Video & Transcript : 'budget reserve' :
Page 6 of 500
MN
Transcript Highlights:
- and it is not to her advantage to have a budget deal.
- </c> special education don't solve budget special education don't solve budget problems,<01:23:38.120
- Please support House budget equation.
- Um, because the cuts have already been booked as savings in the budget.
- Um, because the cuts have already been booked as savings in the budget.
Committee:
House Education Finance
KY
Kentucky 2025 Regular Session
2026 - 2028 Budget Preparation & Submission (5-22-25)
Transcript Highlights:
- </c> seen in past with the budget seen in past with the budget instructions<00:03:15.040><c> when</c>
- </c> the ABRs, additional budget request. the ABRs, additional budget request.
- </c> that we had was a change to the budget that we had was a change to the budget calendar.<00:04:34.080
- </c> Uh so the the office of state budget Uh so the the office of state budget director<00:04:46.720>
- And then through the appropriations act, the budget bill, we have a mechanism, you know, for a budget
Keywords:
00:02 Call to Order and Roll Call
00:55 FB 2026-2028 Executive Branch Budget
15:17 Adjournment, 958, all
Summary:
The committee held its first meeting on budget instructions for the 2026-2028 state budget, as required by KRS Chapter 48. Staff from the Office of State Budget Director outlined three recommended changes: restructuring Form B4 for additional budget requests to emphasize the problem, solution, and quantitative data; adding page numbers to the Record P report so agencies’ additional budget requests can be located more easily; and updating the budget calendar to reflect the December 20 presentation of the consensus forecast to LRC under changes made by House Bill 360.
Members asked follow-up questions about contribution rates, debt service template rates, and employee health rates. Staff said the fiscal 2026 KS non-hazardous contribution rate is 42.76%, but fiscal 2027 and 2028 rates have not yet been set; debt service rates would be posted later; and employee health rate assumptions are still being discussed with the Personnel Cabinet. Members also asked how program reductions or terminations would be handled, and staff explained that agencies base requests on statutory and federal requirements, while budget reductions are handled through the appropriations act.
The committee discussed whether Form B4 should ask agencies to describe alternative options considered and how they were evaluated. Staff said the current instructions do not specifically require that, though some implications may appear in narrative responses, and members agreed to continue working on the instructions. The committee then adopted a motion directing the co-chairs to work with LRC staff to finalize the 2026-2028 budget instructions and present them for adoption, with the motion approved by roll call. Members also noted that federal budget developments, including possible SNAP cost shifts to states, are being monitored but are too early to incorporate into the instructions at this time.
WA
Transcript Highlights:
- to tribal members both on and off reservations.
- There is no extra money left in the court's budgets.
- Our LEA is about 20% of our budget, a $22 million budget.
- Our LEA is about 20% of our budget, a $22 million budget.
- Our LEA is about 20% of our budget, of a $22 million budget.
Committee:
House Appropriations
Keywords:
accounts, finance, business regulation, transparency, audits, cannabis, license fees, regulatory framework, revenue generation, legalization, HB 2714, caseload forecasting, food assistance, SNAP, Supplemental Nutrition Assistance Program, state food assistance, budget forecasting, caseload forecast council, caseload forecast supervisor, Washington State
FL
Transcript Highlights:
- We're going to take up tab 5, SB 1038 on Florida Strategic Cryptocurrency Reserve by Senator Gruters.
- would create a carefully limited statutory framework to hold and manage a strategic digital asset reserve
- This reserve will be managed and administered by the CFO.
- This reserve will be managed and administered by the CFO, and this is just a framework that will allow
- I'm going to create the trust fund for the Florida Strategic Cryptocurrency Reserve.
Committee:
Senate Banking and Insurance
Keywords:
virtual currency, kiosks, money services business, regulation, financial services, consumer protection, cryptocurrency, registration, payment scams, task force, fraud prevention, property insurance, roofing requirements, inspector, insurance policies, homeowners insurance, roof age, residential structures, insurance renewal, investment
Summary:
The Committee on Banking and Insurance met with a quorum present and took up a series of bills, beginning with SB 1286 by Senator Wright. That bill expands the law enforcement recruitment bonus program to include firefighters, creates a DFS grant review panel for fire-related grants, and establishes an institute for PTSD and first-responder behavioral health. Testimony from fire chiefs and others supported the measure, and the committee reported it favorably.
The committee then considered several insurance and financial regulation bills. CS/SB 198 by Senator Rousan, as amended, regulates virtual currency kiosks with transaction limits, notice and receipt requirements, and OFR enforcement authority; witnesses described it as a needed anti-fraud measure, especially for seniors, and it was reported favorably. CS/SB 772 by Senator Burgess, as amended, allows limited licenses for portable electronics and eyewear insurance, and CS/SB 1504 by Senator Claudio, as amended, creates a pathway for high school students to qualify for insurance customer representative licensure; both were reported favorably.
The committee also approved two cryptocurrency reserve bills by Senator Gruters: CS/SB 1038 creates the Florida Strategic Cryptocurrency Reserve framework, and CS/SB 1040 creates the related trust fund; both received technical amendments and favorable reports. CS/SB 1440 by Senator Martin, as amended, creates public records exemptions and cybersecurity reporting provisions for financial institutions and related entities, and it was reported favorably. Finally, SB 1668 by Senator Burton, which updates the NICA program’s funding and benefit structure, and CS/SB 570 by Senator Polsky, which creates a task force on payment scams, were both heard with supportive testimony and reported favorably. Senators later recorded additional affirmative votes on selected bills before the committee adjourned.
MA
Massachusetts 2025-2026 Regular Session
Special Joint Committee on Initiative Petitions Mar 30th, 2026
Special Joint Committee on Initiative Petitions
Transcript Highlights:
- So that's the fiscal year 2027 budget.
- We also saw one budget that was nominally reduced from the budget signed by the governor the year before
- So, to just put that in perspective and contextualize it in this year's budget, Governor Healey's budget
- signed to the FY27 budget signed.
- People prioritize the discretionary side of the budget.
Keywords:
tax revenue, state surplus, taxpayer refunds, budget growth, Massachusetts General Laws, income tax, tax reduction, state law, personal income tax, tax rates
Summary:
The Special Joint Committee on Initiative Petitions held a public hearing on two proposed ballot initiatives: one to reduce the state personal income tax rate from 5% to 4% over three years, and another to revise the state tax collection cap law (62F) so the cap would be based on the prior year’s actual collections plus wage-and-salary growth and would include surtax revenue. Committee chairs outlined the hearing process and noted that the measures would need additional signatures to qualify for the 2026 ballot if not enacted by the legislature.
The committee’s expert witness, Doug Howgate of the Massachusetts Taxpayer Foundation, said the income tax proposal would lower the base rate in stages beginning in 2027 and would ultimately reduce state income tax collections by about $5.4 billion annually when fully implemented. He estimated savings would vary by income level, from a few hundred dollars for lower- and middle-income households to about $10,700 for taxpayers at the surtax threshold. He argued the proposal would improve tax competitiveness but would also require major budget adjustments, likely including reserve use, spending cuts, and possibly new revenue measures; he cited prior downturns and said the state’s rainy day fund is stronger than in past recessions, though spending growth and health care costs remain concerns. On the 62F proposal, he said rebasing the cap to prior-year collections would make refunds more likely, with modeled refunds totaling about $7.9 billion without the surtax and $10.1 billion with it over the last decade, and warned it could reduce stabilization fund deposits and constrain recovery after recessions.
Proponents of both petitions, including representatives from Taxpayers for an Affordable Massachusetts, NFIB, Pioneer Institute, and the Mass Opportunity Alliance, argued that Massachusetts faces an affordability and competitiveness crisis and that lower taxes would help families, small businesses, job creation, and outmigration. They said the income tax cut would put about $1,300 a year back into the hands of average families, help pass-through businesses reinvest, and improve the state’s ability to compete with lower-tax states such as North Carolina. Their economist, Rebecca Paxton, presented a model projecting average annual revenue losses of about $680 million during the phase-in and a total net income tax revenue impact of $2 billion to $2.2 billion, while saying long-term revenue growth would be stronger after implementation. The hearing ended with committee questions and a brief dispute over a planned voter testimonial video, which the chairs said was not appropriate for the hearing at that point.
WA
Transcript Highlights:
- This helps you maintain your operational budget.
- That comes out of the district's reserve funds.
- That comes out of district's reserve funds.
- What would a reasonable person, a budget expert looking at these districts’ budgets and the amount that
- their reserves.
Committee:
House Education
MN
Minnesota 2025-2026 Regular Session
House Transportation Finance and Policy Committee 2/10/25 - Part 1
Transportation Finance and Policy
Transcript Highlights:
- </c><00:05:10.840><c> for</c><00:05:11.000><c> us</c> the governor's budget for us the governor's budget
- </c><00:05:25.639><c> in</c> Transportation budget in Transportation budget in thousands<00:05:27.600
- </c><00:20:30.720><c> cycle</c> uh as we get into the budgeting cycle uh as we get into the budgeting
- <00:47:03.920><c> uh</c> budget uh budget uh recommendations<00:47:05.800><c> uh</c><00:47:05.920><c>
- have in your budget.
Bills:
HF5
Committee:
House Transportation Finance and Policy
MN
Minnesota 2025-2026 Regular Session
House Transportation Finance and Policy Committee 2/10/25 - Part 2
Transportation Finance and Policy
Transcript Highlights:
- Ultimately, that would be a substantial decrease to our transportation budget in a time where the needs
- Ultimately, that would be a substantial decrease to our transportation budget in a time where the needs
- So just, you know, that would be a substantial decrease to our transportation budget in a time where
- in a time where every dollar in our budget matters.
- ><c> we</c> every dollar in our budget matters we every dollar in our budget matters we need<00:51:20.240
Bills:
HF5
Committee:
House Transportation Finance and Policy
TX
Transcript Highlights:
- Tepper, I'm a little more than a little concerned that if we raise our reserves too high and we do have
- an emergency, the federal government will overlook our concerns because of our excess reserves.
- That's because we had a budget deficit; we had a revenue shortfall for whatever reason.
- Okay, just for perspective, I was looking at the budgets, the entire budgets of some other countries.
- So most states don't. have a nice reserve set aside.
Committee:
House Appropriations
TX
Transcript Highlights:
- My name is Jeb Bell, and I'll be laying out the summary of budget recommendations for the Public Utility
- Over the last two budget cycles, we have asked for a lot of increases in our appropriations.
- OPUC, Summary of Budget Recommendations.
- I appreciate the time to come for you all and for you to hear our budget considerations today.
- These are the budget recommendations for the Board of Chiropractic. Examiners.
Committee:
Senate Finance
TX
Transcript Highlights:
- Presentation on budget, Kelsey Sims.
- The budget for this budget is $1.00 million. Kelsey Sims is $1.00 million. Thank you, Mr. Chairman.
- These are just a list of standard budgeting changes.
- Next, we'll have the agency presentation on budget.
- budget.
Committee:
Senate Finance
TX
Transcript Highlights:
- It are a focus and a significant part of the agency's budget request.
- We'll discuss the capital budget request. You heard Mark.
- And look, you've got a big budget. This isn't even a.
- Budget correction is as big as your budget, so I look forward to working, Madam Chair, with them on that
- A budget to align budget authority with 2627 funding recommendations and then Rider 33.
Committee:
Senate Finance
TX
Transcript Highlights:
- That was depicted in the budget. Moving now to section three on page five.
- , which is a reduction of $549.4 million from the 2015 budget.
- from the 2015 budget.
- Mark Wiles, Legislative Budget Board.
- Then it kicked up to over 500 million, 500 to 550 last budget. 550 last budget, of which they're still
Committee:
Senate Finance
TX
Transcript Highlights:
- The All Funds Recommendation for the 2020-2022 budget.
- I'm AJ with the legislative budget board.
- Rider 2, Capital Budget Rider, is deleted.
- In these dams in the current budget, the base budget, we. I thought we did. How much did we?
- Item two, budget structure changes.
Committee:
Senate Finance
TX
Transcript Highlights:
- This is what you see in the budget.
- District budgets, every district has golden pennies, and so their budgets went up as a result of that
- We're a line item in the TEA budget. You're a line item in the budget. Okay.
- As a matter of fact, the entire budget is a bottom-up budget that's built off of the strategic plan.
- Many ISDs are struggling financially, have adopted deficit budgets, drawn from their reserve funds, and
Committee:
Senate Finance
TX
Transcript Highlights:
- Of course, this budget eliminates one of those sources.
- Many, many times, tough days and budget issues.
- With the Legislative Budget Board.
- , a central part of our base budget.
- In the 2018-19 biennium, all schools faced budget cuts due to a budget problem.
Committee:
Senate Finance
TX
Transcript Highlights:
- So it has become, de facto... ...part of baseline budgeting for the CFOs.
- You know, we're going through all of our budget hearings within the system.
- I've got a question on the John Wayne Cancer Institute, but I can reserve that for Lori or I can reserve
- Landbolding Legislative Budget Board will be presenting on the 2-0.
- There's also a benefit in it for you as budget allocators.
Committee:
Senate Finance
TX
Transcript Highlights:
- So we're not in the base budget, but we may need to be in the base budget?
- The next item on the agenda is the budget. The budget is for the fiscal year 2020-2021.
- Andrew Overmyer, Legislative Budget Board.
- My name is **Brad Kane** with the Legislative Budget Board, and I will be presenting the summary of budget
- What impact will that have on budgeting?
Committee:
Senate Finance
TX
Transcript Highlights:
- Lastly, an overflow room is reserved across the hall in room E1028.
- The testimony is reserved across the hall in Room E1028.
- We thank the Senate for funding the agency's base budget.
- I would like to comment today on HHSC's budget.
- The contract year started for the last two budget cuts.
Committee:
Senate Finance
TX
Transcript Highlights:
- I live in Flower Mound, and I'm here testifying on SB1 concerning the HHS budget, particularly the budget
- That budget was raised. to $165 million last year.
- This is a great base budget.
- . the LAR and then what is the base budget?
- The last budget was greatly appreciated.
Committee:
Senate Finance