Transcript Highlights:

• cards, student performance being equal.
• DPI's own technical report, again, the 324-page report that I referenced earlier, referred to the 88-
• We have the 324-page report put out by DRC.
• We just have the final report. And so I still That's not clear to me.
• We just have the final report. And so I still think there's questions.

Keywords: 970, all

Transcript Highlights:

• Yes, and by your vote, SB 1706 is reported favorably.
• It clarifies that for any work performed under the $7,500 exemption, the person performing the work,
• It clarifies that for any work performed under the $7,500 exemption, the person performing the work other
• You're okay if somebody is not on site but still performing, ultimately performing the same task, correct
• CS for SB 1580 is reported favorably. Thank you.

Bills: S0468, S0822, S1234, S1260, S1580, S1706

Keywords: animal cruelty, reporting, veterinary, protection, liability, regulation, community association, management certification, Florida Statutes, certified manager, association governance, building permits, inspections, offsite construction, local government, housing, property regulation, construction standards, state of emergency, emergency response

Summary: The committee heard and approved several bills. SB 468 would require veterinarians and veterinary technicians to report suspected animal cruelty to law enforcement or animal control and allow release of patient records in good faith; it was reported favorably with support from animal welfare groups. SB 1706 narrows eligibility for the My Safe Florida Condominium Pilot Program to buildings with at least 80% owner-occupied units and residents at or below 80% of area median income, and it also passed favorably. SB 1234 on building permits and inspections was amended extensively to clarify permit exemptions, private-provider rules, and timelines, then reported favorably as a committee substitute. SB 1260, dealing with building inspections after emergencies, was amended to require state-term contracts for inspection vendors and then passed. SB 822 would require professionally managed community associations above a budget threshold; an amendment raised the threshold to $750,000, added a parcel-count trigger, and allowed direct-hire credentialed managers, after which the bill was reported favorably. SB 1580 would increase penalties for illegal gaming operations, add enforcement tools, and clarify procedures for veterans organizations; after removing a fantasy sports provision, it also passed favorably. The committee also heard from several appointees and reappointees to the Public Service Commission and Florida Gaming Control Commission. Public Service Commission nominees Anna Ortega and Robert Payne were questioned closely about utility hardening projects, ratepayer costs, and the role of the Office of Public Counsel. Gaming Commission reappointee Julie Brown and appointees William Spacola, John DeQuilla, Peter Cutterman, and Tina Rep discussed illegal gaming enforcement, audits, agency operations, and their backgrounds in law, regulation, law enforcement, and public service. Several members raised concerns about contract timing and evidence handling at the Gaming Commission, while others praised the nominees’ experience and service. At the end of the meeting, the committee voted to recommend confirmation of all appointees on tabs 1 through 7. Members then requested favorable placement on the record for specific bills, including SB 468, SB 1234, SB 1260, SB 1580, and SB 1706, and the committee adjourned.

Transcript Highlights:

• WHEN WE INVEST IN STUDENT SUCCESS INITIATIVES STUDENTS PERFORM BETTER.
• THIS IS AS RECOMMENDATIONS COME WITH YOUR REPORTS AND FUTURE REPORTS BECAUSE WE’RE LOOKING AT BOTH RNS
• LADIES AND GENTLEMEN WE ALL HAVE REPORTS WE ARE REQUIRED TO DO AS REPRESENTATIVES.
• WE HAVE QUARTERLY REPORTS WE HAVE FORM SIX AND WHAT HAPPENS IF WE DON'T REPORT THOSE?
• SO THE SCHOOL IS REPORTING. WHY WOULD THE PROGRAM DIRECTOR FOR THE LICENSE BE REVOKED?

Transcript Highlights:

• Performance measures and acceptance criteria are locked in.
• This is where planning meets performance. Step seven is performance and monitoring close-out.
• We evaluate technical success, user impact, and vendor performance.
• Performance measures are accepted. Performance measures and acceptance criteria are locked in.
• This is where planning meets performance. Performance and monitoring close-out, the step seven.

Summary: The subcommittee heard a panel on Florida’s IT procurement process from the Florida Digital Service, the Department of Management Services, and the Department of Financial Services. Witnesses walked through the procurement lifecycle, including planning, market research, solicitation, evaluation, award, implementation, and closeout, and emphasized the role of budget timing, contract managers, and subject matter experts. DMS described the state’s enterprise contracting system, noting more than 1,100 active vendor agreements, over 800 involving IT services, and the statutory requirement to request 25 quotes for certain IT purchases. DFS demonstrated the Florida Accountability Contract Tracking System (FACS), explaining how agencies upload contract and payment data and how the public can search contracts and related documents online. Members focused on accountability, transparency, and whether the state is getting the best products and vendors. Questions addressed how contracts are vetted, how technical evaluations are performed, how financial consequences are used for missed deliverables, how public records and confidential information are handled, and how the state screens vendors for foreign-concern or bad-actor issues. Witnesses said agencies rely on technical experts for evaluations, that contract terms should include measurable deliverables and meaningful financial consequences, and that agencies—not procurement staff—generally manage performance, though Florida Digital Service oversees large IT projects of $10 million or more. The committee then shifted to broader policy discussion, including Senate Bill 7026 and proposals to reorganize state IT governance. Several members argued for stronger centralization under a state CIO or similar enterprise authority, while others cautioned against abrupt restructuring and stressed the need for a transition plan. Members also raised concerns about workforce retention, consulting services, recurring project overruns, and the need for better planning and periodic monitoring. No votes were taken; the meeting ended with the chair thanking members and staff and adjourning the subcommittee.

Transcript Highlights:

• IS AT THE TIMELINE FOR WHEN THE REPORT IS DUE?
• BY YOUR VOTE SB 1590 IS REPORTED FAVORABLY.
• REPORTS FOLLOWED CLOSELY BY MIAMI-DADE AND BROWARD COUNTIES EACH WITH 199 REPORTS OF HUMAN TRAFFICKING
• DUVALL COUNTY RECEIVED 148 REPORTS AND ORANGE COUNTY REPORTED 189 CASES.
• AND BY YOUR VOTE SB 444 IS REPORTED FAVORABLY.

Keywords: 999, senate, all

Transcript Highlights:

• One, performance measures.
• One, performance measures.
• Data that reports, our transit system reports a lot of data already to the National Transit Database
• performance report for all of our transit systems.
• Commission for Transportation Disavantage also collects separate data, and they report an annual performance

Summary: The committee met with a quorum present and heard a series of transportation-related bills, most of which were reported favorably. SB 532 would exempt 100% disabled veterans from paying Florida tolls. SB 1738 would allow certain counties that previously opted out of transportation concurrency to opt back in by maintaining current levels of service, though there were concerns about congestion and future growth. SB 1696 aimed to reduce transportation network company driver impersonation, allow transit authorities to contract with ride-share platforms, and permit those platforms to participate in state-funded paratransit trips. SB 1378, as amended, would allow courts to order restitution in standard leaving-the-scene crashes; the amendment made restitution discretionary and required that the driver caused or contributed to the crash. SB 1210 would increase penalties for red-light and stop-sign crashes and require bodily injury insurance for drivers who cause such crashes. SB 1820, via strike-all amendment, addressed dealer-manufacturer relations by requiring written explanations of performance measures, prohibiting retaliation against dealers asserting statutory rights, and limiting franchise termination or nonrenewal to substantial breaches. SB 1246 created a specialty license plate for safe coastal wildlife, with proceeds going to the Zoo Miami Foundation for conservation work and an amendment allowing up to 10% for administrative and marketing costs. The committee also considered SB 574, which would allow Florida residents with Purple Heart license plates to pass tolls free of charge; the bill was amended to change the plate reference to a specialty plate and was reported favorably. SB 1662, the FDOT department bill, was substantially revised by strike-all amendment covering a wide range of transportation issues, including USF’s role in the Florida Transportation Research Institute Consortium, Florida Transportation Commission provisions, seaport and airport-related changes, strategic space infrastructure, sewer lines in rights of way, small county road assistance, aggregate supply chain programs, and Jacksonville Transportation Authority board appointments. Testimony on SB 1662 included support from USF and the Florida Public Transportation Association, which raised concerns about added oversight and bureaucracy for transit systems. Most bills received support from affected stakeholders, and several were amended before final favorable votes. Roll calls were taken on each measure, and all of the listed bills were reported favorably by the committee. At the end of the meeting, senators requested to be recorded as voting in the affirmative on several bills, and the committee adjourned after a brief personal privilege remark from Chair Collins.

Transcript Highlights:

• Just for the information of the committee, you do have an investment performance report card for both
• Chair, Madam Representative, that applies to the African-American Performing Arts Center.
• American Performing Arts Center, that $375,000 is its budget for an entire year? Mr.
• Remember that the Performing Arts Center was managed by the Foundation of the African-American Performing
• With respect to this, there's been this discussion about the Performing Arts Center.

Transcript Highlights:

• The bill requires advertisements using AI-generated performers to include a disclosure if the performer
• Advancements in AI have led to the creation of synthetic performers, which are here.
• The performer is synthetic.
• And of course, this is also about the actors and voice performers that SAG-AFTRA represents.
• That creates the realistic impression of a human performer.

Keywords: 988, house, all

Summary: The Assembly Privacy and Consumer Protection Committee heard a long agenda focused largely on artificial intelligence, consumer transparency, and privacy protections. The committee first took up consent items, then heard SB 1050, which would require disclosures in advertisements that use AI-generated or synthetic performers. Supporters, including SAG-AFTRA, Teamsters, Common Sense Media, and the Music Artists Coalition, argued consumers should know when an ad uses a synthetic person and that the bill protects workers and honesty in advertising. Opponents from TechNet, the Motion Picture Association, broadcasters, and business groups said the bill was too broad, lacked a deception standard, created enforcement and compliance concerns, and should include carve-outs and stronger guardrails. The bill passed out on a divided vote. The committee then heard SB 1111, which would create liability and remedies for nonconsensual use of a person’s voice or likeness to create digital replicas or deepfakes. Supporters said the bill addresses a growing problem of exploitative AI-generated sexual content and gives victims clear legal standing; there was no opposition testimony. SB 867, a proposal to place a four-year moratorium on AI chatbot-powered toys, drew support from children’s advocates, pediatricians, and media-safety groups, who said the Legislature should pause before exposing children to potentially harmful products. Business and civil-justice groups raised concerns about broad definitions and unintended consequences, but the bill advanced after members discussed the need for clearer guardrails. Later, the committee heard SB 1247, which would let people who were monetized as child influencers delete content featuring their image and likeness once they turn 18. Supporters framed it as a privacy and healing measure for children whose lives were shared online for profit, and there was no opposition. SB 1146 would require disclosures in health-related ads that use AI-generated or synthetic depictions of health care providers; medical and pediatric groups supported it as a way to combat deceptive health misinformation, and it also passed without opposition. The committee also heard SB 1000, updating California’s AI Transparency Act to align disclosure and provenance standards with evolving technology and international practices, and SB 957, which would require social media companies to notify users before complying with certain federal administrative subpoenas and give them time to challenge them. SB 957 drew support from civil liberties and privacy groups and opposition from one member concerned about federal law-enforcement impacts; both bills advanced, along with the others heard, with roll calls left open for absent members.

Transcript Highlights:

• Chair moves that House Bill 163, as filed, be reported favorably to the full.
• Additionally, we don't change the law with respect to reporting.
• You're still going to have to report it.
• According to data from the Health and Human Services Commission, doctors have reported. performing 151
• An abortion was performed to save the girl's life.

Bills: HB44, HB2200, HB1612, HB2747, HB2038, HB3717, HB1431, HB3800, HB3801, HB3560, HB3246, HB44

Keywords: HB 44, Life of the Mother Act, abortion exceptions, medical emergency, reasonable medical judgment, pregnancy complications, maternal health, life-threatening condition, ectopic pregnancy, miscarriage, spontaneous abortion, fetal survival, Texas abortion law, abortion ban, physician liability, health care provider, disciplinary action, aiding and abetting, emergency abortion, obstetric care

Transcript Highlights:

• That's not the actual performance fund.
• "So the performance fund is the $45 million.
• With that, we'll move on to the reports. Mr.
• K-5 is the Education Adequacy Fund Report.
• K-6 is the Medicaid Trust Fund report.

Summary: The committee considered a series of appropriation, fund transfer, and reserve requests across multiple agencies. Section B temporary appropriations included funding for state technology upgrades, personnel management staffing and IT skills assessment, court reporters and interpreters, crime victim claims, juvenile sex offender assessments, radiation lab testing, and higher education workforce grants and credentialing pathways. Additional items covered an ARPA grant for the University of Arkansas Fort Smith LPN program, an IIJA grant for the Oil and Gas Commission’s critical minerals work, a restricted reserve transfer for State Police vehicle purchases, a transfer to the Arkansas Heroes Program, and cash fund requests for the Real Estate Commission’s AV system and HVAC work. Most of these items were approved by voice vote. One budget classification transfer request from the Commissioner of State Lands drew extended questioning and was ultimately not approved. Members questioned the $250,000 transfer to operating expenses tied to the purchase of a West Little Rock office building, the ongoing lease costs at the prior location, and whether the agency had adequately planned for building-related expenses. After discussion, the motion failed, and members told the agency to tighten spending and return if needed. The committee then took up 15 pay plan appropriation requests totaling $25.7 million and approved them after discussion with DFA, DHS, Corrections, and the State Board of Election Commissioners. Members focused heavily on DHS staffing shortages at human development centers, where officials said vacancies and turnover were driven by overtime and burnout rather than pay alone; one member asked DHS to submit a written plan to address the issue. Corrections reported the pay plan had improved hiring and retention. The committee also approved overtime appropriations for Emergency Management and Military. Reports on reserve funds, the Budget Stabilization Trust Fund, tobacco settlement, State Central Services, Education Adequacy, Medicaid Trust, IIJA, and revenue transfer activity were received. The Medicaid Trust Fund report prompted significant concern about February’s $90 million draw; DHS said the month was unusually high because of cash-flow timing and that the fund should end the year with a balance between $150 million and $200 million, while lawmakers noted a second $100 million set-aside is planned for FY27. The final discussion centered on DHS’s state hospital damage claim and reconstruction funding, where members expressed disappointment that insurance reimbursement would likely return only about $1.8 million now and possibly about $97,000 more later, far less than the roughly $5 million initially expected. DHS explained the policy was based on actual cash value and depreciation for old buildings, and said the work would proceed on Unit 3 for secured restoration because it was the most cost-effective option.

Transcript Highlights:

• Beginning on the 1st of January 2027, establishes prompt payment and financial reporting requirements
• performing official duties. performing official duties.
• <00:15:09.320> actively<00:15:09.720> performing teams while perform actively performing
• teams while perform actively performing special<00:15:10.520> weapons<00:15:10.839> and
• in the performance of their duties. in the performance of their duties.

Keywords: 912, senate, all

Summary: The Judiciary Committee took up a large decision-making agenda and adopted most measures, often with technical or clarifying amendments. Bills addressed wildlife habitat conservation plans, civil identification cards for 16- and 17-year-olds, electronic and mail voting for associations, remedies for unauthorized disclosure of intimate images, traffic safety around stationary vehicles and pickup truck passengers, expedited permitting for housing for people with disabilities, rainwater catchment systems, EMS advisory committee membership, social media account deletion, limits on immigration-enforcement cooperation, prompt payment rules for professional solicitors, fetal death vital statistics, protections for gender-affirming care, passenger ropeways, law-enforcement facial coverings and immigration-related detention, domestic violence, health care facility access, guardianship record sealing, child protective proceedings, remote driver’s license hearings, disposable vaping products, dog attacks, insurance premium increase explanations, the DOE harm-to-student registry, Hawaiian Homes lease succession, EMS law modernization, hoisting machine regulation, release on recognizance, language interpretation rules, civil asset forfeiture for fireworks offenses, and assisted community treatment. Several bills were deferred, including HB 1897, HB 1957, HB 2121, and HB 2324, while HB 1957 was deferred indefinitely. Most measures were adopted without recorded opposition, though HB 1875 and HB 1961 drew no votes from Vice Chair Gabbard, and HB 2413 was adopted with reservations. A number of bills received substantive amendment instructions. HB 1682 was amended with committee report language noting concerns about departing from the model act. HB 1768 and HB 1886 were revised to narrow or clarify immigration-enforcement restrictions and law-enforcement identification and facial-covering provisions, including plainclothes and undercover exceptions, a narrower civil immigration arrest/detention offense, and savings clauses. HB 2540 received extensive amendments to convert policy language into mandatory terms, refine facial-covering and identification rules, align criminal and policy exemptions, narrow immigration-related offenses, and clarify the definition of law enforcement agency. HB 2413 was amended to define violent offenses, change written findings to oral findings on the record, limit reconsideration of bail, and restrict who may request sanctions or financial conditions. Other amendments included technical fixes, bad-date corrections, severability clauses, and chapter-consistency changes. The committee also heard a joint Education/Judiciary item, SCR 105 and SR 99, urging the Department of Education to provide students information on pre-registering to vote before reaching voting age. Testimony was reported in support from the Department of Education, Office of Elections, Hawaii State Commission on the Status of Women, and the League of Women Voters. With no opposition or further discussion, the committee voted to pass both resolutions with technical, non-substantive amendments (SD1).

Transcript Highlights:

• That's already been done regarding our reports.
• So, I would like every legislator to get a copy of this report, particularly our general fund report.
• So, it depends on the performance metrics.
• But they have to report back, and there should be a report somewhere.
• So, that report can be found... state. So, that report can be found on our website as well.

Bills: SB197, HB140, SB214, HB214, HB147, HB270, SB73

Keywords: business regulation, nonprofit entities, electronic filing, merger agreements, limited liability companies, partnerships, property transfer, termination fees, HB140, private sewer systems, wastewater utilities, Public Service Commission, PSC jurisdiction, utility regulation, rate setting, rate consolidation, affiliated systems, common ownership, private utilities, sewer rates

Transcript Highlights:

• by Irma and assessment of how the systems performed.
• So the storm secure underground program continues to perform well for us.
• We continue to see great performance by our transmission grid.
• Our feeders are continuing to perform. Well, our hardened feeders are performing extremely well.
• We look at recent hurricane performance.

Keywords: 999, senate, all

Transcript Highlights:

• monitoring and reporting as well.
• We have a best guess of how the portfolio might perform.
• Relative performance over time.
• Of a portfolio's performance. We can see that here.
• And long treasuries were the worst performing asset class.

Keywords: 959, house, all

Summary: The Joint Committee on Public Employee Retirement held a hearing focused on the Missouri State Employees’ Retirement System (MOSERS) and its long-term financial condition. MOSERS staff and its investment consultant reviewed the system’s structure, membership, funding policy, and investment approach. They reported a June 30, 2025 funded ratio of 55.4%, with about $17.4 billion in liabilities and $9.6 billion in assets, and explained that the board certified a 32% employer contribution rate under its minimum contribution policy, up from 30.25%, which will increase state appropriations. They also described the system as mature, with more retirees and inactive members than active employees, and said declining payroll growth has made it harder to improve funding. The presentation emphasized that recent board actions were intended to strengthen the plan over the long term, even though they increased near-term costs. Those changes included lowering the assumed investment return over time to 6.95%, updating mortality assumptions, moving from an open to a closed amortization schedule, and adopting a minimum employer contribution policy. The investment consultant said MOSERS historically used a more risk-balanced asset allocation than many peers, which helped explain weaker relative returns during a long period when public equities outperformed; the board has since shifted toward a more equity-oriented allocation. He said recent performance has improved, with the portfolio outperforming its policy index and ranking better against peers in the short term, though longer-term peer performance remains a concern. Committee members questioned why the funded ratio had declined over roughly 20 years and whether past investment and actuarial assumptions were too optimistic or too conservative. MOSERS officials responded that the current board is trying to correct earlier decisions and that the present strategy is more in line with industry practice. Members also discussed a proposed MOSERS bill package that would automatically refund small balances to terminated non-vested members and increase deferred compensation auto-escalation, with officials saying the refund provision would improve efficiency and return small balances sooner. The committee also briefly discussed ongoing litigation involving Catalyst Capital; MOSERS said attorney fees have been about $20 million so far, the case remains on appeal, and the damages amount is sealed. No formal votes were taken, and the committee adjourned after questions and discussion.

Transcript Highlights:

• <00:43:19.839> and that representative luno uh reported and that representative luno uh reported
• report.
• report uh I'd like to<00:45:50.720> have<00:45:51.119> those<00:45:51.520> reports<
• Are you referencing the, yeah, I'm referencing report commission reports.
• what we add here is student performance what we add here is student performance is<05:13:37.440>

Keywords: 928, house, all

Summary: The Education Funding Committee met in executive session and first took up HB 193, which limits the maximum credits per course eligible for the Dual and Concurrent Enrollment Program. Representative Ladd said the bill clarifies that eligible courses may not exceed four credits and was requested by the community college system. Representative Earth offered an amendment to make the bill effective on passage, which the committee adopted 18-0. The committee then approved HB 193 as amended by an 18-0 OTPA vote and placed it on the consent calendar. The committee next retained HB 295, concerning School Building Aid program funds, after Representative Spillsbury said the building aid bills were complex and needed more work. The motion to retain passed 18-0, with the chair explaining that retained bills can be revisited later and that related language could be moved among building aid bills. HB 354 was not acted on because the chair said the Department of Education and others had suggested possible changes that should be worked out first. HB 366, another school building aid bill, was also retained 18-0 for the same reasons as HB 295. The committee then considered HB 494, which funds the math learning communities program. Representative Earth offered an amendment to flat-fund the program, reducing the proposed increase by a net $50,000 and keeping funding at current levels for the biennium. After discussion about budget pressures and the program’s role in supporting math instruction and professional development, the amendment passed 18-0, and the bill as amended was approved 18-0 and placed on consent. Finally, the committee took up HB 515, which would repeal charter public school eligibility for state school building aid. Representative Popovici-Muller moved inexpedient to legislate, arguing charter schools should not be treated differently from other public schools, while Representatives Luno and Damon opposed the motion, saying charter schools differ in governance and financial risk and should not receive limited state building aid. The motion failed 10-8, so HB 515 was sent to the regular calendar. The committee assigned Representative Damon to the minority report and Representative Popovici-Muller to the majority report, with a noon deadline the next day. The committee then began HB 716, an appropriation for the dual and concurrent enrollment program. Representative Ladd described the program as a successful affordability measure that saves families money and supports college access. Representative Earth offered an amendment to flat-fund the program at current levels, reducing the proposed increase by $500,000 in each year of the biennium. Shannon Reed of the Community College System said the change could limit enrollment or the number of funded courses, though students could still take additional courses at their own expense. Representative Ladd explained the program’s tuition structure and said the funding would help meet demand; the transcript cuts off before the final vote on HB 716.

Transcript Highlights:

• Student success incentive funds are those that are considered performance funds.
• You're familiar with those for, that's also performance funding for nursing.
• I mentioned the student success funds earlier that are based on performance.
• in the most recent reporting years.
• , so we do report on those things.

Summary: The Higher Education Budget Subcommittee met to review funding models for the Florida College System and district workforce education programs, with an emphasis on how new dollars are allocated in the program fund and how performance and targeted funding are incorporated. Chancellor Hebda explained the Florida College System model, including base program funding, student success and pipeline funds, performance incentives for industry certifications, and the 2022 president-developed formula that weights enrollment, workforce enrollment, completions, small-college factors, and regional cost differences, plus a targeted funding floor for colleges below a minimum per-FTE level. Vice Chancellor Goodman then outlined the district workforce model, which uses lagged enrollment, program cost weights, local revenue offsets, small-district adjustments, and unmet-need calculations to distribute lump-sum appropriations to school districts offering workforce education. The department also provided updates on several grant programs and funding delays. Goodman said the Workforce Development Incentive Grant, Pathways to Career Opportunities Grant, Graduation Alternative to Traditional Education Startup Grant, and teacher apprenticeship/mentor bonus programs all involve multi-year awards and often require reversions and reappropriations because projects are delayed, extended, or not fully obligated by year-end. She said the department is moving toward an electronic grants system and had already adjusted internal deadlines to speed awards, while acknowledging some reimbursement delays and explaining that mentor bonuses for teacher apprentices will not be paid until the first cohort reaches the statutory timing requirement. Members asked about tracking whether CTE students work in their trained fields, how Xello is used to inform students about career pathways, how FTE is calculated, whether the funding formulas could encourage growth over quality, and how students with disabilities are counted in workforce funding. Questions also focused on tuition, enrollment trends, and the gap between college and university funding. The committee heard that tuition has remained flat for more than a decade, enrollment has rebounded from COVID and is projected to exceed pre-pandemic levels, and the college system’s funding per FTE varies widely. Valencia College President Kathleen Plinsky testified in support of the proposed formula and an additional $200 million for the Florida College System, saying Valencia is the second-largest college in the state but ranks last in per-FTE funding, which has made it difficult to recruit and retain faculty and admit qualified students in high-demand programs like nursing. The committee took no vote and adjourned after the presentations and questions.

Transcript Highlights:

• . of our lowest performing schools.
• On the tax cuts, originally, TEA had reported that it would be $18 billion, but it's actually coming
• And so for the last two years, no one has. had any sort of public accountability for performance and
• I was just reporting agency. Yeah, I was purporting to you. What is in house bill one?
• The private school is a mandatory reporter to us.

Keywords: 1184, house, all

Transcript Highlights:

• So I'm happy to report that.
• In 2025, we issued 353 audit reports.
• The Performance Division, which currently has 7 auditors, conducts operational and performance audits
• They are required to report.
• Thank you for being here and for your report.

Keywords: 914, all

Transcript Highlights:

• The finding begins on page four of the report. words. ...of the report.
• On pages five and six of the report, there are more details on the internal controls and testing performed
• reported in that system.
• we report out on it.
• The performance audit final draft report is on pace to be done in August, just in time to present it

Keywords: 908, all

Transcript Highlights:

• They are responsible for performing the annual evaluation of the plan.
• monitoring and reporting as well.
• A big part of our funding is how the MOSERS investment portfolio performs.
• And long treasuries were the worst performing asset class.
• That longer-term performance is going to take time to improve relative to peers.

Summary: The Joint Committee on Public Employee Retirement held a hearing focused on the Missouri State Employees’ Retirement System (MOSERS) and its long-term financial condition. MOSERS Executive Director Abby Spieler and investment consultant Tim McKinery outlined the system’s structure, membership, funding policy, and investment approach. They reported that as of the June 30, 2025 valuation, MOSERS had a 55.4% funded ratio, about $17.4 billion in liabilities, and about $9.6 billion in assets. They explained that the FY27 employer contribution rate was certified at 32% under the board’s minimum contribution policy, up from 30.25%, and said the increase is tied to a $46 million new decision item in House Bill 5. The presentation emphasized that MOSERS is a mature plan with more retirees and inactive members than active employees, and that slow or declining payroll growth has made it harder to pay down unfunded liabilities. MOSERS described recent policy changes intended to improve long-term stability, including lowering the investment return assumption over time, updating mortality assumptions, and adopting a minimum employer contribution policy. The board’s 2024 asset-liability study also led to a shift toward more public equity exposure and less fixed income, with the consultant saying asset allocation has been the main driver of relative investment underperformance versus peers in recent years, though recent returns have improved and the portfolio has outperformed its policy index over shorter periods. Committee members questioned why the funded ratio has fallen over time, whether past investment assumptions were too optimistic, and whether the board had been too conservative in its asset allocation. MOSERS representatives responded that the earlier strategy was a board-approved risk-balanced approach and that hindsight makes the results easier to judge, while stressing that current changes are intended to improve long-term outcomes. Members also asked about the impact of inactive members, the automatic refund proposal for small terminated accounts, and the ongoing Catalyst Capital litigation. MOSERS said the proposed legislation would automatically refund small inactive balances and auto-escalate deferred compensation contributions, and reported that litigation-related attorney fees have been about $20 million so far. No votes were taken, and the committee adjourned after questions and discussion.