Video & Transcript : 'actuarial valuation' :

Page 36 of 115
MN

Minnesota 2025-2026 Regular Session

House Taxes Committee 2/12/25

Taxes

Transcript Highlights:
  • They say the motivation behind that policy change was to avoid double taxation based on an actuarial
  • They add that in 1993, when that actuarial analysis was conducted, that was 15%, and the idea was to
  • However, they say there is no more recent actuarial data.
  • analysis so they sort of on an Actuarial analysis so they sort of looked<00:51:41.440><c> through</c
  • analysis that was 15% so the Actuarial analysis that was 15% so the idea<00:51:52.880><c> was</c><00
Committee: House Taxes
NH
Transcript Highlights:
  • Average daily membership and equalized valuation.
  • So the cost is equalized valuation.
  • There's that average daily membership plus equalized valuation.
  • Valuation.
  • </c> something like equalized valuation something like equalized valuation rates,<01:55:06.800><c> you
Summary: The committee first approved corrected minutes from October 6 after members noted and fixed several transcription and spelling errors, including a clarification that a comment about SAU numbers came from former Senator Jim Rubin. The vote to approve the corrected minutes was moved, seconded, and adopted with one abstention. The main presentation came from Chuck Bates of the New Hampshire Association of School Business Officials (ASBO), who described the organization, its certification program, and the role of school business administrators. He explained that ASBO members handle accounting and financial management, facilities, food service, HR, information systems, transportation, and risk management. He also outlined the certification program, which includes 21 courses, most online, plus four in-person workshops unique to New Hampshire, and noted that many members are not certified because the state licensure requirement was removed. Bates then addressed the committee’s interest in SAU consolidation and county-wide restructuring. He said business administrators often manage multiple budgets, attend school board meetings, and serve as a visible point of contact for the community. He argued that consolidation would create operational and financial challenges, including staff and facility relocation, differing accounting systems, lack of a standardized chart of accounts, and uncertain return on investment. He said the biggest obstacle would be local control, especially in small towns that do not want outside decisions affecting school closures, class sizes, or student transportation. Committee members questioned him about the distinction between administrative and academic control, the size of district offices in larger cities, and what might reduce administrative costs; Bates responded that many administrative costs stem from legislation and that consolidation would be difficult to implement without local support.
KY

Kentucky 2026 Regular Session

Senate Standing Committee on Agriculture. (3-24-26)

Agriculture

Transcript Highlights:
  • And I like about this bill is that it's all of that information on valuation up front in the negotiating
  • that it's all of that<00:10:05.720><c> information</c><00:10:06.320><c> on</c><00:10:06.400><c> valuation
  • </c><00:10:07.200><c> that</c><00:10:07.440><c> up</c> that information on valuation that up that information
  • on valuation that up front<00:10:08.360><c> in</c><00:10:08.520><c> the</c><00:10:08.600><c> negotiating
Committee: Senate Agriculture
TX

Texas 89th Regular

Senate Session (Part III) May 22nd, 2025

Texas Senate Floor Meeting

Transcript Highlights:
  • author, and it is specific to the issues you're talking about regarding the impact of these property valuation
  • But we're gonna have to continue to work together on the impact of these property valuation studies and
  • forward with a bill like Senator Bettencourt has before the committee right now on that exact property valuation
  • when you're talking about the variations of districts with need and the differences in property valuations
Bills: HB2 , HB6 , HB18 , HB43 , HB138 , HB180 , HB300 , HB581 , HB647 , HB748 , HB762 , HB 1240 , HB1393 , HB1397 , HB1584 , HB1734 , HB2011 , HB2254 , HB2286 , HB2434 , HB2467 , HB2468 , HB2495 , HB2516 , HB2518 , HB2529 , HB2564 , HB2712 , HB2713 , HB2715 , HB2765 , HB2898 , HB3146 , HB3161 , HB3348 , HB3800 , HB4044 , HB4341 , HB4370 , HB4384 , HB4386 , HB4396 , HB4490 , HB4809 , HB5057 , HB5323 , HB5534 , HB5668 , SB203 , SB317 , SB719 , SB731 , SB801 , SB867 , SB1071 , SB1232 , SB1798 , SB2082 , SB2363 , SB2603 , SB2607 , SB2717 , SB2797 , SB2841 , SB2919 , SB3038 , SJR5 , SB4 , SB9 , SB21 , SB23 , SB27 , SB34 , SB40 , SB75 , SB213 , SB458 , SB482 , SB493 , SB647 , SB648 , SB840 , SB841 , SB843 , SB912 , SB1241 , SB1253 , SB1350 , SB1388 , SB1423 , SB1535 , SB1559 , SB1709 , SB1789 , SB1951 , SB2037 , SB2143 , SB2155 , SB2544 , SB1 , SB17 , SB260 , SB509 , SB1506 , SB1637 , SB1833 , SB2308 , HB2525 , HJR133 , HB1393 , HB26 , HB388 , HB2712 , HB1633 , HB685 , HB2286 , HB1606 , HB1458 , HB 1240 , HB2791 , HB3146 , HB1397 , HB2061 , HB647 , HB4738 , HB2563 , HB 128 , HB581 , HB766 , HB2259 , HB2358 , HB4384 , HB748 , HB1734 , HB5180 , HB3806 , HB3804 , HB3803 , HB1522 , HB3597 , HB1612 , HB4224 , HB1314 , HB 1237 , HB3126 , HB2856 , HB3114 , HB3505 , HB5652 , HB2025 , HB3395 , HB2495 , HB18 , HB2516 , HB2713 , HB24 , HB519 , HB609 , HB1592 , HB3348 , HB 120 , HB6 , HB1533 , HB2421 , HB2273 , HB2464 , HB2011 , HB5057 , HB5084 , HB5534 , HB5668 , HB3424 , HB2715 , HB2564 , HB2765 , HB2898 , HB3800 , HB4396 , HB4341 , HB43 , HB5686 , HB2467 , HB2468 , HB2518 , HB4310 , HB4386 , HB4490 , HB180 , HB5323 , HB2 , HB149 , HB4945 , HB2434 , HB2529 , HB3161 , HB3745 , HB4044 , HB5155 , HB5667 , HB4996 , HB2697 , HB2492 , HB2355 , HB2282 , HB2001 , HB1902 , HB1866 , HB1445 , HB1443 , HB 1306 , HB 1024 , HB908 , HB305 , HB285 , HB449 , HB171 , HB47 , HB3464 , HB2637 , HB4263 , HB5436 , HB4429 , HB3986 , HB3966 , HB3510 , HB2560 , HB2026 , HB2688 , HB4076 , HB5246 , HB3487 , HB3486 , HB4226 , HB216 , HB742 , HB2402 , HB143 , HB5033 , HB4413 , HB4042 , HB2440 , HB4426 , HB49 , HB4112 , HB3233 , HB2310 , HB5515 , HB3627 , HB2674 , HB322 , HB1481 , HB 126 , HB3062 , HB3421 , HB3180 , HB2530 , HB2524 , HB1916 , HB3153 , HB5650 , HB4894 , HB3120 , HB1629 , HB 103 , HB3234 , HB3680 , HB5698 , HB3171 , HB5693 , HB2694 , HB5664 , HB3732 , HB2508 , HB2293 , HB1991 , HB2014 , HB5331 , HB5247 , HB4751 , HB4690 , HB4668 , HB4464 , HB4395 , HB4063 , HB3833 , HB3623 , HB3214 , HB3512 , HB3250 , HB3016 , HB2520 , HB2221 , HB2213 , HB3824 , HB2067 , HB1732 , HB1562 , HB700 , HB1545 , HB252 , HB146 , HB5596 , HB1851 , HB3619 , HB3071 , HB3556 , HB851 , HB4230 , HB5320 , HB5651 , HB5670 , HB5665 , HB5437 , HB5679 , HB5699 , HB5661 , HB5662 , HB5654 , HB5672 , HB5656 , HCR141 , HCR118 , HCR127 , HCR40 , SJR36 , SJR50 , SJR63 , SCR12 , SCR39 , SB2023 , SB62 , SB666 , SB847 , SB284 , SB854 , SB810 , SB1505 , SB583 , SB507 , SB1434 , SB1772 , SB2016 , SB1122 , SB731 , SB397 , SB508 , SB1436 , SB287 , SB1882 , SB393 , SB1791 , SB209 , SB2429 , SB1085 , SB1975 , SB2717 , SB1262 , SB636 , SB2056 , SB884 , SB1200 , SB1845 , SB2458 , SB801 , SB3014 , SB3013 , SB758 , SB2797 , SB2076 , SB2876 , SB1640 , SB1449 , SB1181 , SB1234 , SB2926 , SB2841 , SB1528 , SB1854 , SB317 , SB1250 , SB2082 , SB1237 , SB2819 , SB629 , SB2608 , SB1602 , SB2009 , SB867 , SB640 , SB1698 , SB2680 , SB913 , SB1071 , SB1086 , SB1087 , SB1483 , SB1444 , SB1553 , SB1556 , SB1703 , SB2133 , SB2297 , SB2298 , SB2622 , SB2955 , SB2334 , SB1367 , SB2044 , SB2363 , SB2565 , SB1888 , SB3036 , SB3057 , SB3043 , SB3063 , SB3035 , SB203 , SB2688 , SB2522 , SB2459 , SB2655 , SB2251 , SB1884 , SB2928 , SB2566 , SB1749 , SB2549 , SB2553 , SB2919 , SB1944 , SB1232 , SB1798 , SB2603 , SB2607 , SB2683 , SB1319 , SB3038 , SB3045 , SB1538 , SB3071 , SB3065 , SB823 , SB3062 , SB3074 , SB1380 , HB6 , HB581 , HB1393 , HB1734 , HB2286 , HB2467 , HB2468 , HB2495 , HB2529 , HB2564 , HB2765 , HB2898 , HB3146 , HB3348 , HB3800 , HB4341 , HB4386 , HB4490 , HB5057 , HB5323 , HB5534 , HB5668 , HB2 , HB2715 , SR530 , SR552 , SB482 , SB493 , SB841 , SB912 , SB1241 , SB1350 , SB1388 , SB1559 , SB1951 , SB2143 , SB2155 , HB205 , HB220 , HB561 , HB2078 , HB2300 , HB2652 , HB3335 , HB3441 , HB4212 , HB4879 , HB5228 , HB5616 , HB205 , HB220 , HB561 , HB2078 , HB2300 , HB2652 , HB3335 , HB3441 , HB4212 , HB4879 , HB5228 , HB5616
WA

Washington 2025-2026 Regular Session

House Appropriations Feb 18th, 2026 at 04:00 pm

Appropriations

Transcript Highlights:
  • The state actuary indicates no impact from this, as these would be actuarially equivalent.
  • payment. changes to the data processing systems to increase this lump sum payment limit and the state actuary
Bills: SB5109 , SB5835 , SB6065
OK

Oklahoma 2026 Regular Session

Senate Legislative Session Mar 25th, 2026

Oklahoma Senate Floor Meeting

Transcript Highlights:
  • All I can go off of is what the actuary tells us, and it says it will drop the...
  • As we've often seen in this committee, the actuarial appeal...
  • This bill in particular, based upon the actuarial analysis, there's actually been multiple actuarial
  • They have to make that determination based on actuarial reviews.
  • It has to be actuarial based. They do not get to just arbitrarily call rates.
Summary: The Senate first handled several gallery introductions recognizing visiting groups, including Muskogee Day, domestic violence advocates, Wagner High School leadership students, the Bixby Chamber and football team, and the Heartland Home Educators co-op. The chamber also adopted a motion to suspend debate rules for the remainder of the day so third-reading bills could be debated under shortened time limits. Senate Bill 134, which shortens the waiting period for Oklahoma Public Employees Retirement System retirees to return to public employment from one year to six months, drew questions about “double dipping,” actuarial impact, and workforce shortages. The author said the bill was requested by the Association of County Commissioners to help counties retain experienced workers, noted an actuarial estimate that the system would drop from 107% to 105% funded, and explained there were no special safeguards beyond existing limits. The bill advanced and then passed 47-0. Senate Bill 196, a measure naming multiple bridges, highways, and interchanges for veterans, law enforcement officers, and other honorees, was presented as a personal bill by the author, including a bridge named for his grandfather. After brief questions, it advanced and passed 47-0. Senate Bill 1636, which allows immediate family members or similar individuals to request OSBI review of cold homicide cases after a local law enforcement case-file review, also advanced after questions about eligibility, timing, and workload; supporters said it would give families a path to seek answers in long-unsolved cases. It passed 47-0. The chamber then considered Senate Bill 1725, which addresses expressive activity on higher-education campuses by allowing content-neutral security fees, limiting discipline to narrowly defined harassment, and requiring free speech training for first-year students. Debate centered on campus free speech, university accountability, and whether the bill would add costs or sufficient enforcement; it passed 40-17 and was advanced as an emergency measure. Senate Bill 1726, a companion bill requiring training for graduate assistants who teach, emphasizing classroom management, academic integrity, and viewpoint neutrality, passed 41-7 and was also advanced as an emergency measure. Finally, Senate Bill 259, a long-debated water bill requiring metering or approved measuring devices for groundwater use, drew extensive discussion over costs, property rights, regional differences, and regulation of irrigators; the bill was advanced to final passage after a 34-8 vote, with debate continuing at the end of the transcript.
MN

Minnesota 2025-2026 Regular Session

House Commerce Finance and Policy Committee 3/18/26

Commerce Finance and Policy

Transcript Highlights:
  • analyses of these and suddenly actuarial analyses of these and suddenly it<00:34:56.560><c> changed<
  • analysis has even if the actuarial analysis has even caught<00:35:00.880><c> up</c><00:35:01.040><c>
  • friends is have they even ask my actuary friends is have they even caught<00:35:14.480><c> up</c><00
  • Um and I would invite<00:36:12.400><c> any</c><00:36:12.640><c> actuary</c><00:36:13.119><c> who's</c
  • ><00:36:13.359><c> listening</c> invite any actuary who's listening invite any actuary who's listening
Bills: SF1750 , HF4250 , HF3938 , HF3904 , HF3642
FL
Transcript Highlights:
  • Patients requires the DCF in collaboration with the submit a report on the valuation to include findings
  • Correct. >> Instead, it required to review a valuation and recommendation and collect data and where
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Public Service Jun 21st, 2026 at 01:00 pm

Joint Committee on Public Service

Transcript Highlights:
  • When you go from an actuarial standpoint, they do. So there's no impact to the town of Plymouth.
  • When you go from an actuarial standpoint, they do. So there's no impact to the town of Plymouth.
  • Actuary evaluations that are done at least biannually by all retirement systems do have in their schedule
  • contribution would be calculated based on current staff salaries at a rate set by the retirement actuarial
  • It's all actuarially determined, and the cost is significant for the Commonwealth, as we heard in earlier
Summary: The Joint Committee on Public Service heard testimony on a wide range of retirement, municipal workforce, and public employee labor bills. Early testimony focused on H. 2749, a Plymouth home rule petition to classify Plymouth harbormaster employees as Group 4 for retirement purposes. Supporters, including local officials and retirement board representatives, argued the employees perform law-enforcement and rescue duties comparable to police and fire personnel, that the change would be fair, and that it would have little or no fiscal impact on the town. A separate harbormaster-related bill, H. 2743, was also introduced later in the hearing. The committee also heard testimony on provisions of the Municipal Empowerment Act (H. 56), including a temporary critical-shortage exemption allowing retired state or municipal employees to return to work in hard-to-fill positions, and a renewed OPEB commission to study retiree health care costs. Administration and municipal officials said the measures were needed to address staffing shortages and rising benefit liabilities, while emphasizing the shortage exemption would be time-limited and require proof of recruitment efforts. Related retirement bills drew support and caution: advocates for higher COLA bases and enhanced COLA benefits urged relief for retirees, but some asked the committee to wait for recommendations from the special COLA commission before acting. A major portion of the hearing concerned labor rights at the Massachusetts Water Resources Authority and the Committee for Public Counsel Services. Union representatives and employees backed bills to extend just-cause protections, promotional rights, and collective bargaining rights to MWRA and CPCS workers, arguing they currently lack protections available to most other public employees. Testimony described unfair discipline, delayed promotions, and high turnover, and committee members indicated prior favorable action on similar MWRA bills and expressed support for addressing CPCS labor rights. The committee also heard from representatives of the Massachusetts Municipal Association and public higher education employees in support of H. 2820, which would require timely funding of ratified state employee contracts, with witnesses describing long delays in receiving negotiated raises and back pay. No votes were taken during the hearing, and the chair repeatedly invited written testimony and closed each panel after questions.
LA

Louisiana 2026 Regular Session

Insurance Apr 1st, 2026

Insurance

Transcript Highlights:
  • And so I guess my question would be, have you done some kind of actuarial analysis to...
  • My question would be, have you done some kind of actuarial analysis to see if that really benefits us
  • We have consultants, attorneys, actuaries that look at this, and they advise the trustees on how to design
  • We have consultants, attorneys, actuaries that look at this, and they advise the trustees on how to design
  • We have consultants, attorneys, actuaries that look at this, and they advise the trustees on how to design
Committee: House Insurance
WA

Washington 2025-2026 Regular Session

House Floor Session Feb 16th, 2026 at 09:00 am

Washington House Floor Meeting

Transcript Highlights:
  • that those promises can be kept over time by asking the Office of Insurance Commissioner to review actuarial
  • The Office of Insurance Commissioner to review actuarial reports to ensure long-term solvency, so our
  • I just have one issue with it, and that's the duplicative analysis of the actuarial reviews that can
  • I just have one issue with it, and that's the duplicative analysis of the actuarial reviews that can
Summary: The House convened with a quorum, offered the Pledge of Allegiance and prayer, approved the prior day’s minutes, and adopted House Resolution 4691 recognizing Presidents’ Day. Supporters of the resolution praised presidential leadership and civic ideals, while one member used the occasion to note the historical harms and contradictions of figures such as Washington, Lincoln, and FDR. The resolution was adopted by voice vote, and the House also recognized visiting former legislators and Black leaders in the chamber. The chamber then took up several bills, often suspending the rules to move measures directly to third reading. Second Substitute House Bill 1923, creating a local option for passenger-only ferry districts, passed 84-11 after debate over ferry reliability, local control, and possible tax “stacking.” Substitute House Bill 2475, requiring language-accessible public programs and services, passed 62-33 amid support for access and safety and opposition over unfunded mandates, overregulation, and concerns about technology and assimilation. Engrossed Substitute House Bill 2508, clarifying the Office of Independent Investigations’ authority, passed 90-6 after a technical amendment; supporters said it would improve police accountability processes, while some noted remaining concerns about investigations. House Bill 2464, requiring reporting and law-enforcement response data for incidents at private detention facilities, passed 58-38, with supporters emphasizing transparency and critics calling it political and questioning the agency chosen to collect the data. Substitute House Bill 2203, creating reckless interference with emergency barricades, passed 94-2 after testimony about flood rescues and the need for stronger deterrence. Second Substitute House Bill 2384, increasing oversight of continuing care retirement communities, passed 78-14; supporters cited senior protections and solvency, while opponents worried about duplicative costs. Second Substitute House Bill 2333, allowing certain campaign funds to be used for security and related protections for elected officials and candidates, passed 71-21 after debate over political violence and concerns about self-dealing. Second Substitute House Bill 1909, creating a Court Unification Task Force, passed 56-36, with supporters citing inconsistent court administration and opponents defending local control. The House also passed Second Substitute House Bill 1906 on water system rate transparency and consumer protection, 91-1; Engrossed Substitute House Bill 2548 on health care market standards and mergers, 53-38; Substitute House Bill 2405 establishing a PTSD pilot program with early treatment and return-to-work provisions, 90-1; and Substitute House Bill 2323 creating a Blue Envelope Program for autistic and neurodiverse drivers during traffic stops, 92-1. Throughout the day, members frequently split along lines of transparency, consumer protection, public safety, local control, and concerns about mandates or regulatory burden.
NH

New Hampshire 2025 Regular Session

House Science, Technology and Energy (02/11/2025)

Science, Technology and Energy

Transcript Highlights:
  • and the swept rate so valuation and the swept rate so basically<00:10:16.480><c> it's</c><00:10:16.640
  • He said it goes on to say it will result in a change in the overall statewide equalized valuation and
  • For electric and gas, it was a valuation of assets at 70% original cost and 30% net book cost.
  • For electric and gas, it was a valuation of assets at 70% original cost and 30% net book cost.
  • Right now, the swept tax rate is only about $1.23 to $1.24 per thousand of valuation.
CA
Transcript Highlights:
  • Fourth, SB 1329 sets up a dangerous precedent for industry-specific valuation rules.
  • This bill would hardwire artificially low valuation formulas into statute.
  • This bill would hardwire artificially low valuation formulas into statute.
Summary: The Assembly Revenue and Taxation Committee held a final hearing on a series of Senate bills, with the chair explaining the committee’s suspense-file process and then taking up measures in regular order and later from suspense. SB 1329 on solar property tax assessment drew the most extensive testimony: the author and industry supporters said it would create statewide assessment standards, exclude intangibles, and provide certainty for solar development, while county assessors and county representatives opposed it as a statutory formula that would undercut fair market value and reduce local revenue. The bill was sent to suspense during the first portion of the hearing and later passed suspense 5-2 after amendments. SB 661, dealing with airport funding and aviation fuel tax revenues, also generated support from airport and local government representatives but opposition from airlines over the proposed distribution formula; it was referred to suspense and later passed 7-0 with amendments. SB 1172, which places guardrails on tax-sharing agreements, was supported by local governments and retailers; after the author accepted committee amendments, opposition was withdrawn and the bill passed 4-2 to the floor. SB 9-1-1, a wildfire safety measure using the Preliminary Change of Ownership Report to notify fire agencies about defensible-space compliance, was supported by fire chiefs and wildfire-safety advocates but opposed by assessors; it passed 5-2 to Appropriations. SB 1408, authorizing Contra Costa County to place a transportation sales tax on the ballot, passed 4-2 to the floor. SB 1072, the housing omnibus bill, passed 7-0, and SB 1424, expanding a sales tax exemption for zero-emission vehicle fueling equipment, was held in committee after support from hydrogen and electric transportation advocates and no opposition. In suspense-file action, the committee also passed SB 1435, SB 288, SB 296, SB 420, SB 881, SB 888, SB 1053, SB 1406, and SB 1407, while SB 353 and SB 1249 were held. The chair closed by thanking members, staff, stakeholders, and a retiring consultant, and adjourned the committee.
NM

New Mexico 2026 Regular Session

House - Agriculture, Acequias And Water Resources Jan 29th, 2026 at 09:07 am

House Agriculture, Acequias And Water Resources

Transcript Highlights:
  • So we think that a person shouldn't lose their agricultural valuation simply because of an infrastructure
  • Agriculture production operates on very narrow margins of profit, and the loss of that agricultural valuation
  • We have to really look at this comprehensively, for both ag valuation and also, or not.
FL

Florida 2025 Regular Session

Banking and Insurance Mar 25th, 2025

Transcript Highlights:
  • And when we went to sell them, we were offered 3 different valuations.
  • And the the spread on the valuations was extraordinarily high because they were gold coins.
  • That valuation would be known at the at the time of death immediately.
MN

Minnesota 2025-2026 Regular Session

Human services panel hears HF729 2/26/25

Minnesota House Floor Meeting

Transcript Highlights:
  • /c><00:10:28.480><c> care</c> explained um those in-depth care explained um those in-depth care valuations
  • valuations valuations these<00:10:30.399><c> can</c><00:10:30.640><c> take</c><00:10:31.000><c> up</
WA

Washington 2025-2026 Regular Session

Senate Ways & Means Mar 9th, 2026

Transcript Highlights:
  • If you think about it, everyone from a PBM or an actuary, hospitals, all the way down to the parking
  • If you think about it, everyone from a PBM or an actuary, all, hospitals, a PBM or an actuary, hospitals
Summary: The Ways and Means Committee held its last scheduled public hearing of the year on March 9, 2026, taking testimony on House Bill 2487, Substitute House Bill 2689, and Engrossed House Bill 2681. For HB 2487, staff and the Department of Revenue explained that the bill would narrow a B&O tax exemption for insurance-related businesses after a 2024 Supreme Court decision, make several related changes including annuity and assigned risk plan exemptions, adjust the advanced computing surcharge threshold for certain affiliated groups, and allow a penalties-and-interest waiver with a repayment plan. DOR supported the bill as clarifying the original intent and preventing double taxation, while insurers and health plan groups opposed it, arguing it would create higher costs, retroactive tax liability, and uncertainty; consumer and policy groups testified in support, saying it closes a loophole and restores the intended tax structure. Committee members questioned the retroactivity, the number of affected businesses, and the fiscal estimates, and the chair reminded members that amendment requests were due by noon for the next day’s executive session. For Substitute HB 2689, staff described changes to the Working Connections Child Care program that would keep income eligibility at 60% of state median income, reduce future rate-setting from the 85th to the 75th percentile, block enhanced rates for certain cross-region providers, cancel the planned move to enrollment-based prospective payments, revise attendance-based reimbursement to a full month for absences of 10 days or fewer and half-month for longer absences, and require a 65% market survey response rate for validity. The fiscal note projected substantial savings, offset by implementation and staffing costs. SEIU 925 and Head Start representatives supported the simpler House approach to attendance billing but raised concerns about the new survey threshold and the risk of increased audits and provider burden; they also noted an amendment under discussion to address the 2026 survey issue. Committee questions focused on how a full month is defined under the attendance rules. For HB 2681, staff said the bill would raise annual issuance and renewal fees for cannabis producer, processor, and retail licenses by $400, generating about $866,000 per year for the dedicated cannabis account with minimal administrative cost. No one signed up to testify, and the chair closed the hearing without a vote on any of the bills. The chair also thanked committee staff for their work and reiterated that amendments for the heard bills were due by noon that day.
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
  • </c> 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><c> at</c><01:23:01.280><c> what</c><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.
MI

Michigan 2025-2026 Regular Session

Finance, Insurance, and Consumer Protection 26-06-23

Finance, Insurance, and Consumer Protection

Transcript Highlights:
  • The statute under 205 also covers valuation and exemption as MCL 211.53C.
  • The statute under 205 also covers valuation and exemption as MCL 211.53C.
Summary: The Senate Committee on Finance, Insurance, and Consumer Protection met with a quorum, adopted the June 17 minutes, and took testimony on several bills. Senate Bill 1053, sponsored by Chair Kavanaugh, would raise the acreage cap for neighborhood enterprise zones from 15% to 20% for certain zones. Supporters from Invest Detroit and the City of Detroit said the change would help make housing and redevelopment projects viable, especially in high-tax areas like Detroit, and the bill was reported to the floor on a 6-2 vote. The committee also heard Senate Bill 988, sponsored by Senator Santana, which would extend from 30 to 35 days the deadline to appeal a denied poverty exemption to the Michigan Tax Tribunal. The sponsor and Detroit’s property assessment director described it as a technical alignment with the Tax Tribunal Act and a correction to conflicting timelines; the bill drew support from the Michigan Poverty Law Program, the Michigan Chamber, and the Tax Tribunal, and was reported unanimously. The committee then adopted S-1 substitutes for Senate Bills 1041, 1042, and 1043, the price-gouging package sponsored by Senators Moss, Chang, and Kavanaugh. Sponsors of the price-gouging bills said the package would strengthen Michigan’s emergency price-gouging protections by defining excessive increases during declared emergencies, covering lodging, essential goods and services, and energy products, and giving the Attorney General clearer enforcement tools. Supporters included the Michigan Restaurant and Lodging Association and the Attorney General’s office, while the Michigan Chamber, Mackinac Center, and NFIB opposed the package. Despite the opposition, all three bills were reported to the floor on 5-3 votes. The meeting adjourned after all reported bills were approved.
ID

Idaho 2026 Regular Session

Mar 17th, 2026

Local Government and Taxation

Transcript Highlights:
  • Last year in House Bill 329, we took the utilities and converted them from a property tax based on valuation
  • Senator Groh, this is the first year of implementation, so the prior year they’ve been paying on valuation