Video & Transcript Research : 'surplus lines'
Page 25 of 500
NM
Transcript Highlights:
- Dotted red line. That is the worst-case scenario, a low oil price scenario.
- When you see the lines diverging, that is revenue volatility.
- When you see those two blue lines and the black lines coming together, that means that we have smoothed
- In the 10-year trend, the blue line and the black line at the very end of the graph are almost exactly
- I think it's just helpful to reiterate that the bottom line here is on page one of this presentation.
MN
Minnesota 2025 1st Special Session
Conference Committee on HF2431 5/16/25 - Part 2
NM
New Mexico 2025 Regular Session
IC - Legislative Finance Nov 17th, 2025
Transcript Highlights:
- Something along those lines.
- That HCA is requesting, by rough math, is about 34% of our surplus.
- They do fraud referrals, and we have a fraud line for that.
- Chair, Representative Herrera, in terms of a carryover, excess, surplus, surplus. Well, Mr.
- The bottom line is we don't have a lot of data in terms of anything.
NH
New Hampshire 2025 Regular Session
Senate Election Law and Municipal Affairs (04/22/2025)
Election Law and Municipal Affairs
Transcript Highlights:
- Could where what lines is this?
- It's on line eight right in the middle. It's on line eight right in the middle.
- Could where what lines is this? this? Could where what lines is this?
- that you wrote and and the last line that you wrote and and the last line says<01:32:38.320>
- Line<01:55:26.800>
30, <01:55:27.199>page <01:55:27.679>um Line 30, page um Line
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 3 on Education Finance Feb 10th, 2026
Transcript Highlights:
- What we have some certainty about is that it's become sort of a new normal for these one-time surplus
- funds and whether it's settled up or a one-time surplus funds and whether it's settled up or a one-time
- new normal for these one-time surplus funds.
- That could be an advance payment that preemptively covers some costs in 2027-28, along the lines of what
- That could be an advance payment that preemptively covers some costs in 27, 28, along the lines of what
Summary:
The Assembly Budget Subcommittee on Education Finance held its first hearing of the year on Proposition 98, focusing on the Governor’s budget estimates for the three-year budget window, the Public School System Stabilization Account (PSSA), and repayment of education deferrals. The Department of Finance said the minimum guarantee would rise by about $21.7 billion over the 2025 Budget Act, with increases in each year, full repayment of the existing settle-up obligation in 2024-25, a new $5.6 billion settle-up obligation proposed for 2025-26, and a higher guarantee in 2026-27. Finance also noted revised downward estimates for transitional kindergarten attendance and Los Angeles County property tax reimbursements, and said community colleges would be funded above the split because of enrollment growth.
The Legislative Analyst’s Office emphasized fiscal risk and volatility, warning that recent revenue gains are tied heavily to the stock market and tech sector and could reverse quickly. The LAO argued the Governor’s proposed $5.6 billion delay shifts risk into future years and recommended instead fully funding the current estimate, making a larger reserve deposit, considering advance payments or pension-related uses, and finding additional non-Prop 98 solutions to reduce the state’s structural deficit. On the reserve and deferral items, Finance described revised PSSA deposits and withdrawals that would leave about $4.1 billion in the reserve by 2026-27, and both Finance and the LAO supported paying off the remaining LCFF and SCFF deferrals as good fiscal practice.
Committee members questioned the size of the settle-up amount, the degree of revenue volatility, the use of the reserve, and the ongoing K-12/community college split. Finance said the proposal is meant to avoid overappropriation if revenues fall, while the LAO said a buffer of roughly $3.5 billion would address typical forecasting risk. Public commenters, including school boards, county offices of education, teachers, and advocacy groups, largely opposed the $5.6 billion withholding or settle-up delay, calling it a manipulation of Prop. 98 and urging full funding and more stable revenue solutions. Several speakers also urged dedicated funding for students experiencing homelessness. The hearing ended with no vote, and the chair announced that broader program discussions would occur in later hearings.
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 4 on Climate Crisis, Resources, Energy, and Transportation Mar 26th, 2025
Transcript Highlights:
- Number one, I think that a lot of our agencies got kind of addicted to a surplus-era notion of budgeting
- We were blessed enough to enjoy a year with a $74 billion budget surplus and a year with a $100 billion
- budget surplus.
- But the bottom line is, just to try to look at the big picture, we have no plan for...
- I'm Jeannie Ward-Waller on behalf of Green Lining and Transform, the Leadership Council for Justice and
MN
Minnesota 2025-2026 Regular Session
House/Senate Republican Media Availability 2/27/26
Minnesota House Floor Meeting
Transcript Highlights:
- The only reason why we have money left on the bottom line is because our savings account still has money
- We had the $18 billion surplus.
- ><00:08:57.519>
the <00:08:57.839>$18 <00:08:58.320>billion <00:08:59.040>surplus - <00:08:59.760>
And We had had the $18 billion surplus. - And We had had the $18 billion surplus.
TX
Transcript Highlights:
- Can you tell me what line shows that? It just says resident. Right.
- I think it already does that could you tell me the line item what line it shows where they're all I see
- Chats line voting aye.
- That's line voting aye. They've all voted. They've all voted.
- So here's the bottom line.
Keywords:
appropriations, budget, state funding, education, healthcare, infrastructure, state budget, mental health funding, education funding, infrastructure improvements, public safety, groundwater, water conservation, financial assistance, Texas Water Development Board, innovation fund, local conservation districts, transportation protection agreement, funeral services, insurance exemption
MN
Transcript Highlights:
- And, um, the red line is, uh, consumption of services.
- And, um, the red line is, uh, consumption of services.
- Digital advertising transactions routinely cross state lines, involving advertisers, platforms, servers
- <00:09:57.680>
involving across state lines involving across state lines involving advertisers - Um you'll see on line 2.7 that earlier.
MN
Minnesota 2025-2026 Regular Session
House State Government Finance and Policy Committee 3/24/26
State Government Finance and Policy
Transcript Highlights:
- And there are not clear lines.
- And there are not clear lines.
- There are not clear lines.
- are not clear lines. are not clear lines.
- line 1.10 actually covers that. Mr. line 1.10 actually covers that. Mr. Sullivan.
Keywords:
Inspector General, fraud prevention, state audit, public funds, misuse, transparency, government accountability, HF4482, Minnesota Historical Society, state historic sites, historic site management, historic preservation, county historical society, local historical society, municipality, county government, admission fees, grants-in-aid, site operations, site maintenance
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Veterans and Federal Affairs Jun 21st, 2026 at 01:00 pm
Joint Committee on Veterans and Federal Affairs
Transcript Highlights:
- It's... so currently it is... surplus, it's been surplus, so...
- So currently it is surplus; it's been surplus, so DCAM is ready to turn it over to whatever the next
- just to incentivize service, but to honor, you know, to say thank you for putting your life on the line
- meeting the federal definition of veteran, as was discussed before, were nevertheless killed in the line
- legislation is small, focusing on a specific and deserving group: those who gave their lives in the line
Summary:
The committee held a hybrid public hearing on seven House bills and seven Senate bills related to the Massachusetts National Guard and U.S. Armed Forces Reserves. Opening remarks covered hearing procedures, livestreaming, testimony limits, and expected reporting dates, and chairs noted the committee’s focus on Guard and Reserve issues. Testimony then moved through several bills, including S. 2465 to expand the National Guard welcome-home veterans bonus to all deployed Guard members regardless of residency, H. 3876/S. 2462 to authorize military-style headstones for long-serving or deceased Guard members, and S. 2482/H. 3833 to establish a Massachusetts National Guard Museum in Salem. Supporters of the bonus and headstone bills argued they would correct inequities and better honor service; Senator Lovely described the museum proposal as a way to preserve the Guard’s history in Salem and potentially support federal funding for the project.
A major portion of the hearing focused on H. 3829/S. 2471, the “Defend the Guard” proposal that would bar Massachusetts National Guard deployments into active combat absent a formal congressional declaration of war. Supporters argued the bill would restore constitutional war powers, reduce repeated undeclared deployments, and protect Guard members’ mental health and state readiness. Opponents, including retired Guard leaders and current service members, warned it could conflict with federal law and Title 10 authority, undermine federal funding and training, and harm readiness, force structure, and unique Guard capabilities. Committee members repeatedly questioned the bill’s legal authority, constitutional basis, and practical effects under the Supremacy Clause and Title 10, and several witnesses were asked to submit additional written legal support.
The committee also heard testimony on H. 3831, which would extend Chapter 115 benefits to currently serving Guard and Reserve members who do not meet federal veteran-status thresholds, and on related proposals to clarify Guard command structure and the duties of the Adjutant General. Supporters said these changes would improve access to benefits, reduce confusion in the chain of command, and strengthen discipline and responsiveness. Separately, the National Guard Association of Massachusetts backed H. 3860/S. 2458, the Guard Enlistment Enhancement Program, as a recruiting tool, while opposing the Defend the Guard bills. No votes were taken during the hearing.
FL
Florida 2025 Regular Session
March 4, 2025 - 01:30 PM
Transcript Highlights:
- vehicle data, which in turn allows DMS to understand when vehicles should be purchased or placed into surplus
- last but not least, the Bureau was responsible for managing the disposal of the state's used and surplus
- And last but not least, the Bureau was responsible for managing the disposal of the state's used in surplus
- that you all know, that money is tied, so we can't move it—like, we can't move a whole bucket of line
- And it was insane how far down the line it was yet to get done.
Summary:
The subcommittee first heard a lengthy Auditor General presentation on the Department of Management Services’ fleet management operations. The audit found major problems with oversight, recordkeeping, policies, fee-setting, purchase and disposal approvals, public auction controls, and FleetWave system access and processing. Key findings included that 2,279 vehicles valued at more than $57 million could not be matched between FleetWave and FLAIR, disposal records were missing or incomplete, user access remained active long after employees separated, and the department had not documented a reasonable basis for its $1.75 per-vehicle monthly fee. Members expressed strong concern about the accuracy of the state’s fleet inventory and the risk of waste or misuse. DMS Secretary Allende said the department concurred with the findings, was working with the Auditor General, and planned corrective actions, including better training, clearer guidance, improved reconciliation, and possible centralization or pilot programs for fleet purchasing and management.
The committee then returned to vacancy discussions with several agencies. The Division of Administrative Hearings said its two long-vacant judges of compensation claims positions had been hard to fill because of low pay and short reappointment terms, but the chief judge said the division could operate without them and offered those positions up as part of a reduction exercise. The Public Service Commission reported 42 vacancies but said statutory deadlines were still being met, though staff workloads and depth of analysis were affected. The commission also said vacancies help it manage salaries within its trust-fund budget. Members questioned whether some of those positions were truly needed given the lack of delays.
The Florida Gaming Control Commission reported 29 vacancies, including a vacant chair that prevented appointment of an inspector general, and said the chair vacancy was a gubernatorial appointment issue. The acting executive director also said the commission’s compulsive gambling prevention program had lapsed after no responsive bids were received for a new contract, but an invitation to negotiate was nearly complete and a new provider was expected soon. The Public Employee Relations Commission reported that its caseload had more than doubled after Senate Bill 256, which increased union recertification work; it said it was meeting deadlines only with overtime and that the workload had not fallen despite decertifications. Members asked for follow-up data on union cases, vacancy needs, and whether some positions across agencies could be reallocated to better match workload.
NH
Transcript Highlights:
- $100 million going to be is the surplus $100 million going to be is the surplus of<00:15:03.759>
- 22, lines 21 and 22, which removes the auditing process, no threshold being met, and lines 12 through
- 22, lines 21 and 22, which removes the auditing process, no threshold being met, and lines 12 through
- 22, lines 21 and 22, which removes the auditing process, no threshold being met, and lines 12 through
- Chair. met and lines 12 through 15 is are met and lines 12 through 15 is are completely<00:26:14.320>
NH
New Hampshire 2025 Regular Session
House Finance Committee Budget Briefing (04/08/2025)
Transcript Highlights:
- somebody says well we have a a surplus somebody says well we have a a surplus of<01:47:08.320>
- the state adequacy grants seen on line the state adequacy grants seen on line three<01:55:46.880
- And I'm going to end up going through, starting at page 19, more on a line-by-line basis, but I want
- by line basis, but I I I want to line by line basis, but I I I want to summarize<02:48:05.760>
these - <03:16:24.239>
item, I think in this particular line item, I think in this particular line
Summary:
The meeting was a House budget briefing focused on the overall state budget and the first of three divisions. The presenter reviewed the size and structure of the budget, noting that the state had eliminated the interest and dividends tax and still balanced the budget. He explained the major spending categories in the general fund and total budget, emphasizing that health and human services and education remain the largest areas, while transportation is largely self-funded. He also walked through the revenue picture, including business taxes, insurance taxes, court fees, communications taxes, and Medicaid recoveries, and said the remaining interest and dividends tax revenue reflected late payments from prior assessments.
Members asked about the size of the tax cut from eliminating the interest and dividends tax, federal funding stability, and why Medicaid was being reduced if federal support was expected to remain steady. The response was that the lost revenue would have been about $200 million absent repeal, and that the budget gap was addressed through many small cuts across departments. On federal funds, the presenter said most aid is tied to multi-year grants and that core programs such as Medicare and Medicaid were expected to remain relatively stable, though some federal reductions could occur. He also said some agency reductions came from eliminating long-vacant, funded positions and from expected lapses.
The discussion then moved into Division One, which covers smaller and miscellaneous agencies. The division made cuts to the governor’s office, eliminated a temporary position at the Governor’s Commission on Disability, reduced Department of Information Technology spending through a back-of-budget cut, and found savings in Administrative Services. It also delayed maintenance at the Sununu Youth Services Center, stopped advertising for paid family medical leave, changed retiree health insurance funding, and consolidated several personnel-related boards into one. The division eliminated the Commission on Aging and the Office of the Child Advocate, made a temporary special education advocate position permanent, reduced the Secretary of State’s budget, kept municipal rooms-and-meals distributions flat, and made changes to the retirement system, including $55 million to improve Group 2 retirement benefits and a new retirement structure for future state hires. The judicial branch was also asked to find savings and received two additional judges because of expected caseload increases from other eliminations.
MN
Minnesota 2025-2026 Regular Session
House/Senate Press Conference 4/8/25
Transcript Highlights:
- At the same time, we also recognize that we do not have an $18 billion surplus.
- Okay, we do not have that surplus. So, we have to work within the means that we have.
- Okay, we do not $18 billion surplus.
- Okay, we do not have<00:18:30.400>
that <00:18:30.640>surplus. - So, we have to work have that surplus.
Summary:
The meeting focused on the financial and workforce crisis facing Minnesota emergency medical services, especially ground ambulance providers in rural areas. Michael Johnson of the Minnesota Ambulance Association said EMS serves more than 600,000 Minnesotans a year and argued that reimbursement rates do not cover the cost of readiness, staffing, and 24/7 response. He and others called for ongoing EMS sustainability funding of about $50 million, higher Medicaid reimbursement, and continued support for EMT/paramedic scholarships, first responder training, and high school EMS programs.
Senator Grant Hoschild and Representative Jeff Backer echoed the urgency, describing EMS as a moral imperative and emphasizing that rural communities cannot wait for ambulances when lives are at risk. Backer, who also volunteers as an EMT, described staffing shortages, reliance on volunteers, and a recent cardiac arrest response to illustrate the importance of local EMS coverage. Becca Hitch of PUM Area EMS said rural services are paid only when patients are transported, not for responding or treating on scene, and that one-time aid helped but did not solve underlying deficits.
Bradley Peterson of the Coalition of Greater Minnesota Cities said local governments that hold ambulance licenses are being forced to absorb unrecovered costs through property taxes, and that state support is needed to prevent service failures and rising local burdens. In response to questions, speakers said a 2023 statewide study found about $120 million in need, with roughly half tied to operational deficits and half to volunteer support; last year’s aid included about $24 million for rural services and some improvements in volunteer call pay and equipment needs. They also discussed a proposed 10% Medicaid increase, possible special tax district ideas, and the need to target any new funding toward rural services most at risk.
FL
Transcript Highlights:
- lines market, which is where this would be a commercial clearinghouse for surplus lines policies in
- And I think we are typically would have or is customary in that in surplus lines market.
- People want to Vacation of places that have picket lines.
- Florida is already on the front lines of climate change.
- This amendment puts the bill in line with the Senate companion.
MO
Transcript Highlights:
- Page 342, surplus property proceeds.
- Back real quick on the surplus property transfer on 347, and it looks like we're maybe selling more surplus
- Can you give us a line item of who gets what, what amounts are in that $22,000 line on the statewide
- item by line item?
- Only real, like, top-of-the-line stuff? Yes.
MN
Minnesota 2025 1st Special Session
Session Daily Update: Review of November 2025 Budget and Economic Forecast Dec 11th, 2025
Minnesota House Floor Meeting
Transcript Highlights:
- The latest figures reflect an expected budget surplus of $2.47 billion for the current biennium, a roughly
- Uh, we have recognized challenges remain over the next four years, but we've grown the surplus.
- Uh, we have recognized challenges remain over the next four years, but we've grown the surplus.
- <00:02:28.480>
a <00:02:28.640>deficit <00:02:29.440>and there will be a surplus - or a deficit and there will be a surplus or a deficit and then<00:02:29.840>
the <00:02:30.080
NM
New Mexico 2026 Regular Session
House - Appropriations and Finance Feb 14th, 2026 at 10:04 am
House Appropriations & Finance
Transcript Highlights:
- Had a surplus of $150-some million.
- It's at the bottom of page four, lines 23, 24, and 25.
- If you want to go ahead and line up.
- Help me across the line.
- We have transmission lines that run through our tribal communities, and we have new transmission lines
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.
CA
California 2025-2026 Regular Session
Assembly Floor Session Jun 25th, 2026
California House Floor Meeting
Transcript Highlights:
- Just a few years ago, with a $98 billion surplus, you would do so.
- Just a few years ago, with a $98 billion surplus, you would do so.
- Just a few years ago, with a $98 billion surplus, you would do so with a massive surplus, but instead
- But our line item right now for veterans services of over $11 billion, but our line item right now for