Video & Transcript Research : 'foreclosure surplus'

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MN

Minnesota 2025-2026 Regular Session

Gov. Tim Walz's State of the State address (speech only) 4/23/25

Minnesota House Floor Meeting

Transcript Highlights:
  • We'd have a surplus after this year. The wave won't crash this year, but it will crash.
Keywords: 1183, house
TX

Texas 89th 2nd C.S.

Higher Education Apr 15th, 2025

Higher Education

Transcript Highlights:
  • revenue that even in years, and heaven forbid, when the legislator does not have a multi-billion dollar surplus
NM

New Mexico 2025 Regular Session

House - Appropriations and Finance Jan 28th, 2025

House Appropriations & Finance

Transcript Highlights:
  • Are there any community contributions during that time when there's a surplus of people?
TX

Texas 89th 2nd C.S.

Opening Ceremonies of the 89th Legislature Jan 14th, 2025

Texas House Floor Meeting

Transcript Highlights:
  • We deserve good pay for hard work, yet in the midst of an abundant surplus, we are surrounded by scarcity
TX

Texas 89th Regular

Opening Ceremonies of the 89th Legislature Jan 14th, 2025

Texas House Floor Meeting

Transcript Highlights:
  • Yet, in the midst of an abundant surplus, we are surrounded by scarcity.
Keywords: 1184, house, all
NH

New Hampshire 2025 Regular Session

House Science, Technology and Energy (01/14/2025)

Science, Technology and Energy

Transcript Highlights:
  • So maybe the surplus offshore wind, as one example, could be used for that purpose.
  • So maybe the surplus offshore wind, as one example, could be used for that purpose.
  • So maybe the surplus offshore wind, as one example, could be used for that purpose.
  • So maybe the surplus offshore wind, as one example, could be used for that purpose.
  • um offshore wind as so maybe the Surplus um offshore wind as one<04:42:51.120> example<04:42:
Keywords: 1189, house, all
NH

New Hampshire 2025 Regular Session

Senate Education (04/22/2025)

Education

Transcript Highlights:
  • The education fund had a surplus of over $4 million with their universal program in place.
  • The education fund had a surplus of over $4 million with their universal program in place.
  • Um the education fund had a surplus<03:25:03.840> of<03:25:04.080> over<03:25:04.399>
  • > $4<03:25:05.080> million<03:25:06.080> with<03:25:06.399> their surplus of
  • over $4 million with their surplus of over $4 million with their universal<03:25:07.279> program<
Keywords: 1191, senate, all
TX
Transcript Highlights:
  • We also strategically held back on spending all of the surplus, which leaves us with another sizable
  • Following its establishment, the remaining funds, $2.4 million, were deemed surplus.
  • Following its establishment, the remaining funds, $2.4 million, were deemed surplus.
  • There is the legislature increased juror pay last session and really leading up to this point, those surplus
  • It's crucial that we address this funding gap. surplus budgets did not exist anymore.
Bills: SB 1
NH

New Hampshire 2025 Regular Session

House Education Funding (01/24/2025)

Transcript Highlights:
  • Otherwise, my understanding was that we can't put the surplus that we had in the education trust fund
  • understanding was that we can't put I my understanding was that we can't put the<00:06:28.120> Surplus
  • <00:06:28.880> that<00:06:29.039> we<00:06:29.199> had the Surplus that we had
  • the Surplus that we had bu<00:06:30.400> in<00:06:30.639> the<00:06:30.919> education
  • Otherwise, my understanding was that we can't put the surplus that we had in the education trust fund
Keywords: 928, house, all
Summary: The committee first heard HB 295, which would make school building aid funds non-lapsing/non-APS. Representative Cahill said the bill was intended to keep any unused building aid money available for future projects, potentially helping move projects up the priority list or provide a little more funding for school construction. Members asked about how much money has lapsed in past years, whether the education trust fund and building aid are separate, and whether any lapsing dollars could be used to pay down debt. Department of Education official Jim Carney said about $29.1 million would be available if building aid is funded to the $50 million maximum in FY26, confirmed that the fund currently lapses, and said the department would gather historical lapse data. Committee members also discussed whether a dedicated fund structure could achieve the same goal, and the chair noted that the education trust fund statute includes school building aid as one of its uses. No vote was taken; the hearing was closed and the committee said it would later hold a work session after receiving more information. The committee then took up HB 237, introduced by Representative Dan McGuire, which would prohibit the use of special education state funds and differentiated aid for students not receiving special education services. The New Hampshire School Boards Association, through Becky Wilson, opposed the bill as written, saying it was unclear, potentially unnecessary, and difficult to implement because adequacy and differentiated aid are distributed as part of a districtwide lump sum rather than as student-specific dollars. She explained that special education costs are embedded across district budgets, including staffing, training, transportation, and instruction, and that some staff and services benefit both special education and general education students. Wilson also said differentiated aid is not tied to a specific pupil and is used at the district’s discretion, though it is intended to support students with greater needs. Committee members pressed on whether the bill would require districts to track money by individual student, whether it could conflict with federal special education law, and whether it would affect least restrictive environment requirements. Wilson said making the funds student-specific could create privacy and accounting problems and could make it difficult to staff inclusive classrooms, though she did not give a definitive legal opinion on federal compliance. She agreed that students who are not eligible for special education would not be included in the separate catastrophic/special education aid reimbursement program. The discussion continued into the second section of the bill, with members exploring how adequacy aid and differentiated aid are used in practice, but no action was taken during the portion provided.
MN

Minnesota 2025-2026 Regular Session

House Environment and Natural Resources Finance and Policy Committee 3/10/26

Environment and Natural Resources Finance and Policy

Transcript Highlights:
  • c><01:37:22.639> an<01:37:22.800> $18<01:37:23.199> billion<01:37:23.679> surplus
  • ,<01:37:24.159> but<01:37:24.320> it what was an $18 billion surplus, but it what was
  • an $18 billion surplus, but it is<01:37:24.639> what<01:37:24.800> it<01:37:24.960>
MN
Transcript Highlights:
  • spending too much money, much like the state of Minnesota, which, by the way, had an $18 billion surplus
  • And that’s why we need to be accountable for that. a $18 billion surplus and then as the a $18 billion
  • surplus and then as the trifecta<01:02:07.839> came<01:02:08.000> in<01:02:08.240>
Keywords: 1187, senate, all
MN

Minnesota 2025-2026 Regular Session

Committee on Health and Human Services - 03/05/25

Health and Human Services

Transcript Highlights:
  • All those costs—those grants in there are meant to come out of the surplus, the money we save from doing
  • All those costs—those grants in there are meant to come out of the surplus, the money we save from doing
  • Out of the surplus, the money we save from doing this.
Keywords: 1187, senate, all
MN

Minnesota 2025-2026 Regular Session

House Taxes Committee 2/12/25

Taxes

Transcript Highlights:
  • over8 people's money um you look at the over8 billion<01:36:41.080> dollar<01:36:41.360> Surplus
  • that<01:36:41.960> we<01:36:42.159> had<01:36:43.000> and billion dollar Surplus
  • that we had and billion dollar Surplus that we had and we<01:36:43.280> increased<01:36:43.960
Keywords: 1183, house
TX
Transcript Highlights:
  • I think in times like these, when the state is doing well financially, when we have a surplus, it's wise
  • I think in times like these, when the state is doing well financially, when we have a surplus, it's wise
  • I think in times like these, when the state is doing well financially, when we have a surplus, it's wise
Summary: The Senate Finance Committee heard the Legislative Budget Board’s overview of the Texas Department of Public Safety’s 2026-27 budget, followed by extensive testimony from DPS leadership. The LBB presentation covered funding and staffing changes across driver license services, facilities, troopers and recruit schools, crime labs, vehicle and aircraft operations, and border security. The recommendations included added support for customer service staffing and trooper hiring, but did not include several DPS exceptional items such as major driver license staffing and technology requests, new regional headquarters in El Paso and San Antonio, and other capital projects. Members also discussed proposed rider changes, including a new rider to lapse unused trooper funding and require reporting after recruit schools. Much of the committee’s questioning focused on driver license operations, where senators criticized long call wait times, low call-answer rates, appointment delays, and what they viewed as an overreliance on adding staff rather than improving processes. DPS and LBB witnesses said the agency is pursuing some technology upgrades, including automation, online pre-population of applications, and appointment-system improvements, but acknowledged that the driver license division remains a major problem area. Senators also raised concerns about whether the 2019 efficiency study led to meaningful changes and whether the agency should consider broader process redesign or even a different administrative structure. Colonel Freeman and other DPS officials then defended the agency’s broader law enforcement and border-security work, emphasizing the need for the Williamson County training academy, the 500 additional troopers funded in prior sessions, and continued support for Operation Lone Star. They described DPS’s role in border interdiction, threat-to-life investigations, oilfield theft cases, Capitol and Alamo security, and highway safety, and said the agency is stretched thin by deployments and overtime. Members asked about border reimbursement possibilities, regional staffing differences, pursuit safety, fleet and aircraft replacement needs, and the Texas Ranger Hall of Fame museum. No votes or formal actions were taken in the portion provided.
MN

Minnesota 2025-2026 Regular Session

House State Government Finance and Policy Committee 1/16/25

State Government Finance and Policy

Transcript Highlights:
  • They manage fleet services, surplus property.
  • They manage fleet services, surplus property.
  • They manage fleet services, surplus property.
Keywords: 1183, house
Summary: The committee met on January 16, 2025, for an organizational and informational session. Members and staff introduced themselves, and Chair Jim Nash reviewed committee expectations, including that nonpartisan staff are to be used for factual information rather than political arguments. He also noted the committee rules were a blend of prior chairs’ rules and would be posted without a vote. Helen Roberts of House Fiscal gave a high-level overview of the committee’s jurisdiction and budget structure. She explained that the State Government Finance Committee oversees funding for major administrative agencies, the legislature, constitutional offices, and several boards, councils, and commissions. She emphasized that the committee’s general fund base for fiscal years 2026-27 is about $1.31 billion, less than 2% of the state general fund, and that the largest pieces are the Department of Revenue, the legislature, and pension aids. She also described how all-funds presentations differ from general fund views, highlighting internal service funds such as Minnesota IT Services, Department of Administration services, and other chargeback or reimbursement arrangements. Members asked questions about House and Senate budgets, debt service related to the Capitol Area building project and move costs, and how Minnesota IT Services is funded through fee-for-service chargebacks. Colby Sullivan of House Research then summarized a memo in the packet that outlines the entities within the committee’s jurisdiction and the constitutional and statutory provisions governing them. He pointed members to the memo as a reference and noted that the committee also has jurisdiction over the Legislative Coordinating Commission, the legislative auditor, the legislative reference library, the reviser of statutes, the Secretary of State’s budget and certain duties, and three gambling-related agencies, though gambling policy itself is generally handled by another committee. He offered to help members with bill drafting and amendments and to provide a linked electronic version of the memo. The Office of the Legislative Auditor then began an overview of its work. Legislative Auditor Judy Randall explained that the office is nonpartisan, serves all 201 legislators, and provides oversight through financial audits, program evaluations, and special reviews focused on state funds. She distinguished the Legislative Auditor from the State Auditor, noting that the State Auditor is an elected constitutional officer who focuses on county and local government funds. Randall said the office would also present a deep dive into its November performance audit of the Minnesota State Lottery. No votes or formal actions were taken during the meeting.
SC

South Carolina 2025-2026 Regular Session

Healthcare and Regulatory Subcommittee Jun 24th, 2026

Transcript Highlights:
  • you be able to be prepared for those rainy days because it's not raining in South Carolina with the surplus
  • accountant in GFM whose responsibility is to track fixed assets, manage inventory controls, support surplus
Keywords: 977, all
Summary: The committee met to receive a detailed financial operations presentation from the South Carolina Vocational Rehabilitation (VR) agency, with staff walking members through funding sources, budgeting, accounts receivable, accounts payable, and grants management. Sabrina Walker explained VR’s blended funding structure, including federal grants, state appropriations, program income, and interagency contracts, and emphasized that state funds are essential to meeting the federal match and maintenance-of-effort requirements. Members asked repeatedly about transparency, audit controls, and the risk that state cuts could reduce federal drawdowns; staff responded that all reports reconcile back to the SCEIS accounting system, are subject to state audits and internal reviews, and that even modest state reductions could significantly reduce total available funding. The committee also discussed pre-employment transition services for students with disabilities, with staff confirming services are offered through school districts, charters, and private schools, and that contracts are monitored for performance and compliance. The presentation then shifted to budgeting and internal controls. Walker described a zero-based departmental budgeting process, monthly monitoring reports, contingency reserves for unexpected expenses, and a formal annual cycle that culminates in board approval. Members asked about facilities tracking, culture, and how the agency maintains accountability; staff said facilities staff inspect buildings and equipment, supervisors justify line-item requests, and the process has become smoother over time as departments learned the system. Cynthia Johnson followed with an accounts receivable overview, describing invoicing, receipting, aging, customer verification, year-end reporting, and the use of cross-training, shared email inboxes, and spreadsheets as checks and balances. She also explained work training center billing, interdepartmental transfers, and the revolving fund used to issue consumer checks more quickly than standard vendor payments. Olivia Perez presented accounts payable operations, including invoice processing through SCEIS and OnBase, the three-way match, travel reimbursements, revolving fund checks, State Treasury Office interactions, and handling of reversals, rejections, and levy notices. She reported that AP processed 67,723 SCEIS payments, 13,670 case management system invoices, 3,379 travel reimbursements, and 15,693 revolving fund checks in fiscal year 2025, with only 70 payment rejections. The final portion of the meeting covered Grants and Funds Management, where Walker explained federal reporting, drawdowns, payroll allocation, asset tracking, lease and IT contract reviews, cost allocation, and closing packages. She noted upcoming system changes such as S/4HANA, Workiva, and SC Pro, but said the agency is receiving training and feedback opportunities. No formal votes or legislative actions were taken during the presentation portion beyond approval of the prior minutes and a brief recess.
CA

California 2025-2026 Regular Session

Assembly Utilities and Energy Committee Jun 24th, 2026

Utilities and Energy

Transcript Highlights:
  • And I think we should look at if we do have a big surplus next year after certain IPOs, we should look
  • And, you know, and I think we should look at if we do have a big surplus next year after certain IPOs
Keywords: 988, house, all
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Economic Development and Emerging Technologies Jun 21st, 2026 at 12:30 pm

Joint Committee on Economic Development and Emerging Technologies

Transcript Highlights:
  • We're only using $200 million of what is probably about a $1.5 billion surplus, which will come back
  • We're only using $200 million of what is probably about a $1.5 billion surplus, which will come back
Keywords: 995, all
Summary: The committee on Economic Development held a hearing on the DRIVE Act, a proposal to invest $400 million in Massachusetts research and innovation without new taxes. Governor Healey and administration officials said the bill would direct $200 million to public higher education research and regional partnerships and $200 million to a research funding pool for hospitals, universities, and other institutions, with the goal of retaining talent, leveraging private and philanthropic dollars, and offsetting major federal R&D cuts. They argued that research is a core economic engine for the state, supporting jobs across labs, construction, services, and surrounding businesses, and said the bill would help protect the Commonwealth’s tax base and competitiveness during a period of federal uncertainty and cuts to SNAP, Medicaid, and other programs. Committee members raised concerns about whether Fair Share surtax dollars should instead be used for K-12 and other community needs, whether the proposal is enough given the scale of lost federal grants, and how the money would be allocated. The governor responded that the funds are one-time surplus dollars, that most surtax revenue already supports education, and that the bill is meant as a bridge to stabilize public higher education and research. She also said the legislation includes a review board and could support a revolving or matched-fund approach in some cases. Several members pressed for more detail on selection criteria, future funding, and whether private companies and large endowments should contribute more. University of Massachusetts leaders and researchers testified that federal grant cancellations and delays are already causing layoffs, furloughs, rescinded admissions, and lost research capacity. UMass officials said the bill would help preserve faculty, postdocs, graduate students, and research programs in medicine, climate science, marine science, Braille instruction, and AI decision-making. They emphasized that the funding should be merit-based and that the state needs to act quickly to prevent talent from leaving Massachusetts. Business, labor, and industry groups, including MassBio, the Massachusetts Taxpayers Foundation, AIM, the AFL-CIO, and Building Trades, supported the bill, saying it would protect jobs, sustain the innovation ecosystem, and reinforce Massachusetts’ national leadership in research and life sciences. No vote was taken in the hearing.
MA
Transcript Highlights:
  • I don't think that they are services that will necessarily result in an operating surplus that could
  • I don't think that they are services that will necessarily result in an operating surplus that could
Keywords: 995, all
Summary: The special legislative commission on the future of Pappas Rehabilitation Hospital for Children held a hybrid public hearing focused on the hospital’s future, admissions, staffing, infrastructure, and whether the facility should be preserved, expanded, or reimagined. Opening remarks from legislators, commissioners, parents, and union representatives emphasized that Pappas provides a unique combination of medical, rehabilitative, educational, and residential services for children with complex needs, and several speakers argued that the hospital is effectively being depopulated through reduced admissions and ongoing discharges despite public assurances that it remains open. Multiple speakers urged the commission to extend its authorization and continue its work before any closure or major change can occur. Testimony from labor leaders, including AFSCME, SEIU Local 509, and the Massachusetts Nurses Association, described a “silent closure” in practice, with staff reporting confusion about the hospital’s status, declining census numbers, blocked admissions, and uncertainty about the workforce’s future. They called for immediate action to stop admission denials and unnecessary discharges, and some proposed short-term solutions such as temporary modular structures to address infrastructure barriers and allow admissions to resume. Parents and former patients testified that Pappas provided life-changing independence, specialized therapy, and campus-based supports that they said could not be replicated elsewhere, and they criticized alternative placements as inadequate. Commissioner Robert Goldstein of the Department of Public Health said the administration supports keeping Pappas open and funded while the commission works, but he argued that admissions must comply with hospital-level-of-care rules and that the campus’s deteriorating infrastructure limits the kinds of children who can safely be served there. He said the department is continuing admissions for appropriate patients, working to expand outreach and services, and exploring long-term options, including broader statewide models of care. Commissioners pressed him on whether discharge status or lack of a clear discharge plan had been used as a barrier to admission, and requested de-identified data on patients recommended for admission but denied. No formal votes were taken during the hearing.