Video & Transcript : 'budget reserve' :
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HI
Transcript Highlights:
- Any reservations? Any no votes?
- Any reservations? Any no votes?
- Any reservations? Any no votes?
- Any reservations? Any no votes?
- Any reservations? Any no votes?
Committee:
House Finance
CO
Colorado 2026 Regular Session
Colorado House 2026 Legislative Day 088 Apr 11th, 2026
Colorado House Floor Meeting
Transcript Highlights:
- budget.
- budget.
- </c> into our budget. into our budget.
- . budget. budget.
- No budget in a year budget isn't either.
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 4 on Climate Crisis, Resources, Energy, and Transportation Apr 9th, 2025
Transcript Highlights:
- And welcome to Assembly Budget Subcommittee No. 4.
- These reflect errors in the budget change proposal.
- And we reserve an allocation of 375,000 for statewide bond costs.
- that are in the strategic reserve be moved out?
- That is why we support the governor's proposed budget.
MN
Minnesota 2025-2026 Regular Session
Minnesota Management and Budget Press Conference 3/6/25
Transcript Highlights:
- I also want to thank Anam Mingi and our budget team for their work developing the budget outlook, as
- reserve.
- updates and our nation-leading budget reserve policy means that our reserves are fully funded.
- </c> updates and our nation leading budget updates and our nation leading budget Reserve<00:37:48.000
- </c> Reserve policy means that our reserves Reserve policy means that our reserves are<00:37:49.920><
Summary:
Minnesota Management and Budget presented the February 2025 budget and economic forecast, with Commissioner Aon Campbell, State Economist Anthony Becker, and Budget Director Anam Mingi outlining updated revenue, spending, and long-term balance projections. The state’s FY 2026-27 general fund outlook remains positive but weaker than in November, with an ending balance of $456 million, down $160 million from the prior forecast. Looking ahead, the planning years FY 2028-29 show a projected deficit of just under $6 billion, driven largely by spending growth outpacing revenues. Officials emphasized that discretionary inflation is a major factor in the forecast, but also noted that those amounts are not automatically appropriated and would require legislative action.
Becker said the national outlook has changed since November, with higher expected inflation, higher interest rates for longer, and slower growth in later years. He highlighted uncertainty around tariffs, trade policy, immigration policy, federal spending, and possible changes to tax and debt-ceiling policy, all of which could affect Minnesota’s economy and revenues. Minnesota’s labor market remains tight, with low unemployment and rising wages, and the revenue forecast was revised upward overall for FY 2026-27, including higher income and sales tax receipts, though corporate tax revenue was slightly lower than previously projected.
Mingi said projected general fund spending is up $79 million in FY 2026-27 and $960 million in FY 2028-29 compared with November. The largest increases are in education and health and human services, especially due to inflation, higher pupil counts, special education costs, long-term care, and higher Medical Assistance spending. She noted that higher utilization of weight-loss drugs also raises Medicaid costs, and that a smaller assumed bonding bill helps offset some debt service costs. The commissioner and staff repeatedly warned that federal policy changes, especially possible Medicaid reductions, pose a major risk; they said Minnesota could face billions in lost federal funding, including a potential $2.4 billion hit if the enhanced Medicaid match for adults without children were eliminated. No votes or legislative actions were taken in the presentation.
HI
Transcript Highlights:
- Vice Chair, Budget Finance and support.
- Vice Chair, noting Budget and Finance support.
- </c> um I guess either either one Budget um I guess either either one Budget Finance<00:41:55.599><c>
- Any reservations? Any no's? The recommendation is adopted.
- </c> pass with amendments any reservations pass with amendments any reservations any<01:02:16.760><c>
Committee:
House Finance
MN
Transcript Highlights:
- Chair and budget reserve and So, Mr.
- reserve to balance the to use the budget reserve to balance the overall<01:31:08.280><c> budget.
- </c> budget if the using the using the budget budget if the using the using the budget reserve<01:32:
- </c><01:35:01.040><c> reserve</c> We the the point of the budget reserve We the the point of the budget
- budget reserves for about operate on its budget reserves for about 36.3<01:36:51.120><c> days,</c><01
Committee:
Senate Finance
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Wednesday, July 2, 2025)
US Federal House Floor Meeting
Transcript Highlights:
- </c> lady reserves. lady reserves.
- I reserve. Gentleoman<02:32:06.560><c> reserves.
- I reserve. Gentleman<02:40:06.160><c> reserves.
- I reserve my time. Gentleman's time is reserved.
- Gentle lady reserve. Gentleman reserves.
CA
California 2025-2026 Regular Session
Senate Budget and Fiscal Review Subcommittee No. 2 on Resources, Environmental Protection and Energy May 21st, 2026
Transcript Highlights:
- The budget does that by leaving a positive SFEU balance of $4.5 billion in budget year 2026-27 and $2.1
- Conservancy's budget.
- Second, rather than withdrawing and failing to deposit into the Budget Stabilization Account, our reserve
- We think, in lieu of that, it would make more sense to put it into our traditional budget reserve so
- budget window.
CA
Transcript Highlights:
- Budget on that cycle, on complying with RENA.
- And so when it comes time to fix the elevator or fix the reserves and to reach into the reserve accounts
- or the reserves for homeowners 20 years ago.
- And part of that is having reserves.
- and reserves that are not transferred to other purposes.
Committee:
Senate Housing
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 4 on Climate Crisis, Resources, Energy, and Transportation Apr 9th, 2025
Transcript Highlights:
- These reflect errors in the budget change proposal.
- These reflect errors in the budget change proposal.
- As noted, the Budget Act moved some funds around, about 18 million of that was moved As noted, the Budget
- Will there be an impact to the Lifeline budget?
- That is why we support the Governor's proposed budget.
Summary:
The hearing was an informational budget session on energy agency proposals, with no votes taken. Early discussion focused on Proposition 4 climate bond implementation, including funding for demand-side grid support, offshore wind development, and transmission financing. The Department of Finance said the budget includes allocations for demand-side grid support and offshore wind, but not yet for the $325 million transmission financing piece pending a required study. The Legislative Analyst’s Office urged the Legislature to consider whether to wait on offshore wind funding, whether to keep shifting funds into demand-side grid support, and how to direct future transmission financing. Members also raised concerns about local technical assistance for offshore wind, Salton Sea priorities, and the need for more information before final decisions.
The California Energy Commission and CPUC then reviewed the broader energy package. The CEC highlighted the demand-side grid support program’s growth, distributed energy backup assets, long-duration storage, hydrogen grants, and the SIRP clean energy reliability program. CPUC testimony emphasized affordability, wildfire mitigation costs, rooftop solar cost shifts, and efforts to reduce rates while maintaining reliability and clean energy goals. Members questioned CPUC staffing, delays in proceedings, coordination with the CEC and CAISO, and the impact of rate increases on customers. The agencies also discussed the AB 3264 transmission financing study, with CPUC saying work on the study had already begun and was on track for the July 1 deadline.
Several trailer bill and implementation items were also discussed. The committee reviewed a proposal to extend the Deaf and Disabled Telecommunications Program surcharge, with members split over whether it should be handled in budget trailer bill language or policy legislation; the administration said the surcharge supports a critical program serving about three-quarters of a million Californians. The committee also heard a CPUC data-sharing proposal to allow nondisclosure agreements for transmission and reliability data, which members generally supported as a technical fix. DWR explained a proposal to clarify language for the Electricity Supply Strategic Reliability Reserve so it can potentially sell three gas-fired units it owns, and the CEC presented a federal transmission grant proposal tied to grid-enhancing technologies and ratepayer cost recovery. Finally, the committee discussed California Lifeline and possible broadband pilot reforms in light of uncertainty around federal Universal Service Fund support, with CPUC saying it is exploring a statewide standalone broadband option for eligible customers.
FL
Florida 2026 5th Special Session
Appropriations Oct 8th, 2025
Transcript Highlights:
- This is total state reserves.
- So, altogether, we're just shy of $15 billion in total reserves.
- Essentially the Budget Stabilization Fund.
- You would probably be able to be fine with our current reserves.
- So it's our intent to roll our budgets out in week three of session.
Summary:
The committee met to hear Amy Baker’s presentation on Florida’s constitutionally required long-range financial outlook for fiscal years 2026-27 through 2028-29. Baker said the forecast reflects slower but still positive economic growth, continued above-average personal income growth, rising wages, and population growth that is increasingly driven by in-migration as Florida’s senior population expands. She highlighted weakening housing-related revenue, especially documentary stamp taxes, softer consumer sentiment, and the expectation that Florida will pass 25 million residents by 2030, with nearly a quarter of the population age 65 or older.
Baker said the outlook largely retained the March 2025 general revenue forecast, but the Legislature’s 2025 session actions significantly improved near-term funds available by redirecting or freeing up money, including contingency appropriations and reversions. She noted total state reserves are just under $15 billion, or about 30% of general revenue, and that the budget stabilization fund is at its constitutional maximum. The main spending pressures in the outlook were critical needs, led by a new emergency preparedness and response fund transfer and Medicaid growth driven mainly by medical inflation and behavioral analysis costs in managed care, not by caseload growth. Other high-priority needs were also identified, and Baker said the first year shows a projected surplus, but years two and three show shortfalls, meaning fiscal strategies will still be needed.
Members questioned Baker about the accuracy of the forecast, Medicaid managed care costs, the emergency preparedness fund, federal funding assumptions, and whether recent federal legislation was reflected in the numbers. Baker said the outlook is a good representation of the total picture, though the Legislature will likely adjust it as conditions change, and that more information on federal changes would come in later estimating conferences. Senator Trumbull asked about the governor’s veto of $750 million, and Baker said it simply returned to unallocated general revenue rather than being spent or added to the budget stabilization fund. The chair closed by warning members to expect a difficult budgeting process and noting that the committee would adjourn without further action.
MN
Transcript Highlights:
- </c><00:10:28.279><c> will</c> assumes that the Federal Reserve will assumes that the Federal Reserve
- I'm Anna Mingi, State Budget Director with Minnesota Management and Budget.
- reserve.
- Our nation-leading budget reserve policy means that our reserves are fully funded.
- </c><00:38:07.119><c> Reserve</c> and our nation leading budget Reserve and our nation leading budget
Committee:
Senate Finance
HI
Hawaii 2026 Regular Session
House Chamber - Wed May 6, 2026, 9:00AM HST - Day 57
Hawaii House Floor Meeting
Transcript Highlights:
- So that is the primary reason for my uh reservations in voting this budget through at this time.
- </c> reservations um in voting this budget reservations um in voting this budget through<01:06:01.200
- >> Reservations. >> Reservations. >> Reservations.
- >> Reservations. >> Reservations. >> Reservations.
- >> Reservations. >> Reservations. >> Reservations.
NM
Transcript Highlights:
- We are showing, I believe, if I'm not mistaken, a 27% reserve on this budget, forecast revenues overspending
- And we do have a balanced budget here. We also need to maintain very high reserves.
- President, and when we budget, we budget for years and Grow.
- And that's the way Grow is budgeted in the budget. Mr.
- This budget is the budget of the entire Senate. It's not the budget of just the Finance Committee.
Summary:
The Senate convened with a quorum, prayers and pledges, and several procedural announcements, including permission for cameras, a relaxed dress code for guests, and excusing a few senators. Members also recognized numerous guests and honorary lieutenant governors, and discussed a planned bolo tie contest tied to New Mexico tradition and state history. The chamber then moved to business, including the confirmation of Anna Silva as Secretary of the General Services Department.
The confirmation drew broad support from senators on both sides, who praised Silva’s long career in state government, her management experience, and her work on major projects such as the executive office building, procurement reforms, and facilities management. After debate, the Senate voted unanimously to confirm her appointment. Silva’s family and guests were recognized from the floor after the vote.
The Senate then took up House Bill 2 and 3, the state budget. Senator Muñoz presented the Senate Finance version as a balanced budget with about $11.1 billion in spending, 27% reserves, recurring investments in health care, early childhood, public safety, education, roads, housing, and economic development, and targeted nonrecurring spending for items such as water, universities, and innovation sectors. Supporters emphasized affordability, teacher health insurance parity, medical residency funding, rural and community investments, and public safety funding. Critics raised concerns about the size of the budget, the late availability and complexity of the bill, the removal of a proposed 1% pay raise for state employees, and whether spending priorities and education dollars were being allocated effectively. No final vote on the budget was shown in the transcript excerpt.
NM
New Mexico 2025 Regular Session
IC - Investments and Pensions Oversight Aug 13th, 2025
Investments & Pensions Oversight Committee
Transcript Highlights:
- Because I think from last year, from this last budget cycle, we were able to increase the budget for
- When the state budget authority was set up, they were given that same unlimited budget authority.
- In the new budget, when the budget year started, Madam Chair and Senator, the budget year started July
- And then that brings up the fact that the state treasurer invests the budget money that we budget, and
- a strategic Bitcoin reserve.
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Environment and Natural Resources Jun 21st, 2026 at 01:00 pm
Joint Committee on Environment and Natural Resources
Transcript Highlights:
- 300,000 acres of reserves by 2030.
- There should be forests that are put in reserves. We support putting forests in reserves.
- agencies, would have a budget within which to work.
- to make the choices within that budget.
- While budgets operate on annual cycles...
Summary:
The hearing covered several environment and natural resources bills focused on natural and working lands, forest protection, municipal reforestation, trail accessibility, and a park naming bill. Representative Moschino and Senator Comerford described the natural and working lands bill as part of the state’s climate roadmap, arguing that protecting these lands supports carbon sequestration, resilience, biodiversity, and helps prevent development pressure on the least expensive land. Senator Comerford also testified on a separate bill to expand access to trails for people of all abilities, saying it would build on the administration’s Trails for All initiative and create a permanent advisory structure and trust fund. Representative Consolvo and family members testified in support of H. 4259 to name the tennis courts at Wether Park in Roslindale after Kim O’Connell, describing her long community service and activism.
A large portion of the hearing focused on H. 952 and H. 953, bills to protect watershed and state forest lands as parks or reserves. Supporters, including environmental advocates, scientists, and organizations such as Standing Trees, Sierra Club, The Nature Conservancy, and the Massachusetts Forest Alliance’s opponents, debated whether state forests and watershed lands should be permanently reserved from logging and other active management. Supporters said the bills would improve carbon storage, water quality, biodiversity, flood and drought resilience, and would protect large acreages of public land at no cost. Opponents, including the Massachusetts Forest Alliance, argued that sustainable forest management and a mix of reserves and managed forests are needed for climate, water quality, wildfire prevention, rural jobs, and carbon outcomes, and urged the committee to allow the administration’s existing reserve process to continue.
The committee also heard extensive testimony on the municipal reforestation bill, H. 1013/S. 553, which would create a statewide program, advisory council, and trust fund to support urban tree planting and maintenance. Municipal officials and advocates from Wellesley, Cambridge, Boston, the Mystic River watershed, and other communities said urban trees are critical for cooling, stormwater control, air quality, public health, and equity, especially in environmental justice neighborhoods with low canopy cover and high heat. Several witnesses emphasized that consistent funding is needed because trees take years to mature and many municipalities lack staff or watering capacity. Some witnesses asked that the bill be funded at $100 million and tied to the Mass Ready Act or environmental bond funding. No votes or final committee actions were taken during the hearing.
CA
California 2025-2026 Regular Session
Joint Hearing Assembly Human Services and Senate Human Services Aug 19th, 2025
Transcript Highlights:
- My family, I grew up on a small reservation in Lolita, the Table Bluff Reservation.
- My family, I grew up on a small reservation in Lolita, the Table Bluff Reservation. Thank you.
- Reservation in Lolita, the Table Bluff Reservation.
- extra budgets just in case.
- We were fundraising $150,000 a year, about 25% of the budget, and $50,000 a year, about 25% of the budget
Summary:
The Senate and Assembly Human Services Committees held a special oversight hearing on California’s 2026-27 Community Services Block Grant (CSBG) state plan, focusing on how the federal anti-poverty funds are administered and used by local community action agencies. Department of Community Services and Development Director Jason Wimbley explained that CSBG is a flexible funding stream used to address housing, employment, education, food insecurity, health, transportation, and disaster response needs, with 60 organizations serving all 58 counties. He noted California received $68.4 million in federal fiscal year 2025 CSBG funds and that the program served about 1.5 million low-income Californians in 2023. He also described how CSBG helped with wildfire response and emphasized the risk posed by proposed federal elimination of the program, though he said federal staffing and program operations were currently stable.
Representatives from CalCAPA and several funded agencies described CSBG as essential “braid” funding that supports staffing, leverages other grants, and fills gaps for people who do not qualify for other safety net programs. CalCAPA leaders stressed local flexibility, workforce development, partnerships, and the ROMA performance system, while agency witnesses from Contra Costa County, Northern California Indian Development Council, Proteus, and Sacred Heart Community Service gave examples of housing assistance, food distribution, employment training, utility aid, rural service delivery, tribal services, and disaster or emergency support. Several witnesses warned that federal cuts or elimination of CSBG would force service reductions, layoffs, and loss of leverage for other funding sources. The hearing also included discussion of CalAIM coordination, contingency planning for possible funding losses, and the limits of county ability to backfill federal reductions.
During public comment, one speaker raised concerns about compliance and transparency issues involving community action agencies and asked the committees to ensure agencies follow California law. The chair thanked the witnesses and public commenters, reiterated the importance of CSBG in addressing poverty and homelessness, and adjourned the hearing after noting the need to sustain the investment and adapt services to changing statewide needs.
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Tuesday, June 10, 2025)
US Federal House Floor Meeting
Transcript Highlights:
- </c> law and I reserve gentleoman reserves. law and I reserve gentleoman reserves.
- I reserve. committee on taxation budget. Um you committee on taxation budget.
- </c><04:50:33.360><c> I'm</c> reserved. I gentleman reserves. I'm reserved. I gentleman reserves.
- I reserve. back. The gentleman reserves. I reserve. I<05:02:02.000><c> reserve.
- Gentleman reserves and the I reserve.
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 3 on Education Finance Mar 5th, 2025
Transcript Highlights:
- the 2025-26 budget. ...for the 2024-25 budget and the 2025-26 budget.
- for the 2425 budget and the 2526 budget for the 2425 budget and the 2526 budget while deferrals may
- Budget.
- Budget.
- At the same time, cash reserves, which are a component of total reserves, we like to see total reserves
Summary:
The Assembly Budget Subcommittee on Education Finance met for its annual Proposition 98 overview, with Chair Alvarez outlining the committee’s focus on K-12 funding, student outcomes, and use of one-time funds. Superintendent Tony Thurmond gave an update on education issues, including wildfire recovery support for affected school communities, ongoing concerns about federal threats to education funding and immigration enforcement, progress on literacy and math, dual-language immersion, educator housing, and support for dual enrollment. Members broadly expressed support for these priorities, while also raising concerns about implementation, funding stability, and the need for schools to remain safe places for students.
The committee then reviewed the Governor’s Proposition 98 proposal. The Department of Finance said the 2025-26 Proposition 98 guarantee is projected at $118.9 billion, with higher revenues and TK-related rebenching driving the increase. The LAO said the budget adds about $7.5 billion over two years and discussed the volatility of the guarantee, especially in 2024-25, when changes in revenue could have an outsized effect on school funding. Members questioned the proposed $1.6 billion delayed settle-up payment, the legal basis for delaying it, and the impact of possible federal funding freezes. The LAO presented alternatives such as a reserve deposit or delayed disbursement, while Finance said the proposal is intended to manage uncertainty. Members also raised concerns that ethnic studies implementation was not funded in the January budget, and Finance said the administration was not proposing funding for it.
The committee next heard on the Proposition 98 rainy day fund and education deferrals. Finance said the reserve would receive a mandatory deposit of about $1.2 billion in 2024-25 and a discretionary deposit of $376 million in 2025-26, leaving a balance of about $1.5 billion. The LAO supported rebuilding the reserve as a way to manage volatility. On deferrals, Finance described the Governor’s plan to eliminate remaining deferrals by 2025-26, and the LAO said paying them off improves cash flow and budget resilience. Members generally supported eliminating deferrals and rebuilding reserves, though some asked about acting earlier if revenues allow. The committee also reviewed the proposed $1.8 billion student support and professional development block grant; Finance said it would fund professional development, recruitment and retention, and dual enrollment, while the LAO recommended clearer language on local discretion and use for one-time costs. Members were divided, with some supporting flexibility and others warning that one-time block grants can create instability and confusion for districts.
MN
Minnesota 2025-2026 Regular Session
House panel hears bill proposing constitutional amendment to return surpluses to taxpayers 2/11/25
Minnesota House Floor Meeting
Transcript Highlights:
- reserve because I'm kind of wondering about the interplay between this and the budget reserve.
- Do we take the money first from the budget reserve, or do we first do this and then do the budget reserve
- reserve because I'm kind of wondering about the interplay between this and the budget reserve.
- Do we take the money first from the budget reserve, or do we first do this and then do the budget reserve
- Do we take the money first from the budget reserve, or do we first do this and then do the budget reserve