Transcript Highlights:

• Salaries rise with market and a benchmark to market.
• provides comprehensive support, including market trend analysis, reasonableness assessment, peer benchmarking
• , and both written and benchmarking, and both written and verbal<01:51:27.360> recommendations
• It's benchmarked, market-based, and tied to performance.
• It's<02:00:28.159> benchmarked, It's benchmarked, It's benchmarked, market-based,<02:00:31.280

Keywords: 1191, senate, all

Transcript Highlights:

• > absolute terms but also relative to absolute terms but also relative to their<00:05:06.800> benchmark
• And uh you know in their benchmark.
• However, much of this outperformance relative to the benchmark is really due to the individual stock
• With this, in terms of the benchmark, all pension funds exceeded their respective benchmarks.
• There's some work being done to change a couple, but the benchmarks were exceeded.

Keywords: 958, all

Summary: The meeting opened with a quorum call, the Pledge of Allegiance, a prayer, and approval of the prior meeting minutes. The first presentation was from Bo Craycraft of the Judicial Form Retirement System, who gave an update on investment performance, asset allocation, cash flow, and projected employer costs. He reported strong fiscal year 2025 investment results, with both the legislative and judicial retirement plans outperforming their actuarial assumed rates of return and benchmarks, driven largely by U.S. equity performance. He also noted the plans remained near their target asset allocation and continued to experience negative cash flow, though he said that was manageable in context of strong asset growth. Craycraft then discussed a recent experience study and actuarial assumption changes, especially a revised salary growth assumption and a higher cash balance interest credit rate. He said these changes increased projected employer costs, with contributions rising from about $700,000 to a projected $2 million in later years, though he expected the eventual 2025 valuation and investment gains to reduce that estimate. Members asked about mortality assumptions, the impact of the experience study on liabilities, and the sharp increase in the judicial plan’s projected employer cost. Craycraft explained that the increase was driven mainly by the updated assumptions and that no other major plan changes were involved. At the chair’s request, Craycraft also addressed the recent rise in Medicare Advantage premiums for the plan’s health coverage, saying the 2025 increase was largely tied to Part D changes and the Inflation Reduction Act and had been about 45%, but that future growth was expected to be under 5%. After his presentation, the committee moved to the Kentucky Public Pensions Authority update, where the next speaker began by saying the funds had exceeded actuarial assumed returns for the fiscal year.

Transcript Highlights:

• What's sustainable What can we put in a test environment through the pilot programs through GROW and
• And they do and They have done stress testing for a long time. And we also do stress testing.
• We do stress testing for three years. They do stress testing for five-year periods.
• But here is our latest stress test that only does those three years.
• Are they meeting their benchmarks? What does that look like?

Transcript Highlights:

• Are you familiar with the Miller test? Right. Are you familiar with the three-pronged Miller test?
• When we look at that for minors, we apply all those tests to minors.
• Additionally, the ACT Plan is exempt from the two-test benchmark cap imposed by the Education Code.
• is to eliminate the STAAR test.
• If we don't have the STAAR test, what test will we use? To monitor our schools and student success.

Bills: HJR175, HJR88, HB21, HB49, HB216, HB346, HB573, HB565, HB954, HB1953, HB2686, HB1441, HB2734, HB1650, HB3161, HB2876, HB3185, HB3388, HB2761, HB3233, HB 1186, HB1534, HB5506, HB5129, HB3619, HB778, HB2867, HB3221, HB3672, HB2434, HB4903, HB3687, HB3675, HB4609, HB4582, HB4921, HB3866, HB3901, HB4534, HB2446, HB3984, HB700, HB4012, HB4491, HB4088, HB229, HB4234, HB722, HB4136, HB4105, HB4413, HB170, HB551, HB2858, HB3053, HB3142, HB3180, HB3722, HB2200, HB1794, HB1784, HB1581, HB2530, HB4308, HB1896, HB2974, HB3359, HB4580, HB2458, HB2215, HB3332, HB2278, HB3015, HB3151, HB1368, HCR9, HCR40, HB5138, SB17, HB4944, HB2284, HB3421, SB1569, SB2420, SB1968, SB2351, SB2544, SB1490, SB1349, SB1568, SB2776, HB3531, HB2149, HB4327, HB3158, HB3717, HB4520, SB888, SB552, HB3138, HB3704, HB2921, HB4853, HB4506, HB3892, HJR161, HJR175, HJR88, HB1937, HB3334, HB5444, HB5137, HB361, HB321, HB5447, HB464, HB678, HB2294, HB4172, HB3225, HB1769, HB5394, HB1837, HB1787, HB2271, HB2440, HB5134, HB5149, HB2151, HB2073, HB2186, HB2025, HB1936, HB1777, HB1663, HB 1306, HB 1290, HB1527, HB4802, HB3462, HB2963, HB2462, HB2560, HB644, HB2725, HB2621, HB2588, HB1443, HB1403, HB3032, HB1557, HB1664, HB2811, HB2088, HB2598, HB3062, HB3134, HB3940, HB4027, HB4097, HB4862, HB4170, HB4157, HB4205, HB4279, HB4377, HB4838, HB5424, HB5294, HB4870, HB4763, HB5639, HB4112, HB2275, HB1677, HB5014, HB3848, HB3797, HB3727, HB3709, HB3177, HB3057, HB4176, HB4202, HB2180, HB3528, HB3658, HB21, HB49, HB216, HB346, HB573, HB565, HB954, HB1953, HB2686, HB1441, HB2734, HB1650, HB3161, HB2876, HB3185, HB3388, HB2761, HB3233, HB 1186, HB1534, HB5506, HB5129, HB3619, HB778, HB2867, HB3221, HB3672, HB2434, HB4903, HB3687, HB3675, HB4609, HB4582, HB4921, HB3866, HB3901, HB4534, HB2446, HB3984, HB700, HB4012, HB4491, HB4088, HB229, HB4234, HB722, HB4136, HB4105, HB4413, HB170, HB551, HB2858, HB3053, HB3142, HB3180, HB3722, HB2200, HB1794, HB1784, HB1581, HB2530, HB4308, HB1896, HB2974, HB3359, HB4580, HB2458, HB2215, HB3332, HB2278, HB3015, HB3151, HB1368, HCR76, HCR127, HCR9, HCR40

Keywords: constitutional amendment, medium of exchange, currency rights, digital currency, financial autonomy, tax exemption, rainwater harvesting, graywater system, local government, ad valorem taxation, housing finance, multifamily residential, low income, audit requirements, affordable housing, development bonds, oil waste, gas waste, liability, treatment processes

Transcript Highlights:

• always available to every employer, always, and documentation of misconduct or failing to meet benchmarks
• always available to every employer, always, and documentation of misconduct or failing to meet benchmarks
• Um, all of those benchmarks are available and tell us how people are doing at their job.
• Um, all of those benchmarks are available and tell us how people are doing at their job.
• Um, all of those benchmarks are available and tell us how people are doing at their job.

Keywords: 1187, senate, all

Transcript Highlights:

• Um, we have under the ACA our essential health benefits in our benchmark plan, and those benefits in
• that benchmark plan that was adopted back in 2013 for plan year 2024.
• But right now, um, even if you were to add something that's already part of the benchmark plan, there
• Now, if it's not part of the benchmark plan and it's an addition, the state would need to cover the cost
• <00:52:37.280> plan if it's not part of the benchmark plan if it's not part of the benchmark

Keywords: 1189, house, all

Summary: The committee first heard testimony from State Treasurer Monica Misipelli on House Bill 1042, which would increase the contingent credit limit for the BFA. She explained that under RSA 66 the state’s debt capacity is capped at 10% of unrestricted revenue, and that guaranteed debt counts in the calculation even though it is not direct debt. She said the state currently has about 65% of its capacity used, roughly $120 million of remaining room, and that raising the BFA contingent credit limit from $200 million to $450 million would reduce that capacity. She noted the state’s debt-to-revenue ratio is about 4.2%, that the state’s credit rating is not immediately affected by the guarantee program unless the state actually has to assume the liability, and suggested unused guarantee authorizations, such as one for the Peace Development Authority, could be reviewed in the future. Members asked whether a credit guarantee affects bonding ability like actual debt, what the usual debt level is relative to the statutory cap, and whether the increase would crowd out future capital borrowing. Misipelli answered that guarantees are included in the formula and do affect available capacity, though the current ratio remains manageable. She also said she had been using a $120 million benchmark for capital budget planning and was now modeling $130 million in future state debt. When asked whether the full $250 million increase was necessary, she deferred to the BFA, saying the question should be answered by the agency. James Key Wallace, executive director of the New Hampshire BFA and interim commissioner of Business and Economic Affairs, then testified in support of the bill. He said the request was driven by larger project costs over the last several decades, with construction inflation causing guarantees to be used up in bigger chunks, and by the fact that the BFA has been close to its current cap. He said the agency does not use taxpayer funds, has never had a payout on a guarantee in nearly 35 years, and requires collateral, reserves, and an 80% loan-to-value buffer. He told members the Senate had a similar bill to raise the limit to $400 million and that the BFA considered that range acceptable. In response to questions, he said a smaller increase such as $150 million would cover known transactions but might not provide enough runway for future opportunities, and he confirmed the bill was brought at the BFA’s request. He also said businesses consider housing availability when deciding whether to locate in New Hampshire, since housing and workforce are key location factors. At the end of the work session, the chair closed House Bill 1042 and opened House Bill 241, a bill on health insurance coverage of pain management services for chronic pain. Representative Nagel began introducing the bill and asked for copies of the treasurer’s debt-capacity report, but the transcript cuts off before any further action on HB 241.

Transcript Highlights:

• :43:06.079> in<00:43:06.319> Minnesota,<00:43:06.720> but<00:43:07.040> benchmarks
• as a whole in Minnesota, but benchmarks as a whole in Minnesota, but benchmarks determine<00:43:
• line 29.10, amends the grade level reading goals under the READ Act to be aligned to appropriate benchmarks
• <00:59:05.359> and<00:59:05.599> the<00:59:05.920> MTSS to appropriate benchmarks
• and the MTSS to appropriate benchmarks and the MTSS framework<00:59:07.119> established<00:59

Keywords: 1183, house

Transcript Highlights:

• Our current vendor is moving toward and has had tested and is on the brink of ready to deploy 2.0.
• We had a regional representative, we had trainings all the time, they were coming in and testing our
• Yes, and we have a benchmark and we have Under 61010 what assets we can invest in the LGIP.

Keywords: 996, all

Transcript Highlights:

• enterprise fund work and capital requirements, contrary to best practices, they have not established benchmarks
• None of our 30 tested expenditures were incurred pursuant to a purchase order or written contract or
• None of our 30 tested expenditures were incurred pursuant to a purchase order or written contract or

Summary: The committee first took up a long-running audit finding involving the City of Daytona Beach’s unexpended building permit fund balance, which has exceeded the statutory cap for several years and was reported at $10.8 million in the latest audit. Mayor Derek Henry and city staff said the city had analyzed the fund, adopted a corrective action plan, waived more than $5.5 million in permit and inspection fees, used some excess funds for a training facility rehabilitation, and is pursuing a $9.4 million City Hall expansion that they say is allowed under a November 2024 Attorney General opinion permitting construction of a building to house the building code enforcement function. Committee members repeatedly questioned whether the city was simply trying to spend down the money, whether the proposed uses were truly lawful, why the balance kept growing despite fee waivers, and where the interest earnings were going. The mayor and deputy city manager said the city’s growth and staffing needs justified the plan, but several members expressed frustration and skepticism. A public commenter also urged accountability and raised concerns about the city’s spending plans and the size of the remaining balance. The committee then received an Auditor General presentation on the Town of Greenville, which found 31 operational audit findings and described pervasive control failures, possible fraud, waste, and abuse. The findings included election paperwork problems that left a council seat vacant, conflicts of interest, late financial disclosure filings, related-party transactions, inadequate meeting notices and minutes, quorum and voting documentation problems, council members’ involvement in day-to-day operations, missing ethics training, budget adoption and monitoring deficiencies, inaccurate accounting records and bank reconciliations, utility billing and rate issues, grant compliance problems tied to an unfinished grocery store project, weak personnel and contracting controls, improper severance and compensation issues, late vendor payments, weak procurement and P-card controls, vehicle-use and property-control weaknesses, poor public records access, and IT access and fraud-policy gaps. Greenville’s mayor and staff said the audit largely reflected the prior administration and that the current council and staff are taking corrective action. They said the town terminated the former manager, adopted seven new policies since the audit began, and is working with the Auditor General to improve procurement, financial controls, inventory management, grant oversight, and ethics compliance. The town attorney said he had alerted federal authorities earlier about concerns, and committee members noted that FDLE has received a criminal referral and is investigating. Several members praised the new leadership’s cooperation but also suggested the town consider consolidation or dissolution if problems persist.

Transcript Highlights:

• So, right now, as it exists, we test. 100% of our deaths.
• If we are moving a deer, it is tested for CWD.
• Then another whole herd test. of anti-mortem tests.
• So, you give it that test, that CWD test, send it to that release. It's done.
• But you need to harvest all these deer to get these tests.

Keywords: 1184, house, all

Transcript Highlights:

• It creates the same entry points and benchmarks across all alternate routes of certification, which require
• It creates the same entry<00:59:19.600> points<00:59:20.040> and<00:59:20.160> benchmarks
• <00:59:20.920> across<00:59:21.920> all entry points and benchmarks across all entry
• points and benchmarks across all alternate<00:59:22.920> routes<00:59:23.200> of<00:59

Keywords: 958, all

Transcript Highlights:

• Bill 2731 requires and establishes benchmarks for each state executive agency to ensure that a certain
• relating to lay requires<00:46:36.079> and<00:46:36.240> establishes<00:46:36.800> benchmarks
• <00:46:37.280> for requires and establishes benchmarks for requires and establishes benchmarks

Bills: SB2064, SB2312, SB2811, SB2662, SB2744, SB2809, SB2862, SB2343, SB2336, SB2075, SB2308, SB2601, SB2397, SB2219, SB2849, SB2449, SB2781

Keywords: state architect, construction projects, design approvals, building codes, state agency oversight, government contracts, transparency, record retention, public oversight, Hawaii Revised Statutes, building permits, task force, state-owned lands, construction, regulatory process, government accountability, external consultants, procurement reform, cost efficiency, in-house expertise

Summary: The committee heard several government operations measures, beginning with SB 2064 on state construction projects, which would create an office of the state architect within DAGS to oversee design review and approvals for state construction. DAGS said it stood on its written testimony, DECAB supported the bill, DOT supported it, and HGA opposed it. No audience testimony or member questions were taken, and the chair moved on. The committee then took up SB 2312 on government contracts, which would make records held by private contractors performing government functions subject to UIPA. The State Procurement Office, Attorney General, OIP, ERS, DHS, and HGA offered comments or opposition, while the League of Women Voters, Public First Law Center, All Hawaii News, Grassroots, and several individuals supported the bill. Public First Law Center argued the bill closes a loophole and does not expand or reduce existing exemptions, while OIP and others raised concerns about privacy, confidential information, and the need for clearer procedures. Members discussed possible clarifying amendments, including changing “government function” to “agency,” and the bill was left for further consideration. Other measures discussed included SB 2662 on government accountability, which would require justification and caps for external consultants; ERS and DOT opposed it, while the American Council of Engineering Companies of Hawaii and Airlines Committee of Hawaii argued consultants are often more efficient and necessary for major projects. The committee also heard SB 2744 on due process, for which no testimony was received; SB 2809 on budget-related reports, with comments from B&F and the Tax Foundation; SB 2862 on gubernatorial appointments, opposed by the Governor’s Office and the Hawaii Correctional System Oversight Commission and supported by one individual; a bill on continuous legislative sessions, with comments from B&F, LRB, and Hope for Hawaii; SB 2336 on tree management standards, supported by an individual and the Outdoor Circle; and SB 2075 on public procurement local preferences, which drew broad support with comments from SPO and the Attorney General and discussion of simplifying the preference structure. No votes were taken in the excerpt, and the chair repeatedly moved measures along after testimony and questions.

Transcript Highlights:

• A benchmark study was conducted after the conclusion of the advertising period to measure awareness of
• which began in domestic travel study, which began in 1990.<00:13:18.399> A<00:13:18.560> benchmark
• A benchmark study was conducted 1990.
• A benchmark study was conducted after<00:13:20.160> the<00:13:20.399> conclusion<00:13:

Keywords: 958, all

Summary: The committee heard a presentation from the Tourism, Arts and Heritage Cabinet and the Kentucky Department of Tourism on the 1% Tourism Meeting and Convention Marketing Fund. Officials said Kentucky tourism is a $14.3 billion industry that welcomed more than 80 million travelers last year, supports nearly 97,000 jobs, and uses the fund solely for tourism marketing and promotion, not capital projects. They noted the fund received additional appropriations in the enacted budget and also supports several designated tourism-related initiatives. Commissioner Mike Manet described how the fund is used for paid media, public relations, international marketing, cultural heritage promotion, website content, regional matching grants, research, trade shows, and travel expenses. He said the department spent $10.8 million on paid media in 23 markets in 2024, focused on seven tourism pillars, and used research and advertising ROI studies to guide spending. He reported 180 PR placements, 3.2 billion earned impressions, 3% growth in international visitation, and 12% growth in international spending to $257 million. He also highlighted the African-American Heritage Trail and said the regional matching funds program distributed $2 million to 87 local tourism commissions. Members asked about the rise of AI in search results, how domestic and international visitor data are collected, how ad agencies are selected, and how regional matching funds are allocated. The commissioner said the department uses GPS-based and federal data, including National Travel and Tourism Office figures, and that ad agencies are chosen through an RFP process. Representative McDaniel raised concerns about bourbon tourism and Canadian visitation; the commissioner said Canadian travel is down significantly, bourbon-related visitation has softened, and the department is shifting more spending toward in-state and closer drive markets while emphasizing bourbon’s heritage story. Representative Fugate asked about eastern Kentucky tourism and ATV trails, and the commissioner said those trails are included in advertising, social media, and earned media efforts. No votes or formal actions were taken.

Transcript Highlights:

• That's just a benchmark based on some research that I've seen online.
• That's just a benchmark<00:11:42.560> based<00:11:42.800> on<00:11:42.959> some<
• 00:11:43.200> research<00:11:43.440> that benchmark based on some research that benchmark

Keywords: 958, all

Summary: The Artificial Intelligence Task Force held its third meeting and adopted the prior minutes after a motion and second. The main presentation came from John Bevington of LG&E and KU, who described the utility’s Kentucky service territory, its vertically integrated operations, and its role in economic development. He said the company supported 76 projects in 2024, representing about $3 billion in announced investment and roughly 3,000 jobs, and noted that about 45% of statewide investment announcements were in its service area. He also outlined a large project pipeline of about 8.5 gigawatts, with data centers making up roughly two-thirds of that interest. Bevington explained that data center siting differs from traditional manufacturing site selection because it is driven primarily by transmission access and grid capacity rather than a process of eliminating locations. He said large data centers must locate near transmission lines, that utilities must conduct formal studies to ensure existing customers are not harmed, and that the buildout timeline for utility infrastructure is much longer than for data centers. He cited a Deloitte study and other industry data to argue that power constraints and timeline mismatches are the biggest challenges, while also emphasizing that data centers can generate significant construction activity, indirect jobs, and tax revenue. He said Kentucky’s sales tax exemption for data centers was a key enabler that increased interest in the state. Members asked about the number and size of potential data center projects, how Kentucky compares with other states, and whether regulatory reform is needed. Bevington said the 20 projects in Kentucky reflect current interest, that other states such as Ohio have had similar incentives for years, and that Kentucky is still early in the market. He also said data centers can vary in size, from 200 to 600 megawatts or more, and that they can be located anywhere with sufficient transmission capacity and, in some cases, access to workforce and roads. In response to concerns about energy supply, he said LG&E and KU are pursuing an “all of the above” strategy, including solar, batteries, and new natural gas combined-cycle units, and noted ongoing and proposed projects totaling additional capacity if approved by the Public Service Commission.

Transcript Highlights:

• Chair, understood wrong is the early testing.
• So, the early testing is I do believe that we need more staff to do the proper testing and address those
• So, cultural and language background will affect the early testing.
• We want to ensure that the assessment can be used for that diagnostic purpose but is not another test
• My reading skills are being tested, Mr. Chair. No, I think I can get through this for you.

Keywords: 996, all

Transcript Highlights:

• order to assess how much the state has to pay, we look to what is currently covered by the base benchmark
• It narrows what's being added above the current benchmark, so it'll significantly reduce what we have
• And, I mean, you know, we use $100,000 as the benchmark as to where things go.

Bills: SB83, SB135, SB143, SB155, SB157, SB202, SB237, SB261, SB276, SB295, SB450, SB465, SB506, HB1070

Keywords: human trafficking, trafficking prevention, school safety, public schools, elementary and secondary education, charter schools, mandatory reporting, victim identification, victim services, child trafficking, sex trafficking, labor trafficking, commercial sexual activity, DCFS, Department of Children and Family Services, Louisiana State Police, governor's office of human trafficking prevention, counselor training, mental health professional, administrator training

Transcript Highlights:

• House Bill 328 relates to the Bureau of Insurance and essential health benefits benchmark plan selection
• numerous members' bills seeking to add certain benefits to Virginia's essential health benefits benchmark
• It directs the Bureau of Insurance to file Virginia's application with CMS to update our EHB benchmark

Keywords: April 22, 2026 - Reconvened Session, 976, house, all

Transcript Highlights:

• Adjusting our benchmarks.
• Adjusting our benchmarks.
• Adjusting our benchmarks.