Video & Transcript : 'DFPS budget' :

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TX

Texas 89th Regular

Transportation (Part II) Apr 9th, 2025

Transportation

Transcript Highlights:
  • It's not just about budgets, but it's about equity and sustainability. 600,000 Houstonians use these
  • HCTRA consistently dedicates a significant amount of its budget to safety.
  • In fiscal year 2025 alone, HCTRA budgeted nearly $43 million for services.
  • Our O&M budget alone was $400 million. We had $238 million of debt service on top of that.
  • Budget alone was $400 million.
Summary: The Senate Transportation Committee reconvened on SB 2722, as substituted by Senator Bettencourt, which would redirect a portion of Harris County Toll Road Authority surplus revenues to the City of Houston and impose audit and tax-rate penalty provisions. Houston Police Chief Noe Diaz and Fire Chief Thomas Munoz testified in support, arguing that Houston bears a large share of toll-road public safety burdens, citing thousands of police and fire responses on toll-road property and the need for compensation for emergency services. Bill King, testifying neutrally, said the toll authority generates large excess revenues and urged stronger oversight and clearer controls on how the money is spent. Opponents, including Harris County officials, business and neighborhood representatives, and toll-road critics, argued the bill would divert transportation dollars, create a precedent for taking toll revenues for general municipal use, and could worsen project delivery and incentives; several also questioned the accuracy and interpretation of the revenue figures and the lack of comparable audit requirements for the city. The committee took extensive testimony but left SB 2722 pending without a vote. The committee then heard SB 2129, which would increase fines for motorists who disregard railroad crossing gates or flaggers, and SB 2323, which would redact railroad crew members’ personal information from public accident reports. Both bills were presented as safety measures, with railroad labor testimony in support, and both were left pending after brief public testimony. The committee also heard SB 2141, a Zaffirini bill concerning specialty license plates for judges, with the substitute aimed at reducing security risks by changing how judges are identified on plates; it too was left pending. Finally, the committee heard SB 2439, another Zaffirini bill, described as a TDLR cleanup measure related to ATV and off-highway vehicle safety certification. The bill would abolish the current training and certification program, which supporters said was burdensome and underused given the small number of approved instructors statewide. With no significant opposition on the record, the committee closed testimony and left SB 2439 pending as well.
FL

Florida 2026 5th Special Session

FL House Floor Session - 2025-03-26 (3:00PM Session)

Florida House Floor Meeting

Transcript Highlights:
  • They are irrelevant and incidental to the true growth of the budget.
  • The beneficiaries of the state budget are the endless string of lobbyists and vendors who always have
  • Our budget will not only be lower than the Governor's proposed budget, it will also be lower than the
  • budget passed by the Legislature last term.
  • It has been in the budget for 10 years.
Summary: The House convened for opening-day business, with prayer, a moment of silence for Captain Bill Guston, the Pledge of Allegiance, and a quorum established. The Speaker outlined a budget message emphasizing reduced spending and a proposed permanent 0.75% sales tax cut, and the chamber then received the Governor’s veto message on portions of HB 5001. Members moved to reinstate several vetoed appropriations, including the Florida Senior Veterans and Crisis Fund, Rockledge Advanced Water Treatment Phase 1, the Department of Corrections automated staffing/time management system, and Baldwin sewer and water main work; each reinstatement passed unanimously. The House also adopted a special order calendar and special amendment procedures for the General Appropriations Act and related bills. On the special order calendar, several bills passed unanimously or near-unanimously, including Lucy’s Law on boating safety (CS/CS/CS/HB 289), HB 735 on water access facilities, HB 11 on municipal water and sewer utility rates, CS/CS/HB 85 on hazardous walking conditions, and CS/HB 157 on service of process. These measures focused on boating safety, water infrastructure, utility-rate fairness, school walking safety, and procedural civil-law updates. A major floor debate centered on HB 6017, which would repeal Florida’s “Free Kill Law” limiting wrongful-death damages in medical negligence cases. Supporters described the bill as a long-awaited justice measure for families who lost adult children or unmarried relatives to medical malpractice, while opponents were not recorded in the final vote tally; the bill passed 104-6 after extensive emotional testimony from sponsors and affected families. The chamber also heard a lengthy, highly divided debate on HB 759, which would lower the firearm purchase age from 21 to 18. Supporters argued the current law is inconsistent with adult rights and responsibilities and cited constitutional precedent, while opponents emphasized Parkland, youth gun violence, and public-safety concerns; the transcript ends during continued debate on that bill, with no final vote shown.
AL

Alabama 2025 Regular Session

Alabama Senate Mar 18th, 2025

Alabama Senate Floor Meeting

Transcript Highlights:
  • aren't going to always be the budget chair.
  • How would that allow the budget chairman to still make different amounts for different courts?
  • I understand how this bill... it's not the budget. I'm sorry, go on, I cut you off. I apologize.
  • I thank them, but I've been on the budget committee every day I've been in here.
  • I can consult with the budget chairman; we can draw that up if we need to and put it in here.
NM

New Mexico 2025 Regular Session

Senate - Finance Feb 3rd, 2025

Senate Finance

Transcript Highlights:
  • That's a 58 percent budget increase, and we've also seen proposals from the executive Proposals to tap
  • The court said they could tell school districts how to spend their budgets.
  • School support budget recommendations will be available in a few weeks.
  • Any sort of policy changes that might affect their budget.
  • At that point, it was Harry Ugalter who was in charge of the budget.
CA
Transcript Highlights:
  • And while it took an additional two iterations and a budget ask, AB 107 was signed into law in October
  • So as legislative staff, every budget decision, every policy recommendation creates opportunities to
  • So funding opportunities for community-based organizations, looking at the budget to see where we can
  • And so funding opportunities for community-based organizations, looking at the budget to see where we
  • In 2024, we had budget increases for primary care. So that's one issue.
Keywords: 988, house, all
MN

Minnesota 2025-2026 Regular Session

Transportation Finance and Policy Committee 3/17/26 - Part 1

Transportation Finance and Policy

Transcript Highlights:
  • </c> conversation to see where our budget conversation to see where our budget could<00:16:10.880><c>
  • There is not the intention, because it's not a budget year, to do any kind of omnibus policy bill.
  • There is not the intention, because it's not a budget year, to do any kind of omnibus policy bill.
  • There is not the intention, because it's not a budget year, to do any kind of omnibus policy bill.
  • it's not a budget year<00:32:16.720><c> to</c><00:32:17.120><c> do</c><00:32:17.519><c> a</c><00:32:
KY

Kentucky 2026 Regular Session

Senate Legislative Session Day 28 (2-17-26)

Kentucky Senate Floor Meeting

Transcript Highlights:
  • budgeting process to get more people to move and make Kentucky their home, but they've got to have a
  • ,</c><00:37:28.240><c> and</c> asking for some money in the budget, and asking for some money in the
  • budget, and some<00:37:28.520><c> other</c><00:37:28.760><c> things</c><00:37:29.440><c> related</c><
  • </c> all the good work in our budget all the good work in our budget budgeting<00:38:10.480><c> process
  • process uh to get more people budgeting process uh to get more people to<00:38:13.080><c> move</c><00
Keywords: 958, all
AZ

Arizona 2026 Regular Session

02/04/2026 - Senate Government

Government

Transcript Highlights:
  • Now, you also cried, you know, budget woes in your original testimony.
  • Your budget has doubled just over the last six years.
  • Now, you also cried, you know, budget woes in your original testimony.
  • Your budget has doubled just over the last six years. your budget went just over the last six years your
  • On a $17 billion budget, yeah, sounds right. Mr. Chair, yeah.
FL

Florida 2026 Regular Session

Health Policy Feb 2nd, 2026

Health Policy

Transcript Highlights:
  • A former House budget chair and former House Senate budget chair, same person, said, the Speaker of the
  • House does not control the budget, the Senate President does not control the budget, the governor does
  • not control the budget, Medicaid controls the budget.
  • The governor does not control the budget. Medicaid controls the budget.
  • First, because Medicaid is the dominant feature in budget negotiations and in budget planning.
Summary: The committee first considered SB 268, a public records exemption for emergency physicians. Senator Rodriguez’s strike-all amendment narrowed and clarified the exemption, and testimony from an emergency physician described threats, harassment, and safety concerns tied to mandatory reporting and patient encounters. The committee adopted the amendment and reported the bill favorably as a committee substitute. Members then heard SB 514, creating the Dula Support for Healthy Births Pilot Program in Broward, Miami-Dade, and Palm Beach counties for pregnant and postpartum women affected by substance use disorder. Senator Osgood explained the pilot would provide non-medical doula support and data collection, and an amendment changed the funding source to specific appropriations in the General Appropriations Act. Supporters said doula care can improve maternal and infant outcomes and complement medical providers. The committee adopted the amendment and reported the bill favorably as a committee substitute. The committee also approved SB 36 on use of professional nursing titles after extensive debate over whether nurses with doctoral degrees should be allowed to use “doctor” in clinical settings, with concerns raised about patient confusion and the need for clearer identification. The bill was amended to align with the House version and then reported favorably as a committee substitute. The committee next approved SB 864, a public records exemption for uterine fibroid research data, after a technical amendment setting a July 1, 2026 effective date; Senator Sharif said the exemption is needed so the Department of Health can collect sensitive data for the related research bill. SB 844, requiring continuing education on sickle cell disease care management for certain licensed physicians and nurses, was also reported favorably after emotional testimony from patients and advocates describing delayed care and bias. Later, the committee approved SB 1404 on memory care, after a strike-all amendment creating a new memory care specialty license for assisted living facilities that advertise or provide specialized memory care services, while allowing optional supportive services without the new license. Supporters from the senior living industry backed the clarification. The committee then passed SB 914, which clarifies that licensed occupational therapists may perform dry needling, after an amendment adjusting supervision and continuing education language. Finally, the committee took up SB 1758, a broad Medicaid and SNAP reform bill that would strengthen fraud enforcement, impose Medicaid work requirements for certain able-bodied adults, expand behavioral health services, modernize drug purchasing and prior authorization, and require SNAP fraud-reduction measures. Several amendments were adopted, and members questioned the work requirement, implementation costs, EBT card photo identification, and due process concerns; debate continued as the transcript ended.
CA
Transcript Highlights:
  • And this is an excellent opportunity for her to hear from Budget Sub 4's sort of examination of this.
  • We could easily spend all of this money on non-climate change issues just because of the budget issues
  • Housing is the biggest expense in a family's budget.
  • Keith Duncan, CalTrans Budget Officer. In relation to the low carbon transit operation.
  • Within the state budget and local property taxes support local costs within local budgets.
Keywords: 988, house, all
NM

New Mexico 2025 Regular Session

Senate - Judiciary Feb 3rd, 2025

Senate Judiciary

Transcript Highlights:
  • You are trusting us to budget for the state. That's one thing.
  • budget.
  • Get a grasp of this: we can't budget this. We can't.
  • That's the way we budget. That's black and white. We can do that.
  • We can never budget for it. It's my problem.
NH

New Hampshire 2026 Regular Session

House Municipal and County Government (01/16/2026)

Municipal and County Government

Transcript Highlights:
  • . than voting for or against a budget.
  • And how do can I set a budget for that?
  • ,</c> valuations, budgets, valuations, budgets, you<03:07:34.880><c> know,</c><03:07:35.439><c> full<
  • </c> example when we do our operating budget example when we do our operating budget we<03:11:41.760>
  • In my town, Bradford, our total budget is four million.
Keywords: 1189, house, all
NH

New Hampshire 2025 Regular Session

House Ways and Means (03/10/2025)

Transcript Highlights:
  • </c> $150,000 annually uh which is budgeted $150,000 annually uh which is budgeted it's<00:55:04.400>
  • as a bud it's budgeted from our revenues as a bud budget<00:55:08.440><c> item</c><00:55:09.400><c> uh
  • in the third year we did the budget in the third year we did the normal<04:38:10.480><c> budget</c><
  • in the fourth year we did normal budget in the fourth year we did another<04:38:12.600><c> budget</c
  • Have you read the entire budget, and do you know what other places in the budget are losing money or
Keywords: 1189, house, all
Summary: The public hearing opened on HB 728-FN, which would authorize video lottery terminals at charity gaming facilities and repeal historic horse racing licensing. Representative Om explained that the bill would convert the current historic horse racing terminals into true video lottery terminals/slot machines and change the revenue split, reducing the operator share from 75% to 70% while increasing the state share from 25% to 30%. He also noted the bill would increase the amount going to charities and other state beneficiaries. Former State Rep. Pat Brammy, who had served on the Charitable Gaming Study Commission, testified in support of the bill’s basic structure. He said a consultant’s report found historic racing machines cost facilities 12% to 18% more to operate because of totalizer and track-related fees, and that slot machines would be cheaper because there are more manufacturers and more competition. He argued that although the operator share drops by 5%, facilities could still benefit from lower operating costs, and he said the commission concluded that moving to slot machines would increase revenues to facilities, charities, and the state. He also said the bill would create a more stable stream of funding for problem gambling, since the current HHR “breakage” funding mechanism is limited and dependent on a single vendor. Brammy also discussed the commission’s concerns about market concentration in HHR machines, saying the commission found the market was dominated by only a few manufacturers and recommended legislation to address that issue under Article 83 of the state constitution. He interpreted the bill as allowing a phase-in of slot machines upon passage, with the remaining HHR provisions phasing out by January 1, 2028, and said facilities would likely transition as leases expire. Committee members asked about HHR contracts, machine programming, testing, and whether removing HHR would reduce competition; Brammy said he believed leases were likely short-term, machines are tested by a lab, and the legislature could decide whether the change is appropriate. No vote or final action was taken at the hearing.
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Racial Equity, Civil Rights, and Inclusion Jun 21st, 2026 at 01:00 pm

Joint Committee on Racial Equity, Civil Rights, and Inclusion

Transcript Highlights:
  • We've heard about federal budget cuts and staffing reductions.
  • But again, Trump's 2026 budget proposal would cut Pell by 23%, which would lower the maximum Pell to
  • So as was articulated by our friends at the Hildreth Institute, Our president's budget.
  • We understand that the state budget is tight, but we hope that we can count on you to ensure that the
  • students with the greatest financial need are not impacted by budget cuts.
Keywords: 995, all
Summary: The Joint Committee on Racial Equity, Civil Rights, and Inclusion held an informational hearing on “Protecting Equity in Higher Education” and emphasized that no bills were being heard. Members and witnesses focused on the effects of recent federal actions on DEI, admissions, financial aid, student loans, international students, and campus equity efforts in Massachusetts. Opening remarks from the co-chairs and the chair of Higher Education highlighted Massachusetts’ investments in free community college, expanded financial aid, and early college programs, while warning that federal policy changes could undermine those gains. Testimony from BU law professor Jonathan Feingold argued that many DEI practices remain legally defensible after Students for Fair Admissions v. Harvard, and that the decision did not end all race-conscious or equity-oriented efforts. He said the Trump administration’s anti-DEI actions and funding threats were legally suspect and had created confusion and a chilling effect. Bahar Akman-in-Boden of the Hildreth Institute testified that proposed federal cuts to TRIO, Gear Up, Pell Grants, SEOG, work-study, and student loan programs would disproportionately harm low-income, first-generation, Black, Latino, and other underserved students, and urged the state to prepare hold-harmless and advising supports using Fair Share revenue. Commissioner Noe Ortega described Massachusetts’ long history of equity in higher education and said the state has expanded aid, success programs, and early college, but still has work to do on attainment and completion. He said the state responded to SFFA by creating ACARE and continuing to defend equity practices, while also warning that federal disruptions and “dear colleague” letters have created uncertainty. In the second panel, state university leaders and campus officials said federal threats to Pell, DEI grants, Medicaid, and international student policies could affect access, campus operations, and the economy; they stressed that most state university graduates stay in Massachusetts and that institutions are continuing their equity practices despite federal pressure. Roxbury Community College’s president said RCC remains committed to open access and inclusion, noted enrollment growth, and said executive orders do not change existing law or the college’s obligations.
KY
Transcript Highlights:
  • They talk about a monthly budget allowance.
  • </c> a consumer shall use the budget a consumer shall use the budget allowance<00:48:31.000><c> to</c
  • </c><00:48:37.360><c> We</c> budget allowance based on the result.
  • We budget allowance based on the result.
  • </c> is no budget. is no budget.
Summary: The committee first approved the minutes and then took up a series of administrative regulations from several agencies. Early items included Attorney General consumer protection rules on removal sales, health spas, liquidation sales, and nonresident sellers of visual aid glasses; Finance and Administration Controller rules on clearinghouse validation and fraud prevention; and Board of Dentistry rules updating exam requirements, controlled substance prescribing, training for neuromodulators and dermal fillers, infection control, sedation/anesthesia continuing education, and required education on pediatric abusive head trauma and controlled substance ingestion prevention. The committee also approved staff amendments on these items, generally to conform to KRS Chapter 13A, and members asked a brief question about the dentistry controlled-substances changes, which was answered as an alignment with statute. The committee next approved regulations for the Board of Ophthalmic Dispensers, Board of Nursing, and Board of Emergency Medical Services. The ophthalmic dispensers package would revise meeting and recordkeeping language, raise renewal fees, set reinstatement and apprentice-license rules, add complaint and hearing procedures, and repeal a duplicative regulation. The nursing regulations would streamline approval of training programs and require notice and documentation of site visits and deficiencies. EMS rules would create five EMS medical director certifications, set expiration and renewal requirements, require publication of disciplinary sanctions, and exempt currently approved directors before October 1, 2026. Staff amendments were adopted without objection on each set. The Education and Labor Cabinet’s school transportation regulation drew extended discussion. The agency explained the changes were intended to implement Senate Bill 46 and update references affected by later legislation, including an oral amendment to delete a subsection reference tied to KRS 160.380. The committee adopted both the agency and oral amendments without objection after brief questions about the scope of the bill changes and van transportation for students. The committee then heard a lengthy package from the Department for Public Health on WIC and related nutrition program regulations, including updates to infant and child certification periods, documentation requirements, vendor criteria, sanctions, hearing procedures, and high-risk vendor standards. Staff amendments were adopted without objection. Finally, the committee considered the Inspector General’s regulation for freestanding birthing centers, which included both staff and agency amendments. The agency changes would require two neonatal resuscitation program-certified staff, set rules for medical director vacancies and appeals, revise facility and staffing terminology, adjust transfer-agreement requirements, and allow waivers when agreements cannot be secured. Mary Katherine DeLodder of the Kentucky Birth Coalition testified in support, saying the parties had worked through concerns and were ready to move forward. The committee then moved on to Medicaid’s 1915C child waiver regulations, where staff amendments were adopted, but Lucy Heskins of Kentucky Protection and Advocacy testified against the package because it did not include person-directed services, which she said are required by Kentucky law and important for families using the waiver.
NM

New Mexico 2026 Regular Session

Other - PSCOC Apr 22nd, 2026

Public School Capital Outlay Oversight Task Force

Transcript Highlights:
  • And to date, nothing has been used, encumbered, or expensed on that budget.
  • So And to date, nothing has been used, encumbered, or expensed on that budget.
  • But as some of those in this room are aware, there was a reduction to our overall operating budget.
  • Item 5E is the FY26 budget.
  • budget.
MO

Missouri 2026 Regular Session

2026 Legislative Session - Day Forty Seven - Tuesday, April 7

Missouri House Floor Meeting

Transcript Highlights:
  • You know, the original intent of the whole SNAP program was not to be your entire budget.
  • Use this to buy your nutritional portion of your food budget.
  • Savings of the national budget. Savings of the national budget?
  • And general revenue is at the decision of the budget as to where it's to be assigned. Correct.
  • I believe that the budget process is one that is extraordinarily difficult, complex.
Keywords: 959, house, all
MO

Missouri 2026 Regular Session

2026 Legislative Session - Day Forty Seven - Tuesday, April 7

Missouri House Floor Meeting

Transcript Highlights:
  • You know, the original intent of the whole SNAP program was not to be your entire budget.
  • Use this to buy your nutritional portion of your food budget.
  • The unintended consequences: savings of the national budget. Savings of the national budget?
  • You take this program and it is to supplement your food budget.
  • I believe that the budget process is one that is extraordinarily difficult, complex.
Summary: The House opened with prayer, the Pledge of Allegiance, and approval of the House Journal by a 104-0 vote. Members then spent a large portion of the session offering personal remarks and introducing guests, including the family of Lance Corporal Jared Schmitz, school groups, a Boy Scout troop, a Highway Patrol commander, and community figures such as Corey Johnson and boxer Devin Alexander. There was also a moment of silence for a member’s mentor and a personal privilege statement recognizing Autism Month and the work of teachers and therapists serving autistic children. The main floor debate centered on House Committee Substitute for House Bill 2481, which would tighten Missouri rules for SNAP and related public benefits by requiring proof of citizenship or lawful presence, using the federal SAVE system throughout eligibility checks, and directing the Department of Social Services to seek a waiver to steer SNAP purchases toward healthier foods. Supporters framed the bill as a matter of accountability, taxpayer stewardship, fraud prevention, and improved nutrition, while opponents argued it was unnecessary because federal law already limits eligibility, could add administrative costs, and could harm children, families in food deserts, and pregnant women who rely on programs such as Show Me Healthy Babies. An amendment offered by the gentleman from Johnson to extend the bill to MoHealthNet was adopted, and after extended debate the House invoked the previous question 91-46, then adopted and perfected the bill as amended. The House also advanced House Committee Substitute for House Bill 1869, which creates a process and fund to repair damaged veterans’ headstones in public and private cemeteries, with support from members who emphasized honoring veterans and preserving gravesites; the bill was adopted and perfected without opposition. House Bill 2927 was also moved forward; it would require settlement demands tied to extra-contractual or bad-faith insurance claims to be written, held open for 90 days, and reference the relevant statute. Supporters said it gives insurers reasonable time to evaluate large claims, while opponents said it could delay compensation for injured Missourians; it too was adopted and perfected. The House then began consideration of additional bills, including House Bills 2387 and 2480, as the session continued.
KY
Transcript Highlights:
  • </c> And we are now under finding number three, Medicaid budget growth is unsustainable.
  • </c><00:26:58.200><c> review</c> the interim joint budget review the interim joint budget review committee
  • We included in the budget money for that purpose and to erase fees, but it never happened. >> So what
  • We included in the budget money for that purpose and to erase fees, but it never happened. >> Another
  • </c> Medicaid expenditures while the budget Medicaid expenditures while the budget is<01:11:38.680><c
Keywords: 958, all
Summary: The Medicaid Oversight and Advisory Board met on January 12, 2026, to approve the December 10, 2025 minutes and continue finalizing its findings and recommendations. Members reviewed findings on administrative inefficiencies, Medicaid and workforce participation under HR 1, Medicaid budget growth, rural health transformation fund development, and provider tax/state-directed payment changes. The board approved a motion to change “pilot” to “partnership” in the workforce-related recommendation, and also adopted a technical amendment clarifying overlapping HCBS services by removing reference to adult daycare waiver services and revising the language to focus on reducing duplication, simplifying provider contracting, and standardizing processes across programs. A separate technical correction was noted to change “DMS” to “DPH” in the rural health transformation finding, to be handled in the final edits. Several findings drew discussion but no final substantive vote during the meeting. On the rural health transformation fund, Dr. Berg said Kentucky had done well in federal funding and noted limits on what could be shared publicly, while Commissioner Lee said a public website had been created and recommended the department reference be changed to the Department for Public Health. Finding five prompted extended discussion about provider taxes, state-directed payment reductions under HR 1, and whether the board should address the relationship between actuarial studies, MCO payments, and actual provider reimbursement more directly. Senator Meredith and others argued for a broader, more transparent baseline review of rates across provider groups, while Commissioner Lee said CMS will require certain fee schedule comparisons to Medicare beginning July 1, 2026, and that quarterly expenditure reports already go to LRC. The board did not finish resolving finding five during the meeting and agreed to return to it after staff prepared more explicit language. Members also discussed the possibility of an all-payers claims database as a better way to understand what is being paid across payers and services. No final vote on the full findings package was taken in the portion of the meeting provided, but the board did adopt the noted amendments and continued working through the remaining language.
KY
Transcript Highlights:
  • It's a—you have to put budget information and a lot of detailed financial information in the front end
  • information and a lot have to put budget information and a lot of<00:09:23.519><c> detailed</c><00:09
  • Um it's a lot of budget is personally.
  • Um it's a lot of budget is really<00:11:18.560><c> where</c><00:11:18.720><c> you</c><00:11:18.880><c
  • </c> don't know what future federal budgets don't know what future federal budgets are<00:19:07.039><
Summary: The Public Pension Oversight Board met with a quorum, approved the prior minutes, and heard updates from the Kentucky Public Employees Deferred Compensation Authority and the Teachers Retirement System. The deferred compensation update highlighted continued growth in assets to about $4.787 billion and roughly 88,000 participants, strong retention from auto-enrollment, a marketing campaign tied to pay raises that generated additional participation, and a new self-directed brokerage account expected to launch July 1 of the coming year for participants with at least a $40,000 balance, allowing up to 25% of their account to be moved into the brokerage window. The director also described the free financial planning service, which has been used by about 3,500 participants with a high return rate, and said the plan is currently in a fee holiday; if fees are charged, they are capped at $237 per year for most participants. Members asked questions about who provides the CFP service, the fee structure, and the brokerage eligibility threshold. The director said the CFP service is provided through the authority’s service bundle with Nationwide, not as a separate paid service, and explained that the fee cap and current fee holiday are intended to keep the program low-cost. Board members praised the deferred compensation program’s performance and asked for a copy of the legislation referenced in the presentation. TRS then presented on retired teachers’ health insurance. Barnes first clarified how declining federal contributions for federally funded school positions affect the retirement annuity trust, explaining that if those federal dollars fall, the amounts would need to be covered through the SEEK formula and that the projection for those contributions is about $80 million over the next three years. He then reviewed TRS retiree health coverage, distinguishing between KEHP for retirees under 65 or not Medicare-eligible and MEHP for Medicare-eligible retirees, and explained that TRS recently completed RFPs for both prescription drug and medical coverage. TRS will keep Express Scripts for prescription drugs, but will move the Medicare Advantage medical plan from UnitedHealthcare to Humana on January 1, 2026, while keeping the plan design, provider access, and out-of-pocket structure largely unchanged, with a new hearing-aid benefit of $500 per ear. Barnes also reported the 2026 premium and contribution changes: the maximum TRS contribution toward KEHP will rise to $1,144.96 from $930.76, an 18% increase that he said will require roughly $15 million to $16 million more in the state budget, while the MEHP premium will drop to $200 per month from $210. He said the TRS board has statutory authority to set these amounts and that the changes will have mixed actuarial effects, with the KEHP increase being negative overall and the MEHP decrease positive.