Transcript Highlights:

• My CFO, who heads up our loan servicing program, is here today, and we feel that we are very strong stewards
• My CFO is sitting over there sending out invoices, you know, on a regular basis, and we are getting paid

Bills: HF4059 , HF76

Committee: House Energy Finance and Policy

Keywords: climate change, greenhouse gas emissions, financing, sustainability, environmental policy, renewable energy, Minnesota Climate Innovation Financing Authority, earned incentive release credit, release credits, supervised release, corrections, Minnesota Department of Corrections, sentence reduction, good time, prison time, incarceration, violent offenses, murder, criminal sexual conduct, sex offenses

Transcript Highlights:

• Commission, Commissioner Doherty, along with Todd Johnson, our executive director, and Kathy Bullis, our CFO
• Commission, Commissioner Doherty, along with Todd Johnson, our executive director, and Kathy Bullis, our CFO

Committee: Senate Capital Investment

Transcript Highlights:

• I was planning to be joined by our CFO, but he unfortunately couldn't make it this morning, or may be
• I'm the CFO of the Department of Human Services, and I own a 13-year-old car, and it just doesn't always

Committee: Senate Health and Human Services

Transcript Highlights:

• So it has become, de facto... ...part of baseline budgeting for the CFOs.
• You know, I spent about a decade as a CFO in three other university systems where I worked on funding

Bills: SB1 , SB 1

Committee: Senate Finance

Transcript Highlights:

• Right now, our institutional leaders, our presidents, our CFOs will tell you, anywhere between three

Committee: Joint Joint Committee on Racial Equity, Civil Rights, and Inclusion

Summary: The Joint Committee on Racial Equity, Civil Rights, and Inclusion held an informational hearing on “Protecting Equity in Higher Education” and emphasized that no bills were being heard. Members and witnesses focused on the effects of recent federal actions on DEI, admissions, financial aid, student loans, international students, and campus equity efforts in Massachusetts. Opening remarks from the co-chairs and the chair of Higher Education highlighted Massachusetts’ investments in free community college, expanded financial aid, and early college programs, while warning that federal policy changes could undermine those gains. Testimony from BU law professor Jonathan Feingold argued that many DEI practices remain legally defensible after Students for Fair Admissions v. Harvard, and that the decision did not end all race-conscious or equity-oriented efforts. He said the Trump administration’s anti-DEI actions and funding threats were legally suspect and had created confusion and a chilling effect. Bahar Akman-in-Boden of the Hildreth Institute testified that proposed federal cuts to TRIO, Gear Up, Pell Grants, SEOG, work-study, and student loan programs would disproportionately harm low-income, first-generation, Black, Latino, and other underserved students, and urged the state to prepare hold-harmless and advising supports using Fair Share revenue. Commissioner Noe Ortega described Massachusetts’ long history of equity in higher education and said the state has expanded aid, success programs, and early college, but still has work to do on attainment and completion. He said the state responded to SFFA by creating ACARE and continuing to defend equity practices, while also warning that federal disruptions and “dear colleague” letters have created uncertainty. In the second panel, state university leaders and campus officials said federal threats to Pell, DEI grants, Medicaid, and international student policies could affect access, campus operations, and the economy; they stressed that most state university graduates stay in Massachusetts and that institutions are continuing their equity practices despite federal pressure. Roxbury Community College’s president said RCC remains committed to open access and inclusion, noted enrollment growth, and said executive orders do not change existing law or the college’s obligations.

Transcript Highlights:

• I am Lisa Brule, the CEO at Lallie Kemp Medical Center, and I have Chad Thompson, our CFO, with me.

Committee: House Appropriations

Summary: The committee first heard a budget presentation on LSU Health Care Services Division and Lallie Kemp Medical Center. Staff reviewed HCSD’s roughly $74.7 million budget, much of it tied to legacy obligations for former LSU hospital systems and support for Lallie Kemp. Committee members asked about prisoner care, risk management costs, declining admissions and emergency visits, and the hospital’s 340B drug program. Lallie Kemp officials explained that prisoner care serves multiple state and local facilities, that lower admissions largely reflect more patients being placed in observation status, and that the in-house 340B program provides major savings to patients and the prison system. Members also asked about care for unhoused patients and the hospital’s discharge practices, and the hospital said social services works to find placement when possible. The committee then moved to the Louisiana Department of Health budget, which was presented as just under $23.5 billion, with Medicaid making up more than 90 percent of the total. The presentation covered the Office of the Secretary, Office of Public Health, Office of Behavioral Health, Office for Citizens with Developmental Disabilities, and Medicaid. Major items included the new Rural Health Transformation Program, the transfer of several functions from DCFS to LDH under the One Door initiative, changes to SNAP administration, and large Medicaid adjustments driven by enrollment, utilization, and federal policy changes. Testimony also highlighted the statewide crisis hub and 988, the commodity food program for seniors, women’s health and maternal outcomes, and the department’s efforts to modernize technology and reorganize services. Members questioned LDH officials on a wide range of budget and policy issues, including the rural health grant, crisis services, Medicaid redeterminations, provider taxes, physician and hospital supplemental payments, nursing home rates, HCBS funding, and the impact of the federal One Big Beautiful Bill Act. LDH said the rural health grant would support workforce, technology, and care-delivery improvements; that the crisis hub and mobile crisis units are being expanded to improve access and reduce emergency room use; and that the department is working to keep the SNAP error rate below 6 percent to avoid a projected state cost increase. Officials also said they expect to return next year with additional funding requests for HCBS and other programs, while emphasizing that current budget changes are largely meant to realign funding with actual expenditures and new federal requirements. No votes or formal actions were taken in the portion provided.

Transcript Highlights:

• , he could try to answer those questions, or he might have to defer to Director Gary, Karen, or the CFO

Committee: All JOINT BUDGET COMMITTEE

Transcript Highlights:

• And I think we’re looking—you were, my chief actuary is speaking to their CFO just last week.

Bills: HB99 , HJR5 , HM39 , HB206 , HB213 , SB41 , SB153 , SB165 , SB261 , SB264

Committee: Senate House Judiciary

Summary: The committee first took up a lengthy informational presentation on the Patient Compensation Fund (PCF) and New Mexico medical malpractice insurance. Teresa Hassey, a plaintiffs’ attorney, described the PCF’s origin in the 1976 Medical Malpractice Act, its role as a state-backed excess coverage system, and her view that it was mismanaged when hospital participation expanded without individualized risk assessments. She argued that hospitals underpaid surcharges, that the fund was depleted by claims, and that the 2021 amendments and later legislative infusions were meant to shore up deficits and phase hospitals out. Superintendent of Insurance Alice Kane and LFC analyst Julia Rodriguez presented a different perspective, emphasizing recent general fund infusions, current surcharge collections, the use of actuarial reviews, and the PCF’s budget and settlement activity. Kane said the market is highly concentrated, New Mexico’s malpractice costs and defense expenses are high, and the fund still provides lower-cost coverage than the open market, while also noting ongoing issues with future medical claims, TPA transition, and investment management. Committee members questioned the presenters at length about why New Mexico malpractice premiums are so high, whether defense costs were being conflated with claim payouts, how the PCF works with primary coverage and excess coverage, and whether hospitals were properly assessed when they entered the fund. Several senators raised concerns about punitive damages, corporate practice of medicine, and whether the state’s legal environment is driving doctors away. Others challenged the data comparisons, noting differences between one-year figures and multi-year averages, and asked why New Mexico’s costs remain far above neighboring states. Kane and Hassey disagreed on the causes, with Kane pointing to high claims and defense costs over time and Hassey arguing that hospital participation and punitive-damage exposure distorted the market. The chair concluded the discussion by saying the committee had not exhausted the topic and that he still wanted a clear path to reducing doctors’ insurance costs. After a break, the committee moved on to Senate Bill 41. Senator Charlie introduced the bill, which would eliminate the statute of limitations for the most serious sexual crimes in New Mexico. He argued that trauma, coercion, fear, and delayed disclosure often prevent survivors from reporting promptly, and said the law should reflect that reality. The bill was presented as a response to survivor testimony heard in a prior hearing, and the sponsor framed it as part of a broader effort to modernize the justice system for sexual violence cases.

Transcript Highlights:

• areas, because I do believe that this would make it harder to attract experienced superintendents and CFOs

Committee: House House Education Committee of Reference

Summary: The committee first heard House Bill 2266, which would change school release-time policy for religious instruction from permissive to mandatory for school districts and charter governing bodies. The sponsor and supporters said the bill protects parental choice, religious liberty, and constitutional release-time programs, while opponents argued it would reduce local control, pull students from instructional time, and expose schools to constitutional and social harms. After public testimony and debate over liability, indoctrination, and academic impact, the committee voted 7-5 to give HB 2266 a due pass recommendation. The committee then took up House Bill 2193, a cleanup measure related to student directory information and parent organizations. The bill would allow parents of enrolled students or representatives of nonprofit organizations supporting a school to receive directory information unless a parent or eligible student opts out. Supporters from PTO/PTA groups said the change is needed so parent organizations can continue communicating with families and building school community, while members raised concerns about whether the language should be narrowed to avoid political or other misuse of student data. The sponsor said he was open to an amendment, and the committee approved HB 2193 on a 10-1 vote, with one member present. Finally, the committee heard House Bill 2075, which would require public school districts to submit superintendent and other top administrator contracts or attestations to ADE and create a searchable online database of compensation details, including salary, benefits, and car allowances. The sponsor described it as a transparency measure, and the committee discussed an amendment to add more specific filing deadlines and the online database requirement. Opponents from school administrators and rural districts argued that superintendent salaries are already public, that the bill should also apply to charter and private schools receiving public funds, and that it could add burdens or distort comparisons across different public-sector labor markets. Supporters said the bill would make total compensation easier to access and reduce public records requests. The sponsor closed by saying the bill would centralize compensation information and simplify disclosure for districts.

Transcript Highlights:

• I mean, we met with CFOs and agencies and tried to kind of discuss challenges and whatever else this

Transcript Highlights:

• With me today is our CFO, Quy Pasley.

Transcript Highlights:

• Christine has, for the record, the CFO of the Housing Division.

Bills: AB49 , AB169 , AB188 , AB284 , AB296 , AB306 , AB356 , AB366 , AB467 , AB499 , AB515 , AB540 , AB542 , AB595

Committee: Senate Finance

Transcript Highlights:

• 20 plus years and came back to us a year and a half or so back and just does a tremendous job as our CFO

Committee: House Mortgage Finance Authority Act Oversight Committee

Transcript Highlights:

• I'm Jason Mallet, CFO of the CDTFA.

Summary: The subcommittee first heard an informational presentation on the May Revision’s proposed reorganization of the Business, Consumer Services and Housing Agency into separate housing-focused and consumer/business-focused entities. Administration officials said the split would improve oversight, streamline decision-making, and create a dedicated California Housing and Homelessness Agency with a new housing development and finance committee. The Department of Finance said funding was needed in 2025-26 to begin implementation, while the LAO recommended rejecting the proposal without prejudice because the Little Hoover Commission review was still pending and the plan would require ongoing General Fund costs. Members raised concerns about the timing, the lack of alignment with the budget process, and whether the reorganization would improve accountability for homelessness spending; several public witnesses supported the concept but stressed it could not substitute for new housing and homelessness dollars. The committee then took up the Department of Veterans Affairs. CalVet requested funding for phase three of its electronic health care record project and a trailer bill to preserve authority for federal background checks, but the May Revision withdrew requests for deferred maintenance and additional administrative support. The LAO noted deferred maintenance can prevent larger future costs, and the chair criticized the withdrawal of less than $1 million for veterans’ homes as short-sighted given existing repair needs. No vote was taken. Next, the Department of Housing and Community Development presented its budget. HCD said the May Revision provides no new affordable housing or homelessness funding, but does retain existing rounds of funding and proposes a $31.7 million reversion from undersubscribed housing programs. Members from both parties expressed concern about zeroing out ongoing housing and homelessness investments, especially for LIHTC, the Multifamily Housing Program, and HAP. HCD also defended its homelessness accountability and compliance work, saying the unit includes about 30 program staff and six attorneys, with three additional attorneys requested mainly to handle public records and litigation workload. Public commenters largely opposed the lack of new funding and urged continued support for housing and homelessness programs, while some supported the reorganization and accountability efforts. Finally, the committee heard Go-Biz proposals. The administration requested authority to increase funding for a federal trade program match if needed, plus reappropriations for administrative funds tied to the Containerized Ports Interoperability Grant Program, zero-emission vehicle operations, and the Women’s Business Center Enhancement Program. It also proposed withdrawing the Cal Competes grant request and reverting remaining funds from the Performing Arts Equitable Payroll Fund. The LAO said Cal Competes is generally effective but could be cut as a budget solution, while warning that the performing arts fund was close to awards and should be considered carefully. Members objected to pulling back committed funds for performing arts organizations and questioned why the state would withdraw support after applications had already been submitted.

Transcript Highlights:

• Interim CFO, Georgia Sanchez, and she's also here to provide assistance for the committee.

Bills: SB1 , SB 1

Committee: Senate Finance

Transcript Highlights:

• Well, you could have a conversation about the CFO, but that really didn't seem to make a lot of sense

Summary: The House convened with prayer, the Pledge of Allegiance, approval of the journal, and adoption of the special order calendar for the day. The chamber then took up House Bill 1B on immigration, along with discussion of anticipated Senate changes. The sponsor described the bill as creating a chief immigration officer housed in the Department of Agriculture, establishing an Office of State Immigration Enforcement, expanding cooperation with federal immigration authorities, increasing criminal penalties for certain offenses by unauthorized aliens, ending undocumented-student fee waivers, and providing substantial appropriations for enforcement and related programs. Members also questioned the Senate version’s proposed mandatory death penalty provision for certain capital offenses involving unauthorized aliens, as well as pretrial detention, 287(g) participation, DMV reporting requirements, and the bill’s effects on schools, teachers, social workers, and local agencies. The sponsor and supporting members repeatedly said the bill required broad cooperation with federal immigration enforcement and that existing federal law would control where conflicts arose. A major portion of the debate focused on whether the bill would allow or require immigration enforcement in schools and other sensitive settings, and whether teachers, school resource officers, and social workers could be placed in conflict with federal privacy or professional obligations. Members also raised concerns about detention based on suspected status, the standard of proof for immigration-status determinations, prison and jail impacts, workforce shortages, and the fiscal effects on counties and state agencies. The sponsor said the bill did not provide DMV funding, that the state would need to study some implementation questions, and that the appropriations included $25 million for a local law enforcement participation incentive program and up to $350 million for broader implementation and coordination. Several amendments were offered and failed. Representative Chambliss proposed protecting schools, churches, and places of worship from enforcement activity; Representative Escamani offered amendments to preserve in-state tuition for Dreamers and to grandfather currently eligible students; Representative Woodson offered a similar Dreamer-related amendment; and Representative Bartleman proposed barring local law enforcement from entering schools during school hours to detain children solely for immigration status. Supporters of these amendments argued they would protect children, preserve educational access, and prevent trauma in schools and houses of worship. The House rejected each amendment by voice vote, and the transcript ends during debate on the Bartleman school-safety amendment before final disposition is shown.

Transcript Highlights:

• Um, we are also working with our CFO to streamline our process. it would go up the chain to our director
• information um we are also working with information um we are also working with our<05:49:52.080><c> CFO
• c> to</c><05:49:53.080><c> streamline</c><05:49:53.600><c> our</c><05:49:53.840><c> process</c> Our CFO

Summary: The Committee on Finance held its first informational briefing for 2025, beginning with member introductions and then hearing an economic outlook presentation from Dr. Eugene Tian of the Department of Business, Economic Development and Tourism. Dr. Tian said Hawaii’s economy was in relatively good shape in several areas, especially construction, which he described as at a historical high, with construction employment above 40,000 monthly and building permit values and contracting tax base both up sharply. He also noted real estate sales had rebounded in 2024, the labor market had stabilized with unemployment around 2.9%, and initial unemployment claims were below 2019 levels. At the same time, he highlighted challenges including inflation running above the national rate, a shrinking labor force, lower employment compared with 2023, and continued weakness in visitor spending and arrivals. He said future growth would likely come from health care, professional services, construction, tourism recovery, and diversified sectors such as renewable energy, aquaculture, creative industries, and technology. Dr. Tian also discussed Hawaii’s economic structure and recovery, saying the state remains more concentrated in a few industries than the U.S. overall, with government and hospitality making up larger shares of the economy. He said non-tourism sectors had recovered, but tourism-related jobs and output were still below pre-pandemic levels, with Maui and the visitor industry still affected by the wildfire and COVID-19 impacts. He projected tourism and non-agricultural wage and salary jobs would not fully recover until 2027, and said population trends remain a concern because of aging, the likelihood of deaths outpacing births in coming years, and reliance on in-migration. After his presentation, the chair said questions would be taken later and the committee took a short break. After the break, Dr. Carano of the Hawaii Executive Director’s office presented a second outlook, saying Hawaii’s economy in 2025 looked better than 2024 overall, though he emphasized substantial uncertainty tied to the incoming federal administration. He said possible changes to tariffs, tax policy, immigration, and federal spending could raise inflation and keep interest rates higher than previously expected, which would affect housing, consumer debt, the dollar, and Hawaii’s visitor industry. He noted that U.S. visitors account for roughly three-quarters of visitor spending in the state, making federal policy especially important. He also said deregulation could be a long-term positive but would not likely have much effect in 2025 or 2026. As an additional risk, he pointed to bird flu and its effect on livestock, poultry, and egg prices. No votes or formal actions were taken during the briefing.

Transcript Highlights:

• Uh, but the CFO can give you those numbers, but I can assure you it's uh, it's affordable.
• Uh, but the CFO can give you those numbers, but I can assure you it's affordable.

Committee: Senate Judiciary and Public Safety

Transcript Highlights:

• The CFO was there.
• The CFO was there.

Summary: The Senate opened with prayer, the Pledge of Allegiance, and several introductions and memorial remarks, including a moment of silence for service members killed in the conflict in Iran. The chamber then moved to special orders and took up a series of bills, with many measures passing unanimously after brief explanations and, in several cases, substitution of House companions. Early bills included CS/CS/SB 1062 on speech and debate education, which drew extensive supportive debate about the civic value of debate programs and passed 37-0, and SB 1072 on an anti-Semitism task force, which was amended to clarify that criticism of Israel is not prohibited and then passed 37-0. The Senate also approved CS/CS/SB 1230/HB 1019 on PFAS chemicals and firefighting foam, with discussion focused on phasing out AFFF, testing requirements, exceptions for federal aviation and military uses, and support for firefighters and water quality; the bill passed 37-0. Other measures passed without opposition included SB 1706 on the My Safe Florida Condominium Pilot Program, SB 186 on student health and safety and seizure response training, SB 598 on funeral and cemetery services, SB 990/HB 883 on protected cell captive insurance companies, SB 554 on nonprofit corporations, SB 560 on child welfare and foster care medication procedures, SB 684/HB 961 on electronic signatures for salvage titles, and SB 778/HB 569 on forensic client services. Two bills, SB 432 on intoxicating substances and SB 928 on dangerous crimes, were temporarily postponed. A major portion of the meeting was devoted to SB 1134 on official actions of local governments and DEI-related activities. The sponsor argued the bill would prevent counties and municipalities from funding or promoting DEI efforts he described as discriminatory or indoctrinating, while opponents offered amendments to narrow the bill to spending only, add an intent requirement for penalties, and preserve local proclamations and observances. Those amendments were debated at length but were not adopted. The sponsor then continued explaining the bill’s exceptions, including references to holidays, heritage sites, and the Pulse Memorial, and the chamber was still in debate on the underlying measure when the transcript ended.

Transcript Highlights:

• the private sector, the superintendent is equivalent to a CEO, and the BA would be equivalent to a CFO
• sector and the BA would be equivalent to sector and the BA would be equivalent to a<00:24:57.039><c> CFO

Summary: The committee first approved corrected minutes from October 6 after members noted and fixed several transcription and spelling errors, including a clarification that a comment about SAU numbers came from former Senator Jim Rubin. The vote to approve the corrected minutes was moved, seconded, and adopted with one abstention. The main presentation came from Chuck Bates of the New Hampshire Association of School Business Officials (ASBO), who described the organization, its certification program, and the role of school business administrators. He explained that ASBO members handle accounting and financial management, facilities, food service, HR, information systems, transportation, and risk management. He also outlined the certification program, which includes 21 courses, most online, plus four in-person workshops unique to New Hampshire, and noted that many members are not certified because the state licensure requirement was removed. Bates then addressed the committee’s interest in SAU consolidation and county-wide restructuring. He said business administrators often manage multiple budgets, attend school board meetings, and serve as a visible point of contact for the community. He argued that consolidation would create operational and financial challenges, including staff and facility relocation, differing accounting systems, lack of a standardized chart of accounts, and uncertain return on investment. He said the biggest obstacle would be local control, especially in small towns that do not want outside decisions affecting school closures, class sizes, or student transportation. Committee members questioned him about the distinction between administrative and academic control, the size of district offices in larger cities, and what might reduce administrative costs; Bates responded that many administrative costs stem from legislation and that consolidation would be difficult to implement without local support.