Video & Transcript Research : 'foreclosure surplus'
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NM
New Mexico 2025 Regular Session
House - Appropriations and Finance Jan 22nd, 2025
House Appropriations & Finance
Transcript Highlights:
- And so that difference, that remainder, is something of a surplus.
- The state of New Mexico is going to have an abundance of surplus because we are saving in reserves and
- We take this huge surplus of both recurring and non-recurring funds, depending on how you want to spend
- How do we push that out and spread this surplus out over time?
- thing for the LFC budget priorities is trying to use those surpluses, not just spreading out the surplus
MN
Minnesota 2025 1st Special Session
Securing Human Services / Strengthening Election Integrity / Legislating Legacy Jun 8th, 2025
Minnesota Senate Floor Meeting
Transcript Highlights:
- c><00:20:08.000>
Well, <00:20:08.240>I <00:20:08.400>do Well, I do thank the surplus - into the legacy omnibus bill, although there's one article about park and trail, but there's other surplus
- trail but one article about park and trail but there's<00:20:41.679>
other <00:20:42.000>surplus - <00:20:43.280>
uh <00:20:43.360>in <00:20:43.600>the there's other surplus uh - in the there's other surplus uh in the environment<00:20:44.159>
committee <00:20:44.559>that
US
US Federal 2025-2026 Regular Session
Hearings to examine the nomination of Michael Faulkender, of Maryland, to be Deputy Secretary of the Treasury. Mar 6th, 2025 at 09:00 am
Finance Committee
Transcript Highlights:
- Do you—can you tell us when the last time this government had a surplus was?
- When that—when we last had a surplus? My recollection is that it was Bill Clinton.
- those revenue and cost lines up as a percentage of our overall economy, and that meant that we had a surplus
- , and we haven't had a surplus since.
- Yes, we have not had a surplus since 2000.
Keywords:
nomination, Deputy Secretary of Treasury, economic policy, inflation, tariffs, tribal nations, government relations
Summary:
The meeting convened to consider the nomination of Mike Falkender for the position of Deputy Secretary of the Treasury. During the session, multiple members voiced concerns regarding current economic policies under the Trump administration, particularly around inflation, tariffs, and the impact on small businesses. Discussions frequently centered on the administration's approach to tariffs and taxation, and how these factors contribute to the rising cost of living and potential job losses. Additionally, the importance of bolstering government-to-government relationships with tribal nations was emphasized, highlighting the need for specialized offices focused on tribal affairs within the Treasury Department.
FL
Florida 2026 Regular Session
FL House Floor Session - 2026-03-04 (10:00AM Session)
Florida House Floor Meeting
Transcript Highlights:
- lines review through the surplus lines clearinghouse before Citizens can quote or bind.
- Citizens may not issue new commercial coverage if an approved surplus lines offer provides comparable
- And just for a clarification, OIR has the full authority to regulate surplus lines, correct?
- This bill is specifically regarding the surplus lines clearinghouse. So 40% of the market, right?
- Senator Gruters: This bill is specifically regarding the surplus lines clearinghouse.
Summary:
The Senate opened with prayer, the Pledge of Allegiance, introductions, and a moment of silence honoring service members killed in the conflict in Iran, including Florida native Captain Cody Cork. The chamber then moved through a special order calendar, taking up several bills on education, public safety, insurance, health, and local government policy. Many measures were accompanied by sponsor explanations and supportive remarks from members, often emphasizing constituent impacts, public safety, and administrative efficiency.
The first major bill, SB 1062 on speech and debate education, was expanded through a delete-all amendment and passed 37-0 after extensive floor debate praising debate programs as a civic and educational tool. SB 1072 created an anti-Semitism task force in the Attorney General’s Office; an amendment clarified that criticism of Israel is not prohibited, and the bill passed 37-0. SB 1230/HB 1019 addressed PFAS “forever chemicals,” especially in firefighting foam, with phase-outs, testing, enforcement, and exceptions for certain federal, military, and emergency uses; it also passed 37-0 and was dedicated in memory of former firefighter Joe Casello. SB 1706 expanded the My Safe Florida Condominium Pilot Program with tighter eligibility rules, and SB 186 required broader seizure-response training and seizure action plans in schools; both passed unanimously.
The Senate also approved SB 598 updating funeral and cemetery regulation, SB 990 authorizing protected cell captive insurance companies, SB 554 modernizing nonprofit corporation law, SB 560 streamlining foster care medication and oversight procedures, SB 684 easing electronic signature requirements for total-loss vehicle and vessel titles, and SB 778 revising forensic client services for certain defendants with intellectual disabilities or autism. Several bills were temporarily postponed, including SB 432, SB 928, and SB 620. Most of these measures passed by votes of 36-0 or 37-0 after brief debate or no debate.
The most contentious item was SB 1134 on official actions of local governments related to DEI. The sponsor argued the bill would stop taxpayer funding and promotion of discriminatory or indoctrinating DEI practices, citing examples from several counties and cities. Multiple amendments sought to narrow penalties, protect good-faith officials, and preserve local proclamations and observances, including LGBTQ Pride Month and other cultural events, but those amendments were rejected. Debate centered on vagueness, local discretion, and whether the bill would chill legitimate government activity. The transcript cuts off during questioning on the underlying bill, before final disposition is shown.
CO
Colorado 2026 Regular Session
Colorado House 2026 Legislative Day 088 Apr 11th, 2026
Colorado House Floor Meeting
Transcript Highlights:
- years you can take to make up surplus years you can take to make up the<00:44:43.359>
difference. - surplus years such that since<00:45:03.200>
2526 <00:45:04.160>is <00:45:04.319>a - c><00:45:04.480>
non-surplus <00:45:05.200>year, <00:45:05.839>the since 2526 is- a non-surplus year, the since 2526 is a non-surplus year, the state<00:45:06.480>
can <00:45:07.839- >
is <00:59:38.319>gone The $4 billion surplus is gone. - c><00:45:04.480>
Summary:
The House convened, established a quorum, and approved the journal from April 10, 2026. After a brief opening that included the Pledge of Allegiance and roll call, the chamber moved into third reading. The first item was House Bill 1348, concerning use of money from the broadband infrastructure cash fund, which passed on final passage. The House then took up a series of bills dealing largely with education funding and program changes, including House Bills 1349 through 1358, covering prevention services in early childhood, school food programs, Healthy School Meals for All funding, Colorado reading and social studies assessment changes, repeal or phase-out of several teacher and school-related programs, and the Colorado Academic Accelerator Grant Program. Most of these measures were adopted, with some receiving notable no votes but still passing.
The chamber also considered House Bill 1359, which would credit money from removal of natural resources on public school lands to the state public school fund, and House Bill 1360, concerning the affordable housing financing fund. HB 1360 drew extended debate. Supporters argued it was consistent with Prop. 123 and TABOR-related funding rules, while opponents said it would divert money from the general fund, exceed what voters authorized, and create a precedent for using reserve-like funds to cover budget shortfalls. Despite the opposition, HB 1360 passed after a member changed a vote from yes to no. The House then adopted House Bills 1361 and 1362, repealing the pay for success contracts program and the Decarbonization Tax Credits Administration Cash Fund, respectively.
The final major item was House Bill 1363, which temporarily reduces the general fund reserve. This bill prompted the strongest opposition, with members arguing that the state was using a rainy day fund to cover self-inflicted budget problems, relying on future money, and failing to address underlying spending growth. Supporters of the bill said the reserve reduction was necessary to balance the budget and reflected difficult choices by the Joint Budget Committee. The bill nonetheless passed, and the House completed action on the listed third-reading calendar items.
WV
West Virginia 2026 Regular Session
WV Senate Finance Committee in Session Jan 15th, 2026 at 03:02 pm
Transcript Highlights:
- But even though we were 3.3% below prior year, we were 4.8% above estimate at a $254 million surplus.
- We were 4.8% above estimate at a $254 million surplus.
- The two biggest sources of surplus are personal income tax and sales and use tax.
- wanted to have a good sign that the economy is doing fine, it would be those two sources to show for surplus
Summary:
The Senate Finance Committee met with a quorum present and first approved the minutes from the January 15 morning meeting. The main agenda item was the Department of Revenue’s budget and revenue presentation from Secretary Eric Nelson, Deputy Secretary Peter Shirley, and Deputy Secretary Mark Mucco. Nelson said the state remains double-A rated with a positive outlook, the budget includes a 5% personal income tax reduction, and the 2027 general revenue estimate is $5.493 billion, up $170 million from the prior year. Shirley gave an economic overview, saying West Virginia is forecast to see continued but slowing employment growth, continued wage growth, gains in private education/health services and business services, declines in some sectors, improving labor force participation relative to the nation, and strong recent net in-migration. He also noted continued growth in natural gas production and a modest rebound in coal production, though coal faces longer-term demand pressure.
Mucco reviewed revenue trends and said 2025 collections were about $5.5 billion, below the prior year but above estimate, with personal income tax and sales tax driving the surplus. He explained that the forecast incorporates the 5% PIT cut and annual conformity to the federal One Big Beautiful Bill Act, including changes such as Section 179 expensing, bonus depreciation, R&D expensing, business interest deductions, and a new manufacturing facility expensing provision. He also discussed the effects of tax credits, severance tax volatility, declining tobacco revenues, and health care provider tax changes tied to federal Medicaid rules. He said road fund revenues are largely flat absent policy changes, and county commission revenues are growing faster than state revenues.
Members asked about when new economic development projects like NewCore would appear in the projections, how much 20,000 new jobs would matter, whether the department had a calculator for job-growth impacts, the status of recent tax cuts, road fund growth, tobacco/vape taxation, and whether migration data could be broken down by county. The witnesses said major projects are not yet in the S&P-based forecast but would likely add jobs, wages, and tax revenue over time; they estimated 20,000 jobs would be a significant increase. They also said the state is unlikely to hit the current personal income tax trigger in the near term. No substantive votes were taken beyond approving the minutes, and the committee adjourned after a motion carried by voice vote.
MN
Minnesota 2025-2026 Regular Session
House Republican Media Availability 5/19/25
Minnesota House Floor Meeting
Transcript Highlights:
- As you remember, $18 billion of surplus over the last two years was absolutely spent and raised another
- remember<00:03:52.159>
$18 <00:03:52.560>billion <00:03:53.200>of <00:03:53.440>surplus - <00:03:53.920>
over <00:03:54.159>the remember $18 billion of surplus over the remember - $18 billion of surplus over the last<00:03:54.560>
two <00:03:54.720>years <00:03:55.200
MN
Minnesota 2025 1st Special Session
Gov. Tim Walz delivers his State of the State address before Minnesota Legislature 4/23/25
Minnesota House Floor Meeting
Transcript Highlights:
- We'd have a surplus after this year. The wave won't crash this year, but it will crash.
- We'd have a surplus<00:19:19.440>
after <00:19:19.760>this <00:19:20.000>year. - <00:19:20.880>
The <00:19:21.120>wave <00:19:21.360>won't surplus after this - The wave won't surplus after this year.
ND
North Dakota 2025-2026 Regular Session
Senate Floor Session Apr 21st, 2025 at 12:30 pm
North Dakota Senate Floor Meeting
Transcript Highlights:
- civil remedy actions against property insurance insurers, notice of property insurance claims, and surplus
- transactions, exceptions for large commercial risks and fire property and casualty insurance rates, surplus
- of the North Dakota Century Code, relating to an exemption from search requirements for licensed surplus
- of the North Dakota Century Code, relating to an exemption from search requirements for licensed surplus
Summary:
The Senate reconvened and handled several House messages and conference committee appointments before taking up a series of bills. It appointed conference committees on Senate Bill 2265 and House Bills 1454, 1448, and 1524. The chamber also adopted a Senate amendment to House Bill 1216, delaying its effective date for the copay accumulator prescription drug bill to January 1, 2026, with later renewal timing for non-PERS plans.
House Bill 1216 then came up for final passage. Senators debated whether allowing copay accumulator programs to count manufacturer coupons toward deductibles would help patients with expensive drugs or unfairly shift costs to insurers and other policyholders. Supporters said it would help people afford life-saving medications and that the coupon payments go to pharmacies, not insurers; opponents argued it could raise premiums and create perverse incentives for drug pricing. The bill passed 29-18. The Senate also concurred in House amendments to Senate Bill 2160, which changes health insurance benefits under the Uniform Group Insurance Program to move from a grandfathered to a non-grandfathered plan, with supporters emphasizing added benefits and flexibility and opponents warning of higher costs and irreversible changes. That bill passed concurrence 33-14 and final passage 39-8.
The Senate next concurred in House amendments to Senate Bill 2339, the wildfire mitigation bill, which requires utility mitigation plans to be updated every two years, incorporate national electric standards, and creates a rebuttable presumption of reasonable care if the plan is followed. The bill then passed final passage 46-1. The chamber also adopted conference committee reports and passed House Bill 1460 on adult foster care and monitoring devices, House Bill 1440 on cigar lounge tobacco use, and Senate Bill 2374 on insurance-related provisions including property insurance arbitration, managed repair programs, and surplus lines issues; SB 2374 also added a study on towing and recovery coverage. The session ended with announcements of upcoming conference committee meetings and adjournment until April 22, 2025.
FL
Florida 2026 4th Special Session
February 3, 2026 - 02:30 PM
Transcript Highlights:
- continue to allow those policies on the commercial side to be shifted over to the private market through surplus
- So, to the extent that there wasn't a sufficient number of surplus lines carriers that wanted to participate
- The surplus lines market is one way that we're going to do that.
Summary:
The Insurance and Banking Subcommittee met with a quorum present and heard four bills. HB 1231, relating to final disposition, funeral, and cemetery services, was presented as a consumer protection and workforce modernization measure. After questions about hospice/funeral provider exclusivity, direct disposal licensing, causes of action, and funeral director/embalmer licensure, the bill was amended by strike-all to remove some provisions and add authorization and regulation of natural organic reduction. Support came from funeral industry representatives, and the bill was reported favorably with the committee substitute.
HB 943 would require Citizens Property Insurance Corporation to create a commercial lines clearinghouse by January 1, 2027, to move certain commercial residential and other commercial risks into the private market while maintaining current eligibility rules. The sponsor and members discussed Citizens’ remaining commercial exposure, surplus lines participation, and carrier financial-strength guardrails. A strike-all amendment conforming to the Senate version and making technical corrections was adopted, and the bill passed favorably with the committee substitute after supportive debate from members.
HB 1221, a Department of Financial Services bill, was described as streamlining DFS processes, improving licensing, updating the My Safe Florida Home Program, strengthening public adjuster protections, and modernizing unclaimed property rules. Three amendments were adopted: notice before a My Safe Florida Home application is deemed abandoned, removal of a misdemeanor disclosure requirement for certain licensure applicants, and a provision allowing public officials to appoint or promote relatives to firefighter positions through a competitive process in a collective bargaining agreement. Testimony was generally supportive, including from firefighters and unclaimed-property claimants’ representatives, and the bill was reported favorably with a committee substitute.
HB 99, concerning reinsurance intermediary managers, would exempt certain underwriting managers handling limited facultative reinsurance business from the intermediary manager statute and instead require an agency license. With no public testimony or debate, the bill was reported favorably. The meeting then adjourned.
AL
Alabama 2025 Regular Session
Alabama House Economic Development and Tourism Committee Apr 29th, 2025
Tourism
Transcript Highlights:
- It directs surplus funds from the Alabama 21st Century Fund toward energy infrastructure and economic
- Any amount above those payments must be transferred to SIDA. the use of these surplus funds.
- The bill transfers accumulated surplus funds from the 21st Century Fund in the following amount: $50
Keywords:
electric transmission, public highways, permit processing, economic growth, infrastructure, rural development, condemnation actions, state regulations, community development district, CDD, annexation, municipal annexation, wet municipality, dry county, wet county, Sunday alcohol sales, ABC Board, alcohol licensing, on-premises consumption, golf course
MN
Minnesota 2025-2026 Regular Session
Committee on Judiciary and Public Safety - Part 2 - 03/21/25
Judiciary and Public Safety
NH
Transcript Highlights:
- There are also surplus funds, which we report to fiscal on every two months, and we think of the surplus
- There are also surplus funds, which we report to fiscal on every two months, and we think of the surplus
- There are also surplus funds, which we report to fiscal on every two months, and we think of the surplus
- There are also surplus funds, which we report to fiscal every two months, and we think of the surplus
- And we think of the surplus funds as sort of our not stop-loss coverage, but sort of the emergency coverage
TX
Transcript Highlights:
- And we have developed this large, I think you said, $30 billion surplus over that time.
- It's about a $24 billion surplus for just this session. It's okay.
- We have one surplus. It's about $24 billion. That's what we call the surplus.
- In Texas, we have spent less, creating a surplus, and that has accumulated into what is the ESF, or the
- The surplus comes largely from the influx of cash from record high inflation.
Summary:
The House convened with a quorum, offered an invocation, led the pledges, and approved a series of routine motions, including excusing absent members and granting permission for several committees to meet while the House was in session. Members also adopted several memorial and recognition resolutions, including H.R. 1023 honoring Christian Beerbill, H.R. 1033 recognizing International Bereaved Mother’s Day, and H.R. 877 recognizing Urban League Advocates Day. The House also recommitted SB 17 and HB 4211 to committee and postponed SCR 27 and HB 2145 for later consideration.
The chamber then took up a long third-reading calendar of bills covering a wide range of topics, including Sunset review measures, health care workforce and pricing, child custody and family law, Medicaid, rural ambulance grants, energy reporting, public information requests, trail development, virtual meeting disruptions, occupational licensing, protective orders, county leave pools, animal cruelty, infrastructure, and higher education. Most bills were explained briefly by their authors and passed with broad support, though several drew notable opposition, including HB 5265, HB 2402, HB 3000, HB 3237, HB 3326, HB 1056, HB 281, HB 3308, HB 1043, HB 1234, HB 1193, HB 294, HB 809, HB 334, HB 2037, HB 285, HB 1353, HB 3960, HB 4044, HB 4264, HB 2807, HB 3349, HB 4406, HB 1593, HB 1899, HB 1201, and others.
Several bills prompted extended debate or amendments. HB 3237, extending public energy-use reporting for state and higher-education buildings, passed after questions about its public-sector-only scope and energy savings. HB 3326, addressing public service loan forgiveness credit for adjunct professors, initially failed on a 69-70 vote but later passed after verification and machine corrections. HB 3211, concerning optometrists in managed care plans, adopted a Buckley amendment before passing. HB 2213 on Texas Windstorm Insurance Association board composition adopted a Metcalf amendment requiring certain board members to be Texas residents. HB 412, dealing with harmful materials and sexual performance of a child, generated extensive questioning about its scope, existing legal standards, and effects on educators and medical professionals; the excerpt ends during that debate.
AZ
Transcript Highlights:
- The National Association of Insurance Commissioners has established a three-to-one premium-to-surplus
- based on the documents that you supplied... ...in 2025, Blue Cross had about a billion dollars of surplus
- Under the three-to-one premium-to-surplus ratio, the most it could have written in premiums was just
- premiums, so it exceeded the 3-to-1 ratio despite having only approximately a billion dollars of surplus
- on hand, and... ...despite having only approximately a billion dollars of surplus on hand.
MN
Transcript Highlights:
- had a giant surplus. had a giant surplus.
- You remember what you guys, what the Democrats did last time when we had a 18-plus surplus and found
- and found out we had a $6 plus surplus and found out we had a $6 billion billion billion deficit,<01
- And that was with an $18.5 billion surplus, we raised taxes by 10 billion.
- surplus, we raised taxes by 10 billion. surplus, we raised taxes by 10 billion.
Keywords:
child tax credit, financial assistance, low-income families, state revenue, tax policy, net investment income, taxation, business income, self-employment, tax increase, wealth tax, fairness, public services, high-income earners, economic equity, Internal Revenue Code, employee classification, federal law, Minnesota statutes, 1183
CA
California 2025-2026 Regular Session
Assembly Revenue and Taxation Committee Jun 15th, 2026
Transcript Highlights:
- California's agricultural sector is so productive that there is a surplus of products.
- SB 881 ensures that surplus agricultural products aren't wasted and instead help feed Californians in
- There's still cost borne by farmers when they're dealing with unmarketable or surplus foods, and this
Summary:
The Assembly Revenue and Taxation Committee met as a subcommittee, then later established a quorum and heard several tax-related bills. Chair Gibson reviewed committee procedures, including the suspense file for bills with revenue impacts over $150,000. SB 881 by Sen. McNerney would extend the farmer-to-food-bank tax credit through 2032 and the emergency food for families voluntary tax contribution through 2033; supporters from food banks, agricultural groups, local governments, and climate organizations said it would reduce food waste and help address food insecurity, with no opposition on the record. The bill was moved to suspense. SB 1406 by Sen. McNerney would target the so-called Montana tax loophole used to avoid California vehicle taxes and fees; supporters said it would recover up to $20 million annually and improve enforcement, while an opposition group warned the shell-company language could affect legitimate small businesses and passive owners. That bill was also sent to suspense.
SB 1349 by Sen. Gonzalez would direct the Legislative Analyst’s Office to review major state tax expenditures and evaluate whether they are meeting their intended goals. Supporters, including the California Teachers Association, tax reform advocates, school employees, and local governments, argued that California’s roughly $94 billion in annual tax expenditures need more accountability, especially given the state’s budget pressures. The committee approved SB 1349 on a due-pass-as-amended motion to the Assembly Appropriations Committee. The committee also approved two consent items, SB 1436 and SB 1437, on a due-pass motion.
Later, SB 1249 by Sen. Richardson proposed a $3,000 tax deduction for seniors ages 86 to 90 through 2032, with supporters from LeadingAge California saying it would help older adults cope with rising costs; the bill was referred to suspense. SB 1151 by Sen. Cervantes would codify infant formula as a food product for sales tax exemption purposes; the author and supporters said it would protect families from uncertainty and preserve tax relief for an essential product. Members discussed the high cost of formula, and the bill passed on a due-pass-as-amended motion to Appropriations. The committee then completed its business and adjourned.
MN
Minnesota 2025-2026 Regular Session
2026 Session preview with House Speaker Lisa Demuth (R-Cold Spring) Feb 6th, 2026
Minnesota House Floor Meeting
Transcript Highlights:
- Obviously our state went from having an $18 billion surplus, an explosive growth within our state budget
- where we're headed as a state, and we have to be responsible with that. from having an $18 billion surplus
- , an from having an $18 billion surplus, an explosive<00:08:54.160>
uh <00:08:54.320>growth
Summary:
House Speaker Lisa Demuth reflected on the 2025 session as a difficult but productive year in a closely divided House, saying the tie forced Republicans and Democrats to work together and empowered co-chairs and committee leaders to negotiate throughout the session. She said her partnership with former Speaker Melissa Hortman showed that both caucuses could still get work done even when neither side got everything it wanted, and she expects to continue that approach in 2026 if the House remains tied. She also said she has a workable relationship with DFL leader Zack Stevenson and wants to maintain respectful decorum while still allowing strong debate and committee input.
On policy, Demuth said gun violence and public safety remain major concerns after the Hortman assassination, the Annunciation school shooting, and other high-profile violence. She said Republicans are focused on keeping communities safe, increasing penalties for firearm-related crimes, and expanding mental health supports across the state, especially outside densely populated areas. She also said anti-fraud legislation will be a major priority, noting prior bipartisan steps such as whistleblower protections and added staff for the Legislative Auditor, and she expects bipartisan action on fraud again this session.
Demuth said immigration and ICE-related legislation will likely return, referencing last year’s House File 16 and saying cooperation with ICE would make Minnesota safer. She also pointed to budget concerns, saying the state moved from an $18 billion surplus to a tighter fiscal picture and that a $5 billion spending reduction last year was a step in the right direction. She said the February forecast will be important for setting responsible priorities and emphasized that the caucus’s goal is to keep working in a bipartisan way for Minnesotans.
FL
Florida 2025 Regular Session
December 9, 2025 - 03:00 PM
Transcript Highlights:
- Some might 85% as my a Dana fine, the potential population that may soon the eligible eligible for surplus
- So there is no wait lists for a surplus program, right?
- So when they determined that they have exceeded 85%, they now have a surplus opportunity to participate
MN