Video & Transcript Research : 'interest calculation'

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MN

Minnesota 2025 1st Special Session

House Higher Education Finance and Policy Committee 3/13/25

Higher Education Finance and Policy

Transcript Highlights:
  • This is certainly one that we know the committee is deeply interested in.
  • This is certainly one that we know the committee is deeply interested in.
  • This is certainly one that we know the committee is deeply interested in.
  • This is certainly one that we know the committee is deeply interested in.
  • determined and how awards are calculated determined and how awards are calculated in<01:08:00.440
Keywords: 1183, house
TX

Texas 89th Regular

Senate Session May 31st, 2025

Texas Senate Floor Meeting

Transcript Highlights:
  • By $70 would you like me to calculate? I'm sorry. Can you tell me?
  • I'm pulling up a calculator now, $140,000 divided by $70.
  • That was interesting because, you know, my kids got me hooked on TikTok.
  • The ICE officer is interesting because you mentioned training. They are all in masks.
  • I agreed with that for the nursing home operators interested. in selling their businesses.
Bills: SB27, SB1494, SB2121, SB2373, SB2431, SB1, SB8, SB12, SB13, SB15, SB30, SB37, SB260, SB268, SB331, SB379, SB441, SB447, SB457, SB568, SB650, SB763, SB1405, SB1506, SB1540, SB1566, SB1610, SB1637, SB1660, SB2018, SB2024, SB2217, SB2308, SB2337, SB2601, SB2753, SB2878, SB2900, SB2972, SB3059, HB4, HB40, HB46, HB119, HB145, HB300, HB493, HB705, HB1545, HB2011, HB2017, HB2067, HB2516, HB2885, HB2963, HB2974, HB3071, HB3372, HB3556, HB3595, HB3642, HB3909, HB5138, HB5246, 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, SB2549, SB2553, SB2919, SB1944, SB1232, SB1798, SB2603, SB2607, SB2683, SB1319, SB3045, SB3071, HB796, HB1523, HB5294, HB748, HB3395, HB180, HB3171, HB146, HB5596, HB5694, HB1135, HB3225, HB186, HB1449, HB3793, HB112, HB104, HB3336, HB3520, HB3320, HB5663, HB2399, HB111, HB3483, HB4580, HB3748, HB632, HB4730, HB5690, HB5689, HB3385, HB4359, HB5381, HB123, HB5606, HB1057, HB3664, HCR141, HCR40, HCR59, SR634, SR687, SR703, SR709, SR715, SB1494, SB2121, SB2373, SB2431, HB46, SB1, SB8, SB12, SB13, SB15, SB37, SB260, SB331, SB379, SB441, SB447, SB457, SB568, SB763, SB1405, SB1540, SB1566, SB2018, SB2308, SB2337, SB2878, SB3059, HB705, HB2017, HB2067, HB3071, HB3372, HB3556, HB3595, HB3909, HB5246
TX

Texas 89th Regular

Delivery of Government Efficiency Mar 5th, 2025

Delivery of Government Efficiency

Transcript Highlights:
  • Do you all have a process of how they would disclose that, any conflicts of interest or financial interests
  • Interest or vendor interest with any of the agencies that there's oversight.
  • Okay, that's interesting to know.
  • Not a number we calculate.
  • That's interesting. Any questions?
Keywords: 1184, house, all
AR
Transcript Highlights:
  • It just seems a little interesting that we've... ...and that discussion around that. Okay.
  • It just seems a little interesting that we vote on something, but we can't ask questions about it before
  • And this total award each year is calculated considering several factors.
  • And we'll discuss how that amount is calculated a little bit later in this presentation.
  • But the matrix calculates a per-student funding rate based on the cost of personnel and other resources
Keywords: 1204, all
Summary: The House and Senate Education Committee first approved minutes from February 2 and 3, then heard an interim study proposal on Arkansas adult education, presented by Goodwill Industries of Arkansas and the Excel Center network. Witnesses described the state’s adult diploma gap, arguing that roughly 300,000 Arkansans over age 19 lack a high school diploma or GED and that the Excel Center provides a supported, diploma-based alternative with child care, transportation help, tutoring, and career services. Goodwill officials said the Arkansas campuses are the state’s only public adult charter high schools, are not state-funded, and have produced strong enrollment growth and graduation outcomes. A University of Notre Dame researcher testified that a study of Excel Center graduates found higher employment and earnings, more credential and college-credit attainment, and lower criminal justice involvement, with a high estimated return on public investment. Some members questioned the framing of Arkansas’s adult education challenges and whether the state was being portrayed too negatively, while others asked about wraparound services and the role of nonprofit providers. The committee ultimately adopted the interim study proposal, though there was some procedural confusion and debate about whether questions should have come before the vote. The committee then received a detailed Bureau of Legislative Research presentation on Arkansas K-12 education funding as part of the adequacy study. Staff reviewed national funding principles and Arkansas’s funding structure, including state, local, and other revenues; the Public School Fund; Department of Education operations; and the Facilities Partnership Program. They explained that 2025 K-12 state and local revenues totaled about $6.6 billion, with foundation funding, categorical funding, supplemental funding, and additional funding distributed to districts and charters. The presentation covered the matrix used to calculate foundation funding, the role of the uniform rate of tax, the Educational Excellence Trust Fund, the Educational Adequacy Fund, and how charter schools are funded differently from traditional districts. Staff also discussed categorical programs such as alternative learning environments, English learner funding, enhanced student achievement, and professional development, as well as supplemental categories including transportation, special education high-cost occurrences, teacher salary equalization, declining enrollment, and student growth. Members asked numerous questions about the funding formulas, the meaning of specific staffing categories, how categorical funds are used, and the number of districts receiving teacher salary equalization or ALE funding. One member noted that the Excel Center’s funding appeared in the broader state-local totals and asked for clarification. Staff said some of the more detailed spending questions would be addressed in the next day’s presentation and offered to provide follow-up information, including district lists and historical changes. The meeting ended after the chair noted that the department was present mainly to answer questions, not to deliver a separate update, and no further business was taken up before adjournment.
NH

New Hampshire 2025 Regular Session

House Ways and Means (01/22/2025)

Transcript Highlights:
  • <00:07:50.560> in the public has an interest in the public has an interest in encouraging<
  • Behavior was against the public interest Behavior was against the public interest I<00:13:47.120
  • States lots lots of interesting States lots lots of interesting important<01:55:56.360> information
  • Littleton and um I'm an interested Littleton and um I'm an interested citizen<02:21:42.040> I
  • <02:24:25.359> of communities and the best interests of communities and the best interests
Keywords: 928, house, all
Summary: The public hearing focused on HB 290, which would raise cigarette and e-cigarette/vaping taxes and create a committee to study tobacco and nicotine tax policy. Representative Jerry Stringham introduced the bill as both a public health and revenue measure, arguing that nicotine use causes health harms and public costs, and that New Hampshire’s cigarette tax has been unchanged at $1.78 per pack since 2013. He said the bill would raise the cigarette tax by $1 per pack to $2.78, still below most New England states, and would also adjust vaping taxes, which he described as having been set as placeholder rates in 2019. He said the bill would also establish a study committee to review broader tobacco and nicotine taxation, including products such as premium cigars. In response to questions, Stringham said the proposed cigarette tax would be roughly equal in real dollars to the 2008 rate after inflation, and he suggested that a smaller annual increase could be considered, though he believed a larger increase would have a stronger public health effect. He explained that the vaping tax structure differs between closed and open systems because one taxes a fixed hardware product while the other taxes reusable liquid, and he said the proposal would move the rates toward a more uniform approach. He also said New Hampshire would remain below neighboring states even after the increase, though members raised concerns about cross-border shopping, business impacts, and preserving the state’s competitive advantage. Several members questioned whether the bill’s main purpose was revenue or reducing smoking and vaping. Stringham said he viewed it primarily as a public health bill, but also as a revenue measure, and said he would consider it successful even if consumption fell enough to reduce revenue. Other members emphasized personal freedom and argued the committee should focus on taxation rather than cessation, while some supported the bill as a way to capture revenue from out-of-state buyers and keep New Hampshire’s rates below surrounding states. The hearing consisted of testimony and questions only; no vote or final action was taken in the excerpt provided.
MN

Minnesota 2025-2026 Regular Session

Electricity as Vehicle Fuel Working Group 9/15/25

Minnesota House Floor Meeting

Transcript Highlights:
  • So, we're very interested in that work.
  • your interest in being the chair? your interest in being the chair?
  • <00:53:49.520> at<00:53:50.000> 1.575 calculated at 1.575 calculated at 1.575 MSRP MSRP
  • >> That's easily calculated. >> That's easily calculated.
  • calculation around that. calculation around that. >> Thank<01:15:11.840> you.
Keywords: 919, house, all
Summary: The meeting was the first session of the Minnesota Department of Transportation’s Electricity as a Vehicle Fuel Working Group. Commissioner Nancy Doenberger opened with introductions from members representing state agencies, legislators, utilities, local governments, industry groups, advocacy organizations, and others. The group then elected its leadership: Senator Anne Johnson Stewart was nominated and unanimously elected chair, and Representative Steve Elkins was nominated and unanimously elected vice chair. Senator Johnson Stewart said she would ensure all viewpoints are heard and asked MnDOT to continue running the meeting for practical reasons. Austin Turman of the Legislative Coordinating Commission reviewed the authorizing legislation. He explained that the working group must analyze electricity used as vehicle fuel infrastructure opportunities and barriers, develop a roadmap with policy and funding recommendations for sustainable transportation funding consistent with the Minnesota Constitution, and study other states’ approaches to equitable fuel assessment methods for electric vehicles. The group’s report is due February 13 and will go to the governor and legislative transportation leaders. Turman also briefly reviewed open meeting law requirements, noting the group must operate publicly when a quorum discusses official business, though public comment is not required. Members then discussed the purpose of the group and the need to find a fair replacement or supplement for declining gas tax revenue as EVs increase. Senator Johnson Stewart emphasized balancing system funding needs with user-based fairness, including differences in vehicle weight and road use. Representative Murphy stressed the need to consider rural Minnesota, taxpayer impacts, and current science, including climate and CO2 issues. Drive Electric Minnesota said EV drivers should pay their fair share and not be overburdened, while the Department of Revenue said it wants to administer the new EV charging-station tax fairly. A trucking representative highlighted that passenger vehicles and freight vehicles have very different operating and charging needs, suggesting the group consider those differences in any fee structure.
MN

Minnesota 2025 1st Special Session

Committee on Education Finance - 01/28/25

Education Finance

Transcript Highlights:
  • looked at um our internal calculations looked at um our internal calculations and<00:57:28.559><
  • 29.720> the and the calculations done by the and the calculations done by the Department<00:57
  • <00:57:43.240> between different codes and calculations between different codes and calculations
  • Heard lots of interest in more data such Heard lots of interest in more data such as<01:52:15.719>
  • lower treny rates but there was interest lower treny rates but there was interest both<01:52:27.880
Keywords: 1187, senate, all
Summary: The Senate Education Finance Committee met on January 28, 2025, to receive updates on chronic absenteeism work funded in the 2024 education finance bill. The chair introduced presentations from districts in the student attendance pilot program—Minneapolis, Columbia Heights, Chisago, and Rochester—and noted that the committee would also hear the student attendance and truancy legislative study group report and later a bill from Senator Weber. The chair also thanked educational assistants and paraprofessionals for their work in schools. Minneapolis Public Schools described common attendance challenges across pilot districts, including inconsistent attendance coding, weak family communication, difficulty identifying interventions, and uneven responses to absences. The district said pilot districts want statewide definitions for absences, tardies, and exempt codes, as well as better internal dashboards and clearer procedures. Minneapolis also highlighted strategies such as attendance teams at each school, quarterly postcards to families after five or more absences, Promise Fellows, home visits, multilingual communication through TalkingPoints, and a morning nurse line to help parents decide whether a child should stay home. The district said its main attendance goal is to raise consistent attendance from 68 percent to 80 percent by 2026. In response to committee questions, Minneapolis said its main post-COVID absenteeism reason has been illness or medical issues, followed by transportation problems, and that it does not penalize students for transportation-related absences. The district said it counts secondary absences when students miss more than three periods in a day, with truancy beginning after seven such absences, while elementary students are counted absent for the full day. Members also asked about whether reduced truancy referrals reflected more attendance or diversionary supports; the district said its approach is to focus on understanding root causes and providing support rather than quickly referring students to truancy processes. The district reported improved communication, greater parent awareness, and fewer truancy referrals so far, and said the attendance team model should be sustainable because it uses existing staff with clearer direction.
NY

New York 2025-2026 Regular Session

New York State Senate Session - 05/26/2026

New York Senate Floor Meeting

Transcript Highlights:
  • So we have not seen the scientific calculations on this. >> Madam President, will the sponsor continue
  • So why are we exempting that power from our greenhouse gas emission calculations?”
  • It is the other forms that we are exempting from the calculation.
  • IT IS THE OTHER FORMS THAT WE ARE EXEMPTING FROM THE CALCULATION.
  • I want to thank colleagues on both sides of the aisle for an interesting debate here today.
Keywords: 993, senate, all
Summary: The Senate convened, approved the prior journal, and then moved through a series of budget-related and ceremonial items. The chamber accepted Rules and Finance Committee reports and took up several budget extender and budget implementation bills, including the main appropriations extender and later a transportation, economic development, and environmental conservation budget bill. Senators questioned the sponsor extensively about the status of the remaining budget bills, the use of messages of necessity, and the absence of joint budget conference committees. The extender bill passed 59-2, and later budget-related measures were advanced after reconsideration and amendment. A major portion of the session focused on the environmental and energy provisions in the budget bill, especially changes to the Climate Leadership and Community Protection Act. Senators debated extending emissions targets, the role of cap-and-invest, utility affordability, ratepayer impacts, and the structure of a proposed blue-ribbon commission. Supporters said the changes were needed to give the state more time to implement the law and to protect affordability, while opponents argued the bill was a political delay that would not lower energy costs and relied too heavily on subsidies and future planning. The bill also drew questions about electric vehicle rebates, thermostat control programs, emergency diesel generation for Micron, and how imported electricity and out-of-state emissions would be treated. The Senate also adopted several previously adopted resolutions honoring the 50th anniversary of the National Black Caucus of State Legislators, India Independence Day, the New York State Veterans Hall of Fame, and the 50th anniversary of Interfaith Works of Central New York. Senators spoke in support of each resolution, highlighting the contributions of Black legislators, Indian-American communities, veterans, and refugee and interfaith service organizations. The Veterans Hall of Fame ceremony was specifically noted as a chamber event, and guests were recognized from the floor and gallery. In addition, the Senate restored recalled bills to the third reading calendar through reconsideration votes and amendments, including a highway law bill and another recalled bill, and then stood at ease for scheduled conferences and a Veterans Hall of Fame ceremony before resuming session. The transcript ended with discussion of a separate bill affecting automobile insurance serious-injury standards, with questions about what claims would remain available and whether the change would improve affordability.
HI
Transcript Highlights:
  • If you're interested in reviewing the written testimony, please go to our website.
  • Is that including interest, or is it just going to be straight?
  • I believe that calculation does not include interest.
  • Is it the intent to include interest if, in fact, it passes?
  • the Department of Taxation calculation the Department of Taxation calculation assumed<00:16:37.680
Keywords: 912, senate, all
Summary: The committee heard testimony on a series of tax, budget, and policy bills. On SB 325 and SB 326, the Tax Foundation testified and the committee later recommended passage with amendments. SB 721, SB 1278, and SB 1465 also drew Tax Foundation testimony focused on technical corrections and effective-date issues; SB 1278 was strongly supported by the Hawaii Restaurant Association and other restaurant and business groups, who argued the bill should extend tax relief to the federal Restaurant Revitalization Fund because it served the same purpose as earlier COVID relief programs. A bar owner also testified in support, describing severe pandemic-related losses and lack of government assistance. The Department of Taxation asked about the estimated fiscal impact of SB 1278, which was stated to be about $16.8 million and not including interest. The committee also considered SB 1464 through SB 1470, with the Tax Foundation supporting most of the conformity and tax measures and opposing SB 1465 as unnecessary. SB 1464 was recommended for passage unamended, SB 1465 with amendments, and SB 1466, SB 1467, and SB 1470 unamended. SB 1362 and SB 1363 were deferred so the administration could explore moving funds within the existing budget instead of using emergency appropriations. SB 1044 was amended to create a condominium loan program and special fund to finance essential repairs and improve insurability of condominium properties, with loans repaid over 20 years and the fund eventually sunsetted. The committee also acted on several other measures: SB 533 was amended to remove an appropriation and require a local investor-owned utility to support schools affected by a planned public safety power shutoff program; SB 1117 was amended to define electric motorcycles and prohibit operation by those under 18; SB 1186 was amended to move a food-production working group to the Agribusiness Development Corporation and remove an appropriation; SB 1391 was amended to require a one-to-one match of state funds with private donations; and SB 1669 was amended with committee-report language noting concerns about jurisdictional definitions and board qualifications. Later, the committee recommitted SB 933 and SB 938 to Ways and Means after adopting proposed SD1 versions. Most measures were adopted unanimously, often with members voting no with reservation.
TX
Transcript Highlights:
  • Interesting.
  • Interesting. Yeah.
  • Subject to interest rates set by the Federal Reserve, these interest-bearing accounts are projected to
  • Subject to interest rates set by the Federal Reserve, these interest-bearing accounts are projected to
  • of interest.
Bills: SB 1
ND

North Dakota 2025-2026 Regular Session

Water Topics Overview Committee Jun 10th, 2026

Transcript Highlights:
  • So my question is, is there interest?
  • And for future interest, I also don't have a good idea for you as of today on what the future interest
  • We have in the past at low interest rates.
  • So they're only paying interest on that $50,000.
  • And thank you for your interest.
Summary: The Water Topics Overview Committee met to receive interim status updates on several water-related studies and Department of Water Resources projects. The committee approved the March 26, 2026 minutes, observed a moment of silence for the late Representative Conmy, and then heard updates on the watershed management study and the stormwater/wastewater study. Staff reported that the committee had already received the testimony contemplated in the study plans, including input from state agencies, local governments, and out-of-state entities, and that any further action would be at the committee’s discretion. The Department of Water Resources then provided project and budget updates on NAWS and the Southwest Pipeline Project. Reese reported NAWS is expected to serve about 81,000 users, with a total projected cost of about $571 million and about $96 million remaining, while the Southwest Pipeline Project is estimated at $1.06 billion total with about $409 million remaining. Members asked about funding sources, capacity needs, and whether current and future construction is being designed for increased demand; department staff said current work is designed for ultimate capacity, but some future components may need redesign based on new requests. The committee also discussed local cost shares, Minot’s role in NAWS funding, and whether the system is adequate for peak demand. A major portion of the meeting focused on the department’s cash management, carryover, and long-term water funding outlook. The department said Resources Trust Fund revenues are tied to oil extraction taxes and are affected by stripper well exemptions and future oil price declines. Members expressed concern about large carryover balances and whether the state is obligating more money than can realistically be spent in a biennium. The department reported about $340.6 million in remaining carryover and said it is trying to reduce that through a two-tier pre-construction/construction process and closer project vetting. The department also summarized the Deloitte studies on regional governance and finance and on cost-share policy. Stakeholders generally favored keeping the current governance structures for NAWS and Southwest with improvements, while Red River stakeholders leaned toward a different option; the department said it will bring an implementation plan back in September. On cost share, Deloitte’s recommendations would reduce some percentages, prioritize projects differently, and use other measures to close a projected long-term funding gap. Members debated affordability, local burden, deferred maintenance, and whether statutory changes may be needed to allow the commission more flexibility in prioritizing and funding projects. No formal votes or final actions were taken beyond approving the minutes and receiving the updates.
TX

Texas 89th Regular

Senate Session (Part I) Jun 2nd, 2025

Texas Senate Floor Meeting

Transcript Highlights:
  • Her clinical interests focus on preventative medicine. And patient education.
  • It was an interesting group.
  • This is so interesting that I serve on his committee and he serves on my committee.
  • It's quite an interesting conversation. Senator Perry.
  • more importantly, I think... that are affected by this will realize that we're putting the best interest
TX

Texas 89th Regular

Senate Session (Part II) Jun 2nd, 2025

Texas Senate Floor Meeting

MN

Minnesota 2025-2026 Regular Session

Committee on Transportation - 04/10/25

Transportation

Transcript Highlights:
  • So with those I want to calculations.
  • to calculate and report the<00:10:54.480> the<00:10:54.800> ASR<00:10:55.440> the
  • But that's something I'd be very interested in talking about. Great, Miss Bradock. Yes. Thank you.
  • Um, I think this is interesting. Um, I would normally be supporting this.
  • Um I this is interesting much.
Keywords: 1187, senate, all
WY

Wyoming 2026 Regular Session

House Transportation, Highways & Military Affairs Committee, February 17, 2026

Transportation, Highways & Military Affairs

Transcript Highlights:
  • changed since then, so he believed the calculation was still accurate.
  • changed since then, so he believed the calculation was still accurate.
  • In my calculations at that time, which In my calculations at that time, which was<00:09:34.760> frankly
  • Any other state agencies interested? Seeing nobody jump into the mic.
  • Page one. other person interested in raising their other person interested in raising their hand<00:36
Bills: SF0095, SF0107, SF0112
AR
Transcript Highlights:
  • The merit pay slideshow that we got was something that people were really interested in, I guess.
  • And so I don’t think it’s quite fair to say that the parents aren’t interested in their children.
  • Then they'll be calculating learning gains, which we'll be able to release.
  • So I would be interested, yes, to know what they spent it on. Yes, thank you. Right.
  • So this grant provided $16.2 million in funds 245 districts based on a per student calculation.
Keywords: 1204, all
Summary: The Senate and House Education Committee approved the March 9 and 10 minutes and then heard a presentation on the Arkansas Excellence in Teaching Fellowship Program from Department of Education staff and three third-grade teachers from Cabot, Poyen, and Drew Central. The teachers described the year-long fellowship for high-performing merit pay recipients, saying it provided collaboration with educators across the state, shared resources, and ideas they brought back to their districts. Members asked about the teachers’ experience levels, how they shared information locally, and whether the program should be expanded to more teachers and districts. A major focus of the discussion was third-grade reading, the new ATLAS testing system, and the state’s third-grade retention law. The teachers said they do not teach to the test, but use standards, data, interventions, small groups, and relationships to help students grow. They described progress monitoring throughout the year, early screening in K-2, and interventions such as before-school tutoring, RTI meetings, and co-teaching. One teacher reported that six students in a small group improved 10 to 15 points on ATLAS, and another said a student who started the year reading four words per minute improved significantly with targeted support. Secretary Jacob Oliva said the state is trying to create clarity and alignment through Arkansas Learns, science-of-reading support, literacy coaches, and faster test-result turnaround, with student scores now available within about 24 hours and district-level results expected later in the summer. Members also asked about student poverty, trauma, ACEs, DHS involvement, social workers, community supports, and the role of counselors. The teachers emphasized that relationship-building is essential, especially for students facing unstable home situations, and described local supports such as backpack food programs, church donations, fire department incentives, and family assistance. Oliva said the fellowship was intentionally small in its first year because it targeted top-tier merit pay recipients, but he expects participation to grow. He also said merit pay and fellowship eligibility spans many grade levels and subjects, including kindergarten and hard-to-staff areas, and that D and F schools receive state literacy coaches. No additional committee votes or formal actions were taken beyond approving the minutes.
KY

Kentucky 2026 Regular Session

House Standing Committee on Economic Development & Workforce Investment (2-12-26)

Economic Development & Workforce Investment

Transcript Highlights:
  • If you're interested in testifying, be sure to let us know and sign up.
  • property, you're talking about surplus property, you have to go through a methodology of how you calculate
  • <00:09:15.120> But<00:09:15.279> those<00:09:15.519> are how you calculate that
  • But those are how you calculate that.
  • So we were a little surprised that there didn't seem to be a lot of interest to develop that plan.
Summary: The House Standing Committee on Economic Development and Workforce Investment met for its first meeting, reviewed housekeeping procedures, and established a quorum. The committee first considered House Bill 577, relating to economic development. The bill sponsor and a representative from Blue North said it would modernize Kentucky’s economic development statutes to better support startups and high-growth companies, rename the innovation center program as the Kentucky Entrepreneurship and Innovation Hub program, clarify statutory definitions, expand the Kentucky Enterprise Fund, allow certain out-of-state companies to qualify if they commit to becoming Kentucky-based within 180 days, and broaden the angel investment program to include pass-through entities. The committee approved HB 577 with a favorable expression. The committee then took up House Bill 392, relating to local public agency transactions, and adopted a committee substitute negotiated with stakeholders including the Kentucky Press Association and the Kentucky Association of General Contractors. The sponsor said the substitute removed the original bill’s best value and reciprocal bidder provisions, lowered the small purchase threshold from $60,000 to $50,000, and would increase that threshold by $10,000 every five years to account for inflation. It would also allow local governments to use certain state contracts with price ranges, permit independent evaluation of some small non-evaluative equipment, and exempt law enforcement vehicles and related equipment from procurement code requirements. HB 392, as amended by committee substitute, passed with a favorable expression. House Concurrent Resolution 16 was then heard. The sponsor, who had co-chaired the Air Mobility and Aviation Economic Development Task Force, said the task force held six meetings and heard from airports, aviation and education stakeholders, logistics companies, and others. She said the group found there was no real strategic plan for advanced air mobility and recommended that state agencies study infrastructure needs and that the General Assembly develop a strategic plan and legislation for AAM vehicles. Members discussed airport and drone-related issues, and the resolution passed with a favorable expression. Finally, House Bill 593, relating to data centers, was announced but passed over for a later hearing, and the committee adjourned.
NM
Transcript Highlights:
  • I think we hear some really interesting things. But, Madam Chair.
  • happens is, you said it perfectly, the point of sale software sometimes, if you get your receipt, it calculates
  • Because the tip is just the way the software is made, and so the tip is left off and they don't calculate
  • To just when it's all said and done, they can calculate that all back in there.
  • Right, so, Madam Chair and Representative, in the back end of a lot of these POS systems, it's just calculated
AR
Transcript Highlights:
  • The larger report would include all recipients, so if you were interested in a particular school district
  • There are two different types of average salary calculations that I'm going to discuss today.
  • I mentioned earlier that I'd be discussing a second methodology for calculating average salaries, and
  • I would just really be interested in a deeper dive of whatever you can find out about this other survey
  • I would just really be interested in a deeper dive of whatever you can find out about this other survey
Summary: The committee first approved the May 18 meeting minutes and then received a Legislative Audit presentation summarizing Arkansas Department of Education grant distributions for fiscal year 2025. Auditors said the department distributed about $4.6 billion in grants overall, including $3.2 billion from the Public School Fund, $1.1 billion in federal funds, and $268 million from other state and miscellaneous sources, across 56 Public School Fund programs, 14 other state programs, and 29 federal programs. Members asked about specific recipients and programs, including ClassWallet, master principal bonuses, Economics Arkansas, and CDC surveillance funding; audit staff and Department of Education representatives explained that the report was only a distribution summary and not a recipient-level audit. Members also questioned why many districts showed lower funding, and staff said the decline was largely due to reduced federal and one-time COVID-related funds. Senators and representatives also discussed whether some incentive programs, such as master principal and national board bonuses, were tied to student outcomes, and whether Economics Arkansas was the sole entity named in special language for financial literacy funding; department staff said they would follow up on several details. The committee then heard a Bureau of Legislative Research presentation on consumer price index projections from Moody’s Analytics and S&P Global, with discussion of CPI-U and core CPI estimates for future fiscal years. Dr. Carlos Silva explained that the forecasts generally trend toward about 2 percent over time and that recent projections may have understated actual inflation because of recent shocks. Members asked about the accuracy of past projections, and he said he would provide more detail later if needed. The bulk of the meeting focused on the final adequacy report on teacher recruitment, retention, and salaries. BLR staff reported that Arkansas had about 32,800 teachers and 473,000 students in 2025, with a statewide student-to-teacher ratio of about 14 to 1, average teaching experience of 11.9 years, and a slight increase in National Board Certified teachers. The report found that districts with higher poverty and minority concentrations generally had less experienced teachers, and that teacher shortages remained widespread, especially in special education, math, science, and foreign language. Members asked about licensure exceptions, alternative preparation pathways, incentives for ESL and special education endorsements, and the cost and return on investment of traditional versus alternative routes. Staff said some licensure exceptions are being phased out under Act 304 of 2025 and that they would follow up on several requested details. The report also found that teacher retention averaged 87 percent statewide in 2025, with districts retaining teachers at higher rates than charters, and that 30 percent of surveyed teachers were considering leaving the profession. Principals and teachers identified school leadership as the strongest positive factor in recruitment and retention, while workload and salary were the strongest negative factors. On salaries, BLR reported a statewide average teacher salary of $60,254 in 2025, with districts averaging $60,458 and charters $55,724. Arkansas ranked 45th nationally on average teacher salary in 2025, though its cost-adjusted ranking improved to 36th; among SREB states it ranked 12th, and among neighboring states it ranked fourth. Members asked about starting salaries, salary compression, district step increases, and whether the report should be shared more broadly with educators and school leaders. Staff said they would provide follow-up information on several questions, and the committee took no formal action beyond receiving the presentations and asking for additional data.
AR
Transcript Highlights:
  • So if you were interested in a particular school district for a particular grant, that information should
  • There are two different types of average salary calculations that I'm going to discuss today.
  • The average teacher salary for a given district or charter is calculated by summing the total teacher
  • I mentioned earlier that I'd be discussing a second methodology for calculating average salaries, and
  • I would just really be interested in a deeper dive of whatever you can find out about this other survey
Keywords: 1204, all
Summary: The committee first received a presentation from Legislative Audit on Arkansas Department of Education grant distributions for fiscal year 2025. Auditors explained the report summarizes $4.6 billion in grants to school districts, charter schools, education cooperatives, and other entities, with most funding coming from the Public School Fund and federal sources. Members asked about specific recipients and programs, including ClassWallet, master principal bonuses, Economics Arkansas, and CDC surveillance grants. Department of Education staff clarified that the audit report only shows distributions, not how recipients ultimately used the money, and noted that some funding declines reflected the end of one-time federal COVID relief dollars. Senators also asked about the special-language appropriation for Economics Arkansas and the use of public school fund revenues. The committee then heard a Bureau of Legislative Research presentation on Consumer Price Index projections from Moody’s Analytics and S&P Global, followed by a detailed adequacy-study update on teacher recruitment, retention, and salaries. The teacher report covered teacher counts, education levels, experience, shortages, preparation pathways, licensure exceptions, survey results, and salary trends. Key findings included about 32,800 teachers statewide in 2025, an average retention rate of 87%, and 30% of surveyed teachers saying they were considering leaving the profession. The report also noted shortages in special education, math, science, and other areas, growth in alternative preparation pathways, and the phaseout of several licensure exceptions under Act 304 of 2025. Members asked extensively about survey methodology, teacher satisfaction, preparation for classroom environment and special education, the cost and return on investment of alternative licensure routes, and whether exit-interview data exists statewide. The presenters said they could follow up on several questions, including details on alternative programs, incentives for ESL and special education endorsements, and comparisons to other surveys. On salaries, the report said the statewide average teacher salary in 2025 was $60,254, with districts averaging slightly higher than charters. Arkansas ranked 45th nationally on average salary in 2025, though 36th when adjusted for cost of living, and average district salaries had declined 8% in inflation-adjusted terms since 2016. Members also discussed the LEARNS Act minimum salary floor of $50,000, salary disparities among districts, and whether the state should focus more on retaining experienced teachers as well as raising starting pay.