Video & Transcript Research : 'CAP'
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KY
Kentucky 2026 Regular Session
Capital Projects and Bond Oversight Committee - (5-21-26)
Transcript Highlights:
- And then there's a cap of $1,000,000 for companies once they hit that threshold.
- And<00:21:02.680>
then <00:21:02.840>there's <00:21:03.080>a <00:21:03.120>cap - 00:21:03.680>
of <00:21:03.840>$1,000,000 <00:21:04.960>for And then there's a cap - of $1,000,000 for And then there's a cap of $1,000,000 for companies<00:21:06.640>
once <00:21
Summary:
The committee first handled routine business, including a quorum call, approval of the April 27 minutes, and a report of informational items. Those informational items included University of Kentucky medical equipment purchases, UK’s planned use of restricted funds for a public-private partnership, school district debt notices, UK’s use of construction management at risk for five projects, Kentucky Communications Network Authority capital project reporting, and UK lease improvements.
The main action item was University of Kentucky’s request for approval of a $600 million central plants and utility infrastructure P3 tied to the Chandler expansion and other campus facilities. UK said the project would modernize and expand utility capacity, improve redundancy and efficiency, and support 24/7 hospital operations. UK explained that the financing would combine private equity and nonprofit debt, with no UK or Commonwealth debt or upfront payment, and that future availability payments would come from UK Healthcare funds. Members asked about the financing stack, the source of the restricted funds, and whether existing units would be replaced or modernized. The committee then approved the P3 agreement by roll call vote.
The committee also considered and approved a lease renewal for a 20,000-square-foot College of Medicine facility near the Bowling Green Medical Center. UK said the lease would cost $38 per square foot, or $912,000 annually, and supports its long-running partnership with Bowling Green Hospital and planned medical student growth in the region. Members spoke favorably about the local impact of the program, and the lease renewal passed by roll call vote.
Finally, the Finance and Administrative Cabinet reported three items requiring no action, including a $2.103 million Transportation Cabinet Department of Aviation project for two medium box hangars at Capital City Airport. Cabinet staff said the project would be funded by federal aviation money and restricted aviation funds, and later explained that the restricted funds come from a jet fuel tax deposited into the Aviation Economic Development Fund.
FL
Transcript Highlights:
- He sees it in Pinellas County, our home turf, where... ...where these cap resets, unfortunately, can
- They're all unique because of the time that that property owner has been under the Save Our Homes cap
- Thank you. ...been under the Save Our Homes cap and how long they've been in place there and what the
- And the Legislature capped the increase in collections, I believe it was 7 or 7.5 percent.
Keywords:
property assessment, wind damage, home improvements, real estate, tax exemption, Florida statutes, ad valorem taxes, property listings, tax estimation, disclosure, Florida, residential property
Summary:
The committee heard and passed three bills before moving to a staff presentation on the state revenue forecast and the federal One Big Beautiful Bill Act. SB 856, by Senator DeSantis? [sic], would require online real estate listing platforms to display estimated property taxes for residential properties using prescribed methods and DOR-developed formulas rather than the current owner’s tax bill. Supporters from county, city, and property appraiser groups said the bill would improve transparency and help homebuyers avoid surprise tax and escrow increases. The bill was reported favorably after debate about making sure the estimate appears on realtor and platform sites for first-time buyers.
SB 110, by Senator Arrington, was amended and then reported favorably. The bill clarifies that people holding 98-year-or-longer residential leases remain eligible for the homestead tax exemption even if the lease ends upon the tenant’s death, aligning those leaseholds with life estates for estate-planning purposes. The amendment, supported by the Florida Bar’s real property, probate and trust law section, clarified that lease provisions terminating at death are valid under current law. SB 434, by Senator Leak, was also reported favorably; it would prevent property tax assessments from reflecting increased just value attributable to wind-hardening improvements such as stronger roof attachments, shutters, and roof-to-wall reinforcements.
The committee then received an update from staff director Azar Khan on the new general revenue forecast. He said collections had been running slightly above estimate overall, but the Revenue Estimating Conference reduced corporate income tax projections because of weaker recent collections and uncertainty around tariffs, while increasing some other revenue sources. Members then discussed the federal One Big Beautiful Bill Act, which staff said would significantly reduce Florida corporate income tax revenue, with a large first-year impact driven by retroactive provisions such as bonus depreciation, research expensing, and business interest deductions. Senators and the appropriations chair said the forecast and federal changes would affect budget planning, and the committee adjourned after noting the bills had been favorably reported and the meeting was complete.
NM
New Mexico 2026 Regular Session
House - Government, Elections And Indian Affairs Jan 26th, 2026 at 08:35 am
House Government, Elections & Indian Affairs
Transcript Highlights:
- And then is there any cap on the property bought? Is there any cap on the property bought?
- So your cap is your income. So you can't afford a million-dollar home if you're making 150% AMI.
- So your cap is the income requirements in this. I don't need to set one.
NM
New Mexico 2026 Regular Session
House - Transportation and Public Works Jan 22nd, 2026 at 09:04 am
Transcript Highlights:
- recollection of the language last year is there was a we had for the first time last year placed a cap
- There's also a cap that our Senate sponsors felt strongly about on how much bonding could be done At
- So, there's explicit caps on dollar amounts that are tied to the projects That are first in the queue
- and when the State Transportation Commission maxes out their bonding authority, which is actually capped
MN
Minnesota 2025-2026 Regular Session
Increasing Access to Mental Health Services – Senator Judy Seeberger May 19th, 2025
Minnesota Senate Floor Meeting
Transcript Highlights:
- It also caps the more generous PTO from an unlimited bank to 160 hours, which is what the state of the
- Um, it also<00:09:24.080>
caps <00:09:24.480>the <00:09:24.800>more <00:09:25.040 - >
generous <00:09:25.600>PTO <00:09:26.480>from <00:09:26.720>an also caps - the more generous PTO from an also caps the more generous PTO from an unlimited<00:09:27.519>
bank
CA
California 2025-2026 Regular Session
Assembly Appropriations Committee May 7th, 2025
Transcript Highlights:
- AB 127 helps achieve this by setting the price ceiling in the state's cap-and-trade market to correspond
- to the social cost of The price ceiling in the state's cap-and-trade market corresponds to the social
- dismantling environmental programs and defunding related research, this bill ensures that California's cap-and-trade
- And in defunding related research, this bill ensures that California's cap-and-trade program will be
Summary:
The Assembly Appropriations Committee met on May 7, 2025, considering a large number of bills, with several measures heard in detail before the committee moved through consent and suspense items. Early in the hearing, AB 876 by Assemblymember Flora was heard on CRNA scope of practice and anesthesia access. Supporters said it would clarify that certified registered nurse anesthetists may provide anesthesia services independently, while opponents from physician and medical groups argued that anesthesiologists and CRNAs are not interchangeable and that physician-led care is needed for patient safety. The bill was ultimately voted out, with a later vote change recorded for Mr. Tangipa from not voting to aye.
The committee also heard AB 379, a major human trafficking and child exploitation bill, which would expand penalties for solicitation of a minor, create a misdemeanor for loitering with intent to purchase commercial sex, increase fines on businesses that fail to post trafficking notices or knowingly allow trafficking, create a survivor support grant program, and establish a vertical prosecution grant program. The bill drew strong support from the author and some members who emphasized tougher enforcement and victim services, but also significant opposition from sex worker and civil liberties advocates who argued the bill would worsen criminalization, disproportionately harm Black and Brown communities, and fail to address housing and other root causes. After extensive discussion, the committee voted the bill out, with one member later changing from not voting to aye.
Other bills heard included AB 435 on child passenger safety, which would adopt a five-step test and update booster-seat and front-seat rules; AB 1415, which would give the Office of Health Care Affordability more access to information from health systems and private equity-related entities; AB 539, the Timely Care Act, which would extend the duration of approved prior authorizations for treatment; AB 1466, relating to groundwater adjudication and sustainability disputes; AB 127, which would tie the cap-and-trade price ceiling to the social cost of carbon; and AB 672, which would require public employers to notify PERB of certain court actions and allow intervention to protect labor rights. The committee also approved a large consent calendar and then deemed the suspense calendar approved, sending many bills onward. The hearing concluded with several bills reported out, some on call, and the committee adjourned.
FL
Transcript Highlights:
- I certainly like the clause that removes the cap for 1%, but the second statement, the bill clarifies
- However, one addition that we'd like to see is some sort of cap on that.
- We think that should be some sort of percentage cap.
- We think that should be some sort of percentage cap to keep things competitive amongst everybody so that
Summary:
The committee first took up Senate Bill 296, as amended by strike-all, on middle and high school start times. Senator Bradley explained that the amendment would repeal the statewide mandate for later start times and return scheduling decisions to local school boards, while still requiring districts to inform the community about the health, safety, and academic effects of sleep deprivation and to consider later start times when setting transportation schedules. Testimony and debate were largely in support, with several school district and education group representatives waiving in support, and members citing transportation, staffing, family logistics, and cost concerns under the existing mandate. The strike-all was adopted, and SB 296 was reported favorably by roll call vote, with Senators Berman, Osgood, and Chair Calatayud voting yes and Senator Gaetz voting no; other members were absent or not recorded in the excerpt.
The committee then heard Senate Bill 356, which would designate January 27 as Holocaust Remembrance Day in Florida. Senator Berman said the date matches the UN’s Holocaust Remembrance Day and would require the governor to annually proclaim it, while allowing public observance and instruction about the Holocaust’s harms and its impact on the Jewish community and humanity. There was no substantive opposition in the excerpt, and the bill was reported favorably by roll call vote with yes votes from Senators Berman, Gaetz, and Chair Calatayud.
Finally, the committee considered Senate Bill 166 on administrative efficiency in public schools. Senator Simon described a broad deregulation package affecting student assessments, grade promotion, teacher evaluations, contracts and certification, school board operations, instructional materials timelines, internal audits, facilities planning, cost-per-student-station limits, emergency make-up days, federal fund timing, and VPK oversight. Testimony was mixed: school district and education organization representatives generally supported the flexibility, while some groups opposed or urged changes to the grade 4 promotion and graduation-related provisions, arguing they could weaken academic standards. After debate focused especially on third-grade promotion and testing requirements, the bill was reported favorably by roll call vote. At the end of the meeting, members recorded their votes on SB 296 and SB 356, and the committee adjourned.
VT
Transcript Highlights:
- Net metering has a cap of 500 kW.
- Standard offer has a cap of 2.2 MW, and there is no technically no cap for power purchase agreements.
- has a cap of 500 kW. has a cap of 500 kW.
- cap for power purchase agreements. cap for power purchase agreements.
- their respective programs caps. their respective programs caps.
MN
Minnesota 2025 1st Special Session
Committee on Housing and Homelessness Prevention - 02/27/25
Housing and Homelessness Prevention
Transcript Highlights:
- This bill intends to clarify that the 8% cap also applies to manufactured home park residents.
- c><00:25:24.120>
short <00:25:24.440>this <00:25:24.559>bill <00:25:24.799>caps - <00:25:25.080>
late 1207 uh in short this bill caps late 1207 uh in short this bill caps late - Um, under 504B, late fees are capped at 8%, the same as our usury law in the state of Minnesota, and
- at 8% however we think there could cap at 8% however we think there could be<00:43:07.200>
some
MN
Transcript Highlights:
- But this would otherwise cap an individual community's responsibilities.
- <00:46:33.440>
will know approximately what their cap will know approximately what their cap - , but um that is um that have higher caps, but um that is a<00:46:51.119>
less <00:46:51.280>- The updated policy reduces that to the mid-300s for a cap with ability to pay.
- Their cap now will be $21,000.
CA
California 2025-2026 Regular Session
Assembly Appropriations Committee Apr 8th, 2026
Transcript Highlights:
- When we impose a strict weekly cap, we are not just adjusting a schedule.
- week due to illness or some of these family emergencies, those hours are simply lost under a weekly cap
- A rigid cap removes the little flexibility that they do have to access these services in entirety.
Summary:
The Assembly Appropriations Committee met on April 8, 2026, with a quorum established and 59 bills listed for consideration. The committee first approved two consent calendars: several bills were sent to the Assembly floor on a due-pass basis, and a smaller set was approved due-pass but not eligible for the floor consent calendar. The proposed suspense calendar was then deemed approved without individual debate on those measures.
The committee heard several bills in regular order. AB 1977, sponsored by the Secretary of State, would clean up and clarify the Online Notarization Act to support implementation by 2030; it drew no opposition and was approved. AB 2011 would codify existing federal mental health parity standards into state law; supporters said it would preserve enforcement authority, while health plans opposed it as premature given federal uncertainty and possible premium impacts; the bill was placed on the B roll call. AB 1673 would give county fish and game commissions more flexibility to use certain revenues for wildlife conflict prevention, and it advanced on an A roll call. AB 2233 would allow unused authorized ABA therapy hours for children with autism to be made up within the authorization period; supporters emphasized access and continuity of care, while insurers warned of higher costs and reduced utilization safeguards; it advanced on an A roll call. AB 1660, as amended, would give courts more flexibility in cases involving financial institutions and public guardians/conservators, with supporters saying it could save counties time and money; it was approved due-pass as amended.
During general public comment, speakers voiced support for AB 2081 and AB 1667, and opposition to AB 1777. After public comment and final vote recording for absent members, the committee adjourned.
OK
Oklahoma 2026 Regular Session
Economic Development, Workforce and Tourism REVISED Feb 17th, 2026 at 01:30 pm
Economic Development, Workforce and Tourism
Transcript Highlights:
- So I don't see that there's a per household limit or any kind of cap on this other than the city match
- However, there are caps on the organizations, and no one organization can get more than $250,000 for
- And I I did hear you say that the cap is $250,000. And I'm sure I just don't see that.
Keywords:
SB1425, health care, healthcare workforce, workforce board, Health Care Workforce Resources Board, Health Care Workforce Resources Act, Oklahoma Health Care Workers and Educators Assistance Program, repeal, statutory repeal, health care workers, educators, workforce development, health professions, state board, assistance program, Oklahoma statutes, economic development, incentives, enterprise zones, local government
PA
Transcript Highlights:
- This bill reallocates educational tax credit caps for 2026 through 2027 and replaces the EITC and OSTC
- And as I was going to get my cap and gown, and Madam Speaker, every word of this story is true, I was
- And as I was going to get my cap and gown, and Madam Speaker, every word of this story is true.
- When I was going to get my cap and gown, I was told I can't graduate with my class because we can afford
- By lifting and eliminating the per-pupil cap on scholarships, that means it's easier for poor kids like
Summary:
The House convened, opened with prayer and the Pledge of Allegiance, approved several journals, and welcomed a number of guests, including Irish dignitaries, scholarship winners, interns, student pages, and members of Omega Psi Phi. After confirming a quorum, the chamber received committee reports and referred new bills and resolutions, then recessed for caucuses and committee meetings before returning to floor action.
In the afternoon session, the House considered several bills and amendments. It approved amendments to House Bills 426, 1127, 2551, and Senate Bill 146, while rejecting an amendment to HB 1127 that would have tightened background-check requirements for out-of-state dentists. The chamber also agreed to HB 2234, which creates a spent grain donation tax credit and updates the malt beverage tax credit, and HB 2551, which limits text-message notices by the Turnpike Commission and other agencies about unpaid fines, fees, or tolls. Senate Bill 146, creating the Veterans Trust Fund Board, was amended to add audit-related changes and then agreed to.
The House then took final passage votes on several bills. HB 133, allowing a process to petition for reinstatement of parental rights, passed 191-11; HB 138, barring parental incarceration as the sole basis for termination of parental rights, passed 200-2; HB 2207, on capital development loans, passed 202-0; and HB 2224, dealing with utility rate and tax-related changes, passed 202-0 after extensive debate over affordability, consumer protections, and tax relief. HB 2473, repealing the Flood Insurance Education Information Act of 1996, also passed unanimously, and HB 2544, addressing school administrator rights and compensation disputes, passed 141-61.
The most extensive debate centered on HB 2632, which reallocates educational tax credit caps and replaces the EITC and OSTC programs with a new options tax credit framework beginning in 2027-28. Supporters said it would improve transparency, accountability, and access for the poorest students, while opponents argued it would reduce scholarship opportunities, add burdens, and harm families and schools that rely on the current programs. After lengthy debate, the House passed HB 2632 by a vote of 105-97. The chamber then announced a Finance Committee voting meeting, recommitted several bills to Appropriations, and adjourned until June 23, 2026.
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Transportation Jun 21st, 2026 at 01:00 pm
Joint Committee on Transportation
Transcript Highlights:
- And what’s most interesting, and I have the paperwork here, there are 17 states that have a cap on documentation
- I have the paperwork here: there are 17 states that have a cap on documentation fees.
- Does your bill call for transparency in addition to a cap, whereas the dealers just will have to advertise
- Most states, it is capped in several states at various amounts, as low as I believe 75 bucks and as high
- Most states, it is capped in several states at various amounts, as low as I believe 75 bucks and as high
Summary:
The Joint Committee on Transportation held a hybrid hearing on a large slate of bills covering motor vehicle sales, registration, title processing, dealer regulation, and several local matters. Chair Cyrro noted that Senate Bill 2414 had been postponed at the sponsor’s request, though public testimony would still be accepted. The hearing then heard testimony on measures including S. 2367, which would make an insurer primary for losses caused by an insured driver in a rental car; H. 3698 and related bills on codifying registration of 25-year-old imported Japanese kei vehicles; H. 3701 on requiring lienholders to release titles within seven days; H. 3690 on capping dealer documentation fees; and H. 3641 on requiring education for class two motor vehicle dealers. Testimony also addressed e-titling and e-signatures, peer-to-peer car sharing, temporary license plates, duplicate plates, general registration plates for motor vehicle distributors, and a bill to ban tinted license plate covers.
Supporters of the rental-car insurance bill argued Massachusetts is an outlier compared with 47 other states and said the change would improve fairness, competition, and consumer understanding without raising premiums. Dealers and industry groups generally supported e-titling/e-signature modernization and the inspection-related bill, but urged safeguards to preserve title, registration, and insurance verification. The Massachusetts State Auto Dealers Association opposed the doc-fee cap, saying documentation fees are a disclosed cost-recovery tool that varies by dealership. Representatives and advocates for kei vehicles said the RMV’s 2024 reversal showed the need to codify the rules in law, while opponents of the RMV’s approach described it as arbitrary and harmful to owners and importers. Supporters of the dealer-education bill said it would curb unregulated “curbstoning” and help ensure proper title handling and consumer protection.
Several local and specialty bills also drew testimony. Hatfield officials supported a local bill allowing golf carts on certain town roads under strict safety rules, and Representative Ayers testified for a bill banning tinted license plate covers to aid toll collection, law enforcement, and vehicle identification. Senator Lovely and other advocates supported the “Easy ID” license plate proposal, saying it would improve vehicle recognition in crime and child-abduction investigations. The committee took no votes during the hearing and adjourned after public testimony concluded.
OK
Oklahoma 2026 Regular Session
House of Representatives Second Regular Session of the 60th Legislature Day 24 Mar 12th, 2026 at 09:30 am
Oklahoma House Floor Meeting
Transcript Highlights:
- Speaker, last year we ran a bill that capped the surcharge at 2% for retailers on the amount that they
- If you listen to committee or were in the oversight committee, we talked about should we raise the cap
- And we just decided not to, you know, raise the cap to 3.5 or 4% or so on because I think that would
- that may be paying, you know, $50, $60, $1000 of fees that aren't covered because they're over the 2% cap
- How did we get to the $250 million bond cap?
Bills:
HB2997, HB2021, HB3041, HB1823, HB3372, HB1427, HB3127, HB3128, HCR1020, HB4198, HB3000, HB3001, HB3002, HB3003, HB3004, HB3005, HB3006, HB3007, HB3008, SB392, HB3320
Keywords:
motor vehicles, administrative fines, license regulation, state agencies, employment levels, after-school programs, grant funding, community organizations, child care, Oklahoma Department of Human Services, credit card transactions, payment methods, service charge, consumer rights, financial regulation, housing finance, Oklahoma Housing Finance Agency, publication requirements, housing policy, state regulations
OK
Oklahoma 2026 Regular Session
Energy and Natural Resources Oversight Feb 25th, 2026 at 09:00 am
Energy
Transcript Highlights:
- Last year, it was raising the cap, which this also does.
- It was raising the cap, which this also does.
- And so what this bill does is it raises the cap to allow businesses to grow to the point where it makes
- And then my only other question is really regarding the increase in the cap.
- So I'm just curious with that additional cap of being $1.5 million, it's a pretty dramatic increase.
Bills:
HB4338, HB3977, HB2100, HB2975, HB3056, HB3406, HB3720, HB4316, HB3405, HB1907, HB3142, HB3173, HB3270, HB3728, HB2440, HB2596, HB3466, HB3469, HB4338, HB3977, HB2100, HB2975, HB3056, HB3406, HB3720, HB4316, HB3405, HB1907, HB3142, HB3173, HB3270, HB3728, HB2440, HB2596, HB3466, HB3469
Keywords:
HB4338, Oklahoma Brine Development Act, brine unitization, produced water, produced water unit, oil and gas wastewater, produced water recycling, reclaimed water, constituent elements, brine rights, solution gas, Corporation Commission, unitization, royalty interests, surface owner, oil and gas produced water, recycling and reuse, wastewater disposal, mineral extraction, lithium extraction
FL
Transcript Highlights:
- policies will be much more costly to the consumer and To taxpayers, especially when you're talking about a cap
- and tax or cap and trade type of situation, we're trying to mitigate any kind of costs for constituents
- prohibits, according to the bill analysis, establishing statewide, regional, or geographical limits or a cap
- I want some of that capping. Yes, I'm sorry. Show theyre. I yes. Smith? Yes, Spencer? Yes. Yeager?
- This program includes a statewide cap of $5 million dollars annually.
NM
New Mexico 2025 Regular Session
IC - Science, Technology and Telecommunications Nov 12th, 2025
Science, Technology & Telecommunications Committee
Transcript Highlights:
- are gone, we may want to consider raising the percentage back up to 30, and to raise the limit, the cap
- But raising that cap to say 9,000 or something higher would.
- To do this, we wouldn't need any new staff or resources, and because this tax credit is already capped
- tax credit is gone, we may, as a state, want to consider restoring that to 30% and also lifting the cap
- because that wouldn't require for us any new staff resources, and because that tax credit is already capped
WA
Washington 2025-2026 Regular Session
Joint Committee on Veterans’ & Military Affairs Oct 30th, 2025
Transcript Highlights:
- The second has to do with eligibility for E-CAP.
- so making sure that these families who are at the poverty level in Washington State have access to E-CAP
- In Washington State, to have access to E-CAP, early learning is one of the best investments we can make
- that our military families are also eligible for early learning opportunities and options through E-CAP
- It's not expanding E-CAP slots, but it's allowing our military families to also be eligible, which currently
Summary:
The Joint Committee on Military and Veterans Affairs heard presentations on several military and veterans-related topics. Dr. Dan Calvert briefed the committee on the JBLM Sentinel Landscape Partnership, explaining its voluntary conservation work to reduce encroachment around the base by protecting prairie habitat, supporting agriculture, and managing sensitive species. He described REPI funding, recent and proposed projects, and possible policy support such as state designation, dedicated funding, management endowments, prescribed fire flexibility, and water-right transfer tools. Members asked about seed sourcing, the distinction between natural-resource encroachment and development-related encroachment, and the impact of federal REPI staffing cuts.
David Puente of the Washington State Department of Veterans Affairs updated the committee on plans for a new state veterans cemetery in the Tri-Cities area and a replacement Spokane Veterans Home. He said the cemetery project has two candidate sites near Richland/West Richland, with pre-design funded by the legislature and a future request expected for land purchase and construction; he also noted the current cemetery funding source is limited and would not support a second cemetery without additional state operating funds. On the Spokane home, he described the current facility’s limitations and said the replacement would be a 120-bed, small-house model on a larger site, with the VA expected to cover 65% of construction costs if the state provides the match. He also reviewed agency budget reductions, including vacant positions, reduced outreach, cuts to counseling and wellness funding, and reduced support for veterans service organizations.
Blue Star Families’ Puget Sound chapter also presented on its programs for military-connected families, including Coffee Connects, a children’s book club, outdoor programming, career support, and Blue Star Welcome Week. The group said it is expanding beyond the South Sound and is using local outposts and online networks to reach more families, while also helping with food insecurity through grocery gift cards and partnerships with local nonprofits. Committee members discussed the need to expand the organization statewide and the ongoing food-security challenges facing military families.
During the final discussion on potential legislation, members raised ideas including restoring Washington National Guard retention efforts, expanding E-CAP eligibility to military families, revisiting the composition of the Veterans Affairs Advisory Committee, and addressing veterans’ preference issues for service members who have not yet received a DD-214. The committee did not take any formal votes or actions, but members and presenters discussed future policy and budget requests, and the chairs thanked the presenters and staff before adjourning.
NM
New Mexico 2025 Regular Session
IC - Investments and Pensions Oversight Oct 8th, 2025
Investments & Pensions Oversight Committee
Transcript Highlights:
- Generally, when plans have a variable COLA, there are certain floors or caps that are variable based
- So the benefit used to be capped at 80% of your final average salary, and so if you work longer than,
- So those long careers are helpful, and if we contract ourselves to ERB, there is no cap.
- Currently, existing statute states that if you are on disability, you have an earnings cap of what you
- It's the earnings cap for Social Security or $15,000, whichever is less.