Transcript Highlights:

• And we request four additional FTEs to meet that demand.
• that demand. that demand.
• <00:54:44.680> of<00:54:44.760> the the direct responsibility of the the direct responsibility
• response that you wanted to add to that? response that you wanted to add to that?
• responsibilities in each caucus. responsibilities in each caucus.

Bills: HF2783, HF2603, HF2846, HF2354, HF1836, HF2713, HF1198, HF1389

Keywords: state government finance, biennial budget, appropriations, Minnesota Management and Budget, Healthy Aging Subcabinet, Office of Healthy Aging, older adults, aging policy, long-term care, caregivers, public health, Medicaid fraud, medical assistance fraud, attorney general subpoena power, fraud enforcement, business filing fraud, Secretary of State, deceptive mailings, consumer protection, certified public accountant

Transcript Highlights:

• Again, global economic demand is tamped down a little bit versus the estimate, which decreases the demand
• Some key drivers of the revenue increase: recent decisions created pent-up demand for leases through
• But if you exclude AI stocks, about a handful, less than five stocks in the S&P 500 are responsible for
• Softening or an uncertain global demand due to tariffs and trade wars. Is that accurate? Mr.
• I think I really want to emphasize for us as members, we have a lot of response.

Keywords: 996, all

Transcript Highlights:

• In response to those concerns, the Legislature enacted additional reporting requirements to ensure public
• The public is right to demand results and accountability in homelessness and the funding allocated to
• to demand those results.
• Chairman, And the administration is right to demand those results. Finally, Mr.
• But we are continuing to innovate and demand more. Around five years, right?

Summary: The Assembly Budget Subcommittee on Accountability and Oversight held a hearing on California’s homelessness funding, focusing on the Homeless Housing Assistance and Prevention (HAP) Grant and the Encampment Resolution Grant Program. HCD described new accountability requirements, including regional action plans, stronger reporting and expenditure conditions, housing-element compliance, encampment response plans, and public dashboards that track fiscal spending, service outcomes, and encampment resolution status. Officials said the goal is to use the data to identify underperforming grantees, provide technical assistance, and, if needed, withhold or reallocate funds. Local officials from San Diego, Fresno, and Santa Cruz said the programs have helped expand shelter, outreach, and permanent housing, and that state dollars have leveraged local and federal resources. Mayor Todd Gloria said San Diego has used HAP to expand shelter and safe sleeping options, reduce downtown encampments, and increase housing production, but argued the state’s new accountability website is too high-level and does not fully reflect countywide conditions, behavioral health outcomes, or the role of continuum-of-care partners. Fresno officials said HAP and other state funds helped the city add shelter beds and reduce homelessness, while Santa Cruz emphasized that state funding helped build local coordination and draw in federal vouchers. Members pressed the panel on whether HAP is actually reducing homelessness, what the best success metrics should be, and whether the state is getting full, usable data from grantees and subcontractors. Several members asked for more granular jurisdiction-level reporting, better tracking of nonprofit spending, and clearer measures beyond point-in-time counts and “people served.” HCD said it is still improving HMIS participation and data quality, but can already show outcomes such as exits to permanent housing and returns to homelessness. The hearing ended with broad agreement that transparency is important, but disagreement remained over the best measures of success and how much emphasis should be placed on housing, prevention, shelter, and treatment.

Transcript Highlights:

• We're giving them additional responsibilities to do this, and it will be responsible for the grant management
• those responsibilities?
• count, hurricane relief programs that I was responsible for.
• And thank you for the response.
• So that is a responsibility. Your chairman's previous comments.

Summary: The committee first took up a confirmation for UCF trustee reappointment candidate Mr. Christie, who described his long service on the board, his UCF business-school background, and his focus on strengthening UCF’s financial foundation, workforce alignment, and engineering and technology programs. Members praised his service and asked about UCF’s future direction, including its role in Florida’s space and engineering sectors. He was allowed to leave early for a meeting with the governor. The committee then heard the Higher Education Appropriations budget presentation for fiscal year 2025-26. The chair outlined a proposed $11.5 billion higher education budget emphasizing workforce education, Florida College System operations, career and technical education, the GATE program, nursing education through the Florida Center for Nursing, UF/IFAS agriculture technology, tutoring, autism and neurodevelopment services, student financial aid, and $250 million for state universities through the Board of Governors. Senator Davis asked about line grant flexibility, and the chair said a conforming bill would address details. The committee adopted a motion allowing technical corrections and then adopted the budget proposal as a recommendation to the full Appropriations Committee. The remainder of the meeting focused on confirmations for university boards, especially the University of West Florida, where several nominees were questioned about Title IX compliance, free speech, workforce readiness, military/veteran ties, and prior statements about privatization and higher education. Rebecca Matthews, Rachel Moyah, Ashley Ross, and Adam Kessel each described their backgrounds and goals for UWF; Kessel faced extensive questioning about his past writings on privatization, the GI Bill, and speech suppression, and said he would not recommend privatizing Florida universities and supported veterans’ education benefits. Public testimony on UWF was largely opposed, with speakers arguing the nominees lacked local ties and warning the slate would harm the university and community. The committee also heard from FAMU reappointment nominee Judge Belvin Perry, who emphasized student success, workforce quality, and FAMU’s continued rise, and from UCF nominee Mark Philburn and FSU nominee Peter Jones, both of whom highlighted their professional experience and commitment to student success and prudent stewardship. The meeting extended its time to 6:30 p.m. to continue hearing nominees and public testimony.

Transcript Highlights:

• But what we should demand... ...to study this problem and tell us what the commission needs.
• But what we should demand... Oregonians want to stand up in this space.
• And so I think it's so important and relevant that this body really takes serious our responsibility
• The crisis demands strong...
• The crisis demands strong focus and leadership from the statehouse to the schoolhouse.

Keywords: 907, all

Transcript Highlights:

• Thank you very much for that response.
• I find this incredibly concerning, so I appreciate the response that you gave.
• Let's support other initiatives that will lower peak demand, like demand response, flexible interconnection
• Also, I would love to open the door to innovation that can come with microgrids, demand response, and
• So, the laws of supply and demand sort of work, but not always.

Transcript Highlights:

• Say instant response.
• If things get worse, it's autopsy, incident response. The same analogy applies.
• So today, we need 35 times more power than what we're producing to meet the demands of AI.
• Will the demand be there for the next 10 years? A power plant has a 40-year shelf life.
• However, the thesis is that we'll continue to use more applications for AI, and that demand will catch

Transcript Highlights:

• If we invest in those earlier interventions, you will see reduced demand.
• demand demand absolutely<00:37:23.280> Senator<00:37:23.760> a<00:37:24.520> yeah
• I got to come down here when you guys ask me, so I will be here upon demand."
• I got to come down here when you guys ask me, so I will be here upon demand.
• <01:10:57.520> they're alternative to a police response they're alternative to a police response

Keywords: 1187, senate, all

Transcript Highlights:

• And they will share what those responses tell us about why flexibility matters. Judge Onan.
• And they will share what those responses tell us about why flexibility matters. Judge Onan.
• And they will share what those responses tell us about why flexibility matters. Judge Onan. Yes.
• Public service is demanding whether you are a coroner responding to a call in the middle of the night
• And they will share what those responses tell us about why flexibility matters. Judge Onan. Yes.

Keywords: 958, all

Transcript Highlights:

• produce vast amounts of artillery shells, precision munitions, and other modern weapons in a rapid response
• military industrial capacity, as well as interagency coordination to leverage a whole-of-government response
• The use of purchase commitments under Title III would be a great way to enable strong demand signal for
• However, if we don't bring demand back to those more secure sources, they will not survive. have the
• For instance, say we have a very complex situation, and therefore, we can't have a specific response.

Transcript Highlights:

• Not ask for more, but demand more.
• It is a great responsibility.
• <04:16:20.479> um they came to was responsible um they came to was responsible um responsible
• responsible for the people of Colorado. responsible for the people of Colorado.
• But it is responsible.

Keywords: 981, all

Summary: The House convened, established a quorum, and approved the journal from April 10, 2026. After a brief opening that included the Pledge of Allegiance and roll call, the chamber moved into third reading. The first item was House Bill 1348, concerning use of money from the broadband infrastructure cash fund, which passed on final passage. The House then took up a series of bills dealing largely with education funding and program changes, including House Bills 1349 through 1358, covering prevention services in early childhood, school food programs, Healthy School Meals for All funding, Colorado reading and social studies assessment changes, repeal or phase-out of several teacher and school-related programs, and the Colorado Academic Accelerator Grant Program. Most of these measures were adopted, with some receiving notable no votes but still passing. The chamber also considered House Bill 1359, which would credit money from removal of natural resources on public school lands to the state public school fund, and House Bill 1360, concerning the affordable housing financing fund. HB 1360 drew extended debate. Supporters argued it was consistent with Prop. 123 and TABOR-related funding rules, while opponents said it would divert money from the general fund, exceed what voters authorized, and create a precedent for using reserve-like funds to cover budget shortfalls. Despite the opposition, HB 1360 passed after a member changed a vote from yes to no. The House then adopted House Bills 1361 and 1362, repealing the pay for success contracts program and the Decarbonization Tax Credits Administration Cash Fund, respectively. The final major item was House Bill 1363, which temporarily reduces the general fund reserve. This bill prompted the strongest opposition, with members arguing that the state was using a rainy day fund to cover self-inflicted budget problems, relying on future money, and failing to address underlying spending growth. Supporters of the bill said the reserve reduction was necessary to balance the budget and reflected difficult choices by the Joint Budget Committee. The bill nonetheless passed, and the House completed action on the listed third-reading calendar items.

Transcript Highlights:

• California must demand better.
• a response.
• I support responsible economic development and encourage I support responsible economic development,
• Right now, the demand is growing.
• Thank you, Assembly Member Ward, for that response.

Keywords: 988, house, all

Summary: The Assembly convened, first dealing with quorum and routine procedural matters before moving through a series of third-reading bills, many focused on immigration enforcement, worker protections, child care, and school or voting-site safety. Early measures included AB 2393, AB 1994, AB 1929, AB 1633, AB 1650, AB 1655, AB 1851, AB 1896, and AB 2230, with authors and supporters arguing these bills would provide accountability, protect immigrant communities, preserve access to benefits and services, and limit intimidation by immigration enforcement. Opponents repeatedly argued the bills were anti-law-enforcement, unconstitutional, or based on exaggerated or nonexistent threats. Several bills passed by recorded vote, including AB 2393 (41-15), AB 1994 (58-0), AB 1929 (41-17), AB 1650 (44-19), AB 1655 (50-14), AB 1851 (56-0), AB 1896 (41-19), and AB 2230 (42-15). AB 1633, a 54-vote bill imposing a tax on for-profit detention facilities, was debated at length but the roll was not completed in the excerpt and the item was moved on from temporarily. After a caucus break, the House returned and took up additional bills. AB 2379 would require child care providers to be informed of constitutional protections and receive multilingual training regarding immigration enforcement; it passed 59-10 on both the urgency and the measure. AB 2460 would direct the education department to update referral protocols so schools can better respond to students affected by immigration enforcement trauma and family deportation; it passed 52-8. AB 2495 would expand prohibitions on unfair immigration-related practices by employers, making immigration-related threats unlawful in workplace disputes; it passed 50-15. Throughout the day, debate was highly partisan and often heated, with repeated exchanges over whether the bills addressed real harms or were political messaging, but the Assembly ultimately advanced the measures that came to a vote.

Transcript Highlights:

• And many are response to AI use.
• instructional responsibilities absorbing instructional responsibilities well<00:10:22.640> outside
• And then there's the issue of fiscal responsibility, which is ultimately our responsibility to taxpayers
• And then there's the issue of fiscal responsibility, which is ultimately our responsibility to taxpayers
• >> Miss Leiden, you have a response. >> Miss Leiden, you have a response.

Keywords: 1187, senate, all

Transcript Highlights:

• Our problem is demand.
• Our problem is demand.
• Our problem is demand.
• Our problem is demand.
• Our problem is demand.

Keywords: 910, house, all

Summary: The House Committee on Housing held a public hearing on a series of housing bills. HB 1432 and HB 1428 drew support from HHFDC, and HB 1428 also received testimony from Hawaiian Community Assets, which said housing counseling funding is needed to meet demand for financial education tied to affordable housing, and that such counseling can help reduce evictions, prevent foreclosure, and stabilize households. HB 833 on community land trusts received broad support from HHFDC, county housing officials, community land trust representatives, and a local developer; testimony emphasized keeping housing affordable in perpetuity, but also asked for clearer access to financing, longer repayment terms, and inclusion of additional land trusts in the bill. Peter Savio argued that community land trusts are the best way to control demand and keep housing tied to local incomes. The committee also heard HB 19 on the Dwelling Unit Revolving Fund, which HHFDC said should be made permanent because the pilot has been successful, with 81 units in the program and $7.4 million of the $10 million allocation already committed. HHFDC said the fund helps stalled for-sale projects by providing state equity that revolved back when homes are sold. HB 529 and HB 432 were also heard; HB 432 would create a subaccount in the rental housing revolving fund for projects above 60% AMI, and HHFDC said this would help finance housing for households at 65% and 80% AMI. The bill drew support from several housing, business, and industry groups. Several other housing measures were discussed with mixed testimony. HB 419 had HHFDC support, Limby Hawaiʻi opposition, and support from the Grassroot Institute and others; members asked about whether councils approve these projects in one or multiple readings. HB 527 and HB 416 also drew a mix of support and opposition, with questions focused on county approval timelines and whether state-financed projects would still go through normal local review. HB 417 on the rental housing revolving fund prompted questions about how it differs from the Dwelling Unit Revolving Fund and whether it should be more flexible for mixed rental and for-sale projects. HB 418’s proposed working group was noted as potentially unnecessary because HHFDC said a public working group was already being formed. HB 1411 on housing preference raised questions about what happens if a recipient changes jobs, and HB 374 drew an Attorney General’s Office recommendation to remove a duration requirement to avoid possible constitutional travel issues. HB 373 and HB 1492 were also heard, with strong testimony from Peter Savio in favor of a broader trust-based model for affordable housing. No votes or final actions were taken during the hearing.

Transcript Highlights:

• And our pension funds are guided by laws about their fiduciary responsibilities.
• No, no, no response necessary. Okay, thank you. We have three more speakers, so thank you, Mr.
• We believe that the city uses GPLET very responsibly.
• Insurance demand to settle a bodily injury claim.
• A response acknowledgement? Mr. Chairman, Mr. Hoffman, good question.

Bills: SB1090, SB1293, SB1414, SB1429, SB1503, SB1536, SB1633, SB1724, SB1764

Keywords: savings and loan, technical correction, Arizona Revised Statutes, financial institutions, prohibitions, GPLET, abatement, tax incentives, local government, property improvement, central business district, insurance, settlement demands, time limits, third-party claims, regulatory compliance, initiative, referendum, ballot measures, petition circulators

Summary: The committee first approved the February 2, 2026 minutes and held Senate Bill 1090. It then heard Senate Bill 1503, which would require pension fiduciaries and proxy advisory firms to act solely in the economic interest of plan participants and beneficiaries, prohibit ESG- or ideology-based voting, require disclosures and economic analyses in certain cases, and authorize attorney general enforcement. The sponsor said the bill was meant to protect investors and align with federal action. Testimony was mixed: a policy witness supported the bill, while representatives of ASRS and PSPRS said they were neutral but raised concerns about added costs, operational burdens, reporting requirements, possible conflicts with existing fiduciary duties, and increased litigation risk. After debate, the committee voted 4-3 to give SB 1503 a do-pass recommendation. The committee then considered Senate Bill 1293, which would prohibit GPLET school-district revenues from being abated during the eight-year abatement period. Supporters argued the bill would protect school funding and reduce state aid backfill costs, and a Goldwater Institute witness said it would also reduce gift-clause concerns by limiting subsidies that shift costs to other taxpayers. City and economic development representatives from Phoenix, Mesa, and the Greater Phoenix Economic Council opposed the bill, saying GPLET is an important redevelopment tool that helps finance projects in urban cores and that the change would reduce its effectiveness and slow revitalization. The committee adopted an amendment and then passed SB 1293 on a 4-3 vote. Next, the committee heard Senate Bill 1414, which gives insurers 30 days to review and respond to third-party settlement demands in bodily injury claims. Insurance representatives supported the bill as a commercially reasonable timeframe, while the Arizona Trial Lawyers Association opposed it, arguing that 30 days would become a minimum and could delay settlements for injured claimants; members discussed a possible 15-day compromise. The committee passed SB 1414 by a 5-2 vote. It also passed Senate Bill 1633, which creates an income tax subtraction for capital gains from the sale of a primary residence after a five-year residency; opponents warned it would mainly benefit wealthy homeowners and cost the state tens of millions annually, while the sponsor said it could help housing turnover. Finally, the committee passed SB 1429, as amended, allowing Senate and House leaders to designate board members for the Arizona Commerce Authority, SB 1536, which lets municipalities consolidate multiple street-light improvement districts, and heard SB 1724, which clarifies when property splits or consolidations trigger a limited property value recalculation to prevent tax-base manipulation.

Transcript Highlights:

• As the demand for Texas grapes goes up, I think you would see an increased number of...
• But typically, that occurs when demand grows, which is what this bill is seeking to do—to grow that demand
• If we can encourage increased demand, then we could potentially see future growth.
• Anything that happens here, everybody at this location is responsible.
• No, it was a good question and a good response.

Bills: HB223

Keywords: municipal budget, county budget, local government finance, spending cap, expenditure limit, inflation plus population growth, taxpayer impact statement, budget transparency, property tax, fees, Legislative Budget Board, voter approval, disaster spending, fiscal restraint, Texas Local Government Code, city budget, county expenditures, 1185, senate, all

Transcript Highlights:

• In 2014, the Legislature shifted responsibility for all capital funding from the state to the CSU.
• The demand within the CSU Capital Program is significant.
• Thank you all for all your responses, is on the FCI, Facilities Conditions Index, and using that as a
• Our campus basic needs pantries are always in high demand.
• Our campus basic needs pantries are always in high demand.

Summary: The committee’s first major discussion focused on higher education facilities across UC, CSU, and the community colleges, with Chair Alvarez framing the issue as a final budget hearing before the May Revise. The LAO presented findings that campuses have grown substantially in buildings and square footage, while classroom and lab utilization remains below legislative standards and deferred maintenance backlogs continue to rise. The LAO also emphasized that the state and segments lack comprehensive data on capital renewal spending and recommended better reporting, clearer funding targets, and long-term planning for renewal and maintenance. UC, CSU, and community college representatives each described large five-year capital plans, aging facilities, seismic and deferred maintenance needs, and the role of student housing, while noting that construction costs are rising faster than inflation. Members questioned the segments about debt service, utilization rates, and how projects are prioritized. UC said its debt service tied to state support is about $665 million annually and described a $30 billion five-year capital financial plan, including housing, medical centers, and building renewal. CSU said it has about $31 billion in five-year needs and more than $8 billion in deferred maintenance, with funding coming from a mix of state-related and one-time sources since the state shifted capital responsibility to CSU. Community colleges said their unmet facilities needs total about $33.5 billion and explained their use of a scoring matrix and FUSION system to rank projects. The chair and members pressed all three systems to better distinguish between projects that are truly shovel-ready and those that are long-term needs, and discussed whether facilities condition data, total cost of ownership, and more standardized metrics should guide future bond proposals. The committee then turned to Proposition 2 and the Governor’s proposed community college capital outlay projects. The Department of Finance said Prop. 2 provides $1.5 billion for community colleges and that the Governor’s budget proposes 29 projects, with two continuing Prop. 51 projects also included. The LAO supported the overall use of the funds but raised concerns about the current 65/35 split between modernization and growth, the unusually large share of gymnasium projects, and some scoring metrics that favor larger campuses and certain regions. Community college officials said the scoring system was developed through participatory governance and would take one to two years to revise, but they supported the funding and agreed to follow up on questions about project categories and the rationale for the weighting. Members also suggested giving more weight to modernization, regional access, and intersegmental or collaborative projects. A final item addressed the CalKids program. The Department of Finance proposed $56,000 ongoing General Fund for three positions, while the LAO recommended approving two positions but rejecting a manager position until the current $7.5 million marketing campaign is evaluated. ScholarShare’s executive director said CalKids has enrolled more than 5 million children, with nearly 600,000 claims and over $45 million distributed, and argued that additional staff and outreach are needed to reach a goal of 1 million claimed scholarships by the end of 2025 and to implement AB 2808. Members asked about marketing effectiveness, data sharing, and eligibility rules, and the program said it is expanding partnerships with Cradle to Career and CSAC. No final vote was taken in the hearing, and the chair indicated the facilities item would be held open.

Transcript Highlights:

• There were real concerns and demand for our help in addressing the financial plight that agriculture
• You have an important responsibility to ensure exemplary stewardship of taxpayer money.
• > ensure<00:37:00.400> an responsibility and to ensure an responsibility and to ensure an
• supply side, it's really on the demand supply side, it's really on the demand side<00:58:24.079>
• <01:10:40.159> for programs, there's a steady demand for programs, there's a steady demand

Keywords: Appropriations - Room 216, 20 January, 2026; 2:30 PM, 925, all

Summary: Mississippi State University officials testified in support of the university’s separately funded agricultural, forestry, and veterinary units, emphasizing their economic impact, research output, and need for continued state support. Keith Cobalt, vice president for the Division of Agriculture, Forestry and Veterinary Medicine, said the division generates a $1.7 billion impact on Mississippi, but warned that state and local funding has not kept pace with federal dollars or inflation. He argued that global competition, especially from China and Brazil, is hurting row crop and forestry producers, and highlighted a Vision 2030 study finding about $10 billion in agricultural and forestry value leaves the state through value-added processing. He also raised concerns about rural depopulation and proposed rural innovation hubs to help retain population and jobs. Nick Frank, dean of the College of Veterinary Medicine, said state appropriations make up about 25% of the college’s operating budget and are needed to support salaries, staffing, and service capacity. He described the college’s education, diagnostic, and clinical missions, including disease surveillance and responses to threats such as avian influenza, screwworm, and equine herpes virus. Frank said the college is expanding facilities with $18 million in 2024 state funding for a new farm animal hospital and cattle handling facility, but still needs additional support for equine and small animal renovations. He also requested support for rural veterinary scholarships and said inflation and salary competition from other schools and private practice are making retention difficult. In response to committee questions, Frank said the college enrolls about 118 to 119 students per class, with roughly 54 to 55 in-state students and tuition of about $29,900 for in-state and $53,000 for out-of-state students. He clarified that the “vet assistants” program is a four-year bachelor’s degree in veterinary medical technology, not a certificate. He also explained that staffing growth has largely been in the hospitals to address clinical shortages and improve care. Dr. Westberger, dean of the College of Forest Resources and director of the Forest and Wildlife Research Center, said Mississippi’s forests support a $19 billion economic impact, 84,000 jobs, and a $4.5 billion payroll, while also providing environmental benefits. He said the college and research center are nationally recognized, including an NSF ranking placing Mississippi State 10th in natural resource conservation research expenditures for a small university. Westberger highlighted research on forest management, pest detection, mass timber, wildlife disease surveillance, and value-added bioproducts, including efforts to attract mills and manufacturing. He said Mississippi has added 10 mills or mill expansions in five years with more than $1.5 billion in investment and over 1,000 high-paying jobs, and noted the college is planning a new mass-timber annex to address capacity and showcase the material. No votes or formal committee actions were taken in the portion provided.

Transcript Highlights:

• for it, and our response to that is to end the program?
• For it, and our response to that is to end the program?
• The response I have kind of an overarching question to begin.
• So the state now has additional responsibility.
• So the state now has additional responsibility.

Keywords: 988, house, all

Summary: The committee heard a series of May Revision budget items, beginning with the State Controller’s Office. SCO described requests for Fiscal Book of Record stabilization, payroll system implementation, ACFR reporting support, and unclaimed property outreach funding. Members focused on the Fiscal system’s July go-live, the improved timeliness of the ACFR, and the unclaimed property program’s roughly $15 billion balance and outreach efforts. The Department of Finance and LAO raised no major concerns, and the item was closed after discussion of how the new outreach funding would be used. The committee then considered several revenue proposals. Finance presented a proposal to tax pre-written digital software and SaaS, with estimated General Fund gains of $450 million in 2026-27 and $900 million ongoing; LAO suggested broader digital tax changes and a business-use exemption, while industry groups opposed the measure as a tax on essential digital tools. CDTFA also presented an administrative request tied to the software tax, and later a $10 million budget reduction reflecting lower operational needs. The committee then heard a federal conformity proposal for new children’s tax-deferred accounts, which LAO supported, and a proposal to cut the first-year LLC/LP minimum tax from $800 to $400, which Finance said would aid small business formation but LAO argued was poorly targeted and would reduce revenue. Another major item was a permanent business tax credit limitation beginning in 2027, capping credits at the greater of $5 million per corporation or 50% of pre-credit liability. Finance said it would raise about $850 million in 2026-27 and more in later years, while LAO noted it would mainly affect large firms using the R&D credit and could also touch California Competes and other programs. Public testimony split sharply between business groups opposing the cap and advocates supporting it as a progressive revenue measure. The committee also heard FTB’s CalFile realignment proposal, which would retain a smaller staff to continue improving the free filing system and return most of the prior funding to the General Fund. The hearing concluded with the California Arts Council’s request to reauthorize the Keep Arts in Schools voluntary contribution fund, which brings in about $221,000 to $266,000 annually for arts grants and teacher stipends. Members and advocates supported the item but also urged larger arts funding, including the Performing Arts Equitable Payroll Fund. The Governor’s Office of Business and Economic Development then presented proposals for the California Civic Media Program, CA RISE reappropriation, and a reversion of unused Chips for America facility funds; LAO supported the latter two but was cautious about new civic media spending. Members raised concerns about the civic media program’s scope, including the exclusion of broadcast and the lack of a specific ethnic media set-aside, while GoBiz said funds would begin going out in the fall if approved.

Transcript Highlights:

• And it's burnout and it's a demand.
• And it's burnout and it's a demand.
• And it's burnout and it's a demand.
• And it's burnout and it's a demand.
• And it's burnout and it's a demand.

Keywords: 912, senate, all