Video & Transcript Research : 'irrevocable trust'

Page 50 of 445
NE

Nebraska 2025-2026 Regular Session

Legislative Morning Session Apr 17th, 2026

Nebraska Unicameral Floor Meeting

Transcript Highlights:
  • So why should the Affordable Housing Trust Fund discriminate?
  • I trust NIFA.
  • When we say that there is a waiting list, trust me, there is.
  • Thank you for electing me and trusting me with your vote.
  • You reminded me daily that public service is a sacred trust.
Bills: LR509, LR510, LR511
HI
Transcript Highlights:
  • Although I just met her today, I received strong recommendations from those I trust who have cultural
  • You know, I'm a kanaka uh oei and I really really want to trust in the office that of the affairs of
  • Um, and so here I am again like holding space for something so sacred, really wanting to trust in the
  • You know, I'm a kanaka uh oei and I really, really want to trust in the Office of Hawaiian Affairs.
  • And I really, really want to trust in the office that of the affairs of Hawaiians.
Keywords: 912, senate, all
Summary: The Committee on Hawaiian Affairs heard multiple gubernatorial nominations to island burial councils, with testimony focused on the importance of filling vacancies so the councils can reach quorum and fulfill their kuleana to protect iwi kūpuna and burial sites. For GM 674, Kavuna Khalipi was introduced as OHA’s nominee for the Molokaʻi burial council, with OHA, SHPD, and several community members testifying in support and describing her cultural grounding, community service, and experience in mālama ʻāina. Testifiers also stressed that burial councils are essential for protecting ancestral remains and that prolonged vacancies have left sacred sites vulnerable. Khalipi herself said she was honored to serve but expressed concern about accepting the appointment without quorum, saying she did not want to waste a term if the council could not function effectively. The chair explained the Senate advice-and-consent process and the consequences of inaction, and after discussion Khalipi asked to pull her nomination from the committee. The chair then deferred decision-making on GM 674 until April 10 at 1 p.m. to clarify the process and avoid unintended rejection. The committee then heard testimony on GM 676, Dane Maxwell for the Maui and Lānaʻi burial council, GM 677, Noani Parisa, GM 678, Caroline Hartman, and GM 679, Benedict Duman. Supporters, including SHPD and OHA, highlighted each nominee’s cultural knowledge, preservation work, genealogy, and experience with burial or historic preservation matters. Testimony repeatedly linked the nominations to the need for functioning burial councils, especially in light of the 2023 Maui fires and long-standing vacancies. No votes were taken during the portion of the meeting provided; the chair indicated votes would be taken at the end of the agenda.
NH

New Hampshire 2025 Regular Session

House Ways and Means (01/13/2025)

Transcript Highlights:
  • A general fund up $12.6 million for revenues and the education trust fund down $53.8 million.
  • $26.4 million in the education trust $26.4 million in the education trust fund<00:17:23.439>
  • 107.3 million um that education trust 107.3 million um that education trust fund<00:18:45.559>
  • to the 115 range at the education trust to the 115 range at the education trust fund<00:19:01.320
  • $26 million um on the education trust $26 million um on the education trust fund<00:23:48.400>
Keywords: 928, house, all
Summary: The committee meeting began with an overview from the Legislative Budget Assistant Office on how Ways and Means will work with agencies and leadership during the budget and revenue-estimating process. Staff explained that the governor’s budget is still being developed, agencies are cautious about going on record early, and the committee will use worksheets and updated fiscal reports to track estimates. The presentation emphasized that the fiscal year 2025 budget status is a point-in-time snapshot and remains fluid because the annual comprehensive financial report has been delayed, which could change the beginning balances for both the general fund and education trust fund. The budget update highlighted that the general fund is currently stronger than originally assumed, while the education trust fund is weaker. The speaker said the general fund began FY25 with a much larger balance than expected, while the education trust fund came in lower due to higher-than-budgeted adequacy spending and weaker business tax performance. Revenue trends showed the general fund slightly ahead year to date, but the education trust fund down significantly. The committee also discussed unbudgeted appropriations, including attorney general litigation, legal settlements, abandoned property claims, adequacy true-ups, and education freedom accounts, as well as the role of lapses and off-budget items in the final balance. Members asked about the delayed liquor commission audit and whether it could affect revenue forecasts. Staff said the delay was mainly caused by the commission’s switch in point-of-sale systems and staffing losses, but did not expect major ongoing reporting issues. They also noted that liquor fund variances are more likely tied to Medicaid expansion costs than to commission operations. The governor’s office was said to be working on possible budget reductions, but no January request to the fiscal committee was expected. Commissioner Lindsay Stepp of the Department of Revenue Administration then presented an overview of state revenue sources, focusing first on the meals and rentals tax. She explained that DRA administers 14 taxes that account for most state revenue, and that meals and rentals tax growth has slowed after strong post-pandemic gains. She described factors affecting the tax, including employment, inflation, fuel and food prices, wages, and weather, and noted that online platforms like Airbnb have improved compliance by collecting and remitting tax on behalf of hosts. Members asked about short-term rental compliance and how DRA identifies unlicensed rentals; Stepp said referrals, anonymous tips, and platform data help enforcement.
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Revenue Jun 21st, 2026 at 10:00 am

Joint Committee on Revenue

Transcript Highlights:
  • But, you know, the Portable Housing Trust Fund is directed toward producing affordable housing.
  • The climate half of the Ahead Act revenue would be deposited into the Global Warming Solutions Trust
  • I'm also a member of the Policy Committee of the Massachusetts Land Trust Coalition, an organization
  • I'm also a member of the Policy Committee of the Massachusetts Land Trust Coalition, an organization
  • We have Colin Novick, Greater Worcester Land Trust. Welcome. Good to see you.
Keywords: 995, all
Summary: The hearing opened with remarks from the co-chairs explaining committee procedures, testimony limits, submission instructions, and the new deadlines for acting on House and Senate bills. The committee then heard testimony on several bills related to agriculture, land use, environment, housing, transportation, and taxation, with legislators often taken out of turn. No votes were taken during the hearing. The first major topic was H. 3206, a bill to allow fossil fuel-free 529 college savings plans to qualify for the state tax deduction if MEFA does not offer a comparable option. Representative Steve Owens said the bill would not force MEFA or Fidelity to change existing plans, but would create a definition for fossil fuel-free funds and extend the deduction to qualifying out-of-state plans. The committee also heard strong local testimony on a Belmont home-rule petition, H. 3970, to change tax treatment for the Belmont Country Club under Chapter 61B. Belmont residents and officials argued the private golf course receives an unfair tax break that shifts costs to other taxpayers, while Senator Brownsberger and Representative Rogers supported the measure as a way to help the town recover revenue. Committee members asked about town meeting support, the club’s lack of payment in lieu of taxes, and the size of the tax savings. The committee next heard testimony on a vehicle miles traveled tax proposal, S. 1925, from Senator Barrett and economists Gilbert Metcalf and Christopher Knittel. They argued that declining gas-tax revenue and rising fuel efficiency, especially with electric vehicles, require a more stable transportation funding source; they also said a VMT tax could be designed to be revenue-neutral and mildly progressive, though members raised concerns about administration, fairness, EV disincentives, and the possibility of annual tax shocks. The largest block of testimony focused on the Ahead Act, H. 3194/S. 1973, which would double the deed excise fee and dedicate the new revenue to affordable housing and climate adaptation. Supporters from MACDC, MAPC, FICC, Boston Climate Action Network, CLF, 350 Mass, CHAPA, and a tenant advocate said the bill could generate about $300 million annually for housing production, vouchers, weatherization, resilience, and environmental justice communities, and that it links two urgent crises with a stable funding stream. The committee also heard testimony on the Conservation Land Tax Credit bills, H. 3147/S. 2083, which would raise the annual cap on the credit from $2 million to $5 million for three years and then sunset back down. Conservation groups and a landowner said the program has conserved thousands of acres and that the higher cap would reduce delays and help meet state conservation goals. Finally, the committee took testimony on the Fairness for Farm Workers bills, S. 2011/H. 3107 and S. 2012, which would extend overtime, minimum wage, breaks, and paid time off protections to farm workers and include a refundable tax credit to help farmers offset overtime costs. Senator Gomez and advocates described the bills as overdue civil rights and public health measures, citing low wages, long hours, dangerous conditions, and the racial history behind farm labor exclusions. The hearing also included testimony on H. 3240, a bill to give municipalities a local option vacancy tax on chronically vacant shopping malls, with the sponsor arguing it would help towns address blight, encourage redevelopment, and potentially create housing and tax revenue.
MN

Minnesota 2025-2026 Regular Session

Custodial accounts for virtual currency 3/3/26

Minnesota House Floor Meeting

Transcript Highlights:
  • They are trusted, relationship-based institutions that know their customers personally.
  • Can I work with someone I trust? Can I do this under Minnesota law and oversight?
  • While local institutions, despite being more trusted by consumers, are sidelined.
  • <00:03:35.760> This<00:03:36.000> bill without sacrificing trust.
  • This bill without sacrificing trust.
Keywords: 1183, house
Summary: The committee heard testimony on House File 3709, which would allow Minnesota banks and credit unions to offer custodial accounts for digital assets such as cryptocurrency. The bill authors said the measure is intended to let local financial institutions provide a regulated “digital safety deposit box” service, keeping innovation and consumer choice under Minnesota oversight rather than pushing customers to out-of-state or offshore providers. The Department of Commerce testified in support, saying it appreciates efforts to incorporate virtual currency into the regulatory framework and that the bill levels the playing field for trusted community institutions. Members and testifiers discussed whether the bill was really about consumer protection, institutional competitiveness, or both. Supporters from the Minnesota Credit Union Network and St. Cloud Financial Credit Union said the bill helps local institutions remain relevant as customers increasingly ask for crypto services, and one testifier said the credit union had seen significant liquidity leave local communities for exchanges. They also emphasized that the accounts are custodial, not exchange services, and are not NCUA-insured; one witness noted some institutions may obtain private insurance for risks like loss of keys or hacking. A Department of Commerce witness also said the agency is working on separate legislation to address unclaimed virtual currency property. Several members raised concerns about volatility, scams, and whether the bill simply helps banks stay relevant. In response, supporters argued that local institutions can provide a trusted point of contact and help customers avoid fraud, unlike stand-alone crypto exchanges or kiosks. The committee also discussed fees, with one witness saying the credit union’s expected charge would be percentage-based with a minimum of $5 and a maximum of $25. No vote or final action was taken in the portion provided.
NM

New Mexico 2025 Regular Session

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

Revenue Stabilization & Tax Policy Committee

Transcript Highlights:
  • It also goes to the early childhood trust fund, and I think now the behavioral health trust fund.
  • The unemployment insurance trust fund.
  • There's a new trust fund mechanism for that process.
  • Fund and your Medicaid Trust Fund.
  • Permanent funds create trust funds with general fund dollars.
CA

California 2025-2026 Regular Session

Assembly Education Committee Jun 17th, 2026

Education

Transcript Highlights:
  • The California School-Based Health Alliance knows that school-based health centers serve as a trusted
  • For many Black students, well, for many students, but especially Black students, trust matters.
  • Research consistently shows that students who have access to trusted adults at school are more likely
  • a student experience is just but especially black students, trust matters.
  • Research consistently shows that students who have access to trusted adults at school are more likely
Keywords: 988, house, all
HI

Hawaii 2026 Regular Session

EEP-WAL Joint Public Hearing - Wed Feb 18, 2026 @ 8:45 AM HST

Energy & Environmental Protection

Transcript Highlights:
  • Hawaiʻi's reefs are a public trust resource.
  • The prudent course trust resource.
  • So with that being said, um we trust So with that being said, um we trust what<01:10:34.480>
  • We trust what our kuna have told us.
  • trust in the foundation of management. trust in the foundation of management.
Bills: HB2101
Summary: The joint committees on Energy and Environmental Protection and Water and Land heard testimony on House Bill 21101, which would ban or otherwise end commercial aquarium collection. Chairs opened the hearing with a short time limit for testimony and noted they would move to decision-making before the next committee meeting. The Department of Land and Natural Resources said it appreciated the bill’s intent and stood on written testimony, while the Office of Hawaiian Affairs strongly supported the measure as part of its legislative package, citing community calls to ban the practice. Many other organizations and individuals also testified in support, including environmental, Native Hawaiian, and community groups, with arguments focused on reef protection, public trust, cultural concerns, and the view that the trade is extractive and not sustainable. Supporters repeatedly cited declines in yellow tang and other reef fish, especially on West Hawaii and Oahu, and argued that reef recovery has not occurred where collection pressure existed. Several testified that legal aquarium collection has not occurred in West Hawaii since 2017 or on Oahu since 2021, and that the state should not reopen an industry that has been effectively shut down for years. Others said the program is fiscally inefficient because permits generate little revenue compared with the cost of administering and enforcing the program, and that aquaculture or other alternatives could provide jobs without removing wild fish. Native Hawaiian speakers and civic club representatives emphasized traditional and customary practices, community stewardship, and the need to protect resources for future generations. Opposition testimony came from aquarium fishers and related advocates who argued the fishery has been shown sustainable, that the EIS process was completed, and that the bill would unfairly target one user group over another. They said the trade provides livelihoods for local families, that management is solid, and that the legislature should not ban a fishery after requiring compliance with environmental review. Some opponents also argued that fish populations have increased in recent years and that the issue reflects broader user conflict rather than science. No vote or final committee action was taken during the portion of the hearing provided; the chair continued taking testimony, including on Zoom, as time allowed.
AR
Transcript Highlights:
  • “The funds from the excise tax on soda go into the Medicaid trust fund.” “Medicaid trust fund.
  • “Is that the only money that’s given to the trust fund?” “No, sir.
  • There’s several other revenue sources that go into the trust fund.
  • failed at the floor the reason because of the fact that the revenue was not replaced going into the trust
  • for the benefit of everybody in the audience who makes this: when money comes out of the Medicaid trust
Summary: The committee first approved special expenses incurred by the committee, then took up interim study proposals. ISP 2025-069, sponsored by Representative Perry and presented by Representative Eaton, would move collection of sales tax on motor vehicles from the current post-purchase registration process to the point of sale at dealerships. Committee members and DFA discussed the current 60-day registration/tax payment window, possible fiscal and programming impacts on DFA, the added administrative burden on dealers, verification and audit issues, and concerns about whether the change would improve or complicate tax collection. After questions, the committee voted to send the proposal to research/interim study. The committee then considered ISP 2025-071, from Representative Ray, based on House Bill 1636, which would phase out the state excise tax on soda over five years if revenue triggers were met. Representative Ray explained the tax revenue supports the Medicaid trust fund and said the proposal was intended to continue discussion after the bill failed on the House floor in the regular session. Members asked about the annual revenue generated, the trust fund’s other revenue sources, and whether the revenue would be replaced. DFA was asked to provide additional information on how withdrawals from the Medicaid trust fund are authorized and whether the legislature has oversight. The committee then approved the proposal for interim study and adjourned.
HI

Hawaii 2026 Regular Session

HWN-WLA, HWN DEFER Public Hearings 02-10-2026

Hawaiian Affairs

Transcript Highlights:
  • measures introducers, the elite trusts measures introducers, the elite trusts and<00:11:10.800><
  • So it's DLNR trustees of the Lunalo Trust, Queen Liu Kalani Trust, the Queen's Health System, Bernice
  • Pawi Bishop Estate, Kame Schools, Charles Reed Bishop Trust, uh, Abigail Kawana Nakoa and Ali Trust
  • Trust. For the record, can you include Trust.
  • > Liu<00:24:58.880> Kalani<00:24:59.360> Trust, Lunalo Trust, Queen Liu Kalani Trust
Summary: The committee heard testimony on several measures affecting Hawaiian affairs, historic preservation, water access, and land governance. SB 1406 would let the Department of Hawaiian Home Lands assume historic preservation review for projects on lands under its jurisdiction, except for properties listed or nominated for the state or national historic registers. DHHL supported the bill, while a descendant testifier strongly opposed it, arguing that burial and preservation review protects ancestors and should not be streamlined or reduced. No questions were raised and the bill was moved on after testimony. SB 521 would require DHHL to work with county water boards or water departments to provide potable and agricultural water on Hawaiian homelands, with agreements made public. DHHL said it already works with counties but objected to the bill’s mandatory language, saying it could undermine the department’s discretion and independence. A public testifier supported the measure, and committee discussion focused on how water requirements could affect subsistence lots and infrastructure decisions. The committee then took up SB 3247, which would create a Royal Mausoleum Commission within DLNR to oversee preservation, operations, and outreach at Mauna Ala. State Parks said it valued existing collaboration with the aliʻi trusts but wanted clarity on roles, coordination, and funding if a new commission is created. The Royal Order of Kamehameha strongly supported the bill as a culturally grounded way to protect the site, while several other testifiers opposed it, saying the real issue is the curator selection process and warning that a commission could add bureaucracy and delay. The committee also heard SB 1654, authorizing transfer of certain state lands to DHHL, and SB 112, which would add the DHHL chair or designee to the Hawaii Community Development Authority; the Attorney General and HCDA offered technical and policy comments, with HCDA opposing the board change and DHHL supporting participation to protect beneficiary interests. No votes or final actions were taken in the portion provided.
HI

Hawaii 2026 Regular Session

Senate Floor Session 04-30-2026 12:00pm

Hawaii Senate Floor Meeting

Transcript Highlights:
  • received and expended by single trust received and expended by single native<00:29:54.000> Hawaiian
  • I asked the nominee if, confirmed, would he endeavor to restore public trust in the judiciary?
  • If we have values guiding our election system, a publicly funded system, I believe it can be a trust
  • If we have values guiding our election system, a publicly funded system, I believe it can be a trust
  • I believe it can be a trust I believe it can be a trust infrastructure<00:33:54.960> in<00
NH

New Hampshire 2026 Regular Session

Senate Education (02/03/2026)

Education

Transcript Highlights:
  • And if the argument is made that the teacher is a trusted adult, that's probably one of the most trusted
  • are probably the second most trusted are probably the second most trusted adult<00:51:45.440>
  • <00:54:36.720> adult, known to the second most trusted adult, known to the second most trusted
  • <00:54:41.599> adult onto that second most trusted adult onto that second most trusted adult
  • have the right to talk with trusted have the right to talk with trusted adults<00:56:39.119>
Keywords: 1191, senate, all
MN

Minnesota 2025-2026 Regular Session

Floor debate on automatically returning future budget surpluses to taxpayers 3/17/25

Minnesota House Floor Meeting

Transcript Highlights:
  • It's about trust. It's about giving Minnesotans what they deserve: relief from excessive taxation.
  • I trust that they will agree with us that when we take too much, we must give it back.
  • that they will agree policies I trust that they will agree with<00:03:07.360> us<00:03:08.280
  • you get a check a trust fund a trust<01:18:26.199> fund<01:18:26.480> could<01:18:26.639
  • Firm in New Jersey and basos and a trust Firm in New Jersey and basos and a trust fund<01:20:35.199
Keywords: 1183, house
HI

Hawaii 2025 Regular Session

WAL Public Hearing - Thu Feb 13, 2025 @ 9:30 AM HST

Water & Land

Transcript Highlights:
  • <00:32:32.000> and trust lands um they're held in trust and trust lands um they're held in
  • <00:33:10.279> lands seated lands public land trust lands seated lands public land trust lands
  • <01:33:51.199> lands<01:33:52.199> um public land trust lands um public land trust
  • board the purpose of public land trust board the purpose of public land trust lands<01:33:57.199
  • <01:34:09.760> lands purposes of public land trust lands purposes of public land trust lands
Keywords: 910, house, all
Summary: The committee on Water and Land met on February 13, 2025, and heard testimony on a series of housing, land, and resource bills. Early bills included HB 743 on fiscal sustainability, HB 1318 on affordable housing, and HB 1409 on the Transit-Oriented Development Infrastructure Improvement District Board. Testimony on the housing measures was largely supportive from agencies and advocacy groups such as the Office of Planning, Hawaii Housing Future, Hawaii Appleseed, Catholic Charities, and the County of Kauai, while the Department of Land and Natural Resources (DLNR) raised concerns on HB 1318 about public trust duties for ceded lands. On HB 1409, members questioned whether the bill needed updating in light of a separate bill changing the board structure, and witnesses said the measure did not change funding but only the board’s mission and scope. The committee also heard HB 1410, which would create a supportive housing special fund. Supporters, including Catholic Charities, the Hawaii State Council on Developmental Disabilities, and Hawaii Appleseed, argued that predictable dedicated funding is needed for supportive housing, social services, and long-term homelessness solutions. The Tax Foundation of Hawaii opposed tax earmarks in general, saying they subvert the constitutional budgeting process. Members asked how the fund would be administered and who could access it; witnesses said HHFDC and the counties would coordinate the process, but DLNR noted the bill did not provide additional administrative capacity and suggested language to address that. Later bills included HB 528 on residential leaseholds, HB 1359 on flood mitigation, HB 1087 on historic preservation reviews, HB 868 on disabilities, and HB 1323 on transfer of non-agricultural park lands. HB 528 drew limited testimony, with a Catholic Charities/Hawaii Public Housing Authority representative offering a general example of leasehold development but saying the bill’s exemptions had not been discussed in detail. HB 1359 prompted discussion of homeowner and county responsibilities for drainage and flood damage, with DLNR saying private owners are responsible for drainage on private property and counties for county roads. HB 1087 was supported by DHHL, which said historic preservation reviews currently take about 165 days and the bill could improve timeliness, while Hawaii Historic Hawaii Foundation opposed it. HB 868 drew support from the Disability Rights Center and DCAB, with testimony focusing on beach access and the need for clearer legal authority. On HB 1323, DLNR opposed the bill, saying it did not reflect Act 90 and that some agricultural parcels should remain under DLNR for conservation, watershed, recreation, or fire protection reasons; DOA, Hawaii Farm Bureau, and Hawaii Cattlemen’s Council supported the measure, arguing that productive agricultural lands should be transferred to agriculture to protect local food production and family ranches.
CA
Transcript Highlights:
  • The five-year plan's first goal is to build public trust and awareness.
  • The five-year plan's first goal is to build public trust and awareness. It's working.
  • If we successfully build trust and increase our call volume, but don't have the staffing to meet the
  • need, we will lose our most important tool in suicide prevention: the trust of those in need.
  • So really making the link to make sure that our 11 crisis centers, as well as other important trusted
Summary: The joint Assembly Health and Select Committee on Native American Affairs held an oversight hearing on AB 988, California’s 988 crisis line and mobile crisis response system, followed by a discussion of suicide prevention and intervention in California Indian communities. Members and witnesses repeatedly emphasized that AB 988 was intended to create a true alternative to 911 for behavioral health crises, with “someone to call, someone to come, and somewhere to go,” and that Native communities continue to face disproportionately high suicide rates and barriers to culturally responsive care. The first panel of call center and stakeholder witnesses largely argued that implementation is falling short of the law’s intent. They said 988 call centers are underfunded, text/chat answer rates remain far below call answer rates, staffing is strained, and the system still lacks meaningful statewide interoperability between 988 and 911. Several witnesses said mobile crisis teams are not being dispatched through 988 as envisioned, and that funding formulas and governance are too opaque. San Joaquin County was presented as a local success story, with integrated 988, access lines, and mobile crisis handoffs that have reduced reliance on emergency departments and involuntary holds. Witnesses also discussed the need for better tribal outreach, the role of CCBHCs, and the importance of culturally competent services. State officials from CalHHS and DHCS described the five-year 988 implementation plan, the current governance structure across multiple agencies, and efforts to support training, public awareness, and referral tools. They reported growth in 988 contacts, ongoing training with the Trevor Project, a statewide resource directory, and a tribal awareness campaign. DHCS also outlined proposed trailer bill language that would create a formal designation process for 988 centers, set statewide standards, and require existing centers to obtain designation by 2029. Officials said current funding includes SAMHSA grants, block grant dollars, and an expected $67.3 million from the 988 fund in the next budget year, with a large share earmarked for Medi-Cal mobile crisis services. No formal vote or committee action was taken in the portion of the hearing provided.
NH

New Hampshire 2025 Regular Session

House Finance Division II (02/21/2025)

Transcript Highlights:
  • going back further, when I first started at New Hampshire Lottery in 2011, our return to education trust
  • going back further, when I first started at New Hampshire Lottery in 2011, our return to education trust
  • Back further, when I first started at New Hampshire Lottery in 2011, our return to education trust fund
  • fund thank you m to the education trust fund thank you that<00:25:29.520> yeah<00:25:30.080><
  • That is really what's going to impact your bottom line for the Education Trust Fund.
Keywords: 928, house, all
Summary: The committee heard a budget presentation from New Hampshire Lottery Director Charlie McIntyre and CFO Jim Durus. McIntyre said the Lottery has more than tripled its return to the Education Trust Fund since 2011, from $62 million to $207 million in FY 24, while keeping expenses relatively flat over time. He explained that the Lottery operates like a business, is heavily audited, and that the governor’s budget raises the FY 26-27 revenue estimate to $185 million, up about $12 million annually from prior estimates. He attributed FY 24’s unusually strong results to record Powerball sales driven by a spike in billion-dollar jackpots tied to higher interest rates, and said scratch tickets still make up most gross sales, though Powerball is the highest-margin product. Members questioned the Lottery about the difference between gross revenue and profit, the steep rise in operating expenses, and the reasons for requested budget increases. McIntyre said the main drivers were payroll, benefits, advertising, added regulatory responsibilities from expanded gaming, and a new Salesforce customer-tracking system. He also described requested capital needs, including an outdated security system, building access and ADA improvements, and upgrades to the front office for employee safety. He said the security system is still running on an old Windows 7-based setup and that the requested upgrade would modernize cameras and add redundancy. The discussion also covered staffing and gaming expansion. McIntyre said the Lottery has 84 employees including three commissioners, with 13 funded vacancies, and that it plans to fill positions as two new gaming rooms come online in Rochester and Derry. He said the Lottery’s revenue estimates were revised upward because sports betting in Massachusetts had less impact than expected and historic horse racing machines have been more profitable than forecast. He also explained the governor’s proposal to shift historic horse racing toward slot-style machines, saying the physical machines would look largely the same but the content and math would change, and that the state’s revenue share would increase under the proposal. No votes were taken; the committee mainly asked questions and received explanations about the Lottery’s budget and revenue assumptions.
NM

New Mexico 2025 Regular Session

House - Appropriations and Finance Jan 22nd, 2025

House Appropriations & Finance

Transcript Highlights:
  • It's about $3 billion to the Early Childhood Trust Fund over the next five years.
  • How much money does the average $1 billion trust fund pay out annually? Mr.
  • But I believe we expect that trust fund to grow to about $500 million by the end.
  • You're speaking about the Early Childhood Education Trust Fund? Yes, I'm sorry.
  • You'll see a higher recommendation in the executive using more of the trust fund.
FL

Florida 2026 5th Special Session

Agriculture Oct 7th, 2025

Transcript Highlights:
  • sentinel landscapes, as well as increased participation that we were very happy to say with our land trusts
  • Breaking that down a bit and focusing on the land protection side, we, as a nonprofit land trust like
  • the land trusts in our state—of which we have about 22—work with landowners directly to explore the
  • Rather, we and the land conservancies, the land trusts across the state, work to increase the pace of
  • And when we're negotiating that deal, our land trusts are many partners throughout the state.
Summary: The Committee on Agriculture met to hear updates on land conservation and agricultural preservation programs. The Department of Agriculture and Consumer Services presented on the Rural and Family Lands Protection Program, explaining that it protects active agricultural lands through conservation easements while keeping land in private ownership and on the tax rolls. The director said the program requires participants to use agricultural best management practices, noted strong demand with 428 ranked projects for 2025, and reported that consistent legislative funding and partnerships with USDA, DOD, local governments, land trusts, and water management districts have expanded acreage protected, much of it within the Florida Wildlife Corridor. Committee members asked about eligibility, ranking, local government involvement, and how many projects are typically funded each year. Conservation Florida’s president and CEO testified that both Rural and Family Lands and Florida Forever are critical and complementary tools for preserving working lands, wildlife habitat, water resources, and public access to nature. She warned that uncertainty or cuts in state funding can stall projects, raise land prices, and reduce conservation momentum. In discussion with senators, she said public access is often negotiated case by case and is more common on lands acquired for parks, forests, and other public green space than on conservation easements. The Department of Environmental Protection then updated the committee on Florida Forever, describing it as the state’s premier conservation and recreation land acquisition program. DEP said Florida Forever uses both conservation easements and fee-simple purchases, with about half of acquisitions done through easements, and emphasized that steady funding is needed to keep projects moving. The deputy secretary reported 60 projects on the current work plan, more than $1.4 billion invested since 2019, and recent acquisitions including new state forest, park, and preserve expansions. Members also raised concerns about payment in lieu of taxes for fiscally constrained counties, local notification of acquisitions, and the need for continued support for agriculture, citrus, roads, and conservation funding. No formal votes were taken, and the meeting adjourned after member comments and public testimony.
CA

California 2025-2026 Regular Session

Assembly Elections Committee Mar 25th, 2026

Transcript Highlights:
  • People's trust in government right now is collapsing.
  • This is about restoring trust, and for those reasons, I respectfully ask for your aye vote.
  • This is about restoring trust, and for those reasons, I respectfully ask for your aye vote.
  • So those agencies will, you know, have difficulty in building that public trust.
  • So those agencies will, you know, have difficulty in building that public trust.
Summary: The Assembly Elections Committee met on March 25, 2026, with nine measures on the agenda and three bills taken on consent. The committee approved the consent calendar for AB 1736, AB 1853, and AB 2153. The committee also heard several election-related bills, including AB 1993 on ballot-envelope privacy, AB 1788 on nonprofit disclosure of travel payments for elected officials, AB 1560 on barring people convicted of public corruption from lobbying, AB 1539 on presidential and vice-presidential ballot eligibility certifications, AB 1919 on Santa Cruz Metro local tax initiative procedures, and AB 1562 on county selection of poll workers. The chair also noted membership changes and welcomed new and returning members and staff. AB 1993 drew the most debate. The author argued it was a common-sense safeguard to prevent voters’ choices from being visible through ballot-envelope holes, citing a Sacramento County incident and public concern about ballot privacy. County election officials, the Secretary of State’s office, and Disability Rights California opposed the bill, saying the holes also serve accessibility and processing functions, that existing voter instructions already address privacy, and that the measure would create implementation problems and an unfunded mandate. After extended discussion, the committee voted the bill out on a 2-6 roll call and it failed. AB 1788 was supported by the FPPC and the League of Women Voters and passed as amended to Appropriations, with members emphasizing transparency while seeking to avoid unintended coverage of organizations like NCSL and CSG. AB 1560 passed 6-0 despite the Secretary of State’s implementation concerns about how the office would learn of relevant convictions. AB 1539, which would require party representatives to certify presidential and vice-presidential nominees’ constitutional eligibility, passed 7-0 as amended. AB 1919, which would clarify procedures for a Santa Cruz Metro voter initiative to place a transit tax on the ballot, passed 6-2, and AB 1562, which would allow counties to randomly select poll workers, passed 7-1 after discussion about civic engagement, guardrails, and election administration. The committee then completed roll-call adjustments for absent members and adjourned.
TX
Transcript Highlights:
  • Trust but verify. That's me.
  • The committee with a brief overview of the event trust funds.
  • This... the events trust fund...
  • Trust Fund.
  • For the incremental tax increase for an Event Trust Fund, there is no minimum or maximum.