Video & Transcript : 'economic development agreement' :

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NM

New Mexico 2026 Regular Session

Senate - Finance Jan 28th, 2026 at 02:47 pm

Senate Finance

Transcript Highlights:
  • So economic development, that's what I believe in. We've got to get this ball rolling.
  • Moving on to the Economic Development Department... Mr.
  • Moving on to the Economic Development Department.
  • But so we worked with AREA, the regional economic development alliance.
  • We worked with Sandoval County economic development.
US
Transcript Highlights:
  • She has built an impressive business career in the art industry, driving innovation and economic development
  • -Croatia relations through economic development, cultural exchange, and strategic cooperation.
  • We have a lot more, we have a lot better economic ties than what China does.
  • requests from the first Trump administration to end that agreement.
  • This agreement is secret, so we do not know the content. of this agreement.
Summary: The meeting was characterized by a series of introductions and personal anecdotes shared by the committee members, with a focus on the importance of community engagement and transparency in legislative processes. Members expressed their commitment to open hearings and the necessity for public involvement in discussions impacting constituents. Several members remarked on how personal experiences shape their legislative priorities, thus reinforcing the human element of governance. However, there was a noticeable absence of discussion regarding specific bills, indicating that the session may have been more exploratory or introductory in nature.
NH

New Hampshire 2025 Regular Session

Senate Energy and Natural Resources (04/01/2025)

Energy and Natural Resources

Transcript Highlights:
  • Economic development tool. Test bed for regulated utilities.
  • Economic Welcome new businesses. Economic development<01:10:12.960><c> tool.
  • development tool.
  • development tool.
  • </c><01:38:12.880><c> development</c> from an economic development from an economic development perspective
NM

New Mexico 2025 Regular Session

IC - Legislative Finance Jun 24th, 2025

Transcript Highlights:
  • development.
  • Maggie Klug: As you can see, tax expenditures comprise most of economic development investments, and
  • you can see a list of these economic development tax expenditures on the right side of the slide.
  • Presenter: I would say the economic development literature tends to estimate the impacts as being higher
  • I think that the economic development literature has looked at those questions, looking at quality of
CA

California 2025-2026 Regular Session

Senate Transportation Committee Apr 27th, 2026

Transportation

Transcript Highlights:
  • And we have launched a code development agreement procurement to bring in a private partner by 2026,
  • My question is about economic development as part of this project, which seems like a really good idea
  • I think that's like fiber optic and other things that would attract business for economic development
  • It's, this benefits everyone, and it's good for economic development and quality of life in addition
  • Senator Blake Spears' comments about economic development.
Summary: The Senate Transportation Committee held an informational hearing on the California High-Speed Rail Authority’s 2026 draft business plan and next steps for the project. Chair Cortese opened by noting major changes since the 2024 plan, including new leadership, a bottoms-up review, scope changes in the Central Valley, loss of federal funds, and renewed interest in private investment and value capture. The Authority’s CEO, Ian Chaudhary, presented the project as moving into a construction and track-laying phase, citing progress on Central Valley structures, right-of-way acquisition, utility relocations, and a new procurement for track and systems. He said the plan reflects a more disciplined, optimized approach, with the Merced-to-Bakersfield segment targeted for revenue service around 2033 and the broader Phase 1 corridor envisioned as commercially viable through ancillary revenues, public-private partnerships, and future private financing. Committee members questioned the Authority about station relocations, single-tracking, tax increment financing, utility relocation authority, transparency, and the feasibility of private financing. Chaudhary said the Merced and Bakersfield station locations were still under discussion with local governments and that no contracts had been finalized. He defended the reduced scope and single-track approach as a just-in-time strategy to avoid overbuilding, while maintaining high-speed standards. He also said the Authority was exploring land value capture, broadband, energy, and other corridor-based revenue sources, but acknowledged that some tools would require legislative action and that private financing options were still being evaluated. Several senators expressed support for the project but raised concerns about permitting delays, local opposition, constitutional and statutory limits, and the need for stronger accountability. The Legislative Analyst’s Office and the High-Speed Rail Inspector General then gave critical assessments of the draft plan. LAO staff said the plan assumes major statutory changes, understates risk, lacks transparency about scope changes, and may not fully fund even the smaller Merced-to-Bakersfield segment once borrowing costs and other uncertainties are considered. Inspector General Ben Belknap said the draft plan does not comply with newer statutory requirements in SB 198 and AB 377, citing three main deficiencies: unauthorized scope changes to the Merced-to-Bakersfield segment, an inadequate funding plan that omits financing costs, and missing procurement milestone dates. He said the Authority’s presentation obscures the true cost and schedule impacts of the project changes, and that incomplete reporting limits legislative oversight. The Authority responded that it would address the OIG’s findings in the final business plan, and committee members indicated they expected a written response on compliance issues.
AZ

Arizona 2026 Regular Session

03/23/2026 - Senate Finance

Senate Finance Committee of Reference

Transcript Highlights:
  • This is a rural economic development tool, not a big city program.
  • This is a rural economic development tool, not a big city program.
  • That's a conversation we have to sit with the city; development agreements get done, and we can work
  • But I will tell you that through the development agreement process, it's not that some piece would be
  • When done right, they can support economic development, help municipalities and developers deliver infrastructure
Summary: The Senate Finance Committee approved the March 16, 2026 minutes and then heard testimony on several bills, with the chair noting that votes would be taken in batches because members were coming and going. HB 2939 would increase the rural qualified facilities tax credit from $20,000 to $25,000 per job for certain projects with initial investment under $2 billion; Lucid Motors supported it as a rural economic development tool, while Senator Epstein questioned the fiscal note and whether the higher credit would actually attract new investment. HB 2950 would authorize tourism improvement areas funded by voluntary lodging assessments to support marketing and tourism promotion; the Arizona Lodging and Tourism Association and Visit Phoenix backed it as a competitive tool for rural and urban destinations, and committee members focused on whether participation was truly voluntary and how the assessments would be administered. HB 2780 made technical conforming changes to Arizona’s property tax lien foreclosure and excess proceeds sale process, building on a prior law that created a mechanism for delinquent property owners to recover equity; the sponsor and a longtime constituent said the changes would fix timing and credit-bid language so qualified entity sales could work in practice. HB 2502 would let certain elected officials in ASRS retire at normal retirement age without resigning their office, with the employer paying the alternate contribution rate; ASRS said it was neutral, and the sponsor argued the bill would treat elected officials more like other ASRS members. The committee then adopted do-pass recommendations for HB 2502, HB 2780, HB 2950, and HB 2939, with each passing on split votes. The committee also adopted a striker to HB 2140, allowing the State Treasurer to invest up to 10% of state trust and treasury monies in physical gold or silver bullion held in secure U.S. depositories. The sponsor and the Sound Money Defense League argued it would diversify reserves and hedge against market disruption, while opponents said gold is volatile, costly to store, and not something taxpayers need the state to buy. HB 2140 then passed as amended on a 4-2 vote. Finally, the committee heard HB 2398, as amended, which requires commercial liability insurance for watercraft rentals and peer-to-peer boat sharing programs, with supporters saying it addresses uninsured rental boats and law enforcement concerns; the bill passed as amended on a 6-1 vote. The committee also heard HB 2999, a major housing-finance bill creating state affordability infrastructure districts to finance public infrastructure through bonds and assessments; proponents said it would lower housing costs by spreading infrastructure costs over time, while contractors and some senators raised concerns about payment risk, impact-fee treatment, and whether savings would reach homebuyers. After adopting a striker and hearing extensive questions, HB 2999 passed as amended on a 6-1 vote.
KY
Transcript Highlights:
  • Uh, all of the ports across the state, primarily the most active ports, some are economic development
  • Uh, all of the ports across the state, primarily the most active ports, some are economic development
  • development with commercial economic development with commercial airports.<01:05:24.160><c> Uh</c><01
  • to focus on infrastructure upgrades, safety projects, and of course economic development.
  • And then the last economic development.
Summary: The subcommittee approved the October 15 minutes and observed a moment of silence for the victims of the UPS Worldport plane crash. The main presentation was from Transportation Cabinet Commissioner Bobby Joe Lewis on the Local Assistance Road Program/County Priority Projects Program (LAARP/CPP), which was implemented under House Bill 546 and now requires rehabilitation projects to restore roads to original condition, cap funding at $500,000 per project, use a new scoring matrix, include a local match, and submit one photograph per 300 feet of project length. He reported that the 2026-2027 cycle ran from June 1 to October 1 and drew 1,215 project applications from 107 counties and 106 cities, with total submitted project costs of about $121.1 million and about $102.3 million requested after local match. He also said 30% of submissions scored 10s and 22% scored 9s, and that the list of requests and required photos had been submitted to the General Assembly and LRC. Members asked about how scores change over time, whether roads can move from lower scores to 10s, and whether the new process gives a better picture of local needs. Lewis said scores can change based on weather and road conditions, but the new system provides more information and a more standardized evaluation than before. Several members raised concerns about the volume and size of required photographs, suggesting drone footage or video as an alternative; Lewis said the photo requirement has caused confusion and large file uploads, and he was open to considering easier ways to document conditions. Members also discussed continuity in scoring across districts, and Lewis explained that district staff appointed by chief district engineers use a handbook and scoring matrix, with the scores entered into a computer system so evaluators do not see the final score while scoring. The committee also discussed funding levels and carry-forward balances for the program. Lewis said the program began with $20 million authorized in HR92, noted underruns from completed projects, and reported a carry-forward amount that had grown to $355,432.42 available for reauthorization as of October 13. In response to questions, he said the current process concentrates applications into a short window, with 63% of applications arriving in the last few days and 417 on October 1, which created a heavy workload but was completed on time. The meeting then moved to multimodal funding priorities, with Jennifer Kersner of Kentuckians for Better Transportation introducing herself and offering condolences for the UPS aviation incident before beginning her remarks.
WA

Washington 2025-2026 Regular Session

Senate Transportation Mar 2nd, 2026

Transcript Highlights:
  • Learning about Interstate 82 economic development improvements on the east-west corridor.
  • Kevin Shudy, Mason County Economic Development Council, and Mr.
  • state's economic development goals.
  • Kevin Chudy, Mason County Economic Development Council, and Mr.
  • deliver the state's economic economic development council.
Summary: The Senate Transportation Committee held a work session on two major corridor projects before moving to public hearing and executive session. In the Yakima area, WSDOT, Yakima County, and Ecology described the Interstate 82/east-west connector work as a coordinated effort to add capacity, improve interchanges, and address the Boise Cascade mill site contamination that sits in the project footprint. County and Ecology witnesses said the county is ready to remove wood waste and contaminated material, but the project is stalled pending a draft work plan and a de minimis consent decree; several senators pressed for faster action and clearer direction from Ecology. The committee then heard an update on the SR 3 Belfair freight corridor, where WSDOT said environmental review is complete and the next major step is an access hearing this summer, followed by right-of-way acquisition and construction likely in late 2027 or early 2028. Local and tribal partners emphasized the project’s importance for freight mobility, housing growth, emergency access, and regional economic development. The public hearing was on engrossed substitute House Bill 2711, a transportation resources bill that largely tracks provisions from prior legislation but also adds or changes several tax and account provisions. Staff explained that the bill clarifies fuel tax and peer-to-peer tax distributions, treats trade-in value differently for recreational vessel and luxury vehicle taxes, provides a six-month motor home exemption and penalty waiver for the luxury vehicle tax, allows lease payments to be made over time, exempts tribal members and nonresidents, creates a Preserve Washington account, changes some transfer timing, and repeals the luxury aircraft tax. Testimony was mixed: aviation groups supported repealing the luxury aircraft tax; trucking and some citizens opposed fuel tax and diesel tax increases; Sound Transit, transit advocates, labor, and ferry interests asked for amendments such as 75-year bonding authority, mobile driver’s licenses, ferry funding, and bike education funding. Alaska Airlines and Delta also supported adding mobile ID language. In executive session, the committee advanced several bills, including SHB 1823, SHB 2114, E2SHB 2251, SHB 2323, SHB 2410, EHB 2588, 2SHB 1923, and HB 2495, all with due pass recommendations after adopting amendments where applicable. The committee adopted a striking amendment to E2SHB 2251 adjusting Climate Commitment Act account distributions and a striking amendment to EHB 2588 limiting the ferry district changes to Whatcom County and removing the voter-approval tax provision. It also adopted an amendment to 2SHB 1923 that added further conditions for passenger-only ferry districts, including whale-protection and fare-related provisions. Senator King voted no on E2SHB 2251, objecting that the bill reduced the transportation share of Climate Commitment Act revenues. The chair announced one more executive action meeting would be held Wednesday morning, with amendment requests due the prior day.
CA
Transcript Highlights:
  • As you all know, GO-Biz serves as the state's leader for job growth and economic development.
  • that work and the state's first statewide economic development strategy in 20 years.
  • I serve as the Senior Advisor for Economic Policy at the Governor's Office of Business and Economic Development
  • We have various clients who have benefited from the state's economic development.
  • Advisor. for Economic Policy at the Governor's Office of Business and Economic Development.
NM

New Mexico 2025 Regular Session

IC - Economic and Rural Development Aug 11th, 2025

Economic & Rural Development & Policy Committee

Transcript Highlights:
  • It's going to overall increase economic development.
  • Economic development projects. Thank you, Madam Chair.
  • We have not had an official economic development strategic plan.
  • come about because of that economic development.
  • I think education and economic development are very important.
MN

Minnesota 2025-2026 Regular Session

House Environment and Natural Resources Finance and Policy Committee 2/18/25

Environment and Natural Resources Finance and Policy

Transcript Highlights:
  • <00:03:55.519><c> Development</c><00:03:56.360><c> and</c><00:03:56.519><c> natural</c> Economic Development
  • and natural Economic Development and natural resource<00:03:57.319><c> protection</c><00:03:58.079><
  • </c> to natural resource protection Economic to natural resource protection Economic Development<00:04
  • </c> the the legislative charge on developing the the legislative charge on developing the<00:10:47.720
  • The agreement is a contract with USDA that has been consummated, so we have a signed agreement for us
CA
Transcript Highlights:
  • I think this new commitment is a highlight from last year's budget agreement.
  • So I would imagine this would have a federal economic impact as well.
  • This is an economic crisis.
  • They represent over 1,100 infant and toddler spaces in active development.
  • They're drivers for economic growth in our state.
CA

California 2025-2026 Regular Session

Senate Environmental Quality Committee Apr 22nd, 2026

Environmental Quality

Transcript Highlights:
  • SB 925 tasks the California Energy Commission with developing a statewide roadmap for the development
  • The Navy intends to convey through an economic development conveyance approximately 2,350 acres of the
  • My name is Guy Bjurkey, and I'm the Director of Economic Development and base reuse for the City of Concord
  • We also have planned, because the Navy wants our economic development conveyance to demonstrate job attraction
  • It's also important to realize that the current developer for the project is the third developer; the
Summary: The committee heard presentations on several energy, environmental, and consumer protection bills while operating at times without a quorum. Senator McNerney presented SB 925, which would direct the California Energy Commission to develop a statewide roadmap for fusion energy, and SB 1350, which would expand the use of green hydrogen in the power sector by allowing renewable portfolio standard credit for power plants using hydrogen. Supporters said both bills would help California maintain leadership in emerging clean-energy industries, attract investment, and create jobs. Opponents of SB 1350 raised concerns about greenwashing, resource shuffling, and increased NOx emissions from hydrogen combustion, while supporters said committee amendments added guardrails against those outcomes. Senator Ashby presented SB 1010, a manufacturer-funded extended producer responsibility program for refrigerants in appliances; supporters said it would reduce greenhouse gas emissions and improve recovery, while opponents argued existing laws already regulate refrigerants and that the bill could raise costs and disrupt recycling markets. Senator Grayson presented SB 1145 to streamline CEQA and federal reuse procedures for qualifying projects in the Concord Reuse Project Area, which supporters said would help deliver long-planned housing, jobs, and open space, while one housing group sought stronger affordable-housing guarantees. Senator Cabaldon presented SB 1341, which would give CalRecycle authority to reduce processing fees for wine and spirits bag-in-a-box containers when fee collections exceed program needs; supporters said the current fee increase was abrupt and excessive, while opponents warned against giving the agency too much discretion. Senator Padilla presented SGR 13, urging the U.S. to secure enforceable commitments to eliminate transboundary sewage pollution in the Tijuana and New River watersheds during the 2026 USMCA review, and SB 1033, which would require testing and disclosure of heavy metals in protein products; SGR 13 drew strong support from border and environmental justice advocates, while SB 1033 drew support from consumer and health groups and opposition from industry groups concerned about labeling burdens and scope. Senator Caballero presented SB 1183, requiring a state study of the environmental, land-use, and economic impacts of industrial solar in the Central Valley; farm and land-use advocates supported the bill, while solar industry groups opposed unless amended, saying it should better reflect solar’s benefits and existing state analysis. After testimony, the committee took roll and adopted several measures on a 4-0 or 3-0 basis, with bills including SJR 13, SB 925, SB 1350, SB 1145, SB 1341, SB 1033, and SB 1010 advanced on call to Appropriations or, in the case of SB 1010, already voted with a 3-1 result before being held on call.
MN

Minnesota 2025-2026 Regular Session

House Floor Session: 2025 First Special Session - part 3 Jun 9th, 2025

Minnesota House Floor Meeting

Transcript Highlights:
  • development.
  • development.
  • No, Department of Economic Development hasn't even finished making the rules yet, and this is going to
  • issue; it's an economic development issue.
  • You are doing workforce and economic development work.
CA

California 2025-2026 Regular Session

Senate Revenue and Taxation Committee Apr 22nd, 2026

Revenue and Taxation

Transcript Highlights:
  • Across California, local governments rely on tax-sharing agreements as a tool to attract economic development
  • But when those agreements are structured without clear guardrails, development.
  • By aligning incentives with genuine economic development, we ensure that public dollars are actually
  • SB 1172 ensures that economic development works for our communities, not against them.
  • SB 1172 ensures that economic development works for our communities, not against them.
MN

Minnesota 2025-2026 Regular Session

Committee on Judiciary and Public Safety - 04/15/26

Judiciary and Public Safety

Transcript Highlights:
  • Often times when I talk to local officials, they tell me that they want to compete for economic development
  • It simply states that, in practice, non-disclosure agreements are commonly used during economic development
  • I agree with you that we have to be competitive as a state for economic development.
  • I agree with you that we have to be competitive as a state for economic development.
  • development in these promote economic development in these types<00:15:00.040><c> of</c><00:15:00.120
CA

California 2025-2026 Regular Session

Senate Transportation Committee Apr 27th, 2026

Transportation

Transcript Highlights:
  • And we have launched a code development agreement procurement to bring in a private partner by 2026,
  • My question is about economic development as part of this project, which seems like a really good idea
  • Okay, so the status of the economic development effort right now is that you are...
  • Okay, so the status of the economic development effort right now is that you are... what's the exact
  • I think that's like fiber optic and other things that would attract business for economic development
CA
Transcript Highlights:
  • Los Angeles County Department of Economic Opportunity and the Economic Development Collaborative for
  • Bruce Stensley, President and CEO, Economic Development Collaborative in Ventura County.
  • We're a regional workforce and economic development public-private partnership.
  • Bruce Stensley, President and CEO, Economic Development, Collaborative in Ventura County.
  • We're a regional workforce and economic development, public-private partnership.
Summary: The committee heard several labor-related bills, with AB 1424, AB 1340, AB 288, and AB 746 all advancing on due-pass motions to Appropriations after testimony and roll calls. AB 1424 would require climate resiliency and extreme-heat protections in CDCR facilities; supporters described dangerous heat conditions for incarcerated workers and staff, while no opposition testified. AB 1340 would allow rideshare drivers to unionize and collectively bargain; drivers, labor groups, and researchers testified that app-based work is low-paid and unstable, while TechNet, Uber, Lyft, and other business groups argued the bill conflicts with Proposition 22 and could raise costs. AB 288 would let PERB step in when federal labor remedies are unavailable; supporters said it is needed because of NLRB dysfunction, while the Chamber of Commerce raised preemption and enforcement concerns. AB 746 would create an inmate cooperative program and a green reentry reserve; supporters framed it as a recidivism-reduction and reentry strategy, and there was no opposition testimony. The committee also heard AB 858, which would extend hotel and hospitality worker recall rights after declared emergencies and extend existing COVID-era protections. Hospitality workers and unions supported the bill as a way to protect jobs after pandemics, wildfires, and other disasters, while hotel, chamber, retail, restaurant, trucking, travel, and attractions groups opposed it, saying the current recall rules were meant to sunset and that the bill would create broad liabilities and hiring complications. The bill was moved to Appropriations but remained on call after the roll. AB 291, creating a credentialed educator apprenticeship program to address teacher shortages and improve diversity, drew support from education groups and stakeholders who said apprenticeships could lower preparation costs and provide better support; it was also moved to Appropriations and placed on call. Later, the committee took up AB 1104, a solar-energy bill intended to clarify that private solar customers are not “awarding bodies” and to ease certain business-to-business solar transactions while preserving prevailing wage and apprenticeship requirements for contractors. Supporters said the current interpretation has chilled commercial solar adoption and harmed jobs, while opponents from electrical workers, PG&E, and others warned about expanded “over-the-fence” power sales and the need for clearer limits. Members questioned the lack of a definition of “small,” and the bill was held without a second. The committee also heard AB 338, which seeks $50 million for Los Angeles and Ventura wildfire workforce recovery; the author and county officials described major job loss and business destruction and said the funds would support displaced workers and rebuilding, with the testimony continuing beyond the excerpt provided.
CA

California 2025-2026 Regular Session

Assembly Utilities and Energy Committee Mar 26th, 2025

Utilities and Energy

Transcript Highlights:
  • Neil Matuka: We anticipate that these projects would be developed through contracts with private developers
  • our economics report to CAISO's 20-year outlook.
  • Most of the schedule is on the developers.
  • Now, the developers sometimes are not quite ready all the time.
  • And then we got to develop that into a scope, which is very technical.
Summary: The committee first heard AB 13, which would restructure the Public Utilities Commission by adding legislative liaisons, requiring more frequent and detailed reporting on rate decisions, and changing commissioner representation to increase geographic diversity and accountability. The author and supporters argued the CPUC is too insulated from public pressure and that Californians need more transparency and oversight on utility rate hikes. Support came from former CPUC Commissioner Loretta Lynch, Jeff Shields, wildfire survivor Will Abrams, TURN, and San Diego Gas & Electric in a support-if-amended position; there was no opposition testimony. Members generally praised the transparency goals, and the bill passed 10-0 to Appropriations, with the roll left open for absent members. The committee then adopted the 2025-2026 committee rules and approved three consent items: AB 61, AB 365, and AB 406. Those measures were moved on consent without substantive debate and passed unanimously. The committee also held AB 99, which would limit investor-owned utility rate increases above inflation except for specified costs such as safety, modernization, and fuel or commodity expenses. The author and supporters, including the California Senior Legislature, said the bill was needed to protect seniors and other ratepayers from repeated utility hikes, while opponents argued it was overly simplistic, could harm labor and reliability, and failed to account for major cost drivers like wildfire mitigation and mandated programs. Despite broad concerns from utilities, labor, business, and environmental groups, the bill advanced 11-0 to Appropriations, with several members noting they supported continued work on the measure. After the bill votes, the committee opened an informational hearing on strategies to reduce California transmission costs, the second part of its energy affordability series. Public Advocates Office staff presented data showing a large and growing backlog of approved-but-unbuilt transmission projects, rising transmission access charges, and long project timelines driven mostly by utility pre-application and construction phases. Panelists from D.H. Infrastructure, Net Zero California, IBank, and PG&E discussed alternative financing models, including public-private partnerships, public ownership, tax-exempt debt, loan guarantees, and grants, arguing these tools could lower capital costs and speed development. Members focused on whether the CPUC is the right venue, how to shorten permitting and pre-application delays, and how public financing could be structured to reduce costs without shifting burdens elsewhere.
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Ways and Means Feb 11th, 2026

Joint Committee on Ways and Means

Transcript Highlights:
  • We've also invested in economic foundations: child care, schools, college access, workforce development
  • Costs and drives economic growth.
  • growth, more development, particularly housing development, which is something I've been encouraging
  • development.
  • agreements...
Summary: The hearing opened the FY27 budget process with remarks from the Senate and House Ways and Means chairs and testimony from Governor Healey and Administration and Finance Secretary Matthew Gorzkowicz. The chairs emphasized fiscal caution amid choppy revenue growth, rising health care and education costs, and federal uncertainty, while the governor framed House 2 as a $62.8 billion budget that grows spending by about 1% without new taxes or fees and aims to protect core services while advancing affordability. The administration said the budget uses efficiencies, program integrity, and Fair Share surtax revenue to support education, transportation, housing, child care, health care, and public safety, and it also filed a supplemental Fair Share bill using surplus FY25 funds. Much of the questioning focused on the federal “OB3” tax law and the administration’s separate proposal to delay or phase in certain corporate tax changes, especially research and experimental deductions, to avoid in-year budget shocks. Members also pressed the administration on Fair Share allocations, with the governor and secretary explaining that operating-budget surtax spending is weighted more toward education while supplemental spending is more transportation-focused, and that combined spending is roughly balanced overall. The administration highlighted Chapter 70 aid, special education circuit breaker funding, rural school aid, local aid, child care, the MBTA deficit, regional transit authorities, and a new HHS transportation line item as part of the broader transportation strategy. Several members raised concerns about Chapter 70 equity, rural districts, municipal overrides, out-migration, housing affordability, public housing repairs, and the MBTA Communities Act. The governor and secretary said they are open to further discussion on school funding formulas, PILOT, and municipal aid, and stressed housing production, energy affordability, and workforce development as key responses to out-migration. On energy, the governor defended an all-of-the-above approach, including renewables, gas, and exploration of nuclear, while saying she would continue pushing utilities and regulators to reduce ratepayer costs. The governor also said fire safety grants would not be withheld for noncompliance with the MBTA Communities Act, and members discussed public safety, housing, and local grant impacts in that context. Other topics included the Bright Act and higher education capital investments, with the administration saying it is preparing to support campus infrastructure across the public higher education system and that the bill is intended to strengthen Massachusetts’ competitiveness and retain graduates. Members also questioned cuts to the PCA program and EAEDC, and the governor responded that the state’s PCA program remains strong but is under pressure from large federal health care reductions. No votes were taken; the session was a hearing on the governor’s budget proposal and related policy bills, with the administration taking questions and offering explanations of its recommendations.