Video & Transcript Research : 'Inflation'

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NM

New Mexico 2025 Regular Session

IC - Legislative Finance Jul 23rd, 2025

Transcript Highlights:
  • that it takes too long to complete projects or they never get completed at all, and the price of inflation
  • and the inflation factor itself will oftentimes drag us into a pit where we will never be able to fund
  • As we all know, just from monetary inflation purposes, we have seen about a 40% increase in construction
NM

New Mexico 2025 Regular Session

IC - Legislative Finance Jul 22nd, 2025

Transcript Highlights:
  • In a time of high inflation and limited labor and material availability, we have to partner to drive
  • Inflation is definitely a real thing.
  • multiple smaller packages so that we can insulate ourselves a little bit from the risk of some of these inflation
CA
Transcript Highlights:
  • For the policy-covered staff, the estimate is looking at inflation rates.
  • What that does is because we didn't get those funds this year, it slightly inflates that cut just a little
  • This year, it slightly inflates that cut just a little bit more.
Summary: The Assembly Budget Subcommittee on Education Finance held an extended hearing focused primarily on University of California budget issues, enrollment, housing, and Title IX. Chair David Alvarez opened by noting the governor’s proposed 8% ongoing General Fund reduction to UC, the deferral of compact funding, and the College of the Law budget item, while emphasizing that no votes would be taken that day. Public commenters, including UC Davis employees and lecturers, urged restoration of UC funding and opposed the hiring freeze, saying cuts would worsen staffing shortages, reduce research capacity, and harm students and patients. On UC core operations, the Department of Finance said the governor’s budget maintains the compact but defers $240.8 million in ongoing support and continues a planned 7.95% reduction, while the LAO recommended rejecting the deferrals and instead making any changes in the budget year. UC San Diego’s chancellor and UC Office of the President argued the cuts and deferrals would create major campus shortfalls, force hiring freezes, larger class sizes, fewer course offerings, delayed projects, and possible layoffs. Committee members questioned whether cuts could be shifted away from students and toward administration, discussed UCOP reserves and bond debt, and noted that UC’s budget structure makes the campus-level impact larger than the headline reduction. The committee also reviewed enrollment trends and nonresident replacement. The LAO said UC resident enrollment has grown and recommended revisiting 2026-27 targets and pausing the nonresident replacement plan if state funding does not improve. UC said it has exceeded California undergraduate enrollment and nonresident replacement goals, but warned that continued growth without funding would force enrollment reductions and harm quality. Members discussed the role of nonresident and international students, tuition rates, and the value of UC as a pathway for California students and a source of talent for the state. A separate housing item covered the state’s Higher Education Student Housing Grant Program. UC reported that recent bond savings could support additional affordable beds at UC Davis and UC Santa Barbara, but the LAO and Finance noted the Legislature would need to decide how to use the $6.2 million in savings from the original projects. The committee also heard a Title IX update from UC’s systemwide civil rights office, which described campus Title IX structures, training, and policy enforcement, and said the system has been working to improve confidentiality guidance and streamline complaint processes after survey feedback showed confusion and lengthy procedures.
TX

Texas 89th Regular

Trade, Workforce & Economic Development Apr 15th, 2025

Trade, Workforce & Economic Development

Transcript Highlights:
  • This forces consumers to rely solely on manufacturer-authorized repair services, often at inflated prices
  • provide repair materials to authorized service, they can name the price to fix devices or refuse to, inflating
  • Social media is everywhere, and many owners are still stressed through COVID and inflation.
FL

Florida 2026 5th Special Session

Appropriations Apr 2nd, 2025

Transcript Highlights:
  • health services for dorms opening this year, and an additional $12 million to cover food service inflation
  • that is being offered, the increased amount to public school districts, is less than the rate of inflation
  • that is being offered, the increased amount to public school districts, is less than the rate of inflation
Summary: The Appropriations Committee met for Budget Day and heard presentations on the Senate’s proposed 2025-2026 budget, SPB 25-200, totaling $117.4 billion. Chair Hooper said the plan reduces overall spending from the prior year, keeps strong reserves, includes a 4% pay raise for state employees, maintains employee health care contributions, and makes major investments in water quality, transportation, and education infrastructure. Committee chairs then summarized their budget silos, including K-12 education, higher education, health and human services, criminal and civil justice, transportation/tourism/economic development, and agriculture/environment/general government. Members asked questions mainly about school funding, AP and dual enrollment support, voucher and scholarship impacts, and the My Safe Florida Home program. The committee adopted a large consent package of amendments and then approved three late-file amendments: funding virtual college tours for high school students, funding the FSU Sunshine Genetics program, and providing money for the Port of Fernandina customs facility. The committee then voted to report SPB 2500, the General Appropriations Bill, as a committee bill. It also favorably reported SPB 2502 (implementing bill), SPB 2504 (state employees placeholder), SB 7022 (Florida Retirement System contribution rates and DROP changes), CS/SB 1320 (recreating the Resilient Florida Trust Fund), SPB 2506 (gaming compact revenue distributions, including water projects and rural lands), SPB 2508 (29 new judgeships), SB 7014 (ending the court mediation and arbitration trust fund), SPB 2510 (K-12 conforming bill), SPB 2512 (higher education conforming bill), and SPB 2514 (health and human services conforming bill). The committee also took up several policy bills. It approved SB 7028 on cancer research, creating grant parameters, reporting requirements, a five-year pediatric cancer research incubator, and the Bascom Palmer Eye Institute VisionGen Initiative. It approved CS/CS/SB 170 on nursing home quality, adding resident satisfaction surveys, medical director standards, safety culture reviews, electronic health record requirements, financial reporting penalties, and a study of best practices. It approved CS/CS/SB 168, the Tristan Murphy Act, which expands mental health diversion options, adds Hillsborough County to a forensic hospital diversion pilot, expands grant uses, and creates a behavioral health data repository. It also approved SB 114 creating the Florida Center for Excellence in Insurance and Risk Management at FSU and moving the public hurricane loss model there. The committee then began considering SB 180 on emergency preparedness and response, including a late-file amendment, but the transcript cuts off before final action on that bill.
CA

California 2025-2026 Regular Session

Assembly Education Committee Mar 26th, 2025

Education

Transcript Highlights:
  • Not even in to take account inflation or the fact that the responsibility in our school boards has gone
  • required financial capacity to modestly and responsibly increase their compensation to keep pace with inflation
  • The other piece is inflation protection.
Keywords: 988, house, all
TX

Texas 89th 2nd C.S.

Pensions, Investments & Financial Services Mar 24th, 2025

Pensions, Investments & Financial Services

Transcript Highlights:
  • years of construction within Texas, we've seen construction projects increase from 15 to 30% with inflation
  • those is the one that limits the rate of general revenue-related appropriations to population and inflation
  • Yes, and, and the What inflation has done to our residents, to just give you an idea.
KY
Transcript Highlights:
  • It's simply an effort to make an adjustment based on the construction inflation cost that we've seen
  • Ultimately, the goal and construction inflation cost that we've construction inflation cost that we've
Summary: The committee first took up Senate Bill 1, which would create a Kentucky Film Office and a Kentucky Film Leadership Council to promote film production in the state. Sponsors said the bill is intended to expand Kentucky’s use of film tax incentives, improve marketing and infrastructure, and attract productions that could generate jobs, tourism, and broader economic development. They noted a committee substitute made two changes: adding a salary cap for the film office executive director and correcting a date. Members asked about whether the office should instead be housed in the Economic Development Cabinet, how Kentucky’s refundable credit compares with Georgia’s transferable credits, the bill’s obscenity language, the size of the current incentive cap, and whether there should be reporting on the program’s results. Supporters cited a University of Louisville study estimating about $200 million in industry revenue in 2022 and argued the state is not fully using existing credits; an outside witness, Andrew McNeel, opposed the bill, calling the incentives subsidies, warning that Georgia’s uncapped program could lead to pressure to raise Kentucky’s cap, and arguing the bill could subsidize films with little lasting local benefit. After debate, the committee adopted the substitute and passed Senate Bill 1 as amended by House Committee Substitute 1 with an expression of opinion that it should pass. Several members explained their votes, including concerns about transparency, local hiring, and the need for further review. The committee then moved on to Senate Bill 76, which would raise the threshold for a retainage/escrow requirement in certain real estate improvement contracts from $500,000 to $2 million. The sponsor said the change is meant to reflect construction cost inflation since the statute was enacted in 1990. The transcript indicates a motion and second were made, but the discussion was cut off before any final action on the bill is shown. Finally, the committee heard Senate Bill 162, a simplified bill on unemployment insurance fraud. The sponsor said it would require suspected fraud to be referred to the appropriate state or federal law enforcement authorities, including the Justice and Public Safety Cabinet, county or Commonwealth’s attorneys, and, where applicable, the U.S. Department of Justice, to create a clearer process and accountability. The transcript ends during the presentation, before any vote or committee action on SB 162 is recorded.
TX
Transcript Highlights:
  • And obviously, it's based on the increase in inflation and other costs. **Greg Owens.** Correct.
  • They based the 100% increase on projected metrics for enrollment growth and inflation. Thank you.
  • Increase on projected metrics for enrollment growth and inflation. Thank you, Madam Chair.
Bills: SB1, SB 1
CA

California 2025-2026 Regular Session

Assembly Health Committee Jun 17th, 2025

Transcript Highlights:
  • And the compensation that we provide really has not kept up with inflation, and in some cases has been
Summary: The Assembly Health Committee met on June 17 and began with procedural announcements, quorum, and a consent calendar. The consent items included SB 246, SB 278, SB 317, and SB 386, which were moved together and approved by roll call. The committee then took up its only presentation item, SB 439 by Senator Weber, which would extend the sunset of the California Health Benefit Review Program (CHBRP) by six years and increase its annual budget by $1 million. Support testimony came from Jen Chase on behalf of the University of California and Garin Corbett, CHBRP’s director. They described CHBRP as providing objective, evidence-based analysis of health benefit mandate bills, noted its workload and public resources, and argued that the program needs the extension and funding increase to keep pace with inflation and the growing complexity of health policy. No opposition testimony was offered. Committee members expressed support for CHBRP’s role in informing health policy and fiscal analysis. SB 439 was then moved due pass to Appropriations and approved on a unanimous roll call vote. The hearing concluded after additional add-on votes confirmed the measures were out of committee.
NH

New Hampshire 2025 Regular Session

House Ways and Means (02/12/2025)

Transcript Highlights:
  • Certainly, there's been inflation since then.
  • so so you there's been 25% inflation so so you know<03:42:29.000> you<03:42:29.080> could<
  • That would tend to take the inflation aspects out of it, right?
  • That would tend to take the inflation aspects out of it, right?
  • That would tend to take the inflation aspects out of it, right?
Keywords: 928, house, all
Summary: The committee held a public hearing on HB 402, a bill to repeal a provision in RSA 194-F:2 stating that Education Freedom Account (EFA) funds “shall not constitute taxable income” to the parent or student. The bill sponsor argued the current language is misleading because the state cannot determine federal tax liability, and said the bill would simply remove inaccurate tax advice from state law. He cited IRS guidance and prior federal legislation, including a Ted Cruz proposal, to suggest some EFA uses may be taxable under federal law, while others may not, and said the bill could be amended if needed to avoid confusion. Testimony was sharply divided. Py Campbell opposed the bill, arguing it would unfairly single out EFA students and could amount to a tax on education funds, including for self-employed families, and recommended it be voted inexpedient to legislate. Stephen Matthew French, a tax preparer, also opposed the bill, saying IRS Publication 970 already makes clear that scholarship-type payments used for tuition and related expenses are not taxable, and that the bill addresses a problem that does not exist. He warned that adding tax reporting requirements could create administrative costs for families and the program administrator. Bill Ardinger, a tax attorney, supported the repeal of the statutory language, saying the state should not place potentially incorrect tax advice into law. He explained that under federal tax law, only certain scholarship-like uses are exempt, while many EFA-eligible expenses may not be, especially for families using the program for homeschooling or other nontraditional expenses. He said the current statute could mislead families into thinking all EFA payments are tax-free and could expose the state to future legal problems. The hearing ended after questions from committee members; no vote or final action was taken in the transcript.
PA

Pennsylvania 2025-2026 Regular Session

House Session (Jun 22 2026)

Pennsylvania House Floor Meeting

Transcript Highlights:
  • It eliminates the annual inflation adjustment.
  • It eliminates the annual inflation adjustment that has long helped ensure eligibility keeps pace with
Summary: The House convened, opened with prayer and the Pledge of Allegiance, approved several journals, and welcomed a number of guests, including Irish dignitaries, scholarship winners, interns, student pages, and members of Omega Psi Phi. After confirming a quorum, the chamber received committee reports and referred new bills and resolutions, then recessed for caucuses and committee meetings before returning to floor action. In the afternoon session, the House considered several bills and amendments. It approved amendments to House Bills 426, 1127, 2551, and Senate Bill 146, while rejecting an amendment to HB 1127 that would have tightened background-check requirements for out-of-state dentists. The chamber also agreed to HB 2234, which creates a spent grain donation tax credit and updates the malt beverage tax credit, and HB 2551, which limits text-message notices by the Turnpike Commission and other agencies about unpaid fines, fees, or tolls. Senate Bill 146, creating the Veterans Trust Fund Board, was amended to add audit-related changes and then agreed to. The House then took final passage votes on several bills. HB 133, allowing a process to petition for reinstatement of parental rights, passed 191-11; HB 138, barring parental incarceration as the sole basis for termination of parental rights, passed 200-2; HB 2207, on capital development loans, passed 202-0; and HB 2224, dealing with utility rate and tax-related changes, passed 202-0 after extensive debate over affordability, consumer protections, and tax relief. HB 2473, repealing the Flood Insurance Education Information Act of 1996, also passed unanimously, and HB 2544, addressing school administrator rights and compensation disputes, passed 141-61. The most extensive debate centered on HB 2632, which reallocates educational tax credit caps and replaces the EITC and OSTC programs with a new options tax credit framework beginning in 2027-28. Supporters said it would improve transparency, accountability, and access for the poorest students, while opponents argued it would reduce scholarship opportunities, add burdens, and harm families and schools that rely on the current programs. After lengthy debate, the House passed HB 2632 by a vote of 105-97. The chamber then announced a Finance Committee voting meeting, recommitted several bills to Appropriations, and adjourned until June 23, 2026.
MO

Missouri 2026 Regular Session

Utilities May 6th, 2026 at 08:30 am

Utilities

Transcript Highlights:
  • I mean, consistently, everyone understands inflation. Inflation, it's always going to raise prices.
Keywords: 959, house, all
MN
Transcript Highlights:
  • Inflation, grocery prices were rising, gas prices were rising.
  • Inflation, grocery prices were rising, gas prices were rising.
Keywords: 919, house, all
Summary: House Republicans announced the formation of the Minnesota Latino Caucus as a sub-caucus of the House Republican Caucus. Chair John Koznick said the group is intended to give Latino conservatives a voice, promote “common sense” and right-of-center policies, and reach Latino communities across Minnesota, especially around affordability, lower taxes, less regulation, and government accountability. Representatives Bedell Duran and Erica Schwartz joined Koznick as founding members and described the caucus as a response to the diversity of Latino communities and the need for representation beyond a single political viewpoint. The members emphasized personal backgrounds and constituent outreach. Koznick discussed his adoption from Colombia and his long involvement with Latino advocacy groups, while Duran and Schwartz spoke about their districts, family histories, and experiences that shaped their politics. They said Latino Minnesotans live throughout the state, work in many fields, and should not be viewed as a monolithic voting bloc. They also highlighted issues such as education, postsecondary achievement, entrepreneurship, public safety, and the economic impact of immigrants and Latinos. In response to questions, the lawmakers said the caucus was not created solely because of recent Latino voting patterns, but they acknowledged Republican gains among Latino voters and said they want to continue competing for Latino support. They also said immigration policy should be clearer and more transparent, while supporting secure borders and reform. Koznick said he has bipartisan relationships with Latino legislators and pointed to support for a Hispanic or Latino art museum in St. Paul as an example of possible cross-party cooperation. No formal votes were taken; the event was a caucus launch and press availability, and the members said they would hold a celebratory kickoff later that evening.
OK

Oklahoma 2026 Regular Session

Judiciary Feb 24th, 2026 at 01:30 pm

Judiciary

Transcript Highlights:
  • whole, but it is to make sure that we're fair and assess damages that are actually needed and not inflate
  • So, that we can't go into the courtroom and perhaps inflate what is ABS is what is necessary for treatment
OK
Transcript Highlights:
  • Finally, the last increase there would be for salary increases For keeping up with inflation, in addition
  • So, that we're looking at about a 10% increase for cost of living increase or inflation increase.
Keywords: 914, all
FL
Transcript Highlights:
  • Basically, it is our medical inflation. It is food costs that we spend taking care of forensics.
  • It is our medical inflation. It is food costs that we spend taking care of forensics.
Summary: The Appropriations Committee on Health and Human Services heard a presentation on the governor’s proposed fiscal year 2026-27 budget for the health and human services silo, which totals $48.5 billion. Agency leaders outlined major requests for AHCA, APD, DCF, DOEA, DOH, and the Department of Veterans’ Affairs, including behavioral health redesign, Medicaid rate changes, developmental disability services, child welfare and opioid programs, senior services, cancer research, public health initiatives, and veterans’ facility and technology needs. The committee also received an overview of the overall state budget, which was described as $117.4 billion, up 1.1% from the current year. AHCA’s presentation focused on $71.6 million for a Medicaid behavioral health redesign, including funding for residential treatment, a serious mental illness waiver, and higher inpatient psychiatric rates for youth, plus $7.1 million to raise private duty nursing reimbursement in fee-for-service Medicaid, $2.5 million for the background screening clearinghouse, and $124.4 million for the Health Care Connection System (FX). APD requested funding to continue moving people off the pre-enrollment list and to support developmental disability centers, a new forensic facility, an electronic health record system, and higher operating costs. DCF highlighted $81.9 million for eligibility and system integrity, $187.5 million for opioid prevention and treatment, $35.5 million for community-based care lead agencies, and $72.7 million to expand behavioral health bed capacity, including 474 new beds at state hospitals. DOEA sought additional funding for Alzheimer’s services, home care, and community care for the elderly. DOH emphasized $278 million for cancer research and innovation, $5 million for food and product safety testing, $5 million for the Florida FIRST blood-on-ambulance initiative, and $5.7 million for a public lab feasibility study. Veterans Affairs requested funds for facility improvements, cybersecurity, and medication management equipment. Members asked detailed questions about several items, especially the proposed changes to the AIDS Drug Assistance Program (ADAP), which would reduce eligibility and the number of people served. Senators and public witnesses criticized the lack of transparency and urged the department to pause the changes and work with stakeholders; the Surgeon General said the issue was driven by funding constraints and federal changes, not a legal barrier, and that the agency was exploring alternatives. Questions also addressed the Office of Minority Health and Health Equity, the Kids Care/CHIP expansion implementation, the cancer research funding structure, and the timeline and cost of the FX system. Public testimony focused heavily on ADAP, with speakers warning that thousands could lose medication access and calling for community involvement and a review of the program’s finances. The committee adjourned after the presentations and questions, with no votes taken on the budget items during this meeting.
NM

New Mexico 2025 Regular Session

IC - Science, Technology and Telecommunications Nov 12th, 2025

Science, Technology & Telecommunications Committee

Transcript Highlights:
  • that the average household energy costs in North America will rise 22 percent after adjusting for inflation
  • Additionally, in the national economy, we have tariffs, high interest rates, and inflation, which affect
CA
Transcript Highlights:
  • Persistent inflation is increasing the cost of goods, services, and program delivery, stretching our
  • Persistent inflation is increasing the cost of goods, services, and program delivery, stretching our
Summary: The joint Senate and Assembly select committee hearing focused on the challenges facing California nonprofits in 2025 and possible state responses. Opening remarks emphasized the sector’s size and importance, the impact of federal funding disruptions and tax policy changes, and the need for stronger public-private partnerships, especially in disaster response and recovery. Witnesses from community foundations, food banks, Cal OES, long-term recovery groups, CalNonprofits, and nonprofit finance organizations described funding uncertainty, delayed reimbursements, reduced indirect cost coverage, staffing strain, and the effects of climate disasters and immigration-related fear on service delivery. Testimony highlighted several policy ideas, including advance payments for state grants and contracts, prompt payment standards, sustainable indirect cost rates, contract flexibility in emergencies, streamlined registration and reporting, and a possible new Office of Nonprofit Empowerment to serve as a central point of contact and coordination within state government. Speakers also described how nonprofits and VOAD networks support wildfire response and long-term recovery, but noted that recovery groups often lack stable operating funding even when they are recognized as best practice. A food bank leader described federal food aid cuts and disruptions to deliveries, while other witnesses stressed that nonprofits are increasingly forced to use reserves, loans, or service reductions to manage cash flow gaps. Committee members generally expressed support for the sector and asked how the state could better partner with nonprofits during both disasters and budget crises. Several members raised the possibility of incremental steps if full legislative changes are not immediately feasible, and witnesses suggested pilots, better sharing of best practices, and stronger state leadership on payment timelines. Public commenters echoed the need for better contracting practices, support for community-based organizations, and attention to nonprofit worker compensation and protections. No formal votes or committee actions were taken in the hearing, which concluded with adjournment.