Transcript Highlights:

• <01:07:43.839> inefficient, If county set aides were inefficient, If county set aides were
• deter to to arrive at a set outcome a set<01:09:44.799> equality<01:09:45.440> of<01:09
• And I was told this program right now has an 8% default rate or delinquency rate, but we're going to
• And I was told this program right now has an 8% default rate or delinquency rate, but we're going to
• have interest rates lower than the SBA. have interest rates lower than the SBA.

Keywords: 981, all

Transcript Highlights:

• as well as some thoughts on general rate-setting practice and considerations.
• So I want to just give a quick overview on rate-setting practice and philosophy there.
• collectively, or what we refer to as capital-related revenue requirements, at a minimum for prudent rate-setting
• And really, if we talk about fair rate setting, this actually has to happen.
• , and poverty rates.

Summary: The Water Topics Overview Committee met to review several interim studies and receive updates from the Department of Water Resources. The committee approved the March 26, 2026 minutes, observed a moment of silence for the late Representative Conmy, and welcomed Representative Hansen to the committee. Staff then reported that the watershed management study and the stormwater/wastewater study had both satisfied the presentation requirements in their study directives, with no further required testimony unless members wanted additional information. The department’s main presentation focused on major water projects and agency operations. Reese Haas and staff updated members on the NAWS project, the Southwest Pipeline Project, Devils Lake outlet operations, low-head dam safety work, floodplain management repository implementation, data center water use, and the 2027 Water Development Plan. Members asked detailed questions about NAWS funding sources, remaining project costs, capacity concerns for All Seasons and other users, and whether current construction is being designed for future demand. The department said NAWS remains on track for substantial completion by October, that remaining NAWS funding will come from a mix of federal, state, and local sources, and that current construction is designed for ultimate capacity while some future components will be adjusted for increased demand. A large portion of the meeting was devoted to the department’s cash management, Resources Trust Fund revenues, carryover balances, and the State Water Commission’s cost-share program. The department reported $340.6 million in carryover remaining, explained that much of it is already obligated to long-term projects, and noted that oil price forecasts and stripper-well exemptions will affect future revenues. Members raised concerns about large carryovers, affordability for local sponsors, and whether the state should continue obligating money multiple bienniums ahead. The department said it is working with the commission on a revised prioritization framework, including high/moderate/low project categories and a two-tier pre-construction/construction approach, to better manage obligations and affordability. The committee also reviewed Deloitte’s finalized studies on regional governance/finance and cost-share policy. Deloitte presented options for Southwest, NAWS, and Red River governance, with stakeholders generally favoring keeping NAWS largely as is, using the current Southwest model with improvements, and pursuing a more structured governance option for Red River. On cost share, the department said Deloitte’s recommended package would cover projected needs through the 2030s, but would require policy changes such as lower percentages for some project types, a 25% replacement-project rate with a cap, and possible bonding or delayed reimbursement strategies. No votes were taken on these policy questions, and the chair indicated the committee would continue the discussion at future basin meetings and the September Water Topics meeting.

Transcript Highlights:

• and options for traditional newspaper publication using the line rate and display rates.
• Unless you wanted a report on success rate or percentage. ...a report on success rate or percentages.
• Well, the data sets that my colleagues around the country are working with Well, the data sets that my
• So other data sets could be driver's license data. Okay.
• the service fee rates a year ago.

Summary: The task force reviewed survey results from state agencies on potential statutory revisions, with Levi reporting 70 proposals from 20 agencies and noting that about 33 might become agency pre-file bills. Members discussed the need to share the survey more broadly within higher education and to better coordinate issues involving IT and other cross-agency functions. The task force then heard from the Office of Management and Budget on three topics: concessions, architect/engineering pre-qualification, and legal notices. OMB said the concessions law is outdated and inconsistent with current practice, and suggested a collaborative rewrite to allow best-value evaluation, raise the threshold, and standardize solicitation templates. On architect/engineering pre-qualification, OMB proposed expanding authority beyond current state-agency limits and creating uniform templates. On legal notices, OMB proposed modernizing publication requirements, exploring online and abbreviated notices, and working with newspapers and other stakeholders on technology and accessibility improvements. Members asked about where concession revenues go, whether political subdivisions must follow the same rules, and how to move from discussion to action. The task force agreed to have OMB work with Legislative Council and affected stakeholders to develop bill drafts, and the motion passed unanimously. The University of North Dakota then presented a series of proposed revisions focused on public buildings and procurement. UND asked to rework the definition of construction so routine maintenance and one-for-one replacements over $250,000 would not automatically trigger public-improvement requirements, suggested raising the threshold to $500,000, and asked for more flexibility based on project complexity and risk. UND also proposed changes to public bid advertisements to reflect electronic bidding, revisions to construction manager-at-risk selection criteria, changes to architect/engineer procurement rules, an increase in the direct-hire design threshold, and a higher legislative-consent threshold for privately funded projects. The task force supported having UND work with counsel and OMB to develop bill drafts, and that motion also passed. The Department of Public Instruction concluded with proposed cleanup to credentialing and education statutes. DPI recommended reviewing its credential categories for relevance, possibly transferring credentialing authority to the Education Standards and Practices Board, removing outdated school safety patrol language, clarifying waiver provisions, and updating dyslexia screening reporting requirements so the statute reflects current practice. Members focused mainly on whether the dyslexia reporting requirement should remain, and DPI said the screening itself would continue even if reporting language were revised. No votes were taken on DPI’s suggestions, and the task force recessed after the presentation.

Transcript Highlights:

• The unemployment rate currently sits at 21% for the military spouse demographic.
• We're known for setting standards.
• The law mandates that it be compensated at the retail rate.
• And that's how flat rates work in one sense: that it's an average.
• And that's how flat rates work in one sense, that it's an average.

Keywords: 995, all

Summary: The Joint Committee on Consumer Protection and Professional Licensure held a hearing on late-filed bills and home rule petitions, with both in-person and remote testimony. Committee chairs reviewed logistics for public testimony and then heard a series of bill presentations on topics including nitrous oxide sales, liquor license extensions and alcohol license density, cosmetology licensure compacts, electronic textbooks, HVAC supervisor licensing, and automotive warranty reimbursement rates. Several members asked questions about the public health, consumer protection, economic mobility, and regulatory impacts of the proposals. Representative John Barrett testified in support of H. 4907, which would regulate the sale of nitrous oxide, arguing it is a public health measure aimed at reducing recreational misuse by young people while preserving legitimate culinary, medical, dental, and industrial uses. Southbridge officials Peg Dean and David Adams supported a local liquor license extension bill, saying delayed revitalization and staffing disruptions from the pandemic-era “Great Resignation” had slowed development and postponed demand for the licenses. MassPack supported H. 4597 to limit new alcohol retail licenses near existing stores after 2026, citing oversaturation and public health concerns, while the committee also heard testimony on a cosmetology compact bill from industry and state-government representatives who said it would improve workforce mobility, especially for military spouses, though members questioned its fee structure and interaction with existing reciprocity rules. Representative Mindy Domb testified for H. 559, which would create a commission to study electronic textbooks and automatic textbook billing, arguing that digital course materials can limit consumer choice, raise costs, and reduce students’ ability to share or resell materials. Student testimony echoed those concerns. The committee also heard strong support for H. 4719, a bill to create HVAC construction supervisor licensing, from industry witnesses who said it would improve consumer protection, accountability, and clean-energy implementation; and opposition testimony on H. 4019, which would change how auto dealers are reimbursed for warranty work, with dealers supporting a fix to manufacturer reimbursement practices and manufacturers warning the bill would raise costs and allow overpayment. At the end of the hearing, the chairs read the agenda items and the committee adjourned by unanimous voice vote.

Transcript Highlights:

• rate what what is the inflation rate rate what what is the inflation rate relative<00:19:55.080>
• Mortgage rates don't track interest rates; mortgage rates track the 10-year Treasury.
• Mortgage rates don't track interest rates; mortgage rates track the 10-year Treasury.
• my watch to it now a foot I could set my watch to it now rental<02:42:23.720> rates<02:42:24.240
• rate.

Keywords: 928, house, all

Summary: The meeting was a Ways and Means briefing opened by the vice chair, who introduced Jason Wong of the Federal Home Loan Bank of Boston to discuss the national and regional economy. Wong focused on inflation, asking why it had fallen from about 9% in 2022 to the 2%–3% range, and what that meant for monetary policy and the risk of an economic downturn. He said the Fed’s target is 2%, noted that recent PCE inflation was about 2.4% and core PCE about 2.7%, and described the ongoing debate over whether interest rates should stay tight or be lowered further to protect the labor market. Wong explained that the improvement in inflation has been driven largely by goods prices, especially durable goods such as cars, appliances, and furniture, as well as non-durable goods like food. He said supply-chain disruptions during the pandemic caused major price spikes in 2022, but those pressures have eased and many goods prices are now at or below the Fed’s target. He also referenced the New York Fed’s Global Supply Chain Pressure Index, saying it showed extreme pandemic-era disruptions that have since receded. The main remaining inflation problem, he said, is in services, especially housing. Wong broke services into rent of shelter and all other services, explaining that shelter is a large share of household budgets and that housing inflation has a lag because rent measures often reflect older lease terms rather than current market rents. He said monthly Zillow data suggest market rents have cooled and may eventually feed through to official inflation measures. Members asked several questions about the chart’s time scale, the treatment of real estate, property taxes, and utilities, and Wong clarified that housing costs are counted in services and that the slides would be shared digitally. No votes or formal actions were taken.

Transcript Highlights:

• continuation rate? First-year retention rate is 94%. That sounds pretty good.
• Higher rate than the pool at large.
• Our six-year graduation rate is over 80.
• The. set, we have a set, you know, 90% have to be Texas residents that enroll at the institution.
• Our success rate is pretty good no matter what.

Bills: HB42, HB 125, HB 1233, HB2853, HB3148, HB3326, HB3701, HB4066, HB4361, HB4762, HB4909, HB4912, HB42, HB125

Keywords: higher education, funding, financial allocation, state budget, Texas A&M University, University of Houston, education funding, medical education, osteopathic medicine, healthcare workforce, Tarleton State University, industry-recognized credentials, workforce development, career opportunities, feasibility study, student fees, university funding, student union, education, UT El Paso

Transcript Highlights:

• And we all know labor rates have gone up.
• When the Fed does it, it's set on a basket of products.
• But it is the same formula applied evenly on all the rates.
• We're not setting new rates, we're indexing them for annual inflation based on the Consumer Price Index
• , which is set by the Fed.

Transcript Highlights:

• Early college sets up students for success.
• First, completion rates reflect graduation rates of students enrolled in our community colleges in 2021
• Part of my wondering is how much of this is set in statute?
• Now, remember, those increases, the parameters are set out, are not set out by the university.
• Unlicensed or unregulated child care settings.

Keywords: 995, all

Summary: The hearing was a Joint Committee on Ways and Means budget session held in Lawrence focused on the governor’s proposed FY27 education and local aid budget, with remarks from legislative co-chairs, local officials, and education agency leaders. Acting Mayor Giovanni Rodriguez and Superintendent Ralph Carrero emphasized Lawrence’s high-need student population, the importance of Chapter 70 and Student Opportunity Act funding, and the impact of state aid on schools serving many English learners and low-income families. Carrero highlighted Lawrence High School programs such as early college, dual degrees, career pathways, and early childhood classrooms embedded in the high school, while lawmakers introduced themselves and noted the importance of the hearing to their districts. Acting Secretary of Education Amy Kershaw, Commissioner of Higher Education Noi Ortega, Commissioner of Elementary and Secondary Education Pedro Martinez, and Commissioner of Early Education and Care Amy Kershaw outlined the administration’s FY27 priorities. They described investments in literacy initiatives, universal school meals, student mental health, early college and career pathways, higher education affordability, community college and university student-success supports, preschool expansion, child care subsidies, and workforce supports for early educators. The commissioners also discussed federal funding threats, equity gaps, and the administration’s efforts to improve outcomes for Black and brown students, multilingual learners, students with disabilities, and low-income students. Members questioned the panel about the local contribution formula study, the final year of Student Opportunity Act implementation, and the need to revisit Chapter 70 funding to better address rising costs such as special education, transportation, and health care. Officials said the local contribution study report is expected by the end of June, with a draft to be shared after data analysis and public comment. Commissioner Martinez said the Student Opportunity Act narrowed funding gaps but more work is needed, and he pointed to a proposed Accelerating Achievement Initiative to support the highest-need schools. Senator Oliveira also raised concerns about Chapter 70 disparities and asked about partnerships with libraries to support literacy, prompting discussion of broader early literacy collaboration.

Transcript Highlights:

• In addition to any regular rate increases the first year and an estimated 16% increase over current rate
• In addition to any regular rate increases the first year and an estimated 16% increase over current rate
• In addition to any regular rate increases the first year and an estimated 16% increase over current rate
• In addition to any regular rate increases the first year and an estimated 16% increase over current rate
• about Idaho's rates.

Bills: HF1546, HF2403, HF2389, HF2398

Keywords: fire safety, public safety, statewide fire code, code cleanup, repeal, obsolete statutes, matches, strike-anywhere matches, safety matches, match packaging, match storage, tent safety, flame resistant tents, public assembly tents, flammable materials, fire code modernization, Minnesota Statutes chapter 325F, commerce policy, financial institutions, insurance regulation

Transcript Highlights:

• >> So charges are basically set based on market rate.
• Um, we use general data, both CMS data as well as local data, to set rates for our services, and it's
• Um, we use general data, both CMS data as well as local data, to set rates for our services, and it's
• set the rate for that we use that and set the rate for our<01:45:40.080> health<01:45:40.400>
• <01:45:47.199> uh<01:45:47.440> services<01:45:48.239> and to set rates for

Transcript Highlights:

• capitation rate."
• get get buried into a capitation rate. get get buried into a capitation rate.
• into the capitation rates. into the capitation rates.
• And I I believe eligibility rates.
• A 43% error rate. directly presented. A 43% error rate.

Keywords: During the committee meeting live stream, portion of the video was lost due to network issues. There were also some technical difficulties with content and the incorrect background image being used. The lost footage was recovered from backup, and the other issues corrected in post production editing. 1. 00:00:41 Call to Order 2. 00:01:02 Roll Call 3. 00:02:54 Approval of Minutes 4. 00:05:06 Statutory Reports and Data Requests 5. 00:35:14 2025 and 2026 Session Update 6. 01:03:10 Board Structure Updates and Subcommittees 7. 01:05:20 Public Comment 8. 02:23:14 Adjournment, 958, all

Summary: The Medicaid Oversight Board meeting opened with quorum, approval of the March 9 and March 16, 2026 minutes, and a welcome to new member Representative Willner. The board then heard a presentation from the Department of Medicaid Services on several statutory reports: the quarterly budget analysis (LRC) report, the quarterly MCO report, the provider tax and assessment report, the enrollee demographic report, the annual behavioral health/substance use disorder utilization report, and the Medicaid pharmaceutical rebate fund. Commissioner Lisa Lee and CFO Steve Bechal explained the reports and answered questions. On spending, DMS said the quarterly budget analysis report should be read using the summary tabs because the first tab reflects only traditional Medicaid and does not include all populations. Lee said the first three quarters of fiscal year 2026 showed about $191 million more in waiver spending than the same period last year, about $250 million more in other categories such as nursing facilities, CCBHCs, and FQHCs, and roughly $450 million more in total fee-for-service spending. She also noted that Medicare Part D premiums are 100% state funds and estimated the state-fund increase at about $140 million. For managed care, DMS said pharmacy, inpatient hospital, and outpatient hospital spending made up about 66% of MCO payments so far this fiscal year. Members asked about administrative costs, provider tax impacts, citizenship-status categories, medical loss ratio, and whether the reports could be expanded to show recoupments and citizenship-based spending. DMS clarified that the spending figures discussed were benefit costs only, not administrative costs, and said administrative match rates vary. On the provider tax and directed payments report, Lee said the new CMS proposed rule would allow separate payment terms to continue through the grandfathering period, but that the impact would be substantial for providers even if the administrative effect was minimal. She also said DMS was still reviewing unusual citizenship categories such as “other” and “unspecified,” and would provide more information on medical loss ratio and recoupments if available. Auditor Ball raised concerns about alleged waste, duplicate Social Security numbers, ineligible enrollees, and high error rates in other programs. Lee responded that Medicaid focuses on fraud, waste, and abuse, but said the cited $800 million figure was not factual because it did not account for people enrolled in more than one Medicaid program at the same time. She said DMS is reviewing eligibility systems, including changes tied to community engagement requirements, and is working with the cabinet’s eligibility staff and ombudsman division on error rates. No additional votes or formal actions were taken beyond approving the minutes.

Transcript Highlights:

• And what is your current vacancy rate?
• Do you have an idea what the vacancy rate is in that division?
• There is a 17% vacancy rate; they're down 70% on their employees.
• It's D, it's on line 14 to determine an actuarially sound premium rate and a future premium rate setting
• So future premium rate setting for the program created pursuant to the Paid Family Medical Leave Act

Transcript Highlights:

• Their rates of suicidality and depression are through the roof.
• The Swedish example, for instance, where there's lower death rates, all cause excess. death rates in
• Florida having lower all cause excess death rates.
• And to me, that diverse. set of ideas, allowing there to be a diverse set of ideas, people who disagree
• For decades, we've had body weight go up, diabetes rates, chronic. disease.

Keywords: NIH funding, healthcare research, chronic diseases, scientific integrity, public trust, pandemic response

Summary: The meeting of the committee focused on various healthcare and scientific issues, with significant discussions surrounding the impact of recent administrative actions on the National Institutes of Health (NIH) and its research agenda. Senators expressed concerns over funding cuts and personnel reductions, particularly the reported termination of over 1,200 NIH staff members, which could jeopardize ongoing and future research projects. The session included testimonies on the importance of supporting early-stage researchers and restoring public trust in scientific institutions following pandemic-related controversies. Additionally, the potential for future healthcare management based on diverse scientific ideas was emphasized as crucial to tackle chronic diseases effectively.

Transcript Highlights:

• Obviously, we set this system up.
• Subject to interest rates set by the Federal Reserve, these interest-bearing accounts are projected to
• It's specifically the interest rate set.
• It's specifically the interest rate set. That's, um...
• What's your run rate? What do you clear?

Bills: SB 1

Keywords: campground safety, youth camp regulations, flood safety, emergency evacuation, health and safety standards

Summary: The Senate Finance Committee held its first hearing of the 89th regular session, adopted nearly identical committee rules from the previous legislature by a 15-0 vote, and began review of Senate Bill 1, the state budget for fiscal years 2026-27. Chair Huffman outlined the budget framework, emphasizing conservative spending, a $332.9 billion all-funds budget, and major priorities including property tax relief, public education, border security, health and human services, transportation, energy, and water infrastructure. She also introduced committee and leadership staff and described the hearing schedule and public testimony procedures. Comptroller Glenn Hager presented the biennial revenue estimate, saying the state has $194.6 billion available for general-purpose spending, including a $23.8 billion ending balance, but warned that revenue growth is returning to more normal levels and that lawmakers should avoid using temporary spikes for ongoing commitments. Senators questioned him extensively about the Economic Stabilization Fund cap, sales tax trends, inflation, and whether the state should consider raising the cap or using severance-tax revenues differently. Hager said the Rainy Day Fund is expected to hit its cap, which would leave more severance-tax revenue in general revenue, and he stressed that infrastructure needs remain significant. The Legislative Budget Board then gave a detailed overview of SB 1 and the budget’s major components. LBB staff explained that the bill includes continued funding for the Foundation School Program, $850 million for the Texas State Technical College endowment, $1.3 billion for the Texas University Fund, $6.5 billion for border security, salary increases for correctional officers and state troopers, $3 billion for dementia research, higher community attendant wages, expanded community-based care, $5 billion for the Texas Energy Fund, and funding to clear volunteer fire department grant backlogs. They also outlined supplemental priorities such as water infrastructure, retirement legacy payments, rail grade separations, wildfire aircraft, and emergency facilities, and said the current controlling budget limit is the tax spending limit. A major portion of the hearing focused on property tax relief. LBB explained that prior-session relief grew from an expected $18 billion to $22.7 billion because of higher-than-anticipated property values and interactions among hold-harmless provisions, and that SB 1 continues and expands relief with $51 billion in total property tax relief, including $3 billion more for compression, $3 billion to raise the homestead exemption from $100,000 to $140,000, and a $500 million placeholder for business tax relief. Senators discussed the automatic nature of some of these costs, the effect of the non-homestead circuit breaker, the role of federal COVID funds, and the need to maintain school finance commitments if the state continues to compress school tax rates.

Transcript Highlights:

• I mean, how are rates determined on somebody's insurance?
• I mean, how are rates determined on somebody's insurance?
• I've never had an accident, yet my rates are going up.
• Why would an insurance company raise your rates on that?
• He's going to be driving at a different rate now.

Bills: SB1010, SB1024, SB1205, SB1232, SB1366, SB1552, SB1624, SCM1002, SCM1006, SCR1004

Keywords: Charlie Kirk, Loop 202, Arizona highways, transportation, renaming, roadable aircraft, registration, vehicle title, license plates, aviation safety, motor vehicle booting, private property, fees, dispute process, regulations, outdoor advertising, military compatibility, zoning, electronic signage, permitting

Transcript Highlights:

• But if you look at their turnover rates, they're dealing with... with 30-plus percent turnover rates
• This chart highlights turnover rates for JCOs all.
• Is the turnover rate I think you if not have the highest turnover rate in a state is it's definitely
• And those are those come from savings that you see in reduced re-arrest rates, re-incarceration rates
• With a 90.7% success rate. completion rate.

Keywords: 1184, house, all

Transcript Highlights:

• The bill also sets graduation rates that are not workable for many small firms.
• There are high failure rates for job performance or routine tasks. My welcome.
• Similarly, in Pepperell, light pollution is increasing at a rate of By 50%.
• The final section in this bill asks DPU to set new rates for unmetered lighting.
• Additionally, the bill sets standards for eight different appliances or products.

Keywords: 995, all

Summary: The committee hearing focused on a broad set of energy efficiency, building decarbonization, school modernization, and lighting bills. Testimony generally came from municipal leaders, labor unions, environmental groups, and advocates who supported measures such as H. 3529/S. 2294 on building energy and decarbonization, H. 3577/S. 2286 on a zero-carbon renovation fund, H. 3476/S. 2275 on healthy and sustainable schools, H. 3565 on Mass Save zero-carbon assessments, H. 3477 on clean lighting and appliance efficiency standards, and the Dark Sky bills on outdoor lighting. Supporters argued these bills would cut emissions, lower utility bills, improve indoor air quality and school conditions, and direct resources to environmental justice, gateway, and low-income communities. Witnesses emphasized that Massachusetts’ older building stock and school facilities need major upgrades, and that state funding and financing tools are needed to close gaps left by declining federal support. Mayors, labor leaders, and environmental advocates said the proposals would create local jobs, expand apprenticeships, and help municipalities and schools undertake retrofits, ventilation improvements, heat pump installations, and other decarbonization work. Several speakers also defended Mass Save as highly cost-effective while urging new funding sources beyond ratepayer bills for larger-scale building upgrades. One representative asked about the difference between current Mass Save audits and proposed zero-carbon assessments, and the sponsor explained the new assessments would include heat pumps, solar, storage, wiring upgrades, and rate-structure guidance. There was also testimony on the Dark Sky bill, with astronomers and museum representatives arguing that better-shielded, downward-facing lighting would reduce energy waste, protect wildlife and human health, and preserve night skies without compromising safety. Committee members raised concerns about pedestrian safety and whether education might be enough instead of legislation; supporters responded that the bill follows established lighting standards and targets only unnecessary glare and skyward light. On the school bill, an open-shop contractor group opposed the measure, arguing its PLA and apprenticeship requirements would restrict bidding and reduce competition, while labor organizations strongly supported the workforce standards and prevailing wage provisions. No votes were taken during the hearing. The committee heard extensive testimony and several members asked clarifying questions, but the transcript does not show any final action or disposition on the bills.

Transcript Highlights:

• First, on the failure rate, you're talking about the existing failure rate.
• That failure rate could go way up.
• You could multiply the failure rate by 10 times and you'd still only be at what, a 1% failure rate, or
• You could set up a fund, you could set Aside money to plug and abandon the well.
• This sets us up to get there.

Transcript Highlights:

• When the timber tax was set at the 10% rate it is in 1948, it was an estimate for how much towns would
• When the timber tax was set at<00:13:02.560> the<00:13:02.639> 10%<00:13:03.200> rate
• to set the current use rates.
• actually set up a a a fund that was actually set up a a a fund that was meant<00:17:17.360> to
• and and you're all set with the 18th. and and you're all set with the 18th.

Keywords: 928, house, all

Summary: The meeting opened with roll call and approval of the prior minutes, including a requested correction to Thomas Han’s statement about a Granite State Division of the Society of American Foresters subcommittee studying the timber yield tax and current use forest land tax assessment formula. The correction was adopted, and the minutes were then approved as amended. The main agenda item was a hearing of landowners on forest taxation and carbon credits. Several scheduled speakers canceled, so the committee received a letter from Ross Karen, a Coos County landowner and forester, who opposed carbon credit sales because of “leakage” and argued that diverse local markets and productive forests are better than carbon sales. Aean Kelly of White Mountain Lumber and the Randolph Town Forest also testified, saying many Coos County landowners and forest managers have declined carbon credit offers because they do not fit New Hampshire’s working-forest tradition. He argued that carbon agreements should be treated on a level playing field with traditional harvesting and that, if they are to be encouraged, they should face a fiscal adjustment comparable to the timber tax. Kelly also gave a detailed history of the timber tax, explaining that it was created in 1948 to replace uneven local property taxation on standing timber, discourage clearcutting, and stabilize the tax base while preserving working forests. He said the tax was intended to be collected when timber is harvested, not to stop logging, and that a later commission found the 10% rate roughly matched the revenue towns lost. In response to questions, he said pre-1948 assessments varied widely by town and tax collector, and that carbon projects today are already being valued by sophisticated models, so he believes carbon should be included in the assessment system. He also said short-term carbon agreements may simply monetize existing forest value, while 100-year agreements raise enforceability concerns. No votes or other formal actions were taken beyond approving the amended minutes.

Transcript Highlights:

• So it's set - 2080 is the standard that William Hutchinson: We're setting on all these DFCs and MAGs.
• Committee Member: Is there another data point or set or sets of data that you think would be the most
• You mentioned that the export rate is set at what, is it 20 cents? per thousand.
• Okay, so that was just a set rate.
• There is often an assumption that recharge rates in urban settings are lower because of all the impervious

Keywords: 1184, house, all