Video & Transcript Research : 'CAP'

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FL

Florida 2026 Regular Session

FL House Floor Session - 2026-01-15 (10:00AM Session)

Florida House Floor Meeting

Transcript Highlights:
  • The Wrongful Death Act does not have any monetary caps on damages.
  • The Wrongful Death Act does not have any monetary caps on damages.
  • That was simply about raising caps.
  • That doesn't have anything to do with access; it has to do with caps.
  • And caps have been deemed unconstitutional. That's why there are no caps on this bill.
Summary: The House convened with prayer, the Pledge of Allegiance, and quorum established, then adopted the Rules and Ethics Committee’s special order report for the day. The chamber first took up HB 167 on former phosphate mining lands. Sponsor Rep. McClure said the bill would remove strict liability for previously mined phosphate lands if a Department of Health study is done at the owner’s request and the former mining status is recorded publicly. Opponents, including Reps. Cross, Nixon, and Eskamani, argued the bill did not provide enough notice to future buyers and renters and could create health and disclosure concerns. The bill passed 87-24. The House then passed HB 145 on suits against the government, which Rep. McFarland said updates Florida’s sovereign immunity caps for the first time since 2010, raising them to $500,000 per person and $1 million per incident with future automatic increases, aligning the statute of limitations with private claims, and allowing governments to settle above the caps if they choose. He said the bill would make redress more accessible without eliminating the liability shield. The bill passed 104-7. The chamber then considered CS/HB 289 on civil liability for the wrongful death of an unborn child, a bill by Rep. Greco that would amend the Wrongful Death Act to allow parents and other survivors to bring claims for the death of an unborn child, while exempting the mother and lawful medical care provided within the standard of care. Debate centered on whether the bill could affect abortion access, fertility treatment, miscarriage care, surrogacy, and liability for doctors, friends, family members, and others. Multiple amendments were offered to narrow the bill or add carve-outs for abortion, fertility care, surrogates, perinatal professionals, rape/incest/human trafficking situations, and to require the mother’s consent before suit; sponsors and opponents argued over whether these changes would prevent frivolous lawsuits or instead create loopholes and weaken the bill. None of the amendments were adopted during the portion of the transcript provided.
HI

Hawaii 2025 Regular Session

HSH Public Hearing - Tue Jan 28, 2025 @ 9:00 AM HST

Human Services & Homelessness

Transcript Highlights:
  • However, there's a cap on the percent of expenses that you can claim that's still stuck at a very low
  • However, there's a cap on the percent of expenses that you can claim that's still stuck at a very low
  • For example, if pre-K tuition for the year is $110,000, the cap on the percent means that you can only
  • on the percent um however there's a cap on the percent of<00:40:39.520> expenses<00:40:40.119
  • on the percent means $110,000 the cap on the percent means that<00:41:01.480> you<00:41:01.599
Keywords: 910, house, all
Summary: The committee heard testimony on several measures related to housing, homelessness, caregiving, and tax relief. On HB 431, which appropriates funds for the CAL initiative and HHFDC, the Department of Human Services supported the bill and noted the Governor’s request for $50 million per year for HMS, the need for more permanent supportive housing, and a technical issue with establishing a special fund in session law. The Statewide Office on Homelessness and Housing Solutions strongly supported the measure, describing it as unprecedented funding for CAL projects and linking it to goals of reducing homelessness and expanding housing inventory. Catholic Charities Hawaii, the ACLU of Hawaii, and the Reimagining Public Safety in Hawaii Coalition also supported the bill, emphasizing permanent supportive housing, diversion from jail, and public safety benefits. The chair redirected one testifier to stay on the measure when testimony drifted to another program. Written support was also noted from several organizations and agencies. The committee then heard HB 225 on squatting. DHS said it appreciated the intent and deferred to the Attorney General and task force members, while noting that outreach on public lands differs from private land, where owner consent is required. The Office of the Public Defender supported the bill and wanted a voice in finding a solution. The Statewide Office on Homelessness and Housing Solutions also said it supported the intent, while opposition from the Kingdom of the Hawaiian Islands and support from one individual were noted. For HB 280, which would make the community outreach court permanent and appropriate funds, the Judiciary strongly supported the bill, describing the court as a mobile, community-based program serving vulnerable populations and connecting participants to services. The Office of the Public Defender also supported the measure, saying the program has helped people move off the streets and into stable housing and that permanent funding would allow expansion. Written support from the Hawaii Substance Abuse Coalition was noted. The committee then moved to HB 71, creating a refundable family caregiver tax credit, where the Department of Taxation provided comments, the Executive Office on Aging and AARP Hawaii supported the measure, and the Tax Foundation of Hawaii raised concerns about duplication with an existing dependent care credit and the lack of incentives for cost control. The committee next heard HB 753, which would increase the applicable percentage for the household and dependent care services tax credit. Support came from the Executive Office on Aging, Catholic Charities Hawaii, AARP Hawaii, and Hawaii Children’s Action Network, while the Tax Foundation again raised technical concerns about complexity and administration but noted the bill adds guardrails against abuse. No votes were taken during the portion of the hearing provided.
HI

Hawaii 2026 Regular Session

HHS-WLA-HWN, AEN-HWN, HWN DEFER, HWN Public Hearings 02-12-2026

Health and Human Services

Transcript Highlights:
  • . >> And we've never, um, there's a cap, there's an annual cap on the amount that's $7 million per year
  • , and we've never got anywhere close to that cap in terms of issuing or certifying qualified agricultural
  • >> Less than 10. >> And we've never, um, there's a cap, there's an annual cap on the amount that's $7
  • million per year, and we've never got anywhere close to that cap in terms of issuing or certifying qualified
  • >> Less than 10. >> And we've never, um, there's a cap, there's an annual cap on the amount that's $7
Keywords: 912, senate, all
Summary: The Triple C committee heard SB 2799, relating to the Kalopa settlement. Testimony was largely supportive, with several individuals and homestead organizations urging passage and asking that Hawaiian Homes Commission, HHCA beneficiaries, and community representatives be included in transition planning. The Department of Health opposed the added reporting requirement as unnecessary and argued its role is limited to patient care, while committee members pushed back and emphasized the need for broader community input and landowner participation, especially from DHHL and DLNR. The chair recommended passage of SB 2799 unamended, with a committee report noting that the required May report should include the interagency transition working group timeline, proposed budget, and proposed procedures. The recommendation was adopted unanimously by the committees present. The joint agenda also took up SB 2887, which would expand the important agricultural land qualified agricultural tax credit to include Hawaiian homelands used for subsistence or agricultural/pastoral purposes and broaden eligible costs to include orchard or fruit-bearing crops and clearing former sugar and pineapple lands. The Department of Land and Natural Resources supported the concept but requested amendments; the Department of Taxation and Department of Agriculture provided comments and information on administration and existing claims. The Hawaii Farm Bureau supported the intent but argued the bill should create a new tax credit in Chapter 235 rather than fold DHHL lands into the existing IAL credit. After discussion, the chair recommended passage with the Hawaii Farm Bureau’s amendments and technical changes, and both committees adopted that recommendation. The Hawaiian Affairs committee then acted on several bills. SB 1406, SB 521, and SB 1654 were deferred indefinitely because the chair said related work was already underway and the committee wanted to avoid duplicative paperwork. SB 3247, relating to Mona Ala/Royal Mausoleum, was amended to convert the proposal into a Royal Mausoleum Working Group with periodic reporting and stakeholder input, and it passed with amendments. SB 112, SB 131, and SB 2443 were advanced with amendments that primarily deferred effective dates to keep the measures moving while discussions continue. The committee also noted that some measures were being deferred or reshaped to align with ongoing administrative or companion-bill processes, and the amended recommendations were adopted by the members present.
FL
Transcript Highlights:
  • I didn't know the ACLU has a stance on caps, on value of life or damages.
  • Could you let me know what the ACLU's position is on damages and caps?
  • What the ACLU's position is on damages and caps and various types.
  • So what should the cap be? This is about whether or not.
  • The cap, what's the, what's the economic value?
Summary: The committee heard a lengthy presentation from Miami-Dade State Attorney Catherine Fernandez-Rundle on human trafficking, describing it as a major criminal enterprise in Florida driven by online recruitment, local victims, and organized traffickers. She outlined Miami-Dade’s task force, victim-centered prosecution practices, training efforts for schools, hotels, transit workers, and other partners, and community-supported services such as the Project Phoenix shelter and Thrive Clinic. She also urged better interstate communication about known traffickers and noted that prior legislative changes, including restrictions on tattooing minors, came from trafficking cases. Senators asked about school-based exploitation, technology and social media recruitment, and information-sharing with other states; Fernandez-Rundle said training and technology remain essential and offered to share materials and tour the facility. The committee then considered CS for SB 656, which Senator Bradley said would codify FDLE’s Internet Crimes Against Children Task Force funding program and rename/expand the online sting operations grant program to better support investigations, training, technology, and personnel. The bill was supported as a needed response to online child exploitation and was reported favorably by unanimous roll call. The committee also passed SB 892 by Senator Martin, which streamlines sentencing procedures for habitual felony offenders and related designations by reducing paperwork delays tied to clemency and requiring clearer notice before pleas; it too was reported favorably unanimously. The most extensive debate centered on SB 164, which would expand Florida’s Wrongful Death Act to allow civil damages for the death of an unborn child. Senator Graal said the bill uses existing statutory language defining an unborn child and is intended to let parents recover damages when negligence causes a pregnancy loss. Supporters argued it recognizes unborn life and should be strengthened; opponents warned it would function as a personhood measure, create liability risks for doctors, businesses, friends, and family members, chill miscarriage and abortion-related care, and worsen Florida’s OB-GYN shortage. Several speakers raised concerns about abuse by rapists or abusive partners and about impacts on IVF and emergency care. The committee heard extensive questioning about the bill’s scope and its relationship to existing criminal statutes, but no vote on SB 164 was taken in the portion provided.
NM

New Mexico 2025 Regular Session

IC - Legislative Finance Nov 20th, 2025

Transcript Highlights:
  • So, another impressive bullet in New Mexico's cap. Impressive bullet in New Mexico's cap.
  • I'm sorry, bullet—mixing my metaphors—feather in New Mexico's cultural cap.
  • So we don't have any cap on what the legal fee could be? Mr.
  • And do the independent providers have caps? Mr.
  • And even the attorney fees are capped in the Workers' Compensation Fund.
MN

Minnesota 2025-2026 Regular Session

Committee on Agriculture, Veterans, Broadband and Rural Development - 03/10/25

Agriculture, Veterans, Broadband, and Rural Development

Transcript Highlights:
  • the production cap of 23,7 50<00:04:00.519> mm<00:04:00.920> BTUs<00:04:01.599> of<
  • /c> 50 mm BTUs of B of advanced biofuels 50 mm BTUs of B of advanced biofuels that<00:04:04.079> cap
  • was put into place to ensure that cap was put into place to ensure that<00:04:06.000> only<00
  • are now being denied because the plants are now being denied because the production<00:04:34.520> cap
  • <00:04:34.919> being<00:04:35.160> interpreted<00:04:35.720> to production cap
Keywords: 1187, senate, all
NH

New Hampshire 2026 Regular Session

House Committee on Housing (01/22/2026)

Housing

Transcript Highlights:
  • <01:45:19.119> on the bill does not specify any caps on the bill does not specify any caps
  • I just want a live with a cap. I just want a reasonable<01:54:24.480> cap.
  • So, I just want I just reasonable cap.
  • The one-space cap does not abolish parking.
  • It does cap does not abolish parking.
Keywords: 1189, house, all
CA
Transcript Highlights:
  • You've given notice to the Legislature to be able to take out a loan up to the 10% cap.
  • You've given notice to the Legislature to be able to take out a loan up to the 10% cap that's outlined
  • cap payment that we pay them, we deemed as being reasonable.
  • total cap payment that we pay them, we deemed as being reasonable.
  • So the 1% is truly a cap, and we would be setting a fee that would only cover our operating costs.
Summary: The committee heard a budget oversight hearing on the Department of Health Care Services, focusing first on the overall Medi-Cal budget and a March General Fund loan to cover a current-year shortfall. DHCS said the 2025-26 budget proposal totals $193.4 billion, with Medi-Cal projected at $188.1 billion total funds and $42.1 billion General Fund, driven by higher enrollment, pharmacy costs, managed care growth, and costs tied to eligibility expansions and the COVID-era redetermination unwinding. The department said the $3.44 billion loan was needed to manage cash flow and ensure timely payments to providers and plans, while the LAO noted Medi-Cal’s cash-basis budgeting creates volatility and that more detailed estimates would come with the May Revision. Members discussed federal Medicaid threats, the need for transparency on cost drivers, and the impact of pharmacy spending, long-term care, and immigration-related coverage expansions. The second major topic was family health programs, including California Children’s Services, the continuous coverage unwinding, and opioid settlement fund spending. DHCS described CCS funding methodology changes, ongoing county stakeholder work, and a delayed rollout of CCS monitoring and oversight until July 1, 2025, while county representatives and advocates argued the program is underfunded and asked for more technical assistance and a delay in implementation. On the unwinding, the department explained that federal redetermination flexibilities helped maintain coverage after the pandemic, but the Governor’s budget proposes ending them at the end of June 2025; advocates urged making the flexibilities permanent to avoid coverage losses. For opioid settlement funds, DHCS and Finance said the budget increases funding for naloxone distribution while reducing other harm-reduction spending based on updated settlement revenues, prompting criticism from members and public commenters who argued the change would weaken effective harm-reduction programs. The hearing also included an update on Proposition 35 implementation. DHCS said the voter-approved measure continuously appropriates MCO tax revenues beginning in 2025, with up to $4.6 billion annually available for specified Medi-Cal and provider investments in 2025 and 2026, but implementation depends on consultation with the required stakeholder advisory committee. The department and LAO noted uncertainty about future federal rules affecting the MCO tax after 2026. Public testimony largely supported maintaining Medi-Cal expansions, protecting immigrant coverage, preserving harm-reduction funding, and increasing support for community health workers, pediatric dental care, and CCS county administration. No votes were taken during the portion of the hearing provided.
AL

Alabama 2026 1st Special Session

Alabama House Apr 2nd, 2026

Alabama House Floor Meeting

Transcript Highlights:
  • My concern is these gas wells and oil wells were capped for some reason. So, why were they capped?
  • Well, I think once they're finished getting the oil reserve out of it, then they cap it off so that,
  • <01:20:54.880> What<01:20:55.040> will look like once it's capped.
  • What will look like once it's capped.
  • Not the process of approval, but the process of capping and repurposing.
Keywords: 1136, house, all
NH

New Hampshire 2025 Regular Session

House Finance (03/31/2025)

Transcript Highlights:
  • It increases the FY 26 cap from 350% to 400% of the federal poverty guidelines and removes the cap completely
  • It increases the FY 26 cap from 350% to 400% of the federal poverty guidelines and removes the cap completely
  • This is the appropriation cap on local school district budgets.
  • This is the appropriation cap on local school district budgets.
  • <04:19:16.000> on disparity Aid and the cap on disparity Aid and the cap on the<04:19:18.399
Keywords: 928, house, all
Summary: The Finance Committee met to review Division One of a very large budget package, with the chair explaining that the budget was being analyzed in three divisions over multiple days. Members first discussed procedure, including when amendments and line-item votes would be taken, and agreed to proceed with the division’s presentation before questions. Representative Maguire then outlined the division’s approach as a series of tradeoffs to close a large budget gap, emphasizing cuts, some revenue changes, and a focus on overall spending levels as well as individual reductions. The presentation covered a wide range of agencies and policy areas. Major proposed changes included cuts or eliminations to several boards and commissions viewed as costly or duplicative, such as the Housing Appeals Board, Board of Tax and Land Appeals, Human Rights Commission, Commission on Aging, Office of the Child Advocate, and the Personnel Appeals Board, with some functions consolidated into other boards. The division also proposed back-of-the-budget cuts to the Information Technology Department, Judicial Branch, Justice Department, Retirement System, Corrections, and Environmental Services, along with fee increases in several areas. Other notable items included ending marketing for Paid Family Leave, reducing job advertising and tourism promotion, defunding the Arts Council, moving liquor enforcement functions out of the Liquor Commission, and shifting some funds such as the College Savings Commission money to Division Two. Several members questioned specific cuts, especially the elimination of the Council on Aging, the reduction in regional planning commission grants, and the large cut to tourism advertising. Maguire defended the choices as necessary budget tradeoffs, arguing that some programs duplicated work done elsewhere, that regional planning grants were not among the most essential items, and that tourism promotion was a form of spending he viewed skeptically. He also explained that the public defender’s budget was partially restored after a credible claim of a governor’s budget error, and that the committee would continue refining corrections-related cuts because the House was only halfway through the budget process and further changes could still occur in the Senate and conference committee.
MO

Missouri 2026 Regular Session

Rules - Legislative May 12th, 2026

Rules - Legislative

Transcript Highlights:
  • Yeah, one of the things about the historical act that's in statute today is the annual cap on the net
  • So the $6 million cap that started out, there was an escalator: if that $6 million of credits was claimed
  • in one year, then there would be a 20% increase in that cap.
  • So the $6 million cap that started out, there was an escalator: if that $6 million of credits was claimed
  • in one year, then there would be a 20% increase in that cap.
Keywords: 959, house, all
FL

Florida 2026 5th Special Session

Finance and Tax Feb 25th, 2026

Transcript Highlights:
  • advance net zero policies, and implementing, administering, or enforcing a program that functions as a cap-and-trade
  • advance net zero policies and implementing, administering, or enforcing a program that functions as a cap-and-trade
  • mobile homes, are year-round permanent residents and maybe should be considered to be taxed at the cap
  • That's something that I'd love for us to provide relief to some of the mobile homeowners and to cap their
  • That's something that I'd love for us to provide relief to some of the mobile homeowners and to cap their
Summary: The Finance and Tax Committee met with a quorum present and took up two bills. The first, SPB 7046, was the Senate tax package. It included changes to Live Local property tax opt-outs, charter school distributions from voter-approved property tax levies, RV park special assessments, fiscally constrained county funding, a permanent sales tax exemption for small propane tanks, a hunting/fishing/camping sales tax holiday, and provisions barring governmental net zero policies. An amendment made the charter-school distribution change prospective starting July 1, 2026. Committee discussion focused heavily on whether the charter-school language would divert money from traditional public schools and on the fiscal-constrained county formula. The bill was reported favorably as a committee bill after a roll call vote, with Senators Bernard and Jones voting no. The committee also considered SPB 7048, which updates Florida’s conformity to the Internal Revenue Code as of January 1, 2026 and partially decouples from federal tax changes in the One Big Beautiful Bill Act. The bill addresses bonus depreciation, research and experimental expenses, business meal deductions, and the business interest deduction, with the Revenue Estimating Conference expected to review the fiscal impact later in the week. The Florida Chamber testified that the bill should better align with federal tax relief and reduce administrative burdens, while senators emphasized the need to balance business tax relief with state revenue constraints. SPB 7048 was also reported favorably as a committee bill by roll call vote.
FL

Florida 2026 Regular Session

Education Pre-K - 12 Jan 20th, 2026

Education Pre-K - 12

Transcript Highlights:
  • This is with a negotiation with myself in the House where we put a cap.
  • So this amendment adds a $15,000 cost cap on personal funds, which may be used by a coach per team per
  • Senator, I appreciate the notion of a cap.
  • Is there any the notion of a cap, is there any limit or is there any guardrail on where the funds might
  • So what you're doing with this bill and removing those artificial caps allows districts to respond to
Summary: The Education Pre-K through 12 Committee considered and reported favorably several bills. SB 1036 on school counselors was amended to clarify certification exemptions and passed, with support focused on addressing counselor shortages and student mental health needs. SB 1136 on dental screenings for K-12 students was converted by delete-all amendment to place the screening definition in the School Health Services Act and to require written parent notice and exemption procedures; it passed with support from PTA and other advocates. SB 920 on mathematics education passed after discussion of applied algebra courses tied to career pathways, while preserving Algebra I standards, end-of-course testing, graduation requirements, and university admission eligibility. SB 178 on athletics and public K-12 schools also passed after amendment adding a $15,000 annual cap on coach-provided personal support per team and discussion of guardrails to prevent recruiting abuses; members emphasized the role coaches play in supporting students. SB 1216 on public school personnel compensation passed with broad support for giving districts more flexibility on pay, cost-of-living adjustments, and advanced degree compensation. The committee also approved SPB 7022, a public records exemption bill extending protections for examination and assessment instruments to 2031 and clarifying coverage for district and school materials. SB 464 on observance of Veterans Day in K-12 schools passed after debate over whether schools should be closed or use the day for programs, with supporters arguing for statewide consistency and honoring veterans. Finally, SB 538 on physical education passed after a delete-all amendment establishing standardized extracurricular participation rules for public, private, virtual, and home education students, addressing coach compensation at the district level, and clarifying participation limits across schools. The committee recessed briefly for Senator Avila’s arrival, postponed SB 430, and adjourned after recording one additional favorable vote on SB 1036.
NM

New Mexico 2025 Regular Session

IC - Federal Funding Stabilization Subcommittee May 28th, 2025

Federal Funding Stabilization Subcommittee

Transcript Highlights:
  • The third option would be to establish caps on federal spending. This would be a block grant.
  • Another form of a block grant are what are called per capita caps.
  • They may cap it at $25,000 and say anything above that on average, you've got to pick up the cost for
  • They could cap, you know, the average cost of an expansion population client at $5000.
  • And so on average if we would exceed that cap, then we would have to pick up the tab.
AL

Alabama 2025 Regular Session

Alabama House Ways and Means Education Committee Apr 2nd, 2025

Ways and Means Education

Transcript Highlights:
  • This bill has a cap of the total credits under this bill, which would be $20 million in 2026 going to
  • I want to mention that the fiscal note, of course, is with... there's a cap of $20 million in year 1,
  • So the $20 million cap is $10 million out of the ETF and the other would come out of the general fund
  • served in education for the past 30 years, 10 of those years in K-12 and 20 in higher education, capping
  • Capping that career as the interim Dean in the College of Education at Athens State University.
Bills: SB1, HB176, HB86, SB1, HB176, HB86
NM

New Mexico 2025 Regular Session

IC - Legislative Health and Human Services Oct 7th, 2025

Legislative Health & Human Services Committee

Transcript Highlights:
  • There is a $750,000 cap on non-economic damages.
  • On that same slide as well, how did we arrive at the actual money damages not having a cap?
  • As I understand it, the $750,000 cap on non-economic damages is in the New Mexico Malpractice Statute
  • So then I guess are you suggesting staying with the status quo when it comes to caps in New Mexico?
  • on, on, uh, non-economic damages or certainly not impose a cap on total damages.
NM

New Mexico 2025 Regular Session

IC - Revenue Stabilization and Tax Policy Aug 14th, 2025

Revenue Stabilization & Tax Policy Committee

Transcript Highlights:
  • Section 164B, this is a cap. This is the cap on the state and local tax deduction. So, um.
  • About this SALT cap, when this came into being, so the federal government has always allowed a deduction
  • So the taxpayers within that state can no longer deduct their tax above this limit, but the cap does
  • To the SALT cap, but they didn't end up enacting that.
  • These pass-through entity taxes, their workarounds for the SALT deduction cap, did not get enacted.
US
Transcript Highlights:
  • I want to ask you about the oil price cap, which is in place.
  • Do you agree that we should maintain the oil price cap on Russian oil?
  • Understand the logic behind the price cap, I'm a little reluctant to give you a blanket say that this
  • But on the sanctions, on the oil price cap, I'm asking because there has been some talk in the press,
  • you may be aware of it, that the Trump administration may decide to abandon the oil price cap.
Summary: The meeting involved significant discussions around key legislative proposals, primarily focusing on various bills such as HB2 and SB5. The committee examined the implications of these bills on issues like housing affordability and financial regulation. Notable members engaged in debates, providing differing perspectives on the potential economic impacts of the proposed bills. The meeting witnessed public testimony, which included a call for accountability in government actions and oversight of current financial policies. Members echoed concerns about following through on commitments to address critical issues affecting everyday Americans.
FL

Florida 2025 Regular Session

February 4, 2025 - 12:30 PM

Transcript Highlights:
  • The dark blue is the cap fund that represents the cap fund coverage.
  • What's the current status of the cap fund after you have dealt with all those different hurricanes?
  • Of the cap fund after you have dealt with all those different hurricanes. Mr. Syria, recognized.
  • Woodson, I'd have to get back to you on the cap fund numbers.
  • I can talk about the Citizens' numbers, but I'd have to get back to you on the cap fund numbers.
Summary: The Insurance and Banking Subcommittee received a lengthy presentation from Citizens Property Insurance Corporation CEO Tim Serio, with Insurance Commissioner Michael Yaworski also answering questions. Serio reviewed Citizens’ role as Florida’s insurer of last resort, its statutory funding structure, eligibility rules, depopulation program, reinsurance obligations, and the surcharge/emergency assessment mechanisms that can be used if Citizens runs a deficit. He emphasized that recent legislative reforms, combined with lower litigation and improved market conditions, have helped the private market recover and reduced Citizens’ policy count from a peak of about 1.41 million in 2023 to 936,182 at the end of 2024, with a projected drop to about 771,000 by the end of 2025. He also said the reforms reduced Citizens’ rate need and helped avoid an emergency assessment after the 2024 storms. Members asked about Citizens’ rate increases, why Citizens still seeks higher rates despite lower litigation, how the 20% eligibility threshold works, whether Citizens should be wind-only, and whether the state or federal government could help with deficits. Serio explained that Citizens is still charging below actuarially sound rates in most areas, that rate filings reflect reduced litigation and lower reinsurance exposure, and that assessments on all Florida property policyholders are the reason Citizens tries to build surplus and depopulate. He said the depopulation program is working better than in the past, with less than 2% of takeout policies returning to Citizens, and that the Office of Insurance Regulation has been vetting takeout companies more carefully. A substantial portion of the discussion focused on claims handling after Debby, Helene, and Milton, including flood-versus-wind disputes and Citizens’ use of the Division of Administrative Hearings for some claim disputes. Serio said Citizens had received 76,625 claims from the three storms and had paid nearly $823 million in indemnity and expenses as of January 7, 2025. He said many closed-without-payment claims were either below deductible, withdrawn, duplicate, or flood-only, and that Citizens had asked its internal audit function to independently review the claims data and denials. He also described Citizens’ storm outreach, catastrophe response centers, managed-repair program, and claim review process, and said the corporation remains focused on paying valid claims while minimizing the risk of assessments on the broader Florida market.
KY
Transcript Highlights:
  • That's kind of when we set tuition caps.
  • That's usually when you see, you know, the caps that we set.
  • :06.120> um<00:13:06.480> those<00:13:06.720> are know, the caps that we set, um
  • those are know, the caps that we set, um those are usually<00:13:07.560> That<00:13:07.800>
  • <00:45:47.080> KTG, you between that, you know, cap KTG, you between that, you know, cap KTG
Keywords: 958, all
Summary: The Budget Review Subcommittee on Education met for an overview of the Council on Postsecondary Education (CPE). After approving the prior meeting minutes, staff from CPE explained that the council was reconstituted in 1997 and serves as Kentucky’s statewide coordinating body for higher education, with responsibilities including advising the General Assembly and governor, coordinating the postsecondary system, supporting budget and performance funding work, and using data to track outcomes. They described Kentucky’s governance structure, including the KCTCS governing board, independent boards at public universities, and CPE’s role in licensing private institutions and overseeing transfer, closed-school records, and tuition approval. CPE staff emphasized statewide strategic planning and the “60 by 30” goal of having 60% of working-age Kentuckians hold a meaningful credential by 2030. They said the agency uses dashboards, KPIs, and peer comparisons to set targets for institutions and monitor enrollment, retention, and graduation. They also highlighted the Kentucky Graduate Profile, a voluntary effort to embed 10 essential workforce skills into general education and major programs, and noted ongoing work on academic program approval, performance funding, and a biennial budget request. The presentation also focused on student support and workforce alignment initiatives. Staff described the Kentucky Advising Academy, the Commonwealth Education Continuum, and the Kentucky Student Success Collaborative, which work with K-12 partners and campuses to improve advising, transfer, wraparound supports, and career planning. They also discussed GEAR UP, the Futurity career-planning platform, and efforts to connect education pathways to workforce needs, including healthcare, veterans, and other adult learners. CPE reported that student debt at graduation has fallen to $10,168 at public institutions and that six in ten Kentucky undergraduates graduate debt free.