Video & Transcript : 'price estimates' :

Page 31 of 500
WA
Transcript Highlights:
  • Do we have an estimate of how much time this is going to save?
  • Do we have an estimate of how much time this is?
  • on the amount of gas used, but also the price of natural gas.
  • And so since we do not know the actual price for natural gas, we had to estimate it using... ...the natural
  • In the two-year period prior to its expiration, we estimate that beneficiaries will save an estimated
Summary: The committee met on December 3, 2025, with a quorum present and approved the September 17 minutes. Members first voted to suspend the 2026 JLARC lodging tax expenditure report for one year, based on staff’s explanation that the report is self-reported, not verified, and less useful than State Auditor accountability audits; the motion passed. The committee also approved renaming the JLARC I-900 subcommittee to the “Committee to Hear SAO Performance Audits,” while keeping the opening script noting that the performance audit process exists under Initiative 900. The committee then heard follow-up updates on two prior performance audits. The Department of Health presented a draft strategic management plan in response to findings on hospital inspections, complaints, adverse event review, and hospital data access. JLARC staff reiterated that 72% of hospital inspections were late, that DOH did not verify third-party inspection standards or review adverse event reports, and that complaint data suggested possible language-access barriers. DOH said it concurred with the recommendations, had improved on-time inspection compliance to about 49%, planned annual updates starting in July 2026, and would work on accreditation oversight, complaint-language access, and data accessibility, though members pressed for firmer deadlines and questioned the three-year timeline for language access improvements. The Liquor and Cannabis Board also reported on its cannabis market study recommendation. JLARC staff said the agency’s data were incomplete and unreliable, limiting oversight of production, recalls, tax collection, and diversion. LCB said it had improved its current CCRS system but still relied on self-reported data, and it presented a decision package for a new traceability system estimated at about $9 million over three fiscal years. LCB described a plant-tagging and serialization approach tied to production, processing, testing, and retail, but acknowledged it did not currently have sufficient staff to fully implement the system without additional funding. The committee also received briefings on JLARC’s recommendation-tracking tools and the 2024 public records reporting summary, including a high-level review of agency response rates, request volumes, costs, and litigation. Finally, JLARC presented the proposed final report on the Office of Privacy and Data Protection, concluding that OPDP meets its statutory responsibilities and has high user satisfaction, but that its mandate should be updated to better match its current capacity and focus; the committee adopted the report for distribution. The meeting then moved into the 2025 tax preference performance reviews, where JLARC staff summarized nine reviews and noted that the Citizens Commission on Tax Preference and Performance Measurement endorsed all 17 legislative auditor recommendations, with comments on seven. Early reviews discussed included natural gas transportation fuel preferences, travel agent and tour operator B&O rates, nonprofit low-income housing development, multipurpose senior centers, disabled veteran adaptive housing, and trade convention attendance, with staff and commissioners generally recommending continuation of some preferences, modification of others, and improved objectives or performance measures where needed.
CA

California 2025-2026 Regular Session

Senate Labor, Public Employment and Retirement Committee Mar 11th, 2026

Labor, Public Employment and Retirement

Transcript Highlights:
  • For workers who remain employed, paychecks have not kept up with rising prices.
  • For workers who remain employed, paychecks have not kept up with rising prices.
  • sometimes employers or firms eat some of those prices, sometimes they pass them on.
  • So... ...last until the end of the year, we estimated.
  • With all that being said, California has the highest grocery prices in the nation.
Keywords: 987, senate, all
CA
Transcript Highlights:
  • I believe their total number estimate is in the 20,000s of homes that were affected.
  • They've estimated between $165 million a year and $300 million a year.
  • Those things are estimated out at that time.
  • When I say adjustments, it's really estimating.
  • When I say adjustments, it's really estimating.
Summary: The subcommittee first received an informational update on the Governor’s Office of Service and Community Engagement (GoServe), including California Volunteers, the Office of Community Partnerships and Strategic Communications, and the Youth Empowerment Commission. GoServe reported strong participation in College Corps, Youth Service Corps, and Climate Action Corps, along with outreach results from OCPSC and the Trusted Messenger Network. The Department of Finance said the programs remain a priority but noted prior budget reductions, while the LAO said it had no new recommendations. Committee members raised questions about program diversity, geographic reach, administrative costs, and whether the programs duplicate existing volunteer opportunities; one member criticized the programs as costly and duplicative, while another emphasized the value of volunteerism and asked about the men’s service challenge. The item was informational only. The committee then heard an overview of the Board of Equalization’s property tax responsibilities and its first budget proposals since the 2017 reorganization. BOE described its role in county assessment oversight, state-assessed property valuation, and related tax administration. Members asked about BOE’s interaction with counties, property tax reassessments, and local tax notices; BOE explained it mainly works with county assessors and handles technical property tax questions, while local special district charges are generally outside its scope. The committee also considered a BOE proposal to implement SB 293, which would give additional time for certain intergenerational property tax transfer claims after the 2025 wildfires. BOE requested $154,000 for guidance, public materials, and inquiry response work, saying the change is urgent for wildfire-affected families, especially in Altadena. The LAO had no concerns, and the item was held open. BOE also presented an information technology modernization proposal for its state-assessed property program, seeking $3.2 million in 2026-27 and $3.1 million in 2027-28 to replace a 30-year-old mainframe system. BOE said the current system relies heavily on manual data entry and paper processes, creating inefficiencies, cybersecurity risks, and delays, while modernization would free staff for more audits and valuation studies. The LAO supported the need but urged a high bar for new IT projects; Finance said the project met the threshold of necessity. Members generally supported the upgrade but asked about audit gains, revenue impacts, and implementation risks, and the item was held open. Finally, CDTFA gave its department overview and then discussed a proposal to require all delivery network companies, such as Uber Eats and DoorDash, to be treated as marketplace facilitators for sales tax purposes. CDTFA said the current carve-out creates confusion for restaurants and small businesses because some DNCs collect and remit tax while others do not, and the change would improve compliance and shift reporting to larger platforms. Members debated whether the proposal amounts to a tax increase for consumers, with CDTFA and Finance arguing it is a consistency and compliance measure rather than a new tax, while others said it would likely raise consumer costs. The committee also discussed broader CDTFA issues, including local sales tax districts, revenue-sharing agreements, and the growth of special taxing jurisdictions. No votes were taken, and the agenda items were informational or held open.
CA
Transcript Highlights:
  • Dynamic pricing encourages customers to use electricity Dynamic pricing encourages customers to use electricity
  • It means real-time hourly day-ahead pricing. So Means real-time hourly day-ahead pricing.
  • Dealing with real-time pricing, which means hourly day-ahead.
  • Some studies have estimated the savings at as much as 40% of project costs.
  • And then we tie pricing to that.
Summary: The committee first heard AB 710, which would expand dynamic pricing and time-of-use electricity rates and require utilities to develop plans for advanced metering infrastructure so more customers can participate. The author and supporters said the bill would encourage load shifting to times when electricity is cheaper and cleaner, reduce curtailment of renewable energy, and help address affordability. PG&E and SDG&E opposed the bill as drafted, arguing the deadlines were premature, could disrupt ongoing CPUC rate proceedings and pilot programs, and might force costly changes before results are known; Golden State Power Cooperative was neutral and flagged a technical issue. After questions and discussion about timing and scope, the committee passed AB 710 on an 11-0 vote and also approved the consent calendar 15-0. The committee then held its first 2026 oversight hearing on implementation of the California Transmission Accelerator created by SB 254. GoBiz, IBank, CAISO, and the Department of Finance outlined the new program’s structure: GoBiz’s energy unit will coordinate the accelerator, IBank will evaluate and finance eligible projects, CAISO’s transmission planning and competitive solicitation process will identify projects, and the tax credit will provide an additional incentive for developers. Administration witnesses said trailer bill language and about 10 limited-term positions are being proposed to clarify roles, protect confidential information, and support the revolving fund, with roughly $26 million in administrative costs over five years. Committee members focused on coordination among agencies, supply-chain risks, regional market planning, and whether the accelerator has enough authority to move projects quickly. CAISO said its planning and competitive procurement processes already align closely with the accelerator and that no tariff changes are expected, while GoBiz and IBank said they are still developing financing strategies and learning from other states. Public commenters supported faster transmission but urged the committee to preserve the role of competitive developers, clarify ownership and risk allocation, and ensure wildfire safety and accountability. The hearing ended with no formal action beyond receiving testimony and committing to continued oversight.
WA

Washington 2025-2026 Regular Session

Joint Transportation Committee Nov 20th, 2025

Joint Transportation Committee

Transcript Highlights:
  • We're estimating that to be like a 50-car facility, trains of 50 cars in length.
  • And then we're going to be moving into cost estimating, getting some cost estimates for the scenarios
  • So we know that farmers are price takers, not price makers.
  • If less grain moves, then it's a higher price per unit based on fixed costs.
  • If less grain moves, then it's a higher price per unit based on fixed costs.
Summary: The committee first heard an update on the Joint Transportation Committee study of transportation impacts if the Lower Snake River dams were removed. WSDOT and Jacobs described the study’s phases, including current work on geology, infrastructure risk, and a total logistics cost model. They explained that the study is examining how freight now moved by barge—especially wheat, fertilizer, and wood—could shift to rail and roads, and they outlined several scenarios ranging from no-dam future conditions to new unit-train terminals, short-line rail options, and a combined “many solutions” scenario. Members asked about irrigation, impacts in Idaho and Oregon, port capacity, emissions, competition, EV trucks, and whether the model could estimate transportation effects if grain volumes decline. The presenters said the study assumes current production levels continue, does not model irrigation changes or broader farm-economics impacts, but does account for transloading costs and can estimate transportation impacts under different volume assumptions. WSU’s independent review team said the model has improved substantially but still needed refinement, especially in routing, road data, and spatial detail, and that stakeholder engagement had been strong though delayed by model development. No votes were taken. The committee then received a presentation on the alternative sidewalk funding study. Staff and consultants said the study is exploring ways local governments could sustainably fund sidewalk maintenance, repair, and new construction, using a statewide survey, interviews, national research, and case studies in eight jurisdictions. They noted sidewalks are important for pedestrian safety and connectivity, but there is no dedicated funding source in Washington, and existing grants and local revenue tools are highly competitive or limited. The consultants highlighted sidewalk fees or utility-style charges as the most promising option to study, while a parcel tax was largely set aside because of state property-tax uniformity concerns. Members asked whether the study would duplicate existing funding or add to current taxes, and how a sidewalk fee would be collected; the consultants said the goal is to expand local options, not mandate adoption, and that fees would likely be billed through utilities rather than property taxes. A preliminary draft report is due December 15, with a final report due in mid-June. Next, staff gave a brief update on the ocean-going vessels study, which is examining shore power and emissions rules for vessels at berth. The presenter explained that federal Clean Air Act rules and California waiver authority create legal limits on how far Washington can go if it wants to adopt similar standards, and that deviations from California’s approach can increase litigation risk. The report will summarize stakeholder outreach and will be presented in draft form at the next JTC meeting. Finally, county engineers from Chelan and Douglas counties began a presentation on county transportation challenges, with the association’s director emphasizing collaboration with state agencies and local partners on issues such as fish passage barriers and infrastructure needs. The county presentation was only beginning when the transcript ended, and no committee action or votes were recorded.
CA

California 2025-2026 Regular Session

Assembly Insurance Committee May 28th, 2025

Transcript Highlights:
  • And so people are coming to the Fair Plan because of price.
  • The other thing is we are lower priced.
  • The second 50%, then we wait until we get a replacement cost estimate.
  • If we can get one, that's pretty clear. ...wait until we get a replacement cost estimate.
  • And so that's when we get into the, we need different estimates.
Summary: The Assembly Insurance Committee held an oversight hearing on the California Fair Plan, focused on the plan’s rapid growth, its financial stability after the January Southern California wildfires, and its role as the insurer of last resort. Fair Plan officials explained that the plan was created in 1968, is a not-for-profit involuntary association of licensed property insurers, and is intended to be a temporary safety net until policyholders can return to the admitted market. They emphasized that the plan is not a state agency or taxpayer-funded, but is regulated by the Department of Insurance and supported by member-company assessments if claims exceed available funds. Victoria Roach and Armand Feliciano said the Fair Plan has grown sharply since 2018 and especially after market pullbacks by major insurers, reaching about 575,000 policies and roughly $600 billion in exposure by spring 2025. They noted that growth is increasingly occurring in lower wildfire-risk areas, where the plan can sometimes be cheaper than the voluntary market, and said this undermines depopulation back into the private market. They also discussed recent policy expansions, including coverage for farms, higher residential and commercial limits, and pending or proposed changes such as AB 290, SB 525, and AB 226, which would add tools like a line of credit and bond access. A major portion of the hearing addressed the January wildfire losses and the plan’s financial response. Fair Plan officials said they assessed member insurers for $1 billion after determining claims and cash flow would exceed available resources, and that the process was approved quickly and paid smoothly, with more than 80% of the assessment collected within 10 days. They also described the reinsurance tower, the plan’s limited surplus, and the need for actuarially sound rates to reduce future reliance on assessments. On claims handling, they said the plan has received over 5,500 claims from the fires, has paid more than $2.9 billion so far, expects total payments near $4 billion, and has focused on advancing payments quickly for total losses and other urgent needs. Members questioned the plan’s solvency, the growth in non-wildfire areas, claim denials, smoke-loss coverage, and how depopulation works. Roach said most closed claims without payment were duplicates rather than denials, and that smoke claims require direct physical loss under the policy, with coverage determined case by case. Public commenters from the California Building Industry Association and the Independent Insurance Agents and Brokers of California said the Fair Plan’s growth reflects a weak voluntary market, inadequate rates, and insurer fear of future assessments, and urged support for rate increases and AB 226. The hearing concluded with no vote, but with a commitment from Fair Plan officials to follow up on unanswered questions and continue providing more transparency through public data and website disclosures.
CA

California 2025-2026 Regular Session

Assembly Health Committee Jan 27th, 2026

Transcript Highlights:
  • For California, we estimate that this choice Over the next decade.
  • We estimate that 25 cents of every health care dollar is wasted—I don't know.
  • In budget year, we estimate up to 233,000 will lose coverage.
  • That is estimated as many as 400,000 of our current members being priced out of coverage.
  • See price gouging as an option for dealing with H.R. 1. Thank you. Good evening.
Summary: The Assembly Health Committee held an informational hearing on the impact of federal H.R. 1 and related state budget actions on California’s health care system. Opening remarks framed the federal changes as a major threat to Medi-Cal, Covered California, hospitals, clinics, and the broader safety net, with warnings that millions could lose coverage and that costs would shift to providers, counties, and consumers. Testimony from the California Health Care Foundation and the Legislative Analyst’s Office focused on implementation challenges, the administrative burden of work requirements and more frequent renewals, the loss of federal funding, and the need for California to consider long-term structural changes to Medi-Cal, county safety-net programs, and cost containment. A Covered California enrollee, Chas Franklin, described sharply rising premiums for his family after losing subsidies, illustrating the personal impact of federal policy changes. Committee members raised concerns about whether premium increases were driven by H.R. 1 or insurer pricing, the cost of rebuilding county-based indigent care systems, and the need to account for the cost of inaction. Dr. Hernandez pointed to pre-ACA models such as Healthy San Francisco as examples of coordinated local safety-net care, while also emphasizing the importance of primary care, data interoperability, and the Office of Health Care Affordability in reducing waste and improving access. Department of Health Care Services officials then outlined the state’s implementation plan for H.R. 1, including work requirements, six-month redeterminations, reduced retroactive coverage, cost-sharing, and immigration-related eligibility changes. They said the department would try to automate eligibility checks, expand outreach, and train counties and partners, but estimated up to 2 million Californians could lose coverage over time. Covered California reported that the expiration of enhanced federal premium tax credits and new federal marketplace rules are already raising costs and reducing enrollment, with an estimated 400,000 enrollees at risk of dropping coverage. County, hospital, and safety-net representatives warned that coverage losses will increase uncompensated care and strain local systems, while one coalition proposed a temporary state-funded coverage option as a bridge if full-scope Medi-Cal cannot be maintained. The hearing concluded with a policy analyst urging stakeholder engagement, immigrant protections, and new state revenue options to preserve coverage and offset federal cuts.
WA

Washington 2025-2026 Regular Session

Senate Housing Jan 21st, 2026

Transcript Highlights:
  • But demand won't really take off until efficiencies of scale drive prices down.
  • Streamlining review helps lower risk and can lower housing prices.
  • The Commission estimates the bill has no fiscal impact. A fiscal note is available.
  • The Commission estimates the bill has no fiscal impact.
  • The Commission estimates the bill has no fiscal impact.
Summary: The committee heard public testimony on several housing-related bills. On SB 6054, Senator Hunt’s bill to prohibit common-interest community rules from blocking wildfire home-hardening materials, staff explained that HOA and condominium governing documents could still impose reasonable aesthetic rules, but not ones that make fire-resistant materials infeasible or more than 10% costlier. The sponsor described the bill as a response to HOA requirements for less fire-resistant roofs. Testifiers generally supported the goal but objected to the 10% cost cap, saying it could limit community-specific design choices and create unintended conflicts with aesthetic standards. The committee also heard SB 601 on scissor stairs in the building code. The sponsor and supporters from Futurewise, architects, and housing advocates said scissor stairs could make mid-rise and high-rise housing more efficient, reduce corridor space, and improve unit layouts without sacrificing life safety. They noted the design is used in places like Vancouver, B.C. and in some Washington venues, and argued the bill would help lower costs and increase housing supply. No opposition was presented during the hearing. For SB 6015 on permit-ready residential plans, staff said L&I would create a process for publishing approved plans for factory-built housing and certain small residential types, with local governments required to approve applications using those plans on qualifying lots starting in 2027. Supporters from builders, architects, Habitat for Humanity, and Sightline said statewide standard plans could reduce duplication, speed permitting, and help scale factory-built and potentially site-built housing. Counties and L&I were supportive in concept but raised concerns about mandating local adoption of model ordinances and about whether the bill should include site-built plans as well. The committee also heard SB 5470 on detached ADUs outside urban growth areas, with supporters saying it would help rural homeowners and intergenerational living, while Futurewise opposed the bill as written and sought tighter density, lot-size, and metering limits. Finally, the committee heard SB 5729, a permit-streamlining bill that would deem completeness for applications prepared by licensed professionals and limit local governments to three review cycles. Builders and business groups supported it as a way to reduce delays and costs, while counties, cities, and Futurewise argued it could lead to more denials, less communication, and unintended liability concerns. In executive session, the committee adopted the proposed substitute for SB 5884 and moved it forward with a do-pass recommendation to Ways and Means.
AL

Alabama 2025 Regular Session

Alabama Senate Finance and Taxation General Fund Committee Feb 12th, 2025

Finance and Taxation General Fund

Transcript Highlights:
  • Senator Price, here. Senator Shut, here. Senator Stewart, here. Senator Weaver, here.
  • When we passed this bill for the prison construction, we set aside and identified through various estimates
  • Now that means that we have $285 million left that we can borrow, but with a price tag of $1.86 billion
  • I can tell you that from the best estimates.
  • Price? Price? Price? Shut? Stewart? Hi, we got a favorable report.
Bills: SB60 , SB103 , SB60 , SB103
WA

Washington 2025-2026 Regular Session

House Transportation Jan 22nd, 2026 at 04:00 pm

Transportation

Transcript Highlights:
  • It's actually tied to the wholesale price of fuel...
  • vary depending on the price of fuel, and there's a floor and a ceiling.
  • It's actually tied to the wholesale price of fuel.
  • vary, depending on the price of fuel, and there's a floor and a ceiling.
  • The cost estimates are for TARP kits for the fleet statewide, as well as the...
Bills: HB2109 , HB2139 , HB2192
WA

Washington 2025-2026 Regular Session

House Transportation Jan 22nd, 2026

Transcript Highlights:
  • It's actually tied to the wholesale price of fuel. to somebody at FHWA?
  • It's actually tied to the wholesale price of fuel.
  • vary depending on the price of fuel, and there's a floor and a ceiling.
  • The cost estimates are for tarp kits for the fleet statewide, as well as the...
  • around, and that they are trying to meet the right price point.
Summary: The committee first received a presentation from NCSL staff on national transportation funding trends and alternative user-fee options as gas tax revenue declines. The presentation covered declining fuel-tax purchasing power, the effects of more fuel-efficient and electric vehicles, and a range of state responses including indexed gas taxes, EV and hybrid registration fees, voluntary and mandatory road usage charges, transportation network company fees, retail delivery fees, and per-kilowatt-hour EV charging fees. Members asked about Virginia’s mileage-fee program, enrollment rates, and whether states had reduced gas taxes alongside new fees; the presenters said they would follow up with additional information. Committee staff then presented a comparison of Washington’s transportation budget with Arizona, Colorado, Nevada, and Utah, focusing on population, lane miles, road condition, fuel taxes, preservation spending, mega-projects, and governance structures. The discussion highlighted Washington’s unique transportation pressures, including ferries, fish-passage obligations, high debt service, and major capital projects. Members asked follow-up questions about debt service, interest costs, CCA impacts on fuel prices, and whether project costs differed by state. The committee held public hearings on three bills. House Bill 2109 would allow vehicles being towed on trailers to use coverings to contain mud, rocks, or debris instead of requiring prior cleaning; the bill’s sponsor and construction witnesses supported it as a practical solution, and the fiscal note showed modest costs to WSP and WSDOT. House Bill 2139 would raise snowmobile registration fees to support snow park and trail grooming; State Parks, DNR, and several snowmobile advocates supported it, while some snowmobile users opposed it, arguing that enforcement of unregistered sleds should be addressed first. House Bill 2192 would expand the Washington Traffic Safety Commission’s fatal crash review authority and allow it to collect certain health data; the sponsor and agency supported the bill as a public-health tool, while one attorney raised concerns about limiting civil discovery and evidentiary access in fatal crash litigation.
TX

Texas 89th Regular

Local Government (Part I) May 5th, 2025

Local Government

Transcript Highlights:
  • So this is less than 1% of their total by my estimate, of what that shift will be.
  • So this is less than 1% of their total by my estimate.
  • The fiscal note on this was so low they said it couldn't be estimated.
  • Just look at the prices of eggs.
  • Just kind of look at the prices of eggs.
Summary: The Senate Committee on Local Government heard several bills, most of them left pending after brief public testimony. House Bill 331, by Rep. Patterson and sponsored by Sen. Hinojosa, would create a presumption that firefighters, police officers, and EMTs who suffer a heart attack or stroke within eight hours after a strenuous shift were injured in the line of duty for workers’ compensation purposes; testimony from a firefighters’ association supported the bill, and it was left pending. Senate Bill 2655, by Sen. Flores, would authorize Burnet County to establish a local provider participation fund to help support local hospital services; a hospital administrator testified in support, and the committee substitute was left pending. Senate Bill 1443, by Sen. Hughes, would extend the Northeast Healthcare Provider Participation District in three counties, and House Bill 3307, by Rep. Noble, would allow property tax arbitrators to complete required continuing education online; both were left pending without opposition. Senate Bill 3048, by Sen. Birdwell, would create the Bluebonnet Hills Municipal Management District in Midlothian and was also left pending. The committee then took up House Bill 9 and HJR 1, sponsored by Sen. Bettencourt, which would raise the business personal property tax exemption from $2,500 to $125,000 and place the constitutional amendment on the November 4, 2025 ballot. Business groups, realtors, and taxpayers’ advocates testified in strong support, saying the change would provide meaningful relief to small businesses and help balance earlier homeowner tax relief. The City of Fort Worth testified in opposition, warning of a revenue shift to homeowners and budget impacts, but the committee adopted the committee substitutes and reported both measures to the full Senate on 6-0 votes. The committee also heard House Bill 1399 and HJR 99, by Sen. Nichols, to exempt animal feed from property tax when it is already sales-tax exempt; no one testified against them, and both were left pending. Senate Bill 2553, by Sen. West, would let owners of historic archaeological sites protest land and structure appraisals separately, and it was left pending after supportive testimony. Senate Bill 2907 and SJR 78, also by Sen. West, would exempt certain perishable inventory, including food and some prescription drugs, from property tax if approved by voters; pharmacists, business groups, a researcher, and a coalition of retailers and food/medicine advocates supported the bill, and it was left pending. Finally, Senate Bill 1331, by Sen. Hancock and explained by Sen. Middleton, would lower the population threshold for certain municipal civil-service-related petition restrictions from 950,000 to 70,000; law enforcement representatives and a San Marcos police association supported it, and it was left pending. The committee then recessed until 15 to 30 minutes after adjournment.
CA

California 2025-2026 Regular Session

Assembly Transportation Committee Mar 2nd, 2026

Transcript Highlights:
  • We took a bottom-up estimate and looked at the entirety of our program.
  • We took a bottom-up estimate and look at the entirety of our program.
  • We do provide our cost estimate.
  • Do you have an estimate on how much money that would save?
  • I just meant there has been estimates laid out in the business plan.
Summary: The Assembly Transportation Committee held an oversight hearing on California High-Speed Rail, focusing on the authority’s supplemental project update report and the newly released 2026 draft business plan. Committee leaders emphasized transparency, the project’s funding challenges, and the need for clear answers on costs, schedule, and scope. The High-Speed Rail Authority said the project has made major progress in the Central Valley, including substantial construction completion, right-of-way acquisition, and railhead development, and highlighted over $14 billion in savings from a rebased project plan, plus an additional $2 billion in savings in the draft business plan. The authority also said it expects to begin laying track by the end of the year and continues to pursue private-sector partnerships and clean-energy opportunities. The Legislative Analyst’s Office and the Inspector General both raised concerns about whether the current funding plan is sufficient and whether the authority has clearly identified the timing of future expenditures versus revenues. The LAO said the project likely still faces a funding gap for Merced-to-Bakersfield once financing costs and the loss of $4 billion in federal funds are considered, and warned that cap-and-invest revenues are volatile and may not be well suited for borrowing without additional safeguards. The Inspector General said the authority still has not provided a precise funding plan, estimated the project is about two years away from lacking funds on hand to stay on schedule, and urged lawmakers to focus on financing costs, procurement timing, schedule risks, and distinguishing true cost cuts from scope changes. Members questioned the authority about proposed statutory changes, including CEQA and permitting streamlining, court resources, third-party process changes, sales tax exemptions on materials, and expanded land-use/value-capture tools. They also pressed the authority on the loss of federal funds, the withdrawal of litigation over those funds, and whether the project’s revised savings depend on moving station locations away from downtown Merced and Bakersfield and on other scope changes such as more single-tracking and blended operations south of Palmdale. The authority said it is still committed to Merced-to-Bakersfield, believes the business plan shows a path to completion with sufficient funding, and will work with the Legislature on any needed changes before the final plan is submitted.
TX

Texas 89th 2nd C.S.

Natural Resources Apr 24th, 2025

Natural Resources

Transcript Highlights:
  • Total estimated statewide cost of water infrastructure needs for water, wastewater, flood infrastructure
  • , estimated state funding required to address those needs.
  • Um, as we've discussed before, you, you know, we have seen tremendous increases in these prices, and
  • So how should the state be or charging the board with tracking this estimate for this project, and we
  • Uh, I mean, you can see price creep in a matter of months.
Bills: SB 7
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Financial Services Jun 22nd, 2026

Joint Committee on Financial Services

Transcript Highlights:
  • can be reasonably estimated at about $175,000.
  • can be reasonably estimated at about 175,000.
  • In commercial construction, the prices are similar.
  • We don't believe that this will move the price of a home, the price of a road, or the price of a school
  • They're estimating about a half a million dollars, I think. Thank you.
Bills: S3091 , H5477
AR
Transcript Highlights:
  • estimates that we have.
  • Those estimates are provided by Moody's Analytics and S&P Global.
  • And then at the core CPI, we're not going to see the energy prices impact.
  • And then at the core CPI, we're not going to see the energy prices impact.
  • And similarly, with these free reduced-price lunch quintiles, And similarly, with these free reduced-price
Summary: The committee first approved the May 18 meeting minutes and then received a Legislative Audit presentation summarizing Arkansas Department of Education grant distributions for fiscal year 2025. Auditors said the department distributed about $4.6 billion in grants overall, including $3.2 billion from the Public School Fund, $1.1 billion in federal funds, and $268 million from other state and miscellaneous sources, across 56 Public School Fund programs, 14 other state programs, and 29 federal programs. Members asked about specific recipients and programs, including ClassWallet, master principal bonuses, Economics Arkansas, and CDC surveillance funding; audit staff and Department of Education representatives explained that the report was only a distribution summary and not a recipient-level audit. Members also questioned why many districts showed lower funding, and staff said the decline was largely due to reduced federal and one-time COVID-related funds. Senators and representatives also discussed whether some incentive programs, such as master principal and national board bonuses, were tied to student outcomes, and whether Economics Arkansas was the sole entity named in special language for financial literacy funding; department staff said they would follow up on several details. The committee then heard a Bureau of Legislative Research presentation on consumer price index projections from Moody’s Analytics and S&P Global, with discussion of CPI-U and core CPI estimates for future fiscal years. Dr. Carlos Silva explained that the forecasts generally trend toward about 2 percent over time and that recent projections may have understated actual inflation because of recent shocks. Members asked about the accuracy of past projections, and he said he would provide more detail later if needed. The bulk of the meeting focused on the final adequacy report on teacher recruitment, retention, and salaries. BLR staff reported that Arkansas had about 32,800 teachers and 473,000 students in 2025, with a statewide student-to-teacher ratio of about 14 to 1, average teaching experience of 11.9 years, and a slight increase in National Board Certified teachers. The report found that districts with higher poverty and minority concentrations generally had less experienced teachers, and that teacher shortages remained widespread, especially in special education, math, science, and foreign language. Members asked about licensure exceptions, alternative preparation pathways, incentives for ESL and special education endorsements, and the cost and return on investment of traditional versus alternative routes. Staff said some licensure exceptions are being phased out under Act 304 of 2025 and that they would follow up on several requested details. The report also found that teacher retention averaged 87 percent statewide in 2025, with districts retaining teachers at higher rates than charters, and that 30 percent of surveyed teachers were considering leaving the profession. Principals and teachers identified school leadership as the strongest positive factor in recruitment and retention, while workload and salary were the strongest negative factors. On salaries, BLR reported a statewide average teacher salary of $60,254 in 2025, with districts averaging $60,458 and charters $55,724. Arkansas ranked 45th nationally on average teacher salary in 2025, though its cost-adjusted ranking improved to 36th; among SREB states it ranked 12th, and among neighboring states it ranked fourth. Members asked about starting salaries, salary compression, district step increases, and whether the report should be shared more broadly with educators and school leaders. Staff said they would provide follow-up information on several questions, and the committee took no formal action beyond receiving the presentations and asking for additional data.
NM

New Mexico 2025 Regular Session

IC - Legislative Finance Jun 26th, 2025

Transcript Highlights:
  • counties are operating many more polling locations than is required by law, and this leads to an estimated
  • Predominantly, this is due to election technology, uh, pricing as well as personnel costs.
  • Currently, while there are limited vendors, LFC staff received no indication that contract pricing was
  • Uh, cost savings or cost estimates.
  • Um, is prohibiting pharmacy benefit managers from using this mechanism called spread pricing.
NH

New Hampshire 2025 Regular Session

House Session (03/06/2025)

New Hampshire House Floor Meeting

Transcript Highlights:
  • committee as it puts forth its best estimates for state revenue and its most honest estimates, trying
  • committee as it puts forth its best estimates for state revenue and its most honest estimates, trying
  • committee as it puts forth its best estimates for state revenue and its most honest estimates, trying
  • committee as it puts forth its best estimates for state revenue and its most honest estimates, trying
  • estim estim from<00:18:29.799><c> before</c><00:18:30.120><c> of</c><00:18:30.679><c> 1.25</c><00:18
Keywords: 1189, house, all
MN

Minnesota 2025-2026 Regular Session

House Taxes Committee 3/4/25

Taxes

Transcript Highlights:
  • also have to look at what prices may go up if we don't have them.
  • If you continue to have fewer and fewer, the prices keep going up.
  • also have to look at what prices may go up if we don't have them.
  • at what prices may go up if we don't have them.
  • </c><00:51:38.920><c> and</c> upward pressure on housing prices and upward pressure on housing prices
Bills: HF1277 , HF812 , HF457 , HF633
Committee: House Taxes
TX

Texas 89th Regular

Insurance Mar 19th, 2025

Insurance

Transcript Highlights:
  • You've asked us to talk about the process by which we produce costs as... estimates that are submitted
  • We would continue to... develop the cost estimates for our plans, for the TRS plans, but I think...
  • We have access to these types of cost estimates for our state employees and teacher retirement. plans
  • Currently, how long does it take for you to do the... estimates that you do?
  • We're running issues around health care transparency pricing.
Bills: HB138 , HB335 , HB388 , HB138
Committee: House Insurance