Video & Transcript : 'regulatory efficiency' :

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TX

Texas 89th Regular

89th Legislative Session Feb 4th, 2025

Texas House Floor Meeting

Transcript Highlights:
  • executive powers of the governor, banning COVID vaccine mandates for students, and training in the regulatory
Keywords: 1184, house, all
FL

Florida 2026 Regular Session

Environment and Natural Resources Jan 14th, 2025

Environment and Natural Resources

Transcript Highlights:
  • That, in general, is the regulatory and restoration framework in the state for addressing water quality
Summary: The Committee on Environment and Natural Resources convened with a quorum present, heard opening remarks from Chair Rodriguez and member introductions, and discussed broad priorities including water quality, climate change, budget oversight, and accountability for environmental investments. Members emphasized concerns about nutrient pollution, springs, Lake Okeechobee, the Everglades, and the need for better data and measurable results. The committee then received a presentation from DEP Deputy Secretary Adam Blaylock on the state’s water quality restoration framework. He explained how water quality standards, total maximum daily loads (TMDLs), Basin Management Action Plans (BMAPs), and reasonable assurance plans work together to address impaired waters, and noted that BMAPs are updated every five years with annual reviews in between. He also described recent statutory changes requiring five-year milestones, restrictions on new septic systems in certain areas, and public-facing data tools to track projects and water quality trends. Members questioned whether BMAPs are producing enough improvement and whether the five-year update cycle is too slow. Blaylock said results can take years because of project lag and environmental variability, but that the department can adjust plans if data show they are not working. He also highlighted $2.9 billion in statewide water quality funding since 2019, nearly 1,100 funded projects, and a $1.1 billion water quality improvement grant program that now covers impaired waters beyond BMAP areas. The committee discussed agricultural projects, DEP and FDACS funding roles, and a new dashboard and centralized monitoring platform under development. No formal votes or other actions were taken, and the meeting ended with adjournment moved by the vice chair.
MN

Minnesota 2025-2026 Regular Session

Legislation proposes centralized certified payroll reporting portal 4/9/26

Minnesota House Floor Meeting

Transcript Highlights:
  • I'm here today to present House File 4543, a bill focused on bringing greater efficiency, accountability
  • </c><00:02:35.360><c> It</c><00:02:35.599><c> also</c> efficient for everyone involved.
  • It also efficient for everyone involved. It also strengthens<00:02:36.400><c> oversight.
  • </c> efficiencies if they choose to. efficiencies if they choose to.
  • </c><00:16:06.639><c> to</c> can do things uh more efficiently to can do things uh more efficiently to
Keywords: 1183, house
ND
Transcript Highlights:
  • How can this be more efficient?
  • How can this be more efficient?
  • IT efficiency standpoint, right? So there's lessons learned.
  • Their efficiency head and the governor's efficiency head are pretty much the same person.
  • and help others be more efficient as well.
Keywords: 908, all
Summary: The Leadership Division of the Budget Section approved the prior meeting minutes and then received an update from Senator Jonathan Sickler on the Cash Management Board’s interim work under House Bill 1278. He said the board has reviewed state cash, investments, and liquidity across agencies and concluded the state’s overall mix of long-term and short-term assets is appropriate, with about $35 billion in total liquid assets and investments and roughly 89% in longer-term investments. He highlighted process improvements already underway, including replacing more than 500 six-month CDs with a special-rate savings account to reduce administrative work, and said the board sees opportunities to improve forecasting, automation, and statewide coordination. Members asked about whether the CD change would increase returns, how the Legacy Fund transfer for the homestead tax relief bill affected earnings, and whether more state cash could be consolidated or better managed through BND; Sickler and BND staff said those issues are being studied and may lead to legislation for the 2027 session. Representative Nathan Toman then updated the committee on the Task Force on Government Efficiency. He said the group has focused less on cutting dollars and more on defining metrics and asking how the legislature knows whether programs are working. The task force is pushing a standard set of questions for new or expanding programs—who is affected, expected outcomes, alternatives, how success will be measured, and full funding—and OMB has agreed to require those answers in future budget requests. Members discussed possible use of dashboards, program evaluators, AI tools, and possible rule or statutory changes to require performance measurement. Toman said the task force will continue meeting with agencies such as the courts, university system, auditor, HHS, Commerce, and ITD to identify workflow bottlenecks and potential efficiencies. Phil Davis of Job Service North Dakota gave a workforce update, reporting that North Dakota’s unemployment rate is 2.5% and labor force participation is about 68.7%, both well above national performance. He described Job Service’s 15 workforce programs, including H-2A housing inspections for foreign agricultural workers, the job placement partnership program with DOCR, WOTC, and other federal and state workforce efforts. Davis said the agency served more than 11,000 individuals in 2025, operates nine workforce centers, and tracks outcomes through quarterly and annual reporting. In response to questions, he said job openings data reflect only positions in the system and may understate actual hiring needs, that child care and other assistance programs could be better tied to employment outcomes, and that the DOCR partnership has shown strong results with lower recidivism and higher earnings. He also said the H-2A inspection workload is growing quickly and additional staffing or less frequent federal inspection requirements could help. Allen Knutson then presented S&P Global’s updated revenue forecast. He said oil prices have risen sharply since the prior month’s outlook, improving the state’s near-term revenue picture, though the economy remains volatile and agriculture is facing weaker commodity prices. Based on the updated forecast, total major tax revenues for the current biennium are projected to be about $89 million above the legislative forecast, and the next biennium could be about $500 million higher, though that estimate is preliminary and may change. He also walked through an alternate oil-price scenario showing significantly higher oil and gas collections and a larger Strategic Investment Fund balance if prices remain elevated. Members asked whether another forecast should be requested once oil markets stabilize and about tribal allocation changes in the alternative scenario; Knutson said additional updates are possible through OMB and future forecast cycles.
AR

Arkansas 2026 Regular Session

ALC-HOSPITAL, MEDICAID, & DEVELOPMENTAL DISABILITIES STUDY SUBCOMMITTEE Jun 18th, 2026

ALC-HOSPITAL, MEDICAID, & DEVELOPMENTAL DISABILITIES STUDY SUBCOMMITTEE

Transcript Highlights:
  • And so there's really opportunities here to squeeze out more efficiencies.
  • organizational culture and more efficient service delivery.
  • I know there were a lot of questions about costs and what cost efficiencies.
  • I know there were a lot of questions about costs and what cost efficiencies.
  • And so again, the idea is how do we create an efficient oversight structure, an efficient delivery structure
Summary: The committee met to hear consultants Mason Bishop and Cameron Christie discuss Arkansas’s “one door/no wrong door” workforce and social services modernization effort. Bishop argued that the current system is fragmented across multiple agencies, offices, and portals, making it hard for job seekers and employers to access services efficiently. He said the goal is to create a more integrated system that promotes upward mobility, longer labor force attachment, better employer access to talent, greater efficiency, and faster adaptation to changes such as AI and other economic disruptions. Bishop repeatedly pointed to Utah as a model, describing how that state combined workforce and public assistance functions into a single agency, used statewide cost allocation to blend funding streams, and improved customer service and outcomes after reform. He said Arkansas should consider integrating governance, service delivery, and financing, including possible waivers, a statewide cost allocation plan, and a benefits-cliff pilot. He also said Arkansas’s current local workforce board structure creates duplication and weak coordination, and that Launch is a useful tool but not a full service-delivery system. Committee members asked how the proposal would work in practice, including whether TANF could be used to cross-train DHS workers, how federal waivers might be obtained, how local boards would be affected, and how disabled clients would be handled. Bishop said TANF should be treated as part of a workforce strategy, that federal pilot authority for workforce reform nearly passed but did not, and that waivers are now the practical path. He also said Arkansas could either merge functions more fully or at minimum co-locate workforce staff in DHS offices statewide. No votes were taken; the meeting ended with plans to continue the discussion in August, including a focus on case management and whether the state is managing programs or people.
OK
Transcript Highlights:
  • It will allow us to be much more efficient, much more effective.
  • Savings and efficiencies, everything I've mentioned to you.
  • What we've done is we've taken efficiencies in divisions.
  • We've been very efficient with our audit dollars.
  • Thinking about what our savings and efficiencies have been over the last year.
Keywords: 914, all
AR

Arkansas 2026 1st Special Session

ALC-HOSPITAL, MEDICAID, & DEVELOPMENTAL DISABILITIES STUDY SUBCOMMITTEE Jun 18th, 2026

ALC-HOSPITAL, MEDICAID, & DEVELOPMENTAL DISABILITIES STUDY SUBCOMMITTEE

Transcript Highlights:
  • Fourth, creating efficiencies that promote effective government services outcomes and impact.
  • And so there's really opportunities here to squeeze out more efficiencies.
  • organizational culture and more efficient service delivery.
  • I know there were a lot of questions about costs and what cost efficiencies.
  • And so, again, the idea is how do we create an efficient oversight structure, an efficient delivery structure
Summary: The committee met to hear an update from consultants Mason Bishop and Cameron Christie on Arkansas’s “one door” or “no wrong door” workforce and social services modernization effort. The discussion focused on moving the state toward a work-first system that better connects job seekers, employers, education, and public assistance programs, with goals of increasing upward mobility, improving labor force attachment, reducing inefficiencies, and adapting to changes such as AI and other economic disruptions. The consultants argued that Arkansas’s current system is fragmented across multiple offices, portals, agencies, and funding streams, and that people often have to navigate separate doors for workforce services, TANF, SNAP, Medicaid, and related supports. Bishop repeatedly pointed to Utah as the model, describing how that state integrated workforce and human services into a single department, used cost allocation to blend funding behind the scenes, and saw improved customer service and outcomes after reform. He said TANF should be treated as a workforce program, not just a benefits program, and suggested that Arkansas could use TANF and other tools to cross-train DHS staff, co-locate services, and create a more unified service delivery model. Members asked about federal flexibility, waivers, and whether the state could use one large waiver or a broader restructuring to simplify the system. Bishop explained that a federal pilot authority proposal failed in Congress, so the current approach relies on waivers, cost allocation plans, and possible state-level changes. The committee also discussed the relationship between DHS and workforce offices, the role of local workforce boards, how disability and vocational rehabilitation cases would be handled, and how the governor’s Restore Hope/Hope Hub and faith- and community-based initiatives might fit into the broader plan. Bishop said Arkansas already has rehabilitation services within the workforce department and emphasized that case managers should focus on people rather than programs. No votes were taken. The chair said the committee would revisit case management at its August meeting and adjourned the meeting after thanking the consultants.
TX
Transcript Highlights:
  • Trump and Musk talk about efficiency, but there is nothing efficient about making our public schools
  • We are not against efficiency in government.
  • We are not against efficiency in government.
  • We are not against efficiency in government.
  • We are not against efficiency in government.
Summary: This was a press conference organized by student advocates and Texas Democratic lawmakers to oppose efforts by the Trump administration and allies to dismantle the U.S. Department of Education and to criticize Texas voucher proposals. Speakers argued that the department and its Office for Civil Rights are essential for enforcing civil rights protections, supporting special education, Title I, Pell Grants, career and technical education, and other federal education programs. They said eliminating the department would weaken oversight, shift power to states that have a poor record on student protections, and harm marginalized, low-income, disabled, and rural students. Congressman Greg Casar framed the issue as a transfer of public money from schools to billionaires, tying the department fight to federal budget and tax-cut debates and to Texas voucher efforts. State Representative Gene Wu said Texas public education is already near collapse and warned that losing federal support would worsen school closures, staffing shortages, and class-size increases. Representative Gina Hinojosa highlighted Texas’s past special education cap and attacks on Section 504, and said she filed bills to route federal block grants directly to schools if federal policy changes move forward. Representative Vicki Goodwin said the state should fund schools rather than vouchers and noted underfunding of special education and inflation pressures. Round Rock ISD trustee Melissa Ross and Texas AFT president Zef Capo emphasized that federal oversight protects students and that Texas has a history of underfunding and mishandling special education, meals, and other services. The final speaker, Westwood High School senior Eliza Abert, said the loss of federal education support would most harm low-income and middle-class students and called on attendees to oppose the changes. No votes were taken; the event ended with a call for public pressure on lawmakers and continued advocacy.
MN

Minnesota 2025-2026 Regular Session

Energy Committee Meeting - 2026-04-09

Energy Finance and Policy

Transcript Highlights:
  • ><c> engineer</c><00:26:53.120><c> at</c> He's an energy efficiency engineer at He's an energy efficiency
  • And then the last efficiency measures.
  • </c> electrification or efficiency measure. electrification or efficiency measure.
  • air heat pumps, pumps, higher efficiency air heat pumps, high<00:31:21.360><c> efficiency</c><00:31:
  • </c> efficient than than gas or electricity. efficient than than gas or electricity.
Bills: HF4770
Summary: The committee approved the March 26 minutes and then took up House File 4770, as amended by an A1 technical amendment. The bill was presented as a proposal to help Liberty Diversified International and Liberty Paper in Becker plan for replacement steam and energy supply as the Shuro facility closure approaches in 2030. Testimony described Liberty Paper’s current closed-loop steam arrangement with Shuro, the need to study future fuel and technology options, and the potential use of anaerobic digestion, biomass, construction and demolition waste, and food waste to produce steam and possibly power. Members asked about feedstock availability, the need for a feasibility study, possible backup natural gas use, and whether waste heat or wastewater heat could be useful. The bill was laid over as amended. The committee then heard a presentation from CenterPoint Energy on Minnesota heating demand and electrification. CenterPoint staff said affordability and reliability are central concerns and outlined how the utility manages customer costs through energy efficiency, contracting, storage, peak shaving, and conservation. Dr. Joel Lynch presented research on peak heating with natural gas and the “missing piece” in Minnesota’s electrification puzzle, explaining that Minnesota’s cold climate makes winter heating demand especially challenging and that replacing natural gas would require substantial new electric capacity and renewable resources. He compared his work with prior national and state studies and said the analysis used Minnesota-specific gas throughput, COP assumptions across several electrification scenarios, and January renewable capacity data. Lynch summarized preliminary findings that Minnesota’s peak gas heating throughput could be up to 40 gigawatts, with electric resistance heating implying roughly 36 gigawatts of new demand, and lower but still substantial demand under heat-pump scenarios. The presentation was informational only; no vote was taken on the CenterPoint presentation. The meeting ended with House File 4770 laid over and the energy demand presentation continuing.
NH

New Hampshire 2026 Regular Session

House Committee on Housing (01/22/2026)

Housing

Transcript Highlights:
  • development pressure on neighboring communities, which, you know, I think kind of creates this regulatory
  • the expense of the taxpayers, we're going to allow a few extra housing units, but long-term, less efficient
  • Local authorities are best equipped to provide regulatory oversight of development that increases the
  • Lo authorities are best equipped to Lo authorities are best equipped to provide<04:17:42.880><c> regulatory
  • </c><04:17:43.760><c> oversight</c><04:17:44.479><c> of</c> provide regulatory oversight of provide regulatory
Keywords: 1189, house, all
ND
Transcript Highlights:
  • How does that look from a government efficiency standpoint?
  • And so we're trying to adjust to being more efficient and more effective.
  • We are very serious about being as efficient as we can.
  • We need to start with some kind of movement towards more efficiencies.
  • If we all keep... ...and address efficiencies in public notices.
Summary: The task force reviewed survey results from state agencies on potential statutory revisions, with Levi reporting 70 proposals from 20 agencies and noting that about 33 might become agency pre-file bills. Members discussed the need to share the survey more broadly within higher education and to better coordinate issues involving IT and other cross-agency functions. The task force then heard from the Office of Management and Budget on three topics: concessions, architect/engineering pre-qualification, and legal notices. OMB said the concessions law is outdated and inconsistent with current practice, and suggested a collaborative rewrite to allow best-value evaluation, raise the threshold, and standardize solicitation templates. On architect/engineering pre-qualification, OMB proposed expanding authority beyond current state-agency limits and creating uniform templates. On legal notices, OMB proposed modernizing publication requirements, exploring online and abbreviated notices, and working with newspapers and other stakeholders on technology and accessibility improvements. Members asked about where concession revenues go, whether political subdivisions must follow the same rules, and how to move from discussion to action. The task force agreed to have OMB work with Legislative Council and affected stakeholders to develop bill drafts, and the motion passed unanimously. The University of North Dakota then presented a series of proposed revisions focused on public buildings and procurement. UND asked to rework the definition of construction so routine maintenance and one-for-one replacements over $250,000 would not automatically trigger public-improvement requirements, suggested raising the threshold to $500,000, and asked for more flexibility based on project complexity and risk. UND also proposed changes to public bid advertisements to reflect electronic bidding, revisions to construction manager-at-risk selection criteria, changes to architect/engineer procurement rules, an increase in the direct-hire design threshold, and a higher legislative-consent threshold for privately funded projects. The task force supported having UND work with counsel and OMB to develop bill drafts, and that motion also passed. The Department of Public Instruction concluded with proposed cleanup to credentialing and education statutes. DPI recommended reviewing its credential categories for relevance, possibly transferring credentialing authority to the Education Standards and Practices Board, removing outdated school safety patrol language, clarifying waiver provisions, and updating dyslexia screening reporting requirements so the statute reflects current practice. Members focused mainly on whether the dyslexia reporting requirement should remain, and DPI said the screening itself would continue even if reporting language were revised. No votes were taken on DPI’s suggestions, and the task force recessed after the presentation.
KY
Transcript Highlights:
  • </c> the office of government efficiency the office of government efficiency within<00:35:24.440><c>
  • ><c> core</c> efficient efficiently and delivers core efficient efficiently and delivers core Services
  • </c> do we make sure we're being efficient do we make sure we're being efficient with<00:37:49.800><c
  • </c><00:38:10.160><c> and</c> was used pretty well and efficiently and was used pretty well and efficiently
  • Performance audits are about efficiency.
Summary: The Senate Standing Committee on State and Local Government first took up Senate Bill 193, a simple measure described as restoring wallet cards for jailers to carry when they are outside the jail. The sponsor noted the fiscal impact was essentially zero, there were no questions, and the committee approved the bill 9-0 for passage to the Senate floor. The committee then heard Senate Bill 9, sponsored by Senator Higdon, which would change how the Teachers Retirement System (TRS) treats sick leave, personal leave, and annual leave in retirement calculations. The sponsor argued the bill is intended to address TRS’s financial challenges by standardizing leave rules statewide, limiting TRS retirement credit to 10 sick days and 2 personal days per year, preventing annual leave from being rolled into sick leave, requiring districts to pay the actuarial cost for any leave beyond the cap, and adding reporting and oversight requirements for participating agencies. He also said the bill would add 30 days of maternity leave, allow voluntary district contributions for tier four teachers, and direct the state auditor to audit TRS and report on agencies. Committee members asked about how overages would be audited and billed, the cost of a sick day, and how the bill would interact with local leave policies, including paid parental leave in some districts. The sponsor clarified that existing accumulated leave would not be affected, that the bill applies going forward, and that districts could still offer more leave but would bear the added cost. Members also discussed whether the maternity leave language set a cap or a minimum, and one senator noted the bill was intended to preserve personal days while stopping annual leave from being converted into pension credit. No vote on Senate Bill 9 was shown in the transcript excerpt.
AR

Arkansas 2026 Regular Session

ALC-HOSPITAL, MEDICAID, & DEVELOPMENTAL DISABILITIES STUDY SUBCOMMITTEE Jun 18th, 2026

ALC-HOSPITAL, MEDICAID, & DEVELOPMENTAL DISABILITIES STUDY SUBCOMMITTEE

Transcript Highlights:
  • Fourth, creating efficiencies that promote effective government services outcomes and impact.
  • And so there's really opportunities here to... ...squeeze out more efficiencies.
  • organizational culture and more efficient service delivery.
  • I know there were a lot of questions about costs and what cost efficiencies.
  • And so again, the... ...idea is how do we create an efficient oversight structure, an efficient delivery
Keywords: 1204, all
OK
Transcript Highlights:
  • Its second year, much better, much more efficient for the schools and the taxpayer.
  • We've become more efficient, more effective.
  • We're much more efficient.
  • or not efficient.
  • This was not necessarily an efficiency plate.
Keywords: 914, all
MN

Minnesota 2025-2026 Regular Session

House passes HF289 2/27/25

Minnesota House Floor Meeting

Transcript Highlights:
  • And frankly, if we're to have the most effective and efficient government in the state, we need to involve
  • So this bill is meant for efficiency, meant for savings, but also importantly is meant for listening
  • So this bill is meant for efficiency, meant for savings, but also importantly is meant for listening
  • and then allow them part of efficiencies and then allow them part of that that that money<00:02:15.239
  • </c><00:02:34.400><c> meant</c><00:02:34.640><c> for</c> bill is meant for efficiency meant for bill
Keywords: 1183, house
ID

Idaho 2026 Regular Session

Agenda Feb 13th, 2026

Transcript Highlights:
  • We're coming together to create efficiencies. And we've got to see how all this works out.
  • And these efficiencies really have helped us improve performance.
  • We're doing it with efficiencies that we're seeing within the agency, and we're not done.
  • So we're not done trying to create efficiencies and improve. Thank you, Mr. Barron.
  • So we're not done trying to create efficiencies and improve. Thank you, Mr. Barron.
Summary: The House Health and Welfare Committee approved the February 10 minutes and then heard a presentation from DOPL Administrator Russ Barron explaining the agency’s fee-setting process for professional boards. Barron said DOPL operates without general fund support, relies on license fees to cover costs, and is using a legislatively approved plan to raise or lower fees based on board cash balances. He described past consolidation and efficiency efforts, including moving to the Chinden campus, implementing a single licensing system, merging boards, and using fee holidays for boards with excess cash. Members generally supported the approach and asked about board financial reporting, carryover balances, and DOPL’s efficiency measures. The committee then considered several DOPL rule dockets. It approved a unified rule chapter for the newly merged Board of Long-Term Care Administrators and approved repeals of the prior separate nursing home and residential care administrator rule chapters, effective July 1, 2026. These actions were tied to the merger of the two boards under 2025 legislation and were described as non-substantive reformatting to consolidate the rules. Finally, the committee heard and approved rules for the Board of Acupuncture. The docket removed duplicative statutory language and increased fees substantially, raising initial licensure from $150 to $300 and renewals from $75 to $200. Price said the board had a negative cash balance and needed the increase to move toward the statutory cash-balance target. Heather Bergstrom of the Idaho Acupuncture Association testified in support, saying the profession is self-funded, the increase was manageable, and licensing is important for insurance participation and market access. Members asked about board consolidation and comparisons with other states before unanimously approving the docket. The committee adjourned after noting more DOPL rules would be heard the following week.
ND

North Dakota 2026 1st Special Session

Budget Section Leadership Division Mar 18th, 2026

Transcript Highlights:
  • How can this be more efficient?
  • How can this be more efficient?
  • So what does that look like moving forward from an IT efficiency standpoint, right?
  • Their efficiency head and the governor's efficiency head are pretty much the same person.
  • and help others be more efficient as well.
Summary: The committee met with a quorum, approved the previous minutes, and then received an update from Senator Jonathan Sickler on the Cash Management Board’s work under House Bill 1278. He said the board has been reviewing statewide cash, liquidity, and investment practices, finding that the state generally manages money well but could improve forecasting, automation, and coordination across agencies. He highlighted that the state has about $35 billion in liquid assets and investments, with most in longer-term investments, and described a change already underway replacing more than 500 six-month CDs with a special-rate savings account to reduce administrative work. Members also discussed the impact of House Bill 1176 on Legacy Fund earnings and the possibility of future legislation to avoid losing investment returns when large transfers are made all at once. The board also noted that some agencies still hold funds outside the Bank of North Dakota system, and that this is being reviewed. Representative Nathan Toman then updated the Task Force on Government Efficiency, saying the group has focused on how to measure whether programs are actually working. He said the task force has not yet proposed legislation, but the administration has agreed that new and expanding programs should answer five questions, including who is affected, what outcome is expected, whether there is another way to do it, and how success will be measured. Members discussed the need for dashboards, program evaluators, better data collection, and possible use of artificial intelligence to identify duplicate or outdated programs. Toman said the task force will continue reviewing agency workflows, with upcoming presentations from courts, the university system, the auditor, and other agencies, and that future legislation or rule changes may be needed to require performance metrics. Phil Davis of Job Service North Dakota presented labor market and program updates. He reported that North Dakota’s unemployment rate is 2.5%, labor force participation is about 68.7%, and the state continues to rank near the top nationally. He reviewed job openings, in-demand occupations, and several workforce programs, including H-2A agricultural worker inspections, the Job Placement Partnership Program with DOCR, and virtual and in-person job fairs. Davis said the DOCR partnership has shown strong results, with lower recidivism and higher earnings for participants, and he emphasized that Job Service tracks outcomes and reports them to federal and state partners. Members asked about child care subsidies, workforce participation, agency coordination, and whether more staff are needed for H-2A inspections. Finally, Allen Knutson presented the updated S&P Global revenue forecast. He said oil prices have risen sharply since the last update, making the revenue outlook more favorable but still volatile. S&P’s baseline forecast showed the current biennium’s four major tax collections about $89 million above the legislative forecast, and a much larger increase for the next biennium, though he cautioned that federal tax changes and oil market uncertainty could alter the numbers. In an alternate scenario using higher near-term oil prices, he estimated about $242 million more in oil and gas tax collections and roughly $120 million more for the Strategic Investment Fund. Members asked whether another forecast should be requested once oil markets stabilize and about changes in tribal oil production assumptions.