Video & Transcript Research : 'Inflation'

Page 5 of 183
MN
Transcript Highlights:
  • discretionary inflation in the totals<00:03:37.360> discretionary<00:03:38.000> inflation
  • c><00:03:38.439> consists totals discretionary inflation consists totals discretionary inflation
  • <00:04:08.959> to the cost of discretionary inflation to the cost of discretionary inflation
  • <00:06:09.400> from slide but if we remove inflation from slide but if we remove inflation
  • revisions in the forecasts for inflation revisions in the forecasts for inflation in<00:07:57.159
Keywords: 919, house, all
Summary: Minnesota Management and Budget presented the February 2025 budget and economic forecast, with Commissioner Aon Campbell, State Economist Anthony Becker, and Budget Director Anam Mingi outlining updated revenue, spending, and long-term balance projections. The state’s FY 2026-27 general fund outlook remains positive but weaker than in November, with an ending balance of $456 million, down $160 million from the prior forecast. Looking ahead, the planning years FY 2028-29 show a projected deficit of just under $6 billion, driven largely by spending growth outpacing revenues. Officials emphasized that discretionary inflation is a major factor in the forecast, but also noted that those amounts are not automatically appropriated and would require legislative action. Becker said the national outlook has changed since November, with higher expected inflation, higher interest rates for longer, and slower growth in later years. He highlighted uncertainty around tariffs, trade policy, immigration policy, federal spending, and possible changes to tax and debt-ceiling policy, all of which could affect Minnesota’s economy and revenues. Minnesota’s labor market remains tight, with low unemployment and rising wages, and the revenue forecast was revised upward overall for FY 2026-27, including higher income and sales tax receipts, though corporate tax revenue was slightly lower than previously projected. Mingi said projected general fund spending is up $79 million in FY 2026-27 and $960 million in FY 2028-29 compared with November. The largest increases are in education and health and human services, especially due to inflation, higher pupil counts, special education costs, long-term care, and higher Medical Assistance spending. She noted that higher utilization of weight-loss drugs also raises Medicaid costs, and that a smaller assumed bonding bill helps offset some debt service costs. The commissioner and staff repeatedly warned that federal policy changes, especially possible Medicaid reductions, pose a major risk; they said Minnesota could face billions in lost federal funding, including a potential $2.4 billion hit if the enhanced Medicaid match for adults without children were eliminated. No votes or legislative actions were taken in the presentation.
NH

New Hampshire 2025 Regular Session

House Ways and Means (01/14/2025)

Transcript Highlights:
  • How do we bring inflation down that low, and what is the outlook on inflation going forward?
  • inflation rate, which is 2%.
  • inflation rate of used cars.
  • inflation rate of used cars.
  • inflation rate of used cars.
Keywords: 928, house, all
Summary: The meeting was a Ways and Means briefing opened by the vice chair, who introduced Jason Wong of the Federal Home Loan Bank of Boston to discuss the national and regional economy. Wong focused on inflation, asking why it had fallen from about 9% in 2022 to the 2%–3% range, and what that meant for monetary policy and the risk of an economic downturn. He said the Fed’s target is 2%, noted that recent PCE inflation was about 2.4% and core PCE about 2.7%, and described the ongoing debate over whether interest rates should stay tight or be lowered further to protect the labor market. Wong explained that the improvement in inflation has been driven largely by goods prices, especially durable goods such as cars, appliances, and furniture, as well as non-durable goods like food. He said supply-chain disruptions during the pandemic caused major price spikes in 2022, but those pressures have eased and many goods prices are now at or below the Fed’s target. He also referenced the New York Fed’s Global Supply Chain Pressure Index, saying it showed extreme pandemic-era disruptions that have since receded. The main remaining inflation problem, he said, is in services, especially housing. Wong broke services into rent of shelter and all other services, explaining that shelter is a large share of household budgets and that housing inflation has a lag because rent measures often reflect older lease terms rather than current market rents. He said monthly Zillow data suggest market rents have cooled and may eventually feed through to official inflation measures. Members asked several questions about the chart’s time scale, the treatment of real estate, property taxes, and utilities, and Wong clarified that housing costs are counted in services and that the slides would be shared digitally. No votes or formal actions were taken.
HI

Hawaii 2026 Regular Session

CPC Public Hearing - Thu Apr 9, 2026 @ 2:00 PM HST

Consumer Protection & Commerce

Transcript Highlights:
  • inflation.
  • > environment,<01:23:56.880> inflation a zero inflation environment, inflation a zero inflation
  • So, um, it's not that inflation is not real. Inflation is real. We understand that.
  • So, right now, unless inflation<01:29:58.560> raises inflation raises inflation raises Unless<
  • where the inflation is. where the inflation is.
Summary: The committee on Consumer Protection and Commerce met on April 9, 2026, and heard testimony on several measures. SB 3302 SD1 HD1, dealing with homemade food products, would require the Department of Health to adopt rules for farm kitchens producing homemade food products that are no more stringent than rules for home kitchens. The Department of Health said it supported the bill with technical amendments, and the Hawaii Food Industry Association and Grassroot Institute of Hawaii also supported it. No opposition was heard. A lengthy discussion focused on SB 2061 SD2 HD1, which concerns a 99-year leasehold residential condominium project and HCDA’s rules for sales, income restrictions, and buyback pricing. HCDA supported the bill and said the House draft clarified unclear provisions and would help move the project to pre-sales. Testimony and committee questions centered on whether the project should remain owner-occupied in perpetuity or allow investor purchases after an initial sales period. HCDA explained that the bill was revised to make the project feasible in the market, that 60% of units would be income-restricted for buyers at or below 140% of area median income, and that the remaining units could be sold without owner-occupancy restrictions. Some members and testifiers expressed concern that the bill had shifted away from the original owner-occupancy vision and could become an investment property model, while others argued the changes were necessary for the project to pencil out and compete with fee-simple developments. No vote was taken during the discussion shown. The committee also heard SB 2050 SD1 HD1, which would allow chiropractic students in accredited programs to engage in clinical practice beginning July 1, 2028. The Hawaii Board of Chiropractic and the Hawaii State Chiropractic Association supported the measure, and one testifier described personal experience with student chiropractic care in California. Members questioned why the board requested delaying implementation until 2030, and the board said it needed more time to develop rules because it meets only a few times a year and rulemaking is lengthy. Finally, SB 2102 SD2 HD1, on industrial hemp in commercial feed, was introduced; the Department of Agriculture and Biosecurity offered comments, the Department of Health raised concerns about regulating pet food and possible jurisdictional conflict, and a farmer testifying in support suggested narrowing the bill to federally approved livestock feed rather than pet food.
US
Transcript Highlights:
  • PCE inflation prices.
  • Prices under Biden's inflation were up 20%.
  • as we've been trying to manage inflation.
  • Than all Americans, a tax known as inflation.
  • It's just another reminder of how much people hate inflation and how bad high inflation is for people
Bills: SB257
MN

Minnesota 2025-2026 Regular Session

Committee on Finance - 03/11/25

Finance

Transcript Highlights:
  • <00:04:08.799> in not include discretionary inflation in not include discretionary inflation
  • the totals discretionary inflation the totals discretionary inflation consists<00:04:11.959> of
  • of the cost of discretionary inflation of the cost of discretionary inflation to<00:04:43.039>
  • also respond to lenders inflation also respond to lenders inflation expectations<00:14:41.120>
  • <00:15:57.319> in<00:15:57.519> 2025 inflation in 2025 inflation in 2025 the<00:15:59.399
Keywords: 1187, senate, all
MN

Minnesota 2025-2026 Regular Session

February State Budget and Economic Forecast - 03/06/25

Minnesota Senate Floor Meeting

Transcript Highlights:
  • <00:02:28.680> while because of the impact of inflation while because of the impact of inflation
  • in the totals discretionary inflation in the totals discretionary<00:03:40.159> inflation<00:
  • revisions in the forecasts for inflation revisions in the forecasts for inflation in<00:07:57.639
  • funds rate and higher inflation funds rate and higher inflation expectations<00:14:09.199> SP
  • <01:24:21.480> adding<01:24:21.920> inflation keep up with inflation adding inflation
Keywords: 1187, senate, all
AZ
Transcript Highlights:
  • On the inflation front, Inflation is down from the mid-2020 peak.
  • But inflation has been sticky.
  • , increases the volatility of inflation, and therefore the costs of inflation on the overall economy.
  • Sticky inflation is better than runaway inflation, but that's kind of where we're at: everyone's kind
  • The wage inflation affects overall inflation.
Keywords: 1182, all
Summary: At the April meeting of the Finance Advisory Committee, staff presented an updated state revenue forecast that was more cautious than January’s because of heightened economic uncertainty tied to the Iran conflict and broader national risks. The general fund’s available resources were revised down from $577 million in January to $378 million in the April forecast, with the lower estimate driven by reduced revenue projections while spending assumptions were unchanged. Staff said the outlook depends heavily on how long the Middle East conflict lasts and noted that a prolonged disruption could weaken the forecast further, while a quick resolution could improve conditions. George Hammond of the University of Arizona gave a broad economic overview, highlighting geopolitical risk, elevated oil and gasoline prices, sticky inflation, weak Arizona job growth, and uncertainty around federal policy, tariffs, immigration, and AI-related investment. He said Arizona’s recent job growth has been very weak and concentrated mainly in health services, while most other sectors lost jobs, and he attributed much of the slowdown to low hiring rather than layoffs. He also discussed population growth, noting that Arizona remains above the national average but is increasingly dependent on net migration as natural increase slows, and he warned that housing affordability remains strained even as Phoenix inflation has moderated. Panelists generally echoed the cautious outlook but pointed to some offsets. Liz St. Clair said Arizona’s near-term revenues could benefit from tourism tied to spring training and the Final Four, though higher fuel costs could dampen discretionary spending. Other panelists noted that the federal policy environment, tariffs, and immigration changes are likely to restrain growth, while productivity gains, especially from technology and AI, may help businesses maintain output. Several members also discussed housing, saying single-family permits have fallen while rental supply has improved affordability, and they raised concerns about labor-force growth, wage disparities, and the reliability of recent employment data revisions. No formal votes or actions were taken.
MN

Minnesota 2025-2026 Regular Session

House Floor Session 5/7/25 - Part 2

Minnesota House Floor Meeting

Transcript Highlights:
  • Let's look at the impact of fossil fuels on inflation.
  • Let's look at the impact of fossil fuels on inflation.
  • Let's look at the impact of fossil fuels on inflation.
  • Let's look at the impact of fossil fuels on inflation.
  • Let's look at the impact of fossil fuels on inflation.
Keywords: 1183, house
KY

Kentucky 2026 Regular Session

House Standing Committee on Agriculture. (1-21-26)

Agriculture

Transcript Highlights:
  • that becomes difficult in the inflatable that becomes difficult in the inflatable business<00:07
  • inflatable inflatable company,<00:08:36.080> the<00:08:36.320> people<00:08:36.399>
  • so what those who operate the inflatable so what those who operate the inflatable business,<00:09
  • understand was um with the inflatables understand was um with the inflatables is<00:11:00.000>
  • They regulate the business that owns the inflatable companies, and then inspect those inflatables once
Summary: The committee first handled opening business, including attendance, guest introductions, and a reminder about the 24-hour rule for bill substitutes. Guests were introduced by members, including an intern from California, a county judge-executive, and the committee’s session intern. The committee then took up House Bill 56, presented by Rep. Dan Fister and the Kentucky Department of Agriculture, which would update and clarify several agriculture-related regulatory provisions. HB 56 would require annual inspections and annual inspection tags for amusement rides, exempt certain private-property amusement ride itineraries from the 14-day advance notice requirement, clarify grain program dispute procedures, adjust egg license renewal dates and assessment-fee rules for small producers, and repeal obsolete tobacco and egg marketing board statutes. Members asked about the definition of amusement rides, whether inflatables are covered, and how licensing and inspection work for commercial operators versus private owners. The bill sponsor and agency representative explained that businesses must still register and obtain licenses and permits, while the bill mainly clarifies annual inspection requirements and reduces unnecessary notice burdens. The committee approved HB 56 with favorable expression. The committee next heard House Bill 258, sponsored by Rep. J.T. Payne, which would raise the weight limit for milk transportation on state highways to 90,000 pounds. Supporters, including a dairy farmer and Kentucky Department of Agriculture counsel, said the change would let haulers carry fuller loads, reduce trips, improve efficiency, and help a shrinking dairy industry. Members discussed the current 80,000-pound limit, the 10% variance, possible effects on other industries, and whether the bill sets a precedent; the sponsor said other carveouts already exist in statute. Several members spoke in support, citing the importance of dairy farming and transportation efficiency. HB 258 also received favorable expression. Finally, the committee considered House Bill 281, sponsored by Rep. Robert Duvall, to streamline food service rules for churches and nonprofits that provide meals to homeless shelters and disaster-displaced people. The sponsor said current rules can require industrial-grade kitchens and restaurant-level plumbing for simple food service, and the bill would exempt churches and nonprofits from those requirements while keeping food safety standards in place. The bill had support from groups serving shelters and disaster relief. HB 281 passed with favorable expression as well.
MN

Minnesota 2025 1st Special Session

House Education Finance Committee 1/23/25

Education Finance

Transcript Highlights:
  • including those not linked to inflation including those not linked to inflation it<01:32:01.040>
  • <01:32:08.760> adjustment benefited by by the inflation adjustment benefited by by the inflation
  • <01:32:16.800> to school districts adding inflation to school districts adding inflation to
  • inflation.
  • Identify the elements of base, including inflation, and see how that inflation portion measures compared
Keywords: 1183, house
Summary: The committee first approved the January 21st minutes by voice vote. Members then resumed a school finance overview focused on how Minnesota’s “base” budgeting system works and how future committee targets are set above or below that base by the Ways and Means chair, in consultation with fiscal staff. Staff emphasized that school funding decisions are tied to the state budget base and that changes made by the tax committee can affect school levies and school finance more broadly. The presentation then turned to property tax fundamentals. Staff explained that roughly 65% of school district revenue comes from state aid and about 20% from property taxes, with property tax revenue applying to school districts rather than charter schools. They reviewed the two main school tax bases—referendum market value and adjusted net tax capacity—along with class rates, sales ratios, and equalization. They also described tax credits, especially the school building bond agricultural credit, which helps reduce the property tax burden on agricultural land in Greater Minnesota. Members discussed student choice programs and how funding follows students. In response to questions from Representative Quam, staff explained postsecondary enrollment options (including direct enrollment and College in the Schools) and online learning, noting that funding generally follows the student to the serving institution or district. Staff also reviewed Minnesota’s pupil-counting system, including average daily membership and pupil weighting, and explained that students attending charter schools, other districts through open enrollment, or online programs are counted where they are served. The presentation concluded with broader school finance context: funding sources, equity and adequacy goals, constitutional and statutory authority, and the state’s school data systems (EUP/FARS, MARS, and STARS). Staff also began reviewing long-term enrollment trends, noting the impact of the baby boom, later growth from the mid-1980s through about 2000, and projected modest declines in public school enrollment through 2029.
MN

Minnesota 2025-2026 Regular Session

House/Senate DFL Media Availability 3/6/25

Minnesota House Floor Meeting

Transcript Highlights:
  • <00:04:05.519> and tariffs and uh increasing inflation and tariffs and uh increasing inflation
  • If we look out in the out years and we use the non-inflation-adjusted numbers, or the inflation-adjusted
  • If we look out in the out years and we use the non-inflation-adjusted numbers, or the inflation-adjusted
  • <00:10:27.399> adding<00:10:27.839> inflation keep up with inflation adding inflation
  • keep up with inflation adding inflation to<00:10:28.519> the<00:10:28.640> general<00:
Keywords: 1183, house
MN

Minnesota 2025 1st Special Session

House Education Finance Committee 3/11/25

Education Finance

Transcript Highlights:
  • And that is without inflation.
  • Or, and that is with inflation factored in, without inflation factored in, the balance is -2.39379 billion
  • inflation or and that is with inflation inflation or and that is with inflation factored<00:04:16.720
  • factored in without inflation factored factored in without inflation factored in<00:04:19.919> uh
  • 2% it will at least be 2% if inflation 2% it will at least be 2% if inflation is<00:08:22.199>
Keywords: 1183, house
MN

Minnesota 2025-2026 Regular Session

Requiring MMB to include fraud impacts in budget forecasts 3/3/26

Minnesota House Floor Meeting

Transcript Highlights:
  • biennia ago to forecast for inflation. biennia ago to forecast for inflation.
  • And you also you talk about inflation inflation inflation forecasting<00:31:38.480> inflation.
  • <00:31:38.880> Well,<00:31:39.040> inflation forecasting inflation.
  • Well, inflation forecasting inflation.
  • inflation. Very similarly constructed. inflation. Very similarly constructed.
Keywords: 1183, house
Summary: The committee took up House File 3683, which would require the state budget forecast to estimate the budgetary impacts of fraud committed against state programs. Chair Nash argued that fraud has real fiscal effects on the state, that those costs should be quantified in the forecast much like inflation was previously incorporated, and that doing so would help lawmakers understand the true cost of money lost to fraud. He also said the bill was intended to give MMB direction to develop a way to forecast fraud’s impact and that the issue should be treated as part of the state’s fiscal outlook. Deputy Commissioner Anna Mingy of Minnesota Management and Budget testified in opposition to the bill’s approach, saying fraud is unacceptable and MMB is committed to combating it, but that the twice-a-year forecast is not the right tool for this analysis. She said forecasts are forward-looking budget tools based on projected revenues and spending, while fraud analysis is retrospective and involves legal definitions and processes. She also warned that requiring MMB to consult with legislative chairs on fraud estimates before public release could politicize the forecast and would be a departure from current practice. Members raised concerns about how fraud would be defined and quantified, whether the bill would cover known or potential fraud, and whether it would duplicate existing budget adjustments. Chair Nash responded that the bill was modeled on prior inflation-forecast language and said fraud’s fiscal impact should be estimated even if the exact number is debated. Other members questioned whether the proposal would add value or create subjective numbers, while supporters said audits and program integrity data provide a basis for estimating a range. Deputy Commissioner Mingy also answered questions about bond ratings, saying Minnesota maintained its AAA rating and that rating agencies focus on governance and long-term obligations, not specific fraud estimates. She later said the administration’s anti-fraud package includes permanent bans on state contracts and grants for individuals convicted of fraud. The discussion ended without a recorded vote or final action in the excerpt.
ND

North Dakota 2025-2026 Regular Session

House Industry, Business and Labor Apr 8th, 2025 at 02:45 pm

Industry, Business and Labor

Transcript Highlights:
  • So, and that's how you fight medical inflation, again, medical inflation is going to occur.
  • From how you fight medical inflation, again, medical inflation is going to occur.
  • And the medical inflation is what, 8, 9%?
  • You mentioned some things about medical inflation. There are a lot of drivers of medical inflation.
  • Those things are going to drive medical inflation.
Bills: SB2160
Summary: The committee resumed work on Senate Bill 2160, which would move the Public Employees Retirement System health plan from grandfathered to non-grandfathered status under the Affordable Care Act. PERS officials Rebecca Frickie and Derek Holbein explained that the bill would allow more flexibility in plan design, including higher deductibles, co-pays, and out-of-pocket maximums, while also adding enhanced preventive benefits. They clarified that ACA “essential health benefits” apply to individual and small-group markets, not to PERS as a large employer, and that the bill’s projected cost increases were based on actuarial estimates and prior bid scenarios from Sanford and Blue Cross Blue Shield. Members debated whether the bill would actually save money or simply shift costs to employees. Supporters argued that non-grandfathered status would create more levers to manage medical inflation and could produce net premium savings through plan redesign, citing prior bid comparisons showing potential reductions of 1% to 8% depending on the option. Opponents, including Representative Schauer and North Dakota United president Nick Archelette, questioned how the state would pay for the estimated $25 million to $30 million in added benefits and warned that employees could face higher out-of-pocket costs amid already strained household budgets. Frickie said the legislature would control funding decisions and that current law requiring the state to pay full family premiums could be changed only by statute. The committee also discussed reserve funding, with members noting that a $4.3 million reserve draw in the bill was intended to cover the final months of the biennium and could be modified. After testimony and discussion, Vice Chair Johnson moved a do-pass recommendation and referral to Appropriations. The motion passed 10-3-1, with Representatives Ostlie, Schatz, and Schauer voting no. Representative Gump agreed to carry the bill.
NM

New Mexico 2025 Regular Session

IC - Investments and Pensions Oversight Sep 12th, 2025

Investments & Pensions Oversight Committee

Transcript Highlights:
  • And how we're approaching the markets, interest rates, and inflation.
  • The next page, number four, is the same chart, except it's inflation.
  • of lower inflation, and then an even shorter period of even lower inflation, and then a tick back up
  • So that's those two: inflation and interest rates and why it's.
  • inflation went down.
HI

Hawaii 2025 Regular Session

WAM Informational Briefing 01-28-2025

Hawaii Senate Floor Meeting

Transcript Highlights:
  • Maui has high inflation.
  • <01:25:09.119> is inflation is inflation is low<01:25:11.040> and<01:25:11.440> they
  • as this inflation so the inflation<01:26:23.719> is<01:26:23.840> mainly<01:26:24.400>
  • due<01:26:24.639> to<01:26:24.960> the inflation is mainly due to the inflation
  • the cost in inflation drive up the<01:26:48.119> inflation<01:26:49.080> because<01:26
Keywords: 912, senate, all
MN
Transcript Highlights:
  • Discretionary inflation is included in Discretionary inflation is included in the<00:06:49.039> forecast
  • , we don't count discretionary inflation, we don't count discretionary inflation, which<00:06:57.840
  • Rate, uh, than from than in the November forecast, and lower inflation that we forecast and lower inflation
  • We estimate discretionary inflation.
  • include discretionary inflation. include discretionary inflation.
Keywords: 1183, house
Summary: Minnesota Management and Budget officials presented the February 2026 budget and economic forecast, saying the state remains in a strong financial position but faces continued structural imbalance and significant uncertainty. Commissioner Aaron Campbell said the FY 2026-27 balance is now projected at more than $3.7 billion, up about $1.3 billion from November, and the FY 2028-29 planning period is projected to end with a $377 million positive balance. He emphasized that the improvement comes largely from higher projected revenues, especially individual income and corporate franchise taxes, but warned that the state is increasingly reliant on more volatile sources such as capital gains, interest income, and corporate profits. State Economist Dr. Anthony Becker said the national outlook improved slightly, with stronger projected GDP, consumer spending, and investment, but weaker payroll growth and ongoing trade-policy uncertainty. He noted that the forecast was complicated by missing federal data because of the federal shutdown, and that tariffs, immigration policy, equity markets, and possible AI-related shifts all present risks. Revenue projections were raised for the current biennium, including individual income tax receipts, sales tax revenue, corporate franchise tax revenue, and other revenues, while Becker stressed that federal funding threats, especially involving Medicaid and other entitlement programs, could materially alter the outlook. State Budget Director Anna Mingi said general fund spending in the current biennium is projected to be $68 million lower than previously estimated, but planning-year spending is up $152 million. The biggest spending changes came from education, where special education costs rose sharply after updated local spending data, and from human services, where a new prepayment review process for certain Medicaid benefits reduced projected spending by $133 million this biennium and $105 million in the next. She also said discretionary inflation is now estimated at $1.04 billion, up $104 million from November. Campbell closed by saying the state’s reserve remains at a record $3.8 billion and that Minnesota’s AAA bond rating and reserve policy help protect against downturns. He cautioned, however, that the long-term structural imbalance remains about $3.4 billion in the planning years, or $2.3 billion excluding discretionary inflation, and urged policymakers to offset any new spending with reductions. No votes or formal actions were taken; the meeting was a presentation and question-and-answer session on the forecast.
MN

Minnesota 2025-2026 Regular Session

Committee on Taxes - 04/23/25

Taxes

Transcript Highlights:
  • <00:09:52.000> in<00:09:52.880> uh tie to inflation in uh tie to inflation in uh 2030
  • um inflation will in this proposal inflation<00:10:08.160> will<00:10:08.480> not<00:10
  • Is that was put on automatic inflation?
  • what that decoupling from inflation what that decoupling from inflation actually<00:26:04.799>
  • um from the uh inflation. um from the uh inflation.
Keywords: 1187, senate, all
ND

North Dakota 2025-2026 Regular Session

Senate Appropriations - Human Resources Division Apr 10th, 2025 at 09:30 am

Appropriations - Human Resources Division

Transcript Highlights:
  • I'm using the same thing with the inflators.
  • You know, we either got to move the underfund or we've got to do the inflator.
  • “Percent on the inflator, and that would balance things out, wouldn’t it?
  • The inflator is kind of the one place left to do that.
  • House 27, Senate 25, provides the 2% provider inflation.
Bills: SB2015
Summary: The committee met to review revised long sheets and section-by-section language for a human services/health budget bill, with much of the discussion focused on how to present block grant funding and full-time equivalent (FTE) positions for behavioral health clinics and CCBHCs. Members debated whether to keep FTE counts in the budget at all, ultimately leaning toward removing or zeroing out the FTE references while keeping the dollar authority, and reducing the salaries-and-wages block grant by about $4.75 million. They also discussed public health federal authority, agreeing to remove about $60 million in unused federal spending authority tied to COVID-era funds, and clarified that if federal money later becomes available it could be requested through the Emergency Commission. A major topic was the provider inflation increase. The House version had 2% and 2%, while members debated alternatives and appeared to settle, at least for further work, on 2% in the first year and 1.5% in the second year, with staff asked to recalculate the fiscal impact. The committee also reviewed FMAP changes, noting a revised 2027 FMAP estimate and its effect on general fund and other funds, and discussed whether to adjust public health and other line items accordingly. Several members emphasized that many of these numbers are still tentative and will be refined before final action. The committee also touched on several policy items and capital-related provisions, including behavioral health services, Medicaid expansion, the moratorium on new ICF beds, and a proposed amendment for a medical homes/fourplex-related item that would show a $400,000 legislative investment with repayment from a developer. There was extended discussion of the All True hospital/facility proposal, with some members favoring leaving it in with a smaller initial commitment and others preferring to remove it and revisit later in conference committee. The meeting ended with staff asked to continue updating the bill language and members instructed to review remaining sections before the next meeting; no final votes were taken in the portion provided.
MN

Minnesota 2025-2026 Regular Session

Committee on Finance - 03/11/26

Finance

Transcript Highlights:
  • of over $1 discretionary inflation of over $1 million. million. million.
  • :06:44.760> in Discretionary inflation is included in Discretionary inflation is included in the
  • Now, for inflation, compared to the November forecast, inflation is projected to be slightly lower in
  • in November and lower inflation that we experienced in late 2025.
  • discretionary inflation. discretionary inflation.
Keywords: 1187, senate, all