Video & Transcript Research : 'surplus appropriation'
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MN
Transcript Highlights:
- And so one of those, appropriately so, is adding a baby.
- The 2023 appropriation titled Integrated Services for Children and Families included $36.9 million for
- In 2023, we received appropriations to support two projects related to the systems.
- And then what I said was we received a one-time appropriation in 2023 to be spent over multiple years
- Why when we had an 18 billion dollar surplus, did we fix this problem?
FL
Florida 2025 Regular Session
March 4, 2025 - 01:30 PM
Transcript Highlights:
- Additionally, they are appropriated funds to manage a database that tracks each and every vehicle and
- vehicle data, which in turn allows DMS to understand when vehicles should be purchased or placed into surplus
- last but not least, the Bureau was responsible for managing the disposal of the state's used and surplus
- Department records had not evidenced that timely or appropriate processing of a state agency vehicle
- And that's what should be appropriated. And the rest really sounds very muddy, in my opinion.
Summary:
The subcommittee first heard a lengthy Auditor General presentation on the Department of Management Services’ fleet management operations. The audit found major problems with oversight, recordkeeping, policies, fee-setting, purchase and disposal approvals, public auction controls, and FleetWave system access and processing. Key findings included that 2,279 vehicles valued at more than $57 million could not be matched between FleetWave and FLAIR, disposal records were missing or incomplete, user access remained active long after employees separated, and the department had not documented a reasonable basis for its $1.75 per-vehicle monthly fee. Members expressed strong concern about the accuracy of the state’s fleet inventory and the risk of waste or misuse. DMS Secretary Allende said the department concurred with the findings, was working with the Auditor General, and planned corrective actions, including better training, clearer guidance, improved reconciliation, and possible centralization or pilot programs for fleet purchasing and management.
The committee then returned to vacancy discussions with several agencies. The Division of Administrative Hearings said its two long-vacant judges of compensation claims positions had been hard to fill because of low pay and short reappointment terms, but the chief judge said the division could operate without them and offered those positions up as part of a reduction exercise. The Public Service Commission reported 42 vacancies but said statutory deadlines were still being met, though staff workloads and depth of analysis were affected. The commission also said vacancies help it manage salaries within its trust-fund budget. Members questioned whether some of those positions were truly needed given the lack of delays.
The Florida Gaming Control Commission reported 29 vacancies, including a vacant chair that prevented appointment of an inspector general, and said the chair vacancy was a gubernatorial appointment issue. The acting executive director also said the commission’s compulsive gambling prevention program had lapsed after no responsive bids were received for a new contract, but an invitation to negotiate was nearly complete and a new provider was expected soon. The Public Employee Relations Commission reported that its caseload had more than doubled after Senate Bill 256, which increased union recertification work; it said it was meeting deadlines only with overtime and that the workload had not fallen despite decertifications. Members asked for follow-up data on union cases, vacancy needs, and whether some positions across agencies could be reallocated to better match workload.
HI
Hawaii 2026 Regular Session
WAL-PBS Joint Public Hearing - Tue Mar 31, 2026 @ 10:00 AM HST
Water & Land
Transcript Highlights:
- In that case, an appropriate notice will be posted.
- In that case, an appropriate<00:31:57.200>
notice <00:31:57.640>will <00:31:57.800>be - appropriate notice will be posted. appropriate notice will be posted.
- Be the appropriate group to start to do that.
- most appropriate way to administer<02:01:21.360>
them.
Bills:
HCR13, HCR61, HCR136, HCR185, HCR155, HCR68, HCR174, HCR178, HCR179, HCR91, HCR103, HCR115, HCR199, HR15, HR128, HR175, HR147, HR62, HR164, HR168, HR169, HR83, HR95, HR107, HR189
Keywords:
coral reefs, sunscreen, environmental education, student stewardship, marine conservation, reforestation, Hawaii, Department of Land and Natural Resources, native forests, climate resilience, sustainable practices, economic opportunity, biodiversity, wildland-urban interface, WUI, wildfire mitigation, wildfire safety, Maui County, County of Maui, Kauai
Summary:
The Committee on Water and Land met on March 31, 2026, and heard testimony on several resolutions. HCR 13/HR 50, which asks DLNR to work with DOE and the Public Charter School Commission on a student coral stewardship program, drew comments from DLNR, which said it stood on written testimony and had proposed amendments, and from supporters in the room. HCR 61, urging investment in reforestation policies, workforce, nursery capacity, and related support for public and private lands, received strong support from DLNR and multiple testifiers, including members of a reforestation policy hui, a resident, and others who emphasized watershed protection, flood and fire resilience, and the need to upgrade nursery infrastructure and staffing. Committee members asked questions about nursery modernization, staffing, island-specific needs, and whether reforestation could reduce wildfire impacts; the DLNR witness said all islands need investment, with especially large opportunities on Hawaiʻi Island, and that healthier forests improve resilience though they cannot eliminate climate-related risks.
The committee then heard HCR 136/HR 128 on wildland-urban interface safety standards for Maui plantation towns, but no one testified. It also heard HCR 185/HR 175, which urges denial of permits for ICE detention-related warehouses; Chris Coffey of Immua Alliance testified in support, saying migrant survivors of exploitation are harmed when ICE detains people and that Hawaii would not be the first place to take such action, citing examples from other states and cities. In questioning, members explored whether a local facility would keep people closer to families and services or instead increase local detention; Coffey said detention generally cuts off access to services and can intensify fear, and that a local facility could incentivize more detention and make survivors less likely to come forward.
Finally, the committee heard HCR 155/HR 147 supporting the Hawaii Water Safety Coalition’s Hawaii Water Safety Act. Testifiers included Allison Shapera, who described the statewide water safety plan, Hawaii’s high drowning rate, the economic and human costs of drownings, and her personal loss of her daughter in a preventable drowning; Kirsten Hermstead and Kalani Vierra of the Hawaiian Lifeguard Association said the plan’s recommendations need legislative recognition to help with implementation and grant funding; and Jessamine Town Horner testified by Zoom as a co-founder and bereaved family advocate. The transcript provided does not show any votes or final committee actions on the measures discussed.
MN
Minnesota 2025 1st Special Session
Senate Floor Session - Part 1 - 05/18/25
Minnesota Senate Floor Meeting
Transcript Highlights:
- <01:03:15.520>
versus sitting on $19 billion in surplus versus sitting on $19 billion in surplus - And to the surplus discussion, the surplus went to roads and bridges.
- And to the surplus discussion, the surplus went to roads and bridges.
- I think we could have done more back when we did have that $18 billion surplus.
- I think have that $18 billion surplus.
NM
New Mexico 2025 Regular Session
IC - Legislative Finance Nov 17th, 2025
Transcript Highlights:
- I don't think the placement of children in offices is appropriate.
- Once the agency is staffed appropriately, people feel more satisfied in their jobs.
- That HCA is requesting, by rough math, is about 34% of our surplus.
- Chair, Representative Herrera, in terms of a carryover, excess, surplus, surplus. Well, Mr.
- Making sure money that is appropriated for medication-assisted treatment for substance use.
VT
Transcript Highlights:
- We now have S. 219 being on the calendar for notice and carrying an appropriation under Rule 31 is referred
- to the Committee on Appropriations.
- <00:07:41.360>
under <00:07:41.680>rule <00:07:42.080>31 carrying an appropriation - under rule 31 carrying an appropriation under rule 31 is<00:07:42.960>
referred <00:07:43.360> - provides an initial capital and surplus provides an initial capital and surplus required<00:14:57.279
MN
Minnesota 2025-2026 Regular Session
February 2026 State Budget and Economic Forecast Presentation - 2/27/26
Minnesota Senate Floor Meeting
Transcript Highlights:
- Left unspent, that surplus will carry forward into fiscal years 28 and 29.
- Any increases need to be appropriated by the legislature.
- Any increases need to be appropriated by the legislature.
- <01:26:38.239>
That <01:26:38.400>is surplus and our reserve account. - That is surplus and our reserve account.
MO
Transcript Highlights:
- Page 342, surplus property proceeds.
- This core appropriation allows proceeds from the surplus property sales to cover expenses associated
- There's $1 appropriated in the section and then 3% flexibility from GR appropriations that allows GR
- So whatever the appropriation is.
- That appropriation exists for FY26. We are asking you to continue that appropriation for FY27.
MN
Transcript Highlights:
- Representative Stevenson, your motion is not appropriate.
- Representative Stevenson, your motion is not appropriate.
- Representative Leeling, after you guys squandered an $18 billion surplus, raised taxes by $10 billion
- uh two years ago we are now Surplus uh two years ago we are now facing<00:48:58.559>
over <00: - <01:05:46.760>
that's <01:05:46.960>been the $8.5 billion do Surplus that's been the
FL
Florida 2026 Regular Session
FL House Floor Session - 2025-06-16 (7:00PM Session)
Florida House Floor Meeting
Transcript Highlights:
- It seems appropriate that we began today by swearing two new members. Names.
- We get to appropriate every year. ...is how it was from 1992 to 2023.
- By appropriation, Senate Bill 2502, a bill to be entitled an act implementing the 2025-2026 General Appropriations
- By Appropriations, Senate Bill 2500, a bill to be entitled an act making appropriations. Tracy C.
- By Appropriations, Senate Bill 2500, a bill to be entitled an act making appropriations.
Summary:
The House convened on the final day of session, observed a moment of silence for the Minnesota House Speaker Melissa Hortman and her husband, and for Representative Rosenwald’s father, then swore in and seated new members Boyles and Hodgers. The Speaker also outlined the chamber’s end-of-session priorities, including action on the budget and related conforming bills. The House then took up H.J.R. 5019, a constitutional amendment to expand Florida’s budget stabilization fund by raising the cap, requiring annual transfers, and allowing withdrawals for critical state needs. After sponsor explanations and questions about what would qualify as a critical need and how the fund might respond to possible federal funding cuts, the House adopted an amendment that added more flexibility for suspending transfers and withdrawals. The joint resolution then passed on final passage.
Members next considered HB 7031, the tax package conference report. The bill repeals the business rent tax and aviation fuel tax, delays the natural gas fuel tax, creates or extends several sales tax exemptions and holidays, and makes changes affecting property taxes, local taxes, pari-mutuel taxes, and revenue distributions. Debate focused heavily on the new permanent exemption for ammunition and hunting-related items, the elimination of recurring housing trust fund and transit-related distributions, and the shift of some funding from recurring to nonrecurring status. Supporters argued the package provides tax relief and preserves annual budget flexibility, while opponents criticized the ammunition exemption and the reductions in recurring housing and transit support. The conference report was adopted and the bill passed.
The House then passed HB 5017, which creates a debt reduction program funded by a recurring transfer from general revenue to retire state bonds early, and HB 5015, the state group insurance conforming bill, which directs DMS to develop a formulary management plan and codifies the administrative health insurance assessment. Finally, the chamber began explanation and questions on the General Appropriations Act conference report for fiscal year 2025-26, described as a $115.1 billion budget that is down from the current year and includes more than $12 billion in reserves. Subcommittee chairs summarized major budget areas, including K-12 education, health care, transportation and economic development, agriculture and natural resources, higher education, state administration, justice, and information technology, highlighting funding for school choice, Medicaid, housing, transportation infrastructure, Everglades restoration, workforce programs, cybersecurity, and technology modernization.
FL
Florida 2026 5th Special Session
FL House Floor Session - 2025-06-16 (7:00PM Session)
Florida House Floor Meeting
Transcript Highlights:
- We can appropriate it every year, but as nonrecurring.
- We get to appropriate every year. It's how it was from '92 to 2023.
- By appropriation, Senate Bill 2502, a bill to be entitled an act implementing the 2025-2026 General Appropriations
- By appropriations, Senate Bill 2500, a bill to be entitled an act making appropriations. Tracy C.
- By appropriations, Senate Bill 2500, a bill to be entitled an act making appropriations.
Summary:
The House met on the final day of session, swore in Representatives Boyles and Hodgers, and observed a moment of silence for the Minnesota House Speaker Melissa Hortman and her husband, as well as for Representative Rosenwald’s father. The chamber then moved into final budget work, with leaders outlining the plan to take up H.J.R. 5019, HB 7031, HB 5017, HB 5015, and then the general appropriations act once the Senate transmitted it. H.J.R. 5019, a proposed constitutional amendment to expand the budget stabilization fund, was explained and amended to raise the rainy day fund cap, require annual deposits, and allow withdrawals for critical state needs by a two-thirds vote; it passed 100-1.
The House then adopted the conference report on HB 7031, the tax package. The bill repeals the business rent tax and aviation fuel tax, delays the natural gas fuel tax, creates or expands several sales tax holidays and exemptions, including permanent exemptions for disaster-preparedness items, hunting/fishing/camping items, and ammunition and firearms-related purchases, and makes changes to property, corporate income, local tax, and economic development provisions. Members debated the removal of recurring housing trust fund and transit-related revenue streams, the new ammunition exemption, and the data center tax changes; supporters argued the package reduces taxes and preserves annual budget flexibility, while opponents raised concerns about housing, transportation, and gun violence. The conference report passed 93-7.
HB 5017, creating a debt reduction program funded by a recurring transfer to retire state bonds early, passed unanimously. HB 5015, the state group insurance conforming bill, which directs DMS to develop a formulary management plan and codifies the administrative health insurance assessment, also passed. The House then began explanation and questions on the fiscal year 2025-26 general appropriations act, described as a $115.1 billion budget that is down $3.8 billion from the current year and includes more than $12 billion in reserves. Subcommittee chairs summarized major spending areas, including pre-K-12 funding increases, health care funding for Medicaid, KidCare, nursing homes, opioid treatment, and mental health, transportation and economic development funding, environmental and water projects, higher education, state administration, justice, and information technology. Questions focused on school vouchers, inflationary pressures on school districts, and the adequacy of funding for housing, transportation, and other priorities.
MN
Minnesota 2025 1st Special Session
Conference Committee on HF2431 5/16/25 - Part 2
Transcript Highlights:
- for state grant program appropriations. for state grant program appropriations.
- Um on the next row, uh appropriation.
- <00:24:37.200>
on appropriation on appropriation on R51.<00:24:39.440>Um <00:24:40.240> - The Senate proposes it had a surplus.
- uh that monitoring to an appropriate uh that monitoring to an appropriate level.<00:48:52.720>
NM
Transcript Highlights:
- Right above where it says special appropriations. Page 179.
- , then a separate appropriation in 27 and 28.
- Chair, all be 289 1-year appropriations. They're 2 or 3 years, okay?
- Chairman, those are all the appropriations. OK.
- It's all appropriations, 37 billion, all different funds.
CA
Transcript Highlights:
- Unadmitted surplus lines insurers that are really not that regulated.
- She went to a surplus lines carrier.
- What would be some appropriate steps? I represent all of L.A.
- What would be some appropriate steps? I represent all of L.A.
- Do we have the appropriate—are insurers okay with all these cul-de-sacs that we have?
Summary:
The Senate Committee on Insurance held an informational hearing on how climate change, wildfire risk, and related catastrophes are affecting California’s insurance market, affordability, and availability. Chair and members framed the issue as a statewide challenge tied to resiliency, land use, utilities, legal liability, and the FAIR Plan. Senator Becker noted the hearing was connected to SB 254 and its recent report, while the Vice Chair emphasized that the state’s current regulatory framework limits flexibility and that industry testimony would also have been useful.
Amy Bach of United Policyholders described worsening availability and affordability, driven by climate impacts, insurtech/risk scoring, inflation, and the growth of surplus lines coverage. She said the Sustainable Insurance Strategy is beginning to show progress, but the FAIR Plan remains too large and non-admitted carriers create concerns because they are less regulated and do not share FAIR Plan or guaranty fund obligations. She stressed that mitigation incentives, grants, and voluntary insurer rewards for wildfire-hardening are important, but that many households cannot afford the needed improvements. In response to questions, she said underinsurance remains a major problem, especially after recent fires, and suggested stronger insurer responsibility for replacement-cost estimates or broader replacement-cost endorsements.
Actuary Nancy Watkins and Stanford’s Michael Wara argued that California must both reduce wildfire risk and allow actuarially sound pricing if it wants a healthier market. Watkins compared the market to a household with rising expenses and said the state needs a mitigation framework focused on the highest-risk communities, especially older neighborhoods and homes near the wildland-urban interface. Wara said premiums must roughly equal expected claims plus expenses, and that California is “burning down too many houses,” which drives both availability problems and higher rates. He highlighted the role of structure-to-structure spread, older housing stock, utility ignitions, and the need to focus on community hardening, not just vegetation management. Both speakers said mitigation should be targeted, science-based, and sustained rather than one-time or scattered.
Frank Freebalt of Cal Poly and Michael Gullner of UC Berkeley continued the discussion on fire modeling and risk reduction. Freebalt said the problem is best understood as a structure ignition and urban conflagration problem, requiring integrated land-use, utility, and community mitigation, with evidence-based priorities and better analytics. He emphasized that the state should focus on the highest-risk intersections first and that targeted mitigation can multiply the effectiveness of suppression and evacuation resources. No votes or formal actions were taken; the hearing was informational and focused on testimony, questions, and policy discussion.
NH
New Hampshire 2025 Regular Session
Senate Election Law and Municipal Affairs (04/22/2025)
Election Law and Municipal Affairs
Transcript Highlights:
- appropriate amendment to clear that up. appropriate amendment to clear that up.
- Do you think those ratios are appropriate?
- Um, total amount of all appropriations."
- can only raise as much and appropriate can only raise as much and appropriate as<01:36:41.280>
think those ratios are appropriate? think those ratios are appropriate?
TX
Transcript Highlights:
- Well, we got our money from, as usual, you know, from surplus sales taxes, taxes!
- We're doing what we should be doing with our surplus funds, giving it back to the taxpayers that need
- So today it's a surplus, right? Right. What about tomorrow?
- Surplus and we can afford to buy down this, we can afford to pay for this exemption for seniors.
- That's not appropriate.
Bills:
SJR85, SCR29, SCR38, SCR42, SB23, SB39, SB209, SB227, SB240, SB330, SB527, SB584, SB618, SB619, SB636, SB663, SB715, SB732, SB758, SB801, SB825, SB826, SB843, SB844, SB847, SB870, SB884, SB912, SB957, SB1013, SB1020, SB1065, SB1143, SB1152, SB1164, SB1183, SB1257, SB1299, SB1325, SB1349, SB1413, SB1455, SB1539, SB1558, SB1574, SB1583, SB1624, SB1642, SB1643, SB1667, SB1717, SB1718, SB1727, SB1734, SB1756, SB1757, SB1784, SB1789, SB1832, SB1868, SB1870, SB1883, SB1896, SB1920, SB1924, SB1963, SB2010, SB2018, SB2024, SB2037, SB2052, SB2073, SB2111, SB2161, SB2196, SB2207, SB2253, SB2268, SB2322, SB2323, SB2332, SB2349, SB2371, SB2533, SB2570, SB2601, SB2626, SB2692, SB2705, SB2717, SB2774, SB2788, SB2877, SB2920, SB2, SB260, SB1786, SB1, HJR4, SJR36, SJR50, SJR63, SJR85, SJR84, SCR12, SCR39, SCR38, SCR42, SCR29, SCR4, SCR18, SCR43, SCR46, SB2023, SB825, SB2010, SB1870, SB62, SB666, SB847, SB284, SB854, SB1073, SB810, SB1539, SB1505, SB583, SB957, SB1502, SB507, SB1026, SB1349, SB1433, SB1434, SB1376, SB1585, SB1772, SB2016, SB1163, SB619, SB1122, SB732, SB731, SB397, SB508, SB1436, SB287, SB261, SB1882, SB618, SB393, SB1791, SB826, SB1257, SB870, SB529, SB209, SB1883, SB2024, SB2429, SB1999, SB511, SB2309, SB510, SB1860, SB2037, SB1924, SB2253, SB2018, SB2206, SB1963, SB1643, SB1299, SB841, SB668, SB584, SB1085, SB2431, SB1490, SB1868, SB2314, SB434, SB2046, SB1667, SB1727, SB2127, SB1975, SB1760, SB1734, SB1335, SB2246, SB2439, SB1624, SB1244, SB1468, SB2717, SB1612, SB1262, SB604, SB2395, SB1832, SB1745, SB1746, SB2207, SB1784, SB1524, SB528, SB437, SB269, SB1137, SB968, SB636, SB747, SB1325, SB1789, SB1455, SB2056, SB1940, SB2052, SB1579, SB2068, SB3034, SB844, SB1920, SB1558, SB1236, SB1044, SB884, SB463, SB227, SB240, SB517, SB1200, SB1410, SB1626, SB1845, SB1863, SB2216, SB2681, SB1717, SB2141, SB2323, SB2200, SB2332, SB2199, SB1642, SB1757, SB2050, SB1138, SB2626, SB2458, SB1864, SB2201, SB1862, SB1583, SB1055, SB2660, SB1898, SB2662, SB2161, SB2964, SB2881, SB1065, SB801, SB2743, SB2533, SB1413, SB2073, SB3014, SB3013, SB2774, SB2702, SB2629, SB2443, SB2349, SB2167, SB2145, SB2121, SB758, SB648, SB647, SB512, SB438, SB1721, SB2268, SB1495, SB2705, SB2366, SB1422, SB1369, SB1013, SB682, SB2692, SB2570, SB2797, SB2111, SB1896, SB1164, SB1020, SB663, SB2371, SB1152, SB2196, SB2383, SB2581, SB2798, SB330, SB646, SB843, SB1998, SB1418, SB2788, SB1169, SB2873, SB1754, SB1534, SB1718, SB2779, SB2004, SB1143, SB1756, SB912, SB2119, SB2032, SB527, SB1580, SB1952, SB2601, SB2322, SB2448, SB1777, SB1283, SB407, SB2392, SB2076, SB2786, SB3031, SB2877, SB2876, SB2284, SB2225, SB1540, SB2920, SB2929, SB1395, SB1972, SB2540, SB1183, SB2742, SB2595, SB2217, SB2117, SB715, SB2330, SB1964, SB1383, SB500, SB1640, SB39, SB2001, SB2080, SB2722, SB506, SB2514, SB2623, SB2658, SB1574, SB2900, SB23, SB2753, SB2398, SB401, SB1241, SB2927, SB2173, SB2538, SB898, SB467, SB1449, SB2529, SB1531, SB2846, SB2476, SB2031, SB986, SB1181, SB2075, SB2154, SB2864, HB135, HB1109, SCR48, SB31, SB2880, SB1359, SB2386, SB771, SB2844, SB2550, SB1351, SB1423, SB1931, SB2245, SB2589, SB2707, SB2807, SB2351, SB410, SB659, SB816, SB2776, SB2693, SB2580, SB1980, SB1886, SB1234, SB739, SB482, SB456, SB127, SB1666
Keywords:
Texas constitutional amendment, property tax relief, school district taxes, ad valorem tax, homestead exemption, residence homestead, elderly homeowners, senior citizens, disabled homeowners, age 65 or older, school finance, tax exemption increase, local school taxes, property tax exemption, homestead tax relief, voter approval, school district revenue, tax rollback, disabled persons exemption, El Paso
NH
Transcript Highlights:
- appropriate appropriate um<00:23:00.679>
it <00:23:01.679>looks um it looks um it looks - It does not have an appropriation in it.
- tabled it does not have an appropriation tabled it does not have an appropriation in<00:34:56.639
- <00:41:14.520>
General fiscal committee can appropriate General fiscal committee can appropriate - I don't have any problem with the $160,000 appropriation.
WV
West Virginia 2026 Regular Session
WV Senate Finance Committee in Session Jan 15th, 2026 at 03:02 pm
Transcript Highlights:
- the Big Beautiful Bill; interest income, largely due to spending down of dollars that have been appropriated
- 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.
NM
New Mexico 2026 Regular Session
House - Appropriations and Finance Feb 14th, 2026 at 10:04 am
House Appropriations & Finance
Transcript Highlights:
- On the amendment, when you're striking the appropriation, is there funding in? Mr.
- Working through the substitute, you all can always appropriate to this fund as well.
- Had a surplus of $150-some million.
- So what if there was this huge surplus and you had money?
- chemical and that it is at the appropriate mix.
Summary:
During the legislative meeting, House Bill 287 was discussed, which proposes the establishment of a permanent Health and Human Services Committee to oversee the state's $14.4 billion expenditure in this area. An amendment to the bill was adopted, which clarified funding and operational details. Public comments were solicited, but no one spoke in opposition. The committee ultimately voted, with some members expressing concerns about budget implications, but the motion to pass the bill as amended was made and seconded, with several members opposing it.
House Bill 371 was also addressed, which focuses on creating an Acequia Infrastructure Fund to support land grant and Acequia communities. The bill aims to provide a financial mechanism for these communities to access funds for infrastructure projects without relying on capital outlay requests. The committee discussed the bill's implications, potential funding sources, and the need for further amendments regarding representation and oversight. A motion to pass the bill was made, with some opposition noted, particularly regarding the lack of specificity in the bill's provisions.
Lastly, Senate Bill 143 was presented, which seeks to raise the caps on inspection fees under the Egg Grading Act, among other agricultural regulations. Supportive testimony was provided by representatives from agricultural organizations, emphasizing the need for updated fee structures. The committee engaged in discussions about the bill's implications for consumers and the agricultural sector, ultimately moving towards a vote to pass the bill.
NH
Transcript Highlights:
- We'll money we want to leave in surplus.
- <00:46:37.359>
Does appropriate. Thank you, Mr. Chair. Does appropriate. Thank you, Mr. - :03:01.599>
additional don't need to appropriate additional don't need to appropriate additional - <01:49:13.040>
of cycles ago uh with an appropriation of cycles ago uh with an appropriation - it was appropriated in the beginning. it was appropriated in the beginning.