Transcript Highlights:

• companies have from the current rate of 0.138 to a new rate of 0.5.
• And like I said, we'll lower the rate in the underlying bill from a 0.5 rate to a 0.35% rate.
• We reduced the rates that were raised by this body last year, but we lock in an exclusion rate in the
• Our estate tax rate, absent this bill, is 35%.
• I do think it's an unfair tax overall, but certainly a 20% tax rate is much better than a 35% tax rate

Bills: HB2720 , HB2073 , SB5816 , SB5919 , SB5831 , SB6244 , SB6044 , SB5109 , SB5877 , SB6258

Summary: The House first took up Substitute Senate Bill 6225, a transportation bond measure. Supporters said it was needed to fund preservation and maintenance of Washington’s transportation system, including road upkeep and emergency repairs, while opponents argued the state had already addressed current needs through a recent unanimous budget and existing bond authority. The bill passed final passage 59-38, meeting the required three-fifths vote. The House then considered Gross Substitute Senate Bill 6260, an education budget-related bill with many floor amendments focused on transition to kindergarten, alternative learning experience (ALE) funding, local effort assistance (LEA), educational service district reserves, superintendent pay, MSOC funding, and collective bargaining limits. Most proposed amendments were rejected, though Amendment 2654 on TK priorities was adopted. After the committee amendment as amended was adopted, the bill advanced to third reading and then passed 50-47. Supporters described it as a necessary budget reduction and risk-management measure; opponents argued it cut K-12 funding too deeply, especially in rural and property-poor districts, and would worsen inequities and invite litigation. The House also concurred in Senate amendments and passed several other bills. House Bill 1796, about school construction financing and capital levy use, passed 95-2. Second Substitute House Bill 2105, dealing with immigrant worker protections, passed 58-38. Engrossed House Bill 2211, on food sourcing for a health-related program, passed unanimously. Engrossed Substitute House Bill 2225, regulating companion chatbots and child safety, passed 74-21. Engrossed Substitute House Bill 2247, related to animal care, passed unanimously. Engrossed Second Substitute House Bill 2418, streamlining permitting timelines to support housing affordability, also passed unanimously. The House then moved on to additional Senate-concurred bills, beginning with Second Substitute House Bill 1906.

Transcript Highlights:

• , the proposed tax rate ceiling.
• change in the tax rate ceiling.
• We have our tax rate hearing at our last ...September right before our tax rate hearing.
• So that rate would be our rate most likely with the 2027.
• So that rate would be our rate most likely with the 2027.

Committee: House Special Committee on Property Tax Reform

Summary: The committee met in executive session and first took up House Bill 2709, including a substitute that combined language from HB 2709 and HB 2671. Members debated an amendment that would have separated the Hancock-by-subclass portion from a personal property tax provision; supporters said it would make the bill cleaner and preserve a separate property tax issue already addressed elsewhere, while opponents argued it would create inconsistency. The amendment failed, the substitute was adopted, and the House Committee Substitute for HB 2709 and HB 2671 was voted do pass by a roll call of 14 yes and 5 no. The committee then passed HB 1759 do pass by a vote of 12 yes and 7 no, with one member noting that additional tweaks were expected on the floor. Next, the committee considered HB 2925, where Representative Fowler offered Amendment 04H to remove the requirement that property tax elections be held in November and replace it with an affirmative-consent standard requiring both a majority of votes cast and at least 25% of registered voters voting yes. Supporters said the change would avoid forcing local tax elections into a narrow election window and would require broader voter buy-in for long-term tax obligations; opponents argued it would be a major change that should receive more public review and could distort local election participation. The amendment failed 5 yes to 14 no, and HB 2925 was then voted do pass 11 yes to 8 no. In public testimony, Representative Van Schoiack presented HB 2415, which would require assessors to use a cost approach rather than a market approach for valuing buildings, while still valuing land through the market approach. He said the bill was intended to address over-assessment in larger counties and under-assessment in rural counties, and to make valuations more objective. Testimony was mixed: a public advocate supported the idea as a way to address rising taxes and tax sales, while county assessors and other witnesses said assessors already use multiple approaches, that cost approach works best for new or rural properties but can be subjective for older buildings, and that forcing one method statewide could create inaccuracies and large valuation swings. No action was taken on HB 2415 during the hearing. The committee also heard HJR 148 and HJR 111, presented by Representatives Coleman and Taylor, to bring Kansas City Public Schools under Hancock limits like other districts. Sponsors said KCPS is the only district still operating under a special court-imposed arrangement from desegregation-era orders and that the proposal would keep the district at its current levy while requiring voter approval for future increases. KCPS Superintendent Jennifer Collier opposed the measure as written, saying the district does want to come under Hancock but needs to do so on its own timeline and with a planned April 2027 levy proposal that would maintain the current rate; she said the district is now fiscally stronger and has community support, including passage of an 85% bond issue. Committee members questioned the legal basis, the effect on KCPS and charter schools, and whether the proposal would interfere with the district’s planned ballot strategy.

Transcript Highlights:

• The tax rate is 0.1%.
• Next, the premium rate...
• There is a 1.2% statutory rate cap and also a requirement that the rate be adjusted downward if the account
• The bill also requires the actuarial rate to close the rate collection year with a four-month reserve
• As under both the current statutory formula and the bill's actuarial rate, ESD projects the rate to hit

Summary: The committee held a public hearing on a series of housing, education, workforce, and court-related bills. On Substitute Senate Bill 5884, staff described changes to a sales and use tax deferral for redeveloping vacant or underused land into affordable housing, including broader eligible property definitions and lower affordability thresholds in designated areas. Testimony was mixed: builders opposed language they feared could encourage project labor agreements, while Spokane and Kent representatives supported the bill but asked for flexibility on affordability mix requirements. On Senate Bill 6256, which expands a property tax exemption for nonprofit low-income rental housing to include certain co-located community uses during construction and extends the pre-construction exemption period, testimony was strongly supportive from housing nonprofits and local housing partners, with questions focused on clawback provisions. The committee also heard Substitute Senate Bill 6027, which expands allowable uses of local housing and supportive housing sales tax revenue, adjusts a REET exemption timeline, broadens emergency housing definitions, and changes use of the Affordable Housing for All account. County, housing, and nonprofit witnesses said the bill would help preserve housing and services amid federal funding uncertainty, though Snohomish County asked for an amendment to allow rental assistance. Substitute Senate Bill 6018 would revise the Housing Finance Commission’s authority, including direct lending and bond counsel terms; commission staff said it would modernize outdated restrictions and improve financing flexibility. Substitute Senate Bill 6028 would create a revolving loan fund for mixed-income homeownership projects; supporters said it would help smaller infill projects pencil, while staff noted the loans would be subordinate and carry some risk. Later, the committee heard Senate Bill 6275 on the community reinvestment program, which would require periodic plan updates, reporting, and a WSIPP study, while also expressing legislative intent to continue at least $100 million annually in the account. Advocates, workforce groups, legal aid providers, and small business owners testified that the program supports communities harmed by past disinvestment and should be made permanent and more accountable. Substitute Senate Bill 5961 would move the Imagination Library program from DCYF to OSPI; early literacy advocates and local partners supported the transfer as better aligned with school readiness. Substitute Senate Bill 5969 would integrate IEP transition plans with high school and beyond plans, and a prior critic said amendments addressed her concerns. Second Substitute Senate Bill 5292 would shift PFML premium rate-setting to the annual actuarial report and raise the reserve target; labor and industry witnesses supported the change, while a policy group opposed the program’s costs. The committee also heard Senate Bill 5868 to add one superior court judge each in Skagit and Yakima counties. Judges and county officials testified that caseloads, population growth, and backlogs justify the additions, and county leaders said they had already budgeted for their share. Finally, Substitute Senate Bill 5827 would allow service members to use pre-discharge certification to claim veterans’ civil service preference; the sponsor said it would solve a timing problem for transitioning service members. No votes or final committee actions were taken in the transcript, as the meeting consisted of bill briefings and public testimony.

Transcript Highlights:

• And the federal funds rate is also falling.
• it is the basis of all other interest rates in the economy.
• So when Interest rates drop to 2.5.
• So that's Why interest rates are at eight or higher, and you're not seeing a lower interest rate unless
• And Ashley, thank you for helping us with our bond rating.

Committees: Senate Senate Finance , Senate House Appropriations & Finance

Transcript Highlights:

• When property taxes are figured out, right, when they figure out your mill levy rate, let me back up.
• When you think about property taxes, you often hear my mill levy rate or my value went up and people
• Even if the budget goes up, the mill levy rate will go down.
• You use the current year's mill levy rate.
• And so what this bill does is it says you can go back to the previous year's mill levy rate.

Committee: House Revenue and Taxation

Transcript Highlights:

• So we have a cycle of general rate cases. We review... So we have a cycle of general rate cases.
• case amounts go into rates.
• but also rate... ...of these memorandum accounts that have resulted in rate increases but also rate decreases
• to keep rates down.
• of return, authorized rate of return.

Summary: The hearing was an informational budget session on energy agency proposals, with no votes taken. Early discussion focused on Proposition 4 climate bond implementation, including funding for demand-side grid support, offshore wind development, and transmission financing. The Department of Finance said the budget includes allocations for demand-side grid support and offshore wind, but not yet for the $325 million transmission financing piece pending a required study. The Legislative Analyst’s Office urged the Legislature to consider whether to wait on offshore wind funding, whether to keep shifting funds into demand-side grid support, and how to direct future transmission financing. Members also raised concerns about local technical assistance for offshore wind, Salton Sea priorities, and the need for more information before final decisions. The California Energy Commission and CPUC then reviewed the broader energy package. The CEC highlighted the demand-side grid support program’s growth, distributed energy backup assets, long-duration storage, hydrogen grants, and the SIRP clean energy reliability program. CPUC testimony emphasized affordability, wildfire mitigation costs, rooftop solar cost shifts, and efforts to reduce rates while maintaining reliability and clean energy goals. Members questioned CPUC staffing, delays in proceedings, coordination with the CEC and CAISO, and the impact of rate increases on customers. The agencies also discussed the AB 3264 transmission financing study, with CPUC saying work on the study had already begun and was on track for the July 1 deadline. Several trailer bill and implementation items were also discussed. The committee reviewed a proposal to extend the Deaf and Disabled Telecommunications Program surcharge, with members split over whether it should be handled in budget trailer bill language or policy legislation; the administration said the surcharge supports a critical program serving about three-quarters of a million Californians. The committee also heard a CPUC data-sharing proposal to allow nondisclosure agreements for transmission and reliability data, which members generally supported as a technical fix. DWR explained a proposal to clarify language for the Electricity Supply Strategic Reliability Reserve so it can potentially sell three gas-fired units it owns, and the CEC presented a federal transmission grant proposal tied to grid-enhancing technologies and ratepayer cost recovery. Finally, the committee discussed California Lifeline and possible broadband pilot reforms in light of uncertainty around federal Universal Service Fund support, with CPUC saying it is exploring a statewide standalone broadband option for eligible customers.

Transcript Highlights:

• So that's where the prevalence rate would come in.
• That now recognizes that prevalence rate is there year over year.
• SCR 24 utilizes a 1.5% apparent prevalence rate.
• SCR-24 utilizes a 1.5% apparent prevalence rate.
• And let me see the other, which is speaking on prevalence rate.

Summary: The Louisiana Wildlife and Fisheries Commission met on April 17, 2026, with a quorum present, adopted the agenda and prior minutes, and then focused primarily on chronic wasting disease (CWD) management in light of a new positive deer detection in Washington Parish. Staff explained that the March 11 declaration of emergency expanded the CWD control area into portions of Washington and surrounding parishes, including parts of Morehouse, Union, Lincoln, and Jackson, and that the emergency rule remains in effect for 180 days unless rescinded earlier. The commission also discussed the task force’s report and recommendations, but the chair indicated those recommendations would be tabled pending legislative action on Senate Concurrent Resolution 24 (SCR 24)."} 0}

Transcript Highlights:

• And then for 29, the growth rates are the same, 4.6%.
• And that was primarily driven by low hiring rates.
• This goes back to birth rates.
• As we get into 2022, the Fed begins to raise interest rates and then mortgage rates essentially double
• It's muting the impacts of, you know, when we see the unemployment rate.

Summary: The Finance Advisory Committee received an update on the state revenue forecast and broader economic conditions. Staff said the April forecast was more cautious than January’s, citing greater uncertainty from the Iran conflict and other macroeconomic risks. Available general fund resources for the four-year period were revised down from $577 million in January to $378 million in April, with no change to expenditure estimates. George Hammond of the University of Arizona then presented on the national, state, and local economy, emphasizing risks from geopolitical conflict, tariffs, federal policy uncertainty, labor supply constraints, and elevated housing costs. He said Arizona job growth had been weak and driven mainly by health care, while inflation in Phoenix remained moderate but shelter and consumer commodity prices were still elevated. He also noted that population growth is increasingly dependent on net migration as natural increase slows. Panelists generally echoed the cautious outlook. Liz St. Clair said Arizona’s near-term revenue outlook still had some support from tourism and a strong spring season, but rising fuel costs and the duration of the Middle East conflict could pressure discretionary spending and revenues. Jim Rounds argued the economy was likely headed for a soft landing, though he warned that federal borrowing, inflation, workforce shortages, and energy reliability remain concerns; he also criticized leaving the Rainy Day Fund unused. Danny Court said the housing market remains under pressure on the ownership side, while rental supply and industrial demand have been relatively strong, and he noted sticky inflation and immigration declines as additional risks. Doug Walls explained that large employment benchmark revisions were affecting Arizona’s job numbers, and said the latest report showed slower but more balanced growth, though labor force declines and a higher unemployment rate were concerning. Lorenzo Romero added that business activity appears resilient in the low-hire, low-fire environment, but warned about debt burdens, uneven wage growth, and ongoing uncertainty. No votes or formal actions were taken.

Transcript Highlights:

• Representative Bray asked how those rates are set.
• Rates are set by category and type of job, and they are reviewed annually.
• Representative Bray asked whether the recidivism rate was 30.8 percent and down 1 percent.
• of reduction and what the largest contributing factors are to lowering that rate.
• </c><00:13:12.000><c> of</c> years in terms of an average rate of years in terms of an average rate of

Summary: The Budget Review Subcommittee on Justice, Public Safety, and Judiciary heard an update from the Department of Corrections on Kentucky Correctional Industries (KCI), sentence-credit payments for program completion, and the expansion of the Little Sandy Correctional Complex. Department officials said KCI, the department’s long-running re-entry program, operates 15 industries in 11 institutions, employs more than 400 inmates and 37 staff, and had $5.8 million in expenditures against $6.8 million in revenues through January 31. Members asked about inmate pay, the role of the Prison Industries Enhancement Certification (PIE) program, and whether KCI generates profit; the department said it aims to break even while supporting state government, with PIE participants earning prevailing wages and some programs offering certificates tied to post-release employment opportunities. The subcommittee also reviewed the budget-authorized sentence-credit program for county jails. Officials reported 37,300 program completions in fiscal year 2024 and, through January, $6.128 million paid for 90-day sentence credits and $1.6548 million for 60-day credits, with total county jail expenditures of $8.1 million and 67 jails participating. They said additional participation would require more funding and that they do not expect many more jails to join, though attendance and population levels can affect costs. Members asked how jails opt in, whether there are added costs, how inmate earnings are handled, and whether deductions are made for child support or victim compensation; the department said jails apply through an approved program matrix, inmate earnings are tracked in individual accounts, and required deductions are made when ordered. Questions from members focused on re-entry outcomes and program structure. Officials said evidence-based programming and employment opportunities are major contributors to lowering recidivism, and they cited a recent recidivism rate of 30.8 percent, down about 1 percentage point, while noting they would provide additional trend and savings data later. The department also clarified that adult education and GED programming are separate from KCI and are handled by a different education division. For the Little Sandy expansion, officials said the project remains on schedule for completion on June 25, 2025, with inmate transfers expected to begin at about 50 per week and roughly 200 additional staff eventually needed; they said hiring is being phased in as inmate population increases. The committee asked for the total construction cost of the expansion, which the witnesses said they did not have at the meeting and would report back. The meeting adjourned with the next meeting set for February 18.

Transcript Highlights:

• Actually, the persistence rates for first-year students has gone up. ...persistence rates for first-year
• and persistence rates have increased.
• and our six-year graduation rates, particularly... ...that we ensure that our four-year graduation rates
• Now, I continue to see that our four-year graduation rates and our six-year graduation rates for Black
• and a 76.2% six-year graduation rate...

Summary: The Senate Budget Subcommittee on Education held its first 2026 hearing on higher education, focusing on UC and CSU system updates, student housing, enrollment, and core operations. In opening remarks, the chair noted recent state fiscal stress, the prior rejection of proposed UC/CSU cuts, and the Governor’s proposed 5% ongoing compact increases. UC President James B. Milliken and CSU Chancellor Mildred Garcia described the systems’ public value, research and workforce roles, and the impact of federal actions on grants, financial aid, and campus operations. Both also emphasized Title IX and civil rights efforts; CSU said it had implemented nearly all state auditor recommendations and was on track to finish the remaining one, while UC highlighted its systemwide civil rights and Title IX offices. Both leaders said federal investigations, grant cancellations, and litigation demands were consuming staff time and money, with UC reporting more than 200 grants lost or affected and CSU citing more than $161 million in lost grants and more than 1,600 grants affected overall. The committee then heard on student housing. Finance and LAO staff said the Governor’s budget made no major new housing proposal but continued support for the Higher Education Student Housing Grant Program. CSU reported 12 supported projects that will add about 5,047 beds, most below market rate, with four already open and seven more expected this year; it also said it has about 68,000 beds systemwide, a 92% occupancy rate, and ongoing emergency housing support. UC said the program has supported seven UC projects and two joint community college projects, adding more than 7,000 beds total, but nearly 10,000 UC students were on housing waitlists at the start of fall 2025. UC asked for additional state support, including possible bond funding and a statutory change to allow UC participation in public-private partnership housing projects. Members discussed rapid rehousing, student homelessness, faculty and staff housing, and community college housing partnerships, with both systems describing existing emergency beds and support services. On enrollment, LAO recommended maintaining UC’s 2026-27 resident undergraduate target, funding enrollment growth separately from base increases, pausing the nonresident reduction plan, and holding UC flat in 2027-28. For CSU, LAO recommended revising the 2026-27 target downward to reflect current projections, funding growth separately, and holding 2027-28 flat. CSU said it had rebounded from COVID declines, now exceeds its funded target by about 3,000 FTE, and is shifting about $89 million and 10,000 FTE spots from lower-demand campuses to higher-demand ones while developing turnaround plans for seven campuses with sustained enrollment declines, including Sonoma State. CSU also described direct admissions, transfer success pathways, and new degree programs aimed at workforce needs. UC said it had surpassed its compact enrollment goals, planned to add 2,721 California undergraduates in 2026-27, and was seeking $5.5 million for health professional programs. Members raised concerns about underprepared freshmen, K-12 alignment, nonresident caps at UC San Diego, deferred maintenance, ROTC access, and the need for stronger turnaround plans and teacher preparation pipelines. The final item on core operations addressed the Governor’s proposal to defer 3% base funding again, moving the one-time deferral to 2027-28 and allowing short-term zero-interest loans to cover it.

Transcript Highlights:

• It's not about rates. It's about what happens. The bill is about recovery. It's not about rates.
• And any cost associated with this measure can be reflected in future insurance rates and rate filings
• Insurance companies in other states can submit a rate file and say we want a 50% rate increase, and that
• Is this going to increase rates?
• reflect the risk, then, you know, the rate will be appropriate.

Committee: Senate Insurance

Summary: The committee first heard SB 1315 by Senator Cabaldon, the “Drive My Car Act,” which was described as a forward-looking bill aimed at ensuring that owners of vehicles with advanced autonomous or software-driven features retain the right to drive their own cars. Cabaldon explained that, after discussions with stakeholders, the bill would likely be redirected out of the insurance space and into transportation to address concerns about mandatory software updates disabling human driving. Members broadly praised the concept as a timely response to emerging technology, and there was no opposition testimony. The committee voted the bill out on a due pass motion to the Transportation Committee, with members voting aye and the bill held on call until all votes were recorded. The committee then took up SB 876, the Disaster Recovery Reform Act, presented by the Insurance Commissioner and supported by the committee chair. The bill was framed as a comprehensive response to wildfire disaster claims problems, especially after the Los Angeles-area fires, and would require more accurate replacement-cost estimates, stronger optional extended replacement-cost coverage, improved building code upgrade coverage, faster claim payments, clearer adjuster communication, pre-disaster emergency response plans, and stronger penalties and restitution for unfair claims handling. Supporters, including United Policyholders, California Environmental Voters, the Los Angeles Mayor’s office, AARP California, and consumer advocates, said the bill would help survivors avoid underinsurance, delays, and repeated trauma in the claims process. Opposition came from several insurance and industry groups, including APCIA, the Personal Insurance Federation of California, the Pacific Association of Domestic Insurance Companies, the Civil Justice Association of California, and the California Building Industry Association. They argued the bill remained too broad, would raise premiums, reduce flexibility, and could worsen availability in an already fragile market, especially because of mandatory coverage expansions and faster payout requirements. Committee members questioned both sides extensively about cost, optional versus mandatory provisions, contents coverage, ALE limits, building code upgrades, and rate-setting timelines. The committee ultimately passed SB 876 as amended to the Judiciary Committee on a due pass motion, with one no vote from Vice Chair Niello and the remaining recorded members voting aye; the bill was held open briefly to add a missing vote before the committee adjourned.

Transcript Highlights:

• Do you know what Idaho's error rate was for payments in the past by chance?
• And they've been doing a really good job of keeping that error rate low.
• So with the changes in federal law, states with error rates...
• But the higher your error rate, the higher the costs.
• So again, Idaho has about a 3.5% error rate.

Committee: House Health and Welfare

Transcript Highlights:

• So does that lower the rate?”
• “Rates for everybody else.
• I'm going to talk specifically about electric rates and the impact of data centers on electric rates.
• You're already being blamed for their rates going up. Some of them have seen small rate increases.
• But there's no doubt in my mind that it's going to raise electric rates.

Committee: House Utilities

Summary: The Missouri House Committee on Utilities held an informational hearing on data centers, with the chair saying the goal was to hear different perspectives and better understand the issue before future legislation. No public testimony was taken, but three invited speakers presented: a labor representative, an Ameren Missouri executive, and a consumer advocate. The discussion focused on the economic benefits of data centers, including construction jobs, local hiring, apprenticeship opportunities, tax revenue for schools and local governments, and related spending by Missouri businesses. The labor witness described current Montgomery County projects, said hundreds of Missourians were already working there, and argued that closed-loop cooling and generator noise were manageable. Committee members also raised questions about water use, noise, cybersecurity, local hiring, and how much tax revenue a project could generate annually. Ameren’s Rob Dixon said Senate Bill 4 and the PSC’s large-load tariff provide key protections for ratepayers by requiring large customers to pay their own interconnection costs, sign long-term contracts, post collateral, and pay for most of their requested load even if they use less. He said those rules help prevent costs from shifting to other customers and that large loads can put downward pressure on rates by contributing to fixed system costs. Dixon also said Ameren is planning for significant new generation, including gas, nuclear, hydro, coal, and renewables, and that data centers are subject to the same load-shedding and emergency restoration rules as other customers. He noted that the protections apply to investor-owned utilities, not co-ops or municipal utilities. John Kaufman of the Consumers Council of Missouri argued the PSC protections are still too weak and warned that data centers could raise rates through construction work in progress, stranded generation costs, and other risks if projects are delayed, shrink, or fail. He urged stronger consumer protections, more upfront financial commitments from data centers, and greater transparency for ratepayers, while also suggesting community benefit agreements and cautioning against over-reliance on utility projections. Several members pushed back on his characterization of Senate Bill 4 and QIP/CWIP provisions, and the hearing ended with the chair thanking the witnesses and adjourned the committee.

Transcript Highlights:

• Including the cost of reinsurance in their rates.
• Insurance rates increased because homeowners' losses increased even more.
• insurance rate increases.
• Homes built to 2008 standards have a much higher survival rate.
• insurance rates.

Committee: Senate Banking, Housing, and Urban Affairs Committee

Keywords: homeowners insurance, natural disasters, insurance costs, climate change, disaster preparedness, federal policies, bipartisan solutions

Summary: The meeting reviewed critical issues surrounding the rising costs and accessibility of homeowners insurance across the United States, particularly in light of increasing natural disasters linked to climate change. Members engaged in extensive discussions regarding the implications for families and the economy, citing significant increases in premiums and decreasing availability of policies in high-risk areas. Supervisor Peysko highlighted the direct impact of federal policies on local communities, emphasizing the growing burden on homeowners as they face skyrocketing insurance costs amidst a backdrop of environmental challenges and regulatory constraints. The committee expressed a unified call to action for bipartisan solutions, focusing on improving building codes and enhancing disaster preparedness measures.

Transcript Highlights:

• rates in the nation, and has been so for decades.
• We have seen a dramatic increase not only in the rate of felony cases sentenced, but also in the rate
• rate has exploded by 180% between 1981 and 2022.
• . increase not only in the rate of felony increase not only in the rate of felony cases<00:03:40.080>
• that rate sentenced for person crimes that rate has<00:04:10.879><c> exploded</c><00:04:11.519><c> by

Transcript Highlights:

• And after Excel rate case with Excel.
• Rate case after rate case, we see the same.
• Is salary is being covered by the rate.
• </c> going back to the rate in years past. going back to the rate in years past.
• And so I think this to keep rates down.

Summary: The committee heard House File 76, as amended by the adopted A1 amendment, and the chair moved the bill to be re-referred to the general register. The bill would limit the amount investor-owned utilities can charge ratepayers for executive compensation, capping recoverable pay for the top 10 executives at the governor’s salary. Representative Greenman argued the measure would protect customers from paying for lavish executive pay and said it would not affect what executives are paid, only what can be recovered from ratepayers. She cited recent Public Utilities Commission action and ongoing rate cases as evidence the issue is real and recurring. Supportive testimony came from a Minneapolis resident describing financial hardship and rising utility bills, a local worker who said customers have no choice of utility provider and should not fund monopoly executive pay, and advocates from the Energy and Policy Institute and Utility Reform Now, who said ratepayers should not subsidize excessive compensation and that the bill is a targeted reform. Xcel Energy and CenterPoint Energy opposed the bill’s premise by defending the current regulatory process. Their representatives said the PUC already reviews executive compensation in rate cases, generally allows only limited recovery, and has used that process for decades. Xcel also emphasized its affordability programs and said executives help secure savings and investments for customers. Members discussed whether the legislature should set a bright-line rule or leave the issue to the PUC. Representative Greenman said the bill is needed because the PUC process can take years and the legislature should establish a clear standard for all investor-owned utilities. Some members supported the bill as a response to an affordability crisis and the lack of consumer choice, while others said the legislature should focus on broader energy-cost issues and existing regulatory tools. The committee did not take a final vote on the bill in the portion of the meeting provided, but the amendment was adopted and the bill was moved for re-referral to the general register.

Transcript Highlights:

• New Mexico's suicide rate has gone up by nine percent.
• Our implementation rates could depend on our error rates, so that shows you that could begin in FY29,
• Payment error rate.
• So basically, the error rate really creeped up, but we know that we can bring it down to that lower rate
• We know we're at about half the rate where we should be.

Committee: House Legislative Health & Human Services Committee

Transcript Highlights:

• The requirement for a change to the tax rate ceiling requires disclosure of the current tax rate ceiling
• , the proposed tax rate ceiling.
• You have the issue where it says, okay, for 2027, your rate will be set at the same rate that you get
• That's our same rate in April of 2027.
• So that rate would be our rate, most likely, with the 2027. And then you could easily end 11G.

Committee: House Special Committee on Property Tax Reform

Transcript Highlights:

• </c> services to reenact the framework rates. services to reenact the framework rates.
• </c> state and in my district how the rate state and in my district how the rate changes<00:21:46.000
• </c> statute to the flat tiered rates statute to the flat tiered rates for<00:24:09.320><c> 2026</c><
• </c> There's a human cost for the flat rates. There's a human cost for the flat rates.
• </c> at the 2019 study that pushed the rate at the 2019 study that pushed the rate tier<00:35:16.520>

Bills: HF4491 , HF4338 , HF4288 , HF4566

Committee: House Human Services Finance and Policy

Transcript Highlights:

• It reduces rates for ratepayers.
• Then you go to the CPUC for the rates.
• But customers don't pay rates. They pay bills.
• So if we reformed that rate structure, that NEM rate structure, to have solar customers pay a little
• adjusts rates.

Summary: The committee heard several energy and utilities bills, with testimony largely focused on wildfire mitigation, affordability, clean energy planning, and utility accountability. AB 706, by Assembly Member Aguiar-Curry, would create a fund to support projects that use forest biomass waste from wildfire mitigation and forest restoration; supporters said it would reduce open burning and emissions while providing reliable renewable power, and the bill later passed 13-0. AB 39, by Assembly Member Zbur, would require larger cities and counties to adopt electrification planning strategies for transportation and buildings; it drew broad support from clean energy, labor, environmental, and local government advocates and passed 9-0. AB 1167, by Assembly Member Berman, would restrict investor-owned utilities from charging ratepayers for lobbying, promotional advertising, and similar shareholder-benefit expenses; supporters framed it as an affordability and transparency measure, while utilities argued the bill was overly broad and already covered by existing rules. It passed 7-0, with some members not voting and the roll left open. The committee also considered AB 1417 on offshore wind community funding transparency, which was amended to remove new fees and instead require reporting on developer support for local and tribal community capacity-building; opposition was withdrawn and the bill passed 9-0. AB 367, by Assembly Member Bennett, would require water districts in high fire-risk areas of Ventura County to have backup power, full tanks during red flag warnings, and hardened facilities; water agencies opposed unless amended due to cost and liability concerns, but the bill passed 10-0. The consent calendar, including multiple additional measures, was approved 11-0. Other bills drew more divided testimony. AB 745 would allow securitization to finance utility undergrounding and prohibit a return on equity for undergrounding projects; supporters said it would lower ratepayer costs, while utilities warned it would effectively discourage undergrounding and could raise other rates. The bill passed 7-4 and was left on call. AB 1423 would apply reliability standards to publicly funded EV chargers installed before 2024; supporters said taxpayers should get functioning chargers, while charging-network representatives objected to retroactive requirements and possible conflicts with existing agreements. It passed 13-0. AB 388 would create a narrow exception to utility regulation to facilitate green hydrogen projects using private power lines; supporters said it would unlock low-cost renewable hydrogen and jobs, while utilities raised concerns about customer protections and grid planning. It passed 12-0. The committee also began hearing AB 825, which the author said would address the high cost of financing major transmission and generation buildout, but the transcript cuts off before the full presentation and action on that bill.