Transcript Highlights:

• House Bill 559, by the Revenue and Taxation Committee, relating to taxation.
• This is a revenue and tax bill. So we're looking at the impact on revenue of a tax policy.
• That will increase the revenue we get. Thank you. To happen.
• Well, if it's a benefit, then it should be in this calculation.
• Either way, revenues generate more money.

Transcript Highlights:

• The second scenario we calculated is where other ships, such as state ferries, for example, also convert
• A developer must apply to the Department of Revenue, and if approved, Revenue notifies the developer
• A developer must apply to the Department of Revenue, and if approved, Revenue notifies the developer
• different based on the timing of when that spike in revenue occurs.
• They are actually working on a tax revenue... San Francisco. A lot of movement there.

Bills: SB5754

Committee: Senate Ways & Means

Keywords: public bank, state bank, finance, banking regulations, economic development, state investment

Transcript Highlights:

• The idea is that we would take from the revenue... ...of $200 million, to be specific.
• And what are the stipulations for pulling money from the Revenue Stabilization Fund?
• It talks about the General Revenue Fund from the General Revenue Fund, and it just basically says, as
• Items have been sent to the Attorney General's office, and how was that calculated?
• You'll see whether we're using 27 revenues. We use 26 cash. We use 25 cash.

Bills: SB1177

Committee: Senate Joint Committee on Appropriations and Budget

Summary: The Senate Appropriations Committee met to consider Senate Bill 1177, the general appropriation bill. The chair and budget authors explained that the proposal was built to balance the budget using a mix of general revenue, cash sweeps, and other fund transfers, including money from unclaimed property, revenue stabilization, and other statutory funds. Members also discussed a proposed $35 million OWRB revolving loan fund tied to ARPA interest and a $200 million transfer from the Revenue Stabilization Fund to the Taxpayer Endowment Trust Fund as part of a long-term savings strategy. A number of agency-specific items drew questions. Members reviewed the OPEB employer contribution reduction, rent coverage for state agencies, child care and Head Start funding, Department of Corrections revenue from ICE-related agreements, sheriff grant funding, and education funding, including about $99 million in additional formula funding, a $2,000 teacher pay raise, and reading-related appropriations such as Strong Readers and Just Right Reader. The committee also discussed mental health funding, including a $30 million consent decree line, a proposed privatization of CCBHC services with an estimated $10 million savings, and related reduction-in-force costs. Other topics included Attorney General transfers and litigation funding, higher education allocations, Langston University extension funding, historical society requests that were not funded, and a biosolids pilot program. During debate, supporters argued the bill fulfilled the constitutional duty to pass a balanced budget and highlighted increases for education, health care, and water infrastructure. Opponents criticized the use of one-time cash, tax cuts, and what they described as special-project spending, while raising concerns about transparency and underfunded services such as child care and transportation. After debate, the committee voted 18-5 to pass Senate Bill 1177.

Transcript Highlights:

• I was trying to calculate, but I got called, Madam Chair.
• I'm going to calculate how many it says: 10 there.
• I was trying to calculate the hours because I believe it said 20 hours, a maximum of six weeks.
• What we didn't calculate was the employer match.
• There is revenue generated right there.

Summary: The committee first addressed a procedural dispute over House Bill 280, with one member arguing it had already been heard and tabled in another committee earlier that day. The chair ruled the bill was properly before the House Labor, Veterans and Military Affairs Committee because it had been assigned there and published in the notice. HB 280 would create a three-year pilot program to support paid internships for students through grants to school districts, nonprofits, and tribal entities, with the Department of Workforce Solutions administering the program, collecting data, and reporting outcomes. Supporters said it would help build a sustainable funding source for school-year internships, expand access in rural and tribal communities, and connect internships to graduation credit and workforce pathways. Committee members asked about administrative costs, student selection, matching funds, program duration, and whether government entities and land grants could participate. The bill was described as flexible enough to allow different local program designs, including stipends or payroll arrangements. The committee voted do pass on HB 280. The committee then heard House Memorial 46, which honors the Hurley family, especially Major General Patrick Hurley and his son Wilson Hurley, for military service and public contributions to New Mexico. The memorial highlighted Patrick Hurley’s service in World War I and World War II, his diplomatic roles, and his decorations, as well as Wilson Hurley’s military service and later career as an artist. There was no opposition, and the memorial received a do pass recommendation. Finally, the committee took up House Bill 270, a public works apprenticeship bill that would require contributions to apprenticeship and training programs or the Public Works Apprentice and Training Fund on most public works construction projects, while exempting trades with no approved program. Supporters argued the bill would close loopholes, strengthen workforce development, and ensure contractors benefiting from public projects contribute to training. Opponents from asphalt, utility, and contractor groups said they already support existing training programs, warned the bill could raise costs and create participation problems for contractors without access to suitable programs, and noted the Transportation Committee had already considered the bill earlier that day. Sponsors responded that the earlier Transportation action was a procedural glitch and that the bill was a cleanup measure to make the existing law more effective and fair. After extended debate over costs, workforce shortages, and the effect on highway contractors, the committee voted do pass on HB 270 by a 5-3 tally.

Transcript Highlights:

• And finally, all license fees, penalties, and excise tax revenues are to be deposited into the Youth
• It removes a reference to DFI calculating the inflation-adjusted maximum outstanding principal balance
• It removes a reference to DFI calculating the inflation-adjusted maximum outstanding principal balance
• ...to DFI calculating the inflation-adjusted maximum outstanding principal balances of all small loans
• Last, it changed the reference to DFI determining, instead of calculating, the inflation-adjusted amount

Bills: HB2291 , HB2629 , HB2439 , HB1078 , HB1701 , HB2207 , HB2501 , HB2361 , HB1932

Committee: House Consumer Protection & Business

Keywords: kratom, consumer protection, regulation, health safety, substance control, infrastructure, protection, safety, security, state regulations, public health, tobacco regulation, smoking cessation, vapor products, health policy, youth prevention, pet insurance, insurance regulation, animal welfare, claims processes

Transcript Highlights:

• The hour appointed for the House Revenue and Taxation Committee hearing.
• Yes, I would move to approve the House Revenue and Taxation Committee meeting minutes for March 5, 2006
• Welcome to Revenue and Taxation.
• It's really not easy for them to sit and calculate the on and off throughout the year and get it right
• I was saying we could get some experts that do this on a daily basis on how they calculate that tax.

Committee: House Revenue and Taxation

Transcript Highlights:

• And I'm looking at your revenues. I don't see anything wrong with your revenues.
• We have a small allowance for revenue bonds.
• fund revenue, that overall we're going to see a decline of revenues from 2030 to 2050.
• The state road fund revenue indicates that overall we're going to see a decline of revenues from 2030
• Our budget is made up of $570.4 million in state road fund revenue, $107 million of restricted fund revenue

Transcript Highlights:

• What we're seeing is we could see changes in benefit calculations.
• These calculations are based on the Thrifty Food Plan, which determines the cost of a basic diet and
• These calculations will convert to how they were done in 2018.
• And then $3.3 million in general funds that will backfill opioids... settlement revenue.
• That does depend a little bit on those calculations to the thrifty food plan.

Transcript Highlights:

• We're going to be monitoring calculating and then for the supplemental funding program.
• I just want to point out that there was a change in how the measure is calculated 2019, which led to
• And so we calculate those measures and share them with the health plans.
• And that will all be reflected in the health plan's performance measure calculation. >> Thank you.
• And you can see that's their annual General Revenue Appropriation.

Transcript Highlights:

• So when we look at calculating state grants for students, what the state does is we first assign half
• So the state grant does not have a special revenue account like the Northstar Promise Fund.
• What I say when I say that we don't have a special revenue fund, so the Northstar Promise program, it
• </c><00:43:47.880><c> account</c> put into a special revenue account put into a special revenue account
• </c><00:53:29.680><c> um</c> there is not a special Revenue um there is not a special Revenue um account

Committee: Senate Higher Education

Transcript Highlights:

• So I was just trying to get a better sense from you all around what are the proposed revenue streams
• We need to look at other revenue sources.
• Do you envision that there would be this same calculation for Chapter 70 dollars for that district, and
• And hopefully we will... would be something calculated outside of Chapter 70 over and above the Chapter
• According to the MIT Living Wage Calculator, ESP salaries fall far below the cost of living in their

Committee: Joint Joint Committee on Education

Summary: The Joint Committee on Education held a public hearing on a large slate of bills, with most testimony focused on two main topics: improving access to augmentative and alternative communication (AAC) for students with disabilities, and raising educator pay statewide. On the AAC bills (House 514/Senate 418), parents, advocates, and attorneys described how AAC devices and communication books help nonverbal or minimally verbal children communicate, participate in class, and reduce frustration and behavioral issues. Testimony emphasized that while districts are generally required to provide devices, many teachers and school staff lack training to use them effectively; the bill would direct DESE to update licensure and training requirements so newly licensed teachers are prepared to support AAC users. Committee members asked about current teacher-prep practices, implementation, and whether DESE could act without legislation, and witnesses said the proposal was intended as a long-term solution and had previously received some support and compromise language. The committee also heard extensive testimony on House 733/Senate 370, which would set a statewide minimum salary of $70,000 for teachers and $55,000 for education support professionals (ESPs/paras), with inflation adjustments and a phase-in structure that would shift costs over time from the state to municipalities. Supporters, including the bill sponsor, MTA leaders, and school employees from several districts, argued that current pay is not a living wage, contributes to staffing shortages and turnover, and forces many educators to work multiple jobs or rely on public assistance. They said the bill would help recruit and retain staff and better reflect the importance of the work. Committee members raised questions about how the state would fund the mandate, how it would interact with Chapter 70 school aid and local budgets, whether other states have similar mechanisms, and whether the proposal could create disincentives for districts already paying above the floor. Witnesses pointed to the Student Opportunity Act, the Fair Share Amendment, and the need for a broader school funding formula review as possible parts of the solution. The committee also briefly heard and discussed Senate Bill 435/House Bill 736, which would require de-escalation training for school bus operators, with the training paid for by employers. The sponsor and a parent advocate said the bill was prompted by a school bus incident involving a child with cerebral palsy and epilepsy and would improve safety and reduce reliance on law enforcement. Members asked whether the bill should also cover bus monitors and other transportation staff, and whether private contractors and public operators currently provide similar training. At the end of the hearing, the chairs closed testimony on the full list of bills and adjourned the hearing without taking any votes.

Transcript Highlights:

• It is 8:30, the hour that the Revenue and Tax Committee was scheduled to meet.
• Representative Monks explained that property sales are where this issue deals with, as far as how those are calculated
• There was a lawsuit a while back involving the Tax Commission and one of the counties over how to calculate
• We attempted to calculate it.
• House Revenue and Taxation stands adjourned.

Committee: House Revenue and Taxation

Transcript Highlights:

• From what they see, I've even asked the auditor to send us how they've calculated it all up, and I've
• It's 10% of unrestricted general fund revenues for that year. Oh, 10%? 10% of the amount due.
• It's 10% of unrestricted general fund revenues for that year. Oh, 10% of their general.
• and $3,200, respectively, primarily due to posting errors and misclassifications of revenue.
• I understated the revenue using...

Committee: All LEGISLATIVE JOINT AUDITING-COUNTIES AND MUNICIPALITIES

Summary: The committee first heard updates on delinquent private water and sewer reports. For reports due as of December 31, 2012, staff said five additional 2024 reports had been received since the December meeting, bringing the total of released escrow funds to 17 and leaving 26 still escrowed. For reports delinquent as of December 31, 2023, two more reports were received, bringing 59 of the original 64 into compliance and leaving five outstanding. Both update reports were filed without objection. The committee then discussed Act 709 of 2021 and the town of Daisy’s repayment of street turnback funds. Staff said Daisy had made improper payments to a nonprofit, used restricted street funds for fire truck and fire department building costs, and had not adopted the required repayment ordinance or obtained approval for a reduced repayment percentage. Mayor Lisa Cogburn said the city council had not approved repayment because members disputed the amount, though she said the city had funds to pay. After questions from members and staff explaining the audit calculations, the committee adopted a motion requiring Daisy to repay 10% of unrestricted general fund revenues under the statute and to withhold turnback funds if the city fails to comply. The report was then filed. The committee reviewed numerous deferred and current audit findings from cities, counties, and water systems. Several local officials appeared and described corrective steps, including Harrison district court, Carroll County airport, Izard County treasurer, Alexander district court, Town of 56 officials, Bull Shoals, Lone Oak County, Beaver, Central City, Gravette, Ralston Water Department, Thornton Waterworks, Ozan, and Lee County. Findings included missing or inaccurate reconciliations, unsupported credit card charges, payroll and compensation issues, improper use of public funds, missing receipts, and budget overruns. Some matters were referred to the prosecuting attorney and Attorney General, including Bull Shoals and Lone Oak County, while others were filed or deferred as appropriate. The committee also deferred two private water and sewer reports for lack of proper responses, filed 19 reports with resolved findings, and filed 53 reports with no findings. Before adjourning, the committee set its next meeting for February 12, 2026.

Transcript Highlights:

• As usual, the data that's used to calculate the COLA rate will be finalized in late April, so you will
• The calculations using that particular calculator are between $200 million and $400 million over the
• How did you calculate the $7 million per year cost?
• Is that in that calculation as well?
• Santa Rosa Junior College, in particular, had originally started through a revenue bond at CSFA.

Summary: The Assembly Budget Subcommittee on Education Finance held a hearing focused on California Community College budget proposals. Chair Alvarez opened by emphasizing the system’s role in access, transfer, workforce training, and serving more than 2 million students, while also noting persistent challenges in enrollment, persistence, transfer, and graduation. Public commenters and system representatives broadly supported COLA, enrollment growth funding, deferred maintenance, student support block grants, and additional flexibility for districts facing uncertainty. The first major panel covered the student-centered funding formula, COLA, and enrollment growth. The Department of Finance said the Governor proposes a 2.43% COLA ($230.4 million) and 0.5% enrollment growth funding ($30.4 million). The LAO said the COLA was reasonable and recommended funding at least the proposed growth amount, citing uneven enrollment recovery and regional differences. The Chancellor’s Office supported both proposals and asked for additional changes, including using the greater of current-year or three-year average for apportionments and lifting the 10% local enrollment cap, arguing these would better fund growing districts. Members questioned how the formula works, whether SCFF is improving outcomes, and how much additional funding would be needed under different growth scenarios. The committee then reviewed categorical program COLAs, Rising Scholars, career education proposals, IT proposals, and student housing. The Governor proposed a 2.43% COLA for selected categorical programs ($31.9 million). For Rising Scholars, the Governor proposed $30 million ongoing and removal of the cap on participating colleges; the LAO urged waiting for outcome data before doubling funding, while the Chancellor’s Office said the program is serving more students and supports equity for justice-impacted students. On career education, the Governor proposed $50 million for credit for prior learning and $50 million for a career passport; the LAO supported more reporting on credit for prior learning but recommended rejecting the career passport as too undefined, while the Chancellor’s Office supported both. On technology, the Governor proposed $162.5 million for a common cloud data platform and $168 million for a common ERP system; the LAO said both were premature or lacked sufficient planning and recommended rejection, while the Chancellor’s Office argued they would improve real-time data, security, and systemwide efficiency. The committee also heard an update on student housing: the administration said the 2024 shift to a lease-revenue bond model remains in progress for 13 approved projects, with 11 still active, and members asked about withdrawn projects and possible use of any returned funds. No votes were taken, and several items were held open for further discussion and May Revision updates.

Transcript Highlights:

• Chairman, Senator Shippy: So the sales tax amount is calculated right to the penny on the transaction
• amount, and it's calculated before the rounding occurs.
• The sales tax amount is calculated right to the penny on the transaction amount, and it's calculated
• Senator Harris, I don't think sales tax will change at all because you calculate just as if the exact
• They are sharing revenue with student athletes, which is due to the House settlement, which was last

Committee: Senate State Affairs

Transcript Highlights:

• “There’s a calculation in law under 6-20-2305.
• “So it’s based off the calculation. It’s always rolling.
• at the preceding two years from last year’s ADM to see if they’re having a decline, and so that calculation
• question how long do the districts receive the declining enrollment funds so it's based off the calculation
• "This as a utilization tool for that revenue as it relates to either the beginning of the fiscal year

Committee: All ALC-PEER

Summary: The committee met with a quorum, opened with a prayer recognizing the death of Reverend Jesse Jackson, and then worked through a series of appropriation and transfer requests. In Section B, it approved a $273,000 temporary appropriation for the Department of Labor and Licensing. In Section C, it approved two Infrastructure Investment and Jobs Act requests: $280 million for the Department of Transportation and $195 million for the State Broadband Office to support Arkansas BEAD broadband grants, including an extra help position. Members questioned the broadband awards, provider amendments, buildout timelines, accountability, and the status of unawarded locations; the broadband director said no provider had requested speed changes, awards would be monitored with milestone-based payments, and remaining locations would be addressed later as federal guidance is received. The committee also approved transfers in Section D, including $458,000 for the Department of Correction, $25 million for Department of Education programs such as declining enrollment and teacher incentive funding, and $229,000 for Shared Administrative Services project management support. In Section E, the committee considered a $4.7 million budget stabilization trust fund loan for the Office of State Technology to implement ServiceNow and related IT modernization, cybersecurity, and governance tools. Members pressed agency officials on repayment, cost savings, and whether the loan would simply roll over existing costs; officials said repayment would come through agency rates over a five-year period and that the new payment would be lower than the current loan being retired. The committee voted to give favorable advice to the Governor on the loan request. In Section F, the committee reviewed cash fund requests for wage and hour claims, unclaimed property, and a heritage grant; in Section G, it reviewed a $1.1 million federal grant to expand college and career coaching in rural districts; in Section H, it reviewed pay plan and performance fund requests totaling millions across multiple agencies; and in Section I, it reviewed budget manual formatting changes. The latter part of the meeting focused on reports, especially the Medicaid trust fund. DHS and DFA officials reported the fund balance had declined from prior years and was down to about $394 million after seven months, with further decline expected by year-end. Senators and representatives asked about the appropriate reserve level, the impact of pending Medicaid rules and legislation, FMAP changes, and whether additional funding would be needed in the upcoming budget. Officials said projections are updated regularly, more than 10 rule packages remain pending with CMS, and the governor and legislative leaders will discuss additional capital needs during budget development. Members also discussed the importance of balancing Medicaid spending with new federal funding and maintaining flexibility for critical areas such as labor and delivery. The committee then adjourned without further action on the reports.

Transcript Highlights:

• Ecology calculates an annual allowance budget, or cap, which is reduced by a specified percentage each
• It calculates an annual allowance budget, or cap, which reduces by a specified percentage each year.
• An explanation of how Ecology calculates the carbon intensity of electricity is included on page two
• We do want to which translate to revenue from the program. And this is a fine balance.
• Simplot welcomes targeted funding for EITEs through cap-and-invest program revenues.

Bills: SB6172 , SB6246 , SB5932

Committee: Senate Environment, Energy & Technology

Keywords: Washington climate policy, greenhouse gas, GHG emissions, cap-and-invest, carbon market, emissions trading, allowances, covered entity, coal-fired power plant, coal plant, electric utility, electric generating facility, fossil fuels, natural gas, imported electricity, emissions leakage, air pollution, renewable energy transition, industrial emissions, railroad emissions

Transcript Highlights:

• Also, we have Stephanie Shardin Clark, Secretary of Tax and Revenue. Mr.
• Have you calculated that to tell me how much difference that would lower that income? Mr.
• I can get it calculated, though.
• I'm just doing it on my calculator.
• And those numbers were calculated with the folks who build homes. Thank you, Mr.

Bills: HB111 , HB108 , HB145 , HB164 , HB291 , HJR6 , HR1 , HB63 , HB64 , HB165 , HB184 , HB200 , HB4 , HB7 , HB20 , HB65 , HB66 , HB80 , HB88 , HB96 , HB166 , HB285 , HB295 , HB306 , SB29 , SB37 , HJM2 , HJM3 , HJM1 , HM7 , HM17 , HM4 , HM22 , HM23 , HM24 , HM26 , HM2 , HM16 , HM32 , HM13 , HM47 , HM20 , HM51 , HM1 , HM31 , HM35 , HM36 , HM46 , HM53 , HM54 , HM11 , HM14 , HM21 , HM34 , HM50

Summary: The House spent much of the meeting on recognitions and tributes, including remarks supporting New Mexico’s dairy industry, honoring Gadsden Independent School District educators and students, recognizing Broadband Day at the Capitol, and celebrating the retirement of Representative Susan Herrera. Members from both parties praised Herrera’s long public-service career, especially her work on water, acequias, land grants, rural communities, modernization, early childhood, and predatory lending reform. Herrera thanked colleagues and said she was leaving to spend more time with family, grandchildren, and personal pursuits. The chamber also received a Senate message on House amendments to Senate Bill 3, with the Senate concurring in most items and asking the House to recede from two provisions. Committee reports were then adopted on a series of bills and resolutions, including House Bills 99, 206, 213, 250, 267, 270, 322, and 323; Senate Bills 17, 48, 55, 104, and 193; House Joint Resolution 5; and House Memorial 39. Most reports were adopted without objection, while some bills were advanced with committee substitutes or referrals to other committees. On third reading, the House passed several measures. House Bill 63, funding New Mexico Finance Authority water projects, passed 66-0; House Bill 64, appropriating about $13.25 million for PPRF-related funds, passed 67-0; House Bill 285, refining the disabled veteran property tax exemption, passed 67-0; House Bill 165, expanding C-PACE economic development uses, passed 67-0; House Bill 184, consolidating legacy fund investment accounts, passed 67-0; and House Bill 200, appropriating $10 million for the New Homes for New Mexico starter-home program, was debated at length and then passed. House Bill 291, the tax cleanup bill, drew a failed floor amendment that was tabled 41-24 before the bill passed 59-8. The debate on HB 200 focused on whether the program would help smaller builders and rural communities, while the HB 291 amendment debate centered on adding broader tax provisions and concerns about fiscal impact and policy scope.

Transcript Highlights:

• Also then, since we're talking about revenues, I want to compare the executive revenue estimates and
• Henderson described how close the OSPB revenues were, the executive revenues, with the JLBC revenues.
• JLBC underestimated the revenues by 10.6%.
• It is imposed by the Department of Revenue.
• This error rate is calculated on a monthly basis.

Bills: HB2053 , HB2116 , HB2148

Committees: House Appropriations , House House Appropriations Committee of Reference

Keywords: stormwater, recharge mapping, water resources, groundwater, appropriation, Arizona, HB2116, Colorado River, litigation fund, water rights, Arizona water law, general fund appropriation, state budget, interstate water compact, Colorado River Compact, water litigation, A.R.S. 45-119, natural resources, water policy, river management

Transcript Highlights:

• So GGRF revenues may be lower... GGRF revenues may be lower than was anticipated.
• That revenue generation is one feature of the program.
• Revenue generation is one feature of the program.
• just how much GGRF revenue there is.
• Eroding GGRF revenues when we can least afford it.

Summary: The joint hearing focused on CARB’s proposed April amendments to California’s cap-and-invest regulations, adopted under AB 1207 and SB 840. Committee members repeatedly framed the issue as a balance between climate ambition, affordability, leakage prevention, and the Legislature’s budget priorities. Several senators argued the proposal would weaken the Greenhouse Gas Reduction Fund (GGRF), reduce funding for transit, affordable housing, drinking water, wildfire prevention, and other programs, and potentially undermine the Legislature’s intent in last year’s reauthorization. Others emphasized that the program’s core purpose is to reduce greenhouse gas emissions and that any changes should preserve the cap’s integrity and the state’s climate targets. CARB Chair Lauren Sanchez said the amendments were designed to implement legislative direction while responding to public comment and economic uncertainty. She described four main changes: increasing electric bill credits, expanding the manufacturing decarbonization incentive (MDI) to $4 billion, adding about $800 million in additional compliance support for industry, and removing post-2030 allowance allocations from the current rulemaking. CARB said the proposal would still maintain declining caps aligned with 2030 and 2045 targets, provide near-term affordability relief, and support businesses and jobs while reducing emissions. In response to questions, CARB said the MDI has guardrails, is limited to emissions-reducing projects, and would require reporting and repayment if projects do not materialize. The Legislative Analyst’s Office said the amendments are significant and could affect several legislative priorities. LAO highlighted that the MDI would add allowances above the cap, creating uncertainty about environmental ambition and 2030 compliance, while also shifting more allowances to industry and fewer to the GGRF. LAO said the proposal could significantly reduce GGRF revenues and noted that, if revenues fall to CARB’s estimated level, some tiered programs could go unfunded. The Department of Finance explained that GGRF revenue estimates are updated three times a year and are difficult to predict because they depend on auction outcomes and market conditions. Senators pressed both agencies on whether the proposal would raise consumer costs, whether industry savings would be passed through, and whether the Legislature should receive updated revenue estimates before voting on the budget.