Transcript Highlights:

• And we provide here our annual recap of the market value of assets versus the actuarial value of assets
• Value of assets versus the actuarial value of assets.
• Under the market value of assets, that full investment gain is recognized immediately.
• So the total market value of assets right now is roughly $166 billion.
• Another consideration was... ...value for their retirement benefit.

Keywords: 904, all

Transcript Highlights:

• We will award the project to the best value.
• ; lower values end up with higher rates.
• value rates.
• , lower values end up with higher rates.
• and lower property value rates.

Summary: The committee first heard a presentation from WSDOT on balancing uncertainty in capital program estimates and cash flow management. WSDOT explained the differences between design-bid-build and design-build delivery, its tiered risk-assessment process by project size, and how it uses base estimates, inflation, and risk modeling to set budgets. Staff said design-bid-build estimates are generally accurate within about 1% across the program, while design-build projects carry much wider uncertainty and are better communicated as ranges; they cited a P85 budget approach and noted that large, complex projects can be affected by market competition and long procurement timelines. Members asked about the Columbia River Bridge cost growth and about value engineering, and WSDOT said it uses value engineering but has limited scope to cut costs because of project requirements and policy mandates. Troy Swing also discussed cash flow, noting that a few large projects can significantly affect biennial funding needs, and said a risk pool would not reduce overall program risk but could help manage timing if paired with appropriation and cash-flow controls. The committee then received the final presentation in the WSDOT Project Delivery and Innovative Practices study from HKA Global. The consultant said WSDOT’s estimating practices are generally robust and recommended improving transparency by presenting budget authorizations as ranges or estimate classes, better tracking estimate growth over time, and adjusting advertisement timing to avoid competing lettings. The report also discussed surety bonding, suggesting the legislature consider restoring authority for reduced bonding on select large design-build projects or using phased bonding and alternative securities. On indefinite delivery/indefinite quantity contracting, the consultant said current job order contract rules are restrictive and recommended legislative changes to make such tools more usable, especially for smaller tasks and to help use unspent funds more flexibly. The committee also heard a follow-up presentation on transit-oriented development policy recommendations tied to HB 1491. The Urban Institute’s Yona Freemark said Washington has been a national leader on TOD but that housing construction, especially in the Puget Sound, has slowed sharply since 2022. He said rising construction costs, high financing costs, and local tax and rent conditions are making many TOD projects infeasible, and recommended that the state fill infrastructure funding gaps around stations, revisit MFTE affordability requirements, consider minimum rather than average density requirements near transit, and create a statewide system to track TOD outcomes such as affordability, gentrification, and transit access. Members questioned the study’s developer interviews, the role of rent control and crime, property tax assumptions, and parking needs; the presenter said the study included five private developers, that rent control was not part of the study scope, and that parking was included in the model assumptions. Finally, the committee began a presentation on regulating emissions from ocean-going vessels at berth. Staff and consultants described California-style at-berth rules, which require shore power or equivalent emissions controls so ships can shut off diesel auxiliary engines while docked. The study is examining vessel traffic, emissions reductions, implementation costs, labor and operational needs, and possible effects on port competitiveness and cargo diversion. No votes or formal actions were taken during the meeting.

Transcript Highlights:

• However, mortals do share some very important values that can guide your deliberations. springs from
• important values that can guide<00:01:35.119> your<00:01:35.439> deliberations.
• Mortals value the right to self-determination and bodily autonomy, a right to be accorded to all.
• These are widely shared values across our state.
• These are widely shared values on.

Keywords: 1183, house

Transcript Highlights:

• But these are all value-added programs, often out of reach for unhoused and homeless students.
• You mentioned the word "value" a couple of times.
• You want to increase the value of the degree. degrees.
• Can you explain specifically how this bill would increase the value of the degrees that we offer?
• SB37 undermines my core values.

Bills: HB2476, HB2893, HB4848, HB5062, SB37, SB60, HB2860, HB4930, SB646, SB 37

Keywords: living expenses, higher education, student support, homeless students, financial aid, grant program, baccalaureate degrees, junior colleges, workforce development, Texas Higher Education Coordinating Board, competency-based education, baccalaureate degree, cost of attendance, dual credit, computer science, course credit, foreign language requirement, curriculum review, governing board, faculty council

Transcript Highlights:

• Fair market value is a property's value based on its best possible use.
• business use value, even though it is less than the market value.
• at its farm or business use be valued at its farm or business use value,<01:27:57.280> even<01
• , even though it is less than the value, even though it is less than the market<01:27:59.160> value
• market value. market value.

Keywords: 919, house, all

Summary: The Tax Expenditure Review Commission met on June 17, 2026, approved the January 20, 2026 minutes, and then adopted updated commission procedures. The procedural changes, presented by Legislative Budget Office Director Christian Larson, required a quorum of voting members to complete evaluations before a formal recommendation vote, and allowed members to bundle or unbundle tax expenditures for voting. The commission approved the revised procedures by roll call vote, with five ayes and four excused. The commission then reviewed member evaluation summaries for tax expenditures presented in December 2025 and January 2026. It first considered the alcoholic beverage tax credits for small brewers and microdistilleries, and after discussion voted to recommend repeal of those two expenditures, while leaving the small winery credit for a later meeting because it lacked enough member responses under the new procedures. The vote on the repeal recommendation passed 4-1, with Commissioner Marquart voting no. The commission next approved the lawful gambling bundle, which included bingo, raffle, and related exemptions. Larson reported that most members recommended continuation for each item, and the commission voted to recommend continuing all six lawful gambling expenditures. It then reviewed the residential utility services bundle—residential heating fuels, residential water services, and sewer services—where members generally favored continuation but several noted possible modifications or caps for higher-income users; the commission voted to recommend continuation of the bundle. Finally, the commission reviewed the data center equipment sales tax exemption, which Larson said had an estimated annual revenue loss of $95 million and was intended to create jobs in construction and data center industries. Members raised questions about its effectiveness and whether the exemption should be modified or capped, but the commission ultimately voted to recommend continuation. The meeting concluded with these recommendations set to be included in the commission’s 2026 annual report.

Transcript Highlights:

• Um, so doesn't add value there.
• Um, so doesn't add value there.
• Um, so doesn't add value there.
• Um, so doesn't add value there.
• adding value. adding value.

Bills: HF3676, HF3683, HF3395

Keywords: Safe at Home, address confidentiality, domestic violence, sexual assault, stalking, harassment, victim privacy, survivor protection, confidential address, protected address, secret address, identity protection, residential confidentiality, program participant, nondiscrimination, court disclosure, protective order, service of process, driver's license, state ID

Summary: The committee first approved minutes from February 19 and February 26, while skipping the February 24 minutes because of a drafting error that would be corrected later. It then took up House File 3676, a Safe at Home program bill described by Rep. Nash as arising from a constituent’s dangerous identity exposure and intended to tighten protections for participants, including allowing emancipated minors to enroll. Testimony from the Secretary of State’s office explained that the bill would clarify who may apply for a minor, require proof of guardianship, strengthen court findings before a participant’s physical address can be disclosed, increase penalties for harmful disclosure, prohibit discrimination based on participation, require state agencies to designate a Safe at Home contact person, allow use of the Safe at Home card as proof of residence for certain ID purposes, and require judge training. Members raised concerns about federal compatibility, constitutionality of court-related provisions, and the need for a fiscal note on the felony penalty. Several sections were noted as being removed or modified in a later engrossment, and the committee voted to re-refer HF 3676 to the Transportation Finance and Policy Committee. The committee then heard House File 3683, which would direct the state budget forecast to include the estimated cost of fraud. Rep. Nash argued that fraud is a significant but unquantified drain on state resources and said the bill would adapt existing forecast language used for inflation to track fraud costs. Minnesota Management and Budget Deputy Commissioner Anna Mingi testified that fraud is unacceptable and that the agency works to prevent and detect it, but said the twice-yearly forecast is not the right tool for this kind of retrospective analysis. She explained that if fraud is identified, the forecast would reflect reduced spending through program integrity actions rather than a separate fraud-cost line item. The bill was moved and referred to the general register after a roll call was requested.

Transcript Highlights:

• What part of the season they're in when they're impacted by a storm, and then value per acre, so that
• Production loss estimates convey the percentage or the value of annual production for this particular
• And we present that range of production losses as opposed to a point value at this point to reflect a
• In terms of value, the commodity groups of the highest losses for this particular storm were field and
• In terms of value, the commodity groups with the highest losses are vegetables, melons, and potatoes

Summary: The Florida Senate Committee on Agriculture convened with a quorum present and heard two presentations. Commissioner Wilton Simpson, head of the Department of Agriculture and Consumer Services, outlined department accomplishments and funding needs, including IT modernization, expansion of the Rural and Family Lands program, updated best management practice manuals, growth of the Fresh From Florida marketing campaign, hurricane recovery loans for farmers, clearing concealed-weapons permit backlogs, construction of the Conner Complex headquarters, forestry equipment upgrades, and youth agriculture programs such as FFA and 4-H. Senators asked about water policy, citrus greening, FAMU partnerships, staffing efficiencies, and interdiction stations used to stop invasive species, stolen goods, and diseased or banned agricultural products from entering the state. Dr. Krista Court of the University of Florida/IFAS presented a preliminary economic assessment of the 2024 hurricane season’s agricultural impacts from Hurricanes Debby, Helene, and Milton. She explained that the estimates are based on wind, rainfall, flooding, crop location, and survey data from extension agents, industry groups, FDACS, and producers, and that the figures do not include many asset losses, supply-chain effects, forestry losses, or some insurance-covered damages. Her preliminary estimates placed total 2024 agricultural production losses between about $402.3 million and $975.8 million, with the hardest-hit commodity groups including field and row crops, vegetables, melons, potatoes, greenhouse/nursery products, and animals and animal products. Members discussed the importance of accurate survey participation and baseline data, including use of USDA Farm Service Agency information, to improve future disaster estimates and federal relief decisions. Several senators emphasized agriculture’s importance in their districts and statewide. No bills were considered and no formal votes were taken; the only action was adjournment by motion of Senator Burton.

Transcript Highlights:

• In fact, the value of solar is shown to be over $0.20 per kilowatt hour.
• And even though the value of solar is the only PUC-approved rate that accurately values distributed solar
• You used the applicable retail rate until they had the value of solar.
• way the state has approved. valuing the actual type of energy that CSGs produce.
• The current program doesn't use the value of solar, which is the actual value of it.

Bills: HF2103, HF2793

Keywords: energy, renewable energy, ammonia, hydrogen, certificate tracking, funding, environment, community solar, energy policy, sustainability, solar garden program, regulation sunset

Transcript Highlights:

• Sometimes we can be talking about retail sales value, or are we talking about the value of the product
• So the overall gross value of the industry is down.
• Then in the supply chain, we’ll focus on wholesale, so value at the farm, and then also talk about value
• That's what's driving the decrease in the gross value of the industry, because...
• Twenty-three percent don't know, but 80% value purchasing from the legal market.

Summary: The joint informational hearing focused on the Department of Cannabis Control’s report on the condition and health of California’s cannabis industry. Department staff reviewed the evolution of state cannabis law, the creation of the current regulatory framework, licensing and compliance efforts, and enforcement against illicit cannabis and hemp-derived intoxicating cannabinoids. The department said the licensed market has grown in production and retail units sold, while active licenses and retail sales value have declined, and that the illicit market remains a major competitive factor. The department also highlighted consumer education efforts, product testing and recalls, and coordination through the state enforcement task force and other agencies. The department’s economist said the data show continued growth in licensed production and a rising share of consumption through the licensed market, but falling wholesale and retail prices have reduced overall industry value. He identified major headwinds as taxes and fees, illicit-market competition, local prohibitions that limit retail access, regulatory costs, and broader business pressures, while noting opportunities in product innovation and possible hemp-market changes. Committee members pressed the department on enforcement, public health concerns, equity ownership and employment, delays in grant administration, pesticide testing, and whether the legal market is truly viable for small businesses and farmers. Several members argued that stronger enforcement and lower costs are needed, while one member raised concerns about cannabis-related health harms and said the hearing focused too narrowly on supply-side issues. Public commenters from industry groups and advocacy organizations largely echoed concerns about high taxes, regulatory burdens, limited retail access, and the size of the illicit market. Many urged the Legislature not to let the excise tax rise from 15% to 19% and called for tax relief, compliance reform, more enforcement, and broader retail access. Some speakers said the report was too optimistic and did not reflect business failures, debt, and closures, while others emphasized the need to protect small farmers, address wildfire insurance, and support equity businesses. No votes or formal actions were taken; the hearing was informational only.

Transcript Highlights:

• Uh, the property value line, the first line there is showing the property value at the end of the year
• value to $312,000. value to $312,000.
• :32:15.840> the value year end, that is the value of the value year end, that is the value of
• to the extent of the fair market value to the extent of the fair market value of<01:38:07.440>
• people already betting on um the value people already betting on um the value of<01:53:43.840>

Keywords: 1189, house, all

Summary: The meeting began with roll call and approval of the prior meeting minutes, which passed unanimously. Members then introduced the day’s presentations, including one on the Canton network and another on tokenizing real-world assets, with a focus on how blockchain systems can support regulated financial institutions and asset tokenization. Julie, the director of policy and government affairs at Digital Asset, presented on the Canton network, describing it as a privacy-enabled public blockchain designed for regulated finance. She said tokenization should preserve the same legal and economic rights as the underlying asset, and argued that blockchain-based books and records can shorten settlement times, improve 24/7 trading, and reduce friction in capital markets. She identified three main barriers to institutional adoption of public blockchains: lack of privacy, limited throughput/scalability, and lack of control for compliance purposes such as freezing assets, pausing transactions, and meeting AML/sanctions obligations. She explained Canton’s structure as a public, permissionless network with application-level privacy controls, a global synchronizer, and super validators chosen by vote. She also highlighted current ecosystem participants and use cases, including Broadridge, Circle, and the DTCC’s planned tokenization of U.S. Treasuries on the network. Members and online participants asked about the relationship between tokenized assets and the Clarity Act, tokenized deposits, safeguards for faster settlement, and whether the platform could be used for municipal or property records. Julie said Digital Asset was not taking a position on rewards, but supported clearer statutory definitions because tokenized securities should carry the same rights as the underlying assets and investors need to know whether a token is a true tokenized security or a synthetic/reference token. She said the company is agnostic on whether the cash leg is stablecoins or tokenized deposits, though it expects both to develop. In response to concerns about rapid settlement, she pointed to institution-level permissions and SEC disclosure expectations as safeguards. She also said the technology could be used for other records, including potentially property-related records, if those assets can be tokenized.

Transcript Highlights:

• So the first tier of your resort beyond your homestead would come in at a low value, your second tier
• on your property as a type of value on your property as a development<00:39:40.760> property<
• homestead would come in at a low value homestead would come in at a low value your<00:40:10.800>
• of property tax values in that time<00:40:31.720> so<00:40:32.000> the<00:40:32.640>
• it's the value of that's going up it's the value of property<00:58:24.559> in<00:58:24.760>

Bills: HF1359, HF1829, HF290, HF1933, HF926

Keywords: solid waste management, resource management account, environmental fund, taxation, Minnesota statutes, homestead, property tax, classification, disability, resort properties, recreational use, commercial property, tax refund, estimated tax, interest on refunds, income tax, corporate franchise tax, S corporation, partnership, corporation

Transcript Highlights:

• Additionally, because gold and silver will be exchanged at its nominal value, Nominal legal tender value
• Physical gold, and it's translated to a value based on a closing value of that commodity, correct?
• They want to have their values be what becomes the common sense value for the world, which really isn't
• value based on inflation statistics.
• of value.

Bills: HB246, HB796, HB 1056, HB1544, HB1846, HB2001, HB2618, HB2625, HB2869, HB2898, HB3069, HB3114, HB3157, HB3228, HJR98, HB246

Keywords: federal directives, state authority, Tenth Amendment, government enforcement, local governance, gold standard, legal tender, currency, transactional currency, financial transactions, electronic payment systems, state finance, regulatory compliance, electric trucks, charging infrastructure, advisory council, transportation, sustainability, criminal penalties, official information

Transcript Highlights:

• Our deepest values are reflected in honoring the promises we make and the vows we take.
• It is not just about being seen, but about being heard and valued.
• We value you, and this body will protect you.
• And if that is what they're saying, then those are not the values of California.
• He spent most of his time teaching them the core values of life.

Keywords: 988, house, all

Transcript Highlights:

• At their heart, government budgets are values documents.
• and this budget values Californians.
• And the budget isn't perfect, but it does reflect our values.
• And the budget isn't perfect, but it does reflect our values.
• But values and budget principles are two different things.

Summary: The Assembly convened after a quorum call and proceeded to floor business, with the main item being SB 101, the state budget bill. Before debate on the bill, Assembly Member Sanchez offered amendments to redirect funding toward Proposition 36 implementation, wildfire prevention, Medi-Cal provider reimbursement, developmental services, and other priorities; the majority moved to lay those amendments on the table, and the motion passed 43-18. The chamber then took up SB 101 as the budget bill for immediate effect. Debate on the budget was extensive and sharply divided. Supporters, including Assembly Member Gabriel and several committee chairs, described the budget as a difficult but responsible compromise that protects Medi-Cal, IHSS, child care, housing, wildfire prevention, and other safety-net programs while responding to a projected deficit and federal uncertainty. Opponents criticized the budget as fiscally unsound and argued it relied on accounting gimmicks, did not adequately fund Proposition 36 or wildfire prevention, and continued spending on high-speed rail and Medi-Cal coverage for undocumented immigrants. Several members also raised concerns about gas taxes, provider reimbursement, probation funding, and the impact on vulnerable Californians. After debate, the Assembly voted on SB 101 and passed it 57-19. The measure was sent immediately to the Senate. The body then announced upcoming session schedules, with no floor or check-in sessions on June 14 and 15, and a floor session set for June 16 at 1 p.m., before adjourning.

Transcript Highlights:

• At their heart, government budgets are values documents.
• And it's true that budgets do reflect our values, and this budget values Californians.
• And the budget isn't perfect, but it does reflect our values.
• So many of us declared that we stand with him and that we stand for California's values.
• I totally respect that, but values and budget principles are two different things.

Keywords: 988, house, all

Transcript Highlights:

• I will pay double or not at the same value.
• First, several bills would freeze the assessed value... ...that we need.
• This is not because we have... ...the increase in the assessed value of homes.
• Rising home values push up the cost of insurance.
• Rising home values push up the cost of insurance, adding to the hardship.

Keywords: 995, all

Summary: The Joint Committee on Revenue held a hearing on bills related to senior and disability property tax relief, with a focus on helping older adults and people with disabilities remain in their homes. Testimony supported H. 3968, which would make certain senior and disability property tax exemptions permanent so eligible residents would not have to refile annually, and H. 3198, which would expand the senior circuit breaker tax credit by indexing income and credit limits to cost of living and raising the home valuation cap from $1.1 million to $1.5 million. Representative Scanlan also testified in favor of several additional bills, including a local option motor vehicle excise tax exemption for low-income seniors and veterans, a local property tax cap for low-income seniors, an expanded senior property tax exemption, and a senior property tax deferral program designed to be revenue neutral over time. Witnesses from the City of Boston, the Massachusetts Municipal Association, and the Massachusetts Association of Assessing Officers generally supported local-option property tax relief measures and said they would help seniors age in place while giving municipalities flexibility. Committee members raised concerns about possible abuse or fraud if exemptions became permanent, and about how assessors would verify continued eligibility without annual reapplication. Supporters responded that eligibility could still be tied to real estate transactions and other documentation, and that the current annual filing requirement causes many eligible seniors to miss out on benefits. Mass Senior Action Council members testified that many seniors are struggling with rising property taxes, insurance, and other costs, and urged broader reforms such as freezing assessed values, improving outreach, strengthening the work-off program, and allowing more flexible payment or deferral options. No votes were taken; the hearing concluded after testimony and questions.

Transcript Highlights:

• The question for me is more value: is the HHF getting good value for the capital it already has and any
• discussion about the high value discussion about the high value buildings<01:02:24.160> versus
• <01:02:25.160> so buildings versus the low value and so buildings versus the low value and
• HPIA, of course, we have a billion dollars of insured values.
• questions Senator Melby is the value questions Senator Melby is the value going<01:32:34.639>

Keywords: 910, house, all

Transcript Highlights:

• To this day, drawing on these values and traditions, time and again, our two countries have always found
• To this day, drawing on these values and traditions, time and again, our two countries have always found
• Our Shared values prevailed. Today we find ourselves in a new era, but those values remain.
• I pray with all my heart that our alliance will continue to defend our shared values with our partners
• I pray with all my heart that our alliance will continue to defend our shared values with our partners

Keywords: U.S. House of Representatives Floor Proceedings on Tuesday, April 28, 2026, 1012, house, all

Transcript Highlights:

• party, who do not share its core values party, who do not share its core values and<00:14:08.959
• Each party should choose the candidates who best represent their values.
• And I who best represent their values.
• <00:18:59.760> and candidates to represent my values. and candidates to represent my values
• <00:42:15.839> and enshrine principle and our values and enshrine principle and our values

Bills: HB541

Keywords: PFAS, drinking water, public health, environmental management, liability, 923, senate, all

Transcript Highlights:

• at a part of the economy value at a part of the economy value that<01:05:16.000> should<01
• This is taxing value and data.
• You can go all the way to value.
• years where the consumer gets the value years where the consumer gets the value and<01:39:27.840
• who gets access to it and can get value who gets access to it and can get value from<01:39:34.080