Transcript Highlights:

• budget, and that column, Senate minus Feb, is sort of the changes that you'll see versus the February forecast
• 15.080> six<00:02:16.080> through<00:02:16.800> 37<00:02:17.360> show forecast
• Um, lines six through 37 show forecast.
• This reflects a forecast adjustment to the RDA that was in the February forecast.
• Um, the Department of February forecast.

Keywords: 1187, senate, all

Transcript Highlights:

• Well, I think for DERF we do have... we do look ahead and forecast our needs.
• Most of the Tier 2 loans that we did award in the previous round forecasted about a term of 50 years,
• about a term of 50 years but forecasted about a term of 50 years but two<00:47:40.559> of<00:
• 47:40.720> them<00:47:40.960> are<00:47:41.160> forecasted<00:47:41.760> to
• c><00:47:41.880> pay<00:47:42.079> within two of them are forecasted to pay within two

Keywords: 912, senate, all

Transcript Highlights:

• So, as a state forecasted program, Metro Mobility costs are paid from the state general fund on a forecast
• state forecasted program, metromobility state forecasted program, metromobility costs<00:25:52.559
• paid from the state general fund<00:25:54.240> on<00:25:54.400> a<00:25:54.559> forecast
• basis<00:25:55.360> and<00:25:55.520> that<00:25:55.679> that fund on a forecast
• basis and that that fund on a forecast basis and that that took<00:25:56.240> effect<00:25:56.880

Keywords: 919, house, all

Summary: The committee heard a Met Council report from Charles Carlson on high-subsidy transit route analysis required by the transportation bill. Carlson explained that the study uses per-passenger operating subsidy, compares routes by type and service day, and is intended to help providers improve cost-effectiveness while recognizing transit’s importance for access, affordability, safety, and the region’s economy. He noted that routes more than 60% above peer averages are considered the highest-subsidy tier, and that the report also estimates the cost of Metro Mobility associated with those routes. Members asked several questions about why contracted service can cost less than directly operated service, whether contracting affects wages, union membership, or service quality, and why the Met Council targets about 20% of regular route service for contracting. Carlson said contracted service can be cheaper because of lower overhead and other market factors, that the council sets minimum wage and service-quality requirements in contracts, and that customers should not notice a quality difference. He also said the 20% target is meant to balance cost-effective service, geography, and a mix of providers, and that some routes may become more cost-effective with more frequent service depending on local demand. Carlson reported that in 2024, 206 of 264 routes met guidelines, 16 were in the lowest intervention tier, 14 in the middle tier, and 28 were in the highest-subsidy tier. He said the regional share of high-subsidy service was about 4.1%, but the share varied widely by provider, with some at 0% and others much higher. He estimated that discontinuing the highest-subsidy routes would save about $23 million annually and up to $72 million in capital costs. For Metro Mobility, he said the cost associated with trips tied to high-subsidy routes rose from about $368,000 in 2023 to about $6.1 million in 2024, largely because the mix of routes triggering federally mandated paratransit service changed, especially in the Shakopee area.

Transcript Highlights:

• Forecasted caseload growth and previously approved rate increases one point eight billion for increased
• This is a reduction for forecasted caseload growth and previously approved rate increases.
• Recommendations fully fund HHSC's forecasted caseload growth. in fiscal years 26 and 27 at the monthly
• So forecasting caseload growth and previously approved rate increases.
• Moving now to item 5, forecast client service programs.

Bills: SB1, SB 1

Keywords: appropriations, budget, state funding, education, healthcare, infrastructure, campground safety, youth camp regulations, flood safety, emergency evacuation, health and safety standards, 1185, senate, all

Transcript Highlights:

• And so the forecast, you know, moves up and down, and it moved up enough to where we did not believe
• So I think fundamentally, yeah, there was just maybe the forecast was off a little bit, and it is difficult
• to forecast these things.
• And so the forecast, you know, moves up and down, and it moved up enough to where we did not believe
• to forecast these things.

Summary: The meeting began with a budget subcommittee hearing on a proposed sustainable aviation fuel (SAF) tax credit trailer bill. Assembly Members Ávila Farías and another member spoke in support, emphasizing union jobs, refinery investments, and the need to decarbonize aviation. The Department of Finance said the Governor’s proposal would provide a $1 to $2 per gallon credit against the diesel excise tax for SAF sold in California from 2026 to 2036. The Legislative Analyst’s Office recommended rejecting the proposal, arguing it is a relatively expensive way to reduce emissions, has uncertain environmental benefits, could significantly reduce transportation revenues, and conflicts with the spirit of voter restrictions on transportation taxes. Committee members questioned whether the credit would mainly benefit out-of-state producers, whether firms would have diesel tax liability to use the credit, and whether the proposal would shift production away from renewable diesel and raise fuel prices. Administration and CARB staff said the credit is intended to support aviation decarbonization, preserve jobs, and help keep California on track toward its 2045 climate goals. LAO and UC Berkeley testimony countered that the policy could mostly subsidize existing technologies, that feedstock supply is limited, and that the net emissions benefit may be small relative to the cost. Members also asked about the effect on local streets and roads, SHOP, and trade corridor funding; Finance estimated a $165 million annual revenue impact would reduce those programs, while LAO said the reductions would mean fewer projects over time. No vote was taken, and the chair said the issue would remain open for further discussion. The committee then moved to a zero-emission vehicle incentive trailer bill proposing a one-time $200 million appropriation to CARB for a new point-of-sale incentive program focused on first-time buyers and leases of new and used light-duty ZEVs. Supporters said the program would help offset the loss of the federal EV tax credit, maintain momentum in California’s ZEV transition, and use a one-to-one match with participating automakers to double the state’s investment. LAO recommended rejection, saying the proposal does not meet the high budget bar this year, lacks enough program detail to evaluate, is unlikely to move sales significantly given the size of the appropriation, and could duplicate existing state and utility programs. Members asked about current incentives across light-, medium-, and heavy-duty sectors, the recent decline in ZEV sales, and whether the program would help lower-income buyers rather than subsidize purchases that would have happened anyway. CARB said the proposal is meant to fill a gap in the light-duty market, where sales fell sharply after the federal credit expired, and noted existing programs for other vehicle classes. The Department of Finance also addressed a separate question about the Motor Vehicle Account, saying a previously planned GGRF transfer was no longer needed because updated forecasts showed the fund had sufficient balances, though LAO said the account still has a structural long-term imbalance. The discussion ended before any vote or action on the ZEV proposal.

Transcript Highlights:

• be very relevant when we're trying to look at doing massive computation for things like energy forecasting
• be very relevant when we're trying to look at doing massive computation for things like energy forecasting
• relevant with this is when we're trying to look at doing massive computation for things like energy forecasting
• 36:29.440> things<00:36:29.680> like<00:36:29.920> energy<00:36:30.400> forecasting
• uh for things like energy forecasting uh for things like energy forecasting uh<00:36:32.079>

Keywords: Meeting Start 00:00 Attendance Roll Call 01:58 Approval of Minutes 03:05 Member Comments 03:18 Nanotechnologies in Energy 06:20, 958, all

Summary: The committee met and approved the minutes, then heard announcements and introductions from members and guests, including an invitation to an East Kentucky trail ride opening and welcomes for new EPIC and Kentucky Coal Association representatives and several constituents. After the opening business, the committee turned to a presentation on nanotechnology and energy applications by Rodney Andrews of the University of Kentucky Center for Applied Energy Research. Andrews explained how nanoscale materials behave differently because of their size and surface area, and described uses in consumer products, batteries, solar panels, catalysts, coatings, sensors, and energy storage. Members asked about the relationship between nanomaterials and coal, and Andrews said carbon nanotubes can be made from coal-derived hydrocarbons, which members noted as an opportunity for Kentucky’s coal and manufacturing sectors. He also discussed work on improved solar coatings, more stable perovskites, fuel-processing catalysts, hydrogen storage, renewable diesel and sustainable aviation fuel, electromagnetic shielding, and conductive yarns and fabrics. The presentation also covered more advanced applications such as thermoelectric textiles, power transmission materials, thermal transport composites for aerospace, nanofluids for cooling, and fusion reactor shielding. In the final discussion, members raised questions about electromagnetic pulse protection and quantum computing; Andrews said the materials discussed could absorb and spread energy and that shielding applications may help with EMPs, while quantum computing remains limited by extremely low operating temperatures. No formal votes were taken beyond approval of the minutes.

Transcript Highlights:

• Here's your forecasts, and as predicted, you know, that the cost of production...
• Here's your forecasts, and as predicted, you know, that everything's flat and steady, but at some point
• the prior presentations about the outlook for oil production, the outlook for the We do our own forecasting
• model also that we've been working to ensure that our liquidity measurements, to ensure that our forecast
• ... ...to ensure that our liquidity measurements, to ensure that our forecasted liquidity position of

Keywords: 908, all

Summary: The committee received a compliance and status update on Industrial Commission programs and the Bank of North Dakota. Staff reviewed appropriations and spending for several Industrial Commission funds and grant programs, including lignite research, oil and gas research, clean sustainable energy, grid resiliency, salt cavern analysis, and the new NDSU research and technology park grant. Members discussed the timing of reimbursements, uncommitted balances, and the structure of the pipeline capacity and enhanced oil recovery funding. The Industrial Commission also reported on its administrative budget, grant management system project, and recent leadership transitions across several agencies. Karen Tyler of the Industrial Commission described active grant rounds and the status of major projects. She said the Clean Sustainable Energy Authority approved three projects in its sixth round, with remaining uncommitted cash and loan capacity still available, though no new funding was appropriated this session. She also said the Oil and Gas Research Council approved six enhanced oil recovery projects and expects additional funding after a federal Department of Energy award replaces one project’s state funding. For grid resiliency grants, she said some projects have been funded, some commitments were returned or reallocated, and some DOE funds remain pending. She also updated the committee on the salt cavern business case study, which replaced an earlier larger development proposal, and on the NDSU research park grant, where the nonmatching portion was paid and the matching portion has moved slowly because the match must be in cash. Ron Ness then gave an extended presentation on enhanced oil recovery and North Dakota oil and gas trends. He said production remains steady, but future growth depends on infrastructure, especially gas takeaway and projects like the Bakken East pipeline. He argued that enhanced oil recovery using CO2, natural gas, surfactants, and other methods could extend Bakken production for decades, but that the state needs more CO2 supply, better storage, and updated tax and regulatory incentives. Members asked about lateral lengths, CO2 availability, pipeline impacts, and the role of the Strategic Petroleum Reserve, and Ness emphasized that the projects are intended to share technical learning across operators and attract follow-on investment. The Bank of North Dakota then presented its compliance report and strategic update. President Don Morgan said the bank’s mission remains to support North Dakota agriculture, commerce, and industry while cooperating with the state’s financial sector. He reviewed the bank’s main business lines: participation lending with community institutions, student loans, disaster lending, mission-based programs, and a new fintech-focused effort. Morgan said deposits are flattening, so the bank is managing balance sheet growth carefully, while still reporting improved net income and strong efficiency. He also introduced Rough Rider Coin as a bank-to-bank payment rail, not a public cryptocurrency, intended to speed and modernize payments within North Dakota’s banking and credit union system. Committee members asked about student loan eligibility, disaster program use, and how credit lines and liquidity would be affected if deposits shrink.

Transcript Highlights:

• on that, the Energy Commission has baked in about 5 gigawatts into the planning for the 15-year forecast
• So given that it's looking at a 15-year long term, and the forecasting and the planning happens every
• What are the forecasts?
• On what is the supply-demand balance in California, what are the forecast looking like, what are the
• So we are able to adequately bake that risk into the forecast.

Keywords: 987, senate, all

Summary: The committee first handled several governor’s appointments not required to appear, approving Anthony Surich to lead the California Housing Finance Agency, Craig Snelling to the Workers’ Compensation Appeals Board, Nicholas Mueller to the Off-Highway Motor Vehicle Recreation Commission, and the referral of bills to committees, each by 4-0 votes. It then heard testimony on the appointment of Jereen DiDamo to the State Water Resources Control Board. DiDamo highlighted priorities including water-use efficiency, SGMA implementation, groundwater recharge, ecosystem restoration, and expanding safe drinking water access, noting the number of Californians without safe drinking water had fallen from 1.6 million to 800,000 since 2019. Senators focused heavily on the safe drinking water program, consolidation of failing systems, funding, domestic wells, SGMA, and the Bay-Delta plan. Supporters praised her practical, collaborative approach and work on drinking water; opponents from environmental and tribal groups argued the board had favored agricultural and urban interests and had not acted quickly enough to protect the Delta and fisheries. The committee ultimately voted 4-0 to advance the appointment to the full Senate. After a brief recess, the committee took up the appointment of Siva Gunda to the California Energy Commission. Gunda said California is managing three major transitions at once—decarbonizing the grid, electrifying transportation and buildings, and winding down petroleum and natural gas—and emphasized planning, transparency, and coordination across agencies and the West. Senators questioned him about Kern Energy and the impact of refinery compliance burdens, the state’s transportation fuels plan, Diablo Canyon, fuel imports, and affordability. Gunda said the Energy Commission has supported exemptions or potential exemptions for small refineries, that current planning assumes Diablo Canyon retires in 2030 without creating reliability problems if new resources continue to come online, and that most new capacity has been storage and solar. He also said California still imports a significant share of crude and refined products, with costs affected by global markets and shipping. The committee approved his appointment 4-0 to move to the full Senate.

Transcript Highlights:

• These proposed charter school financial forecast plans Whatever you want to call them, they are actually
• which requires school districts to practice strategic resource management using a three-year budget forecast
• But because Ohio requires schools to actively use their forecast to take proactive measures, many of
• their staffing models, they're already adjusting their programming, and they're also using their forecast
• like there's definite will amongst the members that spoke to start looking into a three-year budget forecast

Keywords: 996, all

Transcript Highlights:

• The caseload and expenditures for the KidCare Program were forecast through the formal consensus process
• Based on the December conference final forecast, total expenditures for the program are estimated to

Summary: The Legislative Budget Commission met with a quorum present and considered 12 budget amendments, most of which were adopted without opposition. The first amendment transferred $8.2 million in Department of Corrections general revenue authority from salary incentives to contracted services to support the phased demobilization of Florida National Guard troops assisting with correctional staffing. Senator Pizzo questioned the length of the Guard’s deployment and urged a long-term staffing solution, while the department said the Guard presence was being reduced and that about 2,200 employees were in training. The Department of State received an additional $618,391 in federal grant authority for library grants and private cloud costs, and the Department of Transportation’s two amendments were zero-sum work program changes: one realigned funds to production-ready projects and another added three projects over $3 million each to the current-year work program. The commission then approved several Agency for Health Care Administration amendments tied to Medicaid supplemental payment programs. These included funding for the Florida Cancer Hospital Program, indirect medical education payments, disproportionate share hospital payments for the state mental hospitals, the Low-Income Pool program, physician supplemental and public hospital payments, Florida KidCare, and Medicaid services realignment. Members asked about possible federal disallowances in the LIP and physician/public hospital programs, and agency staff said some disallowances were likely but the amount was not yet known. For KidCare and Medicaid, staff explained the changes were based on the December estimating conference, enrollment shifts, and updated actuarial assumptions, including changes to managed care regions and program design. The final amendment restored budget authority for a hospital direct payment program after a prior payment, including a $24.3 million CMS-related amount and $3.2 million in administrative fees, was not processed before fiscal year-end and reverted. Senator Pizzo pressed the agency on how the payment was missed and whether any penalty applied; staff said the invoice was not received and processed in time and that communication issues contributed. After brief debate on each item, the commission adopted all amendments, with one recorded nay on the final item, and then adjourned.

Transcript Highlights:

• That is, is there any forecasting that's being done to see what possibly tens to hundreds of thousands
• I have seen forecasts that I don't trust a whole lot.
• Uh, the question is what will the impact be and when, and I haven't seen any forecast that can speak
• that I don't seen forecasts that I don't trust<00:18:35.120> a<00:18:35.280> whole<00:
• and then you guys get a uh a forecast and then you guys get a uh a wonderful<01:41:02.239> target

Bills: HF3004, HF3663

Keywords: workforce development, youth employment, internships, mentoring, job opportunities, digital platform, online portal, career pathways, youth workforce, employment and economic development, DEED, general fund appropriation, nonprofit grant, social media outreach, digital outreach, workforce opportunities, teen jobs, young adults, career exploration, Minnesota youth

Transcript Highlights:

• By compelling local governing bodies to present these flawed forecasts, HB 138 directs municipalities
• I need to be able to accurately forecast the cost.
• need to be able to accurately forecast need to be able to accurately forecast the<00:31:27.279><
• We have a responsibility to provide voters with accurate fiscal forecasts and all pertinent available
• We have a responsibility to provide voters with accurate fiscal forecasts and all pertinent available

Keywords: 1191, senate, all

Transcript Highlights:

• We know that when putting together your budget this year, you will be challenged with the state's forecast
• 00:10:02.839> with<00:10:03.000> the<00:10:03.160> state's<00:10:03.560> forecast
• be challenged with the state's forecast be challenged with the state's forecast and<00:10:04.399
• we sat back down at the table forecast we sat back down at the table and<00:39:34.839> said<00
• forecast forecast is<00:42:14.280> quite<00:42:14.560> astounding<00:42:15.359> and

Keywords: 1187, senate, all

Transcript Highlights:

• Yeah, so you are forecasting this out more than just a five-minute response.
• you're telling me that coal and natural gas are driving most of your economic decisions in your forecast
• > they<01:24:20.239> want<01:24:20.440> them<01:24:20.560> to them a forecast
• this out more than you are forecasting this out more than just<01:24:30.800> a<01:24:30.960><
• for the day decisions in your forecast for the day it<01:26:02.040> it<01:26:02.280> tends

Bills: HF75

Keywords: HF75, earned incentive release credit, earned incentive credits, revocation, revocable credits, corrections, Minnesota Department of Corrections, prison discipline, incarcerated persons, inmate misconduct, facility rules, sentence reduction, supervised release, Minnesota Rehabilitation and Reinvestment Act, public safety, rehabilitation, prison credits, executed sentence, 1183, house

Transcript Highlights:

• /c> Madam Chair, I'll just make a note for you and the committee that Article V of the DE is the forecast
• The typical forecast article. Yes, the typical one.
• is a property tax tracking sheet prepared and provided, but the changes are zero relative to the forecast
• <00:19:29.039> and to the committee with each forecast and to the committee with each forecast
• And finally there are two forecast.

Keywords: 1187, senate, all

Transcript Highlights:

• And we're not really forecasting any kind of, you know, crazy change here, but we are watching it.
• And we're not really forecasting any kind of, you know, crazy change here, but we are watching it.
• And we're not really forecasting any kind of, you know, crazy change here, but we are watching it.
• And we're not really forecasting any kind of, you know, crazy change here, but we are watching it.
• And then last one, sort of our official forecast, you know, the market has challenges.

Keywords: 1183, house

Transcript Highlights:

• Again, the FDA forecast that as the rate of fatal fentanyl deaths decrease, the next wave of overdose
• Again, the FDA forecast that as the rate of fatal fentanyl deaths decrease, the next wave of overdose
• Again, the FDA forecast that as the rate of fatal fentanyl deaths decrease, the next wave of overdose
• Again, the FDA forecast that as the rate of fatal fentanyl deaths decrease, the next wave of overdose
• Again, the FDA forecast that as the rate of fatal fentanyl deaths decrease, the next wave of overdose

Bills: SF0071, SF0088, SF0056

Keywords: homeland security, search and rescue, grants, emergency response, Wyoming, sex offender, child care facility, residency restrictions, public safety, criminal law, sex offenders, child care facilities, legislation, kratom, regulation, healthcare, age restrictions, manufacturing standards, 916, all

Transcript Highlights:

• that takes place, and it is a very good forecast.
• I'm very happy to say that last year we were within $76,000 of being right on the nose with the forecast
• amount which equals the forecast amount which equals the appropriation<00:20:47.840> amount<00
• So, we will have<00:21:00.240> that<00:21:00.720> forecast<00:21:01.200> number<
• number for you um and have that forecast number for you um and and<00:21:03.280> include<00:21

Keywords: The livestream event for this meeting failed before the meeting was finished. This copy was pulled from backups and is reposted in it's entirety., 958, all

Summary: The committee met to review KHEAA’s student aid programs ahead of the upcoming biennial budget. KHEAA officials outlined the agency’s role administering state grants and scholarships, emphasizing that net lottery proceeds are statutorily dedicated to student financial aid after a literacy appropriation. They focused on the College Access Program (CAP), Kentucky Tuition Grant (KTG), and KEES, and explained that the FAFSA simplification changes significantly expanded eligibility for Pell and CAP recipients. KHEAA said the General Assembly’s additional funding this biennium allowed CAP to be fully funded, and that FY25 spending for CAP reached about $232 million for roughly 72,000 students, up from about 55,000 recipients the prior year. Officials said they are watching current-year application trends closely and expect a clearer funding picture by late fall as awards are actually disbursed and enrollment data comes in. Members asked about how CAP eligibility works, the difference between applicants and recipients, and whether KTG is tied to Pell eligibility. KHEAA explained that CAP is essentially aligned with Pell eligibility, while KTG uses a different need formula and is limited to private colleges in Kentucky. They also noted that schools verify final eligibility after KHEAA’s initial review of application data. Questions about the FAFSA simplification act and federal changes led KHEAA to say they do not expect major effects on state grant and scholarship programs, though federal student loan changes may affect students, especially at the graduate level. The committee also discussed KEES, which KHEAA said has been fully funded since its creation, and dual credit/work-ready scholarships. KHEAA reported that dual credit participation continues to grow and that FY25 spending for dual credit and Work Ready Kentucky totaled about $26.4 million, compared with a $13.1 million appropriation, with transfers from Work Ready used to keep dual credit fully funded. Officials said they will seek growth funding for dual credit in the next budget because the program has expanded and now includes the work-ready component under one statute. Members asked about transferability of dual credit courses and whether students actually use the credits toward degrees; KHEAA said it does not have hard data on every credit’s transfer, but it is seeing positive trends in bachelor’s completion and more high school graduates earning associate degrees. No votes or formal actions were taken beyond approving the July 15, 2025 meeting minutes.

Transcript Highlights:

• Is the cost of that rule actually reflected in the forecast or not? If Mr.
• Is the cost of that rule actually reflected in the forecast or not?
• The forecast is a point in time that looks at current law, projected forward and utilizing adjustments
• So the changes here are not in the forecast, but we would be expected to carry them forward.
• changes here are not in the the forecast changes here are not in the the forecast but<00:55:52.839

Bills: HF2367, HF2319, HF2523, HF1742, HF671, HF2331, HF2722, HF2406, HF1674

Keywords: HF2367, Community First Services and Supports, CFSS, personal care assistance, PCA, consumer-directed community supports, CDCS, home and community-based services, HCBS, direct support professionals, direct care workers, caregivers, support workers, SEIU Healthcare Minnesota & Iowa, collective bargaining agreement, retention stipend, health care cost stipend, training stipend, orientation program, retirement trust

Transcript Highlights:

• , if we're able to offset that through the reserve, so it's basically, Senator Marty, it's not a forecast
• 01:25:56.120> a basically, Senator Marty, it's not a basically, Senator Marty, it's not a forecast
• I'm not doing that at forecast grab. I'm not doing that at all,<01:25:59.640> Mr.
• <01:27:27.400> time,<01:27:27.720> but the next forecast time, but the next forecast
• So, the statute contemplates that the forecasting process didn't pick up a slip in revenues.

Keywords: 1187, senate, all