Transcript Highlights:

• money that can go towards principal and interest, do we anticipate that that's going to lead to more bonding
• , like bonding more money for roaddes or why do we think we need that extra money in that area?
• Just in anticipation of what those future bonds may be, this may not actually be spent, but as It says
• I think this is just the anticipation of current bonds or current projects that are on the board.
• But it, I mean, as future bonds may come on board, then there may be the need to increase that or increase

Bills: HCR1006, SB1226, SB1239, SB1309, SB2132, SB1189, SB1344, SB1295, SB1355, SB1998, SB1330, SB1297, SB1338, SB1546, SB1378, SB1859, SB1333, SB1341, SB1377, SB1990

Keywords: campaign finance, election spending, political spending, money in politics, constitutional amendment, Citizens United, free speech, ballot measures, elections, corruption, dark money, outside spending, foreign influence, special interests, corporations, unions, federalism, self-government, political equality, term limits

Transcript Highlights:

• Taxpayers have raised concerns that taxing units re-propose bond propositions and tax rate increases
• issue. alleviate these concerns by requiring 60% of a taxing unit's governing body to approve any GEO bond
• proposition and requiring 75% of a taxing unit's governing body to propose a GEO bond election or M&
• taxpayers from excessive taxation by installing common sense safeguards around the tax rate setting and bond
• Whenever the municipality is going to go out and issue bonds for that TIRS, historically, they've been

Bills: SB1277, SB1531, SB2452, SB2520, SB2521, SB2529, SB2538, SB2539, SB2541, SB2873

Keywords: municipal sales tax, street maintenance, local option tax, Tax Code Chapter 327, sales and use tax, street repair, sidewalk maintenance, water infrastructure, wastewater system, stormwater system, local election, ballot language, reauthorization, municipal finance, infrastructure funding, Texas municipalities, street and sidewalk tax, special district tax, public works, property tax

Transcript Highlights:

• And for a lot of these EMS agencies to just go in and buy them and, and not bond them and have lower
• um, what this bill initially does is it just, it gives the uh Medical Service Act the capability to bond
• When you say that we, they, uh, rural areas were bind the ambulances but not bonding them, I'm not sure
• Whenever we used to buy fire trucks, we could bond the money in our fire fund, and there's not that option
• And so this just brings everything in line to where you can bond that money. Thank you, Mr. Chair.

Transcript Highlights:

• Thirdly, amending chapter 206E, HRS, to authorize HCD to issue community facilities district bonds to
• Fourthly, provide legislative authorization for HCDA to issue bonds under new HRS 206- to finance infrastructure
• legislative authorization for hcda to legislative authorization for hcda to issue<00:02:53.959> bonds
• 55.040> HRS<00:02:55.640> 206-<00:02:56.640> and<00:02:56.760> the issue bonds
• under new HRS 206- and the issue bonds under new HRS 206- and the amount<00:02:57.120> of<00:

Keywords: 912, senate, all

Summary: The committee first took up HB 229 HD1, a transportation measure previously heard jointly with another committee. Members recommended passing it with amendments. The amendments would shift the left-lane restriction from a speed-based standard to apply to vehicles over 10,000 pounds and vehicles towing another vehicle or trailer on roads with three or more lanes in the same direction. The committee also indicated the Judiciary Committee would handle the penalty amounts, while preserving exemptions for passing, left turns, public transit, school buses, and emergency vehicles, and keeping the bill limited to counties with populations over 500,000. The motion was adopted without discussion. The committee then considered HB 1 HD2 relating to the HCDA and transit-oriented development financing. The proposed amendments would give HCDA authority to develop parcels outside community development districts, allow community facilities districts within TOD zones, authorize CFD bonds and HCDA bonds to finance infrastructure, especially transit infrastructure, and incorporate the structure and intent of SB 1669, along with technical changes. The committee recommended passage with amendments, and the measure was adopted. Later, the committee heard HB 1167 HD1, an emergency appropriation to the Department of Transportation. DOT testified in support and clarified that the requested appropriation was $1 million from state highway funds. The committee recommended passing the bill with amendments, including changing the defective date to July 1, 2025 and noting the $1 million request in the committee report for further consideration by Ways and Means. The motion passed, with the chair, Senator Kanuha, and Senator Dort voting in favor and the vice chair excused.

Transcript Highlights:

• So if I had 50% in S&P 500 index funds, basically, and 50% in bonds, you know, did I beat an index fund
• Um, we are no longer in the world where people have blue chip stocks and a few bonds.
• you know did basically and 50% in bonds you know did I<00:11:45.680> beat<00:11:45.920> an
• We have some really complicated bonds.
• they have, you know, US equity and bonds they have, you know, US equity and bonds and<00:18:11.600

Keywords: Meeting Start: 00:00 Attendance Roll Call: 01:02 Approval of Minutes: 02:03 Annual Investment Review: 04:10 Adjournment: 37:34, 958, all

Summary: The committee met with a quorum, approved the prior meeting minutes, welcomed new staff member Sean Parks, and announced that it would not meet in November. The next meeting was scheduled for December 8 at 10:00 a.m., with the chair noting that pension bills would be heard then and emphasizing that all pension bills must go through the full process and include actuarial analysis. Brad Gross of the Public Pension Oversight Board presented a detailed review of Kentucky retirement systems’ investments and funding. He said fiscal year 2025 ended with about $50.5 billion in pension assets and $12.52 billion in retiree health assets, both up from the prior year. He reported strong investment performance across the systems, with all Kentucky public pension funds exceeding their policy benchmarks and the median peer return of 10.4%. He also discussed long-term return trends, asset allocation differences among the systems, fee levels, and cash flow, noting that cash flow remains a key monitoring issue and that supplemental appropriations have improved the cash position of some funds, especially the Kentucky State Police and TRS systems. Gross also explained that assumed rates of return have generally fallen over time, which increases unfunded liabilities and required contributions, and said the systems’ current assumptions range from 5.25% to 7.1%. He noted that the committee’s materials included peer comparisons and historical charts, and that all asset classes were within target ranges. In response to a question from Senator Funky From, Gross was asked about pension spiking and whether supplemental general fund contributions could create a false sense of security in cash flow analysis; the question was raised but not resolved in the portion of the transcript provided.

Transcript Highlights:

• This is Tab 13, SB 1674 on unrated bonds by Senator Fein.
• additional rating requirements that conflict with state law, making it harder to invest in Israel bonds
• do not override this exception, and there is still the opportunity to continue purchasing Israeli bonds
• This amendment further clarifies that the bill's language only applies to Israel bonds.
• , Miami Gardens to not be responsible for any pipes, any bond commitments, but we'll leave it on the

Summary: The committee first took up CS/SB 1730, a Live Local Act bill on affordable housing. The sponsor described it as a set of technical and policy adjustments to strengthen implementation, including changes to zoning, height, parking, moratoriums, attorney fees, and related land-use rules. An amendment by Senator Claudio was adopted, adding provisions such as a 10-story height limit near single-family neighborhoods, exclusions for certain protected areas, and changes to fee and use definitions. The committee then reported the bill favorably. Members next considered CS/SB 1674 on unrated bonds for Israel bonds, with a clarifying amendment adopted to make clear the bill applied only to Israel bonds. CS/SB 140 on charter schools was also approved after debate over parent-led conversion of public schools, municipal job-engine charter schools, and surplus school property; opponents warned about local control and impacts on teachers and communities, while the sponsor said the bill preserved district authority and created new school-choice and economic-development options. The committee also passed SB 96, a claims bill for Jacob Rogers, and CS/SB 954 on recovery residences, after strike-all amendments that addressed zoning, ADA concerns, bed caps, staffing ratios, and limits on operation in certain multifamily settings. Senators expressed support for expanding treatment housing but also raised neighborhood and staffing concerns. The committee then approved CS/SB 1714 on local housing assistance plans, which would allow SHIP funds for limited lot-rental assistance for mobile-home owners and require local plans to address mobile-home park closures. SB 658 on standardized construction lien release forms was reported favorably despite testimony from contractors and lawyers warning about possible effects on lien rights and the separate House proposal. The committee also reconsidered and then approved CS/SB 482 after a late-filed amendment addressing local government art fees and a key issue over defining “extraordinary circumstances,” with counties and cities saying more work remained. Finally, the committee passed SB 24 and CS/SB 4, both local claims bills, CS/SB 712 on synthetic turf and related construction rules, SB 952 repealing the emergency firearms/ammunition restriction, CS/SB 1164 allowing email notice delivery in landlord-tenant matters with opt-in safeguards, and SB 202 on municipal water and sewer rates, which drew extensive opposition from North Miami Beach and Miami Gardens officials over utility surcharges and revenue impacts. The meeting ended with SB 202 still under heavy questioning and testimony about the fairness and financial consequences of the surcharge structure.

Transcript Highlights:

• look at that, we are in the process of doing that project, but we are also in the process of issuing bonds
• Our plan is to issue bonds by the first week of June.
• If we're not able to issue those bonds, this project is going to be delayed and ...this project is going
• do this was yesterday." ...And there were letters that we received that created confusion about a bond
• That's a bond schedule, and those things change on a regular basis.

Bills: SB330

Keywords: water management, regional boards, municipal governance, ethics compliance, public utility, 1136, house, all

Transcript Highlights:

• Um, in the transportation program, we utilized $1.75 million in additional TID bond funds.
• if the um... ...if the General Assembly authorizes the use of transportation infrastructure bonds in
• So the tool that is bonding, we keep as an option in the mileage-based user fee. What is in this?
• We advance um um the bonding We advance the bonding that we had proposed in the Senate.
• Senator Bond, yes.

Keywords: 927, senate, all

Transcript Highlights:

• Senate Bill 283, the President, Maryland Consolidated Capital Bond Loan of 2026, Budget and Taxation.
• <00:14:48.920> Loan<00:14:49.200> of<00:14:49.360> 2026, Consolidated Capital Bond
• Loan of 2026, Consolidated Capital Bond Loan of 2026, Budget<00:14:50.800> and<00:14:50.880><
• uh Senate Bill 283, the<00:14:55.200> annual<00:14:55.520> capital<00:14:55.839> bond
• program of the the annual capital bond program of the year,<00:14:57.760> uh<00:14:58.280>

Keywords: Senate streaming session for Wednesday, March 25, 2026, 960, senate, all

Summary: The Senate convened on March 25, 2026, with an invocation by Father Frank Crumble III, who was introduced as the guest of the Senator from the 36th District. The chamber also recognized several guests and groups, including leaders from Cherry Hill on the occasion of the community’s 80th anniversary, Doctor of the Day Maryam Diallo, the Prince George’s County Democratic Central Committee, students from Andrew Jackson Academy, and several women honored for Women’s History Month. Additional recognitions included the Greater Baltimore Committee, Boy Scouts, Tarbiyah Academy, and a Senate intern. The main floor action was a special resolution congratulating the Cherry Hill community on the 80th anniversary of Cherry Hill Homes, a purpose-built community for African Americans returning from World War II. Senators spoke about Cherry Hill’s history, resilience, and recent community investments such as new schools and a recreation center. The resolution was read in full and adopted unanimously. Senate Bill 890, concerning an insurance premium tax receipts exemption for captive insurance procured by nonprofit hospitals and health care systems, was special ordered for another day at the sponsor’s request. The Senate also took up Senate Bill 283, the Maryland Consolidated Capital Bond Loan of 2026. After brief remarks praising the committee’s work and the statewide investment program, the bill passed third reading by unanimous vote. Committee and delegation announcements followed, including Finance, Triple E, and Judicial Proceedings holding House bill hearings at 1:00 p.m., and the Prince George’s County delegation meeting later that day. The Senate then remained in session long enough to confirm a quorum and adjourned until March 26, 2026, at 10:00 a.m.

Transcript Highlights:

• Senate Bill 3229, bonds authorize revenue bonds to be issued to pay for damage to electric utilities
• >> Senate<00:15:53.920> bill<00:15:54.159> 3229,<00:15:55.120> bonds<00:15
• :55.440> authorize >> Senate bill 3229, bonds authorize >> Senate bill 3229, bonds
• authorize revenue<00:15:56.239> bonds<00:15:56.560> to<00:15:56.719> be<00:15:56.880
• > issued<00:15:57.199> to<00:15:57.360> pay<00:15:57.520> for revenue bonds

Keywords: MS Senate Floor - 19 March, 2026; 10:00 AM, 925, all

Summary: The Senate considered a series of local and private bills, mostly extending repealer dates or authorizing small local taxes and contributions. These included measures for the City of Laurel, City of Clinton, City of Moss Point, and City of Hattiesburg to continue hotel/motel or restaurant taxes for tourism, parks, and recreation; a Marshall County bill allowing a $7,500 annual contribution to the Bahyia Area Arts Council; a Jackson County bill extending a $5,000 contribution to Friends of Arts, Culture, and Education; a City of Philadelphia bill authorizing a one-time $10,000 contribution to Philadelphia Transit; and a Dotto County bill allowing golf carts and low-speed vehicles on certain public roads. The chamber also approved a Jackson County bill revising the powers and duties of the county fair board. Most of these local bills were passed by voice vote and then by the morning roll call, with no questions raised. The Senate also took up several conference-related matters and House amendments. On Senate Bill 2676, the Proxy Advance of Transparency Act, the Senate voted not to concur and to invite conference. On Senate Bill 2882, dealing with homestead exemption eligibility, members discussed a House amendment clarifying that property owners who deed property but reserve a life estate do not have to reapply for homestead exemption; the Senate concurred and sent the bill to the governor. Additional items later in the calendar included nonconcurrence and conference invitations on bills involving a rural hospital pilot program, dependent care tax credits, health reimbursement arrangement tax credits, state park land lease tax treatment, rural hospital contributions, electronic payment processing fees, storm-related utility revenue bonds, agriculture and logging sales tax exemptions, and revisions to the Pregnancy Resource Act. Near the end of the calendar, senators chose to pass and retain several remaining items rather than take final action, and leadership noted the need to move bills off the calendar in the next session. The Senate then moved to announcements, including committee meetings and a bipartisan social event, and several members requested that the journal reflect adjournment in memory of named individuals. The chamber ultimately agreed to recess until later that day or until the last committee report was filed, with the journal to reflect adjournment until the next morning.

Transcript Highlights:

• AB 48, Alvarez, state health and safety bond: do pass out on a B roll call.
• AB 357, Alvarez, state health and safety bond: do pass out on a B roll call.
• AB 905, Pacheco, bond requirements: holding committee.
• AB 782, Quirk-Silva, double bonding: do pass out on an A roll call.
• AB 736, Wicks, Affordable Housing Bond Act: do pass.

Summary: The Assembly Appropriations Committee held its May 23, 2025 suspense hearing and opened by emphasizing the difficult budget environment, rising costs for constituents, and the need to make tough choices. The chair said many bills would be held, amended to reduce costs, or made two-year bills because the state could not afford broad program expansions this year. The committee also noted the agenda was organized alphabetically by author and that results would be posted later that day. The committee then acted on a large suspense file, taking up hundreds of Assembly bills across topics including housing, health care, education, labor, public safety, climate, water, transportation, elections, and technology. Many bills were held in committee, while many others were approved with cost-saving, clarifying, or author’s amendments. Examples included measures on CalABLE, Covered California enrollment, wildfire and insurance issues, reproductive health, school and college programs, prison and juvenile justice matters, AI and data privacy, and local government and utility regulation. Several bills were converted to two-year bills to continue discussion. Throughout the hearing, the committee repeatedly voted on bills by A roll call or B roll call, often with Republicans not voting on amended measures. Some bills were advanced with notable amendments, such as narrowing scope, removing appropriations, delaying implementation, or striking costly provisions. The committee also approved a number of committee bills and omnibus measures, including emergency management, judiciary, insurance, and water-related bills. At the end of the hearing, the chair stated that the committee had moved 435 bills to the Assembly floor, either as do pass or do pass as amended, and adjourned the meeting.

Transcript Highlights:

• to the creation of a Port of the Rio Grande Port Authority District, providing authority to issue bonds
• The application includes proof of insurance, bonding, and registration for business entities.
• If you are licensed to go out and broker trucking loads, as an example, you have to post a $10,000 bond
• And that bond is... ...used for that. So I would envision a relatively small bond.
• I'm for, as I guess I've already stated, I'm for the idea of having them licensed or registered, bonded

Bills: HB2963, HB3005, HB3287, HB3288, HB3289, HB3290, HB3344, HB3712, HB3862, HB3874, HB4196, HB4308, HB4901, HB4984

Keywords: digital equipment, repair rights, manufacturers, maintenance, consumer rights, construction contracts, payment regulations, public works, dispute resolution, audit procedures, construction, trust funds, mechanic's lien, contractor, subcontractor, residential properties, disputes, payment obligations, accountability, payment disputes

Summary: The committee heard testimony on HB 3862, which would restrict social media app use for minors and limit smartphone/social media access in classrooms. Supporters, including representatives from Champions for Childhood, argued that smartphones and social media are linked to addiction, distraction, cyberbullying, and worsening youth mental health, and said the bill would help parents and schools protect children. After testimony, the committee left HB 3862 pending. Members then heard HB 3712, a construction retainage bill that would stop owners from withholding reserved funds on specially fabricated materials once they are delivered, approved, and warranted, while still allowing retainage for labor and installation. Witnesses from the precast concrete industry said current retainage practices delay payment for years and create financial risk for subcontractors and suppliers. The bill was left pending after closing. The committee also heard HB 2963, a right-to-repair bill requiring manufacturers to provide parts, tools, and information for owners and independent repair providers, with carve-outs for medical devices, vehicles covered by existing repair agreements, trade secrets, and security protections. Support came from consumer, environmental, repair, and policy groups, while one witness from Safelite was neutral and urged removal of the MOU reference for auto manufacturers. HB 2963 was left pending. The committee also heard HB 4308, which would create county industrial development districts to attract industrial employers and finance infrastructure through local elections and a board structure. Supporters, including the Fort Bend County commissioner, said the bill would help counties diversify tax bases and create jobs; the bill was left pending. Later, the committee took up several pending bills and voted to report HB 74, HB 112, HB 2214, HB 3016, HB 3133, HB 3173, HB 3807, HB 4063, HB 4115, HB 5008, and HB 2652 favorably to the full House, with some sent to the Local and Consent Calendars. The committee also heard HB 3874 on construction contract transparency and HB 4196 on creating a task force to modernize manufacturing, both of which were left pending. Finally, the committee heard HB 3344, which would create a licensing and regulatory framework for re-roofing contractors; supporters said it would curb storm-chasing and protect homeowners, while one roofing contractor opposed it as too restrictive and argued existing fraud laws are sufficient. HB 3344 was also left pending.

Transcript Highlights:

• Taxes pledged for revenue bonds do not have to be reapproved until the bond ends, unless the bonds are
• If the tax will be levied in order to pay revenue bonds, then the maximum duration of that tax, if approved
• In this case, the ballot must inform voters of the intent to bond the revenues and explain what the bond
• The bill is retroactive relating to the bonds, but it would, well, I shouldn't say, but it would, well
• Relating to the bonds, but it would, well, I shouldn't say retroactive.

Summary: The Finance and Tax Committee met and first heard SB 674, which would allow county property appraisers, like tax collectors already can, to budget for and pay hiring or retention bonuses if approved in their Department of Revenue budget. Support came from property appraiser representatives, who said the bill would help them compete for specialized staff without requiring new funding. The bill was reported favorably. The committee then considered SJR 318, a proposed constitutional amendment on tangible personal property used on agricultural land, along with an amendment clarifying the exemption’s scope and allowing the Legislature to set conditions by general law. Farm Bureau and the Florida Chamber supported the measure, and the committee adopted the amendment and reported the joint resolution favorably. Members also took up CS for SB 1664, which would require voter reapproval of local discretionary taxes when they expire; an amendment changed the bill to require expiration dates and tied reapproval to tax expiration rather than a fixed eight-year cycle. Local government and tourism groups raised concerns about impacts on tourist development taxes, transportation surtaxes, beaches funding, and long-term financing, while supporters argued voters should periodically affirm local taxes. The committee adopted the amendment and reported the bill favorably. Next, the committee considered SJR 1510 and its implementing bill SB 1512, both dealing with a homestead-style property tax benefit for certain long-term leased residential properties. After multiple amendments narrowed the proposal substantially, limiting it to one qualifying property and then to single-family homes, mobile homes, and condominium units, counties and cities still opposed the measures as a tax shift to other taxpayers. The sponsor said the changes reduced the scope and fiscal impact, and both measures were reported favorably. Finally, the committee heard SPB 7034, the Senate tax package, which includes permanent sales tax exemptions, multiple tax holidays, motor vehicle fee reductions, a property tax study, rural investment tax credits, a freeze on local communications services tax rates, and other tax changes, with an estimated $2.1 billion revenue reduction. Testimony was mixed: property appraisers supported the property tax study, while many public commenters opposed the firearm and ammunition tax holiday and urged inclusion of gun safes and locks instead. County, city, tourism, and lodging representatives raised concerns about tourist development tax limits and other local revenue impacts, while supporters emphasized tax relief and the study’s value. After debate, the committee adopted a motion to submit SPB 7034 as a committee bill and reported it favorably.

Transcript Highlights:

• So it's not like if she could get arrested, she's required to be on bond.
• They would have to be on bond until the...
• They would have to be on bond until the sentencing aspect of it.
• The bond people can come off of your bond if you want to.
• The judge can revoke your bond at that point. Um, that's really the discretion for the judge.

Bills: SB210, SB292, HB360, HB233, HB66, HB356, HB164, HB238, HB209, SB223, HB307, SB210, SB292, HB360, HB233, HB66, HB356, HB164, HB238, HB209, SB223, HB307

Keywords: hospital liens, medical billing, government healthcare, insurance claims, patient rights, education oversight, subpoena authority, investigation, State Superintendent, school misconduct, drug courts, accountability, veterans, mental health, substance abuse, rehabilitation, criminal justice, court intervention, elder abuse, financial exploitation

Transcript Highlights:

• And this bonding package, we've seen other bonding—or not bonding, I'm sorry— we've seen other trust
• We just did a great job of passing a bonding bill, $1.5 billion.
• We just did a great job of passing a bonding bill, $1.5 billion.
• We just did a great job of passing a bonding bill, $1.5 billion.
• But it is identified as a priority for the bonding program.

Keywords: 996, all

Summary: The committee first took up HB 322, which would create a transportation trust fund and transportation program fund. The sponsor offered and the committee adopted an amendment striking the section that would have imposed a 1% gross receipts tax on electricity sales. After a recap of the bill’s remaining provisions, including a $400 million seed amount and future transfers from motor vehicle excise tax revenue, the committee heard brief support from Associated Contractors of New Mexico and the Asphalt Pavement Association and no opposition. The amended bill then passed on a roll-call vote. The committee then heard HB 270, a public works/apprenticeship bill that would require contributions to approved apprenticeship and training programs or to the Public Works Apprentice and Training Fund for public works construction projects, while eliminating an exemption for certain road, highway, utility, and maintenance work. Supporters, including union carpenters, electrical workers, the building trades council, and apprenticeship advocates, argued the bill would expand training, help address labor shortages, and provide a return on public investment. Opponents from utility contractors, highway contractors, and Associated Contractors of New Mexico said they already operate federally approved in-house training programs, warned the bill would raise project costs, and argued some trades have no accessible approved programs. Members questioned how the bill would interact with existing in-house programs, whether rural contractors and nonunion firms would be affected, and whether the state-approved fund and federal highway training requirements could conflict. A proposed amendment to exempt projects of $50 million or less was introduced but tabled. After extensive debate, the committee voted 6-5 to pass HB 270. The meeting also included discussion of a prior procedural error in which HB 270 had been heard before being properly assigned, which the chair said rendered that earlier action void. At the end of the meeting, the committee received a brief New Mexico Department of Transportation District 3 presentation on district projects, budget, and construction status.

Transcript Highlights:

• And the bond bill was such a step in the right direction because beforehand we were receiving about 10
• We also manage a fourth bond program, the Home Modification Loan Program, in collaboration with Mass
• Rather, we raise all of our money by selling tax-exempt and taxable bonds in the public marketplace.
• We first started down payment assistance in 2018, financing the first number of bond programs.
• One vehicle to begin addressing this could be the coming environmental bond bill.

Keywords: 995, all

Summary: The Joint Committee on Housing opened its second hearing of the session with remarks from Chairs Haggerty and Cyr emphasizing that the hearing was a broad look at Massachusetts’ housing crisis rather than a single bill. They highlighted topics including zoning, permitting, rental assistance, public housing, homelessness prevention, and housing production. The first witness, Housing and Livable Communities Secretary Augustus, reviewed implementation of the Affordable Homes Act and the state’s new housing plan, citing a 1.6% vacancy rate, a projected need for 222,000 new homes over 10 years, and ongoing efforts such as ADUs by right, fair housing enforcement, eviction record sealing, seasonal communities planning, and new funding for affordable housing, public housing, and the Momentum Fund. He also discussed infrastructure support for municipalities, technical assistance for ADUs, and concerns about possible federal funding cuts. Committee members questioned the secretary about ADU financing and technical assistance, the likely unit yield from the Affordable Homes Act, infrastructure barriers in suburban and rural communities, public housing waitlist management, supportive housing, and federal budget risks. MassNAHRO then testified that public housing authorities are facing rising operating and capital costs, a statewide waitlist nearing 300,000, and uncertainty over federal Section 8 and HUD funding. Witnesses described recent state support for operating subsidies, capital improvements, vacancy turnover teams, and resident service coordinators, while warning that proposed federal cuts could sharply affect voucher issuance and agency operations. CDAC’s executive director Roger Herzog described the agency’s role as a quasi-public source of early-stage financing and technical assistance for nonprofit housing developers, noting its loan capital, supportive housing bond programs, home modification loans, and preservation work under Chapter 40T. He said CDAC has helped produce or preserve more than 55,000 units and stressed the importance of patient capital and preservation tools. CHAPA CEO Rachel Heller urged the committee to focus on production, preservation, planning, and political will, supporting goals for affordability, supportive housing, and homeownership, and endorsing policy changes such as YIGBY, clearer site plan review rules, stronger fair housing funding, and more support for vouchers and public housing. MassHousing then outlined its financing role, including mortgage lending, down payment assistance, the Community Climate Bank, and the Momentum Fund, while noting that permitting delays, capital gaps, and possible federal changes could affect production. Members also asked about transparency, prevailing wage compliance, and a recent internal restructuring related to diversity and business engagement.

Transcript Highlights:

• But the general obligation bond funds will still be available.
• It's just the financing, or the color of money, would be general obligation bond funds. Okay.
• funds, bond fund proceeds, we need that budget bill language in order to claim the funds.
• funds, bond fund proceeds.
• However, for the UC Santa Barbara project, no bonds have been issued.

Summary: The committee heard the May Revision presentation for the Assembly Budget Subcommittee on Education Finance, with public comment focused heavily on K-12 priorities such as universal school meals, kitchen infrastructure, food service and custodial support, youth leadership grants, Special Olympics funding, English learner support, universal pre-K, literacy investments, and concerns about community college funding shifts. Speakers also urged support for expanded learning, teacher recruitment and training, and maintaining or increasing funding for community colleges and student support programs. Finance and the LAO then reviewed the Proposition 98 outlook. Finance said the May Revision lowers the 2025-26 Prop. 98 guarantee to $114.6 billion, about $4.3 billion below January, due mainly to lower revenue estimates, with smaller effects from attendance and property tax changes. The administration also described rebenching for universal transitional kindergarten and a one-time rebench tied to Los Angeles fire-related property tax losses, along with changes to the Public School System Stabilization Account, deferrals, and updated COLA assumptions. The LAO said the budget relies too much on deferrals and one-time funds, creates a structural shortfall, and should instead align ongoing spending with the guarantee and preserve a reserve buffer. Members questioned the TK rebench and the shift of funding from community colleges to K-12, asking why it was being applied retroactively and how colleges would be held harmless. Finance said the changes align funding with where TK costs are being incurred and that reappropriation funding and other adjustments would offset impacts on community colleges. The LAO argued the historical split formula is outdated and should be abandoned in favor of budgeting around current priorities rather than fixed percentages. Members also raised concerns about draining the rainy day reserve and using deferrals, while the LAO said preserving reserves would better protect against future volatility. The committee then moved to specific K-12 and education proposals. Finance outlined May Revision changes including state operations adjustments for the Department of Education, technical trailer bill changes, a $100 million student teacher stipend program administered by Kern County, and updates to the charter school facility grant program. The LAO recommended rejecting the proposed increases for expanded learning, literacy coaches, and the student teacher stipend as currently structured, while supporting the minimum grant increase for expanded learning. Members expressed support for teacher recruitment efforts but questioned whether one-time funding can sustain ongoing programs and whether the student teacher stipend should be targeted to shortage areas or low-income communities.

Transcript Highlights:

• State bond funding has become less predictable and more inconsistent than ever.
• Historically, higher education was the largest recipient of state bond funding.
• And to be clear, this chart focuses on all capital funding that has been provided by state bonds.
• So, back to bonding.
• I think we have available for you our 2024 bonding book.

Bills: HF3220

Keywords: school safety, school security, emergency access, law enforcement access, master key box, secure key box, entry device, school grants, education finance, Department of Education, charter schools, school districts, cooperative units, appropriation cancellation, one-time appropriation, school safety plan, emergency preparedness, public safety, school building security, 1183

Transcript Highlights:

• A surety bond? >> Uh, Mr.
• A<00:30:32.800> surety<00:30:33.160> bond? A surety bond? A surety bond?
• <00:30:52.320> in a provider could post a surety bond in a provider could post a surety bond
• posting of a surety bond posting of a surety bond uh uh uh not<00:32:37.000> to<00:32:37.520
• uh and there's also the surety bond uh and there's also the surety bond process<00:50:56.640>

Keywords: 1187, senate, all

Transcript Highlights:

• Governor's message, TRN 595, sequence 2183: $1,941,713 in FY 26 for bond payment rebate payment from
• Highway revenue bonds.
• 713 and FY 26 for Bond payment uh p<01:34:23.719> F<01:34:24.440> rebate<01:34:24.960>
• <01:34:28.840> house bonds for Highway revenue bonds house bonds for Highway revenue bonds
• sorry and about $6 billion when bonds sorry and about $6 billion when you<01:39:02.880> consider<

Keywords: 910, house, all