Transcript Highlights:

• 56.4% funded in 2016 to 58.6% funded in 2024.
• pensions.
• </c><00:04:45.039><c> in</c> 56.4% funded in 56.4% funded in 2016<00:04:46.880><c> to</c> 2016 to 2016
• to 58.6%<00:04:49.440><c> funded</c><00:04:49.960><c> in</c> 58.6% funded in 58.6% funded in 2024<00
• c> recent</c><00:05:59.160><c> in</c> fully fund pensions in recent recent in fully fund pensions in

Summary: The Senate State and Local Government Committee met and first took up Senate Bill 193, described as a simple measure to restore a wallet card for jailers to carry when outside the jail. The chair noted the fiscal impact was essentially zero, there were no questions, and the committee voted to pass the bill 9-0. The committee then heard Senate Bill 9, a proposal focused on the Teachers’ Retirement System (TRS). The sponsor argued TRS remains underfunded despite large state contributions, cited rising unfunded liability and negative cash flow, and said the bill is intended to standardize and limit what sick leave, personal leave, and annual leave can count toward retirement calculations. The bill would generally cap TRS retirement credit at 10 sick days and 2 personal days per year, prevent annual leave from being rolled into sick leave, require more uniform reporting and oversight from participating districts and agencies, and shift costs to districts that offer benefits beyond TRS limits. The sponsor also said the bill would add 30 maternity leave days, allow voluntary supplemental contributions for Tier Four teachers, and include a floor amendment directing the state auditor to audit TRS and report on agency leave policies. During the presentation, the sponsor emphasized fairness, transparency, and accountability, and used a hypothetical high-salary administrator to illustrate how leave payouts can increase retirement benefits and create additional unfunded liability. Senator Mills thanked the sponsor and said members had been working to understand the issue, but no committee action on Senate Bill 9 was completed in the portion provided.

Transcript Highlights:

• Is that just gives some context of the size relative to other pension funds? Is it performance?
• </c><00:15:00.720><c> Is</c> relative to to other pension funds?
• Is relative to to other pension funds?
• ratio</c> funded projection uh funded ratio funded projection uh funded ratio projection,<00:55:04.640
• We placed money aside to fund PERS before we funded anything else.

Committee: Joint Finance

Bills: SB1423 , SB1426 , SB1502 , SB1377 , SB1983 , SB1466 , SB1645 , SB1647 , SB1847 , SB1565 , SB1562 , SB1329 , SB1383 , SB1833 , SB1555 , SB1344 , SB1839 , SB1280 , SB1832 , SB2001 , SB1405 , SB2143 , SB1989 , SB1393 , SB1392 , SB1395 , SB1400 , SB1220 , SB1516 , SB1239 , SB1531 , SB1349 , SB1221 , SB1538 , SB1309 , SB1434 , SB2108 , SB2121 , SB2171 , SB2061 , SB2112 , SB2138

Keywords: Oklahoma Hospital Advisory Council, hospital licensure, public health, State Department of Health, State Board of Health, hospital regulations, healthcare regulation, hospital standards, hospital construction, hospital operations, stroke care, stroke system, emergency medical services, EMS transport, psychiatric treatment, chemical dependency treatment, substance use disorder, drug storage, pharmacy, quality indicators

Transcript Highlights:

• House Bill 34 by Representative Wiley, Sheriff's Pension and Relief Fund, provides for eligibility for
• House Bill 35 by Representative Wiley provides for the Sheriff's Pension and Relief Fund funding deposit
• House Bill 35 by Representative Wiley provides for the Sheriff's Pension and Relief Fund funding deposit
• House Bill 35 provides relative to employer contributions for the Sheriff's Pension and Relief Fund.
• This is not a state insurance pension fund. Okay. We have IT on the way to take care of it.

Bills: HR70 , HR71 , HCR35 , HB31 , HB326 , HB1013 , HB1014 , HB1015 , HB1016 , HR65 , HR66 , HR67 , HR68 , HR69 , HCR33 , HCR34 , HB1006 , HB1007 , HB1008 , HB1010 , HB1011 , SB2 , SB13 , SB24 , SB28 , SB40 , SB47 , SB48 , SB70 , SB79 , SB80 , SB109 , SB127 , SB139 , SB154 , SB181 , SB199 , SB200 , SB208 , SB277 , SB317 , SB336 , SB349 , SB357 , HR15 , HR20 , HCR14 , HB51 , HB58 , HB69 , HB82 , HB93 , HB143 , HB166 , HB199 , HB201 , HB202 , HB218 , HB222 , HB223 , HB224 , HB231 , HB235 , HB246 , HB338 , HB349 , HB352 , HB379 , HB405 , HB429 , HB535 , HB547 , HB577 , HB588 , HB626 , HB636 , HB652 , HB653 , HB669 , HB688 , HB691 , HB721 , HB738 , HB749 , HB806 , HB843 , HB851 , HB857 , HB861 , HB889 , HB904 , HB907 , HB908 , HB929 , HB955 , HB1009 , HB952 , HB8 , HB9 , HB10 , HB15 , HB16 , HB17 , HB18 , HB19 , HB22 , HB33 , HB34 , HB35 , HB44 , HB46 , HB47 , HB48 , HB61 , HB101 , HB126 , HB135 , HB142 , HB164 , HB185 , HB215 , HB226 , HB232 , HB233 , HB242 , HB284 , HB292 , HB297 , HB301 , HB334 , HB436 , HB468 , HB548 , HB571 , HB582 , HB593 , HB594 , HB609 , HB613 , HB712 , HB722 , HB732 , HB746 , HB827 , HB845 , HB848 , HB921 , HB923 , HB951 , HB953 , HB999 , HB53 , HB57 , HB64 , HB102 , HB106 , HB111 , HB137 , HB152 , HB155 , HB177 , HB238 , HB256 , HB258 , HB337 , HB359 , HB363 , HB386 , HB434 , HB546 , HB557 , HB584 , HB661 , HB697 , HB726 , HB727 , HB747 , HB756 , HB758 , HB759 , HB765 , HB767 , HB825 , HB858 , HB930 , HB941 , HB957 , HB964 , HB868 , HB119 , HB140 , HB739 , HB842 , HB875 , HB919 , HB52 , HB228 , HB289 , HB735 , HB796 , HB901 , HB193 , HB400 , HB570 , HB733

Summary: The House convened with a quorum, heard a prayer and pledge, adopted the journal, and received Senate messages, committee reports, and a large number of bill introductions and committee referrals. Several resolutions were adopted without objection, including condolences, commendations, and designations such as Jeanerette as the French bread capital of Louisiana and recognition of Women’s History Month. The chamber also received numerous House and Senate bills for referral, many involving retirement systems, education, transportation, criminal justice, natural resources, and local government matters. The floor then moved through a long series of House bills, with many local and retirement measures passing unanimously or near-unanimously. Among the bills discussed were changes to retirement systems for district attorneys, clerks of court, sheriffs and deputies, assessors, and municipal police employees; local court jurisdiction and commissioner authority; bankruptcy and succession thresholds; civil procedure revisions; and measures on election administration, public records, seafood labeling and safety, state symbols, and OMV fees. Members asked questions on several bills, especially about fiscal impact, retirement governance, and procedural changes, but most bills advanced with little opposition. A few bills were returned to the calendar, including HB 9, HB 61, HB 126, HB 185, HB 233, HB 284, HB 301, HB 436, HB 468, HB 582, HB 613, and HB 722. The House also considered bills affecting education, labor, health, and public safety, including employment certificates for minors, student questionnaires and hazing procedures, a state seal of fine arts diploma, Louisiana Works reauthorization, naloxone immunity, veterans’ medical-record fee waivers, and a bill creating a privacy protection act for sex offense victims. Several measures drew brief debate over fairness, administrative burden, or humanitarian concerns, such as a bill requiring a Rule 10.1 conference before requests for admissions are deemed admitted, and a bill allowing OMV fee waivers in emergency or humanitarian situations. Most of the bills taken up on the floor passed, often by wide margins, with a few receiving a small number of dissenting votes.

Transcript Highlights:

• Public pension funds invest the retirement savings of workers, and those funds should be subject to clear
• California's public pension funds hold the retirement security of millions of workers who spent their
• The increasing turn to private equity investments by public pension funds is very understandable.
• The public markets have historically been the way that public pension funds invested.
• The Treasurer sits on both CalPERS and CalSTRS, as a unique view of our public pension funds.

Summary: The committee heard several bills and took action on a number of them. SB 1234 by Senator Alvarado-Gil would require fentanyl to be included in drug tests ordered by juvenile courts for parents or guardians in dependency cases; there was no opposition, a committee member confirmed it would apply to caregivers rather than children, and the bill was supported for moving forward. SB 1257 by Senator Arreguín would require the Attorney General to publish an annual public report on immigration enforcement incidents at designated safe locations such as schools, hospitals, courthouses, and places of worship; supporters from immigrant advocacy and health groups testified about fear and chilling effects in communities, while questions focused on how data would be collected and concerns were raised about sanctuary policies. SB 1176 by Senator Choi would bar foreign adversary entities from buying California agricultural land; supporters cited national security concerns, but committee members pressed on enforcement, straw buyers, and who would be responsible for identifying prohibited purchasers, and the bill was held on a 2-4 vote after debate. The committee also heard SB 1146 by Senator Gonzalez, which would require clear disclosure when AI-generated or altered images, audio, or video are used in health-related advertisements depicting health care providers. The California Medical Association and California Dental Association supported the bill, describing deepfake health ads as deceptive and harmful; it passed the committee 7-0 to Appropriations. SB 988 by Senator Grayson would regulate auto glass insurance practices by restricting assignment of benefits, requiring claim numbers and itemized estimates, and addressing steering and billing practices; supporters said it would curb fraud and stabilize premiums, while independent glass businesses worried about steering and market concentration. After discussion of consumer choice and small-business impacts, the bill passed 7-0 to Appropriations. SB 1288, presented by Senator Grayson on behalf of Senator Laird, would require financial institutions to make a good-faith effort to notify beneficiaries of non-probate assets and would reduce barriers to claiming those assets, especially for nonprofits. Nonprofit witnesses described long delays and burdensome account-opening requirements, while SIFMA and bankers opposed the bill unless amended, citing conflicts with federal and industry obligations and concerns about retroactivity and verification. The bill passed 8-0 to call. The committee also heard SB 941 by Senator Padilla, which would cap commissary markups in private immigration detention facilities at 35% above vendor cost; the Attorney General’s office and immigrant advocates supported it as a response to exploitative pricing and poor conditions, and it passed 8-0 to call. Finally, SB 909 by Senator Smallwood-Cuevas would raise and index public works contractor fees and penalties and dedicate more penalty revenue to enforcement; labor supporters said stronger funding is needed to address wage theft and backlogs, while contractors opposed the fee and penalty structure as uncapped and costly. The bill was moved forward on a vote and remained on call after committee discussion.

Transcript Highlights:

• </c><00:13:27.519><c> yeah</c> apply to your pension yeah apply to your pension yeah no<00:13:31.320>
• two years ago, completely funded.
• </c><00:34:22.480><c> two</c><00:34:22.720><c> years</c> funded that change was funded two years funded
• The Senate decided to turn it into a $50 million appropriations bill to fund pension debt, which failed
• funds.

Summary: The committee reviewed selected House Bill 2 provisions, focusing first on the group two pension reform language and whether it matched prior legislation and the fiscal note. Members discussed two main issues: the treatment of extra and special duty pay in the pension calculation for employees hired before 2011, and the annuity multiplier after 15 years of creditable service. Several members said the HB 2 language was intended to restore prior law and protect against pension “spiking,” while others worried the draft and fiscal note may not have fully reflected current law, potentially affecting the cost estimate. The discussion repeatedly emphasized the need to avoid underfunding or double counting and to make sure Finance had the correct actuarial assumptions. No vote was taken; the committee agreed to flag the issues for Finance and to clarify the fiscal note. Members also discussed the vested-rights language, which was described as an explicit definition of vesting and a restriction on future legislative changes to compensation calculations after three years of service. Some viewed it as a policy protection with no immediate fiscal impact, while others noted it had been included in prior legislation and should be clearly understood before the bill moved forward. The committee also briefly referenced prior pension legislation, including House Bill 436 and House Bill 727, and noted that HB 2 was being used to carry forward related pension repair provisions. The committee then turned to an OPLC-related section transferring building, plumbing, electrical, and fuel gas inspector positions from OPLC to the Department of Safety’s Fire Marshal’s office. Testimony explained that the nine inspector positions are funded from the licensing fund, and that the move was justified as a public-safety function better aligned with the Fire Marshal’s mission because the inspections are statewide code-enforcement work rather than facility-specific licensing work. The discussion ended with a note that the remaining HB 2 changes run through 2034 and a brief announcement about memorial arrangements for C.J. Gerard.

Transcript Highlights:

• And certain other state funds are for the Committee on Delivery of Government Efficiency.
• SB 494 by Sparks relates to the establishment of the fund for petroleum products.
• SB 494 by Sparks relates to the establishment of the fund for petroleum products.
• Of the Committee on Pension Investments and Financial Services.
• This bill is referred to the Committee on Pensions, Investments, and Financial Services.

Bills: HJR99 , HB1399 , HB1400 , HB 1094 , HB365 , HB 1109 , HB647 , HCR35 , SB14 , HB 12 , HB1522 , HB422 , HB675 , HB204 , HB748 , HB912 , HJR99 , HB1399 , HB1400 , HB 1094 , HB365 , HB 1109 , HB647 , HCR35 , HCR123 , HCR124 , HR57 , HR87 , HR111 , HR228 , HR230 , HR322 , HR624 , HR625 , HR626 , HR627 , HR628 , HR630 , HR631 , HR634 , HR635 , HR636 , HR637 , HR638 , HR639 , HR640 , HR645 , HR646 , HR648 , HR649 , HR651 , HR652 , HR653 , HR654 , HR664 , HR665 , HR668 , HR675 , HR676 , HR678 , HR679 , HR680 , HR683 , HR686 , HR688 , HR689 , HR694 , HR695 , HR697 , HR698 , HR699 , HR472 , HR622 , HR632 , HR633 , HR643 , HR655 , HR657 , HR660 , HR661 , HR662 , HR663 , HR667 , HR670 , HR674 , HR681 , HR682 , HR696

Keywords: animal feed, tax exemption, ad valorem taxation, retail, constitutional amendment, retail sale, tangible personal property, Texas tax code, groundwater, water conservation, financial assistance, Texas Water Development Board, innovation fund, local conservation districts, transportation protection agreement, funeral services, insurance exemption, regulation, deceased transportation, HB 365

Transcript Highlights:

• I am the executive director of the Office of Benefits at the Kentucky Public Pensions Authority.
• My part of House Bill 30 deals with pension spiking.
• that says raises given by the General Assembly are not considered part of pension spiking.
• And then we said you couldn’t put it towards your pension. It is not proper.
• House Bill 45 very simply bans foreign funding in Kentucky elections and ballot measures.

Summary: The Senate State and Local Government Committee met and first took up House Bill 30, which addresses pension spiking and retired state troopers returning to work. The sponsor and Kentucky Public Pensions Authority staff said the bill would codify court language clarifying that across-the-board raises from the General Assembly do not count as pension spiking, and the committee substitute would also give retired troopers rehired on a year-to-year basis the same vacation, sick leave, and bereavement benefits as new troopers. The committee adopted the substitute and a title amendment, and HB 30 passed 9-0. The committee then considered House Bill 27, which removes an arbitrary 2023 date from the Planned Communities Act that had created confusion over political signage rules in HOA and planned community phases. The sponsor said the change would preserve HOA authority to regulate sign size, duration, and placement while eliminating inconsistent treatment of neighboring properties. The bill passed 10-0. House Bill 45 followed, proposing to ban foreign funding in Kentucky elections and ballot measures and to require disclosure for express advocacy ads related to ballot measures. Supporters said the bill would put ballot measures on the same footing as candidate and PAC restrictions and prevent foreign nationals from influencing Kentucky elections; one senator raised concerns that the language could unintentionally chill participation by noncitizens, especially in one-on-one discussions, and the sponsor said he would work on that issue. The committee adopted the bill as amended, and it passed 8-1. The final major item was House Bill 211, which would create a narrow exemption allowing cigar bars under defined conditions, including a revenue threshold, age restrictions, ventilation requirements, and local permitting options. The sponsor said the bill would not roll back general smoke-free laws but would allow tightly regulated cigar bars and grandfather existing ones from some requirements. Public health witnesses, including a nurse, a physician, and a thoracic surgeon, opposed the bill, warning it would weaken strong smoke-free protections, harm workers and patrons, and reverse progress against tobacco-related disease. The transcript provided did not include a final vote on HB 211.

Transcript Highlights:

• Refer the Committee on Pensions, Investments and Financial Services.
• On higher education, HB 1868 by Leo Wilson relating to the performance tier funding under the Public
• Refer to the Committee on Pensions, Investments and Financial Services.
• By its whole project entity for the subcommittee on Transportation funding.
• By Vaughn and willing to the creation of the Texas Future Fund, the Texas Future Fund Investment Review

Transcript Highlights:

• Speaker, Funding for the Department of Transportation. And so with that, Mr.
• Speaker, gentlemen, is there an apprenticeship trust fund? Mr.
• Speaker, kind gentleman, can you tell me how much is in that trust fund?
• There's working numbers that apply immediately, and then there's the fund itself.
• I want to go back to your question related to the fund.

Bills: HB145 , HB164 , HR1 , HB20 , HB65 , HB66 , HB80 , HB306 , SB29 , SB37 , HB99 , HB206 , HB213 , HB270 , SB104 , SB193 , HB38 , HB254 , HB256 , SB58 , SB64 , HJM1 , HM7 , HM17 , HM4 , HM22 , HM23 , HM24 , HM26 , HM2 , HM16 , HM32 , HM13 , HM47 , HM20 , HM51 , HM1 , HM31 , HM35 , HM36 , HM46 , HM53 , HM54 , HM39 , HM29 , HM43 , HM59 , HM11 , HM14 , HM21 , HM34 , HM50 , HB253

Keywords: high-wage jobs, tax credit, job creation, New Mexico, economic development, lobbying, transparency, public records, government oversight, accountability, House Resolution 1, HR1, House investigatory subcommittee, special committee, legislative investigation, subpoena power, public corruption, criminal activity, Zorro ranch, Santa Fe County

Transcript Highlights:

• H.J.R. number 5 by Lambert, proposing a constitutional amendment providing for the creation of funds
• and related disorders in this state, and transferring to that fund $3 billion from the state general
• Speaker, members, this ACR just sets up the Texas Nuclear Fund.
• To the use of funds awarded under the Jobs and Education for Texans grant program.
• Municipal court security and technology fund in certain municipalities. The chair recognizes Mr.

Bills: HJR98 , HJR8 , HJR133 , HB23 , HB33 , HB144 , HB 109 , HB 103 , HB148 , HB3809 , HB1686 , HB2217 , HB2156 , HB220 , HB2421 , HB2363 , HB3773 , HB421 , HB2584 , HB2615 , HB2455 , HB3711 , HB2559 , HB3747 , HB2775 , HB2886 , HB3126 , HB3666 , HB3595 , HB3260 , HB3506 , HB1638 , HB3376 , HB3826 , HB3628 , HB1349 , HB3770 , HB1831 , HB1762 , HB2614 , HB3113 , HB267 , HB322 , HB431 , HB869 , HB 1203 , HB 1201 , HB 1244 , HB1875 , HB1950 , HB2152 , HB2290 , HB2341 , HB2436 , HB2809 , HB2856 , HB3012 , HB2954 , HCR56 , HCR102 , HB 107 , HB1587 , HB3684 , HB658 , HJR99 , HB1399 , HJR5 , HJR2 , HJR6 , HJR31 , HB1971 , SJR3 , HB1775 , HJR72 , HB502 , HB3109 , HJR98 , HJR8 , HJR133 , HB 118 , HB388 , HB 114 , HB205 , HB2789 , HB2791 , HB499 , HB2960 , HB3163 , HB3135 , HB2427 , HB1618 , HB1672 , HB1722 , HB1338 , HB787 , HB2618 , HB879 , HB 1126 , HB4134 , HB3513 , HB718 , HB1536 , HB1445 , HB1640 , HB1893 , HB1734 , HB3229 , HB3306 , HB 1276 , HB3272 , HB3276 , HB3516 , HB4145 , HB1585 , HB4810 , HB2989 , HB2558 , HB3014 , HB2742 , HB1695 , HB23 , HB33 , HB144 , HB 109 , HB 103 , HB148 , HB3809 , HB1686 , HB2217 , HB2156 , HB220 , HB2421 , HB2363 , HB3773 , HB421 , HB2584 , HB2615 , HB2455 , HB3711 , HB2559 , HB3747 , HB2775 , HB2886 , HB3126 , HB3666 , HB3595 , HB3260 , HB3506 , HB1638 , HB3376 , HB3826 , HB3628 , HB1349 , HB3770 , HB1831 , HB1762 , HB2614 , HB3113 , HB267 , HB322 , HB431 , HB869 , HB 1203 , HB 1201 , HB 1244 , HB1875 , HB1950 , HB2152 , HB2290 , HB2341 , HB2436 , HB2809 , HB2856 , HB3012 , HB2954 , HCR56 , HCR102

Keywords: Article V, federal government, fiscal restraints, constitutional amendment, term limits, nuclear energy, electric generation, funding, Texas nuclear development fund, advanced reactors, HJR 133, Texas constitutional amendment, ad valorem tax, property tax exemption, homestead exemption, surviving spouse, veteran, veterans benefits, service-connected death, presumed service-connected condition

Transcript Highlights:

• if unused funds exist.
• So it is very costly to run this pension fund. But we're still not where we need to be.
• So it is very costly to run this pension fund.
• Most retirement funds are really only 80% funded, but they're looking at 100% funding. ...are really
• only 80% funded, but they're looking at 100% funding.

Committee: House House Government, Elections & Indian Affairs

Transcript Highlights:

• Um, member pension spiking started at.
• Um, but yes, it would be general fund budget.
• </c><00:26:46.400><c> Like</c> would it come from general funds?
• Like would it come from general funds?
• Um, but yes, it would be general fund<00:27:16.080><c> budget.

Summary: The committee first took up Representative John Blanton’s bill on pension spiking and Kentucky Public Pension Authority administration. Blanton said the measure would make a prior court-related pension-spiking fix retroactive to July 1, 2022, so employees who retired between that date and the court ruling would be treated the same as those covered by the earlier legislation. KPPPA staff said they did not think the bill would go beyond the Court of Appeals ruling, but noted it could prompt requests from people who retired before July 1, 2022. Members asked about how many retirees might be affected, whether the language was narrow enough, and whether the bill could open the door to additional claims; Blanton estimated roughly 1,000 retirees would need review, with fewer actually impacted. No vote was taken on the bill in the excerpt. The committee then heard Senator Matt Nunn and Scott County Schools Superintendent Billy Parker present a proposal allowing school districts to offer teachers and other employees a voluntary payout for unused sick days. Supporters said the idea could improve attendance, reduce substitute costs and classroom disruptions, help retain younger teachers, and potentially lower long-term retirement-related costs because the payout would not count toward pension compensation. They emphasized the program would be optional for districts and employees, would require teachers to keep at least 15 sick days in reserve, and would be district-funded rather than a state cost. Members raised questions about budget impact, tax treatment, pension effects, and whether the incentive would actually change behavior; the bill sponsor and witnesses said the payout would be taxed like other compensation and would not affect TRS or CERS benefits. One member requested reporting on how the program would be used, and the sponsor said he would be open to adding that. The sponsor also noted a later committee-substitute change would allow use of accumulated sick leave for observance of religious holidays not otherwise on the school calendar, with a personal statement from the employee.

Transcript Highlights:

• It was simply to—we didn't have the funding, but we're going to use the fund from inside the TIF to fix
• It was simply to—we didn't have the funding, but we're going to use the fund from inside the TIF to fix
• , focuses only on the pension systems managed by professional fiduciaries.
• I would ask you, General Fund focuses only on the pension systems managed by professional fiduciaries
• Keep in mind that this is strictly for pension systems only.

Bills: SB1302 , SB1389 , SB1401 , SB1776 , SB1809 , SB1858 , SB1985 , SB2053 , SB2148

Committee: Senate Revenue and Taxation

Summary: The Revenue and Taxation Committee met and considered several bills. Senate Bill 1776, by Senator Pugh, would create a $10,000 refundable tax credit for teachers with seven consecutive years of service, as part of a teacher retention strategy; after questions about the seven-year threshold, it passed 8-3. Senate Bill 1858, by Senator Frix, would create a new TIF district financing option allowing developers, rather than cities or counties, to borrow against projected TIF revenues; the committee adopted an amendment changing a filing provision from “may” to “shall,” and the bill passed 7-4. Senate Bill 1985, by Senator Guthrie, would let state retirement systems consider limited investments in regulated digital assets, capped at 5% and narrowed to large-market-cap assets; the committee added an amendment inserting “in” to clarify the language, and the bill passed 9-2. The committee then rejected Senate Bill 1302, by Senator Kirt, which would repeal the “path to zero” trigger tied to future income tax cuts; it failed 2-9 after debate over fiscal stability and tax relief. Senate Bill 1809, by Senator Hamilton, would raise the homestead exemption from $1,000 to $5,000; members debated its impact on local governments and school funding, but it passed 9-2. Senate Bill 1401, by Senator Rader, was amended to adjust the insurance premium tax rate from 1.96% to 2.16% and eliminate the home office premium tax credit; the bill was laid over after concerns about its fiscal impact. Finally, Senate Bill 2053, also by Senator Rader, would allow cities and counties to impose up to a 10% excise tax on medical marijuana dispensaries by local vote, with OTC handling collections and enforcement; supporters framed it as local control and a way to offset public safety costs, while opponents argued it unfairly targeted dispensaries and consumers. The bill passed 7-3. The committee then adjourned and announced it would meet again the following Monday after floor activity.

Transcript Highlights:

• School lunches or any other needed education funding out in a trade for the pensions we need.
• But no other pension fund is asked to do this.
• Law enforcement has a proposal to improve their pensions this year, and no one is asking that to be funded
• Traditionally, we do not fund pensions within the education K-12 budget, so I don't think that'd be a
• We're not trying to take food away from our kids so that we can fund teachers' pensions or, you know,

Bills: HF51 , HF1161 , HF2201 , HF2786 , HF1053

Committee: House Education Finance

Transcript Highlights:

• As you know, pensions is not the most sexy committee. Everybody's on here.
• There will be no changes in their pension systems as far as the payments.
• There'll be no changes in their pension system as far as the payments that they're receiving. St.
• Louis City Teachers' pension is its own system.
• And then that dollar, $1.50, that goes to the fund for developmentally disabled people.

Committee: House Crime and Public Safety

Summary: The Committee on Crime and Public Safety met in executive session with a quorum present and considered three measures. First, members took up Senate Substitute for Senate Committee Substitute for Senate Bill 1652, offered a House committee substitute, and discussed changes clarifying that an office was created within the Department of Public Safety rather than targeting women and girls. The bill was described as addressing missing persons and trafficking concerns, though one member objected that the language was not inclusive enough. The committee adopted the House committee substitute and then voted the bill do pass by a 12-1 vote. The committee next considered Senate Bill 1572, which was explained as a cleanup bill for several retirement-related issues, including St. Louis Police Board appointment timing, recovery of overpayments, refunding small accounts, and a quorum change for the St. Louis teachers’ retirement board after its membership was expanded. Members asked whether the changes affected pension benefits, and were told they did not alter payments or retirement system structure. The House committee substitute was adopted, and the bill received a unanimous do pass recommendation, 16-0. Finally, the committee heard House Bill 3533, with a House committee substitute removing sports betting language and leaving only changes to riverboat admission fees and licensee tax rates. Members discussed the size of the increase, noting the current fee had not changed since 1993 and that the costs could be passed on to consumers. The committee adopted the substitute and then voted the bill do pass by a 9-7 vote, with one member present.

Transcript Highlights:

• As you know, pensions is not the most sexy committee. Everybody's on here.
• for retired teachers and how they came... ...pensions for retired teachers and how they came out of
• There will be no changes in their pension systems as far as the payments.
• Let me phrase it this way here: there'll be no changes in their pension system as far as the payments
• Louis City Teachers' pension is its own system.

Committee: House Crime and Public Safety

Transcript Highlights:

• Yes, yes, yes, ma'am. given to us through general f funds but given to us through general f funds but
• </c> pull that the fund from the trust fund pull that the fund from the trust fund came came came from
• There's no other self-funded department that comes and asks for general funds, only this one.
• There's no other self-funded department that comes and asks for general funds, only this one.
• </c> up a fund as part of the dedicated funds up a fund as part of the dedicated funds Review<02:01:48.320

Committee: Senate Finance

Transcript Highlights:

• That pension fund had been around for a hundred years, and Mary took a while to agree that that was a
• </c> not sure about the Duth Teachers Pension not sure about the Duth Teachers Pension Fund.<00:17:44.799
• </c><00:17:53.520><c> That</c><00:17:53.840><c> pension</c><00:17:54.160><c> fund</c> kill me right there
• That pension fund kill me right there.
• That pension fund had<00:17:54.640><c> been</c><00:17:54.799><c> around</c><00:17:54.960><c> for</c><

Transcript Highlights:

• for general fund money you're asking for general fund money it's<00:08:57.120><c> an</c><00:08:57.360
• ><c> is</c><00:09:17.920><c> entirely</c> funding mechanism which is entirely funding mechanism which
• , commonly known as the Petro Fund.
• </c><01:26:31.840><c> to</c><01:26:32.239><c> fund</c> for [clears throat] the pra fund to fund for [
• </c><01:32:50.960><c> works</c> uh in terms of how the pro fund works uh in terms of how the pro fund

Bills: HF3298

Committee: House Energy Finance and Policy