Transcript Highlights:

• Sorry, um, Department of Budget and Finance with comments.
• We have Department of Budget and Finance with comments.
• also since um this is a finance also since um this is a finance committee<02:21:18.960> K
• <03:58:10.199> it going to pay for it heck yeah Finance it going to pay for it heck yeah Finance
• we weed whack it ourselves just Finance we weed whack it ourselves just Finance the<04:06:08.640

Keywords: 910, house, all

Transcript Highlights:

• Listen to the Committee on Finance.
• I recognize the to education finance.
• So I appreciate the Finance get.
• recommended by the committee on finance. recommended by the committee on finance.
• proposed by the committee on finance. proposed by the committee on finance.

Keywords: 927, senate, all

Transcript Highlights:

• We don't need to refer this back to the State Government Finance Committee.
• and Policy and be re-referred to the Committee on Human Services Finance and Policy.
• The motion prevails. the committee on health finance and the committee on health finance and policy<01
• This is a bill that was misdirected to Human Services instead of Health Finance and Policy.
• <01:19:15.400> and finance and finance and policy<01:19:17.199> I<01:19:17.360> recognize

Keywords: 1183, house

Transcript Highlights:

• We've been working our way toward it, but with that minimum financing of just $40 million from the TTF
• or their own financing, and we have a... breath of fresh air, you know, to look at this port prioritization
• uh over 200 million in backlog here we've been working our way towards it but with that minimum financing
• reimbursement agreement which is when they have chosen to move forward with the project with private financing
• or their own financing and um we have a ...financing or their own financing, and we have—we're under

Summary: The Joint Committee on Transportation, Highways and Public Works met to receive public testimony and act on port priority applications for inclusion in the FY 2027-2028 Port Priority Construction and Development Priority Programs. After a roll call showing 18 members present, the committee adopted the March 9, 2026 minutes without objection. Commissioner Andrew Killshaw of the Office of Multimodal Commerce explained the Port Priority Program criteria and presented two applications from the Avoyelles Harbor and Terminal District: a $3.4 million building addition and infrastructure project requesting $2.853 million in state funds, and a $1.5 million Workforce Training Center redevelopment requesting $1.287 million. He said the projects were projected to create 265 jobs and generate substantial state benefits, with very high benefit-cost ratios. Members expressed support for the projects and for strengthening the port program overall. Chairman Boriak moved to approve the applications, and Senator Carter and others discussed the need to increase investment in ports and develop a statewide strategic plan to better compete for federal dollars. DOTD Multimodal Commerce staff, including Molly Bergoin, testified that the program has more than $200 million in backlog, that annual Transportation Trust Fund financing has made it difficult to reduce, and that the department hopes to clear 10 to 12 low-balance projects this year. They also said the request cap had been increased to $7 million per project this year and up to $21 million going forward, and that most projects are proceeding under reimbursement agreements because construction costs have risen sharply. After discussion, the committee voted without objection to accept the port priority applications received through March 1, 2026, for the FY 2027-2028 program. The committee then adjourned without objection.

Transcript Highlights:

• Appropriations and Finance started. We'll ask the staff to go ahead and call the roll.
• Senator Michael Padilla, Vice Chair and Ranking Member, and members of the House Appropriations and Finance
• We have financed them in other programs, but they have limited capital.
• Senate Finance Committee substitute for Senate Bill 33.
• OK, we're on Senate Bill 33, or Senate Finance Committee substitute for Senate Bill 33.

Transcript Highlights:

• Referred to Finance.
• Referred to Finance.
• Referred to Finance.
• Referred to Finance.
• Today we have Senate Finance at 1 p.m. in Room A.B. And then Monday at 10:30 a.m. in Room A.B.

Bills: SB525, SR112, SR109, SCR61, SCR62, SCR12, HB175, HB276, HB437, HB456, HB457, HB459, HB488, HB579, HB656, HB804, HB818, HB841, HB981, HB1052, HB1089, HB1101, HB1154, HB1166, HB1193, HB1194, HB1203, HB1209, HB1244, HB1249, HB221, HCR69, HCR58, SB57, SB405, SB414, HB62, HB193, HB203, HB205, HB210, HB220, HB222, HB228, HB246, HB420, HB475, HB486, HB574, HB584, HB750, HB799, HB813, HB815, HB826, HB870, HB949, HB953, HB1045, HB1092, HB1151, HB1162, HB1176, HB1177, HB1196, HB1214, HB1236, HB1241, SB106, SB206, SB248, SB441, SR86, SCR30, SB83, SB135, SB143, SB155, SB157, SB202, SB237, SB276, SB295, SB388, SB450, SB465, SB35, SB65, SB215, SB246, SB249, SB269, SB282, SB296, SB323, SB363, SB369, SB474, SB484, SB490, SB492, SB500, SB501, SB513, HCR31, HB301, HB358, HB359, HB384, HB413, HB428, HB450, HB462, HB547, HB613, HB631, HB657, HB669, HB675, HB680, HB691, HB712, HB716, HB720, HB723, HB727, HB728, HB735, HB747, HB759, HB825, HB845, HB846, HB903, HB904, HB907, HB923, HB929, HB941, HB962, HB965, HB1036, HB287, HB370, HB515, HB521, HB570, HB1200, HB29, HB39, HB58, HB67, HB73, HB76, HB77, HB82, HB112, HB121, HB125, HB132, HB134, HB151, HB154, HB155, HB161, HB166, HB187, HB191, HB207, HB211, HB224, HB238, HB241, HB242, HB250, HB260, HB265, HB275, HB300, HB320, HB338, HB339, HB349, HB379, HB399, HB427, HB463, HB464, HB468, HB545, HB550, HB551, HB565, HB588, HB639, HB725, HB782, HB805, HB808, HB834, HB847, HB853, HB858, HB861, HB883, HB916, HB937, HB977, HB1012, HB1027, HB1044, HB1054, HB1091, HB1117, HB90, HB127, HB138, HB150, HB201, HB268, HB273, HB285, HB315, HB354, HB355, HB360, HB376, HB445, HB506, HB606, HB649, HB665, HB681, HB721, HB746, HB757, HB781, HB835, HB844, HB857, HB872, HB886, HB889, HB892, HB972, HB982, HB987, HB1037, HB1068, HB1072, HB1078, HB1085, HB1132, HB1137, HB1167, HB1174, HB1232, HB1238, HB23, HB136, HB36, HB119, HB126, HB129, HB245, HB271, HB280, HB337, HB351, HB677, HB726, HB789, HB850, HB956, HB966, SB149, SB382

Keywords: unclaimed property, abandoned property, escheat, state treasurer, administrator, claimant, purchase agreement, assignment, property recovery, owner verification, documentation requirements, fraud prevention, bankruptcy, bankruptcy court, court order, Uniform Unclaimed Property Act, Louisiana Revised Statutes, R.S. 9:167.1, Chennault International Airport, 40th anniversary

Transcript Highlights:

• Finance, Department of Education. Uh I Finance, Department of Education.
• <01:27:41.440> Committee ago, the Senate Finance Committee ago, the Senate Finance Committee
• waved by the chair would go to finance. waved by the chair would go to finance.
• My testimony today is about finance and finance in relation to the education freedom accounts.
• finance in relation to the finance and finance in relation to the education<02:31:36.160> freedom

Keywords: 1191, senate, all

Transcript Highlights:

• I think we're kicking it off with the Department of Finance.
• We'll kick it off with the Department of Finance.
• Alexanaevilasquez with the Department of Finance.
• We'll kick it off with Finance. Yes, Alex and I have Alaska's with the Department of Finance.
• We'll kick it off with finance. Yes, Alex and I have Alaska's with the Department of Finance.

Summary: The Assembly Budget Subcommittee on Education Finance held an oversight hearing on the California State University system covering enrollment, core operations, Title IX/civil rights, and basic needs. The Department of Finance said the Governor’s 2026-27 budget does not change CSU enrollment targets from the prior year and proposes a 5% ongoing General Fund increase for core operations as the final year of the compact. The Legislative Analyst’s Office recommended a lower resident undergraduate enrollment target than the Governor’s proposal, separate funding for enrollment growth rather than folding it into base, a smaller or no base increase tied more closely to inflation, earmarking some base funds for capital renewal, retiring deferred payments, and avoiding new multi-year compact commitments. CSU said enrollment has rebounded for three straight years, but growth is uneven across campuses, with several Northern California campuses still facing structural declines tied to demographics and community college pipelines. CSU described a multi-year reallocation plan shifting about 10,000 FTE and $89 million in ongoing funding toward higher-demand campuses, plus $40 million in one-time support, and said seven campuses submitted turnaround plans aimed at recovering enrollment over the next several years. The system highlighted strategies such as dual enrollment, guaranteed admission pathways with community colleges, outreach to high school students, retention and advising efforts, and new degree models for working adults and military-connected students. Members raised questions about how campus targets are set, whether the May Board of Trustees discussion will address a systemwide enrollment framework, and how CSU will manage future deficits if projected out-year funding does not materialize. On core operations and facilities, CSU said it faces about $320 million in mandatory cost increases in 2026-27 and is pursuing shared services, procurement consolidation, campus administrative sharing, and program redesigns to reduce costs. CSU and the LAO emphasized the system’s large deferred maintenance backlog, estimated at $8.6 billion, and discussed whether CSU’s bond/debt capacity is sufficient to address it; CSU requested up to $1.1 billion for deferred maintenance, while the administration did not propose new funding. The committee also heard CSU’s annual Title IX and civil rights update: CSU said it has implemented 15 of 16 State Auditor recommendations, has dedicated Title IX coordinators at every campus, is using a systemwide case management dashboard, and is piloting centralized investigations at five campuses. Finally, on basic needs, the Governor maintained current funding levels for food assistance/basic needs, rapid rehousing, and mental health. CSU reported heavy use of food pantries, CalFresh support, emergency housing, and counseling services, while warning that federal changes to CalFresh and related funding could make it harder to serve students in need.

Transcript Highlights:

• I'm the Secretary of the Department of Finance and Administration.
• Agency bars going forward, we have a new local government and board of finance module.
• Committee and the Senate Finance Committee.
• You have been very generous to the Department of Finance and Administration.
• To those entities that maybe aren't doing very well with their finances.

Transcript Highlights:

• So we're really just focused on the upfront financing for charter schools.
• And the State Board of Finance, of course, the Treasurer.
• And the State Board of Finance, of course, the Treasurer is on that one as well.
• We financed Mother Spain by settling the country and sending money back to Spain.
• businesses when you guys decide to retire finances to me.

Transcript Highlights:

• AB 121, Education Finance. This is the education omnibus budget trailer bill.
• How much funding are we talking about financing in this program?
• Jacob Kern, Department of Finance. of Finance.
• Megan Tokunaga-Block, Department of Finance: ...finance, so we can expect SB 131 to include two general
• The financing assistance statewide has proved to be very popular.

Keywords: 988, house, all

Transcript Highlights:

• David Evans, Department of Finance.
• David Evans, Department of Finance.
• Aman Melbourne, Department of Finance.
• Department of Finance. David Evans, Department of Finance. No additional comments. LAO.
• But let's hear from the... ...Department of Finance. Right, David Evans, Department of Finance.

Summary: The hearing was an informational budget session on energy agency proposals, with no votes taken. Early discussion focused on Proposition 4 climate bond implementation, including funding for demand-side grid support, offshore wind development, and transmission financing. The Department of Finance said the budget includes allocations for demand-side grid support and offshore wind, but not yet for the $325 million transmission financing piece pending a required study. The Legislative Analyst’s Office urged the Legislature to consider whether to wait on offshore wind funding, whether to keep shifting funds into demand-side grid support, and how to direct future transmission financing. Members also raised concerns about local technical assistance for offshore wind, Salton Sea priorities, and the need for more information before final decisions. The California Energy Commission and CPUC then reviewed the broader energy package. The CEC highlighted the demand-side grid support program’s growth, distributed energy backup assets, long-duration storage, hydrogen grants, and the SIRP clean energy reliability program. CPUC testimony emphasized affordability, wildfire mitigation costs, rooftop solar cost shifts, and efforts to reduce rates while maintaining reliability and clean energy goals. Members questioned CPUC staffing, delays in proceedings, coordination with the CEC and CAISO, and the impact of rate increases on customers. The agencies also discussed the AB 3264 transmission financing study, with CPUC saying work on the study had already begun and was on track for the July 1 deadline. Several trailer bill and implementation items were also discussed. The committee reviewed a proposal to extend the Deaf and Disabled Telecommunications Program surcharge, with members split over whether it should be handled in budget trailer bill language or policy legislation; the administration said the surcharge supports a critical program serving about three-quarters of a million Californians. The committee also heard a CPUC data-sharing proposal to allow nondisclosure agreements for transmission and reliability data, which members generally supported as a technical fix. DWR explained a proposal to clarify language for the Electricity Supply Strategic Reliability Reserve so it can potentially sell three gas-fired units it owns, and the CEC presented a federal transmission grant proposal tied to grid-enhancing technologies and ratepayer cost recovery. Finally, the committee discussed California Lifeline and possible broadband pilot reforms in light of uncertainty around federal Universal Service Fund support, with CPUC saying it is exploring a statewide standalone broadband option for eligible customers.

Transcript Highlights:

• <00:58:53.319> to<00:58:53.599> match housing tax credit financing to match housing
• and typically the well for financing and typically the well for sure<00:59:06.640> the<00:59:
• I think that demonstrates that it is a bit more difficult to get these kinds of projects financed in
• He said that if passed, this Cub credit could potentially ease the use of tax increment financing and
• Again, a goal of limiting tax increment financing to do that final closing of gap financing, which also

Bills: HF1277, HF812, HF457, HF633

Keywords: data centers, tax exemption, Minnesota statutes, economic development, employment growth, income tax, tax brackets, tax adjustments, Minnesota, tax policy, underutilized buildings, adaptive reuse, building conversion, historic preservation, downtown revitalization, vacant property, vacancy reduction, refundable tax credit, income tax credit, grant in lieu of credit

Transcript Highlights:

• Because it allows communities to access financing to meet new growth needs upgrading existing facilities
• The city utilized the program to finance the Inner Harbor project and as a result will save a hundred
• When I read your bill, it looks like it's a finance mechanism.
• The bank finances projects up to 62 miles.
• We have financed over 300 projects with a total investment of over $12 billion.

Bills: HB 1089, HB 1163, HB 1177, HB 1238, HB1318, HB1400, HB1407, HB1532, HJR7, HJR7

Keywords: coastal protection, environmental management, Gulf Coast, storm risk management, funding, Texas General Land Office, healthcare, insurance reform, patient access, insurance regulation, affordable care, health insurance, consumer rights, coverage transparency, claims process, insurance regulations, aggregate production, environmental impact, financial responsibility, reclamation

Transcript Highlights:

• Good afternoon, Senator Richardy and members of the finance committee.
• Richardy and members of the finance Richardy and members of the finance committee.<00:03:32.159>
• Is this going to go to finance? Yes, it is. Finance. I'll support the motion for discussion.
• <00:43:19.680> And really think it will pass finance.
• And really think it will pass finance.

Keywords: 1191, senate, all

Transcript Highlights:

• Steven Benson with the Department of Finance.
• Stephen Bentz with Finance. So the requirement is applicable to the whole bond.
• ; **Tess Shirkenbach**, Department of Finance.
• **Charles LaSalle**, Department of Finance: No additional comments.
• LAO, or I'm sorry, Department of Finance?

Keywords: 988, house, all

Transcript Highlights:

• That is the amount that currently is being sent to the Finance Committee, and the Finance Committee will
• That is the amount that currently is being sent to the Finance Committee, and the Finance Committee will
• with the the Finance with the the Finance Committee<01:20:31.080> and<01:20:31.240> the
• being sent to the Finance Committee, and the<01:20:55.440> Finance<01:20:55.800> Committee
• Uh I financing cost, construction cost.

Keywords: 1187, senate, all

Transcript Highlights:

• I serve both the Education Policy Committee and the Education Finance Committee.
• re-referred to the committee on finance re-referred to the committee on finance education<00:10:
• It's like a trickle effect, and it starts obviously with finances.
• It's like a trickle effect, and it starts obviously with finances.
• <01:38:30.760> and chair once it goes to Ed finance and chair once it goes to Ed finance and

Keywords: 1183, house

Transcript Highlights:

• Department of Finance? Anything? Bowen Peterson, Department of Finance. Nothing to add.
• Department of Finance. Neil Kishun, Department of Finance.
• You don't have a role in financing; you have a role in reviewing, but you don't have a role in financing
• The High-Speed Rail Authority finances the projects.
• Bowen Peterson, Department of Finance.

Keywords: 988, house, all

Summary: The committee heard several budget and policy items, beginning with the DMV’s proposal for the federal state-to-state verification system and the Digital Experience Platform (DXP). DMV officials said the state-to-state system is required for Real ID compliance and functions as a pointer system that shares only limited identifying information to help states verify whether an applicant has records in another jurisdiction. Members pressed hard on privacy, access, hacking, notification, and misuse concerns, including whether other states or federal actors could use the system to target Californians. DMV said access is limited to member jurisdictions, requests are transaction-based, records are encrypted, California can see when its data is requested, and legal remedies would include working through AAMVA and the Attorney General if misuse occurred. On DXP, DMV said the project has been reset, is on its revised schedule and budget, occupational licensing is complete, vehicle registration is targeted for completion by the end of the calendar year, and the full modernization is expected by fiscal year 2028-29. The committee then took up the High-Speed Rail Office of Inspector General trailer bill and AB 1608. The Inspector General said current law does not clearly authorize public reports or establish a work-paper retention and disclosure framework, and that the trailer bill and AB 1608 would codify those powers, add access to needed job classifications and purchasing authority, and require public reporting with temporary confidentiality only in limited circumstances such as pending litigation, security vulnerabilities, or fraud-detection weaknesses. Members debated how broad the confidentiality language should be, whether reports could remain confidential too long, and whether the bill should define “proposed agreements” and require notice to the Inspector General when agreements are being reviewed. The Inspector General said he had already found at least one procurement-related state law violation involving an amendment that added services not in the original contract, and members discussed the project’s large cost growth and the need for stronger oversight. No vote was taken on the item in the portion provided. Finally, Caltrans began presenting a trailer bill proposal related to workforce development under SB 150, explaining that it would amend Government Code 14017, which governs use of federal highway formula funds and related workforce development efforts. The transcript cuts off as Caltrans starts its overview, so no further discussion, vote, or action on that item is shown in the provided text.

Transcript Highlights:

• Motion is to report to finance. Questions or comments on these?
• That bill is moved to finance. Next bill: Senate 1239E by Senator Kavanaugh.
• That bill moves to finance. Our next bill: Senate 4162 by Senate... We'll move to finance.
• That bill moves to finance.
• That bill moves to finance. Our last bill for this agenda...

Keywords: 993, senate, all

Summary: The Agriculture Committee met for its first 2026 meeting and took up a full agenda of bills focused on food safety, agricultural programs, consumer transparency, and farm-related policy. Early measures included S.592 on a youth and agriculture entrepreneurship summer employment program, which was reported to finance without opposition, and S.1239E, the Food Safety and Technical Disclosure Act, which would require disclosure of certain food ingredients to the state and public and also ban three substances outright. Senator Kavanaugh described the bill as closing a loophole in federal food safety law; Senator Borrello opposed it as a state-by-state approach that could raise costs and disrupt the supply chain, while Senator O’Rourke supported it as a science-based measure with available substitutes. The bill was reported back to the board with one no vote and one without recommendation. The committee also advanced S.1783A on liquefied petroleum/propane fee disclosures, with supporters saying it would prevent consumers from being charged for improper or hidden fees and opponents arguing it should not single out state-related charges; the bill moved to the board. S.4041, creating a sanitary retail food store grant program, was reported to finance. S.4162, relating to the Fresh Connect program and local produce purchases, prompted discussion about whether state resources should instead be concentrated on the Double Up Food Bucks program; sponsors said both programs are needed and that Double Up has capacity limits, and the bill was moved to finance. Later, the committee advanced S.6286A, establishing an agricultural tax viability pilot program tied to agrivoltaics; supporters said it would address a need raised in recent hearings and work with farm groups, while Senator Borrello voted no. The final bill, S.7618 on food safety and quality date label requirements, drew debate over whether New York should act without a federal standard and whether the bill could create confusion or unintended costs, especially for dairy and other perishables. Supporters said the bill would reduce food waste and simplify the many existing date labels without forcing new labeling on those who do not already use it; members also discussed refrigeration references in the bill, and the sponsor said the language could be adjusted. The committee then adjourned and announced that future meetings will be held on the third floor in the new location.