Transcript Highlights:

• Uh finance and public disclosure board.
• As finance and public disclosure board.
• <00:19:44.960> and called, you know, campaign finance and called, you know, campaign finance
• the role is is uh with campaign finance the role is is uh with campaign finance and<00:19:50.000
• They do a really campaign finance board.

Keywords: 1183, house

Transcript Highlights:

• There's no dictated form and no mandatory form of public financing.
• There's no mandatory form of public financing.
• Small-dollar public financing is a proven solution.
• So any city who enacts any sort of public financing or any financing mechanism, it’s up to that city
• “The most progressive public financing mechanism in the country.

Summary: The Assembly Elections Committee met on July 2, 2025, with a quorum present and took up eight agenda items, including four consent bills. The committee first approved the consent calendar, which included SB 280, SB 621, SB 851, and SB 852, all moving forward without objection. The committee then heard several bills from Senator Umberg focused on election administration and campaign finance, along with SB 408 on voter-roll maintenance. SB 249 would require county board of education elections to be consolidated with the statewide general election. Supporters, including the League of Women Voters, argued this would increase turnout and make those elections more representative; opponents, including Orange County education officials, argued it would override local control, increase costs, and add ballot fatigue. The bill passed 5-2 and was re-referred to the Committee on Education. SB 398 would make it a crime to pay or offer contingent payments or other valuable consideration to induce voting or voter registration, closing what supporters described as a loophole involving lotteries and incentives. It passed 5-0 as amended and was re-referred to the Committee on Public Safety. SB 42 would remove the state ban on public financing for campaigns in general law cities and counties, allowing local voters to decide whether to adopt such systems. Supporters from Common Cause, the League of Women Voters, and many local advocates said it would broaden participation and reduce the influence of big money; opponents raised concerns about taxpayer funding, guardrails, and local oversight. The bill passed 5-2 and was re-referred to Appropriations. Finally, SB 408 would require election officials to use U.S. Postal Service change-of-address data to help maintain voter rolls; supporters said it would improve accuracy and trust in elections, while one commenter questioned reliance on postal data. The bill passed unanimously 6-0 and was re-referred to Appropriations. The committee then completed the remaining roll calls and adjourned.

Transcript Highlights:

• and be re-referred to the Committee on Human Services Finance and Policy.
• <00:12:25.639> and the committee on health finance and the committee on health finance and
• <00:12:29.880> and committee on Human Services finance and committee on Human Services finance
• <00:12:59.279> and the committee on health Finance and the committee on health Finance and
• <00:13:03.399> and committee on Human Services finance and committee on Human Services finance

Keywords: 1183, house

Transcript Highlights:

• <00:03:17.760> so or three years have been on finance so or three years have been on finance
• I worked in corporate finance.
• I worked in government finance and uh, you know, here we are working on state finances.
• This is my fourth term in Finance.
• <00:04:53.039> I years I worked in corporate finance I years I worked in corporate finance

Keywords: 1189, house, all

Summary: The Finance Committee met for an organizational opening session in which the chair, Ken Weyler, called the committee to order and members introduced themselves. The introductions established the committee’s leadership and membership, including Vice Chair Dan McGuire, ranking member Mary Jane Wallner, deputy ranking member Karen Eil, clerk Jerry Griffin, and other members from both parties. Many members briefly described prior legislative service and professional backgrounds, with several noting prior experience on Finance or related budget committees. Chair Weyler then outlined committee procedures and expectations. He emphasized that Finance handles spending bills and fiscal notes, that bills will generally be heard by the full committee and then referred to the appropriate division, and that executive sessions may be used to save time when positions are clear. He reviewed rules on attendance, dress, phones, paperwork handling, committee replacements, conflict of interest and recusal, and the process for testimony, including that members should listen without debating witnesses and that sponsors of bills must recuse themselves from questioning witnesses on their own bills. He also described the committee’s structure and workload, noting three divisions and the role of legislative budget staff. Weyler said the committee would likely see bills from many policy committees that have fiscal impacts, and he encouraged policy committees to find offsets within their own areas rather than assume new spending will be added. No bills were heard and no votes were taken during this portion of the meeting.

Transcript Highlights:

• Justin Hurst, Department of Finance.
• George Harris, Department of Finance.
• Elena Powell, Department of Finance.
• Justin Hurst, Department of Finance.
• Finance, welcome. Good afternoon. Again, Devin Mitchell with the Department of Finance.

Summary: The committee heard the May Revision presentation for the Assembly Budget Subcommittee on Education Finance, with public comment focused heavily on K-12 priorities such as universal school meals, kitchen infrastructure, food service and custodial support, youth leadership grants, Special Olympics funding, English learner support, universal pre-K, literacy investments, and concerns about community college funding shifts. Speakers also urged support for expanded learning, teacher recruitment and training, and maintaining or increasing funding for community colleges and student support programs. Finance and the LAO then reviewed the Proposition 98 outlook. Finance said the May Revision lowers the 2025-26 Prop. 98 guarantee to $114.6 billion, about $4.3 billion below January, due mainly to lower revenue estimates, with smaller effects from attendance and property tax changes. The administration also described rebenching for universal transitional kindergarten and a one-time rebench tied to Los Angeles fire-related property tax losses, along with changes to the Public School System Stabilization Account, deferrals, and updated COLA assumptions. The LAO said the budget relies too much on deferrals and one-time funds, creates a structural shortfall, and should instead align ongoing spending with the guarantee and preserve a reserve buffer. Members questioned the TK rebench and the shift of funding from community colleges to K-12, asking why it was being applied retroactively and how colleges would be held harmless. Finance said the changes align funding with where TK costs are being incurred and that reappropriation funding and other adjustments would offset impacts on community colleges. The LAO argued the historical split formula is outdated and should be abandoned in favor of budgeting around current priorities rather than fixed percentages. Members also raised concerns about draining the rainy day reserve and using deferrals, while the LAO said preserving reserves would better protect against future volatility. The committee then moved to specific K-12 and education proposals. Finance outlined May Revision changes including state operations adjustments for the Department of Education, technical trailer bill changes, a $100 million student teacher stipend program administered by Kern County, and updates to the charter school facility grant program. The LAO recommended rejecting the proposed increases for expanded learning, literacy coaches, and the student teacher stipend as currently structured, while supporting the minimum grant increase for expanded learning. Members expressed support for teacher recruitment efforts but questioned whether one-time funding can sustain ongoing programs and whether the student teacher stipend should be targeted to shortage areas or low-income communities.

Transcript Highlights:

• I also like to thank our staff on the Finance Committee.
• I also like to thank our staff on the Finance Committee.
• working on special projects for finance working on special projects for finance and<00:43:11.520
• I'd also like to thank the honorable Finance Chair, Vice Chair, and the finance staff who are here today
• express my gratitude to the finance express my gratitude to the finance chair<01:19:49.880> Vice

Keywords: 910, house, all

Transcript Highlights:

• Justin Hurst, Department of Finance.
• Elena Powell, Department of Finance.
• Justin Hurst, Department of Finance.
• Department of Finance.
• Finance, welcome. Good afternoon again, Devin Mitchell with the department. of Finance.

Keywords: 988, house, all

Transcript Highlights:

• that the finance or the finance cabinet. that the finance or the finance cabinet.
• KSP was pointing at finance and finance was pointing at KSP.
• counsel of finance. counsel of finance.
• c> cabinet >> from finance agree from finance cabinet >> from finance agree from finance
• when it came to finance. when it came to finance.

Keywords: Call to Order and Roll Call- 00:00:01 Staff Report on Statewide Emergency Responder Voice System- 00:01:09 Kentucky State Police and Finance and Administration Cabinet Response to Staff Report- 00:48:37 Adjournment-01:34:512, 958, all

Summary: The committee heard a staff report on Kentucky’s statewide emergency responder voice system (SERVS), a multi-phase project intended to improve interoperable radio communications for first responders. Staff said Kentucky State Police did not appear to have violated statutes or regulations, but the project lacked an overall master plan, clear milestones, and consistent documentation, which contributed to delays, spending issues, and deployment problems. The report recommended updating the Kentucky Field Operations Guide to reflect SERVS and noted that the project has been funded in phases since 2018, with appropriations totaling roughly $216 million across 2018, 2020, 2022, and 2024, while about $109 million had been spent by the end of fiscal year 2025. The report raised concerns about project sequencing and oversight. Staff said most spending was concentrated in special mobile equipment, with Motorola accounting for about two-thirds of all SERVS expenditures and the top four vendors making up 81 percent of spending. They also said a sample of Motorola payments suggested possible late payments, though they could not confirm whether interest was paid. Staff criticized the use of master agreements for a project of this size, the lack of a centralized ledger, and the absence of a documented timeline or risk mitigation plan. They recommended stronger procurement and planning requirements, including possible legislative changes requiring approved master plans for large capital projects and additional funding conditions tied to SERVS master agreements. Land acquisition and deployment progress were identified as major bottlenecks, especially in Eastern Kentucky. Staff said the project began in western Kentucky using existing tower sites, but the remaining work is concentrated in harder-to-acquire areas, with more than 95 percent of new towers still incomplete. They said the Division of Real Properties did not begin formal contract work on acquisition until October 2024, despite earlier coordination, and recommended earlier consultation on future projects. Staff also noted that the Kentucky Wireless Interoperability Executive Committee had not been active in oversight, and survey results showed limited awareness and involvement among first responders. Committee members agreed that the lack of an initial implementation plan and the continuing need for funding reflected broader planning problems, and they discussed the need for a clearer end-to-end game plan rather than continuing to fund the project without a defined completion path.

Transcript Highlights:

• Yeah, we have a Senate Finance.
• President, and that’s why Senate Finance is still upstairs.
• Senator Woods, you also are a member of Senate Finance.
• A yes would send it to Senate Finance.
• Then the Senate Finance Committee. Senate Bill 99.

Keywords: 996, all

Transcript Highlights:

• The Assembly Banking and Finance Committee is now called to order.
• Nico Molina, on behalf of Capitas and Rapid Finance, with the tweener position.
• Terrell and Veal Hunter, on behalf of the Revenue-Based Finance Coalition.
• Over time, these financing costs can consume a significant share of project budgets.
• It's an amazing wonder of our finance system.

Keywords: 988, house, all

Summary: The Assembly Banking and Finance Committee met and first approved the consent calendar, sending AB 2028, AB 2425, and AB 2795 to the Assembly Appropriations Committee. The committee also announced that AB 2558 and AB 2746 had been pulled from the agenda. The chair reviewed committee rules on written testimony and decorum before proceeding through the file order. AB 2116, which would regulate merchant cash advance and related small-business financing products under the California Consumer Financial Protection Law, drew strong support from the author and advocates who said it would close oversight gaps, require registration, prohibit confessions of judgment and power-of-attorney provisions before default, and improve transparency for small businesses. Supporters included small business advocates, consumer groups, local officials, and community organizations. Opposition from the Revenue-Based Finance Coalition argued the bill mixed consumer and commercial regulation, used inconsistent definitions of small business, and could restrict access to capital; they said amendments were being discussed. The committee passed AB 2116 to Appropriations. AB 2243, by Assembly Member Haney, would create a state bank commission to study whether California should establish a state bank or other public financing tools. Supporters said the state pays billions in interest to private lenders and could better use public funds for housing, infrastructure, climate, and small business lending. Opponents from the banking and credit union sectors raised concerns about taxpayer exposure, deposit guarantees, use of public funds, and the bill’s implications for existing financing structures. After discussion, the committee passed AB 2243 to Appropriations on a roll call vote, with some members voting no. AB 2350, as amended, would set guardrails on rent-now-pay-later products tied to rental housing to prevent predatory fees, high interest, and eviction risk for renters. The author and supporters emphasized the bill’s consumer protection goals, while industry representatives opposed it unless amended, saying they had not seen final language and wanted the bill narrowed to avoid broader impacts on the financial services sector. The committee passed AB 2350 as amended to Appropriations. At the end of the meeting, the committee completed roll calls for absent members and then adjourned.

Transcript Highlights:

• Senate Bill No. 467, introduced by the Committee on Finance, revises provisions relating to cybersecurity
• Senate Bill No. 467, introduced by the Committee on Finance, revises provisions relating to cybersecurity
• Senate Bill No. 455, introduced by the Committee on Finance, reorganizes certain divisions within the
• Senate Bill No. 477, introduced by the Committee on Finance, makes an appropriation to and authorizes
• Senate Bill 480, introduced by the Committee on Finance, makes an appropriation to the Office of Finance

Keywords: 909, all

Transcript Highlights:

• > and the committee on agriculture finance and the committee on agriculture finance and policy
• It referred to state government finance.
• c> and the committee on housing finance and the committee on housing finance and policy.<00:29:53.039
• the Committee on Children and Families Finance and Policy.
• I recognize a health finance and policy.

Keywords: 1183, house

Transcript Highlights:

• terms of it being a debt financing terms of it being a debt financing mechanism<00:22:33.880>
• But most of the rest of transit finance has evolved differently from highway finance, in that it is not
• But most of the rest of transit finance has evolved differently from highway finance, in that it is not
• But most of the rest of transit finance has evolved differently from highway finance, in that it is not
• finance evolved differently from Highway finance and<00:31:52.159> that<00:31:52.320> it

Keywords: 1183, house

Summary: The Transportation Working Group met on January 15, 2025, with Chair John Kosnik opening by saying the committee expected to pass a transportation bill this year and emphasizing efficient use of transportation revenues, maintenance of roads and transit, and safety. Members and staff introduced themselves, and several representatives noted their interest in roads, bridges, and regional transportation needs. Kosnik also said he had spoken with Representative Kel about leadership arrangements and stressed that bipartisan support would be needed for a transportation bill. House Fiscal Staff’s Andrew Lee and House Research’s Matt Burus then gave an overview of transportation finance, focusing mainly on highways and transit. Burus explained Minnesota’s highway funding structure, including the constitutional Highway User Tax Distribution Fund and the related Trunk Highway Fund, County State-Aid Highway Fund, and Municipal State-Aid Street Fund. He reviewed the main revenue sources: the motor fuels tax, motor vehicle registration tax, motor vehicle sales tax, portions of the general sales tax tied to auto parts, vehicle rentals and leases, and the retail delivery fee. He noted several changes from 2023 legislation, including indexing of the gas tax, creation of the Transportation Advancement Account, and the retail delivery fee, which began in July 2024 and therefore would affect fiscal year 2025 rather than the fiscal 2024 data shown. The presentation also covered how highway dollars flow through constitutional formulas, including the 95/5 split from the Highway User Tax Distribution Fund, with the 5 percent set-aside used for town roads, town bridges, and flexible highway purposes such as turnbacks. Burus distinguished trunk highway bonds from general obligation bonds and explained that both are debt-financing tools for transportation projects, but with different repayment sources and uses. No votes or formal actions were taken at this informational meeting.

Transcript Highlights:

• Senate Bill 48, introduced by Senator Stewart, an act relating to public finance, creating the community
• Senate Bill 49, introduced by the Finance Committee.
• Conservation Committee, then Senate Finance Committee. That's Senate Bill 49.
• I did get to ask some questions in the finance committee, and I appreciate the answers that I got.
• Senate Bill 79, having been ordered printed and referred to the Senate Finance Committee.

Transcript Highlights:

• Representative Fryberg moves that House File 1478 be recalled from the Committee on Elections Finance
• and Government Operations and be re-referred to the Committee on State Government Finance and Policy
• and policy I recognize the finance and policy I recognize the member<00:11:42.000> from<00:11
• committee on state government finance committee on state government finance and and and policy<00
• <00:13:00.959> committee the state government finance committee the state government finance

Keywords: 1183, house

Transcript Highlights:

• This bill has been reported to Finance in each of the last two years.
• This bill has been reported to Finance in each of the last two years.
• It was reported to Finance by this committee.
• to Finance.
• This bill was reported to Finance in 2024 and 2025.

Keywords: 993, senate, all

Summary: The Senate Committee on Housing, Construction and Community Development met on February 10 and reviewed a largely recurring housing agenda, with the chair noting the meeting had been moved to Tuesday because of train delays and that a housing budget hearing was scheduled for February 25. Several bills were taken up that had passed the Senate in prior sessions or had been reported before, including measures on manufactured home park rent increases, first-home savings and grant programs, a mobile/manufactured home replacement program, closing-cost assistance for low-income tenants, protections against eviction for certified medical marijuana use, senior and disabled persons protections, fire code and housing standard penalties, a Manufactured Home Community Preservation Act, a public housing painters apprenticeship program, veterans with service-related disabilities receiving preferences in affordable homeownership programs, and a senior housing task force. One bill on an affordable independent senior housing assistance program was held at the sponsor’s request. Testimony and discussion were limited, with most bills moving on sponsor motions and seconded by other senators. There was brief clarification on the closing-cost assistance bill that it was intended for renters in public or subsidized housing, not people living with parents. Senators generally supported the measures, though some members voted in the negative or to advance without recommendation on several bills. Actions taken included reporting multiple bills either to the floor or to the Finance Committee. Among those reported to the floor were the manufactured home park rent bill, the medical marijuana eviction protection bill, the senior/disabled persons bill, the fire code and housing standards penalties bill, the veterans homeownership preference bill, and the senior housing task force bill. Bills on first-home savings, manufactured home replacement, closing-cost assistance, the first-home grant program, the Manufactured Home Community Preservation Act, and the public housing painters apprenticeship program were reported to the Finance Committee. The committee then adjourned.

Transcript Highlights:

• and Policy and be re-referred to the Committee on Elections Finance and Government Operations.
• and Policy and be re-referred to the Committee on Elections Finance and Government Operations.
• > and the committee on elections finance and the committee on elections finance and government
• Policy and be re-referred to the Committee on Human Services Finance and Policy.
• This bill is an appropriation to the Campaign Finance Board, so it should be within the Election Finance

Keywords: 1183, house

Transcript Highlights:

• Committee substitute for House Bill No. 381, Finance, by the House Finance Committee, entitled: An Act
• I made many thanks in Finance.
• There was further good work in the Finance Committee.
• The co-chairs, Finance Committee as well, put a ton of effort over the work... ...the co-chairs, Finance
• . ...the Finance Committee.

Keywords: 905, all

Transcript Highlights:

• Department of Finance.
• Department of Finance.
• Department of Finance.
• Department of Finance. Department of Finance. Matthew Perky, Department of Finance.
• Department of Finance. Matthew Perky, Department of Finance.

Keywords: 988, house, all

Summary: The subcommittee met to review May Revision proposals for several departments and emphasized that no votes would be taken that day. The Legislative Analyst’s Office opened with a warning that the state budget is balanced only through one-time resources and still has structural deficits, recommending that the Legislature avoid new ongoing spending and instead preserve reserves and other solutions. The Judicial Council then presented proposals for language access and interpreter services, appellate court security, a backfill to the state court facilities construction fund, and an extension of the lactation-room mandate; Finance supported the language access item with reporting language and supported keeping the court facilities backfill. Members raised concerns about judicial pay freezes, judge vacancies, and uneven judge allocations across counties, and also asked about the cost and completion of courthouse lactation rooms and remote-hearing infrastructure. The Board of State and Community Corrections items focused on $10 million one-time grants for missing and murdered Indigenous people and for a human trafficking vertical prosecution program. The LAO suggested the Legislature consider whether the Tribal Nations Grant Fund could support the MMIP work, while Finance said it preferred General Fund support and wanted more review before any fund swap. On the human trafficking grant, Finance said the need was clear based on reported cases and California’s share of hotline reports. Members strongly supported MMIP funding and discussed whether ongoing funding would be needed beyond the one-time proposal, while also debating whether BSEC or OES should administer the prosecution grants. The Department of Justice presented antitrust litigation funding, Medi-Cal fraud and elder abuse staffing, organized retail criminal enterprise case completion, and a continuous appropriation for the Victims of Consumer Fraud Restitution Fund. The LAO raised concerns about the Unfair Competition Law Fund’s solvency and recommended rejecting that portion unless DOJ could show the fund could support it without General Fund repayment, and it opposed the continuous appropriation in favor of more legislative oversight. Finance said the fund would remain solvent under current projections and defended the continuous appropriation as necessary to pay victims promptly. Members also clarified that the Medi-Cal fraud unit targets providers, not beneficiaries, and asked about delays in restitution payments. A lengthy portion of the hearing covered CDCR’s May Revision package and the Boston Consulting Group cost-savings effort. CDCR described revised savings from workforce optimization, workers’ compensation, and procurement, but members repeatedly expressed frustration that the promised savings had fallen far short of earlier estimates. The LAO recommended deeper cuts to some parole positions, more detail on proposed eliminations and contract changes, and caution about counting unallocated future savings. CDCR also presented population projections showing continued declines and the LAO again urged the administration to close a prison to reduce ongoing costs. The committee also heard proposals on workers’ compensation, Corcoran honor housing, incarcerated firefighter pay, agricultural food purchasing requirements, menopause care, mental health receiver staffing, resource teams, crisis intervention teams, medical classification staffing, and AI note-taking in electronic health records, with the LAO generally recommending limited-term approvals and reporting requirements while Finance defended ongoing funding and said it was open to additional reporting language.

Transcript Highlights:

• It is the state's affordable housing finance agency.
• First, I'd like... finance corporation.
• It is the state's affordable housing finance agency.
• And we say it's finance, finance, finance, finance.
• And we say it's finance, finance, finance, finance.

Summary: The committee met to hear a panel on workforce and attainable housing, with presentations from Florida Housing Finance Corporation, Pensacola Habitat for Humanity, Wendover Housing Partners, the City of Tallahassee, and Escambia County. Speakers described how state and local tools such as SHIP, the Live Local Act, land trusts, accessory dwelling units, infill development, and public-private partnerships are being used to expand housing supply and preserve long-term affordability. Several panelists emphasized that housing demand is rising across income levels, that workforce households often need subsidy to buy or rent, and that housing location, transportation access, and proximity to jobs and services are critical. They also highlighted challenges including rising construction costs, limited land, insurance, NIMBY opposition, and the need for more flexible financing tools and employer participation. Members asked about area median income thresholds, whether current programs are reaching the households most in need, and what additional tools might help. Florida Housing said its traditional rental programs generally serve households at or below 60% AMI, while need is increasingly reaching up to 80% AMI statewide and higher in some regions; staff also provided examples of AMI levels by county. Other discussion focused on the impact of local government opt-outs, tax abatements, corporate ownership of single-family homes, insurance costs, Fortified construction standards, and whether bonuses or other income calculations can unintentionally disqualify applicants. Panelists urged more political will, more local flexibility, and additional incentives for employers and landowners to support housing near jobs. The committee also used an anonymous interactive polling exercise, and members identified partnerships, SHIP funding, local government action, cost, and insurance as key issues. In closing, the chair said the committee would continue a member-driven process and likely hold a workshop on housing-related topics. No formal votes or bills were taken up in the meeting, and the session adjourned after the discussion.