Video & Transcript : 'reconciliation' :

Page 2 of 53
NM

New Mexico 2025 Regular Session

IC - Legislative Finance May 13th, 2025

Transcript Highlights:
  • OK, Federal budget reconciliation, moving on to slide 10.
  • Uh, we Uh, once the, the budget reconciliation, reconciliation process is designed to unlock revenue
  • So what are some things that are advantages to budget reconciliation through this, this window?
  • Goes over the House reconciliation instructions.
  • And we'll need that debt limit lifted, so the Senate reconciliation instructions.
FL
Transcript Highlights:
  • THE SPECIFIC FINAL AMOUNTS I WANT TO TALK ABOUT HERE ARE RELATED TO BANK RECONCILIATIONS.
  • WE PERFORM RECONCILIATION BETWEEN THE STATEMENTS AND THIS PROVIDES ASSURANCE THAT FLORIDA AMOUNTS IN
  • THE WE'VE NOTICED INSTANCES WHERE THE RECONCILIATION WAS PERFORMED ON TIMELY AND WHERE RECONCILIATIONS
  • FAMU HAD FINDINGS IN THIS AREA RELATED TO BANK RECONCILIATIONS BEING PROPERLY TIMELY PREPARED INCLUDING
  • INVESTMENT RECONCILIATIONS AND ALSO THE PROPER AND ACCURATE REPORTING OF INVESTMENT TRANSACTIONS.
NM

New Mexico 2025 Regular Session

IC - Federal Funding Stabilization Subcommittee Jul 1st, 2025

Federal Funding Stabilization Subcommittee

Transcript Highlights:
  • Those are in the reconciliation bill today.
  • Reconciliation Bill.
  • So the reconciliation bill does contemplate extending the work requirement age.
  • Senator López, not in the reconciliation bill.
  • But on top of that, the reconciliation package has a lot of overlap with that.
NM

New Mexico 2025 Regular Session

IC - Federal Funding Stabilization Subcommittee Aug 1st, 2025

Federal Funding Stabilization Subcommittee

Transcript Highlights:
  • So the Federal Reconciliation Bill—what did it do?
  • Then you have your Medicaid changes from baseline based on the reconciliation changes.
  • So, notable reconciliation changes to Medicaid.
  • All right, so some of the notable reconciliation changes to Medicaid.
  • So, starting on slide two, you all have already heard the Reconciliation Bill.
NM

New Mexico 2026 Regular Session

Other - PSCOC Mar 11th, 2026

Public School Capital Outlay Oversight Task Force

Transcript Highlights:
  • So going forward, we have addressed them, and I'll kind of Number one, our bond reconciliation was not
  • The biggest thing for finance and me biggest concern overall is our bond reconciliation.
  • We will do a complete audit and reconciliation of every single bond, identify what the true uncommitted
  • We are currently conducting and will be doing more in-depth monthly reconciliation of all of our bonds
  • And then again, just going into further monthly reconciliations on the expenses.
NM

New Mexico 2025 Regular Session

IC - Federal Funding Stabilization Subcommittee Nov 6th, 2025

Federal Funding Stabilization Subcommittee

Transcript Highlights:
  • The reconciliation bill, which I'll also call the OBBBA, reshapes three policy areas key to state budgets
  • And so even in the post-pandemic but pre-reconciliation world, federal funding still has its challenges
  • So, kind of the fact that you all have taken this longer timeline, post-reconciliation, you're working
  • Thing that's in the reconciliation bill, which has passed or is passing, and things like that, which
  • It was originally supposed to be in the big budget reconciliation bill, but that didn't happen.
NH

New Hampshire 2026 Regular Session

Fiscal Committee (03/20/2026)

Transcript Highlights:
  • >> I can address Senator Gray's previous question on the reconciliations.
  • We did do a complete reconciliation for the end of the FY25 financials.
  • </c><00:30:52.880><c> We</c><00:30:53.120><c> did</c> question on the reconciliations.
  • We did question on the reconciliations.
  • We did do<00:30:53.440><c> a</c><00:30:53.679><c> complete</c><00:30:54.000><c> reconciliation</c><00
Summary: The Joint Fiscal Committee met on March 20, 2026, approved the minutes, and adopted the consent calendar after removing two items for separate discussion: FIS 26048 from the Department of Safety and FIS 26053 from the Department of Environmental Services. The committee then adopted both of those items after brief questioning. Safety explained that a $2 million transfer would reduce its lapse, though it still expected a lapse of just under $4 million. Members, especially Senator Gray, emphasized concern about lapses and the need to track them closely given prior-year shortfalls. On the Environmental Services item, members discussed the Heavy Falls dam removal. The commissioner said the dam is old, not grounded in bedrock, and does not meet current safety standards, so removal was the practical option because replacement funding was unavailable. He said the aquatic resource mitigation fund and Army Corps of Engineers support made the removal feasible, and that the town had been involved in discussions for years. The committee adopted the item. The committee also adopted a Department of Transportation item, with staff noting high snowfall and a roughly 25% vacancy rate but saying contractors and bonus incentives had allowed plowing operations to continue. A Judicial Council item was then adopted, with the director saying it would likely be his last appearance this fiscal year. The committee next reviewed information materials on YDC claims administration, where DOJ staff said current spending would leave about a $10 million buffer into the next fiscal year and described reduced staffing and ongoing claims work; no action was taken. The committee then heard audit presentations for the Liquor Commission and Lottery Commission. The Liquor Commission audit reported seven findings, including a material weakness on reconciliations, issues with NextGen data/reporting, gift and promotional card controls, procurement and leasing practices, and one nonconcurrence on whether certain purchases were exempt from bidding requirements; members discussed whether attorney general review or legislation might be needed. The commission said it had completed a year-end reconciliation and was about 70% reconciled through February. The Lottery Commission audit reported three internal control comments, all concurred with by the lottery, focused on written procedures, filling the controller position, annual risk assessments, disaster recovery testing, user access controls, and training compliance; the lottery said it was hiring to reduce reliance on one employee and had no unresolved findings. The committee took no vote on the audit materials and adjourned after setting the next meeting for April 17 at 11:00 a.m.
NM

New Mexico 2025 Regular Session

IC - Federal Funding Stabilization Subcommittee Jul 2nd, 2025

Federal Funding Stabilization Subcommittee

Transcript Highlights:
  • Some of these will be impacted by the Federal Reconciliation Act.
  • So, slides 12 and 13 are just a reminder of what budget reconciliation is.
  • Congress had been passing reconciliation bills on a pretty regular basis starting in the 80s.
  • You can use this reconciliation process to increase the debt limit.
  • Under this reconciliation, they go back to what they were before the Biden reconciliation.
KY
Transcript Highlights:
  • Then if we requested too reconciliation.
  • Deficit reconciliation is not paid in FY27.
  • <c> explain</c><00:13:27.040><c> the</c> reconciliation.
  • Can you explain the reconciliation.
  • </c> reconciliation is not paid in FY27. reconciliation is not paid in FY27.
Summary: The House Budget Review Subcommittee on Personnel, Public Retirement, and Finance heard testimony from Bo Barnes, deputy executive secretary and general counsel for the Teachers’ Retirement System (TRS), on the TRS budget request for the upcoming biennium and how it compares with House Bill 500 as introduced. Barnes emphasized that the bill fully funds the system’s additional funding request to pay down TRS’s legacy unfunded pension liability, which he described as critical to the system’s long-term funding plan. He also explained that the pension and health insurance requests are broken into several line items, including legacy benefit items, state shared-responsibility payments for retiree health insurance, and reconciliation items that adjust for prior over- or underpayments. Barnes said the state portion of shared responsibility for retiree health insurance was funded below the request in House Bill 500, but he described the health insurance trust as a success story under the post-2010 shared-responsibility model. He said the trust is projected to be fully funded in about two years if medical inflation and federal subsidies remain stable, and he noted that any shortfall in the current budget would be reconciled later and could reduce investment income. In response to questions, he explained that the legacy benefit items are treated as part of the total actuarially determined employer contribution and that unpaid legacy benefits would have the same impact on the retirement trust as unpaid ADC amounts. Barnes also addressed questions about whether the $47.2 million SEEK-related teacher contribution reconciliation could be split between fiscal years, saying it could be done but would reduce investment income and potentially increase future contribution needs. He said the pension fund is currently about 61% funded and that TRS has received full funding for the pension for 10 straight years, with the state having provided full additional funding and more in recent budgets. He concluded by asking the committee to consider TRS’s original budget request, warning that underfunding now would be reflected in future actuarial calculations and could cost the Commonwealth more over time.
NM

New Mexico 2025 Regular Session

IC - Legislative Finance Jun 26th, 2025

Transcript Highlights:
  • Let's go to the federal funds and reconciliation update. Great. Mr.
  • What's important to understand is they're working on this budget reconciliation process which allows
  • Just a reminder on slide 12, again, the budget reconciliation process. This is where.
  • Budget reconciliation is different than the annual appropriations process.
  • The annual deficits are not going to be solved by this budget reconciliation.
NM

New Mexico 2025 Regular Session

IC - Legislative Health and Human Services Sep 10th, 2025

Legislative Health & Human Services Committee

Transcript Highlights:
  • So, this is just pulling some of the big pieces that are in the federal reconciliation bill.
  • Slide 12, so what are some of those changes in the reconciliation bill? And I...
  • Also, under the new reconciliation bill, we would institute a new state matching requirement based on
  • That is eliminated in the reconciliation bill.
  • Then the reconciliation bill would change the... definition of a dependent child from under 18 years
MN

Minnesota 2025-2026 Regular Session

House Fraud Prevention and State Agency Oversight Policy Committee 4/7/26

Fraud Prevention and State Agency Oversight Policy

Transcript Highlights:
  • We did some financial reconciliations on our own.
  • We did some reconciliations on our own.
  • ,</c><00:13:21.520><c> and</c> conduct our own own reconciliation, and conduct our own own reconciliation
  • We have the reconciliations are done.
  • Do a reconciliation before you cut the check.
MA
Transcript Highlights:
  • So for this particular reconciliation bill, H.R. 1, it made deep funding cuts...
  • For this particular reconciliation bill, H.R. 1, it made deep funding cuts to both Medicaid and SNAP,
  • The reconciliation bill puts some very strict limits on how provider taxes are used, how much can be
  • The fifth and final change, and there's so many things in the reconciliation bill, but these were the
  • This shows us some analysis on a state level of the changes made in that reconciliation bill for the
Summary: The Massachusetts Commission on the Status of Persons with Disabilities held its quarterly meeting on September 10, with roll call, approval of the June minutes as amended, and welcoming remarks for newly appointed commissioner Rachel Caprilyan and reappointed commissioners. Chair Denise Garlick outlined plans for a statewide community hearing series, beginning with a November 4 hybrid hearing at Needham Town Hall focused on the Boston/Metro West region, and described the creation of a nonvoting advisory council to broaden the commission’s expertise across health care, transportation, housing, education, employment, business, and local disability commissions. Commissioners discussed the nomination process, the need for geographic diversity, and the goal of having the council in place by the December quarterly meeting. The main presentation addressed proposed federal Medicaid and SNAP changes in H.R. 1, with Jennifer Bertrand of the Massachusetts Developmental Disabilities Council warning that the law could cut federal Medicaid spending by $1 trillion over 10 years, impose work requirements, require redeterminations every six months, restrict provider taxes, and reduce SNAP benefits. She said these changes could increase uninsurance, create administrative barriers, and threaten home- and community-based services, with a Massachusetts analysis projecting 141,000 to 203,000 MassHealth members could lose coverage over six months. Commissioners and attendees responded that the changes could harm people with disabilities, caregivers, and provider organizations, increase institutionalization risk, and intensify competition for limited state resources; several emphasized the need for disability groups and broader health care stakeholders to coordinate advocacy. Subcommittee reports highlighted recent and upcoming work. The Disability Employment Subcommittee reported on a June “Strength and Support” event, an August presentation by Run the Gamut, and an upcoming MAPC/Employment First workshop in Worcester, while the Long-Term Services and Supports and Health Equity Subcommittee discussed a presentation from the Lurie Institute for Policy Research on community living dashboards and disparities in Medicaid and LTSS. Commissioners also shared announcements about upcoming events, including the Paul Spooner Generational Leisure Summit, the Disability Policy Consortium’s John Winsky Memorial Award ceremony, the Massachusetts Health Council’s annual celebration, and a September 17 hearing on insurance coverage for hearing aids. The meeting ended with congratulations to commissioner Carl Richardson for an accessibility award and a motion to adjourn, which passed.
MN
Transcript Highlights:
  • into the federal impact on Minnesotans' economic stability based on the passage of the federal reconciliation
  • And the budget that they passed, the reconciliation act, is going to serve to eliminate coverage for
  • in the budget that they<00:02:06.880><c> passed</c><00:02:07.200><c> the</c><00:02:07.280><c> reconciliation
  • Uh, there have been, you know, a lot of mandates passed in the reconciliation bill, but not a lot of
  • bill, but not a lot of reconciliation bill, but not a lot of guidance<00:05:14.639><c> given</c><00:
CA

California 2025-2026 Regular Session

Assembly Judiciary Committee Apr 14th, 2026

Transcript Highlights:
  • I'm also with the Alliance for Reparations, Reconciliation, and Truth. We support this bill.
  • Lauren, Pastor Curtis Smith with the Alliance for Reparations, Reconciliation, and Truth and Faith in
  • I'm Pastor Curtis Smith with the Alliance for Reparations, Reconciliation, and Truth and Faith in the
  • I'm a part of the Alliance for Reparations, Reconciliation, and Truth, the Black Power Network, Black
  • And I'm with the Alliance for Reparations, Reconciliation, and Truth. Thank you. Grace and peace.
Summary: The committee heard several immigration-, health-, food access-, and tribal-rights-related bills. AB 1725 would require disclosure of oil wells near homes and sensitive sites and stronger methane monitoring; supporters described health and safety harms in communities near wells, while apartment, realtor, building, and chamber representatives opposed or sought amendments, arguing the bill should better target the responsible industry and fit existing disclosure processes. AB 1650 would require privately rented or leased vehicles used by government agencies for enforcement to be clearly identifiable and equipped with safety lighting; supporters, including immigrant-rights advocates and local officials, said unmarked vehicles create fear and confusion during ICE operations, while the chamber sought clarification and noted exemptions for ordinary undercover law enforcement. AB 1857 would prohibit grocery restrictive covenants that keep new supermarkets from opening after a store closes, with supporters framing it as a food-access and anti-hunger measure; grocers and retailers raised concerns but said amendments addressed many issues, and the committee moved the bill forward as amended to Appropriations on a recorded vote, with all members present voting aye except one absent member and the bill placed on call. The committee also heard AB 1876, which would codify federal health-care nondiscrimination protections in state law. Supporters from Equality California, Disability Rights California, Planned Parenthood, and other health groups said it would preserve coverage protections for LGBTQ people, people with disabilities, and other protected classes amid federal rollbacks; opponents argued it would entrench gender-affirming-care standards and criticized the underlying medical framework. The bill passed to Appropriations on a recorded vote, with most members voting aye and one no vote, and was placed on call. AB 1908 would allow public entities to use judgment obligation bonds to finance self-funded victim compensation funds; Los Angeles County said the bill would fill a financing gap for faster compensation, and the committee advanced it on a recorded vote and placed it on call. AB 1881, the California Indian Freedom Act of 2026, would protect California tribes’ access to sacred sites and traditional practices on state public lands and require meaningful consultation; it drew extensive support from tribal leaders and Native organizations, while cities, counties, utilities, builders, and business groups were opposed unless amended, largely seeking clarification and narrowing. The bill was amended to focus on state public lands and passed to Appropriations on a recorded vote, then placed on call. Later, AB 2465 would bar businesses that profit from private detention facilities or contract with immigration-enforcement agencies from receiving state grants, loans, or tax credits and create an immigrant resilience fund. Supporters said the state should not subsidize businesses tied to immigration raids and detention; opponents, including the chamber, bankers, and contractors, raised vagueness and scope concerns, especially over what contracts would be covered. Members said they supported the concept but wanted the bill tightened, and it passed to Revenue and Taxation on a recorded vote with one no vote and was placed on call. The committee then heard AB 2662, which would create a formal state process to monitor and report on federal immigration enforcement actions and their impacts; supporters from legal aid and health centers said raids have chilled access to work, schools, clinics, and naturalization, and the bill was presented as a modest accountability measure. The transcript cuts off before any vote on AB 2662. The committee also approved a consent calendar of several bills and resolutions, sending some to Appropriations and others to the floor.
CA

California 2025-2026 Regular Session

Assembly Judiciary Committee Apr 14th, 2026

Judiciary

Transcript Highlights:
  • And I'm also with the Alliance for Reconciliation and Reparation and Truth. We support this bill.
  • Lauren, Pastor Curtis Smith with the Alliance for Reparations, Reconciliation, and Truth and Faith in
  • I'm Pastor Curtis Smith with the Alliance for Reparations, Reconciliation, and Truth and Faith in the
  • I'm a part of the Alliance for Reparations, Reconciliation, and Truth, the Black Power Network, Black
  • And I'm with the Alliance for Reparations, Reconciliation, and Truth. Thank you.
Committee: House Judiciary
KY
Transcript Highlights:
  • </c><00:04:22.400><c> act</c><00:04:22.639><c> at</c><00:04:22.800><c> the</c> out of the reconciliation
  • act at the out of the reconciliation act at the federal<00:04:23.199><c> level.
  • </c><00:28:27.279><c> act</c><00:28:27.679><c> with</c> impact of the reconciliation act with impact
  • </c> implementation of of the reconciliation implementation of of the reconciliation act. act. act.
  • act uh there was a reconciliation act uh there was a funding<00:34:34.560><c> for</c><00:34:34.720><
Summary: The committee first established a quorum, approved the July minutes, and recognized Jennifer Hayes of the Department of State Budget Director for her retirement and long service. Secretary Hicks then presented a review of fiscal year 2025 closeout for the general fund and road fund, explaining that the general fund ended with a $313 million surplus and the road fund with a $61 million surplus. He attributed the general fund result to strong corporate income and LLC tax receipts, investment income, and lower-than-budgeted spending, while noting that individual income tax and sales tax underperformed estimates. He also described how the general fund surplus was allocated, with $62 million used for necessary government expenses and $251 million deposited into the budget reserve trust fund, which remained at historically strong levels. For the road fund, he said the surplus would be deposited into the Department of Highways construction account, and he highlighted record motor vehicle usage tax receipts despite lower motor fuels tax revenue due to a rate decline. Members asked questions about the pass-through entity tax, delayed filing deadlines, THC beverage sales, and income tax collection from undocumented workers. Hicks said the pass-through entity tax remains difficult to model because of timing issues and the first year’s unusual filing pattern, and that staff are still working with the Department of Revenue and other states to improve forecasting. He said the delayed filing deadline likely would not require a major restatement and that any related receipts would still be counted in fiscal 2026. On THC beverages, he said the issue would be considered in the next forecasting cycle. On the undocumented-worker question, he said withholding may capture some of the revenue but referred broader collection efforts to the Department of Revenue. The committee then shifted to an overview of the federal reconciliation act’s potential impact on the next biennial budget, with Hicks and Commissioner Lisa Dennis focusing on Medicaid and SNAP. Hicks said the Congressional Budget Office estimated roughly $900 billion in federal savings over 10 years, driven in part by work or community engagement requirements for the Medicaid expansion population and limits on state-directed payments. He emphasized that CMS still must issue regulations to define how the state-directed payment reductions will be calculated, making the exact fiscal impact uncertain. He referred members to a prior Medicaid Oversight Advisory Board presentation for more detail, and the discussion remained informational with no votes or formal actions taken on the federal changes.
NM

New Mexico 2025 Regular Session

IC - Legislative Health and Human Services Sep 11th, 2025

Legislative Health & Human Services Committee

Transcript Highlights:
  • Changes from the Budget Reconciliation Bill start to take effect in FY 28.
  • All of these effects of the Budget Reconciliation Act are going to affect patient revenue.
  • It'll grow until FY 28 when the provisions of the Budget Reconciliation Act start to kick in.
  • As you know, in the Budget Reconciliation Act, Congress was somewhat cognizant of the fact that there
  • What's in FY28 in terms of how the HDA and the Budget Reconciliation Act are going to interplay with
KY
Transcript Highlights:
  • </c> talk about the federal reconciliation talk about the federal reconciliation bill.<00:23:20.320><
  • from Kentucky differs a lot from what is proposed in the federal reconciliation bill.
  • </c> proposed in the federal reconciliation proposed in the federal reconciliation bill. bill. bill.
  • And then the last thing I really was going to talk about was the federal reconciliation bill.
  • ><c> bill,</c><00:46:19.920><c> that</c> the federal reconciliation bill, that the federal reconciliation
Summary: The first meeting of the Medicaid Oversight Advisory Board opened with Chair Ken Fleming and Co-Chair Rocky Adams welcoming members, explaining the board’s purpose, and introducing the diverse membership of legislators, providers, advocates, and state officials. Fleming said the board would meet monthly, allow public comment at the end of meetings, and operate transparently with materials posted online and distributed in advance. Both chairs emphasized that the board’s work would focus on improving Medicaid outcomes, efficiency, and oversight, while preparing for possible federal changes and avoiding premature assumptions about what Congress may do. Members then gave brief introductions describing their backgrounds in medicine, nursing, hospital administration, behavioral health, insurance, budgeting, pharmacy, and Medicaid administration. Several noted direct experience with Medicaid populations or managed care, including the Department for Medicaid Services commissioner, health plan representatives, hospital and clinic leaders, and legislators with health care backgrounds. The board also heard from Stephanie Bates of the LRC Office of Health Data Analytics, who said her office supports the General Assembly with health-related data, policy, and research and would serve as a resource to the board. Bates then began a presentation on Medicaid basics, explaining that House Bill 695 created the board and that the presentation would cover eligibility, enrollment, covered benefits, waivers, managed care, the budget, and the federal reconciliation bill. She described Medicaid eligibility as complex, noted that Kentucky had more than 1.4 million enrollees, and explained enrollment churn and the unwinding of pandemic-era continuous coverage. She also outlined mandatory and optional Medicaid benefits, the requirement that services be medically necessary and provided by enrolled providers, and the main waiver types used in Kentucky, including 1115, 1915(b), and 1915(c) waivers. No votes or formal actions were taken at this meeting beyond organizational setup and receiving the initial informational presentation.
NM

New Mexico 2025 Regular Session

IC - Legislative Finance Nov 17th, 2025

Transcript Highlights:
  • So what we're seeing is that federal funding on income support will be due to the reconciliation bill
  • Those may change potentially under the reconciliation bill as there are work requirements for Medicaid
  • However, we do have this federal reconciliation bill on the horizon.
  • But we are preparing for some pretty substantial changes ahead in the reconciliation bill.
  • I think with the Reconciliation Bill changes, there are the Medicaid work requirements.