Video & Transcript : 'first grade' :

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PA

Pennsylvania 2025-2026 Regular Session

House Session (Jun 30 2026)

Pennsylvania House Floor Meeting

Transcript Highlights:
  • Emily is going to ninth grade at Susquehanna Township. Welcome to the floor of the House.
  • In 1939, Stotz organized the first three-team league, securing sponsorships, same as we do today, from
  • Little League grew very rapidly, expanding to multiple leagues in 1947 and holding its first national
  • They are disciplinarians, often the first to step in when there's an occasional tussle in the hallway
  • because opioids are often involved in metatomidine cases, this creates an entirely new challenge for first
Keywords: Scheduler, 973, house, all
Summary: The House convened, opened with prayer and the Pledge, and first handled routine business including postponing approval of the prior journal and confirming a quorum. Several committee reports were adopted, including measures from Veterans Affairs and Emergency Preparedness, Tourism and Recreation and Economic Development, Appropriations, Rules, Commerce, and Environmental and Natural Resource Protection. The chamber also adopted House Resolution 531, designating June 2026 as Scoliosis Awareness Month, after testimony from Rep. DeLosier and discussion of a constituent’s experience with severe scoliosis; the resolution passed 201-1. The House then adopted a series of additional resolutions and bills, including Diaper Need Awareness Week, a study on PANS/PANDAS, 717 Day, Little League World Series Week, and a resolution commemorating America 250 in Pennsylvania. It also passed bills on Sunshine Act agenda notice changes, veteran death notifications, Korean War Veterans Armistice Day, township audit deadlines, first responder memorials, road transfers, parole board succession, and restrictions on HOA limits for rooftop solar. The solar bill drew multiple failed amendments on HOA voting rules, native plants, energy-source discrimination, and net metering; one amendment on indemnification for elected officials at special events was adopted. In final passage votes, the House approved legislation to prohibit NDAs related to data centers, with debate centered on transparency and local control; it passed 171-31. The chamber also passed bills allowing Pittsburgh school administrators to collectively bargain, requiring hunting and trapping education options in schools, expanding SWIF’s equity investment authority, and scheduling metatomidine as a Schedule 3 controlled substance. The Counseling Compact bill and a parole-record privilege bill both passed unanimously or near-unanimously, and the House signed those measures for presentation to the Governor. The session ended with referrals of new bills to committees, a motion to adjourn, and adjournment until July 1, 2026.
PA

Pennsylvania 2025-2026 Regular Session

House Session (Jun 30 2026)

Pennsylvania House Floor Meeting

Transcript Highlights:
  • Emily is going to ninth grade at Susquehanna Township. Welcome to the floor of the House.
  • In 1939, Stotz organized the first three-team league, securing sponsorships, same as we do today, from
  • Little League grew very rapidly, expanding to multiple leagues in 1947 and holding its first national
  • They are disciplinarians, often the first to step in when there's an occasional tussle in the hallway
  • This bill is about keeping a dangerous drug out of the illicit drug supply, supporting our first responders
Summary: The House convened, opened with prayer and the Pledge of Allegiance, and recognized several guests, including a student advocate and family members connected to a resolution on scoliosis awareness. The chamber first took up committee reports from Veterans Affairs and Emergency Preparedness, Tourism and Recreation and Economic Development, and later Appropriations, Rules, Commerce, and Environmental and Natural Resource Protection, agreeing to the reported bills and resolutions. House Resolution 531, designating June 2026 as Scoliosis Awareness Month, was adopted 201-1 after remarks describing the condition and the advocacy of a young constituent. The House also adopted resolutions designating Diaper Need Awareness Week, directing a study on PANS/PANDAS, recognizing 717 Day, Little League World Series Week, and commemorating America 250 in Pennsylvania, with broad bipartisan support. The House then considered several bills on final passage. House Bill 2146, updating the Sunshine Act’s 24-hour agenda notice rule after a court ruling, and Senate Bills 130, 511, 971, 972, 1181, and 1235 were agreed to. House Bill 1239, limiting HOA restrictions on rooftop solar, drew multiple amendments; some were withdrawn, and others failed on tied votes, after debate over HOA governance, native plants, and net metering. House Bill 2219, on license plates and transportation provisions, had an amendment agreed to removing indemnification language for elected officials at special events, and then passed as amended. House Bill 2558, banning non-compete agreements for broadcast workers, saw an amendment to preserve limited non-competes fail, and the bill passed. House Bill 2359, prohibiting government NDAs related to data centers, passed 171-31 after extensive debate over transparency and local control. The chamber also passed House Bill 2455, granting Pittsburgh school administrators collective bargaining rights, despite objections that existing appeal protections already exist; it passed 106-96. House Bill 2460, creating hunting and trapping education provisions, passed 180-22 after debate over whether it duplicated existing law and imposed a mandate. House Bill 2499, expanding the State Workers’ Insurance Fund’s equity investment authority, passed 173-29. House Bill 2529, scheduling metatomidine as a Schedule III controlled substance, passed 198-4 amid testimony about overdose risks and concerns about criminalization. Senate Bill 604, joining the Counseling Compact, passed 188-14, and Senate Bill 1259, clarifying parole record privilege and expanding notice to denied parole applicants, passed unanimously 202-0. The House then made referrals and committee assignments, signed the two Senate bills for presentation to the Governor, and adjourned until July 1, 2026.
VT

Vermont 2025-2026 Regular Session

House Session - 2026-04-14 - 10:00AM

Vermont House Floor Meeting

Transcript Highlights:
  • I first met Grace when she was the executive director of the synagogue of Ohavi Zedek in Burlington.
  • I<00:05:21.400><c> first</c><00:05:21.800><c> met</c><00:05:22.040><c> Grace</c><00:05:22.920><c> when
  • </c><00:05:23.080><c> she</c><00:05:23.280><c> was</c><00:05:23.480><c> the</c> I first met Grace when
  • she was the I first met Grace when she was the executive<00:05:24.240><c> director</c><00:05:24.840>
  • This was the first time patient rights in medicine were clearly codified in one place.
Keywords: 926, house, all
KY
Transcript Highlights:
  • </c> executive director of Kentucky First executive director of Kentucky First Robotics.
  • First, the NextGen Good Biz initiative.
  • The first one, what those mean.
  • </c><00:25:41.360><c> bottom</c><00:25:41.760><c> 5%</c> The first one being the bottom 5% The first
  • </c><01:03:03.359><c> 60</c> transferred at least in the first 60 transferred at least in the first 60
Summary: The committee opened with a roll call, confirmed a quorum, approved the minutes by voice vote, and recognized a guest of Senator Hickden, retired judge Dan Kelly. The chair then moved through a tight agenda and limited public presentations and questions. The first presentation was on robotics education in Kentucky, led by Representative Chris Lewis, Kentucky FIRST Robotics executive director Kelly Gowen, and students from Whitfield Academy. They argued that robotics should be expanded in high schools as a workforce pipeline for engineering, manufacturing, and advanced technology jobs. The presentation emphasized hands-on learning, industry certifications, teacher development, and a proposed framework to fund robotics education programs statewide. Committee members were not allowed to ask questions because of time constraints. The second presentation was from Canopy Kentucky, led by Adam Watson and founder Scott Collins. They described Canopy’s business and entrepreneurship education programs for fifth graders and high school students, including the NextGen Good Biz initiative and an eight-classroom high school unit. Canopy requested a one-time $750,000 appropriation for fiscal year 2026, matched by private funds, to expand into more schools and rural areas, train educators, and report outcomes. Members asked a brief question about how the programs fit into school schedules and the difference between the elementary and high school offerings. The final presentation, from KDE’s Kelly Foster and Todd Allen, reviewed the state’s school improvement classifications. Foster explained CSI, TSI, and ATSI status, the federal and state legal framework, and how House Bill 298 returned CSI identification to an annual cycle. She reported that Kentucky identified 50 CSI schools on the most recent release, with 53 CSI schools statewide, along with 39 TSI schools and 102 ATSI schools. She also outlined KDE’s support process, including education recovery staff, diagnostic reviews, turnaround plans, and required professional learning for CSI schools.
MN
Transcript Highlights:
  • ><c> and</c><00:22:33.200><c> chronic</c> So first, preventive care and chronic So first, preventive
  • </c> tight timeline at least in the first tight timeline at least in the first progress<00:35:11.040>
  • First, when hospitals communities.
  • </c> Rasmmanson, I'll go to you first. Rasmmanson, I'll go to you first.
  • </c> I got the good grades. I went to school. I got the good grades. I went to school.
Keywords: 918, senate, all
Summary: The Select Subcommittee first took up adoption of three previously prepared nonpartisan committee summary reports dated October 15, November 13, and November 21. Senator Rasmusson objected to the lack of advance notice about the day’s testifiers and criticized the practice of having nonpartisan staff summarize what he described as a partisan agenda. The chair responded that the committee’s purpose is to gather information, not hear bills, and that the summaries were intended as neutral resources for the Senate. Senator Coopek moved adoption, the motion was opposed by Rasmusson and another member, and the motion passed. The committee then turned to the day’s hearing on federal impacts on Minnesota, with the chair focusing on federal funding threats and the effect of congressional budget actions on health care, especially in greater Minnesota. The first presentation came from the Minnesota Department of Health on the state’s rural health transformation work. Assistant Commissioner Carol Broom introduced the team and described the rural hospital transformation program as a major opportunity to invest in rural health, while acknowledging longstanding challenges such as demographics, transportation barriers, and the financing of care. Nitha Moibi outlined the state’s rural health chart book and data showing an aging population, workforce shortages, and many health professional shortage areas, and described proposed strategies including workforce pipelines, bridge payments for low-volume birth hospitals, telehealth access points, mental health urgent care, and chronic disease prevention. Acting Assistant Commissioner Anna Ashby of the Minnesota Management and Budget office explained the state’s application to CMS for the Rural Health Transformation Program, which was created in federal law and awarded Minnesota just over $193 million for federal fiscal year 2026. She said the application was shaped by public comments, stakeholder meetings, and legislative outreach, and included initiatives on preventive care, workforce, care access, behavioral health, and provider financial stability. She also reviewed implementation constraints, including a January 30 revised budget deadline, limits on administrative spending, restrictions on using funds to offset Medicaid losses, and the need to show measurable progress to remain eligible for future funding. The presentation noted that most year-one funding would go to rural hospitals, with additional support for federally qualified health centers, community mental health centers, tribal partners, and technical assistance.
AL

Alabama 2026 Regular Session

Alabama House Apr 9th, 2026

Alabama House Floor Meeting

Transcript Highlights:
  • ><c> the</c><00:15:27.279><c> first</c> several firsts, becoming the first several firsts, becoming the
  • </c> fourth and fifth grade from Coin. fourth and fifth grade from Coin.
  • </c> eighth grade. She's an eighth grader. eighth grade. She's an eighth grader.
  • </c> original bill first. original bill first. &gt;&gt; Right.<02:46:12.880><c> Right.
  • But the first one's there first. And there's a reason why it's there first.
Keywords: 1136, house, all
MO

Missouri 2026 Regular Session

Budget Mar 11th, 2026 at 09:15 am

Budget

Transcript Highlights:
  • Like, that's the first dollar they spend.
  • Sorry, it's my first time doing this.
  • It was a three-year award, and they had just finished their first year. First year.
  • Yes, so first, the decreasing amendment, we're going to do that first, a decreasing first of the $500,000
  • Again, this is my first time on budget.
Keywords: 959, house, all
US

US Federal 2025-2026 Regular Session

US House Floor Proceedings (Wednesday, March 4, 2026)

US Federal House Floor Meeting

Transcript Highlights:
  • During his first term, President Donald J.
  • During his first United States military.
  • </c> of the Gabriella Miller Kids First of the Gabriella Miller Kids First Pediatric<02:46:03.200><c>
  • </c><05:09:03.840><c> time</c> for for the first time for for the first time avenging avenging avenging
  • </c><06:02:08.400><c> woman,</c> Congress, the first woman, Congress, the first woman, the<06:02:10.480
MN

Minnesota 2025-2026 Regular Session

Committee on Agriculture, Veterans, Broadband and Rural Development - 03/02/26

Agriculture, Veterans, Broadband, and Rural Development

Transcript Highlights:
  • First, I want to thank state programs.
  • </c> this on the first day. this on the first day.
  • </c><00:21:32.159><c> want</c> bit to trade and tariffs, I first want bit to trade and tariffs, I first
  • The health and First, animal health.
  • Uh first of all, Minnesota's here.
Keywords: 1187, senate, all
MN

Minnesota 2025-2026 Regular Session

House Commerce Finance and Policy Committee 3/12/25

Commerce Finance and Policy

Transcript Highlights:
  • </c> can take the author's Amendment first can take the author's Amendment first which<00:02:55.760><
  • I think we'll have you go first.
  • I think we'll have you go first.
  • So that's first.
  • So that's first.
Bills: HF1865, HF2014, HF2028
MN

Minnesota 2025-2026 Regular Session

Committee on Jobs and Economic Development - 01/29/25

Jobs and Economic Development

Transcript Highlights:
  • First up today, members, we have the state demographer, Miss Brower.
  • </c><00:09:08.200><c> from</c> 60 to 70,000 in each each grade from 60 to 70,000 in each each grade from
  • Senator Pha, um, I want to first say thank you so much.
  • <01:03:59.559><c> half</c><01:04:00.000><c> of</c> first half of first half of 2025<01:04:02.079><c>
  • </c><01:10:42.560><c> beginning</c> Assistance programs uh First beginning Assistance programs uh First
Keywords: 1187, senate, all
KY
Transcript Highlights:
  • First um we'll talk about NRF.
  • First um we'll talk about NRF.
  • First um we'll talk about NRF.
  • First um we'll talk to talk about today. First um we'll talk about<00:02:53.519><c> NRF.
  • I'm going to use Louisiana first.
Keywords: 958, all
Summary: The Intelligence Task Force met with a quorum present and approved the minutes from the August 14 meeting. The first presentation was from the National Retail Federation on artificial intelligence in the retail sector. NRF described AI use cases in three areas: consumer-facing tools such as chatbots, product descriptions, and marketing; employee-facing tools such as company-specific apps trained on employee manuals; and internal uses such as supply chain forecasting, inventory planning, fraud detection, cybersecurity, and coding support. The presenters said retail has been among the top deployers of AI and emphasized that the goal is to improve both customer and employee experience. NRF also outlined its principles for responsible AI use, organized around governance and risk management, customer engagement and trust, workforce applications, and business partner accountability. The group said retailers should maintain strong internal oversight, be transparent with customers, ensure compliance with existing laws, closely review workforce-related uses because they can be high-risk, and clearly define responsibilities between retailers and third-party developers. In policy discussion, NRF urged a tiered approach focused first on high-risk uses such as hiring, health care, financial, mortgage, and rental decisions, warned against fragmented rules that could favor only the largest firms, and encouraged voluntary standards and worker upskilling incentives. In response to a question about dynamic pricing, NRF said its members do not target consumers based on pricing and offered to follow up with more information. The committee then moved to a follow-up discussion on energy policy and data centers, hearing from Bartley Cleland of NetChoice. He explained that AI runs largely in data centers and that cloud computing shifts processing and storage away from individual devices, which he argued improves efficiency and can reduce costs. He said electricity demand has been rising over time and that AI will increase compute-related electricity use, but framed electricity as a normal input to economic growth. No votes or formal actions were taken after these presentations.
KY
Transcript Highlights:
  • Uh, Farm Bureau is first on our list.
  • Uh Farm Bureau is first on our none. Uh Farm Bureau is first on our list.<00:02:18.480><c> Mr.
  • </c> first of the year. first of the year.
  • On your first one, I want us to all stop saying that on the first one about local costing more.
  • 25:20.880><c> a</c><01:25:21.120><c> first</c> doing local first procurement, a first doing local first
Summary: The committee heard first from Kentucky Farm Bureau leaders, who outlined the organization’s current priorities and recent work on farmland transition. Eddie Melton said Farm Bureau is working through 983 county and advisory committee resolutions and highlighted support for the updated selling farmer tax credit, now law through House Bill 775, as well as Senate Bill 28’s agriculture economic development provisions. He said Farm Bureau’s likely priorities include maintaining the 50% share of the tobacco settlement fund for agriculture, protecting funding for the Kentucky Department of Agriculture, preserving sales tax exemptions on farm inputs, keeping property taxes controlled, and exploring additional tools to keep farmland in active farmers’ hands, including possible loan or inheritance-tax changes. He also raised concerns about eminent domain transparency, nuisance deer permits, and access to agricultural inputs and crop protection products. Alita Bots described the farmland transition initiative in more detail, saying the revised state tax credit is generating strong interest and that a new federal tax provision now allows eligible land sales to actively engaged farmers to spread capital gains taxes over time. She said the initiative has reached 22 counties and more than 1,300 people this year through outreach and meetings, and that Farm Bureau is pairing policy work with resources to help farm families plan transitions and prepare wills and other estate documents. Drew Graham added that the effort is also meant to bridge the rural-urban divide and support rural communities, and Farm Bureau invited members to its annual meeting in early December. Members asked about rising insurance costs and deer damage. Farm Bureau representatives said severe convective storms, inflation, and higher repair and material costs have driven insurance rate increases, citing five major storm events since 2021 and a recent Owensboro hailstorm that caused about $350 million in losses; they said the company is moving toward percentage deductibles to help moderate increases. On deer, they said crop-loss totals are hard to quantify but acknowledged the problem and discussed possible coordination with the Department of Fish and Wildlife and Hunters for the Hungry. Commissioner Jonathan Shell then began the Department of Agriculture presentation, reporting gains from the department’s school agriculture outreach program, including a 23% increase in county participation between March and September and improved teacher-reported student learning, before continuing into the department’s legislative priorities.
HI

Hawaii 2026 Regular Session

EEP Info Briefing - Thu Apr 16, 2026 @ 9:00 AM HST

Hawaii House Floor Meeting

Transcript Highlights:
  • So first, about Switch.
  • Um so first weeks kind of night and day.
  • </c> it was next generation when it was first it was next generation when it was first written<00:39:
  • The first electric light bulb went on in San Francisco.
  • So these big electric steep uh grades.
NH

New Hampshire 2025 Regular Session

Senate Commerce (04/29/2025)

Commerce

Transcript Highlights:
  • </c> read the opening paragraph on the first read the opening paragraph on the first page,<00:33:06.080
  • </c> first is a charitable trust. first is a charitable trust.
  • . first. first. transparency<00:38:26.400><c> and</c><00:38:27.079><c> oversight.
  • So the first part of that area.
  • In first to just cool the computers.
Keywords: 1191, senate, all
LA

Louisiana 2026 Regular Session

Senate May 28th, 2026

Louisiana Senate Floor Meeting

Transcript Highlights:
  • First one is Senate Concurrent Resolution No. 29 by Senator Kleinpeter.
  • For the first time, TOPS Tech will allow part-time students For the first time, TOPS Tech will allow
  • First bill is Senator Presley calls House Bill 1220 by Representative Lecombe.
  • If we want to take up the amendment first?
  • We want to delete that so we can pay off the worst debt first. So, I see no questions.
Summary: The Senate convened with 26 members present, heard a prayer from Dr. Steve Horn, and recited the pledge. The chamber then handled messages from the House, including concurrence in SCR 83 and appointment of conference committee members on several disagreements. A number of Senate resolutions were introduced or adopted, mostly creating study task forces or commending individuals and organizations, including resolutions on energy infrastructure, breast pump access, insurance coverage for auto repairs, biomarker testing, higher education funding, public-private partnership contracting, and various commendations. Several resolutions were adopted without objection, while others were returned to the calendar or concurred in by recorded vote, including SCR 29 and SCR 33 with House amendments. The Senate also considered House and Senate bills and resolutions returned from the House, with many measures adopted or concurred in. Notable actions included concurrence in HCR 117 on homeowner insurance claims processes, adoption of HCR 5 on special red drum harvest permits, and passage of bills on TOPS Tech eligibility (HB 325), vapor product permitting (HB 623), ABLE/Tuition Trust administration (HB 749), design services contracting (HB 755), rare cancer advisory board composition (HB 761), non-emergency medical transportation reimbursement (HB 1028), public meeting notices (HB 1049), healthy food retail financing (HB 1194), genetic testing coverage for SCN2A disorders (HB 1199), grocery initiative grants (HB 1222, which failed), and a constitutional amendment on retirement debt repayment order (HB 27). The chamber also adopted HCR 95, creating a joint rule requiring a fiscal review of certain tax measures for sales and use tax uniformity. Several measures drew extended debate. HB 181, which would allow the legislative auditor access to Medicaid and SNAP-related tax information for eligibility verification and fraud review, prompted concerns about privacy and scope but ultimately passed 26-8. HB 1220 on the State Board of Medical Examiners generated amendment discussion about board composition and transparency, including live video broadcasting of meetings, but was returned to the calendar before final action. HB 1018, creating a temporary local moratorium on certain alcohol permits in one Shreveport district, passed after discussion about broader policy solutions. The Senate then recessed for lunch at 2 p.m. after completing the subject-to-call list for the morning session.
LA

Louisiana 2026 Regular Session

Senate May 28th, 2026

Louisiana Senate Floor Meeting

Transcript Highlights:
  • For the first time, TOPS Tech will allow part-time students For the first time, TOPS Tech will allow
  • First bill is Senator Presley calls House Bill 1220 by Representative Lecombe.
  • If we want to take up the amendment first?
  • First set of amendments are by Senator Presley. They are set number 3687. Okay, you do.
  • We want to delete that so we can pay off the worst debt first. So, I see no questions.
WA

Washington 2025-2026 Regular Session

House Floor Session Feb 13th, 2026

Washington House Floor Meeting

Transcript Highlights:
  • This amendment puts parents first in that conversation where they should be.
  • This amendment puts parents first in that conversation where they should be.
  • Speaker, that one of the first amendments that we took... And you will recall, Mr.
  • I don't mean like I didn't get good grades.
  • Let them decide whether these tools are a first resort or a last resort or used at all. Mr.
Summary: The House convened with a quorum, recited the Pledge of Allegiance, heard a prayer, and received a Senate message that the Senate had passed second substitute Senate Bill 5061. The chamber then moved through second- and third-reading action on several bills, with debate centered on salmon treaty history, cannabis cooperative rules, inmate commissary and legal financial obligations, collective bargaining protections, and school restraint/isolation policy. Members also took up a bill to adjust Paid Family and Medical Leave funding to address a projected $30 million tax liability, and later reconsidered one education bill after initial passage. House Bill 2554, dealing with repeal of RCW 77.110 and salmon-related history and tribal treaty issues, saw a proposed striking amendment from Representative Walsh that was rejected on a voice vote. The bill then passed 64-28. Engrossed House Bill 1941, authorizing cannabis producer cooperatives, adopted an amendment limiting any one entity to 30% market share in a co-op; a second amendment adding guardrails was rejected. The bill passed 66-27. Substitute House Bill 2539, raising the indigency commissary threshold from $25 to $100 for incarcerated people, passed 57-36 after debate over inmate needs versus victim and child-support concerns. Engrossed Substitute House Bill 2471, a trigger bill creating state collective bargaining protections if the federal NLRB is weakened, adopted an amendment clarifying agricultural coverage and then passed 58-35. The most extensive debate was on Engrossed Substitute House Bill 1795, which would phase out isolation and restrict certain restraint practices in schools. Members adopted amendments adding professional development intent language, expanding reporting to authorized entities and out-of-state placements, and clarifying positive behavior intervention planning; several other amendments on parental consent, property damage, and isolation-room definitions were rejected. Supporters emphasized student safety, trauma reduction, and de-escalation, while opponents argued the bill removed useful tools from educators and was premature without broader training. The bill initially passed 58-36, then the House reconsidered it and passed it again 57-37. Second Substitute House Bill 2345, which reallocated Paid Family and Medical Leave premium shares to avoid a $30 million tax cost, passed unanimously 94-0. The House then recessed for caucus after placing additional bills on the second-reading calendar.
TX

Texas 89th Regular

Senate Session Feb 7th, 2025

Texas Senate Floor Meeting

Transcript Highlights:
  • Following bills and resolutions on first...
Bills: SJR1, SJR2, SJR5, SJR33, SJR34, SJR35, SJR37, SJR38, SJR39, SCR12, SB4, SB40, SB701, SB702, SB703, SB704, SB705, SB706, SB707, SB708, SB709, SB710, SB711, SB712, SB713, SB714, SB715, SB716, SB717, SB718, SB719, SB720, SB721, SB722, SB723, SB724, SB725, SB726, SB727, SB728, SB729, SB730, SB731, SB732, SB733, SB734, SB735, SB736, SB737, SB738, SB739, SB740, SB741, SB742, SB743, SB744, SB745, SB746, SB747, SB748, SB749, SB750, SB751, SB752, SB753, SB754, SB755, SB756, SB757, SB758, SB759, SB760, SB761, SB762, SB763, SB764, SB765, SB766, SB767, SB768, SB769, SB770, SB771, SB772, SB773, SB774, SB775, SB776, SB777, SB778, SB779, SB780, SB781, SB782, SB783, SB784, SB785, SB786, SB787, SB788, SB789, SB790, SB791, SB792, SB793, SB794, SB795, SB796, SB797, SB798, SB799, SB800, SB801, SB802, SB803, SB804, SB805, SB806, SB807, SB808, SB809, SB810, SB811, SB812, SB813, SB814, SB815, SB816, SB817, SB818, SB819, SB820, SB821, SB822, SB823, SB824, SB825, SJR1, SJR2, SJR5, SJR33, SJR34, SJR35, SJR37, SJR38, SJR39, SCR12, SB4, SB40, SB701, SB702, SB703, SB704, SB705, SB706, SB707, SB708, SB709, SB710, SB711, SB712, SB713, SB714, SB715, SB716, SB717, SB718, SB719, SB720, SB721, SB722, SB723, SB724, SB725, SB726, SB727, SB728, SB729, SB730, SB731, SB732, SB733, SB734, SB735, SB736, SB737, SB738, SB739, SB740, SB741, SB742, SB743, SB744, SB745, SB746, SB747, SB748, SB749, SB750, SB751, SB752, SB753, SB754, SB755, SB756, SB757, SB758, SB759, SB760, SB761, SB762, SB763, SB764, SB765, SB766, SB767, SB768, SB769, SB770, SB771, SB772, SB773, SB774, SB775, SB776, SB777, SB778, SB779, SB780, SB781, SB782, SB783, SB784, SB785, SB786, SB787, SB788, SB789, SB790, SB791, SB792, SB793, SB794, SB795, SB796, SB797, SB798, SB799, SB800, SB801, SB802, SB803, SB804, SB805, SB806, SB807, SB808, SB809, SB810, SB811, SB812, SB813, SB814, SB815, SB816, SB817, SB818, SB819, SB820, SB821, SB822, SB823, SB824, SB825
KY
Transcript Highlights:
  • ><c> today</c><00:02:51.920><c> is</c><00:02:52.239><c> Bo</c> first order of business today is Bo first
  • First, Bo, let me interrupt you.
  • First, with regards to the cash things.
  • </c><00:15:14.399><c> that</c><00:15:14.639><c> audit</c> first funding valuation since that audit first
  • Uh first, uh of course, we just heard Uh first, uh of course, we just heard the<00:38:29.520><c> report
Keywords: 958, all
Summary: The meeting opened with a quorum call, the Pledge of Allegiance, a prayer, and approval of the prior meeting minutes. The first presentation was from Bo Craycraft of the Judicial Form Retirement System, who gave an update on investment performance, asset allocation, cash flow, and projected employer costs. He reported strong fiscal year 2025 investment results, with both the legislative and judicial retirement plans outperforming their actuarial assumed rates of return and benchmarks, driven largely by U.S. equity performance. He also noted the plans remained near their target asset allocation and continued to experience negative cash flow, though he said that was manageable in context of strong asset growth. Craycraft then discussed a recent experience study and actuarial assumption changes, especially a revised salary growth assumption and a higher cash balance interest credit rate. He said these changes increased projected employer costs, with contributions rising from about $700,000 to a projected $2 million in later years, though he expected the eventual 2025 valuation and investment gains to reduce that estimate. Members asked about mortality assumptions, the impact of the experience study on liabilities, and the sharp increase in the judicial plan’s projected employer cost. Craycraft explained that the increase was driven mainly by the updated assumptions and that no other major plan changes were involved. At the chair’s request, Craycraft also addressed the recent rise in Medicare Advantage premiums for the plan’s health coverage, saying the 2025 increase was largely tied to Part D changes and the Inflation Reduction Act and had been about 45%, but that future growth was expected to be under 5%. After his presentation, the committee moved to the Kentucky Public Pensions Authority update, where the next speaker began by saying the funds had exceeded actuarial assumed returns for the fiscal year.