Transcript Highlights:

• So, going to take a lot of resources.
• <04:02:32.880> by the amount of people, the resources by the amount of people, the resources
• <04:13:38.960> that there a date with your resources that there a date with your resources
• > time perspective, the resource time perspective, the resource perspective<04:38:35.680> that
• Where will these resources come from?

Keywords: 1189, house, all

Transcript Highlights:

• The next natural step is ensuring that those resources are used well to expand people's access to fast
• that we uh have that those resources that we uh have invested<00:45:11.560> are<00:45:11.760>
• With a recent analysis of the FOIA data from the Deportation Data Project, our estimates were within
• With<01:31:07.120> a<01:31:07.160> recent<01:31:07.480> analysis<01:31:08.040>
• of the FOIA data With a recent analysis of the FOIA data from<01:31:09.600> the<01:31:10.040>

Bills: HF3373, HF4449, HF3486, HF4180, HF4227, HF2505

Keywords: transportation, interchange, funding, bonds, St. Paul Park, transit, Metropolitan Council, Twin Cities, metro area, high-frequency transit, bus rapid transit, busway, guideway, transportation policy plan, transit performance measures, regional transit benchmarks, transit-oriented development, TOD, zoning, land use

Summary: The committee approved the April 8, 2026 minutes and then heard House File 3373, which was laid over. The bill sought trunk highway bond funding for preliminary and final design work at the 70th Street interchange in St. Paul Park. Representative Hansen, Mayor Keith Frankie, and Washington County Commissioner Karla Bigham described the interchange as undersized and increasingly unsafe because of refinery truck traffic, aggregate hauling, nearby growth, and changing traffic patterns. Members asked about prior study, cost, and greenhouse gas requirements, and the bill author said the request was about $500,000. Chair Cosgrove noted the bill would be laid over and suggested the issue could involve future statutory exemptions. The committee then took up House File 4449, also laid over, after adopting the A4 author’s amendment. Representative Jones presented the bill as a transit planning and accountability measure for the Twin Cities metro. It would set numeric transit goals, require better coordination between road projects and future transit projects, and give the Met Council more tools to support transit-oriented development, including property acquisition and development around transit corridors. Jones argued the bill would help avoid rebuilding roads twice and improve transit ridership, frequency, speed, and reliability. Representative Olson offered an amendment to exempt highway projects primarily addressing documented safety issues, arguing that safety projects should not be burdened by added transit requirements or costs. Jones said she supported the safety concern but opposed the amendment as written because the bill was aimed at major construction projects. After a roll call, the amendment failed on an 8-8 tie. The bill itself remained laid over for further work, with the chair noting there was still time to refine the proposal.

Transcript Highlights:

• And then we also further break down activities within the ecological section by resource type.
• I'm the invasive species unit supervisor at the Minnesota Department of Natural Resources.
• And I guess I'd just like to resources.
• <01:37:01.600> Maybe start to do that type of analysis.
• Maybe start to do that type of analysis.

Keywords: 1187, senate, all

Transcript Highlights:

• Uh, so these slides, I've got a few slides as a resource to give some background and references relative
• Uh, so these slides, I've got a few slides as a resource to give some background and references relative
• There are so many confounding variables in statistical analysis it's very difficult to get to that point
• <00:20:19.039> it's<00:20:19.360> very uh in statistical um analysis it's very uh in
• positioned, certainly has more resources positioned, certainly has more resources to<00:51:51.680

Keywords: Discussion of SB 126 (2025 RS) 00:05:13 Discussion of HB 16 (2025 RS) 00:15:40 Kentucky Department of Parks – Overview 01:05:06, 958, all

Summary: The committee met jointly for State Government, State and Local Government, and Elections and Constitutional Amendments, approved the minutes from the September 23 meeting, and then took up discussion of Senate Bill 126, a proposed constitutional amendment to restrict the governor’s pardon power. Senator Chris McDaniel said the measure was prompted by concerns over pardons issued in 2019 and would bar pardons for 60 days before a gubernatorial election through the swearing-in of a new governor, leaving the power otherwise intact. Members who spoke generally supported the proposal as a way to increase accountability, and McDaniel said he intended to place it on the 2026 ballot. No vote was taken on the bill during the discussion. The committee then moved to House Bill 16 on water fluoridation. Representative Hart and Senator Greg Elkins said the bill would remove Kentucky’s fluoridation mandate and give local water districts the choice to add fluoride or not. They emphasized that the revised draft also adds immunity language to protect districts from civil litigation regardless of their decision. Dr. Jack Call, a Louisville dentist, presented against fluoridation, arguing that the main dental benefit is topical rather than from drinking water and citing studies and reports he said linked fluoride exposure to reduced IQ in children and other health concerns. Cindy Batson, a nurse and parent, also supported the bill and said she had testified on the issue for years. During questions, Senator Rollins raised concerns about fluoride being an industrial byproduct and described fluoridation as forced medication. The discussion remained focused on the bill’s local-control and immunity provisions, with sponsors saying they were not trying to relitigate the broader science but wanted to remove the mandate. The transcript ends while questions and testimony on HB 16 were still underway, and no final committee action is shown.

Transcript Highlights:

• Amendment number 15 expands data subject to disparate impact analysis to include referrals to special
• Some risk-benefit analysis. So you're getting those benefits, I certainly don't doubt that.
• So I’ve read through the Slip Plus, I guess, analysis or white paper, whatever it is they sent.
• And as you've seen or heard today, the insurance analysis contributed a lot to that fiscal note.
• So they're not built into the cost-effective analysis. Okay, thank you for that. Thank you.

Keywords: 965, house, all

Summary: The House Insurance Committee met on April 23 with a quorum present and began by announcing that HB 1142 was deferred. The committee then took up HB 1187, which would direct any excess Louisiana Citizens emergency assessment funds, after related debt is satisfied, toward the Louisiana Fortified Homes Program or future Citizens obligations. Commissioner Tim Temple and Rep. Sawyer said the bill would likely redirect about $50 million to the popular fortified roof grant program, which has already awarded thousands of roofs and is oversubscribed. With support from Citizens and others, the committee adopted technical amendments and reported HB 1187 favorably. The committee next considered HB 1210, a proposal by Rep. Dana Henry to create a pre-suit claim review process for Louisiana Citizens disputes modeled on Florida’s system. After explaining that the bill was prompted by constituent concerns about rising homeowners insurance costs, Henry voluntarily deferred the bill and instead moved toward a study resolution. The substitute version, which would have allowed Citizens disputes to be resolved through the Division of Administrative Law, was adopted for discussion, but the bill was ultimately voluntarily deferred after testimony from Citizens and the department supporting further study. HB 1199, by Rep. Jordan, would require coverage for genetic testing and medically necessary treatment for SCN2A-associated disorders. After adopting an amendment clarifying that coverage depends on provider order and medical necessity, the committee heard emotional testimony from a parent describing her daughter’s severe SCN2A condition and the difficulty obtaining genetic testing. The bill was reported favorably. The committee then took up HB 880, the Louisiana Artificial Intelligence Insurance Fairness Act, which would regulate AI use in underwriting, rating, and claims. Jordan said the bill raised state-federal insurance regulatory issues and could jeopardize federal broadband funding, so he voluntarily deferred it; HB 920 was also voluntarily deferred. Finally, the committee considered HB 1221, by Rep. Amadee, which would narrow data collection under the surplus lines premium tax system to protect policyholder privacy. Former Rep. Bowler argued the department should not collect names, addresses, or coverage limits and that the bill would preserve privacy without affecting tax collection. The Department of Insurance said the broader data is needed for premium tax reconciliation, fraud detection, and post-disaster assistance. After debate, a motion to report HB 1221 favorably failed on a 6-6 roll call. The committee then moved on to HB 869 by Rep. Lyons, a health insurance bill covering injectable drugs for glucose or weight-loss treatment, but the transcript ends before further action on that measure.

Transcript Highlights:

• They did a market analysis of what they thought they needed to pay an individual and then figured out
• Mental health resources and the legislative session is the continuation of that.
• Mental and physical health resources, keeping our minds and mental and physical health resources, keeping
• We're wanting resources allocated more toward housing. It affects our retention rates.
• And so we would be in support of allocating more resources.

Keywords: 908, all

Transcript Highlights:

• So with the goal that this will be a resource for you during the interim to kind of get up to speed on
• This resource consolidates all state and federal grants administered by the agency and provides a clear
• I would put those types of experiences and resources in the partner bucket.
• By streamlining resources and leveraging technology, North Dakota ensures transparency and efficiency
• Users will be able to navigate to existing resources or web pages based on their needs.

Keywords: 908, all

Summary: The Budget Section’s Commerce and Legal Services Division met to review the Department of Commerce base budget for the 2027-29 biennium and to receive an update on Commerce programs. Legislative Council staff first walked the committee through the “blue sheet” base budget summary, explaining the major line items, the large share of federal grant authority in Commerce’s budget, and the continuing appropriations that support several Commerce funds. Members asked how grant funding is coordinated across agencies, and staff said collaboration varies by program but is strong in areas like UAS and LIHEAP. Commerce Commissioner Chris Schilken then presented on current activities, focusing heavily on grant administration, transparency, and economic development programs. Members questioned how grant applicants are selected, whether Commerce tracks applications and return on investment, and how long grant awards take to reach recipients. The commissioner said Commerce uses scoring criteria, outside reviewers, a minimum 30-day application window, and typically completes awards within two to three months. A lengthy exchange followed over whether Commerce should open some grants only to intended recipients versus running competitive application processes; Commerce said it follows best-practice grantmaking and that its attorney in the Attorney General’s office approved that approach. Commerce also highlighted the North Dakota Development Fund, citing long-term investment and job creation results, examples such as Red Trail Energy, Packet Digital, Valiance, Corvent Medical, child care loans, and the Automate ND program. Members asked about acceptable failures, lessons learned, regional economic development coordination, and the expansion of the fund into non-primary sectors. Workforce Director Katie Ralston Howell then outlined a statewide workforce ecosystem review, a new governor’s workforce sub-cabinet, and three task forces focused on simplifying entry, warm handoffs, and data integration. She discussed the in-demand occupations list, Workforce Pell, apprenticeships, and efforts to better connect students with employers and higher education. Commerce also briefly reviewed housing programs and a new housing sub-cabinet. No votes were taken; the committee simply received testimony, asked questions, and adjourned after setting up the next meeting to hear the Attorney General budget in June.

Transcript Highlights:

• It's nice to have these resources because we're all trying to fund some of the same activities.
• One thing we identified is that we may have a lot of resources to offer, but sometimes people aren't
• connected to all of those resources in a smooth or helpful way.
• exist and can leverage those resources.
• Be very informed about the resources that are available.

Transcript Highlights:

• Ryan Kakoli, Department of Land and Natural Resources. We stand on our testimony in strong support.
• Department of land and natural resources Department of land and natural resources we<00:25:14.760>
• Morning, David Sakota with Division of Aquatic Resources.
• of aquatic resources um so in<00:26:57.080> our<00:26:57.240> testimony<00:26:58.039><
• But that doesn’t consider, you know, what’s the level that the resources can handle in terms of human

Keywords: 910, house, all

Summary: The Committee on Water and Land met on March 13, 2025, and first announced that SB 1456 would be deferred to the end of the agenda and ultimately worked on later, with the chair indicating the bill would be deferred and revisited in a future measure. The committee then heard SB 841 on marine life conservation districts. DLNR supported the bill, saying it would fund carrying capacity studies to inform rules and policies. Testimony noted a pilot study already underway at the Puka Marine Life Conservation District and another nearing completion at the old Kona Airport MLCD. Members discussed costs, with DLNR estimating about $300,000 per year for one user-experience study, potentially more for ecological analysis, and also discussed possible funding from the Mālama Kai special fund. DLNR said it had no objection to consulting current operators and other users, and explained the program would be a new, ongoing adaptive-management tool. The committee next heard SB 411 on capital improvement projects at small boat harbors. DLNR supported the intent, saying the bill would help expedite use of special funds for CIP work, while the Department of Budget and Finance opposed it, arguing the draft could conflict with constitutional limits on appropriations. Public testimony from an industry representative supported the bill and urged more collaboration with commercial operators, while committee discussion focused on whether DLNR could already use special funds for repairs, how much engineering and bidding work is required before projects go out to bid, and whether the current process creates bottlenecks when bids exceed initial estimates. DLNR said it can do some repairs and maintenance within existing authority and funding ceilings, but that the bill as drafted could be too broad. The committee also heard SB 5 on historic preservation, where DLNR supported the measure and NAOP Hawaii opposed it, saying the bill’s broader definition could expand the scope beyond the stated goal of narrowing reviews and reducing backlog. The committee then took up SB 1462 on the state historic preservation income tax credit. The Department of Taxation said the revenue estimate assumes the cap would be reached each year the credit is available, and DLNR supported the bill. SHPD said the prior credit had sunset, outreach had previously been done in targeted communities such as Chinatown, and owners of eligible historic properties are notified during review. Finally, the committee heard SB 268 on island burial councils. DLNR supported the bill, and OHA strongly supported it, saying the councils have struggled with quorum and expertise and that the measure would restore the original intent of having lineal descendants and cultural practitioners as decision makers, while still allowing landowners and developers to testify and participate. OHA also said it would help provide technical support and urged continued involvement from SHPD and the Attorney General’s office.

Transcript Highlights:

• , and they had the resources available. equipment that, and you had the resources, and they had the resources
• Okay, at 1 p.m., resources were deployed, correct? I have resources. On which day, ma'am?
• But that resources were deployed.
• We can have those resources and do better.
• Does he have testimony or is he a resource? Mr. Buck, do you have testimony? I'm a resource.

Keywords: 1184, house, all

Transcript Highlights:

• to recognize that when it rains and fresh water runs off into the ocean, we're losing a precious resource
• Up next, Department of Land and Natural Resources testifying in support. >> Aloha, Chair Garrett, Vice
• Some of resources in research uh and finding new resources in research uh and finding new tools<00:31
• Um, so we are deferring to them as far as their ability to carry this out, as far as resources and their
• Um, so we are deferring to them as far as their ability to carry this out, as far as resources and their

Keywords: 910, house, all

Summary: The House Committee on Higher Education met on February 4 and began with announcements about committee protocol, including posting hearing notices and testimony earlier than required and using written HD1 drafts for more complex amendments. The chair also noted the new AV system and asked speakers to be clear because the microphones are sensitive. The committee then took up several University of Hawaiʻi-related measures, with most testimony coming from UH officials, state agencies, and advocacy groups, and no votes were taken in the portion provided. HB 1596, relating to student basic needs support at the University of Hawaiʻi, drew support from UH, the Oʻahu Youth Action Board, and an individual. UH said it stood on its written testimony and could answer questions. HB 1597, relating to Alzheimer’s disease and related dementias research, received support from UH/JABSOM, the Alzheimer’s Association, the Hawaii Medical Association, and others; the Attorney General’s Office offered a procedural reminder about statewide concern. HB 1970, funding the University of Hawaiʻi Cancer Center and the Hawaii Tumor Registry, was supported by UH, the American Cancer Society Cancer Action Network, the Hawaii Medical Association, and others, with testimony emphasizing the registry’s role in cancer surveillance, prevention, and federal funding. The committee also heard HB 1598, creating a Hawaii Climate Institute. UH testified in support, citing worsening drought, heat, sea level rise, and extreme weather, and said the institute would hire climate modelers and faculty across several schools. Members questioned funding, and UH said it would seek state startup money, possible green-fee support, and federal grants, noting recent federal cuts and the need for permanent positions. HB 1989, on water retention, was supported by UH as a study to slow runoff and improve aquifer recharge. HB 1951, on biosecurity, drew support from UH, DLNR, the Hawaii Farm Bureau, students, and other organizations; testimony stressed invasive species threats, the need for biocontrol research and containment capacity, and possible sites for a statewide facility. HB 1952, funding agricultural research station improvements on Kauaʻi, was supported by UH, the Farm Bureau, and others, with testimony noting aging facilities and the need to modernize stations across the islands. Finally, HB 2005, relating to language access, received UH support, with a UH representative noting that credit programs may fit best in a credit-bearing academic program and that Outreach College could be an option for noncredit programs.

Transcript Highlights:

• community characteristics, the wildlife and natural environment as well, historical and cultural resources
• It's it's you know, it's really there's some resource constraints of how far we can go.
• identify those transportation needs and they determine project priorities and that is done through data analysis
• But they've been a great resource.

Keywords: 999, senate, all

Transcript Highlights:

• It saves state resources.
• If you've ever saves state resources.
• So, we're saving state resources. state. So, we're saving state resources.
• Our son was failed by local resources. Our son was failed by local resources.
• Mental health resources to them.

Keywords: 1191, senate, all

Transcript Highlights:

• > actuary<00:24:34.200> GRS actuarial analysis, the actuary GRS actuarial analysis, the
• > said<00:24:41.679> there actuarial analysis, they said there actuarial analysis, they
• It appears in the valuation, and this is called a gains-loss analysis.
• Okay. >> Did you get any requests for actuarial analysis? Yes, sir. Okay.
• that there will be an actuarial analysis that there will be an actuarial analysis on<01:34:34.280

Keywords: Meeting Start: 00:00:00 Attendance Roll Call: 00:00:12 Approval of Minutes: 00:01:34 Actuarial Valuation Update – KPPA: 00:02:10 Actuarial Valuation Update – TRS: 00:25:32, 958, all

Summary: The meeting began with roll call, confirmation of a quorum, and approval of the prior minutes. The main presentation was from KPPA officials Ryan Barrow and Erin Saratt on the annual actuarial valuations for the retirement and insurance systems. They said the systems’ funding status improved overall, with three of five insurance funds fully funded, CERS hazardous dropping from over 100% funded to 90.9% because of premium changes, and KRS receiving $650 million in supplemental funding over the biennium. They also reported strong investment returns above assumed rates, higher payroll and membership counts, and resulting actuarial losses tied to higher salaries and premiums, especially on the insurance side. Members asked several questions about what drove the actuarial losses and whether legislation affected them. KPPA said the CERS insurance loss was driven by premium increases and Senate Bill 10, while the pension-side losses were largely due to higher payroll and benefits for Tier 1 and Tier 2 members. They explained that new Tier 3 employees are designed to add no additional unfunded liability, and that the state administers the systems but does not directly control all hiring. Questions also focused on retiree health premiums, which KPPA said rose about 15% for non-Medicare retirees and 38% for Medicare retirees, with the increase attributed to utilization, prescription costs, and the Inflation Reduction Act. The committee then heard from TRS Deputy Executive Secretary and General Counsel Beau Barnes on the 2025 TRS actuarial valuation. He reported that the Retirement Annuity Trust and Health Insurance Trust both received full funding, the retirement trust’s funded ratio improved to 61%, TRS 4 remains well funded with no liability, and the health insurance trust improved to 89.1%. Barnes said TRS is on track to fully fund legacy liabilities within the amortization period, with 2044 as the point when the system reflects 100% funding and 2046 as the last year needing additional dollars for the legacy liability. He also explained that lower assumed investment returns and updated mortality assumptions increased liabilities, but that TRS uses direct rate smoothing for budgeting purposes. At the end of the meeting, the chair circulated a proposed set of “do’s and don’ts of pensions,” emphasizing that future legislation should not create unfunded liabilities. Barnes also noted he would later discuss several legislative proposals for the 2026 session, but the transcript provided ends before that discussion or any votes on those proposals.

Transcript Highlights:

• rule has to do with financial assistance, so bringing in Chris Kouclasher, director of our natural resource
• Chris Calclosure, Director of the Natural Resources Division at the Arkansas Department of Agriculture
• I can answer that for you once I'm able to do a full analysis of what our state plan says.

Summary: The Arkansas Administrative Rules Subcommittee met to review a large slate of agency rules and related reports. The chair announced that several items were stricken from the agenda and that the maternal health providers and remote monitoring rules were pulled by the agency. The committee filed reports on emergency rules, ALC subcommittee rule reviews, and administrative directives, then moved through agency rules from the Department of Agriculture, Department of Commerce/Insurance, Department of Corrections, and multiple divisions of the Department of Human Services. Most rules were explained as technical updates or implementations of 2025 legislation and were approved without objection. Examples included repeal of obsolete equine ID-chip rules, updates to agriculture financing and pesticide rules, removal of duplicative workers’ compensation plan language, a unified visitation rule for correctional facilities, DHS marketing rules for PASS programs, a comprehensive DCFS policy manual revision, Medicaid-related changes for fictive kin, ABLE accounts, presumptive eligibility for pregnant women, SNAP work requirements and alien eligibility, coverage for certain incarcerated youth, nurse aide training updates, and permanent rules for state employee insurance and procurement. The committee also approved requests to exclude the Insurance Department from rulemaking requirements for Act 772 on forced organ harvesting and for restorative reproductive medicine, with the department saying it would issue rules later when more guidance is available. The most extended discussion concerned DHS’s dental Medicaid rate rule under Act 1025. Members and witnesses debated whether the statute’s language covered only oral surgeons or also general dentists performing oral surgery procedures, and whether the rate increase should apply more broadly to the services rather than the provider title. DHS said it was following the black-letter language of the law and could not confirm a broader interpretation without further approvals and funding, while legislators and a Dental Association representative said the intent was to increase payment for the services, especially in rural areas. Members also discussed the possibility of fixing the language in a future session or through a new rule if approvals and CMS review allow. Despite the concerns, the committee approved the rule. The meeting ended with approval of rule review reports and monthly updates, and the committee adjourned.

Transcript Highlights:

• rule has to do with financial assistance, so bringing in Chris Kouclasher, director of our natural resource
• Chris Calclosure, Director of the Natural Resources Division at the Arkansas Department of Agriculture
• I can answer that for you once I'm able to do a full analysis of what our state plan says.

Summary: The Arkansas Administrative Rules Subcommittee met to review a large set of agency rules and reports. Early items were routine filings: emergency-rule reports, subcommittee review reports, and administrative directive reports were filed without objection. One rule from the Department of Agriculture on maternal health providers and remote monitoring was noted as pulled by the agency and not considered. The committee then reviewed and approved several Agriculture rules, including repeal of equine ID-chip rules after Act 703 of 2025, updates to finance rules adding a new water and sewer treatment facilities grant and consolidating revolving-fund rules, and a pesticide rule creating a Class J pesticide category for feral hog toxicant use. It also approved a Commerce/Insurance rule removing duplicative workers’ compensation plan provisions, and a Corrections rule creating a unified visitation rule for correctional facilities and community correction centers. A member asked about prison visitation hours during COVID, and staff said they would check on that. The committee next approved multiple Department of Human Services rules. These included marketing rules for provider-led organizations under Act 301 of 2025, a comprehensive revision of the DCFS policy manual, changes to Medicaid eligibility to include fictive kin placements and to expand ABLE account eligibility under Act 875, presumptive eligibility changes for pregnant women to align with federal rules, and a follow-up SNAP/TEA/Work Pays rule with updated work requirements, mandatory employment and training, alien eligibility changes, and job-search requirements for certain applicants. DHS also presented a rule implementing federal coverage for certain incarcerated youth before and after release, and the committee approved it. Another DHS rule updated nurse aide training requirements to match federal CNA hour standards and moved criminal-records-check procedures to the agency website. The most extended discussion involved DHS Division of Medical Services’ dental rate rule under Act 1025. The agency explained that it was increasing pediatric dental rates and certain oral-surgery-related rates, but not orthodontic rates or a broader special-needs benefit limit because CMS would not approve a diagnosis-based limit. Members debated whether the statutory language was intended to cover general dentists performing oral surgery procedures, with legislators, the Dental Association, and DHS discussing legislative intent, fiscal impact, and whether a future fix or emergency rule might be needed. Despite the disagreement, the committee approved the rule. The committee also approved other DHS medical rules: adverse-decision appeal changes and prior-authorization posting requirements, an increased RSV administration fee for children, expanded emergency treat/triage/transport ambulance authority, and clinic-based physical and occupational therapy coverage. Later, the committee approved permanent rules for the new state insurance program under Shared Administrative Services, procurement rule revisions recommended after an ACASO review, and commodity-management rule updates including a new revenue distribution model. Under Act 595 of 2021, the committee granted two Department of Commerce/Insurance requests to be excluded from rulemaking requirements: one for Act 772 on forced organ harvesting, and one for restorative reproductive medicine, with the department saying it would promulgate rules later when clinical guidelines are available. Finally, the committee accepted a recommendation to keep and extend the Department of Education, Division of Career and Technical Education rules, filed outstanding rulemaking updates, and adjourned without further business.

Transcript Highlights:

• general categories, Treasury, sure, we talked about royalties, which is the big difference for natural resource
• Natural resource. But even in Treasury, we've got a little bit of a delta there.
• Obviously, that’s part of this, but what you’re seeing as your own analysis, I guess, over the next couple

Summary: The Revenue Estimating Conference met with four members present and first approved the prior meeting minutes and recognized the FYI end-of-balance of $577,077,871 as nonrecurring revenue. The main business was revising the state revenue forecast for FY 2026, FY 2027, and the long-range outlook. The Division of Administration recommended a $113 million reduction to the FY 2026 State General Fund forecast and a $104 million reduction for FY 2027, citing weaker-than-expected individual income tax collections, softer corporate income tax receipts, and some weakness in general sales tax, partly offset by stronger motor vehicle sales tax and higher mineral-related revenues tied to oil prices. The Legislative Fiscal Office presented a somewhat different but broadly similar forecast, with modest net increases to the general fund bottom line in the current year and next year, emphasizing caution on income and corporate taxes and more optimism on sales, severance, royalties, and some other revenue streams. A substantial portion of the discussion focused on the causes of the income tax shortfall, especially withholding and refund patterns after tax changes that lowered rates. Department of Revenue officials explained that withholding tables had been set with a cushion that may be producing larger refunds, and said changing the tables could quickly reduce overwithholding, though the effect would take time to show up. Members also discussed corporate collections, the lingering effects of the franchise tax repeal, the role of settlements and audits, and the extent to which collections are voluntary versus enforcement-driven. The Department of Revenue said corporate collections still had key filing and estimated-payment milestones ahead in May and June, and that refund and audit activity related to the former franchise tax would continue for some time. The conference then adopted the Division of Administration’s FY 2026 forecast, the FY 2027 recurring forecast, and the long-range forecast, along with the proposed inflation rates for the Millennium Trust and parish severance allocation. Members also adopted the incentive expenditure forecast, noting that the reported amount is only the REC-reported portion and that larger tax exemption amounts come off the top before appropriations. The Treasurer reported a General Fund cash balance of about $404.1 million as of May 5, 2026, and an interfund borrowing base of about $9.18 billion, saying cash levels were similar on average to the prior year. The meeting ended with a note that another REC meeting might be needed depending on the May 16 election, and the conference adjourned without objection.

Transcript Highlights:

• general categories, Treasury, sure, we talked about royalties, which is the big difference for natural resource
• You're both at— Natural resource. But even in Treasury, we've got a little bit of a delta there.
• Obviously, that's part of this, but what you're seeing as your own analysis, I guess, over the next couple

Keywords: 965, house, all

Summary: The Revenue Estimating Conference met with four members present and first approved the December 11, 2025 minutes. Members then recognized the FYI end-of-balance of $577,077,871 as non-recurring revenue. The main business was revising the state revenue forecast for FY 2026, with the Division of Administration recommending a reduction of about $113 million, driven primarily by weaker individual income tax collections, softer general sales tax receipts, and a substantial cut to corporate income tax forecasts. The Legislative Fiscal Office presented a somewhat different but still cautious outlook, and members discussed withholding rates, refund growth, corporate collections, and the effects of the franchise tax repeal and tax reform changes. After questions to the Department of Revenue about collections, refunds, enforcement, and settlements, the conference adopted the Division of Administration’s FY 2026 forecast. The conference then reviewed the FY 2027 recurring forecast. The Division of Administration again recommended a reduction, this time about $104 million, citing continued caution on individual income and corporate taxes, while the Legislative Fiscal Office projected a net increase of about $127 million, largely from sales tax, severance, royalties, vehicle sales tax, and other revenue streams. Members discussed the practical budget impact of the revised forecasts, including the need to reduce spending and the difficulty of funding a possible teacher stipend if a constitutional amendment fails. The FY 2027 recurring forecast was adopted. Members also adopted the long-range forecast, the proposed inflation rates for the Millennium Trust and parish severance allocation, and the incentive expenditure forecast. The incentive discussion noted that reported incentive costs reduce available revenue before appropriations, and members raised the possibility of reviewing or capping such incentives. The Treasurer’s Office then reported that the General Fund cash balance was $404.1 million as of May 5, 2026, and the interfund borrowing base was about $9.18 billion, with cash positions generally similar to the prior year. The meeting ended with a note that another REC meeting might be needed after the May 16 election, followed by adjournment.

Transcript Highlights:

• respectfully urge the committee to oppose SB 145 in its current form and engage in collaborative analysis
• And on the back end, the state will save money and resources and time and be able to submit financial
• And on the back end, the state will save money and resources and time and be able to submit financial

Bills: SB145, SB143

Keywords: auditing, financial reporting, state auditor, public agencies, capital outlay, compliance, federal audits, agriculture, New Mexico Department of Agriculture, fee update, regulatory fees, egg inspection, egg grading, egg dealer, pesticide control, pesticide registration, pesticide applicator, pest management consultant, plant protection, nursery license

Transcript Highlights:

• Over the years, we've seen dwindling resources, dwindling providers, closures in different capacities
• carefully about how we get those dollars out to be fair as far as we can. ...can with a limited resource
• and if there are any questions. about any impact for Medicaid, which we've done a very thorough analysis