Transcript Highlights:

• I'd have to give you the exact dollar amounts cuz I'm looking at a forecasted over the entire life of
• I'd have to give you the exact dollar amounts cuz I'm looking at a forecasted over the entire life of
• I'd have to give you the exact dollar amounts cuz I'm looking at a forecasted over the entire life of
• over the entire looking at a forecasted over the entire life<00:10:44.880> of<00:10:45.000>
• Um if we forecast it all of it, >> Yeah.

Keywords: 1183, house

Transcript Highlights:

• Thanks to the data team that you all granted us, on the matter of the large load forecast, we concur
• But if the load forecast materializes, we're going to need a lot more of that type of generation.
• Those same requirements could be used to effectively filter down the load forecast to a realistic number
• The criteria that we're talking about for this improved forecast, that they're meeting those criteria
• So the fact that there is a forecast of a lot more demand coming and the potential for bring your own

Summary: The Senate Committee on Business and Commerce convened to discuss critical infrastructure and supply chain integrity, particularly focusing on Texas's power grid and associated vulnerabilities. The meeting highlighted Texas's recent ranking as 10th in electricity affordability, emphasizing the state's commitment to maintaining a reliable and resilient electric grid. New committee members introduced themselves, and the agenda included testimony from ERCOT and the Public Utility Commission regarding the implementation of the Lone Star Infrastructure Protection Act, which aims to mitigate risks posed by foreign entities to the power grid. Chad Sealy from ERCOT presented updates on the attestation process for market participants, revealing that over 1,500 entities had submitted attestations regarding their corporate structures and affiliations with designated foreign countries. Concerns were raised about the adequacy of the current vetting process, particularly regarding indirect relationships with foreign adversaries. Testimonies from the PUC and the Attorney General's office underscored the challenges of enforcing compliance and the need for improved legislative measures to enhance oversight and security. The committee also heard from experts, including Dr. Emma Stewart from Idaho National Laboratory, who discussed the evolving threats to the grid from foreign adversaries and the importance of securing communication systems. Recommendations included prioritizing inspections of critical components and enhancing collaboration with national laboratories to address vulnerabilities. The discussion concluded with an acknowledgment of the balance needed between ensuring grid security and maintaining affordability for consumers.

Transcript Highlights:

• The first one deals with transparency. so that we can't can have accurate forecast.
• And so one of the problems we had was there wasn't accurate forecasting.
• that we heard just last year the revised forecast of the of the demand over the next I guess it's till
• And so what part Part of this bill is load forecasting and getting a better grasp so that we as a state
• So these flexible load programs programs, having backup generation, doing better forecasting, all of

Bills: SCR5, SCR13, SB3, SB6, SB10, SB12, SB13, SB15, SB17, SB18, SB19, SB24, SB35, SB57, SB65, SB112, SB284, SB290, SB388, SB400, SB402, SB412, SB495, SB499, SB502, SB509, SB621, SB706, SB740, SB815, SB842, SB854, SB875, SB893, SB917, SB974, SB1025, SB1061, SB1073, SB1106, SB1268, SB1281, SB1300, SB1362, SB1379, SB1447, SB1451, SB1555, SB1902, SJR36, SJR12, SCR13, SCR25, SCR5, SCR22, SCR12, SCR24, SB495, SB412, SB10, SB18, SB565, SB372, SB842, SB765, SB62, SB19, SB666, SB707, SB888, SB687, SB706, SB847, SB290, SB13, SB1248, SB740, SB14, SB1006, SB504, SB917, SB925, SB388, SB1902, SB1121, SB995, SB857, SB305, SB296, SB284, SB35, SB6, SB815, SB3, SB1281, SB1379, SB1300, SB1497, SB1499, SB1498, SB1451, SB1061, SB15, SB65, SB241, SB304, SB402, SB499, SB621, SB974, SB1023, SB1024, SB1025, SB1106, SB686, SB112, SB371, SB204, SB400, SB609, SB1447, SB670, SB502, SB427, SB850, SB854, SB413, SB1555, SB1362, SB1346, SB1033, SB1220, SB1073, SB810, SB987, SB1539, SB893, SB447, SB875, SB406, SB509, SB985, SB965, SB17, SB1119, SB1505, SB12, SB24, SB57, SB1194, SB1253, SB1215, SB1532, SB1268, SB1302, SB856, SB650, SB583, SB673, SB840, SJR57, SCR8, SB213, SB681, SB1172, SB1252, SB378, SB610, SB918, SB1343, SB608, SB487, SB955, SB957, SB988, SB990, SB1019, SB1021, SB1120, SB251, SB958, SB535, SB761, SB1, SB541, SB315, SB379, SB1018, SB1737, SB266, SB1415, SB3, SB6, SB15, SB35, SB290, SB706, SB842, SB917, SB1281, SB1451, SB1902, SB12, SB13, SB17, SB19, SB388, SR261, SR265, SR276, SR277, SR281, SR286, SR293, SCR5, SCR13, SB2425, SB2880, SB10, SB12, SB13, SB17, SB18, SB19, SB388, SB412, SB495, SB2425, SB2880

Keywords: SCR 5, Senate Concurrent Resolution 5, Texas School for the Deaf, TSD, Robert Rives, gymnasium naming, building naming, honorary resolution, commemorative resolution, deaf education, hard of hearing, Gallaudet University, alumni hall of fame, football coach, school facility naming, education K-16, State Affairs, Texas Legislature, public school tribute, water rights

Transcript Highlights:

• The governor's budget forecast that the Proposition 98 guarantee amount for 2025-26 will be $118.9 billion
• , so $3.6 billion more than forecast at the 2024 Budget Act. 2023-24 remains in Test 2, while both 2024
• The other source of forecasting uncertainty is the tax payment extensions in Los Angeles County.
• However, they have gone back to what we have long forecasted to be more the norm.
• The first is yes, that is the forecast.

Summary: The Assembly Budget Subcommittee on Education Finance met for its annual Proposition 98 overview, with Chair Alvarez outlining the committee’s focus on K-12 funding, student outcomes, and use of one-time funds. Superintendent Tony Thurmond gave an update on education issues, including wildfire recovery support for affected school communities, ongoing concerns about federal threats to education funding and immigration enforcement, progress on literacy and math, dual-language immersion, educator housing, and support for dual enrollment. Members broadly expressed support for these priorities, while also raising concerns about implementation, funding stability, and the need for schools to remain safe places for students. The committee then reviewed the Governor’s Proposition 98 proposal. The Department of Finance said the 2025-26 Proposition 98 guarantee is projected at $118.9 billion, with higher revenues and TK-related rebenching driving the increase. The LAO said the budget adds about $7.5 billion over two years and discussed the volatility of the guarantee, especially in 2024-25, when changes in revenue could have an outsized effect on school funding. Members questioned the proposed $1.6 billion delayed settle-up payment, the legal basis for delaying it, and the impact of possible federal funding freezes. The LAO presented alternatives such as a reserve deposit or delayed disbursement, while Finance said the proposal is intended to manage uncertainty. Members also raised concerns that ethnic studies implementation was not funded in the January budget, and Finance said the administration was not proposing funding for it. The committee next heard on the Proposition 98 rainy day fund and education deferrals. Finance said the reserve would receive a mandatory deposit of about $1.2 billion in 2024-25 and a discretionary deposit of $376 million in 2025-26, leaving a balance of about $1.5 billion. The LAO supported rebuilding the reserve as a way to manage volatility. On deferrals, Finance described the Governor’s plan to eliminate remaining deferrals by 2025-26, and the LAO said paying them off improves cash flow and budget resilience. Members generally supported eliminating deferrals and rebuilding reserves, though some asked about acting earlier if revenues allow. The committee also reviewed the proposed $1.8 billion student support and professional development block grant; Finance said it would fund professional development, recruitment and retention, and dual enrollment, while the LAO recommended clearer language on local discretion and use for one-time costs. Members were divided, with some supporting flexibility and others warning that one-time block grants can create instability and confusion for districts.

Transcript Highlights:

• We can use the data we collect to forecast congestion in the future.
• So what you're seeing here is a heat map of the forecast congestion in 2045, and you can see how this
• Those are the areas where that congestion is forecast to be the most severe.
• We can use the data we collect to forecast congestion in the future.
• So what you're seeing here is a heat map of the forecast congestion in 2045, and you can see how this

Summary: The committee met to receive a base budget overview for agencies under its jurisdiction, which include the Division of Emergency Management, Department of Commerce, Department of State, Department of Transportation, Department of Military Affairs, and Department of Highway Safety and Motor Vehicles. Staff explained the budget format and noted that the Legislature appropriated more than $20.2 billion to these agencies in the current fiscal year, a 66.7% increase over 10 years. The Department of Transportation then presented on the Moving Florida Forward initiative, describing it as a $7 billion effort to advance 20 major congestion-relief projects statewide. Secretary Jared Perdue said the department is ahead of schedule, with 14 of 20 projects expected to be underway by the end of the calendar year. He highlighted major projects including I-4 in Polk and Osceola counties, I-75 improvements, Southwest 10th Street in Broward County, Fruitville Road, Capital Circle in Tallahassee, and I-275, and discussed innovations such as aggregate supply grants, modified phase design-build, workforce hiring events, and voluntary acceleration. Senators asked about business impacts from construction, tourism-related transit funding, aggregate sourcing, and labor shortages; the secretary said FDOT works with local businesses and that additional revenue sources for transit would require legislative action. The Department of Highway Safety and Motor Vehicles reviewed motorist services, revenue collection, licensing, vehicle titling, specialty plates, insurance compliance, driver safety, and commercial driver licensing. Officials said the department collected about $2.9 billion in revenue in fiscal year 2023-24 and described modernization efforts, including electronic verification systems, Real ID compliance, mobile licensing units, and a planned digital driver license. Members asked about the driver license backlog in Miami-Dade and Broward, and the department said service delays were driven by growth and staffing constraints but should improve with $7.5 million in recent funding and the eventual transition of services to county tax collectors. Questions also addressed temporary paper licenses and birth certificate fraud prevention. The Department of Commerce presented on the Job Growth Grant Fund and Visit Florida. Commerce said the grant fund, created in 2017, has awarded $257 million to 70 projects in 37 counties since 2019, with demand exceeding supply about four to one. Officials emphasized that the program supports targeted industries and workforce and infrastructure projects, and they highlighted examples in CDL training, semiconductors, advanced manufacturing, and health care. Senators raised concerns about small businesses affected by transportation construction, and Commerce said it has an Office of Small Business Innovation and other tools, though the grant fund is limited by statute to targeted industries. Visit Florida then described its public-private tourism marketing role, saying the state’s $80 million appropriation is matched by private investment and that the latest EDR review found a $3.30 return in tax revenue for every state dollar spent. Visit Florida reported record visitation and tourism spending, along with hurricane recovery marketing and rural promotion efforts.

Transcript Highlights:

• One, what we're showing in a scenario analysis is not intended to be a forecast.
• It's not a forecast.
• :13.080> spoke<00:23:13.440> to<00:23:14.440> uh<00:23:14.840> the a forecast
• intended to do um it's not a forecast intended to do um it's not a forecast it's<00:23:33.279>
• So again, it's not intended to be a forecast of what we expect to actually happen for the state.

Keywords: 1187, senate, all

Transcript Highlights:

• trustees, and annually in the Legislature's adoption of the Budget Act, which includes an enrollment forecast
• communities plans, which are also the foundation for RHNA, and that they must share their full enrollment forecasting
• There's no actual enrollment forecast information underneath that for them to be able to assess, for

Summary: The Assembly Housing and Community Development Committee met with a quorum and announced that SB 340 would be moved to a later hearing. The consent calendar included HR 44, SB 233, and SB 410, which were later approved. The committee then heard several housing-related bills, with testimony largely focused on streamlining accessory dwelling unit (ADU) rules, regional planning, and homelessness response. SB 9 would require local agencies to submit ADU ordinances to HCD within 60 days and respond to HCD findings within 30 days, or the ordinance would become null and void and state standards would apply. Supporters, including California YIMBY, Casita Coalition, UnidosUS, Housing Action Coalition, and Power California, argued the bill would strengthen enforcement of existing ADU law and reduce local barriers. The bill passed 7-0 with two abstentions and was sent to the Assembly Local Government Committee. SB 486 would exempt UC and CSU projects from having to analyze a no-project alternative under CEQA while requiring the universities to share enrollment forecasting data and participate in regional sustainable communities planning. It passed 9-0 and was referred to the Assembly Natural Resources Committee. SB 748, as amended, would expand funding and authority for safe parking sites and related services for people living in RVs or vehicles, using encampment resolution funding and requiring reporting by the California Interagency Council on Homelessness. The City of Compton, the Western Manufactured Housing Communities Association, and the League of California Cities supported the measure, emphasizing public health, neighborhood safety, and humane alternatives to displacement. The committee members discussed the limits of current encampment cleanup approaches and the need for services and temporary shelter; the bill passed 11-0 and was sent to the Assembly Human Services Committee. SB 543, a cleanup bill for ADU and junior ADU law, clarified review timelines, size standards, and consistency with existing ADU statutes; it also passed unanimously and was referred to the Assembly Local Government Committee.

Transcript Highlights:

• As we move into page number two, we'll have here the update of the forecast, so the cumulative deviation
• from the FNA net general revenue available for distribution forecasts.
• So, originally, the forecast had an expected surplus of $185 million.
• Now with the updated forecast by the FNA, there's an expected surplus of $334 million.

Keywords: 1204, all

Transcript Highlights:

• You know, when you look at the forecasts for artificial intelligence, we look a lot at economic forecasts
• When you look at the forecasts for artificial intelligence, we look a lot at economic forecasts.

Summary: The Higher Education Appropriations Committee met for its first session of the year, took roll, welcomed new member Senator Bracey Davis, and had members briefly describe their backgrounds and interest in higher education. Chair Harrell framed the committee’s focus on maintaining Florida’s top national ranking in higher education and workforce development, with an emphasis on funding decisions tied to student success, workforce needs, and the state college system. Senior Chancellor Kevin O’Farrell presented the Department of Education’s workforce and Florida College System budget requests and data. He described requested increases for adult education, Florida College System program funding, workforce development, and several grant programs, including workforce capitalization, apprenticeship/teacher apprenticeship, Open Door, and CAPE industry certifications. He highlighted record enrollment and completion growth across Florida’s colleges and technical centers, major gains in career dual enrollment, and expansion in programs such as nursing, AI, cybersecurity, welding, HVAC, and manufacturing. Members asked about labor-market demand, the impact of artificial intelligence on future job training, teacher apprenticeship details, mission creep and duplication in CTE programs, student placement and wages after graduation, and articulation between technical college clock hours and college credit. South Florida State College President Fred Hawkins testified about challenges facing a rural college, including low local college-going rates, long travel distances, limited faculty recruitment due to salaries, and the need for more operational funding to expand capacity. He cited strong job placement and licensure outcomes in nursing, dental hygiene, EMT/paramedic, and radiography, and said the college is exploring AI tools to improve student services and reduce staffing pressure. Pinellas Technical College Executive Director Mark Hunter described strong dual enrollment, high job placement, employer partnerships, and a reported 400% return on investment, while also warning that many programs have waiting lists because of staffing and equipment constraints. He explained how technical college coursework is aligned with state college credit through content-based articulation agreements. The committee then opened the floor for public comment, but no additional business was taken up, and the meeting adjourned.

Transcript Highlights:

• little more complicated, so bear with me a second, but in the fund balance that's published for the forecast
• published but in the fund balance that's published for<00:01:57.360> the<00:01:57.520> forecast
• of<00:01:58.560> you<00:01:58.799> may<00:01:58.960> recall for the forecast
• , some of you may recall for the forecast, some of you may recall that<00:01:59.360> there<00:

Keywords: 1187, senate, all

Transcript Highlights:

• how will shifting oversight of the public hurricane loss projection model from FIU to FSU improve forecasting
• willing on the number-crunching side to help us understand how rates work and do a better job of forecasting
• However, I think my concern is hurricane forecasting, hurricane risk—what are we doing to mitigate that
• Yes, we will continue to have excellent hurricane forecasting.

Summary: The committee met with a quorum and heard five bills. HB 1097 would rename the Florida Catastrophic Storm Center at FSU as the Florida Center for Excellence in Insurance and Risk Management, transfer the public hurricane loss projection model from FIU to FSU, and provide recurring and nonrecurring appropriations to support independent insurance research and collaboration with OIR and other universities. Members discussed university roles, model oversight, independence from industry funding, and student/workforce benefits. The bill passed favorably on a roll call vote. HB 319 would create a regulatory framework for virtual currency kiosk businesses, requiring registration with the Office of Financial Regulation, consumer disclosures, and penalties for violations. Much of the discussion focused on fraud prevention, especially for seniors, and whether the bill should include transaction caps or stronger recovery tools; AARP supported the bill but urged additional protections. The bill passed favorably. CS/HB 385 made technical changes to the Florida Trust Code and Community Property Trust Act, including decanting, trustee claims, redemption by satisfaction, and homestead transfer treatment; an amendment conforming to the Senate version was adopted, and the bill passed favorably. CS/HB 97 would allow service of process for exploitation injunctions against unascertainable scammers through the same communication method used to contact the victim, such as text or social media, and would let courts freeze funds temporarily while the matter is heard. Testimony from elder law practitioners and AARP supported the bill as a tool against scams, while some members raised due process and overreach concerns; the bill passed favorably. HB 839 would shorten the overpayment recovery window for claims submitted to psychologists and HMOs to match other health providers, with the goal of improving parity and access to mental health care; an amendment was adopted, and the bill passed favorably. The meeting concluded with adjournment after the final roll call votes.

Transcript Highlights:

• JR is very small, and oftentimes this comes up in our caseload forecast council meetings where, you know
• Forecast continues to project up, with adult sentence residents growing, especially the post-25s.
• The caseload forecast council will be final in November, but early data shows that there continues to
• And I'm sure we're looking at a really rosy budget forecast coming forward.
• And I'm sure we're looking at a really rosy budget forecast coming forward.

Summary: The committee began with a work session on juvenile rehabilitation institution capacity, services, and staffing. DCYF Assistant Secretary Jennifer Redmond described overcrowding at Green Hill School and Echo Glen, driven by longer adult-style sentences extending past age 25, limited community placements, and small facility sizes. She said Green Hill remains above safe operating capacity, but staffing, injuries, large-scale aggression, and use-of-force incidents have improved over the past year. She also discussed Harbor Heights, a new 46-bed flex facility that had opened with 22 youth and would expand once a medical trailer arrives, as well as community transition services, vocational programming, behavior management reforms, and a request for more resources for mental health-focused facilities and staffing. Members asked about success metrics, developmental disability screening and supports, college access at Echo Glen, Mission Creek planning, and gender-responsive programming; Redmond said JR uses assessments, family involvement, and specialized living units, and that some requested funding had already been secured for returning a girls’ program at Echo Glen. The committee then heard from Team Child and the Youth Action Coalition. Greta Schultz said youth perspectives should guide system reforms and identified key concerns: overuse of sentence extensions, underuse of community transition services, continued criminal referrals from Green Hill to Lewis County, limited family contact, inadequate mental health access, and unequal education opportunities, especially for young women at Echo Glen. Justella Gonzalez, a former system-involved youth, said her time in county and state facilities was harmful, with staff mistreatment, poor education, limited therapy access, and humiliating restraint practices; she also said girls at Echo Glen lacked the same college opportunities as boys at Green Hill. Committee members asked for follow-up on county versus state experiences and on telehealth mental health services. The next presentation covered county-level services for youth involved or at risk of involvement with the justice system, led by juvenile court administrators Christine Simon-Smeyer and Judge Rachel Anderson. They outlined the juvenile court continuum from prevention and truancy work through diversion, detention alternatives, community supervision, and disposition alternatives, emphasizing evidence-based, trauma-informed, and restorative practices. Clark County was used as an example of a court that partners closely with schools and community providers, uses risk assessments and wraparound behavioral health probation, and offers detention alternatives without electronic home monitoring. They said most courts do not use detention for status offenses, but instead use court involvement to connect youth to services. They also described funding, noting that courts rely on a mix of state block grant and local dollars, and that recent cuts to early intervention funding reduced programming and staff hours. Members asked about detention for truancy, developmental disability identification, restorative justice practices, and the juvenile block grant. Finally, DCYF Assistant Secretary Nicole Rose and Katie Warren of the Washington State Association of Head Start and ECAP discussed child care and early learning impacts from recent policy and budget changes. Rose said Fair Start for Kids investments had increased child care access, provider participation, and kindergarten readiness, with more than 60,000 children in Working Connections care and rising ECAP enrollment and provider capacity. She said recent reductions will raise most family copays in 2026, delay eligibility expansions, eliminate some expanded eligibility categories, reduce ECAP slots by about 3,000, delay entitlement timelines, and cut provider supports such as rate increases for centers, complex-needs grants, trauma-informed and dual-language incentives, and infant/early childhood mental health consultation. Warren emphasized ECAP’s role in family stability, workforce participation, and reducing poverty, and noted its two-generation approach to supporting both children and parents.

Transcript Highlights:

• where we're going to be diving deeply into the budgeting team that actually looks at the labor forecasting
• we're going to be sitting down with them, understanding their organizational structure, their labor forecasting
• that on track and rethink how they do that work so they can accurately budget more effectively and forecast
• So I know that's a lot of... ...it more effectively and forecast for the future.
• So my question is, and we talked about staffing, modeling, labor forecasting: are we at the right numbers

Summary: The committee met to hear an update from Washington State Ferries on capital projects and workforce issues, beginning with a briefing on the agency’s long-term fleet and terminal needs. WSF officials described the history of underinvestment after the late 1990s, the current fleet reduction from 25 to 21 vessels, and the need to keep older boats in service while moving toward a 26-vessel long-range fleet and hybrid-electric operations. They said the agency is transitioning to a new vessel procurement strategy, with Eastern Shipbuilding selected to build up to three 160-car hybrid-electric ferries, and outlined a schedule that includes contract execution, about a year of design work, steel cutting in fall 2026, and several years of construction. Members raised concerns about the higher cost of electrified vessels, the length of the schedule, the adequacy of liquidated damages and incentives, the risks of building in Florida and transporting vessels to Washington, and whether the contract sufficiently protects the state from cost overruns and design problems. The committee also received an update on the Wenatchee conversion, which officials said is days away from entering service as the first large hybrid-electric ferry conversion. WSF explained that the conversion combined required midlife preservation work with propulsion upgrades and battery installation, and that the project took longer and cost more than originally expected because it was a prototype with significant lessons learned. Officials said the Tacoma and Puyallup conversions would follow later, but those decisions were being delayed until after the World Cup to avoid service disruptions. Members asked about the cost-effectiveness of the conversion, the expected fuel and emissions reductions, and what happens to engine crews during long conversion periods; WSF said crews were embedded in the project and that the conversions should reduce diesel use substantially once terminal charging is available. The meeting then shifted to workforce development, with Siegel consultants reviewing their 2021 and 2024 studies of ferry staffing, overtime, recruitment, and workplace culture. They said the earlier problems stemmed from seasonal staffing practices, low winter hours, limited career progression, a narrow maritime recruiting pipeline, and a culture that made retention difficult. Since then, they reported major improvements: staffing has increased from about 1,500 to 1,900, turnover has fallen, captain and engineer shortages have eased, and recruitment has broadened beyond the traditional maritime pool, including more women and other underrepresented workers. They credited new programs such as guaranteed hours, paid pilotage, AB-to-mate pathways, and the “Turning of the Tide” culture campaign, while noting remaining issues with communication, HR access, accountability, and quality of life. Members generally acknowledged the progress but asked whether staffing levels are now sufficient and how interchangeable crews are across vessels and routes. Finally, terminal engineering staff began a presentation on capital terminal work, starting with the Fauntleroy Ferry Terminal. They described the terminal’s age, low elevation, vulnerability to sea level rise and earthquakes, and the need for replacement piles, beams, and improved vehicle circulation. The agency said it has completed a planning and environmental linkage study, is moving into NEPA/state environmental review, and has been working with the community to balance the needs of Southworth and Vashon riders with neighborhood concerns in Fauntleroy. The preferred alternative is a larger offshore dock footprint that would improve capacity and reliability while reducing impacts to eelgrass habitat. The meeting ended before the terminal discussion was complete.

Transcript Highlights:

• providing funding for students eligible for the Family Empowerment Scholarship Program that are above forecasted
• The bill allows the Department to provide funds to scholarship funding organizations based on forecasted
• Organizations based on forecasted scholarship numbers.
• We forecast, or at least I forecast, it is not unlikely...

Keywords: 999, senate, all

Transcript Highlights:

• That slight decline is not due to a declining economy or lower forecast of revenue growth, but included
• Uh, this, this is, this is a forecast year.
• These, these estimates, um, are for fiscal 27 forecast, but.
• For total sales tax forecast of 54.8 billion.
• Uh Pretty frequently, uh, we end up with because we often have forecast property tax growth conservatively

Transcript Highlights:

• That slight decline is not due to a declining economy or lower. forecast of revenue growth, but included
• This is a forecast year, these estimates are for fiscal. 27 forecast, but for total sales tax forecast
• We do get that Pretty frequently, we end up with because we often have forecast property tax growth conservatively

Keywords: 1184, house, all

Transcript Highlights:

• performance of the economy, the stock market, and cash receipts, leading to an upgraded revenue forecast
• There are a lot of things in motion, and as the LAO has noted in its November forecast, our baseline
• opinion, because there has been continued strong tax collection, even since we did our November forecast
• I read in preparation for today that caught my attention was page three of the LAO report, which forecasts—although
• issue that the state does face are these large and even growing operating deficits, according to our forecast

Keywords: 988, house, all

Transcript Highlights:

• Um, as part of our feasibility study, we hired a third-party firm to do an economic impact forecast.
• We were so—rather than just look at any forecast—we really looked historically at what Lexington has
• And while the FAA's forecasts were more aggressive, we decided to just really look at what we've done
• <00:51:04.559> So<00:51:04.800> we forecast gets us to about 2030.
• So we forecast gets us to about 2030.

Keywords: 958, all

Summary: The Budget Review Subcommittee on Economic Development and Tourism met to hear presentations on a proposed downtown Lexington Arts Center. Visit Lex opened by framing the projects as regional economic development efforts that could support tourism, quality of life, and workforce attraction and retention. NextStage Development Corp. and ATG Entertainment then described a proposed $120 million project featuring a 2,500-seat performing arts center and a 20,000-square-foot visual arts gallery, with plans for up to 180 events a year, over 300,000 annual visitors, and an opening target of 2029. The presenters said the project would be funded through a $30 million state request, $30 million from ATG Entertainment, and $60 million raised by the nonprofit through philanthropy and other financing sources. They cited a feasibility study by Sound Diplomacy and compared the proposal to the Durham Performing Arts Center, arguing that similar venues have driven downtown revitalization, tourism, and economic activity in other cities. They also said the venue would include community access, school partnerships, subsidized tickets, and revenue returned to the nonprofit for grants and arts programming. Members asked about the total cost, the funding mix, whether the city of Lexington would contribute, and the building’s design. The presenters said they are in contact with city officials and are seeking city support, but have not yet hired an architect or begun conceptual design. They said the design process will involve community input and should fit Lexington’s historic downtown character. Representative Whitten asked whether the project would compete with Louisville; the presenters responded that their market analysis suggests the venue would serve audiences from Lexington, eastern Kentucky, and surrounding areas who are unlikely to travel to Louisville or Cincinnati, making the project complementary rather than competitive.

Transcript Highlights:

• The benefit of a historical test year would be to have more efficiency, more cost control, forecasted
• Obviously there’s a forecasted test year, but grounding those forecasts to actual past results if possible
• <00:25:40.480> So forecasting for needs going forward.
• So forecasting for needs going forward.
• > forecasts<00:25:49.840> to<00:25:50.080> actual but grounding those forecasts

Keywords: 912, senate, all

Summary: The Senate Commerce and Consumer Protection Committee held an informational briefing on the Public Utilities Commission’s performance-based regulation (PBR) framework and the Department of Commerce and Consumer Affairs’ whistleblower complaint process. Chair Jared Kohole opened the meeting, noted it was informational only with no public testimony, and explained that members would hear presentations and then have an opportunity for questions. The committee heard first from Ulupono Initiative, which provided background on why utilities are regulated, how Hawaii’s cost-of-service model and rate cases work, and why PBR was adopted to shift utility incentives away from a capital-investment bias and toward performance, efficiency, cost control, and policy goals such as renewable energy and reliability. Ulupono described Hawaii’s PBR structure as a five-year multi-year rate plan with annual revenue adjustments, a customer dividend, a Z factor for extraordinary exogenous events, and an exceptional project recovery mechanism for large projects. It also outlined performance incentive mechanisms tied to renewable portfolio standard progress, interconnection speed, reliability, and shared savings. The presentation said the current docket is evaluating a possible hybrid approach that would combine forward-looking forecasting with historical results, and Ulupono advocated for stronger incentives, arguing the current rewards are too small relative to utility revenues and should be more meaningful to better align utility behavior with legislative intent. The PUC then presented its own overview, emphasizing that the PBR docket is open and active and that the briefing was limited to the record to avoid ex parte concerns. The commission described the development of PBR in Hawaii through multiple phases beginning in 2018: an initial collaborative phase to set goals, a formal contested-case phase that produced the initial framework, later phases adding scorecards, reported metrics, and additional performance incentive mechanisms, and subsequent refinements including sunset of some mechanisms and adjustments after the August 2023 Maui wildfires. The PUC said the framework is intended to be customer-centric, administratively efficient, and protective of utility financial integrity, and that current work includes evaluating how to balance forward-looking and historical test-year approaches within the rebasing process. No votes or formal actions were taken at the briefing.

Transcript Highlights:

• Representative Kraft responded that it is difficult to forecast these things.
• If anything, the forecasts have undershot the costs over and over again with solar.
• <01:12:32.640> One<01:12:32.800> of<01:12:32.880> the difficult to forecast
• One of the difficult to forecast stuff.
• was first come out and you can forecast was first come out and you can forecast that.<01:12:56.400

Bills: HF4308, HF4153, HF4703, HF4711

Keywords: HF4308, Monticello nuclear plant, Prairie Island, renewable development account, RDA, nuclear waste, spent fuel, dry cask storage, utility tax, commercial-industrial property tax, state general levy, property tax exemption, residential heating fuels, natural gas tax exemption, electricity sales tax exemption, year-round sales tax exemption, distributed solar energy standard, solar mandate, community solar, grid modernization