Video & Transcript : 'index mutual fund' :
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WY
Wyoming 2026 Regular Session
House Floor Session-Day 19, March 4, 2026-PM
Wyoming House Floor Meeting
NM
New Mexico 2025 Regular Session
IC - Economic and Rural Development Jul 7th, 2025
Economic & Rural Development & Policy Committee
Transcript Highlights:
- It's not funded. It's not fully funded; it still needs more money. It doesn't need more.
- Funded with that Land of Enchantment Legacy Fund.
- The other pot that it goes to is our Outdoor Equity Fund, which funds youth programs.
- foresight in funding those.
- The funding that we get from the state leverages large amounts of federal funding.
NM
New Mexico 2025 Regular Session
IC - Legislative Finance Aug 19th, 2025
Transcript Highlights:
- to other funds.
- And that's even with the inclusion of a couple of new reserve funds, the Behavioral Health Trust Fund
- But maybe about 8% of it is in trust funds or other funds with missions different from reserves.
- That's both to the general fund and to the health care affordability fund, and also the gross receipts
- We funded everything we could fund in New Mexico.
WA
Transcript Highlights:
- fund allocations or local government funding.
- They actually monitor something called the PCE index. PCA index. And so it's very similar to CPI.
- So, and this is a completely Self-funded program. There's no general fund subsidy.
- fund.
- Funding Council.
Committee:
Joint Pension Funding Council
Summary:
The Pension Funding Council met on October 8 with introductions from council members and staff, then received a detailed presentation from the Office of the State Actuary on long-term economic assumptions and the state pension systems’ financial condition. OSA reported that the combined pension systems are currently 100% funded on a smoothed basis, with open plans above 95% funded, and that legacy Plan 1 systems remain on a path toward full funding under current policy. The actuaries recommended updating assumptions to 3% inflation, 3.5% general salary growth, and a 7.25% investment return, while keeping Plan 1 membership growth at 1%. They also explained asset smoothing, the role of recent strong investment returns, and the expected budget impacts of the recommended changes. Representatives from the Economic and Revenue Forecast Council and the State Investment Board offered supporting perspectives, generally describing the assumptions as reasonable and consistent with their own outlooks.
The council also heard an overview of the Long-Term Services and Supports Trust Program (WACares) from DSHS and OSA. Program staff described the program’s social insurance structure, premium collection, benefit eligibility, and upcoming implementation milestones. OSA reported that the program’s first actuarial valuation showed a positive actuarial balance under the base scenario and recommended no change to the current 0.58% premium rate during the program’s early learning phase, noting that future changes would depend on experience and the program’s risk-management framework. OSA also said the recommendation would remain the same regardless of the outcome of the pending ballot measure affecting investment options.
During public comment, a representative of the Washington State School Retirees Association urged continued work on Plan 1 funding and related legislation, while the Association of Washington Cities cautioned against increasing pension assumptions in a way that could raise future employer costs and reduce flexibility for current local government services. In action, the council adopted a motion to maintain the current long-term economic assumptions by a 4-2 vote, adopted the recommendation to keep the WACares premium rate at 0.58% by a 6-0 vote, and then elected Katie Chapman as council chair by unanimous vote. The meeting then adjourned.
CA
Transcript Highlights:
- And so inside of the RFP process and inside of Fund 13, which is our Nutrition Services Fund, we are
- The fund, we are financially responsible for that check and balance of the actual cost of everything.
- It indexes the award amount to the California Consumer Price Index. Grant B recipients.
- It indexes the award amount to the California Consumer Price Index and replaces the current fixed cap
- Enough funds to experience those parts of my college experience.
Committee:
Senate Education
Summary:
The Senate Education Committee heard several bills focused on school nutrition, campus safety, college affordability, and UC contracting ethics. SB 1058 by Senator McNerney would remove price as the primary factor in school nutrition procurement, allowing districts more flexibility to prioritize meal quality, cultural appropriateness, local sourcing, and sustainability. Support came from school nutrition officials, education agencies, and school business groups; there was no opposition. Members raised questions about vendor selection and safeguards against favoritism, and the bill was ultimately moved forward on a due pass motion.
SB 1140 by Senator Ashby, sponsored by the California Federation of Teachers, would require school safety plans to address access control during construction, maintenance, and repair projects by limiting unattended entry points such as open doors and gates. Supporters included Brady Campaign, Moms Demand Action, school employees, labor groups, and Prism. Members discussed how the bill would apply to both new construction and ongoing maintenance, and the measure advanced on a due pass motion. SB 959 was taken up on consent and also moved forward.
SB 1006 by Senator Padilla would raise the Cal Grant B Access Award to a new minimum and tie future increases to inflation, with related supplemental awards for student parents and former foster youth also indexed. Support came from higher education advocates, CSU, student groups, and public advocacy organizations, with testimony from a Sac State student describing housing, transportation, and food insecurity. Members generally supported the bill, though questions were raised about fiscal impact; the author estimated about $21 million in first-year costs. The bill passed the committee on a due pass motion.
SB 1141 by Senator Wahab would bar businesses from contracting with the University of California if a UC executive is paid by, or has been paid by, that business within the prior year, aiming to address conflicts of interest in UC contracting. AFSCME and UC workers supported the bill, citing examples of executives serving on corporate boards while their institutions contract with those companies. UC and business groups opposed it, arguing it was overly broad, could capture ordinary dividends or unpaid advisory roles, and could disrupt essential contracts and operations. After extensive debate over existing conflict-of-interest laws and whether the bill would create practical problems, the committee approved SB 1141 on a 4-3 vote and then reported the remaining bills out 7-0 as calls were lifted, concluding the agenda.
CA
California 2025-2026 Regular Session
Senate Education Committee Mar 25th, 2026
Transcript Highlights:
- And so inside of the RFP process and inside of Fund 13, which is our Nutrition Services Fund, we are
- The fund, we are financially responsible for that check and balance of the actual cost of everything.
- It indexes the award amount to the California Consumer Price Index. Grant B recipients.
- It indexes the award amount to the California Consumer Price Index and replaces the current fixed cap
- Many Enough funds to experience those parts of my college experience.
Summary:
The Senate Education Committee heard several bills related to school nutrition, campus safety, college financial aid, and UC contracting ethics. SB 1058 by Senator McNerney would remove price as the primary factor in school nutrition procurement grants, allowing districts more flexibility to prioritize quality, local sourcing, cultural responsiveness, and healthier meals. Supporters from school nutrition and education groups said it would help districts better serve students and local farmers without increasing state costs. After questions about vendor selection and safeguards against favoritism, the bill was moved do pass and later approved 7-0.
SB 1140 by Senator Ashby, sponsored by the California Federation of Teachers, would require school safety plans to address access control during construction, maintenance, and repair projects. Supporters said the bill closes a gap that can leave gates or doors unsecured and could help prevent unauthorized access to campuses. There was no opposition, and the committee approved the bill unanimously. SB 959 was also taken up on consent and passed.
SB 1006 by Senator Padilla would raise the Cal Grant B Access Award and tie future increases to inflation using the California Consumer Price Index. Supporters said the current award has lost most of its value and does not cover basic needs like housing, food, transportation, and books, affecting hundreds of thousands of students. Members discussed the fiscal impact and the need to keep aid aligned with rising costs; the bill was moved forward and later approved 7-0. SB 1141 by Senator Wahab would bar UC contracts with businesses that pay UC executives or where executives serve in paid roles, aiming to prevent conflicts of interest. UC and the Chamber of Commerce opposed the bill as too broad and potentially disruptive to operations, while supporters argued existing rules are insufficient because many contracting decisions happen outside public view. After extended debate over recusal, transparency, and the scope of the restrictions, the committee passed the bill 4-2 and then finalized all bills on the agenda before adjourning.
LA
Transcript Highlights:
- Tourism is funded exclusively by a dedication of three one-hundredths of a cent of sales tax, and the
- compensation fund to provide relative to public retirement systems.
- Members, this is dealing with the Judicial Compensation Fund.
- We put an amendment on committee that deals with allowing the fund to reimburse the Supreme Court for
- The bill also would create a Workforce Instructor Capacity Investment Fund, and that fund would allow
Bills:
SR130 , SR131 , SR132 , SR133 , SCR74 , SCR12 , HB582 , HB221 , HCR74 , HCR58 , HB71 , HB79 , HB158 , HB160 , HB169 , HB227 , HB251 , HB289 , HB330 , HB394 , HB410 , HB429 , HB769 , HB1017 , HB1234 , HB712 , SCR3 , SB54 , SB72 , SB129 , SB164 , SB232 , SB287 , SB322 , SB374 , SB375 , SB386 , SB409 , SB447 , SB458 , SB78 , SB112 , SB124 , SB125 , SB174 , SB190 , SB201 , SB208 , SB236 , SB273 , SB307 , SB347 , SB357 , SB385 , SB387 , SB393 , SB401 , SB415 , SB426 , SB435 , SB487 , SB488 , SB523 , SB222 , SCR9 , SCR58 , SB480 , SB514 , SB35 , SB65 , SB215 , SB246 , SB249 , SB269 , SB282 , SB296 , SB323 , SB363 , SB369 , SB474 , SB490 , SB492 , SB500 , HCR31 , HCR47 , HB362 , HB363 , HB368 , HB377 , HB380 , HB382 , HB386 , HB392 , HB406 , HB431 , HB441 , HB466 , HB503 , HB533 , HB559 , HB575 , HB590 , HB593 , HB618 , HB655 , HB664 , HB685 , HB692 , HB707 , HB715 , HB732 , HB738 , HB741 , HB748 , HB776 , HB807 , HB822 , HB856 , HB860 , HB868 , HB887 , HB888 , HB905 , HB908 , HB961 , HB980 , HB990 , HB992 , HB999 , HB1000 , HB1010 , HB1146 , HB1157 , HB1233 , HB1243 , HB54 , HB137 , HB180 , HB192 , HB310 , HB321 , HB396 , HB512 , HB552 , HB578 , HB638 , HB663 , HB708 , HB717 , HB718 , HB1009 , HB1082 , HB1104 , HB1107 , HB1198 , HB1246 , HB27 , HB143 , HB205 , HB259 , HB267 , HB288 , HB308 , HB403 , HB405 , HB414 , HB417 , HB478 , HB546 , HB548 , HB555 , HB557 , HB609 , HB670 , HB672 , HB740 , HB779 , HB786 , HB796 , HB812 , HB848 , HB915 , HB917 , HB921 , HB930 , HB933 , HB1095 , HB1096 , HB1103 , HB1129 , HB1154 , HB1166 , HB1187 , HB1195 , HB1230 , HB316 , HB511 , HB514 , HB799 , HB1039 , HB17 , HB36 , HB41 , HB47 , HB73 , HB126 , HB133 , HB140 , HB159 , HB166 , HB211 , HB226 , HB271 , HB324 , HB337 , HB351 , HB399 , HB571 , HB723 , HB726 , HB750 , HB759 , HB844 , HB966 , HB1006 , HB1018 , HB1036 , SB29 , SB42 , SB43 , SB217 , SB274 , SB300 , SB379 , SB382 , SB441 , SB449 , HB134 , HB258 , HB359 , HB782 , SB149
Keywords:
E. Joseph Savoie, Dr. Savoie, University of Louisiana at Lafayette, UL Lafayette, higher education, Louisiana Board of Regents, commissioner of higher education, president emeritus, Carnegie R1, research university, student financial aid, needs-based aid, community and technical college system, teacher education, hurricane Katrina, hurricane Rita, retirement resolution, commendation, senate resolution, public service
Summary:
The Senate convened with 29 members present, opened with prayer by Oren Connor, the Pledge of Allegiance, and a musical performance by the Chuck Wagon Gang. The chamber also recognized several guests and observances, including birthdays for Senators Seabaugh, Fesi, and Price, White Coat Wednesday participants, Tourism Day, the Louisiana Oil Marketers Association, Chenault International Airport’s 40th anniversary, and visiting fair queens from Washington and Tangipahoa parishes. The Senate dispensed with reading the journal and received numerous House and Senate messages, committee reports, and resolutions.
Several Senate resolutions were taken up and adopted, including commendations for Isaac Herzenberg, condolences for Kathleen Sessomson and former Senator Louis Lambert Jr., recognition of White Coat Wednesday and Tourism Day, and a study resolution on transfer-on-death and payable-on-death accounts. The Senate also adopted a conference committee report on House Bill 782, which concerned vapor and alternative nicotine products and was described as giving the state more tools to combat illegal vapes. A number of Senate bills returned from the House with amendments were either concurred in or rejected, including SB 54, SB 72, SB 129, SB 164, SB 232, SB 287, SB 374, SB 375, SB 386, SB 409, SB 112, SB 124, SB 125, SB 174, SB 190, SB 207, SB 236, SB 307, SB 357, SB 385, SB 387, SB 458, SB 477, SB 590, SB 593, SB 618, SB 655, SB 692, SB 707, SB 732, SB 738, SB 748, SB 776, SB 807, SB 860, SB 868, SB 887, SB 888, SB 905, and SB 961, with votes generally passing by wide margins.
The chamber also considered several House bills on final passage. Among those approved were measures on local security districts, budget review authority, school activity access for virtual students, electronic bid forms, brake equipment and trailer safety, construction management at risk contracts, temporary registration plates, the Louisiana Maritime Academy name change, OMV fee and ID issues, ferry operations, group purchasing for local governments, the Green Envelope Program for drivers with disabilities, OMV field office fees, LED fee updates, port development priorities, workforce instructor capacity, and a campus disciplinary process bill tied to hazing prevention. Some House bills were passed after amendments, while others were passed over or rejected for later conference, including bills on virtual school participation, historic preservation, civil service, suicide prevention, local government training, and economic development districts. The Senate also rejected House amendments on SB 78 and SB 208, and rejected amendments on SB 387, sending those matters toward further negotiation.
MN
Transcript Highlights:
- The minimum student aid index is 500, the federal FAFSA simplification law.
- The minimum student aid index is500.
- </c> really one bucket to start pulling funds really one bucket to start pulling funds from.<00:19:55.120
- </c><00:21:30.720><c> the</c> parameters in law and fully fund the parameters in law and fully fund the
- We're already to continue funding.
Committee:
Senate Higher Education
CA
Transcript Highlights:
- And so inside of the RFP process and inside of Fund 13, which is our Nutrition Services Fund, we are
- It indexes the award amount to the California Consumer Price Index.
- It indexes the award amount to the California Consumer Price Index and replaces the current fixed cap
- Many Enough funds to experience those parts of my college experience.
- Cal Grant B being indexed to inflation would significantly benefit hundreds of thousands of students
Committee:
Senate Education
OK
Oklahoma 2026 Regular Session
Senate Legislative Session Feb 17th, 2026 at 01:30 pm
Oklahoma Senate Floor Meeting
Transcript Highlights:
- We are creating the funds so the department has the ability to be flexible and administer it best for
Bills:
SB843 , SB1733 , SB1476 , SB1237 , SB1410 , SB1894 , SB1272 , SB1204 , SB1721 , SB1725 , SB1735 , SB1337 , SB1339 , SB1461 , SB1975 , SB1450 , SB1458 , SB1232 , SB1238 , SB1325 , SB1209 , SB1362 , SB2072 , SB1451 , SB1540 , SB1581 , SB1535 , SB1266 , SB1927 , SB1460 , SB2084 , SB2182 , SB392 , SB985 , SB1265 , SB1283 , SB1441 , SB1307 , SB1425 , SB1826 , SB1365 , SB1696 , SB1870 , SB1722 , SB1639 , SB715 , SB716 , SB182 , SB609 , SB169 , SB134 , SB1611 , SB432 , SB1407 , SB2039 , SB1356 , SB1288 , SB2019 , SB1705 , SB1878 , SB2118
Keywords:
school boards, educational governance, conflict of interest, employee relations, Oklahoma statutes, child abuse, reporting requirements, sexual misconduct, law enforcement, school personnel, confidentiality, student safety, land office, land exchange, investment, education funding, real estate management, Teachers' Bill of Rights, education, teachers' rights
OK
Oklahoma 2026 Regular Session
Senate Legislative Session Feb 17th, 2026
Oklahoma Senate Floor Meeting
Transcript Highlights:
- We are creating the fund so the department has the ability to be flexible.
- We are creating the fund so the department has the ability to be flexible and administer it best for
Bills:
SB843 , SB1733 , SB1476 , SB1237 , SB1410 , SB1894 , SB1272 , SB1204 , SB1721 , SB1725 , SB1735 , SB1337 , SB1339 , SB1461 , SB1975 , SB1450 , SB1458 , SB1232 , SB1238 , SB1325 , SB1209 , SB1362 , SB2072 , SB1451 , SB1540 , SB1581 , SB1535 , SB1266 , SB1927 , SB1460 , SB2084 , SB2182 , SB392 , SB985 , SB1265 , SB1283 , SB1441 , SB1307 , SB1425 , SB1826 , SB1365 , SB1696 , SB1870 , SB1722 , SB1639 , SB715 , SB716 , SB182 , SB609 , SB169 , SB134 , SB1611 , SB432 , SB1407 , SB2039 , SB1356 , SB1288 , SB2019 , SB1705 , SB1878 , SB2118
Keywords:
school boards, educational governance, conflict of interest, employee relations, Oklahoma statutes, child abuse, reporting requirements, sexual misconduct, law enforcement, school personnel, confidentiality, student safety, land office, land exchange, investment, education funding, real estate management, Teachers' Bill of Rights, education, teachers' rights
Summary:
The Senate convened with a quorum, opened with prayer, and recognized the Doctor of the Day, Dr. Rachel Franklin, along with several student pages and visiting groups in the galleries, including Catholic home educators, Leadership Moore, and ALS advocates. The ALS introduction highlighted the disease’s effects and the need for awareness and support.
The chamber then took up several bills. Senate Bill 392 reestablished the Oklahoma Strategic Military Planning Commission through 2030 to support military installations and related planning, and it passed 47-0 with emergency status. Senate Bill 985 codified the local food for schools program and gave the Department of Agriculture, Food, and Forestry more flexibility to administer it; members discussed its benefits for school nutrition and local producers, and it also passed 47-0. Senate Bill 1265 extended the deadline for municipalities to publish ordinances from 15 to 30 days due to the decline of daily and weekly newspapers, and it passed 47-0.
Senate Bill 1283 updated probate law so out-of-state executors, administrators, or guardians must appoint an agent in Oklahoma rather than in the county where the case is heard, and it passed 47-0. Senate Bill 1441 made it unlawful to knowingly fly a drone over critical infrastructure below 400 feet or into the structure, with penalties aligned to physical trespass, and it also passed 47-0. The Senate then made several committee and devotional announcements before adjourning until Wednesday, February 18, 2026, at 1:30 p.m.
CA
California 2025-2026 Regular Session
Assembly Judiciary Committee May 6th, 2025
Transcript Highlights:
- Allison Adi, on behalf of the Personal Insurance Federation of California, the National Association of Mutual
- It goes into a fund, and then if a consumer—because, you know, $12,500, but you might have been injured
- What about a fund that the consumer could then make a claim against for its damages?
- Dangerously hot days where the heat index reaches 100 degrees are expected to double statewide by 2050
- Commercial leases are business-to-business agreements between parties negotiating and working together for mutual
Summary:
The committee heard testimony on several bills. AB 416 would allow emergency room physicians to initiate 5150 mental health holds, with supporters saying it would reduce emergency room bottlenecks and speed care for patients in crisis. County and behavioral health representatives opposed the bill, and some members raised broader concerns about the 5150 system and juvenile placements. The bill was ultimately approved on a do-pass as amended vote.
AB 446, the Surveillance Pricing Act, drew extensive testimony. The author and supporters argued it would prohibit businesses from using personal data to charge different prices for the same product or service, describing the practice as discriminatory and exploitative. Business and industry groups opposed the bill, warning that its language was too broad, could affect discounts and loyalty programs, and would create litigation risk through a private right of action. After discussion about enforcement and possible amendments, the bill passed on a do-pass motion.
AB 632 would give local governments a faster way to collect penalties for serious code violations, including unsafe housing, fire hazards, and illegal cannabis activity, by allowing certain fines to become money judgments and clarifying lien authority. It had support from county and city groups and no opposition was voiced in the hearing; the bill passed as amended. ACA 7, a constitutional amendment intended to clarify and limit misuse of Section 31A, also moved forward after brief support testimony. The committee then took up AB 649, which would extend protections for businesses that proactively obtain certified access specialist inspections and fix accessibility violations; the author, a small business owner, and others testified in support, while disability rights groups moved to neutral after amendments. Members discussed the balance between access enforcement and reducing predatory litigation, and the bill was still under consideration as the transcript ended.
NY
New York 2025-2026 Regular Session
2026 Joint Budget Subcommittee on Education - 03/18/2026
Transcript Highlights:
- housing instability, and removing the cap on the pupil need — excuse me — the pupil need index.
- are getting the funding for their libraries, as they have not received any increase since 2007.
- are getting the funding for their libraries, as they have not received any increase since 2007.
- When we talk to our constituents and talk about education, we want you to fund it.
- We want you to fund it at high levels sometimes.
Summary:
The Education Budget Conference Joint Committee met on March 18 to begin negotiations on the state education budget. Co-chairs Senator Shelley Mayer and Assembly Member Benedetto outlined their chambers’ priorities, with the Senate emphasizing Foundation Aid changes to better support students experiencing homelessness or foster care, English language learners, a minimum 2% increase for all districts, expanded universal pre-K, and continued support for special education programs and nonpublic schools. The Assembly highlighted its one-house proposal, including a $1.4 billion increase in Foundation Aid, a higher ELL and pupil needs weighting, a new weight for students in foster care or housing instability, removal of the pupil needs cap, $600 million for New York City class size reduction, additional community schools funding, and restorations or increases for libraries, teacher resource centers, 4201 schools, My Brother’s Keeper, and educational television and radio.
Members from both chambers offered opening remarks stressing education as a top budget priority and expressing confidence that a compromise could be reached. Senator Tedisco focused on school safety and bullying, arguing that parents should be notified when their children are bullied and citing the need to protect students’ ability to learn. Assembly Member Vanel emphasized education as a tool for economic mobility and called for stronger financial literacy instruction. Assembly Member Carroll supported funding for libraries and evidence-based reading programs, while Assembly Member Smith said the Foundation Aid formula remains outdated and urged more support for English language learners, special education, and community schools. Assembly Member Chludzinski stressed local control, criticized the electric school bus mandate, and called for greater support for libraries and fiscal restraint.
No votes were taken. The meeting was an opening conference session, with both sides stating their intent to continue negotiations and work toward an on-time budget that reflects shared priorities for students, schools, and libraries across New York State.
CA
California 2025-2026 Regular Session
Assembly Health Committee Mar 18th, 2025
Transcript Highlights:
- And we check it by the air quality index, which really measures ozone.
- You know, I think the air quality index, right, it doesn't measure everything.
- So you can feel good if the air quality index is good, you're looking good.
- So you can feel good if the air quality index is good, you're looking good.
- And usually the air quality index will go up when there's dust-ups.
Summary:
The Assembly Health Committee held an informational hearing on the health impacts of wildfires and the effects on health care systems and access to care. The first panel focused on public health consequences, with testimony from UCLA and UCSF physicians, a community organizer, and an Altadena recovery leader. Witnesses described acute and long-term physical harms from wildfire smoke and ash, including asthma and COPD exacerbations, cardiovascular and stroke risks, pregnancy impacts, infection risk, and possible added hazards from lithium-ion battery fires. They also emphasized mental health effects such as anxiety, depression, PTSD, “firebrain,” and the need for psychological first aid, trauma-informed community networks, and youth-focused resilience programs. Community advocates stressed that Latine, Indigenous, undocumented, and Black communities face disproportionate harm because of language barriers, unsafe work conditions, lack of insurance, and exclusion from disaster aid, and they called for stronger language access, worker protections, permanent disaster relief, and better outreach.
Committee members asked about air monitoring, masks, wind events, lithium-ion batteries, and how to reach communities with translation and emergency information. Panelists said AQI is useful but incomplete, that N95s help for smoke but P100 masks are needed for ash/asbestos exposure, and that communities should be warned to stay indoors and avoid windy dust-ups after fires. They also discussed the importance of building relationships during non-emergency periods, using text alerts and trusted community organizations, and providing culturally and linguistically appropriate information. Several members and witnesses highlighted the need for more research on long-term health effects, especially for people with chronic lung disease, workers who cannot stay indoors, and residents exposed to repeated disasters.
The second panel addressed health care system response and access to care. DHCS and DMHC described emergency flexibilities used during the Southern California fires, including federal waivers, extended Medi-Cal renewal deadlines, reinstated coverage for some disenrolled members, suspension of prior authorization and prescription refill barriers, out-of-network access at in-network cost-sharing, and communication through websites, toll-free numbers, and social media. Hospital and community health center leaders described major operational strain: emergency room surges, canceled surgeries, dialysis disruptions, staff displacement, temporary housing needs, and financial losses. Huntington Health and AltaMed reported using incident command systems, temporary care spaces, bilingual and culturally tailored services, mobile clinics, infection control measures, and community health workers to keep care going. Members and witnesses also discussed the need for better disaster staffing pools, more flexible facility rules, stronger mental health coverage, child care planning, and statewide coordination for future emergencies; no formal votes were taken.
NM
Transcript Highlights:
- The index maximum... The first thing that changes is the stipend structure.
- One is indexing the stipends that residents receive to minimum level one teacher salaries.
- I know some of the issues that are going on with this funding, and I'm committed.
- added for big capital projects is that other fund that's already there.
- CTE and fund all kinds of other nonrecurring costs if we choose to.
Committee:
Senate House Education
Keywords:
teacher residency, Teacher Residency Act, public schools, teacher preparation, educator pipeline, teacher recruitment, teacher retention, student teachers, apprenticeship, co-teaching, mentor teachers, residency stipend, teacher salary, level one teacher, charter schools, school districts, New Mexico education, teacher workforce, principal stipend, cohort model
Summary:
The Senate Education Committee began with announcements about likely upcoming meetings and a reminder that public testimony could be limited if bills drew large crowds. Members also introduced student shadows and briefly recognized them. The committee then took up House Bill 30, which would revise the Teacher Residency Act to strengthen teacher recruitment and retention by tying resident stipends more closely to minimum level-one teacher salaries, increasing support for residents who already hold bachelor’s degrees, and giving residents more flexibility to complete their service in any public school rather than only the sponsoring district. The sponsor and supporters from educator preparation programs, unions, and advocacy groups said the bill would make residency programs more sustainable, help rural districts, and improve teacher preparation. The bill received support from the Public Education Department and several education organizations, and the committee voted due pass.
The committee next heard House Bill 120, as amended, which would clarify and limit the use of restraint and seclusion in schools. The sponsor explained that the bill came from a task force and is intended to clarify existing law rather than create a new mandate, with clearer definitions, stronger documentation, family notification, and limits on dangerous practices such as prone, mechanical, or chemical restraint. Supporters included PED, the special education ombuds office, disability rights advocates, teachers’ unions, parents, and civil rights groups, who emphasized student safety, trauma prevention, and better training for staff. One opposition witness from the school superintendents’ association argued the bill could add burdens and that more time was needed to implement current law. Committee members raised concerns about protecting teachers and aides during violent incidents; sponsors responded that the bill is meant to give staff clearer guidance and emergency-response tools, not replace disciplinary procedures. The committee voted due pass.
House Joint Resolution 1, a constitutional amendment to create nominating commissions for university regents, was then presented. The sponsor said the goal is to reduce purely political appointments by having nonpartisan commissions recommend regent candidates, while also changing how student regents are selected so students have a direct voice rather than the university president choosing the student regent. AFT New Mexico supported the measure, citing concerns about donor or insider appointments and backing student representation. Committee members questioned how many commissions would be created, who would appoint their members, and how many names would be sent to the governor; the sponsor said those details would be set later in enabling legislation. The committee approved the resolution on a due pass vote, sending it onward in the process.
The committee also quickly passed Senate Bill 306, which would align state higher education accreditation language with federal terminology by removing the distinction between regionally and non-regionally accredited institutions and changing reporting and fee requirements for smaller private institutions. Finally, Senate Bill 210, an appropriation for athletic and related facilities at New Mexico Highlands University, drew the most debate. Supporters said the university’s athletic facilities are outdated and inadequate, especially for women’s soccer and track, and that the project would help student-athletes and Title IX compliance. Committee members questioned the $80 million request, noting that only $3 million was currently in the budget for the three Division II schools and expressing concern about priorities amid other education funding needs. The sponsor and university president said the project could be phased and that private fundraising is also being pursued. Despite reservations and some no votes, the committee ultimately voted due pass. The chair closed by reminding members to plan on meeting Monday at 9 a.m. and said the committee was adjourned.
KY
Kentucky 2025 Regular Session
Public Pension Oversight Board (8-26-25)
Transcript Highlights:
- five funds that we have, are well funded.
- , 122% funded.
- a fund with a fund that's actually have a fund with a fund that's actually<00:58:16.319><c> had</c><
- </c> funded as of June 30th, 2024. funded as of June 30th, 2024.
- That's the funded ratio. And you line. That's the funded ratio.
Summary:
The meeting opened with a quorum call, the Pledge of Allegiance, a prayer, and approval of the prior meeting minutes. The first presentation was from Bo Craycraft of the Judicial Form Retirement System, who gave an update on investment performance, asset allocation, cash flow, and projected employer costs. He reported strong fiscal year 2025 investment results, with both the legislative and judicial retirement plans outperforming their actuarial assumed rates of return and benchmarks, driven largely by U.S. equity performance. He also noted the plans remained near their target asset allocation and continued to experience negative cash flow, though he said that was manageable in context of strong asset growth.
Craycraft then discussed a recent experience study and actuarial assumption changes, especially a revised salary growth assumption and a higher cash balance interest credit rate. He said these changes increased projected employer costs, with contributions rising from about $700,000 to a projected $2 million in later years, though he expected the eventual 2025 valuation and investment gains to reduce that estimate. Members asked about mortality assumptions, the impact of the experience study on liabilities, and the sharp increase in the judicial plan’s projected employer cost. Craycraft explained that the increase was driven mainly by the updated assumptions and that no other major plan changes were involved.
At the chair’s request, Craycraft also addressed the recent rise in Medicare Advantage premiums for the plan’s health coverage, saying the 2025 increase was largely tied to Part D changes and the Inflation Reduction Act and had been about 45%, but that future growth was expected to be under 5%. After his presentation, the committee moved to the Kentucky Public Pensions Authority update, where the next speaker began by saying the funds had exceeded actuarial assumed returns for the fiscal year.
NH
New Hampshire 2025 Regular Session
Committee of Conference on HB 1, HB 2 (06/18/2025)
Transcript Highlights:
- </c> general funds. general funds.
- . funds. funds.
- </c> the general fund, education trust fund. the general fund, education trust fund.
- </c> general fund. general fund.
- funds and funded the transfer of liquor funds and funded the program<06:46:57.200><c> funded</c><06:
Summary:
The committee of conference for HB 1 and HB 2 reviewed the side-by-side budget comparison and began working through agreed and disputed items. Members first confirmed that grayed-out items were already settled and discussed a process for making later technical and intent changes, especially to true up abolished positions after additional decisions were made. They then moved through several budget sections, including judicial branch reductions, retirement systems, the Department of Justice, the Human Rights Commission, liquor enforcement, corrections, and the Department of Information Technology.
Several items were agreed to or treated as settled package items, including the judicial branch position, the Department of Justice reduction, the Human Rights Commission item being held until related HB 2 language is finalized, the Housing Appeals Board being moved into the Board of Tax and Land Appeals, and the Office of Child Advocate. The committee also agreed to update the House bill language as needed based on HB 2 decisions, and to keep certain IT support rows in place unless related boards and commissions are eliminated. The effective date remained July 1, 2025, with no change.
The main unresolved discussion centered on the retirement systems budget, where the Senate defended a large increase for deferred IT security and investment-function improvements, while the House argued the increase was too large and favored a back-of-the-budget cut. The Senate said the funds would support strategic IT and investment changes and would remain in the trust if cut, while the House emphasized the size of the increase and suggested a compromise. The committee ultimately retained the Senate position on retirement systems for the moment and said it would return to the issue later.
On corrections and liquor enforcement, the committee described a negotiated back-of-the-budget cut structure, including a $10 million cut for corrections with some restoration of POS offices and administrative aides, and a liquor enforcement cut that was treated as part of a broader package. The Department of Safety item related to commercial enforcement and motor vehicle inspections was held for later discussion. The meeting ended with several items agreed, several held for coordination with HB 2, and some major budget questions still open.
KY
Kentucky 2025 Regular Session
Consensus Forecasting Group (12-16-25)
Transcript Highlights:
- </c><00:41:58.160><c> growth</c> quarter in uh general fund growth quarter in uh general fund growth
- . index. index.
- This is the change in that index.
- That's the road fund forecast. what we have for the um uh road fund what we have for the um uh road fund
- Uh you know we we we general fund.
Summary:
The meeting focused on reaching consensus on official Kentucky revenue estimates for fiscal years 2026 through 2028, using updated S&P Global economic forecasts compared with the September presentation. Staff explained that the updated forecast relied partly on alternative data because of the federal government shutdown, and they walked through changes in national and Kentucky economic assumptions across control, optimistic, and pessimistic scenarios. The control forecast was described as slightly more optimistic in the near term but more cautious in fiscal 2027 and 2028, with GDP growth revised up for the current year and down somewhat in the outer years. The pessimistic scenario now assumed a two-quarter recession beginning in the current quarter, while the optimistic scenario was given a higher probability weight than before.
The presenters highlighted several Kentucky-relevant variables that changed since September, including weaker manufacturing employment, weaker housing starts, weaker consumer sentiment, and lower expected non-farm employment in fiscal 2026. At the same time, wage and salary disbursements were revised upward in fiscal 2027, reflecting higher disposable income from tax changes, and real consumer spending was expected to be stronger in the near term. They also discussed assumptions about tariffs, business profits, the Federal Reserve, unemployment, oil prices, retail sales, vehicle sales, exports, and consumer sentiment, noting that some indicators were little changed while others shifted materially. Consumer sentiment was attributed to affordability concerns, tariff impacts, and a general sense of malaise, but was expected to improve in later years from a low base.
Members asked follow-up questions about why the forecast worsened in later years and about the consumer sentiment assumptions. Staff responded that the forecast assumed larger take-home pay and refunds from tax withholding changes, along with some easing of tariff effects, which they believed would help offset a negative wealth effect from stock market declines. They also noted that S&P Global’s December forecast, which had already been published, was essentially consistent with the presentation and that the firm believed its earlier assumptions had tracked recent data well. No vote or final action was recorded in the portion provided, but the discussion was aimed at settling the revenue estimates that will underpin the upcoming branch budget bills.
TX
Texas 89th Regular
Trade, Workforce & Economic Development Apr 2nd, 2025
Trade, Workforce & Economic Development
Transcript Highlights:
- Implementing indexing is projected to increase the Texas unemployment fund considerably, ensuring greater
- They have seen workers returning to work more quickly on average than non-indexing states.
- Um, on the trust fund today, TWC just skewed. I'm trying not to be rude, but please, you know...
- So today the trust fund is in good health.
- When we are insolvent or need funds, we've seen the state step in and fund. We've seen us borrow.
Bills:
HB 112 , HB199 , HB621 , HB1349 , HB2214 , HB3466 , HB3698 , HB3699 , HCR9 , HB112 , HB199 , HCR9
Keywords:
science park district, economic development, technology innovation, higher education collaboration, infrastructure development, Texas Economic Development Office, workforce development, unemployment benefits, state average unemployment rate, benefit year, economic support, Texas Workforce Commission, property owners' association, free speech, assembly rights, government officials, political candidates, floodplain, landlord, tenant
CA
California 2025-2026 Regular Session
Senate Budget and Fiscal Review Subcommittee No. 1 on Education Apr 9th, 2026
Transcript Highlights:
- First, we don't see an immediate need for this funding, as the existing special fund loan that it took
- More broadly, we see drawbacks to shifting these costs from the special fund to the General Fund.
- It has... structural deficit, as using general fund for this purpose would leave less funding available
- This amount is the scholarship's base funding level and does not represent a reduction in funding for
- it to the Consumer Price Index.
Summary:
The Senate Budget Subcommittee on Education heard updates on higher education issues, beginning with California State University’s turnaround plans for seven campuses with enrollment declines. CSU said overall enrollment is growing systemwide, but some campuses, especially in Northern California, face structural declines tied to demographics and community college pipelines. The plans focus on reengaging stopped-out and adult learners, expanding partnerships and guaranteed admissions, improving retention and student support, and reducing costs through program suspensions, hiring freezes, shared services, and procurement consolidation. The Legislative Analyst’s Office said the strategies were reasonable but urged regular legislative updates, and the Department of Finance had no additional comments. Committee members emphasized the need for implementation oversight, written updates, and attention to student outreach, financial aid, and privacy concerns around AI tools used in recruitment.
The committee then reviewed the Bureau for Private Postsecondary Education’s request for a $10 million General Fund appropriation to repay litigation-related borrowing. Department of Consumer Affairs and bureau staff said the bureau has a long-standing structural deficit, has already cut positions and shifted some costs, and that the General Fund backfill would reduce future fee increases on institutions. The LAO opposed the request, arguing the bureau can cover near-term costs with its existing loan and that litigation costs should remain the responsibility of the regulated entities through fees. Finance supported the one-time backfill as a unique situation that would lower fee increases and avoid passing litigation costs on to schools and students. Members asked about preventing a repeat of the problem, and bureau staff said they are pursuing fee increases through the sunset review and have strengthened internal policies and disability accommodation practices.
The subcommittee also heard a broad update on Cal Grant funding and student aid. The California Student Aid Commission, UC, CSU, and the community colleges described Cal Grant as essential to affordability, but the LAO noted spending has grown faster than historical averages and said the state likely lacks capacity for major expansion in the near term. The segments highlighted the importance of state aid in covering tuition and living costs, and raised concerns about federal changes to student loans and Pell Grants, especially the elimination of Grad PLUS for some graduate students and limits on part-time borrowing. Committee members pressed for data on students who are eligible but not served by current Cal Grant rules, including adult learners and students affected by age and merit restrictions, and asked for analysis of phased-in implementation of the Cal Grant Equity Framework. Finance said full implementation would cost hundreds of millions of dollars and that affordability remains part of the state’s multi-year compact with the segments.
Finally, the committee began discussion of the Middle Class Scholarship Program. CSAC and the UC and CSU said the program is a key part of affordability and debt reduction, especially after the 2022 reforms that expanded awards to total cost of attendance and improved administration. They warned that cutting funding by more than half would reduce award coverage from 35% to 17.5% of cost of attendance and could affect enrollment and persistence, particularly for middle-income students who do not qualify for other need-based aid. The segments also noted that recent administrative changes have reduced award revisions and campus workload, but that data exchange and award volatility remain challenges.