Video & Transcript Research : 'reverse auction'

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AR

Arkansas 2026 1st Special Session

ALC-STATE INSURANCE PROGRAMS OVERSIGHT SUBCOMMITTEE Jun 17th, 2026

ALC-STATE INSURANCE PROGRAMS OVERSIGHT SUBCOMMITTEE

Transcript Highlights:
  • The unfortunate aspect is, and I think North Carolina is probably the best example of a state that reversed
  • The unfortunate aspect is, and I think North Carolina is probably the best example of a state that reversed
Summary: The State Insurance Programs Oversight Subcommittee met on June 17 and reviewed a series of Employee Benefits Division and Office of Property Risk items. The committee approved formulary changes for March and April that favored lower-cost generics, removed some new-to-market drugs from coverage pending more evidence, and made maintenance changes to migraine and diabetes medications. Members also approved a cell and gene therapy policy that would route those therapies through prior authorization rather than automatic coverage; officials said the process should not delay urgent cases and that no current members would be affected. The committee then reviewed a UAMS pharmacy benefit consultant contract amendment, but after extended discussion about the written scope and dollar amounts, the motion was approved with the understanding that any use of optional services would return to the committee for further review. The committee also reviewed the U.S. Able Mutual/Blue Advantage third-party administration contract and the CompSack employee assistance program contract, which officials said would reduce per-member costs and add services. The subcommittee approved proposed 2027 rates for state employees and public employees, with a 9.8% increase for state employees and a 4.9% increase for public school employees. Officials also reported that the UnitedHealthcare rebid was in its final negotiation stage and would return in August, with medical and pharmacy coverage split as previously recommended. In response to questions, the director said the division was considering broader preventive-care offerings, including weight-loss drug coverage, but would proceed cautiously and with strong utilization controls and holistic support if such a program were adopted. On the property risk side, the committee reviewed permanent rules making prior temporary rules permanent, a contingency-fee subrogation contract, and renewals for claims management, actuarial services, and investment management. Members raised concerns about Sedgwick’s claim-adjustment timeliness and communication with school districts after severe weather events; officials said performance guarantees and communication expectations had been strengthened, but the renewal was kept at three years for continuity. Finally, the committee approved 2026-27 captive insurance program rates, which included no change to minimum deductibles, a 10% overall rate reduction, and bucketed rate changes by entity type. Officials said the captive program was working as intended, with improved actuarial support and claims experience, and the meeting adjourned after the approvals.
WV
Transcript Highlights:
  • disclosure to a customer regarding losses due to fraudulent or accidental transactions may not be reversible
  • Current language states that they are reversible.
Keywords: 994, senate, all
Summary: The Senate Finance Committee met with a quorum present and first approved the minutes of the previous meeting. It then took up House Bill 5438, which revises parts of the school aid formula and limits certain uses of instructional program, technology, and induction funds; the committee adopted an Education Committee amendment and reported the bill to the full Senate. The committee also reported House Bill 4087, creating the West Virginia-Ireland Education Alliance for higher education partnerships and grants, after brief explanation and no opposition. Members then considered House Bill 4191, which expands the child care tax credit to employer-sponsored child care facilities and changes subsidy payments from attendance-based to enrollment-based, with electronic filing requirements by 2026. Senators spoke in strong support, describing it as a workforce and economic development measure, and the bill was reported. House Bill 5074, which redirects medical cannabis fund balances and future revenues to general revenue and several specified purposes including the Supreme Court, universities, law enforcement, and health programs, was amended to increase the court allocation and remove the direct university research earmarks; it was reported over concerns that accumulated fund money would be diverted to general revenue. The committee also advanced House Bill 5353, bringing virtual currency kiosks under money transmission licensure and adding consumer disclosures, transaction limits, support requirements, and anti-fraud protections; a strike-and-insert amendment clarified kiosk rules and added law-enforcement contact requirements. House Bill 5527, regulating licensure of wellness reimbursement program administrators and related broker duties, was amended to clarify the definition and protect proprietary licensing information from public disclosure, then reported. House Bill 5687, as amended, phases down the metallurgical coal severance tax and incorporates a separate oil-and-gas tax reduction for new wells while adjusting county and municipal distributions, and it was reported. The committee also approved a large revenue rules bundle, House Bill 4245, with amendments to a lottery rule and a pre-need burial company rule, and reported House Bill 4418 to create an electronic municipal B&O tax filing system once enough municipalities participate. Finally, the committee reported House Bill 5168, which creates a permanent $12 million lottery-funded EMS support structure, including mental health treatment funding, county EMS funds, and an all-county EMS fund; members emphasized the need for stable EMS funding, especially in rural areas, and clarified how counties with and without levies would benefit. The committee then announced several Senate bills would not be taken up that day and adjourned.
OK

Oklahoma 2026 Regular Session

Revenue and Taxation Feb 16th, 2026 at 01:30 pm

Revenue and Taxation

Transcript Highlights:
  • So, if I understand correctly Effectively, what this bill will do is reverse what this body did last
  • This would reverse a future tax cut that is, as yet, we don't know when it would happen.
FL

Florida 2026 5th Special Session

Appropriations Oct 8th, 2025

Transcript Highlights:
  • And then in addition to that, you took a number of forced reversions and other adjustments that had the
  • And then in addition to that, you took a number of forced reversions and other adjustments that had the
Summary: The committee met to hear Amy Baker’s presentation on Florida’s constitutionally required long-range financial outlook for fiscal years 2026-27 through 2028-29. Baker said the forecast reflects slower but still positive economic growth, continued above-average personal income growth, rising wages, and population growth that is increasingly driven by in-migration as Florida’s senior population expands. She highlighted weakening housing-related revenue, especially documentary stamp taxes, softer consumer sentiment, and the expectation that Florida will pass 25 million residents by 2030, with nearly a quarter of the population age 65 or older. Baker said the outlook largely retained the March 2025 general revenue forecast, but the Legislature’s 2025 session actions significantly improved near-term funds available by redirecting or freeing up money, including contingency appropriations and reversions. She noted total state reserves are just under $15 billion, or about 30% of general revenue, and that the budget stabilization fund is at its constitutional maximum. The main spending pressures in the outlook were critical needs, led by a new emergency preparedness and response fund transfer and Medicaid growth driven mainly by medical inflation and behavioral analysis costs in managed care, not by caseload growth. Other high-priority needs were also identified, and Baker said the first year shows a projected surplus, but years two and three show shortfalls, meaning fiscal strategies will still be needed. Members questioned Baker about the accuracy of the forecast, Medicaid managed care costs, the emergency preparedness fund, federal funding assumptions, and whether recent federal legislation was reflected in the numbers. Baker said the outlook is a good representation of the total picture, though the Legislature will likely adjust it as conditions change, and that more information on federal changes would come in later estimating conferences. Senator Trumbull asked about the governor’s veto of $750 million, and Baker said it simply returned to unallocated general revenue rather than being spent or added to the budget stabilization fund. The chair closed by warning members to expect a difficult budgeting process and noting that the committee would adjourn without further action.
FL

Florida 2026 Regular Session

Appropriations Oct 8th, 2025

Appropriations

Transcript Highlights:
  • And then in addition to that, you took a number of forced reversions and other adjustments that had the
  • And then in addition to that, you took a number of forced reversions and other adjustments that had the
Summary: The committee met to receive Amy Baker’s presentation on Florida’s long-range financial outlook for fiscal years 2026-27 through 2028-29. Baker said the forecast assumes continued but moderating economic growth, with Florida GDP slowing from recent highs, personal income remaining above average, wages continuing to rise faster than job growth, and population growth eventually slowing as the state approaches 2030 and the baby-boomer cohort fully ages into retirement. She also highlighted weakening housing and real-estate-related revenue, especially documentary stamp collections, along with low consumer sentiment as signs of caution in the outlook. Baker explained that the state’s near-term general revenue picture improved largely because of legislative actions taken in the prior session, including contingency releases, reversions, and other budget adjustments, rather than from major new revenue growth. She said reserves remain strong at nearly $15 billion, or just under 30% of general revenue, with the budget stabilization fund at its constitutional maximum. The main spending pressures identified were critical needs and other high-priority needs, led by a new recurring transfer to the emergency preparedness and response fund and by Medicaid, where rising service costs and medical inflation—especially behavioral analysis costs in managed care—are driving higher expenditures despite lower caseloads and a slightly better federal match. Members questioned the accuracy of the forecast, the Medicaid cost drivers, the treatment of the governor’s emergency fund, federal funding assumptions, and whether recent federal legislation was reflected in the numbers. Baker said the outlook assumes current federal funding paths continue, that the new federal tax/revenue law had not yet been fully incorporated because agencies were still reviewing it, and that the emergency fund line was calculated from recent appropriations without distinguishing specific uses. She also said the vetoed $750 million did not affect the budget stabilization fund because it reverted to unallocated general revenue. No bills were heard, no votes were taken, and the committee adjourned after the presentation and discussion.
WA

Washington 2025-2026 Regular Session

Select Committee on Pension Policy Jun 17th, 2025

Select Committee on Pension Policy

Transcript Highlights:
  • for the following items: what is a merger, what is a termination, what is a restatement, what is a reversion
  • What is a reversion? What is a determination letter? And what is a private letter ruling?
Summary: The committee approved the May minutes by roll call vote and then received brief updates from the Attorney General’s office and the Office of the State Actuary. The AG’s office said it would handle legal analysis related to the committee’s work, while the actuary reported that staff were at capacity this summer due to annual valuation work, experience studies, and other retirement system projects, but would have more capacity in the fall. Members also requested access to fiscal note and actuarial materials related to the LEOFF 1 study and related legislation. The main discussion focused on the LEOFF 1 study, including actuarial funding, a proposed merger/termination/restatement approach, and the possibility of a permanent COLA for Plan 1 members. Several members supported keeping COLA recommendations in the committee’s work, while others raised concerns about whether merging or restating plans could affect benefits, legal status, or IRS tax treatment. The actuary explained that the temporary pause in certain funding rates reflected prior overfunding buffers and assumptions about future investment returns, and said future base-rate funding could still be needed depending on experience. Members also discussed constituent correspondence, which staff said largely fell into four categories: the LEOFF 1 study, Plan 1 benefits and COLAs, fossil fuel divestment, and ESSB 5357. The committee agreed that divestment concerns are more appropriately directed to the State Investment Board, not this committee. In reviewing the draft interim work plan, members added or adjusted several topics for future meetings, including a July educational briefing on LEOFF 1 history and tax/IRS issues, a September discussion of COLAs, and a December placeholder for excess compensation/pension spiking, pending coordination with the LEOFF 2 Board. The committee then approved the July agenda and adjourned.
TX

Texas 89th Regular

State Affairs May 12th, 2025

State Affairs

ND

North Dakota 2025-2026 Regular Session

House Government and Veterans Affairs Apr 9th, 2025 at 11:01 am

Government and Veterans Affairs

Transcript Highlights:
  • However, this is a reversion back to what current law is.
  • The Senate made some changes to it, and this red and green language is simply just a reversion back to
Bills: SB2156
Summary: The subcommittee met to review HB 2156, which reorganizes North Dakota campaign finance disclosure law by repealing Chapter 16.1 and moving the provisions into a new Chapter 16.2 with mostly technical cross-reference updates. Legislative Council and the Secretary of State’s office walked through the bill section by section, explaining that most language is carried over from current law, with some cleanup to definitions, reporting requirements, public access rules, and filing procedures. The committee discussed how the new chapter would apply to candidates, candidate committees, political committees, political parties, ballot measure groups, and conduits. Several substantive issues were raised and adjusted during the discussion. Members questioned the open-records language for expenditures and contributions over $250, the use of “deposit” versus “receipt” as the reporting trigger, and whether the 48-hour supplemental reporting deadline should be changed to three calendar days; the group ultimately favored keeping 48 hours and using “deposit” consistently. They also clarified reporting dates, including changing one special-election deadline from 40 days to 39 days, and confirmed that balances of campaign funds would be reported but not made publicly available. The Secretary of State’s office also explained that the bill would make late fees public and that the chapter-wide penalty for willful violations remains a Class A misdemeanor. The main policy change debated at length was the late-filing fee schedule. Members expressed concern that the existing penalties were too low to deter intentional non-filers, and after discussion the committee agreed to increase the final late fee from $100 to $500 while keeping the new public posting of delinquent filers. The committee also reviewed an inflation-adjustment provision for reporting thresholds and the “ultimate true source of funds” language, which was described as existing law being carried into the new chapter. The meeting ended with the understanding that additional drafting changes would be made and that the bill would be ready for further committee action later in the week.
US
Transcript Highlights:
  • Grassley and I got a provision into last year's NDAA for the military... to start a pilot program to reverse
  • It's a good start, but it is a backstop because reverse engineer... can actually take years to get done
Summary: During this meeting, the committee hosted an extensive discussion on the operations and logistical challenges facing the U.S. Transportation Command (Transcom). General Reid provided testimony on key areas including the importance of maintaining robust logistical capabilities in contested environments, particularly in relation to geopolitical threats posed by adversarial nations. Various members emphasized the necessity for modernization of the air refueling fleet, addressing issues such as the readiness of the KC-135 and the procurement of the next-generation KC-46 aircraft, which has experienced delays and technical challenges. The dialogue further extended to the strategic importance of U.S. ports and transportation infrastructure, especially in regions like Alaska which play a crucial role in military logistics and power projection.
NM

New Mexico 2025 Regular Session

House - Rural Development, Land Grants And Cultural Affairs Jan 28th, 2025

House Rural Development, Land Grants And Cultural Affairs

Transcript Highlights:
  • The other change that we're requesting is to remove the reversion clause on the bill.
  • Representative, I've noticed that in several bills, there's this clause to remove the reversion of funds
CA

California 2025-2026 Regular Session

Assembly Utilities and Energy Committee Jun 24th, 2026

Utilities and Energy

Transcript Highlights:
  • all kind of uncomfortable conversations to be having, whether you're looking at things like flow reversals
  • And it made such an interesting reversal where— It all, too.
  • And it made such an interesting reversal where you have the environmental community in support of a bill
  • We have to look at things like flow reversal in the Western Gateway. I do.
  • Flow reversal in the Western Gateway. I do.
Keywords: 988, house, all
CA

California 2025-2026 Regular Session

Senate Privacy, Digital Technologies, and Consumer Protection Committee Jun 22nd, 2026

Privacy, Digital Technologies, and Consumer Protection

Transcript Highlights:
  • So let's go in reverse order, and I might need help remembering the first.
  • So let's go in reverse order, and I might need help remembering the first one when we do that.
  • discounts people want but not the sort of discounts that, again, can be personalized pricing just in reverse
  • . ...but not the sort of discounts, but again, can be personalized pricing just in reverse.
  • can be copied, combined, and reused in ways that are difficult to trace and nearly impossible to reverse
Keywords: 987, senate, all
MA
Transcript Highlights:
  • If the economy struggles greatly over the next three years, the reverse will be true, right?
  • If the economy struggles greatly over the next three years, the reverse will be true, right?
  • Although the so-called millionaires tax was essentially the last straw among this group, the reversal
  • And then the ultimate test: the tax cut was reversed after five years.
  • And then the ultimate test, the tax cut was reversed after five years.
Keywords: 995, all
Summary: The Special Joint Committee on Initiative Petitions held a public hearing on two proposed ballot initiatives: one to reduce the state personal income tax rate from 5% to 4% over three years, and another to revise the state’s tax collection cap/62F process so it would be based on prior-year collections plus wage growth and include surtax revenue. The committee chair and House co-chair outlined the hearing process, and the first witness was Doug Howgate of the Massachusetts Taxpayer Foundation, who testified as the committee’s subject-matter expert on both measures. He said the income tax proposal would lower taxes broadly but would reduce state revenue by about $5.4 billion when fully implemented, with an estimated $800 million hit in FY27, and he discussed possible effects on competitiveness, taxpayer savings, and public finances. On the 62F proposal, he said the revised cap would make refunds more likely, could have produced several large refunds in recent years, and would reduce stabilization fund deposits and constrain recovery after recessions. Committee members questioned Howgate about competitiveness, outmigration, prior tax ballot measures, spending growth, MassHealth, and the interaction between the income tax and surtax. He emphasized that taxes are only one part of the state’s overall competitiveness and that housing, public services, and other factors also matter. He also noted that the surtax is constitutionally restricted but can still support ongoing spending choices. After his testimony, the committee moved to the proponents’ panel. Proponents of both initiatives, including representatives from Taxpayers for an Affordable Massachusetts, the National Federation of Independent Business, Pioneer Institute, and the Mass Opportunity Alliance, argued that the measures would improve affordability, help retain residents and businesses, and support job growth. They cited polling support, outmigration, small-business reinvestment, and comparisons to lower-tax states such as North Carolina. Their economist, Rebecca Paxton, said her model showed smaller revenue losses than critics claim and projected that the revised revenue cap would not create additional annual revenue losses while producing more regular taxpayer refunds. Committee members pressed the panel on competitiveness, prior ballot initiative implementation, and whether the measures would actually address broader affordability pressures; the hearing ended with the committee continuing to take questions from the proponents.
HI

Hawaii 2026 Regular Session

CPC Public Hearing - Tue Mar 24, 2026 @ 2:00 PM HST

Consumer Protection & Commerce

Transcript Highlights:
  • It allows contracting pharmacies to reverse and rebill claims if a maximum allowable cost is denied on
  • Because if it's voluntary, it can be reversed the moment the bill dies.
  • Next up is HMSA in opposition. it's voluntary, it can be reversed the it's voluntary, it can be reversed
  • Type 2, I believe, can be reversed, but type 1, I don't believe, can be. Okay. Thanks.
Summary: The committee heard testimony on SB 2433 SD1 relating to condominiums, which would direct the condominium education trust fund toward educational resources for unit owners and require the Real Estate Commission to ensure owners’ interests are represented in funded activities and related rulemaking. Supporters, including the Hawaii Real Estate Commission and a condominium owner advocate, said owners need a seat at the table in condo governance and education efforts. Committee discussion focused on whether the bill was necessary, with the Real Estate Commission indicating it could already use the trust fund for owner education and that owners are already considered stakeholders, though not through a specific commission seat. No vote was taken during the excerpted discussion. The committee then took up SB 2047 SD2 HD1 on pharmacy benefit managers, which would set requirements for maximum allowable cost reimbursement, allow reverse-and-rebill claims after successful appeals, and authorize fines for violations. The Insurance Division offered comments, the Hawaii Pharmacists Association supported the measure with amendments and suggested future PBM reform funding, and Kaiser Permanente requested a technical amendment. A committee question raised whether the staffing and resource request for implementation was too large for a bill focused only on MAC pricing, and the witness said he would provide more data to the next committee. No final action was shown. Next was SB 2425 SD2 HD1 on health insurance and substance use disorder treatment, requiring insurers to honor written assignments of benefits to SUD providers and prohibiting anti-assignment clauses. Supporters described patients being unable to access treatment because of high out-of-pocket costs and said direct payment would reduce harm for people in recovery. HMSA opposed the bill but said it would begin direct payments to non-participating SUD facilities effective March 27, while continuing to object to the assignment-of-benefits portion because of fraud and balance-billing concerns; the Hawaii Association of Health Plans also opposed. Members questioned HMSA about reimbursement mechanics and why the bill was needed if coverage policies were already changing. Finally, the committee heard SB 3045 SD1 HD1, which would require coverage of continuous glucose monitors and related supplies, including for Medicaid managed care, under certain conditions. DHS and the Insurance Division offered comments, while SHPDA, Hilo Benioff Medical Center Foundation, and others supported the bill, citing inconsistent access and a case in which a woman allegedly died after being denied a CGM. HMSA said it already covers medically necessary CGMs and had updated its policy in 2025 for type 1 and insulin-dependent patients, but it raised concerns about expanding mandated coverage to type 2 and gestational diabetes and about supply impacts. The committee also discussed whether the bill duplicated existing coverage standards and why it had been introduced repeatedly. No votes or final dispositions were included in the excerpt.
MN

Minnesota 2025-2026 Regular Session

House Elections Finance and Government Operations Committee 2/23/26

Elections Finance and Government Operations

Transcript Highlights:
  • My question is, um, is there a process to sort of go in the reverse?
  • I wonder if you're asking about section 375A.1205, which has a reverse referendum process for individuals
  • .1205 about section 375A.1205 which<01:05:06.400> has<01:05:06.559> a<01:05:06.720> reverse
  • <01:05:07.039> referendum<01:05:07.599> process which has a reverse referendum process
  • which has a reverse referendum process for<01:05:09.119> um<01:05:09.280> individuals<
Bills: HF1667, HF2526, HF68
AZ

Arizona 2026 Regular Session

01/27/2026 - House Natural Resources, Energy & Water

Natural Resources, Energy & Water

Transcript Highlights:
  • I worked with the Chronic Disease Reversal Practice and saw hundreds of patients before and after toxicology
  • I'm very aware of the impact heavy metals have on health and how eliminating these toxins can truly reverse
  • I worked with the Chronic Disease Reversal Practice and saw a hundred medical examiners with four years
  • of clinical training I worked with the chronic disease reversal practice and saw hundreds of patients
  • I'm very aware of the impact heavy metals have on health and how eliminating these toxins can truly reverse
Summary: The committee first received an update from Arizona Department of Water Resources Director Tom Buschatzky on Colorado River negotiations and post-2026 operating rules. He described the legal framework governing Arizona’s allocation, argued that Arizona and the lower basin have already made substantial conservation cuts, and said the upper basin is pressing positions Arizona views as inconsistent with prior Supreme Court rulings. He emphasized the need to move water from upstream reservoirs to Lake Mead, warned of continued shortage risk, and said the state is seeking an equitable deal through ongoing federal and interstate negotiations. Members asked about outside water use, tourism and recreation impacts, and tribal water rights, including the Navajo-Hopi-San Juan Southern Paiute settlement. Buschatzky said the state’s delegation and bipartisan support have been helpful and urged continued public and legislative backing. The committee then heard House Bill 2758, which would expand McMullen Valley groundwater transportation authority and add related requirements and guardrails, including an amendment increasing the La Paz County transportation cap from 10% to 50% of the annual volume and adding conditions for sales or leases from historically irrigated acres. Supporters, including bill sponsor advocates, the Arizona Municipal Water Users Association, and the Home Builders Association, said the bill would create a lawful, regulated transfer option similar to the Harquahala model, support housing growth, and include oversight through hydrologic studies, pumping limits, and monthly reporting to ADWR. Opponents, including La Paz County Supervisor Holly Irwin’s statement, local residents, Sierra Club, and rural advocates, argued the bill would accelerate aquifer depletion, harm private wells and subsidence conditions, and benefit a New York hedge fund at the expense of rural communities. After debate, the committee adopted the Griffin amendment and then passed HB 2758 as amended on a 6-4 due-pass vote. The committee next took up House Bill 2098, which would modify bonding authority and public hearing notice requirements for county water augmentation authorities and allow local repayment agreements with WIFA. Pinal County Supervisor Stephen Miller and other supporters said the bill would clean up statutory language so the Pinal County Water Augmentation Authority can finance future water augmentation and infrastructure projects, including potential Bartlett Dam-related work, and better prepare for future Colorado River uncertainty. The Home Builders Association also supported the bill, saying it included proportionality protections for private utility water charges. The bill was moved for a due-pass recommendation and the committee proceeded to a roll call vote, with the transcript ending before the final vote result was shown.
TX

Texas 89th 2nd C.S.

Senate Committee on Water, Agriculture, and Rural Affairs May 11th, 2026

Water, Agriculture and Rural Affairs

Transcript Highlights:
  • Whether what type of... yeah, if it has a higher TDS and needs a reverse osmosis or just can be treated
  • Current timelines are 220 days for brackish surface water treatment using reverse osmosis and 120 days
  • for brackish groundwater treatment using reverse osmosis.
  • And second, reverse osmosis technology has become standard for desalination projects worldwide because
  • We currently operate 25 reverse osmosis treatment plants, both brackish and seawater, aggregating 320
Summary: During the meeting, legislative members discussed the practice of municipalities diverting water and sewer revenues to their general funds, which impacts infrastructure maintenance and project delays. Vice Chair Sparks proposed limiting public testimony to two minutes, which was adopted without objection. The committee heard from various witnesses, including Perry Fowler from the Texas Water Infrastructure Network, who emphasized that utility revenues should primarily support water services and that transfers should be transparent and justified. He noted that many utilities face financial pressures that could hinder infrastructure projects. Larry French from the Texas Public Policy Foundation highlighted the significant financial impact of water loss and general fund transfers, estimating the annual loss at $1.5 billion. He argued that these transfers can create disincentives for municipalities to address water loss issues. Brian Butcher, Assistant City Manager of Sugar Land, defended the city's cost allocation model for general fund transfers, asserting that they are necessary for equitable service provision and operational efficiency. The committee also discussed the implications of rising construction costs and the need for better procurement processes to ensure effective use of taxpayer dollars. The second part of the meeting focused on the New World Screwworm and the state's preparedness to manage potential infestations. Dudley Hoskins from the USDA outlined the federal response efforts and the importance of collaboration with state agencies. He emphasized the need for ongoing surveillance and the production of sterile flies to combat the pest. Dr. Philip Kaufman from Texas A&M discussed the historical context of the screwworm and the challenges posed by its potential reintroduction, urging proactive management strategies among livestock producers. The committee acknowledged the need for increased resources and research to effectively address the threat of the screwworm.
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Ways and Means Jun 21st, 2026 at 12:00 pm

Joint Committee on Ways and Means

Transcript Highlights:
  • working with your respective offices on a two-year project that has allowed for historic revenue reversions
  • For the current fiscal year 2026, the division is still on track to meet its reversion estimate of The
  • division is still on track to meet its reversion estimate of $368 million.
Keywords: 995, all
Summary: The Senate and House Ways and Means chairs opened the FY 2027 consensus revenue hearing by emphasizing the need for a balanced, fiscally responsible budget amid federal funding cuts, health care cost pressures, and uncertainty around the federal tax law changes referred to as OB3. They also noted the state’s current revenue performance is slightly above benchmark and paid tribute to the late Representative Anne Margaret Ferranti. Secretary of Administration and Finance Matthew Gorkowitz echoed the call for caution, saying Massachusetts has protected core services while building reserves and that the FY27 budget process begins with a careful revenue estimate. Department of Revenue Commissioner Jeff Snyder, along with DOR staff, presented FY26 and FY27 tax forecasts and identified major drivers and risks: OB3’s negative impact on state revenue, surtax collections, labor market conditions, capital gains, and corporate/business excise taxes. DOR estimated OB3 would reduce FY26 revenue by about $664 million and FY27 by about $282 million, while surtax and capital gains were expected to remain strong in FY26 but soften in FY27. Members questioned the outlook for surtax, capital gains, and the potential fiscal effect of a ballot question reducing the income tax rate from 5% to 4%; DOR said that proposal could cost roughly $4.2 billion to $4.8 billion annually, with a smaller but still significant impact in FY27 because of phase-in timing. Treasurer Deb Goldberg testified next on the stabilization fund, lottery, PRIM, unclaimed property, and the Alcoholic Beverages Control Commission. She reported the rainy day fund at about $8.1 billion, said the lottery was on track for $1.5 billion in FY26 net profit and projected $1.25 billion in FY27, and highlighted that iLottery is expected to launch in summer 2026 with revenue beginning in FY27 and dedicated to child care initiatives. She also described strong PRIM performance and record unclaimed property returns, while members asked about the child care use of iLottery revenue, multilingual outreach, and the economic impact of expanded liquor licensing. Mass Taxpayers Foundation President Doug Howgate and Tufts’ Evan Horowitz then offered differing revenue outlooks and policy warnings. Howgate projected modest growth, cautioned against overusing reserves for ongoing obligations, and urged caution on federal tax conformity changes and health care spending pressures. Horowitz projected higher FY26 and FY27 revenues than other witnesses, warned that the surtax and capital gains make the tax system more volatile, and said a 4% income tax ballot question could reduce FY27 revenues by roughly $800 million to $1 billion. He also flagged the rent control ballot question as a potential risk to municipal finance and suggested the state consider giving a permanent home to the independent revenue model used by Alan Clayton-Matthews.
NM

New Mexico 2025 Regular Session

House - Appropriations and Finance Oct 1st, 2025

House Appropriations & Finance

Transcript Highlights:
  • And the second part of that question is, were there reversions from these agencies?
  • We'll look up on the reversion side.
  • As it was on the reversing side, the director will have that, Madam Chair, Representative Baca. to our