Transcript Highlights:

• The more we grow, the more businesses we have, the more revenue we'll get.
• This bill creates a standard $7,500 deduction when calculating income.
• Under this bill, up to $6,000 a year will be deducted when calculating income.
• Under this bill, up to $6,000 a year will be deducted when calculating income.
• for the purposes of calculating the real estate excise tax.

Summary: The Senate considered and passed a series of tax, economic, judicial, education, and health-related bills, often after adopting technical or clarifying amendments. Major measures included Engrossed Senate Bill 6347, which restores recent estate tax changes while preserving last year’s increase in the exclusion amount and inflation adjustment; Substitute Senate Bill 6289, directing the Department of Commerce to create a statewide economic development and competitiveness strategic plan; and Engrossed Substitute Senate Bill 6162, expanding and simplifying senior citizen property tax relief. Senators supporting these bills emphasized tax administration, economic growth, and relief for seniors, while opponents raised concerns about regressivity, revenue losses, and tax shifts to other taxpayers. The chamber also passed bills extending or clarifying tax preferences and fees, including Senate Bill 6244 (extending a hazardous substance tax exemption for agricultural crop protection products), Engrossed Substitute Senate Bill 6113 (technical corrections to Department of Revenue tax law guidance, after removing a disputed section on advertising tax invalidation), Senate Bill 6114 (defining “fixture” and “affixed” for real estate excise tax purposes), Senate Bill 5970 (making a senior citizen center property tax exemption permanent), Senate Bill 5832 (raising the motor vehicle arbitration fee to support the Lemon Law program), and Engrossed Substitute Senate Bill 6262 (expanding the vehicle weight threshold for transportation benefit district fees). Debate on these measures centered on whether they were modest administrative updates or additional burdens on taxpayers and businesses. Several non-tax bills also advanced. Engrossed Substitute Senate Bill 6086 strengthened security for judicial officers and court personnel, with amendments clarifying terminology and adding industrial appeals judges to the definition of judicial officers. Substitute Senate Bill 5961 transferred early literacy programs, including Dolly Parton’s Imagination Library and Reach Out and Read, from DCYF to OSPI. Senate Bill 5868 added one superior court judge each in Skagit and Yakima counties, and Substitute Senate Bill 5923 reclassified a Skagit County hospital as a critical access hospital to improve reimbursement and help it remain viable. The Senate also passed Substitute Senate Bill 5520, revising the Wrongly Convicted Persons Act to improve compensation procedures, despite debate over whether to include civil detention-related claims. Most bills passed by constitutional majorities, with a few recorded nays and one division vote on an amendment; the Senate then adjourned until the next scheduled session.

Transcript Highlights:

• These auctions bring in revenue to the state, which is then distributed to five different accounts that
• in one of two ways, depending on Ecology's projected revenue for the year.
• would not be a net change in that revenue.
• is being spent, and the results that revenue produces.
• the assessments to be included in the proportional share calculation for the total assessment.

Summary: The House Appropriations Committee held public hearings on three bills. House Bill 2251, sponsored by Rep. Fitzgibbon, would reorganize Climate Commitment Act revenue accounts by repealing several existing accounts and creating new operating and capital accounts, changing how auction proceeds are distributed when revenues are above or below a set threshold, broadening some tribal and overburdened-community spending language, adding electric vehicles and certain housing uses, capping Ecology administrative costs, and moving some reporting from annual to every two years. Supporters said the bill would simplify a confusing account structure and improve predictability, while opponents criticized the reduced reporting frequency and said it could weaken accountability. No vote was taken. House Bill 2254 would adjust the funding model for the Partnership Access Line and related behavioral health consultation programs by allowing the cost of the third-party administrator to be included in the carrier assessment rather than paid from general funds. Committee staff said this would produce general fund savings, and testimony from HCA, UW Medicine, Seattle Children’s, and others supported the bill as a technical fix that would stabilize the programs and potentially free up funds to restore service levels. No vote was taken. House Bill 2385 would extend deadlines and the expiration date for the Medicaid Access Program created last session, after federal HR1 restrictions prevented implementation of the original program and provider assessment. The bill would push out CMS submission deadlines, update the rate-setting reference year, and extend the act’s sunset date. The sponsor and the Washington State Medical Association supported the bill as necessary to preserve the option of pursuing the program later. The committee took no action and adjourned after the hearings.

Transcript Highlights:

• The low estimate uses the first seven months of actual revenue and then adds planned revenue to it, so
• calculated calculated that<00:39:20.599><c> 199</c> point4<00:39:25.720><c> okay</c><00:39:26.640><c
• Did somebody calculate that?
• Revenue coming up with a transfer number Revenue coming up with a transfer number that<01:06:02.680><
• </c><01:06:07.000><c> get</c> to go to so you take 25's Revenue get to go to so you take 25's Revenue

Summary: The committee met in a work session on revenue estimates and reviewed updated spreadsheet pages for several tax categories, using prior agreements and new testimony to refine FY 2025-2027 estimates. Early discussion covered insurance tax estimates, where members reviewed a letter from the insurance commissioner saying he was comfortable with the numbers provided; the committee accepted those estimates without opposition. Members also discussed utility property tax, with testimony about recent infrastructure buildout, tariffs, depreciation, and the difficulty of forecasting future growth. After debate over whether to use the average of high and low estimates or lean lower, the committee unanimously adopted the utility property tax numbers. The committee then turned to real estate transfer tax and communications tax. For real estate transfer tax, members cited county input, housing market conditions, interest rates, lumber costs, and uncertainty about future policy; they agreed to use the averages and adopted those estimates unanimously. For communications tax, members noted the decline in landline-based revenue and the shift to data services. After discussion of whether to use the low estimate or the average, the committee settled on the average with a small rounding-down adjustment when the figure ended in .5, and adopted the numbers unanimously. The chair also clarified that these estimates remain subject to change until the final resolution is adopted. The committee next accepted interest and dividends estimates as presented, with members noting the decline in that revenue source and the lack of additional information beyond the department’s analysis. Finally, the committee began discussing tobacco tax revenue, with members noting long-term declines in smoking, offsetting effects from out-of-state sales, and a suggestion to take a slightly conservative approach by reducing the average by 0.5. The transcript cuts off during that discussion, so no final vote on tobacco is shown in the excerpt.

Transcript Highlights:

• </c> over our most recent revenue estimate. over our most recent revenue estimate.
• </c> reflects their revenue estimates. reflects their revenue estimates.
• </c> revenue that comes in, right? Yes. Yeah. revenue that comes in, right? Yes. Yeah.
• I mean, their calculation is what their calculation is.
• </c> revenue sharing with cities and towns. revenue sharing with cities and towns.

Summary: The Committee of Conference on HB 1 and HB 2 met to review revenue estimates and begin working through the HB 1 detail change sheet. New Hampshire Lottery Director Charlie McIntyre reported stronger-than-expected lottery performance, raising the current-year return estimate to $27 million and the next biennium estimate to $200 million, with the increase attributed to improved scratch ticket sales and sports betting not hurting revenue as much as expected. Members questioned the assumptions behind the higher estimates, including the impact of $50 scratch tickets and whether the figures accounted for future conversion from historical horse racing (HHR) machines to video lottery terminals (VLTs). McIntyre and committee members discussed machine counts, per-day revenue assumptions, and the likelihood that VLT conversion would increase revenues over time, though the timing and pace of conversion remained an open question. The committee also discussed several gaming-related policy items in HB 2, including changes to kino hours and local option games of chance, and noted that the Senate and House differed on how gaming revenues would be allocated between charities, education, and general funds. Members emphasized that revenue projections should remain conservative because operators, not the state, would control the pace of machine conversion. Representative Sweeney noted that operators could earn more per machine under the VLT model, and McIntyre said the new facilities and expansions were largely concentrated near the Massachusetts border. The committee then moved to the HB 1 detail change sheet. It agreed to Senate position on the Department of Safety’s road toll bureau and international registration program changes, which were described as a zero-cost realignment of positions, and held the Department of Corrections section for later discussion. On the judicial side, members approved a technical footnote fix, but held a new contract counsel item for involuntary mental health admissions and deferred discussion of the public defender program increase. The committee also noted no change for the PE development authority, moved safety rest area funding from HB 2 into HB 1 with no additional cost, and flagged the tourism development fund and other judicial items as issues that may depend on overall available revenue.

Transcript Highlights:

• And so the money was then free to use in the general revenue fund.
• We usually look at that as a percentage of the general revenue.
• Into general revenue, like from the dock stamps this year and from the Indian gaming revenue share this
• I can tell you how this was calculated.
• I can tell you how this was calculated.

Committee: Senate Appropriations

Summary: The committee met to receive Amy Baker’s presentation on Florida’s long-range financial outlook for fiscal years 2026-27 through 2028-29. Baker said the forecast assumes continued but moderating economic growth, with Florida GDP slowing from recent highs, personal income remaining above average, wages continuing to rise faster than job growth, and population growth eventually slowing as the state approaches 2030 and the baby-boomer cohort fully ages into retirement. She also highlighted weakening housing and real-estate-related revenue, especially documentary stamp collections, along with low consumer sentiment as signs of caution in the outlook. Baker explained that the state’s near-term general revenue picture improved largely because of legislative actions taken in the prior session, including contingency releases, reversions, and other budget adjustments, rather than from major new revenue growth. She said reserves remain strong at nearly $15 billion, or just under 30% of general revenue, with the budget stabilization fund at its constitutional maximum. The main spending pressures identified were critical needs and other high-priority needs, led by a new recurring transfer to the emergency preparedness and response fund and by Medicaid, where rising service costs and medical inflation—especially behavioral analysis costs in managed care—are driving higher expenditures despite lower caseloads and a slightly better federal match. Members questioned the accuracy of the forecast, the Medicaid cost drivers, the treatment of the governor’s emergency fund, federal funding assumptions, and whether recent federal legislation was reflected in the numbers. Baker said the outlook assumes current federal funding paths continue, that the new federal tax/revenue law had not yet been fully incorporated because agencies were still reviewing it, and that the emergency fund line was calculated from recent appropriations without distinguishing specific uses. She also said the vetoed $750 million did not affect the budget stabilization fund because it reverted to unallocated general revenue. No bills were heard, no votes were taken, and the committee adjourned after the presentation and discussion.

Transcript Highlights:

• We have no other revenue streams because our enabling legislation limits that to only ad valorem. revenue
• I looked at the tax calculator myself.
• It also removes the requirement that the Department of Revenue build a public website with a calculator
• I've been told by phone a friend that actually the Department of Revenue helps calculate that correct
• But on Friday, it looks like it goes to the Department of Revenue, where they have some special calculator

Summary: The Committee on Appropriations took up SJR 2-F, a proposed constitutional amendment to reduce property taxes by lowering assessment caps on non-homestead property, expanding homestead exemptions over time, and allowing local governments to increase exemptions further. The sponsor argued the measure would provide broad property tax relief while requiring revenues to be directed to core services such as public safety, education, infrastructure, and natural resource projects, with a trust fund intended to help local governments transition. Senators raised concerns about the lack of a fiscal score, the effect on counties, cities, school districts, and special districts, and whether the proposal would shift costs to fees or other taxes. Several amendments were debated. Senator Polsky’s amendment to explicitly authorize user fees and non-ad valorem assessments to offset lost property tax revenue failed. Senator Avila’s amendment broadening permissible uses of ad valorem revenue to include county constitutional officers and other expenditures approved by local governing bodies was adopted after debate over whether the bill would otherwise underfund essential functions. Senator Smith’s sunset amendment, which would have made the constitutional changes expire after five years, failed. Senator Smith’s amendment to allow tourism development tax revenue to support public safety and education also failed. Senator Graal’s amendment removing the constitutional trust fund language was adopted, with supporters arguing the Constitution should not promise an unfunded account. Additional late-file amendments were considered. Senator Berman’s proposal to change the ballot title to more neutrally describe the measure as affecting property taxes and local community service reductions failed. Senator Trumbull’s amendment removing school board ad valorem taxes from the proposal was adopted, preserving school taxes. Senator Smith’s amendment narrowing the non-homestead assessment cap reduction to small businesses only failed. The committee then returned to the bill as amended and continued questioning the sponsor about eligibility, fiscal impacts, and whether the proposal could lead to local governments offsetting lost revenue through special assessments or other charges.

Transcript Highlights:

• House Bill 2153 conforms state statute to the Internal Revenue Code as of January 1, 2026, including
• Gras, on top of the Department of Revenue, what the Department of Revenue did with the assumption of
• So, again, the Department of Revenue didn't do anything wrong. Let me just say that.
• The Department of Revenue always assumes that. Please explain above the line. Right.
• the Department of Revenue, I'm not aware that it's ever happened.

Summary: The caucus focused on HB 2153, a tax conformity bill that would align Arizona statute with the Internal Revenue Code as of January 1, 2026, including retroactive provisions affecting tax year 2025. Staff explained that the bill excludes three federal provisions from H.R. 1: the additional $6,000 senior deduction, the increase in the state and local tax (SALT) deduction to $40,000, and the deduction for interest on new car loans. It also adds several Arizona-specific provisions, including a $6,000 deduction for certain retirement distributions for taxpayers age 65 or older, a $6,000 deduction for Roth IRA contributions, an increase in the dependent tax credit from $100 to $125, and a deduction for child and dependent care expenses above the federal credit. JLBC’s fiscal note was cited as a negative $441.3 million in year one, declining over the next two years. Chairman Livingston and other Republican members argued the bill was needed immediately because the Department of Revenue had already issued tentative forms assuming full conformity, creating confusion for taxpayers and businesses. They said the state needed a signed law as soon as possible to avoid amended returns, inconsistent filing rules, and uncertainty for small businesses. Livingston emphasized that the bill was intended to protect small businesses from having to keep two sets of books and said he was advising taxpayers not to file until the issue was resolved. Members also discussed the practical impact on small businesses, citing testimony that Arizona has about 700,000 small businesses employing well over a million people. Several exchanges clarified the difference between the governor’s November direction to the Department of Revenue and the bill before the committee. Staff explained that DOR normally assumes “simple conformity” and that the governor’s directive attempted to add “below-the-line” deductions through a worksheet, but that those items still require statutory authorization. Members said the governor’s action was confusing and characterized it as a press release rather than binding law. The committee also discussed the child care provisions, describing them as a federal-style deduction Arizona has not previously adopted and as one of the main new benefits in the bill. The caucus ended without a vote, and members were told the floor would begin at 10 a.m.

Transcript Highlights:

• General Fund revenue typically is the most important input affecting the calculation of the Proposition
• And the revenue picture right now is deeply unsettled.
• It could be combined with revenue increases, depending on your preferences.
• So we did our most recent revenue update in February, and based on that, uh We did our most recent revenue
• “So revenue is going down while costs are escalating.

Transcript Highlights:

• That's not revenue of the Commonwealth.
• count and other types of revenue do not.
• the rise in revenue versus wage growth.
• Number one, this is revenue, unmistakably. We collect it, we spend it.
• And when we say that revenue isn't revenue, we have a serious problem.

Summary: The Senate took up a higher education capital bond bill, House 4769, and considered a long series of amendments focused largely on campus facilities, housing, and related policy issues. Many amendments were adopted, including funding or project language for MassBay Community College HVAC and window replacement, Massachusetts Maritime Academy, Springfield Technical Community College, Cape Cod Community College nursing/allied health expansion and housing-related land use, Worcester State University and Quinsigamond Community College, Middlesex Community College, Salem State’s Sullivan Building, Roxbury Community College’s Center for Economic and Social Justice, UMass Boston’s Manning College of Nursing and Health Sciences, and several Massachusetts State College Building Authority updates. Some amendments were rejected, including proposals on a sustainable hand hygiene incentive program, unlocking housing on surplus land, a Senator Bill Owen Center designation, Urban College of Boston, and a board membership change. A number of amendments were held or withdrawn during the process. A major debate centered on an amendment by Senator Tarr to dedicate $300 million of surtax revenue to K-12 education, framed as a response to Chapter 70 funding concerns and the need to modernize school aid. Supporters argued that local districts face rising costs and that the state should set aside fair share revenue for school funding and future school building investments. Opponents said the bill was the wrong vehicle and noted the Commonwealth already dedicates substantial surtax revenue to K-12 programs. The amendment was defeated by roll call. Tarr also offered amendments on a safety valve for surtax revenue declines, equity analysis of surtax allocations, bond covenant requirements, and Chapter 62F taxpayer protections; those were not adopted. The Senate also adopted a separate amendment on AP credit policies at public higher education institutions, though the transcript reflects some procedural confusion around that vote. After completing amendments, the Senate ordered the bill to a third reading and then passed it to be engrossed by a recorded vote of 38-0. Senators then adopted several extension orders giving committees additional time to report on pending bills, including Environment and Natural Resources and Municipalities and Regional Government. The chamber also adopted an order to meet again the following Monday at 11 a.m. The session concluded with a unanimous memorial adjournment in honor of Bolton Police Chief Luke Hamburger, followed by a brief statement recognizing Rare Disease Day and the challenges faced by patients seeking diagnosis and treatment.

Transcript Highlights:

• That's not revenue of the Commonwealth.
• count and other types of revenue do not.
• Because the calculations, you measure the rise in revenue versus wage growth.
• And when we say that revenue isn't revenue, we have a serious problem.
• Tarr, stabilization fund protections for surtax revenues.

Transcript Highlights:

• Some are doing cost versus revenue analysis.
• The calculation wouldn't have changed.
• That's just a placeholder for calculations.
• That's a federally recognized way to calculate the FTE.
• Keeping it revenue neutral.

Summary: The Higher Ed Funding Committee met to review how North Dakota might identify and address low-producing academic programs and to discuss draft funding formulas for the university system. Lisa Johnson of the NDUS explained that the State Board of Higher Education is already developing a system-wide policy, using models from other states such as Texas, Virginia, North Carolina, Colorado, Kentucky, Ohio, and Connecticut. She described how low-producing programs are typically flagged by multi-year enrollment or completion thresholds, then reviewed for workforce demand, mission fit, cost, accreditation, and regional need before any action is taken. Committee members asked about what counts as a program, how costs are analyzed, whether certificates are included, how exemptions work for mission-critical or high-demand fields, and whether the board or legislature should set the rules. Johnson said the board is the appropriate body to lead the process, but legislators could use funding leverage if they wanted to encourage action; the chair asked the board to bring a detailed proposal to the June meeting. The committee then heard a Legislative Council presentation on a draft formula for UND and NDSU. The proposal uses fall census FTE enrollment, with a placeholder undergraduate rate of $7,000 per FTE and a graduate/professional rate of $10,500, plus incentives for completions in in-demand fields and research productivity. Alex from Legislative Council walked through the projected funding effects, noting that the model would increase funding for NDSU and reduce it for UND in the current biennium, with different results in the next biennium as enrollment changes are recognized. Members questioned the use of the placeholder rates, the definition of in-demand programs, the treatment of research funding, and the exclusion of state-appropriated dollars from the external grants calculation. The chair emphasized that the numbers were illustrative and that appropriators would set the actual dollar amounts later. A second draft formula for the other nine institutions was also reviewed. That model uses fall census FTE without a weighted economic factor, applies a higher undergraduate rate, and adds completion incentives for in-demand credentials and all other completions. Members noted that the formula would benefit some institutions, such as Bismarck State College, while reducing funding for others, such as Mayville State, and discussed whether the nine institutions should be treated more uniformly or split into smaller groups because of their different missions and sizes. Committee members and staff repeatedly stressed that the formulas are still being refined and that some institutions would likely need hold-harmless adjustments or other transition measures. The meeting ended with the chair directing the committee to continue the discussion later and to expect further work on both the low-producing program policy and the funding formulas.

Transcript Highlights:

• AND WE ALSO DO CONDUCT ADJUSTMENTS FOR LOCALLY COLLECTED REVENUE.
• FOR EVERY FTE THAT WE CALCULATE WE ARE WEIGHING THEM.
• AND WE CALCULATE THE TOTAL FUNDING NEEDED FOR EACH OF THE 56 DISTRICTS.
• WE BACK OUT TUITION REVENUE AND WE ARRIVE AT THE STATE FUNDING NEED.
• CAN WE CALCULATE TWO IMPORTANT THINGS.

Transcript Highlights:

• with a population of less than 10,000, the revenue growth is limited to 1%.”
• facilities being removed from the levy growth calculation.
• of the Department of Revenue and discussions thus far.
• of the Department of Revenue and discussions thus far.
• Lastly, I would just note that as the CCA revenue, Climate Commitment Act revenue, declines, those tribal

Summary: House Finance met on Friday, January 23rd, and heard three bills. On House Bill 2194, staff explained that the bill would allow a county and a city within that county to both impose the cultural access sales and use tax at the same time, with the county providing a credit for the city tax. Representative Parsley said the change would let more jurisdictions support cultural, arts, science, and school-related programs. Olympia and Thurston County officials testified in support, describing grant funding for cultural organizations, free programming, and school access benefits; a committee member raised a question about how the change could affect county bond obligations. The committee then heard House Bill 2089, which would narrow a B&O tax preference for first mortgage interest by removing the requirement that a financial institution be located in 10 or more states, and direct the resulting revenue to the wildfire response, forest restoration, and community resilience account. Staff said the bill would raise significant revenue and have implementation costs for the Department of Revenue. Representative Scott said the bill was intended to restore wildfire funding and limit the preference to community banks, while opponents from the Washington Bankers Association and Community Bankers of Washington warned the bill could harm community banks and mortgage lending if not drafted carefully. The Department of Natural Resources and a public employee representative supported restoring wildfire preparedness funding. Finally, the committee heard a proposed third substitute for House Bill 1960, which would replace property taxation for new or repowered large renewable energy facilities and battery storage systems with a state and local excise tax structure, while also creating a local investment distribution account and a tribal capacity grant program. Staff and the sponsor described the bill as a way to reduce property tax shifts onto nearby taxpayers and provide more stable, predictable revenue for local governments and tribes. County officials, assessors, treasurers, and some clean energy and conservation groups supported the concept but asked for clearer definitions, payment timing, and rate adjustments; utilities and renewable developers said they supported the goal but opposed the bill as drafted because of concerns about the rates and the treatment of centrally assessed utilities. No votes were taken, and the committee adjourned after closing the hearings on all three bills.

Transcript Highlights:

• That's not revenue of the Commonwealth.
• count and other types of revenue do not.
• the rise in revenue versus wage growth.
• And when we say that revenue isn't revenue, we have a serious problem.
• Tarr, stabilization fund protections for surtax revenues.

Summary: The Senate considered and amended House 4769, a major higher education bond bill titled an act to build resilient infrastructure to generate higher education transformation (the BRIGHT Act). Members adopted a series of amendments funding deferred maintenance and capital projects at public colleges and universities, including MassBay Community College (HVAC and window replacement), Massachusetts Maritime Academy, Springfield Technical Community College, Cape Cod Community College, Worcester State University, Quinsigamond Community College, Roxbury Community College, UMass Boston, Middlesex Community College, Salem State University, Berkshire Community College, and MCLA. Several amendments were rejected, including proposals related to a sustainable hand hygiene program, board membership, and some other institutional or policy changes, while a number of amendments were held or withdrawn. The bill ultimately advanced through third reading and was passed to be engrossed by a unanimous roll call, with senators emphasizing the need to address deferred maintenance and modernize higher education facilities statewide. A major floor debate centered on an amendment by Senator Tarr to dedicate $300 million of Fair Share surtax revenue to K-12 education. Supporters argued that many school districts face rising costs, minimum aid, and an outdated Chapter 70 formula, and that the amendment would create a marker for future reform. Opponents said the Commonwealth already dedicates substantial surtax and other funding to K-12 education and that the amendment was not the right vehicle. After a roll call, the amendment was rejected. The Senate also rejected several Tarr amendments on fiscal safeguards, equity analysis, bond covenant requirements, and Chapter 62F taxpayer protections, while adopting others related to UMass Gloucester Marine Station housing and coastal erosion work, and to modernizing Massachusetts State College Building Authority bonding and office-location rules. The chamber also adopted a motion to adjourn in memory of Bolton Police Chief Luke Hamburger, who was remembered for his service, leadership, and community ties. Before adjournment, senators took brief statements on other issues, including a call for greater awareness of rare diseases and the need for improved access to diagnosis and treatment. The Senate also approved extension orders giving committees additional time to report on pending environmental and municipal bills, and it set its next meeting for Monday at 11:00 a.m.

Transcript Highlights:

• In 2023-2024, general revenue had over $48 billion of revenue that went in.
• General revenue had over $48 billion of revenue that went into the fund.
• The revenues get complicated.
• You know, the revenues get complicated because it's not just tax revenue; you get fees, you get grants
• So while there's growth in revenue, my understanding is that when we calculate the appropriation side

Committee: Senate Finance and Tax

Summary: The Senate Committee on Finance and Tax convened with a quorum present, heard an introductory presentation of committee staff, and then received a staff briefing from Azar Khan on Florida’s state tax structure and revenue outlook. The presentation covered fiscal year 2023-2024 revenues, noting more than $127 billion in total state revenue, with general revenue exceeding $48 billion and sales and use tax making up the largest share. It also compared Florida’s tax burden to other states, highlighted Florida’s low per-capita revenue ranking and strong business formation numbers, and reviewed major and minor revenue sources, tax rates, and the revenue estimating conference process. Members asked about what drives revenue growth, including population, tourism, construction, and auto sales, and about Florida’s regressivity, corporate income tax participation, and investment earnings on state balances. Khan said the state’s revenue picture remains positive and stable, but that future growth is slower than during the COVID-era spike; he also explained that some negative forecast changes were tied to legislative actions such as the insurance premium tax credit, while others reflected lower tobacco consumption and severance activity. He noted that revenue and spending forecasts are separate and that budget-side growth is driving concerns raised in other state economic projections. The committee also discussed possible tax package ideas for the upcoming session, including tax holidays and homeowner relief, but no specific proposals were acted on. The chair announced the committee would not meet the following week and that the next meeting would be in week three of February. The meeting concluded with no objections to a motion to adjourn.

Transcript Highlights:

• our revenues are projected.
• So now, looking at the revenue forecast based on the different revenue categories, these are the six
• Those strong revenues will...
• And we are seeing a revenue decrease. Part of that is because we've had... A revenue decrease.
• forecast, or the... ...component of the general revenue forecast or the general revenue fund.

Summary: The committee was convened to review Idaho’s economic outlook and general fund revenue projections for fiscal years 2025-2028, with members instructed to submit “homework” revenue estimates by noon the next day so staff could compile committee averages and medians for deliberations and a final recommendation to JFAC. Opening remarks emphasized the committee’s constitutional charge, the use of the binder materials and online packet, and that the committee would meet again the next day to discuss and vote on the revenue projection recommendation. Staff and agency presentations focused on the state’s budget and revenue picture. Legislative Services Office staff described structural imbalance concerns, noting that statutory spending changes and earmarked sales tax distributions have crowded out flexibility, while cash reserves remain substantial. The Division of Financial Management’s economist explained the official revenue forecast, including revised treatment of sales tax and tax relief fund accruals, and said the forecast largely held steady overall even as corporate and individual income tax categories shifted. She also discussed the impact of the federal One Big Beautiful Bill Act on SALT deductions and said recent corporate collections had rebounded sharply, suggesting timing and behavior changes rather than a broad economic downturn. Outside economists and labor experts painted a generally stable to positive economic picture. Zions Bank’s economist said the Federal Reserve is likely near the end of major rate cuts, long-term rates and mortgage rates remain elevated, tariffs have risen sharply, but inflation has not yet shown broad tariff-driven acceleration; he described the national labor market as slowing but not contracting and said 2026 could be a rebuilding year. The Idaho Department of Labor reported that Idaho’s unemployment remains historically low, job growth is steady, wage growth is moderating from overheated pandemic-era levels, and the state’s labor market remains healthier and more balanced than the national picture. The committee also heard from Idaho Power’s economist, who began a presentation on broader economic conditions and utility-related demand trends before the transcript ended.

Transcript Highlights:

• Tools like ultrasound are more accurate in calculating this gestational age.
• The 340B revenue hospitals receive doesn't just come out nowhere.
• When you have an entity with revenue, how they spend it is up to them.
• And where I so... ...with revenue, how they spend it is up to them.
• These revenues are out there and they're making a bunch of money for pharmacies.

Summary: The Senate Health and Long-Term Care Committee held a hearing on several bills. SB 5904 would prohibit non-human entities from using nursing titles; the sponsor and nursing groups said it is meant to increase transparency around AI and ensure patients know when they are interacting with a real nurse. SB 5915 would change Health Technology Assessment Program review criteria and timelines, with supporters arguing it would better account for Medicare coverage and national guidelines, especially for rare and life-threatening conditions. SB 6025 would update the definition of fetal death to allow gestational age to be determined by the best clinically accurate method rather than last menstrual period, and medical professionals and the sponsor said this would reduce emotional, financial, and legal burdens on grieving families. SB 5933 would require near real-time sharing of overdose data into ODMAP; public health, local government, and recovery advocates said it would improve overdose response, while one witness asked that poison center data be included and clarified separately. SB 5990 would allow APRNs and physician assistants to serve as local health officers in counties under 100,000 population; rural county officials supported the added flexibility, while public health groups and naturopathic physicians raised concerns about qualifications and asked that naturopathic doctors be included as well. SB 5981 would restrict drug manufacturers from limiting 340B drug access through contract pharmacies or requiring data as a condition of discounts; safety-net hospitals, community health centers, pharmacies, and patients said it protects access and reinvestment in care, while manufacturers, employer groups, and industry representatives argued it increases costs, lacks transparency, and may not ensure savings reach patients. No votes or final committee actions were taken in the transcript; each bill was heard and testimony was closed. Sign-in counts were reported for several bills, including strong pro support for SB 5904, SB 5915, SB 5933, and SB 5981, and mixed or substantial opposition on SB 6025 and SB 5990.

Transcript Highlights:

• Revenue. Revenue.
• Section four talks about the calculation of deposits of revenues into this new account.
• </c> in state and local tax revenue. in state and local tax revenue.
• revenue.
• c> revenue.

Committee: Senate Taxes

Transcript Highlights:

• The gross gaming revenue is the revenue, all the payouts, okay, whether it's table games or the machine
• The gross gaming revenue is the revenue, all the payouts, okay, whether it's table games or the machine
• The gross gaming revenue is the revenue, all the payouts, okay, whether it's table games or the machine
• The gross gaming revenue is the revenue, all the payouts, okay, whether it's table games or the machine
• </c> but then they said 75% of HHR Revenue but then they said 75% of HHR Revenue going<00:12:32.360><

Summary: The public hearing opened on HB 728-FN, which would authorize video lottery terminals at charity gaming facilities and repeal historic horse racing licensing. Representative Om explained that the bill would convert the current historic horse racing terminals into true video lottery terminals/slot machines and change the revenue split, reducing the operator share from 75% to 70% while increasing the state share from 25% to 30%. He also noted the bill would increase the amount going to charities and other state beneficiaries. Former State Rep. Pat Brammy, who had served on the Charitable Gaming Study Commission, testified in support of the bill’s basic structure. He said a consultant’s report found historic racing machines cost facilities 12% to 18% more to operate because of totalizer and track-related fees, and that slot machines would be cheaper because there are more manufacturers and more competition. He argued that although the operator share drops by 5%, facilities could still benefit from lower operating costs, and he said the commission concluded that moving to slot machines would increase revenues to facilities, charities, and the state. He also said the bill would create a more stable stream of funding for problem gambling, since the current HHR “breakage” funding mechanism is limited and dependent on a single vendor. Brammy also discussed the commission’s concerns about market concentration in HHR machines, saying the commission found the market was dominated by only a few manufacturers and recommended legislation to address that issue under Article 83 of the state constitution. He interpreted the bill as allowing a phase-in of slot machines upon passage, with the remaining HHR provisions phasing out by January 1, 2028, and said facilities would likely transition as leases expire. Committee members asked about HHR contracts, machine programming, testing, and whether removing HHR would reduce competition; Brammy said he believed leases were likely short-term, machines are tested by a lab, and the legislature could decide whether the change is appropriate. No vote or final action was taken at the hearing.

Transcript Highlights:

• Despite the increase in revenues, we are Despite the increase in revenues, we are forecasting a budget
• serious revenue downturn, a double-digit downturn in our revenues.
• So much of our revenue, as Ms.
• The level of revenues.
• I mean, I guess we lose the tax revenue. All those jobs lost created tax revenue.

Committee: Senate Budget and Fiscal Review