Video & Transcript Research : 'fiscal note'
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NH
New Hampshire 2025 Regular Session
Senate Health and Human Services (02/05/2025)
Health and Human Services
Transcript Highlights:
- finish the fiscal note will that have finish the fiscal note will that have all<01:00:25.160>
- <01:22:30.120>
done but the fiscal note has not been done but the fiscal note has not been - Yes, where is the fiscal note?
- You have a fiscal note.
- <04:54:00.840>
note <04:54:01.160>came fiscal note came fiscal note came out<04:54:03.798
CA
Transcript Highlights:
- At the same time, the legislative budget puts our state on a stronger path to fiscal responsibility.
- But we also refuse to ignore the real fiscal challenges facing our state.
- A special fund for economic uncertainty at the end of the year is important to note.
- Yes, Jason Constantouros from the LAO, I just also wanted to note that when you're...
- Resolving or shrinking the fiscal deficits that are projected in the multi-year.
NM
New Mexico 2025 Regular Session
House - Appropriations and Finance Jan 23rd, 2025
House Appropriations & Finance
Transcript Highlights:
- I'm glad to have at the table a note for all of the members.
- It's currently in an account that rolls over each fiscal year.
- The second, just as a note, and I think this is one of the underlying notes, goes to something that Representative
- One quick note. That.
- I oversee the fiscal analysts. Many of our fiscal analysts for these agencies are.
NH
New Hampshire 2025 Regular Session
House Ways and Means (04/22/2025)
Transcript Highlights:
- on consent because it has a fiscal note. on consent because it has a fiscal note.
- /c> think in the fiscal note I said 400 think in the fiscal note I said 400 facilities.<04:07:42.239>
- <05:05:53.680>
note <05:05:53.920>of <05:05:54.160>SB83 fiscal note of SB83 fiscal - fiscal note but the looking at the wrong fiscal note but the one<05:08:05.360>
I <05:08:05.600 - If there's a fiscal note we SP 83.
Summary:
The committee first took up SB 63, which concerns funding for the division of travel and tourism and its relationship to the meals-and-rooms tax calculation. Members asked for confirmation that the bill would not affect municipal distributions under RSA 78-A:26. Jennifer Ramsey of the Department of Revenue Administration explained that the amendment does not change meals-and-rooms distributions, but instead corrects the calculation for the travel and tourism appropriation by adding back the municipal fund transfer before applying the 3.15% floor. Chris Shay of the Office of the Attorney General agreed with that explanation. The committee also discussed the complexity of the meals-and-rooms statutes and the possibility of a future cleanup effort. The committee then voted 19-0 to recommend SB 63 ought to pass; it will not go on consent because it has a fiscal note.
The committee next considered SB 60, relative to advanced deposit account wagering. Rep. Murphy moved ought to pass, explaining that the bill would regulate advanced deposit wagering on horse racing and impose a 1.25% revenue share on wagers from New Hampshire residents, generating roughly a quarter-million dollars in new lottery revenue in the first year. The motion passed 19-0, and the bill will not go on consent because of its fiscal note. The committee then voted 19-0 to recommend SB 147 ITL, with members noting that live racing facilities are in decline and the market is shrinking. SB 160, which updates raffle ticket pricing and prize limits for bingo-related gaming, also passed ought to pass 19-0 and will not go on consent.
The committee then took up SB 73, which revises coverall bingo rules and increases prize limits. An amendment, 2025-1470H, was offered to raise the total prize amount to $5,000; members supported it as a reasonable compromise, and the amendment was adopted unanimously. The bill as amended then passed ought to pass 19-0, again with a fiscal note preventing consent placement. After those votes, the committee moved into a work session on SB 83, where members began discussing the bill’s video lottery terminal provisions, including the meaning of “maximum wager,” the absence of a cumulative betting cap, and concerns that the bill combines several distinct policy changes—tax treatment, VLT rules, renaming, and a self-exclusion database—into one measure. No vote was taken on SB 83 during the work session, and members indicated they would continue discussion later after reviewing side-by-side materials.
AR
Arkansas 2026 1st Special Session
LEGISLATIVE JOINT AUDITING-STATE AGENCIES Mar 12th, 2026
LEGISLATIVE JOINT AUDITING-STATE AGENCIES
Transcript Highlights:
- Karen Perry, Chief Fiscal Officer.
- Karen Perry, Chief Fiscal Officer, Department of Public Safety. Thank you.
- payable and expenditures at the end of fiscal year 24.
- James Caldwell, Chief Fiscal Officer, Shared Administrative Services.
- James Caldwell, Chief Fiscal Officer, Shared Administrative Services.
MN
Minnesota 2025-2026 Regular Session
Minnesota House passes the omnibus education policy bill, SF1740 5/16/25
Minnesota House Floor Meeting
Transcript Highlights:
- >
the by a fiscal note because frankly the by a fiscal note because frankly the department<00: - The fiscal note, I just committee.
- Here's a fiscal note so we stop this? Here's a fiscal note so we can<00:52:06.960>
stop it. - It turned around and turned in a fiscal note that was so large that it was a $10 million fiscal note
- All it did is give for a fiscal note.
AZ
Arizona 2026 Regular Session
01/29/2026 - Joint Legislative Budget Committee
Transcript Highlights:
- impact in fiscal 27, a $5.9 million impact in fiscal 28, and a $7.6 million impact in fiscal 29.
- Just a technical note: that was actually... Mr.
- So in this case, we are discussing fiscal 26 monies.
- Does HCBS have a current shortfall projected for fiscal year 26? Mr.
- I would like to note, as Mr.
Summary:
The committee first went into executive session and then returned to approve settlements in three risk management cases based on a motion to accept the Attorney General’s proposed settlement. After that, JLBC staff presented item 1 on the School Facilities Division construction cost index, recommending a 4.8% increase for fiscal year 2027 with retroactive application to December 10, 2025; members asked about why prior years had zero adjustments during the Great Recession, and the committee approved the item.
Items 2A and 2B concerned Arizona Department of Education reports. For 2A, staff reviewed ADE’s annual federal monies report, noting fiscal 2026 federal funds of $1.38 billion, up from $1.27 billion the prior year, and the committee gave favorable review. For 2B, staff summarized the annual Career and Technical Education District report, including enrollment, expenditures, retention, and credential completion rates; members questioned the low 37% retention rate and asked for more comparative and explanatory data, but the committee still gave favorable review.
Item 3A addressed a DES transfer of $3.3 million from the Home and Community-Based Services Medicaid line item to the state-only case management line item for developmental disability services. DES said both areas faced shortfalls and that the transfer would help immediate cash-flow needs, but members raised concerns about growth in the state-only program, possible migration into Arizona for services, fraud controls, and whether the department had formally notified the Legislature of the deficiency. The committee attached conditions requiring formal deficiency letters, monthly reporting on DDD populations by diagnosis, and a review of Minnesota audit findings, then approved the item. Item 3B, the Arizona Training Program at Coolidge annual review, was also approved.
Finally, item 4 proposed transferring $650,000 from unused special election funds to the Secretary of State’s cybersecurity monitoring and management budget. The Secretary of State’s office said the money would support 24/7 monitoring, endpoint protection, and remediation of identified vulnerabilities, and members debated the office’s federal outreach and the March 1 deadline tied to county reimbursement for AVID-related costs. Despite concerns from some members about communication and the size of the remaining appropriation, the committee gave favorable review to the $650,000 transfer and then adjourned.
LA
Transcript Highlights:
- I think we've been able to really ...really reduce the fiscal note.
- I know that there's not a new fiscal note.
- We have a fiscal note based upon what we actually submitted yesterday.
- But I believe with the new changes, it's going to actually drastically drop the fiscal note to a very
- And members, just to let you know, there is no fiscal note at this moment.
Bills:
SB237
NH
New Hampshire 2026 Regular Session
Senate Health and Human Services (01/21/2026)
Health and Human Services
Transcript Highlights:
- <00:11:35.120>
language fiscal note you'll it there's language fiscal note you'll it there's - >
concerns <00:15:54.480>that addressed the fiscal note concerns that addressed the fiscal - <02:18:12.960>
note how we drafted our fiscal note how we drafted our fiscal note worksheet - The fiscal note is just to give this.
- in the fiscal note about that. in the fiscal note about that.
NH
New Hampshire 2026 Regular Session
House Finance Division II (02/09/2026)
Transcript Highlights:
- The second thing about the fiscal note, I looked up the bill that put this requirement on high schools
- It has no fiscal note.
- So, so I I tend to having a fiscal note.
- /c> think that the fiscal note we have more think that the fiscal note we have more reflects<00:10:43.519
- Uh, there wasn't a fiscal note, but that doesn't necessarily mean it didn't cost the schools something
Summary:
The Finance Division met to consider two bills: HB 112 and HB 1399. On HB 112, members debated a proposal tied to civics education requirements for public higher education. Supporters argued the measure would reinforce basic civic knowledge and noted that a similar high school requirement had already been enacted with little apparent fiscal impact. Opponents said the legislature should not dictate university curriculum and raised concerns about administrative burden and precedent. The committee voted 5-3 to recommend ought to pass.
The committee then heard testimony on HB 1399, which concerned Claremont and retroactive school building aid related to past construction during the state moratorium on building aid. A Claremont representative explained the district’s history, estimated the lost state aid, and said any funds would likely be used for contingency, tax relief, or future liabilities, while preferring normal building aid participation going forward. Members discussed whether the issue reflected state policy, local governance, or both, and whether the bill would create an unfair retroactive precedent or a broader statewide obligation.
After discussion, the committee voted on an ITL motion for HB 1399. The motion failed, and the committee instead approved the bill 7-1. The chair then closed the hearing and adjourned the meeting.
NH
New Hampshire 2025 Regular Session
House Finance Division I (05/13/2025)
Transcript Highlights:
- The fiscal note that EDNA saw was data.
- <00:05:06.800>
note how well the fiscal note how well the fiscal note fits.<00:05:09.520>< - we numbers in the fiscal fiscal note and we numbers in the fiscal fiscal note and we hope<00:05:30.960
- You'll see in our fiscal note there was a fiscal impact listed.
- That's where our fiscal note came from. That's where our fiscal note came from.
Summary:
The committee took up House Bill 74, which would require agencies issuing certain real-property-related permits to track and report how many permits they issue and how long the process takes. Representative Carol McGuire introduced the bill and said the goal is to gather data on permit timing and fees, especially for DES and DOT permits involving wetlands, alteration of terrain, driveway permits, and similar approvals. Supporters argued the state needs better visibility into permitting delays and whether statutory deadlines are realistic; they also noted the bill had passed the House on a voice vote with no debate.
Adam Crapo of the Department of Environmental Services said DES is generally supportive of the reporting concept but warned that the agency’s data are spread across many separate, partly manual databases. He said DES can already do this for some land resources permits through its new system, but not across all of its more than 90 permit types without additional help. DES estimated it would need two part-time positions to compile the reports, especially for waste management and water programs, and said otherwise existing permitting staff would have to do the work, potentially slowing permit processing. He also said the agency is already working to simplify rules and move more permits onto a new online platform, but could not meet the bill’s 2026 reporting deadline with current staffing and systems.
Committee members questioned whether delays are often caused by incomplete applications rather than agency inaction, and Crapo said that is frequently the case. He said DES already tracks timelines to some extent for management and statutory compliance, but not at the individual-permit detail the bill would require. He also said some letters and records are captured in One Stop, but not all are. Members expressed support for the bill’s transparency goals while also worrying about added workload and possible slowdowns. The discussion then moved to DOT, where Susan Clawson said DOT is neutral on the bill because it recently implemented Salesforce and now has good data for reporting; DOT’s fiscal note reflects software-related costs, but the agency can already track the required information in its system.
MN
Minnesota 2025-2026 Regular Session
House Floor Session 4/27/26 - Part 1
Minnesota House Floor Meeting
Transcript Highlights:
- And I want to note before I talk that.
- The fiscal note alone demonstrates the need for this bill and the real problem that exists and the real
- The<00:27:56.520>
fiscal <00:27:56.880>note <00:27:57.120>alone <00:27:57.640> - demonstrates<00:27:58.400>
the The fiscal note alone demonstrates the The fiscal note alone - <00:39:23.080>
note the fact that this has a fiscal note the fact that this has a fiscal note
Summary:
The House opened with prayer, the Pledge of Allegiance, a roll call establishing a quorum, approval of the prior day’s journal, adoption of committee reports, and the first readings of several House and Senate files. The chamber also received Senate File 476, which was referred to Ways and Means, and Senate File 4807, which was sent for comparison with a House file. The Speaker announced members to escort the Governor to the joint convention on April 28.
The main floor action was House File 3489, an education bill establishing field trip supervision rules and creating the criminal offense of grooming. Representative Bennett described the bill as a response to survivor testimony and explained that it would prohibit staff from being alone with students in certain circumstances, create felony penalties for grooming, make grooming grounds for educator license discipline, add grooming to mandatory reporting and training, and allow the Department of Education to look back further in investigations. Bennett and several members also noted the bill’s fiscal note, including added investigative staffing and prison costs.
During debate, multiple members from both parties voiced support, emphasizing student safety, mandatory reporter training, clearer field trip rules, and better communication with licensing boards. Several members thanked survivor Hannah LaPresto and Detective Chad Clausen for their work and testimony, and some members stressed that grooming is a deliberate process and that the bill is intended to protect children without vilifying educators. Representative Jordan also highlighted prevention through education about consent and grooming. No amendments were offered, and the bill was given its third reading; members repeatedly urged a green vote, though the transcript provided does not include the final roll-call result.
MN
Minnesota 2025-2026 Regular Session
House Judiciary Finance and Civil Law Committee 2/18/25
Judiciary Finance and Civil Law
Transcript Highlights:
- ><00:31:50.320>
think have a fiscal note and I do think have a fiscal note and I do think there's - that when the fiscal note comes we can that when the fiscal note comes we can hear<00:32:19.799>
- If there is a fiscal note, this is a public safety bill, so if there's a fiscal note, it will be addressed
- If there is a fiscal note, this is a public safety bill, so if there's a fiscal note, it will be addressed
- Committee and we just got the fiscal Committee and we just got the fiscal note<00:50:09.079>
Bills:
HF7
Keywords:
public safety, criminal justice, sentencing guidelines, Minnesota Sentencing Guidelines Commission, public sentencing database, felony dismissals, prosecutor reporting, bail notice, bond posting, law enforcement data, arrest data, public records, sex trafficking, human trafficking, mandatory minimum sentence, peace officer assault, police assault, fleeing police, vehicular flight, stolen motor vehicle
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Ways and Means Jun 21st, 2026 at 11:00 am
Joint Committee on Ways and Means
Transcript Highlights:
- So I want to just make note of our committee.
- year but the next fiscal year.
- It only reflects $150 million of savings in the fiscal year.
- I just have a couple of housekeeping notes.
- We pay on average per lease went from $700 a month in fiscal year 20 to $1,300 a month in fiscal year
Summary:
The Joint Committee on Ways and Means held a Health and Human Services budget hearing in Clinton, with opening remarks from Chairs Meg Kilcoyne and Robin Kennedy, local officials, and many House and Senate members introducing themselves. The hearing focused on Governor Healey’s FY27 EOHHS and MassHealth budgets, with repeated themes of rising health care costs, federal funding uncertainty, workforce shortages, and access to care in underserved regions. Members also raised concerns about primary care shortages, rural and regional disparities, behavioral health access, maternal health, food insecurity, and the impact of federal policy changes on Massachusetts programs.
EOHHS Secretary Kiame Mahaniah said the FY27 EOHHS budget totals $33.7 billion, reflecting mostly non-discretionary growth from health care costs, labor costs, caseload increases, and provider rate pressures. He highlighted targeted investments in foster care, family resource centers, maternal health, youth services, nutrition programs, immigrant legal services, and human service workforce rates, while warning that federal actions could strip roughly $3.5 billion annually from the state’s health care funding. In response to questions, he defended the administration’s cooperation with federal audits and program integrity efforts, discussed the primary care crisis, and said the state is trying to preserve core services while preparing for a more difficult FY28 budget cycle.
MassHealth Undersecretary Mike Levine then described two major FY27 challenges: double-digit cost growth and the expected effects of the federal One Big Beautiful Bill Act. He said MassHealth’s proposed $22.7 billion gross budget includes a 7.5% increase and relies on a moratorium on new expansions plus targeted reductions, including a $1,000 annual adult dental cap, ending GLP-1 coverage for weight loss only, reducing care management to peer-state levels, and work groups to slow growth in PCA, adult foster care, and adult day health spending. Members questioned the impact on Boston Health Care for the Homeless, preventive care, and regional access; Levine said the changes are meant to preserve sustainability, that children and certain disabled populations remain protected, and that the administration will continue working with providers, advocates, and the Legislature on implementation and longer-term reforms.
WA
Washington 2025-2026 Regular Session
Senate Ways & Means Oct 16th, 2025
Transcript Highlights:
- Two additional agencies to note.
- or your federal fiscal year 26 error rate to determine what you will pay in fiscal year 28?
- or your federal fiscal year 26 error rate to determine what you will pay in fiscal year 28?
- So our focus turns to fiscal year 26. And we are in fiscal year 26 today.
- It will impact what we see for fiscal year 28, and it will impact then also what we pay in fiscal year
Summary:
The Ways and Means Committee held a work session to review how H.R. 1 (the One Big Beautiful Bill Act) could affect Washington’s Medicaid, long-term care, developmental disabilities, and food assistance programs, with a focus on implementation challenges, fiscal impacts, and likely coverage losses. Staff and agency officials explained Washington’s Medicaid financing structure, eligibility categories, caseload trends, and the role of the Health Care Authority and DSHS in administering Apple Health and related services. They also described how Medicaid expansion increased access to behavioral health services and how H.R. 1’s provisions are expected to affect the expansion population most directly.
Health Care Authority and DSHS officials outlined several major H.R. 1 changes: new work and community engagement requirements for the Medicaid expansion population, six-month redeterminations instead of annual renewals, changes to immigrant eligibility, limits on provider taxes and state-directed payments, new cost-sharing requirements, reduced retroactive coverage, and changes affecting long-term care eligibility. They said Washington is still awaiting federal guidance on many details, but estimated that about 620,000 Apple Health expansion enrollees could be subject to work requirements, that roughly 30,000 immigrants could lose Medicaid eligibility under the new definition of qualified alien, and that some long-term care and developmental disability clients could be indirectly affected. Officials also said the state is working with other agencies to build shared verification systems and may seek a delay waiver, though they do not expect broad federal flexibility.
The committee also heard that H.R. 1 immediately blocks Medicaid reimbursement for Planned Parenthood services for one year, with the state planning to backfill about $11 million to preserve access. In addition, officials warned that the law could reduce federal Medicaid revenue by billions over time and strain hospitals and emergency rooms as more people become uninsured. They noted that Washington’s rural health transformation grant application is due November 5 and could bring some funding, but not to offset coverage losses. No votes were taken; the session was informational only. The committee then heard a separate presentation on food assistance, where staff and DSHS described H.R. 1’s SNAP changes, including expanded work requirements, immigrant eligibility restrictions, higher state administrative costs, and a possible future state share of benefit costs tied to payment error rates. DSHS estimated a four-year fiscal impact of about $750 million for food assistance changes and said the state is working on system and policy changes across agencies before the new requirements take effect.
ND
North Dakota 2026 1st Special Session
Administrative Rules Committee Mar 12th, 2026 at 09:00 am
Transcript Highlights:
- Financially, and this kind of gets into the fiscal note, too.
- Fiscal note, I think I've already kind of hit on that. I'll add a couple of notes I have.
- We did submit a small entity economic impact statement as well as fiscal notes.
- The fiscal note is attached.
- There's no fiscal effect. The fiscal note is attached. No constitutional takings assessment.
Summary:
The committee first approved the December 3 minutes, then heard a request from the Board of Clinical Laboratory Practice to amend its proposed rule on exempt test methods to add certain closed-system DNA/RNA tests, including rhinovirus. After testimony explaining that the board had considered late comments from BioMérieux and wanted the rule record to reflect that review, the committee agreed to a limited amendment and passed the motion unanimously.
The Department of Agriculture then outlined broad rule updates affecting dairy, eggs, poultry, pesticides, animal health, environmental mitigation, and the Egg Product Utilization Commission. The commissioner said the changes mostly clarified existing requirements, updated references, and reduced some burdens, such as easing dairy hauler training/licensing timing and clarifying out-of-state grade A milk language. Members asked about dairy industry decline, the APUC scoring system, and the rationale for the milk-hauler and out-of-state milk provisions.
The State Board of Dental Examiners presented extensive rule changes tied to recent legislation and workforce issues, including a new professional health program for dentists, expanded duties for assistants and hygienists, broader local anesthetic authority for hygienists, and fee increases to fund the program and cover administrative costs. Testimony from Dr. Edward May strongly supported the professional health program based on his own recovery experience. The committee also heard from Game and Fish on rules easing some guide/outfitter experience requirements, allowing electronic exams, and modifying boating safety equipment rules, with no public comment and no fiscal impact.
Later, Health and Human Services received approval for an extension to update tattoo/body art rules and a separate motion to repeal an obsolete nurse aide training chapter. HHS also described nursing facility rule updates, lodging sanitation revisions, and related clarifications on licensing, safety, pest control, and fire requirements. The Department of Environmental Quality received an extension for septic-system installer rules, and also presented rules for above-ground storage tanks and water/wastewater operator certification, including new fees and third-party testing options. The Industrial Commission’s oil and gas division described multiple rule changes, some withdrawn after comments, including drilling unit flexibility, site stability, wildfire authority, and streamlined transport/reporting procedures. Finally, DPI began presenting several rule packages, including school construction loan limits, school bus standards, cooperative agreements, special education rules for public charter schools, and new math curriculum and intervention requirements.
NH
Transcript Highlights:
- Um, and overly um, broad fiscal note.
- <00:36:09.119>
note <00:36:09.359>is So, I think that the fiscal note is So, I think - She said she would not belabor the point of the fiscal note.
- Um, this the point of the fiscal note.
- For the department, House Bill 740 did not have a fiscal note on it, but House Bill 740 did have a fiscal
MN
Minnesota 2025-2026 Regular Session
House Environment and Natural Resources Finance and Policy Committee 3/5/26
Environment and Natural Resources Finance and Policy
Transcript Highlights:
- allow for the use of fiscal agents. allow for the use of fiscal agents.
- >
more Fiscal agents are larger, more Fiscal agents are larger, more established<00:23:42.240> - fiscal means to administer that grant. fiscal means to administer that grant.
- fiscal ability to administer a grant? fiscal ability to administer a grant?
- Um, let me see what my other notes<01:30:30.639>
are. notes are. notes are.
Summary:
The committee approved the March 3 minutes and then heard a presentation from the Office of the Legislative Auditor on state grant-management requirements. Deputy Legislative Auditor Katherine Tyson outlined the main controls agencies must follow, including pre-award risk assessments for grants of $50,000 or more, reimbursement as the preferred payment method, limits and documentation requirements for advance payments, and monitoring obligations for active grants. She emphasized that these controls are intended to reduce improper payments and fraud, but also require staff time and strong internal systems. In response to questions, she said advance payments are used in some grants but reimbursement is more common, and noted that agencies can add controls such as retaining a portion of funds, surprise visits, or audits. She also said surety bonds are required in some state programs, but not generally for grants, and that this could be a policy discussion for the executive branch.
The committee then received a Department of Natural Resources presentation on the new Environment and Natural Resources Trust Fund community grant program created in 2023 law. DNR officials said the program is intended to expand access to ENRTF funding, especially for communities affected by pollution and environmental degradation, and to support projects such as environmental education, resource restoration, trail work, and aquatic invasive species management. They said the department will use the same grants team that handles Outdoor Heritage Fund and LCCMR grants, which already manages a large volume of grants, and that the advisory council application is open through April 10.
DNR described its implementation plan as similar to the Conservation Partners Legacy program, with both standard and expedited grant rounds, technical assistance, and use of technical experts. Differences include no match requirement, allowance for fiscal agents to help smaller organizations, and more flexibility for administrative expenses to reduce barriers to participation. Officials said the program will follow state grant rules, including pre-award financial reviews and monitoring, and will use the 5 percent administrative allowance to support both oversight and grantee assistance. They also said the report’s suggestion of advance payments for grants under $50,000 was raised for discussion, but they did not dispute the auditor’s emphasis that reimbursement is the preferred approach.
MN
Minnesota 2025-2026 Regular Session
Gov. Tim Walz's tax bill, HF2437, heard in House Taxes Committee 4/2/25
Transcript Highlights:
- tax rate cut uh and I'm using fiscal tax rate cut uh and I'm using fiscal year<00:19:13.919>
- retaining top talent also want to note retaining top talent also want to note our<01:12:07.920><
- 27, starting in fiscal 27, and then the revenue increases, or is projected to increase, in fiscal 28
- In fiscal 26, and that appropriation grows to $1.4 million in fiscal 27, and it is ongoing.
- There are estimates that I've read that the... fiscal 28 and 2.7 million in fiscal fiscal 28 and 2.7
Summary:
The committee took up House File 2437, the governor’s proposed tax bill, and first adopted the A25-Z42 amendment to put the bill in the desired shape. Commissioner Paul Marquardt of the Department of Revenue then presented the bill as part of Governor Walz and Lieutenant Governor Flanagan’s budget, describing it as a response to budget pressures that would make the tax system more fair and stable while supporting economic development and jobs.
Marquardt walked through the bill’s major provisions. These included sustainable aviation fuel policy, repeal of K-12 education credit assignment, elimination of the political contribution refund, expansion of the research and development credit, short-line railroad infrastructure modernization, changes to the state airport fund levy, replacement of attachments and appearances with distribution systems, a narrow personal property tax exception for low-income housing tenants, reduced aquatic invasive species aid, and a 34% reduction in PILT payments. He then focused on the sales tax article, saying it would lower the statewide rate by 0.75% while expanding the base to selected professional services such as accounting, banking, brokerage, and legal services, with business-to-business transactions exempt. He said the proposal would be effective for sales and purchases after September 30, 2025, and estimated a first-year rate-cut impact of about $99 million versus $215 million from the service expansion, while arguing that most households would see a net tax cut. He also noted other changes such as landlord penalty adjustments, a 30% reduction in sustainable aviation fuel incentive payments, repeal of local government cannabis aid, and repeal of the tax filing modernization account.
Public testimony began with Kyle Playford of the Financial Planning Association of Minnesota, who strongly opposed the proposed sales tax on professional services, especially financial planning. He argued that financial planning is an essential service for retirement, investment, and long-term financial security, and said the tax would raise costs for consumers, reduce access for middle-class families, small business owners, and retirees, and put Minnesota firms at a competitive disadvantage. The chair then indicated that additional public testimony would continue before member questions.
MN
Minnesota 2025-2026 Regular Session
Tax Expenditure Review Commission annual report 2/26/26
Minnesota House Floor Meeting
Transcript Highlights:
- 33.360>
in three tax credits to be $2.4 million in three tax credits to be $2.4 million in fiscal - fiscal year 2026. fiscal year 2026.
- With that said, Madame Chair, members, I just want to express a note of appreciation on behalf of the
- <00:30:21.360>
of just want to express a note of just want to express a note of appreciation - services as well as the tax fiscal services as well as the tax research<00:30:31.600>
division