Transcript Highlights:

• A forum taxes through the use of certain surplus state revenue referred the Committee on appropriations
• HAR 76 by Derazio proposing a constitutional amendment appropriating certain surplus revenue to school

Transcript Highlights:

• reducing school district maintenance and operations of ad valorem taxes through the use of certain surplus
• Using a constitutional amendment appropriating certain surplus revenue to school district bond debt,

Keywords: 1184, house, all

Transcript Highlights:

• Um, is this I mean, to what extent do you know that schools maybe have a surplus in these, um, operating
• There are some folks that are basically uh right at and others that have a uh a surplus um by student
• um fund balance information. you know that schools maybe have a you know that schools maybe have a surplus
• in in these, um, capital these surplus in in these, um, capital these operating<00:41:14.960> capital
• <00:42:30.880> um uh a a surplus um uh a a surplus um by<00:42:31.680> student.

Keywords: 1187, senate, all

Transcript Highlights:

• So basically, at the end of the fiscal year, the surplus is going into a fund, and that fund will grow
• c><01:22:12.960> state made up of dollars from the state made up of dollars from the state surplus
• So basically it near the end of surplus.
• <01:22:17.679> is<01:22:17.920> going the fiscal year the surplus is going the fiscal
• year the surplus is going into<01:22:18.400> a<01:22:18.560> fund<01:22:18.880> and

Keywords: 958, all

Summary: The committee began with introductions of student guests, including an FCCLA national officer who spoke in support of career and technical education. She emphasized that CTE connects classroom learning to real careers, builds leadership and employability skills, and deserves continued state supplemental funding to keep programs current, expand offerings, and support student organizations. Members thanked her for her remarks and for representing FCCLA students. The committee then considered House Bill 67, a cleanup bill to address unintended consequences from last session’s Senate Bill 181 on traceable communication in schools. Rep. Josh Calloway explained that the substitute clarified definitions of family members, coaches, volunteers, certified/classified/contract employees, and virtual instruction; exempted group messaging, public social media posts, translation services, parent-provided phone numbers, emergency communications, and field trip/work-based learning contacts; and allowed teachers to disclose outside commercial or nonprofit involvement so they can communicate with students for those purposes. He said the bill was developed with input from school boards, administrators, KDE, school HR groups, Kentucky League of Cities, and Farm Bureau. The committee approved the substitute and passed HB 67 favorably. Next, the committee heard House Bill 759, which KDE described as a consistency bill for teacher certification pathways. The bill renames and standardizes alternative certification routes, clarifies content mastery requirements, allows teachers to add certifications more consistently, and lets educators extend certification into lower grade bands if they already hold higher-level certification and pedagogical knowledge. Members asked about chemistry majors, CTE occupational pathways, the veterans pathway, and grade-band “bandwidth”; KDE said the bill preserves the veterans route, does not create a new pathway but reorganizes existing ones, and will help make certification options easier to understand. HB 759 also passed favorably. Finally, Rep. Shane Baker presented House Bill 654, a follow-up to last year’s effort to reduce administrative burdens on schools. He said the bill would eliminate additional reporting requirements, bar KDE from requiring components of a comprehensive improvement plan not expressly required by statute or federal law, and allow EARS to temporarily authorize reports when the legislature is not in session while preserving necessary reporting tied to SEEK funding and school operations. The committee took up the substitute and began discussion of the bill.

Transcript Highlights:

• the splits and revenues that occur with those to maintain the balance we need while allowing the surplus
• <00:34:39.200> We'll money we want to leave in surplus.
• We'll money we want to leave in surplus.
• need while maintain the balance we need while allowing<00:34:48.399> the<00:34:48.639> surplus
• to flow over to the allowing the surplus to flow over to the general<00:34:50.240> fund.

Keywords: 1191, senate, all

Transcript Highlights:

• I think it's mentioning that the surplus after the February forecast in the first biennium is roughly
• 21.039> uh and the February forecast a projected uh and the February forecast a projected uh surplus
• :22.400> bianium<00:18:23.120> and<00:18:23.360> then<00:18:23.600> a surplus
• <00:18:28.880> the I think it's mentioning that um the I think it's mentioning that um the surplus
• after the February forecast in surplus after the February forecast in the<00:18:31.440> first

Keywords: 1187, senate, all

Transcript Highlights:

• That tax would not be triggered unless there's at least $100 million in business tax surplus, and it
• would only be reduced by 0.05% for each $100 million in tax surplus.
• would only be reduced by 0.05% for each $100 million in tax surplus.
• would only be reduced by 0.05% for each $100 million in tax surplus.
• So, that's a high wall in tax surplus.

Keywords: 1189, house, all

Transcript Highlights:

• Next year we're expecting to have a TABOR surplus.
• So in listening a a Taber surplus year.
• In Taber surplus years, we can't money.
• year 2025 2026 is a non-taber surplus year 2025 2026 is a non-taber surplus year,<01:43:42.800><
• expecting to have Taber surplus. expecting to have Taber surplus.

Keywords: 981, all

Summary: The House opened with the national anthem, the Pledge of Allegiance, and a roll call establishing a quorum. Members then approved the journal of April 8, 2026, and heard several introductions and tributes, including recognition of Home Education Day in Colorado, a welcome to Sigma Lambda Gamma members, and a reminder about an education luncheon. The chamber then recessed briefly before moving into second reading and floor consideration of bills. The main substantive debate centered on House Bill 1357, which phases out the Teacher Recruitment Education and Preparation (TREP) program. Supporters said the program serves a relatively small number of students, costs more per student than community college alternatives, and should be wound down so limited state education dollars can go to core services and the school finance formula. Opponents argued the state had promised the program to students who planned their education around it, including some who turned down scholarships, and said the change would harm future teachers and should have been treated as a pause rather than an end. The House adopted an appropriations amendment (L003), withdrew a proposed substitute amendment (L005), and then passed HB 1357 as amended. The House also passed House Bill 1358, which reduces the appropriation for the Colorado Academic Accelerator Grant Program by $5.2 million in general fund. The sponsor described it as a grant program supporting community learning centers and math/STEM enrichment, but said funding will end after the following fiscal year and the program must step down so families can seek other services. The bill was adopted without further opposition. Finally, the House considered House Bill 1359, which redirects certain revenue from public school land natural resource removals to the state public school fund rather than the permanent fund, with projected transfers of $25 million in FY 2025-26 and $45 million in FY 2026-27. Supporters said the measure is needed to help balance the budget. An opponent raised concerns about impacts on a constituent ranch lease tied to a proposed green energy project, but the sponsor clarified the bill applies only to royalties and leases on state-owned public school lands. The House then adopted HB 1359.

Transcript Highlights:

• Now, unfortunately, when the Democrats spent the $18 billion budget surplus, raised taxes by $10 billion
• <00:23:43.080> billion spent the $18 billion spent the $18 billion budget<00:23:44.360> surplus
• 44.880> raised<00:23:45.120> tax<00:23:45.440> by<00:23:45.600> $10 budget surplus
• , raised tax by $10 budget surplus, raised tax by $10 billion,<00:23:46.040> and<00:23:46.520>

Keywords: 918, senate, all

Summary: Minnesota Senate Republicans held a press event focused on school safety, student performance, and relief from what they described as burdensome mandates on districts. Sen. Zach Duckworth promoted the SHIELD Act, which would provide grant funding through the Minnesota School Safety Center for security upgrades such as access controls, ballistic-resistant materials, mass notification systems, and staff training. He also highlighted other education bills, including measures to require parental and teacher notification of violent incidents within 24 hours, allow short removals after serious incidents in K-3 classrooms, expand retention and intervention policies for students not meeting grade level, and increase parental access to curriculum materials and consent for sex education. Duckworth said the school safety proposal has bipartisan support and argued schools should have flexible, locally driven tools to protect students. Sen. Julia Coleman and other Republicans framed the agenda as a response to classroom violence, learning loss, and a lack of transparency. Coleman said teachers and parents are seeing serious problems firsthand and argued that schools should not hide violent incidents. She described Senate File 676 as a notification and anti-retaliation bill, and said Senate File 4023 would give schools a brief reset after serious incidents in early grades. She also backed the transparency bill requiring parental review of curriculum and written consent for sex education. The group repeatedly argued that schools, parents, and teachers should be prioritized over what they called political secrecy or overreach. Sen. Jason Rarick focused on school finance, saying new state mandates have left districts in deficit despite prior funding increases. He discussed bills to expand safe school aid to nonpublic schools, increase staffing at the Minnesota School Safety Center, expand counselor funding for nonpublic students to K-6, and conform state law to federal tax credits that could support scholarships and tutoring. Sen. Carla Nelson Housley argued that more than 60 unfunded mandates have strained districts and said Senate File 3361 would temporarily let districts transfer funds between accounts and opt out of certain new mandates from 2023-24, with public board discussion and votes. In the question period, Republicans also discussed the governor’s supplemental budget, fraud enforcement, possible bonding for IT upgrades, and potential tax and child care credit changes, while emphasizing they want bipartisan cooperation on fraud and school safety but oppose new taxes and what they called harmful mandates.

Transcript Highlights:

• that there's going to be competition and some rivalry for general fund, for lack of a better word, surplus
• that there's going to be competition and some rivalry for general fund, for lack of a better word, surplus
• we need to use some of any given year's certain... ...that we need to use some of any given year's surplus
• Hopefully I'm answering your question, but this is surplus, this is after the Prop. 98 guarantee has

Summary: The Assembly Education Committee met without a quorum for much of the hearing and heard several bills out of order. SB 249 by Senator Umberg would move county board of education elections from the primary to the statewide general election. Supporters, including the League of Women Voters and many educators, argued the change would increase turnout and make the electorate more representative. The Orange County Board of Education opposed the bill, saying it would increase costs, reduce local control, and bury education races on crowded general-election ballots. The chair and members discussed turnout, cost, and representation, but the bill was held pending a quorum. Senator Grove presented SB 373, which adds safeguards for California students placed in out-of-state non-public schools through IEPs. The bill would require more robust LEA and CDE oversight, including annual site visits, student interviews, quarterly contact, stronger certification standards, and restrictions on prone, supine, and mechanical restraints. Testimony from a survivor of an out-of-state placement and from advocates emphasized abuse, neglect, and the need for stronger monitoring. There was broad support and no opposition testimony, but the measure was also held pending a quorum. Senator Ashby presented SB 568, the epinephrine in schools modernization act, to clarify and expand requirements for stocked epinephrine so they clearly apply to all public schools, including preschool programs. School nurses and medical experts said the bill would close gaps created by universal preschool and ensure life-saving treatment is available for anaphylaxis. The committee discussed dosing and implementation, and the bill was supported without opposition testimony. The committee also heard SB 414, the Charter School Accountability Act, which would strengthen fiscal oversight, audit standards, and transparency for charter schools and authorizers. Supporters said it responds to fraud and audit findings while preserving charter flexibility; opponents, including school employees and teachers, said it did not go far enough on authorizer accountability and small-district oversight. After discussion, the committee voted 7-0 to pass SB 414 as amended to Appropriations. The committee also briefly heard SB 743 by Senator Cortese, which would create an equalization reserve account to provide additional funding to underfunded school districts and reduce funding inequities tied to ZIP code. The author said the bill would support student achievement and teacher retention over time. The transcript cuts off before testimony or action on SB 743 was completed.

Transcript Highlights:

• We changed and turned that $239 million dollar projected hole into a $20 million dollar surplus, which
• Opportunity in the tax committee to get the surplus back.
• The then-majority of the Democrats spent the entire $18 billion surplus, and they raised taxes between
• Democrats had total control and they pushed through 18, they burned through an 18 billion dollar surplus

Transcript Highlights:

• includes permissive language, including allowing the director to request up to $25 million of unbudgeted surplus
• includes permissive language, including allowing the director to request up to $25 million of unbudgeted surplus
• includes permissive language, including allowing the director to request up to $25 million of unbudgeted surplus
• prescription drug rebate revenue each year. of unbudgeted surplus prescription drug rebate revenue each

Bills: SB6, SB62, SB74, SB90, SB104, SB119, SB132, SB133, SB135, SB182, SB185, SB193, SB207, SB217, SB229, SB233, SB260, SB262, SB280, SB281, SB300, SB306, SB378, SB382, SB393, SB403, SB422, SB427, SB431, SB434, SB442, SB452, SB456, SB468, SB472, SB487, SB503, SB6

Keywords: cloud seeding, Nevada, water conservation, agriculture, Desert Research Institute, victim compensation, hate crimes, property remediation, criminal justice, vulnerable persons, elections, voter registration, mail ballots, candidate eligibility, cybersecurity, education funding, teacher grants, classroom supplies, instructional support, specialized personnel

Transcript Highlights:

• We get our money, well, we got our money from, as usual, you know, from surplus tax, sales taxes, taxes
• great news, it's a win for the taxpayer, it's a win for the school districts, and we're spending our surplus
• We're doing what we should be doing with our surplus funds, giving it back to the taxpayers that need
• So today is a surplus, right? Right. What about tomorrow?
• Now, I am voting for this because right now we have a considerable surplus and we can afford to buy down

Bills: SJR85, SCR29, SCR38, SCR42, SB23, SB39, SB209, SB227, SB240, SB330, SB527, SB584, SB618, SB619, SB636, SB663, SB715, SB732, SB758, SB801, SB825, SB826, SB843, SB844, SB847, SB870, SB884, SB912, SB957, SB1013, SB1020, SB1065, SB1143, SB1152, SB1164, SB1183, SB1257, SB1299, SB1325, SB1349, SB1413, SB1455, SB1539, SB1558, SB1574, SB1583, SB1624, SB1642, SB1643, SB1667, SB1717, SB1718, SB1727, SB1734, SB1756, SB1757, SB1784, SB1789, SB1832, SB1868, SB1870, SB1883, SB1896, SB1920, SB1924, SB1963, SB2010, SB2018, SB2024, SB2037, SB2052, SB2073, SB2111, SB2161, SB2196, SB2207, SB2253, SB2268, SB2322, SB2323, SB2332, SB2349, SB2371, SB2533, SB2570, SB2601, SB2626, SB2692, SB2705, SB2717, SB2774, SB2788, SB2877, SB2920, SB2, SB260, SB1786, SB1, HJR4, SJR36, SJR50, SJR63, SJR85, SJR84, SCR12, SCR39, SCR38, SCR42, SCR29, SCR4, SCR18, SCR43, SCR46, SB2023, SB825, SB2010, SB1870, SB62, SB666, SB847, SB284, SB854, SB1073, SB810, SB1539, SB1505, SB583, SB957, SB1502, SB507, SB1026, SB1349, SB1433, SB1434, SB1376, SB1585, SB1772, SB2016, SB1163, SB619, SB1122, SB732, SB731, SB397, SB508, SB1436, SB287, SB261, SB1882, SB618, SB393, SB1791, SB826, SB1257, SB870, SB529, SB209, SB1883, SB2024, SB2429, SB1999, SB511, SB2309, SB510, SB1860, SB2037, SB1924, SB2253, SB2018, SB2206, SB1963, SB1643, SB1299, SB841, SB668, SB584, SB1085, SB2431, SB1490, SB1868, SB2314, SB434, SB2046, SB1667, SB1727, SB2127, SB1975, SB1760, SB1734, SB1335, SB2246, SB2439, SB1624, SB1244, SB1468, SB2717, SB1612, SB1262, SB604, SB2395, SB1832, SB1745, SB1746, SB2207, SB1784, SB1524, SB528, SB437, SB269, SB1137, SB968, SB636, SB747, SB1325, SB1789, SB1455, SB2056, SB1940, SB2052, SB1579, SB2068, SB3034, SB844, SB1920, SB1558, SB1236, SB1044, SB884, SB463, SB227, SB240, SB517, SB1200, SB1410, SB1626, SB1845, SB1863, SB2216, SB2681, SB1717, SB2141, SB2323, SB2200, SB2332, SB2199, SB1642, SB1757, SB2050, SB1138, SB2626, SB2458, SB1864, SB2201, SB1862, SB1583, SB1055, SB2660, SB1898, SB2662, SB2161, SB2964, SB2881, SB1065, SB801, SB2743, SB2533, SB1413, SB2073, SB3014, SB3013, SB2774, SB2702, SB2629, SB2443, SB2349, SB2167, SB2145, SB2121, SB758, SB648, SB647, SB512, SB438, SB1721, SB2268, SB1495, SB2705, SB2366, SB1422, SB1369, SB1013, SB682, SB2692, SB2570, SB2797, SB2111, SB1896, SB1164, SB1020, SB663, SB2371, SB1152, SB2196, SB2383, SB2581, SB2798, SB330, SB646, SB843, SB1998, SB1418, SB2788, SB1169, SB2873, SB1754, SB1534, SB1718, SB2779, SB2004, SB1143, SB1756, SB912, SB2119, SB2032, SB527, SB1580, SB1952, SB2601, SB2322, SB2448, SB1777, SB1283, SB407, SB2392, SB2076, SB2786, SB3031, SB2877, SB2876, SB2284, SB2225, SB1540, SB2920, SB2929, SB1395, SB1972, SB2540, SB1183, SB2742, SB2595, SB2217, SB2117, SB715, SB2330, SB1964, SB1383, SB500, SB1640, SB39, SB2001, SB2080, SB2722, SB506, SB2514, SB2623, SB2658, SB1574, SB2900, SB23, SB2753, SB2398, SB401, SB1241, SB2927, SB2173, SB2538, SB898, SB467, SB1449, SB2529, SB1531, SB2846, SB2476, SB2031, SB986, SB1181, SB2075, SB2154, SB2864, HB135, HB1109, SCR48, SB31, SB2880, SB1359, SB2386, SB771, SB2844, SB2550, SB1351, SB1423, SB1931, SB2245, SB2589, SB2707, SB2807, SB2351, SB410, SB659, SB816, SB2776, SB2693, SB2580, SB1980, SB1886, SB1234, SB739, SB482, SB456, SB127, SB1666

Keywords: Texas constitutional amendment, property tax relief, school district taxes, ad valorem tax, homestead exemption, residence homestead, elderly homeowners, senior citizens, disabled homeowners, age 65 or older, school finance, tax exemption increase, local school taxes, property tax exemption, homestead tax relief, voter approval, school district revenue, tax rollback, disabled persons exemption, El Paso

Summary: The Senate opened with a quorum, an invocation by Rabbi Kelly Levy, a gubernatorial message naming appointees to the Red River and Nueces River Authority boards, and several ceremonial recognitions, including Texas Woman’s University athletes, the Doctor of the Day, Balch Springs Day, St. Mary’s University, Austin Oaks Church’s centennial, and a memorial resolution for Marie Flickinger, which was adopted after remarks from members and a moment of silence. The chamber then moved to the calendar and took up a series of bills and resolutions. Several measures dealing with water and taxes were passed: Committee Substitute for SB 1413 on procedures for amending or revoking certificates of public convenience and necessity for certain water utilities; SB 1583 on groundwater conservation district management plans, amended by Blanco; SB 23 and SJR 85 to increase the school district homestead exemption for elderly and disabled homeowners, both passing with one nay; SB 2774 to classify industrial uniform and linen rental businesses as retail trade for franchise tax purposes; and SCR 29 designating El Paso as the official boot capital of Texas for 10 years. Members also adopted SCR 49 recognizing Austin Oaks Church’s 100th anniversary and SR 424 recognizing Balch Springs Day. The Senate also advanced a package of insurance and regulatory bills. Committee Substitute for SB 1643 would require prior approval from the Texas Department of Insurance for certain property and casualty rate changes over 10%, and Committee Substitute for SB 1642 would restructure TDI from a single commissioner to a three-commissioner model; both passed after debate about rising insurance costs, inflation, labor, reinsurance, and litigation. Committee Substitute for SB 1883, on land use assumptions, capital improvement plans, and impact fees, passed after discussion of transparency and local development costs. SB 826, enhancing penalties for DWI in an active school zone, passed with strong support. Two other controversial measures were also advanced: Committee Substitute for SB 1257, requiring health plan coverage for complications, reversals, and related care tied to gender transition procedures, passed to engrossment but was held there after a 20-11 vote; and Committee Substitute for SB 2024, banning disguised vape pens and, by amendment, hemp vape pens and other intoxicating-substance vape pens, passed. The final item shown was Committee Substitute for SB 240, the Texas Women’s Privacy Act, which was laid out by Senator Middleton and described as restricting access to sex-specific private spaces in public facilities based on biological sex, with civil penalties for violations; the transcript cuts off during the presentation of that bill.

Transcript Highlights:

• He added that the bill would authorize a warrant from the Education Trust Fund surplus to make up the
• the previous year the state ended up with $125 million, and he thought $100 million would be the surplus
• to<00:15:02.320> be<00:15:02.720> is<00:15:03.120> the<00:15:03.240> surplus
• $100 million going to be is the surplus $100 million going to be is the surplus of<00:15:03.759>

Keywords: 1191, senate, all

Transcript Highlights:

• I keep thinking back about just, you know, this humongous surplus that we had in our state and just the
• Within the budget, there was a projected surplus of $355 million by the end of fiscal year 2029.
• within the budget there was<00:43:45.400> a<00:43:45.559> projected<00:43:45.960> surplus
• /c><00:43:46.400> of<00:43:46.559> 355<00:43:47.400> Million was a projected surplus
• of 355 Million was a projected surplus of 355 Million by<00:43:47.960> the<00:43:48.040> end

Keywords: 1183, house

Summary: The House Committee on Human Services Finance and Policy met to approve prior minutes and then take public testimony on the governor’s budget recommendations for human services. The chair explained the hearing format and noted that DHS declined to testify. Much of the testimony focused on proposed reductions or caps affecting disability waiver services, nursing homes, and elderly waiver programs, as well as related fee and tax changes in the budget. Representatives of ARM argued that the governor’s proposal would cap inflationary adjustments at 2%, limit rate exceptions, cap billable days, and restrict individualized home supports, which they said would worsen workforce shortages, reduce wages for direct support professionals, and destabilize disability services. They said the package would cut about $600 million over four years and could lead to group home closures, higher turnover, and families losing access to local homes and services. Committee members asked about real-world impacts and future rate adjustments, and ARM responded that providers have already planned around expected 2026 rates, so a cap would create immediate budget and staffing problems. Long-Term Care Imperative testified against nursing home-related cuts, saying the budget would cap future rate increases, limit health insurance costs in rate setting, phase out closure-related agreements and incentives, and fail to fully fund the Nursing Home Workforce Standards Board. They estimated the nursing home provisions could amount to a $218 million cut over four years, or roughly $350 million when combined with other underfunding, and said every nursing home and bed in Minnesota would be affected. They also criticized the lack of an inflation factor in Elderly Waiver, a proposed 54% increase in assisted living fees, and possible changes to provider-assessed fine and penalty funds. Members asked about staffing and bed availability, and the testifiers said reduced funding would likely force more beds out of service. A later testifier, Dan Andre of the Minnesota Council of Health Plans, raised concerns about the DHS budget’s proposed increase in the HMO surcharge and about carving pharmacy and non-emergency medical transportation benefits out of managed care. He argued the tax increase would raise premiums for fully insured and Medicare supplement enrollees and that managed care coordination helps members access care and medications. The hearing also included one unrelated, disruptive testimony about the Minnesota Sex Offender Program and other agencies, which the chair redirected back to the human services budget. No votes or formal actions were taken beyond approving the minutes and receiving testimony.

Transcript Highlights:

• And now we're looking at a $6 surplus.
• We had an $18 billion surplus two years ago.
• And some of that money that they wasted of the surplus was to fund health care for illegal immigrants
• We had an $18 billion surplus forward.
• We had an $18 billion surplus two<02:21:15.200> years<02:21:15.399> ago.

Keywords: 1187, senate, all

Transcript Highlights:

• There's a projected surplus of 31,459 full-time equivalent nurse practitioners by 2036.
• My question is specifically about the surplus of nurse practitioners in 2036.
• Yes, I would like to address the concern about a surplus.
• The surplus touched on by Dr. Campbell showed that the surplus in 2036 of APRNs...
• But in 2022, that surplus was 8,100, and 93% of the APNs in Texas practice in the top five most populous

Bills: SB1888, SB3003, SB2417, SB2459, SB3055, HB1393, HB2884, SB2943

Keywords: grand jury, jury qualifications, jury wheel, small counties, Texas legislation, age verification, obscene devices, online sales, juvenile protection, penalties, antitrust, attorney general, Texas Free Enterprise, business regulations, legal confidentiality, personal identifying information, data brokers, judicial safety, civil rights, data privacy

Transcript Highlights:

• able to save because they qualified as uses for the relief money, and so that gave us a significant surplus
• We're not talking about the surplus against a lot of headlines, right?

Bills: SJR4, SJR 4

Keywords: economic stabilization fund, state finance, constitutional amendment, budget management, financial security, term limits, state offices, governor, lieutenant governor, election reform, 1184, house, all

Transcript Highlights:

• We also have copies of a surplus statement. It's a letter-size.
• We also have copies of a surplus statement. It's a letter-size.
• also have copies of a surplus statement. also have copies of a surplus statement.
• But again, changing the 2025 number also starts changing calculations in LBA in terms of the surplus
• But again, changing the 2025 number also starts changing calculations in LBA in terms of the surplus

Keywords: 928, house, all

Summary: The Committee of Conference on HB 1 and HB 2 was called to order, and Legislative Budget Assistant Michael Kaine reviewed the working documents before the committee. He explained the compare report, the detailed change sheet, the HB 1 index, the HB 2 side-by-side, the surplus statement, and a revenue handout, noting that the committee would vote up or down on all detail-change items and that unresolved items on hold would be removed from the final bills. He also identified staff available to answer technical questions and noted that the committee would track the dollar impact of decisions as it proceeded. Members then turned to the revenue outlook, with discussion focused on the gap between the House and Senate budget positions. House members said their budget guidance was based on revenue estimates that were significantly below the governor’s proposal, and they discussed whether additional revenue could close part of the gap. Department of Revenue Administration Commissioner Lindsey Stepp presented updated revenue estimates based on May data, explaining the methodology and the ranges for fiscal years 2025, 2026, and 2027. She said business taxes were the largest source of uncertainty, with estimates reflecting current economic conditions, recent revenue performance, and a range of possible growth rates. Committee members questioned the assumptions behind the business-tax ranges, including why the low and high scenarios were set at 2% and 8% growth. Stepp said the range was based on historical performance and current economic factors such as inflation, tariffs, and business behavior, and she noted that June is a major estimate-payment month for business taxes. Members also discussed recent revenue trends, including the effect of tariffs and the possibility of federal tax policy changes affecting repatriated profits. The commissioner and House members also discussed other revenue sources, including rooms and meals and real estate transfer taxes, with the House side arguing that lower mortgage rates and home prices could increase real estate transfer revenue. No votes were taken in the portion provided, but the committee discussed possible upward adjustments to House revenue assumptions, including increases of roughly $70 million in total based on the updated outlook and additional insurance-related revenue.

Transcript Highlights:

• that comes to the fore when we're experiencing these labor force shortages, because there are not a surplus
• that comes to the fore when we're experiencing these labor force shortages, because there are not a surplus
• that comes to the fore when we're experiencing these labor force shortages, because there are not a surplus
• that comes to the fore when we're experiencing these labor force shortages, because there are not a surplus
• that comes to the fore when we're experiencing these labor force shortages, because there are not a surplus

Keywords: 1187, senate, all