Transcript Highlights:

• been the closest thing to a bright spot in our transportation universe, have been suffering from inflation
• been our transportation Universe have been suffering<00:05:03.840> from<00:05:04.039> inflation
• c><00:05:04.400> in<00:05:04.560> recent<00:05:04.840> years suffering from inflation
• in recent years suffering from inflation in recent years now<00:05:05.479> in<00:05:05.639>

Keywords: 1183, house

Transcript Highlights:

• additional $67,000 added to their final benefit calculation of the high three, which significantly inflates
• calculation of the high three which calculation of the high three which significantly<00:14:01.959> inflates
• c><00:14:02.880> the<00:14:03.360> pension<00:14:04.279> that significantly inflates
• the pension that significantly inflates the pension that leads<00:14:04.720> to<00:14:04.880>

Keywords: 958, all

Summary: The Senate State and Local Government Committee met and first took up Senate Bill 193, described as a simple measure to restore a wallet card for jailers to carry when outside the jail. The chair noted the fiscal impact was essentially zero, there were no questions, and the committee voted to pass the bill 9-0. The committee then heard Senate Bill 9, a proposal focused on the Teachers’ Retirement System (TRS). The sponsor argued TRS remains underfunded despite large state contributions, cited rising unfunded liability and negative cash flow, and said the bill is intended to standardize and limit what sick leave, personal leave, and annual leave can count toward retirement calculations. The bill would generally cap TRS retirement credit at 10 sick days and 2 personal days per year, prevent annual leave from being rolled into sick leave, require more uniform reporting and oversight from participating districts and agencies, and shift costs to districts that offer benefits beyond TRS limits. The sponsor also said the bill would add 30 maternity leave days, allow voluntary supplemental contributions for Tier Four teachers, and include a floor amendment directing the state auditor to audit TRS and report on agency leave policies. During the presentation, the sponsor emphasized fairness, transparency, and accountability, and used a hypothetical high-salary administrator to illustrate how leave payouts can increase retirement benefits and create additional unfunded liability. Senator Mills thanked the sponsor and said members had been working to understand the issue, but no committee action on Senate Bill 9 was completed in the portion provided.

Transcript Highlights:

• Um, and then we've also incorporated sort of an inflation adjuster in section three on the rate cap.
• Um, and then we've also incorporated sort of an inflation adjuster in section three on the rate cap.
• Section three, Roman three, essentially allows a 4% rate increase above whatever inflation is.
• above whatever inflation is. So built in above whatever inflation is.
• Um, we have a inflation year-over-year.

Keywords: 1191, senate, all

Transcript Highlights:

• Also, gold, we know, is a hedge against inflation, and again, the gold would be stored here in Texas.
• In actual purchasing power, inflation quickly wipes out any gains.
• not understand, they earn fees on the transactions, but they also know that the new investors will inflate
• of the previous president, President Joe Biden, we saw the dollar lose 21.1% of its value due to inflation
• People of modest means have been harmed by inflation, something economists call the Cantillon effect.

Bills: SB524, SB782, HB42, HB1056, HB2894, HB3033, HB3474, HB3594, HB4738, HB5246, HB42

Keywords: SB 524, Texas franchise tax, veteran-owned business, new veteran-owned business, business tax exemption, filing fee exemption, Tax Code Chapter 171, Business Organizations Code, Comptroller, small business, veterans, entrepreneurship, tax repeal, privilege tax, beginning date, franchise tax exemption, severance tax, oil, gas, restimulation wells

Transcript Highlights:

• We all hear about inflation.
• According to the Bureau of Labor Statistics, over half of the inflation amount that we are seeing is
• We all hear about inflation.
• According to the Bureau of Labor Statistics, over half of the inflation amount that we are seeing is
• According to the Bureau of Labor Statistics, over half of the inflation amount that we are seeing is

Keywords: 1187, senate, all

Transcript Highlights:

• It's a little bit inflated. We are helping Jefferson County out on some of theirs.
• It's a little bit inflated. We are helping Jefferson County out on some of theirs.
• It's a little bit inflated. We are helping Jefferson County out on some of theirs.
• It's a little bit inflated. We are helping Jefferson County out on some of theirs.
• It's a little bit inflated. We are helping Jefferson County out on some of theirs.

Keywords: Meeting Start: 00:00:07 Roll Call 00:00:13 Approval of Minutes from August Meeting 00:01:55 Discussion of County Jails 00:03:31 Discussion of Centralized Collection of Net Profits and Occupational License Taxes 01:02:12 Adjournment 01:54:56, 958, all

Summary: The committee met with a quorum, approved the August 26 minutes, and then took up a discussion of county jail funding. KACO representatives and county officials said jail operations are an ongoing strain for counties because they must pay for inmate care, facilities, and mandated standards, while many counties also rely on jail revenue to offset costs. They described Kentucky’s jail system, including 77 jails, 43 closed counties without jails, and the mix of county, state, federal, and controlled-intake inmates. KACO emphasized that counties remain financially responsible for inmates even when they must contract with other jails, often at costs above the state’s per diem rate, and said it is developing a broader proposal to present later. The testimony focused on rising expenses and shrinking revenue. KACO said counties spent about $374 million on jail operations in FY24, up 24% from FY19, and about $41 million on jail medical costs, up 40%. General fund support for jails was said to total $147 million in FY24, more than double pre-COVID levels. Speakers also noted that state inmate populations in county jails have fallen from about 11,500 in 2019 to 7,212 in 2025, while federal inmates have increased because they are more lucrative for counties. The state jail per diem of $35.34 was described as insufficient to cover actual costs, especially medical care. County judges from Webster, Knox, and Hardin counties gave examples of local budget pressure. Webster County said it now houses 114 state prisoners, 47 county prisoners, and 24 out-of-county prisoners, and that it transferred $512,000 from its general fund to the jail last year, about $77 per taxpayer. Knox County said its jail budget has grown from an initial $2.8 million projection to $5.7 million, with $3 million coming from occupational tax revenue. Hardin County said its jail has an approximate $11 million expense budget against $5 million in revenue, creating a $6 million deficit, driven by higher payroll, medical, and insurance costs and a 29% drop in state prisoner revenue. The judge said the county has responded with property tax increases and an expanded occupational tax district, but still uses reserves to cover other county services. A Grant County magistrate then began speaking from the perspective of magistrates and commissioners, describing her background working at a local jail before serving in county government. The discussion remained centered on the fiscal burden of jails and the need for counties and the legislature to work together on a long-term solution.

Transcript Highlights:

• The other big threat that we have, and I'm sure you've heard this from everybody, is inflation.
• The other big threat that we have, and I'm sure you've heard this from everybody, is inflation.
• Additional funding will help to offset loss of purchasing power associated with inflation. As Dr.
• Cobalt mentioned we'll inflation. As Dr.
• Inflation, utility costs are rising.

Keywords: Appropriations - Room 216, 20 January, 2026; 2:30 PM, 925, all

Summary: Mississippi State University officials testified in support of the university’s separately funded agricultural, forestry, and veterinary units, emphasizing their economic impact, research output, and need for continued state support. Keith Cobalt, vice president for the Division of Agriculture, Forestry and Veterinary Medicine, said the division generates a $1.7 billion impact on Mississippi, but warned that state and local funding has not kept pace with federal dollars or inflation. He argued that global competition, especially from China and Brazil, is hurting row crop and forestry producers, and highlighted a Vision 2030 study finding about $10 billion in agricultural and forestry value leaves the state through value-added processing. He also raised concerns about rural depopulation and proposed rural innovation hubs to help retain population and jobs. Nick Frank, dean of the College of Veterinary Medicine, said state appropriations make up about 25% of the college’s operating budget and are needed to support salaries, staffing, and service capacity. He described the college’s education, diagnostic, and clinical missions, including disease surveillance and responses to threats such as avian influenza, screwworm, and equine herpes virus. Frank said the college is expanding facilities with $18 million in 2024 state funding for a new farm animal hospital and cattle handling facility, but still needs additional support for equine and small animal renovations. He also requested support for rural veterinary scholarships and said inflation and salary competition from other schools and private practice are making retention difficult. In response to committee questions, Frank said the college enrolls about 118 to 119 students per class, with roughly 54 to 55 in-state students and tuition of about $29,900 for in-state and $53,000 for out-of-state students. He clarified that the “vet assistants” program is a four-year bachelor’s degree in veterinary medical technology, not a certificate. He also explained that staffing growth has largely been in the hospitals to address clinical shortages and improve care. Dr. Westberger, dean of the College of Forest Resources and director of the Forest and Wildlife Research Center, said Mississippi’s forests support a $19 billion economic impact, 84,000 jobs, and a $4.5 billion payroll, while also providing environmental benefits. He said the college and research center are nationally recognized, including an NSF ranking placing Mississippi State 10th in natural resource conservation research expenditures for a small university. Westberger highlighted research on forest management, pest detection, mass timber, wildlife disease surveillance, and value-added bioproducts, including efforts to attract mills and manufacturing. He said Mississippi has added 10 mills or mill expansions in five years with more than $1.5 billion in investment and over 1,000 high-paying jobs, and noted the college is planning a new mass-timber annex to address capacity and showcase the material. No votes or formal committee actions were taken in the portion provided.

Transcript Highlights:

• Nothing about inflation.
• NOTHING ABOUT INFLATION.
• Republicans will be voting for inflation.
• Speaker, the authors of inflation, the creators of inflation on the other side of this Chamber, the people
• monthly increase in inflation since January.

Keywords: U.S. House of Representatives Floor Proceedings on Tuesday, September 16, 2025, 1012, house, all

Transcript Highlights:

• A $400 rent increase is far higher than the rate of inflation.
• A $400 rent increase is far higher than the rate of inflation.
• It's far higher than the rate of inflation.
• It's far higher than the is far higher than the rate of inflation, is far higher than the increase in
• As we speak, Rent increases to inflation and protects tenants from no-fault evictions.

Keywords: 995, all

Summary: The Joint Committee on Municipalities and Regional Government held a long public hearing focused mainly on two sets of issues: proposals to amend or repeal the MBTA Communities Act, and bills to allow local rent stabilization. Committee chairs opened by explaining the hearing would be tightly managed because of the very large number of speakers, with testimony limited to two minutes per person and written testimony still accepted by email. Members and witnesses were called in a mix of in-person and virtual order throughout the hearing. On the MBTA Communities Act, several legislators and local officials argued the law is too rigid and should be revised to account for local conditions. Speakers from small, rural, or infrastructure-limited communities such as Hanson, Halifax, Marshfield, Winthrop, Dracut, Carver, Rehoboth, and others said the law’s one-size-fits-all approach does not fit towns with limited water, sewer, transit access, or buildable land. Some filed bills would repeal the law, exempt certain communities, or create appeals processes based on infrastructure, environmental, or historical constraints. Supporters of the law’s changes emphasized local control and the need to avoid forcing development where communities believe it is impractical or inconsistent with town character. A large portion of the hearing was devoted to rent stabilization legislation, especially S. 1447 and related House bills. Supporters included legislators, city councilors, tenant advocates, labor leaders, housing nonprofits, public health organizations, and residents who described sharp rent increases, displacement, homelessness risk, and the strain on working families, seniors, students, and people with disabilities. They argued local-option rent stabilization would let municipalities cap excessive increases and prevent no-fault evictions while preserving flexibility for local conditions. Opponents, including small landlords and property owners, said rent control would discourage investment, worsen housing quality, burden responsible owners, and drive small landlords out of the market. Some witnesses also supported a Cape Cod/Island transfer fee bill and a suburban infrastructure fund, arguing those would provide local revenue for housing or roads. No votes or formal committee actions were taken during the hearing.

Transcript Highlights:

• early payoff of some of these districts because the increment has increased substantially due to inflating
• values and due to inflating budgets, and that increment has increased as a result of that and has allowed
• values and due to inflating budgets, and that increment has increased as a result of that and has allowed
• substantially increment has increased substantially due<01:06:12.079> to<01:06:12.839> inflating
• values and due to due to inflating values and due to inflating inflating inflating budgets<01:06:17.000

Keywords: 1187, senate, all

Transcript Highlights:

• jobs<00:08:21.680> Act<00:08:22.240> and<00:08:22.360> the<00:08:22.520> inflation
• <00:08:22.919> reduction<00:08:23.360> act jobs Act and the inflation reduction act
• jobs Act and the inflation reduction act including<00:08:24.560> vital<00:08:24.960> resources
• reduction acts most critical inflation reduction acts most critical programs<02:28:45.600> the
• Reduction Act—excuse me, the so-called Inflation Reduction Act.

Keywords: U.S. House of Representatives Floor Proceedings on Wednesday, February 26, 2025, 1012, house, all

Transcript Highlights:

• And then my follow-up is, then how does that adjust for inflation? Is that the starting point?
• adequately reflected the cost of processing these requests and then that number will be adjusted with inflation
• And, um, we are adjourned. adjust for inflation? adjust for inflation?
• 45.200> with then that number will be adjusted with then that number will be adjusted with inflation
• inflation going forward. inflation going forward. >> Yeah. >> Yeah. >> Yeah.

Bills: HF3521, HF1807, HF1270, HF2070, HF3136

Keywords: hospital moratorium, hospital construction, bed capacity, hospital expansion, health care facilities, hospital licensing, safety-net hospital, level I trauma center, Ramsey County, Minnesota health law, hospital beds, new hospital exception, certificate of need, inpatient capacity, emergency care, trauma services, health system regulation, state moratorium, hospital modernization, health infrastructure

Transcript Highlights:

• Then food insecurity rates ticked up in 2022 and 2023 as inflation continued and pandemic-year safety
• And we're worsened by the pandemic and the rise in inflation.
• And will now be exacerbated by HR1. in inflation and will now be exacerbated by H.R.1 and with the federal
• privy to is just the relative cost of provision of food because of tariffs, supply chain issues, inflation
• you can kind of talk a little bit more about some of these additional challenges, the barriers, inflation

Summary: The joint informational hearing focused on CalFresh enrollment, food insecurity in California, the recent federal shutdown’s disruption of SNAP benefits, and the long-term effects of H.R. 1 on eligibility, benefits, and state and county costs. Opening remarks emphasized that millions of Californians rely on CalFresh, that the shutdown briefly delayed benefits for the first time in the program’s history, and that state and local governments, including Alameda County, stepped in with emergency food aid and funding. Members also framed the issue as both a hunger and affordability problem, with several noting that California’s agricultural abundance contrasts sharply with persistent food insecurity. The first panel presented research and advocacy perspectives on food hardship. PPIC’s Tess Thorman described food insecurity rates, disparities affecting households with children and Black and Latino households, and the role of nutrition programs in reducing poverty. Nourish California’s Betzabel Estudio argued that hunger is a policy choice and highlighted campaigns to expand state-funded food assistance for immigrants, support reentry populations, and continue the CalFresh fruit-and-vegetable incentive program. The California Association of Food Banks’ Josh Wright said food banks are seeing sustained high demand, lower federal food supplies, and cannot replace CalFresh, while urging more state support for food purchasing, school meals, and SunBucks. The second panel reviewed CalFresh operations and participation. The California Department of Social Services reported that CalFresh participation has risen over the past decade, with the state closing much of the participation gap through outreach, simplified applications, and demonstration projects such as the Elderly Simplified Application Project and a minimum nutrition benefit pilot. Alameda County Social Services described local caseloads, application trends, and emergency food distributions during the shutdown, while also warning that H.R. 1’s work requirements, immigrant eligibility restrictions, and possible cost-sharing could reduce enrollment. A student CalFresh ambassador testified about the burdensome application and recertification process and urged more funding for campus basic-needs centers and outreach to reduce stigma and administrative friction. In the final panel, county, food bank, and policy witnesses described the shutdown response and the expected impact of H.R. 1. Alameda County Community Food Bank and the County Welfare Directors Association said counties, food banks, and community partners mobilized emergency funds, pop-up pantries, and food purchasing to bridge the shutdown gap, but warned that hundreds of thousands of Californians could lose benefits under the new federal rules. The California Budget and Policy Center began outlining the scale of federal cuts, noting that H.R. 1 will significantly reduce SNAP funding and shift costs to states. No votes or formal committee actions were taken; the hearing was informational and concluded with discussion of possible state responses, including backfilling benefits, preserving outreach funding, and improving administrative systems to protect enrollment.

Transcript Highlights:

• the end of the receipt of the federal relief funding, but we saw the introduction of significant inflation
• In fact, that was the high point of our inflation numbers.
• It's pre-COVID and its disruption to revenues and to expenditures, and pre the inflation period that
• So you remember those years variously had COVID, federal funds, infusions, inflations, different things
• don't yet have the analysis on the chart yet for taxes for 2023-24, the one that was varied based on inflation

Summary: The Select Committee on Property Taxes met for a listening session focused on a presentation by Amy Baker of the Joint Legislative Office of Economic and Demographic Research on local government revenues and expenditures. Baker reviewed statewide financial data for counties, municipalities, and independent special districts, using 2018-19 as a baseline year because it was stable and pre-COVID. She explained that counties rely heavily on taxes, with ad valorem taxes making up about 73% of county tax revenue and about 24% of total county revenues statewide, while municipalities rely more on charges for services and have a lower statewide ad valorem share of about 14.7%. She also noted wide variation across local governments, with some counties and cities highly dependent on property taxes and others using them minimally or not at all. Special districts were shown to be very different from counties and cities, with hospital-related revenues and expenditures dominating many of them, while water management districts were more reliant on ad valorem taxes and focused expenditures on the physical environment. Baker also summarized expenditure patterns: counties spent the largest share on public safety, while municipalities spent the largest share on general government services, followed by physical environment and public safety. She emphasized that local government structures vary widely and that the committee should study what characteristics are associated with greater property tax reliance. She said the next research steps would be to extend the analysis through later years, including the COVID and inflation period, and to examine institutional and legal factors that shape local fiscal structures. Members asked about unfunded mandates, fuel taxes, reserves, school taxes, millage rates, and how property taxes relate to specific services such as police and fire. Baker said the current analysis did not yet account for mandates or school taxes and that further work could examine links between revenues and expenditures, commercial versus residential tax burdens, and other factors. After the presentation, members reported back on local meetings with counties and municipalities. Several described large differences in millage rates, revenue mixes, and the impact of any property tax changes on fiscally constrained counties versus larger, wealthier ones. Concerns were raised about how local governments would replace lost revenue, especially for public safety and emergency response, and members discussed the need to consider both revenue replacement and ways to rein in spending. The co-chairs said the committee would continue gathering information, send members follow-up homework and requests for panel suggestions, and invite additional input from constituents, stakeholders, and local governments. The meeting ended with no votes or formal actions beyond adjournment.

Transcript Highlights:

• appropriation to compensate for the institution's enrollment growth and reduced purchasing power due to inflation
• As well as inflation since 2015 has reduced the purchasing power of HEAF to address critical infrastructure
• Inflation, as we look at the numbers from 21 to 24, is at sixteen percent on average.
• the meantime, the things that you face in higher education are really related to factors such as inflation
• Since the last time that there was an increase in HEAF, we've dealt with ongoing inflation.

Bills: HB42, HB 125, HB 1233, HB2853, HB3148, HB3326, HB3701, HB4066, HB4361, HB4762, HB4909, HB4912, HB42, HB125

Keywords: higher education, funding, financial allocation, state budget, Texas A&M University, University of Houston, education funding, medical education, osteopathic medicine, healthcare workforce, Tarleton State University, industry-recognized credentials, workforce development, career opportunities, feasibility study, student fees, university funding, student union, education, UT El Paso

Transcript Highlights:

• primary concerns we have seen throughout the state are the predatory billing practices on consumers, inflated
• primary concerns we have seen throughout the state are the predatory billing practices on consumers, inflated
• consumers predatory billing practices on consumers predatory billing practices on consumers inflated
• charges<00:23:07.559> during<00:23:08.240> holds<00:23:08.720> initiated inflated
• charges during holds initiated inflated charges during holds initiated for<00:23:09.600> civil

Keywords: 958, all

Summary: The House Transportation Committee met with a quorum and approved the minutes from its previous meeting. It then considered several transportation-related bills, beginning with House Bill 157 on special license plates. The bill, as amended by a committee substitute, would create a commercial Friends of Agriculture plate to support agriculture-related programs, with proceeds going to the same fund used by the existing farm tag. Members also discussed the committee substitute’s fee exemptions for military-related plates, and the bill was reported favorably with the substitute attached. The committee next took up House Bill 682 on utility relocation. Testimony from Charter Communications explained that the bill would update outdated law so cable and broadband providers are treated like public utilities for reimbursement when forced to relocate facilities for highway projects, while preserving the Transportation Cabinet’s discretion over reimbursements. Members asked about the current reimbursement process and fiscal impact; witnesses said the bill does not change cabinet discretion and therefore has no fiscal note. The bill was reported favorably. House Bill 443, which would shift the east end signage of the H. Rogers Parkway farther east to US 23 in Prestonsburg to reflect the already four-laned section and support future federal funding efforts, also received favorable expression. House Bill 444, a commercial driver’s licensing measure brought by the Transportation Cabinet and amended by committee substitute, would align Kentucky reporting requirements with federal law and allow drivers age 18 and older to qualify for a hazardous materials endorsement, with limits excluding school buses and interstate transport. Members discussed the safety rationale and the need for drivers in agriculture and propane delivery; the bill was reported favorably with the substitute attached. Finally, the committee heard House Bill 493 on towing and storage of motor vehicles. Representative Pollock and a Kentucky Farm Bureau Insurance witness described it as a cleanup bill aimed at transparency and enforcement against predatory towing and inflated charges, and members noted constituent concerns about towing practices. The bill was reported favorably with a committee substitute attached. The committee also reviewed Administrative Regulation 600 KAR 1:041, which updates disadvantaged business enterprise certification rules to conform to federal nomenclature and related federal changes; the regulation was reviewed without further action.

Transcript Highlights:

• homeowner did pay 21% more in school taxes in 2024, as opposed to 2006, it's way below the cumulative inflation
• From 2006 to 2019, our general fund... ...grew by 17%, which is less than the combined rate of inflation
• When you've got inflation baked in everywhere, the one place it's not baked into is Texas's ISD property
• And with inflation, insurance costs, et cetera, and interest rates that are stubbornly higher than most
• That is unfortunately not too far from where the cost of starter homes actually is, given all this inflation

Bills: SB4, SJR2, SB 4, SJR 2

Keywords: property tax, homestead exemption, school funding, state aid, constitutional amendment, SJR 2, Senate Joint Resolution 2, property tax relief, school property tax, ad valorem tax, residence homestead, school district taxes, Texas Constitution Article VIII, public school finance, homeowner exemption, elderly exemption, senior tax relief, disabled exemption, tax year 2025, voter approval

Transcript Highlights:

• <00:12:43.600> they adjust such fees for inflation. they adjust such fees for inflation. they
• It's somewhat inflation-proof.
• So I think it's somewhat inflation-proof.
• And I think that's going to take care of the inflation.
• Now, if we ever get to a inflation.

Keywords: 1189, house, all

Transcript Highlights:

• Since 2020, inflation has run 20.9% in the Boston metro area, feeding into veterans benefits at that
• So we’re asking for a COLA to address that yearly change in inflation.
• To address that yearly change in inflation, to keep a better standard of benefits, our next bill we ask

Keywords: 995, all

Summary: The Joint Committee on Veterans and Federal Affairs held its first public hearing of the 2025–2026 session, with House Chair Rep. Joe McGonagle outlining the committee’s focus on veterans’ benefits, military families, and related policy priorities. He noted the committee’s recent record of advancing major veterans legislation, described the hearing as hybrid, and explained that testimony would be limited to three minutes. The committee then heard testimony on several bills, including H. 3886/S. 2503, H. 3863/S. 2480, and H. 3859, among others. Melissa Willett of the Department of Defense and Rep. John Stanley testified in support of H. 3886/S. 2503, which would expand support for military families by improving school open enrollment flexibility, special education continuity, concurrent jurisdiction for juvenile matters on military installations, and coordination around military protective orders. Committee members questioned the juvenile jurisdiction and protective-order provisions, with concerns raised about federal versus state authority and due process; witnesses said the jurisdiction change would be case-by-case and that military protective orders are commander-issued decisions that could be used as evidence in civilian proceedings. The Department of Defense said the proposal aligns with priorities from military stakeholders and other New England states. Jim Keene testified in support of H. 3863/S. 2480, seeking a cost-of-living adjustment for veterans’ benefits and extending certain benefits to Guard and Reserve members killed on active duty. Allie DeBateau of the Massachusetts Municipal Association testified on H. 3859, which would streamline veterans benefits administration by having the state pay benefits directly rather than reimbursing municipalities quarterly; she said this would reduce local administrative burden while leaving local veterans service officers’ roles unchanged. Committee members asked about municipal support and the fiscal impact, and the hearing concluded with no votes taken, followed by adjournment.

Transcript Highlights:

• significant increase in inflation. significant increase in inflation.
• looking at it adjusted for inflation. looking at it adjusted for inflation.
• You can look at it adjusted for inflation year by year.
• That's before we expect to experience inflation greater than that.
• <02:36:33.800> greater expect to experience inflation greater expect to experience inflation

Keywords: 916, all