Video & Transcript Research : 'budget stabilization'
Page 52 of 500
VA
Transcript Highlights:
- That was what was in the governor's budget.
- We have a stabilized leadership structure.
- So we have a stabilized leadership structure.
- If you look at grant year 26, we anticipate a budget shortfall.
- I know I did put in a budget amendment that, Mr.
NH
Transcript Highlights:
- they're about a third of our state budget and our state budget does important stuff.
- state budget does important stuff. state budget does important stuff.
- fact that municipalities have budgets. fact that municipalities have budgets.
- We used to as an stabilization.
- It can be used for rate stabilization. stabilization. stabilization. uh<01:40:58.400>
absolutely
NM
New Mexico 2025 Regular Session
IC - Legislative Education Study Dec 18th, 2025 at 09:13 am
NM
Transcript Highlights:
- Let's turn the tab and keep our budget low. Let's fix where our real work is, right?
- I think it just comes down to agency budget. I mean, that's just where the.
- So then we're starting to build the budget quickly after that.
- Contributes to the stability of the health care system.
- We must stabilize the system, promote development, and promote access for patients.
MN
Minnesota 2025-2026 Regular Session
House Higher Education Finance and Policy Committee 4/16/26
Higher Education Finance and Policy
Transcript Highlights:
- Education Budget Act. Education Budget Act.
- we as as the folks who set the budget we as as the folks who set the budget have<00:41:34.560>
- stabilize this thing. stabilize this thing. Please<01:10:17.680>
members. - Estimated $3.7 billion budget surplus. Higher ed is around 6% of the overall state budget.
- <01:38:46.360>
Um the budget year. Um the budget year. - stabilize this thing. stabilize this thing. Please<01:10:17.680>
Bills:
HF4252
Keywords:
higher education, student aid, financial aid, grant programs, scholarships, Office of Higher Education, Minnesota State, University of Minnesota, community college, technical college, postsecondary institution, college affordability, student fees, athletic facilities, competitive athletics, developmental education, remedial courses, pregnant students, parenting students, priority registration
HI
Hawaii 2026 Regular Session
JHA Public Hearing - Tue Apr 7, 2026 @ 2:00 PM HST
Judiciary & Hawaiian Affairs
Transcript Highlights:
- Um, it's not our budget, it's Ahumoku's budget in this instance.
- Um, it's not our budget, it's Ahumoku's budget in this instance.
- Um, it's not our budget, it's Ahumoku's budget in this instance.
- Um, it's not our budget, it's Ahumoku's budget in this instance.
- Um, it's not our budget, it's Ahumoku's budget in this instance.
Summary:
The committee heard a series of resolutions and a few bills, with testimony largely in support across the agenda. Early measures included HCR 15/HR 17 supporting Kamehameha Schools’ admissions policy, and HCR 22/HR 22 urging Congress to pass federal kidney disease legislation; both drew support and no opposition. The committee also heard HCR 146 HD1/HR 138 HD1 on “excited delirium,” with testimony from advocates urging the resolutions be broadened to include related terms such as hyperactive delirium and agitated delirium, and from family members and disability-rights advocates describing the issue as harmful pseudoscience tied to police-custody deaths and calling for a ban on the term and better mental-health responses.
The committee then took up HCR 123/HR 115 on creating a coordinated support and stabilization task force for Native Hawaiians experiencing homelessness or extreme low income. Department of Hawaiian Home Lands testified in support, describing its transitional housing work and saying collaboration and data-sharing with the state homelessness office would help beneficiaries and others; members questioned whether existing entities already do similar work and whether the proposal would extend beyond beneficiaries. HCR 32/HR 32, which asks the governor’s senior advisor on mental health and the justice system to develop a plan to increase access to Hawaii State Hospital for certain criminal defendants, drew support from the Department of Health, the governor’s office, and disability-rights advocates, who emphasized coordinated planning, diversion from arrest when appropriate, and matching people to the right level of care.
Additional resolutions addressed a range of policy issues: renaming Leeward Community College to Puloulou Community College (with no testimony), creating an ʻōlelo Hawaiʻi pathway under the Niʻihau dialect at UH (UH noted existing courses already cover the dialect but not a degree pathway), moving to a demerit-point driver licensing system (support only), and coordinating transportation infrastructure planning for Hawaiian home lands (DHHL supported the measure and said an expired DOT memorandum of understanding had covered related collaboration). The committee also heard support for expanding DHHL financial literacy and homeownership-preparedness programs, a resolution asking the Hawaii Civil Rights Commission to examine algorithmic discrimination, and a resolution urging the Oahu Metropolitan Planning Advisory Committee to follow its rules, comply with the Sunshine Law, review its executive director, and strengthen accountability; the last measure drew 11 written supports and no opposition. No final votes or decisions were taken in the portion provided, as the hearing focused on testimony and questions.
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Housing Jun 21st, 2026 at 01:00 pm
Joint Committee on Housing
Transcript Highlights:
- For decades now, we've simply not built enough homes that match people's budgets and needs.
- and that stability helps families and neighborhoods thrive.
- The purchase of that home allowed her to create stability for our family.
- for families, and for that stability to then be passed to the next family that purchases the home.
- And finally, our FY26 budget is still uncertain.
Summary:
The Joint Committee on Housing opened a hybrid hearing focused on housing production bills, with Chairs Julian Cyr and Rich Haggerty emphasizing Massachusetts’ housing shortage and the need to produce more than 200,000 units over the next decade. The committee then heard testimony on a wide range of proposals, including social housing, starter homes and the “missing middle,” accessory dwelling units (ADUs), single-stair residential buildings, permanent affordability homeownership, and housing for people with disabilities. Several witnesses framed the bills as tools to expand supply, lower costs, and address racial and generational wealth gaps.
Representative Connolly testified for H. 1478 on the Massachusetts Social Housing Program, describing publicly owned, mixed-income housing financed through a revolving loan fund. Senator Feeney testified for S. 989 on missing middle starter homes, arguing for zoning changes, incentives, and affordability tools to support smaller starter homes and duplexes, triplexes, and fourplexes. Multiple witnesses, including housing advocates, real estate representatives, and local officials, supported the ADU trust fund bill and the single-stair study bill, saying they would reduce barriers, support homeowners, and enable more family-sized and infill housing. Some witnesses opposed bills they said would weaken ADU reforms or add new restrictions, while others urged broader deregulation to speed production.
A major portion of the hearing focused on H. 1576/S. 1010, the Homes for Lasting Affordability bill, which would create a permanent affordability homeownership program for low- and moderate-income buyers and support small developments with long-term affordability restrictions. Testimony from community land trust leaders, legislators, and housing advocates emphasized that permanent affordability can preserve public investment, stabilize neighborhoods, and help families build wealth over generations. Senator Miranda and Representative Worrell tied the bill to closing the racial wealth gap and expanding access to homeownership for Black and Latino residents. The committee also heard testimony on S. 971, which would reform the Housing Development and Incentive Program to require more affordability in Gateway City projects.
The committee additionally heard from Senator Kennedy and disability advocates on S. 1004, which would strengthen the Alternative Housing Voucher Program for people with disabilities by codifying project-based vouchers and aligning the program more closely with other voucher systems. Witnesses described long waitlists and the lack of accessible, affordable units as major barriers that can lead to homelessness or unnecessary institutionalization. No votes were taken during the hearing; the session was devoted to testimony and questions from committee members.
HI
Transcript Highlights:
- Revenue projections decreased in January on the very same day the House took third reading on the budget
- <00:02:00.079>
Council third reading on the budget Council third reading on the budget Council - housing homelessness and stabilizing housing homelessness and stabilizing Hawaii's<00:03:06.519>
- The Senate draft proposes an operating budget of general funds at 10 billion, almost $10.5 billion in
- This budget creates a proactive, efficient, and cost-effective state government, stabilizes essential
Summary:
The committee met in decision-making only and first took up HB 300, the Senate majority budget package. The chair described the bill as a response to economic uncertainty and reduced revenue forecasts, and outlined a wide range of appropriations and staffing changes across state agencies, including agriculture, education, health, public safety, housing, labor, natural resources, and corrections. The package emphasized one-year funding for many new programs, vacancy reductions, and investments in services such as preschool, mental health, wildfire mitigation, cybersecurity, public access, and workforce development. HB 300 was recommended to pass with amendments and was adopted unanimously, with members voting yes and no reservations noted only as procedural responses.
The committee then acted on HB 794 and HB 795, both recommended to pass with amendments by changing the defective date to 2050; both measures were adopted without discussion. On the 101 agenda, HB 400, the Judiciary budget bill, was recommended to pass with amendments. The bill included vacancy reductions, security funding, permanent staffing for several court and justice programs, and support for civil legal services, immigration-related services, and technology licenses. HB 400 was adopted. HB 410 was also adopted with amendments and a defective date change to 2050.
On the 102 agenda, the committee passed several bills either unamended or with targeted amendments. HB 3, HB 134, HB 177, HB 237, HB 648, HB 713, HB 735, HB 1391, and HB 1462 were passed unamended. HB 214 passed with amendments expanding eligibility for retired employees to fill labor-shortage or succession-planning positions, including certain management positions excluded from collective bargaining; one member raised concerns about school resource officers and community fit, which the chair said could be addressed in the committee report. HB 441 passed with amendments to direct cigarette tax funds to the Hawaii Cancer Research Special Fund, with a discussion about whether e-cigarettes should be included. Other measures passed with amendments included HB 448, HB 667, HB 727, HB 740, HB 806, HB 1020, HB 1345, and HB 1365, generally involving date changes, blank appropriations, or technical language. HB 1391 was adopted with a reservation from Senator Kim. The meeting concluded with HB 1462 adopted unamended.
NM
New Mexico 2025 Regular Session
IC - Federal Funding Stabilization Subcommittee Nov 6th, 2025
Federal Funding Stabilization Subcommittee
Transcript Highlights:
- I'd like to call the 6th meeting of the Federal Funding Stabilization Subcommittee to order.
- Managing those funds, both in times of upheaval and in times of greater stability.
- not just a budget in itself.
- That's huge when you think about how small their budget is.
- Because anything beyond the mill rate cap goes directly to the county budgets.
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Transportation Jun 21st, 2026 at 01:00 pm
Joint Committee on Transportation
Transcript Highlights:
- We have made major headway already in the work that we are doing to restore, improve, stabilize, and
- Earlier in my career, I served at the White House Office of Management and Budget and the U.S.
- A lot of our day job is working on the operating side of the budget, watching revenues come in.
- The gravel roads we cover out of our operating budget, which...
- The gravel roads we cover out of our operating budget, which Roads.
Summary:
The committee heard testimony on House Bill 4987, the administration’s transportation bond bill centered on Chapter 90 roadway funding and related capital programs. Administration officials described the bill as a roughly $5.5 billion package that would continue $300 million per year for Chapter 90 over four years, with part of the funding distributed by the traditional formula and an additional $100 million based solely on road miles to better support rural and smaller communities. They also highlighted authorizations for municipal pavement work, Shared Streets and Spaces grants, accelerated bridge and pavement repairs, MBTA rail modernization and reliability, housing-related transportation improvements, and a new DCR-focused PRISM program for parkways and related infrastructure. Officials emphasized that the bill is financed through the Commonwealth Transportation Fund and Fair Share revenues, and said it would help municipalities plan more predictably, speed project delivery, and support housing, safety, and climate goals.
Committee members and witnesses discussed the bill’s broader scope beyond traditional Chapter 90, especially the $200 million for transportation projects that support housing development and the $200 million for MBTA modernization and rail reliability. Members asked about the rationale for a four-year authorization amid fiscal uncertainty, federal funding volatility, and the status of commuter rail electrification. Administration officials responded that the capital authorization is backed by dedicated transportation revenues rather than the operating budget, and said multi-year certainty helps cities and towns make better long-term repair decisions. They also said the MBTA’s rail modernization funds would support locomotive procurements, including battery-electric and Tier 4 diesel locomotives, as part of a longer-term regional rail and electrification strategy.
Municipal officials and regional advocates strongly supported the bill. The Massachusetts Municipal Association, along with town and city officials from Sherborn, Conway, and Yarmouth, said the increased Chapter 90 funding and road-mile-based distribution are especially important for small and rural communities with limited local revenue capacity, and that multi-year funding would let them bundle projects, bid at better prices, and address backlogs more proactively. A Better City and MAPC also supported the bill but urged the committee to treat it like a traditional bond bill by adding policy provisions and considering new transportation revenue tools, such as TNC fee changes, road pricing, parking taxes, and other mechanisms. The committee took no vote during the hearing and adjourned after testimony concluded.
KY
Kentucky 2025 Regular Session
Budget Review Subcommittee on General Government, Finance, Personnel & Public Retirement (10-15-25)
Transcript Highlights:
- And then lastly, in our 24 to 26 budget request, we had two additional budget requests.
- And then lastly, in our 24 to 26 budget request, we had two additional budget requests.
- And then lastly, in our 24 to 26 budget request, we had two additional budget requests.
- And then lastly, in our 24 to 26 budget request, we had two additional budget requests.
- And then lastly, in our 24 to 26 budget request, we had two additional budget requests.
Keywords:
Meeting Start 00:00:00
Attendance Roll Call 00:00:30
Office of the Attorney General 00:01:50
Kentucky River Authority 00:12:50, 958, all
Summary:
The Budget Review Subcommittee on General Government met without a quorum at first, then heard an update on child exploitation enforcement efforts from the Office of the Attorney General and the Department of Criminal Investigations. The presenters described the specialized investigation and prosecution unit funded in House Bill 6, saying the added resources allowed them to hire four staff members and expand work on cyber tips, search warrants, arrests, forensic processing, victim advocacy, and training for local law enforcement. They highlighted a recent rescue of a 5-year-old victim from a Discord-related case and said the office had also filed a civil lawsuit against Roblox, alleging the platform lacked adequate age verification and allowed predators access to children. Senators asked about the lawsuit, and the presenters said Kentucky was one of only two states to sue Roblox and that the complaint was based on evidence collected by the office.
The committee then received an update from the Kentucky River Authority on lock and dam repairs funded in the 2024-2026 budget. The authority reported progress on three capital projects: upper guide repairs at Locks 2 and 3, design and repair work at Dam 7, and design work to reopen Lock 5 for navigation. Officials explained that river construction is limited by flooding and fish-spawn restrictions, and they described the engineering and safety issues involved in replacing guide walls and repairing Dam 7’s spillway. They also said the authority had demolished three obsolete lockmaster houses and filled a fifth lockmaster position, while continuing to work on pay retention for those employees.
Members asked about the transfer of the lock and dam properties from the U.S. Army Corps of Engineers, the permitting process through the Division of Water, and the timeline for reopening navigation. The authority said the Corps had transferred the properties to Kentucky, that permits for river work are handled through the Division of Water and the Army Corps, and that Locks 1 through 4 are open seasonally from Memorial Day weekend through the end of October. Officials said Lock 5 would add 14 miles of navigation if reopened, but that it would still take a few more years before that project is complete.
NM
Transcript Highlights:
- The Revenue Stabilization and Tax Policy Committee chair will be Senator Kerry Hamblin.
- It does each district office have a supplies budget that they have been allocated? Mr.
- banner with the caveat that then they have run out their entire supplies budget, right?
- Um, just giving folks a supplies budget up to a certain amount if they so choose to spend that budget
- We did, we did put money in the budget for him to move.
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Ways and Means Jun 21st, 2026 at 11:00 am
Joint Committee on Ways and Means
Transcript Highlights:
- Welcome to the joint budget hearing on Governor Healey's proposed FY27 budget.
- Specifically, this budget acts on several recent recommendations from the Stabilization Fund and Long-Term
- The HHS budget already represents 17% of our total budget.
- Creating value in our communities helps to stabilize our local budgets.
- Creating value in our communities helps to stabilize our local budgets.
Summary:
The joint budget hearing opened the FY27 budget process with remarks from the Senate and House Ways and Means chairs, who described the fiscal outlook as challenging because of slow revenue growth, rising health care and other costs, and uncertainty from federal policy changes. Governor Healey and Secretary of Administration and Finance Matthew Gorzkowicz then presented House 2, a $62.8 billion budget that they said grows by about 1% and does not raise taxes or fees. They emphasized affordability, fiscal discipline, protection of core services, and continued investment in education, transportation, housing, child care, health care, and public safety. The administration also discussed a separate bill to delay and phase in certain federal tax-code changes from the so-called OB3 law, especially research and experimental expense provisions, to reduce immediate budget impacts and preserve competitiveness.
A major portion of the hearing focused on education and municipal aid. The administration said House 2 provides about $7.6 billion for Chapter 70 aid, fully funds the final year of the Student Opportunity Act, increases special education circuit breaker funding, and raises rural school aid. Senators and representatives from both parties raised concerns that Chapter 70 and other aid formulas are not equitable for small, rural, and low-wealth communities and are not keeping pace with inflation, and several called for broader review of the formula and related funding streams. The governor and secretary said they are open to further discussion, pointed to additional support through rural aid, special education, transportation reimbursements, and minimum aid, and said total Student Opportunity Act investment would reach about $2.1 billion over the life of the law.
Transportation, housing, and fair share spending were also central topics. The administration said fair share revenues are being used holistically, with education-heavy spending in the operating budget and transportation-heavy spending in the supplemental budget, and estimated the overall split to date at roughly 57% education and 43% transportation. They highlighted MBTA stabilization, regional transit authority support, microtransit, fare-free regional transit, and bridge and commuter rail investments, while noting the MBTA remains a major fiscal concern. On housing, the governor stressed production, permitting reform, ADUs, down-payment assistance, and support for public housing authorities, while lawmakers pressed for more funding for local housing authorities and for ways to address out-migration, energy costs, and affordability. The governor also said the administration will not withhold fire safety grants from communities over MBTA Communities Act noncompliance and will handle such issues case by case. No votes were taken at the hearing; it was an informational presentation and question-and-answer session.
AL
Alabama 2025 Regular Session
Alabama House Military and Veterans Affairs Committee Feb 12th, 2025
Military and Veterans Affairs
Transcript Highlights:
- General Huber has set up a center similar to this in the state of Tennessee on a very limited budget
- Say is this is part of the Alabama Military Stability Commission's package of bills.
- policies and key decisions about... budget policies and key decisions about veterans.
- No one person made those... budget.
- Jake Proor will be here from the Military Stability Commission.
Keywords:
veterans affairs, Alabama Department of Veterans Affairs, State Board of Veterans Affairs, commissioner, governor appointment, board advisory, veteran service organizations, veterans homes, veterans cemeteries, veteran service officers, district managers, state veterans home trust fund, veterans benefits, military veterans, disabled veterans, elderly veterans, active-duty service members, state agency reorganization, executive authority, governance reform
ND
North Dakota 2025-2026 Regular Session
Senate Appropriations - Education and Environment Division Apr 11th, 2025 at 09:30 am
Appropriations - Education and Environment Division
Transcript Highlights:
- Okay, so we have Foundation Aid Stabilization Fund is reduced by $81 million.
- Okay, so we have Foundation Aid Stabilization Fund is reduced by $81 million to $133.
- Okay, so we have Foundation Aid Stabilization Fund is reduced by $81 million to $133.
- I know there's been issues saying that this should be moved out to a different budget.
- I'm with the Office of Management and Budget Shared Services Division.
Bills:
HB1540
Keywords:
education savings account, ESA, school choice, private school vouchers, nonpublic school, tuition assistance, education tax credit, homeschool exclusion, Bank of North Dakota, Department of Public Instruction, public funding for private education, voucher program, student scholarships, special education, parental choice, curriculum funding, tutoring, online learning, state per-pupil payment, income-based eligibility
Summary:
The committee first took up amended bill 10-13, a school funding and education appropriations measure. Senator Schaible walked through the final version, which included changes to foundation aid, transportation grants, free and reduced-price meals funding, paraprofessional and teacher support programs, Native American education items, library and school facility projects, and several one-time grants. Members discussed removing the science center grant funding, and Senator Meyer objected to that removal, arguing that Grand Forks had raised matching private and local funds and that other cities had received similar state support. The committee also agreed to adjust regional education association funding to reflect six centers rather than seven, reducing that line to $600,000.
The committee then adopted the amendment to 10-13 unanimously and passed the bill as further amended on a unanimous roll call, with Senator Shively designated as carrier. After a brief recess, the committee turned to bill 1540, but no formal action was taken. Bank of North Dakota and OMB representatives raised concerns that the draft included policy changes and procurement/IT exemptions that needed further discussion. Members agreed the bill would be delayed until Monday so the Bank, OMB, and NDIT could confer and work through the mechanics and policy issues before the committee moved it forward.
MN
Minnesota 2025-2026 Regular Session
Committee on Health and Human Services - 03/10/26
Health and Human Services
Transcript Highlights:
- This reflects that the stay on budget.
- In Minnesota, we stability fund.
- And we have two community stability.
- household stability fund. household stability fund.
- the household and community stability the household and community stability fund.<01:45:29.440><
MN
Minnesota 2025 1st Special Session
Committee on Housing and Homelessness Prevention - 03/20/25
Housing and Homelessness Prevention
Transcript Highlights:
- And it provided us stability.
- And it provided us stability.
- A 3% cap would provide relief and stability, allowing families like mine to budget without fear of sudden
- A 3% cap would provide relief and stability, allowing families like mine to budget without fear of sudden
- A 3% cap would provide relief and stability, allowing families like mine to budget without fear of sudden
MN
Minnesota 2025-2026 Regular Session
House Republican Fraud Committee Members Press Conference 5/15/26
Transcript Highlights:
- Just to give you one example of something that the fraud committee worked on, the housing stabilization
- Just to give you one example of something that the fraud committee worked on, the housing stabilization
- Just to give you one example of something that the fraud committee worked on, the housing stabilization
- Just to give you one example of something that the fraud committee worked on, the housing stabilization
- Uh, I know that there's dollars in the budget deal that was cut through.
Summary:
House Fraud Prevention and State Agency Oversight Committee Chair Kristen Robbins opened the meeting by explaining that the committee’s majority report had been released after the minority declined to file a minority report, though the minority later issued a statement. She said the report reflects two years of work aimed at exposing fraud, strengthening internal controls, and creating a whistleblower portal, mnfraud.com, which will remain open during the interim to receive and review tips.
Robbins and several Republican members described the report as documenting how fraud in Minnesota began with earlier CCAP-related schemes and then expanded into Feeding Our Future and other programs, including housing stabilization, autism services, sober homes, adult day care, assisted living, non-emergency medical transportation, and interpretive services. They argued that fraud was enabled by weak oversight, a culture of inaction, and retaliation against whistleblowers, and said the report includes findings and recommendations for future reforms. Members also highlighted bipartisan bills already passed to strengthen whistleblower protections, internal controls, and fraud reporting.
Representative Pam Altendorf and others praised the report and said it exposed widespread misuse of public funds, citing housing stabilization and autism services as examples of programs with rapidly growing costs and weak oversight. Representative Isaac Schultz said the committee had uncovered “industrial-scale” fraud and that the state had failed to hold agencies accountable. He and Robbins said the new Office of Inspector General, created by legislation passed this session and set to begin in January, will have broad authority to investigate public dollars and, later, police powers; they also noted a salary-setting provision for the office would be added to a state government bill. The members said the next governor will need to change the culture of state agencies and enforce accountability.
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 5 on State Administration May 20th, 2026
Transcript Highlights:
- Good afternoon and welcome to your favorite budget committee. Budget Sub 5.
- We have to have a little fun, budget friends. We have to have a little fun, budget friends.
- leaders can protect Californians, stabilize the budget, and ensure corporations generating profits off
- As we're thinking about this in the budget process right now, obviously if I am successful on the budget
- And compassionate budget plan.
Summary:
The committee heard a series of May Revision budget items, beginning with the State Controller’s Office. SCO described requests for Fiscal Book of Record stabilization, payroll system implementation, ACFR reporting support, and unclaimed property outreach funding. Members focused on the Fiscal system’s July go-live, the improved timeliness of the ACFR, and the unclaimed property program’s roughly $15 billion balance and outreach efforts. The Department of Finance and LAO raised no major concerns, and the item was closed after discussion of how the new outreach funding would be used.
The committee then considered several revenue proposals. Finance presented a proposal to tax pre-written digital software and SaaS, with estimated General Fund gains of $450 million in 2026-27 and $900 million ongoing; LAO suggested broader digital tax changes and a business-use exemption, while industry groups opposed the measure as a tax on essential digital tools. CDTFA also presented an administrative request tied to the software tax, and later a $10 million budget reduction reflecting lower operational needs. The committee then heard a federal conformity proposal for new children’s tax-deferred accounts, which LAO supported, and a proposal to cut the first-year LLC/LP minimum tax from $800 to $400, which Finance said would aid small business formation but LAO argued was poorly targeted and would reduce revenue.
Another major item was a permanent business tax credit limitation beginning in 2027, capping credits at the greater of $5 million per corporation or 50% of pre-credit liability. Finance said it would raise about $850 million in 2026-27 and more in later years, while LAO noted it would mainly affect large firms using the R&D credit and could also touch California Competes and other programs. Public testimony split sharply between business groups opposing the cap and advocates supporting it as a progressive revenue measure. The committee also heard FTB’s CalFile realignment proposal, which would retain a smaller staff to continue improving the free filing system and return most of the prior funding to the General Fund.
The hearing concluded with the California Arts Council’s request to reauthorize the Keep Arts in Schools voluntary contribution fund, which brings in about $221,000 to $266,000 annually for arts grants and teacher stipends. Members and advocates supported the item but also urged larger arts funding, including the Performing Arts Equitable Payroll Fund. The Governor’s Office of Business and Economic Development then presented proposals for the California Civic Media Program, CA RISE reappropriation, and a reversion of unused Chips for America facility funds; LAO supported the latter two but was cautious about new civic media spending. Members raised concerns about the civic media program’s scope, including the exclusion of broadcast and the lack of a specific ethnic media set-aside, while GoBiz said funds would begin going out in the fall if approved.
HI
Hawaii 2026 Regular Session
House Chamber - Mon Jan 26, 2026, 10:00AM HST - State of the State Address
Hawaii House Floor Meeting
Transcript Highlights:
- and they had to choose between budget and they had to choose between paying<00:24:33.360>
for - <00:29:54.720>
to family has the financial stability to family has the financial stability - <00:32:29.440>
We and helping stabilize people's lives. - We and helping stabilize people's lives.
- They found the stability and support they had always needed but couldn't find.