Video & Transcript Research : 'surplus distribution'

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NM

New Mexico 2025 Regular Session

House - Appropriations and Finance Jan 28th, 2025

House Appropriations & Finance

Transcript Highlights:
  • So those are just a few of the things: Roadrunner Food Bank, food distribution, as well as helping the
  • Are there any community contributions during that time when there's a surplus of people?
CA
Transcript Highlights:
  • The second part of the bill is focused on taking advantage of load flexibility at the distribution level
  • Second, the bill will address critical bottlenecks on the distribution grid.
  • In the past, attempts to use load flexibility as a distribution system resource have had some limited
  • requires that load flexibility opportunities be considered earlier and more comprehensively in distribution
  • recognition that we take learnings from a past program with the awesome acronym of DITIF, the Distribution
Summary: The committee heard several energy and water affordability bills, with extensive testimony on SB 254 by Senator Becker, SB 541 by Senator Becker, SB 453 by Senator Stern, SB 292 by Senator Caballero, and SB 473 by Senator Padilla. SB 254 was presented as a broad utility affordability package addressing short-term climate credits, a Power Fund, tighter scrutiny of rate increases and utility profits, wildfire spending, securitization of future utility costs, and streamlining. Supporters, including TURN and several environmental and public power groups, said it could lower bills and reduce long-term costs; opponents from investor-owned utilities, labor, business, and local government raised concerns about market impacts, insufficient analysis, and the breadth of the bill. The committee approved SB 254 on a 6-3 vote and placed it on call. SB 541 focused on load flexibility and using existing grid capacity more efficiently. Senator Becker described it as a transparency and planning measure to identify cost-effective load shifting and reduce peak demand, while supporters said it could improve resiliency and save money. Several CCAs and utilities opposed the bill in print or unless amended, arguing that some language implied a mandate and that the concept needed more cost-effectiveness analysis; the author said amendments would remove language dividing the state goal among retail suppliers and clarify that the bill is not a procurement mandate. The committee passed SB 541 as amended to Appropriations on a 9-1 vote and left it on call. SB 453 by Senator Stern would return unspent ratepayer-funded microgrid program dollars and was described as a way to keep the lights on and redirect unused funds. It drew support from local government and environmental groups, with PG&E expressing concern about how the bill would affect its ability to spend awarded funds. The committee passed SB 453 as amended to Appropriations on a 12-0 vote. SB 292 by Senator Caballero would require more granular outage and reliability reporting, including census-tract-level data, to better inform resilience planning after PSPS events; utilities opposed unless amended, citing duplicative reporting and regulatory overlap, but the bill passed 12-0 to Appropriations. SB 473 by Senator Padilla would require or expand water utility decoupling to promote conservation and affordability. Supporters, including water utilities, labor, business, and local government groups, argued decoupling stabilizes revenue, supports conservation, and can keep rates lower for low-use customers. The Public Advocates Office opposed, saying prior pilot data showed no conservation benefit and about $1 billion in added costs, and that the CPUC had already rejected similar requests. Committee members questioned the conservation and capital-investment effects of the different rate structures; the author and supporters argued decoupling helps utilities fund infrastructure while allowing lower fixed charges for low-use customers. The transcript ends during that discussion, before a final vote on SB 473 is shown.
MN
Transcript Highlights:
  • one of the things that people don't realize, a couple years ago, during the period when we had a surplus
  • where<00:14:46.639> we<00:14:46.800> had<00:14:47.440> a<00:14:47.720> surplus
  • ,<00:14:48.720> we span of time where we had a surplus, we span of time where we had a surplus
  • /c><00:14:50.720> that put a ton of money, a ton of that put a ton of money, a ton of that surplus
  • went into building three new surplus went into building three new veterans<00:14:52.800> homes.
Keywords: 1187, senate, all
AZ

Arizona 2026 Regular Session

03/03/2026 - House Floor Session

Arizona House Floor Meeting

Transcript Highlights:
  • Without objection, all the amendments which have been distributed will not be read in full.
  • Without objection, all amendments which have been distributed will not be read in full.
  • Without objection, all amendments which have been distributed will not be read in full.
  • Without objection, all amendments which have been distributed will not be read in full.
  • Without objection, all amendments which have been distributed will not be read in full.
Keywords: 1182, all
Summary: The House convened with prayer, the Pledge of Allegiance, guest introductions, and recognition of Arizona School Board Association members and local school board representatives visiting the Capitol for Advocacy Day. Members also honored the House Doctor of the Day, Dr. Heather Serran, and approved the journal and attendance. The chamber then moved through a large number of Senate messages and House calendar items, including committee assignments and first and second readings of many bills. A major floor action was the unanimous adoption of SCR 1054 honoring former Arizona Attorney General Mark Brnovich, followed by remarks remembering his public service and consumer-protection work. The House also agreed to return SB 1278 to the Senate for reconsideration and referred several House bills to an additional Committee of the Whole for further amendment. In Committee of the Whole, members considered and advanced numerous bills, including HB 2055, 2150, 2426, 2456, 2457, 2728, 2755, 2918, and 2923, with several floor amendments adopted. HB 2728 drew the most debate over Department of Economic Security continuation and added policy changes affecting SNAP, unemployment, and eligibility verification; after a divided question and recorded vote, it received a do-pass recommendation by 32-25. The House also advanced HB 2134, 2142, 2289, 2290, 2331, 2379, 2397, 4026, and 4033 in later Committee of the Whole sessions, with discussion focused on school safety funding and governance, school board training, HOA disclosure reforms, tax sourcing clarity, and bond disclosure language. Several bills were retained on the calendar, including HB 4041, HB 2444, HB 4018, and HB 4070. In final third-reading votes, HB 2053, HB 2327, and HB 2416 passed; HB 2175 and HB 2492 failed; and HB 2805, which would make school board races partisan, was under debate at the end of the transcript amid strong arguments both for and against increasing partisanship in school board elections.
WA

Washington 2025-2026 Regular Session

Legislative Ethics Board Jun 8th, 2026

Transcript Highlights:
  • Eisen Trout said that she used her campaign surplus funds to hire a friend while, quote, working with
  • Every legislator has the ability to donate their campaign surplus accounts.
  • So our, uh, the conflict of interest was the use of campaign surplus funds, giving that to us with the
  • , the campaign surplus funds.
  • We should return it to the surplus, the campaign surplus funds.
Summary: The hearing opened in a Washington State Office of Administrative Hearings matter involving Legislative Ethics Board complaint 2025-5 against Representative Tara Simmons. The ALJ outlined the process, the issues on appeal, and the burden of proof, which centered on whether Simmons violated the Ethics Act by using her legislative position for others’ benefit and by holding outside employment that conflicted with her duties, and what sanction would be appropriate. Several exhibits were admitted by stipulation or without objection, while Exhibit 2 was initially held for later ruling but was ultimately admitted after testimony from the witness who prepared it. The board also granted a motion to sequester witnesses and took under advisement a motion to exclude three defense witnesses until after the staff case-in-chief. In opening statements, board staff alleged Simmons violated RCW 42.52.020 and RCW 42.52.070 by sponsoring a proviso that benefited her outside employer, Equity and Education Coalition (EEC), by using campaign surplus funds to help hire a friend, by intervening in a dispute over the proviso-funded work, and by sending text messages to influence others. Staff said it would seek penalties of up to $5,000 per violation plus costs. Defense counsel argued the allegations were technical ethics issues, denied Simmons profited personally, and contended the proviso funding her employer was permitted under prior board guidance; counsel also argued the campaign donation and later contract dispute were lawful and context-dependent. The first witness, Kimberly Gordon of American Equity and Justice Group (AEJG), testified that AEJG received state proviso funding and donations from Simmons, including $10,000 and later $40,000, which Gordon said were intended to fund the hiring of Antoine Coleman, Simmons’s romantic partner. Gordon said AEJG returned the donations and terminated Coleman after learning of the relationship and potential conflict of interest. She also testified about a later 2024 proviso involving EEC, a subcontract between AEJG and EEC, and a dispute over EEC’s performance under that subcontract. Gordon said AEJG raised concerns with the Administrative Office of the Courts, met with contract manager Chris Stanley, and ultimately rewrote the subcontract after Stanley, allegedly after speaking with Simmons, directed them to do so. The hearing then recessed for lunch, and cross-examination of Gordon was set to continue afterward.
NH

New Hampshire 2025 Regular Session

Senate Finance (05/21/2025)

Finance

Transcript Highlights:
  • I think it was Senator Rashardi who amended the way rooms and meals distributions is done.
  • 55.280> It<00:42:55.599> created<00:42:56.000> a<00:42:56.240> new distributions
  • It created a new distributions is done.
  • The surplus statement will reflect revenue from what you do for gaming and will obviously reduce what
  • And so, we would carry on the surplus statement the status of that bill.
Keywords: 1191, senate, all
NH
Transcript Highlights:
  • There was a surplus that was built up. Under current law, that surplus was required to be returned.
  • against us if we do not return surplus against us if we do not return surplus back<01:38:09.199>
  • can retain large amounts of surplus. can retain large amounts of surplus.
  • Profit just means surplus, which is controlled by competition and rivalry to keep that surplus down and
  • Profit just means surplus, which is controlled by competition and rivalry to keep that surplus down and
Keywords: 928, house, all
Summary: The subcommittee continued work on Senate Bill 297 and a new amendment dealing with pooled risk management programs and whether they should be regulated under the insurance department. Lisa Duket, executive director of SchoolCare, testified at length that the draft language could allow co-mingling of public entity risk funds, could trigger producer-licensing requirements for staff who are not actually brokers, and may not fit public entity risk pools because they are not insurance companies. She also raised concerns about the March 1 reporting deadline, the proposed uniform accounting language, aggregate excess insurance, examination costs being charged to the program, and confidentiality provisions that she argued may conflict with right-to-know principles for public entities. She urged the committee to slow down and consider a study committee or more time for review, saying the regulated entities were not adequately involved in drafting the proposal. Chairman Hunt and the department responded that the bill is intended to create a licensure-based regulatory model, similar to other licensed industries, and that the pooled risk management program would be exempt from producer licensing while anyone else selling or negotiating such coverage would need a producer license. The department said failure to comply would be handled through an administrative licensing process, with denial or nonrenewal of a license and appeal through the department process. On the reporting deadline, the department said March 1 is a standard filing date used for financial analysis and that the filing can be the most recent annual report, regardless of fiscal year end. They also explained that the confidentiality language was taken from existing RSA 5B, that aggregate excess insurance was included as a solvency measure, and that the draft was intended to preserve familiar language while adapting it for pooled risk programs. The discussion did not include a final vote or formal action on the bill in the portion provided. The committee appeared to be compiling follow-up questions for the insurance department and considering whether additional revisions or a slower process would be needed before moving the bill forward.
WA

Washington 2025-2026 Regular Session

Legislative Ethics Board Jun 9th, 2026

Transcript Highlights:
  • And so campaign surplus funds are definitely not something that is legislative-related because people
  • And so I felt donating out of my campaign surplus to my friend to help his organization and help... .
  • ..out of my campaign surplus to my friend to help his organization and help another friend.
  • Actually, let me go back and just ask you one brief question about the surplus funds, donations.
  • I don't—I've never given surplus funds to EEC. I'm sorry, to AEJG. Specifically to AEJG, no.
Summary: The hearing resumed in the Legislative Ethics Board matter involving Tara Simmons after the board confirmed no ex parte communications had occurred overnight. Respondent’s counsel moved to dismiss two allegations at the close of the board staff’s case: that Simmons pressured the Administrative Office of the Courts to alter a contract in favor of her employer, and that she violated ethics rules by combining legislative support for AEJG with a personal donation to the organization. Board staff opposed the motion, arguing the evidence showed Simmons’s legislative and personal dealings were intertwined. After a recess for deliberation, the board denied the motion to dismiss, and the hearing moved into the defense case. The first defense witness was Sharon Navas, executive director of the Equity and Education Coalition (EEC). Navas testified that she met Simmons in 2018, later hired her, and took steps to separate Simmons’s legislative duties from her work for EEC. She said Simmons was never paid for lobbying or legislative acts, that her compensation came from unrestricted funds, and that the organization used written ethics-compliance language and a formal scope of work. Navas also described the proviso-funded dashboard project involving Anthony Powers and Chris Stanley, testifying that Simmons was not involved in the project’s day-to-day work, did not attend the meetings about the dispute, and was not part of the alleged contract disagreement. On cross-examination, staff focused on the contract documents, the dashboard work, and whether the scope of work matched the parties’ understanding. Tara Simmons then testified in her own defense. She described her background, legislative career, disability accommodations, and extensive efforts to seek ethics guidance from House counsel and board-related materials before taking outside employment or supporting provisos. She said she relied on prior ethics advice when separating her legislative role from outside work and when seeking provisos for AEJG and EEC. Simmons also addressed her relationship with Anthony Powers, describing it as a friendship rooted in criminal justice reform work and prior collaboration. The hearing was still in the middle of Simmons’s direct testimony when the transcript excerpt ended, with no final ruling on the merits or disposition of the allegations.
OK
Transcript Highlights:
  • agency changes vehicles or sells Vehicles do they not go through you before they're considered a surplus
  • There are some agencies That have exemptions, but the vast majority of all vehicles would go through surplus
  • , but it doesn't necessarily mean that they're coming to our Surplus facility, especially in a vehicle
  • Some kind of check-off to make sure that this geo tab is removed before it goes to an auction for surplus
Keywords: 914, all
MN

Minnesota 2025 1st Special Session

House Republican Media Availability following adjournment of 2025 session 5/19/25

Minnesota House Floor Meeting

Transcript Highlights:
  • House Republicans were very dug in in the fact that we know $18 billion of surplus was spent over the
  • c><00:09:27.920> $18<00:09:28.320> billion<00:09:28.880> of<00:09:29.040> surplus
  • <00:09:29.519> was that we know $18 billion of surplus was that we know $18 billion of surplus
Keywords: 1183, house
MN

Minnesota 2025 1st Special Session

House Education Finance Committee 3/20/25

Education Finance

Transcript Highlights:
  • I know there's direction in here to have a working group to determine how the money is best distributed
  • over and identify those students because you've got a $420 million fiscal note on a $486 million surplus
  • over and identify those students because you've got a $420 million fiscal note on a $486 million surplus
  • over and identify those students because you've got a $420 million fiscal note on a $486 million surplus
  • The two bills we heard here, we don't even come close to being able to afford with the current surplus
MS

Mississippi 2026 Regular Session

Energy - Room 210, 2 February, 2026; 4:15 PM

Energy

Transcript Highlights:
  • structure and can financial share and no future success of the system through window payments from surplus
  • 04.480> from the system through window payments from the system through window payments from surplus
  • Surplus incremental revenues could be used to support annual system expenses and/or pay down the authority
  • need a proven reliable source of They need a proven reliable source of revenues.<00:20:02.320> Surplus
  • Surplus cemental ranges could revenues.
Summary: The committee took up several energy, utility, and infrastructure bills. Bill 2527 on solar decommissioning was presented as a landowner consumer-protection measure that would set statewide baseline requirements for solar lease agreements, preserve some freedom of contract, preempt duplicative local rules, and protect landowners from reclamation costs; after no questions, it was moved and passed. The committee also discussed changes to the Gulf Coast Regional Utility Act in HB 2058 and HB 2309, including new first-right-of-refusal language, prohibitions on unauthorized service, civil penalties and enforcement tools, and legislative intent language aimed at preventing duplication and protecting public investment; both were adopted as committee substitutes and passed. HB 2018 was amended to extend similar oversight to water systems, and it was reported after questions about the scope of the change. Several bills focused on water and wastewater oversight. SB 2311 and SB 2312 would create statewide A-to-F grading systems for drinking water and wastewater systems, require annual public reporting, and direct the health and environmental agencies to adopt objective scoring rules; both were passed. SB 2526 would create a Mississippi Rural Water Oversight Committee, require rate studies, capacity studies, and asset management plans for water associations, and provide staffing and funding support from existing revolving-fund resources; it was adopted as a committee substitute and reported, with supporters saying it would help identify and assist troubled associations. The committee also heard a bill creating the Metro Jackson Water Authority, allowing a lease of city system assets, special revenue bonds to refinance legacy debt, and supplemental revenue sources such as sanitation fees and possibly sales tax revenues; the sponsor said no general fund money would be used, and the bill was reported. The committee also advanced HB 2641, which was stripped down to a study committee on wind turbine facilities, grandfathered existing projects, and imposed a moratorium on new construction until the study is completed; members asked about existing projects and were told current projects under construction would not be penalized, and the committee substitute passed. SB 2783 would make targeted definition changes to BEAD-related broadband grant programs so remaining federal funds could support other state initiatives, including AI workforce training, and it was reported after questions about future federal guidance. Finally, HB 2787 would add propane to the school gas-leak testing statute; the sponsor said the inspections would not require additional state funding because propane dealers and the State Fire Marshal’s office already handle the checks, and the bill passed.
FL

Florida 2026 Regular Session

Children, Families, and Elder Affairs Jan 12th, 2026

Children, Families, and Elder Affairs

Transcript Highlights:
  • money in the groups of care because you pretty much have exhausted everything, you don't have any surplus
  • cost reimbursement for what they project to spend, and that has created in Level 1 and child care surplus
  • So we're taking those surplus balances of like $35 million, $36 million, that's here, and applying it
  • cost reimbursement for what they project to spend, and that has created in level one in childcare surplus
  • balances due to census growths, has created in level one in childcare surplus balances due to census
Bills: S0042, S0578, S0624, S7018
Summary: The committee met with a quorum and first heard SB 624, which would codify DCF’s current practice of allowing batterers intervention programs to offer supplemental faith-based activities so long as participation is voluntary. The bill drew support from faith-based and family organizations, which argued it would restore access to effective rehabilitation options and remove discriminatory barriers. SB 624 was reported favorably after a roll call vote. The committee then heard SB 42, which would require child protective investigators and child protection teams to rely on qualified medical professionals when a child has a documented pre-existing diagnosis or when a parent requests an exam, and would require clearer notice to parents and custodians at the start of an investigation. Testimony overwhelmingly came from parents, advocates, and disability rights representatives describing cases in which medically complex children were allegedly misdiagnosed as abuse victims and families were separated unnecessarily. Members expressed sympathy and support, and SB 42 was reported favorably. Next, the committee considered CS/SB 578, creating an Alzheimer’s disease awareness initiative within the Department of Elder Affairs to promote early detection, brain health education, research updates, and clinical trial awareness, with outreach focused on older adults and at-risk populations. An amendment was adopted to place the campaign within the Alzheimer’s Disease Initiative. A caregiver testified about the need for public education and early diagnosis, and the bill was reported favorably. The committee also took up SPB 7018, a committee bill on child welfare that would extend the definition of “visitor” for foster homes to reduce repeated background checks, make the Step Into Success foster youth workforce pilot permanent and statewide, and create a program through the Florida Institute for Child Welfare to catalog best practices among community-based care lead agencies. The bill was approved as a committee bill and reported favorably. Finally, the Department of Children and Families presented its 2025-26 final funding methodology and rates report for community-based care. Members questioned the proposed tiered model, including insurance costs, risk corridors, prevention funding, performance measures, and regional funding disparities. No vote was taken on the presentation, but members discussed the possible need for follow-up legislation and additional stakeholder input.
NM

New Mexico 2025 Regular Session

IC - Indian Affairs Aug 14th, 2025

House Government, Elections & Indian Affairs

Transcript Highlights:
  • What I just asked to have distributed to you is an example of one of the 2025 reports submitted by the
  • we want to see districts use their extra land for housing developments, and counties to use their surplus
  • Some of these entities of the alcohol distribution places on the reservations in there, those lands were
VT

Vermont 2025-2026 Regular Session

House Session - 2026-05-14 - 1:00PM

Vermont House Floor Meeting

Transcript Highlights:
  • The world hath her surplus of hatred today. She needeth more love.
  • And that means up next is Senate Bill 243, an act relating to distributing funds to the Vermont Language
  • which is an act relating to distributing which is an act relating to distributing funds<00:30:13.279
  • >> S. 243, an act relating to distributing funds to the Vermont Language Justice Project. >> The
  • to the general fund through distributed to the general fund through a<00:47:20.560> direct<00
Keywords: 926, house, all
Summary: The House opened with a devotional reading by Theo Novak, a student and Vermont Poetry Out Loud finalist, followed by several announcements, including a welcome for the guest speaker and a reminder about a freshman legislator gathering and the day’s corporate cup road closures. The House then postponed action for one legislative day on Senate Bill 208, relating to law enforcement identification; Senate Bill 212, relating to portable water supply and wastewater system connections; and House Bill 639, relating to genetic data privacy. The main floor action centered on House Bill 648, banking, insurance, and securities. The Commerce and Economic Development Committee presented Senate amendments and its own further amendments, including clarifications to consumer reinvestment reporting and a proposal to extend and then effectively end the moratorium on new cryptocurrency kiosks in Vermont. The committee described extensive testimony and data on crypto kiosk fraud, money laundering, and consumer losses, and also added a new licensing framework for merchant cash advance providers. Ways and Means reported the fiscal impact would be very small. After a brief question about the $1 million exemption threshold for commercial financing, the House concurred in the Senate proposal of amendment with further amendment thereto. The House also passed Senate Bill 243, distributing funds to the Vermont Language Justice Project, in concurrence with proposal of amendment. It then took up Senate Bill 198, regulating tobacco products and tobacco substitutes. The Commerce and Economic Development Committee described updates to the definition of tobacco substitutes, creation of a wholesale licensing system under the Department of Liquor and Lottery, tighter controls on online sales, and bans on deceptive products that resemble school supplies, food, smartphones, inhalers, or video games. The committee heard testimony from health, enforcement, industry, and advocacy witnesses and voted 11-0 in favor. Human Services then proposed a strike-all amendment to the committee report, with further consideration to continue.
TX

Texas 89th Regular

Public Health Mar 10th, 2025

Public Health

Transcript Highlights:
  • The surplus should be returned to the people not spent.
  • So when you talk about a state surplus, the state doesn't get that money.
  • I think you were saying there was a surplus of sales tax.
  • Is that we don't have a surplus of property taxes, but we do have a surplus of sales tax.
  • I just think the distinction here is that that's excess or surplus sales tax not property tax.
Bills: HB5, HJR3, HB155, HB513, HB5, HB155
VT

Vermont 2025-2026 Regular Session

House Session - 2026-01-15 - 3:00PM

Vermont House Floor Meeting

Transcript Highlights:
  • The sponsor provides the initial capital and surplus required by DFR and handles administrative underwriting
  • The sponsor provides the initial capital and surplus required by DFR and handles administrative underwriting
  • use those lessons to propose a program that is responsive to farmers' specific needs, equitably distributed
Keywords: 926, house, all
Summary: The House opened with devotional remarks from Representative Greer focused on perspective, kindness, and the idea that people “earn” respect and love through shared humanity. After that, the chamber suspended rules to introduce 17 House bills by number only, and adopted JRS 3 in concurrence, setting a joint assembly for Tuesday, January 20, 2026 at 1:00 p.m. to receive the governor’s budget message. Several announcements followed, including birthday wishes, a note about the new federal whole milk for schools law, guest introductions, and caucus notices. The House also approved committee transfers for H.393, an act relating to the prohibition of requiring face masks in schools, moving it from Education to Healthcare, and H.334, an act relating to limiting employer restrictions on individuals separating from employment, moving it from General and Housing to Commerce and Economic Development. The chamber then took up H.649 on captive insurance companies. The Commerce and Economic Development Committee explained that the bill, based on Department of Financial Regulation proposals, would prohibit risk retention groups from lending to or investing in members or affiliates, require annual and quarterly filings in NAIC form with a jurat page and actuarial certificate, and create new filing requirements for sponsored captive protected cells. The committee reported unanimous support, and the House amended the bill and ordered third reading. The House next considered S.60, establishing a Farm Security Special Fund. The Agriculture, Food Resiliency, and Forestry Committee and Appropriations described the bill as a response to repeated weather-related losses affecting farms and forestry operations, including flooding, freezes, drought, and other extreme events. The House version adds forestry and changes assistance from grants to payments to make aid faster and less cumbersome. The program would be administered by the Agency of Agriculture, Food and Markets, with a review board and payments of up to 50% of uncovered losses, capped at 5% of annual appropriations and $150,000 per application. The committee testimony emphasized the need for a permanent, predictable state relief mechanism, and the bill was advanced with strong support.
NM

New Mexico 2025 Regular Session

IC - Radioactive and Hazardous Materials May 29th, 2025

Radioactive & Hazardous Materials Committee

Transcript Highlights:
  • What we didn't want was DOE to include the surplus plutonium at Savannah River for a variety of reasons
  • , but one of them being that one, surplus plutonium does not meet the waste acceptance criteria, it has
  • Um, The reference that surplus plutonium plus the adulterant would then become transuranic waste.
  • And so, surplus plutonium being one of those that's identified in the, the disposal plan.
  • So what we're asking DOE again is to exclude surplus plutonium as identified in the plan as legacy waste
MN
Transcript Highlights:
  • Management and Budget's February forecast finds the state's projected deficit has been replaced with a surplus
  • A looming deficit to a projected surplus in just a few months.
  • We now project to end fiscal years 26-27 with a surplus of $3.7 billion, which is $1.3 billion more than
Keywords: 918, senate, all
Summary: Minnesota Management and Budget’s February forecast reported that the state’s projected deficit has turned into a surplus, with an estimated $3.7 billion balance for fiscal years 2026-27 and a projected $377 million positive balance for FY28-29. Officials said the improved outlook is driven by a slightly stronger national economy and higher forecast revenues, but they cautioned that the state remains in a strong yet not secure position. A major concern discussed was federal funding uncertainty. CMS has indicated it may withhold $515 million per quarter in Medicaid Assistance reimbursement, and separately notified the state it would defer $260 million in Medicaid reimbursements pending further information. Those potential losses are not included in the forecast, but lawmakers were told federal funds account for about one-third of state agency spending and that budget flexibility may be needed if cuts occur. Speakers also noted that Minnesota still faces a structural budget imbalance despite progress made last session. Current biennium spending is projected to be $68 million lower than earlier estimates, but planning estimates are up $152 million since the last forecast. Several lawmakers emphasized affordability concerns for residents, citing rising delinquency rates, increasing unemployment, flat wages, and the need to focus on tax conformity, vehicle tab fees, and property taxes. Members from both parties said they want to continue working together on budget solutions and spending restraint.
MN

Minnesota 2025-2026 Regular Session

Committee on Finance - Part 1 - 04/28/25

Finance

Transcript Highlights:
  • Um, so there's a surplus in that account right now, and this just increases that appropriation. dealing
  • Line 117, there is a se... a couple surplus in that in that account right surplus in that in that account
  • changing the American Indian health special emphasis grants from competitive grants to a formula distribution
  • <02:13:19.199> Line grants to a formula distribution.
  • Line grants to a formula distribution.
Keywords: 1187, senate, all