Video & Transcript Research : 'pooled finance'

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CA
Transcript Highlights:
  • Jessica Deichmann with the Department of Finance.
  • Finance does note that the University of California recently did inform Finance, the Legislature, and
  • Department of Finance.
  • Hi, Jessica Dutchman, Department of Finance.
  • Hi, Jessica Darchman, Department of Finance.
Summary: The Assembly Budget Subcommittee on Education Finance held an extended hearing focused primarily on University of California budget issues, enrollment, housing, and Title IX. Chair David Alvarez opened by noting the governor’s proposed 8% ongoing General Fund reduction to UC, the deferral of compact funding, and the College of the Law budget item, while emphasizing that no votes would be taken that day. Public commenters, including UC Davis employees and lecturers, urged restoration of UC funding and opposed the hiring freeze, saying cuts would worsen staffing shortages, reduce research capacity, and harm students and patients. On UC core operations, the Department of Finance said the governor’s budget maintains the compact but defers $240.8 million in ongoing support and continues a planned 7.95% reduction, while the LAO recommended rejecting the deferrals and instead making any changes in the budget year. UC San Diego’s chancellor and UC Office of the President argued the cuts and deferrals would create major campus shortfalls, force hiring freezes, larger class sizes, fewer course offerings, delayed projects, and possible layoffs. Committee members questioned whether cuts could be shifted away from students and toward administration, discussed UCOP reserves and bond debt, and noted that UC’s budget structure makes the campus-level impact larger than the headline reduction. The committee also reviewed enrollment trends and nonresident replacement. The LAO said UC resident enrollment has grown and recommended revisiting 2026-27 targets and pausing the nonresident replacement plan if state funding does not improve. UC said it has exceeded California undergraduate enrollment and nonresident replacement goals, but warned that continued growth without funding would force enrollment reductions and harm quality. Members discussed the role of nonresident and international students, tuition rates, and the value of UC as a pathway for California students and a source of talent for the state. A separate housing item covered the state’s Higher Education Student Housing Grant Program. UC reported that recent bond savings could support additional affordable beds at UC Davis and UC Santa Barbara, but the LAO and Finance noted the Legislature would need to decide how to use the $6.2 million in savings from the original projects. The committee also heard a Title IX update from UC’s systemwide civil rights office, which described campus Title IX structures, training, and policy enforcement, and said the system has been working to improve confidentiality guidance and streamline complaint processes after survey feedback showed confusion and lengthy procedures.
MN

Minnesota 2025-2026 Regular Session

Committee on Finance - 04/14/26

Finance

Transcript Highlights:
  • The April 14th meeting of the Senate Finance Committee will come to order.
  • educational financing. educational financing.
  • Um our approach to this particular pool Um our approach to this particular pool was<00:26:45.360>
  • <01:09:45.000> of SBI manages all of our other pools of SBI manages all of our other pools
  • <01:10:32.960> of are no illiquid assets in this pool of are no illiquid assets in this pool
Keywords: 1187, senate, all
NH
Transcript Highlights:
  • Legislators and risk pool resources.
  • Risk pooling is not insurance.
  • Risk pooling is not insurance. reserves. Risk pooling is not insurance.
  • Some risk pools follow a different model; some other risk pools follow another model.
  • <00:40:02.880> follow model some other risk pools follow model some other risk pools follow
Keywords: 1189, house, all
Summary: The committee first took up SB 297 and a new amendment, 2462, which combined the original Senate bill with the Carson amendment and added a proposed alternative regulatory system, RSA 420R. The chair and members discussed that the amendment was intended to give the Senate what it had asked for while also creating a dual system for public entity risk pools. Members asked whether the new structure would affect ownership or governance of health trusts, and the chair explained that 420R would be a separate regulatory statute while existing 420J-style arrangements could remain in place. The committee also noted that a paragraph had been accidentally deleted from the amendment and that another amendment would be prepared to correct it, with the subcommittee recessed while that was done. Public testimony focused on School Care, represented by Executive Director Lisa Ducette, who opposed the shift to Department of Insurance oversight under 420R. She argued that public entity risk pools are not insurance companies, that they are accountable to member entities and taxpayers, and that the proposed dual regulation would add unnecessary costs through examinations, higher reserves, and additional accounting requirements. She said the change could threaten tax-exempt status and create an uneven playing field, and she urged the committee to support SB 297 with the Carson amendment instead of moving to 420R. Committee members questioned whether the amendment would actually affect pools that stayed under the Secretary of State model, and one member cited support from the New Hampshire Municipal Association for the dual system. The discussion then shifted to amendment 245 on ambulance reimbursement and contracting timelines. Members reviewed a provision giving insurers 45 days and ambulance providers 60 days in the contracting process, and one member suggested making both periods 60 days. The chair and others said the current language was intentional and part of a broader compromise aimed at ending balance billing and forcing insurers to establish reimbursement rates. Members noted that the measure was unusual and that its effects would be reviewed over the next two years, with one member saying the bill would likely be difficult to roll back later. No final vote was taken in the portion provided.
MN

Minnesota 2025-2026 Regular Session

Committee on Taxes - 04/16/26

Taxes

Transcript Highlights:
  • I'm the director of the development finance team at the city of Minneapolis in the finance and property
  • I'm the director of the development finance team at the city of Minneapolis in the finance and property
  • Uh going into the swimming pool project.
  • And they are going to move the swimming pool out of that particular area.
  • They closed their pool a number of away.
Keywords: 1187, senate, all
FL

Florida 2026 Regular Session

Education Pre-K - 12 Feb 4th, 2025

Education Pre-K - 12

Transcript Highlights:
  • We help finance departments and non-instructional staff.
  • Because I can sit here and talk about individual finances.
  • Because I can sit here and talk about individual finances.
  • How about finance services?
  • How about finance services?
Summary: The Senate Education Pre-K-12 Committee met to discuss the needs of rural school districts and the role of Florida’s three regional education consortia: the Panhandle Area Education Consortium, Northeast Florida Educational Consortium, and Heartland Educational Consortium. Executive directors and several rural superintendents described the consortia as member-led organizations that provide shared services, professional learning, leadership development, grant support, cooperative purchasing, risk management, IT/cybersecurity help, and back-office assistance that small districts could not afford to provide on their own. They emphasized that rural districts are often very small, have limited staff, and must still meet the same state reporting and compliance requirements as large urban systems. Testimony focused heavily on teacher recruitment and retention, alternative certification, and the difficulty of staffing specialized roles such as CFOs, MIS directors, IT staff, and content-area teachers. Superintendents said many new hires are career changers or alternatively certified teachers who need consortium-supported training, and several argued for more flexibility in funding so districts can raise salaries and compete with neighboring districts and nearby states. Members also asked about the impact of declining enrollment, homeschooling, and voucher-related school choice; superintendents said those trends are reducing FTE and creating budget instability, while also requiring districts to right-size staff and programs. Several speakers described the financial strain on rural districts, including rising insurance costs, transportation costs, and the challenge of forecasting budgets when enrollment changes after the school year begins. One superintendent recounted major hurricane damage and said consortium risk-management support was essential to recovery. Others said the consortia help districts pool resources for property and health insurance, payroll, student data systems, and procurement, and that this shared approach saves money and improves services. No votes or formal committee actions were taken during the meeting.
CA
Transcript Highlights:
  • Department of Finance. Raise your hands. From the Department of Finance? Where are you?
  • Department of Finance? Raise your hand. Really, really big, really big. The Pirate of Finance.
  • Colby White, Department of Finance.
  • The financing tools that would be used.
  • to access financing. who perhaps may not be able to qualify for traditional financing to access financing
Keywords: 988, house, all
Summary: The committee heard a series of May Revision budget items, beginning with the State Controller’s Office. SCO described requests for Fiscal Book of Record stabilization, payroll system implementation, ACFR reporting support, and unclaimed property outreach funding. Members focused on the Fiscal system’s July go-live, the improved timeliness of the ACFR, and the unclaimed property program’s roughly $15 billion balance and outreach efforts. The Department of Finance and LAO raised no major concerns, and the item was closed after discussion of how the new outreach funding would be used. The committee then considered several revenue proposals. Finance presented a proposal to tax pre-written digital software and SaaS, with estimated General Fund gains of $450 million in 2026-27 and $900 million ongoing; LAO suggested broader digital tax changes and a business-use exemption, while industry groups opposed the measure as a tax on essential digital tools. CDTFA also presented an administrative request tied to the software tax, and later a $10 million budget reduction reflecting lower operational needs. The committee then heard a federal conformity proposal for new children’s tax-deferred accounts, which LAO supported, and a proposal to cut the first-year LLC/LP minimum tax from $800 to $400, which Finance said would aid small business formation but LAO argued was poorly targeted and would reduce revenue. Another major item was a permanent business tax credit limitation beginning in 2027, capping credits at the greater of $5 million per corporation or 50% of pre-credit liability. Finance said it would raise about $850 million in 2026-27 and more in later years, while LAO noted it would mainly affect large firms using the R&D credit and could also touch California Competes and other programs. Public testimony split sharply between business groups opposing the cap and advocates supporting it as a progressive revenue measure. The committee also heard FTB’s CalFile realignment proposal, which would retain a smaller staff to continue improving the free filing system and return most of the prior funding to the General Fund. The hearing concluded with the California Arts Council’s request to reauthorize the Keep Arts in Schools voluntary contribution fund, which brings in about $221,000 to $266,000 annually for arts grants and teacher stipends. Members and advocates supported the item but also urged larger arts funding, including the Performing Arts Equitable Payroll Fund. The Governor’s Office of Business and Economic Development then presented proposals for the California Civic Media Program, CA RISE reappropriation, and a reversion of unused Chips for America facility funds; LAO supported the latter two but was cautious about new civic media spending. Members raised concerns about the civic media program’s scope, including the exclusion of broadcast and the lack of a specific ethnic media set-aside, while GoBiz said funds would begin going out in the fall if approved.
MN
Transcript Highlights:
  • Good morning, Chair Scott, Vice Chair Hudson, and members of the Judiciary Finance and Civil Law Committee
  • administrative infrastructure services to the entire judicial branch, including human resources, finance
  • <00:04:18.680> legal<00:04:19.479> research Human Resources Finance legal research
  • These barriers can reduce participation and really affect representation in jury pools.
  • These barriers can reduce participation and really affect representation in jury pools.
Keywords: 1183, house
Summary: The House Judiciary Finance and Civil Law Committee heard a presentation from State Court Administrator Jeff Shorba on the Minnesota judicial branch’s 2026-27 budget request. He outlined the courts’ structure and workload, noting 322 judges, about 2,800 staff, roughly 1 million district court cases annually, and a current budget of about $479 million. Shorba emphasized the courts’ constitutional role, the fact that court fines and fees are deposited into the general fund rather than retained by the branch, and recent legislative investments that helped reduce pandemic-era backlogs, improve technology, sustain treatment courts, and raise interpreter and examiner pay. The budget request focused on several areas: a 6% judicial salary increase to address recruitment and retention problems, including a 15% rise in turnover and a 27% drop in applicants since 2020; funding for health care and office lease cost increases; digital accessibility compliance work required by new federal ADA rules; a modernized justice partner access system for court records; higher pay for forensic psychological examiners, whose workload has risen sharply; increased juror compensation from $20 to $100 per day and mileage adjustments; and ongoing funding for interpreters, jury services, and cybersecurity. Shorba said the total request would be a 12% increase over the FY 2026-27 base budget. Members asked follow-up questions about funding for newly launched treatment courts and how those courts are financed after federal grants expire. Shorba said he would provide more detail later and noted the branch generally starts treatment courts with federal funding before seeking state support. Representative Ric also asked about labor negotiations, and Shorba explained that the judicial branch negotiates its own contracts rather than using the executive branch, with three unions involved and many unrepresented employees. No votes or formal actions were taken during the discussion.
TX

Texas 89th Regular

Senate Session (Part II) Aug 27th, 2025

Texas Senate Floor Meeting

Transcript Highlights:
  • Accountability and transparency in finance.
  • House Bill 26, relating to contracting with law enforcement agencies in certain counties to finance.
  • In certain counties to finance.
  • move to suspend the 24-hour posting rules, Rule 709 and Rule 1119, so that the Senate Committee on Finance
KY
Transcript Highlights:
  • of finance as well as our controller. of finance as well as our controller.
  • <01:04:07.280> money we're also requesting some pool money we're also requesting some pool
  • > again<01:05:30.960> addresses preservation pool, which again addresses preservation pool
  • is for the ENG systems improvement pool is for the ENG systems improvement pool to<01:07:38.400>
  • as well as the ENG building system improvement pool.
Summary: The meeting opened with prayer and the Pledge of Allegiance, followed by a roll call establishing a quorum. The committee then approved the prior meeting’s minutes. Members were reminded to silence cell phones, and the chair noted an informational item on capital plan amendments made by state agencies during the latest revision period before moving to university capital plan presentations. Eastern Kentucky University President David McFaden outlined EKU’s enrollment growth, strong Kentucky student retention, and signature programs in nursing, occupational therapy, criminal justice, education, manufacturing engineering, and aviation. EKU’s main capital priorities were a new health innovation project to support a proposed osteopathic medical program, including a $50 million escrow requirement until accreditation; a collaborative center for health innovation to address outdated health sciences facilities; a $5 million startup request for an air traffic control program; aircraft upgrades for the aviation fleet; and continued asset preservation funding. In response to questions, EKU said roughly 40% of the new health facility would be dedicated to the medical school, with shared simulation space for multiple health programs, and that aviation maintenance needs are currently being met through KCTCS partners but could be expanded if demand grows. KCTCS representatives then described the system’s scale and capital needs, noting service to 107,000 students, extensive dual credit and workforce training, and a network of 342 buildings across 70 campuses. They said prior legislative support, including $277 million in asset preservation and $90 million released for approved projects, had helped with safety, roofs, energy efficiency, and campus security. Their current priorities include about $30 million for systemwide safety and security upgrades, renovations tied to consolidation and footprint reduction under Senate Joint Resolution 179, and broader asset preservation needs estimated at roughly $300 million to $325 million. Members discussed the need to preserve and expand skilled trades training, and KCTCS said its plan includes construction trades and flexible, multiuse facilities that can adapt to changing workforce needs. No votes were taken beyond approval of the minutes, and the presentations concluded with questions and discussion only.
CA

California 2025-2026 Regular Session

Senate Housing Committee Jun 24th, 2026

Housing

Transcript Highlights:
  • Are they private pools? Are they public pools? The California law didn’t really, wasn’t clear.
  • George Covent, on behalf of the California Pool and Spa Association and the Pool and Hot Tub Alliance
  • What were the amendments that were taken that make the indoor pools secure, just like a pool at home
  • So these pools will follow the Private Pool Safety Act, which already requires two of seven different
  • We’re going to have certified pool operators maintaining the pools for water quality and other issues
Keywords: 987, senate, all
KY

Kentucky 2026 Regular Session

Senate Standing Committee on Education. (2-5-26)

Education

Transcript Highlights:
  • :15.200> superintendents, your pool of future superintendents, your pool of future superintendents
  • And so that pool of future right?
  • . when it comes to school finance.
  • This when it comes to school finance.
  • <00:55:55.200> training three hours of school finance training three hours of school finance
Keywords: 958, all
Summary: The committee first heard Senate Bill 2, sponsored by Senator Julie Rocky Adams, which would prohibit school administrators from receiving a percentage pay increase greater than the average percentage increase given to classroom teachers in the same district. Supporters said the bill is intended to keep teacher pay from falling behind, promote fairness and transparency, and preserve local control through existing waiver options. Senators Thomas, Higdon, Givens, Neal, Williams, and others generally supported the bill, while Senator Meredith raised concerns about unintended consequences for rural districts and the ability to retain principals and other talent quickly enough through the waiver process. The sponsor and others responded that the waiver process is standardized and expedited, and that normal raises would not be affected. SB 2 was adopted unanimously with favorable expression. The committee then took up Senate Bill 4 on school leadership, with a committee substitute changing a reference from the Kentucky Chamber of Commerce to the Kentucky Chamber Foundation. Senator West explained that the bill is designed to create a coordinated five-year principal leadership pipeline, based on research suggesting that school leadership is a major factor in teacher retention and school success. The first two years would be KDE-run foundational training and mentorship, followed by a gap year, then a public-private partnership year with the Chamber/Truist program, and finally a fifth year of advanced training through approved providers such as Western Kentucky University or KASA. West said the goal is to extend principals’ tenure and improve leadership quality statewide. Ashley Watts of the Kentucky Chamber of Commerce testified that the Chamber Foundation has run the Leadership Institute for School Principals since 2011, sending 641 principals from 112 counties through the program at a business-funded cost of more than $4.4 million. She said the program has reached about 3 million students and produces measurable school improvement. Henderson County Superintendent Bob Lawson said the program has been valuable in his district and emphasized the heavy workload and leadership demands placed on principals. The discussion continued with testimony about the importance of principal leadership and the need to invest in it, but no final vote on SB 4 was reached in the portion provided.
NM

New Mexico 2025 Regular Session

IC - Investments and Pensions Oversight Jul 18th, 2025

Investments & Pensions Oversight Committee

Transcript Highlights:
  • These changes were made back in 2018 for some of our pools.
  • The response to that is because we actually pool our total membership.
  • When you have 18-year-olds who are part of that pool, you're going to see lower rates.
  • Insurance costs, but that may be another pool you look at because the larger the pool, the lower the
  • This pool appears to be...
NM

New Mexico 2025 Regular Session

House - Chamber Meeting Oct 1st, 2025

Transcript Highlights:
  • With the membership of the... ...operations and finance committee and the legislative finance committee
  • So the risk pool is different than an employer-covered one.
  • And through our incredible finance committees and the Legislative Finance Committee, we can right-size
  • I believe we talked a little bit about the risk pool, right?
  • A higher, bigger pool of individuals who are indeed in this pool.
AZ

Arizona 2026 Regular Session

03/24/2026 - Senate Floor Session

Arizona Senate Floor Meeting

Transcript Highlights:
  • I will fill the desert with pools of water; rivers fed by springs will flow across the parched ground
  • HB 2344, local government investment pool, treasurer, finance. HB 2344. HB 22344.
  • Local government investment pool, treasurer, finance.
  • SB 2680 workers' compensation, notice fraud compensation, finance.
Keywords: 1182, all
Summary: The Senate opened with prayer, the Pledge of Allegiance, and electronic roll call showing 24 members present, zero absent, and six excused. The Journal for March 23, 2026 was approved, and Senator Dunn introduced an intern from the University of Arizona Cooperative Extension Natural Resource Users Law and Policy Center. The main substantive item was a legislative proclamation recognizing April 26 through May 2, 2026 as Arizona Water Professionals Week. Senator Gabaldón read the proclamation and introduced guests from the Arizona water community, emphasizing the importance of water professionals, water reliability, and the state’s water management efforts. Senators Dunn, Sundareshan, Shope, and Gabaldón were listed as signatories, and Gabaldón also congratulated Trey Harris of Community Water Company of Green Valley for an upcoming award. The chamber then handled routine business: House and Senate bills were read into the record and referred to committees, including measures on local government investment pools, housing zoning in historic neighborhoods, juvenile penalties, workers’ compensation fraud notice, the Arizona State Trade Commission, justice court administration, and a sexual abuse prevention pilot program. House Bill 2673 was withdrawn from committee. Committee meeting announcements were made for the next day, and the Senate adjourned by motion until March 25, 2026 at 1:15 p.m.
FL
Transcript Highlights:
  • So for those that were coming to risk pool annually, right, this this model is addressing that.
  • module within see us those requirements in for the finance module within see us moving forward.
  • We know we only had 3 million dollars in our risk pooling when you combined all the deficits of other
  • What in this formula deals with it and there's no risk pool in situations.
  • So historically has been a back of the bill solution or risk pool solution.
Keywords: 999, senate, all
MA
Transcript Highlights:
  • So litigation is potentially an option, but it's really costly in terms of finances.
  • But there really is just a limited pool—such a limited pool of CCRCs that are in there, and they probably
  • have the best finances too since they’ve gone through the steps to do this.
  • is just a limited pool, such a limited pool of C C C Cs that are in there and they probably have like
  • the best finances too since they've gone through the steps to do this.
Keywords: 995, all
Summary: The commission’s fifth meeting focused on consumer protections and resident rights in continuing care retirement communities (CCRCs), with a presentation by Yvonne Choyah of UC Law San Francisco. She described California’s CCRC framework, including entrance fee structures, monthly fee increases, contract types (A, B, and C), disclosure requirements, and regulatory oversight. A major theme was that residents often do not understand the contracts they sign, while providers retain broad discretion over fees, transfers, terminations, and changes to the physical plant. She also emphasized that California’s regulator is understaffed and not well suited to oversee the complex financial and insurance-like aspects of CCRCs, and that resident complaints and litigation can be slow and difficult. Choyah and commission members discussed several consumer-protection issues, including refundable versus repayable-on-resale entrance fees, rising monthly care fees, the decline of life care contracts, and the need for clearer disclosures and better comparative data for prospective residents. She noted that California requires annual disclosure statements, resident bill of rights materials, and some fee-related reporting, but that enforcement and accessibility remain weak. Members raised questions about resident board representation, accreditation, refund requirements, and whether state agencies or resident associations could help explain contracts to consumers before admission. Choyah suggested stronger oversight, more financial expertise in regulation, and better transparency about ownership and fee-setting. The meeting ended with discussion of the commission’s next steps toward its August report. Staff said a draft report would be prepared from the commission’s discussions and circulated for comment before final revisions. The chair also announced staff transitions: Jennifer would be leaving the State House role, and Juliana Fernandez and Vicky Halal would be the main contacts going forward. The commission adjourned after thanking Choyah for her presentation and answering member questions.