Video & Transcript : 'index mutual fund' :
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CA
California 2025-2026 Regular Session
Assembly Transportation Committee Aug 25th, 2025
Transcript Highlights:
- You know, pay from a general fund, right?
- Then in 2017, we established another funding...
- And then generally, we do not have any general fund or other non-user fee funds.
- We did have a transfer from the general fund.
- They indexed, or raised, the gas tax by five cents a year for two years and then indexed it to inflation
Summary:
The Assembly Transportation Committee first took up three highway naming resolutions on its consent calendar: ACR 109, SCR 78, and SCR 90. The committee approved the consent calendar with 11 aye votes and no no votes, then adjourned the bill-hearing portion. Members also recognized committee science fellow AJ Mendeola for his service, noting his contributions to bill analysis and staff support.
The committee then held an informational hearing on alternatives to the gas tax, focused on the projected decline in fuel-tax revenue and the need for a more sustainable transportation funding model. The chair and invited experts described how inflation, improved fuel efficiency, and growth in electric and other alternative-fuel vehicles are eroding gas-tax revenues. Presenters from the National Conference of State Legislatures and the University of California discussed state options such as higher or indexed gas taxes, EV registration fees, road usage charges, delivery fees, public EV charging fees, transportation network company fees, and managed lanes, emphasizing tradeoffs among revenue adequacy, fairness, administrative cost, and public acceptance.
Committee members raised concerns that mileage-based fees or EV fees could function as new taxes on commuters and lower-income drivers, especially if the gas tax is not repealed. Presenters responded that road usage charges are generally intended as replacements for the gas tax, not additions, and argued that mileage-based systems better preserve the user-pays principle while being less tied to vehicle fuel efficiency. They also noted that flat EV registration fees are easy to administer but can be less equitable because they are not linked to actual road use.
Officials from Hawaii, Utah, and Oregon described their state programs and policy choices. Hawaii said its new road usage charge began July 1, 2025, for EVs, offers a choice between a per-mile charge and a flat annual fee through 2028, and will transition to mandatory EV participation before expanding to all light-duty vehicles by 2033. Utah described its voluntary EV road usage charge program, quarterly reporting, privacy protections, and legislative scenarios for removing the cap or making participation mandatory. Oregon outlined its constitutional cost-responsibility framework and broader transportation funding challenges, including reliance on user fees and limited use of general-fund support.
AR
Arkansas 2026 Regular Session
EDUCATION COMMITTEE - SENATE AND HOUSE Feb 3rd, 2026
Transcript Highlights:
- are removed based on their progress on the ESSA school index.
- their initial SS school index score so the SS school index we'll see on the next slide and so that's
- are removed based on their progress on the ESSA school index.
- And then we also have the Workforce Stability Index.
- Are we using this data, and maybe early, but are we using this data to maybe fund or give more funding
Summary:
The committee received a lengthy Bureau of Legislative Research presentation on Arkansas academic standards, accountability systems, and adequacy requirements. Staff reviewed how state curriculum and standards have evolved from the 1997 Public Education Act through the 2003 Quality Education Act and the 2017 Educational Support and Accountability Act, including required coursework, standards for accreditation, career and technical education, graduation requirements, and recent additions such as computer science, personal finance, firearm safety, and fetal growth and development instruction. Members asked for a chart comparing the major laws and repeals over time, and staff agreed to provide one.
The presentation then turned to federal ESSA requirements and Arkansas’s state accountability system. Staff explained Arkansas’s long-term goals for proficiency, English learner progress, and graduation rates, and reported 2025 ATLAS proficiency results, which remained below the 80% goal across student groups. They also reviewed English learner progress, graduation rates, school support and improvement, and equitable access to educators. Data showed gaps by subgroup and by school poverty/minority concentration, with Title I and high-poverty schools more likely to have emergency/provisional teachers and less experienced staff. Members questioned the lack of recent data for some ESSA measures, including equity labs and school index calculations, and asked staff to follow up with the Department of Education.
The committee also discussed NAEP results, ACT scores, and teacher quality measures under the state accountability act. Arkansas’s NAEP performance remained below national averages in fourth- and eighth-grade reading and math, and ACT composite scores and benchmark attainment were also reviewed. Members asked for additional information on historical highs and lows, the number of assessments students take by grade, dropout data, and comparisons with other states. No formal votes were taken; the main action was agreement to request additional information from DESE and to schedule department follow-up at a future meeting.
MN
Minnesota 2025-2026 Regular Session
House Transportation Finance and Policy Committee 1/22/25
Transportation Finance and Policy
Transcript Highlights:
- Then, beneath the general fund items, you can see the effect on the highway user tax distribution fund
- </c> fuels tax indexing so because that index fuels tax indexing so because that index doesn't<00:04:
- the municipal State streets highway fund the municipal State streets fund<00:06:59.120><c> town</c><
- /c><00:23:19.159><c> tax</c><00:23:19.480><c> to</c> indexing indexing of the gas tax to indexing indexing
- </c><00:48:38.960><c> what</c><00:48:39.079><c> we</c> funding for roads and funding what we funding
Committee:
House Transportation Finance and Policy
KY
Kentucky 2025 Regular Session
Budget Review Subcommittee on Transportation (11-5-25)
Transcript Highlights:
- . funds. funds.
- fund.
- fund.
- Is this general fund dollars or road fund dollars? >> This is general fund dollars. >> Okay.
- </c><01:26:20.400><c> funding</c><01:26:20.800><c> model</c> to the existing road fund funding model
Summary:
The subcommittee approved the October 15 minutes and observed a moment of silence for the victims of the UPS Worldport plane crash. The main presentation was from Transportation Cabinet Commissioner Bobby Joe Lewis on the Local Assistance Road Program/County Priority Projects Program (LAARP/CPP), which was implemented under House Bill 546 and now requires rehabilitation projects to restore roads to original condition, cap funding at $500,000 per project, use a new scoring matrix, include a local match, and submit one photograph per 300 feet of project length. He reported that the 2026-2027 cycle ran from June 1 to October 1 and drew 1,215 project applications from 107 counties and 106 cities, with total submitted project costs of about $121.1 million and about $102.3 million requested after local match. He also said 30% of submissions scored 10s and 22% scored 9s, and that the list of requests and required photos had been submitted to the General Assembly and LRC.
Members asked about how scores change over time, whether roads can move from lower scores to 10s, and whether the new process gives a better picture of local needs. Lewis said scores can change based on weather and road conditions, but the new system provides more information and a more standardized evaluation than before. Several members raised concerns about the volume and size of required photographs, suggesting drone footage or video as an alternative; Lewis said the photo requirement has caused confusion and large file uploads, and he was open to considering easier ways to document conditions. Members also discussed continuity in scoring across districts, and Lewis explained that district staff appointed by chief district engineers use a handbook and scoring matrix, with the scores entered into a computer system so evaluators do not see the final score while scoring.
The committee also discussed funding levels and carry-forward balances for the program. Lewis said the program began with $20 million authorized in HR92, noted underruns from completed projects, and reported a carry-forward amount that had grown to $355,432.42 available for reauthorization as of October 13. In response to questions, he said the current process concentrates applications into a short window, with 63% of applications arriving in the last few days and 417 on October 1, which created a heavy workload but was completed on time. The meeting then moved to multimodal funding priorities, with Jennifer Kersner of Kentuckians for Better Transportation introducing herself and offering condolences for the UPS aviation incident before beginning her remarks.
NH
Transcript Highlights:
- So, all will have a funding mechanism.
- We need this funding. Um I'm there. We need this funding.
- it when many states have indexed.
- it when many that we did not index it when many states<00:13:44.240><c> have</c><00:13:44.480><c> indexed
- And, um, if my recollection is fund.
Committee:
Senate Transportation
AR
Arkansas 2026 1st Special Session
ALC-HOSPITAL, MEDICAID, & DEVELOPMENTAL DISABILITIES STUDY SUBCOMMITTEE Mar 16th, 2026
ALC-HOSPITAL, MEDICAID, & DEVELOPMENTAL DISABILITIES STUDY SUBCOMMITTEE
Transcript Highlights:
- The general fund is how these cost settlements are funded for the state share.
- The general fund is how these cost settlements are funded for the state share.
- those federal funds to be paid.
- So that it is a flow-through of state funds to pull down the federal funds.
- Medicaid is about a third of our funding problem. Medicare is about a third of our funding problem.
Summary:
The subcommittee met to review Department of Human Services hospital payments in Arkansas Medicaid, with DHS Secretary Janet Mann and Deputy Secretary Misty Eubanks presenting first, followed by Arkansas Hospital Association Executive Vice President Jody Ann Tritt and a brief comment from Arkansas Children’s. DHS outlined the main hospital payment streams: fee-for-service per diem payments, upper payment limit (UPL) supplemental payments, cost settlements, and smaller payments such as graduate medical education and disproportionate share hospital funds. Members asked for plain-language explanations of cost settlements, why per diem rates vary by hospital type, and why UPL applies to private hospitals. DHS said cost settlements and UPL are mechanisms to help offset Medicaid underpayment, with SFY 2025 hospital payments totaling hundreds of millions of dollars and no general revenue used for supplemental payments beyond the state share funded through hospital assessments and related financing structures.
Committee members focused heavily on whether Arkansas hospitals are adequately reimbursed and why rural hospitals struggle. Tritt explained that critical access hospitals, rural emergency hospitals, PPS hospitals, and specialty hospitals operate under different federal and state rules, and said lower per diem rates for some facilities help with cash flow and later cost settlement adjustments. She said Arkansas hospitals are under financial strain, citing a negative patient services margin statewide and noting that Medicaid, Medicare, and commercial payers all contribute to the problem. She also said the association had just authorized a statewide survey of hospital finances and costs, which she expected would take about a year to complete.
A major theme was commercial insurance reimbursement. Tritt argued Arkansas hospitals are paid far less than hospitals in neighboring states even though premiums are similar, and said administrative burdens, prior authorizations, and denials add to the problem. She said hospitals receive about 52 to 53 cents on the dollar for Medicaid costs without UPL and about 78 cents with UPL, still below cost. Members also discussed Medicare wage index issues, Medicare Advantage, and whether hospitals could use technology or alternative arrangements to improve finances. No votes were taken on the hospital presentation.
At the end of the meeting, DHS provided a brief update on Living Choices and assisted living reimbursement. Officials said one assisted living facility, Pillars of the Community in Crossett, had announced closure, with nine waiver clients being transitioned to other settings. DHS said the current cost reporting period was underway and that a new rate study could be ready for review before the end of the fiscal year if reports were submitted on time. Members also asked about the broader waiver plan, and DHS said the next waiver iteration would likely be brought back to the committee in the summer.
NH
New Hampshire 2025 Regular Session
House Labor, Industrial and Rehabilitative Services (01/22/2025)
Labor, Industrial and Rehabilitative Services
Transcript Highlights:
- </c><00:59:37.079><c> agreed</c> for employees that they mutually agreed for employees that they mutually
- Yes, it is fully funded by the unions. Thank you.
- </c><01:08:15.799><c> by</c> union yes it is fully fully funded by union yes it is fully fully funded
- That building that Representative Stub alluded to earlier, how much state funding, federal funding, whatever
- Representative Stub alluded to earlier how much state funding, federal funding, whatever went into that
NM
New Mexico 2026 Regular Session
Senate - Committees' Committee Feb 3rd, 2026
Senate Committees' Committee
Transcript Highlights:
- In our discussion, we said we believe they were not germane because 213 is indexing the gas tax, weight
- distance tax, and special fuel excise tax to the consumer price index, which we felt was policy.
- tax to the consumer price index, which we felt was policy.
- All right, I'm just asking, and we've never indexed the gas tax here before, have we?
- So we've done a gas tax, but we've never indexed anything.
Committee:
Senate Senate Committees' Committee
Summary:
The committee met to consider germane-status recommendations for several bills, including Senate Bills 213 and 215. Staff explained that SB 213 would index the gas tax, weight distance tax, and special fuel excise tax to the consumer price index, which they viewed as policy rather than germane. Members discussed whether the bill would generate revenue and whether it related to prior legislation on the same subject. The committee then voted without objection to deem SB 213 germane.
Discussion of SB 215 focused on a proposal affecting disaster-related loans and interest earned on those funds. Staff said the bill would require any interest or other revenue generated from loans to governmental entities for wildfire or other disaster recovery to be returned to the fund. Members raised concerns about how the measure would affect existing projects and funds already being used in places such as Mora, Ruidoso, and Las Vegas, and noted it could be a significant policy change. There was also discussion that any message on the bill could allow further review and possible guardrails, including making the change prospective rather than retroactive.
At the end of the meeting, the committee approved germane status for SBs 210, 211, 212, 214, 216, and 217 without objection, while SB 213 had already been separately approved as germane. The committee then adjourned.
NM
Transcript Highlights:
- This is not a permanent funding source.
- not needed for debt service into some identified funds.
- It does not impact the general fund. The money comes from the Public Project Revolving Fund.
- Chairman, and Senator, the CPI is a consumer price index.
- for how and when funds are accessed.
Committee:
Senate Senate Finance
WA
Washington 2025-2026 Regular Session
House Transportation Jan 22nd, 2026
Transcript Highlights:
- It's been collected by FHWA from... ...roughness index.
- The legislature provided additional one-off appropriations of sales tax funds or general funds in fiscal
- provided additional one-off appropriations of sales tax funds or general funds in fiscal 22 through
- Our fee supports this sport with no outside money from the general fund.
- Is there a plan from Parks to do more enforcement with this new funding?
Summary:
The committee first received a presentation from NCSL staff on national transportation funding trends and alternative user-fee options as gas tax revenue declines. The presentation covered declining fuel-tax purchasing power, the effects of more fuel-efficient and electric vehicles, and a range of state responses including indexed gas taxes, EV and hybrid registration fees, voluntary and mandatory road usage charges, transportation network company fees, retail delivery fees, and per-kilowatt-hour EV charging fees. Members asked about Virginia’s mileage-fee program, enrollment rates, and whether states had reduced gas taxes alongside new fees; the presenters said they would follow up with additional information.
Committee staff then presented a comparison of Washington’s transportation budget with Arizona, Colorado, Nevada, and Utah, focusing on population, lane miles, road condition, fuel taxes, preservation spending, mega-projects, and governance structures. The discussion highlighted Washington’s unique transportation pressures, including ferries, fish-passage obligations, high debt service, and major capital projects. Members asked follow-up questions about debt service, interest costs, CCA impacts on fuel prices, and whether project costs differed by state.
The committee held public hearings on three bills. House Bill 2109 would allow vehicles being towed on trailers to use coverings to contain mud, rocks, or debris instead of requiring prior cleaning; the bill’s sponsor and construction witnesses supported it as a practical solution, and the fiscal note showed modest costs to WSP and WSDOT. House Bill 2139 would raise snowmobile registration fees to support snow park and trail grooming; State Parks, DNR, and several snowmobile advocates supported it, while some snowmobile users opposed it, arguing that enforcement of unregistered sleds should be addressed first. House Bill 2192 would expand the Washington Traffic Safety Commission’s fatal crash review authority and allow it to collect certain health data; the sponsor and agency supported the bill as a public-health tool, while one attorney raised concerns about limiting civil discovery and evidentiary access in fatal crash litigation.
NM
New Mexico 2025 Regular Session
IC - Investments and Pensions Oversight May 22nd, 2025
Investments & Pensions Oversight Committee
Transcript Highlights:
- funds.
- , our pension funds, and other public funds.
- Uh, and then next, I'll go ahead, um, fund by fund.
- The policy index is a benchmark based on that asset allocation, how that fund should have was expected
- The land grant permanent fund outperformed both short and long-term targets above or at the policy index
MN
Transcript Highlights:
- </c> getting us higher in the suits index. getting us higher in the suits index.
- while cutting federal funding to the state and constraining our ability to fund services.
- while cutting federal funding to the state and constraining our ability to fund services.
- </c> had the suits index yesterday. had the suits index yesterday.
- </c> index, it's very regressive. index, it's very regressive.
MN
Minnesota 2025-2026 Regular Session
House Higher Education Finance and Policy Committee 2/24/26
Higher Education Finance and Policy
Transcript Highlights:
- And so the lower the student aid index, the higher the applicant's need for assistance is.
- need index, the higher the applicant's need for<00:07:05.840><c> assistance</c><00:07:06.319><c> is.
- But what we can do is either request additional funds from the legislature.
- Changes in the student aid index formula can impact Minnesota state grants.
- </c> to uh more evenly distribute the funds. to uh more evenly distribute the funds.
Committee:
House Higher Education Finance and Policy
MN
Transcript Highlights:
- </c> um on that on the Suits Index as well? um on that on the Suits Index as well?
- c> is</c><00:28:04.360><c> negative</c> Our overall Suits Index is negative Our overall Suits Index is
- Suits index.
- </c> measure of the Suits index. measure of the Suits index.
- </c> transportation-related taxes, indexing transportation-related taxes, indexing the<00:46:50.400><
Committee:
Senate Taxes
MN
Minnesota 2025-2026 Regular Session
House Transportation Finance and Policy Committee 2/10/25 - Part 2
Transportation Finance and Policy
Transcript Highlights:
- </c> streets that do not receive Hut funding streets that do not receive Hut funding I<00:09:13.680><
- I imagine the purpose of this is to reduce funding, and it would reduce funding for some of it.
- North Dakota funds it differently. South Dakota funds it differently than we do.
- of funding.
- of funding.
Bills:
HF5
Committee:
House Transportation Finance and Policy
FL
Florida 2026 5th Special Session
Rules Mar 3rd, 2026
Transcript Highlights:
- balance, general fund balance requirement?
- about adequate funds in NICA.
- I've heard a lot, and we all have heard a lot today about funding, funding, funding.
- They can, on those entities that are already in fee assessments, sweep funds from a trust fund.
- The pharma-funded... The pharma-funded... they will compare cases as death.
Summary:
The Committee on Rules heard a long agenda of growth-management, elections, education, housing, and professional-licensing bills. The first major item was SB 354 on “Blue Ribbon Projects,” a framework for very large planned developments on at least 15,000 contiguous acres with 60% reserved area. After adopting a strike-all amendment, senators debated whether the bill adequately protected conservation land, local government authority, neighboring property, concurrency, and multi-county projects. Supporters argued it would create more orderly, master-planned growth and preserve large areas of land; opponents said the reserve areas were too weakly protected and the bill preempted local control. The committee adopted the amendment and then reported the bill favorably on a party-line style roll call, with Chair Pasadomo and Vice Chair Jones voting no.
The committee then approved SB 620 on candidate qualifying, which requires candidates to disclose any foreign citizenship and, through amendments, adds a 2026 congressional qualifying framework tied to apportionment and redistricting, including revised petition rules and deadlines. Members discussed disclosure, redistricting, and candidate vetting, and the bill was reported favorably. CS/CS/CS/SB 1452, a Department of Financial Services bill, was also amended and approved; the amendments addressed My Safe Florida Home, unclaimed property, firefighter hiring, workforce housing code accommodations, and related financial-services issues. CS/CS/SB 1620, the school board members’ bill of rights, was narrowed by substitute amendment to focus on access to records, fiscal transparency, NDAs, and related rights, and it passed after supportive testimony from school board and superintendent representatives.
The committee also passed CS/HB 245, which replaces the term “child pornography” with “child sexual abuse material,” after debate over whether the terminology change could affect the seriousness of the crime or existing case law. SB 1548, a Live Local/affordable housing update, was reported favorably with little debate. Finally, the committee approved the veterinary medicine bill creating veterinary professional associates, after amending it to require immediate supervision by a licensed veterinarian. Throughout the meeting, many public commenters and senators weighed in on the balance between development and conservation, local control, and the scope of state regulation, with several bills drawing both strong support and strong opposition before final votes.
MN
Minnesota 2025-2026 Regular Session
Private Equity Presentation 3/2/26
Minnesota House Floor Meeting
Transcript Highlights:
- The private equity risk index gives Minnesota a risk score of 46 on 100.
- </c><00:07:37.599><c> Um</c> to as a private equities risk index.
- Um to as a private equities risk index.
- Uh the private equity<00:07:43.680><c> risk</c><00:07:44.080><c> index</c><00:07:44.880><c> um</c><00
- Minnesota a equity risk index um gives Minnesota a risk<00:07:46.479><c> score</c><00:07:46.720><c>
NH
New Hampshire 2025 Regular Session
Senate Election Law and Municipal Affairs (04/22/2025)
Election Law and Municipal Affairs
Transcript Highlights:
- The town is put into a the forest fund.
- So you’d have funds for your conservation commission and a fund for your forestry committee.
- </c> So, they wouldn't co-mingle their funds So, they wouldn't co-mingle their funds together.<00:11:
- </c> commissions, they also will get funds commissions, they also will get funds for<00:11:54.320><c>
- Um you're municipal cost index?
Committee:
Senate Election Law and Municipal Affairs
MN
Transcript Highlights:
- So a positive Suits index is a progressive tax. A negative Suits index is a regressive tax.
- A positive Suits index is a progressive tax. A negative Suits index is a regressive tax.
- </c> credits are $700 million, a suits index credits are $700 million, a suits index of<00:28:35.440>
- </c> here's the history of suits indexes. here's the history of suits indexes. that<00:39:39.119><c>
- They don't use deciles or SUITS indexes, but we were able to estimate a SUITS index based on the data
Committee:
House Taxes
Keywords:
school supplies, sales tax exemption, use tax, sales and use tax, back-to-school, classroom supplies, education tax relief, tax holiday, retail exemption, Minnesota sales tax, school materials, binders, calculators, notebooks, pencils, backpacks, book bags, local tax revenue, taxable sales base, income tax
ND
North Dakota 2026 1st Special Session
Legacy and Budget Stabilization Fund Advisory Board Mar 31st, 2026 at 11:00 am
Legacy and Budget Stabilization Fund Advisory Board
Transcript Highlights:
- Legacy Fund, the Legacy Fund asset allocation...
- Or what's the cost to carry with a fund-to-fund manager?
- Yeah, about 15% for fund-to-funds.
- of the Legacy Fund distributions, there is a limit to... ...fund out of the Legacy Fund distributions
- funds.