Transcript Highlights:

• Respectfully and humbly, we give that to you to help determine how to allocate these costs.
• The SB 254 study was supposed to evaluate how to equitably allocate catastrophe burdens.
• We could have wildfire bonds, wildfire bonds, second home assessments, tax assessments.
• The utilities all get money allocated for wildfire mitigation.
• Equitably allocate catastrophe burdens.

Keywords: 987, senate, all

Summary: The committee held the first of several informational hearings on the SB 254 Natural Catastrophe Resiliency Study, focused on wildfire risk, utility liability, and how to finance catastrophic losses. Chair Allen opened by describing California’s recent utility-ignited wildfires, the creation of the wildfire fund under AB 1054, and SB 254’s extension of that fund and requirement for a study. The California Earthquake Authority, as wildfire fund administrator, presented the report’s process and findings, emphasizing that the study was intended to be neutral and broad, based on extensive stakeholder outreach, and that the status quo is not working well for survivors, communities, ratepayers, insurers, or utilities. CEA’s report organized recommendations into three policy pathways: continued mitigation investment, more equitable allocation of catastrophe burdens, and expanded state roles in catastrophe financing. For utilities, the report discussed options such as setting a binding risk-tolerance standard, preserving safety certificate accountability, tying executive compensation more directly to safety, creating confidential reporting with safe-harbor protections, reforming utility liability including possible changes to inverse condemnation, limiting damages, reducing insurance subrogation, and creating a fast-pay facility for survivors. The financing analysis compared a more durable wildfire fund, risk transfer/reinsurance, liability reforms, and state-backed mechanisms such as a state insurer, a state backstop, and broader funding for community wildfire mitigation. The CPUC said wildfire mitigation oversight has improved, but wildfire-related costs are driving electricity bills higher and creating an affordability crisis. The Office of Energy Infrastructure Safety highlighted its wildfire mitigation plan review and field inspections, and recommended stronger safety reporting and more safety-weighted executive compensation. In member discussion, senators and assemblymembers focused on the cost of the status quo, whether the burden should be shared by ratepayers, utilities, the state, or other parties, and whether California should consider broader disaster-financing approaches. Several members raised concerns about inverse condemnation, the pace of survivor compensation, local land-use responsibility, and the need for a more comprehensive statewide solution rather than piecemeal bills. No votes or formal actions were taken; the hearing was informational only.

Transcript Highlights:

• Looking at line 49, there is an authorization for $100 million In housing infrastructure bonds.
• the Minnesota Housing Finance Agency general fund base numbers without the housing infrastructure bonds
• Last but certainly not least is the $100 million in housing infrastructure bonds.
• Housing infrastructure bonds are the state's largest source of capital for the development of housing
• It's often out the door within days of its quarterly allocation.

Transcript Highlights:

• This bill empowers the treasurer to allocate up to 10 percent of uncommitted funds, specifically from
• And traditional safe assets like bonds fail to outpace inflation, as we see today.
• Just as bonds once hedged equity volatility, Bitcoin now counters currency and fiscal risks.
• The bill enables the treasurer to allocate into Bitcoin with safeguards.
• The bill enables the treasurer to allocate into Bitcoin with safeguards.

Keywords: 995, all

Summary: The Joint Committee on Revenue held a hearing on 25 tax and administrative bills, with opening remarks explaining the hearing process and noting that House-filed matters must be reported by December 6. The first major topic was funding for the Massachusetts Law Enforcement Memorial and related support for families of fallen officers. Police representatives, memorial fund advocates, and family members gave emotional testimony urging favorable action on S. 1934 and related bills, emphasizing the need for a permanent revenue stream to maintain the memorial and honor officers killed in the line of duty. Committee members and legislators responded with personal remarks of support and appreciation for law enforcement families. The committee then heard testimony on a proposed Commonwealth Bitcoin Strategic Reserve, including S. 1967 and related bills. Senator Peter Durant and later Dennis Porter argued that the state should be allowed to invest a limited share of stabilization or other funds in Bitcoin or other regulated digital assets as a hedge against inflation and fiscal risk, with strict caps, custody rules, and audits. They described the proposal as a forward-looking, non-mandatory framework for diversifying state reserves. No vote was taken during the hearing. Another major topic was disaster resilience funding. Dr. Paul Biddinger of Mass General Brigham supported S. 1936/H. 3030, saying climate-driven flooding, drought, and wildfire risks are increasing and that the State Disaster Relief and Resiliency Trust Fund needs a dedicated revenue source. Senator Comerford also testified in favor, explaining that the fund was created in the prior session, that recent floods showed the need for quick state response, and that the bill would dedicate a portion of capital gains revenue to the fund. Committee members asked about how the fund would accrue and be used. The committee also heard testimony on PILOT and endowment-related bills: AICUM opposed H. 3122/S. 2013 and H. 3264/S. 2016, arguing that an endowment tax and mandatory PILOTs would harm private nonprofit colleges, students, and research; and a representative from Peru supported reform of PILOT formulas for state-owned land, saying rural towns need higher reimbursements and hold-harmless protections. The hearing concluded after testimony on the digital asset bills, with no recorded votes or final actions.

Transcript Highlights:

• The bond that this sales tax increase was set to finance—the bond was passed in the lame-duck session
• This bond was passed.
• have been very difficult for the town to make those bond payments.
• have been very difficult for the town to make those bond payments.
• Basically, it came down to, well, the bond is not going forward, so the case is moot.

Bills: HB2070, HB2129, HB2227, HB2439, HB2667, HB2745, HB2773, HB2825, HB2873, HB2876, HCR2005, HCR2044, SB1002, SB1036, SB1054, SB1271, SB1432, SB1435, SB1437, SB1439, SCR1022, SCR1031, SCR1033

Keywords: flood relief, Gila County, emergency funding, public safety, environmental cleanup, municipal libraries, annual reporting, state legislation, transparency, government accountability, chiropractic, chiropractor, chiropractic board, state board of chiropractic examiners, license discipline, unprofessional conduct, patient records, record retention, HIPAA, conflict of interest

Summary: The committee first heard SB 1036, which would tighten unemployment insurance eligibility by requiring five weekly work-search actions, weekly reporting to DES, cross-checks against outside data sets before payment, and employer reporting when former employees refuse work or return-to-work offers. The sponsor and supporters said the bill is aimed at reducing fraud and overpayments and encouraging faster reemployment, while DES said it was neutral but warned of implementation costs, added workload, and possible impacts on apprenticeship programs and appeals. After a technical amendment was adopted, the bill received a do-pass as amended recommendation on a 4-3 vote. The committee then considered SB 1054, a strike-everything amendment dealing with city and town emergency measures. The bill would make local emergency ordinances and resolutions subject to referendum, with a 30-day filing window and a ballot vote determining whether the measure remains in effect. Mayors and council members from Payson testified in support, describing repeated use of emergency clauses to pass tax and bond measures and arguing the practice undermines the constitutional referendum right; the League of Arizona Cities and Towns opposed the bill, saying it would defeat the purpose of emergency powers and slow city responses to true crises. The committee adopted the amendment and gave the bill a do-pass as amended recommendation on a 4-2 vote. Next, SCR 1022 was heard, proposing to increase the House from 60 to 90 members, with three House districts nested within each Senate district, subject to voter approval and delayed applicability. The sponsor argued the change would improve representation by reducing the number of constituents per legislator and make Arizona more in line with other states; some members raised concerns about cost, logistics, and the need for more study, while one public witness strongly supported the measure. After adopting an amendment delaying implementation from 2033 to 2043, the resolution received a do-pass as amended recommendation on a 5-2 vote. The committee also approved SB 1271, which would bar municipalities from penalizing businesses based on the number of emergency-service calls or the value of stolen or damaged property, with exceptions for malicious, knowingly false, or frivolous calls. Supporters said the bill protects businesses from being discouraged from calling 911, and the Goldwater Institute said it would preserve access to emergency services while still allowing action on false alarms; the bill passed 6-1. SB 1437, requiring public records to be provided in the least expensive manner possible and electronically when requested, also passed unanimously after testimony from Goldwater about high fees and delays for electronic records. Finally, the committee began hearing SB 1439, a strike-everything amendment creating a Conservative Grassroots Network special license plate and fund, but the transcript cuts off before testimony or action on that item.

Transcript Highlights:

• , with the new bonding package.
• We would be paying a separate debt for whatever we would bond with the bonding authority.
• So instead of paying 108 million on the 2003 bonds and whatever the new debt service on the new bonds
• Because the bonding authority allows for us to bond for projects as they're ready for construction.
• 320 million in severance tax bonds.

Keywords: 996, all

Transcript Highlights:

• Um, you know, Budget and Finance did say that there's challenges there with bond compliance and, you
• So we are requiring them to submit an annual report to the Legislature detailing internal allocations
• Um, you know, Budget and Finance did say that there's challenges there with bond compliance and, you
• So we are requiring them to submit an annual report to the Legislature detailing internal allocations
• Um, you know, Budget and Finance did say that there's challenges there with bond compliance and, you

Keywords: 910, house, all

Summary: The House Committee on Higher Education met on February 18, 2026, and heard four bills. HB 2519 would shift University of Hawaii funding toward block appropriations, a stabilization fund, limited procurement and fiscal exemptions, performance-based metrics, and annual reporting. UH supported the bill, saying line-item budgeting hampers systemwide efficiency across its 10 campuses; the State Procurement Office commented on the procurement exemption. The chair proposed amendments to address concerns from Budget and Finance and procurement, including capping UH’s retained funds at 10%, requiring lapse after three fiscal years, removing CIP-to-operating transfers, narrowing procurement exemptions while keeping Chapter 103B principles, shifting performance metric-setting to the Board of Regents, and requiring annual reporting. The committee then voted to pass HB 2519 with amendments. HB 2409 would establish the Hawaii Geological Survey in Hilo and designate its director as the state geologist. UH Hilo supported the concept but said it would need sufficient general-fund support, estimating roughly $200,000 to start. DLNR and the Attorney General offered comments, with the AG calling it a matter of statewide concern. The chair said the DNR testimony raised public safety concerns and that UH Hilo had not identified a firm funding amount, so the committee voted to defer the bill. HB 2141 HD1 concerned state enterprise zones and would expand eligible business activities and allow DBED to designate up to two areas as enterprise zones with gubernatorial approval. DBED, the Tax Foundation, and other organizations submitted support or comments. After discussion, the chair said the current version no longer fit the higher education committee’s focus and recommended reverting to the original bill, which would limit the zone to Kakaʻako Makai for a biomedical health innovation hub near JABSOM and the Queen’s Cancer Center, with a defective date. The committee voted to pass HB 2141 HD1 with amendments. HB 2233 HD1 would appropriate funds to continue the SNAP-Ed program through UH and the Department of Health. DOH supported the bill and said it had been working on nutrition education and environmental changes; it estimated about $600,000 each for DOH and SEAR, or $1.2 million total. Testimony in support also came from several organizations and individuals, including a senior advocate who described the program’s practical benefits. The chair said the committee would reflect the $600,000-per-entity estimate in its report, and the committee voted to pass HB 2233 HD1 as is before adjourning.

Transcript Highlights:

• <00:03:48.640> issue<00:03:48.920> for when they voted through a bond issue for when
• they voted through a bond issue for an<00:03:49.240> enhancement<00:03:49.840> on<00:03
• <00:03:56.440> to bond to bond to to<00:03:57.440> take<00:03:57.720> care<00:03
• <00:25:10.800> uh, the major maintenance allocation uh, the major maintenance allocation uh
• Um, the allocation in total is for their block grant dollars.

Bills: HB0034, HB0035, HB0036, HB0106

Keywords: HB0034, Wyoming retirement system, Wyoming Retirement Act, firefighter retirement, public employee retirement, retirement benefits, state pension, wildland firefighting, wildland firefighter, crash and rescue, Wyoming National Guard, Office of State Lands and Investments, Wyoming Retirement Board, correctional forestry crew, correctional crew supervisor, correctional forestry crew manager, general fund appropriation, state agency employees, service credit, benefit eligibility

Transcript Highlights:

• Many times, you know, that's done through bonding, and whatever that bond payment would be is incorporated
• They're pretty much done with their bonding now, and I don't expect them to issue any new bonds.
• Right now, our bonds are at 6% over 20 years. We'd be paying back our bond at $105 million.
• Depending on what our bonding rate is or how much of that $24 million we bond, we're looking at probably
• We're going to bond for that.

Summary: The Water Topics Overview Committee met with a quorum and received updates from the Department of Water Resources and the State Water Commission, followed by presentations from Deloitte on two legislative studies required by House Bill 1020. Director Reese Haas reviewed major project and budget updates, including the Northwest Area Water Supply and Southwest Pipeline projects, Resources Trust Fund balances, carryover spending, project prioritization, bid conditions, regional water system coverage, and department process improvements. Members also discussed how the commission prioritizes projects, maintenance expectations, and the impact of limited municipal water supply funding. No formal committee action was taken during the DWR update; the commission’s municipal funding decisions were described as pending its April 8 meeting. Deloitte then presented the cost-share policy study, which found that under current policy and forecasted revenues, North Dakota faces an estimated $1.3 billion shortfall over 14 years, with a near-term gap of about $1.8 billion through 2031. The firm outlined seven recommended options, including tighter definitions and a 25% cost share for eligible replacement projects, caps and financing strategies for the Mouse River and Red River Valley projects, aligning cost share with commission priority guidance, delaying lower-priority projects, using available lines of credit, and adjusting reimbursement timing for revolving loan funds. Committee members questioned inflation assumptions, affordability, user fees, and the use of legacy fund earnings for bonding, but no decisions were made. In the governance and finance study, Deloitte said final recommendations are still being refined, with a final report due May 29. The study examined the Southwest Pipeline, NAWS, and Red River Valley systems using governance and finance criteria such as decision authority, transparency, affordability, risk, and access to funding. For Southwest, Deloitte outlined options ranging from improved state-authority coordination to transferring ownership to the Southwest Water Authority; for NAWS, options focused on strengthening the authority’s role and potentially transitioning operations and maintenance; and for Red River, options ranged from enhanced facilitation to formal state oversight or state ownership. Members asked follow-up questions about ownership transfer, capital repayment streams, and why NAWS was not considered for transfer, and Deloitte said NAWS’s limited organizational maturity made that option less viable in the near term.

Transcript Highlights:

• <00:04:50.919> but<00:04:51.039> if Al the next quarterly allocation but if Al the
• We use bonding as a way to make payments now that we think will have a long lifetime of benefit.
• and housing infrastructure bonds are quite competitive.
• The state has allocated over $100 million in general obligation bonds and appropriations to the publicly
• over a 100 million in general allocated over a 100 million in general obligation<00:35:59.040> bonds

Keywords: 1183, house

Transcript Highlights:

• House Bill 1, the general appropriation bill, outlines how the state will allocate funds for the upcoming
• HB 3 just provides for the omnibus bond act. It just authorizes the bond usage for HB 2.
• This includes allocating money to the Louisiana Transportation Infrastructure Fund, Higher Ed Campus
• House Bill 314 provides for the distribution of the constitutionally mandated $90 million allocated to
• The annual allocation to local entities can be found on pages 40 through 43 of this bill.

Summary: Senate Finance met on May 21, 2026, with nine members present. The committee first recognized Mother Pearl Porter during a personal privilege presentation by Senator Boudreaux. It then took up the major budget measures for fiscal year 2026-27, beginning with HB 1, the general appropriation bill. The committee heard that the state budget was about $46.6 billion and that recent Revenue Estimating Conference revisions required reductions in recurring spending. Amendments removed new funding for GATOR and increased MFP amounts, while also directing Revenue Stabilization Fund dollars toward infrastructure, economic development, and local government needs. The committee adopted amendment set 4238 and reported HB 1 as amended, with authority for technical changes. The committee next considered HB 312, the supplemental appropriations bill for the current fiscal year. Members were told the amendments balanced the budget to the May REC forecast through a net reduction in state general fund spending, including savings in Medicaid and other agencies, while covering updated costs such as medical vendor administration, DCFS operations, DOC offender medical expenses, and disaster-related costs. Amendment set 4239 was adopted, and HB 312 was reported favorably as amended. HB 2, the capital outlay/infrastructure bill, was then amended with set 4230 and reported as amended. HB 3, the omnibus bond act authorizing bond usage for HB 2, had no amendments and was reported favorably. The committee also advanced HB 313, the funds bill, which includes the constitutionally required deposit of $144.3 million of FY 2025 surplus into the Budget Stabilization Fund and various transfers and fund adjustments. Amendments expanded or created several funds and mechanisms, including infrastructure and economic development-related funds, and HB 313 was reported favorably as amended. HB 314, the revenue sharing bill distributing the constitutionally mandated $90 million to local governments, was reported favorably without amendment. HB 383, the ancillary appropriations bill for fee-supported agencies, received amendment 3138 and was reported favorably as amended. HB 983, funding the judiciary, was amended to remove judicial pay adjustments and instead fund a possible transfer of the integrated criminal justice information system to the Supreme Court if SB 141 becomes law; it was reported favorably as amended. HB 1126, the legislative branch appropriations bill, was amended and reported favorably as amended. Finally, HCR 3, the hospital stabilization resolution used to support Medicaid hospital reimbursements, was amended to give LDH more flexibility on the timing of directed payments and preprint submissions, then reported as amended. The committee adjourned after a motion to do so.

Transcript Highlights:

• <00:26:48.880> of following that that direct allocation of following that that direct allocation
• <00:27:37.760> University<00:27:38.080> of allocated to uh the University of allocated
• branch administration of the allocation branch administration of the allocation of<00:48:44.160>
• <00:48:52.640> authority 82 expands the revenue bonding authority 82 expands the revenue bonding
• <01:25:12.480> of that shifts the county allocation of that shifts the county allocation of

Keywords: 1187, senate, all

Transcript Highlights:

• It's really a stupid way to allocate capital. Like, you wait.
• It's really a stupid way to allocate capital.
• Last year, our initial bond proposal received 42%.
• Last year, our initial bond center.
• And I believe she um dollar allocations.

Keywords: 928, house, all

Summary: The committee heard testimony on proposed improvements to the State Police gun range and related Public Works estimates. Department of Safety Commissioner Robert Quinn and Major Brendan Davy explained that the range is used for realistic, scenario-based training that includes vehicle work, movement, cover, elevation, and stress inoculation, and that it also supports requalification and special unit training for state, local, and federal partners. They said the current facility lacks running water, continuous power, and permanent restrooms, and that the PSTC range cannot accommodate rifles because its backstop is handgun-caliber only. Public Works Director Theodore Copper said the project estimate is $2.3 million, including $1.5 million for the building and site work plus soft costs, inflation, and design fees; he described the proposed building as basic, with office space, classrooms, restrooms, and HVAC. Committee members asked about the cost and scope, and Copper provided a breakdown of the estimate. The committee also heard from Commissioner Edelblute and Milford School District Superintendent Christy Misho regarding career and technical education capital funding. Edelblute urged the committee to include $10 million for the Milford CTE project, saying the district had reduced the scope after a prior bond vote and that the project would support high-demand workforce programs. Misho said Milford’s initial bond vote received 42 percent and the revised proposal received 56 percent, short of the 60 percent needed, but that the community still supports the project; she said the district plans to move forward with a CTE-only ballot and a smaller local bond. Committee members expressed concern about holding state funds for a project that has not yet won local approval, but said the request would be taken under advisement. In work session action, the committee corrected a prior vote on the Market Street Marine Terminal warehouse removal and office replacement project, increasing the appropriation by $353,300 to $1,973,300 and raising the agency subtotal to $4,155,300. The committee also accepted a motion to add $1.8 million for the community college system, including $1.3 million for critical maintenance and $500,000 for an energy management system. The committee then discussed a Fish and Game request for a $350,000 backhoe, with members debating whether it should be funded with general funds or other funds and whether the cost was excessive; no final objection was recorded in the portion provided. Later discussion also referenced the new parking garage project, with staff saying it is expected to be operational in March 2026 and fully completed by May or June 2026, with 409 spaces and a mix of assigned and open parking.

Transcript Highlights:

• Bonds and various other funding sources to get the cost down.
• We already have it allocated to 28 projects.
• Finally, on Senate Bill 1656, proposed amendments prior to the issuance of general obligation bonds:
• <00:47:57.960> dhhl General obligation ation bonds dhhl General obligation ation bonds dhhl
• to households with an income allocated to households with an income at<00:56:03.200> or<00:56

Keywords: 912, senate, all

Summary: The joint hearing focused primarily on Senate Bill 1409, which would cap county user fees charged to Department of Hawaiian Home Lands beneficiaries. Department of Hawaiian Home Lands supported the measure, arguing it would reduce monthly housing-related costs for lower-income beneficiaries and help make homesteading more affordable. Several testifiers, including the Tax Foundation of Hawaii and some individuals, also submitted comments or support. County and city water and sewer agencies, including the County of Kauai Department of Water, the City and County of Honolulu Department of Facility Maintenance, the Honolulu Board of Water Supply, and the City and County Department of Environmental Services, strongly opposed the bill, saying it would shift substantial costs to other ratepayers, create lost revenue, and could force fee increases for everyone else. They also raised concerns about the bill’s cap structure and potential misuse, while noting their systems are funded by user fees rather than taxes. During committee discussion, Honolulu Board of Water Supply officials estimated about 4,500 DHHL customers on Oʻahu and projected lost revenue of roughly $30 million to $36 million over five years, with larger cumulative impacts over time; they said any waiver would be absorbed by other customers. The County of Hawaiʻi representative estimated nearly 2,000 DHHL customers on the Big Island and about $2.4 million in annual lost revenue. DHHL responded that it is pursuing revenue-generating projects on unused lands, but members questioned whether the department should do more to generate its own revenue and suggested looking at other affordability mechanisms, including market rent on commercial properties or a similar cap on other beneficiary fees. After hearing the testimony and discussion, the committee chair announced the recommendation to defer SB 1409 indefinitely, and the Committee on Energy and Intergovernmental Affairs agreed with that decision. The hearing then moved to Senate Bill 1408, a housekeeping measure. DHHL testified in support, saying the bill was part of an effort to lower housing costs through a modular manufacturing approach. DHHL described plans to use an unused hangar at Kalaeloa for a potential modular housing manufacturing plant, including discussions with the University of Hawaiʻi and a Denver-based company, and said it was also exploring a pilot project with Habitat for Humanity on Maui. No vote or final action on SB 1408 was taken in the portion of the transcript provided.

Transcript Highlights:

• Outstanding revenue bonds that do not get paid, and that means that those revenue bonds impact credit
• Transportation bonding bill.
• what the bonding capacity allowed is?
• doing a bond.
• We've allocated $50 million. We've allocated $50 million for wildlife corridors. Ms.

Bills: HM3, HM11, HM14, HM15, HM21, HM25, HB9, SB2, SB19

Keywords: nurses, health care workers, healthcare workers, frontline workers, hospital staff, clinicians, allied health professionals, support staff, public health, workforce shortage, nursing shortage, safe staffing, patient safety, rural health care, frontier communities, behavioral health, mental health, substance use disorder, substance abuse, health care memorial

Transcript Highlights:

• It's all large cap domestic, and then 30% is allocated to the intermediate government credit bond market
• <00:07:28.160> portfolio equity side, but the bond portfolio equity side, but the bond portfolio
• , system, much different asset allocation, system, much different asset allocation, more<00:38:37.040
• <00:39:18.079> work that's where the asset allocation work that's where the asset allocation
• <00:40:14.480> doing allocate s asset allocation in doing allocate s asset allocation in doing

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:

• and a housing bond last year.
• The department issues bonds, revenue bonds, and then those are paid back by the water contractors.
• The department will issue revenue bonds, and they will begin to repay those revenue bonds.
• One relates to bond, and one relates to cost.
• DCA will be following the same process for the State Water Project bonds, and that means that the bonds

Summary: The hearing opened with budget framing from the chair and the LAO, who said the May Revision addresses roughly a $14 billion budget problem and that the environment and transportation subcommittee’s proposals account for about $1.9 billion of the solution. The LAO urged members to focus on solutions that do not worsen out-year deficits, to preserve reserves, and to defer major policy changes that are not necessary to pass the budget, including the newly introduced water-related trailer bills. Members also raised concern about a late-dropped Olympic-related trailer bill, which the LAO likewise suggested should be deferred for fuller review. The first major item was the Delta Conveyance Project and related water quality control plan trailer bills. The administration argued the proposals would streamline permitting, water rights proceedings, judicial review, and land acquisition, and would clarify DWR’s bond authority for the project. DWR said the project is needed to protect water supply reliability against drought, earthquakes, sea level rise, and other climate-related disruptions, and that the tunnel would help move water when conditions are wet and safer for the environment. Committee members from both parties questioned the timing, the use of budget trailer bills for major policy changes, the scope of the CEQA and water-rights changes, the lack of a bond cap, cost growth, and eminent domain protections. The LAO recommended deferring both water trailer bills without prejudice. Public comment was sharply divided, with labor, water agencies, and some business groups supporting the project as climate adaptation and reliability infrastructure, while environmental, tribal, fishing, county, and community groups opposed it as an attempt to bypass public process and weaken protections. The committee then briefly heard the DMV’s Digital Experience Platform fee trailer bill, which would reinstate a $1 system improvement fee to help fund the vehicle-registration phase of the project. DMV said the fee would raise about $7 million annually and offset roughly $59 million to $60 million of project costs, while the LAO noted it would help but would not solve the Motor Vehicle Account’s broader structural gap. The hearing then moved to California High-Speed Rail, where the new CEO presented an updated plan and said the project remains a major climate and infrastructure investment. He reported a revised Merced-to-Bakersfield cost range of $34.9 billion to $38.5 billion, said the agency is trying to reduce risk through direct procurement of materials, and argued that stable annual funding is needed to avoid higher costs from delays.

Transcript Highlights:

• We also will allocate another $911 million in assistance to communities across Texas.
• It will be covered by revenue generated by bond proceeds and other assessed fees.
• Two FTEs that were allocated for. 902? Yes, sir. So less than 1,000? Yes, sir.
• These are oil and gas severance tax related allocations to the state highway fund.
• revenue bonds Texas Mobility Fund bond programs for a net decrease of $67.2 million.

Keywords: 1184, house, all

Transcript Highlights:

• , a housing bond last year.
• bonds, and then those are paid back by the water contractors.
• and they will begin to repay those revenue bonds.
• for the state water project bonds and that that means that the bonds are not backed by the state nor
• For cycle 7, the district is seeking an allocation this summer.

Keywords: 988, house, all

Transcript Highlights:

• These are allocations from state sales tax and motor vehicle sales and rental taxes.
• , and $1.9 billion in motor vehicle sales tax allocations for the 27th biennium.
• This is an estimate of 5 billion sales tax allocations and 1.3 billion sales tax allocations for the
• Page 6 provides a summary of the bond debt service.
• The recommendations and status of the bond 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:

• The accrediting body, KOKA, for DO schools requires effectively an insurance account or a bonded bond
• The accrediting body, KOKA, for DO schools requires effectively an insurance account or a bonded bond
• <00:04:06.480> uh<00:04:06.720> a<00:04:06.959> bond insurance account or a
• bonded uh a bond insurance account or a bonded uh a bond that's<00:04:07.680> pledged<00:04:08.480
• <00:24:35.440> and fully funded by federal allocation and fully funded by federal allocation

Keywords: 958, all

Summary: The House Budget Review Subcommittee on Postsecondary Education met to begin hearing budget requests from Kentucky universities. Eastern Kentucky University President David McFaden highlighted EKU’s enrollment growth, its large population of Pell-eligible and first-generation students, and its role in producing graduates for Kentucky’s workforce, especially in health care, public safety, manufacturing, engineering, and aviation. He said EKU is seeking support for a Center for Health Innovation, including a doctor of osteopathic medicine program, with a $50 million accreditation escrow and startup funding that would be returned to the state after accreditation. He also described EKU’s health programs, which have strong pass rates and high in-state employment outcomes, and said the university wants continued asset preservation funding, inflationary operating support, and other recurring budget items. McFaden also outlined EKU’s aviation request, including $10 million for new aircraft and support for an enhanced air traffic control program created in response to a legislative study. He said the program would enroll cohorts of about 30 students, likely attract out-of-state students, and require a $5 million startup investment plus $1.5 million in annual recurring support. He added that EKU’s lab school is seeking a revised funding model tied to enrollment rather than a flat mandated amount. Committee members asked follow-up questions about the medical school escrow, aircraft needs, and program capacity, and McFaden clarified that the escrow would remain intact until accreditation and then be returned to the general fund. Kentucky State University President Kakpo then reviewed prior capital support that helped repair a dorm and several leaking roofs, and said the university is still addressing campus infrastructure problems. He said KSU’s main request is a new health sciences building to house its growing nursing program and language program, along with $40 million for additional dorm renovations and a carve-out for its aquaculture program. Kakpo said the aquaculture PhD proposal would be federally funded and could bring in more revenue, while the new building would help relieve overcrowding and support KSU’s research role. In response to questions, he said KSU’s campus housing capacity would be about 1,334 beds if all dorms were repaired, and that the university is rotating students through renovated buildings while trying to keep them on campus. Committee members also raised safety concerns about the December campus shooting at KSU. Kakpo said the incident was isolated, expressed sympathy for the families affected, and said the university has reviewed campus procedures, added police and security positions, and is strengthening safety processes. The meeting did not include any votes or formal actions; it was a budget presentation and question-and-answer session.