Video & Transcript Research : 'accountants'

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WA

Washington 2025-2026 Regular Session

House Transportation Feb 25th, 2026 at 04:00 pm

Transportation

Transcript Highlights:
  • It corrects an account reference, it corrects the amount for the highway bond retirement account appropriation
  • and the Move Ahead Washington account. ...between the Public Works Assistance Account and the Move Ahead
  • It establishes the Preserve Washington Account in the motor vehicle fund as an appropriated account to
  • It also creates the Washington Wildlife Corridor Account and the Washington Wildlife Crossings Account
  • accounts to retain their earnings.
Bills: HB2306, HB2711
WA

Washington 2025-2026 Regular Session

House Appropriations Feb 18th, 2026 at 04:00 pm

Appropriations

Transcript Highlights:
  • Both the surcharge and the account are set to expire on June 30, 2027.
  • The sunset provisions for the surcharge and the account are removed.
  • The account is not appropriated but is subject to allotment procedures, and any funds in the account
  • All receipts from gifts, grants, or donations for the account must be deposited into the account, and
  • This bill provides a straightforward and accountable solution by creating a dedicated account.
Bills: SB5109, SB5835, SB6065
MN

Minnesota 2025-2026 Regular Session

Committee on Commerce and Consumer Protection - 02/27/25

Commerce and Consumer Protection

Transcript Highlights:
  • Protection Restitution Account.
  • <00:58:39.640><c> and</c><00:58:40.480><c> um</c><00:58:41.480><c> the</c> account and um the account
  • </c> information for uh for the um account information for uh for the um account and<01:02:17.520><c>
  • </c> in the house um how the how the account in the house um how the how the account is<01:03:47.000>
  • or administration of the account.
Keywords: 1187, senate, all
MO

Missouri 2026 Regular Session

Veterans and Armed Forces Feb 17th, 2026

Veterans and Armed Forces

Transcript Highlights:
  • You can own and control your account. You get to decide how your funds are used.
  • You can own and control your account. You get to decide how your funds are used.
  • And with a MoABLE account, that does not apply.
  • You keep it on hand and now you’re eligible for a MoABLE account.
  • What are they like the fiduciary holders of the accounts?
Summary: The Committee on Veterans and Armed Forces met with a quorum and first took up House Bill 2771. Members adopted a House Committee amendment, then rolled it into a new substitute combining HB 2771 with HB 1993. The House Committee substitute for HB 2771 and HB 1993 was then voted do pass by a roll call of 21 ayes and 0 nos. The committee also announced that another bill on the agenda would be held over until the following week at the request of Representative Roberts, who is working with the Missouri Veterans Commission and its director. No action was taken on that measure during this meeting. The remainder of the meeting was a presentation on the MoABLE program by State Treasurer Vivek Malik and coordinator Yvonne Riedman. They explained that, under a federal change effective January 1, 2026, eligibility now extends to people whose disability began before age 46 rather than 26. They said the program helps disabled Missourians, including veterans, save and invest without affecting certain means-tested benefits, and that account funds can be used for qualified expenses such as housing, health care, education, transportation, and assistive technology. Committee members asked about veteran eligibility, asset limits, work status, account balances, and outreach efforts; Malik said enrollment has grown from under 2,000 to nearly 6,000 and that the office is promoting the program through veteran organizations and upcoming public service announcements.
WA
Transcript Highlights:
  • The largest transfer from the general fund to another account is to the disaster response...
  • From the general fund to another account is to the disaster response account at just over $82 million
  • There's a transfer from the public works assistance accounts to general fund state.
  • and the operating fees accounts are assumed.
  • There is a one-time appropriation of building account funds into the operating fees account that's in
Keywords: 904, all
Summary: The conference committee on Engrossed Substitute Senate Bill 5998 received a detailed briefing from House and Senate budget coordinators on the operating budget conference report. They walked through comparison documents showing the Senate-passed budget, House-passed budget, and the conference proposal, including statewide totals, agency-level changes, revenue assumptions, transfers, and outlook impacts. The proposal uses the February 2026 ERFC forecast, includes an $880 million transfer from the Budget Stabilization Account to the general fund, and reflects various revenue-related bills and prior-period adjustment assumptions. The coordinators highlighted major spending and policy changes across several areas, including Working Families Tax Credit expansion, local government fiscal health funding, child care attendance policy changes, behavioral health facility and staffing adjustments, long-term care support for certain non-citizens affected by federal changes, health care and public health responses to H.R. 1, K-12 changes such as free school meals contingent on legislation, Running Start and transportation depreciation adjustments, higher education administrative reductions, corrections staffing and bed changes, and natural resources funding including wildfire response and low-income energy assistance. They said the conference report results in $80.2 billion in near general fund spending for 2025-27, with projected ending fund balances of $231 million in 2025-27 and $563 million in 2027-29, though fiscal year 2028 shows a negative near general fund ending balance. After the briefing, Senator Robinson moved to adopt the conference report and pass the bill, and the motion was seconded. Supporters said the budget reflected a compromise between House and Senate proposals and protected core services, while opponents criticized it as overly reliant on optimistic revenue assumptions, the rainy day fund transfer, and reductions in K-12 and other areas. The committee then voted 4-2 to recommend the conference report to the legislature, with Representatives Gregerson and Ormsby and Senators Robinson and Stanford in support, and Representative Couture and Senator Gildon opposed.
CA
Transcript Highlights:
  • Memorandum and balancing accounts act as... ...and balancing accounts that never expire.
  • such accounts or adopt a cost-sharing mechanism for costs recovered above those accounts.
  • such accounts or adopt a cost-sharing mechanism for costs recovered above those accounts.
  • accounts by outsiders.
  • We're trying to create stronger oversight and accountability of use of these accounts.
Summary: The committee heard several energy, water, and utility bills, with extensive testimony on cost, ratepayer impacts, and climate or reliability goals. SB 919 by Senator Grayson would extend the biomethane monetary incentive program through 2030 and support renewable natural gas development by reducing interconnection cost barriers. Supporters said RNG helps methane reduction and organic waste diversion, while opponents, including TURN and environmental groups, argued the bill could shift costs to ratepayers and subsidize combustion-based fuels, especially dairy digesters. The author said committee amendments removed the rate-basing provisions and instead urged the CPUC to act quickly on its pending decision; the bill was left for a later vote. SB 931 by Senator Laird would reauthorize the Diablo Canyon Community Impact Mitigation Program through 2030. Supporters said San Luis Obispo County and local schools rely on the funding for emergency preparedness and public safety, while TURN argued the extension would add about $47 million in statewide ratepayer costs and should instead be paid from existing PG&E deal revenues. Members discussed the bill as a continuation of the 2022 Diablo Canyon agreement, and the author said the measure simply restores the five years omitted from that deal. The committee also heard SB 1215 by Senator Cortese, which would direct the CPUC to set deployment targets for EV charging in multifamily housing. Supporters said renters and apartment residents are largely shut out of home charging, and that prior utility programs showed the model can be cost-effective and beneficial to ratepayers. The bill was amended to address affordability, ratepayer benefits, and limits on major system upgrades. SB 1295 by Senator Stern would create a framework for using distributed batteries and other local resources to solve grid constraints more cheaply than traditional infrastructure. Supporters said it could improve reliability and reduce costs by targeting batteries where they provide the most grid value, while utilities said they were open to continued discussion. SB 1359, also by Senator Stern, would require the CPUC to more carefully evaluate major gas infrastructure investments and alternatives such as electrification before approving new spending. Environmental groups supported the bill as a guardrail against stranded assets, while gas utilities opposed it, warning it could undermine the obligation to serve, create safety and reliability risks, and retroactively change the rules for approved investments. On water policy, SB 1125 by Senator Menjivar would create a statewide low-income water rate assistance program upon appropriation. Supporters said about 1.6 million households have water debt and that affordability is a statewide issue, not just a problem for disadvantaged communities. Some members raised concerns that the bill lacked a funding source and that state mandates, such as chromium-6 treatment requirements, already strain local water agencies; the author and supporters responded that the bill includes administrative caps and transparency measures and is intended to work alongside future funding. The committee then heard SB 1098 by Senator Pérez, which would restrict the use of utility memorandum and balancing accounts by requiring exceptional circumstances, adding sunset dates, and creating cost-sharing or lower-return rules for certain spending. TURN and other supporters said the accounts allow utilities to recover costs after the fact with too little discipline, while Edison and PG&E opposed the bill, arguing that some costs are unpredictable and that the CPUC already has a formal review process. SB 1125 was moved to Appropriations with a roll call, and the roll was left open for additional votes; the other measures were discussed with no final committee actions announced in the excerpt.
KY
Transcript Highlights:
  • </c><00:10:18.279><c> transparency</c><00:10:19.279><c> and</c> fairness accountability transparency
  • and fairness accountability transparency and consistency<00:10:20.440><c> across</c><00:10:20.800><c>
  • <00:15:01.680><c> accountability</c><00:15:02.279><c> and</c><00:15:02.839><c> transparency</c> account
  • accountability and transparency account accountability and transparency this<00:15:04.040><c> legislation
  • </c><00:15:14.720><c> ensure</c> transparency and accountability ensure transparency and accountability
Keywords: 958, all
Summary: The Senate State and Local Government Committee met and first took up Senate Bill 193, described as a simple measure to restore a wallet card for jailers to carry when outside the jail. The chair noted the fiscal impact was essentially zero, there were no questions, and the committee voted to pass the bill 9-0. The committee then heard Senate Bill 9, a proposal focused on the Teachers’ Retirement System (TRS). The sponsor argued TRS remains underfunded despite large state contributions, cited rising unfunded liability and negative cash flow, and said the bill is intended to standardize and limit what sick leave, personal leave, and annual leave can count toward retirement calculations. The bill would generally cap TRS retirement credit at 10 sick days and 2 personal days per year, prevent annual leave from being rolled into sick leave, require more uniform reporting and oversight from participating districts and agencies, and shift costs to districts that offer benefits beyond TRS limits. The sponsor also said the bill would add 30 maternity leave days, allow voluntary supplemental contributions for Tier Four teachers, and include a floor amendment directing the state auditor to audit TRS and report on agency leave policies. During the presentation, the sponsor emphasized fairness, transparency, and accountability, and used a hypothetical high-salary administrator to illustrate how leave payouts can increase retirement benefits and create additional unfunded liability. Senator Mills thanked the sponsor and said members had been working to understand the issue, but no committee action on Senate Bill 9 was completed in the portion provided.
FL

Florida 2026 Regular Session

Rules Apr 8th, 2025

Rules

Transcript Highlights:
  • Are they going to be taking into account how many transactions will be in that account?
  • I have my trust account. I have our trust account there.
  • prioritizes IOTA accounts over customer accounts.
  • prioritizes IOTA accounts over customer accounts.
  • My money market account could be comparable to an IOTA account.
Summary: The Rules Committee took up a large agenda of bills, with many measures reported favorably after brief explanations, amendments, and testimony. Early bills included CS/SB 658 on lien waivers and releases, which was amended to preserve enforceability despite form differences and then passed; CS/CS/SB 736 on brownfields redevelopment, which drew support from business and redevelopment interests and passed; and CS/SB 1002 on utility service restrictions, which was amended to bar certain building or fire code provisions affecting fuel-source choices and then passed despite opposition from environmental advocates. The committee also advanced CS/CS/SB 1132 on right-to-repair for certain equipment, where manufacturers, dealer representatives, and industry groups warned the bill could undermine dealer networks and existing repair programs, while supporters argued it would improve consumer access and help farmers and equipment owners. The bill still passed. Other measures reported favorably included CS/SB 1378 on restitution for leaving the scene of property-damage crashes, CS/CS/SB 768 on foreign-country controlling interests in health care licensing, CS/SB 772 on school access to glucagon for diabetes emergencies, CS/SB 1400 on removal of nonconsensual altered sexual depictions, and CS/SB 1696 on transportation network company impersonation and transit funding. A major portion of the meeting focused on affordable housing. CS/SB 1730, a follow-up to the Live Local Act, made several changes to zoning, height, density, parking, moratorium, and enforcement provisions, with members raising concerns about parking reductions, attorney’s fees, local control, and impacts in the Keys and other sensitive areas. Supporters said the bill closes loopholes and improves workforce housing implementation, while some witnesses urged additional exemptions for areas of critical state concern. The bill was reported favorably after amendment. Later, the committee considered several bills from Senator Leak, including CS/SB 576 on service of process, CS/SB 606 on public lodging and food service establishments, and CS/SB 1164 on electronic delivery of landlord-tenant notices. CS/SB 606 drew substantial debate over whether hotels and extended-stay properties should be able to remove nonpaying guests without treating them like residential tenants; the sponsor said the bill clarifies transient occupancy and removes mandatory arrest provisions, and it passed. CS/SB 1164, which allows email notice delivery by agreement, passed despite concerns from tenant advocates that the bill should include clearer consent and safeguards. The committee also approved CS/SB 1374 on school district reporting of educator arrests and misconduct, CS/SB 940 on third-party restaurant reservation sales, and began hearing CS/SB 1690 on surrendered infants, which would authorize infant safety devices or “baby boxes” as a legal surrender option, with supportive testimony from proponents describing crisis situations and the need for anonymous surrender options.
AR

Arkansas 2026 Regular Session

LEGISLATIVE JOINT AUDITING-COUNTIES AND MUNICIPALITIES Jun 4th, 2026

LEGISLATIVE JOINT AUDITING-COUNTIES AND MUNICIPALITIES

Transcript Highlights:
  • Accounting procedures for municipalities are set forth in municipal accounting law in Arkansas Code Annotated
  • Continuing on page 30, accounting procedures for municipalities are set forth in the municipal accounting
  • These are accounting majors.
  • of accounts and accounting purposes.
  • Of that money, you know, there's two accounts there: the restitution account, and the Of that money,
Keywords: 1204, all
WA

Washington 2025-2026 Regular Session

Joint Legislative-Executive Committee on Budget Transparency and Fiscal Sustainability Jul 20th, 2026 at 09:00 am

Joint Legislative-Executive Committee on Budget Transparency and Fiscal Sustainability

Transcript Highlights:
  • Account, Ed Legacy, and also the Fair Start for Kids Account.
  • matter—federal accounts, whether there are specific higher ed accounts, specific accounts in the natural
  • This slide shows the NGFO, so the accounts that James mentioned earlier, fall into the NGFO accounts,
  • There's also transfers between NGFO accounts and other accounts that may be directed in the budget or
  • , but you have to account for it as you're making decisions for the other NGFO accounts.
Keywords: 904, all
WA

Washington 2025-2026 Regular Session

House Appropriations Feb 18th, 2026

Transcript Highlights:
  • The sunset provisions for the surcharge and the account are removed.
  • The sunset provisions for the surcharge and the account are removed.
  • The account is not appropriated but is subject to allotment procedures, and any funds in the account
  • All receipts from gifts, grants, or donations for the account must be deposited into the account, and
  • This bill provides a straightforward and accountable solution by creating a dedicated account.
Summary: The Appropriations Committee held a public hearing on several bills. Senate Bill 5109 would raise the mortgage lending fraud prosecution surcharge on recorded deeds of trust from $1 to $5 and remove the 2027 sunset on the surcharge and account. Committee staff said the change would generate additional revenue for county auditors and the Department of Financial Institutions to contract with prosecutors; King County and the Washington Association of Prosecuting Attorneys testified in strong support, saying the current funding has eroded and the bill would better sustain mortgage fraud prosecutions. A question was raised about whether other budget funding could serve a similar purpose, but supporters said the dedicated surcharge/account structure was the best fit. No vote was taken. The committee also heard Engrossed Substitute Senate Bill 5500, which would require DCYF’s biennial child care report to include a current cost-of-quality study in addition to the market rate survey. Testifiers from Child Care Aware of Washington, child care providers, and the early education design team supported the bill, saying the market rate survey alone does not capture the true cost of providing quality care. Staff said the bill would have a small fiscal impact for DCYF. The committee then heard Substitute Senate Bill 5834 and Senate Bill 5835, both Department of Retirement Systems request bills: one would broaden use of pension fund interest earnings for fund-protection expenses beyond the 2025-27 biennium, and the other would raise the threshold for lump-sum payment of small monthly benefits from $50 to $250. Neither bill drew public testimony, and staff said the fiscal impacts were minimal. Later, the committee heard Engrossed Senate Bill 5872, which would create the Pre-K Promise Account for ECAP funding and allow gifts, grants, and donations to be used solely to expand the program. Supporters including rural health coalitions, the Balmer Group, and Snohomish County said the account would help expand access to early learning, especially in child care deserts; DCYF estimated staffing costs to administer the account. Substitute Senate Bill 6007 would direct WSIPP to study DCYF’s child welfare screening tools and their effects on outcomes, with a reported cost of about $234,000; there was no public testimony. Engrossed Substitute Senate Bill 6019 would clarify home care agency rate-setting and require that no more than 20% of Medicaid home care rates go to administrative costs, with DSHS saying there would be no fiscal impact. Labor and caregiver witnesses supported it as a parity and accountability measure. Finally, Senate Bill 6065 would allow school districts in binding conditions or enhanced financial oversight to use transportation vehicle funds more flexibly, including temporary loans or permanent transfers with approval; a rural education representative supported the bill, and staff said OSPI would incur only modest administrative costs. The committee took no final action and adjourned after the hearings.
AL

Alabama 2025 Regular Session

Alabama House Children and Senior Advocacy Committee Feb 19th, 2025

Children and Senior Advocacy

Transcript Highlights:
  • Don’t you think a parent should be held accountable for...
  • A parent should be held accountable for that.
  • It sets parameters on all accounts under the age of 18, which must be considered minor accounts.
  • The parent could terminate that account at any time.
  • Parents are being held accountable here, and your bill seems to put the accountability on the side of
Bills: HB235, HB276, HB285
TX

Texas 89th Regular

Education K-16 (Part II) Apr 1st, 2025

Education K-16

Transcript Highlights:
  • Accountability without support just breeds a culture of fear, but accountability with strong supports
  • Accountability without support just breeds a culture of fear, but accountability with strong supports
  • Indeed, Texas leads the nation in accountability, with a rigorous accountability system that also provides
  • We don't like, frankly, to be held accountable, what we all need to be held accountable.
  • A strong accountability system...
Summary: The committee continued hearing testimony on Senate Bill 2252, which would expand early literacy and numeracy screening, parent notification, intervention supports, and teacher training, including math academies and early childhood supports. Supporters from Texas 2036, Good Reason Houston, Texas Business Leadership Council, and several parents argued that early identification of skill gaps, clearer data for families, and stronger teacher preparation would improve student outcomes, workforce readiness, and long-term earnings. They cited low math proficiency statewide, the importance of early intervention, and examples of districts using screeners and data dashboards to guide instruction and resource allocation. One witness also highlighted home visiting as a family-support model, while another urged more funding for pre-K partnerships and stronger support for parents with reading materials and guidance. A district special education administrator testified neutrally, saying the bill reflects practices already used in her district but expressing concern that it could reduce local control and teacher discretion by standardizing screening and tying it to funding. A Texas Classroom Teachers Association representative supported the intent but warned that mandatory math academies and intervention academies could burden teachers if implemented like prior reading academies, and a substitute teacher/teacher-of-the-year witness asked for clearer protections around special education information and pay for alternative certification candidates. After public testimony closed, SB 2252 was left pending. The committee then took up Senate Bill 2253, as substituted, which would phase out routine hiring of uncertified teachers over time, require parent notification when a teacher is uncertified, and expand high-quality preparation pathways such as university programs, residencies, improved alternative certification, and grow-your-own programs. Senator Creighton said the bill responds to the rise in uncertified teachers and aims to strengthen the teacher pipeline with more structured preparation, mentorship, and oversight by SBEC. Invited testimony strongly supported the measure: a Texas Tech researcher said uncertified teachers and fast-track programs are associated with significant learning losses, while year-long residencies and mentored pathways produce stronger outcomes and higher earnings for students. Leaders from Dallas College and Sam Houston State University described successful residency and grow-your-own models, high completion and retention rates, and the need for paid residencies and stipends so candidates can afford to enter the profession. Committee members asked about the difference between mentorship and residency, the cost-effectiveness of paid residencies, retention incentives, and how to scale the model statewide. The committee also adopted the substitute for SB 2253 and later paused to vote out several other bills, including SB 1191, SB 1786, SB 226, SB 326, SB 570, SB 870, SB 991, SB 60, SB 365, SB 1401, and SB 1067, all of which were reported favorably, many with unanimous votes and some placed on the local and uncontested calendar.
WA

Washington 2025-2026 Regular Session

Pension Funding Council Jun 23rd, 2026

Pension Funding Council

Transcript Highlights:
  • Accounting Standards Board, or GASB, reporting requirements.
  • But what we do have today is the accounting valuation, and what we can do is look at the accounting metrics
  • I just have one slide for you today on the accounting results.
  • the accounting metrics.
  • I just have one slide for you today on the accounting results.
Summary: The Pension Funding Council met on June 23, 2026, for a work session that began with an overview of the Higher Education Supplemental Retirement Plan (SRP) and a 2025 accounting valuation of that plan. Staff explained that the SRP is a closed defined benefit supplement for higher education employees hired before the 2011 closure, with employer contributions currently pre-funding benefits in institution-specific trusts while institutions still pay benefits on a pay-as-you-go basis. The State Actuary’s office reported that the plan’s accounting position has improved, with combined market assets of about $245 million against $377 million in accrued liability, and that strong market performance since 2022 has increased the asset-to-liability ratio. The office emphasized that this was an educational accounting valuation, not a funding valuation for rate-setting. The council then received the 2025 actuarial valuation report for the state retirement systems. Actuaries reviewed the recent demographic experience study, noting updated assumptions for mortality, retirement, termination, and salary growth, and said the net impact on most plans was small. They reported that most plans’ funded ratios improved, with all plans at least 94% funded and several at or above 100%, and that contribution rates for the 2027–2029 biennium are generally lower than current rates. They also noted that future rates could be affected by market volatility as deferred gains are recognized over the next few years. During public comment, a representative of the Association of Washington Cities urged the council to consider rate reductions to help local governments facing budget pressures. In executive session, the council first approved a motion directing the Office of the State Actuary to perform an actuarial evaluation and analysis of each institution’s Higher Education Supplemental Retirement Plan, including institution-specific contribution rates, asset sufficiency, and funding policy options, due by July 1, 2028. The council then adopted the 2027–2029 pension contribution rates based on the 2025 actuarial valuation report. Both motions passed 5-0, with one member excused. The meeting concluded with no further business.
CA
Transcript Highlights:
  • Districts are not asking for less accountability.
  • Is it accountability?
  • Transparency, engagement, accountability for increasing and improving services, accountability for closing
  • Also, on the Governor's accountability or realignment proposal, we are supportive of drawing clear accountability
  • Also, on the Governor's accountability or realignment proposal, we are supportive of drawing clear accountability
Summary: The joint hearing focused on coherence in California’s education planning and reporting systems, especially the Local Control and Accountability Plan (LCAP) and related grant plans. Committee chairs and members described widespread frustration with duplicative, lengthy, and sometimes conflicting reporting requirements, while emphasizing that the goal was not to reduce accountability but to make planning more useful, stable, and student-centered. State Superintendent Tony Thurmond also previewed the Governor’s education budget priorities, including expanded learning, community schools, universal transitional kindergarten, literacy supports, and concerns about the proposed Prop. 98 deferral. Panelists from the State Board of Education, Fresno County Superintendent of Schools, and the Legislative Analyst’s Office said the LCAP was intended to balance local flexibility with statewide transparency, but has become overloaded by repeated revisions and additional requirements. They argued for fewer core reporting elements, more stability over time, better alignment of planning cycles, and integrated systems that reduce duplication. Fresno County staff described a multi-year calendar and support tools that help districts manage timelines, but said these tools only ease the burden rather than solve the underlying problem. The LAO noted that some newer plans, such as expanded learning and transportation plans, are narrative-heavy and often less informative than separate reporting requirements. Local district leaders and county officials described the practical effects of the current system: staff time diverted from instruction, multiple portals and forms, audit risk aversion, and planning documents that can exceed 100 pages. Several superintendents said coherent systems work best when districts have clear priorities, stable governance, and aligned budgets, and when state requirements are predictable and tied to outcomes like literacy, attendance, and student achievement. The California Federation of Teachers added that coherence also depends on meaningful collaboration with educators, classified staff, parents, and communities. Committee members repeatedly asked whether the state should streamline reporting, create a uniform portal, or develop a more unified grant-reporting structure, and Thurmond said the department was piloting a simplified common form and was willing to work with the Legislature and districts on broader solutions.
CA
Transcript Highlights:
  • The first panel will hear from the LAO about how the current budget stabilization account works.
  • and deposits into the account.
  • And it stays within the reserve account, or does it go to the General Fund, the interest?
  • This is the account you all created last year.
  • It's untested, and it's called the Projected Surplus Temporary Holding Account.
Summary: The Assembly Budget Subcommittee on Accountability and Oversight held a hearing on proposals to reform California’s Budget Stabilization Account, or rainy day fund, ahead of the May Revision. Members and witnesses reviewed how Proposition 2 (2014) changed reserve rules, including mandatory deposits, a 10% cap on the fund, and limits tied to the Governor’s declaration of a budget emergency. LAO staff explained that California’s revenues are highly volatile, that current reserve rules are complicated by interactions with Proposition 98 and the Gann limit, and that under current law reserves would cover only about one-third of funding shortfalls in a benchmark scenario over 50 years. The LAO presented its report recommending a larger reserve target, including raising the cap to 50% by 2055 and pairing that with either broader, more flexible deposit rules or a simpler approach that deposits all excess capital gains. The Department of Finance described the Governor’s proposal to raise the cap from 10% to 20% and exempt BSA deposits from the state appropriations limit, while Assembly Member Valencia presented ACA 1, which would make similar changes and was described as an evolving proposal. Testimony generally supported saving more during boom years, but differed on how much to hardwire into the Constitution versus leave flexible, and on whether to broaden the deposit formulas beyond capital gains. Public witnesses and committee members raised additional issues, including whether reserve reforms should also address debt repayment, the treatment of unemployment insurance fund debt, and whether the Gann limit should be adjusted to better allow reserve growth. Supporters argued that stronger reserves would protect Californians from cuts during downturns and help the state weather volatility and federal funding threats. Some advocates warned that reforms should not come at the expense of current public needs, while taxpayer representatives cautioned against turning the BSA into a pass-through account that weakens constitutional spending limits. The hearing ended without a vote, with the committee chair noting the complexity of the issue and adjourning after public comment.
WA

Washington 2025-2026 Regular Session

Senate Ways & Means Feb 26th, 2026 at 01:30 pm

Ways & Means

Transcript Highlights:
  • to the state taxable bond account.
  • of one account.
  • It keeps most of the allowable uses of the repealed account and puts them in one of the new accounts.
  • of one account.
  • uses and dedicated funding that were in that account are moved to the CCA capital account.
MN

Minnesota 2025-2026 Regular Session

Committee on Transportation - 04/13/26

Transportation

Transcript Highlights:
  • </c><00:20:38.880><c> um</c> transportation services account um transportation services account um that's
  • </c><00:20:45.280><c> Um</c> accounts that I'll mention later. Um accounts that I'll mention later.
  • </c> operating account as well. operating account as well.
  • ><00:26:48.080><c> account.
  • </c> air transportation services account. air transportation services account.
Keywords: 1187, senate, all
CA

California 2025-2026 Regular Session

Senate Governmental Organization Committee Apr 14th, 2026

Governmental Organization

Transcript Highlights:
  • This lack of accountability has real consequences.
  • And the last part is accountability.
  • It also takes into account the positive impact.
  • Holding them accountable. They have to come before us.
  • I definitely have a lot of ideas about accountability and how we implement accountability measures, not
Summary: The Senate Government Organization Committee met without a quorum at first, then later established one and took up a series of bills, many focused on regulatory oversight, state symbols, food insecurity, immigration enforcement, and ethnic media funding. SB 885 by Senator Strickland proposed requiring legislative approval for major regulations with an estimated economic impact over $50 million; supporters argued it would restore accountability and help address affordability, while labor and environmental opponents warned it would delay important health and safety rules. After discussion of committee amendments and concerns about timing, the bill was moved out on a due-pass motion, with the roll held open for absent members. The committee also heard SB 986, a similar regulatory oversight bill by Senator Saryato, which accepted committee amendments and advanced after supporters emphasized separation of powers and opponents raised delay concerns. SB 1025 by Senator Hurtado created an Office of Food Security and Affordability to coordinate food programs across departments; members generally supported the goal but urged stronger reporting and oversight guardrails, and the bill was moved forward with the roll held open. The committee then heard several symbolic designation bills. SB 1214 by Senator Ochoa Bogh would designate the Western monarch as California’s state butterfly; supporters highlighted the species’ ecological importance and conservation value, and the bill advanced as amended. SB 1178 by Senator Reyes would designate the California yellow jacket as the state wasp; testimony emphasized its role in pest control and agriculture, and it also moved forward as amended. SB 1286 by Senator Richardson would designate the California sea lion as the official state pinniped; the author and Marine Mammal Care Center described sea lions as a conservation success story and a sentinel species, and the bill passed out of committee as amended. The committee also considered SB 1171 by Senator Caballero, which would make private entities that contract with ICE ineligible for state-funded loans or grants. Supporters framed it as a response to harmful ICE enforcement practices, while opponents warned it could sweep in providers of essential services such as food, medical care, and legal research for detainees and could invite retaliation against California funding. The bill was approved on a 7-3 vote, with the roll held open. Finally, SB 1358 by Senator Rubio, the Ethnic and Community Media Equity Act, would create a database and contracting framework to direct more state advertising and outreach funds to ethnic and community media; supporters said it would improve reach, trust, and effectiveness in underserved communities, and the bill advanced on a strong vote with the roll held open. The committee also took up the consent calendar after quorum was established, and several items were held open for absent members.
WY

Wyoming 2026 Regular Session

Senate Appropriations Committee, February 11, 2026

Appropriations

Transcript Highlights:
  • The income account is the account that we work the projects out of.
  • account came from, how much is in that account came from, how much is in that account<00:20:31.280><c
  • The income account is the projects.
  • So, there are two separate accounts. of. So, there are two separate accounts.
  • </c> trust account. trust account.