Video & Transcript Research : 'Inflation'
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MN
Minnesota 2025 1st Special Session
House Energy Finance and Policy Committee 2/11/25 - Part 1
Energy Finance and Policy
Transcript Highlights:
- I think it's probably a combination of factors, including the compounding effects of inflation generally
- 00:43:35.559>
of including the compounding effects of including the compounding effects of inflation - 37.000>
the <00:43:37.160>cost <00:43:37.359>of <00:43:37.520>housing inflation - generally the cost of housing inflation generally the cost of housing and<00:43:37.960>
the <00 - If you look back in history, from World War II on, Moody's did analysis and said every period of inflation
TX
Transcript Highlights:
- It is adjusted every year by inflation.
- We have had some other increases with inflation and operational requirements as well. Mr.
- It really was ERS that has held our state through really hard turnover during record inflation.
- Since 1999, inflation has risen in excess of 46%.
- Carol Fuchs: Since 1999, inflation has risen in excess of 46 percent.
MN
Minnesota 2025 1st Special Session
House Energy Finance and Policy Committee 3/11/25
Energy Finance and Policy
Transcript Highlights:
- So it's just as times have changed, as markets have changed, as inflation has increased, everything this
- So it's just as times have changed, as markets have changed, as inflation has increased, everything this
- So it's just as times have changed, as markets have changed, as inflation has increased, everything this
- So it's just as times have changed, as markets have changed, as inflation has increased, everything this
- So it's just as times have changed, as markets have changed, as inflation has increased, everything this
MN
Minnesota 2025 1st Special Session
Committee on Housing and Homelessness Prevention - 02/20/25
Housing and Homelessness Prevention
Transcript Highlights:
- Where we are now is we're in a position where, because of inflation, the Federal Reserve has had to increase
- interest rates to fight inflation.
- of the inflation the fed the<00:04:22.080>
federal <00:04:23.080>the <00:04:23.160> - :04:25.199>
fight to increase interest rates to fight to increase interest rates to fight inflation - but we still have these inflation but we still have these insanely<00:04:27.720>
high <00:04:28.080
MN
Minnesota 2025-2026 Regular Session
House Floor Session - part 2 May 5th, 2025
Minnesota House Floor Meeting
Transcript Highlights:
- The governor originally proposed a 2% cap on inflation in this area.
- We increase substance use disorder rates by adding inflation to the rates for low and high intensity.
- Oh, that at the end is after 22 or 24 months of waiting for inflation and finally getting paid for seven
- Now, we've all been frustrated with inflation and rising costs over the years, regardless of who the
- The state's dollar is not immune to the same price increases in inflation that we've all experienced.
US
US Federal 2025-2026 Regular Session
Business meeting to consider the nomination of Michael Faulkender, of Maryland, to be Deputy Secretary of the Treasury; to be immediately followed by hearings to examine the nomination of Mehmet Oz, of Pennsylvania, to be Administrator of the Centers Mar 14th, 2025 at 09:00 am
Finance Committee
Transcript Highlights:
- it's 52 days now of the Trump administration that was promised to bring lower cost and deal with inflation
- them by population growth and inflation, we could be saving a lot of money because we're spending a
- lot of dollars above and beyond what we spent in the past. inflation.
- Inflated that would be $431 billion. This year we're spending about $600 billion.
- So it went from $24 billion in 2014 to now $131 billion, and what would be inflated from Obama's number
Keywords:
Michael Falkender, Deputy Secretary of the Treasury, IRS, taxpayer privacy, nomination process, committee hearing
Summary:
The committee convened to discuss critical issues surrounding the nomination of Michael Falkender for the position of Deputy Secretary of the Treasury. This meeting included a series of remarks from committee members who expressed divergent views on Falkender's qualifications and the implications of his appointment. Senator Wyden voiced strong opposition, arguing that Falkender represents harmful policies expected to be perpetuated under the current administration, especially concerning taxpayer privacy and IRS tactics. Meanwhile, other members defended Falkender, noting his extensive experience, including a commitment to transparency in government operations if confirmed.
NH
New Hampshire 2025 Regular Session
House Ways and Means (02/12/2025)
Transcript Highlights:
- Certainly there's been inflation since then.
- Certainly there's been inflation since then.
- I mean, that would tend to take the inflation aspects out of it, right?
- That it would sort of tend to track with inflation over time.
- <04:18:49.960>
changing inflation changing inflation changing costs<04:18:53.359>so <04
Summary:
The committee opened a public hearing on HB 402, a bill dealing with whether Education Freedom Account (EFA) payments should be described in state law as not constituting taxable income. The bill sponsor argued that the current statute is misleading because New Hampshire should not imply a federal tax result, and said the bill would remove that language and could also be amended to clarify that families should consult tax advisors. He emphasized that the measure was not intended to impose a state tax on EFAs, but to avoid giving inaccurate advice about possible federal tax liability.
Testimony was divided. A retired representative and a tax preparer both opposed the bill, saying EFA payments are already treated consistently with IRS rules and that the bill would create confusion, administrative burden, and possible tax consequences for low- and moderate-income families. They argued the bill is a solution in search of a problem and warned that requiring 1099s could add costs for the scholarship organization and recipients. A tax attorney supported the bill’s repeal of the state language, saying New Hampshire should not put tax advice into statute and that the current wording is inaccurate because federal law, not state law, controls taxability. He cited IRS Section 117 and Publication 970, explaining that only some scholarship-like payments are tax-free and that many EFA-eligible expenses may not qualify for federal exemption.
Members asked questions about what would be misleading, whether the bill was trying to tax EFAs, and the cost of issuing 1099s. The sponsor and witnesses repeatedly said the bill was not a state tax on voucher payments, but a clarification about federal tax treatment. No vote or final committee action was taken in the portion provided.
MN
Minnesota 2025-2026 Regular Session
Committee on Health and Human Services - 02/25/26
Health and Human Services
Transcript Highlights:
- So we're seeing consolidation, things like increased staffing costs and then just inflation.
- So we're seeing consolidation, things like increased staffing costs and then just inflation.
- So we're seeing consolidation, things like increased staffing costs and then just inflation.
- So we're seeing consolidation, things like increased staffing costs and then just inflation.
- So we're seeing consolidation, things like increased staffing costs and then just inflation.
MN
Transcript Highlights:
- , tied to inflation, with a minimum increase of 2% and a maximum increase of 3%.
- Line 6 shows the general education revenue that is attributable to indexing the formula to inflation,
- um with a excuse me tied to inflation um with a excuse me tied to inflation<00:33:53.679>
uh < - uh with a minimum increase of inflation uh with a minimum increase of 2%<00:33:55.880>
and <00 - to what I just described um we inflation to what I just described um we don't<00:34:19.320>
have<
Summary:
The Education Finance Committee met on January 21, 2025, for its first hearing of the session and began with organizational business. Members and staff introduced themselves, described their districts and backgrounds, and the chair reviewed committee procedures, including how to request bill hearings, amendment deadlines, and handout deadlines. The committee also heard introductions from nonpartisan and partisan staff, including House Research and House Fiscal Analysis personnel who will support the committee’s work this session.
The main substantive item was an overview presentation on the state budget and education finance process. Staff explained how Minnesota’s general fund is forecast twice a year, how the committee should read the budget documents and aid/levy tracking sheets, and how the current biennium compares with the upcoming budget window. They described the November forecast, noted that the committee will later receive the February forecast, and outlined the committee’s role in reviewing K-12 state aid spending, school district revenue, and property tax impacts.
Staff walked through the aid appropriation summary spreadsheet and explained its columns, including end-of-session spending, fiscal year 2024-25 actuals and estimates, and the 2026-27 and 2028-29 planning horizons. They emphasized that many education programs are forecast-driven and can change with enrollment and other data. The presentation also summarized the state’s overall revenue mix and spending priorities, noting that K-12 education is the largest general fund category and that state aid makes up the majority of school revenue. No bills were heard and no votes or formal actions were taken.
TX
Bills:
SB 3, SB 16, SB 2, SB 5, SB 10, HB17, SB 54, SB 9, SB 7, SB 17, SB 4, HB8, HB25, HB26, HB192, HB8, HB25, HB26, HB48, HB149, HB192, HB254, HB17, SB54, SB9, SB7, SB17, SB4, SB3, SB16, SB2, SB5, SB10
Keywords:
flash flood, flood warning, outdoor warning siren, emergency alert, disaster preparedness, flood mitigation, Hill Country floods, Texas Water Development Board, municipalities, counties, local government mandate, public safety, grant program, backup power, weather siren, emergency management, flood-prone area, warning system, real property theft, real property fraud
TX
Bills:
SB 3, SB 16, SB 2, SB 5, SB 10, HB17, SB 54, SB 9, SB 7, SB 17, SB 4, HB8, HB25, HB26, HB192, HB8, HB25, HB26, HB48, HB149, HB192, HB254, HB17, SB54, SB9, SB7, SB17, SB4, SB3, SB16, SB2, SB5, SB10
Keywords:
flash flood, flood warning, outdoor warning siren, emergency alert, disaster preparedness, flood mitigation, Hill Country floods, Texas Water Development Board, municipalities, counties, local government mandate, public safety, grant program, backup power, weather siren, emergency management, flood-prone area, warning system, real property theft, real property fraud
TX
Bills:
SB 3, SB 16, SB 2, SB 5, SB 10, HB17, SB 54, SB 9, SB 7, SB 17, SB 4, HB8, HB25, HB26, HB192, HB8, HB25, HB26, HB48, HB149, HB192, HB254, HB17, SB54, SB9, SB7, SB17, SB4, SB3, SB16, SB2, SB5, SB10
Keywords:
flash flood, flood warning, outdoor warning siren, emergency alert, disaster preparedness, flood mitigation, Hill Country floods, Texas Water Development Board, municipalities, counties, local government mandate, public safety, grant program, backup power, weather siren, emergency management, flood-prone area, warning system, real property theft, real property fraud
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Transportation Jun 21st, 2026 at 01:00 pm
Joint Committee on Transportation
Transcript Highlights:
- The inflation in this particular sector is dramatic.
- Let me just close by saying what I suspect is true of all of you: I hate inflation, and I hate uncertainty
- The $200 million annual investment over the past decade, unfortunately, has not kept up with inflation
- And as I think one of the earlier speakers noted, inflation around these costs has absolutely increased
Summary:
The Joint Committee on Transportation held its first hearing of the session on H. 53, Governor Healey’s Chapter 90 proposal to increase state funding for municipal roads, bridges, sidewalks, and culverts. Committee chairs outlined the hybrid hearing process and invited testimony from municipal officials, labor groups, regional planning organizations, contractors, and administration officials. Across the hearing, speakers consistently supported the bill, emphasizing long-deferred maintenance, inflation in construction costs, climate-related flooding, and the need for more predictable, multi-year funding so cities and towns can plan projects and take advantage of the construction season.
The administration described H. 53 as part of a broader $8 billion transportation package, proposing to raise annual Chapter 90 funding from $200 million to $300 million for five years, with the additional $100 million distributed by road mileage to better support rural and small communities. They also highlighted $200 million for culverts and small bridges, plus other transportation investments, and said the five-year authorization would provide certainty for municipal capital planning. Municipal witnesses from places including Carlisle, Beverly, Granby, Hatfield, Newton, Nahant, Gardner, Beckett, and Yarmouth described local road and culvert backlogs, rising asphalt costs, and the difficulty of maintaining infrastructure on limited local budgets.
Labor and industry witnesses from the AFL-CIO and MAPA said the bill would support good-paying jobs and provide stability for contractors and producers. The MBTA Advisory Board and regional planning representatives also backed the proposal, noting the connection between local roads and the broader transportation system. Committee members asked questions about the road-mile formula, culvert needs, asphalt costs, and the rationale for a five-year authorization. No votes were taken during the hearing, and the committee adjourned after testimony concluded.
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Transportation Jun 21st, 2026 at 01:00 pm
Joint Committee on Transportation
Transcript Highlights:
- This particular approach uses a lot of different data, including inflation, to come up with a better
- Now we have all heard the feedback from our local communities: construction is expensive, inflation is
- of money and moving those projects up and compressing those schedules, you can do more before the inflation
- Those projects up and compressing those schedules, you can do more before the inflation catches up with
Summary:
The committee heard testimony on House Bill 4987, the administration’s transportation bond bill centered on Chapter 90 roadway funding and related capital programs. Administration officials described the bill as a roughly $5.5 billion package that would continue $300 million per year for Chapter 90 over four years, with part of the funding distributed by the traditional formula and an additional $100 million based solely on road miles to better support rural and smaller communities. They also highlighted authorizations for municipal pavement work, Shared Streets and Spaces grants, accelerated bridge and pavement repairs, MBTA rail modernization and reliability, housing-related transportation improvements, and a new DCR-focused PRISM program for parkways and related infrastructure. Officials emphasized that the bill is financed through the Commonwealth Transportation Fund and Fair Share revenues, and said it would help municipalities plan more predictably, speed project delivery, and support housing, safety, and climate goals.
Committee members and witnesses discussed the bill’s broader scope beyond traditional Chapter 90, especially the $200 million for transportation projects that support housing development and the $200 million for MBTA modernization and rail reliability. Members asked about the rationale for a four-year authorization amid fiscal uncertainty, federal funding volatility, and the status of commuter rail electrification. Administration officials responded that the capital authorization is backed by dedicated transportation revenues rather than the operating budget, and said multi-year certainty helps cities and towns make better long-term repair decisions. They also said the MBTA’s rail modernization funds would support locomotive procurements, including battery-electric and Tier 4 diesel locomotives, as part of a longer-term regional rail and electrification strategy.
Municipal officials and regional advocates strongly supported the bill. The Massachusetts Municipal Association, along with town and city officials from Sherborn, Conway, and Yarmouth, said the increased Chapter 90 funding and road-mile-based distribution are especially important for small and rural communities with limited local revenue capacity, and that multi-year funding would let them bundle projects, bid at better prices, and address backlogs more proactively. A Better City and MAPC also supported the bill but urged the committee to treat it like a traditional bond bill by adding policy provisions and considering new transportation revenue tools, such as TNC fee changes, road pricing, parking taxes, and other mechanisms. The committee took no vote during the hearing and adjourned after testimony concluded.
HI
Transcript Highlights:
- the judiciary in support of fulfilling a statutory mandate to include certain protections against inflation
- mandate to include certain protections mandate to include certain protections against<00:21:49.679>
inflation - against inflation. against inflation.
Keywords:
SB2841, human trafficking, trafficking awareness, transient accommodations, hotel industry, lodging, hospitality, hotel workers, housekeeping, front desk staff, contract workers, third-party contractors, employee training, signage, reporting requirements, National Human Trafficking Hotline, labor trafficking, sex trafficking, commercial sexual exploitation of children, anti-trafficking
Summary:
The joint Judiciary, Labor, and Technology Committee heard two bills in the morning session and later took up two Judiciary decision-making items. SB 2841 would require human trafficking awareness training for transient accommodation workers. Testimony was generally supportive from the Department of Labor and Industrial Relations, the Department of Law Enforcement, and the Hawaii Hotel Alliance/American Hotel and Lodging Association, which also proposed amendments to preserve existing industry training programs and broaden coverage. Members clarified that the administration wanted DLE to be the lead agency instead of DLIR, while the Attorney General would still handle approval of training programs. The committee recommended passage with amendments, including coverage for third-party contractors and implementation dates, and the measure was adopted with no recorded opposition.
SB 2533 would adjust the salaries of the Campaign Spending Commission’s executive director and associate director to better align with comparable enforcement/compliance positions. The commission supported the bill, saying its salaries lag behind similar offices by about $30,000 and that recruitment and workload have become more difficult, while one testifier opposed the proposal. Members questioned why the bill used the Department of Health as the salary comparator and whether Ethics would be a better benchmark; the committee agreed to revise the bill to peg the salaries to the Ethics Commission instead, blank out the dollar amounts for further review, and note the requested appropriation in the report. The committee recommended passage with amendments, and the measure was adopted.
In the Judiciary decision-making agenda, SB 2203, concerning the use of masks or personal disguises by law enforcement officers, was amended to allow exceptions for officers who are unmasked nearby or who are supporting undercover operations, to change the term to “facial covering,” and to add definitions covering federal, state, and county law enforcement. The committee also set a far-future effective date and passed the bill with amendments. SB 2442, relating to judiciary purchase-of-service contracts with community-based organizations, was also passed with amendments; the committee added a far-future effective date, clarified the consumer price index reference, and noted a recommended appropriation amount of $4.26 million in the committee report. All measures were adopted without recorded no votes or reservations.
MD
Transcript Highlights:
- Thank you, inflation.
- Thank you, inflation.<00:21:34.799>
Uh, <00:21:35.120>but, <00:21:35.520>uh, <00: - 21:36.159>
the, <00:21:37.120>uh, <00:21:37.360>it <00:21:37.600>is inflation - Uh, but, uh, the, uh, it is inflation.
Summary:
The Maryland Senate convened with an invocation by Reverend Abi Johni of Cedar Lane Unitarian Universalist Church, followed by the roll call establishing a quorum with 44 members present. The chamber then featured numerous introductions and recognitions, including legislative interns, a shadowing student, a constituent assisting this session, visiting advocacy groups such as the Maryland Bankers Association, the Transportation Association of Maryland, and the Maryland Association of CPAs, as well as several pages and other guests. Members also announced upcoming caucus and delegation events, committee briefings, and weather-related schedule contingencies.
On the legislative side, the Senate received bill introductions, including Senate Bill 314 on immunity from liability for donations of pet supplies in judicial proceedings, and a bond initiative for a neighborhood community track and field project, which was referred to the capital budget subcommittee. The main floor action was consideration of Rule 116; after brief discussion, the Senate adopted the rule by a unanimous 44-0 vote, completing adoption of the Senate rules.
Committee announcements noted upcoming hearings and briefings: Finance planned briefings on health insurance subsidies and private passenger auto insurance; Education, Energy, and the Environment scheduled briefings on climate-smart agriculture and federal policy impacts; Budget and Taxation planned an interagency commission briefing; and Judicial Proceedings announced 12 bill hearings, including two lengthy bills. The Senate also journalized the invocation, recognized the new leadership of the Maryland Legislative Black Caucus, and adjourned until the next pro forma session, with the adjournment also honoring Edward Risinger, a former Baltimore City Council member who had recently died.
NM
New Mexico 2025 Regular Session
IC - Investments and Pensions Oversight Jul 18th, 2025
Investments & Pensions Oversight Committee
Transcript Highlights:
- set is that the cost of living adjustment for a member can't exceed 4% or be less than 2% unless inflation
- asked that question is because I know 7% is great, especially when the government's telling you inflation
- And so what you're really saying is you're matching the inflation rate, which is okay because you're
- sounds great, but I think it's really just matching what the M2 money supply is currently being inflated
NM
New Mexico 2025 Regular Session
IC - Revenue Stabilization and Tax Policy Jun 6th, 2025
Revenue Stabilization & Tax Policy Committee
Transcript Highlights:
- This growth rate is below 5%, which is difficult to keep up with inflation and maybe make the larger
- What happens if inflation stays high?
- You know, federal tax policy changes, other economic indicators that are in flux, inflation, consumer
- gonna have to earn probably 7% on that money, really make $3.5 billion so we stay up with our 3% inflation
TX
Transcript Highlights:
- And while Texas has a need for credit that has grown, inflation and market conditions have reduced. availability
- the need for safe, affordable credit is an absolute necessity. economic landscape and increased inflation
- What that means is that if inflation did go up, consumers would pay more.
- It allows dealers to cherry pick inflated historical. prices.
Bills:
SB 1113, SB 1117, SB 1206, SB 1460, SB 1802, SB 1906, SB 1917, SB 2340, SB 2455, SB 2680, SB 2690, SB 705, SB 748
Keywords:
SB 1113, converter's license, converter license, motor vehicle dealer, auto dealer, vehicle conversion, converted vehicles, direct sales, retail sales, trailer, semitrailer, manufactured trailer, chassis, manufacturer's statement of origin, MSO, Occupations Code, Transportation Code, Texas Department of Motor Vehicles, dealer licensing, general distinguishing number
Summary:
The meeting of the Senate Business and Commerce Committee was marked by discussions on several significant bills, with a keen emphasis on legislative updates and committee substitutes. Notably, Senator Blanco presented a new committee substitute for SB2610, which modifies the employee cap from 100 to 250 and extends the update timeline for cyber security programs for small businesses. This substitute was adopted unanimously, reflecting a collaborative agreement among the committee members. Additionally, there were discussions surrounding SB1856 as Senator Crayton provided insights into how stakeholder feedback influenced the bill's committee substitute. The committee ultimately voted in favor, pushing it towards the local and contested calendar, indicating the bill's progression through legislative channels.
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 5 on State Administration Apr 8th, 2025
Transcript Highlights:
- Inflation are not abstract ideas.
- When coupled with annual increases in department and program operating costs due to inflation in the
- Since fees have not historically kept pace with inflation, salary benefits, and other administrative
- Furthermore, the increasing costs of regulation goes beyond inflation.