Video & Transcript Research : 'budget forecasting'

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MN

Minnesota 2025-2026 Regular Session

State Committee Meeting - 2025-04-08

State Government Finance and Policy

Transcript Highlights:
  • Minnesota Management and Budget is on 3.31. Revenue 7.4. Gambling Control Board, line 7.34.
  • Lastly, the commissioner of budget management and budget on lines 15.10 through 16.5.
  • Thank you again for the opportunity to talk about the revenue's budget.
  • Roberts probably knows where every nickel in our budget resides.
  • Nickel in our budget resides, and Mr.
Bills: HF2783
KY
Transcript Highlights:
  • </c> Office of State Budget Director.
  • One, we have a large budget reasons.
  • </c> these years listed, we still budgeted these years listed, we still budgeted over<00:27:01.200><c
  • </c> bianial budget. bianial budget.
  • No, no, we'll be talking to our Medicaid folks as we're doing our forecasting for the next budget about
Summary: The committee first established a quorum, approved the July minutes, and recognized Jennifer Hayes of the Department of State Budget Director for her retirement and long service. Secretary Hicks then presented a review of fiscal year 2025 closeout for the general fund and road fund, explaining that the general fund ended with a $313 million surplus and the road fund with a $61 million surplus. He attributed the general fund result to strong corporate income and LLC tax receipts, investment income, and lower-than-budgeted spending, while noting that individual income tax and sales tax underperformed estimates. He also described how the general fund surplus was allocated, with $62 million used for necessary government expenses and $251 million deposited into the budget reserve trust fund, which remained at historically strong levels. For the road fund, he said the surplus would be deposited into the Department of Highways construction account, and he highlighted record motor vehicle usage tax receipts despite lower motor fuels tax revenue due to a rate decline. Members asked questions about the pass-through entity tax, delayed filing deadlines, THC beverage sales, and income tax collection from undocumented workers. Hicks said the pass-through entity tax remains difficult to model because of timing issues and the first year’s unusual filing pattern, and that staff are still working with the Department of Revenue and other states to improve forecasting. He said the delayed filing deadline likely would not require a major restatement and that any related receipts would still be counted in fiscal 2026. On THC beverages, he said the issue would be considered in the next forecasting cycle. On the undocumented-worker question, he said withholding may capture some of the revenue but referred broader collection efforts to the Department of Revenue. The committee then shifted to an overview of the federal reconciliation act’s potential impact on the next biennial budget, with Hicks and Commissioner Lisa Dennis focusing on Medicaid and SNAP. Hicks said the Congressional Budget Office estimated roughly $900 billion in federal savings over 10 years, driven in part by work or community engagement requirements for the Medicaid expansion population and limits on state-directed payments. He emphasized that CMS still must issue regulations to define how the state-directed payment reductions will be calculated, making the exact fiscal impact uncertain. He referred members to a prior Medicaid Oversight Advisory Board presentation for more detail, and the discussion remained informational with no votes or formal actions taken on the federal changes.
FL

Florida 2025 Regular Session

House in Session Mar 26th, 2025

Florida House Floor Meeting

Transcript Highlights:
  • THEY ARE IRRELEVANT AND INCIDENTAL TO THE TRUE GROWTH OF THE BUDGET.
  • THE BENEFICIARIES OF THE STATE BUDGET ARE THE ENDLESS STRING OF LOBBYISTS AND VENDORS WHO ALWAYS HAVE
  • OUR BUDGET WILL NOT ONLY BE LOWER THAN THE GOVERNOR'S PROPOSED BUDGET; IT WILL ALSO BE LOWER THAN THE
  • BUDGET PASSED BY THE LEGISLATURE LAST TERM.
  • It has been in the budget for 10 years.
Summary: The Florida House convened for regular business, with Speaker Perez announcing historic budget plans including the largest state tax cut in Florida history - a permanent 0.75% sales tax reduction from 6% to 5.25%, saving Floridians nearly $5 billion annually. The House will propose a budget lower than both the Governor's proposal and last year's budget. Several bills passed including Lucy's Law (boating safety), water access facilities funding, municipal utility rate corrections, hazardous walking conditions for schools, and medical malpractice 'Free Kill Law' repeal. The controversial firearm purchase age bill (HB 759) passed 78-34, lowering the minimum age from 21 to 18, despite emotional opposition citing the Parkland shooting. Other bills addressed cursive writing instruction, peer support for first responders, and government sunset reviews. Multiple veto override motions were approved unanimously, reinstating funding for veterans programs and infrastructure projects.
AZ

Arizona 2026 Regular Session

01/27/2026 - House Regulatory Oversight

Regulatory Oversight

Transcript Highlights:
  • House Bill 2688 requires the ADOA to collect a list of each budget unit's FTE positions that have been
  • So basically what it does is if... ...if any state position in a budget unit, so that's a board or a
  • The money can then be used, transferred around, is just part of the budget of the department.
  • So a question on that: if there's a department that has a budget for X amount of funds, has a headcount
  • , budget rationalizations, and all that.
Bills: HB2086, HB2248, HB2688
MN

Minnesota 2025-2026 Regular Session

House Veterans and Military Affairs Division 4/15/26

Veterans and Military Affairs Division

Transcript Highlights:
  • </c> not a budget year? not a budget year? &gt;&gt; Representative<00:23:37.120><c> Myers.
  • We are funded 45% of our budget by the federal VA. The federal VA does not provide this treatment.
  • funded<01:04:30.640><c> 45%</c><01:04:31.200><c> of</c><01:04:31.359><c> our</c><01:04:31.599><c> budget
  • ><01:04:31.920><c> by</c><01:04:32.559><c> the</c><01:04:32.799><c> federal</c> funded 45% of our budget
  • by the federal funded 45% of our budget by the federal VA.<01:04:34.000><c> The</c><01:04:34.160><c>
HI
Transcript Highlights:
  • Labor Industrial Relations with the Department of Law Enforcement as the department responsible for budgeting
  • You know, state hospital, we got the convention center that just started up and it's over budget already
  • You know, state hospital, we got the convention center that just started up and it's over budget already
  • State hospital, we got the convention center that just started up and it's over budget already.
  • Uh, clearly there are some concerns regarding timelines and budgeting for certain construction projects
MN

Minnesota 2025-2026 Regular Session

House State Government Finance and Policy Committee 4/10/25

State Government Finance and Policy

Transcript Highlights:
  • </c> Like other agencies, I understand how difficult it is to put together a balanced budget with so
  • In 2023, this committee passed an increase in our budget to hire an additional staff member to support
  • The increase in our budget in 2023 was sufficient to pay for an additional FTE at the lower salaries.
  • But our current budget cannot sustain the five FTEs because of these new salaries.
  • </c> but quite frankly, we're in a budget but quite frankly, we're in a budget situation<00:14:11.600
Bills: HF2783
MN

Minnesota 2025-2026 Regular Session

House State Government Finance and Policy Committee 4/8/25

State Government Finance and Policy

Transcript Highlights:
  • <00:03:14.800><c> is</c><00:03:15.040><c> on</c> budget is on budget is on 3.31<00:03:17.200><c> revenue
  • And then lastly, the commissioner of budget management and budget on lines 15.10 through 16.5.
  • budget management and budget on lines of budget management and budget on lines uh<00:05:22.160><c> 1510
  • Minnesota Management and Budget.
  • </c> really challenging budget environment. really challenging budget environment.
Bills: HF2783
WY

Wyoming 2026 Regular Session

Senate Appropriations Committee, February 12, 2026

Appropriations

Transcript Highlights:
  • He also said the presentation of the budget bill would begin at 2:00 so members would have time to prepare
  • The proposal uses about half the budget that the system of support uses for the 900 series and plugs
  • They took about half the budget that the system of support uses for the 900 series and plugged that into
  • uh<00:02:27.040><c> about</c><00:02:27.360><c> half</c><00:02:27.680><c> the</c><00:02:27.920><c> budget
  • that the system uh about half the budget that the system of<00:02:29.040><c> support</c><00:02:29.440
Bills: HB0111, HB0112, HB0122
WY

Wyoming 2026 Regular Session

House Appropriations Committee, February 12, 2026 PM 2

Appropriations

Transcript Highlights:
  • And frankly, this is a budget session, so we will be having that conversation about how we take care
  • </c> bill in the event that our budget bill in the event that our budget exception<02:26:36.000><c> requests
  • </c><02:26:57.120><c> bill,</c> positions go away in the budget bill, positions go away in the budget
  • </c> the budget. the budget. uh<02:27:08.479><c> you</c><02:27:08.640><c> know</c><02:27:08.720><c> just
  • I mean, does the budget bill need to say that one of the two positions is for the purpose of enacting
Bills: HB0111, HB0112, HB0122
WY

Wyoming 2026 Regular Session

House Appropriations Committee, February 12, 2026 AM

Appropriations

Transcript Highlights:
  • Crosslin with the LSO, Budget Fiscal Division. I'm an associate fiscal analyst.
  • </c> is NA Crosslin with the LSO, Budget is NA Crosslin with the LSO, Budget Fiscal<00:01:06.400><c>
  • As you all know, major maintenance has historically been in the budget bill.
  • Chairman, I mean, that's that happens a lot in the budget bill. Am I misspeaking?
  • Through volunteer labor, through fundraising, or through county budgets.
Bills: HB0111, HB0112, HB0122
WA

Washington 2025-2026 Regular Session

Senate Transportation Feb 26th, 2026 at 08:00 am

Transportation

Transcript Highlights:
  • Before you is a proposed substitute Senate Bill 6005, the 2006 supplemental transportation budget heard
  • ... ...Before you is a proposed substitute Senate Bill 6005, the 2006 supplemental transportation budget
  • We just passed the budget. This is how we pay for those investments, encouraging a yes vote.
  • I just wanted to recognize our staff as we passed this budget and the bond bill.
  • We have a great group of people that we get to work with as we put this budget together.
Bills: SB6005, SB6225
HI

Hawaii 2026 Regular Session

WLA-HWN Public Hearing 02-19-2026

Water, Land, Culture and the Arts

Bills: SB2596, SB3002, SB3067
Summary: The joint committees on Water and Culture and the Arts and on Hawaiian Affairs heard SB 3173, which would create a cultural training pilot program in the Department of Land and Natural Resources, administered by DOBOR, for commercial permit holders operating in Lahaina Harbor. Testimony was largely supportive from Lahaina Strong, which said the bill responds to community concerns and would help commercial operators return with greater cultural understanding and respect. Supporters framed the measure as a way to rebuild Lahaina intentionally and strengthen relationships between industry and community. Opposition came from Trilogy Excursions and the Activities and Attractions Association of Hawaii. They said they already provide or encourage cultural education, but argued the bill as written is too broad, potentially mandatory, and could create hiring and operational problems for businesses trying to restart after the fire. They asked that any program be voluntary, collaborative, and practical, with clearer details on who must take the training, how often it would be offered, and how it would be coordinated. In response to questions, a witness said most operators would likely participate if the training were accessible and well-marketed, but that the harbor’s limited current operations and staggered rebuilding make timing important. After testimony and questions, the chairs said they appreciated the comments but wanted to move the bill forward without amendments because of a filing deadline, noting that timing and other issues could be worked out in later committees with DLNR, OHA, and stakeholders. Both committees then voted to pass SB 3173 unamended, with one member excused in each committee.
AZ

Arizona 2026 Regular Session

02/11/2026 - House Appropriations

Appropriations

Transcript Highlights:
  • And members, just to that point, from a budget point of view in a three-year role in budget, it should
  • ...FY 27 budget done this year and focusing on getting the budget done.
  • That's what the budget should be to me.
  • But it takes 31, 16, and 1 to do a budget, and we will have a budget, and we will have those votes.
  • I promise to fight for it in the budget.