Transcript Highlights:

• So HB2 original: we had $574 million in bonding capacity.
• We had $574 million in bonding capacity added, plus 18.9% of surplus.
• I and I has to go through Bond Commission. I and I has to go through Bond Commission.
• That’s the exercise we went through, I think, two or three Bond Commissions last year.
• Basically, it’s just a bill that allows us to have the bonding capacity to move HB 2 forward.

Summary: The Senate Committee on Revenue and Fiscal Affairs met on May 19, 2026, established a quorum, approved the May 11 minutes, and then took up several House bills. House Bill 1039, presented by Rep. DeSotel, would add taxpayer protections in local sales tax audits by requiring clear notice that waiving prescription is voluntary, requiring a written request identifying records sought before an estimated assessment, and allowing mutual agreements to suspend interest and penalties during an audit. The committee had no opposition and reported the bill favorably. House Bill 799, handled by the State Fire Marshal’s office, would move boiler inspections into the Fire Marshal’s office and allow licensed industry inspectors to perform them, with the stated goal of improving efficiency because current staffing only covers about 20% of inspections; it was also reported favorably without objection. The committee then spent most of the meeting on House Bill 2, the capital outlay bill, with Chairman Bacala explaining that the House had worked with the Division of Administration and Facility Planning and Control to find about $50 million in savings through cash-flow adjustments, under-budget bids, over-appropriations, and bundled-project savings. He argued the bill has grown beyond a true five-year plan and that some prior funding is not transparent because money placed in projects in earlier years no longer appears in later versions of the bill. Division officials said the savings would help address deferred maintenance, especially in higher education, and that Priority 2 projects are used to absorb additional funds if more savings are found later in the year. Senator Luneau asked about dormant projects and the process for removing or reallocating funds from projects with no recent expenditures; officials said such removals must go through the Bond Commission and that they are considering ways to improve the process. Bacala then offered amendments to HB 2, saying they kept Priority 1 fully funded, added about $54 million in Priority 2 projects, and included a large Priority 5 list of member requests. The committee adopted the amendment set without objection and then reported HB 2 as amended favorably. The committee also reported House Bill 3 favorably; Bacala described it as a housekeeping measure that provides bonding capacity to move HB 2 forward. Finally, the committee granted staff authority to make technical changes to the reported bills and adjourned on Senator Lambert’s motion.

Transcript Highlights:

• And I came to think of it as bonding.
• um would come in and ask for bonding um would come in and ask for bonding projects<00:28:18.240>
• My favorite Mary Murphy speech was one I think she did in favor of a bonding bill.
• She said, "We cannot just build a vanilla bonding bill.
• We need to have some flavor to the bonding bill."

Keywords: 1183, house

Transcript Highlights:

• agencies occupying buildings paid for by those bonds.
• That concludes my presentation on lease payments for revenue bonds.
• are appropriated to our client agencies for state general obligation bond.
• I'm the Executive Director for the **Bond Review Board**.
• As you may recall, we have three main charges of the Bond Review Board.

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:

• General obligation bond debt service.
• FAA to estimate debt service on commercial paper and bonds.
• And that concludes General Obligation Bond Debt Service. Members, any questions?
• While we're responsible... ...responsible for calculating and paying state revenue bond debt service,
• We collaborate, if you will, with the LBB, with the bond review board, with our sources and they help

Keywords: 1184, house, all

Transcript Highlights:

• Pike County, an estimated $820,000 of school building revenue bonds.
• <00:57:43.839> The of school building revenue bonds.
• The of school building revenue bonds.
• <00:59:54.640> being<00:59:54.880> defeased, the bonds being defeased, the bonds being
• underwriting, our attorneys and bond underwriting, our attorneys and bond council<01:15:11.840><

Keywords: 0:00:08 Call to Order and Roll Call 0:00:38 Approval of Minutes 0:01:02 Information Items 0:02:17 Lease Rpt from Postsecondary Institutions 0:06:42 Project Rpt from Finance and Administration Cabinet 0:15:03 Lease Rpt from Finance and Administration Cabinet 0:24:00 Rpt from OFM – KY Infrastructure Authority 0:42:55 Economic Development Fund Grants 0:53:38 Rpt from OFM – New Debt Issues 1:16:33 Remaining 2025 Meeting Dates 1:16:45 Adjournment, 958, all

Summary: The committee first handled routine business, including roll call, approval of the July minutes, and several informational reports. Those reports included a University of Kentucky restricted-fund medical equipment purchase for Chandler Hospital, debt issues for five school districts, Eastern Kentucky University’s planned model laboratory school using construction management risk delivery, a Division of Real Properties lease advertisement, Kentucky Communications Network Authority quarterly project reports, and EKU asset preservation revisions. Members then heard and approved a new UK St. Clair Urgent Care Clinic lease in Morehead and an amendment expanding space for the UK Family and Community Medicine Clinic at Turflin Clinic. Testimony explained that both properties are privately owned, the Morehead lease predated the UK/St. Clair arrangement, and the Turflin Clinic is tight on space. The committee also approved three new projects and an appropriation increase: two Department of Military Affairs projects, a Window Ford Training Center underground electric project and a Williamsburg Readiness Center interior repair project, a Fish and Wildlife property acquisition adjoining Veterans Memorial Wildlife Management Area, and an $8.113 million increase for the Department of Revenue integrated tax system (DORIS). The DORIS increase was described as needed for change orders tied to legislation and to complete the unified tax system. The committee next reviewed no-action items, including a $3 million emergency flood-damage repair project for the Bush Building and Vest-Lindsay House in Frankfort, and three pool projects over $1 million: a Kentucky Correctional Institute for Women window replacement phase 2 project, a Department of Criminal Justice Training interior refurbishment at Thompson Hall, and the Muddy Gut Branch stream mitigation project in Johnson County. The flood project was confirmed to be fully reimbursed by insurance proceeds. Finally, the Kentucky Infrastructure Authority presented six loans and nine grants. Action items included water and sewer financing for Cumberland County, Lebanon, Northern Kentucky Water District, Lewisport, and Providence, plus a major Taylor Mill treatment plant project and several cleaner water grants and reallocations. Members asked about loan rates, local rate increases needed to repay debt, and the Providence emergency water interconnect; staff explained that Lewisport had begun a rate increase process, and that the Providence project would connect Webster County Water District and the city of Providence to stabilize pressure after a systemwide failure. All action items were approved.

Transcript Highlights:

• The second is the bond portion of the proposition. Proposition 1 authorized a $6.4 billion bond.
• Prior to the bond, this program was originally allocated $2.2 billion.
• So I'm going to quickly move into the bond.
• With the bond, we have $8 billion in applications to award $3 billion.
• For the bond, we looked at acute psychiatric hospitals and received 18 applications.

Keywords: 988, house, all

Transcript Highlights:

• Today, we discussed bonding a little bit and trying to get our leads on the same page on that.
• That wasn't that what we're bonding.
• How do you close on bonding targets, and is there any concern about the Muni bond income tax exemption
• <00:06:52.160> But contractors voting on bonding bills.
• But contractors voting on bonding bills.

Keywords: 1183, house

Transcript Highlights:

• It's a bond issue, an appropriation, $55 million through a bond.
• 35 Bridge interchange project and bond 35 Bridge interchange project and bond issue<00:37:12.720
• it's about a 30/70 split between trunk highway bonds and GO bonds.
• it's about a 30/70 split between trunk highway bonds and GO bonds.
• it's about a 30/70 split between trunk highway bonds and GO bonds.

Keywords: 1187, senate, all

Transcript Highlights:

• We used bonding<00:03:46.920> money.
• I think the bonding bill in 2018 had $300 in the bonding bill for roads and...
• I think the bonding bill in 2018 roads.
• So, we got to see what bonding bill looks like.
• to see what bonding bill looks like. to see what bonding bill looks like.

Keywords: 1187, senate, all

Summary: Republican senators held a Tax Day press event focused on affordability, arguing that DFL control has led to overspending, higher taxes, and reduced competitiveness in Minnesota. They criticized recent state tax increases and proposed new taxes, including taxes on social media and advertising, extending sales tax to legal and accounting services, a higher income tax tier, a statewide property tax, and a housing-related sales tax amendment. They also contrasted Minnesota policy with federal tax relief, saying Minnesotans need spending restraint, fraud reduction, and a smaller, more efficient state government instead of additional revenue measures. Senator Dziedzic focused on transportation costs, especially high license tab fees, saying residents are overwhelmed by taxes and fees and that the state should fund roads and bridges with existing money rather than raising fees. He cited a House proposal to quintuple tab fees and said Minnesota’s vehicle ownership costs are far higher than neighboring states. Senator Kunesh focused on property taxes, saying homeownership is becoming unaffordable because of state spending and unfunded mandates passed on to local governments. He argued that Democrats’ 2023 spending drove up property taxes and warned that a proposed statewide property tax would worsen the housing crisis and hurt families, seniors, and first-time buyers. In response to questions, the senators said their caucus is open to companion bills and some targeted tax relief measures, including conformity with federal changes such as tax treatment of tips and overtime and Section 179 business provisions. They said they support transportation investment but want it funded through existing resources and better prioritization, not new taxes or fees. They also discussed possible bonding negotiations and said they are still evaluating proposals related to HCMC and a one-time property tax rebate, which they described as insufficient compared with the need for permanent relief. No votes or formal actions were taken.

Transcript Highlights:

• We'll talk about our current bonding request. Dr.
• <00:21:41.799> service also pay our Revenue debt Bond service also pay our Revenue debt Bond
• so we can sell revenue to sell bonds so we can sell revenue bonds<00:39:39.599> in<00:39:39.760
• the capital funding through the bond the capital funding through the bond market<01:13:53.560>
• We are always happy to host on future bonding tours.

Keywords: 1187, senate, all

Transcript Highlights:

• That's why this bond is so critical. That's why this bond is so critical.
• Let me start first with my disgust, that veterans are being used as window dressing on a bad bond.
• Assembly Member DeMaio continued: “That veterans are being used as window dressing on a bad bond.
• Not nearly adequate enough, and not contained in this bond, not linked to this bond.
• Members, this bond focuses and prioritizes funding for affordable housing.

Keywords: 988, house, all

Transcript Highlights:

• That's why this bond is so critical.
• Let me start first with my disgust, that veterans are being used as window dressing on a bad bond.
• That veterans are being used as window dressing on a bad bond.
• Not nearly adequate enough, and not contained in this bond, not linked to this bond.
• Members, this bond focuses and prioritizes funding for affordable housing.

Summary: The Assembly convened after a quorum call, prayer, and Pledge of Allegiance, then handled a series of procedural motions to re-refer bills, suspend rules, and remove items from the consent calendar. The chamber also heard guest introductions recognizing family milestones, a youth leadership program from Assembly District 13, a delegation of Japanese business leaders, and a Michoacan delegation. Later, members adopted several resolutions and consent items, including California Craft Beer Week, the Freedom Flag as a 9/11 remembrance symbol, Probation Services Week, and California Wildfire Week, along with other consent-calendar measures. The main floor debate centered on SB 417, a $10 billion housing bond for the ballot, with supporters emphasizing the state’s housing shortage, homelessness crisis, and funding for multifamily housing, supportive housing, homeownership, farmworker housing, student housing, tribal housing, infrastructure, and preservation of existing affordable units. Opponents criticized the proposal as adding debt without enough reform and objected to the use of veterans in the measure’s messaging. The Assembly passed SB 417 on urgency and on the measure, 54-7, and sent it to the Senate. Members then adopted ACA 20, which would expand and modernize the state Rainy Day Fund by increasing its cap and changing deposit rules; it passed 54-8 and was transmitted to the Senate. The Assembly also approved SB 623, a transportation-related bill addressing rideshare safety and medical lien practices. Supporters said it would curb abusive billing, restrict attorney conflicts and kickbacks, require stronger background checks for TNC drivers, and allow women riders and drivers to request women-only matches. The measure passed unanimously, 67-0. Later, the House adopted ACA 21, which removes ACA 13 from the November ballot, by 62-0, and ACA 22, which amends a ballot measure affecting taxation and local fiscal resources, by 64-0. The session concluded with an adjournment in memory of Dr. Dorothy Viola Calvin, followed by announcements, recesses, and final adjournment until the next scheduled floor session.

Transcript Highlights:

• Act as the 9-1-1 Bond Act.
• proceeds from the bonding be used for maintenance projects in New Mexico, Mr.
• Speaker, gentlelady, so this bond, these bonds would specifically be spent on projects identified on
• Speaker and gentlelady, that we're going to go for bonds.
• But I think this bonding issue might smooth out some of the bumps.

Transcript Highlights:

• Last year it was on the bonding bill. We toured this site. It's woefully needed.
• <00:30:15.679> build crucial for us to get a bonding build crucial for us to get a bonding
• <00:30:29.320> Bill I too would like to get a bonding Bill I too would like to get a bonding
• Repayments revolve back to pay PFA revenue bond debt service and to make new loans.
• been funded had we had the um bonding been funded had we had the um bonding Bill<00:45:53.800>

Keywords: 1183, house

Transcript Highlights:

• Center revenue bonds 2016 series A in Center revenue bonds 2016 series A in accordance<00:48:32.319><
• refunding of of an existing bond. refunding of of an existing bond.
• and then tendering bonds as well to try and get holders, investors of those bonds to tender them back
• and then tendering bonds as well to try and get holders, investors of those bonds to tender them back
• and then we resell them tax-exempt bonds.

Keywords: 00:02 Call to Order and Roll Call 00:45 Approval of Minutes 01:01 Information Items 06:25 Project Rpt from Postsecondary Institutions-KCTCS 10:50 Project Rpt from Finance and Admin Cabinet 18:08 Lease Rpt from Finance and Admin Cabinet 27:12 Rpt from OFM – KY Infrastructure Authority 33:56 Rpt from OFM – CED EDF Grants 47:20 Rpt from OFM – Office of Financial Mgmt 56:53 Adjournment, 958, all

Summary: The committee first handled routine business, including approval of the February meeting minutes and several information items. Those items covered university equipment purchases, school district and transportation-related debt issuances, Northern Kentucky University’s planned construction-manager/general-contractor delivery method for the medical examiner/crime lab relocation project, a lease-space advertisement, postsecondary asset preservation allocations, and lease-law compliance reports. Members then discussed the Northern Kentucky crime lab project in more detail; staff explained that the memorandum of agreement would cover the construction portion while the lease would cover operations, and members were told the project should move forward without procurement problems. The committee approved a Kentucky Community and Technical College System project to modify the fire academy maintenance building after the related dormitory project was set aside because of major cost overruns. KCTCS said the dormitory would be about $3 million over budget, so it would not be bid; instead, the maintenance building would be expanded to add showers and restroom/locker facilities, bringing that project from $2 million to about $3.2 million. The committee also approved a Transportation Cabinet project for the Hardin County I-65 southbound commercial motor vehicle station relocation, with members asking about the estimate, the lack of a direct prior example, and the fact that the loadometer equipment itself would be purchased separately and was not included in the construction estimate. Finance and Administration Cabinet lease items were then considered. The committee approved a Department of Public Advocacy lease in Christian County and a Transportation Cabinet vehicle regulation lease in Kenton County, both negotiated down from initial asking prices and both including utilities. Two lease modifications were reported without action: a Department of Revenue fit-up in Jefferson County and an expanded vehicle regulation lease in Adair County. Members also approved a package of Kentucky Infrastructure Authority items, including four loans and six Cleaner Water Program grant reallocations, covering sewer and water projects such as MSD’s Patty’s Run flood pumping station, Paducah-McCracken County’s wastewater treatment plant, Mount Washington’s lift station replacement, and Eminence’s wastewater plant expansion. Finally, the committee heard a batch of Kentucky Product Development Initiative economic development grants and approved the action items in one vote. The projects included due diligence and infrastructure work for industrial and site-development projects in multiple counties, with local match requirements and KEDFA approvals described for each. The committee also received three line-item water grants from House Bill 1 that required no action, and the meeting ended after the grant presentations and approvals.

Transcript Highlights:

• amendment does is it puts on the funding for the community grants appropriation and also adds a SH bond
• I think there are some good accountability measures with the um with subdivision 4 with the surety bond
• appropriation and also adds uh a SH bond appropriation and also adds uh a SH bond requirement<00
• in the amount or proof of the SH bond in the amount or form<00:02:38.959> as<00:02:39.200>
• subdivision 4 with the assurityity bond. subdivision 4 with the assurityity bond.

Keywords: 919, house, all

Summary: The committee took up House File 3426, an LCCMR bill, and focused on amendments while noting that the bill would be laid over for further work. Members said they were still negotiating one additional section, including guardrails to work with the DNR, and that the bill would return the following week. The committee adopted the A10 amendment, which addressed the “critical and emerging issues” account and was described as adding guardrails so the account would be used for truly emerging issues rather than as a fallback funding pot. The A11 amendment was also adopted after discussion; it added funding for the community grants appropriation and required applicants to provide a surety bond, with supporters describing it as an accountability measure for the new program. Several members expressed support for the amendments and for continuing to refine the bill, while one member initially indicated the A11 was not yet supported before the committee clarified the position and proceeded. No final vote on the bill itself was taken; instead, the motion to lay over House File 3426, as amended, carried so the committee could continue work on the remaining section and bring the bill back later.

Transcript Highlights:

• Additionally, this state bond would add student and employee housing as an allowable bond expenditure
• Additionally, this state bond would add student and employee housing as an allowable bond expenditure
• The truth is that this bond will not take care of all the universities' needs.
• The truth is that this bond will not take care of all the universities' needs.
• That is why in this bond, different from previous higher education bonds, we have included housing.

Summary: The Assembly Committee on Housing and Community Development heard a long agenda focused mainly on housing production, higher education facilities, homelessness, and permitting reform. Early items included AB 6, which would direct HCD to convene a working group on allowing three- to ten-unit “missing middle” housing to be built under the Residential Code rather than the Building Code; AB 48, a higher education bond proposal that would fund campus repairs, modernization, disaster recovery, and student/employee housing; and AB 76, which would clarify a Chula Vista university innovation district exemption so the project can include academic buildings and housing without conflicting with surplus land rules. Supporters emphasized affordability, cost savings, student housing needs, and access to education, while members raised questions about implementation, affordability requirements, and project scope. The committee later took votes on these items, with AB 6, AB 48, and AB 76 all moving forward on unanimous or near-unanimous votes to Appropriations. Members also heard AB 595, which would create a state homeownership tax credit pilot to support affordable for-sale housing. The author and supporters argued that California’s homeownership rate is at historic lows and that the bill would help close racial wealth gaps by financing homes working families can buy. The committee approved AB 595 and sent it to Appropriations. The consent calendar, including several other housing-related bills, was also approved unanimously. A major portion of the hearing was devoted to AB 1165, the California Housing Justice Act of 2025, which would require ongoing state investment and a financing plan to address homelessness and housing affordability. The author and witnesses described the scale of homelessness, the limits of one-time funding, and the need for sustained, accountable funding streams. After testimony from housing advocates and people with lived experience, the committee passed AB 1165 on a 10-0 vote to Appropriations. Finally, the committee heard AB 609, a CEQA reform bill that would create a simplified exemption for qualifying infill housing projects in already developed areas. Supporters framed it as a targeted way to reduce delays and costs for housing near jobs and transit, while opponents from environmental justice, labor, and tribal groups warned it could reduce public participation, weaken protections for disadvantaged communities, and create consultation concerns for tribal cultural resources. The author said the bill would not change zoning or affordability tools and would continue to work with opponents on amendments. The bill was moved forward after extensive discussion, with members noting ongoing negotiations on tribal consultation and labor concerns.

Transcript Highlights:

• for bond and tax rate proposals, the projected tax impact of these bonds, and a full accounting of how
• the bond proceeds are spent, including what projects are funded.
• And then there's one that I know I did, but we're setting up a list at the Bond Review Board.
• That is specific to school district bonds and taxes, though this is a bit more comprehensive.
• They can compare their bond debt with their neighbors or someone across the state.

Bills: HB103

Keywords: 1185, senate, all

Transcript Highlights:

• Um, as well as $13.1 million for bonding.
• voters along with associated bonding voters along with associated bonding costs<00:48:26.000>
• <00:48:57.280> and because like now I see like bonds and because like now I see like bonds
• service related um, to those PFA bonds service related um, to those PFA bonds that<01:03:52.640>
• been needed, but we all know how bond been needed, but we all know how bond councils<01:33:13.600

Keywords: 1187, senate, all

Transcript Highlights:

• Or if they're issuing a bond for a building construction project, they would, under current law, have
• to go out and get that bond approved and then pay the debt.
• Conditions assessment for possible bond votes for deferred maintenance or otherwise.
• Sent over added new language requiring that districts shall not issue a bond for school construction
• So, if there's a district that wants to go out for a bond vote now, they can go out for a bond vote now

Keywords: 927, senate, all