Video & Transcript Research : 'forecast adjustment'

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TX

Texas 89th Regular

Ways & Means Aug 22nd, 2025

Ways & Means

Transcript Highlights:
  • appropriate to consider exceptions for cities which have had flat or decreased tax rates, and To adjust
  • And over that time, I've seen our city adjust every single time.
  • On an inflation-adjusted basis, my residents, on average, will go from just under $1,800 per year to
  • So, adjusting for inflation, they're going to pay $3 more per year. And you are one entity.
  • So when we talk about adjusting it down...
Bills: HB17, HB23, SB 10
AZ

Arizona 2026 Regular Session

04/28/2026 - Joint Appropriations

Appropriations

Transcript Highlights:
  • Chair, there was a statewide adjustment to provide a cash infusion generated from employer premiums of
  • It's forecasted by the U.S.
Summary: The committee met in a special joint appropriations session to review the FY 2027 budget package, including House Bill 4138 and Senate Bill 1831, the general appropriations or “feed” bills. Staff described the budget as including a one-time transfer of state funds, a 5% lump-sum reduction to most agencies’ discretionary general-fund budgets, continued funding for the state health insurance plan and school facilities, and various one-time restorations or reversions of prior appropriations. Members spent much of the meeting clarifying how the 5% reductions would work, noting that formula and mandatory funding such as K-12 basic aid are excluded, while the governor’s executive branch would decide how to implement the cuts within agencies. The chair repeatedly emphasized that the committee was not specifying line-item cuts and that agencies would have discretion over implementation. A large portion of the discussion focused on the practical effects of the budget on universities, public safety, health care, rural programs, and fund sweeps. Arizona Board of Regents and university representatives said the proposed reductions would amount to more than $85 million statewide and could affect programs such as the Arizona Promise Program, Teachers Academy, and tuition freezes, though no specific program cuts were written into the bill. Other testimony raised concerns about fund sweeps from encumbered balances, including university research funds, housing trust funds, utility regulation funds, and ADOT-related accounts, with some members warning about possible impacts on rural infrastructure and federal matching dollars. The committee also discussed the state employee health plan, including a $228 million general-fund infusion and proposed employee premium increases over three years, as well as questions about corrections, forestry and fire management, and rural critical access hospitals. Public testimony was largely opposed to the budget. Speakers from Opportunity Arizona, the Arizona Board of Regents, health care, and local government argued that the package would reduce support for education, housing, SNAP, health care access, and rural communities while preserving tax benefits for data centers and wealthy taxpayers. A mayor from Globe described severe flood damage and asked for state help for a flood relief fund, while a motorcycle safety advocate questioned a proposed transfer from the motorcycle safety fund. Committee members debated whether the budget’s effects should be described as speculative or as likely consequences of the broad cuts, and several exchanges became contentious over comparisons to the Great Recession and references to federal tax policy. The meeting ended with continued public testimony and no final vote taken in the portion provided, though leadership had earlier said the committee planned a mass roll-call vote on all the bills at the end.
TX

Texas 89th Regular

State Affairs May 19th, 2025

State Affairs

Bills: HB46, HB272
Summary: The Senate Committee on State Affairs heard several House bills and took no final votes, leaving each bill pending after testimony. HB 272 would align venue and evidentiary rules for fraudulent use or possession of credit/debit card information with existing credit card abuse law; the sponsor said it would improve prosecutions, and the Texas Financial Crimes Intelligence Center supported it. HB 1661 would increase penalties for certain election-related offenses, including failure to distribute election supplies and early release of election results; no substantive opposition was heard. HB 551 would protect the residential addresses of people who receive campaign expenditures on public Texas Ethics Commission reports, similar to donor privacy protections, and a witness from Texas Eagle Forum later indicated support for the privacy change. The committee also heard HB 2820, which would raise the amount charitable bingo organizations may keep in operating capital from $50,000 to $100,000. The sponsor and a Texans for Charitable Bingo representative said inflation and operating costs have made the current cap too low and that the bill would help charities maintain stable operations without expanding gaming. HB 3181 would impose stronger consequences for repeated denial of court-ordered child possession and access, including limiting probation and requiring attorney’s fees after multiple contempt findings; a family court judge and a parent testified in support, while another witness argued the bill should be paired with stronger criminal enforcement and that parents already face high costs. HB 4157 would update Texas law for commercial spaceflight by recognizing liability waivers and preserving workers’ compensation rights; no one testified against it. The committee also heard HB 4145, which would let health care providers satisfy a timely billing requirement by sending bills to a patient’s legal representative in a personal injury case, closing what supporters described as a loophole in letter-of-protection situations. Finally, HB 46, relating to the Texas Compassionate Use Program, drew the most extensive discussion: supporters said it should expand access for legitimate medical cannabis patients and add more delivery methods and conditions, while opponents warned against broader marijuana expansion and questioned adding chronic pain and other conditions. The sponsor said he still supports the program and wants a balanced, regulated expansion, but noted the bill is still being worked on. All bills were left pending at the close of the hearing.
MN

Minnesota 2025-2026 Regular Session

House Education Finance Committee 3/4/25

Education Finance

Transcript Highlights:
  • I do know that we are looking for a forecast on Thursday.
  • on Thursday I do realize that forecast on Thursday I do realize that but<00:49:15.359> let's<
  • It's a technical corrections aid and levy adjustment that will be placed on the General Register.
  • House File 921 is a technical corrections aid and levy adjustment that will be placed on the General
  • the college opportunities, and if it isn't working for any student, we have options to be able to adjust
Bills: HF984, HF921, HF922
MN

Minnesota 2025-2026 Regular Session

House Human Services Finance and Policy Committee 3/12/26

Human Services Finance and Policy

Transcript Highlights:
  • It requires a cost-of-living adjustment to be built into the Waiver Reimagine Phase 2 methodology, and
  • <00:34:32.639> cost<00:34:32.879> of<00:34:33.040> living<00:34:33.280> adjustment
  • It requires a cost of living adjustment It requires a cost of living adjustment to<00:34:33.839>
  • This bill gives families like mine the opportunity to adjust to the budget cuts without it causing catastrophic
  • We ask that the cuts not be more than 10% to allow responsible parties like myself to adjust, determine
Bills: HF3174, HF3800
TX
Transcript Highlights:
  • This bill seeks to clarify in statutes when school districts adjust a common boundary.
  • This process is called a minor boundary adjustment, which can only be used...
  • When they made that move, A minor boundary adjustment, some of that land, even though it was minor and
  • So it's very minor adjustments. Very good. Thank you, Senator Nichols.
  • So by clarifying the Texas Education Code's minor boundary adjustment wording to specify that contracts
MN

Minnesota 2025-2026 Regular Session

House Commerce Finance and Policy Committee 4/15/26

Commerce Finance and Policy

Transcript Highlights:
  • We're also making technical adjustments to the reinsurance program.
  • As far as public adjusters go, generally, the public adjusters are taking 20% of whatever the value of
  • As far as public adjusters go, generally, the public adjusters are taking 20% of whatever the value of
  • I ended up going to a public adjuster, and it was very beneficial at work.
  • I'm a public adjuster. I was operating in the area after the storm.
WY

Wyoming 2026 Regular Session

House Revenue Committee, February 17, 2026

Revenue

Transcript Highlights:
  • And so it will require that increase to the appropriation, and the adjustment for inflation cost will
  • increases liability claims for those governmental entities and ties those limits to ongoing inflation adjustments
  • 21:27.920> inflation those limits to ongoing inflation those limits to ongoing inflation adjustments
  • <01:21:29.600> for<01:21:29.920> municipalities, adjustments for municipalities, adjustments
HI

Hawaii 2026 Regular Session

CPC Public Hearing - Tue Feb 3, 2026 @ 2:00PM HST

Consumer Protection & Commerce

Transcript Highlights:
  • cost a year for excessive drinkers and non-excessive drinkers, less than $5 a year for the tax adjustment
  • cost a year for excessive drinkers and non-excessive drinkers, less than $5 a year for the tax adjustment
  • cost a year for excessive drinkers and non-excessive drinkers, less than $5 a year for the tax adjustment
  • Less than $5 a year for the tax adjustment.
  • Um, they adjusted it for this way.
Summary: The committee heard testimony on HB 1991, which would change Hawaii’s liquor excise tax structure to an ABV-based system. The Department of Taxation and the Tax Foundation of Hawaii took no position and stood on written comments. Supporters, including the Hawaii Public Health Institute and an individual testifier who described surviving a drunk-driving crash, argued that higher alcohol taxes reduce alcohol-related harms, save lives, and generate additional state revenue. The public health witness cited alcohol-related harms as a major preventable cause of death and said the tax increase would have only a small annual cost for most consumers. Most industry testimony was in opposition. Representatives of Lanikai Brewing Company, Maui Brewing Company, the Wine Institute, and the Hawaii Food Industry Association said the bill would sharply raise taxes on beer and wine, squeeze already thin margins, and threaten local jobs and businesses. They argued Hawaii producers already face high costs for labor, energy, shipping, and compliance, and said an ABV-based tax would be difficult to administer, would require additional testing and labeling work, and could reduce consumer choice. Several industry witnesses urged lawmakers to instead adopt a small-producer or class 18 carveout, with one suggesting a cap tied to 60,000 barrels. Committee members questioned the brewers about alcohol content testing, labeling, and whether smaller producers already measure ABV. Witnesses said many local producers do not certify ABV for in-state sales, that yeast and fermentation can vary by batch, and that an ABV-based system could require more testing than current practice. No vote or final action on the bill was taken during the portion of the meeting provided.
MN

Minnesota 2025-2026 Regular Session

Edfin Committee Meeting - 2025-04-01

Education Finance

Transcript Highlights:
  • Department goes into the assumptions about this bill, explaining that the seasonal tax base adjustment
  • Maybe make some adjustments, but I don't think we should make any changes to this.
  • After better understanding the intent in Section 1 around the adjustments for the ADM statute for unexcused
MN

Minnesota 2025 1st Special Session

House Education Finance Committee 2/27/25

Education Finance

Transcript Highlights:
  • Every day I get asked as a chair where are you going to find your cuts, unless the forecast is way different
  • 37:39.719> the going to find your Cuts uh unless the going to find your Cuts uh unless the forecast
  • 41.040> different<01:37:41.360> than<01:37:41.560> what<01:37:41.679> we forecast
  • is way different than what we forecast is way different than what we have<01:37:41.960> in<01
MN

Minnesota 2025 1st Special Session

House Education Finance Committee 4/1/25

Education Finance

Transcript Highlights:
  • So it explains that it will be the seasonal tax base adjustment factor that is in section two of the
  • will be the seasonal tax base adjustment will be the seasonal tax base adjustment factor<00:15:34.360
  • I'm all for looking at our budget and seeing where we could maybe make some adjustments, but I don't
  • but I don't think we should adjustments but I don't think we should make<00:58:34.559> any<00
  • Just a few notes: after better understanding the intent in section one around the adjustments for the
TX
Transcript Highlights:
  • One of the Commission's responsibilities is to oversee the Defense Economic Adjustment Assistance Grant
  • requires that the Director of the Texas Military Preparedness Commission establish a Defense Economic Adjustment