Keywords: KY LRC YouTube, https://www.youtube.com/watch?v=IrO5PjqHo0M, 2026-06-21T07:17:08+00:00, 2.2.24, Data collected via generic collector engine, There was a technical issue with the first few minutes of this live stream. The backup copy was pulled and uploaded in it's entirety. Meeting Start - 00:00:00 Roll Call - 00:00:13 Insurance Institute of KY update - 00:04:35 Amendment 808 KAR 010:260 – 00:49:24 Amendment approval - 00:50:09 Department of Financial Institutions update – 00:50:29 Adjournment – 01:09:53, 958, all, 2.2.42, 2.1.47

Transcript Highlights:

• Now, sometimes if a patient does not have insurance, that can become an issue.
• Now, sometimes if a patient does not have insurance, that can become an issue.
• While there are other issues Minnesota.
• has issues with in this the department has issues with in this bill,<01:25:40.239> including<
• I've had cash flow issues is cash flow.

Bills: HF2400, HF1724, HF3437, HF4333, HF2874, HF4052

Keywords: real estate, appraisers, disciplinary actions, sanction matrix, Minnesota Statutes, direct primary care, healthcare agreements, medical services, patient care, health insurance, mortgage fees, residential loans, commercial loans, finance regulations, investment properties, insurance, supplemental health insurance, short-term care, home health care, nursing care

Keywords: KY LRC YouTube, https://www.youtube.com/watch?v=kKEJuQRtsbI, 2026-06-21T07:17:07+00:00, 2.2.24, Data collected via generic collector engine, There was a technical issue that interrupted the previous live stream. This is the committee meeting in it's entirety. Roll Call – 00:00:34 SB 191 – 00:01:38 Vote on SB 191 – 00:15:48 SB 11 – 00:17:16 Vote on SB 11 – 00:23:29 HB 225 – 00:24:49 Vote on HB 225 – 00:39:30 HB 605 – 00:41:08 Vote on HB 605 – 00:46:40 HB 695 – 00:50:19 Vote on HB 695 – 01:09:41 HB 798 Discussion Only – 01:12:42 HB 799 – 01:21:51 Vote on HB 799 – 01:23:27 HB 828 – 01:24:34 Vote on HB 828 – 01:33:23, 958, all, 2.2.42, 2.1.47

Transcript Highlights:

• So essentially, if you had five different firms trying to bid on a contract, three would issue a sort
• There's also the surety bond market, wherein a performance bond is issued to a winning contractor.
• It's not a guaranteed acceptance of a change order.
• Okay, in your discussions with the author, who clearly has seen an issue, probably in his district, and
• The issues are coming up on page two on the average bid method. And so... ...its bid method.

Bills: HR275, HR282, HCR112, SCR62, SCR64, SB513

Keywords: highway maintenance, signage, transportation safety, DOTD, infrastructure, public safety, federal grants, job creation, Utility Terrain Vehicles, UTVs, safety regulations, transportation, Louisiana, task force, vehicle operation, legislation, accidents, HCR112, House Concurrent Resolution 112, Louisiana Highway 1

Summary: The House Transportation Committee met on May 26 with a quorum present and took up several resolutions and one Senate bill. SCR 64 created a task force to study construction management at risk (CMAR) in Louisiana public works; an amendment added representatives from the Louisiana Associated General Contractors and Associated Builders and Contractors, and the resolution was reported with amendments. HR 282 created a task force to study utility terrain vehicles with state agencies; an amendment added the State Fire Marshal, and it was also reported with amendments. The committee then considered SB 513 on public works project delivery methods. The bill originally included an average-bid award method for certain pilot projects, along with airport design-build provisions. Testimony from a Reason Foundation analyst and from the Louisiana Associated General Contractors raised concerns that average-bid contracting could encourage collusion, raise costs, and lacked supporting data or use by U.S. transportation departments, while airport design-build was supported. The committee adopted an amendment in concept to strike the average-bid provisions, leaving the airport-related design-build language in place, and SB 513 was reported with amendments by a vote of 11 yeas and 4 nays. The committee also reported SCR 62 favorably, which urges DOTD to evaluate school zones on state highways in response to safety concerns and near misses, including a fatal incident referenced by the author. HCR 112 was reported favorably to study flooding on Louisiana Highway 1 in Shreveport, and HR 275 was reported favorably to study an interstate highway signage maintenance and reporting program. The meeting concluded after all items were disposed of and the committee adjourned.

Transcript Highlights:

• Polluters Pay Hawaii Coalition in support. issue, especially with authorizing any issue, especially with
• You also brought up a title<00:25:03.080> issue<00:25:03.560> that title issue that title
• issue here? I think we do. issue here? I think we do.
• Yeah, so I think the issue is period.
• Thank you issues in greater detail.

Bills: SB1166, SB888, SB2387, SB2471

Keywords: insurance, climate change, responsible parties, damages, Hawaii Property Insurance Association, Hurricane Relief Fund, civil action, climate disasters, extreme weather, SB888, Hawaii, consumer protection, smart home security, smart household security device, home security camera, video doorbell, Ring, Nest, connected devices, internet of things

Summary: The committee heard SB 1166 SD2, a bill on insurance and climate-related damages that would authorize the Hawaii Property Insurance Association and, in amended versions discussed during testimony, other public and private entities to pursue civil actions to recover losses tied to climate disasters and extreme weather. DCCA’s Insurance Division and the Department of the Attorney General raised legal concerns, saying the bill’s scope may not fit the insurance code section being amended, that it could create subject-matter and title issues, and that some subrogation language may be duplicative of existing rate-filing practice. Lawyers for Justice opposed the measure, arguing it conflicts with existing subrogation law and recent Hawaii Supreme Court rulings that treat the judicial lien process as the exclusive remedy. The American Petroleum Institute also opposed, warning the bill would add liability and litigation risk for companies operating under existing permits and could undermine energy reliability and investment. Supporters said the bill would help shift climate-related insurance costs away from residents and onto fossil fuel companies and other responsible parties. Testimony in support came from the Polluters Pay Hawaii Coalition, Center for Climate Integrity, Hawaii Island Council, Our Hawaii, Sierra Club of Hawaii, and others, who described recent flooding, storm damage, rising premiums, non-renewals, and underinsurance as evidence of a worsening climate-driven insurance crisis. Several supporters urged amendments to give the Attorney General explicit authority to recover insurance-related losses for the Hurricane Relief Fund, HPIA, and private insurers, and to ensure recovered amounts benefit policyholders. Committee members questioned whether HPIA is a private entity, whether the Attorney General could represent it, whether the bill could create double recovery or affect pending climate litigation, and whether insurers would have standing or damages if they are only paying contractual claims. The committee then took up SB 888 SD2, a consumer protection bill that would restrict smart household security device operators from sharing user data with law enforcement without consent or a judicial order, and would bar conditioning device use on such consent. The Office of Consumer Protection testified in support and said an Illinois law could serve as a useful template for exceptions to the warrant requirement. An individual supporter said the measure would protect immigrant communities, judges, and others from surveillance and misuse of private data. No vote was taken during the portion of the meeting provided, and the chair noted additional written testimony submitted in support of SB 1166.

Transcript Highlights:

• <00:31:07.400> and trying to understand these issues and trying to understand these issues
• respective issues so their own entities. respective issues so their own entities.
• um trying to address some of the issues um trying to address some of the issues that<00:32:37.560
• Um, it's a competitive issue.
• our neighbors on this particular issue. our neighbors on this particular issue.

Keywords: An issue was found with the live stream of this meeting. This version was uploaded as a complete version and should contain the entirety of the meeting. Meeting Start 00:00:00 Roll Call 00:00:15 HB 647 Discussion 00:02:00 HB 647 Vote 00:05:47 HB 501 Discussion 00:07:40 HB 501 Vote 00:09:53 HB 502 Discussion 00:11:20 HB 502 Vote 00:14:48 HJR 75 Discussion 00:16:53 HJR 75 Vote 00:17:35 HJR 76 Discussion 00:19:00 HJR 76 Vote 00:19:43 HB 869 Discussion 00:21:22 HB 869 Vote 00:30:00 HB 619 Discussion 00:31:39 HB 619 Vote 00:34:33 HB 356 Discussion 00:36:22 HB 356 Vote 00:40:19 HB 900 Discussion 00:43:17 HB 900 Vote 00:46:21 HB 816 Discussion 00:48:02 HB 816 Vote 00:53:47 HB 9 Discussion 00:55:05 HB 9 Vote 01:18:25 HB 757 Discussion 01:21:04 HB 757 Vote 01:35:55, 958, all

Transcript Highlights:

• , issues relating to Currently, issues relating to residential<00:04:35.040> interconnection<00
• Reviewed interconnection issues.
• That's the issue right there. If I want to improve a car, right? I'm a manufacturer.
• The issue is whether we just the rates.
• Recess. issues uh in prior years you know we issues uh in prior years you know we would<01:13:00.239>

Bills: SB2033, SB2487, SB2497, SB2471, SB2829

Keywords: renewable energy, grid-ready homes, interconnection process, electric utility, energy independence, surcharge, customer access, energy storage, smart inverters, Public Utilities Commission, PUC, electric utility rates, ratemaking, performance-based regulation, performance-based incentives, performance incentive mechanisms, revenue adjustment mechanisms, cost control mechanisms, reward and penalty mechanisms, alternative ratemaking

Summary: The committee first reconvened on SB 2471 and SB 2829, both relating to the powers of artificial persons. After discussion with the Attorney General’s office and a prior Q&A period, the chair said the committee would defer decision-making again, with the intent to return with amended versions of both bills that could gain support from the administration and its lawyers. The measures were deferred to Tuesday, February 10, 2026, in Conference Room 229 at 9:30 a.m. The committee then took up SB 2180, relating to deposits of public funds. Members noted late testimony from the prior day’s joint hearing with the Housing Committee and moved to pass the bill out with amendments, including a defective effective date. The motion carried unanimously among those voting: the chair, vice chair, Senator Lamosao, and Senator Awa voted aye; Senator McKelvey was excused. The measure was adopted. A joint hearing followed on SB 2033, relating to renewable energy and a streamlined grid-ready homes interconnection process. The PUC supported the bill’s intent but raised concerns about the time, resources, and stakeholder input needed to establish the proposed process, and asked for clarification of terms such as “grid-ready homes” and the role of HERA. Hawaiian Electric said it supported the intent but opposed the proposed process and HERA funding use. The Hawaii Solar Energy Association strongly supported the bill, arguing that faster interconnection is needed to meet rooftop solar goals and lower costs over time. Testimony totaled 27 in support, two in opposition, and four with comments. Members questioned costs, consumer protections, and whether the bill would burden low- and moderate-income households; the bill’s supporters said amendments could clarify the definition of grid-ready homes and add guardrails, while acknowledging that upfront costs and interconnection costs would still need to be addressed.

Keywords: KY LRC YouTube, https://www.youtube.com/watch?v=q3hnrs5plSo, 2026-06-21T07:17:07+00:00, 2.2.24, Data collected via generic collector engine, There was a technical issue that interrupted the previous live stream. This is the committee meeting in it's entirety. 00:00:00 Call to Order/Roll Call 00:01:05 Discussion of 24RS HB 170 00:05:17 Roll Call Vote on 24RS HB 170 00:06:25 Discussion of 24RS SB 89 00:10:45 Roll Cal Vote on 24RS SB 89 00:11:44 Discussion on 24RS HB 764 00:13:35 Roll Call Vote on 24RS HB 764 00:14:36 Discussion of 24RS HB 252 00:41:49 Roll Call Vote on 24RS HB 252 00:44:43 Discussion of 24RS HCR 103 00:49:36 Roll Call Vote on 24RS HCR 103 00:51:05 Discussion of 24RS HB 438 00:52:29 Roll Call Vote on 24RS HB 438 00:54:13 Discussion of 24RS HB 766 01:00:33 Roll Call Vote on 24RS HB 766 01:01:51 Discussion of 24RS HB 677 01:03:35 Roll Call Vote on 24RS HB 677 01:05:07 Consideration of Referred Administrative Regulations 01:16:47 Adjournment, 958, all, 2.2.42, 2.1.47

Transcript Highlights:

• This issue is not isolated to Arlington.
• Guaranteed Income Assistance helps meet their needs.
• Guaranteed income benefits all of us.
• Through our guaranteed income programs, we have seen how guaranteed income has helped Texans build brighter
• Guaranteed income programs are your geo.

Bills: HB21, HB211, HB223, HB323, HB524, HB530, HB636, HB762, HB21, HB211, HB223

Keywords: housing finance, multifamily residential, low income, tax exemption, audit requirements, affordable housing, local government, development bonds, housing assistance, financial assistance, low income housing, community support, affordability, veterans housing, community involvement, air conditioning, tenant support, healthcare, elderly, taxation

Bills: HB21, HB211, HB223, HB323, HB524, HB530, HB636, HB762, HB21, HB211, HB223

Keywords: housing finance, multifamily residential, low income, tax exemption, audit requirements, affordable housing, local government, development bonds, housing assistance, financial assistance, low income housing, community support, affordability, veterans housing, community involvement, air conditioning, tenant support, healthcare, elderly, taxation

Transcript Highlights:

• We have lots of issues in my building.
• I think there are a couple of issues, Chair.
• I mean, this bill has of issues, Chair.
• Courts have constitutional issues.
• But, I am to get movement on this issue.

Bills: SB2433, SB2047, SB2425, SB3045, SB2761, SB3001, SB2852, SB2471

Keywords: condominium governance, education trust fund, unit owners, real estate, dispute resolution, financial obligations, community representation, pharmacy benefit managers, maximum allowable cost, transparency, drug pricing, insurance commissioner, contracting pharmacies, healthcare, substance use disorder, SUD, addiction treatment, behavioral health, mental health, rehabilitation

Summary: The committee heard testimony on SB 2433 SD1 relating to condominiums, which would direct the condominium education trust fund toward educational resources for unit owners and require the Real Estate Commission to ensure owners’ interests are represented in funded activities and related rulemaking. Supporters, including the Hawaii Real Estate Commission and a condominium owner advocate, said owners need a seat at the table in condo governance and education efforts. Committee discussion focused on whether the bill was necessary, with the Real Estate Commission indicating it could already use the trust fund for owner education and that owners are already considered stakeholders, though not through a specific commission seat. No vote was taken during the excerpted discussion. The committee then took up SB 2047 SD2 HD1 on pharmacy benefit managers, which would set requirements for maximum allowable cost reimbursement, allow reverse-and-rebill claims after successful appeals, and authorize fines for violations. The Insurance Division offered comments, the Hawaii Pharmacists Association supported the measure with amendments and suggested future PBM reform funding, and Kaiser Permanente requested a technical amendment. A committee question raised whether the staffing and resource request for implementation was too large for a bill focused only on MAC pricing, and the witness said he would provide more data to the next committee. No final action was shown. Next was SB 2425 SD2 HD1 on health insurance and substance use disorder treatment, requiring insurers to honor written assignments of benefits to SUD providers and prohibiting anti-assignment clauses. Supporters described patients being unable to access treatment because of high out-of-pocket costs and said direct payment would reduce harm for people in recovery. HMSA opposed the bill but said it would begin direct payments to non-participating SUD facilities effective March 27, while continuing to object to the assignment-of-benefits portion because of fraud and balance-billing concerns; the Hawaii Association of Health Plans also opposed. Members questioned HMSA about reimbursement mechanics and why the bill was needed if coverage policies were already changing. Finally, the committee heard SB 3045 SD1 HD1, which would require coverage of continuous glucose monitors and related supplies, including for Medicaid managed care, under certain conditions. DHS and the Insurance Division offered comments, while SHPDA, Hilo Benioff Medical Center Foundation, and others supported the bill, citing inconsistent access and a case in which a woman allegedly died after being denied a CGM. HMSA said it already covers medically necessary CGMs and had updated its policy in 2025 for type 1 and insulin-dependent patients, but it raised concerns about expanding mandated coverage to type 2 and gestational diabetes and about supply impacts. The committee also discussed whether the bill duplicated existing coverage standards and why it had been introduced repeatedly. No votes or final dispositions were included in the excerpt.

Transcript Highlights:

• And maybe it's a pronouns issue. I don't know what it might be.
• It's actually their responsibility to not weigh in on these issues and focus.
• And you know she doesn't understand the transgender issues.
• So, was there any... was Apollo part of a social transitioning issue?
• Anyone who had an issue with the school or an issue with the teacher could find anything. ...and football

Bills: HB1325, HB1655, HB3312, HB5526, SB13, SB57, SB207, HB441, HB591, HB5019, SB27, SB843, SB 13, SB 27, SB 57

Keywords: student transfer, public servants, education code, peace officer, servicemember, judicial officer, school security, volunteer program, retired law enforcement, veterans, public safety, school safety, criminal background check, school libraries, library advisory councils, parental rights, library materials, educational content, challenging materials, emergency operations plan

Transcript Highlights:

• So I wouldn't want to guarantee you that.
• How do we deal with whatever issues they may face?
• This bill seeks to address those issues.
• I agree with them on a lot of issues.
• There were also issues with timing as well, so we're glad this bill addresses those issues.

Bills: SB 13, SB 27, SB 57, HB1325, HB1655, HB3312, HB5526, SB13, SB57, SB207, HB441, HB591, HB5019, SB27, SB843

Keywords: lobbying, public funds, political subdivision, local government, county association, municipal lobbying, registered lobbyist, Texas Legislature, taxpayer lawsuit, injunctive relief, attorney's fees, government finance, county dues, state association of counties, sheriffs association, law enforcement officers, legislative advocacy, bill tracking, legislative alerts, Government Code Chapter 556

Transcript Highlights:

• How do we address those issues? Senator, I can address the assessment issue.
• We have to get the base issue up.
• I became a recipient of a No Questions Asked monthly assistance. which was the Guaranteed Issued Initiative
• Guaranteed income helped me to get an education.
• I'm here to talk to you about guaranteed income.

Bills: SB434, SB844, SB898, SB1177, SB1214, SB1454, SB1920, SB1927, SB1935, SB1965, SB2010, SB2046, SB2068, SB2073, SB2183, SB2260, SB3034, SB907

Keywords: SB 434, Harris County Hospital District, hospital district police, peace officers, commissioned officers, law enforcement authority, Health and Safety Code, Code of Criminal Procedure, public safety, hospital security, county hospital district, local government, Texas criminal procedure, district police, armed security, SB 898, low income housing tax credits, LIHTC, affordable housing, Texas Department of Housing and Community Affairs

Transcript Highlights:

• We're in a big water session. this session where, you know, where water is a big issue and the scarcity
• of it. it is an increasingly important issue for Texas.
• You're going to hear allergies and water and I have respectfully disagree on the water issue I think
• If this is such an important property rights issue, why is it? Why is it not all trees?
• Historically high cost of housing in our state proves it's past time to fix this issue Thank you for

Bills: SB434, SB844, SB898, SB1177, SB1214, SB1454, SB1920, SB1927, SB1935, SB1965, SB2010, SB2046, SB2068, SB2073, SB2183, SB2260, SB3034, SB907

Keywords: SB 434, Harris County Hospital District, hospital district police, peace officers, commissioned officers, law enforcement authority, Health and Safety Code, Code of Criminal Procedure, public safety, hospital security, county hospital district, local government, Texas criminal procedure, district police, armed security, SB 898, low income housing tax credits, LIHTC, affordable housing, Texas Department of Housing and Community Affairs

Transcript Highlights:

• Um, we're, we're in a big water session, um, this session where, you know, where water is a big issue
• And The scarcity of it is an increasingly important issue for Texas.
• You're gonna hear allergies and water, and I, I have to respectfully disagree on the water issue.
• If this is such an important property rights issue, why is it not all trees?
• We had an issue in Austin where, um, a change was passed in 2022.

Bills: SB 434, SB 844, SB 898, SB 1177, SB 1214, SB 1454, SB 1920, SB 1927, SB 1935, SB 1965, SB 2010, SB 2046, SB 2068, SB 2073, SB 2183, SB 2260, SB 3034, SB 907

Keywords: SB 434, Harris County Hospital District, hospital district police, peace officers, commissioned officers, law enforcement authority, Health and Safety Code, Code of Criminal Procedure, public safety, hospital security, county hospital district, local government, Texas criminal procedure, district police, armed security, SB 898, low income housing tax credits, LIHTC, affordable housing, Texas Department of Housing and Community Affairs

Transcript Highlights:

• How do we address those issues? Senator, I can address the assessment issue and the abuse.
• I was trying to address some of these issues.
• Guaranteed income should help me to get education.
• I'm here to talk to you about guaranteed income.
• Guaranteed income lifts the weight off my shoulders.

Bills: SB434, SB844, SB898, SB1177, SB1214, SB1454, SB1920, SB1927, SB1935, SB1965, SB2010, SB2046, SB2068, SB2073, SB2183, SB2260, SB3034, SB907

Keywords: SB 434, Harris County Hospital District, hospital district police, peace officers, commissioned officers, law enforcement authority, Health and Safety Code, Code of Criminal Procedure, public safety, hospital security, county hospital district, local government, Texas criminal procedure, district police, armed security, SB 898, low income housing tax credits, LIHTC, affordable housing, Texas Department of Housing and Community Affairs

Summary: The committee heard several bills dealing with local government authority, homeowners associations, hospital district policing, school AED inspections, special district annexation, public contracting penalties, and guaranteed income programs. Senate Bill 2073 by Sen. Zaffirini would clarify that appraisal districts may finance purchases, leases, or construction of real property for appraisal offices without prior approval from taxing units; it was supported by the Texas Association of Appraisal Districts and left pending. Senate Bill 1935 by Sen. Hinojosa would increase homeowner control of property owners association boards, require more transparency, limit fines and assessment increases, and require accessible meeting locations; HOA and builder representatives opposed it, arguing it would hinder maintenance and make dues harder to manage, and the bill was left pending. Senate Bill 434 by Sen. Miles would authorize Harris County Hospital District police officers, was supported by Harris Health, and was left pending. Senate Bill 1177 by Sen. Alvarado, as substituted, would require school AED inspections during fire inspections and reporting to school leadership; it was left pending. Senate Bill 1214 by Sen. Perry would update Concho County Hospital District law to align with current procurement and notice rules; it was left pending. Senate Bill 1965 by Sen. Middleton, for Sen. King, would tighten notice and proximity rules for special district annexations; district witnesses warned the bill could interfere with service to noncontiguous tracts, and the bill was left pending. The committee also took up Senate Bill 2046 by Sen. Bettencourt, which would increase criminal penalties for county purchasing act violations involving unauthorized separate or sequential purchases to evade competitive bidding, and create a tiered penalty structure based on contract amount. Former Harris County DA Kim Ogg, Deputy Attorney General Josh Reno, and James Quintero supported the bill, citing recent Harris County bid-rigging cases and arguing the current Class C misdemeanor penalty is too weak to deter misconduct; some members questioned whether the proposed thresholds were too low and whether stronger oversight, rather than higher penalties alone, would be more effective. The bill was left pending. Finally, Senate Bill 2010 by Sen. Bettencourt would bar counties and other political subdivisions from operating guaranteed income programs and address constitutional gift-clause concerns. Testimony split sharply: Ogg and Quintero argued such programs are unconstitutional, can be used for political data collection, and should not be funded with public money, while Paige Terry Barry defended the bill as protecting taxpayers and discouraging dependency. Senators also debated whether the state can restrict use of federal grant funds and whether local governments should be allowed to run such programs; the bill was left pending.

Bills: HB145, SB29, SB37, SB64, HB279, HB292, SB35, SB40, SB43, SB48, SB96, SB143, HB132, SB20, SB21, SB101, SJR1, HJM1, HM7, HM17, HM4, HM22, HM23, HM24, HM26, HM2, HM16, HM32, HM13, HM47, HM20, HM51, HM1, HM31, HM35, HM36, HM46, HM53, HM54, HM39, HM29, HM43, HM59, HM30, HM52, HM11, HM14, HM21, HM34, HM50, HB2, SB264, SB241

Keywords: high-wage jobs, tax credit, job creation, New Mexico, economic development, SB29, math requirements for teaching license, teacher licensure, teacher endorsement, mathematics methods, elementary education, secondary education, special education, early childhood education, reciprocity, Public Education Department, Mathematics and Science Education Act, mathematics instructional leadership framework, professional learning plan, K-3 screening

Transcript Highlights:

• the deferral issues.
• So starting with 2024-25, the guarantee increases by $3.9 billion for a total guarantee level of $123.8
• So 2025-26, the guarantee increases by about $6.8 billion for a calculated guarantee level of $121.4
• So finally, moving to 2026-27, the guarantee increases by about $10.9 billion for a total guarantee level
• Just how K-12 part of the 98 guarantee.

Summary: The Assembly Budget Subcommittee on Education Finance held its first hearing of the year on Proposition 98, focusing on the Governor’s budget estimates for the three-year budget window, the Public School System Stabilization Account (PSSA), and repayment of education deferrals. The Department of Finance said the minimum guarantee would rise by about $21.7 billion over the 2025 Budget Act, with increases in each year, full repayment of the existing settle-up obligation in 2024-25, a new $5.6 billion settle-up obligation proposed for 2025-26, and a higher guarantee in 2026-27. Finance also noted revised downward estimates for transitional kindergarten attendance and Los Angeles County property tax reimbursements, and said community colleges would be funded above the split because of enrollment growth. The Legislative Analyst’s Office emphasized fiscal risk and volatility, warning that recent revenue gains are tied heavily to the stock market and tech sector and could reverse quickly. The LAO argued the Governor’s proposed $5.6 billion delay shifts risk into future years and recommended instead fully funding the current estimate, making a larger reserve deposit, considering advance payments or pension-related uses, and finding additional non-Prop 98 solutions to reduce the state’s structural deficit. On the reserve and deferral items, Finance described revised PSSA deposits and withdrawals that would leave about $4.1 billion in the reserve by 2026-27, and both Finance and the LAO supported paying off the remaining LCFF and SCFF deferrals as good fiscal practice. Committee members questioned the size of the settle-up amount, the degree of revenue volatility, the use of the reserve, and the ongoing K-12/community college split. Finance said the proposal is meant to avoid overappropriation if revenues fall, while the LAO said a buffer of roughly $3.5 billion would address typical forecasting risk. Public commenters, including school boards, county offices of education, teachers, and advocacy groups, largely opposed the $5.6 billion withholding or settle-up delay, calling it a manipulation of Prop. 98 and urging full funding and more stable revenue solutions. Several speakers also urged dedicated funding for students experiencing homelessness. The hearing ended with no vote, and the chair announced that broader program discussions would occur in later hearings.

Transcript Highlights:

• Um the need to issue a second produced.
• Simply the guarantees that folks 2041.
• issue here is been the uh difficulties issue here is been the uh difficulties at<00:51:05.119> the
• > um guarantees that those guarantees um guarantees that those guarantees um should<00:52:45.280>
• We cannot wait to address this issue any longer.

Keywords: 1191, senate, all