Video & Transcript Research : 'CAP'
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NM
New Mexico 2026 Regular Session
House - Appropriations and Finance Feb 14th, 2026 at 10:04 am
House Appropriations & Finance
Transcript Highlights:
- But there is a cap that you're seeking in this, Mr. Chair? Mr.
- What is the cap, Mr. Chair? What is the cap, Mr. Chair? Mr.
- And so then this fund will be capped at $175 million, Mr. Chair? Mr.
- Chair, Representative, the fund itself will not be capped at $175 million.
- It raises the caps on the inspections under the Egg Grading Act.
Summary:
During the legislative meeting, House Bill 287 was discussed, which proposes the establishment of a permanent Health and Human Services Committee to oversee the state's $14.4 billion expenditure in this area. An amendment to the bill was adopted, which clarified funding and operational details. Public comments were solicited, but no one spoke in opposition. The committee ultimately voted, with some members expressing concerns about budget implications, but the motion to pass the bill as amended was made and seconded, with several members opposing it.
House Bill 371 was also addressed, which focuses on creating an Acequia Infrastructure Fund to support land grant and Acequia communities. The bill aims to provide a financial mechanism for these communities to access funds for infrastructure projects without relying on capital outlay requests. The committee discussed the bill's implications, potential funding sources, and the need for further amendments regarding representation and oversight. A motion to pass the bill was made, with some opposition noted, particularly regarding the lack of specificity in the bill's provisions.
Lastly, Senate Bill 143 was presented, which seeks to raise the caps on inspection fees under the Egg Grading Act, among other agricultural regulations. Supportive testimony was provided by representatives from agricultural organizations, emphasizing the need for updated fee structures. The committee engaged in discussions about the bill's implications for consumers and the agricultural sector, ultimately moving towards a vote to pass the bill.
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Public Service Jun 21st, 2026 at 01:00 pm
Joint Committee on Public Service
Transcript Highlights:
- But the current income cap on disability retirement severely limits my ability to do that.
- Raising the cap is not just a good policy, it's the right thing to do.
- Yet the income cap remains stuck at the same number.
- Raising and/or eliminating this cap would allow us to live with dignity.
- Senate Bill 1908, an act increasing the cap on outside income for public pension recipients.
Summary:
The committee heard testimony on a range of public retirement and municipal health insurance bills. Mass Retirees and the American Federation of Teachers supported House 2890/Senate 1848 on transparency in municipal health insurance, arguing that broker and consultant roles should be clearly defined, commissions disclosed, and dual roles prohibited to reduce conflicts of interest and costs. They also supported House 2799/Senate 1848 on protecting municipal retirees from future premium contribution increases, House 2854 on voting rights for surviving spouses in retirement board elections, and Senate 1917 on updating the definition of veteran for retirement purposes. Committee members discussed whether the veteran definition should simply conform to the federal definition going forward.
Educators testified in support of House 2769/Senate 1921, which would allow teachers with at least 20 years of service to buy back creditable service for periods when they worked part-time while raising children. Multiple teachers described the financial and retirement penalties they experienced after stepping down to part-time work for child care, calling the current system inequitable and a “mom tax.” Sponsors and supporters said the bill is intended to correct that disparity and help retain teachers, while one committee member noted it appeared neutral on an actuarial basis.
The committee also heard strong support for Senate 1908, which would raise the cap on outside income for public pension recipients, from retired State Police troopers who said the current limit is outdated and unfair to those forced into disability retirement after line-of-duty injuries. Another State Police representative supported House 2910 on state police pensions, citing recruitment and retention problems under current pension rules. In contrast, Hampden County Regional Retirement System officials and the Massachusetts Association of Contributory Retirement Systems opposed House 2745, a bill to restructure the Hampden County system’s governance, arguing it would weaken PERAC oversight and create an unworkable local system. They instead supported House 2813, which would extend the time to fill a vacant fifth member seat on retirement boards. At the end of the hearing, the committee voted to adjourn the hearing.
NM
New Mexico 2025 Regular Session
IC - Federal Funding Stabilization Subcommittee Jul 31st, 2025
Federal Funding Stabilization Subcommittee
Transcript Highlights:
- So, there has been a federal deduction that is capped currently at $10,000 for taxpayers who paid up
- So, the federal government is increasing the cap on the SALT deduction up to $40,000, or $20,000 each
- Then, they're phasing out the cap for taxpayers with modified adjusted gross income over $500,000.
- To sort of work around the SALT cap, the SALT cap applies to corporations and those that are filing personal
- It's also capped at $25,000 for joint filers and $12,500 for other filers.
NH
New Hampshire 2025 Regular Session
House Education Funding (05/01/2025)
Transcript Highlights:
- <00:24:40.000>
and well when meal debt is capped and well when meal debt is capped and students - enrollment cap. I've spoken to that. enrollment cap. I've spoken to that.
- And what this bill does in section five is it eliminates that cap if, after two years, the cap is not
- once once um once two years u if the cap once once um once two years u if the cap<01:24:21.600>
is - <01:25:58.719>
at <01:25:59.040>12,500 it resets the cap at 12,500 it resets the cap
Summary:
The Education Funding Committee met in executive session on a bill concerning school meal access and reimbursement. The bill would address local school districts’ responsibility to provide meals during school hours, reimburse schools for meals served at no cost, and make an appropriation. The committee first moved to retain the bill, with supporters saying it was complex, had uncertain fiscal impacts, and should be considered alongside other related meals bills. Opponents argued the committee already had enough information, that the bill served a small number of students at relatively low cost, and that delaying action would harm children who need food to learn.
The committee also heard from Tim Roar, a Keene school business administrator and co-designer of the bill, who explained that the proposal was intended to be an opt-in program for districts, with rulemaking to set participation requirements. He said the bill was meant to target aid to students between 175% and 200% of poverty, reduce bad meal debt, and avoid spending taxpayer money on families who could afford to pay. He estimated the state cost at about $250,000 in year one, with local taxpayer costs around $8,500 for Keene, and said some districts already have systems for online applications while others do not.
Committee members questioned him about meal debt, online application software costs, and how districts handle students who reach debt limits. Roar said districts still feed students who are hungry, but use other resources and family outreach when meal debt is capped, and he argued that parents should be responsible for providing lunch when they can afford it. Other members pushed back, saying they had seen students go hungry and that teachers sometimes pay for lunches themselves. One member noted the bill would increase eligibility, make it easier to apply, strengthen personal responsibility, and was not a mandate. The discussion ended without a recorded final vote in the excerpt, though the retain motion remained the central action under debate.
NH
New Hampshire 2026 Regular Session
House Municipal and County Government (05/05/2026)
Municipal and County Government
Transcript Highlights:
- What the bill seeks to do is any budget or spending caps. budget or spending caps.
- a town council that have adopted a cap. a town council that have adopted a cap.
- So, the budget school district budget cap and town budget cap, that's fairly new law.
- So, the budget school district budget cap and town budget cap, that's fairly new law.
- local caps. local caps.
CA
California 2025-2026 Regular Session
Assembly Natural Resources Committee Apr 21st, 2025
Transcript Highlights:
- It's called cap-and-trade.
- It's called cap-and-trade.
- We support cap-and-trade. There's a program.
- California already has a very successful program, cap and trade.
- And so I want to reiterate that what cap-and-should, excuse me, AB-1243 do that cap-and-trade will not
Summary:
The committee hearing centered first on AB 1243, the Polluters Pay Climate Superfund Act of 2025, which would direct CalEPA to identify major fossil fuel companies, study California’s climate damages, and assess fees on the largest polluters to fund resilience, recovery, and related projects. The author and supporters argued the bill would make polluters help pay for climate harms, protect taxpayers, create jobs in construction and clean energy, and dedicate at least 40% of funds to disadvantaged communities. Support testimony came from environmental justice groups, labor, youth advocates, health organizations, and many individual witnesses, while opponents from the building trades, chambers of commerce, petroleum, and business groups warned it would raise fuel and consumer costs, threaten refinery jobs, and create legal and economic uncertainty. Committee members debated the bill’s impact on affordability, jobs, refinery closures, and whether cap-and-trade already addresses climate funding needs. The committee ultimately voted to give AB 1243 a due pass recommendation to the Judiciary Committee, with the roll left open.
After AB 1243, the committee moved to another bill on wildfire mitigation and related resilience work. The author said the measure addresses a long-running wildfire problem and accepted committee amendments, describing the bill as a response to increasingly severe wildfire seasons and the need to help communities stay safe and rebuild after disasters. The transcript cuts off as that presentation begins, so no final action on the second bill is shown in the excerpt.
NH
Transcript Highlights:
- in nashwa on true we have a spending cap in nashwa on our<00:50:01.839>
budget <00:50:02.839>< - that also respects that, so that the impact of this relief would be immediate because of the tax cap
- We maintain at the tax cap every year, year after year, and we often go below it.
- <01:09:48.120>
Community like nashor we are a tax cap Community like nashor we are a tax cap - Being a tax-cap community is really ironic because when the inflation rate is high, your tax cap is high
NH
New Hampshire 2025 Regular Session
House Finance Division II (03/18/2025)
Transcript Highlights:
- The town has had a tax cap since 1993.
- <00:33:32.480>
on they've never proposed the tax cap on they've never proposed the tax cap - the school should be under the tax cap the school should be under the tax cap it it it passed<00
- <00:51:16.880>
put we did get a reasonable budget cap put we did get a reasonable budget cap - <01:02:46.319>
absolutely state imposed um budget cap absolutely state imposed um budget cap
Summary:
The committee first took up HB 713, which would require mile markers on Route 112, the Kancamagus Highway. The sponsor and DOT testimony described the road as a heavily traveled but isolated corridor with little or no cell or radio service, frequent accidents and breakdowns, and serious public-safety problems when emergency responders cannot quickly locate incidents. Members discussed where markers should be placed, how frequently they should appear, whether both sides of the road should be marked, and the potential cost; DOT said the project could be done with federal funds and might be combined with other work to reduce mobilization costs. The committee agreed the bill was straightforward and voted OTP 18-0, with discussion that a friendly amendment might be offered later to refine the language.
The committee then heard HB 563, concerning calculation of adequate education grants. Testimony explained that the bill would add fiscal capacity disparity aid in FY 27 and increase the special education differentiated aid factor, while also reducing extraordinary needs grants so the overall fiscal impact would be net neutral. Members noted the changes were limited to the second year because of the budget process and school district ballot timing. Supporters argued the fiscal capacity aid would help property-poor towns and should be expanded, while others emphasized the bill’s budget-neutral structure. The committee voted to retain HB 563 for further consideration in the budget process.
Finally, the committee opened HB 675, which would limit the authority of school districts to make certain appropriations. A Derry resident and former local official testified in favor, arguing that property taxes are too high, that school spending has outpaced town-side tax caps, and that local voters should have more control over school budgets. Committee members questioned whether the issue should instead be handled locally through existing processes or broader governance changes, and one member noted the state’s constitutional obligation to provide an adequate education. The discussion continued, but no final action on HB 675 was taken in the portion provided.
NH
New Hampshire 2025 Regular Session
Commission to Study Costs of Special Education (11/21/2025)
Transcript Highlights:
- <01:39:00.960>
of <01:39:01.280>160 it also is the cap of 160 it also is the cap of - , then once you get to that $160,000 cap, then once you get to that $160,000 cap, that's<01:39:46.080
- But there would be a cap at 160, and as that's how Arkansas does theirs, and their cap is lower than
- So, they're only going to reach CAP.
- And so, what we're saying is we CAP.
Summary:
The commission to study the cost of special education met, confirmed a quorum, introduced members and guests, and approved the minutes from the October 29 meeting. Members noted the commission’s mandate under Senate Bill 57 and emphasized the need to focus on recommendations and findings by July 1, 2026. The chair also distributed additional handouts, including materials related to the Education Freedom Account (EFA) program and administrative rules tied to differentiated aid and disability determinations.
The main discussion centered on how students qualify for differentiated aid under the EFA program. Matt Sutherton of the Children’s Scholarship Fund explained that the organization, which contracts with the state to administer EFAs, accepts either school-district/IEP documentation or a medical certification of disability (MCD) from a licensed medical professional. Members questioned how this process relates to the state’s special education rules and whether the school-district examiner standards in ED 107/1107.04 apply to EFAs. Sutherton said the MCD form, created with the department, requires the medical professional to sign that they are qualified to make the determination and to identify the disability.
Several members expressed concern that the EFA process is less rigorous than the school-district IEP process and may be inflating disability counts. One member argued that the administrative rules cited are primarily for school districts, not EFAs, and said the Department of Education may not know how many of the roughly 890 EFA students receiving differentiated aid came through school-district documentation versus the MCD pathway. Another member said the EFA system appears more generous than the school system and raised concerns about oversight, auditing, and whether the program’s data are accurate. Sutherton said the organization reviews signed documentation, credentials, and diagnosis information, and may request additional records to help adjudicate expenses. No votes or formal actions were taken beyond approving the prior minutes.
MN
Minnesota 2025-2026 Regular Session
Committee on Judiciary and Public Safety - Part 2 - 04/04/25
Judiciary and Public Safety
Transcript Highlights:
- It requires that a payment made by cap.
- <02:34:46.399>
fines discussion about fines and capping fines discussion about fines and capping - violation and then capped at $2,500 with other fees, is shortsighted.
- There is no cap on that.
- It is capped based on that statute.
KY
Kentucky 2026 Regular Session
House Budget review Sub. on Postsecondary Education. (2-26-26)
Transcript Highlights:
- So we are very thankful for those additional funds for the CAP grant.
- It could make a few additional people eligible for the CAP grant program.
- which could be an additional 32,000 cap which could be an additional 32,000 cap eligible<00:51:29.359
- <00:52:36.800>
Is all in our cap and KTG rewarding. Is all in our cap and KTG rewarding. - eligible for the CAP grant program. eligible for the CAP grant program.
Summary:
The House Budget Review Subcommittee on Postsecondary Education heard presentations from the University of Louisville and the Kentucky Community and Technical College System (KCTCS) on their strategic plans, enrollment trends, and budget priorities. University of Louisville President Bradley highlighted the university’s new five-year strategic plan, its R1 research status, community-engaged and opportunity college classifications, record enrollment of 25,005 students, and its role in serving first-generation, Pell-eligible, military-connected, and rural students. He also emphasized the university’s economic and workforce impact, including athletics, nursing, dentistry, and a recent Speed School building, and previewed major capital and program requests: a $142 million STEMH building, a $15 million one-time request for National Cancer Institute-related cancer research, and $5.3 million for the Kentucky Manufacturing Extension Partnership. He also discussed a planned $260 million health sciences building and the university’s efforts to expand health care access beyond Louisville through regional sites and residency partnerships.
Members responded positively, with Representative Tipton asking about agency bond projects and regional health outreach, and President Bradley saying the university is evaluating debt capacity and exploring smaller projects while noting that the STEM building request would rely on state-funded debt service. He described UofL Health’s expansion into places such as Bullitt County, Shelbyville, Madisonville, and Paducah, and its efforts to train physicians for rural practice. Representative McCool praised the university’s military-friendly designation and cancer research priorities and noted personal family ties to UofL. Michaela Aman, a sophomore from Letcher County, also testified about how UofL has supported her as a rural student and emphasized the university’s commitment to opportunity and social mobility.
KCTCS President Ryan Quarles and CFO Todd Kilburn then presented the system’s enrollment, completion, and workforce-training results. They said KCTCS now serves more than 110,000 students, graduated a record 24,000 students last May, and has moved from 45th to 4th nationally in graduation rate. They also highlighted that over half of students are first-generation, 60% work while enrolled, 70% of graduates work in Kentucky, and 74% graduate with no student loan debt. KCTCS described its common-course-numbering agreement with Morehead State as part of a broader transfer simplification effort, and said it trains about 200,000 Kentuckians annually when including workforce training and firefighter instruction. The system also outlined efficiency measures, including property sales, a new bookstore contract projected to save $4.3 million over five years, and a new evaluation process for real estate and facilities.
KCTCS’s budget and capital requests included operating funding tied to enrollment growth, support for the TRAINs program, the ECTC training facility at Glendale, continued support for Health Force Kentucky, three capital construction projects at Jefferson, Bluegrass, and Gateway, and asset preservation funding focused on safety and security upgrades. Quarles also referenced House Bill 5, saying it would expand KCTCS’s correctional education and re-entry work and could help reduce recidivism. Members asked about the bill and its impact, and KCTCS said it already provides instruction in jails and prisons and sees the proposal as an extension of that work.
NH
New Hampshire 2025 Regular Session
Senate Election Law and Municipal Affairs (02/18/2025)
Election Law and Municipal Affairs
Transcript Highlights:
- hit their caps, and there are places that bump up against their caps every year.
- caps now caps now um<00:05:19.720>
and <00:05:19.880>there <00:05:20.000>are <00: - What I've seen is that cities that currently have spending caps try to stay within the caps, and sometimes
- cities that currently have spending caps cities that currently have spending caps try<00:05:58.720
- <00:05:59.759>
and try to stay within the caps and try to stay within the caps and sometimes
WY
Wyoming 2026 Regular Session
House Floor Session-Day 20, March 5, 2026-PM
Wyoming House Floor Meeting
Transcript Highlights:
- So, if we remove this 4% cap there.
- impact of getting rid of the cap impact of getting rid of the cap by<00:55:30.800>
asking - And on this amendment, I’m normally not a guy who likes to cap, although we have capped these before,
- We got a 4% cap. How many years is that for the 4% cap blows to that 25%?
- We're putting a cap on this.
CA
California 2025-2026 Regular Session
Assembly Utilities and Energy Committee May 13th, 2026
Utilities and Energy
Transcript Highlights:
- The SB 254 report proposes eliminating punitive damages and capping non-economic damages.
- , quote, basically capping all damages for death and suffering and pain and suffering.
- And last one from my colleague: Did you consider any equity caps, CEO compensation caps for the IOUs,
- And there's a number of states that have adopted caps on non-economic damages.
- I think Utah has a cap of $100,000 or $150,000 per person on non-economic damages.
Summary:
The Assembly Committee on Utilities and Energy held a hearing on the California Earthquake Authority’s SB 254 report and possible reforms to California’s utility wildfire recovery system. The chair framed the discussion around the Palisades and Eaton fires, the high and growing wildfire-related costs on utility bills, and the need to weigh tradeoffs among survivors, ratepayers, utilities, insurers, and taxpayers. The chair emphasized that the SB 254 report is an inventory of policy pathways rather than recommendations, and that the Legislature’s role is to evaluate the options publicly.
The first panel featured wildfire survivors William Abrams and Joy Chen, who described severe ongoing displacement, housing insecurity, delayed compensation, and frustration with what they characterized as opaque and unfair compensation structures. They argued for greater transparency, clearer accountability for utilities, stronger oversight of wildfire mitigation spending, and incentives tied to safety performance. They also urged faster survivor payments, but only if they are full, fair, and not financed by shifting more costs to taxpayers or ratepayers. Committee members asked about gaps in the SB 254 report, the meaning of “full” compensation, and how a fast-pay facility might work.
The second panel included the California Earthquake Authority, RAND, PG&E, LADWP, Consumer Attorneys of California, and the Public Advocates Office. Tom Welsh of CEA explained the report’s process and the current wildfire fund structure, including that utilities remain liable, the fund reimburses eligible claims, and prudency reviews can require reimbursement to the fund. RAND’s Lloyd Dixon outlined how roughly $38 billion has been paid to survivors, insurers, and public entities since 2017, and noted substantial litigation costs and cost-shifting among stakeholders. Utility representatives supported reforms that preserve financial stability and reduce risk, while consumer and public-interest advocates opposed shifting more costs to ratepayers and stressed accountability, audits, and safety-linked recovery. No votes or formal actions were taken in the hearing.
KY
Kentucky 2026 Regular Session
Capital Projects and Bond Oversight Committee - (5-21-26) - Reupload
Transcript Highlights:
- And then there's a cap of $1 million for companies once they hit that threshold.
- That's just 1 million each company is capped at.
- at a million on it's sales and capped at a million on jet<00:21:27.600>
fuel. - We've probably got company is capped at.
- the middle of the pack on the cap. the middle of the pack on the cap.
Keywords:
0:00:01 Call to Order and Roll Call
0:00:54 Approval of Minutes
0:01:08 Information Items
0:03:18 Postsecondary Institutions - UK
0:18:10 Finance and Administration Cabinet
0:30:13 KY Infrastructure Authority
0:37:30 Cabinet for Economic Development
0:52:11 Office of Financial Management
0:59:20 Remaining 2026 Mtg Dates
1:00:49 Adjournment, 958, all
Summary:
The committee first approved the April 27 minutes and then received several informational reports, including University of Kentucky medical equipment purchases, UK’s use of $200 million in Ever funds for a public-private partnership, school district debt issuances, UK’s planned use of construction manager-at-risk delivery on five projects, Kentucky Communications Network Authority capital projects under House Bill 6, and 14 UK lease improvements. Members were told the House Bill 6 item was also being discussed in the Information Technology Oversight Committee and could return later if needed.
The main action item was University of Kentucky’s request to approve a $600 million public-private partnership for central plants and utility infrastructure tied to the Chandler expansion. UK said it would shift $200 million from previously authorized restricted funds into the P3, leaving the project financed through private equity and nonprofit debt with no UK or Commonwealth debt. UK representatives said the project is necessary to support 24/7 hospital operations, expand and modernize utility systems, improve redundancy and efficiency, and reduce long-term operating risk. Members asked about the source of the availability payments, which UK said would come from UK Healthcare revenues, and the committee approved the P3 agreement unanimously.
The committee also approved a UK lease renewal for a 20,000-square-foot College of Medicine annex near the Bowling Green Medical Center. UK said the lease costs $38 per square foot, or $912,000 annually, and supports medical education expansion in the region, including growth from 120 to 160 students over four years. Members voiced support for the local impact, and the lease passed unanimously.
Later, the committee approved a Transportation Cabinet aviation project for two medium box hangars at Capital City Airport, funded by $1,153,000 in federal money and $950,000 from the Aviation Economic Development Fund, which is supported by a 6% jet fuel tax with a $1 million annual cap per company. Members asked about the fund balance, the cap, and airport revenue sources, and staff said the airport also receives entitlement and federal infrastructure funds and earns revenue from hangar rent and fuel sales. The committee then approved two Finance and Administration Cabinet pool projects: a roof and skylight replacement at the Libraries and Archives building and exterior repairs at several state buildings.
Finally, the committee approved six Kentucky Infrastructure Authority action items after hearing about one loan increase for the Springfield Wastewater Treatment Plant and five grant reallocations tied to Cleaner Water Program and county allocation pool funds. Members asked why one project approved in 2024 was only now increasing, and KIA explained that design, water division review, environmental review, and bidding can take one to two years. KIA also reported additional no-action items, including a Brandenburg water grant split among two projects and 17 Kentucky Waters projects provided for information. The meeting ended with approval of the action items and no further action on the informational grants.
FL
Transcript Highlights:
- And this bill now does not have caps in it.
- And this bill now does not have caps in it.
- No caps, because you can't put a price on a life.
- or doesn't have caps, right, but without caps.
- Of the bill has caps or doesn't have caps, right, but without caps.
Summary:
The Senate opened with prayer, the Pledge of Allegiance, and a series of member introductions recognizing interns, pages, and a retiring Senate employee. Leadership also announced that budget talks with the House were continuing and that senators should not plan to be in next week, with hopes of sharing more budget news soon. The chamber then moved to third reading and took up a major bill on citizen initiatives and constitutional amendments, with sponsors saying it was needed to address documented petition fraud and to protect the integrity of the process.
That bill drew extensive debate. Supporters argued that recent investigations showed widespread fraud in petition gathering, that the measure would add reasonable guardrails, and that it would prevent taxpayer-funded government messaging from being used to influence ballot measures. Opponents said the bill would make it much harder for ordinary Floridians to place amendments on the ballot by adding costs, deadlines, registration requirements, fines, and felony exposure, and they warned it would chill grassroots participation and effectively favor wealthy or corporate-backed campaigns. After debate, the Senate passed the bill 28-10.
The Senate then adopted several House amendments and concurred on a series of education and public-safety measures, including bills on stem cell therapy, student-athlete electrocardiograms, cardiac emergency planning in schools, school safety, Bright Futures and other education policy items, and educator preparation. Most of those measures passed unanimously or with overwhelming support, and the chamber also recognized additional interns and a long-serving education advocate before recessing and returning to continue with House messages.
AR
Transcript Highlights:
- We reduced the ask for salaries down to, we're capping it at 10% of the current budget.
- Okay, so we reduced from 19.8 down to 10%, and it's a 10% cap. That is correct, yeah. Okay.
- along with, or your boss go along, you think, with maybe some special language that limits the, that caps
- Do you speculate that he would agree to some kind of cap, either a percentage cap or, or I was even thinking
- Yeah, I do not believe that the treasurer would be opposed to conversations about a cap.
Summary:
The committee first took up the Special Language Committee report, which adopted nine amendments tied to Governor’s Letter 7 and HB 1005, and then approved several items for due pass as amended, including HB 101 (Department of Corrections), HB 1017 (Department of Agriculture promotion boards), HB 1009 (Department of Public Safety), and SB 10 (Department of Commerce, Division of Workforce Services). A question was raised about the $10 million unemployment insurance modernization item in SB 10, and Commerce staff said it was a continuation of a previously approved appropriation rather than a new increase.
The main discussion centered on the Treasurer’s budget request, especially salary increases. Committee members questioned why the office had already received substantial raises in 2025 and whether additional funds would go to lower-paid staff or mainly to top leadership. Treasury staff said the request was intended to retain talent, that the office’s investment team manages an $11.5 billion portfolio, and that the state benefits from those returns; they also said the treasurer would be open to discussing a cap on raises. Members expressed concern that prior funds had not gone where expected and that the treasurer was not present to answer directly.
Representative Lundstrum moved to hold the Treasurer’s budget until the treasurer could return and provide more information, and the motion passed. Representative Kavanaugh also asked about a $150,000 preparedness and safety appropriation, and staff said it would support IT and security upgrades related to a move from AIS to S4 HANA and a cloud-based system. The committee then batched and passed a series of supplemental and reappropriation bills, followed by individual due-pass votes on multiple House and Senate bills, all of which were approved without objection. The meeting ended with procedural guidance about filing special-language items and a request to release a hold on HB 1064, after which the committee adjourned.
WY
Transcript Highlights:
- Implemented the 4% property tax cap.
- So that was an $3 million cap.
- only required to have the 4% cap on it. only required to have the 4% cap on it.
- <02:56:08.080>
Other every year, they get cap. Other every year, they get cap. - They've got a 4% cap, whatever the inflation was on that house gets capped at four.
MN
Minnesota 2025-2026 Regular Session
Committee on Human Services - 03/04/26
Health and Human Services
Transcript Highlights:
- we have placed a 4% cap on nursing homes?
- So how does that cap on nursing homes. So how does that work?
- <01:23:26.560>
that's heard concerns around the cap that's heard concerns around the cap that's - That that's how cap under current law.
- cap on private pay. cap on private pay.
NM
New Mexico 2026 Regular Session
IC - Revenue Stabilization and Tax Policy Dec 16th, 2025
Transcript Highlights:
- It increases the cap on an individual tax credit from $250,000.
- This would increase that cap to $2 million, which better reflects land values.
- My second question: is there a program cap currently?
- Madam Chair, Senator, there's currently not a program cap.
- Vice Chair, the program cap would still be, or the project cap, understanding that, but yes.
Summary:
The committee’s final day focused first on a historical overview of New Mexico tax packages by Pam Stokes of Legislative Council Services. She described how tax packages have alternated over the decades between tax relief, revenue raising, and tax reform, with examples ranging from the creation of the gross receipts tax in 1966 to major packages in 1981, 1986, 1991, 1994, 2005, 2019, 2022, 2024, and the vetoed 2025 package. Members discussed how tax policy often tracks revenue conditions, how packages can combine increases and decreases, and how local government gross receipts taxes and hold-harmless distributions have affected communities differently. Several members reflected on past packages, especially the 2004 food tax repeal and the 2013 film tax and manufacturing changes, and noted that tax policy can have major economic and political effects even when it is not “sexy” legislation.
The committee then heard a proposal to expand the health care practitioner gross receipts tax deduction to include co-insurance, and to extend the sunset date. Sponsor Senator Figueroa said the bill was intended to help recruit and retain medical providers and build on prior deductions for co-pays and deductibles. Testimony explained that co-insurance is the patient’s share after the deductible, that providers currently absorb the gross receipts tax on those payments, and that the proposal would cost about $30 million to the state plus about $20 million to municipalities and counties, with the exact fiscal impact likely to be updated. Members raised concerns about the effect on local governments, whether insurers could be required to reimburse providers, whether the bill would actually attract doctors, and whether better evaluation measures and sunsets should be added. The sponsor said the bill was part of a broader set of efforts to address provider shortages and that the discussion would continue.
Representative McQueen then presented a bill to update the Land Conservation Incentives Act. He and conservation partners said the program has protected more than 500,000 acres but has not kept pace with rising land values, especially for irrigated agricultural land in the Middle Rio Grande. The proposal would increase the percentage of conservation value eligible for the credit, raise the per-transaction cap from $250,000 to $2 million, and make the credit refundable rather than only transferable. Testimony emphasized that the program is voluntary, keeps land in private ownership and production, and helps land-rich, cash-poor landowners preserve farmland and water rights. Members asked about average credit amounts, how easements work, whether landowners could effectively buy land and then use the credit, and whether there should be inflation indexing or a statewide cap. The discussion also touched on water rights, fencing, and the role of conservation easements in protecting agricultural land and compact water deliveries.
Finally, Senator Sharer previewed his 2% tax proposal with a historical presentation on New Mexico tax law, using props to illustrate the evolution from early territorial tax codes to the modern tax system. He argued that the state’s current tax structure is overly complex and that recent federal changes have disrupted the personal income tax base. The committee did not take any votes on the day’s presentations; the meeting was primarily informational, with members offering feedback and raising policy concerns for future sessions.