Video & Transcript Research : 'actuarial study'
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TX
Texas 89th Regular
Trade, Workforce & Economic Development Apr 9th, 2025
Trade, Workforce & Economic Development
Transcript Highlights:
- This study is a step toward realizing that universally agreed-upon goal.
- Report, rate study, and child care cost of quality study.
- Why do we continue to study and not take action?
- Those data points would be included in the next requirement in this study.
- pet... of study that's many pages long, and it shows the operating margin per square foot.
Bills:
HB74, HB175, HB460, HB576, HB2271, HB2294, HB2874, HB3016, HB3133, HB3191, HB3458, HB3929, HB4063, HB4115, HB4394, HB74, HB175
Keywords:
Puerto Verde, Port Authority, eminent domain, bonds, tax assessments, economic development, infrastructure, transportation, public welfare, child care, certifications, Texas Rising Star Program, grant program, disability inclusion, family income, affordability, economic impact, state study, cost analysis, government support
TX
Texas 89th Regular
Trade, Workforce & Economic Development Apr 9th, 2025
Trade, Workforce & Economic Development
Transcript Highlights:
- In 2023, Pew Research Center study found that 85% of Americans are concerned about the ability to distinguish
Bills:
HB74, HB175, HB460, HB576, HB2271, HB2294, HB2874, HB3016, HB3133, HB3191, HB3458, HB3929, HB4063, HB4115, HB4394, HB74, HB175
Keywords:
Puerto Verde, Port Authority, eminent domain, bonds, tax assessments, economic development, infrastructure, transportation, public welfare, child care, certifications, Texas Rising Star Program, grant program, disability inclusion, family income, affordability, economic impact, state study, cost analysis, government support
TX
Transcript Highlights:
- strengthening our energy infrastructure. and preventing future crises. to conduct a comprehensive study
- And a study of their impact on transmission networks, grid stability, and retail customers will provide
- A study conducted after Winter Storm Erie found that an additional 1,000 megawatts... megawatts of transmission
- Last year, Texas 2036 released a study with the office of state climatologist on Texas historic, and
Keywords:
emergency communication, infrastructure, first responders, grant program, interoperability, Texas Interoperability Council, local governments, HB 143, Texas Railroad Commission, Public Utility Commission of Texas, Natural Resources Code, oil and gas, well site, surface facility, electrical power line, National Electrical Code, NEC, electrical safety, utility disconnect, service disconnection
TX
Transcript Highlights:
- conversations with the utility, one of the ideas that has come forward. is that they can do a value of solar study
- In 2024, we published a study of solar compensation rates and fees at 127 of the 141 non-competing. in
- A value of solar study is valuable.
- , but I don't see the concern with opening the opportunity to have a conversation about this and studying
Keywords:
emergency communication, infrastructure, first responders, grant program, interoperability, Texas Interoperability Council, local governments, HB 143, Texas Railroad Commission, Public Utility Commission of Texas, Natural Resources Code, oil and gas, well site, surface facility, electrical power line, National Electrical Code, NEC, electrical safety, utility disconnect, service disconnection
AL
Keywords:
criminal procedure, split sentencing, probation, Class A felony, Class B felony, minimum confinement, custodial sexual misconduct, sexual misconduct, inmate abuse, prisoner exploitation, correctional staff, jail staff, detention center, probation officer, parole officer, Department of Corrections, Department of Youth Services, sheriff, county jail, municipal jail
NH
New Hampshire 2026 Regular Session
Senate Health and Human Services (03/04/2026)
Health and Human Services
Transcript Highlights:
- Senator Birdsell moves interim study. Senator Bzel moves interim study.
- but I will support the income study. but I will support the income study.
- I'll move interim study on that. I'll move interim study on that.
- >> So motion to interim study. >> So motion to interim study.
- So, motion to interim study. >> Right. So, motion to interim study.
NH
New Hampshire 2025 Regular Session
House Finance Division I (03/11/2025)
Transcript Highlights:
- I don't know if they have to send it back to the actuary, because what the actuary does is look at what
- they have to send it back to the actuary they have to send it back to the actuary because<01:22:
- the ACT what the actuary does is look<01:23:01.120>
at <01:23:01.280>what <01:23:01.400 - The actuaries will have detailed numbers, but generally that’s kind of how it works.
- The actuaries will have detailed numbers, but generally that’s kind of how it works.
Summary:
The committee first heard from the Department of Labor on several House Bill 2 sections. Members discussed raising the annual elevator certificate fee, which had been $50 since at least fiscal year 2014; the commissioner said the Inspection Division generates more revenue than its costs, and members agreed to amend the fee to $75 and later voted unanimously to accept Section 137. The department also explained a proposed change to civil penalty/warning language in Section 139 to align enforcement across labor laws; that section was accepted unanimously. The commissioner then gave a detailed overview of the second injury fund, describing how it is financed by assessments on insurance carriers, how claims are reviewed for reimbursement, and how the fund is intended to reimburse certain workers’ compensation costs. Members questioned whether the program still serves its original purpose, whether it is revenue-neutral, and whether it should be sunset; the department said the fund is a mixed bag for the state and industry, but no sunset language was adopted. Sections 140 and 141 were then accepted unanimously.
The committee next heard from the Judicial Council on Sections 125 through 127. The witness said the changes would streamline payment for indigent defense services other than counsel, reduce the number of bills requiring judge review, and expand the council’s ability to contract with providers for services such as translation and evaluations. He also explained a proposed fail-safe allowing the executive director to decline to process questionable invoices and send them to a judge instead. Members generally supported the streamlining, and Sections 125 through 127 were accepted unanimously.
Toward the end of the discussion, members asked about the cost impact of changing the misdemeanor/felony threshold from $1,000 to a higher amount. The Judicial Council said felony cases are significantly more expensive than misdemeanors because they involve more hearings, more discovery, and more attorney time, with assigned felony cases costing several times more on average. No action was taken on that question in the excerpt.
AL
Alabama 2025 Regular Session
Alabama House Fiscal Responsibility Committee Feb 19th, 2025
Fiscal Responsibility
Transcript Highlights:
- It won't be that because their actuaries at RSA cannot define a classroom teacher; they just tend to
- Has there been any study to see if that will increase or decrease the amount of funding in the system
Keywords:
athlete agents, commission, state regulation, Alabama, higher education, athletics, membership diversity, catastrophe savings account, catastrophe fund, storm savings, disaster savings, hurricane, windstorm, floodwaters, hail, tornado, property insurance, homeowners insurance, insurance deductible, FORTIFIED
FL
Transcript Highlights:
- Following graduation, Zyla plans to pursue graduate studies at Columbia University to further develop
- After postgraduate study, he wants to go to law school, hoping to stay here in the great state of Florida
- We found her to be dedicated to her duties and her studies.
- She's studying interdisciplinary studies and social science with an emphasis on public policy.
- Daniel plans to study for the LSAT during the summer and apply to law school.
Summary:
The Senate opened with prayer, the Pledge of Allegiance, and a series of recognitions for interns, staff, and guests. Members also honored retiring Senate staffer Susan Miller and recognized a veteran injured in combat. After routine announcements, the chamber moved to returning messages from the House and began taking up bills and amendments.
The Senate concurred in House amendments and passed SB 118 on RV park assessments and SB 572 on ethics for public officers and employees, both by 38-0 votes. It then took up the elections bill, CS/CS/HB 991, which drew extensive debate. Supporters said it would strengthen election integrity by tightening citizenship verification and ID rules; opponents argued it would burden eligible voters, especially students, seniors, disabled voters, and others without the newly required documents. The bill passed 27-12. The chamber also passed the education package SB 182 after adopting a Senate amendment to the House amendment, and approved SB 474 on military affairs, SB 425 on historic cemeteries, HB 929 on local regulation of chickees, and HB 35/SB 1370 on habitual traffic offender designation, all with unanimous or near-unanimous votes.
The Senate then considered SB 902/ HB 733, the Department of Health package. Members adopted an amendment and amendment-to-amendment that preserved most Senate provisions while modifying or removing several House additions, including some early steps and medical marijuana-related changes, and the bill passed 37-0. The chamber also began work on HB 905, the foreign influence bill, with a strike-all amendment offered to expand restrictions on foreign influence, sister-city agreements, linkage institutes, and related activities, but the debate on that measure was still underway when the transcript ended. Several other returning messages and bills were temporarily postponed, and the Senate recessed briefly before resuming business.
MN
Minnesota 2025-2026 Regular Session
Legislative Commission on Pensions and Retirement - 03/03/26
Minnesota Senate Floor Meeting
Transcript Highlights:
- requirements while correcting actuarial requirements while correcting a<01:04:33.280>
real <01 - Chair, Representative Doe, in my opinion as an actuary, this proposed change is not fair. >> Okay?
- ,<01:35:44.560>
uh <01:35:44.719>this my opinion as an actuary, uh this my opinion - as an actuary, uh this proposed<01:35:45.440>
change <01:35:45.679>is <01:35:45.920> - You know, I'm looking for the actuarial answer.
TX
Texas 89th Regular
Delivery of Government Efficiency Mar 5th, 2025
Delivery of Government Efficiency
Transcript Highlights:
- it's called an experience study every four years.
- Houston website around the efficiency study page.
- Have you ever done a study on that or looked to see?
- So I do think a study of some form is warranted.
- There's one from Tennessee, the Tennessee Volley Study.
ND
North Dakota 2025-2026 Regular Session
Senate State and Local Government Apr 10th, 2025 at 09:00 am
State and Local Government
Transcript Highlights:
- So the bill that we actually have in front of us, 1580, is a study on employee comp. When Ms.
- So would our intent be then that we would study, or that we'd have this study look at, all compensation
- existence that we can broaden the scope of this study.
- So we also studied that kind of thing, but that's a much, much more in-depth study than, I mean, that's
- But I think that's part of the study.
Summary:
The State and Local Government Committee met to reconsider and amend House Bill 1165, which dealt with petition circulation requirements and ballot receipt rules. The committee walked through technical changes requested by the Secretary of State’s office, including moving petition-title language, adding a 15-business-day submission deadline for petition packets, and revising language related to mailed absentee ballots and the presidential executive order requiring ballots to be received by election day rather than merely postmarked. The State Election Director explained that the change was intended to provide clarity and consistency for voters and election officials, while Senator Braunberger objected that it was an unnecessary reaction to an executive order that could be challenged. The committee adopted the amendment 5-1 and then passed the bill as amended on a 5-1 vote, with Senator Braunberger voting no.
The committee then took up House Bill 1307, which concerned election authority, home rule powers, and related city and county petition/signature provisions. After questions from members and clarification from the Deputy Secretary of State and a League of Cities representative, the committee agreed the amendment was intended to preserve city petition power and align the bill with changes made in another election bill, while also addressing park district language. The amendment was adopted 6-0, and the bill was passed as amended 6-0. Senator Castaneda was designated as the carrier.
Finally, the committee discussed House Bill 1580, a study bill on state employee compensation. Members used language from an earlier draft tied to health plan changes and broadened it to study total rewards compensation, including pay grades, classifications, comparisons among state employees across departments and with similar private-sector jobs, equity funding and bonuses, prevailing wages on state projects, and the impact of changes to health plan benefits and premium structures. The committee agreed to make the language more generic and adopted the amendment 6-0, then passed the bill as amended 6-0. House Bill 1601 was not acted on and was held until after floor session so members could continue discussions and await additional input.
MN
Minnesota 2025-2026 Regular Session
Legislative Commission on Pensions and Retirement - 04/07/26
Minnesota Senate Floor Meeting
Transcript Highlights:
- The [clears throat] ability to propose lower contribution rates comes from an updated experience study
- Our scorecard shows this ratio of... updated experience study which updated experience study which significantly
- to use, but I believe it was in 2018 we moved some of the assumptions to the LCPR standards for actuarial
- <00:23:57.240>
Um <00:23:57.640>and <00:23:57.800>so, standards for actuarial - Um and so, standards for actuarial work.
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 7 on Accountability and Oversight Aug 20th, 2025
Transcript Highlights:
- Second thing is that we had a national study done, and it estimated that overall low-income people will
- we're missing the point here when we talk about requiring able-bodied adults in Medicaid to work, study
- In that same study, it does lump together the tax and the benefit and the other changes, but for the
- I mean, I think from that same study we could probably get a number for what you're looking at.
- If it means anything to you, the studies I've read suggest 90% of the top 10%—of the top 10%—of the top
Summary:
The Assembly Budget Subcommittee on Accountability and Oversight held its fifth hearing of the year to examine the newly enacted federal H.R. 1 and its effects on California. Members and the chair described the law as a major threat to state health, food, education, and climate programs, and emphasized that California would not be able to fully backfill the federal cuts. Several members also highlighted the bill’s tax provisions, including temporary deductions for tips, overtime, seniors, and auto loan interest, while warning that the largest benefits flow to higher-income taxpayers and that major cuts to Medi-Cal, CalFresh, and clean-energy incentives are delayed or phased in over time.
The Legislative Analyst’s Office and the Department of Finance presented detailed overviews of the bill’s likely impacts and implementation timelines. They identified the main affected areas as health care coverage and financing, food assistance, higher education, personal income taxes, and clean-energy/electric-vehicle credits. They explained that H.R. 1 limits provider taxes used to finance Medi-Cal, adds work and redetermination requirements, restricts CalFresh eligibility and increases state costs, changes student loan and Pell Grant rules, extends and modifies federal tax provisions, and phases out many clean-energy credits. Finance also noted major rescissions of Inflation Reduction Act funds, new border and immigration enforcement spending, and the possibility of PAYGO sequestration if Congress does not act to offset the deficit increase.
During member questions, the committee focused on likely enrollment losses, administrative burdens, and fiscal exposure for the state and counties. Witnesses said many details still depend on federal guidance, but they estimated significant impacts on Medi-Cal, CalFresh, and graduate/professional student borrowing, and noted that California’s high CalFresh error rate could increase state costs. UC testified that the elimination of Graduate PLUS loans would affect thousands of professional students, especially in health, law, and other high-cost programs. Members asked for follow-up data on county, health, and tax impacts, and staff agreed to provide additional tables and estimates as implementation guidance becomes clearer.
Public commenters from counties, early childhood advocates, health coalitions, disability rights groups, immigrant-rights organizations, and other stakeholders urged the Legislature to mitigate the law’s effects. They warned of higher county costs, reduced access to health care and food assistance, increased administrative burdens, and harm to children, immigrants, people with disabilities, and low-income families. Several urged new state revenue solutions and stronger protections for Medi-Cal, CalFresh, child care, and home- and community-based services. No votes were taken; the hearing was informational and ended with a commitment to continue monitoring federal guidance and to work on state responses in the budget process.
MN
Minnesota 2025-2026 Regular Session
House Commerce Finance and Policy Committee 3/25/25
Commerce Finance and Policy
Transcript Highlights:
- So Commerce commissioned a study.
- So Commerce commissioned a study.
- So Commerce commissioned a study.
- So Commerce commissioned a study.
- and they gave you a 39-page Actuarial and they gave you a 39-page Actuarial report<00:19:32.000>
Keywords:
Medicare, health insurance, supplement policies, preexisting conditions, medical assistance, premium classification, real estate, appraisers, disciplinary actions, sanction matrix, Minnesota Statutes, continuing education, out-of-state, licensing, commerce, fraud prevention, automobile theft, law enforcement, insurance crimes, 1183
LA
Louisiana 2026 Regular Session
House of Representatives May 12th, 2026
Louisiana House Floor Meeting
Transcript Highlights:
- Statewide study. Okay. Yeah. And... ...every parish and every statewide study.
- So from the information in the study, the study is accurate.
- So from the information in the study, the study is accurate.
- , structural studies, mechanical studies, electrical studies, or plumbing studies.
- Representative McMakin: Electrical studies or plumbing studies.
Bills:
HR265, HR266, HR267, HR268, HR269, HR270, HR271, HR272, HR273, HCR107, HCR108, HCR109, HCR110, HCR111, HR257, HR258, HR259, HR260, HR261, HR262, HR263, HCR105, HCR106, SCR30, SB57, SB157, SB202, SB237, SB276, SB450, SB465, SB501, SB525, HR3, HR80, HR197, HR243, SCR5, SCR35, HB4, HB623, HB944, HB986, HB1098, HB1222, SB34, SB164, SB172, SB198, SB208, SB232, SB281, SB286, SB317, SB322, SB334, SB380, SB385, SB409, SB417, SB421, SB430, SB439, SB447, SB458, SB510, SB398, HB646, HR84, HR188, HR205, SCR19, SCR3, SCR6, SCR18, SCR11, SCR22, SCR2, SCR20, SCR24, HCR6, HB301, HB359, HB657, HB675, HB680, HB727, HB302, HB819, HB1257, HB1258, SB8, SB10, SB11, SB12, SB13, SB14, SB16, SB17, SB18, SB20, SB21, SB22, SB40, SB48, SB55, SB69, SB75, SB77, SB78, SB85, SB102, SB115, SB133, SB140, SB148, SB151, SB165, SB169, SB170, SB185, SB197, SB200, SB217, SB235, SB278, SB280, SB291, SB300, SB303, SB315, SB324, SB330, SB411, SB416, SB420, SB436, SB438, SB449, SB455, SB456, SB477, SB489, SB521, SB45, SB58, SB71, SB81, SB92, SB100, SB109, SB141, SB156, SB181, SB203, SB204, SB205, SB207, SB213, SB214, SB216, SB229, SB257, SB274, SB290, SB304, SB374, SB379, SB396, SB410, SB425, SB427, SB429, SB479, SB522, HCR72, HB633, HB603, HB940, HB251, HB775, HB998, HB1191, HB625, HB1255, HB901, HR20, HR74, HCR65, HCR71, HB284, HB306, HB341, HB366, HB393, HB458, HB577, HB582, HB605, HB614, HB733, HB752, HB773, HB798, HB911, HB955, HB996, HB1035, HB1069, HB1113, HB1140, HB1180, HB1240, SB82, SB89, HB258, HB842, SB149, SB382, SB441
Keywords:
Pineville High School, Lady Rebels, softball, LHSAA, Louisiana High School Athletic Association, Class 5A, state championship, high school sports, student athletes, commendation, resolution, athletics, girls softball, championship team, Pineville, school recognition, sportsmanship, coach Allison Frye, Louisiana legislature, House Resolution
MN
Minnesota 2025-2026 Regular Session
Minnesota House passes commerce policy, finance bill during special session 6/9/25
Minnesota House Floor Meeting
Transcript Highlights:
- finding out where we stand, we found out from the various insurance companies and through their actuarial
- various insurance companies and through various insurance companies and through their<00:07:35.759>
actuarial - review<00:07:36.639>
what <00:07:36.880>we <00:07:37.039>thought their actuarial - review what we thought their actuarial review what we thought that<00:07:37.360>
the <00:07:37.520
KY
Kentucky 2026 Regular Session
House Legislative Session Day 34 (2-25-26)
Kentucky House Floor Meeting
Transcript Highlights:
- And there has been an actuarial showing very little to no impact on the current actuary.
- And there has been an actuarial showing very little to no impact on the current actuary.
- Uh so with that being current actuary.
- This bill was presented to PPOB and the actuarial analysis showed a negligible impact.
- a and the actuarial analysis showed a negligible<01:34:41.120>
impact.
Summary:
The House convened with an invocation and the Pledge of Allegiance, then established a quorum with 96 members present. The chamber excused absent members, suspended rules to allow bill and resolution co-sponsorship and vote modifications, approved the previous day’s journal, and received Senate messages announcing passage of Senate Bills 101, 129, 162, and 170. The clerk then reported second-reading bills and favorable committee reports, which were ordered to first reading and placed on the calendar.
The House then took up several bills on third reading. House Bill 521, relating to stalking, was presented as a modernization of Kentucky’s stalking laws and passed 95-0 after debate; a motion to reconsider was tabled. House Bill 220, relating to pension spiking in the Kentucky Public Pensions Authority systems, was amended by House floor amendment 1 to move the effective date back to July 1, 2021 to capture additional employees, then passed 95-0 and the clincher was applied. House Bill 510, relating to organ donation safety, passed 97-0 after explanation that it would require a pause and restart if anyone in the process believed there were indications of life.
House Bill 467, relating to real property, passed 96-0 after adoption of a committee substitute; it creates a process for local governments to identify abandoned or underutilized state-owned property and sets procedures for review, notice, and disposal. House Bill 190, relating to licensed child care centers, passed 96-0 after a committee substitute that adjusts square-footage calculations for certain school-aged child care areas and excludes infants and toddlers. House Bill 141, relating to type 1 diabetes, passed 96-0 after a committee substitute removed an annual distribution requirement and instead made informational materials available in school offices; members spoke in support, including one describing a family experience with the disease.
House Bill 518, relating to collection of local business taxes and fees, passed 91-3 after a committee substitute that allows electronic filing while preserving local control, creates an advisory committee, and phases in implementation through July 2029. House Bill 497, relating to post-secondary tuition waivers, was explained as addressing waiver costs to universities and was amended with House floor amendment 3 to expand and clarify eligibility, including up to 128 hours for eligible students and additional provisions for certain groups; discussion was underway when the transcript ended. The meeting also included committee reports on bills covering wildlife depredation, light pollution, limited commercial driver’s licenses, prison educational programs, civil rights, respiratory care, dietitians, temporary structures, controlled substances prescribing authority, the Athletic Trainer Compact, children of military families, local boards of education, youth health services, and class sizes for exceptional children and youth.
TX
Transcript Highlights:
- on the feasibility of that statewide study on the regional acute psychiatric bed registry.
- According to a comprehensive study commissioned by the U.S.
- I've been reading the Cleveland Clinic study that just recently came out.
- Maybe we should, and we should follow the studies, we should do things that are based on the studies.
- And that is a And we should follow the studies, we should do things that are based on the studies.
Bills:
SB227, SB269, SB407, SB463, SB527, SB547, SB1283, SB1380, SB1383, SB1511, SB1640, SB1784, SB2069
Keywords:
school funding, education reform, state budget, property taxes, equity in education, healthcare policy, vaccines, exemptions, religious beliefs, public health, workplace violence, healthcare facilities, definition expansion, safety regulations, health and safety code, health insurance, anesthesia, pediatric dental services, coverage, medical necessity
Summary:
The Senate Committee on Health and Human Services met with several members initially absent, then later established a quorum. The committee heard multiple bills, with most testimony focusing on access to care, insurance practices, senior safety, and health care worker protections. Several bills were laid out with committee substitutes, and public testimony was limited to two minutes per witness. Most bills were left pending after testimony, with no final votes taken in the portion provided.
Senate Bill 2069 would create a work group to study the feasibility of a statewide acute psychiatric bed registry; the substitute shifts appointment authority to the Health and Human Services Commissioner and extends reporting and sunset dates. Senate Bill 463 would expand workplace violence protections to additional hospice, home and community support, intermediate care, and state-supported living center settings. Senate Bill 1283 would require background checks and transparency measures for senior retirement communities after testimony about the Dallas-area serial killings of elderly residents. Senate Bill 1784 would require 60 days’ written notice before medical debt is sent to collections. Senate Bill 527 would require medical insurance coverage for general anesthesia for medically necessary pediatric dental procedures for children under 13 with qualifying conditions; pediatric dentists testified that denials delay needed care.
A major portion of the meeting centered on prior authorization. Senate Bill 1380 would eliminate prior authorization for a broad list of services, including emergency, primary, mental health, substance use, chemotherapy, preventive, pediatric hospice, and certain chronic-condition care. Physicians and hospice advocates supported the bill, describing delays, administrative burden, and patient harm, while health plans opposed blanket exemptions and argued prior authorization helps prevent unnecessary care and control costs. Relatedly, Senate Bill 547 would require insurers to report gold-card prior authorization exemptions to TDI and create a centralized database and annual report; TMA supported better tracking, while health plans warned of duplicative reporting and administrative cost. Senate Bill 407 would require health care facilities to honor conscience- and religion-based vaccine exemptions for employees, with testimony from a physician and vaccine-choice advocate supporting the bill.
The committee also heard Senate Bill 1383, which would regulate senior living referral agencies, allow more flexible compensation structures, and add disclosure and consumer protections; an out-of-state referral company and A Place for Mom supported it. Senate Bill 1511 would allow freestanding emergency centers to provide outpatient services in addition to emergency care, with consumer protections such as estimates, limits on facility fees, and restrictions on balance billing. The chair repeatedly announced that bills were being left pending after testimony, and no final committee action or recorded votes were taken in the transcript provided.
NH
New Hampshire 2025 Regular Session
House Ways and Means (01/27/2025)
Transcript Highlights:
- Our actuaries assess rates, looking through two specific tests.
- First, are the rates actuarially sound?
- assess rates looking through actuaries assess rates looking through two<03:08:16.439>
specific - <03:08:21.279>
sound first is are the rates actuarially sound first is are the rates actuarially - <03:55:50.159>
have party we can see what our actuaries have party we can see what our actuaries
Summary:
The meeting featured presentations from the Department of Administrative Services and the Treasury Department on state revenue reporting and unclaimed property. State Comptroller Dana Call explained DAS’s role in compiling statewide revenue reports, including the annual revenue plan set through the budget process and the monthly revenue focus reports that track cash receipts. She noted that unrestricted general fund revenue is about $2 billion annually, while miscellaneous other revenue is a much smaller and less predictable category, averaging roughly $30 million to $32 million a year. She also described two more material internal revenue lines: statewide indirect cost recoveries and post-retirement benefit recoveries, which are billed to agencies and often tied to federal reimbursement rules.
Members asked about the interest line in the revenue charts and about how the figures were presented, and Call clarified that the totals were in millions and that the interest item would be explained by the Treasurer. She also explained that the indirect cost and post-retirement recoveries are internal cost allocations that flow back into the unrestricted revenue pool and are reflected in agency budgets as interagency costs.
Treasurer Monica Meissner then outlined Treasury Department functions, including bank deposits, statewide disbursements, banking relationships, investments, debt management, compliance, the FONA College Savings Program, the ABLE Plan, scholarship programs, and the abandoned property program. In discussing unclaimed property, she said holders report property after a five-year dormancy period, the state uses automated systems and outreach to locate owners, and claim activity has increased. In fiscal year 2024, the state returned about $12.2 million to citizens through roughly 12,000 claims; over the last 10 years, about $72.6 million has been returned. She also said the state escheated $19.9 million to the general fund and $1.8 million to counties last year, and explained that securities-related proceeds are harder to estimate because they depend on market conditions. No votes or formal actions were taken.