Video & Transcript : 'actuarial valuation' :

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NM

New Mexico 2026 Regular Session

House - Health and Human Services Feb 7th, 2026 at 09:05 am

House Health & Human Services

Transcript Highlights:
  • My dream is someday having an actuary actually hired by the committee.
  • And then obviously, if we're going to have an actuarial and folks with expertise in health care, we're
ID

Idaho 2026 Regular Session

Jan 29th, 2026

Transcript Highlights:
  • funds the investment management program. ...and other portfolio investment costs like advisory and actuarial
  • Some highlights from our most recent fiscal year, including our actuarial evaluation: We had net investment
Summary: The Joint Finance-Appropriations Committee heard budget presentations for the Idaho Military Division, the Division of Veterans Services, and the Public Employee Retirement System of Idaho (PERSI). For the Military Division, analysts and Major General Tim Donnellan reviewed the division’s structure, recent transfer of emergency medical services into the division, and the fiscal year 2027 request. The request included a small general fund amount for hazardous materials response, a pay-parity adjustment for state employees tied to federal military pay scales, and a dedicated-fund enhancement for overhead recovery, offset by rescissions including vacant positions and reduced tuition assistance. Members asked about the 3% rescission, EMS transition costs, and why certain CEC-related positions appeared in and out of the budget; the general said the division had absorbed the cut but that further reductions could affect education assistance for Guardsmen. He also described the EMS transition as smooth and said the division was modernizing its Army and Air components. The committee then reviewed the Division of Veterans Services budget and heard from Administrator Mark Champal. The analyst outlined the division’s homes, cemeteries, veteran assistance programs, and fiscal year 2027 requests, including one-time equipment and replacement items, an ongoing reduction for expiring software fees, and reductions for long-vacant positions. Questions focused on nursing shortages, contract labor, the miscellaneous revenue fund, and memory-care capacity. Champal said the division is using a temporary nursing pool to reduce reliance on contract nurses and expects to save nearly half a million dollars, while continuing to struggle with staffing. He said the Boise home currently meets memory-care needs and that the new Boise facility could expand if needed. He also highlighted outreach efforts, claims assistance, cemetery services, and the division’s efforts to connect veterans with outside support. Finally, PERSI’s budget was presented and discussed with Director Mike Hampton. The analyst described the retirement system’s defined benefit and defined contribution plans, the ongoing pension software upgrade, and one-time requests for the final software phase, disaster recovery planning, and IT replacements. Committee members asked about administrative growth, who participates in PERSI, software maintenance costs, and why there was no general fund rescission. Hampton explained that PERSI is fully funded by employer and employee contributions, that the software project is nearing completion, and that the annual maintenance increase reflects licensing costs. He also discussed post-retirement allowance adjustments, saying the board recommended a retroactive catch-up through 2022 and that future increases depend on fund performance and legislative action. The committee also discussed the merits and risks of defined benefit versus defined contribution plans, and Hampton said PERSI remains well funded, with strong investment returns and broad participation across Idaho public employers. The meeting ended with adjournment until the next morning.
FL

Florida 2026 Regular Session

Banking and Insurance Jan 13th, 2026

Banking and Insurance

Transcript Highlights:
  • pooling together and basically self-insuring medical-related costs, but it's not insurance on an actuarial
  • If it's just you and I in the pool, there's really no actuarial anticipation or forecasting for what
Bills: S0266 , S0394 , S0540 , S0632 , S0642 , S0832 , S0834 , S1028
Summary: The Committee on Banking and Insurance met with a quorum and took up several bills, beginning with SB 834 on insurance requirements for nonprofit religious organizations and health care sharing ministries. The bill repeals a recent restriction on licensed insurance agents marketing or selling faith-based health care sharing programs. Supporters argued the change restores free speech and consumer education while preserving existing fraud and disclosure protections; opponents said allowing agents and brokers could create consumer confusion and has been associated with bad actors. A title amendment was adopted, and after debate the committee reported the bill favorably. The committee also heard and passed SB 642, which extends reporting and duty requirements to foreign and alien bail bond insurers, and SB 394, a technical bill updating reinsurance intermediary manager law to match current DFS practice. SB 266, which lets vulnerable adults rescind public adjuster contracts without penalty, was reported favorably after testimony from supporters in the insurance and elder law communities and a public adjuster who said the intent was good but the bill may need refinement. SB 832, a residential property insurance transparency bill requiring rate breakdown reports and a consumer resource center, also passed after discussion about consumer clarity and whether the required cost categories can be compiled as written. Later, the committee approved SB 540, which creates cybersecurity requirements for mortgage and money service businesses, closes a regulatory gap for certain investment advisers, adjusts OFR examination-payment deadlines, changes de novo charter requirements, allows virtual credit union meetings, and makes other financial regulation updates. Several amendments were adopted, including a substitute amendment removing fintech sandbox provisions. Finally, SB 1028 on Citizens Property Insurance Corporation was reported favorably after debate over a commercial lines clearinghouse intended to reduce Citizens’ exposure and shift more business to the private market; members discussed taxpayer risk, market competition, and consumer protections. The meeting ended with adjournment.
ND

North Dakota 2025-2026 Regular Session

Senate Floor Session Apr 21st, 2025 at 12:30 pm

North Dakota Senate Floor Meeting

Transcript Highlights:
  • And so what happens in a non-grandfathered plan, actuarially, the previous speaker is right about the
  • I will tell you it was not done by an actuary.
Summary: The Senate reconvened and handled several House messages and conference committee appointments before taking up a series of bills. It appointed conference committees on Senate Bill 2265 and House Bills 1454, 1448, and 1524. The chamber also adopted a Senate amendment to House Bill 1216, delaying its effective date for the copay accumulator prescription drug bill to January 1, 2026, with later renewal timing for non-PERS plans. House Bill 1216 then came up for final passage. Senators debated whether allowing copay accumulator programs to count manufacturer coupons toward deductibles would help patients with expensive drugs or unfairly shift costs to insurers and other policyholders. Supporters said it would help people afford life-saving medications and that the coupon payments go to pharmacies, not insurers; opponents argued it could raise premiums and create perverse incentives for drug pricing. The bill passed 29-18. The Senate also concurred in House amendments to Senate Bill 2160, which changes health insurance benefits under the Uniform Group Insurance Program to move from a grandfathered to a non-grandfathered plan, with supporters emphasizing added benefits and flexibility and opponents warning of higher costs and irreversible changes. That bill passed concurrence 33-14 and final passage 39-8. The Senate next concurred in House amendments to Senate Bill 2339, the wildfire mitigation bill, which requires utility mitigation plans to be updated every two years, incorporate national electric standards, and creates a rebuttable presumption of reasonable care if the plan is followed. The bill then passed final passage 46-1. The chamber also adopted conference committee reports and passed House Bill 1460 on adult foster care and monitoring devices, House Bill 1440 on cigar lounge tobacco use, and Senate Bill 2374 on insurance-related provisions including property insurance arbitration, managed repair programs, and surplus lines issues; SB 2374 also added a study on towing and recovery coverage. The session ended with announcements of upcoming conference committee meetings and adjournment until April 22, 2025.
MN

Minnesota 2025-2026 Regular Session

Taxes Committee Meeting - 2025-05-06

Taxes

Transcript Highlights:
  • property receiving the 4D2 property tax classification be valued based on the normal approach to valuation
  • This may result in overall lower valuations, as noticed in previous studies.
Bills: HF2730 , HF2257 , HF2768 , HF1932 , HF2437
Committee: House Taxes
MN

Minnesota 2025-2026 Regular Session

Committee on Health and Human Services - 04/08/26

Health and Human Services

Transcript Highlights:
  • However, that really hasn't been borne out in retrospective analysis and also a multi-year actuarial
  • When reimbursement falls below cost, pharmacies close. um actuarially um actuarially uh<01:28:27.680>
  • </c> analysis and also a multi-year actuarial analysis and also a multi-year actuarial review<01:28:59.200
  • ><c> actuarial</c><01:28:59.920><c> review</c><01:29:01.000><c> in</c><01:29:01.080><c> the</c><01:29
  • :01.160><c> state</c><01:29:01.400><c> of</c> review actuarial review in the state of review actuarial
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Cannabis Policy Jun 21st, 2026 at 10:30 am

Joint Committee on Cannabis Policy

Transcript Highlights:
  • There's a lot of documentation, a lot of valuation work.
  • There's a lot of documentation, a lot of valuation work. It's a big lift to get it done.
  • A lot of valuation work. It's a big lift to get it done.
  • in Massachusetts who are effectively being forced to close their doors or exit at below-market valuations
  • It is not the reason my valuation has changed, but a license cap would decrease my store's value and
Summary: The Joint Committee on Cannabis Policy held its first hearing of the 194th session to take public testimony on 21 cannabis-related bills. Chairs Donahue and Gómez outlined hearing procedures and noted that written testimony would also be accepted. Much of the hearing focused on the Cannabis Control Commission (CCC), with Senator Mike Moore urging support for S. 90 to create an inspector general unit within the CCC. He argued the commission has suffered from dysfunction, workplace harassment allegations, delayed governance reforms, missed fee collections, and high legal costs, and said stronger legislative oversight is needed. Committee members largely agreed the CCC needs reform, though some expressed hope that new leadership would improve operations. A major theme was market structure and business viability. Representative Tyler testified for H. 183 to raise adult-use purchase limits from one ounce to two ounces, saying the change would reduce confusion and help retailers compete with neighboring states. Senator Payano supported S. 100, which would require a study of cannabis supply and demand to guide cultivation licensing, warning that oversupply is driving down prices and threatening cultivators. The Massachusetts Cannabis Coalition, represented by Ryan Dominguez, backed a package of bills aimed at increasing revenue, reducing regulatory burdens, attracting investment, and stabilizing the market, including higher purchase limits, simpler badge and testing rules, and a phased increase in the retail license cap. Attorneys Kevin Conroy and Mike Ross also supported raising the cap, arguing that the industry lacks capital and that more investment and exit opportunities are needed for provisional and distressed licensees. The most contentious issue was whether to raise the retail license cap from three to six. Supporters, including several business owners and industry advocates such as Peyton Shubrick, Tito Jackson, Armani White, Sean Burt, and others, said the current cap traps owners in declining businesses, prevents exits, and limits access to capital. They argued that many social equity and economic empowerment operators are struggling, that oversupply has pushed prices down, and that allowing more ownership could help businesses scale or sell. Opponents, including Senator Liz Miranda and several social equity operators, warned that lifting the cap now would let larger operators and multi-state companies dominate the market and harm equity-owned businesses. Miranda’s S. 88 would instead strengthen enforcement of ownership limits through audits, whistleblower protections, an anonymous tip line, and greater transparency. Another major topic was worker and consumer safety: Laura Bruno, Danny Carson, Al Vega, and others supported H. 194 after the death of Lorna McMurray, arguing for a CCC workplace and consumer safety department, better ventilation and PPE standards, stronger testing oversight, and retaliation protections for workers. The hearing ended without votes, with members thanking testifiers and indicating the committee would continue reviewing the bills.
FL

Florida 2026 5th Special Session

Appropriations Jun 1st, 2026

Transcript Highlights:
  • procedure for those local governments for their respective levies to increase the amount of assessed valuation
  • exempt from taxation up to all remaining assessed valuations.
  • But when we say that they may adopt a schedule up to all remaining assessed valuation, doesn't up to
  • Remaining assessed valuation doesn't up to that level also include just one extra dollar of exemption
  • We've learned today that property valuations have increased 5.5 percent.
Summary: The Committee on Appropriations took up SJR 2-F, a proposed constitutional amendment to reduce property taxes by lowering assessment caps on non-homestead property, expanding homestead exemptions over time, and allowing local governments to increase exemptions further. The sponsor argued the measure would provide broad property tax relief while requiring revenues to be directed to core services such as public safety, education, infrastructure, and natural resource projects, with a trust fund intended to help local governments transition. Senators raised concerns about the lack of a fiscal score, the effect on counties, cities, school districts, and special districts, and whether the proposal would shift costs to fees or other taxes. Several amendments were debated. Senator Polsky’s amendment to explicitly authorize user fees and non-ad valorem assessments to offset lost property tax revenue failed. Senator Avila’s amendment broadening permissible uses of ad valorem revenue to include county constitutional officers and other expenditures approved by local governing bodies was adopted after debate over whether the bill would otherwise underfund essential functions. Senator Smith’s sunset amendment, which would have made the constitutional changes expire after five years, failed. Senator Smith’s amendment to allow tourism development tax revenue to support public safety and education also failed. Senator Graal’s amendment removing the constitutional trust fund language was adopted, with supporters arguing the Constitution should not promise an unfunded account. Additional late-file amendments were considered. Senator Berman’s proposal to change the ballot title to more neutrally describe the measure as affecting property taxes and local community service reductions failed. Senator Trumbull’s amendment removing school board ad valorem taxes from the proposal was adopted, preserving school taxes. Senator Smith’s amendment narrowing the non-homestead assessment cap reduction to small businesses only failed. The committee then returned to the bill as amended and continued questioning the sponsor about eligibility, fiscal impacts, and whether the proposal could lead to local governments offsetting lost revenue through special assessments or other charges.
FL

Florida 2026 Regular Session

Appropriations Jun 1st, 2026

Appropriations

Transcript Highlights:
  • procedure for those local governments for their respective levies to increase the amount of assessed valuation
  • exempt from taxation up to all remaining assessed valuations.
  • But when we say that they may adopt a schedule up to all remaining assessed valuation, doesn't up to
  • Remaining assessed valuation doesn't up to that level also include just one extra dollar of exemption
  • We've learned today that property valuations have increased five and a half percent.
Summary: The Committee on Appropriations took up SJR 2-F, the proposed constitutional amendment on property tax relief, which would reduce assessment growth on non-homestead property, expand homestead exemptions, create a new exemption for new homesteaders, and direct counties, cities, and school districts to use property tax revenues for specified core services. Senator Avila presented the measure as the governor’s plan to provide historic relief and argued that local governments should tighten budgets and prioritize core functions. Senators raised concerns about the lack of fiscal scoring, the breadth and ambiguity of the permitted uses, the effect on special districts and local services, and whether the proposal would shift costs to fees or other taxes. The committee adopted several amendments, including Avila’s amendment clarifying that ad valorem revenues could be used for county and municipal operations and administration and other expenditures not prohibited by law, and Trumbull’s amendment removing school board ad valorem taxes from the proposal. Other amendments failed, including proposals to allow user fees and non-ad valorem assessments, add a sunset, redirect tourism development taxes, narrow the small-business provision, and change the ballot title to reference local service reductions. Grall’s amendment removing the constitutional trust fund requirement was adopted, while the committee also rejected Berman’s title-change amendment and Smith’s sunset and tourism-tax amendments. The committee then returned to the bill as amended for questions, including extended debate over whether the proposal would affect noncitizen residents, the impact on local government finances, and whether local governments would respond with higher fees or special assessments. The meeting ended with the bill still under discussion after the final round of questions, with Avila saying he would continue working with the governor’s office on the language before the next vote.
NH

New Hampshire 2025 Regular Session

House Education Funding (09/09/2025)

Transcript Highlights:
  • It is based upon median family income and property valuation.
  • based upon medium family income and is based upon medium family income and property<00:50:20.079><c> valuation
  • </c> property valuation. property valuation.
  • a formula makes the amount more or less depending on criteria like free and reduced or equalized valuation
  • </c><01:39:36.159><c> or</c> reduced or equalized valuation or reduced or equalized valuation or whatever
Summary: The subcommittee opened its first meeting on retained education funding bills, focusing on HB 366, which concerns school building aid for eligible projects, and HB 295, which would make school building aid program funds non-lapsing. The chair framed the discussion broadly around whether school building aid should remain a state program, how to address limited revenues, and whether the current system should continue to prioritize debt service and the existing formula or move toward a different model such as per-pupil allocations, a dedicated fund, or a split between new construction and renovation. He also raised questions about whether leasing should be included and how to manage any new fund under current law and the school building authority structure. Representatives and department staff discussed the current backlog of applications, the age and condition of school facilities, and the possibility that large projects can consume available funding for a year while other districts go unsupported. Tim Carney of the Bureau of School Facilities introduced himself and provided technical context on the program and current debt levels. Representative Luneau argued that under the ConVal decision, the state’s responsibility includes school buildings, construction, and renovation, and that the program also serves an equity function by helping districts with less property wealth. He noted that construction and renovation have long been recognized categories and asked about leasing, which staff said is already supported in statute for charter schools and possibly CTE, with a cap of 30% of annual lease cost or $50,000. The discussion also covered CTE facilities: staff explained that capital funding for CTE centers is state-funded, that federal Carl Perkins funds cannot be used for construction, and that the current rotational capital model means only a few centers are funded each year, which may not match changing program needs. A committee studying CTE capital needs was referenced, along with concerns that the report from that work had not yet been received. Representative Papich urged the subcommittee to focus on policy, principles, and structure rather than just numbers, saying the current system produces a few winners and many districts that never receive aid. He favored a simpler, more equitable per-capita or formula-based approach, while acknowledging the need for a transition plan for projects already in the pipeline. The chair later cautioned against mixing maintenance and operations with construction and renovation, noting that operation and maintenance are already part of the adequacy formula and should not be confused with capital funding. No votes were taken during the meeting; the discussion was exploratory, with members and staff laying out competing approaches and identifying issues for further work.
TX

Texas 89th Regular

89th Legislative Session May 28th, 2025

Texas House Floor Meeting

Bills: SB15 , SB646 , SB800 , SB790 , SB748 , SB571 , SB1957 , SB1923 , SB1896 , SB1760 , SB1335 , SB2368 , SB2477 , SB2587 , SB2986 , SB2965 , SB1563 , SB1467 , SB1164 , SB1137 , SB614 , SB705 , SB918 , SB955 , SB869 , SB850 , SB863 , SB1055 , SB2206 , SB457 , SB2337 , SB1610 , SB1362 , SB926 , SB1494 , SB251 , SB456 , SB500 , SB1307 , SB2615 , SB2995 , SB2321 , SB2972 , SB973 , SB865 , SB506 , SB1522 , SB1558 , SB510 , SB667 , SB763 , SB2073 , SB1858 , SB1660 , SB2900 , SB1433 , SB1540 , SB1964 , SB1300 , SB1644 , SB2217 , SB2373 , SB2431 , SB1758 , SB974 , SB2480 , SB3039 , SB3047 , SB2781 , SB826 , SB766 , SB527 , SB1946 , SB2885 , SB1243 , SB2610 , SB857 , SB2501 , SB66 , SB268 , SB331 , SB1302 , SB519 , SB2807 , SB13 , SB7 , SB1718 , SB1567 , SB1233 , SB413 , SB2177 , SB30 , SB2024 , SJR1 , SCR27 , SB2018 , SB1580 , SB2121 , SB1049 , SB1266 , SB1400 , SB1596 , SB2753 , SB2221 , SB1719 , SCR9 , SB204 , SB437 , SB568 , SB612 , SB672 , SB710 , SB823 , SB876 , SB904 , SB905 , SB968 , SB1084 , SB1207 , SB1230 , SB1313 , SB1504 , SB1790 , SB2232 , SB2366 , SB2367 , SB2398 , SB2515 , SB2520 , SB2589 , SB2786 , SB2790 , SB3048 , SB3050 , SB3052 , SB3053 , SB3056 , SB3029 , SCR3 , SCR18 , SCR30 , HCR146 , HCR148 , HCR149 , HCR153 , HCR155 , HCR157 , HB5560 , HB762 , HB1584 , HB 107 , HB 114 , HB138 , HB4386 , HB2495 , HB581 , HB3348 , HB5323 , HB4341 , HB6 , HB2712 , HB171 , HB3153 , HB143 , HB2688 , HB3464 , HB449 , HB3486 , HB4263 , HB2 , HB1522 , HB24 , HB 1237 , HB2637 , HB3126 , HB3233 , HB4310 , HB3487 , HCR9 , HB5331 , HB1397 , HB163 , HB3250 , HB3071 , HB3463 , HB5033 , HB35 , HB3824 , HB216 , HB4226 , HB3512 , HB18 , HB5154 , HB 103 , HB851 , HB647 , HB4520 , HB3016 , HB2313 , HB2818 , HB2851 , HB4486 , HB4264 , HB1500 , HB5081 , HB2974 , HB2080 , HB4384 , HB5659 , HB493 , HB4903 , HB2516 , HB4488 , HB4530 , HB3689 , HB145 , HB43 , HB5247 , HB2221 , HB5671 , HB700 , HB3711 , HB 120 , SB17 , SB1637 , SB1833 , SB2155 , SB21 , SB2778 , SB379
ID

Idaho 2026 Regular Session

Mar 11th, 2026

Business

Transcript Highlights:
  • They've used actuaries. They've divined. Obviously, a lot of these carriers do have rate models.
  • They've used actuaries. They've developed a lot of this over time.
  • they're showing how they can be more profitable by having these different factors in their, you know, actuarial
Committee: House Business
OK

Oklahoma 2026 Regular Session

Senate Legislative Session Apr 16th, 2026

Oklahoma Senate Floor Meeting

Transcript Highlights:
  • That current pension system is well, well over 100% funded, and the actuarial studies that we've looked
  • President, is there an actuarial report on this provision? Thank you very much for the question.
  • There is not a direct actuarial report related to this change other than communication with the pension
  • And so without an actuarial study, I was just trying to understand during this five-year time frame,
Summary: The Senate opened with roll call, prayer, and several gallery introductions recognizing guests and honorees, including the Medford Cardinals football team for their academic and athletic success, Guthrie Day, the Oscar J. Upham post office designation, the OKC Spark professional softball team, the Elks organization, and the YMCA’s 175th anniversary. Senators also welcomed a new intern and acknowledged Senator Carl McDowell’s return to the chamber. Most of the early floor time was devoted to ceremonial citations and concurrent resolutions, all of which were adopted without recorded opposition. The chamber then moved through a series of Joint Committee Reports and third-reading votes on appropriations and related measures. HB 4031 reauthorized $41 million for previously approved ODAA projects and passed 36-8, declared an emergency. HB 4032 redirected industry fees to the Department of Mines and passed 34-11, emergency. HB 4034 appropriated $142,137 for salary increases for certified shorthand reporters and passed 45-0, emergency. HB 4036 transferred $5 million from the Film and Oklahoma revolving fund to a new sitcom-related revolving fund and passed 30-15. HB 4037 raised the Ethics Commission Fund retention cap from $150,000 to $250,000 and passed 45-0, emergency. Several transportation, health, and public safety measures also advanced. HB 4038 moved $5 million for the eight-year road plan and additional project funding, passing 28-17 and then as an emergency measure after vote changes. HB 4040 set up cash-flow funds for the State Department of Health’s $223 million federal award and passed 45-0, emergency. HB 4041 appropriated $2.25 million to the Attorney General, including $2 million for a trafficking victim pilot program and $250,000 for a public safety technology fund, and passed as an emergency. HB 4042 appropriated $500,000 for the Commerce census revolving fund and passed 35-9. HB 4043 transferred $1 million to Emergency Management for Oklahoma Task Force 1 and passed 44-0, emergency. The most extended debate centered on HB 4045 and HB 4046, which expanded and funded the Military Readiness, Innovation, Education, and Aviation program. Supporters said the measures would help military bases, schools, infrastructure, simulation training, and defense-related economic development; critics questioned the broad language, lack of detail, and whether the projects fit a broader strategy. HB 4045 passed 37-7 and HB 4046 passed 39-7, both as emergency measures. HB 4047 funded Commerce projects including housing for aged-out foster youth, the State Fair, a university upgrade, and a COG-related economic development request; it passed 30-16 and then 40-6 as an emergency. HB 4048 appropriated $13 million for transportation infrastructure, drew criticism for bypassing the eight-year plan, and passed 36-10 before being declared an emergency. Finally, HB 4030, the Education Budget Limits Bill, was explained in detail, including $43.75 million for the Strong Readers formula, $5 million for literacy coaches, and $5 million for a charter school revolving loan fund; after questions about bonds, charter schools, and the revolving fund, it passed 39-5 and was declared an emergency measure.
NH

New Hampshire 2026 Regular Session

Senate Finance (03/17/2026)

Finance

Transcript Highlights:
  • Uh, but because the actuaries that were consulted in the drafting of that said that it did not have enough
  • 45.840><c> but</c><00:06:46.800><c> because</c> Uh but because Uh but because the<00:06:49.120><c> actuaries
  • <c> were</c><00:06:50.040><c> consulted</c><00:06:50.760><c> in</c><00:06:50.880><c> the</c> the actuaries
  • that were consulted in the the actuaries that were consulted in the drafting<00:06:51.560><c> of</c>
Committee: Senate Finance
WA

Washington 2025-2026 Regular Session

Senate Ways & Means Feb 9th, 2026 at 10:30 am

Ways & Means

Transcript Highlights:
  • A fiscal note is not yet available for the Office of the State Actuary, but they anticipate there will
  • There’s an actuarial fiscal note showing a near-general fund cost of $300,000 and additional indeterminate
  • the PFML statutory rate formula and requires that premium rates be set according to the annual ESD actuarial
  • the PFML statutory rate formula and requires that premium rates be set according to the annual ESD actuarial
Committee: Senate Ways & Means
HI

Hawaii 2025 Regular Session

LBT-PSM, EIG-LBT, LBT Public Hearings 02-03-2025

Labor and Technology

Transcript Highlights:
  • did have a DROP initiative way back when, and we do have a study that was done, I believe by the actuarial
  • the that was done I believe it was by the Consultants<00:10:35.360><c> the</c><00:10:35.519><c> Actuarial
  • </c><00:10:36.480><c> uh</c><00:10:36.639><c> consultants</c> Consultants the Actuarial uh consultants
  • Consultants the Actuarial uh consultants for<00:10:37.399><c> the</c><00:10:37.519><c> ERS</c><00:10
Summary: The joint hearing covered Senate Bills 470, 828, 730, and 1383. SB 470 would create a deferred retirement option program for police officers. The Employees Retirement System warned it could worsen the system’s $14.1 billion unfunded liability by stopping employer and employee contributions during the DROP period, and the Attorney General raised possible tax-qualified status, Internal Revenue Code, and age-discrimination concerns. Police and other supporters testified in favor, but the committees ultimately recommended deferring the bill indefinitely. SB 828 would expand workers’ compensation medical benefits for firefighters to cover an additional respiratory condition. The Department of Labor and Industrial Relations and the Hawaii Firefighters Association supported the measure, citing occupational exposure and health risks. The committees recommended passage with amendments, and the motion was adopted by both committees. SB 730, which concerns allowance on service retirements, drew support from the Department of Human Resources Development and the Department of Law Enforcement, but also comments from the Attorney General and ERS. DHRD said the bill could help recruitment and retention but requested more time to work on language with ERS, Budget and Finance, and the AG’s office. The committees postponed decision-making until Friday, February 7, at 3:15 p.m. in Conference Room 225. SB 1383, relating to fire protection, received broad support from the Governor’s office, Department of Defense, DLNR, Hawaiian Electric, and others. The committees agreed to pass it with amendments, including language suggested by the Hawaii Insurance Council on wildfire-related insurance issues and a committee report link to the Lina fire forward-looking report, phase three. The amended recommendation was adopted by both committees. Later in the meeting, the committees also heard SB 1360 and SB 1361 on ERS administrative and reporting matters, SB 340 on HLRB enforcement authority, and SB 997 on energy; SB 1360 and SB 1361 were presented as housekeeping measures, SB 340 drew disagreement between the Attorney General and HLRB over enforcement authority, and SB 997 was amended to incorporate prevailing-wage renewable energy rate language from SB 743 and then passed with amendments.
ND

North Dakota 2026 1st Special Session

Tribal and State Relations Committee Apr 13th, 2026 at 01:00 pm

Tribal and State Relations Committee

Transcript Highlights:
  • And we basically, we handle centrally assessed issues, calculations, and property tax valuation challenges
  • And we basically, we handle centrally assessed issues, calculations, and property tax valuation challenges
  • and ...and property tax valuation challenges and concerns from citizens, from property owners.
MN

Minnesota 2025-2026 Regular Session

Committee on Taxes - 03/13/25

Taxes

Transcript Highlights:
  • So the bargain that we were trying to achieve just hasn't kept up with the rapid valuations that we've
  • So the bargain that we were trying to achieve just hasn't kept up with the rapid valuations that we've
  • So the bargain that we were trying to achieve just hasn't kept up with the rapid valuations that we've
Bills: HF1359 , HF1829 , HF290 , HF1933 , HF926
Committee: Senate Taxes
CA
Transcript Highlights:
  • Our contracted actuaries develop a rate range that constitutes a reasonable range of payment rates.
  • So the proposal is to cap the rates at the lower bound of the actuarially sound rate.
  • Member, if I may, the rates that we are adjusting here are actuarially sound.
  • And so we are still proposing the lower bound rate to be consistent with, you know, actuarially sound
  • And if our actuary certifies that these services can be provided at this rate, we would think that they
CA
Transcript Highlights:
  • Our contracted actuaries develop a rate range that constitutes a reasonable range of payment rates.
  • So the proposal is to cap the rates at the lower bound of the actuarially sound rate.
  • Member, if I may, the rates that we are adjusting here are actuarially sound.
  • And so we are still proposing the lower bound rate to be consistent with, you know, actuarially sound
  • And if our actuary certify that these services can be provided at this rate, we would think that they
Summary: The Assembly Budget Subcommittee on Health held a May Revision hearing covering several health-related budget proposals and broader concerns about the state’s budget structure. The Chair opened by praising some May Revision changes, such as added health IT funding, county administration support tied to Medi-Cal changes, a delay in Medi-Cal cuts for some lawfully present immigrants, and additional support for Covered California subsidies, while criticizing proposed increases in Medi-Cal premiums, changes to senior eligibility, the lack of a Medi-Cal dental solution, and other reductions affecting counties, mobile crisis units, workforce incentives, and physician shortages. The Legislative Analyst’s Office said the state’s budget condition remains weak despite progress on the structural deficit, and the Department of Finance said the May Revision uses a mix of reductions, reforms, revenue proposals, and fund shifts to cut out-year deficits. The committee first heard Department of State Hospitals proposals, including adjustments to county bed billing authority, contract exemption language for online clinical/pharmacy subscriptions, reversion of unspent funds, a revised Metro Central Utility Plant replacement project, electronic health record implementation, and workforce development funded partly through Behavioral Health Services Act resources. DSH also described savings and realignments in incompetent-to-stand-trial and conditional release programs, including extending the independent placement panel program and shifting funds to support additional bed capacity and a mental health rehab center. Members asked about the use of BHSA funds for workforce programs, and the department said the proposal would replace General Fund support with BHSA reimbursements. The Emergency Medical Services Authority proposed funding for statewide behavioral health crisis response guidance and for enterprise system development, and the Department of Managed Health Care proposed modernization of its complaint system and claims-settlement data system to improve oversight and comply with AB 3275. The largest discussion centered on the administration’s BHSA spending plan under Proposition 1, including state-directed prevention, workforce, and other uses, plus General Fund offsets for existing programs. The LAO questioned whether some proposed offsets fit Proposition 1’s non-supplant and eligible-use requirements, while the administration argued the uses were consistent with the measure and that the state-directed share can be adjusted annually. The Commission for Behavioral Health’s proposals drew the most public and member concern. The administration proposed cutting the commission’s Innovation Partnership Fund from $20 million to $10 million and reducing the Community Advocacy Program by $6.7 million, while redirecting BHSA dollars to other state purposes and direct services. Commissioners, advocates, and several members argued the cuts would weaken community voice, reduce support for underserved populations, and disrupt grants already in process; they also objected to using BHSA funds to backfill General Fund commitments. Public commenters, including youth, disability, behavioral health, LGBTQ, tribal, veteran, immigrant, and community-based organization representatives, overwhelmingly opposed the cuts and urged preservation of prevention, advocacy, mobile crisis, and innovation funding. No votes or final actions were taken during the hearing.