Video & Transcript Research : 'replacement cost value'

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HI

Hawaii 2026 Regular Session

EIG-CPN, EIG, EIG-TRS Public Hearings 04-16-2026

Energy and Intergovernmental Affairs

Transcript Highlights:
  • And if you look at our testimony, you can see just the costs that are related to generation.
  • <00:01:42.600> that<00:01:42.760> are can see the just the costs that are can see the
  • just the costs that are related<00:01:43.280> to<00:01:43.400> generation.
  • <00:02:03.080> uh<00:02:03.240> generation most uh cost-effective uh generation most
  • And then thirdly, the bill doesn't clearly define operational oversight, maintenance, and cost.
Bills: HCR202
Summary: The joint committees on Energy and Intergovernmental Affairs and Consumer Commerce and Consumer Protection heard HCR 202 HD2, a resolution creating a task force to study Hawaii’s electric generation mix and related costs. Testimony from the Hawaii State Energy Office was neutral and stood on written comments, while another testifier supported the resolution, emphasizing affordability, reliability, and the need to understand the right balance of thermal generation and renewables as the state moves toward its 2045 renewable goals. The chairs said they had conferred on the measure and outlined recommended amendments, including adding study of the separation of ownership and control of generation versus transmission and distribution, and adding Senate committee representation to the task force. The Consumer Commerce and Consumer Protection committee voted to pass HCR 202 HD2 with amendments; the chair, vice chair, and another member voted aye, with one senator excused, and the recommendation was adopted. The Energy and Intergovernmental Affairs committee did not have quorum at that time and said it would take its vote later. The Energy and Intergovernmental Affairs committee also heard HCR 165, concerning pickleball courts in Hawaii Kai. One resident testified in opposition, citing concerns about permanent lights, permanent nets, noise, light pollution, safety, maintenance, and the loss of multi-use flexibility. After discussion, the chair recommended passing the measure as is, and the committee said it would vote the next day because it lacked quorum. The committee also heard HCR 154 and HCR 43 with the Transportation Committee; HCR 154 was passed unamended, and HCR 43, which urged raised crosswalks near Ala Wai Elementary School for pedestrian safety, was also passed unamended. Supporters of HCR 43 described heavy pedestrian traffic, schoolchildren crossing, and unsafe vehicle turning patterns at the intersections. The Transportation Committee adopted both recommendations, while the Energy and Intergovernmental Affairs committee scheduled its votes for the following day.
HI

Hawaii 2026 Regular Session

AEN-HHS-WAM, JDC-WAM DEFER, WAM-JDC, WAM, WAM Public Hearings 04-09-2026

Agriculture and Environment

Transcript Highlights:
  • So, I understand firsthand the cost barriers that this bill addresses.
  • But the cost remains a major barrier for me and many of my neighbors in South Kona.
  • :04:37.800> barriers understand firsthand the cost barriers understand firsthand the cost barriers
  • But the cost remains a major reefs.
  • <00:19:45.000> the testimony and then we'll replace the testimony and then we'll replace the
Bills: HB1618
Summary: The committees held a joint hearing on HB 1618 HD1, which would create and fund a cesspool conversion revolving loan fund administered by the Hawaii Green Infrastructure Authority to help homeowners upgrade, convert, or connect cesspools. Testimony was overwhelmingly in support from state agencies and advocacy groups, with witnesses emphasizing that cost is the main barrier to cesspool conversion and that recent Kona flooding underscored the public health and pollution risks of cesspools. One testifier suggested the fund should actively pursue outside funding sources, and another urged an effective date that would allow counties to contribute sooner. A member raised concerns about whether loans would be affordable and whether other financing tools, such as tax credits, should also be considered; another member opposed the bill as not adequately addressing district-level sewer and septic issues. The committees ultimately recommended passage with amendments, including changing the effective date to July 1, 2050, and the motion was adopted. The joint Judiciary and Ways and Means committees then considered HB 2592 on the Mauna Kea Stewardship and Oversight Authority. The chair outlined amendments to clarify that the authority would assume property and liability associated with transferred assets, preserve existing liability rules, transfer conditional use permits if not already transferred, allow lease extensions before transfer, and set reversion triggers if the authority fails to adopt a management plan by June 30, 2028, or administrative rules by December 31, 2029. Members asked about preserving the public trust and whether the amendments would keep the Board of Land and Natural Resources’ role intact; the chair confirmed the fee and board role would remain unchanged. The committees voted to pass the bill with amendments, and the recommendation was adopted. The committees also took up HB 2033, making further amendments to clarify the definition of state, delay certain effective dates, allow rental and U-Drive lessors to avoid liability by identifying renters, delete one section, and add administrative hearing language and bus-camera clarifications. HB 1888 was amended to expand protections for educational workers to include sports officials, define sports official, make intentional bodily harm a felony with enhanced penalties for repeat offenses, and authorize the attorney general to assist with restraining orders. Both measures were recommended for passage with amendments and adopted. Later, several bills were moved with little or no discussion: HB 1515, HB 1713, HB 1718, HB 2022, and HB 2385 were recommended for passage unamended; HB 2375 was deferred; and HB 1741 was amended to reflect Honolulu’s concerns, narrow study requirements, add exemptions and a delayed implementation date, and was recommended for passage with amendments. The committees adopted the recommendations on these measures, with some members noting reservations or prior opposition on certain bills.
HI

Hawaii 2026 Regular Session

CPN-LBT, CPN DEFER, CPN DEFER, CPN, CPN-EIG Public Hearings 02-10-2026

Commerce and Consumer Protection

Transcript Highlights:
  • <00:32:10.720> For could add to customer costs. For could add to customer costs.
  • There's a lot of costs to that.
  • Uh, not the entire replacement, but I think replacing half the capacity at ya.
  • think replacing half the capacity at ya. think replacing half the capacity at ya.
  • cost the rate $1.4 billion. Correct. cost the rate $1.4 billion. Correct.
Bills: SB3326, SB2911
Summary: The committees heard SB 3001 on artificial intelligence in a joint Commerce and Consumer Protection/Labor and Technology hearing. Testimony included support from the Department of Education and Google, comments from the Office of Consumer Protection and the Attorney General’s office, and late opposition from Agentic LLC. The Attorney General raised constitutional and vagueness concerns and suggested clarifying amendments, while Google said the bill’s risk-based approach and proposed amendments could help establish industry-wide safety standards for minors. The committees recessed and then voted to pass SB 3001 with amendments, adopting DCCA/OCP recommendations on data minimization for minors and UDAP clarity, the Attorney General’s proposed clarifications and deletions, and Google’s nonconflicting amendments; the effective date was deferred to July 1, 2050. The vote passed unanimously among members present, with some members excused. The Commerce and Consumer Protection committee then took up several previously heard measures in decision-making. SB 2045 on combat sports passed with amendments reflecting DCCA and boxing commission recommendations, including clarifying the on-site medical professional requirement, reporting duties, promoter payment, removal of the combat sports registry and ambulance requirement, and other technical changes; the effective date was deferred to July 1, 2050. SP 2347 on the residential landlord-tenant code passed with amendments striking landlord requirements so OCP could work on a multilingual tenant-rights notice, and SP 2495 on consumer protection passed with amendments requiring OCP to publish an annual report on potential code violations. SB 2777 on insurance was deferred to February 17, 2026 for further decision-making. At a later CPN decision-making agenda, SB 2471 and SB 2829, both relating to the powers of artificial persons, passed with amendments clarifying the preamble, removing language about foreign artificial persons, and making other consistency and non-substantive changes; both effective dates were moved to January 1, 2027. SP 2033 on renewable energy also passed with amendments clarifying the definition of grid-ready homes, cost-sharing provisions, applicability to interconnecting customers, and safety/certification compliance, with the effective date deferred to July 1, 2050. In each case, the committee voted to adopt the recommendations without objections from members present. The committees also heard SB 3000 on insurance, which would authorize the Attorney General to bring civil actions to recover costs and losses tied to climate-attributable harm and future climate risk, including costs incurred by state insurance-related entities. The Insurance Division and Attorney General’s office offered comments seeking clarification and warning about redundancy, implementation issues, possible representation of private insurers, and concurrent litigation concerns. Supporters, including the Center for Climate Integrity, a resident testifier, Sierra Club, and Green America, argued the bill would help shift insurance costs to fossil fuel companies responsible for climate harms and address rising premiums and nonrenewals in Hawaii. Opponents, including the American Petroleum Institute, argued the bill singled out one industry, raised constitutional concerns, and should be deferred because related climate litigation is already pending. The transcript ends with the committee continuing testimony and discussion on SB 3000 and then moving into SB 3326 on energy, where the consumer advocate and Hawaiian Electric opposed the bill’s proposed separation of generation from transmission and distribution, while the PUC stood on written testimony, Retail Merchants of Hawaii supported it, and Life of the Land raised concerns about assumptions and the need for more substance.
AL

Alabama 2026 1st Special Session

Alabama Senate Mobile County Legislation Committee Jan 28th, 2026

Mobile County Legislation

Transcript Highlights:
  • provided the total amount of property in the tax increment district does not exceed 50% of the total value
  • /c> district does not exceed 50% of the district does not exceed 50% of the total<00:03:24.640> value
  • real<00:03:25.280> estate<00:03:25.599> properties<00:03:26.000> in total value
  • of real estate properties in total value of real estate properties in the<00:03:26.400> municipality
Bills: HB308, HB308
TX
Transcript Highlights:
  • We need a cost-of-living increase to survive. Thank you.
  • Housing costs have soared, and basic necessities have become harder to afford.
  • The last time Texas retirees received a cost-of-living adjustment, a gallon of gas cost $1.60.
  • And when these workers leave, it costs all of us.
  • The last time Texas retirees received a cost-of-living adjustment, a gallon of gas cost $1.60.
Summary: The committee meeting focused on critical issues facing Texas state employees and retirees, highlighting the need for increased compensation and improved benefits. Senator Sarah Eckhardt and Representative John Busey presented new legislation aimed at addressing these longstanding problems, including proposed House Bills 343 and 247, which seek a $10,000 across-the-board pay increase for state employees. Senator Eckhardt emphasized the growing wage gap between public sector jobs and private sector offerings, which has led to high turnover rates and the loss of institutional knowledge. Public testimonies underscored the urgency of the issue as retirees shared their struggles with stagnant pensions amidst rising living costs.
LA

Louisiana 2026 Regular Session

Insurance May 20th, 2026

Insurance

Transcript Highlights:
  • Again, it's voluntary, no mandate, no state program, and no taxpayer cost.
  • Again, it's voluntary, no mandate, no state program, and no taxpayer cost.
  • It's about $67,000, so that's purely OGB costs.
  • There's no state cost, no defrayal, or other state costs. Thank you, Mr. Chairman.
  • At the appropriate time, I'd like to move... ...cost, no defrayal or other state costs.
Bills: HB591, HB766
NV
Transcript Highlights:
  • Let Nevada lead with compassion, equity, and family-first values.
  • Another concern I have is the huge cost.
  • The cost to insurance companies will raise all of our rates.
  • It's a huge cost, as well as a huge cost to our state Medicaid. Excuse me.
  • I know the cost aspect of this has been a question and a concern.
Bills: AB52, AB76, AB163, AB388, AB483
AZ

Arizona 2026 Regular Session

02/09/2026 - Senate Finance

Finance

Transcript Highlights:
  • Shareholders is in fact consistent with lower share value.
  • It prevents cities from waiving taxes that cost them little or nothing but impose real costs on other
  • It doesn't factor that into your cost basis or anything.
  • You would have to make assumptions of the cost basis.
  • Understanding that home prices have increased, we assume that the cost... ...value.
Summary: The committee first approved the February 2, 2026 minutes and held Senate Bill 1090. It then heard Senate Bill 1503, which would require pension fiduciaries and proxy advisory firms to act solely in the economic interest of plan participants and beneficiaries, prohibit ESG- or ideology-based voting, require disclosures and economic analyses in certain cases, and authorize attorney general enforcement. The sponsor said the bill was meant to protect investors and align with federal action. Testimony was mixed: a policy witness supported the bill, while representatives of ASRS and PSPRS said they were neutral but raised concerns about added costs, operational burdens, reporting requirements, possible conflicts with existing fiduciary duties, and increased litigation risk. After debate, the committee voted 4-3 to give SB 1503 a do-pass recommendation. The committee then considered Senate Bill 1293, which would prohibit GPLET school-district revenues from being abated during the eight-year abatement period. Supporters argued the bill would protect school funding and reduce state aid backfill costs, and a Goldwater Institute witness said it would also reduce gift-clause concerns by limiting subsidies that shift costs to other taxpayers. City and economic development representatives from Phoenix, Mesa, and the Greater Phoenix Economic Council opposed the bill, saying GPLET is an important redevelopment tool that helps finance projects in urban cores and that the change would reduce its effectiveness and slow revitalization. The committee adopted an amendment and then passed SB 1293 on a 4-3 vote. Next, the committee heard Senate Bill 1414, which gives insurers 30 days to review and respond to third-party settlement demands in bodily injury claims. Insurance representatives supported the bill as a commercially reasonable timeframe, while the Arizona Trial Lawyers Association opposed it, arguing that 30 days would become a minimum and could delay settlements for injured claimants; members discussed a possible 15-day compromise. The committee passed SB 1414 by a 5-2 vote. It also passed Senate Bill 1633, which creates an income tax subtraction for capital gains from the sale of a primary residence after a five-year residency; opponents warned it would mainly benefit wealthy homeowners and cost the state tens of millions annually, while the sponsor said it could help housing turnover. Finally, the committee passed SB 1429, as amended, allowing Senate and House leaders to designate board members for the Arizona Commerce Authority, SB 1536, which lets municipalities consolidate multiple street-light improvement districts, and heard SB 1724, which clarifies when property splits or consolidations trigger a limited property value recalculation to prevent tax-base manipulation.
NM

New Mexico 2026 Regular Session

Senate - Education Jan 28th, 2026 at 09:05 am

Senate Education

Transcript Highlights:
  • This delays it for one month for the PED to set the unit value.
  • This has to... ...value will be. Both of these are under the emergency clause.
  • This just delays when the unit value gets reset. Thank you, Senator.
  • This particular bill just delays the unit value so the problems can be addressed.
  • So we do not want to finalize that unit value... ...in their funding.
Bills: SB64, SB19, SB44, SB83
TX

Texas 89th Regular

Ways & Means May 19th, 2025

Ways & Means

Transcript Highlights:
  • interval to 10 years would strike a better balance between voter support and reauthorization cost.
  • With the constant increase in construction costs, this funding has enabled proactive measures.
  • that relate to factors that could lead to such increases. lead to an increase in district property values
  • receive any form of compensation that could be linked to or even imply an expectation of a property value
  • But if it's by the taxpayers that we're talking about, related to the appraised value of $100 per thousand
MN

Minnesota 2025-2026 Regular Session

Cap Committee Meeting - 2025-04-23

Capital Investment

Transcript Highlights:
  • That same year, we completed a street and utility replacement project on our...
  • Thank you for your assistance as we work to replace this much-needed public space.
  • The total cost will exceed the 25 million dollars cited in the materials.
  • Created to replace it.
  • So we've been tapped out with our local cost share before.
MN

Minnesota 2025-2026 Regular Session

House Capital Investment Committee 4/23/25

Capital Investment

Transcript Highlights:
  • handling the handling the operating cost handling the handling the operating cost while<00:03:04.560
  • And tragically, one in housing costs.
  • > $16 anticipate costing uh costing around $16 anticipate costing uh costing around $16 million.<
  • :03.680> with<00:43:03.839> this we wait, costs increase with this we wait, costs increase
  • What's the total cost a $15 million ask.
MN

Minnesota 2025-2026 Regular Session

House Health Finance and Policy Committee 3/23/26

Health Finance and Policy

Transcript Highlights:
  • wondering the value of that. wondering the value of that. >> Miss<00:41:12.400> Brown.
  • costs before hearing bills.
  • He said they are raising the cost.
  • He said they are raising the cost.
  • He said they are raising the cost.
AL

Alabama 2026 1st Special Session

Alabama House Economic Development and Tourism Committee Mar 11th, 2026

Economic Development and Tourism

Transcript Highlights:
  • The markup can be no more than 16.99% of the cost of merchandise plus freight cost.
  • This bill is going to provide that the term cost of merchandise shall only include the amount the board
Bills: SB289, HB395
TX

Texas 89th Regular

Health and Human Services May 23rd, 2025

Health & Human Services

Transcript Highlights:
  • Some programs now function solely as premium assistance subsidizing commercial insurance costs instead
Bills: HB50
MN

Minnesota 2025-2026 Regular Session

House Commerce Finance and Policy Committee 3/5/26

Commerce Finance and Policy

Transcript Highlights:
  • As costs continue to rise, we need to find reasonable approaches to help relieve cost burdens on employers
  • But these mandates come with a cost.
  • these mandates come with a cost. these mandates come with a cost.
  • The biggest driver of what's driving cost is the cost of the care that's being provided.
  • defrail costs, pay for um reinsurance. defrail costs, pay for um reinsurance.
Bills: HF3388, HF400
Summary: The committee approved the minutes from the prior day and then heard House File 400, a bill described as a defrayal measure for health insurance mandates. Representative Perryman said the bill would not block future mandates, but would require the state to pay the added costs of any new mandated benefits so those costs would not be shifted to premium payers. She and supporters framed the bill as a way to protect affordability for Minnesota employers, workers, and families, especially in the fully insured market. Testimony in support came from the Minnesota Chamber of Commerce and the Minnesota Council of Health Plans. They argued that Minnesota has a high number of mandated benefits, that each new mandate adds cost to premiums, and that businesses—especially small and midsize employers—are already struggling with rising health insurance costs. The health plans representative said the bill would use the existing Commerce defrayal process to reimburse plans for eligible mandate-related claims, allowing those costs to be removed from premium rates. Several members echoed support, saying the bill would improve transparency by showing the fiscal impact of proposed mandates and help prevent people from being priced out of coverage. Members also explored how mandates apply in the market and how premiums are set. Deputy Commissioner Julia Dryer explained that, unless otherwise specified, mandates generally apply to the individual, small group, and fully insured large group markets, while self-insured ERISA plans and other markets are generally outside that scope. Representative Elkins noted that the affected market is relatively small and said small businesses are increasingly moving to self-insured plans because of cost. He and others raised concerns about affordability, while Representative Smith argued that mandates often ensure needed care and that the bill shifts costs to taxpayers rather than insurers. Representative Bacham added a personal example from tribal self-insurance, saying preventive physicals had saved lives and asking whether other factors besides mandates are driving insurer costs. No amendments were offered, and the bill was laid over for possible future consideration.
FL

Florida 2026 Regular Session

Appropriations Committee on Pre-K - 12 Education Feb 4th, 2026

Appropriations Committee on Pre-K - 12 Education

Transcript Highlights:
  • in 1012.22 was rewritten more than a decade ago to emphasize performance pay and limit the role of cost-of-living
  • within a very rigid statutory framework, but the law gives them too few tools to respond to rising costs
  • This bill gives districts another tool in the toolbox and does not replace performance pay.
  • It restores meaningful use of cost-of-living adjustments for educators with direct student contact.
  • So we just got to make more efficient use and value of the time.
Bills: S0920, S1036, S1216
Summary: The Appropriations Committee on Pre-K-12 Education met with a quorum present and first temporarily postponed SB 920 on mathematics education. The committee then took up SB 1216 on public school personnel compensation, sponsored by Senator Rodriguez, which would give districts more flexibility in educator pay by restoring meaningful cost-of-living adjustments for teachers with direct student contact, allowing recognition of relevant advanced degrees, and removing rigid performance-pay caps. Several senators spoke in support, emphasizing teacher retention, compensation, and education as a state investment. The bill was reported favorably on a unanimous roll call vote. After a brief recess, the committee considered CS/SB 1036 on school counselors, sponsored by Senator Calatayud, to address counselor shortages by removing certification barriers tied to classroom teacher requirements. The sponsor and supporting testimony described recruitment and retention problems, high counselor-to-student ratios, and the need for counselors to focus on student academics, mental health, and college/career readiness rather than administrative duties. Public testimony came from students, educators, and school personnel who described limited access to counselors and the impact on student well-being and college planning. Committee members broadly supported the bill while noting that counselors are often overburdened and that additional support personnel, including BRACE advisors, may also need attention in the future. Senators also discussed broader efficiency measures and the need for schools and colleges to improve access to guidance services. CS/SB 1036 was reported favorably by unanimous vote. At the end of the meeting, members recorded their votes on the two bills, and the committee adjourned.