Video & Transcript Research : 'replacement cost value'

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MN
Transcript Highlights:
  • , your work has no value.
  • we need to bend the cost curve down. we need to bend the cost curve down.
  • spent except for limited closeout cost. spent except for limited closeout cost.
  • full cost of graduate education. full cost of graduate education.
  • so much that happens in our uh value so much that happens in our uh value added<02:13:50.400>
Keywords: 1187, senate, all
MN

Minnesota 2025 1st Special Session

Committee on Energy, Utilities, Environment and Climate - 03/26/25

Energy, Utilities, Environment, and Climate

Transcript Highlights:
  • The cost user inflated.
  • costs are going up.
  • costs, and transmission costs.
  • , generation like capital costs, generation like capital costs, maintenance<01:10:24.560> costs
  • <01:53:18.159> of the cost of energy and and the cost of the cost of energy and and the cost
Keywords: 1187, senate, all
HI
Transcript Highlights:
  • cost of living adjustment in the bill? cost of living adjustment in the bill?
  • So as property values go up, we're also applying a second cost-of-living adjustment to that.
  • what the cost of living adjustment but what the cost of living adjustment<00:25:19.200> would
  • <00:26:05.200> of just confirm that what is the cost of just confirm that what is the cost
  • because of the cost of infrastructure. because of the cost of infrastructure.
Summary: The joint public hearing covered several housing-related bills and one building-code measure. HB 1719 would make manufactured homes a permitted use by right on residentially zoned lots in the urban district, HB 1742 would authorize self-contained relocatable housing units with restrictions, and HB 1737 would clarify that a farm dwelling in an agricultural district may include an accessory employee housing structure. Testimony on these bills was overwhelmingly supportive from groups including Hawaii Realtors, Grassroot Institute of Hawaii, Housing Hawaii’s Future, the Modular Building Institute, the Hawaii Farmers Union, and others, with a few agencies offering comments. No one testified in opposition on HB 1719 or HB 1742, while HB 1737 drew one opposition and one comment in addition to broad support. No votes were taken during the hearing segment provided. A major portion of the hearing focused on HB 2049, which restructures the conveyance tax into a marginal-rate system and changes how the revenue is allocated, including funding for the Department of Hawaiian Home Lands and the rental housing revolving fund, while also affecting the legacy land conservation fund. Supporters, including DHHL, Hawaii Appleseed, Aahu Youth Action Board, Hawaii YIMBY, and others, argued the bill would help Native Hawaiian housing and, for most transactions, function as a tax cut. Opponents, including NAP Hawaii, Hawaii Realtors, Hawaii Land Trust, Mhai Land Trust, and the Tax Foundation of Hawaii, objected to using conveyance tax as a revenue-generating tool and raised concerns about higher upfront costs and reduced funding for other housing uses. Committee members and staff discussed the bill’s revenue estimates, the reduced percentage but higher cap for the land conservation fund, the effect on rental housing funding, and the bill’s cost-of-living adjustment language; staff said a line-by-line comparison of the current and proposed tax structure would be provided before decision-making. The hearing also took up HB 1725, which would extend the state building code adoption cycle from two years to six years, apply the IRC to triplexes and fourplexes, allow counties to adopt more or less stringent amendments, and appropriate funds for code adoption work. Most testimony supported the bill, with advocates saying the current process is unmanageable, too resource-intensive, and creates confusion because state and county codes can diverge; supporters said a longer cycle would improve clarity and allow more focused review. The International Code Council and the American Society of Heating, Refrigerating, and Air-Conditioning Engineers opposed the measure, warning that delaying adoption could have negative consequences and urging the committee to let an existing statewide code-adoption strategy proceed first. Members asked about sequencing, county implementation, and whether the longer cycle would create catch-up problems, but no action was taken in the excerpt provided.
LA
Transcript Highlights:
  • So in essence, you could harvest it without—and I know that would come at a cost.
  • In essence, you could harvest it without, I know that would come at a cost.
  • Maybe it would come at a cost to the parish that this is happening in.
  • Many of these ATV costs, as you all know, cost as much as a car these days—some of them $30,000, $40,000
  • Small local systems are left dealing with the cost and the disruption.
Summary: The Senate Commerce Committee met on May 13 with a quorum present and approved the prior meeting minutes. The committee then heard and advanced a series of House bills, many of them described as modernization or consumer-protection measures. HB 555, as amended, expands the definition of financial exploitation under the Protection of Eligible Adults from Financial Exploitation Act, adds training and transaction-delay provisions for financial institutions, and was reported favorably after technical and substantive amendments. HB 1166 creates a disclosure form for vacant residential property transactions and was also reported favorably. HB 267, which changes how candidates for the Louisiana Board of Home Inspectors are submitted to the governor, and HB 1195, which updates rules and penalties for athletic contests, exhibitions, and sports-agent/NIL regulation, were each moved favorably without objection. The committee also advanced several licensing and regulatory bills. HB 917 modernizes life safety and property protection licensing by reducing burdens on some employees and moving to a three-year license cycle; it was reported favorably. HB 1230 overhauls Louisiana’s money transmission laws, replacing older statutes with a new framework for digital payments and stronger consumer protections; a technical amendment was adopted and the bill was reported as amended. HB 1103, described as opening Louisiana for business in certain commerce areas, was reported favorably. HB 478 requires utility bills to clearly label and reimburse overcharges within 90 days and was reported favorably. HB 1096 gives electric cooperatives an opt-out from a prior law allowing boards to amend bylaws without member approval, and HB 921 modernizes private security licensing while restoring penalties for unlicensed activity; both were reported favorably, with HB 921 amended. HB 548 adds CPA licensure pathways to help address shortages, especially in rural areas, and was also reported favorably. Several bills drew more extensive discussion. HB 670 would promote wood pellet manufacturing and related workforce development; supporters argued it could create jobs and help manage timber waste, while an opponent warned about pollution, environmental violations, and the risks of biomass facilities. Committee members raised concerns about permitting and environmental oversight, but the bill was ultimately reported favorably, with discussion of possible follow-up with DEQ. HB 259, dealing with BEAD broadband projects, extends notice requirements before excavation, requires coordination with utility operators, and addresses damage reimbursement; an amendment was adopted and the bill was reported as amended. HB 848 clarifies repair obligations for ATV and golf cart sellers, aiming to ensure consumers have meaningful repair access and to level the playing field between small dealers and big-box retailers; it was reported favorably after questions about enforcement and service requirements. The committee also heard HB 672 and HB 670 as economic-development measures tied to brick manufacturing and wood pellets, respectively, and both were moved favorably. At the end of the meeting, the chair announced that remaining bills would be carried over to the following week, and the committee adjourned.
MN
Transcript Highlights:
  • The next section is Senate-only, found in section 35, and establishes a maximum value of a merchandise
  • >> And so then we have something of value.
  • >> And so then we have something of value. >> Okay. >> Okay. >> Okay.
  • We may not we know that it has value.
  • <00:47:35.040> of the importance of that and the cost of the importance of that and the cost
Keywords: 918, senate, all
Summary: The committee met to walk through nonpartisan side-by-side comparisons of House File 4188, focusing on differences between House and Senate language across consumer protection, insurance, financial services, health, and technical provisions. Staff highlighted numerous Senate-only items, including rules for financial providers communicating through trusted contacts, virtual currency requirements for banks and credit unions, a prohibition on virtual currency kiosks beginning in 2026, mortgage servicing and student loan servicing changes, the Rental Home Marketplace Guarantees Act, insurance and travel-related provisions, scrap metal licensing changes, protections related to minors accessing chatbots and AI companions, and several technical or conforming repealers. Staff also noted that some provisions were identical or substantially similar between the chambers, including mortgage originator standards, student loan borrower protections, securities-related changes, unclaimed property provisions, and technical updates in the bill’s miscellaneous articles. The Senate-only health-related articles were also summarized, including repeal of the prescription drug affordability advisory council, technical changes to the reinsurance program, and a series of health insurance provisions on enrollment-growth notices, limits on officer and director salary increases under certain capital conditions, guaranteed issue rights for certain Medicare supplement enrollees, data-sharing between Commerce and Health, restrictions on using artificial intelligence alone to deny claims, reimbursement for clinical trainees, home care nursing coverage, and PBM transparency. The Senate’s telecommunications article was described as largely technical and conforming, with repeals of obsolete statutes. Staff also noted that some standalone bills had already passed and would be removed from the comparison report. Public testimony followed. Thomas Elness of AARP Minnesota supported inclusion of the cryptocurrency kiosk bill, expressed support for guaranteed issue protections for a narrow group of consumers affected by discontinued plans, and urged adoption of changes to the consumer protection restitution account, including raising the cap to $10 million per fiscal year. Representative Lee testified that the restitution account proposal should be treated as policy rather than finance because it has a zero fiscal note, and said the House would accept the Senate’s $10 million cap. Robin Rowan, representing the Minnesota Insurance and Financial Services Council and the U.S. Travel Insurance Association, urged adoption of Senate travel insurance language, requested a House-style change to lead-generation recordkeeping language, and supported a Senate provision allowing employers and insurers to coordinate notice to employees when group policies are cancelled. The Department of Commerce then responded to questions, explaining that the prescription drug affordability council would be sunset because the board already has other avenues for public input, that the reinsurance changes were technical and did not alter the prior agreement, and that the abandoned cryptocurrency provisions rely on statutory definitions of inactivity and known examples such as keys stored in safes or deposit boxes.
MA

Massachusetts 2025-2026 Regular Session

Formal House Session 52 Jun 21st, 2026 at 10:50 am

Massachusetts House Floor Meeting

Transcript Highlights:
  • Most valued by men.
  • Costs of doing business, energy, rent, and wholesale prices have continued to go up.
  • Costs of living pose significant challenges.
  • Costs of doing business, energy, rent, wholesale prices have continued to go up.
  • Costs of living pose significant challenges.
Keywords: 995, all
Summary: The House first adopted several resolutions from the Committee on Rules, including congratulations to four Eagle Scouts and recognition of Sturbridge on the 250th anniversary of the United States. The chamber then took up a series of bills reported by Ways and Means and other committees, repeatedly suspending the rules to move them forward. These included the Massachusetts Consumer Data Privacy Act, a Fall River land conveyance bill, a Belmont alcohol licensing bill, a Reading senior property tax exemption bill, and a Linfield funding transfer bill, with each measure advancing by amendment or being passed to a third reading or engrossment. A major portion of the session focused on the Massachusetts Consumer Data Privacy Act, with multiple members speaking in support. Supporters described the bill as a broad consumer privacy framework that would limit data collection, require consent for sensitive data, ban the sale of precise location data, restrict targeted advertising to minors, create consumer rights to access, correct, delete, and opt out of data uses, and provide enforcement tools for the Attorney General and, in limited cases, a private right of action. Several members emphasized protections for reproductive health, immigrant communities, and neural data, while others argued the bill would not burden small businesses and would instead hold large data holders accountable. The House adopted the Ways and Means amendment and ordered the bill to a third reading, then later passed the bill to be engrossed and enacted. The House also considered and enacted Senate 2563, a bill updating language in the laws concerning individuals with intellectual and developmental disabilities. Members described the measure as removing outdated and offensive terminology and replacing it with person-first language without changing substantive law. After debate, the House adopted an amendment, passed the bill to be engrossed, and then enacted it by roll call. In addition, the House enacted the fiscal year 2026 supplemental appropriations bill, House 5470, and approved a bill extending deadlines for Middleton and Milton, both by roll call votes with no opposition. Later, the House took up a temporary summer 2026 local-option pilot allowing municipalities to extend liquor license hours and permit public consumption in designated districts. Supporters framed it as an economic development and tourism measure tied to major upcoming events, and the House adopted an amendment, passed the bill to be engrossed, and then concurred with the Senate version. The session ended with the House adopting an adjournment order and adjourning to meet again the following Monday in informal session.
NM

New Mexico 2025 Regular Session

House - Appropriations and Finance Jan 23rd, 2025

House Appropriations & Finance

Transcript Highlights:
  • The program ended up costing 42 million.
  • And then what you see on Line 98, universal school meals, potential cost overrun.
  • Be looking at one-time spending as a recurring cost each year.
  • In statute, they are required to be replaced on a 12-year cycle.
  • They are covering almost the entire cost, about $400,000 per bus.
TX

Texas 89th Regular

Intergovernmental Affairs Mar 18th, 2025

Intergovernmental Affairs

Transcript Highlights:
  • compared to the total value of abatements.
  • It's costing your taxpayers a lot of money. It's costing your taxpayers valuation. And, Mr.
  • The total value lost to the City of Irving is about $118 million in property value.
  • And that 15 percent, there's a lot of things that can qualify under there, from replacing carpet to replacing
  • So, how much will it cost? What's the cost burden on businesses for implementing E-Verify?
HI

Hawaii 2025 Regular Session

AGR Public Hearing - Fri Mar 21, 2025 @ 10:00 AM HST

Agriculture & Food Systems

Transcript Highlights:
  • more value-added processing activities, as well as suppliers in this area.
  • It's not costing any money right now.
  • production agriculture just to replace production agriculture just to replace the<00:23:20.880><
  • It's not costing any it in finance.
  • It's not costing any money<00:23:48.240> right<00:23:48.480> now.
Keywords: 910, house, all
FL

Florida 2025 Regular Session

May 13, 2025 - 02:00 PM

Transcript Highlights:
  • The concern comes back to them with, once again, how are we going to replace the revenue?
  • ...comes back to them with, once again, how are we going to replace the revenue?
  • That makes zero sense to me, and it's a ton of cost that comes back into our projects.
  • Additionally, you know, we talked a lot today about replacing revenue.
  • Additionally, you know, we talked to that a lot today about replacing revenue.
Summary: The Select Committee on Property Taxes met for a listening session focused on a presentation by Amy Baker of the Joint Legislative Office of Economic and Demographic Research on local government revenues and expenditures. Baker reviewed statewide financial data for counties, municipalities, and independent special districts, using 2018-19 as a baseline year because it was stable and pre-COVID. She explained that counties rely heavily on taxes, with ad valorem taxes making up about 73% of county tax revenue and about 24% of total county revenues statewide, while municipalities rely more on charges for services and have a lower statewide ad valorem share of about 14.7%. She also noted wide variation across local governments, with some counties and cities highly dependent on property taxes and others using them minimally or not at all. Special districts were shown to be very different from counties and cities, with hospital-related revenues and expenditures dominating many of them, while water management districts were more reliant on ad valorem taxes and focused expenditures on the physical environment. Baker also summarized expenditure patterns: counties spent the largest share on public safety, while municipalities spent the largest share on general government services, followed by physical environment and public safety. She emphasized that local government structures vary widely and that the committee should study what characteristics are associated with greater property tax reliance. She said the next research steps would be to extend the analysis through later years, including the COVID and inflation period, and to examine institutional and legal factors that shape local fiscal structures. Members asked about unfunded mandates, fuel taxes, reserves, school taxes, millage rates, and how property taxes relate to specific services such as police and fire. Baker said the current analysis did not yet account for mandates or school taxes and that further work could examine links between revenues and expenditures, commercial versus residential tax burdens, and other factors. After the presentation, members reported back on local meetings with counties and municipalities. Several described large differences in millage rates, revenue mixes, and the impact of any property tax changes on fiscally constrained counties versus larger, wealthier ones. Concerns were raised about how local governments would replace lost revenue, especially for public safety and emergency response, and members discussed the need to consider both revenue replacement and ways to rein in spending. The co-chairs said the committee would continue gathering information, send members follow-up homework and requests for panel suggestions, and invite additional input from constituents, stakeholders, and local governments. The meeting ended with no votes or formal actions beyond adjournment.
CA
Transcript Highlights:
  • This is about aligning our tax code with our values.
  • For complex commercial properties, these costs can be substantial.
  • These are avoidable costs driven by delay, not by policy.
  • These are avoidable costs driven by delay, not by policy.
  • The amendments replaced the list.
Summary: The Assembly Committee on Revenue and Taxation heard several bills, most of them referred to the suspense file because of their fiscal impact. AB 2465 and AB 1675 would deny state grants, loans, tax credits, or other benefits to companies doing business with ICE or related immigration-enforcement agencies; both drew strong support from immigrant-rights, labor, and community groups, and opposition from CalChamber and industry groups that argued the bills were overly broad and could affect unrelated federal contracts. AB 1633 would impose a 50% gross receipts tax on for-profit private immigration detention facilities, with supporters saying it would hold companies accountable for dangerous conditions and opponents warning it was punitive and could disrupt detention operations. The committee also heard AB 2089, which would streamline the welfare property tax exemption process for affordable housing, and AB 2250, a cleanup bill to clarify hemp enforcement laws; both were supported by affected industry and advocacy groups, while county assessors and tax collectors opposed AB 2089 unless amended over workload and implementation concerns. AB 2172, which would allow counties to use a single-member assessment appeals commissioner for complex property tax appeals, was the only bill taken up for a vote during the meeting. Supporters, including Los Angeles County Assessor Jeffrey Prang, said the change would reduce a large backlog and speed resolution of appeals; the committee adopted amendments and passed the bill 4-0 to the Assembly Committee on Appropriations. The committee also heard AB 2319, creating a proposed post-production tax credit to keep film and television post-production work in California, with support from labor and industry representatives who said jobs and spending were leaving the state; the author said the bill still needed work on labor standards and the annual credit cap. Finally, AB 2403 was presented to create a commercial production tax credit to keep commercial shoots in California. The author and supporters said commercial production has declined sharply in the state and that other states are winning work through targeted incentives, while labor-backed witnesses argued the bill would protect middle-class jobs and local spending. The transcript ends during the presentation of AB 2403, before any vote or final action on that measure.
ND

North Dakota 2026 1st Special Session

Child Custody Review Task Force Apr 13th, 2026 at 10:00 am

Child Custody Review Task Force

Transcript Highlights:
  • Typically, those are a county cost.
  • just want to make sure that it is not just a cost to the state, but it is also a cost overall to the
  • costs from other areas?
  • And that's what I'm trying to say is we need to limit some sort of cost, have a cost limitation to this
  • You know, when these bills come forward with mandates on them, then there's cost, fiscal costs that are
Keywords: 908, all
MN

Minnesota 2025-2026 Regular Session

House Housing Finance and Policy Committee 3/24/26

Housing Finance and Policy

Transcript Highlights:
  • fund about 30% of the project costs. fund about 30% of the project costs.
  • New manufactured homes not only are cost-effective, energy efficient, and durable, while costing
  • ,<00:38:59.280> paying running the community at cost, paying running the community at cost
  • And that a replacement reserve.
  • 00:52:52.240> as<00:52:52.480> a replacement reserve is there as a replacement reserve
Bills: HF4234, HF484, HF483, HF2614
NH

New Hampshire 2026 Regular Session

House Finance Division III (02/13/2026)

Transcript Highlights:
  • Um, so there's space that could be rehabbed at great cost, not great cost, but at cost, to be occupied
  • Um, so there's space that could be rehabbed at great cost, not great cost, but at cost, to be occupied
  • Um, so there's space that could be rehabbed at great cost, not great cost, but at cost, to be occupied
  • So, there's space that could be rehabbed at great cost, not great cost, but at cost, to be occupied.
  • . cost. cost.
Keywords: 1189, house, all
Summary: The House Finance Division 3 work session opened on February 13, 2026, with the chair outlining the committee’s advisory role and the possible motions available under House Rule 45. The committee then took up House Bill 1569, concerning the Philbrook Center/state hospital campus property, and heard extensive testimony from Commissioner Charlie Arlinghouse. He explained that the property is currently one parcel and state law prevents subdivision unless a separate Senate bill, identified as SB 572, is enacted to fix the legal issue. He said HB 2 directed the sale of the property but did not address subdivision or marketing details, and he characterized the $5 million revenue estimate as speculative. He also said the state would first offer the property to the city or county, which he viewed as the most practical buyer and potential partner for any subdivision work. Members asked whether the building should be retained for transitional housing or sold, what would happen after July 1, 2026, and whether other vacant state buildings could absorb the current occupants. Arlinghouse said there are no firm plans for the building if it is not sold, and that HHS would remain until a sale occurs. He described the building as not especially historic or attractive and noted plumbing issues, while also acknowledging HHS’s view that it could serve as transitional housing. He said there is no reserve stock of office space, that the state already rents substantial office space in Concord, and that some nearby state buildings are either under renovation or only partially usable. He also said the Executive Council would have to approve any sale and that moving costs are usually not budgeted in advance, leaving the using agency to absorb them. Several members raised concerns about relying on asset sales to balance the budget, citing past examples where projected real estate revenue did not materialize on schedule. Arlinghouse agreed that one-time revenue should generally be used for one-time expenses, but said the state sometimes has legitimate reasons to sell assets and that such decisions depend on the state’s needs. He estimated the state rents roughly 100,000 square feet of office space in Concord at about $25 per square foot, and said he would provide a more exact figure later. In response to a question about whether the state should include a right of first refusal if the property is later resold, he said that idea had not been considered but could make sense, especially if the buyer is the city or county. No votes were taken during this portion of the work session.
CA

California 2025-2026 Regular Session

Assembly Revenue and Taxation Committee Jun 22nd, 2026

Revenue and Taxation

Transcript Highlights:
  • . ...within five years after the disaster as a replacement property.
  • Recent fire events have shown that five years has proven to be a difficult timeline to get replacement
  • In recognition of this, ...timeline to get replacement property built.
  • Veterans, like all Californians, are struggling with the high cost of living.
  • That type of experience that they have through their military service is something that is so valued
Keywords: 988, house, all
NH

New Hampshire 2025 Regular Session

Senate Finance (05/27/2025)

Finance

Transcript Highlights:
  • <00:20:29.360> us definitively shown it's going to cost us definitively shown it's going to
  • cost us uh<00:20:30.080> some<00:20:30.480> something.
  • and the cost of projects for example and the cost of projects that<00:29:53.200> again<00:29:
  • uh other funding to replace this funding if<00:35:47.680> possible.
  • <00:57:52.160> section to make that change uh replace section to make that change uh replace
Keywords: 1191, senate, all
AR

Arkansas 2026 Regular Session

ALC-REVIEW Feb 17th, 2026

ALC-REVIEW

Transcript Highlights:
  • And the second with Tech is the Tucker-Chiller project, valued at $1.8 million.
  • This is for the Melbourne Administration Building roof replacement.
  • They estimate the total cost for this project to be $75.5 million, using capital reserves.
  • It helps sell the value.
  • It helps sell the value of the airport.
Summary: The committee first considered an $88,000 used tire program contract for District 4 with LTR Intermediate Holdings. Senators raised concerns that the tire district’s revised business plan had not yet been approved and that the contract could worsen cash flow before funding was confirmed. Questions were also raised about procurement language in the RFP that excluded bidders under corrective action plans. After discussion, a motion was made and approved to hold the contract until next month so the tire board could appear and answer questions. Members then reviewed a large slate of methods of finance, alternative delivery projects, and discretionary grants. These included capital projects at ASU Mid-South, Arkansas Tech, Ozarka, UA Fayetteville, UA Little Rock, UAMS, and UCA; a new UCA multi-purpose arena project estimated at $75.5 million; and DHS and Department of Health grants for aging services, substance abuse prevention, mental health, nutrition, hearing-loss follow-up, HIV services, and rural hospital quality improvement. All of these items were reviewed without objection. The committee also heard a ratification request from UAMS for a Family and Medical Leave Act outsourcing contract with FMLA Source. UAMS said an amendment had been prepared but never submitted for review, and payments continued after expiration; members expressed frustration and asked UAMS to review whether other contracts had similarly lapsed. The committee then reviewed numerous construction-related, intergovernmental, out-of-state, and in-state contracts, including airport economic impact study work, parking guidance technology at the University of Arkansas, veteran nursing services, and multiple DHS service contracts. Most items were reviewed without objection, and the meeting adjourned after reports of routine contract amendments and minor contracts were presented for information.
MN

Minnesota 2025-2026 Regular Session

House Workforce, Labor, and Economic Development Finance and Policy Committee 3/25/26

Workforce, Labor, and Economic Development Finance and Policy

Transcript Highlights:
  • it, they can still do it at their cost. it, they can still do it at their cost.
  • this is an ongoing cost. this is an ongoing cost.
  • We cannot easily redistribute the work or bring in temporary replacements without significant cost and
  • We cannot easily redistribute the work or bring in temporary replacements without significant cost and
  • We want to value both because we understand the value of both.
OK

Oklahoma 2026 Regular Session

Energy REVISED Apr 9th, 2026 at 09:30 am

Energy

Transcript Highlights:
  • So, they assumed that cost.
  • , but it doesn't cost us anything.
  • It doesn't cost us the state anything, but it costs the taxpayers and it's going to cost those individuals
  • But then, it's a cost to a homeowner and a cost to a business that didn't throw the battery away.
  • It actually cost them their farms, their health, and in some cases costed them their lives.
WA

Washington 2025-2026 Regular Session

Senate Transportation Dec 4th, 2025

Transcript Highlights:
  • And it's at this time, I talked about that lowest lifecycle cost, and it's that lowest lifecycle cost
  • So normally it takes a little bit... that lowest lifecycle cost, and it's that lowest lifecycle cost,
  • It has some costs there, the replacement values. You can see on there, $143 billion.
  • And if we were to look at those and look at just the cost—not to replace them, because some of these
  • Not only its costs, it takes time.
Summary: The Senate Transportation Committee devoted its meeting to a presentation from Troy Suing of the Department of Transportation on state highway preservation needs. Suing said DOT is a leader in asset planning, but that current funding is not enough to keep up with the condition of highways, bridges, and other assets. He distinguished operations and maintenance from preservation, and described the preservation program’s main parts: pavements, bridges, and other highway facilities such as slopes, rest areas, signal systems, retaining walls, and culverts. Suing reported that about 40% of state roads are already overdue for preservation and that, with current funding, as much as 85% could need preservation within 10 years. He said there are more than 7,900 lane miles currently due, and that delaying work past the “lowest life cycle zone” increases risk and can cost three to five times more later. For bridges, he said the state has about 3,400 bridges, an average age of 52 years, and roughly 10% are over 80 years old; the share of bridges in poor condition is about 9.9%, near the federal threshold that could trigger more federal oversight. He also highlighted culvert failures, including one on SR-510, and the closed Carbon River Bridge on SR-165 as examples of how deferred preservation can lead to closures and community disruption. Committee members questioned the comparison to national asset management leadership, liability risk as roads deteriorate, the cost and regulatory burden of bridge projects, and whether DOT is relying more on its own crews for bridge work because of cost and urgency. Suing said the department is underfunded to fully implement its asset plans and is forced to focus on risk, emergent needs, and the most critical bridge work first. He said DOT’s 2026 supplemental budget identified preservation as one of five unfunded critical priorities and estimated a 10-year preservation need of $8 billion to address the backlog and become proactive again. Members discussed whether targeted funding in the next biennium could help move the state back toward the “green zone,” and the chair closed by emphasizing the real-world impacts of bridge and road failures and the need for legislative action.