Transcript Highlights:

• As a fiscal conservative, I am sympathetic to that argument.
• food bank, make deliveries, and by going to the Alexandria Food Bank is where, you know, you see people
• We currently only sell to Second Harvest Food Bank.
• The five regional food banks support over— The five regional food banks support over...
• Food banks are no different.

Committee: Senate Finance

Summary: The committee met for public testimony on the Finance budget, with the main discussion focused first on funding for disability services and then on the LA GATOR scholarship program. Several individuals testified in support of fully funding Families Helping Families and Louisiana Rehabilitation Services (LRS), describing how advocacy, transition services, and direct support workers help people with disabilities access education, employment, and independent living. Witnesses urged the committee to preserve or increase state general funds to draw down federal matching dollars, and provider groups said current reimbursement rates and staffing shortages are leaving agencies in deficit, creating waitlists, overtime costs, and difficulty retaining workers. Committee members thanked the speakers and noted that the testimony would be used to compare the governor’s, House, and remaining budget requests. The committee then heard extensive testimony in support of increasing funding for the LA GATOR scholarship program. Supporters included policy groups, school leaders, parents, and students who argued that the program expands educational choice, helps low-income and special-needs students find schools that fit their needs, and should be fully funded at the level of demonstrated demand. Speakers from Catholic and Christian schools said GATOR funding had helped students thrive academically and spiritually, but that shortfalls left many eligible students without awards, hurt kindergarten enrollment, and forced schools to raise private donations to cover gaps. Several witnesses emphasized that the program is not a zero-sum attack on public schools, but a way to let education dollars follow students. A few committee questions focused on the fiscal impact and on whether choice programs improve outcomes without harming public schools. Testimony cited enrollment growth, parent demand, and data from other states to argue that school choice can improve student and parent outcomes and may also strengthen traditional public schools through competition. No votes or formal actions were taken during the public testimony portion of the meeting.

Transcript Highlights:

• Acting on behalf of Senator Townsend, I am calling the Senate Banking, Business, Insurance & Technology
• I am calling the Senate Banking, Business, Insurance & Technology Committee to order as temporary chair
• Chairman, members of the Bank Committee, thank you for the opportunity to testify today.
• My name is Emily Neurl, and I'm testifying on behalf of The Nature Conservancy.
• In addition to the benefits for affordable housing, there are benefits to conservation.

Bills: HB373

Committee: Senate Banking, Business, Insurance & Technology

Summary: The Senate Banking, Business, Insurance & Technology Committee met in hybrid format and heard testimony on several bills. HB 373, as amended, would regulate hemp-derived THC-infused beverages by defining the products, limiting them to 10 mg of Delta-9 THC per container, restricting sales to package stores and licensed marijuana retail stores, requiring testing and labeling, and imposing a 50-cent per container tax; the sponsor said the bill is intended to create guardrails and protect youth, and a wholesaler representative testified in support. HB 398 would allow racinos to serve alcohol until 2 a.m. and remove local authority to require earlier closing times; the sponsor and Bally’s representative said it would help Delaware remain competitive and increase revenue, and no opposition was heard. HB 433 would let municipalities and counties extend last call for bars, restaurants, and clubs from 1 a.m. to 2 a.m.; a witness from Connect Delaware supported it as a competitiveness and retention measure, emphasizing that it is permissive rather than mandatory. The committee also heard extensive testimony on HB 441, which would ban cryptocurrency kiosks/crypto ATMs in Delaware and require existing machines to be removed within 90 days. The sponsor and supporters, including AARP, the Delaware Department of Justice, and the League of Women Voters, argued the machines are heavily used in scams, especially against older adults, and that regulation has not been effective. CoinFlip opposed the bill, saying it is a regulated operator, that the fraud statistics are overstated or incomplete, and that Delaware should instead adopt a regulatory framework and amendment. HB 465 would update the criminal code to formally define virtual currency and incorporate it into theft, money laundering, racketeering, and search-and-seizure provisions; the sponsor said it would align Delaware law with modern crypto-related crimes, and no opposition was presented. The committee then heard HB 467, which would prevent landlords from requiring renters to buy insurance from a specific company while still allowing them to require coverage meeting lease terms; the sponsor described it as a consumer-choice bill and there was no public opposition. HB 435 would require payment parity for certified registered nurse anesthetists and physicians when the same services are provided; the sponsor, nurse anesthetists, the Delaware Health Care Association, the Department of Insurance, and ChristianaCare supported it as a workforce and access-to-care measure, with no opposition. Finally, HS 1 for HB 450, the Road DE Act, would overhaul permitting and traffic-impact review, emphasize peak-hour traffic, set density standards in growth areas, create a transportation impact fee, and direct some revenue to open space, farmland, and coastal restoration; realtors, builders, environmental groups, engineers, and GEAR supported it as a way to speed permitting, reduce sprawl, and improve infrastructure planning. The committee adjourned after public comment; no votes were recorded in the transcript.

Transcript Highlights:

• So with that, I'll ask for a representative from the Bank of North Dakota.
• Are you representing the bank now, Senator? Okay, thank you.
• As you know, certain state revenues by law are held at the Bank of North Dakota.
• Fund buy-down programs, as well as maintaining adequate capital for the bank.
• So this could be potentially a little bit conservative on that matter.

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

Transcript Highlights:

• I don't know banking uh representative.
• I'm the deputy commissioner of the banking department, and I'm the banking commissioner's designate.
• </c> the deputy commissioner of the banking the deputy commissioner of the banking department<00:14:04.240
• </c> out of of banking systems uh locally. out of of banking systems uh locally.
• </c> issuers bank um to get um to get cash. issuers bank um to get um to get cash.

Summary: The Stable Token Study Commission held its first regular meeting, welcomed all remaining appointed members, and completed brief introductions from legislators and agency designees. The chair outlined the commission’s plan to use the first part of the enabling legislation as a “level-setting” discussion, focusing this meeting on the basics of blockchain, the current landscape for stablecoins and tokenized real-world assets, and leaving blockchain-based trust for a later meeting. No votes were taken. The main presentation came from Deanna Bario Zales of the Global Blockchain Business Council, who described stablecoins as increasingly converging toward fiat-backed or asset-backed models, with algorithmic designs viewed more cautiously. She said stablecoins are being used for payments, remittances, DeFi activity, cross-border transfers, retail use in high-inflation markets, and treasury functions, while noting risks such as peg instability, reserve transparency, counterparty and network risk, and possible capital flight from weaker banking systems. She cited growth in supply, wallet activity, and transfer volume, and said U.S.-pegged stablecoins dominate the market, with USDT and USDC leading. Zales also discussed tokenized real-world assets, describing them as digital representations of physical assets that can enable fractional ownership, liquidity, and faster settlement. She said the market is growing quickly, with institutional participation from firms such as BlackRock and Franklin Templeton, and projected continued expansion. She closed with an overview of regulatory developments, emphasizing the new U.S. stablecoin framework under the Genius Act, the proposed Clarity Act, OCC guidance, and similar regimes in the EU, UK, UAE, Singapore, Japan, and elsewhere, all of which she said are shaping compliance requirements and market development.

Transcript Highlights:

• The Committee on Banking and Insurance will now come to order. Mr. Chair, please call the roll.
• We're going to be conservative with it. We're not going to use agents based on this, right?
• We're going to be conservative with it. We're not going to use agents based on this, right?
• So you're setting up your own personal bank account?
• You have access to my bank account? As the facilitator, we do.

Bills: S0266 , S0394 , S0540 , S0632 , S0642 , S0832 , S0834 , S1028

Committee: Senate Banking and Insurance

Summary: The Committee on Banking and Insurance met with a quorum and took up several bills, beginning with SB 834 on insurance requirements for nonprofit religious organizations and health care sharing ministries. The bill repeals a recent restriction on licensed insurance agents marketing or selling faith-based health care sharing programs. Supporters argued the change restores free speech and consumer education while preserving existing fraud and disclosure protections; opponents said allowing agents and brokers could create consumer confusion and has been associated with bad actors. A title amendment was adopted, and after debate the committee reported the bill favorably. The committee also heard and passed SB 642, which extends reporting and duty requirements to foreign and alien bail bond insurers, and SB 394, a technical bill updating reinsurance intermediary manager law to match current DFS practice. SB 266, which lets vulnerable adults rescind public adjuster contracts without penalty, was reported favorably after testimony from supporters in the insurance and elder law communities and a public adjuster who said the intent was good but the bill may need refinement. SB 832, a residential property insurance transparency bill requiring rate breakdown reports and a consumer resource center, also passed after discussion about consumer clarity and whether the required cost categories can be compiled as written. Later, the committee approved SB 540, which creates cybersecurity requirements for mortgage and money service businesses, closes a regulatory gap for certain investment advisers, adjusts OFR examination-payment deadlines, changes de novo charter requirements, allows virtual credit union meetings, and makes other financial regulation updates. Several amendments were adopted, including a substitute amendment removing fintech sandbox provisions. Finally, SB 1028 on Citizens Property Insurance Corporation was reported favorably after debate over a commercial lines clearinghouse intended to reduce Citizens’ exposure and shift more business to the private market; members discussed taxpayer risk, market competition, and consumer protections. The meeting ended with adjournment.

Transcript Highlights:

• </c> >> Senate Bill 2383, Banks and Banking, revise various definitions, procedures, and provisions related
• of banking.
• And national banks are allowed to do.
• </c> while they're in the care or conserving while they're in the care or conserving fund<01:01:05.760
• :07.280><c> them</c> fund conserving funds to help them fund conserving funds to help them transition

Transcript Highlights:

• They're specified outside the banking institute.
• So just like you can't go into a bank lobby and cause any assurances, you're there to conduct bank business
• However, a church obviously is much different than a bank lobby.
• For example, again, going to my bank lobby, it's open for you to go in and do bank business.
• For example, again, going to my bank lobby, it's open for you to go in and do bank business.

Bills: HR58 , HR59 , HR60 , HR61 , HR62 , HR63 , HR64 , HCR32 , HB43 , HB447 , HB573 , HB1000 , HB1001 , HB1002 , HB1003 , HB1004 , HB1005 , HR46 , HR48 , HR50 , HR51 , HR52 , HR53 , HR54 , HR55 , HR56 , HR57 , HCR31 , HB20 , HB21 , HB166 , HB494 , HB710 , HB795 , HB985 , HB986 , HB987 , HB988 , HB989 , HB990 , HB991 , HB992 , HB993 , HB994 , HB995 , HB996 , HB997 , HB998 , SB128 , SB149 , SB174 , SB191 , SB205 , SB213 , SB218 , SB220 , SB229 , SB238 , SB243 , SB375 , SB379 , HB8 , HB9 , HB10 , HB15 , HB16 , HB17 , HB18 , HB19 , HB22 , HB33 , HB34 , HB35 , HB44 , HB46 , HB47 , HB48 , HB61 , HB101 , HB126 , HB135 , HB142 , HB164 , HB185 , HB215 , HB226 , HB232 , HB233 , HB242 , HB284 , HB292 , HB297 , HB301 , HB334 , HB436 , HB468 , HB548 , HB571 , HB582 , HB593 , HB594 , HB609 , HB613 , HB712 , HB722 , HB732 , HB746 , HB781 , HB827 , HB845 , HB848 , HB921 , HB923 , HB951 , HB953 , HB999 , HB129 , HB130 , HB287 , HB489 , HB545 , HB553 , HB555 , HB570 , HB854 , HB952 , HB28 , HB36 , HB50 , HB52 , HB56 , HB62 , HB68 , HB92 , HB110 , HB117 , HB119 , HB124 , HB140 , HB147 , HB171 , HB182 , HB193 , HB196 , HB203 , HB228 , HB234 , HB260 , HB268 , HB271 , HB285 , HB289 , HB351 , HB400 , HB413 , HB469 , HB534 , HB551 , HB552 , HB574 , HB576 , HB634 , HB649 , HB677 , HB735 , HB739 , HB779 , HB784 , HB796 , HB842 , HB850 , HB919 , HB149 , HB733 , HB875 , HB868 , HB901

Summary: The House convened with a quorum, opened in prayer, and received official notice from the Secretary of State certifying Dana Henry and Paul Sawyer to fill vacancies in the chamber. Both members were sworn in. The House also received Senate messages on several concurrent resolutions and a large slate of Senate bills, and it adopted a number of House resolutions recognizing groups and individuals, including agriculture, athletic trainers, GoFar Louisiana, homeschooling families, veterans, and several community honorees. Committee reports and bill referrals were also announced throughout the morning hour. A substantial portion of the meeting was devoted to floor action on House bills, many of them memorial highway designations and policy measures. The House gave final passage to bills naming roadways and bridges for Officer Trevor Abney, Dr. Harry Blake Sr., Virginia Green Evans, and American Legion Post No. 14, and it also passed bills extending Tax Commission assessment fees, creating a transfer-on-death securities registration act, increasing lender origination fees, expanding assessor certification committee membership, and strengthening protections for eligible adults against financial exploitation. Other bills passed included measures on teacher certification appeals, removing Evangeline Parish from a juvenile justice district, re-creating the Department of Education, and repealing a $25 impaired-driving fine. Most of these bills passed overwhelmingly or unanimously. The most extensive debate centered on House Bill 68, which would create a new offense for disturbing worship services and impose a mandatory 30-day jail term for certain misdemeanor conduct, with higher penalties for related offenses. Supporters argued the bill was intended to deter disruptions and reduce the risk of escalation in houses of worship, citing heightened security concerns and incidents in churches nationwide. Opponents questioned the bill’s vagueness, the mandatory minimum sentence, the distinction between misdemeanor and felony treatment, and whether existing law already covered the conduct. The bill remained under discussion as members continued to raise constitutional, enforcement, and policy concerns.

Transcript Highlights:

• /c><00:13:18.480><c> a</c> ago, motans who got ripped off by a ago, motans who got ripped off by a bank
• , a credit card company, a healthc bank, a credit card company, a healthc care care care company<00:13
• My conservative friends might wish we were cutting a little bit more.
• </c><00:25:35.840><c> My</c><00:25:36.080><c> conservative</c> cutting a little less.
• My conservative cutting a little less.

Transcript Highlights:

• Clackamas Soil and Water Conservation District, a local septic repair and conservation loan program.
• It's like a bank, like your mortgage. If you can meet the terms of our lending, you can get a loan.
• Those are folks who don't necessarily get funded by banks.
• Those are folks who don't necessarily get funded by banks, so the risk is higher.
• So it makes it more likely the bank will loan you money.

Summary: The task force met to focus on funding systems and incentive structures for a proposed regional waste infrastructure effort, including how a future WIPA framework might support solid waste planning in the Willamette Valley. Staff and members heard presentations from DEQ on the Clean Water State Revolving Fund, from Business Oregon on the Special Public Works Fund, and from Oregon State Treasury on state bonding capacity and the bond issuance process. Presenters explained how their programs are structured, how projects are scored or approved, what kinds of public entities and projects are eligible, and how interagency coordination and co-funding can work. DEQ emphasized that its revolving loan fund is driven by water-quality benefits and public-health criteria, while Business Oregon described a broader infrastructure loan program for public entities with no scoring system, and Treasury outlined the state’s debt-capacity process and the differences between general obligation and lottery bonds. Members used the presentations to discuss whether similar funding tools could support solid waste infrastructure, especially for transfer stations, regional hubs, and related facilities that may need to be built before Coffin Butte reaches the end of its lifespan. Several questions centered on whether public-private partnerships could qualify, whether equipment inside facilities could be financed, how repayment would work, and whether planning costs could be covered. DEQ and Business Oregon both said they could potentially collaborate on scoring or co-funding, but noted eligibility limits and the need for public ownership in many cases. Treasury said bond capacity is limited and competitive, especially for lottery bonds, and that project authorization generally runs on a two-year cycle, though unused authority can sometimes be reauthorized. In task force discussion, members debated whether the group should pursue a dedicated funding lane for the seven-county region rather than having local governments compete with other statewide needs. Some members stressed the importance of criteria to avoid stranded assets and to ensure funding is available when projects are ready, while others raised concerns about how cities and counties would generate revenue to repay debt during construction and early operations. The group also discussed flow control, system fees, and the need for regional collaboration among counties, cities, and haulers to create enough waste volume to support new infrastructure. Staff noted that pre-session filing materials for the legislature are due September 11, and the chair said the August meeting will focus on organizational structure and identifying partners. During public comment, Representative Kevin Mannix submitted written testimony supporting the WIPA concept and urging the task force to endorse it. Commissioner Bubba King of Yamhill County urged the task force to compare alternatives objectively and warned against adding bureaucracy before evaluating existing infrastructure and costs. Commissioners Kevin Cameron and Roger Nyquist of Marion and Linn counties described regional hub-and-spoke concepts, transfer stations, and intermodal options, emphasizing the need for planning, strategic siting, and collaboration with haulers and local governments.

Transcript Highlights:

• It will also operate a 24-hour hunger hotline to connect people to resources, support food banks with
• James Donoffberg, and I'm lucky enough to be the Vice President of Conservation at the Living Desert
• Sea lions are a conservation... City, bay, and river across California.
• Sea lions are a conservation success story and a part of our state's history and culture.
• It's a state. ...firm California's leadership in ocean conservation.

Committee: Senate Governmental Organization

Summary: The Senate Government Organization Committee met without a quorum at first, then later established one and took up a series of bills, many focused on regulatory oversight, state symbols, food insecurity, immigration enforcement, and ethnic media funding. SB 885 by Senator Strickland proposed requiring legislative approval for major regulations with an estimated economic impact over $50 million; supporters argued it would restore accountability and help address affordability, while labor and environmental opponents warned it would delay important health and safety rules. After discussion of committee amendments and concerns about timing, the bill was moved out on a due-pass motion, with the roll held open for absent members. The committee also heard SB 986, a similar regulatory oversight bill by Senator Saryato, which accepted committee amendments and advanced after supporters emphasized separation of powers and opponents raised delay concerns. SB 1025 by Senator Hurtado created an Office of Food Security and Affordability to coordinate food programs across departments; members generally supported the goal but urged stronger reporting and oversight guardrails, and the bill was moved forward with the roll held open. The committee then heard several symbolic designation bills. SB 1214 by Senator Ochoa Bogh would designate the Western monarch as California’s state butterfly; supporters highlighted the species’ ecological importance and conservation value, and the bill advanced as amended. SB 1178 by Senator Reyes would designate the California yellow jacket as the state wasp; testimony emphasized its role in pest control and agriculture, and it also moved forward as amended. SB 1286 by Senator Richardson would designate the California sea lion as the official state pinniped; the author and Marine Mammal Care Center described sea lions as a conservation success story and a sentinel species, and the bill passed out of committee as amended. The committee also considered SB 1171 by Senator Caballero, which would make private entities that contract with ICE ineligible for state-funded loans or grants. Supporters framed it as a response to harmful ICE enforcement practices, while opponents warned it could sweep in providers of essential services such as food, medical care, and legal research for detainees and could invite retaliation against California funding. The bill was approved on a 7-3 vote, with the roll held open. Finally, SB 1358 by Senator Rubio, the Ethnic and Community Media Equity Act, would create a database and contracting framework to direct more state advertising and outreach funds to ethnic and community media; supporters said it would improve reach, trust, and effectiveness in underserved communities, and the bill advanced on a strong vote with the roll held open. The committee also took up the consent calendar after quorum was established, and several items were held open for absent members.

Transcript Highlights:

• But West Bank is just a collective term.
• follow the West Bank in this piece of land.
• and changing the name to West Bank.
• Bank.
• This bill…” name, which is West Bank, and also stated that he opposed an annexation of West Bank.

Summary: The committee first considered CS/SB 1434 on infill redevelopment. A late-filed strike-all amendment narrowed eligibility to certain contaminated or brownfield properties in Miami-Dade, Broward, and Palm Beach counties, added adjacency and density/intensity limits, and excluded agricultural land, park land, land outside the urban growth boundary, and land near military installations. The amendment was adopted without opposition, and the bill was reported favorably on an 8-0 vote, with limited support and opposition noted in waived appearance forms. Members then took up CS/CS/SB 212 on sexual offenders and sexual predators. The strike-all added public swimming pools and related child-centered locations to residency and presence restrictions. Testimony was sharply divided: proponents argued the bill would help protect children and law enforcement, while opponents, including treatment experts and homelessness advocates, said there was no empirical evidence the restrictions reduce abuse and warned of retroactive punishment and increased homelessness. The amendment was adopted, and the bill passed 8-1. The committee also approved CS/CS/SB 686 on agricultural enclaves after an amendment allowing certain enclaves adjacent to interstates to be developed for commercial, industrial, or single-family residential uses and clarifying exclusions for protected areas. Opponents argued it would weaken zoning and comprehensive plans, while supporters framed it as a property-rights measure; the bill was reported favorably 10-0. SB 554 on nonprofit corporations, a technical update to nonprofit law modeled on prior for-profit corporate revisions, also passed unanimously after supportive waived testimony. Later, the committee approved SB 1338 on charitable giving, which creates a donor remedy for endowment restrictions and limits state reporting burdens on certain regulated or exempt organizations; members discussed cy pres and the sponsor said further changes would be worked out later. CS/SB 532 on court fees was amended to let clerks retain all collections above revenue projections rather than half, with supporters saying clerks have been underfunded for years; it passed 10-0. The committee also favorably reported SB 218 on land use regulations, which restores normal land-use authority to counties not affected by recent hurricanes, and CS/SB 692 on cybersecurity standards and liability, which creates a presumption against liability for entities that comply with cybersecurity frameworks and reporting requirements; the cybersecurity bill drew concerns about retroactivity and the adequacy of compliance incentives but passed 9-2.

Transcript Highlights:

• a little bit on some of those other categories in terms of how much is that driven by money in the bank
• are in the current fiscal year, how much of these might we be very confident is largely money in the bank
• conservative in certain places and, on net, bringing a ultimately conservative forecast to the table
• I think you both confirmed that both of these look fairly conservative in your own opinion.
• Again, overall, I think it's a very conservative, very prudent long-range forecast.

Summary: The Revenue Estimating Conference met with four members present and first approved the December 11, 2025 minutes. Members then recognized the FYI end-of-balance of $577,077,871 as non-recurring revenue. The main business was revising the state revenue forecast for FY 2026, with the Division of Administration recommending a reduction of about $113 million, driven primarily by weaker individual income tax collections, softer general sales tax receipts, and a substantial cut to corporate income tax forecasts. The Legislative Fiscal Office presented a somewhat different but still cautious outlook, and members discussed withholding rates, refund growth, corporate collections, and the effects of the franchise tax repeal and tax reform changes. After questions to the Department of Revenue about collections, refunds, enforcement, and settlements, the conference adopted the Division of Administration’s FY 2026 forecast. The conference then reviewed the FY 2027 recurring forecast. The Division of Administration again recommended a reduction, this time about $104 million, citing continued caution on individual income and corporate taxes, while the Legislative Fiscal Office projected a net increase of about $127 million, largely from sales tax, severance, royalties, vehicle sales tax, and other revenue streams. Members discussed the practical budget impact of the revised forecasts, including the need to reduce spending and the difficulty of funding a possible teacher stipend if a constitutional amendment fails. The FY 2027 recurring forecast was adopted. Members also adopted the long-range forecast, the proposed inflation rates for the Millennium Trust and parish severance allocation, and the incentive expenditure forecast. The incentive discussion noted that reported incentive costs reduce available revenue before appropriations, and members raised the possibility of reviewing or capping such incentives. The Treasurer’s Office then reported that the General Fund cash balance was $404.1 million as of May 5, 2026, and the interfund borrowing base was about $9.18 billion, with cash positions generally similar to the prior year. The meeting ended with a note that another REC meeting might be needed after the May 16 election, followed by adjournment.

Transcript Highlights:

• a little bit on some of those other categories in terms of how much is that driven by money in the bank
• current fiscal year, you know, how much of these might we be very confident is largely money in the bank
• conservative in certain places—and, on net, bringing a ultimately conservative forecast to the table
• I think you both confirmed that both of these look fairly conservative in your own opinion.
• Again, overall, I think it's a very conservative, very prudent long-range forecast.

Summary: The Revenue Estimating Conference met with four members present and first approved the prior meeting minutes and recognized the FYI end-of-balance of $577,077,871 as nonrecurring revenue. The main business was revising the state revenue forecast for FY 2026, FY 2027, and the long-range outlook. The Division of Administration recommended a $113 million reduction to the FY 2026 State General Fund forecast and a $104 million reduction for FY 2027, citing weaker-than-expected individual income tax collections, softer corporate income tax receipts, and some weakness in general sales tax, partly offset by stronger motor vehicle sales tax and higher mineral-related revenues tied to oil prices. The Legislative Fiscal Office presented a somewhat different but broadly similar forecast, with modest net increases to the general fund bottom line in the current year and next year, emphasizing caution on income and corporate taxes and more optimism on sales, severance, royalties, and some other revenue streams. A substantial portion of the discussion focused on the causes of the income tax shortfall, especially withholding and refund patterns after tax changes that lowered rates. Department of Revenue officials explained that withholding tables had been set with a cushion that may be producing larger refunds, and said changing the tables could quickly reduce overwithholding, though the effect would take time to show up. Members also discussed corporate collections, the lingering effects of the franchise tax repeal, the role of settlements and audits, and the extent to which collections are voluntary versus enforcement-driven. The Department of Revenue said corporate collections still had key filing and estimated-payment milestones ahead in May and June, and that refund and audit activity related to the former franchise tax would continue for some time. The conference then adopted the Division of Administration’s FY 2026 forecast, the FY 2027 recurring forecast, and the long-range forecast, along with the proposed inflation rates for the Millennium Trust and parish severance allocation. Members also adopted the incentive expenditure forecast, noting that the reported amount is only the REC-reported portion and that larger tax exemption amounts come off the top before appropriations. The Treasurer reported a General Fund cash balance of about $404.1 million as of May 5, 2026, and an interfund borrowing base of about $9.18 billion, saying cash levels were similar on average to the prior year. The meeting ended with a note that another REC meeting might be needed depending on the May 16 election, and the conference adjourned without objection.

Transcript Highlights:

• Of course, the Hohokam engineered marvelously designed canals that have been conservatively carbon-dated
• And this was really a vision of water conservation that my father, my late father, Rod Lewis, who was
• So the MAR-5 is one of our hallmarks of water management and water conservation.
• But this one here covers the loan guarantee program, loan participation program, and bank partnerships
• Loan participation program and bank partnerships that tribes have to offer for businesses.

Summary: The committee began with a series of presentations highlighting tribal communities as part of rural economic development. Representative Mae Peshlakai described Legislative District 6, emphasizing its large geographic size, the eight tribal nations within it, and the cultural and scenic importance of the Navajo Nation and other tribes. Governor Stephen Roe Lewis then presented on the Gila River Indian Community, focusing on its history, Hohokam heritage, water rights, the MAR-5 aquifer recharge project, cultural traditions, and the importance of collaboration with state lawmakers. Members praised the presentations and noted the need for greater attention to tribal issues in the legislature. The committee then took up SB 1016, with a strike-everything amendment that moved the property-owner petition requirement earlier in the process for municipal improvement districts and allowed certain notice and protest requirements to be waived. Supporters, including the mayors of Camp Verde and Clarkdale, said the change would improve transparency, reduce financial risk for small towns, and help rural communities build needed infrastructure such as wastewater systems, water lines, and housing-related improvements. The committee adopted the strike-everything amendment and passed SB 1016 on a 5-0 vote, with one member present and one absent. Next, the committee considered SB 1401, the Workforce Housing Accelerator Act, using a strike-everything amendment that would allow municipalities to create expedited plan review and permitting for qualified workforce housing projects and exempt project proceeds from the state portion of the prime contracting sales tax. Habitat for Humanity representatives said the measure would lower carrying costs and help build more affordable homes, while one member noted the tax exemption would reduce general fund revenue but supported the bill as a targeted tradeoff to address housing shortages. The committee adopted the amendment and passed SB 1401 by a 5-1 vote. The meeting concluded with Representative Myron Sosec’s presentation on barriers to economic development on the Navajo Nation and other tribal lands. He discussed lower workforce participation, higher unemployment and poverty, limited access to capital, trust-land financing barriers, dual taxation, infrastructure deficits, and delays caused by federal and tribal review processes. He also highlighted Navajo economic strategies such as loan guarantees, renewable energy development, and tourism investments, and urged state action on tax reform, matching funds, and annual tribal field hearings. The committee then adjourned.

Transcript Highlights:

• And this was really a vision of water conservation that my father, my late father, Rod Lewis, who was
• to our state, but also it shows that the Gila River Indian Community is taking the initiative to conserve
• So the Mar 5 is one of our hallmarks of water management and water conservation.
• But this one here covers the loan guarantee program, loan participation program, and bank partnerships
• Loan participation program and bank partnerships that tribes have to offer for businesses.

Summary: The committee devoted much of the meeting to presentations highlighting tribal communities in rural Arizona. Representative Peshlakai opened with a video and remarks about Legislative District 6, describing it as the state’s largest district and emphasizing its many tribal nations, scenic landmarks, and her personal Navajo background. Governor Stephen Roe Lewis then presented on the Gila River Indian Community, discussing its Akimel O’odham and Piipaash heritage, water rights history, the MAR-5 aquifer recharge project, cultural traditions, and the community’s role in regional water and infrastructure issues. A presentation on the Pasqua Yaqui tribe followed, focusing on cultural resilience, ceremonial traditions, and the history of displacement and freeway construction in Tucson. Representative Sosei later outlined barriers to tribal economic development, including trust land financing limits, federal and tribal review delays, infrastructure gaps, dual taxation, and the need for broadband, water, and road investment, while proposing reforms such as tax changes, state match funds, and annual tribal field hearings. The committee then considered SB 1016, a strike-everything amendment that would move the property-owner petition requirement earlier in the municipal improvement district process and allow waivers of certain notice and protest procedures. Supporters, including mayors from Camp Verde and Clarkdale, said the change would improve transparency, reduce financial risk for small towns, and help rural communities build wastewater and other infrastructure. The committee adopted the strike-everything amendment and passed SB 1016 on a 5-0 vote, with one member present and one absent. Next, the committee heard SB 1401, the Workforce Housing Accelerator Act, which would let municipalities create expedited plan review and permitting processes for qualified workforce housing projects and exempt project proceeds from the state portion of the prime contracting sales tax. Supporters from Habitat for Humanity said the measure would reduce carrying costs, speed approvals, and help build more affordable homes for working families. One member noted the bill would reduce general fund revenue but supported it as a targeted tradeoff to address housing affordability. The committee adopted the amendment and passed SB 1401 on a 5-1 vote, with one member absent.

Transcript Highlights:

• It also establishes a vacation leave bank at 24 hours for LCC and limited-term employees appointed to
• a full-time position of at least 9 months in duration and prorates the bank for part-time employees
• a vacation leave bank at 24 hours<00:05:20.800><c> for</c><00:05:21.120><c> LCC</c><00:05:21.680><c>
• for</c><00:05:28.479><c> part-time</c><00:05:28.960><c> employees</c><00:05:29.280><c> who</c> the bank
• for part-time employees who the bank for part-time employees who will<00:05:29.600><c> become</c><00

Summary: The Senate Committee on Rules and Administration met virtually on January 6, 2026, and took up four administrative policy items. Darren Hoff, Senate Human Resources Director, presented updates to the Legislative Coordinating Commission benefit book, including insurance changes tied to SEGIP, mental health and substance use office visit cost sharing, dental plan updates, dependent eligibility clarifications, a new voluntary legal services benefit, a 17% increase in Medicare premiums, and multiple leave-policy revisions to conform with the new paid leave law and other employment rules. Senator Pappas moved adoption of the benefit book with the LCC’s November 10, 2025 changes and staff technical corrections, and the motion passed. Secretary Tom Bern described a proposed Senate Policy 1.56 allowing written rules of conduct for visitors in Senate spaces, aimed at setting clear expectations for behavior such as not blocking hallways or using shouting and profanity, while being developed with consultation to address First Amendment concerns. Senator Marty moved adoption, and the committee approved the policy. Council Lexi Stangle then presented a change to Senate Policy 2.47 on severe weather emergencies that would allow employees who work remotely on severe weather days to accrue compensatory time with supervisor approval; Senator Johnson moved adoption, and the motion passed. The committee also considered a modernization of the Senate information systems policy. Secretary Bern and staff explained that the policy had not been substantially updated in about 20 years and was being condensed and updated to reflect current technology and practices. The revisions reduced the policy from 29 pages to 10, removed obsolete references, added a purpose statement, clarified email inspection and hardware/software procedures, updated website rules and accessibility guidance, and removed the secondary member page option. Senator Coleman moved adoption of the Senate information systems update, and it was approved. After the Rules Committee adjourned, the Subcommittee on Committees met and approved two appointments: one public member to the Legislative Citizen Commission on Minnesota Resources through December 31, 2030, and Senator Gustafson to the Financial Crimes Advisory Board Task Force. Members asked about the task force’s scope and the public appointee’s background; staff explained the task force advises on identity theft and financial crimes, and identified the public appointee as Sha Lang of Preston, Minnesota. Senator Pappas moved adoption of the appointment list, and the subcommittee approved it before adjourning.

Transcript Highlights:

• Bank origination fees are probably a big one.
• Northeast Bank is a community bank based in Northeast Minneapolis, with branches in New Brighton and
• Northeast Bank was established in 1947 by a handful of local business people who believed banking services
• Specifically, we are opposed to requiring banks to collect sales tax on certain bank fees.
• banking services.

Summary: The committee took up House File 2437, the governor’s proposed tax bill, and first adopted the A25-Z42 amendment to put the bill in the desired shape. Commissioner Paul Marquardt of the Department of Revenue then presented the bill as part of Governor Walz and Lieutenant Governor Flanagan’s budget, describing it as a response to budget pressures that would make the tax system more fair and stable while supporting economic development and jobs. Marquardt walked through the bill’s major provisions. These included sustainable aviation fuel policy, repeal of K-12 education credit assignment, elimination of the political contribution refund, expansion of the research and development credit, short-line railroad infrastructure modernization, changes to the state airport fund levy, replacement of attachments and appearances with distribution systems, a narrow personal property tax exception for low-income housing tenants, reduced aquatic invasive species aid, and a 34% reduction in PILT payments. He then focused on the sales tax article, saying it would lower the statewide rate by 0.75% while expanding the base to selected professional services such as accounting, banking, brokerage, and legal services, with business-to-business transactions exempt. He said the proposal would be effective for sales and purchases after September 30, 2025, and estimated a first-year rate-cut impact of about $99 million versus $215 million from the service expansion, while arguing that most households would see a net tax cut. He also noted other changes such as landlord penalty adjustments, a 30% reduction in sustainable aviation fuel incentive payments, repeal of local government cannabis aid, and repeal of the tax filing modernization account. Public testimony began with Kyle Playford of the Financial Planning Association of Minnesota, who strongly opposed the proposed sales tax on professional services, especially financial planning. He argued that financial planning is an essential service for retirement, investment, and long-term financial security, and said the tax would raise costs for consumers, reduce access for middle-class families, small business owners, and retirees, and put Minnesota firms at a competitive disadvantage. The chair then indicated that additional public testimony would continue before member questions.

Transcript Highlights:

• Whereas, soil and water conservation districts promote responsible management and conservation of natural
• Soil and Water Conservation District Day in the Senate.
• I, too, want to stand up in support of our soil conservation districts.
• I, too, want to stand up in support of our soil conservation districts.
• Morgan Private Bank.

Transcript Highlights:

• I'm Assembly Member Glick, chairing the Assembly's Environmental Conservation Committee.
• I'M ASSEMBLYMEMBER GLICK CHAIRING THE ASSEMBLY'S ENVIRONMENTAL CONSERVATION COMMITTEE.
• We restore and provide funding for land banks and $2 million for fair housing testing, for a total of
• We restore and provide funding for land banks and $2 million for fair housing testing, for a total of
• We restore and provide funding for land banks and $2 million for fair housing testing, for a total of

Summary: The Joint Conference Committee on Environment, Agriculture and Housing opened budget negotiations for the 2026-2027 enacted budget, with Senate and Assembly leaders outlining their one-house proposals and committee members giving brief remarks. The discussion covered environment, agriculture, housing, parks, and energy, with repeated emphasis on affordability, climate resilience, and support for rural and urban communities. Senate and Assembly chairs described the process and noted the agencies present, while minority members criticized the overall size of the budgets and urged more attention to housing affordability, building stakeholders, and energy costs. On the environment and energy side, the Senate highlighted proposals for $138 million in additional clean water infrastructure funding, a $75 million increase to the Environmental Protection Fund, $95 million in restored parks capital, $200 million for the Energy Affordability Program, and $1 billion for Sustainable Futures 2.0, including a proposed revival of the NY STUN program. The Assembly said it increased the EPF to $500 million, raised clean water infrastructure funding to $800 million, and included targeted amounts for cities, rural housing-related water projects, Cornell Ag Tech, and the Center for Sustainable Materials Management. Democrats argued that high utility bills are driven by natural gas costs rather than clean energy, while Senate and Assembly Republicans said the CLCPA and other energy mandates are increasing costs and should be reconsidered. Agriculture remarks focused on research, farm support, and resilience. Senator Hinchey described funding for Cornell’s COWS program, Farm to School amendments, $7 million for farm worker housing, and a new $20 million Farm Weather Resiliency Grant Program. Chair Lupardo said the Assembly added $16 million over the Governor’s proposal for educational research and outreach, restored support for beginning and disadvantaged farmers, and backed dairy, livestock, hemp fiber, and natural fibers initiatives, while also accepting $30 million in farmer tariff relief if guidelines are set. Minority Assembly Member Tague supported dairy infrastructure funding but criticized the farm labor overtime phase-down and the CLCPA’s impacts on farms. Housing discussion centered on major capital and assistance programs. The Assembly proposed $200 million more for the Housing Access Voucher Program, $100 million for Mitchell-Lama and NYCHA, $50 million for down payment assistance, $4 million for fair housing testing, land banks, and $40 million for the Homeowner Protection Program. The Senate outlined similar priorities, including $500 million for NYCHA, $100 million for Mitchell-Lama preservation, $250 million total for HAVP, and additional funding for mixed-income rental development, vacant rentals, senior housing, and block-by-block infill. Chair Rosenthal said rent stabilization was not being changed in the budget, while Republican members argued that affordability requires lower taxes, lower utility costs, and fewer regulatory burdens. No votes were taken; the meeting was an opening round of budget negotiations and ended with closing remarks from both sides.

Transcript Highlights:

• It's going to cause enforcement problems as the probable cause for our conservation officers.
• Probable cause for our conservation officers.
• This is not going to be a problem for conservation officers.
• This is not going to be a problem for conservation officers.
• This is not going to be a problem for conservation officers.

Committee: Senate Economic Development, Tourism, & Labor