Video & Transcript : 'retirement plans' :

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TX

Texas 89th Regular

Public Education Mar 6th, 2025

Public Education

Transcript Highlights:
  • Retired teachers would receive less in benefits or teachers will have to pay in more.
  • LBB. wrote this but lbb and trs to understand the implications and the impact back to our teacher retirement
  • have to I guess we could put the money in through TRS, but I would like to understand if there is a plan
  • for that. this and what that plan is.
  • Thank you. timer due to the fact that I've retired.
Bills: HB2, HB2
AL

Alabama 2026 Regular Session

Alabama Senate Finance and Taxation Education Committee Mar 11th, 2026

Finance and Taxation Education

Transcript Highlights:
  • That's the plan right now.
  • You dumped the retired dumped us? You dumped the retired people. people. people.
  • Who's the um retire? healthcare? Who's the um retire?
  • This is going just to the retiree back to retirement, back to just RSA retirement.
  • The retirement pay. What happens?
Bills: SB344, SB344
WA

Washington 2025-2026 Regular Session

Senate Ways & Means Jan 19th, 2026

Transcript Highlights:
  • We are hoping, planning on our ECAP expansion... child care aware.
  • Specifically, this... legislative audit and review committee or JLARC work plans.
  • I'm a retired nurse who chose to live in Anacortes.
  • savings products such as annuities and other employee retirement plans.
  • Would you be willing to send that other employee retirement plans.
Summary: The Ways and Means Committee held a public hearing on nine bills. Senate Bill 5872 would create the Pre-K Promise Account to receive philanthropic donations for ECAP preschool slots; supporters, including DCYF, the governor’s office, and early learning advocates, said it would help expand access to high-quality pre-K with a 10-year Ballmer Group commitment for up to 10,000 new seats annually. Senators asked how the money would flow, and staff and witnesses explained it would be governed by an MOU and deposited annually; no vote was taken. Senate Bill 5879 would eliminate two JLARC studies, one on lodging tax reporting and one on training benefits; supporters said the reports were duplicative and burdensome, while the hospitality industry warned against losing transparency, and no action was taken. Senate Bill 6047 would permanently codify various capital budget administration rules, including minor works flexibility and early learning grant changes; testimony focused on technical cleanup and on provisions affecting co-located child care and community projects, with no vote taken. Senate Bill 5988 would authorize the Department of Health to charge fees for accrediting opioid treatment programs, with support from DOH and tribal/nontribal providers who want the state to continue providing the service; no vote was taken. Senate Bill 5923 would allow Island Hospital in Skagit County to qualify as a critical access hospital, with local hospital leaders and residents supporting the measure to improve reimbursement and sustain rural care; no vote was taken. Senate Bill 5832 would raise the Lemon Law arbitration fee from $3 to $6 to fund the Attorney General’s consumer protection work, and the AG’s office, dealers, and the sponsor said the program is effective and underfunded; no vote was taken. Senate Bill 5970 would make permanent the property tax exemption for multipurpose senior citizen centers, with AARP supporting the bill as a benefit to seniors and caregivers; no vote was taken. Senate Bill 5994 would preserve timber tax distributions for school districts that recently had qualifying levies, and forest industry witnesses supported the bill while suggesting a possible amendment for state forest transfer lands; no vote was taken. Senate Bill 5949 would narrow the B&O tax exemption for insurance-related businesses so it applies only to the entity paying the insurance premiums tax, retroactive to 2019; the Department of Revenue and bill supporters argued it restores tax equity, while insurers, health plans, and business groups opposed it as retroactive, ambiguous, and likely to raise premiums. The committee heard extensive testimony on that bill, but the transcript ends with adjournment and no recorded vote or executive action.
LA

Louisiana 2026 Regular Session

Appropriations Apr 13th, 2026

Appropriations

Transcript Highlights:
  • . ...pay above the parish average wage and offer a basic health benefit plan. $46.8 million to LED for
  • systems instead of splitting the... ...between the four state retirement systems.
  • This plan will entirely pay off the LASERS I-UAL, the unfunded accrued liability that can be traced back
  • "In addition to the retirement payment, the proposed amendment includes the following, which amounts
  • There is a $1,561,161 rate reduction in LASERS, and a $65,765 decrease in pensions for retired judges
VA

Virginia 2026 Regular Session

March 09, 2026 - Regular Session

Virginia House Floor Meeting

Transcript Highlights:
  • All persons not entitled to privileges of the floor, please retire to the gallery.
  • Heartbreakingly, she passed away before they could see through their post-retirement plans together.
  • And true to his word, he retired after the 2025 session.
  • In retirement, Claude has kept busy.
  • We have been planning desserts for a while, Mr.
MO

Missouri 2026 Regular Session

2026 Legislative Session - Day Seventy - Thursday, May 14 - Morning Session

Missouri House Floor Meeting

Transcript Highlights:
  • That's not something that the retirement systems have to do.
  • plans if we were not addressing the fiduciary concern here.
  • plans if we were not addressing the fiduciary concern here.
  • If someone, you can work 35 years, you have to retire at 60.
  • You can work to a certain age and then you had to retire.
Keywords: 959, house, all
HI

Hawaii 2026 Regular Session

AEN Public Hearing 03-04-2026

Agriculture and Environment

Transcript Highlights:
  • I understand you need a lot more work since you're now retired.
  • </c><00:03:21.760><c> So,</c> since you're now retired. So, since you're now retired.
  • </c> that was a plan. that was a plan.
  • And do we have contingency plans?
  • Do we And do we have contingency plans?
Keywords: 912, senate, all
Summary: The committee heard gubernatorial nominations for the Advisory Committee on Pesticides and the Board of Agriculture and Biosecurity. For GM 615, Matthew Liam was nominated to the Advisory Committee on Pesticides. The Department of Agriculture and Biosecurity, CGAPS, and the Hawaii Farm Bureau testified in strong support, citing his landscape industry leadership, pesticide training background, and prior service. Members asked about his experience in Australia and his approach to restricted-use pesticides; he said he avoided using restricted-use pesticides in his landscaping business but applied related safety and recordkeeping practices. Testimony was unanimous in support, with no opposition or comments. For GM 616, N. Young was nominated to the Board of Agriculture and Biosecurity. Support testimony from the Department of Agriculture and Biosecurity, Hawaii Farm Bureau, and Hawaii Cattlemen's Council highlighted his experience with Lanai agriculture, Sensei, the Food Basket, Pacific Gateway Center, Kamehameha Schools, and institutional purchasing. In response to questions, he discussed balancing public and private funding, the need for adequate capitalization of agricultural projects, and using financial tools to help farmers and accelerate agricultural income streams. He also said the board should focus on making agricultural land productive and strengthening food security. The nomination drew strong support, with no opposition or comments. For GM 617, Jason Moniz was nominated to the Board of Agriculture and Biosecurity. The Department of Agriculture and Biosecurity, Hawaii Farm Bureau, and Hawaii Cattlemen's Council supported him, emphasizing his decades of veterinary and animal disease control experience, ranching background, and knowledge of biosecurity, leases, and livestock issues. Moniz said his priorities would be preserving agricultural land and water resources, improving biosecurity, supporting farmers and ranchers, and increasing food production in Hawaii. He also said he would be willing to speak up for agriculture and not let the department be sidelined. The nomination received 29 written and oral supports, with no opposition or comments.
WY

Wyoming 2026 Regular Session

Senate Floor Session-Day 13, February 24, 2026-PM

Wyoming Senate Floor Meeting

Transcript Highlights:
  • </c> >> Senator Larson. >> Madame Chairwoman, uh I move House Bill 34 to firefighters retirement plans
  • </c><00:32:23.760><c> It</c><00:32:24.000><c> gives</c> enforcement retirement plan.
  • It gives enforcement retirement plan.
  • </c><00:32:53.279><c> So,</c> Guard firefighter retirement plan.
  • So, Guard firefighter retirement plan.
Keywords: 916, all
AZ

Arizona 2026 Regular Session

02/23/2026 - House Appropriations

House Appropriations Committee of Reference

Transcript Highlights:
  • This subject of this bill, how does that affect the state health plan? So, Mr.
  • Health plans are just administering.
  • ASRS member who retains a normal retirement date and elects to...
  • ASRS member who retains a normal retirement date and elects to retire without terminating employment
  • I have used Planned Parenthood.
Summary: The committee first took up a discussion-only strike-everything amendment to HB 2211, which would make it unprofessional conduct for certain health care providers to submit offers in independent dispute resolution above 300% of Medicare or the qualified payment amount. The chair said he was not ready to move the bill because more stakeholder meetings were needed. Testimony split between insurers, who said a small number of providers were abusing the No Surprises Act and driving up costs, and provider representatives, who argued the proposal would improperly cap rates, relied on opaque insurer-set QPAs, and could threaten licensure in a billing dispute. No vote was taken on HB 2211. The committee then considered HB 4028 on accessory dwelling units. The bill would remove the 1,000-square-foot cap, change setback rules, bar municipalities from requiring an administrative use permit and certain elevation criteria, and extend the deadline for cities to adopt ADU regulations. The sponsor argued it would give homeowners more flexibility and help address housing affordability, while cities, neighborhood groups, and residents warned it would allow oversized ADUs, reduce local control, create density and safety concerns, and invite investor-driven development. After extensive debate, the committee voted 8-9 with one present, and HB 4028 failed. Next, the committee heard HB 2620, as amended, which appropriates $300,000 annually for five years from the General Fund to the Department of Veterans’ Services for grants to emergency shelters. An amendment removed age and non-congregate-setting conditions for eligibility. The sponsor and a shelter provider said the funding would help shelters better serve homeless veterans and connect them to services. The committee adopted the amendment and then passed HB 2620 on a 17-0 vote with one member not voting. The committee then considered HB 2960, as amended, which creates a veterans specialty court grant program and a dedicated fund to support local veterans treatment courts. An amendment shifted administration of the fund to the Office of the Courts and allowed support for expansion of existing programs. The sponsor, a Lake Havasu judge, and a veteran graduate testified that veterans courts reduce recidivism and save lives by linking veterans to treatment and support. The bill was still being taken up when the transcript ended, with testimony continuing from supporters including a veterans shelter founder.
MN

Minnesota 2025-2026 Regular Session

House Veterans and Military Affairs Division 3/26/25

Veterans and Military Affairs Division

Transcript Highlights:
  • He explained that the blended retirement system is a defined benefit and defined contribution plan, like
  • </c> the thrift savings plan uh over time. the thrift savings plan uh over time.
  • I know the PDM rate is substantial in the planning for these.
  • I know the PDM rate is substantial in the planning for these.
  • And that retirement point adds up.
Keywords: 1183, house
CA
Transcript Highlights:
  • We also have a looming threat of a 38% increase in Fair Plan premiums.
  • We also have a looming threat of a 38% increase in Fair Plan premiums in 2026.
  • Retired seniors do not qualify and are treated differently than the child tax credit.
  • Increasingly, retired seniors are finding themselves financially responsible for dependents.
  • This is a concern, and many are doing so on a fixed income from retirement and Social Security.
Summary: The committee heard and advanced several tax and revenue measures, beginning with SB 1329 on solar property tax assessment. The author and solar industry witnesses argued the bill would create a uniform statewide method, provide certainty for developers, and exclude tax credits and other intangibles from valuation; county assessors and several counties opposed it, saying it would reduce assessed value and depart from market-based appraisal. The bill was moved to Appropriations on a 2-0 vote and placed on call. The committee also heard SB 1406 to close the “Montana tax loophole” used to avoid California vehicle taxes, with support from the California Teachers Association and no registered opposition; it passed 2-0 and was placed on call. SB 984, conforming California law to the federal tipped-income deduction, drew support from the restaurant industry, Howard Jarvis Taxpayers Association, and enrolled agents, and passed 3-0 to Appropriations, on call. Later, the committee considered wildfire- and energy-related tax credits. SB 1084 would create a fire-safe home tax credit for home hardening and defensible space improvements; supporters said it would reduce wildfire losses and insurance costs, and it passed 3-0 on call. SB 1118 would provide credits for backup generators and solar battery systems in high fire-threat areas; the author framed it as a resilience measure for households and small businesses, but members raised concerns about cost, diesel use, and whether the credit would reach lower-income households. The bill was moved 1-0 and placed on call, with the chair and other members noting unresolved budget and policy concerns. SB 1424, expanding a partial sales tax exemption to zero-emission vehicle refueling equipment, received support from hydrogen and electric transportation groups and passed 4-0 on call. The committee also advanced SB 1249, a senior tax deduction for taxpayers ages 86 to 90, with support from LeadingAge California and senior advocates; members noted it was narrowly targeted and passed 4-0 on call. SB 1113, conforming California tax law to the federal tonnage tax regime for U.S.-flag international shipping companies, drew support from maritime industry groups and opposition from ILWU over the fiscal impact; it passed 4-0 on call. SB 1137, the Medical Expense Deduction Act, would allow a targeted deduction for medical expenses for lower-income taxpayers; supporters said it would help families facing high out-of-pocket costs, and it passed 4-0 on call. Finally, SB 1415 would extend a partial welfare property tax exemption to mixed-income housing that includes moderate-income units; supporters said it would help finance “missing middle” housing, while assessors and housing stakeholders requested amendments and guardrails. The bill was also moved forward on a committee vote and placed on call.
CA

California 2025-2026 Regular Session

Senate Revenue and Taxation Committee May 6th, 2026

Revenue and Taxation

Transcript Highlights:
  • We also have a looming threat of a 38% increase in Fair Plan premiums in 2026.
  • We also have a looming threat of a 38% increase in Fair Plan premiums in 2026.
  • And whatever relief we can provide to the Fair Plan by getting folks back into the regular market for
  • Retired seniors do not qualify in the existing tax treatment like the child tax credit.
  • This is a concern, and many are doing so on a fixed income from retirement and Social Security.
Keywords: 987, senate, all
NH
Transcript Highlights:
  • </c><00:39:03.720><c> And</c> improve those retirement uh, plans.
  • And improve those retirement uh, plans.
  • Yes, I have a question about the creation of a new group in the retirement plan.
  • Yes, I have a question about the creation of a new group in the retirement plan.
  • </c> the state puts into their retirement the state puts into their retirement plan<00:47:01.200><c>
Keywords: 928, house, all
Summary: The meeting was a House budget briefing focused on the overall state budget and the first of three divisions. The presenter reviewed the size and structure of the budget, noting that the state had eliminated the interest and dividends tax and still balanced the budget. He explained the major spending categories in the general fund and total budget, emphasizing that health and human services and education remain the largest areas, while transportation is largely self-funded. He also walked through the revenue picture, including business taxes, insurance taxes, court fees, communications taxes, and Medicaid recoveries, and said the remaining interest and dividends tax revenue reflected late payments from prior assessments. Members asked about the size of the tax cut from eliminating the interest and dividends tax, federal funding stability, and why Medicaid was being reduced if federal support was expected to remain steady. The response was that the lost revenue would have been about $200 million absent repeal, and that the budget gap was addressed through many small cuts across departments. On federal funds, the presenter said most aid is tied to multi-year grants and that core programs such as Medicare and Medicaid were expected to remain relatively stable, though some federal reductions could occur. He also said some agency reductions came from eliminating long-vacant, funded positions and from expected lapses. The discussion then moved into Division One, which covers smaller and miscellaneous agencies. The division made cuts to the governor’s office, eliminated a temporary position at the Governor’s Commission on Disability, reduced Department of Information Technology spending through a back-of-budget cut, and found savings in Administrative Services. It also delayed maintenance at the Sununu Youth Services Center, stopped advertising for paid family medical leave, changed retiree health insurance funding, and consolidated several personnel-related boards into one. The division eliminated the Commission on Aging and the Office of the Child Advocate, made a temporary special education advocate position permanent, reduced the Secretary of State’s budget, kept municipal rooms-and-meals distributions flat, and made changes to the retirement system, including $55 million to improve Group 2 retirement benefits and a new retirement structure for future state hires. The judicial branch was also asked to find savings and received two additional judges because of expected caseload increases from other eliminations.
NM
Transcript Highlights:
  • This bill basically extends an income tax deduction for first responders on their retirement income,
  • So at some point strategically in the future, are you planning for this? Thank you, Madam Chair.
  • Many of these retirees aren't like the rest of us that like to sit back and enjoy retirement.
  • If we sunset it, you're getting your retirement, you're retired, and also 50% of that isn't taxed.
  • I support first responders at every level, and then I'm also working towards retirement.
Keywords: 996, all
Summary: The House Labor, Veterans, and Military Affairs Committee met with a quorum and heard two bills from Representative Martinez. House Bill 56 would appropriate $1 million to the Department of Veterans Services to expand behavioral health and suicide prevention efforts for veterans. Supporters, including the Greater Albuquerque Chamber of Commerce, the Department of Veterans Services, the Disability Coalition, New Mexico Professional Firefighters, the New Mexico Veterans and Military Families Caucus, and NAMI New Mexico, said the funding would help veterans navigate a difficult system, improve outreach in rural areas, and address New Mexico’s high veteran suicide rate and related alcohol and drug deaths. Committee members asked about whether the program was new or an expansion of an existing effort, how services would be delivered, and whether outreach would reach homeless and rural veterans. The secretary explained that the bill would augment an existing Suicide Prevention Act program, use contracts with outside providers rather than direct services, and require two term employees for contract management and outreach. The committee voted 7-1 to give HB 56 a due pass and send it to the next committee. The committee then heard House Bill 55, which would create an income tax deduction for retirement income earned by first responders, similar to an existing benefit for military retirees. Supporters argued it would help recruit and retain firefighters, law enforcement, and other first responders, and could encourage retirees to move to New Mexico and contribute economically. Several members raised concerns about the fiscal impact, the lack of a sunset, the narrow definition of first responder, and Taxation and Revenue Department concerns that the bill could reduce general fund revenue by about $6.1 million in the first year and might not attract retirees on its own. The sponsor said he had not yet met with Tax and Rev but would do so, and noted he was open to a sunset if it helped the bill move forward. Despite concerns, the committee voted 7-1 to pass HB 55 to the next committee, with members explaining their votes and emphasizing that the bill would receive further vetting in Tax and Revenue.
HI

Hawaii 2025 Regular Session

WAM-PSM, WAM-AEN Informational Briefings 01-07-2025

Hawaii Senate Floor Meeting

Transcript Highlights:
  • Plan to relocate the Maui Community Correctional Center and plan to relocate the Hawaii Community Correctional
  • </c><01:11:07.199><c> Bruce</c> briger General retired Bruce briger General retired Bruce Olivera<01:
  • My concern is where is the enforcement plan? Where is the compliance plan?
  • What's the plan then?
  • We will come back with a plan.
Keywords: 912, senate, all
Summary: The committee heard budget testimony first from the Department of Corrections and Rehabilitation. Director Tommy Johnson outlined short-term goals to reduce overcrowding, improve living and working conditions, fill vacancies, expand mental health services, and update the correctional master plan. He said the department is still dealing with severe overcrowding at facilities such as OCCC and HCCC, with 947 people at OCCC against a design capacity of 628, and noted 938 inmates are currently housed on the mainland because of temporary repairs at Halawa. He also reported progress on staffing, saying the correctional officer vacancy rate has dropped from 34.3% to 24% through expanded recruitment. The department’s major budget request was $30 million for planning and design for a new Old Triple C project, along with other requests for re-entry services, identification documents, security systems, radios, sink-toilet modules, and trauma-informed care. Members asked about the timing and scope of the OCCC project, courtroom space in new facilities, and the department’s plan to use the funding to improve re-entry and reduce recidivism. The committee then heard from the Department of Law Enforcement on a wide range of priorities. The department described requests to expand agricultural crime enforcement, traffic enforcement, illegal fireworks enforcement, and facilities such as a police building at the DKI airport, a state training center, and new police facilities in central and Leeward Oahu. It also discussed a major IT request for a statewide law enforcement and critical infrastructure notification platform, plus funding for grants management, the Wahiawa Civic Center and court complex, the prescription monitoring program, narcotics enforcement operations, and the narcotics lab. A significant portion of the discussion focused on a proposed traffic enforcement program for commercial vehicle inspections, speeding, and DUI enforcement, which the department said would be funded with federal dollars and would operate concurrently with county police. Committee members questioned whether the effort duplicated county jurisdiction and how the program would be trained and staffed. Members also pressed the department on salary disparities for deputy sheriffs and related vacancies, and the department said the administration was working on a supplemental agreement and placeholder funding to address the issue. Additional discussion covered agricultural crime staffing, the Silver Alert program, and expansion of the forensic lab to handle explosives, firearms, and related evidence. No votes were taken in the portion provided, and the meeting moved from the corrections presentation to the law enforcement budget review with questions and answers throughout.
FL

Florida 2025 Regular Session

June 5, 2025 - 02:30 PM

Transcript Highlights:
  • . >> Chair: HOUSE BILL 5017 GRADES THE PROGRAM TO REDUCE THE STATE'S DEBT BY RETIRING BONDS PRIOR TO
  • Driskell: WHAT ARE THE FINANCING COSTS OF THE DEBT THEY ARE RETIRING THROUGH THIS PROGRAM. >> Rep.
  • Driskell: IF WE LEFT THESE FUNDS UNALLOCATED COULD WE MAKE A PROVISION FROM THOSE FUNDS TO RETIRE DEBT
  • APPROPRIATIONS DECISIONS AND AN APPROPRIATION DECISION COULD BE TO SPEND BUT IT ALSO COULD BE TO RETIRE
  • PLAN.
AL

Alabama 2026 Regular Session

Alabama Senate County and Municipal Government Committee Jan 14th, 2026

County and Municipal Government

Transcript Highlights:
  • work for the state after they retire.
  • work for the state after they retire.
  • </c><00:25:33.200><c> police</c> do here is encourage retired police do here is encourage retired police
  • And so, that increases that retire.
  • The longer we uh the retirement system.
NM

New Mexico 2025 Regular Session

Senate Chamber Jan 22nd, 2025

New Mexico Senate Floor Meeting

Transcript Highlights:
  • Reentry Fund, creating the Clinical Supervision Fund, providing a temporary provision for the statewide plan
  • An act relating to educational retirement, making changes to the Educational Retirement Act, clarifying
  • Deposited into the educational retirement fund, clarifying certain terms.
  • Allowing for disclosure of member or retired member information to the Public Employees Retirement Board
  • for insurance policies offered under the Fair Plan Act, prescribing fees, making an appropriation, and
AR

Arkansas 2026 Regular Session

LEGISLATIVE JOINT AUDITING Jun 5th, 2026

LEGISLATIVE JOINT AUDITING

Transcript Highlights:
  • The next five slides provide financial information regarding the state's retirement systems.
  • Not reflected on this slide is the net pension liability related to these retirement plans.
  • The retirement systems had total additions of $4.9 billion, as shown on page 36.
  • The decreases were in the teacher retirement system and the state highway employee retirement system.
  • It's maturing and it's getting better, and, you know, I plan on that.
Keywords: 1204, all
CA
Transcript Highlights:
  • , good news, you don't have to pay taxes on your state, on your military retirement.'
  • I am retired from the United States Army.
  • , good news, you don't have to pay taxes on your state, on your military retirement.
  • I am retired from the United States Army.
  • I'm Steve Vancell, a retired Air Force officer with 30 years of service.
Summary: The Senate Committee on Military and Veterans Affairs met on June 22 with several members initially absent, so the committee began as a subcommittee and later established a quorum. The committee first heard AB 1775, which would provide California support for transgender service members and veterans affected by a federal executive order requiring their separation from service. The author and witnesses described the policy as discriminatory and destabilizing, and supporters from civil rights and LGBTQ+ organizations urged passage. No opposition testimony was offered, and the chair and members expressed support for helping affected veterans with discharge upgrades, housing assistance, and expedited professional licensing. The committee then heard AB 2022, which expands the disabled veterans property tax exemption by creating a full exemption for certain totally disabled veterans meeting income limits and a 50% exemption for others, while preserving existing benefits. The author, a disabled Marine veteran, and multiple veterans’ organizations testified that the measure would help veterans remain in their homes and keep them in California; a Gold Star spouse also spoke in support. The bill was moved on a due pass motion to the Committee on Appropriations, with the roll held open until additional members arrived, and the consent calendar was later approved 4-0. Next, the committee heard AB 2054, which updates the definition of covered active duty for paid family leave purposes so military families can qualify when service members are deployed, activated for emergencies such as wildfires, or sent to extended training. Supporters, including Department of Defense and veterans’ representatives, said the bill reflects modern military service and protects families during disruptions. The committee also heard AB 2531, which would expand an existing uncompensated care grant program so veterans denied abortion care through the federal VA system can access support, and would add abortion resource information to CalVet materials. Support came from Planned Parenthood, the California Medical Association, the Lieutenant Governor’s office, and others; one member of the public raised concerns about coercion but did not clearly oppose the bill. All three bills were advanced on due pass motions to Appropriations, and the meeting adjourned after the final votes.