Video & Transcript : 'event subsidies' :

Page 80 of 500
AZ

Arizona 2026 Regular Session

02/11/2026 - House Ways & Means

House Ways & Means Committee of Reference

Transcript Highlights:
  • But in reality, I believe most cities—I know my city actually has a substantial subsidy to the general
  • There’s no subsidy that flows back to the general fund?
  • There was some discussion about subsidies with the enterprise operations.
Summary: The committee first heard House Bill 2780, a technical cleanup measure related to Arizona’s judicial tax lien foreclosure process. The sponsor and a witness explained that it would clarify when a foreclosure should proceed as a public sale, standardize how excess proceeds are distributed, and resolve inconsistencies left from prior reforms. Members asked about the intent to protect lienholders while ensuring former property owners can receive excess funds; the bill was then returned with a due pass recommendation on a 9-0 vote. The committee then took up House Bill 4029, as amended, which would require the Governor’s Office of Strategic Planning and Budgeting and the Joint Legislative Budget Committee to evaluate the revenue impact of federal tax conformity changes earlier in the year, and would require the Department of Revenue to issue tax forms consistent with current statute. The amendment added reporting deadlines and a trigger for the governor to assess whether a special session is needed if the revenue impact is at least $100 million. Supporters argued the bill would force earlier action on conformity and prevent tax forms from being issued based on changes not yet enacted; opponents said it added bureaucracy and could delay the long-standing practice of preparing forms based on expected conformity. The committee adopted the amendment and then approved the bill as amended on a 5-4 vote. Finally, the committee heard House Bill 4030 and the related HCR 2052, which would impose a moratorium from July 1, 2026 through June 30, 2030 on local increases in municipal and county fees, transaction privilege tax rates, and utility rates. Supporters said the measure would protect taxpayers from higher costs of living and prevent local governments from using utility rates or fees to offset other revenue needs. Opponents from cities, counties, and advocacy groups warned it could limit funding for water, wastewater, roads, public safety, and other infrastructure, especially for fast-growing or rural communities that rely on rate studies, grants, and enterprise funds. After extensive testimony and debate over municipal revenue growth, utility financing, and local control, the committee moved the bill forward; the transcript ends during the roll call and does not clearly state the final vote on HB 4030 or HCR 2052.
WA

Washington 2025-2026 Regular Session

Senate Human Services Jan 14th, 2026 at 08:00 am

Human Services

Transcript Highlights:
  • no more than 30% of their adjusted gross income toward rent, and this includes their foster care subsidy
  • is not to exceed 40% of their monthly adjusted gross income, which does include their foster care subsidy
  • is not to exceed 40% of their monthly adjusted gross income, which does include their foster care subsidy
Bills: SB5911 , SB5940 , SB5942 , SB5957
US
Transcript Highlights:
  • PLA weapons systems, a cyber army that relentlessly attacks us, subsidies for Chinese companies who dump
  • We've seen that with CCP subsidies and investment in research rising six times faster than the United
  • How do CCP state subsidies and the dumping practices that they regularly utilize distort our markets,
Summary: The meeting primarily addressed concerns regarding the impact of the Chinese Communist Party (CCP) on American investments and the financial security of retirees. The chair discussed legislation aimed at ensuring the protection of American investors against the risks posed by Chinese companies. There was a consensus among the members regarding the necessity to enforce existing policies that require compliance from foreign companies wishing to trade on American exchanges. The discussion included testimony from various stakeholders highlighting the urgent need to limit exposure to the CCP in retirement portfolios. Additionally, there were calls for increased accountability of regulatory bodies such as the SEC to better shield American investors from potential loss.
CA

California 2025-2026 Regular Session

Assembly Floor Session May 19th, 2025

California House Floor Meeting

Transcript Highlights:
  • Members, California is not new to playing host to some of the largest sports or entertainment events
  • Including participating in sporting and entertainment events.
  • Members, integrating a transit pass with your ticket to a sports or entertainment event will make it
  • Harvey Milk often marched and spoke at events that were not exclusively about gay rights.
  • These numbers will only grow as LA. major national and international events, including the 2026 FIFA
Keywords: 988, house, all
ND

North Dakota 2026 1st Special Session

Human Services Committee May 27th, 2026 at 09:00 am

Human Services

Transcript Highlights:
  • And it explicitly connects the child care licensing and subsidy, or child care assistance, as interdependent
  • On page 10, to qualify for the subsidy or child care assistance, a child must be under the age of 13
  • That would align with the Child Care and Development Fund subsidy eligibility for children under the
  • The following month, families were no longer eligible to request a subsidy for that child.
  • It would align child care assistance program subsidy eligibility with the Child Care Development Fund
Keywords: 908, all
ND

North Dakota 2026 1st Special Session

Human Services Committee May 27th, 2026

Human Services Committee

Transcript Highlights:
  • And it explicitly connects the child care licensing and subsidy, or child care assistance, as interdependent
  • On page 10, to qualify for the subsidy or child care assistance, a child must be under the age of 13
  • That would align with the Child Care and Development Fund subsidy eligibility for children under the
  • The following month, families were no longer eligible to request a subsidy for that child.
  • It would be aligning child care assistance program subsidy eligibility with the Child Care Development
Summary: The committee first approved the February 11, 2026 minutes and then received an update from the North Dakota Housing Finance Agency on the interagency council on homelessness and continuum of care funding. Testimony described rising homelessness tied to tight housing markets, low incomes, aging homelessness, barriers to rental assistance and public benefits, and limited shelter and case-management capacity. Members discussed the need for more affordable housing, continued one-time funding for the North Dakota Homeless Grant and Housing Incentive Fund, better coordination with Health and Human Services on economic assistance and human service zones, landlord engagement, recovery housing, and reentry housing. The committee also heard that federal continuum of care funding remains uncertain, with possible shifts away from permanent supportive housing and housing-first models; members asked for a future update on the impact if federal rules reduce the share available for permanent housing. The committee then took testimony on accessibility of government services for people who are blind or visually impaired. Paul Olson of North Dakota Vision Services School for the Blind described current screening and service delivery, including infant referrals, regional staff, short-term programs, and collaboration with vocational rehabilitation. He said the targeted screening system is working, recommended maintaining the current model, and noted ongoing challenges with staffing, public awareness, and accessible state websites and documents. Public testimony from a visually impaired resident and a deaf resident emphasized barriers such as CAPTCHAs, inaccessible PDFs, employment forms that screen out applicants based on driver’s license status, shortages of interpreters, and the need for video remote interpreting and video relay services, along with training for users and agencies. Finally, the committee heard a final report on the study of child care provider licensing from HHS Early Childhood Director Kay Larson. The report summarized provider input and committee discussion on simplifying North Dakota’s child care licensing structure, reducing administrative burden, and balancing that with health and safety standards. Key topics included licensing categories, child care assistance eligibility, food program sponsorship, staff qualifications, training requirements, ratios and group size, age bands, and preschool exemptions. The committee’s recommendations included streamlining to three provider types plus a preschool designation, revising ratio and age-band rules, and carrying forward certain preschool outdoor-space exemptions. Larson noted that any changes would require statutory changes, rulemaking, and a transition period before new licensing rules could take effect.
CA

California 2025-2026 Regular Session

Assembly Public Safety Committee Apr 22nd, 2025

Transcript Highlights:
  • histories can become stably housed and avoid reoffending when they have access to longer-term rental subsidies
  • Ohio, funded by the state of Ohio, called Returning Home Ohio, provides non-time-limited housing subsidies
  • The program, I mean, AB 1229 would set aside more grant funds for rental subsidies...
  • I mean, AB 1229 would set aside more grant funds for rental subsidies, more of it would set aside most
  • of the rental subsidies for housing, for permanent housing, as opposed to interim housing.
Summary: The committee heard AB 82, which would expand privacy and safety protections for patients and providers of reproductive and gender-affirming care. The author and supporters said the bill is needed because of rising harassment, doxing, and threats, and because sensitive health data could be used by hostile actors; opponents argued it would create constitutional problems, enable abuse of safe-at-home protections, and improperly shield providers and records from scrutiny. Public testimony was heavily divided, with many advocates in support and many privacy, civil liberties, and anti-trafficking or sex-based policy groups in opposition. The bill was moved on a due pass recommendation and remained on call. The committee then heard AB 331, which would clarify that county election certification is a ministerial duty, prohibit misleading ballot return envelopes, and require voter information guides to be delivered to jails in an acceptable format. The Department of Justice and several good-government groups supported the measure, the Secretary of State had no position after amendments, and a committee member noted ongoing concerns but supported it after the changes. The bill passed on a do pass recommendation to Appropriations and was placed on call. AB 1178 followed, proposing to protect undercover peace officers’ names, images, and likenesses in public records while preserving disclosure of sustained misconduct records. Law enforcement and public safety groups supported the bill as a needed safety measure, while journalists, transparency advocates, and civil liberties groups opposed it, saying existing law already protects officers and the new language could lead to overbroad withholding. After discussion about the scope of undercover status and the need for judicial discretion, the bill passed as amended to Appropriations. The committee also adopted a consent calendar. Later, AB 981 was heard, creating a five-county pilot program requiring intelligent speed assistance devices for certain reckless driving convictions. Supporters, including traffic safety advocates and crash victims, said the bill could reduce repeat speeding and save lives; opponents raised concerns about cost, installer oversight, liability for automakers, and the breadth of the pilot. The bill passed as amended to Appropriations. AB 22, which would repeal Proposition 57 and restrict release of sexually violent predators and certain sex offenders, drew strong opposition from youth justice, public defender, and civil liberties groups who said it would be unconstitutional and harmful; the chair recommended no, no motion was made, and the bill was held. Finally, AB 897, a squatter-removal bill, was presented with the author arguing it would protect property owners through a faster due-process process; the transcript cuts off during early support testimony and does not show a final action on that measure.
MD

Maryland 2026 Regular Session

House Floor Session, 4/11/2026 #1

Maryland House Floor Meeting

Transcript Highlights:
  • Senate Bill 846, Worcester County alcohol beverages temporary to-go event permit and Class C per PDM
  • the word utilities to limit income verification to the portion of rent not covered by the housing subsidy
  • and adds to the the housing subsidy and adds to the failure<00:55:18.400><c> to</c><00:55:18.559><c>
  • </c><00:55:26.640><c> Move</c><00:55:26.880><c> the</c><00:55:27.040><c> amendments</c> housing subsidy
  • Move the amendments housing subsidy. Move the amendments please. please. please.
KY

Kentucky 2026 Regular Session

House Legislative Session Day 33 (2-24-26)

Kentucky House Floor Meeting

Transcript Highlights:
  • So ultimately, this is a subsidy for the wealthiest dressed up as educational opportunity.
  • So ultimately, this is<01:32:20.560><c> a</c><01:32:20.800><c> subsidy</c><01:32:21.440><c> for</c><01
  • :32:21.679><c> the</c><01:32:21.840><c> wealthiest</c><01:32:22.719><c> dressed</c> is a subsidy for
  • the wealthiest dressed is a subsidy for the wealthiest dressed up<01:32:23.199><c> as</c><01:32:23.360
  • And in the event that we lose one of Kentucky's children ever again, true justice is done.
Keywords: 958, all
Summary: The House convened with a quorum, approved the journal, excused absent members, and suspended rules to allow co-sponsorship and vote modifications. The Senate reported passage of Senate Bills 52 and 124, and several House committees reported favorable action on bills including HB 1, HB 2, HB 94, HB 246, HB 282, HB 299, HB 307, HB 519, HB 613, and HB 648. Most of those measures were ordered to first reading and placed on the calendar; HB 1 and HB 307 were sent to the Rules Committee after having had two previous readings. The House then recessed briefly before returning to the orders of the day. The chamber took up HB 568, relating to public adjusters. The sponsor explained that the bill would prohibit new public adjuster licenses, allow current licensees to renew, impose conflict-of-interest and contract requirements, set a 5% fee cap, and bar public adjusters from negotiating claims, citing consumer protection concerns and legal opinions about the practice of law. After debate and a brief explanation of vote from a member citing local storm-related abuses, the House voted on roll call and passed HB 568 with one nay vote. The House then considered HB 1, which would opt Kentucky into the federal education freedom tax credit program. Supporters said it would allow private donations to scholarship-granting organizations to benefit Kentucky students without using state general funds, and argued it could help public, private, and homeschool families with education-related expenses. Opponents criticized the speed of the process, warned it could open the door to vouchers and charters, and argued it would mainly benefit wealthier donors while public schools remain underfunded. Members also questioned the bill’s waiver of 11th Amendment immunity and received explanations that the waiver was limited to federal-court jurisdiction over the federal program and would not create individual liability for state actors. A motion to table the bill failed with 19 votes in favor, and debate continued.
HI
Transcript Highlights:
  • The meeting is being streamed live on YouTube in the unlikely event that we have to abruptly end this
  • It has a much deeper subsidy. It comes with veteran services and a case worker.
  • It has a much deeper subsidy. It comes with veteran services and a case worker.
  • It has a much deeper subsidy. It comes with veteran services and a case worker.
  • It has a much deeper subsidy. It comes with veteran services and a case worker.
Keywords: 912, senate, all
Summary: The joint Housing and Public Safety/Water and Land hearing first took up HB 1096, which would repeal statutory tenant-selection preferences for disabled veterans and spouses of deceased veterans in state low-income housing. HPHA testified in support, saying the change was a housekeeping measure because the same preferences already exist in administrative rules and could be adjusted later to align with other local preferences, while also noting the federal VASH program provides stronger veteran housing support. Several members questioned why the preference should be removed at all, emphasizing that veterans have long been underserved and asking for a stronger justification; the committees ultimately deferred HB 1096. The later Housing/Hawaiian Affairs agenda heard HB 606 HD1, a measure to extend Act 279 funding and related exemptions for the Department of Hawaiian Home Lands. Supporters argued the bill would give DHHL more time to use the $600 million appropriation to acquire land, work with developers, and address a wait list of about 29,000 applicants, while also helping restore Hawaiian communities and reduce the Hawaiian diaspora. Opponents focused on accountability and oversight, saying DHHL needs clearer plans, measurable goals, and stronger safeguards before receiving more money, and warning that prior spending and strategic-plan changes had reduced the number of applicants served. The committee also heard testimony that the bill would help DHHL fulfill long-standing obligations to Native Hawaiians and that the housing need affects the broader state, not only Hawaiian Home Lands beneficiaries.
TX

Texas 89th Regular

Public Health Mar 31st, 2025

Public Health

Transcript Highlights:
  • Some producers may not want to bring extra product. in the event that it does not sell, or they may not
  • However, I receive a subsidy from my... County and my hospital district until last year.
  • So we are heavily reliant upon our local governments and subsidies for funding.
  • Unfortunately, in some severe cases, strangulation occurs in that traumatic event.
  • Within five days of that event.
Committee: House Public Health
MN

Minnesota 2025-2026 Regular Session

House Taxes Committee 3/5/26

Taxes

Transcript Highlights:
  • shift millions of dollars of cost onto state and county governments um all to fund corporate tax subsidies
  • shift millions of dollars of cost onto state and county governments um all to fund corporate tax subsidies
  • shift millions of dollars of cost onto state and county governments um all to fund corporate tax subsidies
  • shift millions of dollars of cost onto state and county governments um all to fund corporate tax subsidies
  • and um tax fund corporate tax subsidies and um tax cuts<00:58:53.839><c> for</c><00:58:54.079><c> for
Bills: HF3396
Committee: House Taxes
MN

Minnesota 2025-2026 Regular Session

Committee on Energy, Utilities, Environment, and Climate - 01/22/25

Energy, Utilities, Environment, and Climate

Transcript Highlights:
  • As a sidebar, the tax subsidies have resulted in less net loss to Georgia to the point where the Georgia
  • As a sidebar, the tax subsidies have resulted in less net loss to Georgia to the point where the Georgia
  • As a sidebar, the tax subsidies have resulted in less net loss to Georgia to the point where the Georgia
  • As a sidebar, the tax subsidies have resulted in less net loss to Georgia to the point where the Georgia
  • As a sidebar, the tax subsidies have resulted in less net loss to Georgia to the point where the Georgia
Keywords: 1187, senate, all
CA
Transcript Highlights:
  • In any event, do we have me-toes in the audience in favor? Good morning.
  • But in any event, I share the concerns, whether it's on roads, whether it's on trails.
  • In any event, three years is incredible.
  • In any event, three years is incredible.
  • The need for this action is underscored by recent events.
Summary: The committee heard several water, wildlife, and land-use bills. AB 2218 by Assembly Member Calóra would establish a state policy directing agencies to recognize and address water-related inequities affecting tribes; tribal supporters said it is a needed step toward restoring a voice at the table, while water agencies and local government groups opposed it as vague and potentially harmful to water supply reliability. The bill was amended in committee and moved forward on a vote, though it was left on call. AB 2032 by Assembly Member Ransom, the Golden Mussel Response Act, would speed agency response to the invasive golden mussel by streamlining permits and research; it drew broad support and no opposition, and passed the committee unanimously to Environmental Safety and Toxic Materials. AB 1712 by Assembly Member Pacheco would let Santa Fe Springs sell its small, contaminated water system through a protest process instead of a municipal election; supporters said it would avoid major rate hikes and improve reliability, and it was moved to Appropriations, though the vote was left on call. The committee also considered AB 1722 by Assembly Member Hadwick, which would create a clearer self-defense exception under the California Endangered Species Act for people facing dangerous predators. The author and a sheriff described a fatal mountain lion attack and argued rural residents need certainty; Defenders of Wildlife withdrew opposition after committee amendments, and the bill advanced to Judiciary on a vote that was left on call. AB 1613 by Assembly Member Wilson would require an off-highway vehicle safety and stewardship certification course before operating OHVs on public lands starting in 2029. Supporters said it would reduce accidents and educate new riders, while Vice Chair Gonzalez raised concerns about fees, penalties, tourism, and impacts on low-income residents in his district; the bill passed on a split vote and was left on call. Later, AB 1808 by Assembly Member Carrillo would expand local permitting authority for Western Joshua tree projects and reduce or waive some fees for homeowners and public works. Supporters framed it as a way to balance conservation with housing and infrastructure needs, while environmental groups opposed changes they said would weaken avoidance and mitigation protections; the bill passed to Natural Resources and was left on call. AB 1894 by Assembly Member Rubio would address imported water deliveries and groundwater recharge in the context of golden mussel restrictions, with supporters arguing for a statewide, science-based approach that preserves water reliability; it advanced to Appropriations with no opposition. Throughout the hearing, members repeatedly emphasized the need to balance competing interests, especially around water reliability, tribal equity, public safety, and environmental protection.
NH

New Hampshire 2026 Regular Session

House Science, Technology and Energy (04/13/2026)

Science, Technology and Energy

Transcript Highlights:
  • And it was also clear the DOE said as written the bill was unworkable. subsidy that the largecale uh
  • users will subsidy that the largecale uh users will get<01:30:23.600><c> is</c><01:30:23.920><c> going
  • Uh, this would be obviously they want something out of this, which obviously implies a subsidy.
  • </c> this which obviously implies a subsidy. this which obviously implies a subsidy.
  • Uh, I'm wondering if you addressed the issue of backflow in the event of power being out and alignment
Keywords: 1189, house, all
AZ

Arizona 2026 Regular Session

03/24/2026 - House Commerce

House Commerce Committee of Reference

Transcript Highlights:
  • insured that the adjuster represents the insured while the property is experiencing a loss-producing event
  • person that the person sign an agreement for work on property that is experiencing a loss-producing event
  • to get out of, or prevents, a contract with an adjuster from being signed at the time of the storm event
  • public benefits and the reason why we would like to see this bill is because this is basically a subsidy
  • In my district, a couple of weeks ago, I was at an event and I was actually trying to get signatures
Summary: The committee took up a series of Senate bills, beginning with SB 1421, a contentious measure restricting financial institutions and check cashers from accepting certain identification from unauthorized immigrants and limiting remittance transfers without proof of lawful status. An attempted strike-everything amendment by Rep. Villegas would have redirected the bill to authorize tax-deeded property sales for affordable housing, but the committee rejected that amendment. After public testimony both for and against the underlying bill, the committee voted 6-2 to give SB 1421 a due pass recommendation. The committee then approved SB 1254, which revises Industrial Commission of Arizona statutes, including renaming certain positions, shifting boiler and elevator oversight, and requiring fee schedules to be posted online. It also passed SB 1515, which creates a public safety parity fund for retention pay and benefits for DPS and corrections employees using investment earnings from the budget stabilization fund; supporters cited vacancies, turnover, and pay gaps, while opponents argued the state should fund raises through the general fund. Both bills received due pass recommendations after amendment adoption and roll call votes. Other measures considered included SB 1206, which restricts adjusters and contractors from soliciting work during active loss events or emergency responses, with an exception for essential services; SB 1563, which continues the Barbering and Cosmetology Board and lowers certain fee caps; and SB 1649, which creates a digital assets reserve fund, though an amendment to turn it into a transparency measure on employers receiving public assistance was rejected. The committee also passed SB 1290 after rejecting an amendment on emergency price controls and adopting a Carter amendment clarifying HOA executive sessions may be closed only for discussion without action; testimony on that bill focused heavily on HOA transparency versus privacy concerns. Finally, the committee approved SB 1670, a contractor licensing preemption bill, and SB 1671, which continues the Department of Gaming and related commissions and updates reporting and conflict-of-interest requirements, with the department supporting the continuation and amendment language.
WA

Washington 2025-2026 Regular Session

Senate Floor Session Jan 28th, 2026 at 12:30 pm

Washington Senate Floor Meeting

Transcript Highlights:
  • DUI is a serious event, a serious business, and I'm not minimizing, trivializing, or not addressing it
  • I mean, we have a semi-quincentennial event coming up. It would be...
  • I mean, we have a semi-quincentennial event coming up.
  • I've absolutely enjoyed working with Senator Muzzall on this because he and I have gone to a few events
  • Never in the course of human events has civility been so close to not happening as you had noticed, Mr
Summary: The Senate opened with a ceremonial welcome for the Washington National Guard, including a color guard, prayer, and a resolution recognizing the Guard’s service. Senate Resolution 8668 was adopted unanimously, with members praising the Guard’s flood response, election support, counterdrug work, youth programs, and community assistance. The Senate also confirmed three gubernatorial appointments to college boards of trustees: Ann M. McQuaid to Bellingham Technical College, Eliza Munoz Estee to Grays Harbor College, and Felicia Hancock-Lewis to Wenatchee Valley College, each by unanimous or near-unanimous roll call votes. On legislation, the Senate passed Engrossed Substitute Senate Bill 5865 on garnishment forms after adopting an amendment delaying the effective date to May 1, 2027. The chamber also passed Substitute Senate Bill 5855 on law enforcement face coverings after rejecting several amendments that would have broadened or clarified exceptions, including proposals related to timing after transport, warrants, and other scenarios. Debate centered on federal immigration enforcement, public safety, accountability, and whether the bill would affect local law enforcement; the bill ultimately passed on a 30-19 vote. The Senate then passed Second Engrossed Substitute Senate Bill 5105, with a technical amendment, to address explicit depictions of minors and AI-generated or altered child sexual abuse material. It also passed Second Engrossed Substitute Senate Bill 5268, updating community custody provisions for unlawful firearm possession after a date-fixing amendment. Engrossed Senate Bill 5081, revising unattended motor vehicle rules for remote starts, passed unanimously. Senate Joint Memorial 8002, urging action on Medicare Advantage overpayments and fraud and supporting original Medicare, also passed unanimously. Finally, the Senate advanced Substitute Senate Bill 5067, lowering the DUI blood alcohol threshold from 0.08 to 0.05. Supporters framed it as a public safety measure to reduce impaired driving, while opponents argued it would have limited effect and that enforcement and staffing issues were more important. The bill was debated at length and then passed 38-11.
WA

Washington 2025-2026 Regular Session

House Appropriations Feb 19th, 2026 at 04:00 pm

Appropriations

Transcript Highlights:
  • While federal CMS guidelines support this transition with an annual $3.4 million subsidy, Washington
Bills: SB6103
NH

New Hampshire 2026 Regular Session

Senate Education (03/31/2026)

Education

Transcript Highlights:
  • to you about is that I am not sure that this legislation would truly give us that authority in the event
  • But it would certainly be more clear, and in the event of a future conflict, if the power were listed
  • of a future conflict if the in the event of a future conflict if the power<00:21:18.400><c> were</c>
  • There's a question of subsidy, which I'm sure you're aware of. So, can you talk me through that?
  • So, can you aware of of us of a subsidy.
Committee: Senate Education
Keywords: 1191, senate, all
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Ways and Means Jun 21st, 2026 at 12:00 pm

Joint Committee on Ways and Means

Transcript Highlights:
  • targeted outreach to support entrepreneurs who are women and people of color and conducted 38 outreach events
  • And so it was great to hear that the ABCC, although a lean operation, has been doing these events and
  • and urging us to soften the impact somehow on what we expect to happen, whether it's the ACA tax subsidies
Keywords: 995, all
Summary: The Senate and House Ways and Means chairs opened the FY 2027 consensus revenue hearing by emphasizing the need for a balanced, fiscally responsible budget amid federal funding cuts, health care cost pressures, and uncertainty around the federal tax law changes referred to as OB3. They also noted the state’s current revenue performance is slightly above benchmark and paid tribute to the late Representative Anne Margaret Ferranti. Secretary of Administration and Finance Matthew Gorkowitz echoed the call for caution, saying Massachusetts has protected core services while building reserves and that the FY27 budget process begins with a careful revenue estimate. Department of Revenue Commissioner Jeff Snyder, along with DOR staff, presented FY26 and FY27 tax forecasts and identified major drivers and risks: OB3’s negative impact on state revenue, surtax collections, labor market conditions, capital gains, and corporate/business excise taxes. DOR estimated OB3 would reduce FY26 revenue by about $664 million and FY27 by about $282 million, while surtax and capital gains were expected to remain strong in FY26 but soften in FY27. Members questioned the outlook for surtax, capital gains, and the potential fiscal effect of a ballot question reducing the income tax rate from 5% to 4%; DOR said that proposal could cost roughly $4.2 billion to $4.8 billion annually, with a smaller but still significant impact in FY27 because of phase-in timing. Treasurer Deb Goldberg testified next on the stabilization fund, lottery, PRIM, unclaimed property, and the Alcoholic Beverages Control Commission. She reported the rainy day fund at about $8.1 billion, said the lottery was on track for $1.5 billion in FY26 net profit and projected $1.25 billion in FY27, and highlighted that iLottery is expected to launch in summer 2026 with revenue beginning in FY27 and dedicated to child care initiatives. She also described strong PRIM performance and record unclaimed property returns, while members asked about the child care use of iLottery revenue, multilingual outreach, and the economic impact of expanded liquor licensing. Mass Taxpayers Foundation President Doug Howgate and Tufts’ Evan Horowitz then offered differing revenue outlooks and policy warnings. Howgate projected modest growth, cautioned against overusing reserves for ongoing obligations, and urged caution on federal tax conformity changes and health care spending pressures. Horowitz projected higher FY26 and FY27 revenues than other witnesses, warned that the surtax and capital gains make the tax system more volatile, and said a 4% income tax ballot question could reduce FY27 revenues by roughly $800 million to $1 billion. He also flagged the rent control ballot question as a potential risk to municipal finance and suggested the state consider giving a permanent home to the independent revenue model used by Alan Clayton-Matthews.