Video & Transcript : 'Treasury Department' :

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NH

New Hampshire 2025 Regular Session

Senate Ways and Means (04/23/2025)

Ways and Means

Transcript Highlights:
  • </c> department of administrative services department of administrative services collects<00:02:41.599
  • </c> department of administrative services. department of administrative services.
  • I serve as the deputy treasurer for the state Treasury Department. Good morning.
  • <01:17:36.239><c> department.
  • </c> treasury department. Um good morning. treasury department. Um good morning.
AZ

Arizona 2026 Regular Session

04/28/2026 - Joint Appropriations

Appropriations

Transcript Highlights:
  • Department of Treasury, and this was probably in the last couple of days—we've been pulling this ...the
  • Department of Treasury: the child tax credit and H.R. 1 has been utilized by over 34 million families
  • Department of Treasury that 90% of taxpayers will be filing, taking the standard deduction.
  • Department of Treasury has told us that car loan interest for over 1 million filers deducted the interest
  • The average refund, according to the Treasury Department, is going to increase by over 11%.
WA
Transcript Highlights:
  • The Department of Transportation is required to set priorities for a program that will provide grants
  • The Department of Transportation is required to collaborate with critical supply chain stakeholders to
  • Finally, Engrossed Senate Bill 5649 creates an account in the state treasury for the program.
  • of Veterans Affairs and Military Department who have provided input for this bill.
  • of Veterans Affairs and Military Department who have provided input for this bill.
Summary: The committee held public hearings on two bills. Senate Bill 5420 would expand access to state benefits and preferences for veterans, uniformed service members, and military spouses by adding the Public Health Service Commissioned Corps and NOAA Corps to various eligibility provisions, extending some employment preferences to military spouses, and updating related protections. Staff and the prime sponsor, Sen. John Lovick, described it as a long-worked-on measure that passed the Senate overwhelmingly. Tammy Pro of the Department of War supported the bill, saying it modernizes state law and better recognizes service members and military families. The committee also heard Engrossed Senate Bill 5649, which would create a Washington State supply chain competitiveness infrastructure program to provide grants and loans for public and tribal port projects tied to freight mobility and supply chain performance. Sen. Marko Liias and port representatives testified in support, saying ports are critical to Washington’s trade-driven economy and that the bill would help fund needed infrastructure, including rail and terminal improvements, especially for smaller and rural ports. Testifiers said the program would fill a gap because ports lack a dedicated state grant program and could help leverage federal funding. An amendment to SB 5649 was explained as limiting eligible projects to those not already eligible for funding from the Freight Mobility Strategic Investment Board, to avoid duplication. The committee paused and later closed the hearing on SB 5649, then returned to SB 5420 to hear additional testimony. No votes were taken, and the meeting ended after the public hearings were closed.
NH
Transcript Highlights:
  • Treasury Department, where I did a lot of work on anti-money laundering, sanctions policy, and the convergence
  • Treasuries onto the blockchain.
  • Treasuries and put them on chain.
  • </c><00:21:24.880><c> and</c> blockchain to tokenize US treasuries and blockchain to tokenize US treasuries
  • </c><00:30:29.279><c> and</c> start with tokenizing US treasuries and start with tokenizing US treasuries
Summary: The meeting began with roll call and approval of the prior meeting minutes, which passed unanimously. Members then introduced the day’s presentations, including one on the Canton network and another on tokenizing real-world assets, with a focus on how blockchain systems can support regulated financial institutions and asset tokenization. Julie, the director of policy and government affairs at Digital Asset, presented on the Canton network, describing it as a privacy-enabled public blockchain designed for regulated finance. She said tokenization should preserve the same legal and economic rights as the underlying asset, and argued that blockchain-based books and records can shorten settlement times, improve 24/7 trading, and reduce friction in capital markets. She identified three main barriers to institutional adoption of public blockchains: lack of privacy, limited throughput/scalability, and lack of control for compliance purposes such as freezing assets, pausing transactions, and meeting AML/sanctions obligations. She explained Canton’s structure as a public, permissionless network with application-level privacy controls, a global synchronizer, and super validators chosen by vote. She also highlighted current ecosystem participants and use cases, including Broadridge, Circle, and the DTCC’s planned tokenization of U.S. Treasuries on the network. Members and online participants asked about the relationship between tokenized assets and the Clarity Act, tokenized deposits, safeguards for faster settlement, and whether the platform could be used for municipal or property records. Julie said Digital Asset was not taking a position on rewards, but supported clearer statutory definitions because tokenized securities should carry the same rights as the underlying assets and investors need to know whether a token is a true tokenized security or a synthetic/reference token. She said the company is agnostic on whether the cash leg is stablecoins or tokenized deposits, though it expects both to develop. In response to concerns about rapid settlement, she pointed to institution-level permissions and SEC disclosure expectations as safeguards. She also said the technology could be used for other records, including potentially property-related records, if those assets can be tokenized.
MN

Minnesota 2025-2026 Regular Session

House Human Services Finance and Policy Committee 3/25/26

Human Services Finance and Policy

Transcript Highlights:
  • I'm the director of government relations for the Minnesota Department of Health.
  • </c><00:36:42.480><c> And</c> Minnesota Department of Health. And Minnesota Department of Health.
  • of Human Services, the Department of Children, Youth, and Families, and the Department of Health produce
  • of Human require that the Department of Human Services,<01:08:13.680><c> the</c><01:08:13.920><c> Department
  • ><c> and</c><01:08:15.680><c> the</c><01:08:15.760><c> Department</c> Youth, and Families, and the Department
Bills: HF4210 , HF4212 , HF4549 , HF4464 , HF4546 , HF4447
FL

Florida 2025 Regular Session

February 4, 2025 - 03:00 PM

Transcript Highlights:
  • The Department of Financial Services, as far back as 2014, began...
  • So let's start with the Department of Management Services.
  • The Department of Revenue, Representatives Antone, Bankson, Grow.
  • The Department of Revenue. to work with Ranking Member Harris.
  • The Department of Revenue, Representatives Anton, Bankson, Grow.
Summary: The State Administration Budget Subcommittee heard presentations from the Department of Financial Services on the My Safe Florida Home program, the My Safe Florida Condominium Pilot, and the Florida PALM financial system replacement project. For My Safe Florida Home, Stephen Fielder explained the wind-mitigation grant program, including its inspection-first process, two-to-one matching grants for most homeowners, low-income exemptions from the match, and eligible improvements such as roofs, clips/straps, water barriers, and opening protection. He reported roughly 109,000 initial inspections, nearly 59,000 grants approved, 31,000 final inspections, 25,000 reimbursements, and about $240 million paid out through the end of 2024. Members asked about premium savings, contractor pricing, fraud, owner-builder eligibility, reimbursement timing, and whether the program should have a dedicated funding source; Fielder said the program is currently closed, more than 40,000 people have signed up for updates, and the office has seen some price-gouging and impersonation issues but no major fraud trend. The committee also discussed the new prioritization rules that took effect July 1, 2024, which direct grant awards by age and income. Fielder said the program used a survey of existing applicants to implement the new priority groups and that the first group was over age 60 and low-income. Members raised questions about how premium reductions are measured, whether insurance company changes or rising insured values affect the data, and whether the program can track long-term outcomes after reimbursement. Fielder said the office reports raw premium changes based on declarations pages, knows the insurer for participants, and has validated results with multiple insurers, but does not track homeowners after they leave the program or enforce continued insurance coverage. For the My Safe Florida Condo Pilot, Fielder said the program is modeled on the home program but uses association-level applications, a maximum grant of $175,000 per association, and a similar two-to-one match. He said the application window opened briefly in November and was closed quickly because available funding could be exhausted and the department is prohibited from creating a waiting list. He identified several needed statutory changes, including better distinguishing condos from single-family homes, adjusting roof requirements for flat concrete roofs, and revisiting the unanimous unit-owner vote requirement, which he said has been a major obstacle. Chair Lopez noted the pilot is intended to be a learning process and thanked DFS staff for identifying implementation issues. The final presentation covered Florida PALM, the state’s effort to replace the 40-year-old FLAIR accounting system with a PeopleSoft-based financial management system. Fielder and PALM Director Jimmy Cox said the project began in 2014, the state contracted with Accenture in 2018, cash management went live in 2021, and the project was paused in 2022 for legislative review and remediation. They said the system is expected to go live in 2026, possibly in July rather than January, and that the project has spent about $225 million to date, with a current-year budget of about $60.9 million and a projected next-year request of about $64 million. Members asked about cybersecurity, cloud hosting, project scope, and whether the system is unique to Florida; staff said the system is not Florida-specific, access is credentialed through agency identity management, and the cloud host location is confidential. After the presentations, Chair Lopez assigned members to work with specific agencies on budget review meetings, asked them to discuss agency structure, priorities, staffing, waste reduction, and other budget issues, and set a deadline to report findings in the first week of regular session. The meeting then adjourned without objection.
AR

Arkansas 2026 Regular Session

LEGISLATIVE JOINT AUDITING-STATE AGENCIES Feb 12th, 2026

LEGISLATIVE JOINT AUDITING-STATE AGENCIES

Transcript Highlights:
  • Members, do you have any questions for the department?
  • Members, do you have any questions for the department?
  • Wade Hodge, Chief of Staff for the Department. Eddie Powell, Assistant Director for the Department.
  • That'll be a system that will be in place for all departments, not just the Department of Corrections
  • Members, do you have questions for the department? Is there anybody from the department here?
HI

Hawaii 2026 Regular Session

Room 224 Conference PM - 04-29-2026

Hawaii Senate Floor Meeting

Transcript Highlights:
  • Her tenure includes service as Deputy Attorney General, Deputy Director of Department of Taxation, Director
  • of the Department of Human Resources Development.
  • 03:08.200><c> Deputy</c><00:03:08.600><c> Director</c><00:03:09.120><c> of</c><00:03:09.200><c> Department
  • </c> General, Deputy Director of Department General, Deputy Director of Department of<00:03:09.800><c
  • </c> of Taxation, Director of the Department of Taxation, Director of the Department of<00:03:12.080>
Bills: SB2057 , SB2109 , SB2400 , HB1752 , SB2599 , SB2930
AL

Alabama 2026 Regular Session

Alabama House State Government Committee Feb 18th, 2026

State Government

Transcript Highlights:
  • It's where the Department of Revenue fuel contractors and sellers have to have a bond, and every five
  • It's where the Department of Revenue fuel contractors and sellers have to have a bond, and every five
  • The language of the bill was drafted by the Department of Revenue with manufactured housing industry
  • The problem that we're solving is the current law prohibits the Department of Revenue from issuing a
  • So the solution is HB 435 simply removes the prohibition on issuing a title and allows the Department
Bills: SB86 , SB196 , SB228 , SB231 , HB73 , HB407 , HB435 , SB86 , SB196 , SB228 , SB231 , HB73 , HB407 , HB435
LA

Louisiana 2026 Regular Session

Education Mar 25th, 2026

Education

Transcript Highlights:
  • The department. Is anyone here from the department to speak on that specific issue?
  • The department. Is anyone here from the department to speak on that specific issue?
  • We have been working hard collaborating with the Board of Regents and the Treasury Department, the Office
  • Department of Education.
  • The Department of Labor, for example, the Department of Health, block grants.
Committee: House Education
Summary: The House Education Committee met on March 25, 2026, with a quorum present and heard a series of education-related bills and one resolution. The committee first took up HB 636 on hazing at public post-secondary institutions. Representative LaFleur presented the bill as a response to Caleb Wilson’s death, and family members, former Rep. Jason Hughes, and other supporters urged stronger prevention, reporting, and penalties. The committee adopted amendments adding implementation details and a lifetime ban on re-chartering an organization if hazing results in death, then reported the bill as amended as the “Caleb Wilson Hazing Prevention Act.” The committee then heard HB 218 on food insecurity screenings in public schools. LaFleur said the bill would formalize a process to identify hungry students and connect families to resources, with amendments tying the screening to existing McKinney-Vento forms and adding food-insecurity questions. Support came from charter school representatives, the Department of Education, and others, while Dr. Will Hall suggested involving caregivers and faith-based groups. The bill was reported with amendments. The committee also approved HB 626, which would require colleges and universities to provide suicide-prevention information, hotline access, and aggregated non-identifiable reporting on suicide risk. Rep. Jordan described it as a response to an uptick in suicides among college-age students, and the Board of Regents said most institutions already use telehealth or 988 resources. The bill was reported favorably. Next, the committee heard HB 749 on the administration of START, START K-12, and ABLE savings accounts. Rep. Carver said the bill would modernize and secure the program by allowing a third-party manager and online platform, while Treasury and Board of Regents staff explained that oversight would remain in place and that ABLE accounts would not be charged fees. The bill was reported favorably. The committee then considered HB 352 on behavioral health services for public school students. Rep. Mack and advocates from the Arc and ABA providers said the bill would ensure medically necessary services can be delivered in classrooms or other school settings, while the Louisiana Federation of Teachers asked for clearer pre-conference expectations to avoid classroom disruption. After testimony from parents, providers, and school stakeholders, the bill was reported with amendments. Finally, the committee approved HB 201 creating a state seal of fine arts for high school graduates, and HB 738 revising student disciplinary proceedings at colleges and universities to ensure evidence and fairness in disciplinary actions. Both bills were reported favorably. The committee also began hearing HCR 14, which expresses support for federal efforts to eliminate the U.S. Department of Education, but the transcript cuts off before any final action on the resolution is shown.
NH
Transcript Highlights:
  • that, or somebody told me that our gold standard, the gold that we already have, and it's in the Treasury
  • So the Treasury is treating the gold as much lower value because a statute was put in in 1973, and the
  • so the the the treasury is treating the<00:13:38.279><c> gold</c><00:13:39.279><c> as</c><00:13:39.839
  • </c><00:44:14.640><c> of</c> submitted to the Department of submitted to the Department of Environmental
  • Department Department though<00:44:55.720><c> and</c><00:44:55.920><c> you</c><00:44:56.000><c> want
Summary: The subcommittee first took up an amendment to a bill dealing with digital assets, zoning, utilities, and noise. Members discussed removing the “private key” language, clarifying that the bill would prohibit state or local governments from treating digital asset mining differently from other industrial uses, and narrowing several provisions based on feedback from the Municipal Association. There was also discussion about electricity use, rate schedules, and whether the bill would allow payment of electric bills in Bitcoin; members clarified that bills would still be paid in dollars and that discriminatory rates were not allowed. The amendment was approved on a straw vote, and the committee then voted 7-1 to adopt the amended bill. The committee then considered a separate bill related to a paint stewardship program. The sponsor explained that the amendment would remove references to a fee structure that had troubled him in public hearing, while still preserving the plan and oversight by the Department of Environmental Services. Members discussed whether the bill’s liability and disclosure language affected antitrust concerns, and a representative from the American Coatings Association testified that the program’s environmental management practices and liability provisions were intended to ensure responsible handling and cleanup. The committee ultimately voted 7-1 to adopt the amended bill. Later, the subcommittee moved to liquor-related business. It first voted unanimously, 7-0, to retain a cannabis-related item. It then discussed a tavern license bill that would create a 21-plus tavern category, with the Liquor Enforcement Division explaining that the restriction was tied to alcohol-only venues and the potential for late-night entertainment and nightclub-style operations. Members raised concerns about local control and public safety, and the discussion referenced existing cocktail lounge rules and the possibility of towns opting into such a license. The transcript cuts off before a final vote on that item is shown.
AZ

Arizona 2026 Regular Session

04/07/2026 - House Floor Session

Arizona House Floor Meeting

Transcript Highlights:
  • Coles is an assistant professor at the University of Arizona College of Medicine, Phoenix, and the Department
  • the folks from the University of Arizona Leadership Education in Neurodevelopmental Disabilities Department
  • It has an impact on the federal treasury. I think that's an important point to make here.
  • It has an impact on the federal treasury. I think that's an important point to make here.
  • I'd also like to note, as I did in Committee of the Whole, the Treasury declared the U.S. financially
Summary: The House convened, opened with prayer and the Pledge of Allegiance, approved the prior journal, and recognized the Doctor of the Day, Dr. Sarah Coles. Members also introduced a number of guests in the gallery, including representatives from the Arizona LEND Program, Friends of the Salt River Wild Horses, and other visitors. The House then received communications from the Governor and moved into Committee of the Whole to consider Calendar One. In Committee of the Whole, members debated SB 1280, a bill concerning Mexican gray wolves and the use of public funds to transport them. An amendment offered by Representative Gutierrez, nicknamed the “Cruella DeVille Act,” was adopted after extended discussion about wolf conservation, ecosystem impacts, and whether the bill would interfere with wildlife recovery efforts. The underlying bill then received a due pass recommendation. The committee also recommended due pass for SB 1418 and SB 1785, and the House later adopted the Committee of the Whole report, placing SB 1280, SB 1418, and SB 1785 on third reading while retaining SB 1200 on the calendar. The House then considered Calendar Two. SB 1053, dealing with concealed carry permit fees, drew debate over whether the fee reduction was revenue-neutral and whether the bill should instead focus on training requirements; it received a due pass recommendation. SB 1259 also received due pass without debate. SB 1372, relating to health care provider recruitment and anesthesia access, was amended and then recommended do pass. SB 1475, which would bar students convicted of certain serious offenses from participating in interscholastic activities, prompted strong debate over student discipline versus second chances, and it too received a due pass recommendation. SB 1478 received a technical floor amendment changing its effective date and was then recommended do pass as amended. The House adopted the committee report, sending SB 1053, SB 1259, and SB 1475 to third reading and properly engrossing SB 1372 and SB 1478. On third reading, the House passed SB 1078, SB 1107, SB 1123, and SB 1142. SB 1142, a federal education tax credit bill, generated the most debate, with opponents arguing it would divert resources from public schools and primarily benefit wealthier families, while supporters said it would not affect state revenues and would allow Arizona families to benefit from an existing federal credit. The final vote on SB 1142 was 33 ayes to 26 nays, and the House then adjourned until 10 a.m. on Wednesday, April 8, 2026.
CA
Transcript Highlights:
  • Goldberg from the Treasury. It was a press release from Britain's government expressing concerns.
  • Expressing concerns, then the Treasury news expressing concerns.
  • Instead, that September of 1983, Treasury Secretary Regan announced the formation of a working group
  • Treasury Secretary Regan delivered a chairman's report with supplemental views.
  • Chancellor of the Exchequer reached out to our Secretary of the Treasury and stated that he would be
Summary: The joint informational hearing examined California’s taxation of multinational corporations, especially the Water’s Edge election versus worldwide combined reporting. Chairs opened by framing the issue as a review of whether current rules fairly and sufficiently tax foreign subsidiary income, given profit shifting concerns, budget pressures, and the long history since Water’s Edge was adopted in the 1980s. The first panel from the Legislative Analyst’s Office and Franchise Tax Board explained the mechanics of unitary taxation, apportionment, and the Water’s Edge election, and provided filing data showing Water’s Edge filers are a small share of returns but account for a large share of corporate tax liability. FTB witnesses said the agency already administers both methods and could handle a shift to mandatory worldwide reporting with education and outreach, though revenue estimates are difficult because foreign affiliate information is not directly available. Committee members asked about foreign government pushback, administrative burden, industries with more profit shifting, revenue uncertainty, and whether companies would leave California. LAO and FTB witnesses said pushback from foreign governments was plausible, but they did not expect major business flight because California’s tax is largely based on sales rather than physical presence. They also said worldwide reporting could reduce profit shifting but might increase revenue volatility and litigation risk. A second panel of academic and tax policy witnesses argued that Water’s Edge is a loophole that rewards aggressive tax planning, that worldwide combined reporting would better capture income tied to California, and that modern federal and international rules such as NCTI/GILTI, CAMT, and Pillar Two reduce compliance concerns and make a return to worldwide reporting more feasible. They also said California’s current system can create selection effects and may under-tax large multinationals. In the next panel, a California Budget and Policy Center witness urged eliminating the Water’s Edge election, calling it a costly loophole that benefits large global corporations over smaller domestic businesses and deprives the state of billions in revenue that could support health care and other services. A Silicon Valley Leadership Group witness gave historical context for why Water’s Edge was adopted and began outlining concerns about compliance, double taxation, and the risk of overreaching beyond income truly connected to California. No bill was voted on or advanced; the hearing was informational only, with members using the testimony to weigh the policy trade-offs and possible transition periods if the Legislature were to change the current rules.
CA
Transcript Highlights:
  • Instead, that September of 1983, Treasury Secretary Regan announced the formation of a working group
  • Treasury Secretary Regan delivered a chairman's report with supplemental views.
  • Chancellor of the Exchequer reached out to our Secretary of the Treasury and stated that he would be
  • Secretary of the Treasury Baker at that time was very concerned, and he recommended to President Reagan
  • Additional funding would help properly staff our counseling department and the services at high schools
Summary: The joint informational hearing examined California’s taxation of multinational corporations, especially the state’s water’s-edge election versus worldwide combined reporting. The LAO and Franchise Tax Board explained the basic mechanics of unitary taxation, apportionment, and how water’s-edge generally excludes most foreign subsidiaries while worldwide reporting includes the full unitary group. FTB officials said water’s-edge filers are a small share of corporate filers but account for a large share of tax liability, and they described filing trends, industry mix, and the administrative steps needed to administer either system. Members and witnesses debated the policy trade-offs. Supporters of moving away from water’s-edge argued that it enables profit shifting, especially for large multinational and IP-heavy firms, and that eliminating it could raise significant revenue and improve fairness for smaller domestic businesses. They cited estimates of billions in potential revenue and said California already has the audit and reporting infrastructure to handle worldwide reporting, though some transition time would be needed. Opponents argued that worldwide reporting would tax foreign activity unrelated to California, create double taxation, increase compliance burdens and litigation, and could be difficult for foreign-based multinationals to document. They also warned that some of the revenue estimates are highly uncertain because foreign affiliate income is not directly observable. Committee members asked about foreign government pushback, the risk of companies leaving California, the effect on intellectual property shifting, and whether federal or Supreme Court action could block a change. Witnesses generally said major firms would be unlikely to leave because California taxes sales rather than physical presence, but some costs could be passed on to consumers. The panel also discussed alternatives such as conforming to federal international tax rules like NCTI/GILTI and adding anti-abuse rules. No vote or bill action was taken; the hearing was informational only.
WA

Washington 2025-2026 Regular Session

House Technology, Economic Development, & Veterans Feb 18th, 2026 at 08:00 am

Technology, Economic Development, & Veterans

Transcript Highlights:
  • The Department of Transportation is required to set priorities for a program that will provide grants
  • The Department of Transportation is required to collaborate with critical supply chain stakeholders to
  • Finally, Engrossed Senate Bill 5649 creates an account in the state treasury for the program.
  • The Department of Transportation is required to collaborate with critical supply chain stakeholders to
  • of Veterans Affairs and Military Department who have provided input for this bill.
Bills: SB5420
NH

New Hampshire 2025 Regular Session

House Finance Division I (02/26/2025)

Transcript Highlights:
  • </c><00:05:11.919><c> and</c> held at the State Treasury and held at the State Treasury and administered
  • </c><00:05:27.840><c> for</c> by the fish and game department for by the fish and game department for
  • So again, the fire department would be under the Department of Defense.
  • That fire department has transferred to Department of Defense, Pentagon level, which is a good story
  • </c> the department the department is is is we<03:19:33.439><c> um</c><03:19:33.680><c> our</c><03:19
Summary: The meeting began with testimony from Charlotte Harding of the Conservation Land Stewardship Program, who explained that the office protects the state’s interests in conservation lands by monitoring conservation easements and related stewardship obligations. She described the program’s funding sources: a land conservation endowment held at the State Treasury and administered by the Council on Resources and Development, plus transfers from Fish and Game for easements not covered by the endowment. Members discussed how the endowment is funded when new easements are created, the program’s staffing, the loss of a state vehicle, and the need to increase in-state travel so staff can use personal vehicles for field monitoring. Harding said the office has two full-time positions and a seasonal employee, that the work is mostly monitoring rather than hands-on land management, and that enforcement issues are referred to the grantee agencies or, if needed, to the Council on Resources and Development. She also noted that the office works directly with landowners to resolve smaller issues and that stewardship has become a greater focus in the conservation community because ongoing oversight requires funding. Members asked about examples of properties under the program, including LCIP lands such as Musquash Headwaters, Hidden Valley Boy Scout Camp, and Nash Stream, and the committee did not take a motion before moving on. The committee then heard from Paul Breen and Susie Anzelone of the Pease Development Authority regarding the Division of Ports and Harbors operating budget. They explained that the authority provides finance, legal, environmental, and engineering support to the division, which operates New Hampshire’s only deep-water berth at Market Street, as well as facilities in Hampton, Rye, the Portsmouth Fish Pier, and navigational waters in the Piscataqua and Great Bay. They described the authority’s history after the closure of Pease Air Force Base, the transfer of roughly 2,400 acres, and the creation of a self-sustaining enterprise fund tied to airport and port operations. They emphasized that the division does not draw on the general fund because revenues from wharfage, dockage, parking, registration, and mooring fees cover operating costs, with any surplus retained for capital improvements and replacement. Members questioned several budget lines, including a sharp increase in overtime and workers’ compensation. Breen said overtime is driven largely by security needs at the deep-water port and fluctuates with vessel traffic, such as salt shipments, while workers’ comp is a DAS-set cost and not something the division controls. He said the budget is conservative and that if revenues fall short, capital projects would be the first items scaled back. The discussion also covered fee-setting, with Breen saying rates are reviewed against the local market and infrastructure constraints, and that some smaller facility fees had recently been increased after being stagnant for years.
MN

Minnesota 2025-2026 Regular Session

Committee on Elections - 02/26/26

Elections

Transcript Highlights:
  • </c> The IRS and Minnesota Department of Revenue treat virtual currency as property, not currency, for
  • of Revenue treated, um, The Department of Revenue treated it as a non-currency.
  • bills, treasury bonds, treasury notes, dividends from securities, shares in mutual funds, shares in
  • <01:15:01.040><c> bills,</c><01:15:01.520><c> treasury</c><01:15:01.920><c> bonds,</c><01:15:02.400><
  • c> treasury</c> treasury bills, treasury bonds, treasury treasury bills, treasury bonds, treasury notes
Committee: Senate Elections
NH

New Hampshire 2025 Regular Session

House Ways and Means (02/10/2025)

Transcript Highlights:
  • </c><00:44:26.319><c> of</c> numbers provided by the Department of numbers provided by the Department
  • </c><03:40:57.120><c> gave</c> look at the sheet the department gave look at the sheet the department
  • of Administrative Services, along with the Treasury Department, provided you a document where they showed
  • </c><04:23:51.800><c> treasury</c><04:23:52.239><c> Department</c> along with the treasury Department
  • along with the treasury Department provided<04:23:53.640><c> you</c><04:23:54.159><c> a</c><04:23:54.359
Summary: The committee received a Department of Revenue Administration update from Commissioner Lindsay Stepp focused on revenue estimates for fiscal years 2025, 2026, and 2027. She explained the department’s forecasting method, which uses five scenarios based on the first seven months of actual collections and different assumptions for the remaining months, then selects a reasonable high and low range for FY 25 and applies projected growth rates for FY 26 and FY 27. Members asked several clarifying questions about how the scenarios are chosen and how the estimates relate to economic growth and taxpayer behavior. For business taxes, Stepp reported FY 25 year-to-date collections of $110.3 million, 18.2% below plan and 17.2% below prior year. She said the shortfall reflects both economic conditions and a resetting of estimated payments after unusually strong pandemic-era profits, and noted that the department cannot fully separate changes in taxpayer liability from changes in estimated payment behavior. She said approximately just under $72 million was refunded in FY 24 due to the CCO cap, and that FY 25 year-to-date refunds are at 41.7%. For business taxes, the department’s FY 25 range was based on either continued underperformance versus plan or a return to prior-year levels, with FY 26 and FY 27 growth projected at 3% to 8%. The committee also reviewed meals and rooms tax, tobacco tax, and related trends. Meals and rooms revenue was $6.9 million, or 3.3%, ahead of plan and prior year; the FY 25 gross estimate was $475.894 million, with a net range of about $331.82 million to $335.259 million after municipal transfers and school building aid. Stepp said recent monthly results suggest some fluctuation tied to disposable income, weather, and travel patterns, but no clear sustained decline. Tobacco tax was $18.1 million, 14% below plan and 4.8% below prior year; she said cigarette stamp sales are declining while e-cigarettes and other tobacco products are growing, with FY 25 tobacco revenue projected at $182.5 million to $185.3 million and FY 26-FY 27 growth ranging from -5% to flat. No votes or formal actions were taken.
LA

Louisiana 2026 Regular Session

Transportation, Highways and Public Works May 21st, 2026

Transportation, Highways & Public Works

Transcript Highlights:
  • Police Jury Association, President of the Louisiana Municipal Association, a representative from the Department
  • So it's basically urging and requesting the Department of Transportation and Development to institute
  • So it's basically urging and requesting the Department of Transportation Development to institute, The
  • Department of Transportation and Development to institute the DRIVE initiative for looking at the exchanges
Bills: HCR32 , HCR53 , HCR60 , HCR68 , HB582 , HB730 , HB762