Transcript Highlights:

• Next, we'll take up tab 9, CS for SB 988 on securities by Senator Truenow.
• CS for SB 988 on securities by Senator Truenow.
• Senate Bill 988 modifies the conditions under which certain security transactions are exempt from registration
• It updates the filing obligations for securities issuers under the Florida Invest Local Exemption Law
• eligible for, and I was granted the Foster Youth to Independence Housing Voucher, which allowed me to secure

Summary: The Committee on Fiscal Policy met and considered a wide range of bills, including early learning and special needs funding (SB 1102), Israel bond investment authority (SB 1674), Parkinson’s disease research at USF (SB 1800), mental health and substance use disorder reforms (SB 1620), veterans nursing home beds (SB 788), securities regulation updates (SB 988), labor pool regulation (SB 1672), Alzheimer’s awareness (SB 398), educator preparation (SB 1590), student mental health reporting (SB 1310), specialty license plates (SB 824), financial institutions and IOTA-related issues (SB 1612), transportation facility designations (SB 1408), utility worker protections (SB 1386), DNA testing grants (SB 1072), the Council on the Social Status of Black Men and Boys (SB 364), housing support for former foster youth and homeless students (SB 584), sex offender registration changes (SB 1654), migrant vessel disposal (SB 830), commuter rail indemnification (SB 916), juvenile justice revisions (SB 1344), aggravating factors in capital cases (SB 984), and a criminal offender substance abuse pilot program (SB 1140). Most bills were explained by sponsors, often with supportive testimony from affected agencies, advocacy groups, or industry representatives, and several were amended before final action. The committee adopted amendments on many measures, including clarifications and effective-date changes for SB 1102; technical changes to SB 1620 implementing mental health commission recommendations; a delete-all amendment for SB 1620; an amendment to SB 988; a consumer-disclosure amendment on SB 1612; and multiple amendments to SB 1408, SB 364, SB 584, SB 1654, and SB 1344. SB 1672 on the Labor Pool Act drew extensive public testimony in opposition from worker advocates, who argued repeal would weaken protections for temp workers and formerly incarcerated workers, and the bill was temporarily postponed to a later meeting without a vote. Several bills received notable testimony in support, including SB 584, where former foster youth described housing instability and the importance of campus housing and federal voucher coordination; SB 1386, which was backed by utility and industry groups seeking stronger penalties for assaults on utility workers; and SB 984, which drew opposition from the Florida Conference of Catholic Bishops over expansion of death penalty aggravators. The committee also heard support and opposition on SB 1612 regarding IOTA interest rates and legal aid funding, with bankers and civil legal aid representatives disputing the proper rate structure and whether the bill conflicted with Florida Bar rules. At the end of the meeting, the committee reported all voted-on bills favorably, including SB 1102, SB 1674, SB 1800, SB 1620, SB 788, SB 988, SB 398, SB 1590, SB 1310, SB 824, SB 1612, SB 1408, SB 1386, SB 1072, SB 364, SB 584, SB 1654, SB 830, SB 916, SB 1344, SB 984, and SB 1140. Members also requested to be recorded on various bills, and the committee adjourned after noting one remaining meeting would be lengthy.

Transcript Highlights:

• Social Security will not take it, and insurance companies will not take it.
• stuff is important because if a couple presents that license to agencies like DPS or the Social Security
• one staff attorney and that funding is provided through TAF's Legal Aid for Children's Health and Security
• education, assistance with special education, obtaining Medicaid, obtaining TANFF, and obtaining Social Security
• They may be on Social Security and fixed incomes and strained financially to support these children,

Transcript Highlights:

• you don't have the true and correct completed copy... ...Immigration will not accept it, Social Security
• step is... important because if a couple presents that license to agencies like DPS or the Social Security
• That funding is provided through TAJF's Legal Aid for Children's Health and Security Grant, which expires
• education, assistance with special education, obtaining Medicaid, obtaining TANF, and obtaining Social Security
• They may be on Social Security and fixed incomes and are strained financially to support. these children

Bills: HB557, HB732, HB1892, HB1954, HB2301, HB3180, HB3405, HB3650, HB3758, HB4035, HB4621, HB4795, HB4870, HB5069, HB5137, HB5149

Keywords: child support, arrears, court enforcement, contempt, legal protections, healthcare, insurance, cost reduction, accessibility, regulations, impotency, marriage annulment, Family Code, Texas law, family law, Texas legislation, dissolution of marriage, annulment, marriage, child custody

Transcript Highlights:

• It also creates temporary jobs in hospitality, security, event planning, and other industries.
• NRA's lobbying arm is consistently opposed to gun safety bills, even measures that would promote secure
• Prior to the event, I'd always perceived school as a place of inherent security and safety, but over
• policies like requiring a universal background check on all gun sales, ensuring all firearms are stored securely
• So there's a lot of moving pieces that we have to secure an anchor before we can run that.

Bills: SB913, SB1086, SB1087, SB1143, SB1534, SB1553, SB1718, SB1754, SB2004, SB2322, SB2448

Keywords: hotel occupancy tax, municipal revenue, tax code, local government funding, Texas legislation, county taxation, economic development, hotel industry, local government, counties, taxation, tourism, workforce development, youth programs, employment, education, technical training, health physics, higher education, nuclear energy

Summary: The committee heard a series of bills, mostly related to economic development, tax incentives, and workforce programs. Senate Bill 1534 would direct a study by the Texas Higher Education Coordinating Board and the Texas Workforce Commission on health physics education and workforce needs; resource witnesses from the Workforce Commission and Coordinating Board testified, and the bill was left pending. Senate Bill 1553 would authorize Kerr County to impose a hotel occupancy tax for tourism-related uses, and Senate Bills 1086 and 1087 would authorize similar county hotel taxes for Children’s County and Mason County; all three bills received supportive testimony and were left pending. The committee also heard Senate Bill 1754, which would prohibit county and local tax abatements for renewable energy facilities selling power wholesale, with testimony sharply divided between landowners and policy groups opposing renewable subsidies and industry representatives and some senators arguing the bill would harm clean energy investment and local decision-making; the bill was left pending. The committee then heard Senate Bill 2322, which would exempt dispatchable electric generation facilities from the JEDI program’s compelling-factor test so they could qualify for school district tax incentives; testimony was mixed, and the bill was left pending. Later, the committee heard Senate Bill 1718, which would add the NRA annual meeting to the state’s major events reimbursement program. The bill’s sponsor and NRA representatives argued the event brings substantial tourism and economic activity, while opponents said it would use taxpayer funds to subsidize an organization that opposes gun safety measures; the bill was left pending. Senate Bill 2004 would add the Arlington Grand Prix to the major events reimbursement program, with the committee substitute exempting it from the usual competitive site-selection requirement because of timing; testimony from the event organizers and Arlington tourism officials was supportive, and the bill was left pending. Senate Bill 2448 would create a rural workforce development grant program at the Texas Workforce Commission to support college-and-career readiness and technical assistance in rural communities; witnesses from Texas 2036, Collegiate Edgination, and a rural school district supported it, and it was left pending. Finally, Senate Bill 913 would repeal a special requirement that Alpine dedicate at least 50% of its hotel occupancy tax to advertising and promotion, and Senate Bill 1143 would require more coordination and reporting for youth workforce programs serving disconnected young Texans; both bills received supportive testimony and were left pending. At the end of the hearing, Senator Johnson moved that the committee stand in recess, subject to the call of the chair.

Transcript Highlights:

• phase of the case to be able to provide their own medical experts and less than 60 to 90 days, we had secured
• these low value parcels from easements and returning them to the tax rolls for development while securing
• But only if the owner offsets the loss by securing wetland mitigation credits to protect more valuable
• You'll get harassed by, you know, beach chair people and security guards.
• They've been chased terrorized, screamed at by security guards on the beach. It's been awful.

Keywords: 999, senate, all

Transcript Highlights:

• another, that the school district says, well, we want to retain responsibility for maintaining the security
• We want to make sure that we still have responsibility for the security, because, after all, these are
• It's in a secure location that's accessible.
• In a secure location that's accessible.
• So that could be with the school nurse or that could be at a designated secured location.

Summary: The Senate Committee on Education Pre-K through 12 considered a series of education-related bills, many of them after adopting amendments. SB 1122 on Florida Virtual School was amended to remove virtual preschool provisions and then passed favorably, with the sponsor describing it as a clarifying bill about FLVS operations, revenue sources, reporting, and student access. SB 1374, on school district reporting requirements for educator arrests and misconduct, was also approved; it requires faster district action and reporting when instructional personnel are arrested for certain offenses and clarifies that self-reports are not admissions of guilt. SB 1402, on student enrollment and dropout retrieval programs, was amended and passed to broaden eligibility for dropout retrieval services and allow certain virtual providers to receive a school improvement rating instead of a school grade. SB 364, moving the Council on the Social Status of Black Men and Boys from the Department of Education to Florida Memorial University, was amended and reported favorably. The committee also approved SB 772 on diabetes management in schools, which would allow districts to obtain and store glucagon for emergency use by trained school staff or nurses, with liability protections included. SB 1102 on school readiness programs for children with disabilities passed after testimony that it would expand identification of disabilities, require more training for providers, and direct special-needs funding toward better-supported classrooms. SB 1382, also on school readiness, was approved and would change the definition of economically disadvantaged families, adjust priority tiers, and update the waitlist and forecasting process for child care assistance. The most debated measure was SB 140, which was substantially rewritten by delete-all amendment to create “job engine charter schools,” allow municipalities to seek charter schools aimed at attracting industry, authorize parent votes for conversion of existing public schools, and set requirements for district five-year property plans and surplus property use, including affordable housing and charter school purposes. Supporters argued it could aid economic development and repurpose underused property, while opponents raised concerns about privatization, reduced stakeholder input, unclear voting procedures, and loss of district control over property. Despite extensive debate and multiple public speakers against it, the bill passed favorably. The committee also approved SB 430, a merged AED and cardiac emergency response bill requiring public schools to have a cardiac emergency plan, trained staff, and an operational AED in a publicized location, with reimbursement provisions and liability protections; it passed after supporters emphasized life-saving benefits and manageable training costs. The committee adjourned after recording additional members’ votes on selected bills.

Transcript Highlights:

• Social Security benefits also contribute significantly, and as a result, a 100% disabled veteran and
• spouse who have no earnings from work, but solely rely on disability and Social Security, may be disqualified
• According to Academy Securities, which manages the bond financing, we will run out of funds in October
• Additionally, over 810,000 national security jobs depend on our ability to attract and keep highly skilled

Summary: The Assembly Committee on Military and Veteran Affairs heard several veteran-focused measures, with extensive testimony in support from veterans’ organizations and individual veterans. SB 888 would exclude VA service-connected disability compensation from household income calculations for the low-income disabled veterans’ property tax exemption, addressing a situation where disability benefits can disqualify veterans from tax relief. SB 1354 would prohibit military personnel from another state, territory, or district from entering California to perform military or law enforcement functions without the Governor’s express permission, while preserving Title X activity, training, and mutual aid arrangements. SB 623 would place the Veterans Bond Act of 2026 on the ballot to authorize a $1.25 billion general obligation bond for the CalVet Home Loan Program, which supporters said is nearing depletion of bond authority and remains a critical path to homeownership for veterans and military families. SB 1407 would increase the state income tax exclusion for military retirement pay and surviving spouse benefits to the first $40,000, subject to income caps, as a retention measure to keep military retirees in California. Supporters for the bills emphasized housing stability, affordability, retention of veterans in California, and the economic benefits of keeping military retirees and their income in the state. SB 888 and SB 623 drew broad support from veterans’ groups, county veterans service officers, and related organizations, with no opposition testimony. SB 1354 also received support from veterans’ advocates, while committee members sought clarification on training, mutual aid, and the bill’s scope, and the author agreed to work on amendments. SB 1407 drew strong support from veterans and military organizations, but also formal opposition from the California Tax Reform Association, which argued the state already provides generous veteran benefits and that the tax break would be unfair to other public servants. The committee voted to advance all four measures. SB 888 was approved and re-referred to Revenue and Taxation; SB 1354 was approved as amended and re-referred to Public Safety; SB 623 was approved as amended, given urgency, and re-referred to Housing and Community Development; and SB 1407 was approved and re-referred to Revenue and Taxation. The consent item, SCR 143, was adopted unanimously. After the initial votes, the committee later took add-on votes to confirm passage of SB 888 and SB 1354, and the meeting adjourned.

Transcript Highlights:

• Social Security benefits also contribute significantly, and as a result, a 100% Benefits also contribute
• disabled veteran and spouse who have no earnings from work, but solely rely on disability and Social Security
• According to Academy Securities, which manages the bond financing, we will run out of funds in October
• Additionally, over 810,000 national security jobs depend on our ability to attract and keep highly skilled

Keywords: 988, house, all

Transcript Highlights:

• four attributes of data for data management when setting up system controls: complete, accurate, secure
• You'll hear me say that a couple more times, but data should be complete, accurate, secure, and reliable
• We expect the agency to have strong controls to ensure data is complete, accurate, secure, and reliable
• you may be familiar with the limitations we place around details of our results that may affect IT security

Keywords: 904, all

Summary: The committee heard a State Auditor’s Office performance audit on OSPI’s school apportionment system, which distributes K-12 funding to districts. Auditors said the system and its underlying 2008-era infrastructure are outdated, unstable, inefficient, and at high risk of errors or failure. They also found weak controls over data input, documentation, oversight, and monitoring, with heavy reliance on a small number of staff and vendor knowledge. In limited testing of three districts, the system calculated 2023–24 funding correctly, but auditors identified small discrepancies between state budget inputs and underlying statutory language and said broader system risks remain unresolved. JLARC members asked about the scope of the district testing, whether smaller districts face greater risk, the meaning of the funding discrepancies, and whether the system could support a future change to a simpler per-student funding formula. Auditors said the discrepancies were small but could compound into millions statewide, and that the audit did not evaluate broader policy questions or alternative system owners. They recommended OSPI modernize or replace the system and address current control weaknesses while the new platform is developed. OSPI officials largely agreed that the current platform needs replacement and said a feasibility study completed in 2024 found the system at catastrophic risk of failure. They clarified that the Legislature had approved up to $16 million in the state IT pool for the project, but that funding is released through gated oversight and not all of it had yet been appropriated for the current biennium. OSPI disputed the auditor’s characterization of some rounding and budget-law issues, saying the calculations were consistent with agency rules and legislative inputs, and explained that some manual workarounds are used to handle newer statutory requirements. One member of the public testified in support of modernizing the system and strengthening controls. The committee then adjourned.

Transcript Highlights:

• increases in the low-income weight and additional assistance, $44,800,000 to the Department of Economic Security
• There is no doubt about that because the continuation of the Department of Economic Security is tied
• We're talking about adult protective services at the Department of Economic Security and Department of
• to have the last word on this, because she has a continuation bill for the Department of Economic Security

Keywords: 1182, all

Transcript Highlights:

• Is this special security unit that could be dispatched to lawmakers' homes if there's a credible threat
• Is this<00:09:39.800> um<00:09:39.960> special<00:09:40.400> security<00:09:41.080
• > unit<00:09:41.760> that<00:09:41.960> could this um special security unit that
• could this um special security unit that could be<00:09:42.240> dispatched<00:09:43.360> um

Keywords: 918, senate, all

Summary: A Senate DFL leader discussed the upcoming supplemental budget and said nearly half of it is being shaped by the federal budget bill passed last July, which he argued is driving hospital distress, higher county costs, and pressure on family budgets. He said the budget will focus on affordability, health care, and responding to federal actions, including an uncompensated care fund for hospitals in distress and possible one-time county technology upgrades to handle new Medicaid-related requirements. He estimated Senator Wiklund’s health and human services proposal includes about $50 million for those upgrades and said that item would likely be handled in an appropriation bill rather than a bonding bill. The leader also said bonding is a top priority this year and that public asset maintenance remains important, including projects tied to sports and civic facilities. On HCMC and broader hospital funding, he said he is confident the Legislature will act, but wants to address the hospital within the context of the statewide hospital delivery system. He also said the Senate has not yet taken a position on a proposed tax related to fraud restitution, but emphasized support for fraud prevention, an independent inspector general, and more resources for the Attorney General. School safety was another major topic. He said Senate Democrats plan to bring a comprehensive package to the floor that includes school safety funding, mental health care, and measures addressing weapons of war, and he expressed hope that some Republicans will support it. He said the Senate education finance bill already includes more school safety funding than the House GOP version, less funding for private school safety, and no weapons-of-war language, but that a broader package will come through the Finance Committee soon. He also said the Senate expects to take up a stand-alone building security package to cover ongoing screening and staffing costs, and he supported creating a special security response unit for threats against lawmakers. Other issues mentioned included support for banning NDAs for local governments, continued attention to public safety and accountability in response to federal immigration enforcement actions, and interest in a bill affecting Minneapolis sports-related taxes and PGA funding, though he said those proposals are still being worked on and may not pass this year.

Transcript Highlights:

• Again, having our experts be able to visualize... ...specimens in a secure electronic medical record,
• Right now they're able to stop and look and make those clinical decisions based on the data in that secure
• Imagine if they were able to draw a bunch of blood and, with those biometrics in that secure electronic
• And so, just like our electronic medical record system, everything is kept secure in that regard.

Bills: SB1786

Keywords: artificial intelligence, content verification, provenance data, transparency, digital content, 1182, all

Transcript Highlights:

• Blaisdell Center and emerged victorious, securing first place in the competition.
• Blaisdell Center and emerged victorious,<00:30:46.360> securing<00:30:46.840> first<00:
• 30:47.120> place<00:30:47.480> in<00:30:47.600> the victorious, securing first place
• in the victorious, securing first place in the competition. competition. competition.

Bills: HR204, SB2925, SB2798, SB2320, SB2800, SB1230, SB2706, SB3233, SB2405, SB3320, SB2543, SB3097, SB3096, SB3140, SB2593, SB2567, SB2466, SB2140, SB2088, SB3090, SB608, SB2795, SB3294, SB3263, SB3001, SB2907, SB3251, SB2074, SB2360, SB2354, SB2908, SB2353, SB3045, SB2047, SB3254, SB3246, SB3133, SB2425, SB2671, SB3229, SB2969, SB1166, SB896, SB2391, SB2125, SB3118, SB3325, SB2613, SB2614, SB494, SB2376, SB3326, SB2001, SB2599, SB3048, SB3169, SB2002, SB3247, SB3253, SB2155, SB2192, SB3187, SB2190, SB2398, SB2424, SB3028, SB2338, SB3219, SB2981, HCR14

Keywords: H.R. 204, House Resolution, Hawaii LifeSmarts, LifeSmarts State Competition, student competition, academic recognition, congratulatory resolution, Iolani School, Kalani High School, Waipahu High School, personal finance, consumer rights, health and safety, technology education, environmental education, National Consumers League, Department of Commerce and Consumer Affairs, Hawaii Credit Union League, youth achievement, high school teams

Transcript Highlights:

• But it's about as secure as any data can be.
• But<00:14:43.480> it's<00:14:43.960> about<00:14:44.360> as<00:14:44.480> secure
• as<00:14:44.960> it<00:14:45.080> can<00:14:45.320> be But it's about as secure
• as it can be But it's about as secure as it can be any<00:14:46.600> data<00:14:46.960> can

Keywords: 1183, house

Summary: State Representative Nolan West announced “Harvey’s Law,” a proposal to require child care centers that receive state funding through CCAP, early learning scholarships, or Great Start compensation to install cameras in infant and toddler rooms and retain footage for 28 days. West said the bill is an expansion of portions of House File 1915 passed last year, arguing that cameras are needed for transparency, accountability, and child safety, and that waiting for a maltreatment violation before requiring cameras is too late. He also said the measure is aimed at centers rather than family child care, and that he would like to see cameras more broadly but is focusing this bill on state-funded centers. West and Harvey’s parents, Catherine and Hunter Mucklebust, described Harvey’s death at daycare and said cameras could have revealed earlier abuse, prevented later harm, and led to stronger accountability. They said they believe Harvey would still be alive if cameras had been installed, and that even if the bill does not pass in full, any step toward cameras would be meaningful. A statement from Blaine Police Captain Mark Borboom was read, saying a 2024 child care abuse investigation showed how a 7-day retention period can cause critical evidence to be lost and that cameras are about transparency and protection, not surveillance. During questions, West addressed privacy and cybersecurity concerns, saying the bill uses closed-circuit systems, access controls, and audit logs, and that cybersecurity experts would testify at the committee hearing. He said the main opposition is the risk of hacking, but he believes child safety outweighs that concern. West also clarified that the bill discussed at a separate 3:00 hearing was a different measure related to CCAP fraud and attendance verification, not Harvey’s Law. The Mucklebusts said they expect a long legislative process but remain committed to pushing the bill forward.

Transcript Highlights:

• Access to environmental health data is a prevention tool, and the bill secures that access without expanding
• prevention tool, and health data is a prevention tool, and the<00:09:21.920> bill<00:09:22.160> secures
• <00:09:22.720> that<00:09:23.040> access<00:09:23.519> without the bill secures
• that access without the bill secures that access without expanding<00:09:24.720> agency<00:09

Keywords: 1189, house, all

Transcript Highlights:

• Mississippi Department of Unemployment Security, MDEES, is responsible for calculating the unemployment
• > Unemployment Mississippi Department of Unemployment Mississippi Department of Unemployment Security
• MDEES,<00:09:31.279> is<00:09:31.519> responsible<00:09:32.080> for Security
• , MDEES, is responsible for Security, MDEES, is responsible for calculating<00:09:32.800> the<

Keywords: Economic and Workforce Development - Room 216, 30 January, 2026; 9:45 AM, 925, all

Summary: The committee met with a quorum and first took up Senate Bill 2417 on employment telework policies. The chair explained the bill was intended to give agencies, boards, and other groups clear authority to set telework policies, noting much of the issue arose during COVID and that the Personnel Board may already have adopted similar rules. The committee adopted a title-sufficient do pass motion and reported the bill out without opposition. Next, the committee considered Senate Bill 2419, a child care workforce proposal from Senator Boyd. The chair described it as a companion to another finance bill and said it would create an employee child care tuition assistance partnership program to help address child care costs that can keep people out of the workforce. The bill was moved as title sufficient do pass and reported out. The committee then advanced Senate Bill 2671, which would bring forward code sections related to state salary-setting and economic development hiring, especially for positions such as MDA and Accelerate Mississippi leadership that are not currently at market rates. Senate Bill 2672 was also advanced; it concerns code sections tied to economic development and Accelerate Mississippi’s role in recruiting, training, and speeding business investment and startup in the state. Both bills were reported out on title-sufficient do pass motions. Finally, the committee heard Senate Bill 2678, a proposal by Senator Taylor to index unemployment benefit duration to the state or regional unemployment rate. Taylor said the bill would shorten benefits when jobs are plentiful and extend them when unemployment is high, citing other states that use similar systems. Members asked whether the measure should be based on state, region, or county data, and the chair agreed it should be made region-specific or county-specific if needed. The committee then adopted a title-sufficient do pass motion, reported the bill out, and adjourned on a motion to rise and report.

Transcript Highlights:

• Social Security Administration to the definition... House Bill 2120 adds the U.S.
• Social Security Administration to the definition of competent medical authority for property tax purposes
• already have a disability determination from the United States government in the form of the Social Security
• And not to say that if you're disabled from Social Security, that makes sense.

Bills: HB2120, HB2173, HB2261, HB2786, HB2792

Keywords: property tax exemption, disability, veterans, widows, income limits, Arizona Revised Statutes, property tax, electronic communication, tax assessment, tax correction, real estate, agriculture, tax classification, land use, nonprofit organizations, transaction privilege tax, tax exemption, textbook rental, education, business leasing

Transcript Highlights:

• Then item number six is for the Water Security Planning Act.
• Okay, yeah, so that would be $5 million, which is the full request for the Water Security Planning Act
• My second—I don't know if this is going to be a question or statement—but to implement the Water Security
• Yeah, we got the Water Security Planning Act after it was already printed.

Keywords: 996, all

Transcript Highlights:

• Tax year 25 was the second year of a three-year phase of taxes on Social Security.
• So when folks are filing their tax returns this spring, they're going to calculate 60... ...Security.
• So when folks are filing their tax returns this spring, they're going to calculate a 65% Social Security
• That offsets the Social Security deduction that's going to come in place.

Keywords: 994, senate, all

Summary: The Senate Finance Committee met with a quorum present and first approved the minutes from the January 15 morning meeting. The main agenda item was the Department of Revenue’s budget and revenue presentation from Secretary Eric Nelson, Deputy Secretary Peter Shirley, and Deputy Secretary Mark Mucco. Nelson said the state remains double-A rated with a positive outlook, the budget includes a 5% personal income tax reduction, and the 2027 general revenue estimate is $5.493 billion, up $170 million from the prior year. Shirley gave an economic overview, saying West Virginia is forecast to see continued but slowing employment growth, continued wage growth, gains in private education/health services and business services, declines in some sectors, improving labor force participation relative to the nation, and strong recent net in-migration. He also noted continued growth in natural gas production and a modest rebound in coal production, though coal faces longer-term demand pressure. Mucco reviewed revenue trends and said 2025 collections were about $5.5 billion, below the prior year but above estimate, with personal income tax and sales tax driving the surplus. He explained that the forecast incorporates the 5% PIT cut and annual conformity to the federal One Big Beautiful Bill Act, including changes such as Section 179 expensing, bonus depreciation, R&D expensing, business interest deductions, and a new manufacturing facility expensing provision. He also discussed the effects of tax credits, severance tax volatility, declining tobacco revenues, and health care provider tax changes tied to federal Medicaid rules. He said road fund revenues are largely flat absent policy changes, and county commission revenues are growing faster than state revenues. Members asked about when new economic development projects like NewCore would appear in the projections, how much 20,000 new jobs would matter, whether the department had a calculator for job-growth impacts, the status of recent tax cuts, road fund growth, tobacco/vape taxation, and whether migration data could be broken down by county. The witnesses said major projects are not yet in the S&P-based forecast but would likely add jobs, wages, and tax revenue over time; they estimated 20,000 jobs would be a significant increase. They also said the state is unlikely to hit the current personal income tax trigger in the near term. No substantive votes were taken beyond approving the minutes, and the committee adjourned after a motion carried by voice vote.

Transcript Highlights:

• And so I checked into it, and I found that you don't even need somebody's Social Security number to be
• You can steal somebody's house today and you don't even need their Social Security number.
• So our concern is that gives a sense of false security. It slows things down.
• It might give you a sense of false security, but you're not actually catching people's identities or

Keywords: 959, house, all