Transcript Highlights:

• This will read, 'An amount of stock may be reported by the value of shares.'
• This will read an amount<01:27:16.560><c> of</c><01:27:16.719><c> stock</c><01:27:17.040><c> may</c><
• c> be</c><01:27:17.520><c> reported</c><01:27:18.320><c> by</c><01:27:18.800><c> the</c> amount of stock
• may be reported by the amount of stock may be reported by the value<01:27:19.280><c> of</c><01:27:19.520

Bills: SB2543 , SB2014 , SB2115 , SB3095 , SB3264 , SB2114 , SB2117 , SB2246 , SB2519 , SB3055 , SB3131 , SB3144

Committee: House Labor

Keywords: state construction, construction manager, design review, public works, capital improvement, DAGS, Department of Accounting and General Services, DOE, Department of Education, comptroller, pilot program, design review special fund, county permit review, accessibility compliance, Disability and Communication Access Board, state infrastructure, government construction, project oversight, civil service exemption, county agencies

Transcript Highlights:

• On the other hand, the state's revenue gains are building mainly on a very strong stock market and a
• number of tech companies that are leading developments in artificial intelligence. ...and those gains, stock
• That was something informed by our forecast of the economy and the stock market.
• November, you know, that was something that was informed, you know, by our forecast of the economy, the stock

Summary: The subcommittee opened with remarks on the state budget and K-12 education, noting the large increase in the Proposition 98 minimum guarantee, the use of deferrals and reserves in the prior budget, and the challenge of balancing education funding against other state priorities. Superintendent Tony Thurmond described California education as improving overall, citing gains in test scores, graduation, and college readiness, but said major gaps remain for low-income students, students of color, agricultural communities, English learners, foster youth, and students with disabilities. He praised recent investments in universal meals, transitional kindergarten, community schools, arts, broadband, and special education, while warning that declining enrollment, chronic absenteeism, and the proposed $5.6 billion Prop. 98 settle-up create uncertainty for districts. He also urged a long-term literacy plan, expanded tutoring, universal kindergarten, and continued protections for students and families affected by immigration enforcement, including ICE-related fear and attendance loss. The committee then heard a detailed presentation on Proposition 98 from the Department of Finance and the Legislative Analyst’s Office. Finance explained that the Governor’s budget projects the minimum guarantee will rise by about $21.7 billion over three years, with a $5.6 billion settle-up obligation in 2025-26 intended to avoid overappropriation if revenues weaken. Finance also described revised reserve deposits and withdrawals, ending with about $4.1 billion in the Public School System Stabilization Account by 2026-27. The LAO said recent revenue collections were stronger than expected in the current year but warned that the outlook for 2026-27 is weaker and that stock-market-driven revenues remain volatile. The LAO supported maintaining reserves and one-time spending buffers, but recommended fully funding the guarantee and using other budget solutions rather than shifting the settle-up into future deficits. Members asked about the settle-up process, certification timeline, the effect of attendance declines tied to immigration enforcement, and wildfire-related impacts, including Pasadena Unified’s $4 million special appropriation. On LCFF and necessary small schools, Finance proposed a 2.41% COLA and about $2.2 billion in additional LCFF funding for districts and charters in 2026-27, plus a $30.7 million ongoing increase to raise the necessary small schools allowance by 20%. The LAO supported funding the COLA but said the small-school increase was not tied to a specific cost study and could be redesigned to better target small districts, noting that only a fraction of very small districts would benefit. Questions focused on how small schools access supplemental and concentration grants and how attendance recovery programs are being implemented. The Department of Education said only 130 LEAs had reported attendance recovery so far, likely because it is a new program with compliance requirements, though interest appears to be growing. FICMAT then reviewed the fiscal health of local districts, reporting an uptick in qualified and negative certifications, though still far below Great Recession levels. It said declining enrollment, rising special education costs, and higher labor and insurance costs are the biggest fiscal pressures, and that some districts are using fiscal stabilization plans and staff reductions ahead of second interim reports. FICMAT also discussed wildfire impacts on Pasadena Unified and Los Angeles Unified, explaining that Pasadena’s $4 million state appropriation was based on an early post-fire assessment and that the district is being monitored with the county office of education. Members raised concerns about Pasadena’s leadership, special education staffing shortages, AB 218 sexual abuse litigation costs, insurance premium increases, and the need for stronger prevention and training measures. FICMAT said SB 848 and related policies address some of those concerns by strengthening standards, training, and reporting requirements.

Transcript Highlights:

• The wealthiest people earn from investments in stocks rather than working.
• The wealthiest people earn from investments in stocks rather than working.
• And so we can have, like during the pandemic, we can have the stock market growing a large budget without
• And so we can have, like during the pandemic, we can have the stock market growing a large budget without

Committee: Senate Labor, Public Employment and Retirement

Summary: The Senate Labor and Public Employment Committee held an oversight hearing on federal policy impacts on California’s labor market. In opening remarks, the chair argued that federal actions, including immigration enforcement, tariffs, and cuts to safety-net programs, are harming workers, employers, and communities, and said the committee wanted to document impacts and identify state responses. The first panel featured economist Enrique Lopez Lira of UC Berkeley, who described slow job growth, wage pressures, high housing and care costs, and the large share of California workers in low-wage jobs. He said federal cuts to Medi-Cal and SNAP/CalFresh and increased immigration enforcement would worsen insecurity, especially in health care, retail, hospitality, agriculture, and care work. The chair asked about recession indicators, middle-wage stagnation, and which sectors rely most on safety-net programs, and Lopez Lira said worker organizing and unions were a source of hope. A second panel focused on federal immigration enforcement. UC Merced’s Edward Orozco Flores presented research finding that private-sector employment in enforcement-targeted states fell during escalated enforcement periods, with California experiencing unprecedented declines in 2025. He urged policymakers to consider wage-replacement or stimulus-style support for affected workers, including excluded workers who cannot access unemployment insurance. Shannon Sedgwick of the Los Angeles County Economic Development Corporation said undocumented workers are deeply embedded in the county economy, generating substantial economic activity and supporting over a million jobs. She reported that intensified enforcement in Los Angeles County was associated with business disruptions, reduced sales and customer traffic, workforce instability, lower transit ridership in vulnerable areas, and losses from the downtown curfew. Committee members asked about impacts on small businesses, tax revenue, and recovery, and witnesses pointed to local resiliency funds, business toolkits, and know-your-rights efforts as partial responses. The hearing then heard from worker representatives. Flore Melendres of the Clean Car Wash Worker Center said car washes have been heavily targeted by federal agents, with hundreds of workers taken from workplaces, many businesses disrupted or closed, and workers living in fear; she urged support for AB 2271 to provide financial benefits to families who lost income because of DHS activity. California Nurses Association president Michelle Gutierrez-Vos said H.R. 1’s Medi-Cal and Covered California cuts threaten hospital finances, jobs, and patient care, and she backed CalCare (AB 1900), a hospital closure moratorium, and more support for nursing education. UAW 4811 president Rafael Jaime said federal research cuts are putting UC research funding and postdoctoral jobs at risk and endorsed SB 895, a proposed bond measure for health and scientific research. AFGE representatives Wallace Wade and Kendrick Roberson described the strain on federal workers during shutdowns, unpaid work, staffing losses, and the effects on TSA, Social Security, VA services, and worker housing stability; they supported SB 1155 to protect federal workers from eviction. Committee members thanked the witnesses and said the testimony showed both the human and economic consequences of federal policy. In the final panel, employer groups began responding to the same federal pressures. California Retailers Association president Rachel Michelin said retail is a major private-sector employer and a key entry point for young workers, and that retailers are seeing the effects of rising costs, supply-chain shifts, and consumer pressure at the checkout counter. The hearing continued with additional employer testimony beyond the provided excerpt.

Transcript Highlights:

• That money could help pay monthly household bills completely and on time, stock pantries, refrigerators
• </c><00:08:45.360><c> stock</c> bills completely and on time. stock bills completely and on time. stock

Keywords: 1183, house

Transcript Highlights:

• I would also like to address the idea that retailers will simply adjust what they stock in their stores
• Our shelves are stocked with processed foods. Um, and this isn't about restricting freedom.
• Because construction timing right now with tariffs, shipping delays, um, items being backlogged, out of stock
• One girl right now is one of them, she's a, uh, she works for Schwab handling stock trades.

Bills: HB 2510 , HB 3589 , HB 4611 , HB 4655 , HB 4665 , HB 4666 , HB 4670 , HB 4700 , HB 4730 , HB 4798 , HB 4838 , HB 5136 , HB 5243 , HB 5302 , HB 5539

Committee: House Human Services

Keywords: assisted living, healthcare, licensing, criminal offense, personal assistance, group home, regulation, health and safety, inspections, resident care, criminal background checks, adoption, parental rights, registry, vital statistics, disclosure, counseling, foster care, independent living, financial literacy

Transcript Highlights:

• I would also like to address the idea that retailers will simply adjust what they stock in their stores
• Our shelves are stocked with processed foods, and this isn't about restricting freedom; it's about ensuring
• because construction timing right now with tariff shifts, delays, items being backlogged, and out of stock
• Right now, one of them works for Schwab handling stock trades.

Bills: HB2510 , HB3589 , HB4611 , HB4655 , HB4665 , HB4666 , HB4670 , HB4700 , HB4730 , HB4798 , HB4838 , HB5136 , HB5243 , HB5302 , HB5539

Committee: House Human Services

Keywords: assisted living, healthcare, licensing, criminal offense, personal assistance, group home, regulation, health and safety, inspections, resident care, criminal background checks, adoption, parental rights, registry, vital statistics, disclosure, counseling, foster care, independent living, financial literacy

Transcript Highlights:

• investors and not chase them away to build and to support the building industry and to get that building stock
• </c> building industry and to get that building industry and to get that building<00:38:38.160><c> stock
• done</c><00:38:39.040><c> whether</c><00:38:39.359><c> it's</c><00:38:39.599><c> for</c> building stock
• done whether it's for building stock done whether it's for rentals<00:38:40.720><c> or</c><00:38:41.040

Committee: Senate Commerce and Consumer Protection

Keywords: 912, senate, all

Summary: The Senate Committee on Commerce and Consumer Protection held a confirmation hearing on a long list of nominees to state boards and commissions. Early nominees included David Padilla to the State Boxing Commission, Steven Pine to the Board of Dentistry, Deborah McMmen to the Board of Acupuncture, Tiffany Lyn Hmel and Gabriel Aay to the Board of Veterinary Medicine, Nathan Eslin to the Cable Advisory Committee, John Takitani and Tony Lao to the Board of Professional Engineers, Architects, Surveyors and Landscape Architects, John Arbles to the State Board of Public Accountancy, and later nominees to the Board of Psychology, Board of Pharmacy, Hawaii Medical Board, Board of Speech Pathology and Audiology, Board of Chiropractic, Board of Physical Therapy, Board of Private Detectives and Guards, and the Real Estate Commission. Most nominations were for terms expiring in 2027, 2028, or 2029, with one Real Estate Commission term expiring in 2026. Testimony was overwhelmingly in support. DCCA and the relevant boards or commissions generally stood on written testimony supporting each nominee, and many individual supporters also testified, including professional associations, industry representatives, and community members. Several nominees briefly addressed the committee, expressing appreciation and interest in continuing or beginning service. The committee asked a few questions on some nominations, especially about the Real Estate Commission and the Board of Private Detectives and Guards, where members discussed condominium-related complaints, association practices, and whether the board could do more to assist security personnel; the nominee said staffing and authority limits constrained additional training or oversight. For the Real Estate Commission, members also asked about broader housing and market conditions, and the nominee said inventory shortages and housing supply issues remained a major concern. No opposition testimony or contentious votes were described in the transcript. The chair repeatedly asked whether there were questions or additional testimony, and after each nominee the committee generally moved on without objection. The hearing was focused on receiving testimony and evaluating the nominees for later confirmation rather than taking final action during the meeting.

Transcript Highlights:

• People were buying stock on October 23rd, 1929. People were buying houses in 2007.
• are that are difficult people were that are that are difficult people were buying<00:20:40.159><c> stock
• <c> October</c><00:20:41.039><c> 23rd</c><00:20:42.000><c> 1929</c><00:20:43.000><c> uh</c> buying stock
• on October 23rd 1929 uh buying stock on October 23rd 1929 uh people<00:20:43.280><c> were</c><00:20:

Bills: HF4 , HF173

Committee: House Taxes

Keywords: tax relief fund, budget surplus, surplus revenue, tax rebate, tax refund, one-time refund, income tax, property tax, constitutional amendment, Minnesota Constitution, general fund, budget reserve, taxpayer relief, state surplus, fiscal forecast, wealthy taxpayers, high-income exclusion, 2026 ballot, referendum, surplus distribution

Transcript Highlights:

• goal here is that we have golf courses, lodges, and different entities and venues that need to have stock

Bills: SB1365 , SB2139

Committee: House Government Oversight

Keywords: SB1365, Oklahoma Central Purchasing Act, procurement exemption, competitive bidding, state purchasing, Oklahoma Tourism and Recreation Department, tourism department, merchandise for resale, gift shops, lodges, golf pro shops, state parks, restaurant contracting, retail outlets, public procurement, purchasing flexibility, Title 74, emergency clause, restrictive covenants, discriminatory covenants

Transcript Highlights:

• It could be just a difference in stock options.
• >> I do. >> You mentioned stock options, but this is for businesses with as little as four employees,
• and that's a small business to me, not somebody giving out stock options.
• And it could be stock options, it could be free meals for dishwashers. It doesn't matter.
• And it could be stock options, it could be free meals for dishwashers. It doesn't matter.

Keywords: 993, senate, all

Summary: The Senate convened, approved the prior journal, and then processed a series of motions to discharge bills from committees and substitute identical Senate bills, which were so ordered. Several bills were also recalled from the Assembly, had reconsideration votes taken, and were restored to the third reading calendar after receiving 58 ayes. Amendments were received on a number of bills, and those measures retained their place on the calendar. The main business of the day was Privileged Resolution 2318, sponsored by Leader Stewart-Cousins, honoring Senator Michael Gianaris with the President Pro Tempore and Senate Majority Leader’s Legislative Legacy Award. The resolution and floor remarks reviewed his long career in the Assembly and Senate, his role as Deputy Majority Leader and floor leader, and his work on housing, criminal justice, voting rights, labor, environmental, consumer, transit, animal welfare, and other major legislation. Members from both parties spoke at length, praising his strategic skill, mentorship, humor, and influence, while also noting his support for younger members and his commitment to family. Several senators described personal experiences showing Gianaris’s mentorship and political guidance, and many referenced his Greek American identity, Queens roots, and interests such as Star Wars and the Mets. Senators also emphasized that he was leaving on his own terms to spend more time with his wife and daughters. The resolution was adopted with broad support, and Gianaris then spoke in response, reflecting on nearly 30 years in state government, the major laws passed during his tenure, and the relationships he built in the chamber.

Transcript Highlights:

• I get one walking in and they want to pay someone to stock the shelves. Not a high-IQ job.
• Not a high-responsibility job. $20 an hour to stock shelves.
• I get one walking in and they want to pay someone to stock the shelves. Not a high-IQ job.
• Not a high-responsibility job. $20 an hour to stock shelves.
• That's all I have to say. $20 an hour to stock shelves. $20 an hour to stock shelves.

Committee: House Labor, Industrial and Rehabilitative Services

Keywords: 1189, house, all

Transcript Highlights:

• of people now, you can't have over that amount of people in this house, that restricts our housing stock
• and our ability to have an open housing stock for what would take five houses now takes 10, because
• That restricts our housing stock house.
• That restricts our housing stock and<01:45:00.639><c> our</c><01:45:00.800><c> ability</c><01:45:01.840
• for what would take five houses stock for what would take five houses now<01:45:06.960><c> takes</c>

Keywords: 1189, house, all

Transcript Highlights:

• If we invested that same $6.5 million in the stock market, a strong year might return about 10%.
• If we invested that same $6.5 million in the stock market, a strong year might return about 10%.

Committee: Senate Director Nominations

Keywords: 1182, all

Transcript Highlights:

• local option sales tax for affordable housing, known as $1590, for rehabilitation of existing housing stock
• This change unlocks additional funding for preservation of our affordable housing stock, which is key

Summary: House Finance met on February 26 and heard several tax and housing-related bills. Substitute Senate Bill 6343 would extend the deadline to apply for a property tax exemption for improvements to single-family homes damaged by natural disasters, with sponsors citing recent flooding and the need to help displaced homeowners in multiple counties. Local officials from Kent and Algona testified in support, describing flood damage and ongoing recovery needs. The bill was heard but no vote was taken. Senate Bill 6347 would roll back the higher estate tax rates enacted in 2025, while leaving the higher exemption amount in place. Committee staff said the bill would reduce revenue to the Education Legacy Trust account by about $44.8 million starting in fiscal year 2027 and about $389.9 million over the 2027-29 biennium. Supporters argued the higher rates could harm family businesses and encourage wealthy residents to leave; opponents said the bill would mainly benefit very large estates and would worsen budget pressures by reducing funds for education and child care. Public testimony was mixed, and the bill was heard without action. The committee also heard Senate Bill 6244, which would extend a hazardous substance tax exemption for agricultural crop protection products stored in Washington for out-of-state sale until 2038. The sponsor and a logistics witness said the exemption helps farmers get products faster, supports regional distribution, and improves competitiveness; staff said the revenue impact would be small. Finally, Senate Bill 6114 would define “fixture” and “affixed” for real estate excise tax purposes to make tax treatment of attached property clearer, and Senate Bill 6027 would broaden allowable uses of several local affordable housing funding sources, including rehabilitation and operations of existing housing, rental assistance in some counties, and expanded uses for Affordable Housing for All grants. Both of those bills drew support from state and local housing officials and advocates, and the committee adjourned after the hearings with no recorded votes.

Transcript Highlights:

• will highlight the importance of Arizona's six fish hatcheries and how they will play the role in stocking
• fish each year, including the Apache trout, Gila trout, and the round-tailed chub, which are then stocked

Summary: The House convened with prayer, the Pledge of Allegiance, approval of the prior journal, and recognition of the Doctor of the Day and several guests and community groups, including correctional officer Jacob Polanco, Pima Community Land Trust representatives, student interns, and Arizona PTA members. Members also adopted a proclamation recognizing Kosovo’s Independence Day in Arizona, with remarks highlighting the Kosovo American community’s contributions to the state. The chamber then moved into Committee of the Whole on a calendar of bills and resolutions. HB 2307 and HB 2758 were considered first; HB 2307 received committee amendments and was recommended do pass, while HB 2758 drew extensive debate over groundwater transport in La Paz County. Supporters argued the measure preserved a transportation-basin framework and added protections, while opponents warned it would facilitate water export for private investors and harm rural residents. After a division and recorded vote, HB 2758 failed to receive a due-pass recommendation. The House also considered HCR 2003, a referral related to transgender athletes in sports, where supporters framed it as a fairness and women’s sports issue and opponents argued it targeted a small population and should be left to athletic associations; it received a due-pass recommendation. HCR 2047 and HCR 2002, both relating to Judea and Samaria, also received due-pass recommendations after remarks citing biblical and historical references. After the Committee of the Whole report was adopted, the House referred the approved measures to engrossing and noted HB 2758 failed. The chamber then took up third-reading votes on several bills, passing HB 251, HB 262, HB 272, HB 296, and HB 2459, with brief explanations on some votes, including support for a Buffalo Soldiers monument, AHCCCS-related changes, water infrastructure authority, and mobile home park utility billing protections. The House also heard personal privilege remarks and announcements, including comments on antisemitism after vandalism at a University of Arizona campus center, a request to wear pink or green in support of a murder victim’s mother testifying on a bill, tributes to Jesse Jackson and Bishop Peter Bowie, and committee meeting notices before adjourning until February 18, 2026.

Transcript Highlights:

• will highlight the importance of Arizona's six fish hatcheries and how they will play a role in stocking
• fish each year, including the Apache trout, Gila trout, and the round-tailed chub, which are then stocked

Keywords: 1182, all

Transcript Highlights:

• for Humanity are a great example of doing more for less and meaningfully contributing to the housing stock
• He spent his childhood in a small Toronto mining town in Canada, helping to stock the shelves at his

Keywords: 987, senate, all

Transcript Highlights:

• The 15 days or so that they actually, the prosecutors asked to have this, you know, held in stock.
• The police department has to have this held in stock.

Bills: SB5906 , SJM8014 , SB6087 , SB5520 , SB6017 , SB5890 , SB6239 , SB5886 , SB6190 , SGA9255 , SGA9256 , SGA9271 , SGA9272

Committee: Senate Law & Justice

Keywords: data protection, personal safety, public accommodation, Washington residents, privacy, crime investigation, violent death, Aysenur Ezgi Eygi, state inquiry, public safety, children's items, donations, charitable donations, nonprofit, religious organization, public health agency, liability shield, gross negligence, intentional misconduct, car seats

Transcript Highlights:

• Today, California's reliance on unstable stock markets driven by revenue has limited our ability to sustain
• California's reliance on unstable stock markets driven by revenue has limited our ability to sustain

Keywords: 987, senate, all

Transcript Highlights:

• yesterday where the return on investment within the state college system is twice what it is in the stock
• farms... where the return on investment within the state college system is twice what it is in the stock

Committee: Senate Appropriations Committee on Higher Education

Summary: The Appropriations Committee on Higher Education met to consider a slate of trustee confirmations for several Florida state colleges and universities. Chair Harrell outlined the process, including swearing in nominees, allowing brief presentations and questions, taking public comment after each nominee, and voting on the full slate at the end unless a member was pulled for separate consideration. One nominee, Edward Fleming, was not heard and was deferred to a future meeting. The committee also dealt with several technical issues for remote participants before proceeding through the agenda. Nominees and reappointees emphasized their personal ties to their institutions and focused their remarks on workforce development, affordability, and partnerships with local employers. Several highlighted nursing and allied health programs, with committee members repeatedly asking about NCLEX pass rates; reported figures included Polk State at 100%, Lake-Sumter at 97.5%, Northwest Florida State at 100%, Daytona State at 95%, Pasco-Hernando at 97% for associate degree and 100% for practical nursing, Pensacola State at 90% practical nursing and 85% RN, and Hillsborough College at 87.5%. Other priorities mentioned included construction technology, agriculture and ag technology, surveying/geodetic programs, maritime and diesel mechanics, aircraft maintenance, dual enrollment, AI, cybersecurity, and support for military and veteran transitions. After hearing from all nominees, the committee asked whether any names should be voted on separately; none were requested. Senator Bradley moved a block vote to recommend confirmation, the motion was approved by roll call, and all nominees heard that day were recommended for confirmation except Tab 10, Edward Fleming, who was postponed to a later meeting. The committee then adjourned.