobacco funds support $1 million in direct aid to conservation districts and $2 million in cost-share projects for farmers, with 5% of the cost-share appropriation allowed for administration, or about $100,000 in FY26. Officials said the direct-aid line was moved into tobacco funding in 2019, reducing money available for farmer cost-share, and described a multi-year project approval and reallocation process. Senator Webb asked for a more specific breakdown of the $850,000 direct-aid amount, and the cabinet said it would provide that information.
The Kentucky Office of Drug Control Policy reported that in FY24 it expended just under $30 million across tobacco funds, general funds, restricted funds, and a one-time federal grant, with less than 2% used for administration. Officials said most tobacco settlement money goes to Kentucky ASAP local boards in all 120 counties, supporting prevention, treatment, and some law enforcement work. The Department of Agriculture then began its presentation, describing strategic investments, loan programs, county funding, administrative costs, and a reported return of about $2.30 for every dollar spent, but the transcript cuts off before that presentation was completed.
CA
California 2025-2026 Regular Session
Assembly Appropriations Committee Jul 1st, 2026
Transcript Highlights:
- Finally, we respectfully request dedicated state implementation funding and a formal fiscal analysis
- We respectfully request a comprehensive fiscal analysis, dedicated state implementation funding, and
- realistic implementation so the Legislature fully understands the fiscal impacts before the mandates
- We respectfully ask the committee to allow additional time to address these fiscal and implementation
- We respectfully request a comprehensive fiscal analysis, dedicated state implementation, funding, and
Summary:
The Assembly Appropriations Committee met on July 1, 2026, and first heard SB 1055 by Senator Laird, which would authorize additional construction procurement methods for the Pajaro River levee/flood control project to speed delivery, improve quality control, and reduce costs after prior flooding and evacuations. The Nature Conservancy testified in support, and there was no opposition or committee questioning. The bill was later moved out of committee, with Republicans not voting and Assemblymembers Dixon and Tangipa voting no.
The committee also heard SB 1000 by Senator Becker, a follow-up to California’s AI Transparency Act. The bill would update content provenance and disclosure rules for AI-generated and non-synthetic content, remove a user threshold for covered systems, add privacy protections, and create guardrails for third-party licenses, with the goal of aligning California’s rules with international standards. Adobe and Google supported the measure, and it was sent out on a roll call with Mr. Ta not voting.
SB 1229, presented on behalf of Senator Allen, would limit an existing Coastal Act disaster-rebuild exemption to prevent speculative development from using the exemption to reduce public access to the coast. The Nature Conservancy supported the bill, there was no opposition, and it was moved out of committee. The committee also approved several bills on the consent and suspense calendars, and public comment included Imperial County concerns about SB 675, including board representation, implementation timing, county administrative control, and funding for mandated changes.
AR
Arkansas 2026 Regular Session
LEGISLATIVE JOINT AUDITING-STATE AGENCIES Mar 12th, 2026
LEGISLATIVE JOINT AUDITING-STATE AGENCIES
Transcript Highlights:
- Karen Perry, Chief Fiscal Officer.
- Karen Perry, Chief Fiscal Officer, Department of Public Safety. Thank you.
- payable and expenditures at the end of fiscal year 24.
- James Caldwell, Chief Fiscal Officer, Shared Administrative Services.
- James Caldwell, Chief Fiscal Officer, Shared Administrative Services.
VT
Transcript Highlights:
- <01:11:39.280>
year appropriated last year in fiscal year appropriated last year in fiscal - Um, and this amount was similarly appropriated in fiscal year 2026.
- <01:15:24.480>
and <01:15:24.960>27 the fiscal year 26 and 27 the fiscal year 26 and - <01:21:56.880>
Committee Joint Fiscal Committee Joint Fiscal Committee committee<01:21:59.000 - calendar uh and there is no fiscal note. calendar uh and there is no fiscal note.
Summary:
The House opened with a devotional reading by poet April Osmon, who read two poems focused on bridging political divides and shared humanity. Members then recognized the final day of service for the legislative pages, thanking them for their work during the 2026 session and presenting each page with a pin and a photo opportunity.
The chamber then handled bill referrals: Senate Bill 193, creating a forensic facility for certain criminal justice-involved persons, was referred to Judiciary; Senate Bill 198, regulating tobacco products and tobacco substitutes, went to Commerce and Economic Development; Senate Bill 214, concerning pre-kindergarten education in geographically isolated school districts, went to Education; and Senate Bill 218, reducing chloride contamination in state waters and carrying an appropriation, was referred to Appropriations. The House also read and adopted two concurrent resolutions: HCR 237 congratulating Vermont-associated 2026 Winter Olympic medal winners, and HCR 238 honoring the Vermont Association for the Blind and Visually Impaired on its 100th anniversary.
Much of the remainder of the session consisted of tributes and guest recognitions tied to those resolutions. Members highlighted Vermont’s Olympic skiers and coaches, including Ben Ogden, Paula Moltzan, Ryan Cochran-Siegle, Jessie Diggins, Mikaela Shiffrin, Barbara Ann Cochran, Bill Koch, and others, and read a note from Diggins thanking Vermont for its support and emphasizing teamwork and community. Speakers also praised VABVI’s century of service and its role in helping blind and visually impaired Vermonters, and several members offered personal remarks honoring retiring Representative Francis “Topper” McFaun for his long service, mentorship, and family legacy.
TX
Transcript Highlights:
- In fiscal year 24, this unit recovered over $20 million for taxpayers.
- Selected fiscal and policy issues item number one community-based care.
- And in fiscal year 2024, APS received $123 million. and 852 intakes.
- So overall for the agency in quarter one of fiscal year 2022.
- year 2022 to 14 year to date in. fiscal year 2025.
NH
New Hampshire 2025 Regular Session
Senate Health and Human Services (01/29/2025)
Health and Human Services
Transcript Highlights:
- But I'm here to provide a little bit of information about the fiscal impact.
- But I'm here to provide a little bit of information about the fiscal impact.
- I did cite that in the fiscal note worksheet.
- <01:52:48.560>
note impact I understand the fiscal note impact I understand the fiscal note - price tag that um you gave the fiscal price tag that um you gave the fiscal note<02:53:15.000>
NH
New Hampshire 2025 Regular Session
Fiscal Committee (11/21/2025)
Transcript Highlights:
- I will call the Fiscal Committee to order for Friday, November 21st.
- handled that previously, the office of cost containment, was essentially abolished at the end of last fiscal
- Is there anything further to come before the fiscal committee on this day?
- there anything further to come before Is there anything further to come before the<00:39:15.200>
fiscal - the fiscal committee on this day? the fiscal committee on this day? >> No. >> No.
Summary:
The Fiscal Committee met on Friday, November 21st and first approved the October 17th minutes, with one member abstaining because she was not present. The committee then adopted the remainder of the consent calendar after removing two items for separate consideration. On tab four, members discussed item 25282 with the Commissioner of Administrative Services and Public Works staff; the project had been delayed after testing revealed design errors and flaws, and the committee was told the work would restart with test piles the following week and was projected for completion in fall 2027. The item was approved.
On tab five, item 25279 concerned a Health and Human Services facility project and a federally required element added late in the process. Commissioners explained that the project had originally been funded at $21 million, later required additional financing, and that the legislature had recently lifted a restriction so non-ARPA funds could be used. They also said the sale of the existing Manchester property would not be needed to complete the build, that a broker RFP was about to be issued, and that any sale would require further approvals. The committee approved the item.
The committee then approved item 25280 after a brief exchange about rainy day fund estimates and prior budget assumptions, and approved item 25278 without discussion. Item 25272 drew questions about the consumer advocate’s RFP for outside utility-rate-case assistance; the office said it eliminated proposals focused only on return on equity work after the Eversource decision, selected a Michigan firm for spreadsheet and operating-cost analysis, and noted there were no in-state firms doing this specialized work. The committee approved the item, with one member recorded in opposition.
On tab nine, item 25261 concerned a new judicial council budget obligation tied to legislation and public defense staffing needs. The presenter said the request reflected a late-added obligation from the judicial branch, that more requests may still be needed, and that public defense staffing was strained by vacancies and competition from Massachusetts. The committee approved the item. Under informational items, members received an update on 529 plan distributions and on interest and dividends tax refunds, with Revenue Administration saying roughly $21 million more in refunds remained and that the repeal-related refunds were nearly finished. The committee also noted an environmental services item for which questions would be submitted separately. The next meeting was set for December 19th at 11:00 a.m., and the committee adjourned.
MN
Minnesota 2025 1st Special Session
House judiciary committee approves HF20 2/13/25
Transcript Highlights:
- I’m not planning to request a fiscal note.
- I’m not planning to request a fiscal note.
- I think we need a fiscal note. It would give us time to get that fiscal note.
- process um one I think we need a fiscal process um one I think we need a fiscal note<01:04:48.359
- and I think it needs to get a fiscal and I think it needs to get a fiscal note<01:13:17.360>
MN
Minnesota 2025-2026 Regular Session
House Higher Education Finance and Policy Committee 1/16/25
Higher Education Finance and Policy
Transcript Highlights:
- <00:02:11.560>
and but we have our nonpartisan fiscal and but we have our nonpartisan fiscal - But with that, we'll turn it over to our nonpartisan fiscal Mr.
- <00:02:49.360>
Mr it over to our nonpartisan fiscal Mr it over to our nonpartisan fiscal Mr - Fiscal year 2024 has been completed, and fiscal year 2025 will end on June 30th of this year, so this
- been completed and fiscal year 25 has been completed and fiscal year 25 will<00:03:46.120>
end
Summary:
The Higher Ed Finance and Policy Committee met to begin a budget overview for higher education. The chair noted quorum, committee member introductions, and that Democratic members were absent. The chair also said the Office of Higher Education would not be appearing for the planned budget deep dive, so nonpartisan fiscal staff would present instead. Ken Savory, the committee’s nonpartisan fiscal analyst, introduced a presentation on the higher education finance structure and timeline.
Savory explained the state budget cycle, the difference between direct appropriations, statutory appropriations, open appropriations, base funding, tails, and one-time appropriations, and how those concepts apply to higher education. He described the committee’s usual budget areas: the Office of Higher Education, Minnesota State, the University of Minnesota, and the Mayo Foundation. He also reviewed historical spending charts showing higher education’s share of the general fund over time, the 2/3-1/3 funding policy in statute, and how tuition and general fund support have shifted. He noted that the FY 26-27 base for the Office of Higher Education area is about $725 million, including roughly $450 million for the State Grant program and about $99 million for North Star Promise.
Members asked about comparing the current budget to earlier biennia, and staff responded that they would need to calculate the percentage difference. The chair then summarized prior budget growth, saying the previous budget was about $650 million over base and the current budget/tail was about $450 million over base. Staff also reviewed the 2024 omnibus higher education bill, including a roughly $5 million reduction to North Star Promise that was redirected to the Fostering Independence Grant program and a $500,000 appropriation for Minnesota State’s Kids on Campus program. The committee did not take any formal votes or actions during this portion of the meeting.
AR
Arkansas 2026 Regular Session
ARKANSAS LEGISLATIVE COUNCIL (ALC) Jun 19th, 2026
ARKANSAS LEGISLATIVE COUNCIL (ALC)
Transcript Highlights:
- Gross adjusted collections for this fiscal year to date is $7.76 billion.
- That is up 4.4% from the last fiscal year to date at $7.44 billion.
- That is up $7.7 billion from the last fiscal year to date, which was $5.9 billion.
- The surplus for this fiscal year is $585.8 billion.
- As for fiscal year 2026, the allocations were included in your packet.
Summary:
The meeting began with a quorum call, prayer, and approval of the previous minutes. Members then adopted a resolution honoring Lori McDonald of the Department of Human Services for nearly 28 years of state service, with remarks praising her legislative work, constituent services, leadership, and emergency response roles. McDonald thanked the committee, and the Senate also presented her with a citation, flag, and commemorative coin.
The committee received the May 2026 revenue report, which showed gross adjusted collections of $7.76 billion year-to-date, up 4.4% from the prior year, and a projected surplus of $585.8 million. The executive subcommittee report was adopted, covering emergency rules for DHS and the Department of Education, school district waiver requests, committee fund allocations, cancellation of the July ALC meeting, and authorization for subcommittees to meet in July on urgent matters. The administrative rules report was also adopted after members noted that most rules were approved, with a few pulled by agencies or held.
Members then heard a lengthy exchange on the Arkansas Education Department’s ClassWallet contract and delays in expense review for education savings account payments. Department officials said they were meeting regularly with ClassWallet, enforcing contract standards, keeping some reviews in-house, and adding staff and technology improvements to speed processing while maintaining oversight. The committee also adopted reports from Game and Fish and State Police, Hospital/Medicaid/Developmental Disabilities, Lottery Oversight, Occupational Licensing Review, Peer Review, Review, State Insurance Programs Oversight, and Personnel, including a Department of Commerce reallocation tied to a broader shared-services realignment.
Under review of communications, members filed several retirement system investment items as reviewed, approved rural community grant funding, gave favorable advice for state park additions, approved special maintenance funding for state parks, and filed Office of State Technology service-rate changes as reviewed. The meeting concluded with no new business and adjournment.
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 would have on the VR program.
- Our fiscal operation, we centralized our fiscal; they used to do their own fiscal operation, DSB did.
NM
New Mexico 2026 Regular Session
House - Taxation and Revenue Feb 9th, 2026 at 08:35 am
House Taxation & Revenue
Transcript Highlights:
- So again, the caps do not change, so the fiscal impact does not change.
- Still expanding the fiscal risk to the general fund. One follow-up question.
- Based on the fiscal no... or to provide rounding laws for all cash transactions.
- But the LFC does have a negative fiscal impact, and we respect their scoring. On the amendment.
- Now that these amendments have been placed on the bill, is there any fiscal impact?
KY
Kentucky 2026 Regular Session
Budget Review Subcommittee on General Government, Finance, Personnel, and Public Retirement.(6-3-26)
Transcript Highlights:
- And this is for fiscal year 25. member, they are responsible for paying member, they are responsible
- And for<00:17:02.400>
fiscal <00:17:02.720>This <00:17:02.920>is <00:17:03.040>- > for<00:17:03.200>
fiscal <00:17:03.640>year <00:17:03.839>25. - >> No, these are people who were reemployed in fiscal year 2025.
- So, for those exempted positions, again looking at fiscal year 2025, um, for the sheriff appointments
- > for<00:17:03.200>
Keywords:
Meeting Start 00:00:00
Attendance Roll Call 00:00:54
Pension System Update 00:03:38, 958, all
Summary:
The committee held its first official interim meeting after merging the General Government and Finance, Personnel, and Public Retirement committees, establishing a quorum and opening with the pledge and prayer. Members then received a briefing from KPPA representatives Ryan Barrow and Aaron Sarock on the state retirement systems, including KERS, CERS, and SPRS, and on the importance of fully funding the actuarially determined employer contribution, supplemental appropriations, and investment earnings in reducing unfunded liabilities. They said the systems have made progress toward a statutory closed amortization target of 2049 and emphasized that supplemental funding lowers current employer contribution rates but does not change that end date.
A major topic was federal and state reemployment-after-retirement rules for retirees who return to work with participating employers. KPPA explained that retirees must have a bona fide separation from service, no prearranged agreement to return, and generally a one-calendar-month break in service for retirees on or after January 1, 2024. If a member fails to comply, retirement benefits can be voided, payments stopped, health coverage ended, and benefits repaid. The presenters also noted that rehired retirees do not earn a second retirement account, and employers rehiring them must pay employer contributions and, in non-exempt cases, reimburse health insurance costs.
Members asked about the scale of rehired retirees and the difference between employer contribution and health insurance reimbursement amounts. KPPA said that in fiscal year 2025 there were over 3,500 rehired retirees in CERS and over 5,000 in SPRS, with substantial employer contributions and health reimbursement payments collected. They also explained that some positions are exempt from these chargebacks, including school resource officers and certain law enforcement positions that meet statutory criteria. The committee discussed House Bill 213, which allows cities, sheriffs’ departments, and post-secondary institutions to offer health insurance to rehired officers if authorized by the governing body, effective August 1, 2026, and clarifies the fiscal-year basis for certain exemption limits. No votes were taken.
MN
Minnesota 2025-2026 Regular Session
Personal care assistance and community first services and supports 3/10/26
Minnesota House Floor Meeting
MN
Minnesota 2025-2026 Regular Session
Minnesota Management and Budget Press Conference 2/27/26
Transcript Highlights:
- Left unspent, that surplus will carry forward into fiscal years 2028 and 2029.
- projected balance at the end of fiscal projected balance at the end of fiscal years<00:05:09.199
- future fiscal crisis. future fiscal crisis.
- likely we are to face a future fiscal likely we are to face a future fiscal cliff. cliff. cliff.
- . that fiscal discipline on this forecast. that fiscal discipline will<00:34:56.560>
remain <00
Summary:
Minnesota Management and Budget officials presented the February 2026 budget and economic forecast, saying the state remains in a strong financial position but faces continued structural imbalance and significant uncertainty. Commissioner Aaron Campbell said the FY 2026-27 balance is now projected at more than $3.7 billion, up about $1.3 billion from November, and the FY 2028-29 planning period is projected to end with a $377 million positive balance. He emphasized that the improvement comes largely from higher projected revenues, especially individual income and corporate franchise taxes, but warned that the state is increasingly reliant on more volatile sources such as capital gains, interest income, and corporate profits.
State Economist Dr. Anthony Becker said the national outlook improved slightly, with stronger projected GDP, consumer spending, and investment, but weaker payroll growth and ongoing trade-policy uncertainty. He noted that the forecast was complicated by missing federal data because of the federal shutdown, and that tariffs, immigration policy, equity markets, and possible AI-related shifts all present risks. Revenue projections were raised for the current biennium, including individual income tax receipts, sales tax revenue, corporate franchise tax revenue, and other revenues, while Becker stressed that federal funding threats, especially involving Medicaid and other entitlement programs, could materially alter the outlook.
State Budget Director Anna Mingi said general fund spending in the current biennium is projected to be $68 million lower than previously estimated, but planning-year spending is up $152 million. The biggest spending changes came from education, where special education costs rose sharply after updated local spending data, and from human services, where a new prepayment review process for certain Medicaid benefits reduced projected spending by $133 million this biennium and $105 million in the next. She also said discretionary inflation is now estimated at $1.04 billion, up $104 million from November.
Campbell closed by saying the state’s reserve remains at a record $3.8 billion and that Minnesota’s AAA bond rating and reserve policy help protect against downturns. He cautioned, however, that the long-term structural imbalance remains about $3.4 billion in the planning years, or $2.3 billion excluding discretionary inflation, and urged policymakers to offset any new spending with reductions. No votes or formal actions were taken; the meeting was a presentation and question-and-answer session on the forecast.
NM
New Mexico 2025 Regular Session
IC - Revenue Stabilization and Tax Policy Sep 30th, 2025
Revenue Stabilization & Tax Policy Committee
Transcript Highlights:
- Moving on to the highlights for fiscal year 27 through fiscal year 30, when you look at the rates, the
- In fiscal year 24, investment income as a share of total was 14%.
- And an estimated column there for fiscal year 27.
- Moving on to fiscal year 26, as I mentioned, year-over-year growth is 0.4% over fiscal year 25, and estimated
- Okay, and how much is the fiscal... impact of that 60% deduction?