Transcript Highlights:

• SBA in 2023 had a default rate of 8.1% in 2024, which is more than double the default rate of 7A loans
• Six-year term and a 7.5 interest rate.
• The default rate has almost tripled.
• Delinquency and default rates.
• Our default rate hasn't changed.

Keywords: SBA, 7A loan program, underwriting standards, loan defaults, Community Advantage Program, small business funding, testimony

Summary: The committee meeting focused on discussions regarding the SBA's 7A loan program and its implementation challenges. Members raised significant concerns about recent changes to the underwriting standards, which have been criticized for leading to an increase in loan defaults. Ranking members expressed a desire for a return to stronger guidelines to protect taxpayers and ensure the program remains a viable source for small businesses struggling to secure funding. Testimonies from community lenders highlighted their efforts to support underserved communities and stressed the importance of the Community Advantage Program.

Transcript Highlights:

• based on 2022 costs, only about 82% of actual costs.
• Home care rates, Just one example here, home care rates in particular are, you know, run and developed
• through the Consumer Direct rate-setting board.
• The Consumer Direct rate is a straight labor and administrative rate.
• best rating because then the consumer will choose the one that's got the best rating because, again,

Summary: The committee began with an extended work session on the long-term care workforce. DSHS Assistant Secretary B. Rector described the new Home and Community Living Administration and outlined major workforce pressures: Washington had about 126,000 long-term care workers in 2022, with demand expected to outpace supply as the 85-plus population and dementia prevalence rise sharply. She emphasized that direct care workers are largely women, people of color, and immigrants, and that family caregivers are also a major part of the system. She highlighted recruitment and retention efforts funded through federal Money Follows the Person dollars, including high school training partnerships, a retention toolkit, transportation support, caregiver newsletters, tribal workforce navigators, and a remote caregiving pilot. Committee members asked about career pathways, technology use, and turnover drivers; Rector said wages, benefits, unstable hours, and workplace support are key issues and promised follow-up data. Aidan Swain of the Washington Health Care Association said skilled nursing and assisted living facilities face acute RN vacancies, wage pressures, and Medicaid reimbursement that does not cover costs, and urged modernization of training, better reimbursement, and continued support for facility-based care. Maddie Fouch of SEIU 775, representing about 55,000 caregivers, said low wages, weak benefits, lack of voice, and certification delays are driving turnover and shortages, and argued for higher compensation, better worker protections, and more transparent reimbursement. Catherine Smith of Behavioral Health Solutions described growing behavioral health needs in nursing homes, the role of expanded behavioral supports programs, and credentialing delays that slow hiring. No votes were taken; the panel was informational only. The second agenda item was an overview of the palliative care benefit work group report required by 2024 legislation. Nico Jansen of the Office of the Insurance Commissioner explained that the work group, convened with the Health Care Authority, studied a potential palliative care benefit for fully insured commercial plans and also Medicaid, PEBB, and SEBB. He said palliative care is a philosophy of care focused on symptom management, coordination, and support for serious illness, and is distinct from hospice because it can be provided alongside curative treatment. The actuarial analysis concluded that creating a new benefit would likely increase costs, estimating about a 28-cent per member per month increase overall and roughly $2.6 million to $4.5 million in annual state Medicaid costs if implemented in 2027. Jansen said the consultants did not find sufficient evidence to assume savings from avoided hospitalizations or long-term care, though several work group members disagreed and submitted response letters. Senators asked about other states, Medicare, health homes, and whether more research could clarify cost savings; OIC said some states, including Hawaii, are moving ahead with Medicaid palliative care benefits, Medicare covers some related services but not in the same way, and further evidence may emerge over time. OIC did not take a position on whether the Legislature should create the benefit. The final presentation covered health care price transparency tools in Washington and federally. Evan Klein and HCA Chief Data Officer Vishal Chaudry reviewed federal hospital and health plan transparency rules, the state all-payer claims database, prescription drug price transparency, the Health Care Cost Transparency Board, the Prescription Drug Affordability Board, and other reporting systems. They explained that the APCD contains claims from fully insured commercial plans, Medicaid, and public employee programs, but not self-insured employer data except for limited voluntary submissions. They also described how machine-readable files, consumer price tools, and aggregated dashboards are used, and noted that data limitations, delays, and complexity remain significant. Senators asked about voluntary self-insured participation, the role of AI in making data more usable, and whether transparency can really help consumers given access barriers and medical debt. HCA said AI is increasingly used by private entities to mine large transparency datasets, but state agencies still face limits in data access and analytic capacity. The committee did not take action; the session was informational and ended with a discussion of how transparency data might better inform policy and purchasing decisions in the future.

Transcript Highlights:

• So it's all variable based on what we know, and that's based on what we saw in last year's forecast.
• base ultimately.
• And they announced just about a month ago that they're going to lower their base rates because of data
• They have frozen rates for three years and now they will lower rates after that three year freeze because
• or rate cost allocation constructs.

Summary: The Committee on State Affairs convened to discuss data centers and their impact on Texas's energy infrastructure. The meeting featured testimony from key representatives of the Public Utility Commission (PUC) and ERCOT, who outlined the evolving landscape of energy generation and the challenges posed by the rapid growth of data centers. Notably, ERCOT reported over 450,000 MW of generation resources planned for connection, with a significant portion attributed to data centers, which now represent around 87% of new large load interconnection requests. The committee explored proposed changes to the interconnection process, including a new 'batch study' approach aimed at streamlining the approval of multiple projects simultaneously. This change is intended to address the challenges of managing numerous simultaneous requests and to provide more certainty for developers regarding their energy needs. Testimonies emphasized the importance of ensuring that the costs of infrastructure upgrades are borne by the data centers rather than residential ratepayers, with discussions around the financial commitments required from developers. Several data center developers also provided testimony, highlighting the economic benefits of their projects, including job creation and increased local revenues. They expressed concerns about the potential for a moratorium on future growth due to the new interconnection rules and emphasized the need for a collaborative approach to address water usage and environmental impacts. The committee plans to continue discussions on these topics in future hearings, with a focus on balancing economic growth with energy reliability and resource management.

Transcript Highlights:

• So, stool-based screening, colonoscopy after a positive stool-based screening, or risk-based screening
• was related to evidence-based was related to evidence-based programming.<00:45:30.560> How
• <00:45:50.720> only of spending on evidence-based only of spending on evidence-based only
• <00:51:29.680> and answer about higher Medicaid rates and answer about higher Medicaid rates
• <01:03:00.400> as continued increases in these rates as continued increases in these rates

Keywords: 958, all

Summary: The meeting opened with roll call, approval of the September 17 minutes, and an introduction of Sarah Rome to the committee. The chair also noted that the committee would stay on schedule and then moved to presentations. Representative Amy Neighbors and Taylor Williams of the Kentucky Pharmacists Association presented a refiled “pharmacy parity” proposal, formerly House Bill 3, to require Medicaid reimbursement for pharmacist clinical services already authorized under current scope of practice. They said the bill would not expand Medicaid or pharmacist scope, but would align Medicaid with commercial insurance, improve access and outcomes, and likely save money; they cited a Cabinet report under Senate Joint Resolution 26, which found similar laws in other states were producing savings or trending toward savings and would require only modest administrative updates. No member questions were raised after that presentation. The committee then heard an update on the Kentucky Colon Cancer Screening Program from Senator Stephen Meredith, Dr. Whitney Jones, Melissa Carrier, and Representative Neighbors. They described the program’s goals of increasing screening, reducing deaths through earlier detection, and preventing cancers by finding polyps, saying it has produced substantial savings and improved outcomes. Speakers emphasized Kentucky’s high colorectal cancer burden, especially in younger adults, and said the program helps uninsured and underinsured Kentuckians access stool-based screening and follow-up colonoscopies through a network of partners including the Department for Public Health, Kentucky Cancer Link, and university cancer programs. They requested an increase in funding from $500,000 to $1.25 million annually, or $2.5 million over the biennium, to expand services, fill geographic gaps, and support education and navigation. Members asked whether the colon cancer screening was already covered by Medicaid, and the presenters replied that Medicaid does cover it, but the program serves people who are not on Medicaid or who fall into a separate eligibility category based on income and insurance status. A member also clarified the requested funding increase. The committee then moved on to the next agenda item, an update from the Children’s Home of Northern Kentucky, where board member Sal Santoro and CHNK Behavioral Health leaders began a presentation describing the organization’s broader behavioral health work and its request, but the transcript cuts off before that presentation concludes or any action is taken.

Transcript Highlights:

• that base.
• > and additional cost added onto that base and additional cost added onto that base and and<00
• such as that of a weighted of the base such as that of a weighted of the base so<00:18:14.320>
• that base.
• rate was closer to 66 or 67%.

Keywords: 928, house, all

Summary: The hearing focused on HB 563, which would revise the education funding formula for pupils receiving special education services by replacing the current single special education amount with three differentiated categories. Representative Rick Ladd, the prime sponsor, said the bill largely tracks a House-passed version from the prior session with minor figure adjustments, and explained that the proposal uses projected FY26 amounts for three categories based on time in general education versus more intensive placements. He also noted that the bill does not address catastrophic aid directly, but that special education aid, CAT aid, and proration all remain issues for later work sessions. Ladd and supporters argued that weighted categories better reflect actual costs and are more sustainable than treating all IEPs the same. Representative Margaret Drye said the approach was one of the best ideas from the education funding subcommittee and urged the committee to support differentiated aid. Representative Ames asked how the category amounts were derived, and Ladd said Category A follows the FY26 base, Category B is a higher weight, and Category C is a still higher weight for more intensive services, though he acknowledged the exact multipliers were developed earlier and could be revisited. He also said the committee would continue discussing whether the weights are appropriate and how they interact with CAT aid. Testimony from Bonnie Dunham strongly opposed the bill. She argued that funding based on placement rather than actual service need would create incentives to move students into more restrictive settings, could stigmatize children with labels such as "Category C," and would undermine the least restrictive environment requirements under federal special education law. She described her son’s experience in inclusive settings as beneficial and said the bill would have penalized the district for serving him there. In response to questions, she said schools and parents should base funding on the child’s actual needs and costs, not on placement, and urged the committee to recommend the bill inexpedient to legislate.

Transcript Highlights:

• >> Based on their residency. >> Based on their residency.
• We will also be above Massachusetts' rate of 8.0 and Maine's rate of 8.93.
• above Connecticut's rate of 8.25. above Connecticut's rate of 8.25.
• GDP growth rates and it's different GDP growth rates and it's really<01:54:21.920> hard.
• <02:55:55.120> You for our town rate. Now, we love you. You for our town rate.

Keywords: 1189, house, all

Transcript Highlights:

• There are various fee-for-service models available that are results-based.
• We also have these blood-based biomarkers that are coming onto the market.
• Dula Care, a Massachusetts-based 501(c)(3) organization.
• preterm birth rates, and wide and growing birth disparities.
• preterm birth rates, and wide and growing birth disparities. rising C-section and preterm birth rates

Keywords: 995, all

Summary: The Joint Committee on Financial Services held a lengthy public hearing with testimony on a wide range of health insurance and access-to-care bills. Early testimony focused on prescription drug pricing and pharmacy reimbursement, with supporters of H. 1326 arguing that pharmacy benefit managers and MassHealth managed care arrangements reimburse independent pharmacies too little, contributing to pharmacy closures and “pharmacy deserts.” The committee also heard repeated support for H. 1151/S. 742 on cognitive rehabilitation for acquired brain injury, H. 1288/S. 716 on telehealth parity for nutrition counseling, H. 1309/S. 761 on full-spectrum pregnancy care without cost-sharing, H. 1312 on insurance coverage for doula services, H. 309 on prompt access to health care by removing deductibles for certain services, H. 809/H. 1227 on biomarker testing, H. 1162/S. 810 on reducing inequities in access to medical procedures by limiting insurer cuts tied to Modifier 25, and S. 726 on insurance coverage for mobile integrated health. Testifiers included legislators, physicians, pharmacists, dietitians, emergency and rehabilitation clinicians, and patients and family members. Supporters of the brain injury bill said cognitive rehabilitation is medically necessary, improves long-term outcomes, and can reduce institutional care and public costs; they noted the bill has been heard repeatedly and has support from the Brain Injury Commission and prior favorable committee action. Supporters of the pregnancy care and doula bills described out-of-pocket costs as a barrier to maternal health and shared personal stories of high bills and unmet support needs. Biomarker testing advocates and cancer patients said coverage gaps deny patients access to precision treatment, can lead to avoidable suffering, and should be standardized across insurers; several speakers said insurers often deny claims despite clinical benefit. Dermatology witnesses said insurers’ use of Modifier 25 cuts reimbursement for same-day evaluation and procedure visits, forcing separate appointments and increasing patient burden. Mobile integrated health supporters described home-based care as a way to reduce emergency department use and hospital readmissions, especially for patients with transportation or mobility barriers. No votes or formal committee actions were taken during the hearing itself.

Transcript Highlights:

• And we've kind of stayed with that rate since 2017.
• There really hasn't been a whole lot of changes to that rate.
• Based on this year's allocations, what schools would have received for funding based on the free and
• reduced or based on the census-based.
• So that changed from base budget to House and now Senate.

Keywords: 908, all

Summary: The committee met to hear and discuss three education bills and related budget items. House Bill 1214 would revise K-12 transportation funding by replacing the current rider-based formula with a new formula tied more closely to district size, square mileage, building counts, and the weighted student payment. Sponsors and DPI said the change would better reflect actual transportation costs, hold districts harmless overall, and likely increase funding by about $4 million beyond current spending; they also said parent-provided transportation and open-enrollment mileage rules would remain largely unchanged. No opposition was heard, and the committee closed discussion without taking final action in the transcript. The committee then reviewed House Bill 1013, the education appropriations bill, and walked through proposed adjustments to program and pass-through grants. The chair proposed keeping or reducing some items, eliminating others, and moving one-time items to the stabilization fund; examples included leaving free meals at $4.5 million for now, keeping the paraprofessional-to-teacher program, reducing some grant lines, and removing several new or one-time grants. DPI also explained that the student information system would remain a flow-through grant for this biennium but would move in-house after July 1, 2026. The committee also discussed adding an FTE for the School for the Blind and making a small equipment swap at the Center for Distance Education. House Bill 1369 was discussed as the main school aid bill, including a proposed 2 percent and 2 percent per-pupil payment increase, higher construction bidding thresholds, elimination of the 12 percent cap, and a transfer of $75 million from Foundation Aid to the School Construction Revolving Loan Fund, with the chair suggesting $100 million instead. DPI explained that the bill also included a policy change returning placement decisions for students with disabilities in congregate care to the Superintendent of Public Instruction, with support from the governor’s office. The committee heard testimony from school officials seeking gap funding for Title I losses caused by a switch from free-and-reduced-lunch to census-based allocations, saying districts with many open-enrolled students could lose substantial funding and staff positions. Later, the governor’s office presented a proposed $1.5 million one-time appropriation to help schools buy secure storage for student cell phones if a statewide device policy is adopted; members raised concerns about cost, local control, and whether the money would be enough. The committee also heard student testimony and then recessed without voting on the amendment in the transcript.

Transcript Highlights:

• is based on forecast is based on uh<00:05:15.520> the<00:05:15.840> estimated<00:05:16.720
• you're not growing at the best rate you're not growing at the best rate >> then<00:21:40.400
• The base loan will be a 30-year loan with a 1% interest rate.
• The base loan will be a 20-year loan with a 1.75% interest rate.
• <00:48:25.040> of 20-year loan has an interest rate of 20-year loan has an interest rate of

Keywords: 0:00:02 Call to Order and Roll Call 0:00:30 Approval of Minutes 0:00:49 Information Items 0:01:54 Louisville Arena Authority 0:24:50 Project Rpt from Postsecondary Institutions - MSU 0:26:35 Project Rpt from Finance and Admin. Cabinet 0:37:52 Lease Rpt from Finance and Admin. Cabinet 0:40:13 Rpt from OFM – KIA 0:56:00 Rpt from OFM – EDF Grants 0:58:45 Rpt from OFM – OFM 1:01:46 Adjournment, 958, all

Summary: The committee first handled routine business, including a roll call, approval of the prior meeting minutes, and a set of informational reports. Those reports covered University of Louisville research equipment purchases, a Kent County school district debt issue for elementary school renovations, the University of Kentucky’s planned use of construction management risk for a new engineering building, APA certification reports for underwriter and bond counsel selection committees, and a KCNA status report on infrastructure upgrades and purchases. The main presentation was an informational update from the Louisville Arena Authority. Board representatives said the arena was created to drive economic development and reported about $1.4 billion in economic impact from 2010 to 2013. They explained the authority’s financial structure, including arena operating revenues, TIF revenues, debt service, and a long-term capital plan for major repairs and replacements. Members questioned the low net revenue figures, the long timeline before TIF revenues are projected to exceed debt service, the size of capital expenditure spikes, and the University of Louisville revenue-sharing arrangement. The authority said the $2.42 million annual UL payment is fixed under a 2017 refinancing agreement, while other amounts vary with ticket sales and related revenues. They also said the COVID-era state and Metro funds, combined with authority cash, were used to prepay debt and reduce interest, lowering the debt service schedule. The committee then considered and approved a new capital project for a new HVAC system for the student wellness center pool area. The project, presented by university staff, was approved by the board and required committee action. The committee took a roll call vote, and the project passed unanimously. Finally, Janice Thomas of the state budget office presented two tourism, arts, and heritage cabinet grid resilience projects at Kincaid Lake State Resort Park and Kentucky Down Village State Resort Park. Each project costs $7,834,600 and is funded mostly by a federal grid resilience grant, with the remainder from state utility infrastructure replacement funds and energy policy funds. Staff explained that the projects will move park electrical service ownership and maintenance to regional utilities, allowing the state to exit the infrastructure-management role while continuing to pay utility bills through normal metering. The committee approved the action item by voice vote.

Transcript Highlights:

• >> So charges are basically set based on market rate.
• Obviously, we try to get the best rate we can based on the data available to us and the gap we feel like
• Abdman, >> Chair, Representative, we do look at procedure codes based on reimbursement rates that exist
• Abdman, >> Chair, Representative, we do look at procedure codes based on reimbursement rates that exist
• procedure codes based on reimbursement rates<01:45:21.760> that<01:45:22.000> exist<01

Transcript Highlights:

• rate methodology is based on and that rate methodology is based on cost<00:20:32.240> reports
• So the homes starting January 1st are getting rates based on the cost from 2023, but they have these
• Starting January 1st, homes are getting rates based on the cost from 2023, but they have these holidays
• update to the elderly waiver rates update to the elderly waiver rates ensuring<01:04:21.279>
• Community Based Community Based Services<01:04:24.359> the<01:04:24.480> long-term

Bills: HF1419, HF500

Keywords: nursing facilities, reimbursement rates, elderly care, minimum wage, healthcare funding, nursing home, employment standards, worker rights, Minnesota Statutes, labor compensation, 1183, house

Transcript Highlights:

• Um, and, uh, our current negotiated rate, all universities have a negotiated rate for their indirect
• Our current negotiated rate is 54%.
• Um, and, uh, our current negotiated rate, all universities have a negotiated rate for their indirect
• The board does decide on rates.
• The board does decide on rates.

Keywords: 1183, house

Transcript Highlights:

• and requires a study of market-based rates and recommendations to the legislature.
• and requires a study of market-based rates and recommendations to the legislature.
• and requires a study of market-based rates and recommendations to the legislature.
• and requires a study of market-based rates and recommendations to the legislature.
• and requires a study of market-based rates and recommendations to the legislature.

Keywords: 1187, senate, all

Transcript Highlights:

• rate.
• Similar metrics here related to the primary C Section rate.
• And it's a web-based data resource.
• below the healthy people, 2030, rate.
• What does that rate base to project was?

Keywords: 999, senate, all

Transcript Highlights:

• rates for your constituents.
• and rates of return.
• Uh, and we're not abandoning performance-based rate making.
• <00:37:25.119> One<00:37:25.359> of performance-based rate making.
• One of performance-based rate making.

Bills: HF3298

Keywords: underground storage tanks, petroleum, reimbursement program, environmental regulation, pollution control, 1183, house

Transcript Highlights:

• when the rate and the risk is actually known better.
• then they’ll do rating bands based on where the zip code and the risk are.
• This bill does not change underwriting processes or rate making.
• This bill does not change underwriting processes, rate making.
• Title insurers file title rates, while underwritten title companies file escrow rates.

Keywords: 988, house, all

Summary: The committee heard a lengthy insurance committee agenda covering wildfire mitigation, Fair Plan oversight, consumer protections, and insurance underwriting issues. Among the measures discussed were AB 1888, requiring California Safe Homes Grant Program work to be done by a skilled and trained workforce at prevailing wage; AB 1680, the Make-It-Fair Act, which would strengthen accountability and consumer protections for the California FAIR Plan; AB 1559, which would require notice and access rights when insurers use aerial imagery in underwriting or nonrenewal decisions; and AB 1798, which would restrict life and disability insurers from using non-diagnostic genetic information, including direct-to-consumer genetic test results, in underwriting below a $1.5 million coverage threshold. The committee also considered AB 2038, extending wildfire-related insurance moratoriums for homeowners after major fires, and AB 1800, adding eyewear to the portable electronics insurance framework. AB 2198 was introduced near the end of the transcript to address title insurance filing practices. Testimony was largely in support of the consumer and worker protections in AB 1888, AB 1559, AB 1680, AB 1798, and AB 2038. Supporters included the Insurance Commissioner, labor representatives, consumer groups, local officials, and advocacy organizations, who argued the bills would improve fairness, transparency, rebuilding stability, and access to insurance. Opposition centered on AB 1680, AB 1798, and AB 2038. The FAIR Plan and insurance industry representatives argued AB 1680 needed more clarification and that AB 2038 could worsen market instability by limiting insurers’ ability to rebalance risk. On AB 1798, life insurance industry witnesses said genetic information can be actuarially relevant and that the bill could create information asymmetry and higher premiums, while supporters said the bill would protect privacy and encourage testing and research. The committee took several votes. AB 1680 and AB 1559 were moved on a due-pass basis, with the roll left open for absent members. The consent calendar, including AB 1554, AB 1683, AB 1781, and AB 2471, was approved. AB 1888 was passed to the Committee on Labor and Employment. AB 1798 was passed as amended to the Committee on Privacy and Consumer Protection. AB 2038 was passed to the Committee on Appropriations after extended debate over wildfire recovery timelines and the market impact of longer moratoriums. AB 1800 was also passed to Appropriations. The transcript ends as AB 2198 is being introduced, before further testimony or action on that bill.

Transcript Highlights:

• Today, we have a largely service-based and increasingly digital economy, but our sales tax base has not
• They did this by applying a lower rate to a much larger base of economic activity.
• > economic rate to a much larger base of economic rate to a much larger base of economic activity
• And then to sell advertising space based on their frayed attention spans.
• And then to sell advertising space based And then to sell advertising space based on<00:13:55.680

Keywords: 919, house, all

Summary: The meeting was a press-style discussion in support of House File 4343, which would end Minnesota’s sales tax exemption for digital advertising services and physical advertising space such as billboards. Supporters said the bill would raise more than $300 million in revenue and allow the state sales tax rate to be reduced, while also modernizing the tax code to reflect a digital, service-based economy. Eric Bernstein of We Make Minnesota argued the current sales tax base is outdated, too narrow, and unfairly shifts burden onto Minnesota businesses, workers, and property taxpayers. Representative Lislegard said the bill would help fund schools, health care, infrastructure, child care, and local government, and framed it as a response to structural budget gaps and rising property taxes. She said large corporations are not paying their fair share and that the state should cut exemptions rather than reduce public services. Several speakers from labor, education, health care, and the arts backed the proposal, including a working parent who cited high child care costs, an AFSCME representative from Hennepin County Medical Center who said the revenue is needed to support the safety-net hospital, a musician who said streaming and ad-driven platforms profit from artists’ labor, and an educator who criticized social media companies’ impact on youth. The speakers repeatedly argued that major tech and advertising companies such as Meta, Google, Amazon, Microsoft, TikTok, and Spotify should contribute more to public services, while ordinary Minnesotans already pay too much. Representative White closed by acknowledging the bill faces a difficult path but said supporters would keep fighting for it. No vote or formal committee action was taken in the portion provided, and the event ended with one question from the audience.

Transcript Highlights:

• So here was the rate of net international migration in 2020...
• So here was the rate of net international migration in 2024.
• This is the rate for 1,000 residents, with the darker states having higher rates.
• And then we apply headship rates to the population.
• And then we apply headship rates to the population based on assumptions of sort of how likely populations

Keywords: 995, all

Summary: The Senate Committee on the Census heard presentations on Massachusetts population trends and how they affect state housing planning. Susan Strait of the UMass Donahue Institute reviewed recent Census Bureau estimates, saying Massachusetts grew strongly over the last decade but that growth has slowed sharply in the newest estimates, largely because net international migration has fallen from a post-pandemic surge. She also described the four components of population change—births, deaths, domestic migration, and international migration—along with aging trends, declining fertility, the importance of the millennial cohort, and the role of foreign-born residents in births and the labor force. Committee members asked about college students in group quarters and about counting incarcerated people, and Strait explained the Census Bureau’s current methods and noted that some issues remain under discussion. Jesse Guerrero of the Metropolitan Area Planning Council then explained how MAPC uses UMass Donahue population projections to build household and local land-use forecasts for MassDOT and the statewide housing plan. He said the earlier transportation projections anticipated slower statewide growth and regional decline in western Massachusetts and on the Cape, with more growth in eastern Massachusetts. He also described how household formation, development patterns, zoning, and affordability are modeled, and noted that newer housing-plan scenarios use updated Census data and different assumptions about migration. Senator Miranda raised concerns about Cape Cod population loss and whether seasonal residents are being counted, and Guerrero and Strait said the projections focus on permanent residents, not seasonal populations. Tim Reardon of the Executive Office of Housing and Livable Communities tied the demographic forecasts to the statewide housing plan, saying housing demand exists even under low-growth or slight-decline scenarios. He said the plan estimates about 115,000 homes are needed to address existing shortages, including doubled-up households, shelter families, seasonal conversion losses, and the need for healthier vacancy rates, plus additional units tied to future household formation. He added that the state’s total housing target is about 222,000 units, or as high as 262,000 under a higher-growth scenario. Senators pressed him on whether the scenarios are now too high given the recent drop in immigration, on affordability and out-migration, and on whether the housing plan adequately reflects homelessness and overcrowding in Boston and elsewhere. Reardon said the plan includes production, rental assistance, shelter prevention, and preservation strategies, and noted that HLC is also using grant programs and MBTA Communities-related infrastructure funding to support housing production statewide.

Transcript Highlights:

• they're now seeing a loss of tax base they're now seeing a loss of tax base and<00:02:50.840>
• rate um but what I want to know is rate rate um but what I want to know is on<00:25:46.840> determining
• <01:27:22.119> on<01:27:22.239> a<01:27:22.440> per rate instead of being based
• on a per rate instead of being based on a per acre<01:27:23.080> dollar<01:27:23.480> value
• What's your base?

Keywords: 1187, senate, all

Transcript Highlights:

• A 4.5% distribution rate based on a three-year rolling average can provide more stable and predictable
• Frankly, it's much more based on something like interest rates, which have recently had a tremendous
• Frankly, it's much more based on something like interest rates, which have recently had a tremendous
• Frankly, it's much more based on something like interest rates, which have recently had a tremendous
• Frankly, it's much more based on something like interest rates, which have recently had a tremendous

Bills: HF3900

Keywords: permanent school fund, school endowment fund, Minnesota constitutional amendment, school aid, public school funding, State Board of Investment, investment income, distributable amount, school districts, property taxes, income taxes, voter approval, ballot question, constitutional amendment 2026, education finance, fund perpetuity, purchasing power, trust lands, swamp lands, internal improvement land fund