Video & Transcript Research : 'rate deviations'

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NM

New Mexico 2025 Regular Session

IC - Investments and Pensions Oversight Sep 12th, 2025

Investments & Pensions Oversight Committee

Transcript Highlights:
  • Those rates above the orange line indicate a very long downtrend in rates.
  • to the bottoming in 10-year rates, where we had a lower rate of inflation of about one and a half percent
  • He's raising interest rates.
  • The yield curve starts at lower rates and sort of rises and flattens a little bit out to longer rates
  • long-term rates.
AR

Arkansas 2026 1st Special Session

ALC-ADMINISTRATIVE RULES Jan 15th, 2026

ALC-ADMINISTRATIVE RULES

Transcript Highlights:
  • The rate changes and then the cap change.
  • I'm sure that there have been rate reviews.
  • At any rate, I can't say that they have not done rate reviews.
  • They have not been annual rate reviews.
  • The one is the rate increase.
Summary: The Administrative Rules Subcommittee of the Arkansas Legislative Council reviewed several agency rules and requests. It approved without objection an Insurance Department amendment implementing Act 261’s holding company system requirements, two State Board of Election Commissioners rules on poll watchers/provisional voting and certified election monitors, and a Treasurer of State rule removing DEI-related membership requirements to comply with Act 938. The committee also held over for a month a Department of Education request related to excluding a rule from reporting requirements so it could be discussed further with the Department of Commerce. A major portion of the meeting focused on the Department of Human Services’ request to be excluded from rulemaking for Acts 567, 568, 967, and 1025. DHS said federal CMS guidance created comparability and other issues for the Medicaid-related dental and diagnostic lab provisions, making it difficult to implement the acts as written by their effective dates. DHS outlined possible paths, including broader adult dental coverage, waivers, or splitting the dental rate increase from the special-needs cap increase. The Arkansas State Dental Association disputed DHS’s approach, arguing Act 1025 is workable, that the pediatric rate increase should move forward separately, and that DHS should continue pursuing the law rather than stop rulemaking. Committee members questioned both sides extensively about CMS correspondence, waiver timelines, fiscal impact, and whether the acts could be severed. After testimony from DHS, the Dental Association, and a public commenter, the committee adopted a motion not to exclude DHS from reporting requirements for Acts 567, 568, 967, and 1025, meaning DHS must continue the normal rulemaking/reporting process. The committee then accepted the Division of Higher Education’s report, which recommended repealing three of its 32 rules and keeping the remaining 29 in effect. It also received routine written updates on older and newer rulemaking items and filed the monthly updates without further action.
NH

New Hampshire 2025 Regular Session

Senate Ways and Means (04/30/2025)

Ways and Means

Transcript Highlights:
  • So what interest rates look like? right? So what interest rates look like?
  • half points on the on the current rate. half points on the on the current rate.
  • reasonable rate in order to do projects? reasonable rate in order to do projects?
  • percentage rate. So that's an uptick. percentage rate. So that's an uptick.
  • taxed at a lower rate. Oh, thank you. taxed at a lower rate. Oh, thank you.
Keywords: 1191, senate, all
NH

New Hampshire 2025 Regular Session

Senate Energy and Natural Resources (03/11/2025)

Energy and Natural Resources

Transcript Highlights:
  • I... rate payer interest when it comes to rate payer interest when it comes to rates<00:17:16.640>
  • <00:22:51.760> on ISO New England because the rates on ISO New England because the rates on
  • So does the SEC set those rates?
  • So does the SEC set those rates?
  • have they I think that we focused rates have they I think that we focused on<00:33:26.559> rate
Keywords: 1191, senate, all
HI
Transcript Highlights:
  • indication from the credit rating indication from the credit rating agencies<00:23:57.640> if
  • And that would be the rate.
  • <00:28:44.880> or<00:28:45.039> is rating or is rating or is that<00:28:46.919> no
  • have to borrow the money at that rate have to borrow the money at that rate right<00:29:53.519><
  • wouldn't necessarily come from rate wouldn't necessarily come from rate payers<00:41:01.839>
Keywords: 910, house, all
Summary: The joint committees heard testimony on HB 982 HD1, a wildfire-related measure aimed at creating a wildfire recovery fund and a financing structure to address future catastrophic wildfire liability. The Department of Commerce and Consumer Affairs, the Division of Consumer Advocacy, and the Public Utilities Commission submitted comments and were available for questions. Supporters included IBW Local 1260, Kauai Island Utility Cooperative, Clearway Energy Group, Hawaiian Electric, Par Hawaii, and others, while Charter Communications and the Hawaii Association for Justice opposed or raised concerns. Life of the Land supported the bill but urged changes to the definition of a catastrophic wildfire and noted concerns about prudency review language. IBW Local 1260 asked to restore language from the original draft, and Charter warned the bill could impair existing contract and indemnity rights unless amended. A major focus of the hearing was Hawaiian Electric’s position on the HD1 version. Hawaiian Electric strongly supported the original bill but objected to the HD1 requirement for an additional $500 million shareholder contribution, arguing it was not feasible and could delay or prevent the fund from operating. The company said the bill would help protect customers and improve credit ratings by creating a dedicated revenue stream and a bankruptcy-remote financing structure, which it said would lower borrowing costs over time. Members questioned how the $1 billion securitization amount was chosen, whether credit rating agencies had indicated it was sufficient, and how the bill would work in bankruptcy; Hawaiian Electric said the amount was a balance among interests, not based on a specific agency directive, and that it would follow up on bankruptcy questions. Opponents and skeptics raised concerns about liability caps, the new claims process, and unclear language on damages above the fund’s limits. The Hawaii Association for Justice argued the bill limits victims’ remedies and gives too much authority to the new entity without clear guardrails. Committee members also pressed Hawaiian Electric on comparisons to California, the feasibility of the shareholder contribution, and whether alternative capital-raising or divestiture options had been considered. No vote or final action was taken in the portion of the hearing provided; testimony and questioning continued with follow-up information requested from Hawaiian Electric and others.
NM
Transcript Highlights:
  • error rate level.
  • In 2019, we had a 3% error rate.
  • To mitigate their error rates.
  • , but because of our error rate.
  • rate is not the same as a fraud rate; it is benefits being awarded in an incorrect amount.
Keywords: 996, all
MN
Transcript Highlights:
  • recent increases in delinquency rates recent increases in delinquency rates for<00:09:44.480>
  • <00:09:51.920> of experience historically low rates of experience historically low rates of
  • <00:25:42.080> account updates to managed care rates account updates to managed care rates
  • demonstrate the rating agency's ratings demonstrate the rating agency's continued<00:31:22.320> confidence
  • this rating. this rating.
Keywords: 919, house, all
Summary: Minnesota Management and Budget Commissioner Aaron Campbell, State Economist Dr. Tony Becker, and State Budget Director Anna Mingi presented the November 2025 budget and economic forecast. Campbell said the state now projects a nearly $2.5 billion surplus at the end of the 2026-27 biennium, about $575 million better than the end-of-session estimate, but also a projected negative balance of about $2.9 billion in FY 2028-29, reflecting a worsening structural imbalance. He said the budget reserve stands at $3.4 billion, with cash flow and budget reserves totaling $3.8 billion after a $244 million addition, and emphasized that Minnesota’s AAA bond rating and reserve policy remain strengths even as future sessions will need to address the long-term gap. Becker said the national economic outlook has changed only modestly since February, but growth remains below trend through the forecast horizon. He cited slower consumer spending, weak private investment, continued tariff uncertainty, lower projected immigration, and modest inflation that stays near 3% through 2026 before easing. Revenue forecasts for the next biennium were revised up to $66.3 billion, driven mainly by higher individual income tax receipts and other revenue, partly offset by lower sales and corporate tax forecasts. He also noted risks from federal policy changes, the recent shutdown’s effect on data availability, and possible equity market volatility. Mingi said general fund spending is projected to rise sharply, with current biennium spending up $3.4 billion from end-of-session estimates and planning-year spending up $1.9 billion. She attributed much of the increase to carryforward from prior one-time appropriations, discretionary inflation, and especially Medical Assistance. MA costs are projected to be about $2.5 billion higher over 2025-29, largely because managed care rates rose more than expected due to higher utilization and higher-cost services, including pharmacy costs, while long-term care and disability waiver costs also increased. In response to questions, officials said the federal reconciliation bill had only a relatively small effect on the health care changes, and that the carryforward amounts reflect unspent prior appropriations that now show up in later years rather than new spending.
NH

New Hampshire 2026 Regular Session

House Labor, Industrial and Rehabilitative Services (01/22/2026)

Labor, Industrial and Rehabilitative Services

Transcript Highlights:
  • Well, the rate that you the rate >> we do.
  • a weekly rate of 555. a weekly rate of 555.
  • the statewide rate, the uh county rates the statewide rate, the uh county rates and<01:45:30.480
  • The rate<02:03:29.599> you<02:03:29.760> can. rate you can. rate you can.
  • Um rate.
Keywords: 1189, house, all
NM
Transcript Highlights:
  • Adjusting the rate for inflation would push New Mexico's rates slightly higher than New York but would
  • The rate in New Mexico would need to charge the rates listed there.
  • The rates, the direct per mile rates that different states charge passenger vehicles currently, other
  • gallon rate, kilowatt-hour rate on electric vehicles charging, or the per gram rate on thorium in a nuclear-powered
  • Higher rate. But I don't believe I've ever seen anything that would be specific to an access rate.
FL

Florida 2026 5th Special Session

Regulated Industries Mar 12th, 2025

Transcript Highlights:
  • as close as possible to the risk-free rate of return, and that rate increases, which are allowed, have
  • as close as possible to the risk-free rate of return, and that rate increases, which are allowed, have
  • One of the proposals in the bill is to limit when rates... ...in the bill is to limit when rates can
  • they feel like they'd like to make a rate filing.
  • set the rates.
Summary: The committee met with a quorum and considered several bills, reporting each favorably after hearing sponsor presentations, public testimony, and member questions. SB 578 would allow wine to be sold in recyclable containers, aligning wine with beer container rules; it received support from Americans for Prosperity and passed without debate. SB 606 clarified when guests in public lodging or food service establishments may be removed for nonpayment, updated notice and checkout provisions, and removed a mandatory arrest requirement, with support from hotel and restaurant industry groups; it also passed favorably. Members then heard SB 202, which addresses a municipal water utility surcharge issue affecting Miami Gardens and North Miami Beach by requiring the utility to charge residents where the plant sits the same rate it charges its own residents. The sponsor and supporters described it as a fairness issue, while North Miami Beach argued it would shift costs and threaten utility finances; the bill was reported favorably. SB 570 modernized and clarified the scope of work for swimming pool and spa contractors, and SB 928, as amended, regulated non-approved disposable nicotine devices by restricting advertising and display, increasing inspections and penalties, and adding a school-buffer provision; both were reported favorably. The committee also approved SB 346, which repeals state preemption over local regulation of hoisting equipment and cranes, prompted by concerns after Hurricane Milton and a crane collapse in St. Petersburg. Supporters said local governments need authority to address storm-related crane safety, while industry representatives warned against patchwork regulation and said local oversight already exists in some areas. Finally, the committee took up SB 652, creating Veterinary Professional Associates to perform certain tasks, including limited surgeries under veterinarian supervision; animal welfare groups supported it as a way to expand access, while some veterinarians opposed the surgery provisions. The bill was reported favorably after amendment. The committee then began SB 354, a major overhaul of Public Service Commission oversight, including expanding the commission, adding financial expertise, tightening rate-setting and storm-hardening review, and increasing transparency for nonprofit water and wastewater utilities; the substitute amendment was adopted and public testimony was heard from consumer advocates and utility-related groups, but the transcript ends before final action on the bill.
FL

Florida 2026 Regular Session

Fiscal Policy Apr 17th, 2025

Fiscal Policy

Transcript Highlights:
  • rate.
  • funds rate.
  • Fed funds rate.
  • The Wall Street Journal prime rate is not tied to the Fed funds rate.
  • rate.
Summary: The Committee on Fiscal Policy met and considered a wide range of bills, including early learning and special needs funding (SB 1102), Israel bond investment authority (SB 1674), Parkinson’s disease research at USF (SB 1800), mental health and substance use disorder reforms (SB 1620), veterans nursing home beds (SB 788), securities regulation updates (SB 988), labor pool regulation (SB 1672), Alzheimer’s awareness (SB 398), educator preparation (SB 1590), student mental health reporting (SB 1310), specialty license plates (SB 824), financial institutions and IOTA-related issues (SB 1612), transportation facility designations (SB 1408), utility worker protections (SB 1386), DNA testing grants (SB 1072), the Council on the Social Status of Black Men and Boys (SB 364), housing support for former foster youth and homeless students (SB 584), sex offender registration changes (SB 1654), migrant vessel disposal (SB 830), commuter rail indemnification (SB 916), juvenile justice revisions (SB 1344), aggravating factors in capital cases (SB 984), and a criminal offender substance abuse pilot program (SB 1140). Most bills were explained by sponsors, often with supportive testimony from affected agencies, advocacy groups, or industry representatives, and several were amended before final action. The committee adopted amendments on many measures, including clarifications and effective-date changes for SB 1102; technical changes to SB 1620 implementing mental health commission recommendations; a delete-all amendment for SB 1620; an amendment to SB 988; a consumer-disclosure amendment on SB 1612; and multiple amendments to SB 1408, SB 364, SB 584, SB 1654, and SB 1344. SB 1672 on the Labor Pool Act drew extensive public testimony in opposition from worker advocates, who argued repeal would weaken protections for temp workers and formerly incarcerated workers, and the bill was temporarily postponed to a later meeting without a vote. Several bills received notable testimony in support, including SB 584, where former foster youth described housing instability and the importance of campus housing and federal voucher coordination; SB 1386, which was backed by utility and industry groups seeking stronger penalties for assaults on utility workers; and SB 984, which drew opposition from the Florida Conference of Catholic Bishops over expansion of death penalty aggravators. The committee also heard support and opposition on SB 1612 regarding IOTA interest rates and legal aid funding, with bankers and civil legal aid representatives disputing the proper rate structure and whether the bill conflicted with Florida Bar rules. At the end of the meeting, the committee reported all voted-on bills favorably, including SB 1102, SB 1674, SB 1800, SB 1620, SB 788, SB 988, SB 398, SB 1590, SB 1310, SB 824, SB 1612, SB 1408, SB 1386, SB 1072, SB 364, SB 584, SB 1654, SB 830, SB 916, SB 1344, SB 984, and SB 1140. Members also requested to be recorded on various bills, and the committee adjourned after noting one remaining meeting would be lengthy.
NH

New Hampshire 2026 Regular Session

Senate Finance (04/14/2026)

Finance

Transcript Highlights:
  • error rates error rate penalties. error rates error rate penalties.
  • You'll see a several year error rate.
  • So statistically speaking, error rate.
  • , bring down our error rate, bring down our error rate, but<00:22:28.960> like<00:22:29.200
  • So time 7.75% error rate is above 6%.
Keywords: 1191, senate, all
DE

Delaware 2025-2026 Regular Session

Senate Executive Committee Meeting Jun 24th, 2026

Executive

Transcript Highlights:
  • rate.
  • all be taxed at a residential rate.
  • the residential rate.
  • ...safeguard by capping the non-residential rate at no more than 1.85 times the residential rate.
  • In reference to your question about resetting the rate...
Bills: HB371
Summary: The Senate Executive Committee met in hybrid format, approved the minutes from its June 17 and June 18 meetings, and considered several nominations and bills. The committee heard testimony from Michael T. Skeuse for the Delaware Thoroughbred Racing Commission and Jay Eric Fearwald for the University of Delaware Board of Trustees; both nominees described their backgrounds and qualifications, and no objections were raised. The committee then moved to legislation focused largely on property tax reassessment and related school-tax issues, along with a technical constitutional corrections bill, an agricultural lands preservation cleanup bill, and a child-safety/service-letter bill. A major portion of the meeting centered on Senate Bill 350, which would create a third multifamily residential tax classification at 1.2 times the residential rate. Supporters argued apartments are housing and should not be taxed as commercial property, emphasizing relief for renters and fairness after reassessment. Opponents, including county and school officials, warned the bill would reduce local revenues, complicate tax administration, and create unintended consequences for counties, municipalities, school districts, and agriculture. Similar themes carried into House Bill 462, which would make the split-rate school tax structure permanent and lower the nonresidential cap to 1.85, and House Bill 463, which would align New Castle County senior school-tax exemptions with county exemption rules; both bills drew discussion about shifting burdens, fiscal impacts, and timing. The committee also heard House Substitute 1 for House Bill 320, a technical corrections bill to the Delaware Constitution, with one public commenter objecting to charter-related changes being included in a correction bill. House Bill 371, which removes the requirement for county farmland preservation advisory boards under the Delaware Agricultural Lands Preservation Act, was presented as a streamlining measure and had support from the Department of Agriculture and public comment in favor. House Bill 438, expanding service-letter requirements to a broader set of child-serving facilities and requiring reporting when employers fail to respond, was described as a cleanup bill closing a safety loophole. After public comment and committee discussion, the meeting ended with a motion and unanimous adjournment; no recorded votes on the bills were taken in the transcript.
AR

Arkansas 2026 1st Special Session

ALC-ADMINISTRATIVE RULES Jun 18th, 2026

ALC-ADMINISTRATIVE RULES

Transcript Highlights:
  • Pursuant to Act 634, we have increased that administration rate to match the Vaccines for Children rate
  • Pursuant to Act 634, we have increased that administration rate to match the Vaccines for Children rate
  • Okay, so what rates are you increasing? All pediatric rates.
  • The orthodonic rates actually dropped.
  • Okay, so what rates are you increasing? All pediatric rates. Okay.
Keywords: 1204, all
CA

California 2025-2026 Regular Session

Assembly Insurance Committee Jul 2nd, 2025

Transcript Highlights:
  • That's unacceptable, because then by the time that rate is actually approved, by the time that rate is
  • You better be ready to file these new rate files.
  • We have everything in place to accept these new rate filings.
  • One would be the timeliness of the rate filing process.
  • One would be the timeliness of the rate filing process.
Summary: The Assembly Insurance Committee held its fifth oversight hearing on the California Department of Insurance’s Sustainable Insurance Strategy (SIS), with Commissioner Ricardo Lara providing an update on implementation. Lara said the department has finalized major reforms, including new catastrophe modeling tools, faster rate review procedures, use of forward-looking data tied to mitigation, and modernization of the FAIR Plan. He argued the strategy is intended to improve insurance availability in wildfire-prone areas, increase transparency, and stabilize the market, while also criticizing consumer intervenor groups and saying the department will tighten rules on intervener compensation and relevance. Members questioned Lara about when the SIS would begin producing visible market changes, how long rate filings would take to approve, and what the FAIR Plan modernization would mean for consumers’ costs. Lara said catastrophe model approvals should be completed by the end of the month, insurers are expected to begin submitting SIS filings in the coming weeks, and rate reviews have already been reduced from 281 days to 71 days. He also discussed a new market conduct investigation into State Farm’s handling of wildfire claims, ongoing complaints about smoke-damage claims, and a newly created smoke claims and remediation task force to develop standards. Lara said the department has helped more than 12,000 wildfire survivors, with over 38,000 claims filed and more than $17 billion paid, and that it is also working with other western states on underinsurance issues. Public commenters from the insurance industry, homebuilding, and insurance brokerage sectors largely supported the SIS and the department’s efforts, saying the reforms are needed to restore availability and stability. They emphasized the importance of timely rate approvals, FAIR Plan solvency, and greater transparency, and several noted that member companies are preparing to use the new filing process. The hearing ended without a vote or formal action, though members and the commissioner discussed ongoing legislative needs, including AB 226 and possible future FAIR Plan transparency measures.
FL

Florida 2026 Regular Session

Banking and Insurance Nov 19th, 2025

Banking and Insurance

Transcript Highlights:
  • Rates or premiums—we use the terms interchangeably; I'm even guilty of this—is rate versus premium.
  • So it's the premium we don't control; we control the rate.
  • Rates could not be raised quick enough to accommodate the rate need at the time.
  • It lowers their insurance rates in some cases dramatically.
  • filing, which gummed up any kind of rate changes.
Summary: The Senate Committee on Banking and Insurance convened with a quorum present, and Commissioner Michael Yaworsky of the Office of Insurance Regulation delivered a broad update on Florida’s property insurance market. He outlined the division of responsibilities between OIR and the Department of Financial Services, then reported market indicators including 7.61 million residential policies in force, an average premium of $2,755, 1.5 million Citizens takeout approvals, and recent negative trends in homeowners rate requests. He credited recent legislative reforms, especially tort reform and the Insurer Accountability Act, with improving market stability, increasing competition, and allowing the office to conduct more examinations and investigations, recover consumer restitution, and fine insurers for misconduct tied to recent hurricanes. Yaworsky emphasized that Citizens Property Insurance has been rapidly depopulating from its 2022 peak and may fall below 300,000 policies, while cautioning that over-depopulation could create residual-market risks and assessments if a major storm hits. He also discussed the distinction between admitted and surplus lines markets, the role of reinsurance in Florida pricing, and the effect of inflation on total insured values and premiums. He said Florida has seen comparatively modest property rate increases relative to other states and noted that recent hurricanes did not produce the kind of rate spikes seen in prior years, which he attributed to a more stable market and reduced fraud and litigation pressure. In response to a question from Senator Martin, Yaworsky explained that California’s wildfire crisis and regulatory structure are not a direct one-to-one comparison for Florida, but that California’s market problems can affect global reinsurance capacity and serve as a cautionary example of regulatory missteps. He also highlighted a recent Progressive auto insurance excess-profits refund of about $1 billion to policyholders, discussed possible federal changes to the National Flood Insurance Program, and urged greater home resiliency and code-plus adoption. The commissioner closed by calling for clearer consumer disclosures and responsible oversight of AI use in insurance filings. No bills were considered and no votes were taken; Senator Hooper moved to adjourn, and the committee adjourned without objection.
CA
Transcript Highlights:
  • the implementation of the alternative methodology-based rate system.
  • First, provide an interim rate reform adjustment to the existing RMR rates table, or the regional market
  • rates table, as a percentage increase to each rate beginning January 1 of the budget year.
  • Second, provide an interim rate reform adjustment to the SRR, or standard reimbursement rate, beginning
  • rate.
Summary: The committee took up issue number seven, Child Care Rate Reform Transition Plan, and heard a presentation from the LAO on an eight-part transition plan for the period before implementation of the alternative methodology-based child care rate system. The plan would provide interim rate increases to existing regional market rates and standard reimbursement rates beginning January 1 of the budget year, keep the higher of SRR or ARMR as the single rate, annualize cost-of-care supplements, update hold-harmless language, eliminate the private market cap, authorize one-time systems transition funding with JLBC approval, and require annual reporting on parent co-pays. Members asked about the timeline and public/legislative feedback process, and administration staff said they were working toward the July 1, 2025 deadline while continuing stakeholder engagement through the rate and quality advisory process. Public comment was overwhelmingly focused on child care and early learning funding. Providers, county offices, advocacy groups, and education organizations urged the Legislature to move quickly on the alternative rate methodology, provide interim relief through a cost-of-living adjustment, reimburse based on enrollment rather than attendance, and preserve health and retirement benefits and workforce stability. Many speakers also pressed for funding to expand the promised 200,000 child care slots, warning that waitlists remain long and providers are under financial strain. Several commenters supported maintaining or extending grants and technical assistance for transitional kindergarten, inclusive early education, and mixed-delivery early learning programs. A separate set of comments addressed the Inclusive Early Education Expansion Program, with Sacramento County education officials and others urging a statewide plan that would extend support to the 20 counties not currently receiving grants, especially rural areas. Other speakers raised concerns about facilities and staffing impacts from TK expansion, the need for consistent eligibility rules across subsidized programs, and the importance of statewide systems-level funding. The chair thanked the LAO, administration, and public commenters, said the item would remain open until after the May Revision, and adjourned the meeting.
LA
Transcript Highlights:
  • 2025, which projects the contribution rate beginning July 1, 2026.
  • So the 30.05% is an aggregate contribution rate.
  • So for rank and file, you can see that the total rate is 29.25%.
  • So for rank and file, you can see that the total rate is 29.25%.
  • And you can see the 565, they are. the contribution rate.
Summary: The Public Retirement Systems Actuarial Committee met on June 22 and approved the minutes from the February 23, 2026 meeting. There was no public comment. The main discussion focused on Louisiana State Employees’ Retirement System (LASERS) and how appropriations from House Bill 312 of 2026 affect the system’s actuarial valuation and employer contribution rate for fiscal year 2027. Staff explained that HB 312 provided about $145 million in appropriations to LASERS, with roughly $87.6 million applied to the original amortization base and about $57.9 million applied to the experience account amortization base. As a result, the projected aggregate employer contribution rate for the fiscal year beginning July 1, 2026 was revised from 32.51% to 30.05%, a reduction of 2.46%, and the required projected employer contribution was updated to about $738.7 million. The presentation also noted that the June 30, 2025 valuation itself did not change, only the projected 2026 rate, and that the original amortization base would be paid off by June 30, 2026. Committee members asked about the longer-term effect of the changes, including a projected 2036 payment reduction. Staff explained that later-year UAL payments would be lower, but that the exact savings would depend on future actuarial experience and investment performance. The committee then adopted the motion to revise the projected fiscal year 2027 LASERS aggregate contribution rate to 30.05%, subject to the appropriation, and later adjourned without opposition.
NH

New Hampshire 2026 Regular Session

House Finance Division III (04/20/2026)

Transcript Highlights:
  • represent administrative error rates. represent administrative error rates.
  • But they're administrative error rates; they're not fraud rates.
  • fraud rates. fraud rates.
  • rates, I think about the rate rates, I think about the rate methodology<01:45:34.160> as<
  • facility rates are paid from. facility rates are paid from.
Keywords: 1189, house, all
Summary: Division Three of the Finance Committee met in work session on April 20, 2026, to consider Senate Bills 481, 603, and 663, with the discussion focused primarily on SB 481, relative to the sale of the Sununu Youth Services Center property. The chair explained that the bill was advisory only and that the committee’s recommendations would go to full Finance on April 27. For SB 481, members reviewed conflicting provisions in the prior budget law about whether sale proceeds should go to the general fund or the Youth Development Center Claims and Administration Settlement Fund, and the bill was described as a compromise that would direct proceeds to the general fund before June 30, 2027, and to the settlement fund after that date. It was noted that the settlement fund had originally received about $20 million and had roughly $10 million remaining. The committee also received an extensive update from DCYF Director Marie Noonan on the new Youth Development Center in Hampstead. She reported that construction remained on schedule, with major structural and interior work complete, substantial completion expected in late summer or early fall 2026, and occupancy anticipated in early 2027. The presentation highlighted the facility’s design features, including single-occupancy bedrooms, sensory rooms, an education wing, medical and clinical suites, visitation space, a gym, and multiple outdoor courtyards, all intended to support a trauma-informed setting. Members asked about the facility’s funding, square footage, fencing, and scanner; staff said the building is about 34,000 square feet, funded entirely with federal ARPA state recovery funds to date, and that the scanner is on site but not yet operational pending policy and staff training. Committee members also raised concerns about the facility’s design and security. In response, DCYF said some concrete walls are required for structural and safety reasons, but they are being painted to maintain a brighter environment, and that the fencing will be about 15 feet high with privacy netting because the campus is shared with Hampstead. Officials said the new facility is legislatively limited to a maximum of 12 youth, while the current center can house 12 to 18, and emphasized that courts ultimately determine placements. No votes or final actions were taken during the work session.
MN

Minnesota 2025-2026 Regular Session

House Human Services Finance and Policy Committee 3/12/25

Human Services Finance and Policy

Transcript Highlights:
  • Rate exceptions are based on the exceptional need of the individual that the DHS framework rate does
  • processes of establishing payment rates processes of establishing payment rates and<00:41:04.280
  • housing support room and board rate housing support room and board rate add-on<00:43:35.240>
  • over time when it comes to the rate over time when it comes to the rate exceptions<00:45:50.880>
  • I agree that what we're seeing with rate exceptions, we are seeing a growing trend in the use of rate
Keywords: 1183, house