Transcript Highlights:

• revenue streams that come out of state taxes.
• Constitutional uh structure is revenue Constitutional uh structure is revenue that<00:15:00.600>
• This is revenue that's attributed to automotive repair and replacement parts, as a share of the revenue
• So the growth is directing additional revenue into the TAA and reducing accordingly revenue that currently
• <01:01:28.599> to uh uh sales tax revenue to uh uh sales tax revenue to Transportation<01:

Keywords: 1183, house

Summary: The Transportation Working Group met on January 15, 2025, with Chair John Kosnik opening by saying the committee expected to pass a transportation bill this year and emphasizing efficient use of transportation revenues, maintenance of roads and transit, and safety. Members and staff introduced themselves, and several representatives noted their interest in roads, bridges, and regional transportation needs. Kosnik also said he had spoken with Representative Kel about leadership arrangements and stressed that bipartisan support would be needed for a transportation bill. House Fiscal Staff’s Andrew Lee and House Research’s Matt Burus then gave an overview of transportation finance, focusing mainly on highways and transit. Burus explained Minnesota’s highway funding structure, including the constitutional Highway User Tax Distribution Fund and the related Trunk Highway Fund, County State-Aid Highway Fund, and Municipal State-Aid Street Fund. He reviewed the main revenue sources: the motor fuels tax, motor vehicle registration tax, motor vehicle sales tax, portions of the general sales tax tied to auto parts, vehicle rentals and leases, and the retail delivery fee. He noted several changes from 2023 legislation, including indexing of the gas tax, creation of the Transportation Advancement Account, and the retail delivery fee, which began in July 2024 and therefore would affect fiscal year 2025 rather than the fiscal 2024 data shown. The presentation also covered how highway dollars flow through constitutional formulas, including the 95/5 split from the Highway User Tax Distribution Fund, with the 5 percent set-aside used for town roads, town bridges, and flexible highway purposes such as turnbacks. Burus distinguished trunk highway bonds from general obligation bonds and explained that both are debt-financing tools for transportation projects, but with different repayment sources and uses. No votes or formal actions were taken at this informational meeting.

Transcript Highlights:

• Commissioner, Department of Revenue. Commissioner, Department of Revenue.
• <03:16:03.920> You house pass the lottery revenue? You house pass the lottery revenue?
• Your base revenue the lottery revenue.
• <04:12:39.439> But revenue come in. But revenue come in.
• that will bring in additional revenue. that will bring in additional revenue.

Keywords: 928, house, all

Summary: The committee heard testimony on Senate Bill 110, as amended by the Senate, which would establish fees for alteration-of-terrain applications and direct the Department of Environmental Services to adopt rules for a permit-by-notification process for certain projects. Trisha Milo introduced the bill for Senator Lang and noted that the department had worked on the amended language. Matt Mayberry of the New Hampshire Homebuilders Association said the industry strongly supported the bill, describing it as a public-private partnership that would speed review for developers without affecting local control, with builders paying the costs rather than taxpayers. Members focused heavily on how the bill’s fee structure and permit thresholds would work, especially for projects near shoreland, wetlands, and protected water bodies. Representative Opel raised concerns about whether the bill reduced review of habitat and shoreland impacts or shifted costs unfairly; Philip Trobridge of DES explained that the bill does not eliminate those reviews and that shoreland projects still receive greater scrutiny. He said the bill creates different tiers, with the permit-by-notification process applying to certain projects between 100,000 and 150,000 square feet that are not in protected shoreland, while larger or shoreland-affected projects remain under the standard review process. He also said the proposed fees were based on sustaining the program, covering added habitat and species review responsibilities, and keeping reviews efficient. Trobridge said the new fee structure would generate about $1.2 million in additional revenue and help fund additional staff and related program costs. He stated that the department had worked with the regulated community and believed the fees were fair and reasonable, though he acknowledged the bill’s wording was confusing and that the threshold could be revisited later if the new process works well. Members also discussed how the state process interacts with local approvals, and Trobridge said both state and local approvals are required before a project can begin. No vote or final action was taken in the portion of the meeting provided.

Transcript Highlights:

• special revenue. Moving on to agency 6. special revenue. Moving on to agency 6.
• Moving on to the department of revenue Moving on to the department of revenue agency<00:06:31.199
• This also $3,000 special revenue.
• restoration of $14,000 special revenue. restoration of $14,000 special revenue.
• restoration of $18,000 special revenue. restoration of $18,000 special revenue.

Bills: SF0032, SF0010, SF0001, HB0001

Keywords: 911 services, emergency response, grant funding, next generation technology, government accountability, public safety, mental health, detention, competency evaluation, treatment, contractual agreements, Wyoming, budget, funding, education, wildfire prevention, healthcare, community colleges, grants, economic development

Transcript Highlights:

• revenue relative to the state revenue revenue relative to the state revenue plan<04:41:25.878>
• of business tax revenues, particularly business profits tax revenues.
• If you look at the revenue from tax year 2022, they were 58% of the revenue collected, right?
• If you look at the revenue from tax year 2022, they were 58% of the revenue collected, right?
• If you look at the revenue from tax year 2022, they were 58% of the revenue collected, right?

Keywords: 928, house, all

Summary: The meeting was a Ways and Means briefing opened by the vice chair, who introduced Jason Wong of the Federal Home Loan Bank of Boston to discuss the national and regional economy. Wong focused on inflation, asking why it had fallen from about 9% in 2022 to the 2%–3% range, and what that meant for monetary policy and the risk of an economic downturn. He said the Fed’s target is 2%, noted that recent PCE inflation was about 2.4% and core PCE about 2.7%, and described the ongoing debate over whether interest rates should stay tight or be lowered further to protect the labor market. Wong explained that the improvement in inflation has been driven largely by goods prices, especially durable goods such as cars, appliances, and furniture, as well as non-durable goods like food. He said supply-chain disruptions during the pandemic caused major price spikes in 2022, but those pressures have eased and many goods prices are now at or below the Fed’s target. He also referenced the New York Fed’s Global Supply Chain Pressure Index, saying it showed extreme pandemic-era disruptions that have since receded. The main remaining inflation problem, he said, is in services, especially housing. Wong broke services into rent of shelter and all other services, explaining that shelter is a large share of household budgets and that housing inflation has a lag because rent measures often reflect older lease terms rather than current market rents. He said monthly Zillow data suggest market rents have cooled and may eventually feed through to official inflation measures. Members asked several questions about the chart’s time scale, the treatment of real estate, property taxes, and utilities, and Wong clarified that housing costs are counted in services and that the slides would be shared digitally. No votes or formal actions were taken.

Transcript Highlights:

• It was the quote, "limit to property revenue production."
• This was a revenue raiser in one measure.
• So it seems like, you know, we get the revenue estimates.
• And I just think that was an example where we raise some revenues here, lower revenues in other places
• . ...example where we raise some revenues here, lower revenues in other places.

Summary: The committee’s final day focused first on a historical overview of New Mexico tax packages by Pam Stokes of Legislative Council Services. She described how tax packages have alternated over the decades between tax relief, revenue raising, and tax reform, with examples ranging from the creation of the gross receipts tax in 1966 to major packages in 1981, 1986, 1991, 1994, 2005, 2019, 2022, 2024, and the vetoed 2025 package. Members discussed how tax policy often tracks revenue conditions, how packages can combine increases and decreases, and how local government gross receipts taxes and hold-harmless distributions have affected communities differently. Several members reflected on past packages, especially the 2004 food tax repeal and the 2013 film tax and manufacturing changes, and noted that tax policy can have major economic and political effects even when it is not “sexy” legislation. The committee then heard a proposal to expand the health care practitioner gross receipts tax deduction to include co-insurance, and to extend the sunset date. Sponsor Senator Figueroa said the bill was intended to help recruit and retain medical providers and build on prior deductions for co-pays and deductibles. Testimony explained that co-insurance is the patient’s share after the deductible, that providers currently absorb the gross receipts tax on those payments, and that the proposal would cost about $30 million to the state plus about $20 million to municipalities and counties, with the exact fiscal impact likely to be updated. Members raised concerns about the effect on local governments, whether insurers could be required to reimburse providers, whether the bill would actually attract doctors, and whether better evaluation measures and sunsets should be added. The sponsor said the bill was part of a broader set of efforts to address provider shortages and that the discussion would continue. Representative McQueen then presented a bill to update the Land Conservation Incentives Act. He and conservation partners said the program has protected more than 500,000 acres but has not kept pace with rising land values, especially for irrigated agricultural land in the Middle Rio Grande. The proposal would increase the percentage of conservation value eligible for the credit, raise the per-transaction cap from $250,000 to $2 million, and make the credit refundable rather than only transferable. Testimony emphasized that the program is voluntary, keeps land in private ownership and production, and helps land-rich, cash-poor landowners preserve farmland and water rights. Members asked about average credit amounts, how easements work, whether landowners could effectively buy land and then use the credit, and whether there should be inflation indexing or a statewide cap. The discussion also touched on water rights, fencing, and the role of conservation easements in protecting agricultural land and compact water deliveries. Finally, Senator Sharer previewed his 2% tax proposal with a historical presentation on New Mexico tax law, using props to illustrate the evolution from early territorial tax codes to the modern tax system. He argued that the state’s current tax structure is overly complex and that recent federal changes have disrupted the personal income tax base. The committee did not take any votes on the day’s presentations; the meeting was primarily informational, with members offering feedback and raising policy concerns for future sessions.

Transcript Highlights:

• <00:04:03.439> to comparison of forecast revenues to comparison of forecast revenues to forecast
• legislative banum uh projected revenues legislative banum uh projected revenues that<00:04:12.680
• Oh, that's the revenue estimate. Mr.
• <00:21:22.120> es revenue es revenue es yeah<00:21:24.919> Mr yeah Mr yeah Mr Clayman<00
• at our disposal all of the revenue at our disposal all of the revenue that's<00:35:25.160> generated

Keywords: 1183, house

Summary: House File 4, as amended, was heard in committee. The bill proposes a constitutional amendment to create a Minnesota tax relief account that would capture projected general fund revenues exceeding 105% of projected expenditures and return those funds to taxpayers, primarily through property tax relief or income tax relief. The committee adopted an amendment to put the bill in the author’s preferred shape, and later adopted a technical amendment from Representative Smith to insert the word “projected” before “expenditures” on line 2.2. Representative Johnson presented the bill as an affordability measure meant to return surplus money to the people rather than create new spending, arguing it would help homeowners and taxpayers if a surplus occurs. Ranna Lee of Americans for Prosperity supported the concept of returning surplus funds to taxpayers but also urged broader tax and budget reforms, including triggers for rate reductions and changes to budgeting practices. Nan Madden of the Minnesota Budget Project and Eric Bernstein of We Make Minnesota opposed the proposal, warning that embedding budget and tax rules in the Constitution would reduce legislative flexibility, weaken public investment, shift costs to local governments, and make it harder to respond to recessions or emergencies. Members raised questions about how the formula would work, who would qualify for refunds, whether corporations with property tax liability could benefit, and how the proposal would handle forecast-based calculations and unexpected events such as pandemics or federal policy changes. House research and committee staff clarified that the bill would need to go to Ways and Means and then Rules to satisfy House requirements for constitutional amendments, and that a fiscal note had been requested and was in process. The committee did not take final action on the bill in the portion of the transcript provided, but the motion before it was to recommend passage and send House File 4 to Ways and Means.

Transcript Highlights:

• future revenue deposits. future revenue deposits.
• balance revenue. That's all. balance revenue. That's all.
• And it's a transfer of revenue. revenue. revenue. >> Corral<00:48:22.640> it.
• revenue."
• unrestricted revenue. unrestricted revenue.

Keywords: 928, house, all

Summary: The Joint Committee on Dedicated Funds met to review inactive and dedicated accounts, note prior legislation that had passed, and begin its annual review of agency funds. Members discussed several inactive funds, including some HHS-related accounts, a law enforcement memorial fund, and possible cleanup of accounting references where funds had been reorganized or merged. Staff noted that some newer funds may simply not have started receiving revenue yet, and the committee agreed to follow up on specific accounts later rather than address everything immediately. The committee then heard from Fish and Game on its dedicated funds. Topics included the statewide public boat access account, which is used for boat ramp and access-site maintenance and is supported by boat registration fees and federal funds; the ORV education, training, and enforcement account, which has declined over time and may need attention because revenue depends heavily on weather and snowmobile use; and the search and rescue account, which is funded by Hike Safe cards, a $1 fee from boat and OHRV registrations, and court-ordered fees. Fish and Game also explained that the conservation license plate fund had been merged into the non-game species management account, which is supported by donations, federal funds, and a statutory general fund transfer, and that pheasants are treated as game species under a separate program. The committee spent considerable time on the lifetime license account, an off-book Treasury-held account that collects lifetime license sales and returns funds to Fish and Game based on annual sales plus 9% of the fund balance. Members questioned why the account’s presentation did not clearly show the transfer as a revenue reduction and suggested the reporting format needed cleanup so the flow of money would be easier to understand. Fish and Game said the account is operating properly and that the transfer to the unrestricted Fish and Game fund exceeded $400,000 in the most recent year. The committee also reviewed the publications and fundraising revolving fund, which keeps a $100,000 balance for inventory purchases and transfers excess year-end funds to the unrestricted Fish and Game fund; members again raised concerns that the reporting format did not clearly show the transfer, and staff said they could add a note or other clarification.

Transcript Highlights:

• of calculating the amount of revenue of calculating the amount of revenue attributable<00:24:37.120
• And in this generated more revenue.
• Is there someone from the Department of Revenue here that can explain the revenue estimate?
• <01:00:08.799> estimate, we see in the in the revenue estimate, we see in the in the revenue
• department of revenue here that can explain<01:00:28.960> the<01:00:29.200> revenue<01:

Keywords: 1187, senate, all

Transcript Highlights:

• What appears to be revenue really is not revenue.
• What appears to be revenue really is not revenue.
• What appears to be revenue really is not revenue.
• What appears to be revenue really is not revenue.
• What appears to be revenue really is not revenue.

Keywords: 928, house, all

Summary: The Joint Committee on Dedicated Funds met to review the House budget provision that would impose a 5% administrative charge on a broad list of dedicated funds, with some exemptions. Members discussed the House approach versus the Senate’s more general approach of leaving the governor discretion over which funds could be charged. The chair explained the committee was hearing from agencies about any legal, contractual, or practical reasons their funds should be exempt, and the agenda was expanded to include several departments and written submissions from others. The Department of Education testified first, identifying several funds it said should be exempt: a printing revolving fund that is funded by transfers rather than fees; teacher certification, which is self-funded by educator licensing fees and would require an immediate fee increase if charged; a vending stand set-aside tied to the federal Randolph-Sheppard program and subject to federal approval and vendor committee procedures; and a public school infrastructure/safety account, where most revenue is transferred from the education trust fund or general fund rather than generated by fees. Members questioned the department about the effect on school safety projects and whether the fee would simply reduce the number of projects completed each year. The Veterans Home asked for exemptions for three funds: a donation benefit account used for recreational activities and quality-of-life expenses for residents, a small memorial trust fund whose interest supports veteran activities, and a resident member account that holds veterans’ personal income such as Social Security and pensions. The department argued the charge would reduce donations, cut services, and effectively function like an income tax on vulnerable veterans. The Banking Department also requested exemption for its consumer credit administration license fund, saying it is used to keep exam fees low and is expressly intended by statute to reduce costs on regulated businesses; it said the 5% charge would undermine that framework and could eventually force higher fees. The Department of Justice began testimony on its dedicated funds, starting with the medical legal investigative fund, which pays for death investigations and related services under statute and without general fund support. No votes or final actions were taken in the portion of the meeting provided; the committee mainly heard testimony and asked questions about the practical and legal effects of applying the administrative charge.

Transcript Highlights:

• <00:05:21.120> is duty of the Department of of Revenue is duty of the Department of of Revenue
• <00:13:39.199> that within the Department of Revenue that within the Department of Revenue
• Resort uh in the department of revenue Resort uh in the department of revenue and<00:14:04.680><
• now um the Integrity of our Revenue now um the Integrity of our Revenue system<00:25:43.799>
• <01:27:16.760> revenue<01:27:17.119> and $50 F the revenue and $50 F the revenue and

Keywords: 1183, house

Transcript Highlights:

• We met to adopt the new general revenue forecast.
• And so the money was then free to use in the general revenue fund.
• And so the money was then free to news in the general revenue fund.
• And so the money was then free to news in the general revenue fund.
• So it moved within that first column, unallocated general revenue.

Summary: The committee met to hear Amy Baker’s presentation on Florida’s constitutionally required long-range financial outlook for fiscal years 2026-27 through 2028-29. Baker said the forecast reflects slower but still positive economic growth, continued above-average personal income growth, rising wages, and population growth that is increasingly driven by in-migration as Florida’s senior population expands. She highlighted weakening housing-related revenue, especially documentary stamp taxes, softer consumer sentiment, and the expectation that Florida will pass 25 million residents by 2030, with nearly a quarter of the population age 65 or older. Baker said the outlook largely retained the March 2025 general revenue forecast, but the Legislature’s 2025 session actions significantly improved near-term funds available by redirecting or freeing up money, including contingency appropriations and reversions. She noted total state reserves are just under $15 billion, or about 30% of general revenue, and that the budget stabilization fund is at its constitutional maximum. The main spending pressures in the outlook were critical needs, led by a new emergency preparedness and response fund transfer and Medicaid growth driven mainly by medical inflation and behavioral analysis costs in managed care, not by caseload growth. Other high-priority needs were also identified, and Baker said the first year shows a projected surplus, but years two and three show shortfalls, meaning fiscal strategies will still be needed. Members questioned Baker about the accuracy of the forecast, Medicaid managed care costs, the emergency preparedness fund, federal funding assumptions, and whether recent federal legislation was reflected in the numbers. Baker said the outlook is a good representation of the total picture, though the Legislature will likely adjust it as conditions change, and that more information on federal changes would come in later estimating conferences. Senator Trumbull asked about the governor’s veto of $750 million, and Baker said it simply returned to unallocated general revenue rather than being spent or added to the budget stabilization fund. The chair closed by warning members to expect a difficult budgeting process and noting that the committee would adjourn without further action.

Transcript Highlights:

• down 20 or more per in their revenue down 20 or more per in their revenue from<00:14:12.920>
• <00:14:15.920> of from December to January this revenue of from December to January this revenue
• <00:16:04.000> so participation in our Revenue so participation in our Revenue so reinstating
• <00:31:18.399> increased charitable e pull tab Revenue increased charitable e pull tab Revenue
• <00:45:58.000> or casinos seen a decrease and revenues or casinos seen a decrease and revenues

Keywords: 1183, house

Transcript Highlights:

• As Sarah said, UW provides monthly revenues and expenses.
• You may have heard the term cash basis, which cash equals revenue.
• You may have heard the term cash basis, which cash equals revenue.
• So a slight difference in the revenue recognition rules.
• revenue, just based on how the different taxes were being applied.

Summary: The Joint Higher Education Committee met for a work session on higher education accounting practices and financial transparency. OFM Deputy Director Sarah Rupp explained how state accounting rules and higher education reporting differ, including what data is captured in AFRS today and what will move into Workday, with universities generally reporting summary-level fund data, mandatory codes, and most balance sheet and income statement activity, but not transaction-level detail or vendor payment information. Representatives from the University of Washington and Washington State University described the complexity of their own accounting systems, the many entities and business lines they must track for audits and compliance, and the need to reconcile university-level accrual accounting with state reporting requirements. The committee also heard from the Education Research and Data Center on the public four-year finance dashboard created under Senate Bill 5512; ERDC said the dashboard is based on publicly available data, is best used to examine institutions individually rather than compare them directly, and will be updated with additional metrics in 2025 and 2026. The committee then received a presentation from the Washington Student Achievement Council on the Workforce Education Investment Account (WIA). Joel Anderson reviewed WIA’s creation under House Bill 2158, its revenue sources, and its intended uses for higher education, financial aid, and workforce development. He said recent legislation significantly increased WIA revenues and that, in the 2025–27 budget, the account is being used in new ways, including to replace general fund support for University of Washington operations and to fund a larger share of the Washington College Grant and some faculty compensation costs. Anderson said roughly 98% of current WIA appropriations go to higher education, but the share used to supplant other higher education funding has grown, and he estimated about 60% to 70% of current spending still aligns with the account’s original intent. He also described a new effort to track WIA appropriations across biennia in more detail and noted the WIA Oversight Board’s role in recommending uses of the account and monitoring outcomes. No votes were taken; the committee ended by moving into executive session for staffing issues and then adjourned.

Transcript Highlights:

• Let's rate this revenue again?"
• Let's rate this revenue<00:03:29.280> again." revenue again." revenue again."
• definitely fueling the state revenue definitely fueling the state revenue collection<00:08:36.080
• Its revenue impacts strong economy. Its revenue impacts appear<00:15:51.440> manageable.
• I think the revenues even further.

Keywords: 1191, senate, all

Transcript Highlights:

• transfers, is the slice of new revenues that came from the new revenue proposal that passed in 2025.
• On the revenue side, you added $8.9 billion over the next 10 years from those new revenues.
• On the revenue side, you added $8.9 billion over the next 10 years from those new revenues.
• Act revenues, mean that your total revenues available to you will increase.
• What's happening is the two new sources of transportation revenue, besides the historical revenues that

Summary: The Senate Transportation Committee met on October 16, 2025, for a budget and revenue overview, a traffic safety presentation, and a discussion of potential transit and active transportation grant programs. Committee staff reviewed the adopted 2025-27 transportation budget, noting $15.5 billion in expenditures, the large share for WSDOT, and the mix of revenue sources including fuel tax, vehicle-related fees, federal funds, Climate Commitment Act revenue, and new 2025 revenues from SB 5801 and SB 5802. Staff said the 2025 session produced a balanced four-year plan, preserved major project schedules, maintained highway preservation funding, and added money for culverts, local preservation, and other priorities. They also described a September forecast showing lower motor fuel consumption than previously expected, but still enough revenue growth to keep the transportation plan balanced. For the 2026 supplemental, staff said agency requests were relatively modest overall, with most capital requests reflecting reappropriations and timing shifts rather than new projects, while WSDOT’s addendum identified much larger future needs for maintenance, preservation, paving, culverts, and safety work. Senators asked for more detail on how revenues are distributed by fund type and geography, how much of the maintenance and preservation request is actual maintenance versus equipment, whether paving needs could be supported through bonding, and how electric vehicle sales trends might affect forecasts. The committee then heard a remote presentation from Dr. Jessica Chikino of the Insurance Institute for Highway Safety on traffic safety trends and countermeasures. She said U.S. traffic fatalities have risen sharply over the past decade, with especially large increases for pedestrians, bicyclists, and motorcyclists, and argued that the U.S. lags other high-income countries in roadway safety. Her presentation highlighted IIHS’s “30 by 30” goal to reduce fatalities 30% by 2030 through safer speeds, stronger impaired-driving countermeasures, better pedestrian protection, and safer commercial vehicles. She discussed research linking higher speed limits to higher fatality risk, the benefits of lower urban speed limits, speed safety cameras, traffic calming, lighting, pedestrian beacons, and safer intersection design. She also described ongoing work with Bellevue on smart signal technology and pedestrian safety pilots. Committee members thanked her for the presentation and said they would share the materials with others. In the final work session, the committee revisited transit and active transportation grant concepts that had been included in the Senate budget proposal but did not advance in 2025. Barb Chamberlain of WSDOT’s Active Transportation Division explained how grant programs need runway, staff capacity, applicant readiness, and clear criteria, and compared program design to getting a plane off the ground. She discussed the proposed Senior Transportation Emphasis Program and regional trails/cycle highways concepts, noting that some projects could be structured as funding-first programs while others would work better as project-line or project-first models. She said regional trail projects are already eligible under existing programs but often score lower because current criteria emphasize safety and population served. Justin Leighton of the Washington State Transit Association then reviewed transit grant programs and argued that transit safety and security needs remain underfunded, including operator barriers, lighting, shelters, behavioral health coordination, and non-uniformed security staff. He said many transit capital programs are oversubscribed, that operator barrier retrofits alone could cost $20 million to $30 million, and that agencies face uncertainty about how recent sales tax changes apply to security-related contracts. No votes were taken during the meeting.

Transcript Highlights:

• Tax revenues have to be increased. So turning to the next page, this figure gives an overview.
• It is a 1.5% of general fund tax revenues.
• Or surges in capital gains revenues and put those into reserve.
• So the state will tally up all of its capital gains revenues and compare that.
• annual revenue to go into the BSA.

Keywords: 988, house, all

Transcript Highlights:

• :19:52.240> that,<00:19:52.400> but<00:19:52.640> I the revenue estimate on that
• So there are a lot of opportunities for us to use this revenue to align with the green fee objectives
• Witness: So we are open to expending the revenue exactly how the bill outlines.
• We are currently using Harbor Special Fund revenue to fund the improvements that I described.
• <00:24:48.559> to using Harbor Special Fund revenue to using Harbor Special Fund revenue to

Bills: SB2816

Keywords: enterprise zones, economic development, innovation enterprise, job creation, Hawaii, 910, house, all

Summary: The committees heard House Bill 2195, HD1, which would replace the existing transit accommodations tax on cruise ships with a per-passenger infrastructure fee collected by the Department of Transportation and deposited into a new cruise ship special fund. Testimony included support from Norwegian Cruise Line Holdings and comments from the Tax Foundation of Hawaii warning that the bill should remain narrowly tied to harbor-related uses to avoid potential Tonnage Clause issues. The Department of Transportation testified that cruise-related harbor work includes pier repairs, dredging, terminal upgrades, and shore power, and said a dedicated revenue stream would help prioritize cruise infrastructure needs. The Attorney General’s office said it had submitted written comments but did not address questions about the litigation or constitutional background. Members questioned whether the new special fund was necessary when the existing harbor special fund already finances similar improvements. DOT said the funds overlap and suggested the bill could be amended to use the harbor special fund with a separate cruise subaccount, while still preserving a dedicated revenue stream and separate accounting. DOT also said it currently collects port entry, dockage, and per-head passenger fees from cruise ships and that existing cruise-related expenditures from the harbor special fund have not been challenged. The chair ultimately recommended moving HB 2195 forward as introduced, while continuing discussions about the fund structure and awaiting further clarity from the Attorney General and DOT. In decision-making, the committees voted to pass HB 2195, HD1, as is. They also voted to pass House Bill 916, HD1, relating to the low-income housing tax credit, which would allow certain state low-income housing tax credits to offset state transient accommodations taxes in the same county and make Act 129 of 2016 permanent. Both the Committee on Tourism and the Committee on Economic Development and Technology adopted the chair’s recommendation to pass HB 916, HD1, unamended. The hearing was then adjourned.

Transcript Highlights:

• account, or the money that goes into the special revenue account, and then 50% of those funds.
• account, or the money that goes into the special revenue account, and then 50% of those funds.
• account, or the money that goes into the special revenue account, and then 50% of those funds.
• account, or the money that goes into the special revenue account, and then 50% of those funds.
• individual put them in a special Revenue individual put them in a special Revenue uh<00:08:11.440

Keywords: 1187, senate, all

Transcript Highlights:

• tax revenues. tax revenues.
• volatile revenue source. volatile revenue source.
• volatile revenue sources. volatile revenue sources.
• um general fund revenues. um general fund revenues.
• Director Mingy. back in revenue. I'm seeing a recent back in revenue.

Bills: HF3425

Keywords: supportive housing, grants, housing assistance, funding, Minnesota Statutes, 1183, house

Transcript Highlights:

• And so the money was then free to use in the general revenue fund.
• And so the money was then free to news in the general revenue fund.
• And so the money was then free to news in the general revenue fund.
• We usually look at that as a percentage of the general revenue.
• Into general revenue, like from the dock stamps this year and from the Indian gaming revenue share this

Summary: The committee met to receive Amy Baker’s presentation on Florida’s long-range financial outlook for fiscal years 2026-27 through 2028-29. Baker said the forecast assumes continued but moderating economic growth, with Florida GDP slowing from recent highs, personal income remaining above average, wages continuing to rise faster than job growth, and population growth eventually slowing as the state approaches 2030 and the baby-boomer cohort fully ages into retirement. She also highlighted weakening housing and real-estate-related revenue, especially documentary stamp collections, along with low consumer sentiment as signs of caution in the outlook. Baker explained that the state’s near-term general revenue picture improved largely because of legislative actions taken in the prior session, including contingency releases, reversions, and other budget adjustments, rather than from major new revenue growth. She said reserves remain strong at nearly $15 billion, or just under 30% of general revenue, with the budget stabilization fund at its constitutional maximum. The main spending pressures identified were critical needs and other high-priority needs, led by a new recurring transfer to the emergency preparedness and response fund and by Medicaid, where rising service costs and medical inflation—especially behavioral analysis costs in managed care—are driving higher expenditures despite lower caseloads and a slightly better federal match. Members questioned the accuracy of the forecast, the Medicaid cost drivers, the treatment of the governor’s emergency fund, federal funding assumptions, and whether recent federal legislation was reflected in the numbers. Baker said the outlook assumes current federal funding paths continue, that the new federal tax/revenue law had not yet been fully incorporated because agencies were still reviewing it, and that the emergency fund line was calculated from recent appropriations without distinguishing specific uses. She also said the vetoed $750 million did not affect the budget stabilization fund because it reverted to unallocated general revenue. No bills were heard, no votes were taken, and the committee adjourned after the presentation and discussion.