Video & Transcript : 'nonreverting balance' :
Page 27 of 500
AZ
Transcript Highlights:
- In addition, we can pass a balanced budget and adopt this conformity.
- It can be found, and we can pass this and pass a balanced budget. Representative Blattman.
- You're ready to vote on a budget that isn't balanced. It's based on fantasy.
- I'm opposed to doing it recklessly and without a balanced plan to pay for it.
- I find it surprising that we hear that we need a balance, ...surprising that we hear that we need a balanced
Keywords:
individual income tax, subtraction, Arizona Revised Statutes, retirement benefits, adoption costs, charitable contributions, health insurance, premium payment, Arizona State Retirement System, contingent annuitant, long-term disability, benefits limitations, disability compensation, social security, retirement system, elected officials, ASRS, eligibility waiver, age 65, education savings
FL
Transcript Highlights:
- I would say that we have a balance in the bill.
- So that, to me, is balance.
- But I do believe it's balanced. This is important.
- Chair and members, we have balance in the bill. I know it's a very simple bill.
- And so, you know, the word balance is my goal here: to strike that balance.
Keywords:
places of worship, house of worship, church, mosque, synagogue, religious security, armed security, volunteer security, private security, security guard licensing, licensure exemption, Florida Statutes chapter 493, Class G license, Class C license, security services, faith-based institutions, public safety, military jurisdiction, delinquency, concurrent jurisdiction
Summary:
The committee considered several bills and reported each favorably. SB 624, by Senator Yarborough, would allow batterers intervention programs to offer optional supplemental faith-based activities, with no participant required to take part. Supporters said it would expand provider options and help address a shortage of certified programs; opponents raised concerns about mixing government-ordered programming with religion and about the state’s prior rule change. The bill passed 7-2.
The committee also approved CS/SB 834, which repeals a 2022 restriction barring licensed insurance agents from partnering with health care sharing ministries to market or sell their programs. The sponsor and supporters argued the bill restores free speech, consumer choice, and access to faith-based alternatives, while opponents warned about consumer confusion, higher commissions, and weak protections because these ministries are not insurance. After extended debate, the measure passed 8-2.
Other measures advanced unanimously or near-unanimously. CS/SB 502, as amended, would give Florida concurrent jurisdiction over certain juvenile offenses on military installations so juveniles can be handled in the state system; it passed 9-0. CS/SB 52 would exempt volunteer armed security for houses of worship from Class D or G licensing requirements, and supporters cited rising threats to churches and the need for organized volunteer security; it passed 9-0. SB 840, a cleanup bill to narrow and clarify last year’s emergency-related land-use restrictions after hurricanes, also passed 9-0, and CS/SB 758, which updates the membership of the Justice Administration Commission, passed 9-0 after an amendment restoring two public defenders to the commission.
MN
Minnesota 2025-2026 Regular Session
House DFL Press Conference 3/31/25
Transcript Highlights:
- Um, do you have those, like, um, Senate DFL had their budgetary balance numbers, like the bottom-line
- </c> Senate DFL had their budgetary balance Senate DFL had their budgetary balance numbers<00:20:28.960
- Uh um well then I also have the balance.
- </c><00:21:10.799><c> of</c><00:21:11.120><c> $1.6</c> bianium with a balance of $1.6 bianium with a
- balance of $1.6 billion<00:21:14.159><c> and</c><00:21:14.400><c> we</c><00:21:14.720><c> reduce</c><
Summary:
House Democratic leaders and House Republican leaders announced a compromise set of budget targets reached Friday night, describing it as a numbers-only deal that leaves policy issues aside. They said the targets are the first step in the budget process: House committee chairs will write bills to fit the targets, those bills will go to Ways and Means, and later leaders will negotiate global targets with the governor and Senate. Leaders emphasized that the agreement reflects compromise rather than either party’s ideal budget, and that they will continue talks with Governor Walz and the Senate over the next several weeks.
The speakers highlighted what was not included in the deal, saying it does not target paid family and medical leave, earned sick and safe time, reproductive rights, or universal school meals. They said the House priorities that did make it in include housing, education, pensions, public safety, and transportation. On education, they said the compromise provides $40 million in new money in the first biennium for the READ Act and no cuts in either biennium, contrasting that with larger cuts in the governor’s and Senate proposals. They also said schools could still choose to fund unemployment insurance for school workers from existing resources, though it was not earmarked in the targets.
Leaders said the agreement leaves room for committee chairs to make choices within the targets, including in health and human services, where they described the target as a reduction in projected growth rather than a cut to existing appropriations. They said the budget plan sets aside discretionary inflation adjustments in the first biennium while preserving inflation indexing for items like the K-12 formula. They also said the deal improves the state’s long-term balance, with a projected $1.6 billion balance in the first biennium and a $1.3 billion deficit in the second, and that the House’s numbers do not include the same revenue assumptions as the governor’s and Senate’s plans.
In questions, leaders said conference committees will require majority support from both House and Senate conferees, and that the House will send equal numbers of Democratic and Republican conferees. They said the bonding bill size is still under discussion, but the adopted numbers would allow for roughly a $700 million general obligation bill. They also said large state spending for professional sports facilities is likely over, and explained that the press conference was held without Republican leaders for logistical reasons after the deal was reached late Friday.
WA
Washington 2025-2026 Regular Session
Legislative Republican Leaders Media Availability Jan 13th, 2026 at 01:15 pm
Transcript Highlights:
- Is there any agreement between Republicans and Democrats on how to balance the budget going into this
- It's pretty clear that it's going to be, for the most part, if not all cuts, in order to balance the
- the budget is a really bad idea, and that repealing the four-year balance budget requirement or spending
- It's pretty clear that it's going to be, for the most part, if not all cuts, in order to balance the
- The smaller our ending fund balances, the more we risk losing that.
Summary:
House and Senate Republican leaders held a session-opening media availability on the second day of Washington’s 60-day legislative session, criticizing Governor Bob Ferguson’s State of the State address and previewing their priorities. They said the central issue this session is affordability, and argued the state should respond with less spending, fewer taxes, and less regulation rather than new taxes or expanded government. They also said they expect a major fight over the operating budget, warned against using the rainy day fund or weakening the balanced-budget requirement, and said the state should look for savings in areas where caseloads are down but spending continues to rise, including reducing middle management in state agencies.
A major focus was the governor’s proposal for a tax on high earners, which Republicans repeatedly described as an income tax and said they would oppose. They argued it would eventually expand beyond millionaires, said voters have rejected income taxes repeatedly, and said a constitutional amendment would not pass. They also criticized past tax increases such as the capital gains tax, death tax, document recording fees, and climate-related charges, saying Democrats have not provided meaningful tax relief for working families. Republican leaders said the Working Families Tax Credit is one area where they can support using existing Climate Commitment Act revenue, and they suggested other uses for those funds, including transportation and wildfire prevention.
The leaders also discussed public safety and immigration, saying the governor and Democrats have been inconsistent on federal law enforcement and that coordination between agencies is essential. They said concerns about masked federal agents and immigration enforcement should be left to investigations rather than political conclusions. On child care and DCYF, they said allegations of fraud and waste should be investigated through audits or other oversight, and they rejected the idea that looking into possible fraud is offensive to honest providers. They also said they see potential bipartisan overlap on transportation and housing, but argued the governor’s housing plan relies too much on public spending and not enough on permitting reform, Growth Management Act changes, and energy code changes to increase supply.
TX
Transcript Highlights:
- They help us balance the load. Batteries are DC.
- So the different balancing regions are connected together.
- So we're trying to thread that needle to 5381 strike the right balance.
- That will then build a market that's balanced.
- They keep costs down, but you have to have a balanced portfolio.
Summary:
The Senate Committee on Business and Commerce held its first interim hearing on securing critical infrastructure and supply chain integrity, with a focus on Texas’s electric grid and the Lone Star Infrastructure Protection Act. The chair also highlighted Texas’s relatively low electricity prices and welcomed new committee members. ERCOT, the Public Utility Commission (PUC), and the Attorney General’s office were invited to explain how the state screens market participants and grid equipment for ties to China, Russia, Iran, and North Korea, and how the agencies respond to noncompliance.
ERCOT testified that it has implemented the requirements of three related Senate bills by requiring attestations on corporate affiliations and on critical grid equipment and services. ERCOT said it has processed thousands of attestations, used additional requests for information and third-party verification tools such as Dun & Bradstreet, and terminated nonresponsive market participants. ERCOT also said it has not seen a case requiring direct Attorney General involvement, but it does refer matters to the PUC when needed. The PUC said it can investigate suspected violations and impose penalties of up to $1 million per violation per day, and that most investigations into late or missing attestations have been resolved through compliance, market exit, or removal by ERCOT. The Attorney General’s office said its role is currently limited to audits and court involvement, and that it lacks broad independent investigatory authority under the act.
Members pressed the panel on whether the current system is too reliant on self-reporting and whether it adequately addresses indirect foreign influence, especially through supply chains for batteries, inverters, transformers, and other equipment with routable connectivity. ERCOT acknowledged that the current attestation process has gaps and said it plans to refine definitions of critical grid equipment and grid services, improve information requests, and continue stakeholder rulemaking. The panel also discussed possible legislative changes, including tying prohibitions to the Department of Defense Section 1260H list and the Texas Prohibited Technologies list, clarifying warranty and service access, and expanding the statute to cover grid services more directly. Several senators raised concerns about cost, reliability, and the extent to which foreign-sourced components remain embedded in Texas infrastructure, while others suggested incentives for domestic manufacturing and stronger verification tools, including possible work with national labs such as Sandia.
NH
Transcript Highlights:
- So they thought 300 million, and again they rationalized that, uh, the on the balance sheet liability
- So this is probably more like 7 million on their balance sheet. Thank you, Senator.
- </c> more like 7 million on their balance more like 7 million on their balance sheet<00:05:01.880><c>
- I think we just got to figure out how to balance that a little bit.
- In closing, basically it’s a balanced approach to strengthen ROC’s.
MN
Transcript Highlights:
- It balances a narrow set of urgent and prioritized needs with ideas on how we can reach a balanced budget
- </c><00:26:15.600><c> package</c><00:26:16.000><c> that</c> this is a balanced package that this is a
- with many of the proposals that balanced with many of the proposals that we'll<00:31:03.279><c> be</
- Last year, the legislature did create a reserve fund balance for alternative teacher compensation, or
- Last year, the legislature did create a reserve fund balance for alternative teacher compensation, or
CA
California 2025-2026 Regular Session
Senate Labor, Public Employment and Retirement Committee Apr 8th, 2026
Transcript Highlights:
- And so I think from our perspective, trying to find and strike that right balance.
- And so again, finding that balance is important for us. I don't know if that answers your question.
- SB 978 ultimately strikes the right balance.
- I don't know the other provisions in the bill in terms of balancing the rest of the equities once you
- And it's a tough slog, you know, getting everything to understand and also to strike the balance.
Summary:
The committee heard several bills focused on workplace technology, labor protections, and data center oversight. SB 947, the No Robo Bosses Act of 2026, would require human review before automated systems are used in discipline, termination, or deactivation decisions and would ban predictive behavior analysis in the workplace. Labor groups, worker advocates, and privacy organizations supported the bill, arguing AI can be biased and should not make life-changing employment decisions without human judgment. Business groups opposed it, saying it was broader than prior versions, could interfere with workplace safety tools, and should not include a private right of action or cover independent contractors. After discussion about due process and accountability, the bill passed the committee 3-1 and was sent to the Senate Committee on Privacy, Digital Technologies, and Consumer Protection.
SB 978, the Data Center Community Accountability Act, would require data centers to pay upfront for new transmission or distribution infrastructure, create a separate rate structure so costs are not shifted to other ratepayers, and include skilled-and-trained labor standards for construction. Supporters said the bill would protect ratepayers, create good construction jobs, and encourage zero-carbon energy development. Opponents, including the Data Center Coalition and Silicon Valley Leadership Group, argued the CPUC already has ongoing proceedings on these issues and warned the bill could single out one industry and discourage investment. The committee members emphasized labor standards and community concerns, and the bill passed 3-0 to the Senate Committee on Appropriations.
SB 951, the California Worker Technological Displacement Act, would expand WARN-style notice requirements for layoffs caused by AI or automation, require reporting to workers, local government, and EDD, and give displaced workers first consideration for other openings. Supporters said the bill responds to rapid AI-driven layoffs and would provide needed transparency and data. Opponents said the definitions were too broad, the notice requirements too burdensome, and the bill conflicted with existing WARN law; they also objected to the private right of action and inclusion of independent contractors. The committee discussed amendments clarifying that an employee may still be discharged for reasonable and substantiated cause during the notice period. The bill passed 3-1 to the Senate Committee on Privacy, Digital Technologies, and Consumer Protection.
The committee also approved SB 1032, which would create a licensing and regulatory framework for temporary staffing agencies, and SB 1046, which would direct Cal/OSHA to develop standards to protect lifeguards and park rangers from transboundary pollution in the Tijuana River Valley. SB 1032 drew support from labor and enforcement advocates who said it would help stop staffing fraud, while staffing firms argued the bill was vague and could burden legitimate small businesses; it passed 3-1 to the Senate Committee on Judiciary. SB 1046 was supported by park workers and community groups describing health impacts from pollution and passed 4-0 to the Senate Committee on Appropriations. The committee also took up a consent item, which passed 4-0, and then adjourned.
WA
Washington 2025-2026 Regular Session
House Local Government Jan 21st, 2026 at 08:00 am
Local Government
Transcript Highlights:
- Development is essential, and smart policy can help us balance the pressures of housing development with
- And as you've heard many times, one of the key components of the GMA is that balance, and it's often
- I think that’s the balance of that immediate emergency response, right? The event is happening.
- We caution against eroding that long-standing policy balance reflected in that 10% cap.
- But yeah, so..." "...to look at finding a balance there for how we can help you all overcome some of
Keywords:
urban forestry, local government, environmental policy, tree management, community planning, heat response, counties, public health, emergency management, climate action, crash prevention, traffic safety, roadside regulations, emergency zones, public safety, state legislation, infrastructure, county resources, road construction, maintenance
NH
New Hampshire 2026 Regular Session
House Legislative Administration (04/15/2026)
Legislative Administration
Transcript Highlights:
- and we're trying to get those scales to balance.
- Um but isn't that balanced with that.
- </c><00:33:13.519><c> and</c> years shows that there is a balance and years shows that there is a balance
- . balance. balance.
- </c> to this and kind of what's the balance to this and kind of what's the balance between<00:57:04.960
TX
Transcript Highlights:
- To date, but CRRs were $200 million on a daily balance at ERCOT.
- The bill strikes a good balance.
- And so there's always a balancing act in that regard.
- If we need to amend it to get the right balance...
- The job of this legislature is to find a healthy balance.
Bills:
HB551, HB 1281, HB1378, HB1617, HB2868, HB2881, HB3374, HB4439, HB4726, HB4732, HB4878, HB4914, HB4921, HB4958, HB5200, HB5318, HB5360, HB5402, HB5568, HB5573, HB5623, HJR218
Keywords:
political contributions, address privacy, Texas Ethics Commission, election transparency, campaign finance, international organizations, World Health Organization, jurisdiction, state law, enforcement, United Nations, World Economic Forum, attorney general, Texas attorney general, state sovereignty, legal enforcement, Texas Attorney General, electric energy storage, municipal regulation, county regulation
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Wednesday, September 17, 2025)
US Federal House Floor Meeting
Transcript Highlights:
- I yield the balance of my time.
- </c> the balance of my time. the balance of my time.
- And I reserve the balance of my charge. And I reserve the balance of my time. time. time.
- I yield back the balance of my Speaker. I yield back the balance of my time. time. time.
- I yield back the balance of it's wrong. I yield back the balance of my<08:47:53.520><c> time.
AR
Transcript Highlights:
- Many more are unable to balance their budgets.
- And so I think to Senator Dismang's point, we've got to find that balance where we can grow.
- It's up to us to find that balance.
- It's up to us to find that balance.
- And so, That balance.
Summary:
The Senate Revenue and Tax Committee considered Senate Bill 1, sponsored by Senator Jonathan Dismang, which would continue Arkansas’s phased income tax reductions, lowering the personal income tax rate to 3.7% and delaying the corporate income tax change until the following January. Dismang said the bill was part of a long-running effort begun in 2013 to reduce rates using conservative budgeting and surplus revenue, and he estimated the change would reduce the effective tax burden for a person making $65,000 by about 45%. Committee members supporting the bill emphasized that the measure would not cut state services and argued Arkansas should balance competitiveness with funding essential programs.
Several speakers opposed the bill, including a clergy member/social worker, a parent advocating for disability services, representatives from Arkansas Appleseed and Arkansas Advocates for Children and Families, and a community advocate from the Arkansas Coalition of Marshallese. They argued the state should preserve revenue for public schools, health care, housing, food assistance, early childhood education, and supported living services, citing underfunded schools, a waitlist for pre-K, hospital and child care pressures, and the needs of low-income and vulnerable residents. Some speakers said the tax cuts would disproportionately benefit higher-income taxpayers while providing little relief to working families.
In closing, Dismang said Arkansas could be both compassionate and competitive and that no essential services would be cut because the state is operating with a surplus. After discussion, Senator Dismang moved do pass, Senator Petty seconded, and the committee approved SB 1 by voice vote. The committee then adjourned.
WA
Washington 2025-2026 Regular Session
Legislative Democratic Leaders Media Availability Jan 13th, 2026 at 11:00 am
Transcript Highlights:
- all across our state are suffering because of decisions being made by one man who basically had balances
- We have balances on him at the federal level.
- Back to the budget: before the session, the governor had stated that he would like to balance things
- With the talk of a tax on high-income earners, is the idea of balancing the budget on cuts alone just
- But the task before us right now is to balance the 25-27 budget, and our plan and intention is to do
Summary:
State legislative leaders held a press availability focused on the upcoming session’s priorities, framing the federal government as the main source of pressure on Washington residents’ access to health care, food assistance, housing, and other services. They said the session would center on defending Washingtonians from federal overreach while also addressing affordability, with emphasis on a balanced 2025-27 budget, possible spending cuts, and longer-term tax reform. Leaders also said they expect to pursue measures on housing costs, transportation, child care, preventive health care, and energy/data-center impacts.
A major topic was a proposed “millionaire tax” or income tax on adjusted gross income over $1 million. Leaders said the basic mechanics are largely agreed upon between House and Senate sponsors, though a draft is still pending and stakeholder outreach remains ahead. They described the proposal as part of a broader effort to rebalance the tax code, with some revenue potentially used to reduce more regressive taxes such as property taxes or to support credits for working families and small businesses. They also said any major new revenue would likely not arrive in time to solve the current biennial budget gap, though smaller tax changes and loophole closures could contribute.
The leaders also discussed the House and Senate response to two citizen initiatives, saying the legislature will not hold hearings on them and that they will instead go to voters if certified. They rejected claims that the state constitution requires hearings or floor votes on such initiatives, and questioned the signature-gathering process described by the Secretary of State’s office. Another issue was a public records exemption bill related to child care providers; leaders said they were not tracking it closely but defended broader privacy and safety concerns for child care businesses and families.
The press availability included a lengthy exchange about allegations of fraud and reports of journalists or others knocking on child care doors. Leaders said concerns should be reported to DCYF, the state auditor, or legislative auditors rather than handled by ad hoc visits, and they tied those concerns to broader fears about masked individuals, ICE activity, and public safety. On the budget, they said the rainy day fund is likely to be considered this year, especially if it helps avoid cuts to education, child care, and health care, and noted that federal policy changes could impose significant state implementation costs.
FL
Transcript Highlights:
- Balance.
- Floridians expect checks and balances, not rash or impulsive decision-making.
- And there before us is our goal: finding balance.
- I believe that Floridians are searching for government to be balanced. Yes, efficient and small.
- Balanced. Federalist 62 tells us a good government implies two things.
Summary:
The Senate convened for opening day of the 2026 regular session with prayer, presentation of colors by the Polk County Sheriff’s Office Honor Guard, the Pledge of Allegiance, and a performance of the national anthem by the FAMU Marching 100. The chamber then administered the oath of office to newly elected Senator Ralph E. Misullo, Jr. of District 11, and welcomed a number of special guests, including statewide elected officials, Supreme Court justices, and former Senate leaders and members.
The Senate adopted SCR 1466, which authorized the House and Senate to meet in joint session to receive a message from the Governor, and waived rules to immediately transmit the resolution to the House. The Rules Chair also moved that the Secretary notify the House and Governor that the Senate was convened and ready to begin the 2026 regular session. No substantive legislation was debated; the session was largely ceremonial and organizational.
In remarks, the Senate President reflected on the role of the Senate, the need for balance, deliberation, and checks and balances, and highlighted priorities such as rural Florida, citrus recovery, farmers feeding Florida, rural health care, affordability, low taxes, property tax relief, and fiscal restraint. He also emphasized faith, service, and cooperation. At the end of the session, Senator Gates announced that 52 executive appointments would be considered the next day, and the Senate adjourned until 4:00 p.m. on Wednesday, January 14, 2026, with committee meetings and other business to follow.
WA
Washington 2025-2026 Regular Session
Conference Committee SB 5167 2025-27 Operating Appropriations Apr 26th, 2025
Transcript Highlights:
- So this is the document prepared to facilitate compliance with the four-year balanced budget requirement
- Below that, you'll see the revised appropriations and the near general fund projected ending balance.
- That NGFO projected ending balance represents the funds left to which the four-year balanced budget requirement
- And so if you go all the way to the bottom of this document, you'll see the BSA ending balance.
- And then for public health, there is an adjustment to utilize fund balance and then also to adjust the
Summary:
The conference committee met on Engrossed Substitute Senate Bill 5167, the state operating budget, and received a detailed staff briefing on the proposed conference report. Staff explained how to read the comparison documents, the four-year balanced-budget outlook, and the main resource assumptions, including use of the March 2025 revenue forecast, exclusion of the statutory 4.5% growth assumption, revenue legislation totaling about $8.7 billion, numerous fund transfers, and reversion assumptions. They also noted the proposal does not include a temporary salary reduction or furloughs.
The briefing highlighted major policy areas and their net five-year impacts, including increases for state and higher education employee compensation, K-12 education, long-term care and developmental disabilities, corrections, information technology, and other policy items. It also described net reductions in behavioral health, children/youth/families, higher education, natural resources, other human services, and health care/public health, with many of the changes tied to delayed programs, rate adjustments, fund shifts, and savings options from Governor Ferguson. The committee then heard member comments, with supporters emphasizing K-12 funding and fiscal responsibility, and Senator Gildon opposing the process and the closed-door nature of the budget development.
A motion was made and seconded to recommend adoption of the conference report and pass the bill. The roll call showed one member voting do not recommend, one member excused, and the remaining members recommending adoption. By vote of the committee, the conference report was adopted, and the committee adjourned.
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 2 on Human Services May 18th, 2026
Transcript Highlights:
- And where is the balance, do you believe, in terms of balancing what we know... ...balancing what we
- What does the balance be?
- What is that balanced approach, right?
- And so it is a balance, as you say. It's a difficult balance, but...
- And so it is a balance, as you say.
TX
Texas 89th 2nd C.S.
Appropriations - S/C on Articles I, IV, & V Feb 24th, 2025
Appropriations - S/C on Articles I, IV, & V
Transcript Highlights:
- Item B is a decrease related to unexpended balances carried forward.
- Since we have unexpended balance of the unexpended balance authority to be able to roll that over, we
- Page 9 is a summary of the fund balance. In 2007 we were at $51 million.
- Johnson, to give the balance of our presentation. Thank you. J.R.
- We are in the black finally and we've got a good healthy balance in that fund.
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 3 on Education Finance Feb 10th, 2026
Transcript Highlights:
- The remaining maintenance factor balance at the end of the three-year window is now approximately $584
- now and spending much more than the minimum requirement could throw it out of balance.
- So with those revised transfer amounts, the ending balance in the reserve is a...
- A $4.1 billion balance wouldn't be enough to fully address a significant drop in the guarantee.
- A $12 billion balance probably would be enough to address the first year of a significant drop.
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.
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Revenue Jan 27th, 2026
Joint Committee on Revenue
Transcript Highlights:
- would be a permanent continuation of the tax split home rule passed by the General Court in 2024, balancing
- Just a couple quick questions: what is the balance in stabilization?
- What is the greatest source of that free cash balance? It is, yes. Really large.
- So what is the major source of that free cash balance?
- The number of projects we've been building meant we found ourselves with larger funds on our balance
Bills:
H3012, H4008, H4435, H4444, H4526, H4547, H4574, H4575, H4576, H4577, H4585, H4605, H4687, H4703, H4722, H4754, H4755
Keywords:
fines, property valuation, commercial property, real estate, tax penalties, property taxes, local option tax, marijuana sales, Salem, revenue generation, taxation, recreation, local government, commercial activities, Charlemont, property exemption, disabled persons, Swampscott, senior exemption, property tax