Video & Transcript Research : 'revocable trust'

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WA

Washington 2025-2026 Regular Session

Pension Funding Council Jun 23rd, 2026 at 02:00 pm

Pension Funding Council

Transcript Highlights:
  • trust fund, which is managed by the State Investment Board.
  • As David mentioned, these institution-specific trusts do not currently pay benefits.
  • Instead, the institutions pay all benefits while assets accumulate in the trust.
  • To mention, it's the value of the trust fund. We receive information as data.
  • To reiterate, it's the value of the trust fund. We receive information as data.
Keywords: 904, all
MN

Minnesota 2025-2026 Regular Session

More drugs approved for opioid use disorder 2/23/26

Minnesota House Floor Meeting

Transcript Highlights:
  • Trust me, this is not a story. This is my life. I was forced to wait twice.
  • These outdated processes destroy trust in doctors and systems in authority.
  • Trust me, this is not a story. This is my life. I was forced to wait twice.
  • Trust me, this is not a story. This is my life. I was forced to wait twice.
  • Trust me, this is not a story. This is my life. I was forced to wait twice.
Keywords: 1183, house
MN
Transcript Highlights:
  • had been broken between our citizens and our state, and we were determined to rebuild that trust.
  • had been broken between our citizens and our state, and we were determined to rebuild that trust.
  • had been broken between our trust had been broken between our citizens<00:07:55.720> and<00:07
  • We don't want to break the trust.
  • We don't want to break the trust.
Keywords: 919, house, all
Summary: House File 1257, which would eliminate the Public Safety Advisory Committee to the POST Board, was the final bill heard. The bill’s sponsor argued the committee was created in 2020 in response to post-Floyd criminal justice reforms but had since become obsolete because local agencies and communities had created their own oversight bodies and the main POST Board still includes citizen members and public participation. The sponsor said the advisory committee had run out of issues to address and was effectively meeting just to justify its existence. Former Representative Carlos Mariani testified in opposition, saying the committee was a bipartisan part of the 2020 Minnesota Police Accountability Act and was intended to preserve citizen involvement in policing policy and protect civil and human rights after George Floyd’s murder. He argued that eliminating it would weaken a state-level structure created to rebuild public trust and ensure consistent oversight, while still allowing local efforts to continue. Another member asked about compensation and noted the committee has a $20,000 ongoing appropriation through the POST Board; the sponsor clarified members are not individually compensated beyond per diem and travel. After discussion, the sponsor renewed the motion to recommend re-referral to the General Register. The committee voted, and the motion carried, sending House File 1257 to the General Register.
WA

Washington 2025-2026 Regular Session

Pension Funding Council Oct 8th, 2025

Pension Funding Council

Transcript Highlights:
  • It was called the LTSS Trust Act and rebranded as the WACares Fund a couple of years later.
  • The LTSS Trust Commission is our oversight body. It is one of many, but it's the main one.
  • commission, and actions necessary to maintain trust solvency.
  • commission, and actions necessary to maintain trust solvency.
  • of the Long-Term Services and Supports Trust Program premium rates.
Summary: The Pension Funding Council met on October 8 with introductions from council members and staff, then received a detailed presentation from the Office of the State Actuary on long-term economic assumptions and the state pension systems’ financial condition. OSA reported that the combined pension systems are currently 100% funded on a smoothed basis, with open plans above 95% funded, and that legacy Plan 1 systems remain on a path toward full funding under current policy. The actuaries recommended updating assumptions to 3% inflation, 3.5% general salary growth, and a 7.25% investment return, while keeping Plan 1 membership growth at 1%. They also explained asset smoothing, the role of recent strong investment returns, and the expected budget impacts of the recommended changes. Representatives from the Economic and Revenue Forecast Council and the State Investment Board offered supporting perspectives, generally describing the assumptions as reasonable and consistent with their own outlooks. The council also heard an overview of the Long-Term Services and Supports Trust Program (WACares) from DSHS and OSA. Program staff described the program’s social insurance structure, premium collection, benefit eligibility, and upcoming implementation milestones. OSA reported that the program’s first actuarial valuation showed a positive actuarial balance under the base scenario and recommended no change to the current 0.58% premium rate during the program’s early learning phase, noting that future changes would depend on experience and the program’s risk-management framework. OSA also said the recommendation would remain the same regardless of the outcome of the pending ballot measure affecting investment options. During public comment, a representative of the Washington State School Retirees Association urged continued work on Plan 1 funding and related legislation, while the Association of Washington Cities cautioned against increasing pension assumptions in a way that could raise future employer costs and reduce flexibility for current local government services. In action, the council adopted a motion to maintain the current long-term economic assumptions by a 4-2 vote, adopted the recommendation to keep the WACares premium rate at 0.58% by a 6-0 vote, and then elected Katie Chapman as council chair by unanimous vote. The meeting then adjourned.
TX

Texas 89th Regular

Finance Apr 16th, 2025

Finance

Transcript Highlights:
  • It reflects the council's priority of restoring public trust and confidence in the judiciary.
  • And how do we increase public trust and confidence in the judiciary?
  • A rise to the top will improve Texas courts and build public trust and confidence.
  • The substitute maintains the settlement permanent trust account and the Treasury.
  • The substitute maintains the settlement permanent trust account and the Treasury safekeeping trust, can
Summary: The Senate Finance Committee heard several measures, beginning with SB 1574 by Senator Zaffirini, which would codify the Texas Judicial Council’s Centers of Excellence Program for courts and judges. Testimony from judges and the Office of Court Administration emphasized that the program promotes transparency, procedural fairness, mentoring, and public trust. A committee substitute expanded eligibility to justices of the peace and municipal judges and removed a merit-pay reference to eliminate fiscal impact. After quorum was established, the committee adopted the substitute and later voted it out favorably, though it was not certified for the local and uncontested calendar. The committee also heard SB 2774 by Senator Hinojosa, which would amend the Tax Code’s retail trade definition to include industrial uniform and linen rental businesses so they qualify for the lower franchise tax rate. Supporters said the change would put rental textile businesses on equal footing with other rental industries and help Texas employers and customers. The bill was reported favorably to the full Senate. Members then considered SB 1211 by Senator Perry, which would broaden the existing fracking-related sales tax exemption for equipment used with non-fresh water sources, including recycled, produced, and brine water. The bill’s supporters argued it would conserve freshwater and reduce litigation over water definitions, while the Comptroller’s office discussed the fiscal note and production-related revenue effects. The committee also heard SB 2873 and SB 2900, both by Senator Kolkhorst and presented by Senator Nichols; SB 2873 would require electronic filers to file electronically, and SB 2900 would eliminate certain Comptroller-related advisory committees and boards. Both were later adopted in committee substitute form and reported favorably. Finally, the committee heard HJR 4, sponsored by Senator Parker, proposing a constitutional amendment to prohibit new taxes on securities transfers or financial transaction processing. Supporters said it would protect investors, especially retirees, and help position Texas as a financial center. The committee voted to report HJR 4 favorably to the full Senate. In each recorded vote after quorum was present, the measures passed with nine ayes and no nays.
NM

New Mexico 2025 Regular Session

House - Appropriations and Finance Mar 19th, 2025

House Appropriations & Finance

Transcript Highlights:
  • each fee collected going to the County Clerk Recording and Filing Fund, and $20 to the Children's Trust
  • Um, again, the $15 will be allocated to the county general fund, $20 goes to the Children's Trust Fund
  • So I just don't know why we're giving it to the Children's Trust Fund.
  • Speaker and county clerk, how much is in the Children's Trust Fund? Madam, this isn't the big fund.
  • Children's Trust Fund. So that's what we have in the FIR right now, Mr. Chair. Oh, well, Mr.
AR

Arkansas 2026 1st Special Session

REVENUE & TAXATION- HOUSE Jun 17th, 2026

Transcript Highlights:
  • The funds from the excise tax on soda go into the Medicaid Trust Fund. Medicaid Trust Fund.
  • Is that the only money that's given to the trust fund? No, sir.
  • There's several other revenue sources that go into the trust fund.
  • I believe there are... ...other revenue sources that go into the trust fund.
  • My brief follow-up to that would be, when money is requested to come out of the Medicaid trust fund,
Summary: The committee met to approve special expenses and then considered two interim study proposals. ISP 2025-069, by Representative Perry and presented by Representative Eaton, would move vehicle sales tax collection from the current registration-based process to the point of sale. Members asked about the current 60-day registration period, the fiscal and administrative impact on DFA, the burden on dealerships, verification and audit issues, and whether the change could affect tax collection or vehicle pricing. DFA said it was neutral on the proposal, noted programming and process changes would be needed, and said the total tax collected would not change, though timing would. The committee approved the ISP and sent it on for research. The committee then took up ISP 2025-071, based on House Bill 1636 from the 2025 session, which would phase out the state soda excise tax over five years if Medicaid trust fund revenue triggers are met. Representative Ray said the bill was intended to continue discussion after the underlying bill failed on the House floor. Members asked about the tax’s annual revenue, its dedication to the Medicaid Trust Fund, and whether the revenue would be replaced. Ray estimated the tax brings in roughly $40 million to $50 million annually and said the proposal did not replace that revenue. DFA was asked to explain how withdrawals from the trust fund are authorized and whether the legislature has oversight, and said it would provide that information later. The committee then adopted the interim study proposal.
OK

Oklahoma 2026 Regular Session

Rules REVISED: Start time delayed to 1:45 PM

Rules

Transcript Highlights:
  • Which is the veteran's lottery bill trust fund.
  • I want to ask you about the language on page two talking about the money going into the lottery trust
  • fund and then administered by the trust board.
  • Basically, are we saying that the legislature is going to take a look at the money in the trust fund
  • I mean, are we looking at like one on one ballot, and then we're gonna set up the trust fund?
Keywords: 914, all
NH
Transcript Highlights:
  • , I flagged one with respect to trusts, I flagged one with respect to trusts, but<00:14:47.680>
  • <00:26:29.039> charters, are national bank subs, trust charters, are national bank subs, trust
  • <00:56:42.319> Um trust as an OC chartered trust bank.
  • Um trust as an OC chartered trust bank.
  • > algorithm<01:20:33.920> to protocol or trust this algorithm to protocol or trust this
Keywords: 1189, house, all
Summary: The meeting began with roll call and introductions of commission members and guests, followed by approval of the agenda and a motion to approve the February 10 minutes with a correction clarifying that one quoted statement was misattributed. The commission then moved into presentations. The main presentation came from the Conference of State Bank Supervisors on implementation of the federal GENIUS Act for stablecoins. The speaker reviewed the OCC’s recent 367-page proposed rule, noting it raises many open questions and design choices for states, and discussed expected upcoming rulemaking from the FDIC, Federal Reserve, and Treasury. The presentation focused on six areas: permissible issuer activities, reserve assets and redemption, risk management and supervision, treatment of state-qualified issuers, capital/operational backstops, and foreign issuers. It also flagged unresolved issues around Bank Secrecy Act/AML requirements and the meaning of “digital asset service provider” activities. A substantial portion of the discussion addressed yield restrictions, with the presenter explaining the OCC’s broad definition of yield and its rebuttable presumption against issuer-affiliated or related third-party yield arrangements. The speaker said this likely forecloses many existing white-label structures but leaves some room for third-party payments depending on distance from the issuer, and noted ongoing Senate debate over similar provisions. The presentation also covered reserve valuation, liquidity and diversification requirements, redemption timing, and supervisory expectations such as third-party oversight, IT security, exam cycles, and reporting. No additional votes or formal actions were taken beyond approving the amended minutes.
KY

Kentucky 2026 Regular Session

Senate Standing Committee on Judiciary (3-19-26)

Judiciary

Transcript Highlights:
  • If you're not in a position of authority and trust, it only counts if we can prove that intent and if
  • People know that if you're in a position of authority and trust, there should be designated channels
  • If you're not in a position of authority and trust, it only counts if we can prove that intent and if
  • People know that if you're in a position of authority and trust, there should be designated channels
  • If you're not in a position of authority and trust, it only counts if we can prove that intent and if
Keywords: 958, all
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Children, Families and Persons with Disabilities Jun 21st, 2026 at 01:00 pm

Joint Committee on Children, Families and Persons with Disabilities

Transcript Highlights:
  • Next, Executive Director Jen Valenzuela from the Children's Trust.
  • It is an honor to be able to share with you the Children's Trust strategic plan today and our vision
  • Next executive director, Jen Valenzuela, who is ready, from the Children's Trust.
  • These are trust-based relationships, and turnover erodes the impact that we're making.
  • The Children's Trust is not just a funder.
Keywords: 995, all
Summary: The hearing was an informational and oversight session of the Joint Committee on Children, Families, and Persons with Disabilities, with chairs and members hearing agency updates from several commissioners. The Department of Public Health’s Bureau of Family Health and Nutrition described its maternal and child health work, including home visiting, early intervention, WIC, newborn hearing screening, and cross-agency efforts on prenatal substance exposure, respite care, children’s vision, and maternal health initiatives. DPH emphasized that federal grant cuts, layoffs, and the loss of data systems such as PRAMS would weaken services and planning, and members asked about Title V funding and the impact of federal uncertainty. The Massachusetts Commission on the Deaf and Hard of Hearing highlighted communication access services, interpreter and CART referrals, emergency after-hours support, family navigation, and independent living services. Commissioners and members discussed the shortage of ASL interpreters and the need to expand training pipelines, including partnerships with colleges and possible ASL programming for younger students. The Department of Developmental Services reported serving nearly 50,000 people and focused on youth and adult services, transition-age supports, autism services, self-direction, respite, and new high-acuity residential models. Members asked about respite availability, self-direction outcomes, and workforce shortages; DDS said it was expanding clinical capacity and provider rates while monitoring possible federal Medicaid, SNAP, and immigration-related impacts. The Commission for the Blind described services for about 28,000 legally blind residents, most of whom are older adults, including social rehabilitation, orientation and mobility training, children’s services, assistive technology, vocational rehabilitation, and Turning 22 supports. The commissioner discussed a UMass-based effort to build the workforce pipeline for blindness services and said the agency was watching federal restructuring but had not yet seen direct cuts. MassAbility’s leadership then warned about major federal changes affecting Social Security disability determinations, including staff restructuring, office closures, and a new overpayment repayment policy, and said the agency was preparing for possible increases in claims and uncertainty around reallotment dollars that help fund services. The Disabled Persons Protection Commission closed the hearing with an update on its abuse investigations and protective services for adults with disabilities. DPPC reported rising hotline calls and investigations, a growing caseload, its sexual assault response team, the abuser registry, and a new interagency protective services integration system funded by ARPA dollars through 2027. The agency also flagged new federal rules that could affect funding eligibility and said it may need statutory changes to comply. Members asked about funding, reporting pathways, and how complaints reach DPPC, and the commissioner said the agency uses both mandated reporting and proactive outreach to identify and respond to abuse.
TX

Texas 89th Regular

Culture, Recreation & Tourism Mar 6th, 2025

Culture, Recreation & Tourism

Transcript Highlights:
  • To that end, our commission serves as a trusted resource for our community.
  • Every other year, the trust puts forth what we call...
  • Chair calls up Chad Ellis from Texas Agricultural Land Trust, Dr.
  • The Texas Land Trust Council is kind of the coalition of the 30-plus land trusts here in the state.
  • And trust me, it has been. talked about for a long time.
Keywords: 1184, house, all
TX
Transcript Highlights:
  • So thank you, you're the pathway for trust in our system again.
  • And that is what we need to restore trust. Because there is not currently trust.
  • But there is not trust in the TEA, and there is certainly not trust in the TEA-created STAAR test.
  • At its core, SB 12 sends Texans a troubling message: Trust government. Trust Austin. It knows best.
  • They need us to trust them. Trust their counties. Trust their voices. Trust their prosecutors.
Bills: HB8, HB12, SB 3, HJR1, SB 11, SB 16, SB 14
NM

New Mexico 2026 Regular Session

House - Judiciary Jan 28th, 2026 at 03:17 pm

House Judiciary

Transcript Highlights:
  • It does the opposite by undermining public trust and further dividing us.
  • That breakdown in trust weakens the law.
  • What this bill would do is build trust within communities across New Mexico.
  • There was a statement made earlier that we have an erosion of public trust and...
  • There was a statement made earlier that we have an erosion of public trust and...
Bills: SB100
CA
Transcript Highlights:
  • Paul Mason with Pacific Forest Trust.
  • trusts within the state.
  • , and Snowland Trust, in support.
  • Tasha Newman, on behalf of the Bixar Land Trust, the Bolsa Chica Land Trust, the Wildlands Conservancy
  • , and Peninsula Open Space Trust, in support.
Summary: The committee heard a long agenda of natural resources and related bills, with several measures taken up as the committee reached quorum and many others moving on consent or with due-pass recommendations. Early items included AB 80 on carpet recycling, AB 452 creating a local process for state surf reserves, and AB 823 restricting microplastics in personal care and cleaning products. AB 80 drew broad support from recycling, labor, and environmental groups and was described as a follow-up to earlier carpet recycling reforms. AB 452 was backed by surf, tourism, environmental, and local government interests as a voluntary, community-driven way to recognize and protect surf breaks. AB 823 generated the most extensive debate, with supporters citing public health and environmental harms from microplastics and opponents warning the bill’s language could sweep in products such as sunscreens, cosmetics, and fragrance-encapsulation materials; the committee discussed possible ambiguity and EU comparisons before voting the bill out on a due-pass-as-amended basis to Environmental Safety and Toxic Materials. The committee also advanced AB 1046, which would create a narrow exemption from SB 1383 organic-waste requirements for certain crop preparers and tree nut processors that do not send organic waste to landfills. Agricultural witnesses said the bill would clarify that their operations already reuse byproducts and should not face duplicative reporting, and the measure passed with support from agricultural and rural county representatives. AB 252, the “Stop Laying Off Firefighters Act,” proposed year-round Cal Fire staffing; the author and Cal Fire supporters argued that wildfire conditions are now year-round and that maintaining trained crews would improve response and prevention, and the bill was sent to Appropriations. AB 571, a targeted CEQA exemption for the Southern California Veterans Cemetery in Anaheim, drew strong bipartisan and veterans’ support and also passed out. Later, the committee approved AB 1455, which would authorize emergency rulemaking and streamline future updates for ember-resistant building regulations after recent wildfire emergencies, and AB 687, which would let public agencies use forest-practice rules and timber-harvest plans for certain publicly funded fuel-reduction projects; AB 687 drew some opposition over scope and enforceability concerns but was still advanced. The committee also moved AB 652, allowing alternate members on the San Diego County Air Pollution Control District board to prevent quorum problems, and AB 317, a first-time homebuyer housing bill that would exempt certain small, lower-cost homes from CEQA and defer some property taxes; AB 317 prompted discussion about guardrails to avoid unintended use on larger subdivisions. Finally, AB 900, requiring the Natural Resources Agency to develop a stewardship plan for 30-by-30 lands, was heard with broad support from land trusts and conservation groups and advanced on a due-pass recommendation, and AB 738, a wildfire-rebuild bill easing solar requirements for certain disaster survivors, was introduced and discussed with questions about its narrow scope and the number of homes affected.
NH

New Hampshire 2025 Regular Session

Senate Finance (06/03/2025)

Finance

Transcript Highlights:
  • As far as the education trust fund.
  • turn to page five of the education trust turn to page five of the education trust fund<00:07:41.440
  • <00:07:45.280> Um<00:07:45.759> the general education trust fund.
  • Um the general education trust fund.
  • So that's a lot educational trust fund.
Keywords: 1191, senate, all
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Community Development and Small Businesses Jun 21st, 2026 at 10:00 am

Joint Committee on Community Development and Small Businesses

Transcript Highlights:
  • They build that trust that they don't have in other bigger institutions. Thank you for your answer.
  • Once I go to a district, they introduce me to small businesses because they build that trust.
  • They build that trust that they don't have it in other bigger institutions.
  • Once I go to district, they introduce me to small businesses because they build that trust.
  • The Workforce Competitiveness Trust Fund, or WCTF for short, is a program that promotes collaboration
Keywords: 995, all
Summary: The Joint Committee on Community Development and Small Business held an informational hearing focused on the conditions facing small and micro businesses in Massachusetts and the state programs intended to support them. Chairs Andy Vargas and Adam Gomez opened by emphasizing equitable economic development, the importance of CDFIs, and the need to help underserved entrepreneurs, especially women, minorities, veterans, immigrants, and other groups facing barriers. Committee members noted the hearing would not take up bills, and testimony was limited to 10 minutes per organization. State and quasi-public agency witnesses described current programs and funding. Dico Gibral of the Executive Office of Economic Development highlighted the Business Front Door, multilingual access, small business office hours in Gateway Cities, and funding in the Mass Leads Act, including support for CDFIs, small business technology, and capital grants. Tom Hooper of Commonwealth Corporation described workforce training programs such as the Workforce Training Fund, Workforce Competitiveness Trust Fund, and Career Technical Initiative, saying they help small businesses train workers, fill labor shortages, and support returning citizens and people with disabilities. Committee members asked about federal funding uncertainty, workforce migration, training schedules, and program uptake. Business and advocacy groups focused on cost pressures and regulatory burdens. The Massachusetts Restaurant Association urged continuation of outdoor dining and takeout alcohol sales, and pressed for relief from high credit card swipe fees, support for surcharging, and streamlining municipal licensing. The Retailers Association of Massachusetts cited survey results showing inflation, utility costs, payroll taxes, health insurance, and interchange fees as major concerns, and said many members might sell or close within five years; it also backed ending the state prohibition on surcharging and creating an Office of Main Streets Massachusetts. MACDC, BECKMA, and the Coalition for an Equitable Economy emphasized the need for more technical assistance, CDFI and small business funding, and protections against rising costs, tariffs, supply chain disruptions, and immigration enforcement impacts on immigrant-heavy business districts. No votes were taken.
CA
Transcript Highlights:
  • Issue number four is the Subsequent Injury Benefits Trust Fund.
  • I'm presenting on issue four, the Subsequent Injury Benefits Trust Fund trailer bill language.
  • A lot of workers don't know who to go to, who to trust, or where to get these resources.
  • We are trusted messengers.
  • We are those trusted messengers.
Keywords: 987, senate, all
Summary: The subcommittee heard a series of labor and public employment budget items. The first issue focused on EDD Next modernization, where EDD described progress on online claims, call center upgrades, fraud prevention, language access, and the phased Integrated Claims Management System. The LAO urged closer legislative oversight as the project enters a more difficult phase, and members questioned the schedule, cost, change orders, fraud reduction, stress testing, and the reasons for re-phasing unemployment insurance behind disability and paid family leave. EDD said the overall project cost remains about $1.2 billion, that it has no major cost overruns, and that it has saved more than $20 million by moving some shared customer portal work into ICMS. The committee also received updates on SB 1090 implementation timing, SB 1058 demographic data confidentiality, and SB 590 outreach concerns. The committee then reviewed the California Workforce Development Board’s request to reduce staffing over five years as one-time grant workloads wind down, along with trailer bill language to streamline reporting requirements. Members questioned the large staffing reduction in light of the board’s grant administration role and asked about the High Road Construction Careers Program, AI-related workforce needs, and the impact on reentry programs. The administration and Finance said the positions were added for surge grant work and are being phased down as those grants close, while the LAO had no objection to the reporting streamlining proposal. A major portion of the hearing addressed the Department of Industrial Relations, especially the Subsequent Injury Benefits Trust Fund trailer bill. DIR and the LAO said SIBTF applications, backlog, and liabilities have grown rapidly, with liabilities projected around $30 billion by 2030 if no changes are made. The administration’s reforms would tighten eligibility, apply the new standards to open cases, and use QME reports and contemporaneous evidence to document preexisting disabilities; DIR said this would reduce employer costs and help return the program to its original intent. Members raised concerns about fairness to pending claimants, the effect on workers with undocumented conditions, and the interaction with another bill moving through policy committees. The committee also discussed eliminating vacant DIR positions, adding Cal/OSHA Bureau of Investigation staff to handle fatality and serious injury cases, and making permanent the Workers’ Compensation Appeals Board change that starts the 60-day reconsideration clock when a case is transmitted rather than when the petition is filed. Finally, DIR requested a larger apprenticeship training grant augmentation to raise annual grants from $3 million to $20 million, citing available fund balances and construction workforce needs.
NM
Transcript Highlights:
  • And I still think we need a transportation trust fund.
  • So this proposes the creation of a transportation trust fund and a transportation program fund.
  • money to start the fund, we're asking $400 million, which is a pretty ballpark for starting up a new trust
  • So this proposes the creation of a transportation trust fund and a transportation program fund.
  • And this bonding package, we've seen other bonding—or not bonding, I'm sorry— we've seen other trust
Keywords: 996, all
Summary: The committee first took up HB 322, which would create a transportation trust fund and transportation program fund. The sponsor offered and the committee adopted an amendment striking the section that would have imposed a 1% gross receipts tax on electricity sales. After a recap of the bill’s remaining provisions, including a $400 million seed amount and future transfers from motor vehicle excise tax revenue, the committee heard brief support from Associated Contractors of New Mexico and the Asphalt Pavement Association and no opposition. The amended bill then passed on a roll-call vote. The committee then heard HB 270, a public works/apprenticeship bill that would require contributions to approved apprenticeship and training programs or to the Public Works Apprentice and Training Fund for public works construction projects, while eliminating an exemption for certain road, highway, utility, and maintenance work. Supporters, including union carpenters, electrical workers, the building trades council, and apprenticeship advocates, argued the bill would expand training, help address labor shortages, and provide a return on public investment. Opponents from utility contractors, highway contractors, and Associated Contractors of New Mexico said they already operate federally approved in-house training programs, warned the bill would raise project costs, and argued some trades have no accessible approved programs. Members questioned how the bill would interact with existing in-house programs, whether rural contractors and nonunion firms would be affected, and whether the state-approved fund and federal highway training requirements could conflict. A proposed amendment to exempt projects of $50 million or less was introduced but tabled. After extensive debate, the committee voted 6-5 to pass HB 270. The meeting also included discussion of a prior procedural error in which HB 270 had been heard before being properly assigned, which the chair said rendered that earlier action void. At the end of the meeting, the committee received a brief New Mexico Department of Transportation District 3 presentation on district projects, budget, and construction status.
CA

California 2025-2026 Regular Session

Assembly Budget Committee Sep 11th, 2025

Transcript Highlights:
  • It maintains funding for health, retirement, and training benefit trusts.
  • And so to say that the trust is broken, I think is a little bit of an understatement.
  • And right now, they’re not trusting us on this issue. Thank you very much.
  • I think that the trust is broken.
  • And that's how we gain the trust.
Summary: The Assembly Budget Committee held an informational hearing on the September budget package, which included SB 105 and a series of trailer bills covering health, human services, education, resources, child care, transportation, labor, public safety, housing, revenue, background checks, collective bargaining, and a special election. The Department of Finance described the package as largely technical and clarifying, but also responsive to state and federal changes, especially H.R. 1. Key items included roughly $3.3 billion in Proposition 4 climate and environmental spending, $540 million in discretionary greenhouse gas reduction funds, and major responses to H.R. 1 such as CalFresh error-rate mitigation, food bank support, and Medicaid-related changes. Other notable provisions included vaccine policy flexibility, an Abortion Access Fund, a gender-affirming care program, community college basic-needs and aid changes, CEQA and coastal permit exemptions tied to the 2028 Olympics, invasive mussel prevention funding, a civic media program, labor and pension-related provisions, and special election administration changes. Members raised questions and concerns about several parts of the package. There was support for climate, water, transit, offshore wind, food security, and health investments, but also significant criticism of the lack of cleanup language for SB 131 and its advanced manufacturing exemptions, with multiple members saying promised fixes had not materialized and expressing concerns about tribal consultation, labor standards, and environmental protections. Members also questioned the scale and timing of some Proposition 4 allocations, including fairground upgrades, regional conveyance, and a UC Davis alternative protein research center. The Department of Finance said some programs would roll out over time and that certain funding levels reflected current implementation capacity. The hearing also featured discussion of Bay Area transit financing, with Finance saying SB 105 directs the department and CalSTA to examine loan or other financing options rather than immediately providing loans. Members and public commenters also discussed the state’s response to H.R. 1, with advocates supporting food bank, health care, and immunization provisions while warning of ongoing harm to immigrants, foster youth, and other vulnerable groups. Public testimony broadly supported the health, food, water, offshore wind, and golden mussel provisions, while many speakers echoed legislative concerns about SB 131 and urged cleanup action in the next session. No votes were taken because the hearing was informational only, though the chair noted votes on the bills were expected later that night or the next morning.