Transcript Highlights:

• we're highly uh allocated to US equity we're highly uh allocated to US equity and<00:05:20.560><
• And over the past couple of years equity And over the past couple of years equity markets<00:05:
• , world equities, Japan equities.
• > equities equities Japan equities equities Japan equities >> uh<00:41:16.400> how<00
• <01:39:20.480> It's Education statute. It's KRS 1615. It's Education statute.

Keywords: 958, all

Summary: The meeting opened with a quorum call, the Pledge of Allegiance, a prayer, and approval of the prior meeting minutes. The first presentation was from Bo Craycraft of the Judicial Form Retirement System, who gave an update on investment performance, asset allocation, cash flow, and projected employer costs. He reported strong fiscal year 2025 investment results, with both the legislative and judicial retirement plans outperforming their actuarial assumed rates of return and benchmarks, driven largely by U.S. equity performance. He also noted the plans remained near their target asset allocation and continued to experience negative cash flow, though he said that was manageable in context of strong asset growth. Craycraft then discussed a recent experience study and actuarial assumption changes, especially a revised salary growth assumption and a higher cash balance interest credit rate. He said these changes increased projected employer costs, with contributions rising from about $700,000 to a projected $2 million in later years, though he expected the eventual 2025 valuation and investment gains to reduce that estimate. Members asked about mortality assumptions, the impact of the experience study on liabilities, and the sharp increase in the judicial plan’s projected employer cost. Craycraft explained that the increase was driven mainly by the updated assumptions and that no other major plan changes were involved. At the chair’s request, Craycraft also addressed the recent rise in Medicare Advantage premiums for the plan’s health coverage, saying the 2025 increase was largely tied to Part D changes and the Inflation Reduction Act and had been about 45%, but that future growth was expected to be under 5%. After his presentation, the committee moved to the Kentucky Public Pensions Authority update, where the next speaker began by saying the funds had exceeded actuarial assumed returns for the fiscal year.

Transcript Highlights:

• Third, we convert the current Equity, Diversity, and Inclusion Center within the Department of Education
• Third, we convert the current Equity, Diversity, and Inclusion Center within the Department of Education
• This measure will threaten educational equity by creating a system where some students receive essential
• This measure will threaten educational equity by creating a system where some students receive essential
• This measure will threaten educational equity by creating a system where some students receive essential

Keywords: 1183, house

Transcript Highlights:

• It has a provision relating to out-of-state continuing education credit for appraisers.
• We have educated over 400 chiropractors. There is nothing unsafe about CBD.
• I'm the Director of Sales and Education at CARPE DMCBD.
• I'm from North Minneapolis, and I'm a social equity retail license applicant.
• I am co-founder of the Cannabis Awareness Education Council for Youth.

Bills: HF1545, HF2426, HF1615, HF2403

Keywords: medical cannabis, cultivation, cannabinoid products, plant canopy, Minnesota statutes, cannabis, hemp, lower-potency, edibles, regulations, licensing, local control, consumer safety, age restrictions, commerce policy, financial institutions, insurance regulation, limited long-term care insurance, Medicare supplement, health insurance

Transcript Highlights:

• Equity and education for all. Elena McLean, homeschool mom of two boys through Cottonwood Charter.
• for his efforts to improve equity and access to educational technology and support that all students.
• There's been tremendous progress in California towards more education equity as a result of the local
• AB 1204 introduces essential equity-focused solutions to enhance educational funding.
• Our mission is rooted in advancing educational equity as a pathway to social and economic mobility.

Summary: The Assembly Education Committee heard AB 84, a charter school accountability measure focused on non-classroom-based charter schools and fraud prevention. The author and supporters said the bill was intended to respond to the A3 charter fraud case and related scandals by strengthening audits, transparency, authorizer oversight, and funding determination rules, while ensuring public education dollars are used for public education. Supporters included FCMAT, CSEA, CTA, and CSBA, who argued the bill would improve oversight and protect taxpayers. Opponents, including the California Charter Schools Association, Green Dot, many charter parents, educators, and charter operators, said the bill was too broad, would impose major new costs and bureaucracy on all charter schools, and could reduce options for families, especially those using flexible, homeschool, or special-needs charter programs. After extensive testimony and committee discussion, the bill passed on a 5-1 vote and was sent to Appropriations, with the item left open for additional votes. The committee then approved a consent calendar of 11 education bills, including AB 542, AB 563, AB 731, AB 753, AB 784, AB 964, AB 988, AB 1034, AB 1233, AB 1255, and AB 1381, all moving to Appropriations. The consent calendar passed unanimously. Later, the committee heard AB 1454, a literacy and reading instruction bill authored by Assembly Members Rubio and Revis. The bill would require the state to create professional development resources for evidence-based literacy instruction, update English language arts and English language development instructional materials, and revise administrator preparation standards to include literacy training. The authors and a broad coalition of supporters, including CTA, EdVoice, Families in Schools, Decoding Dyslexia, school administrators, and parent advocates, described the measure as a compromise aimed at improving reading outcomes and addressing California’s literacy crisis. There was no opposition testimony at the hearing, and members voiced strong support for the bill and its collaborative approach.

Transcript Highlights:

• Uh, educated as we kind of move along.
• , uh, as we look at our pension funds who have different allocations to equity, those who have more equity
• , uh, as we look at our pension funds who have different allocations to equity, those who have more equity
• to equity, those who have more equity to equity, those who have more equity are<00:10:46.000>
• <00:19:43.280> and average uh allocation to equities and average uh allocation to equities

Keywords: Meeting Start: 00:00 Attendance Roll Call: 01:02 Approval of Minutes: 02:03 Annual Investment Review: 04:10 Adjournment: 37:34, 958, all

Summary: The committee met with a quorum, approved the prior meeting minutes, welcomed new staff member Sean Parks, and announced that it would not meet in November. The next meeting was scheduled for December 8 at 10:00 a.m., with the chair noting that pension bills would be heard then and emphasizing that all pension bills must go through the full process and include actuarial analysis. Brad Gross of the Public Pension Oversight Board presented a detailed review of Kentucky retirement systems’ investments and funding. He said fiscal year 2025 ended with about $50.5 billion in pension assets and $12.52 billion in retiree health assets, both up from the prior year. He reported strong investment performance across the systems, with all Kentucky public pension funds exceeding their policy benchmarks and the median peer return of 10.4%. He also discussed long-term return trends, asset allocation differences among the systems, fee levels, and cash flow, noting that cash flow remains a key monitoring issue and that supplemental appropriations have improved the cash position of some funds, especially the Kentucky State Police and TRS systems. Gross also explained that assumed rates of return have generally fallen over time, which increases unfunded liabilities and required contributions, and said the systems’ current assumptions range from 5.25% to 7.1%. He noted that the committee’s materials included peer comparisons and historical charts, and that all asset classes were within target ranges. In response to a question from Senator Funky From, Gross was asked about pension spiking and whether supplemental general fund contributions could create a false sense of security in cash flow analysis; the question was raised but not resolved in the portion of the transcript provided.

Transcript Highlights:

• House Bill 4030 is the State Department of Education budget limits bill.
• And I'm saying that education piece of this, could you speak to that?
• all of them are related to education.
• the military readiness innovation and education and aviation Revolving fund.
• So we're talking about education. We're talking about healthcare issues.

Bills: HB4030, HB4031, HB4032, HB4033, HB4034, HB4035, HB4036, HB4037, HB4038, HB4039, HB4040, HB4041, HB4042, HB4043, HB4044, HB4045, HB4046, HB4047, HB4048, HB4049, HB4050, HB4051, HB4052, HB4053, HB4054, HB4056, HB4057, HB4065, HB4067, HB4071, HB4072, SB1144, SB1145, SB1146, SB1147, SB1148, SB1149, SB1156, SB1157, SB1158, SB1159, SB1161, SB1162, SB1163, SB1164, SB1165, SB1166, SB1167, SB1174, SB1175, SB1176

Keywords: education funding, budget appropriations, public schools, teachers' retirement, early childhood education, aeronautics, infrastructure, funding, sustainability, Oklahoma, mining, operator fees, coal production, noncoal mining, department of mines, revenue, state budget, budgetary reform, financial legislation, fiscal accountability

Transcript Highlights:

• It consolidates the bind fund and creates a new fund called the Military Readiness, Innovation, Education
• Chair, members, House Bill 4030 is what is generally known as the Education Limits bill.
• campus that would be flowing through this as opposed to some more traditional vehicle for higher education
• . to some more traditional vehicle for higher education?
• Why wouldn't this go through a request from higher education?

Bills: HB4030, HB4031, HB4032, HB4033, HB4034, HB4035, HB4036, HB4037, HB4038, HB4039, HB4040, HB4041, HB4042, HB4043, HB4044, HB4045, HB4046, HB4047, HB4048, HB4049, HB4050, HB4051, HB4052, HB4053, HB4054, HB4056, HB4057, HB4065, HB4067, HB4071, HB4072, SB1144, SB1145, SB1146, SB1147, SB1148, SB1149, SB1156, SB1157, SB1158, SB1159, SB1161, SB1162, SB1163, SB1164, SB1165, SB1166, SB1167, SB1174, SB1175, SB1176, HB4030, HB4031, HB4032, HB4033, HB4034, HB4035, HB4036, HB4037, HB4038, HB4039, HB4040, HB4041, HB4042, HB4043, HB4044, HB4045, HB4046, HB4047, HB4048, HB4049, HB4050, HB4051, HB4052, HB4053, HB4054, HB4056, HB4057, HB4065, HB4067, HB4071, HB4072, SB1144, SB1145, SB1146, SB1147, SB1148, SB1149, SB1156, SB1157, SB1158, SB1159, SB1161, SB1162, SB1163, SB1164, SB1165, SB1166, SB1167, SB1174, SB1175, SB1176

Keywords: education funding, budget appropriations, public schools, teachers' retirement, early childhood education, aeronautics, infrastructure, funding, sustainability, Oklahoma, mining, operator fees, coal production, noncoal mining, department of mines, revenue, state budget, budgetary reform, financial legislation, fiscal accountability

Bills: HB2650, HB2696, HB3177, HB3264, HB3298, HB3321, HB3322, HB3497, HB3499, HB3500, HB3742, HB3845, HB3941, HB3970, HB3980, HB3981, HB4421

Keywords: probate, estate administration, summary administration, decedent, inheritance, open records, educational records, cybersecurity, student privacy, confidential information, court reporters, salaries, legislation, employment compensation, state administration, Oklahoma, criminal justice, minimum sentences, parole eligibility, violent crimes

Transcript Highlights:

• And whereas her excellence in education has been recognized through numerous honors including the 2020
• Oklahoma Middle Level Education Association Educator of the Year, the 2017 State of Oklahoma National
• And thank you, Senator Devers, for what you all do every single day for Oklahoma education this year.
• Senate Bill 1721 extends the sunset of the Oklahoma advisory Council on Indian Education.
• This council collaborates with Oklahoma Education agencies' tribal governments, tribal education departments

Bills: SB1238, SB1277, SB1304, SB1378, SB1423, SB1484, SB1501, SR32, SB1502, SB1721, SB1735, SB1832, SB1847, SB1859, SB1876, SB2170, SB2182

Keywords: domestic abuse, domestic violence, assault and battery, strangulation, intimate partner violence, family or household member, repeat offender, felony enhancement, Class B5 felony, stalking, batterers intervention program, court-ordered treatment, protective order, presence of a child, pregnant victim, great bodily injury, animal cruelty, cockfighting, dogfighting, sex offender registration

Transcript Highlights:

• It is not well known, so maybe an education format could help. TDEM knows those rules well.
• So probably a little education from the Water Development Board and TDEM would help.
• It's a good interim charge to figure out if there's an education gap there that needs to be filled.
• Members, therefore, Senate Bill 10 both modernizes our arrest laws and serves as an educational tool
• I'm not on the education committee.

Bills: SB8, SB4, SB43, SB1, SB2, SB13, SB6, SB10, SB16, SB14, SB3, SB8, SB4, SB43, SB1, SB2, SB13, SB6, SB10, SB16, SB14, SB3

Keywords: education, accountability, public school assessment, state law, transparency, intervention, performance ratings, Texas congressional redistricting, U.S. House districts, congressional map, redistricting, gerrymandering, 2020 Census, census tracts, block groups, voting districts, election law, Texas House of Representatives districts, federal congressional districts, 2026 elections

Transcript Highlights:

• You're on the public education committee to create education policy.
• health education.
• veteran of elementary education.
• We have become the educational mafia, and not educating children, but criminalizing them.
• education funding in 30 years.

Bills: HB6, HB27, HB 123, HB210, HB213, HB222, HB610, HB 1085, HB1481, HB6, HB27, HB123, HB210, HB213, HB222

Keywords: mental health, telehealth, public schools, discipline management, behavioral interventions, financial literacy, high school education, curriculum requirements, economics, personal finance, HB 123, kindergarten readiness, early literacy, early numeracy, reading screening, math screening, foundational literacy, foundational numeracy, dyslexia screening, reading intervention

Transcript Highlights:

• 2 The House Committee on Public Education. We'll come to order and the clerk will call the roll.
• It just allows for school districts and educators to be able to.
• One point I just want to make here at the top is that being an educator is a educator is really a management

Bills: HB6, HB27, HB 123, HB210, HB213, HB222, HB610, HB 1085, HB1481, HB6, HB27, HB123, HB210, HB213, HB222

Keywords: mental health, telehealth, public schools, discipline management, behavioral interventions, financial literacy, high school education, curriculum requirements, economics, personal finance, HB 123, kindergarten readiness, early literacy, early numeracy, reading screening, math screening, foundational literacy, foundational numeracy, dyslexia screening, reading intervention

Transcript Highlights:

• Tristan Brown with the CFT, a union of educators and classified professionals.
• And my concern here is just, when you read the analysis, it's sort of in the silo of equity and equity
• And my concern here is just, when you read the analysis, it's sort of in the silo of equity and equity
• It's referred to as a Private Equity Sunshine Act, and it's joint authored, as you noted.
• An increasing share of this money is now flowing into private equity.

Summary: The committee heard SB 921, which would create a tax credit to help agricultural employers offset overtime premium costs for farmworkers. Senator Grove and supporters, including farmworkers, the California Farm Bureau, and agricultural groups, argued the bill would restore lost hours and take-home pay after California’s agricultural overtime law reduced schedules. Opponents, including the California Federation of Labor Unions and CRLA Foundation, argued the proposal would subsidize employers with taxpayer dollars and undermine the principle that employers should pay overtime themselves. The bill was held in subcommittee until more members arrived. The committee then took up SB 1083, a cleanup bill to the prior year’s school employee misconduct database law. The author and supporters said it would add due process protections for classified school employees, require an administrative law judge review before placement in the database, and improve notice and vetting rules for contractors and non-permanent staff. School employer groups and other opponents warned the bill could slow investigations and weaken child-safety protections. The committee approved the bill 3-0 and sent it to Senate Appropriations. Members also considered SB 1089, which would require CalPERS health plans to cover GLP-1 medications and expand access through CalRX for chronic weight management and related health conditions. The author and supporters, including the American Diabetes Association and medical groups, said the drugs can prevent diabetes and improve health outcomes but remain unaffordable for many. Pharma representatives expressed concerns about the bill as drafted but said they were open to continued discussions. The bill passed 4-0 to Appropriations. The committee also approved the consent calendar 4-0. Later, the committee heard SB 954, which would narrow and add guardrails to last year’s CEQA exemption for advanced manufacturing, including environmental review near disadvantaged communities and labor standards such as prevailing wage and skilled-and-trained workforce requirements. Labor, environmental, and community groups supported the bill as a cleanup of an overly broad exemption, while business and manufacturing groups opposed it, warning it would discourage investment and worsen California’s competitiveness. The bill passed 3-1 to Appropriations. Finally, SB 1299, a fire sprinkler fitter certification bill, was heard and passed 3-0 to Appropriations with support from the sprinkler fitters and building trades and no recorded opposition.

Transcript Highlights:

• Current law requires tax preparers to register with the California Tax Education Council, but exempts
• I want to make clear the bill is not an attack on private equity generally in health care.
• And this is what makes private equity different from any other corporate form.
• That's why this bill applies specifically to private equity.
• So I'm joined today by our support. and not in private equity firms.

Summary: The Assembly Business and Professions Committee heard several bills, including SB 788 by Senator Niello, which clarified that CPAs and CPA firms, including employees and out-of-state CPAs authorized to practice in California, are regulated by the California Board of Accountancy rather than subject to Tax Preparation Act registration requirements. Supporters said the bill would reduce duplicative regulation and confusion; there was no opposition, and the bill passed to Appropriations. The committee also heard SB 351 by Senator Cabaldon, aimed at strengthening enforcement of California’s corporate practice of medicine rules as they relate to private equity and hedge fund involvement in medical and dental practices. The author and physician supporters argued that private equity can interfere with clinical decisions and patient care, while opposition from the American Investment Council said the bill could sweep in legitimate business practices and requested a narrow amendment. The bill passed to Judiciary. SB 312 by Senator Umberg was heard next and would require health certificates for imported dogs sold in California to be submitted to CDFA and made publicly available, with supporters describing it as a transparency and consumer protection measure to combat puppy mills and misleading online sales. There was no opposition, and the bill passed to Agriculture. The committee also approved a consent calendar containing SB 291, SB 387, SB 517, SB 602, and SB 773, all moving to their respective committees. The meeting ended after additional roll calls and adjournment.

Transcript Highlights:

• To be clear, health equity is an issue that transcends politics.
• <02:01:37.199> or director of off of health equity or director of off of health equity or
• It's about education, dignity, and civic responsibility.
• It's about education, dignity, and civic responsibility.
• > and<02:28:12.960> civic It's about education, dignity, and civic It's about education

Keywords: 1191, senate, all

Transcript Highlights:

• <00:02:19.520> fund For this reason, private equity fund For this reason, private equity fund
• , is currently owned by private equity, is currently owned by private equity, that<00:03:46.560><
• Lynch, and KKR, private equity giants, Lynch, and KKR, private equity giants, for<00:04:06.560> $33
• <00:07:52.639> demons We will not let private equity demons We will not let private equity
• private equity. private equity.

Keywords: 1191, senate, all

Transcript Highlights:

• It's central to access, equity, affordability, and higher education.
• the root causes for the equity gaps.
• And that is the equity challenge before us.
• Second, we must expand the power of the ADT as an equity tool.
• Yeah, loss work hours and other educational expenses.

Keywords: 987, senate, all

Transcript Highlights:

• And these were more than early education centers.
• She served on numerous nonprofit and educational boards, where she championed educational equity for
• Since 1965, the commission has worked to promote gender equity.
• Since 1965, the commission has worked to promote gender equity.
• Her steadfast commitment to student success and educational equity helped transform the district through

Summary: The Assembly met on June 4, 2025, after a quorum call and opening prayer led by Assembly Member Ramos, followed by the Pledge of Allegiance and routine procedural actions. Members handled several motions on bill referrals and file management, including disputes over SB 280 and ACA 8. The Speaker’s rulings were repeatedly appealed and sustained, and the body ultimately approved re-referral and notice waivers related to ACA 8 and SB 280, along with related committee hearing notices and shortened file notice requirements. Several bills were also removed from consent, moved to inactive file, or withdrawn from committee as nonfiscal measures. The chamber then held a Native American Day ceremony centered on ACR 102 by Assembly Member Ramos, recognizing California Native American Day and the California Indian Cultural Awareness Conference. Multiple caucus leaders and members spoke in support, emphasizing California’s Native history, past state harms, and recent legislative efforts affecting tribal communities. The resolution was adopted by voice vote after 71 coauthors were added. The ceremony also honored Native leaders and students, including Judge Abby Abinanti, Councilwoman Catalina Chacon, Rosemary Salgado, Chairman Frederick Massetti, and Clovis Unified students who defended their right to wear regalia at graduation. Later, the Assembly took up concurrence votes on several Senate-amended bills, all of which passed unanimously: AB 829 on Parkinson’s disease, AB 463 on emergency medical services, AB 493 on mortgage escrow interest, and AB 1387 on behavioral health coordination for justice-involved individuals. The body also adopted ACR 100 honoring India’s Independence Day and H.R. 44 recognizing homeless service providers, both by voice vote after substantial support from members and coauthors. Guest introductions highlighted the music industry, the California Commission on the Status of Women and Girls, and visiting officials from Pakistan. The session concluded with adjournments in memory of Joel Nilsen and Grace Akiko Kojima, followed by announcements of upcoming session dates and adjournment under the call of the Speaker.

Transcript Highlights:

• components of the education components of the education transformation<00:03:24.920> bill
• path that the Education Committee took. path that the Education Committee took.
• about cost drivers in our education about cost drivers in our education system,<00:19:18.120>
• <00:19:45.840> and needs of kids special education and needs of kids special education and
• So, that's a pretty equity firms.

Keywords: 926, house, all

Summary: The caucus of the whole received an update from Representative Kornheiser on House Bill 955, focusing on the Ways and Means amendment and how it aligns with Act 73 and the House Education Committee’s broader education transformation work. She said the amendment was assembled from separate pieces developed earlier in the session and covers three main areas: planned property tax updates, steps needed for the future education finance system and foundation formula, and policy changes to support collaborative education service agencies and district mergers. She emphasized that the bill is aimed at the future state of the system, with many provisions tied to later effective dates and pending reports. Kornheiser described the property tax provisions as further defining the new non-homestead/second-home classification so the Tax Department can continue form development and data collection before rates are set, and she said the bill also advances regional assessment districts and a more regular reappraisal cycle. On education finance, she said the amendment adds school construction and school debt provisions, reserve guidance, pre-K funding study language, special education funding protections, and transportation-related follow-up work so those pieces can fit the foundation formula. She also framed the bill as reducing cost drivers in the system, citing health care savings, reference-based pricing, mental health coordination, special education scale, deferred maintenance, and larger-scale school organization. During questions, members asked about merger support funding, transportation timelines, private equity ownership of school transportation, tuition restrictions for approved independent and public schools, and the timing and finality of the second-home tax definitions. Staff explained that merger support would be reimbursed through AOE for committee expenses and would not count against excess spending thresholds, that transportation and other grant categories will be addressed in future reports and decisions, and that the transportation study does not explicitly name private equity but could encompass staffing and cost issues. They also confirmed that the tuition-related provisions apply to approved independent, in-state public, and out-of-state public schools receiving tuition, but only when the foundation formula takes effect. No votes were taken during the caucus; the update was informational, with the bill noted as having been referred to Appropriations and expected to come up for action later in the week.

Transcript Highlights:

• The educators aren't doing a good job.
• As our students navigate the world of early adolescents, our work as educators is to create educational
• One key way has been through Gloucester education foundations or local education fund, but there have
• Close on testimony on H. 659, an act relative to equity inclusion in education.
• We save the students' educations.

Keywords: 995, all

Summary: The Joint Committee on Education heard testimony on several bills centered on school accountability, receivership, graduation requirements, charter school access, community schools, school libraries, and student voting rights. Much of the discussion focused on the Thrive Act, S. 374, which would end state receivership and change the state’s accountability approach. Supporters, including educators, parents, advocacy groups, and students, argued that receivership has not improved outcomes in districts such as Lawrence, Holyoke, Southbridge, Boston, and the Dever, and that local communities should have more control, with greater emphasis on community schools, wraparound services, and broader measures of school quality. They also supported related bills on community schools and school library standards, and several witnesses backed a bill to expand student representative voting rights on school committees. Opponents of S. 374, especially charter school leaders, parents, students, and some education advocates, focused on Section 4 of the bill, which would change the charter school net school spending cap in the lowest-performing districts. They argued that the provision would reduce access to charter seats in communities where families are seeking more options, and that schools such as Roxbury Prep, Excel Academy, Brook, Veritas Prep, and Libertas Academy have produced strong results for students, including students of color, low-income students, and students with special needs. Several witnesses said the section would force schools to shrink or close and would remove opportunities for families in districts with long waitlists. Committee members questioned witnesses on both the effectiveness of receivership and the charter school cap language. Chair Lewis and Chair Gordon emphasized the need for a better accountability system and noted concerns about whether current measures, including MCAS-based designations, accurately reflect school quality. Some witnesses said they had discussed the possibility of removing Section 4 from the Thrive Act and suggested it might be addressed in separate charter reform legislation. No votes were taken during the hearing; testimony was received and the committee later closed testimony on S. 374 and several related bills before moving on to the student voting rights bill, S. 367.