Transcript Highlights:

• An example would be: when a plan is projected to be fully funded, the valuation uses a 6.5% expected
• size round are they raising, what's a potential market, serviceable market that they're addressing, valuation
• some certain exemptions on that, like new growth, but the whole underlying thing was not on the valuation

Keywords: 908, all

Transcript Highlights:

• An example would be: when a plan is projected to be fully funded, the valuation uses a 6.5% expected
• size round are they raising, what's a potential market, serviceable market that they're addressing, valuation
• some certain exemptions on that, like new growth, but the whole underlying thing was not on the valuation

Summary: The committee met to receive a series of audit presentations, beginning with the statewide Annual Comprehensive Financial Report (ACFR) for fiscal year 2025. The State Auditor’s Office and OMB reported a clean, unmodified opinion for the state, with strong financial results including a $40.6 billion net position, $30.99 billion in assets, $1.81 billion in liabilities, and continued Legacy Fund growth. OMB also explained the new GASB 101 compensated-absences reporting change and discussed pension-liability fluctuations tied to discount-rate assumptions and investment performance. Members asked about how the state compares to others and about the effect of short-term commodity price swings, and OMB said the report reflects actual fiscal-year results rather than forecasts. The committee then heard the University System audit, which also received a clean opinion but included four findings: misreporting of Strategic Investment and Improvements Fund revenue, insufficient monitoring of service organizations at CTS, NDSU, and UND, improper bank reconciliations at Dakota College of Bottineau, Dickinson State, and Williston State, and investment/cash reconciliation problems at Bismarck State College related to bond proceeds. University officials agreed with the findings and said corrective actions were underway, including internal review of bank reconciliations. Members raised questions about NDSU’s use of certificates of deposit, and university staff explained that CDs are used to earn interest on funds being accumulated for future projects. Several other audits were presented, most with clean opinions and no findings, including the State Auditor’s Office, Workforce Safety and Insurance, Housing Finance Agency, Housing Incentive Fund, Job Service North Dakota, the Retirement and Investment Office, PERS, the Center for Distance Education, the Commission on Legal Counsel for Indigents, the Ethics Commission, and the Office of Administrative Hearings. Notable exceptions included a State Fair Association audit with an adverse opinion on the foundation component unit because its financial statements were not available for audit, and a Securities Department performance audit finding that performance-based pay increases and bonuses were issued without required evaluations. The committee also discussed the State Auditor’s future needs, including more staff capacity, data analytics, cybersecurity reviews, possible subpoena authority, independent legal counsel, and whether some audits—such as the Ethics Commission and State Fair—should be handled by independent third parties or under different statutory arrangements.

Transcript Highlights:

• We do, as far as land valuations, we order a third-party market data book.
• As far as land valuations, we order a third-party market valuation data book.

Keywords: 908, all

Summary: The Energy Development and Transmission Committee met in interim session and approved the November 6 minutes. Chair Novak outlined the committee’s study agenda, including large energy users such as data centers, geothermal, landowner relations, wind and solar, and other energy topics across the state. The meeting was framed as informational only, with no bills or formal legislative action taken beyond the minutes approval. Testimony focused first on landowner relations. Oliver County Commissioner Dave Berger described the county’s energy history and local support for coal and related development. North Dakota Farmers Union President Matt Perdue emphasized proactive, face-to-face communication with landowners, respect for property rights, and the need for developers to be transparent about tradeoffs; he also discussed insurance and liability concerns tied to easements. Committee members asked about eminent domain, local versus state authority, and how communities can better understand the revenue and infrastructure implications of energy development. Department of Agriculture Deputy Commissioner Tom Bodine then described the department’s ombudsman programs for pipeline restoration and reclamation, wind restoration, and royalty oversight. He said the programs provide confidential, third-party assistance on reclamation and royalty disputes, but do not provide legal advice. Senators raised concerns about post-production deductions in royalty leases and whether the ombudsman can explain them; Bodine said the program can clarify statements and deductions but cannot resolve legal disputes. He also said the department has not received requests related to fiber lines. Representatives from Grid United and One Oak described their project development and landowner engagement practices. Grid United’s Brent Johnson discussed the North Plains Connector transmission project, its route selection process, voluntary acquisition approach, and efforts to avoid eminent domain by working closely with regulators, counties, townships, and landowners. One Oak’s Danette Welsh and Tom Giltner described the company’s midstream operations, extensive North Dakota footprint, and emphasis on direct landowner communication, consistent local regulation, careful construction practices, and post-construction reclamation. Members asked about setbacks, zoning consistency, invasive species prevention, outside advocacy groups, and eminent domain use; One Oak said it has not used eminent domain on its North Dakota projects, largely because most gathering lines are negotiated easements.

Transcript Highlights:

• It was really about creating great jobs, good valuation, homes, good jobs, and bringing good workforce
• What this does when you bring these massive businesses, they develop assessed valuation.
• What does assessed valuation do? That's long term; that's forever.

Bills: HB2128, HB2255, HB2397, HB2429, HB2591, HB2680, HB2834, HB2868, HB2911, HB2951, HB2979, HB2991, HB2996, HB2999, HB4001, HB4011, HB4017, HB4020, HB4026, HB4086, HB4088, HB2244, HB2342

Keywords: homeowners associations, condominiums, open meetings, governance, transparency, Arizona Teachers Academy, teacher preparation, education funding, public schools, scholarships, teacher certification, community colleges, HOA, homeowners association, planned community, condominium, CC&Rs, covenants, conditions and restrictions, resale disclosure, association disclosure

Transcript Highlights:

• /c><00:45:56.119> kinds<00:45:56.319> of<00:45:56.599> EV<00:45:56.960> valuations
• <00:45:57.760> and number of kinds of EV valuations and number of kinds of EV valuations and

Keywords: 1183, house

Transcript Highlights:

• So if you have an exclusion in terms of the valuation of your property, when local governments want to
• So if you have an exclusion in terms of the valuation of your property, when local governments want to
• So if you have an exclusion in terms of the valuation of your property, when local governments want to

Keywords: 1183, house

Summary: The House Tax Committee met to receive a presentation from House Fiscal staff Cynthia Templin and Katrina Heimark on state tax revenues, property tax aids and credits, and key budget terms and timelines. They explained the difference between fiscal years, tax years, biennia, the general fund, and dedicated funds, and reviewed the legislative budget calendar, including the governor’s January budget recommendation, the February forecast update, March budget resolution deadlines, and the expected end of session in May. The presentation focused on how Minnesota tax revenue is collected and where it goes. House Fiscal said fiscal 2024 total revenue for public services was about $102.5 billion, with $46.5 billion coming from state and local taxes. Of total state tax revenue, about 85% goes to the general fund and about 15% is dedicated to other funds. They noted that income and sales taxes make up the largest share of state collections, while local property taxes are the largest share of local revenue. They also reviewed constitutional and statutory dedications, including the Legacy sales tax dedication, the motor vehicle sales tax dedication to transportation, and the auto parts sales tax dedication that was changed in 2023 to a 100% transportation dedication phased in over 10 years. Members asked several questions about slowing income tax growth, possible effects of migration and corporate departures, and whether changes in population or wages were affecting revenue trends. Templin said she was not aware of recent independent or MMB studies tying revenue loss to migration, but would look into it. Members also discussed the sharp rise in tax receipts in fiscal 2021 and 2022 after the pandemic downturn, with staff explaining that the low fiscal 2020 base and a shift toward goods purchases during COVID helped drive the increase, especially in sales tax revenue. No bills were taken up and no votes were recorded during this portion of the meeting.

Transcript Highlights:

• pointed out that the town of Hudson has about $2.2 million of solar value out of a $51 billion total valuation
• pointed out that the town of Hudson has about $2.2 million of solar value out of a $51 billion total valuation
• pointed out that the town of Hudson has about $2.2 million of solar value out of a $51 billion total valuation
• pointed out that the town of Hudson has about $2.2 million of solar value out of a $51 billion total valuation
• pointed out that the town of Hudson has about $2.2 million of solar value out of a $51 billion total valuation

Keywords: 1189, house, all

Transcript Highlights:

• And in this document, it is both existing and new jobs in terms of the valuations based on category and
• And in this document, it is both existing and new jobs in terms of the valuations based on category and

Keywords: The first few minutes of this meeting was missed on the live stream. This upload restores those few minutes, 958, all

Summary: The subcommittee met with Secretary Jeff Null and General Counsel Matt Wing of the Cabinet for Economic Development for an overview of the cabinet’s main economic development tools, strategy, and compliance practices. Null said the cabinet uses a data-driven approach focused on competitiveness, site readiness, wages, workforce training, and long-term assets such as roads, rail spurs, water, and sewer improvements. He emphasized that the cabinet tries to balance attracting new employers with supporting existing businesses, and said compliance is a core value of the agency. Null walked members through several programs, including the closing fund, Kentucky Business Incentive (KBI), Bluegrass State Skills Corporation training support, and the KIA sales-tax refund tool for construction materials and equipment. He said the closing fund has received $80 million over two years for projects generally involving at least $10 million in investment, though some flexibility exists. He also explained that Bluegrass State Skills funding is typically about $2,000 to $3,000 per job and can be used flexibly for training, including sending Kentucky workers to be trained elsewhere or paying trainers to come to Kentucky. He described KBI as a pay-as-you-go, incremental tax credit tied to actual jobs and investment, and said the legislature’s tiered refundable credit structure allows more targeted use of incentives in heritage and non-heritage counties. A substantial portion of the presentation focused on compliance and monitoring. Null said incentive agreements are written with commercial terms and spell out jobs, investment, wages, and training commitments. The cabinet requires regular reporting, invoices, and sampling, and can use clawbacks or suspend benefits if companies fail to meet obligations or lose required environmental permits. He said the Kentucky Economic Development Finance Authority reviews incentive applications in public meetings and often requires company representatives to answer questions before preliminary approval is granted. No votes or formal actions were taken during the meeting.

Transcript Highlights:

• anticipated when do you think that will be complete the assessment, the third-party assessment on the valuation

Keywords: 914, all

Transcript Highlights:

• Value adjustment boards hear informal appeals for things like valuation or exemption determinations.

Summary: The Select Committee on Property Taxes held its first meeting with opening remarks from the co-chairs and ranking member framing the committee’s task as developing property tax legislation for next session. Staff then gave a high-level overview of Florida property taxes, explaining how ad valorem taxes work, the roles of property appraisers, tax collectors, taxing authorities, value adjustment boards, and the Department of Revenue, and reviewing key concepts such as just value, assessed value, exemptions, taxable value, millage rates, homestead exemptions, Save Our Homes, and portability. The presentation also emphasized that property tax law is largely rooted in the Florida Constitution and that local governments choose millage rates, which affects collections. No public comment was taken. The committee then discussed five Speaker-proposed concepts. Proposal 1 would require cities, counties, and special districts to hold a referendum on eliminating property taxes on homestead properties; members raised concerns about local funding, public safety, special districts, renters, and the need for extensive voter education, with some suggesting countywide elections or town halls instead. Proposal 2 would create a new $500,000 homestead exemption for non-school taxes and a $1 million exemption for seniors 65+ or long-term homesteaders; members split between seeing it as meaningful relief for seniors and warning it could devastate local tax bases, especially in lower-value or rural counties, while also potentially trapping older homeowners in place. Proposal 3 would authorize the Legislature to raise homestead exemptions by general law; some liked the flexibility, but others worried about statewide one-size-fits-all impacts, political difficulty in reversing changes, and the need for local revenue replacement. Proposal 4 would change assessment caps for homestead and non-homestead property; several members said it would not provide enough relief and could shift burdens to rental properties and non-homestead owners. Proposal 5, eliminating foreclosure on homestead property for tax liens, drew the strongest opposition, with members saying it would undermine lien priority, mortgage and title systems, and incentives to pay taxes. Throughout the meeting, members repeatedly stressed the need to understand local fiscal impacts, including police, fire, infrastructure, and other services funded by property taxes, and to consider alternative revenue sources or offsets if taxes are reduced. The co-chairs said the committee is still in the information-gathering stage, that all ideas remain on the table, and that members should do “homework” by meeting with local taxing authorities and learning how property taxes are set and spent in their districts. The meeting ended with no votes on the proposals and adjournment after a motion to rise.

Transcript Highlights:

• provision making it a reverse era for the court to allow for the characterization of an award as a valuation

Bills: SB1540, SB2225, SB2284, SB2382, SB2487, SB2514, SB2595, SB2876, SB2877, SB3031, SB2753, HB45

Keywords: election officials, confidentiality, personal information, government transparency, public safety, spirit beverages, alcoholic beverages, Texas Alcoholic Beverage Code, distribution, taxation, firearms, local regulation, archery equipment, weapons, voter registration, statewide list, county requirements, election integrity, computer services contracts, mental health

Transcript Highlights:

• In Hampton, residents are suing their town over property valuations.
• it's a little weird that when we're talking about paying our county tax, that's based on property valuation
• > property our county tax, that's based on property our county tax, that's based on property valuation
• 45.760> and<01:17:46.000> we're<01:17:46.159> talking<01:17:46.400> about valuation
• and we're talking about valuation and we're talking about getting<01:17:46.800> the<01:17:46.960

Keywords: 1191, senate, all

Transcript Highlights:

• Hawaiian Affairs' desires, specifically because the $200 million settlement and the $200 million valuation
• Hawaiian Affairs' desires, specifically because the $200 million settlement and the $200 million valuation
• million settlement and the $200 the $200 million settlement and the $200 million<00:24:56.039> valuation
• 2012<00:24:57.320> was<00:24:57.520> based<00:24:57.760> on million valuation
• in 2012 was based on million valuation in 2012 was based on the<00:24:58.080> ability<00:24:58.679

Keywords: 912, senate, all

Summary: The joint hearing of the Water and Land, Hawaiian Affairs, and Housing committees on January 29, 2025 focused on SB 534, with the chairs outlining hearing procedures, public testimony limits, and plans to allow extended presentations from the Office of Hawaiian Affairs (OHA) and the Hawaii Community Development Authority (HCDA) before moving to other testifiers. The hearing was presented as a public, transparent discussion of OHA’s plans for Kakaʻako Makai, with committee members noting that decision-making would follow if time permitted. OHA testified in strong support of SB 534. The chair of OHA’s Board of Trustees said the bill was a novel proposal for the legislature and emphasized that OHA was bringing together a broad coalition of partners and stakeholders, including representatives from construction, hospitality, education, law enforcement, civil service, and schools, as well as longtime community advocates who have opposed development in Kakaʻako Makai. OHA’s presentation reviewed the history of the area, the creation and role of HCDA, prior master plans, the 2012 land conveyance to OHA, and the argument that OHA has not been able to realize the full economic value of the lands because desired entitlements were not secured. OHA linked the bill to its constitutional mission to improve conditions for Native Hawaiians and argued that the state’s housing crisis makes additional development, including residential use, especially important. A major theme of the testimony was housing. OHA argued that Hawaiʻi faces severe affordability pressures, out-migration, and workforce shortages, and said that residential development in Kakaʻako Makai would help address those needs while also supporting the value of the trust lands. The presentation described HCDA’s authority over zoning and development in Kakaʻako, the existing reserved housing requirements, and the need for a master plan that could move forward if SB 534 becomes law. No votes or final committee action were taken in the portion of the hearing provided; the discussion remained in the presentation and testimony phase.

Bills: SB44, SB237, SB248, SB985, SB1204, SB1239, SB1307, SB1360, SB1390, SB1400, SB1405, SB1427, SB1428, SB1732, SB1832, SB1859, SB1989, SB2018, SB2143

Keywords: sales tax exemption, nonprofit organizations, contractors, charitable purposes, state law, ad valorem tax, manufacturing facilities, exemption, battery energy storage, employment, payroll, state tax regulation, tourism, revolving fund, Oklahoma Tourism and Recreation Department, real property, fund management, Oklahoma Local Food for Schools, school meals, local food procurement

Bills: SB115, SB131, SB93, HB319, HB163, HB268, SB115, SB131, SB93, HB319, HB163, HB268, HB181, HB153, SB132, SB26, SB189, SB196, HB140, SB197, HB117

Keywords: SB115, Alabama, impersonating a peace officer, peace officer, law enforcement impersonation, police impersonation, unauthorized police officer, fake cop, certification revoked, certification suspended, Alabama Peace Officers' Standards and Training Commission, APOSTC, Class C felony, law enforcement hiring, appointment of officers, federal law enforcement, arrest authority, public order, criminal offenses, Judiciary Committee

Transcript Highlights:

• a very high paper value based simply upon the way that startups are receive their value or their valuation
• 07:16.000> their are are receive their value or their are are receive their value or their valuation
• 17.600> example<03:07:18.479> uh<03:07:18.640> based<03:07:18.880> upon valuation
• . uh for example uh based upon valuation. uh for example uh based upon a<03:07:19.600> multiple

Keywords: U.S. House of Representatives Floor Proceedings on Thursday, January 15, 2026, 1012, house, all

Transcript Highlights:

• You know, high solutions for high valuations, historic buildings and churches that are having struggles
• Um you know high solutions<01:25:20.000> for<01:25:20.239> high<01:25:20.480> valuations
• <01:25:21.360> historic solutions for high valuations historic solutions for high valuations

Keywords: 1183, house

Transcript Highlights:

• Over the years, we've had issues with property valuations when the assessor has reclassified or misclassified

Bills: SB1165, SB1206, SB1212, SB1291, SB1347, SB1516, SB1554, SB1649, SB1689, SB1812

Keywords: breast cancer, screening services, health insurance, cost sharing, preventive care, storm damage, catastrophic storm, hail damage, wind damage, roof repair, roof replacement, post-storm repairs, insurance claim, property and casualty insurance, adjuster, public adjuster, contractor licensing, homeowner protections, deductible waiver, insurance fraud prevention

Transcript Highlights:

• name is Patients Jennings, and I am the business partner of Select Vacation Properties, providing valuation

Transcript Highlights:

• it was Starting when I was 27, I have had a lifelong experience of being in front of boards and valuating

Keywords: 1185, senate, all