Transcript Highlights:

• That would mean setting aside funding to reduce pension liabilities and district contribution rates over
• The trailer bill language sets forth these processes.
• My community and my students are hurting due to current ice rates.
• So sick leave is going to be their normal salary rate, right?
• We're a little concerned about holding that kind of as a set-aside.

Keywords: 988, house, all

Summary: The committee first took up the May Revision update on Proposition 98 and the school rainy-day fund. The Department of Finance said the minimum guarantee rises by $6.4 billion over the Governor’s Budget across the three-year window, with lower average daily attendance projections offsetting some of the revenue gains. Finance also described a reduced $3.9 billion settle-up proposal, increased deposits into the Public School System Stabilization Account, and an ending reserve balance of about $10.3 billion. The LAO said the revenue and LCFF adjustments were reasonable, but urged the Legislature to be cautious about delaying settle-up payments and to consider more budget resiliency, including larger cushions or other tools to protect ongoing programs. Members then questioned the administration and LAO about the size of the settle-up, the rationale for the reserve deposit, declining enrollment, and how lower attendance is creating savings that can be redirected to other school priorities. The LAO said the May Revision’s mix of one-time and ongoing spending was generally reasonable but recommended keeping a strong cushion and considering alternatives such as advance payments or pension-related savings. Questions also focused on how the May Revision’s funding mix affects districts if revenues weaken, and on the treatment of special education, discretionary block grants, and paid family leave costs for LEAs and community colleges. The committee next heard the community colleges portion of the budget. Finance described a higher SCFF COLA, increased apportionment costs, a student support block grant, deferred maintenance, Common Cloud, Calbright, credit for prior learning, and a one-time adult learner demonstration project. The Chancellor’s Office supported the core investments but asked for more funding for enrollment growth, changes to the SCFF growth formula, and a COLA for Student Equity and Achievement. The LAO recommended funding the statutory COLA increase, noted a $52 million current-year apportionment shortfall not yet included in the May Revision, and suggested the Legislature could instead direct some funds to enrollment growth, categorical COLAs, or one-time uses. Members also clarified how COLA and hold-harmless rules apply to different community college districts. Finally, the committee reviewed the proposed state implementation of the federal Workforce Pell program. Finance proposed one-time funding for the Student Aid Commission and Cradle to Career data work, plus trailer bill changes to set up state approval of eligible programs. CSAC said the program is promising but highly complex, with new federal rules just released and significant data, regulatory, and systems work still needed; it said the state will not be ready by July 1 and that ongoing funding will likely be necessary. The LAO agreed that implementation will require careful trailer bill language and noted that ongoing administrative costs remain unresolved. Members asked about other states’ approaches and the practical effect on short-term workforce programs in California.

Transcript Highlights:

• <00:30:53.520> return rate assumed rate of investment return rate assumed rate of investment
• called direct rate smoothing. called direct rate smoothing.
• So this is that statutory rate.
• So this is that statutory rate.
• was set at $170 a day. was set at $170 a day.

Keywords: Meeting Start: 00:00:00 Attendance Roll Call: 00:00:12 Approval of Minutes: 00:01:34 Actuarial Valuation Update – KPPA: 00:02:10 Actuarial Valuation Update – TRS: 00:25:32, 958, all

Summary: The meeting began with roll call, confirmation of a quorum, and approval of the prior minutes. The main presentation was from KPPA officials Ryan Barrow and Erin Saratt on the annual actuarial valuations for the retirement and insurance systems. They said the systems’ funding status improved overall, with three of five insurance funds fully funded, CERS hazardous dropping from over 100% funded to 90.9% because of premium changes, and KRS receiving $650 million in supplemental funding over the biennium. They also reported strong investment returns above assumed rates, higher payroll and membership counts, and resulting actuarial losses tied to higher salaries and premiums, especially on the insurance side. Members asked several questions about what drove the actuarial losses and whether legislation affected them. KPPA said the CERS insurance loss was driven by premium increases and Senate Bill 10, while the pension-side losses were largely due to higher payroll and benefits for Tier 1 and Tier 2 members. They explained that new Tier 3 employees are designed to add no additional unfunded liability, and that the state administers the systems but does not directly control all hiring. Questions also focused on retiree health premiums, which KPPA said rose about 15% for non-Medicare retirees and 38% for Medicare retirees, with the increase attributed to utilization, prescription costs, and the Inflation Reduction Act. The committee then heard from TRS Deputy Executive Secretary and General Counsel Beau Barnes on the 2025 TRS actuarial valuation. He reported that the Retirement Annuity Trust and Health Insurance Trust both received full funding, the retirement trust’s funded ratio improved to 61%, TRS 4 remains well funded with no liability, and the health insurance trust improved to 89.1%. Barnes said TRS is on track to fully fund legacy liabilities within the amortization period, with 2044 as the point when the system reflects 100% funding and 2046 as the last year needing additional dollars for the legacy liability. He also explained that lower assumed investment returns and updated mortality assumptions increased liabilities, but that TRS uses direct rate smoothing for budgeting purposes. At the end of the meeting, the chair circulated a proposed set of “do’s and don’ts of pensions,” emphasizing that future legislation should not create unfunded liabilities. Barnes also noted he would later discuss several legislative proposals for the 2026 session, but the transcript provided ends before that discussion or any votes on those proposals.

Transcript Highlights:

• Our strong credit rating of triple A, which is the highest possible credit rating that the rating agencies
• that the rating possible credit rating that the rating agencies<00:42:07.880> can<00:42:08.040
• <00:55:05.760> the rating agencies do continue to rate the rating agencies do continue to
• on those ratings.
• back from those the AAA um ratings back from those rating rating rating agencies<01:26:42.600> oh

Keywords: 1187, senate, all

Summary: The Committee on Capital Investment held its first meeting of the 2025 session with members and staff introducing themselves and describing their priorities. Senators from both parties repeatedly emphasized the goal of passing a strong bipartisan bonding bill this year, with several members noting that local projects were delayed after no bonding bill passed the previous year. Chair Housley also said the committee would not meet later that week and previewed an upcoming presentation from MMB on federal funds. The committee then heard a presentation from MMB’s Leah Corey and Anna Ming on Minnesota’s federal funding efforts. Corey explained that MMB’s federal funds team coordinates state efforts to maximize funding from IIJA, IRA, CHIPS, and related federal programs. She said Minnesota has secured about $12.3 billion in federal funding so far, including roughly $3 billion more since the last presentation, supporting about 1,800 projects statewide. Most of the funding is going to transportation, roads, and bridges, with other major areas including clean energy and weatherization. She also highlighted an interactive public dashboard showing projects by region and noted that much of the data reflects funds flowing through the state enterprise. Corey also discussed state match programs that helped unlock federal dollars, including the IIJA discretionary match fund, the State Competitiveness Fund, and the Forward Fund. She said $180 million in state match has unlocked about $1 billion in federal investment through the IIJA discretionary match fund, nearly $17 million in state investment has unlocked nearly $90 million in federal funding through the State Competitiveness Fund, and $124 million for the Forward Fund has unlocked nearly $1 billion in federal and private investment. Members asked whether more state dollars could have brought in more federal funds; Corey said she was not sure, but noted the IIJA match fund is expected to run out in the coming months. The presentation also focused on direct pay tax credits under the Inflation Reduction Act, which allow tax-exempt entities such as governments, nonprofits, school districts, and tribal nations to receive payments for eligible clean energy projects after they are completed. Corey said the state is building awareness and technical assistance around direct pay, including educational sessions and a tax expert resource. She also described Minnesota’s Green Bank, the Minnesota Climate Innovation Finance Authority, which is beginning to issue loans for projects such as community energy, nonprofit geothermal systems, and solar-plus-battery installations.

Transcript Highlights:

• a rate in um the rates so providers got a rate in um the bium<00:30:49.360> that<00:30:49.480>
• All set.
• All set.
• for daily rates for the beds um I rates for daily rates for the beds um I believe<03:30:55.880> we
• You all set?

Keywords: 928, house, all

Summary: The House Finance Committee’s Division 3 held a public work session on the Behavioral Health budget on February 27, 2025. The chair opened by explaining the schedule, materials, and deadlines for the budget process, and noted there would be no motions or votes in the division that day. Division of Behavioral Health Director Ktia Fox and DHHS CFO Nathan White then walked the committee through the division’s mission, structure, and budget materials, describing the division’s four bureaus: Mental Health Services, Children’s Behavioral Health, Drug and Alcohol Services, and Homeless Services, along with the policy unit. They emphasized the division’s role in oversight, technical assistance, quality assurance, contracting, and the continuum of care from prevention and early intervention through crisis and residential services. Much of the discussion focused on major programs and funding lines, including the 988 Lifeline contract with Headrest, a technical assistance contract with UNH, Medicaid pass-through payments to New Hampshire Hospital and Glencliff, crisis response services, cold-weather homeless responses, housing supports, and the children’s system of care. Members asked about the UNH contract, the 988 program, crisis stabilization centers, and the peer certification program; Fox explained that the peer certification is a training-and-credentialing pathway for people with lived experience to enter community-based behavioral health work, not a volunteer program. The committee also discussed the “Choose Love” program, which Fox said was created after the Sandy Hook tragedy to build resilience and strength-based emotional regulation in schools and communities. On the children’s side, Fox described the system of care account as the place where many contracted services are budgeted, including community mental health centers, care management entities, rapid response services, and residential programs. Members asked about temporary staffing, and Fox said roughly $500,000 in temporary staff costs shown in the current year would not be spent next year because the money came from a nonlapsing appropriation in HB 1573 for oversight of children’s residential services. She also said provider rate increases were a prioritized need but were not funded in the governor’s current budget, and that the Children’s Behavioral Health Resource Center was not funded, resulting in about a $1 million reduction. The session ended while the division was still moving through the children’s behavioral health slides, including questions about the Fast Forward high-fidelity wraparound program and medication management.

Transcript Highlights:

• We're collecting the court's clearance rate.
• . 15% have a clearance rate between 77 and 89%.
• Clearance rates by court level.
• On the next page is clearance rates by trial court case type.
• utility rates or water rates when a large water utility comes and takes in over a local water utility

Transcript Highlights:

• And also savings to the rate payer.
• And so I had mixed per rate case.
• Um it is an legislature sets.
• rate case or having to have five rate rate case or having to have five rate cases,<00:36:14.320>
• <00:46:00.640> Um, it comes to rate increases. Um, it comes to rate increases.

Bills: SB8

Keywords: utilities, public service commission, energy regulation, appointment, emergency declaration, tax increases, consumer protection, Meeting Start 00:00:00 Attendance Roll Call 00:00:51 Approval of Minutes 00:02:07 Legislator Comments 00:02:18 LIHEAP Public Hearing 00:04:19 PSC Update on RS 26 SB 8 00:32:18 WaterStep Presentation 01:04:08, 958, all

Transcript Highlights:

• The first piece delays a rate change that is set to go into effect in July of this year that is unworkable
• rate change that is set to go into rate change that is set to go into effect<00:13:05.920> in
• But the rate was set so low that we only have about two or three vehicles in the state.
• But the rate was set things like that.
• But the rate was set so<00:46:58.720> low<00:46:58.880> that<00:46:59.119> we<00

Keywords: 1183, house

Transcript Highlights:

• And there is a set of technical amendments. This is Amendment Set 5260.
• And there is a set of technical amendments. This is Amendment Set 5260.
• Chairman, this comes with a set of technical amendments. That is Amendment Set 5272.
• Members, this is Amendment Set 5271. There are three amendments in that set.
• or curriculum set.

Bills: HB744, HR197, SB54, SB79, SB163, SB287, SB375, SB386, SB398, SB469, SCR5

Keywords: public utility, common carrier, regulation, Public Service Commission, New Orleans, constitutional amendment, distributed energy, energy storage, electricity demand, virtual power plants, reliability, hurricane resilience, esthetics, cosmetology, hair services, beauty industry, Louisiana regulation, Louisiana Economic Development, sunset law, legislative authority

Summary: The House Committee on Commerce met on May 11, 2026, and first advanced several Senate measures with little or no opposition. It reported favorably Senate Bill 79 recreating Louisiana Economic Development, Senate Concurrent Resolution 5 establishing the Louisiana-Ireland Trade Commission, and Senate Bill 375 on Class B firefighting foam, after adopting a technical amendment clarifying use in declared emergency firefighting operations. The committee also advanced Senate Bill 398, which moves manufactured and modular housing regulation under the Louisiana Contractors Licensing Board and expands inspection and enforcement provisions, after adopting two sets of mostly technical amendments and hearing testimony that the change would improve consumer safety and increase inspection coverage without adding net cost to locals. It then reported favorably Senate Bill 163 on virtual currency business licensing, after adopting an amendment providing that any future federal licensing law would preempt the state act, and Senate Bill 287 on virtual currency kiosks, which adds refund timelines, disclosure requirements, customer support, and reporting duties; witnesses from the banking and law enforcement community said the bill responds to common fraud complaints and improves consumer protection. The committee also reported favorably Senate Bill 54, which allows estheticians to blow-dry hair after certain services, despite strong opposition from cosmetology board representatives and industry witnesses who argued the service is outside esthetics training, could create scope-of-practice and facility issues, and should instead be addressed by lowering or revising separate blow-dry licensing requirements. The committee then considered House Resolution 197, which urges the Louisiana Public Service Commission to study the feasibility and value of distributed energy generation and storage resources. After adopting technical amendments and a second amendment changing mandatory language to requests and urging the PSC to coordinate with the LSU Energy Institute, the resolution was reported favorably. Testimony from solar and energy industry representatives, the PSC, and LSU focused on how distributed resources, batteries, rooftop solar, and virtual power plants could improve reliability, reduce costs, and help meet rising demand; members also discussed how the study would evaluate market value, avoided costs, and capacity benefits. Questions centered on methodology, grid impacts, and comparisons to Texas’s ERCOT system and Winter Storm Uri, with PSC officials emphasizing that the study would help determine whether such resources benefit ratepayers. Representative Wright presented House Bill 744, a proposed constitutional amendment to transfer regulation of certain New Orleans utilities from the city council to the Public Service Commission. He argued the change could reduce rates through consolidation and eliminate duplicative regulatory costs, while PSC officials explained the city’s authority is a constitutional exception dating back to 1921 and that Entergy New Orleans and Entergy Louisiana operate as separate companies with different regulatory environments. After discussion of rate impacts, utility structure, and whether the proposal should instead become a study, the bill was deferred. The committee then began Senate Bill 386, the Louisiana Data Privacy Act, which would give consumers rights to access, correct, delete, and opt out of certain uses of personal data; the sponsor introduced the bill and the committee started considering technical and substantive amendments, but the transcript ends before final action on that measure.

Transcript Highlights:

• This is the value that is multiplied by the tax rate, or the millage rate, in order to calculate the
• The tax rate imposed by local government, a millage rate is the total amount of, quote, mills, that are
• That is a choice by the taxing authorities when they set their millage rates.
• I'll repeat that: that is a choice by the taxing authorities when they set their millage rates.
• The millage rate is something that can be set, adjusted up or down to help accommodate some of these

Summary: The Select Committee on Property Taxes held its first meeting with opening remarks from the co-chairs and ranking member framing the committee’s task as developing property tax legislation for next session. Staff then gave a high-level overview of Florida property taxes, explaining how ad valorem taxes work, the roles of property appraisers, tax collectors, taxing authorities, value adjustment boards, and the Department of Revenue, and reviewing key concepts such as just value, assessed value, exemptions, taxable value, millage rates, homestead exemptions, Save Our Homes, and portability. The presentation also emphasized that property tax law is largely rooted in the Florida Constitution and that local governments choose millage rates, which affects collections. No public comment was taken. The committee then discussed five Speaker-proposed concepts. Proposal 1 would require cities, counties, and special districts to hold a referendum on eliminating property taxes on homestead properties; members raised concerns about local funding, public safety, special districts, renters, and the need for extensive voter education, with some suggesting countywide elections or town halls instead. Proposal 2 would create a new $500,000 homestead exemption for non-school taxes and a $1 million exemption for seniors 65+ or long-term homesteaders; members split between seeing it as meaningful relief for seniors and warning it could devastate local tax bases, especially in lower-value or rural counties, while also potentially trapping older homeowners in place. Proposal 3 would authorize the Legislature to raise homestead exemptions by general law; some liked the flexibility, but others worried about statewide one-size-fits-all impacts, political difficulty in reversing changes, and the need for local revenue replacement. Proposal 4 would change assessment caps for homestead and non-homestead property; several members said it would not provide enough relief and could shift burdens to rental properties and non-homestead owners. Proposal 5, eliminating foreclosure on homestead property for tax liens, drew the strongest opposition, with members saying it would undermine lien priority, mortgage and title systems, and incentives to pay taxes. Throughout the meeting, members repeatedly stressed the need to understand local fiscal impacts, including police, fire, infrastructure, and other services funded by property taxes, and to consider alternative revenue sources or offsets if taxes are reduced. The co-chairs said the committee is still in the information-gathering stage, that all ideas remain on the table, and that members should do “homework” by meeting with local taxing authorities and learning how property taxes are set and spent in their districts. The meeting ended with no votes on the proposals and adjournment after a motion to rise.

Transcript Highlights:

• /c><01:09:03.600> this what you're saying. it'll be set by this what you're saying. it'll be set
• Because I want a retention rate of 80%.
• retention rate something, right? Yeah. retention rate something, right? Yeah.
• <01:47:46.719> up nonprofit that could be set up nonprofit that could be set up >> if
• in a traditional brickandmortar setting. in a traditional brickandmortar setting.

Keywords: 1136, house, all

Transcript Highlights:

• The alternative rate proposed in the October actuarial analysis had a contribution rate of 78% in the
• The alternative rate proposed in the October actuarial analysis had a contribution rate of 78% in the
• The alternative rate proposed in the October actuarial analysis had a contribution rate of 78% in the
• actual analysis had a contribution rate actual analysis had a contribution rate of<00:08:41.159>
• <00:48:41.079> was the premium rate if the premium rate was the premium rate if the premium

Keywords: 1187, senate, all

Summary: The Senate Finance Committee held a hearing on the fiscal note process, prompted by concerns raised in a prior hearing about the fiscal note for the Paid Family and Medical Leave law. Chair Marty, Senator Pratt, and Senator Wiklund said the goal was not to revisit the bill itself but to strengthen understanding of fiscal note standards, the role of the Legislative Budget Office (LBO), and communication with agencies. They emphasized bipartisan concern that fiscal notes must be respected and that the process should be clearer going forward. Christian Larison of the LBO explained that the 2024 fiscal note issues stemmed from three main problems: choosing the proper baseline for a program that had not yet started, interpreting the seven-day qualifying event/waiting period, and determining whether DEED could adjust the first-year premium rate. He said the LBO, DEED, MMB, and House fiscal staff ultimately used the October 2023 actuarial analysis as the baseline because it was the most recent and likely most accurate estimate, but that choice meant the fiscal note did not show the difference from the 2023 enacted budget. He also described how DEED later interpreted the seven-day provision as a waiting period and how the premium-rate assumptions affected the fiscal impact. Larison outlined possible responses, including more assertive early communication from the LBO, providing more detailed analysis in unusual cases, and possibly creating a working group through the LBO Oversight Commission to consider new standards for substantial assumption changes, complex new programs, and third-party actuarial work. He also noted the LBO has authority to issue unapproved fiscal notes if standards are not met, though it has not used that authority. In questions, Senator Murphy asked about protecting the credibility of fiscal notes, and Larison said maintaining independence, objectivity, and consistent standards is central to the LBO’s role. No votes or formal actions were taken at the hearing.

Transcript Highlights:

• What's the current tax rate in El Paso?
• That allows it to go to the water board and get a lower interest rate and have fewer reserves. ...rating
• If you had interest rates typical of an A-rated community...
• If a community is rated as A by rating agencies and issues certificates of obligation, the rating for
• So in other words, interest rate markets change, and as a result, interest rates have lowered.

Bills: HB1453, HB1718, HB2043, HB2207, HB2798

Keywords: local governments, anticipation notes, certificates of obligation, public works, flood control, financial management, local government, municipal financing, private activity bonds, closing definition, real estate finance, bond issuance, government regulation, bond election, general obligation bonds, GO bonds, political subdivision, city bonds, county bonds, school district bonds

Transcript Highlights:

• <00:34:17.839> um time into more restrictive settings um time into more restrictive settings
• rate was closer to 66 or 67%.
• It is part of the local property tax rate that is set within each community.
• It's used... it comes into the town, and at tax rate setting time we have a total amount of money that
• rate setting time we the town and at tax rate setting time we have<04:28:29.000> a<04:28:29.279

Keywords: 928, house, all

Summary: The hearing focused on HB 563, which would revise the education funding formula for pupils receiving special education services by replacing the current single special education amount with three differentiated categories. Representative Rick Ladd, the prime sponsor, said the bill largely tracks a House-passed version from the prior session with minor figure adjustments, and explained that the proposal uses projected FY26 amounts for three categories based on time in general education versus more intensive placements. He also noted that the bill does not address catastrophic aid directly, but that special education aid, CAT aid, and proration all remain issues for later work sessions. Ladd and supporters argued that weighted categories better reflect actual costs and are more sustainable than treating all IEPs the same. Representative Margaret Drye said the approach was one of the best ideas from the education funding subcommittee and urged the committee to support differentiated aid. Representative Ames asked how the category amounts were derived, and Ladd said Category A follows the FY26 base, Category B is a higher weight, and Category C is a still higher weight for more intensive services, though he acknowledged the exact multipliers were developed earlier and could be revisited. He also said the committee would continue discussing whether the weights are appropriate and how they interact with CAT aid. Testimony from Bonnie Dunham strongly opposed the bill. She argued that funding based on placement rather than actual service need would create incentives to move students into more restrictive settings, could stigmatize children with labels such as "Category C," and would undermine the least restrictive environment requirements under federal special education law. She described her son’s experience in inclusive settings as beneficial and said the bill would have penalized the district for serving him there. In response to questions, she said schools and parents should base funding on the child’s actual needs and costs, not on placement, and urged the committee to recommend the bill inexpedient to legislate.

Transcript Highlights:

• And then the interest rate buy-down... ...would have an impact on the interest rate charged.
• rate so that that borrower pays a lower interest rate.
• The interest rate buy-down piece does not recycle.
• And so what we're trying to say is there is a set—there is, today, a set of California system performance
• County, with a homeownership rate exceeding 80%.

Keywords: 987, senate, all

Summary: The subcommittee heard May Revision proposals focused on housing, homelessness, and related administrative changes, and took no votes, holding items open for later action. Item 1 would realign staff positions and resources as part of the Governor’s housing and homelessness reorganization, including shifting two Cal ICH positions to HCD, moving one Cal ICH position for communications/external affairs, and authorizing a chief deputy director at the new Housing Development Finance Committee. Administration witnesses said the changes were technical and net zero-cost, while the LAO recommended approval but asked for clarification on funding for the chief deputy. Several senators questioned whether the staffing shifts would weaken Cal ICH’s homelessness work and whether adding communications capacity was appropriate without new housing funding. Item 2 proposed creating a $100 million Disaster Rebuilding Fund at CalHFA, with $56 million General Fund and $44 million in existing National Mortgage Settlement funds, to support disaster-impacted homeowners through tools such as loan loss guarantees and interest rate buy-downs. CalHFA said the fund would help homeowners bridge the gap between insurance proceeds and rebuilding costs and would work through approved lenders. The LAO raised concerns about the lack of alternatives in the proposal, the broad discretion left to CalHFA in program design, and the General Fund cost. Senators pressed for more detail on eligibility, equity safeguards, lender oversight, and how many homeowners would actually benefit, with some warning the proposal was too open-ended and could miss the most vulnerable households. Item 3 addressed trailer bill language for HAP Round 7, including a proposed $500 million General Fund allocation tied to new accountability measures, pro-housing designation requirements for 14 large cities and 11 counties, local match requirements, streamlined system performance metrics, and recapture/reallocation of unspent funds. HCD said the proposal would avoid a new application process by treating Round 7 as additional disbursements of Round 6 and would provide technical assistance to jurisdictions. The LAO and several senators questioned the timing, the burden of pro-housing designation and local match requirements, the vagueness of some standards, and whether the proposal would delay rather than speed up funding. Members also debated whether the trailer bill preserved or weakened existing homelessness accountability metrics and whether the approach was too complicated given local budget pressures and ongoing homelessness needs.

Transcript Highlights:

• With the provider rate increases, we're going to pay you more money at a higher rate to attract you,
• Have we done anything on that federal reserve rate? Royalty rate? Yes, Mr. Chair.
• Lower royalty rate, and in the feds reducing that royalty rate, we can think of that as more foregone
• We're driving the cost because we're going to have to supplement people's utility rates because rates
• Salek, of reducing the error rate.

Transcript Highlights:

• took advantage of the interest rate took advantage of the interest rate environment<00:39:20.400
• interest rates, but in this job, like I set my clock to the Federal Reserve setting interest rates.
• interest rates, but in this job, like I set my clock to the Federal Reserve setting interest rates.
• This job, like I set my clock to the Federal Reserve setting interest rates. Are they going up?
• <01:22:35.120> of what I'm trying to get to the rate of what I'm trying to get to the rate

Bills: SF2434

Keywords: housing, development fund, affordable housing, Minnesota Housing Finance Agency, expenditure provisions

Transcript Highlights:

• Set the gun down. round out of the gun. Set the gun down.
• increasing rates.
• uh these Medicaid rates that we have. uh these Medicaid rates that we have.
• in the home care setting.
• And so the rates of spending.

Keywords: 928, house, all

Summary: The Division 3 work session focused largely on amendment 1176 to HB 2, which would have incorporated the substance of HB 548FN, a House-passed bill creating a direct-pay or membership-based model for health care facilities. Representative Mlan described the proposal as a way to increase competition in health care by extending the direct-care model used in primary care to facilities, arguing it could encourage innovation and that concerns about widespread harm to critical access hospitals were overstated. He pointed to Oklahoma’s long-standing Surgical Center model as evidence that the approach had not spread broadly or displaced hospitals there. Several members and witnesses raised concerns. Representative Stringham questioned whether the model would shift profitable services and patients away from existing hospitals, potentially worsening their finances and affecting Medicaid-related funding. David Ross, speaking for county nursing homes, opposed the language because it also removed moratoriums on nursing home, skilled nursing, inpatient rehabilitation, and self-pay beds, warning that it could increase pressure on Medicaid rates and undermine community-based care. Ben Bradley of the New Hampshire Hospital Association said the proposal appeared to create a separate regulatory framework for direct-pay facilities and raised concerns about patient safety, CMS participation rules, and a separate patient bill of rights. The chair concluded that, because HB 548 was already moving through the Senate, the HB 2 process was not the best vehicle for the policy and that the issue should be left to the Senate’s more deliberative committee process. Representative Ferski moved to not accept or remove amendment 1176 from the agenda, and the committee approved the motion by roll call, 9-0, withdrawing the item from HB 2.

Transcript Highlights:

• There are problem sets and performance tests.
• This exposure sets many of them on a new career path.
• Nineteen percent is our non-resident rate.
• Our bar passage rate this last cycle was 73.
• In 2023, the overall pass rate was the overall bar passage rate was 75, but UNM's was 77.

Bills: SB1, SB3

Keywords: interstate medical licensure compact, physician licensure, medical license reciprocity, expedited licensure, medical practice act, New Mexico medical board, compact commission, physician mobility, telemedicine, license portability, background check, disciplinary action, joint investigation, reproductive health care, gender-affirming care, scope of practice, medical board transparency, multistate compact, licensure renewal, health care workforce

Transcript Highlights:

• Assuming a conservative rate of return of 3%.
• It's only available at the 5% rate.
• into older age cohorts with lower labor force participation rates. force participation rate, plus the
• Cohorts with lower labor force participation rates.
• Overall, this suggests a trend rate of 1.73% per year.

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.

Transcript Highlights:

• THAT'S AN 85 PERCENT FAILURE RATE.
• THIS IS SETTING THE STANDARDS FOR WHAT THE EXIT EXAM EXACTLY IS.
• I HAVE A PASSAGE RATE 33 PERCENT. PART OF THE YEARS AGO.
• ABOUT THE MEDICAL SCHOOL PASSAGE RATE, NO.
• I'M CONCERNED THIS IS THE ONLY THE PAST RATES ON THE WEBSITE.

Keywords: 999, senate, all