Transcript Highlights:

• Okay, so we have one person on finance on this committee.
• Are there here, send it to finance.
• or anybody on finance on this committee?
• one person on finance on this committee. one person on finance on this committee.
• big budget bill that Senator Marty in finance.

Keywords: 1187, senate, all

Transcript Highlights:

• Kayla Lam, Department of Finance.
• Department of Finance, do you have any comment? Kayla Lamb, Department of Finance: Nothing to add.
• Does the Department of Finance? Thank you. Does the Department of Finance wish to comment?
• Department of Finance. Any comments? Brian Bender, Department of Finance.
• Department of Finance? Any comments?

Summary: The subcommittee heard presentations on several GovOps-related budget proposals, beginning with ongoing funding for the California Education Learning Lab. The Learning Lab described its intersegmental grants to UC, CSU, and community college faculty, including AI-related work and a math alignment project, and said the Governor’s proposal would move the program’s home agency to GovOps and restore $4 million annually. The Department of Finance supported the proposal as a way to improve coordination, while the LAO recommended rejecting it, arguing the projects are hard to scale, similar professional development already exists in the segments, and the state should consider saving General Fund dollars. Senators split on the value of the program, with some emphasizing innovation and intersegmental collaboration and others questioning its measurable long-term impact; the item was held open. The committee then reviewed the Office of Civil Rights proposal to implement AB 715 and SB 48 with $3.5 million in 2026-27 and $2.8 million ongoing. GovOps said the office had been set up administratively, positions were being recruited, and it would provide training, technical assistance, and complaint review related to anti-Semitism and other discrimination in TK-12 schools. The LAO had no concerns, but senators raised substantial questions about the office’s placement in GovOps, the lack of guidance while the laws are being implemented, the use of gubernatorial appointees, and whether the staffing structure matches the likely workload across different discrimination categories. GovOps said it would develop guidance, coordinate with CDE, and shift resources as needed once staff are hired, but several members said they were not prepared to support the item as presented; it was also held open. After public comment supporting the California Education Interagency Council, the subcommittee approved vote-only items 11 through 17 and 6 through 10. It then heard from the Office of Data and Innovation on a request for five positions and $1.25 million in reimbursement authority to expand digital service delivery work. ODI described projects such as reducing unauthorized EBT theft and forecasting community water system outages, and said it uses guardrails and contracts to protect sensitive data when working with vendor AI services. The LAO had no concerns, and members generally praised ODI’s small, high-impact role; the item was held open. Finally, the Department of Technology presented on the Middle-Mile Broadband Initiative, reporting that 423 miles are complete, more than 70% of the network has been permitted, and about 5,300 miles are expected to be completed by December 2026, with some work potentially slipping into 2027. CDT said Skyline Technology Solutions had been selected to operate the network and that the third-party administrator, Golden State Net, would continue to support development and later help oversee operations and sales. The LAO noted the project’s progress but raised concerns about the novel three-party structure, accountability, and long-term financial sustainability. Senators questioned the legal basis for the operator arrangement, the revenue outlook, reporting to the Legislature, and whether the network will be self-sustaining; CDT said it expects revenues to cover operations over time and will continue annual and quarterly reporting. The item was left open.

Transcript Highlights:

• Let's go on to the method of finance. Thank you, Mr. Chair.
• Under item B, you have five methods of finance for your review today.
• First, you'll see the letter from the Department of Finance. Finance for your review today.
• The first two methods of finance are with ASU Jonesboro.
• Once they tripped that $250,000, they provide the method of finance.

Keywords: 1204, all

Transcript Highlights:

• bill for an act relating to housing, establishing a supplemental budget for the Minnesota Housing Finance
• President, members, the Housing Finance and Policy Conference Committee report before us today is somewhat
• President members,<00:01:13.680> the<00:01:13.800> Housing<00:01:14.160> Finance
• the Minnesota Housing Finance Agency. the Minnesota Housing Finance Agency.
• Minnesota Housing Finance Agency. Minnesota Housing Finance Agency.

Keywords: 1187, senate, all

Transcript Highlights:

• Senate Bill 472, introduced by the Committee on Finance, makes appropriations to the Nevada System of
• Senate Bill 478, introduced by the Committee on Finance, makes appropriations to the Supreme Court in
• appropriations made to the Office of Finance in the Office of the Governor.
• The date of a version of certain previous appropriations made to the Office of Finance in the Office
• Senate Bill 480, introduced by the Committee on Finance, makes an appropriation to the Office of Finance

Keywords: 909, all

Transcript Highlights:

• David Evans, Department of Finance.
• David Evans, Department of Finance.
• Eamon Nelbin, Department of Finance.
• I know the Department of Finance wants to weigh in.
• Department of Finance, right? David Evans, Department of Finance.

Keywords: 988, house, all

Transcript Highlights:

• For the governance and financing study, it examines the longer-term governance and financing models for
• For the governance and financing study, it examines the longer-term governance and financing models for
• Now we'll transition to the governance and finance study that evaluates long-term governance and financing
• Next, incentive mismatch in financing.
• Next, incentive mismatch in financing.

Summary: The Water Topics Overview Committee met with a quorum and received updates from the Department of Water Resources and the State Water Commission, followed by presentations from Deloitte on two legislative studies required by House Bill 1020. Director Reese Haas reviewed major project and budget updates, including the Northwest Area Water Supply and Southwest Pipeline projects, Resources Trust Fund balances, carryover spending, project prioritization, bid conditions, regional water system coverage, and department process improvements. Members also discussed how the commission prioritizes projects, maintenance expectations, and the impact of limited municipal water supply funding. No formal committee action was taken during the DWR update; the commission’s municipal funding decisions were described as pending its April 8 meeting. Deloitte then presented the cost-share policy study, which found that under current policy and forecasted revenues, North Dakota faces an estimated $1.3 billion shortfall over 14 years, with a near-term gap of about $1.8 billion through 2031. The firm outlined seven recommended options, including tighter definitions and a 25% cost share for eligible replacement projects, caps and financing strategies for the Mouse River and Red River Valley projects, aligning cost share with commission priority guidance, delaying lower-priority projects, using available lines of credit, and adjusting reimbursement timing for revolving loan funds. Committee members questioned inflation assumptions, affordability, user fees, and the use of legacy fund earnings for bonding, but no decisions were made. In the governance and finance study, Deloitte said final recommendations are still being refined, with a final report due May 29. The study examined the Southwest Pipeline, NAWS, and Red River Valley systems using governance and finance criteria such as decision authority, transparency, affordability, risk, and access to funding. For Southwest, Deloitte outlined options ranging from improved state-authority coordination to transferring ownership to the Southwest Water Authority; for NAWS, options focused on strengthening the authority’s role and potentially transitioning operations and maintenance; and for Red River, options ranged from enhanced facilitation to formal state oversight or state ownership. Members asked follow-up questions about ownership transfer, capital repayment streams, and why NAWS was not considered for transfer, and Deloitte said NAWS’s limited organizational maturity made that option less viable in the near term.

Transcript Highlights:

• We also work with the Statewide Economic Finance Act.
• The New Mexico Finance Authority, we also.
• It's come up in a lot of the Finance Authority Oversight Committee meetings across the state.
• To be able to create a program within the finance authority that does project oversight.
• And my counterpart, Lori Tsuyaka, from the Department of Finance and Administration.

Keywords: 996, all

Transcript Highlights:

• So certainly there are quite often times where a purchaser, when they are going to finance a vehicle
• at a dealership, will ask... ...the dealership about the possibility of financing their sales tax as
• part of the financing of the entire vehicle purchase.
• For clarification, normally what happens is if a customer decides they want to finance it...
• they would have a financing or a lien interest in the motor vehicle.

Summary: The committee first approved special expenses incurred by the committee, then took up interim study proposals. ISP 2025-069, sponsored by Representative Perry and presented by Representative Eaton, would move collection of sales tax on motor vehicles from the current post-purchase registration process to the point of sale at dealerships. Committee members and DFA discussed the current 60-day registration/tax payment window, possible fiscal and programming impacts on DFA, the added administrative burden on dealers, verification and audit issues, and concerns about whether the change would improve or complicate tax collection. After questions, the committee voted to send the proposal to research/interim study. The committee then considered ISP 2025-071, from Representative Ray, based on House Bill 1636, which would phase out the state excise tax on soda over five years if revenue triggers were met. Representative Ray explained the tax revenue supports the Medicaid trust fund and said the proposal was intended to continue discussion after the bill failed on the House floor in the regular session. Members asked about the annual revenue generated, the trust fund’s other revenue sources, and whether the revenue would be replaced. DFA was asked to provide additional information on how withdrawals from the Medicaid trust fund are authorized and whether the legislature has oversight. The committee then approved the proposal for interim study and adjourned.

Transcript Highlights:

• And then on page six is the third section of the finance, 'The Road Ahead'.
• We think we did something it goes to Senate Finance.
• That it's just the finance side of it.
• Because I mean, we saw that, you know, from the finance, it's hard to track. And so.
• , particularly how finance connects to that capital outlay.

Transcript Highlights:

• Amen Nalban, Department of Finance.
• Department of Finance.
• Steve Wells, Department of Finance.
• All right, Finance, someone from Finance is here. That's right.
• David Evans, Department of Finance.

Summary: The hearing opened with budget framing from the chair and the LAO, who said the May Revision addresses roughly a $14 billion budget problem and that the environment and transportation subcommittee’s proposals account for about $1.9 billion of the solution. The LAO urged members to focus on solutions that do not worsen out-year deficits, to preserve reserves, and to defer major policy changes that are not necessary to pass the budget, including the newly introduced water-related trailer bills. Members also raised concern about a late-dropped Olympic-related trailer bill, which the LAO likewise suggested should be deferred for fuller review. The first major item was the Delta Conveyance Project and related water quality control plan trailer bills. The administration argued the proposals would streamline permitting, water rights proceedings, judicial review, and land acquisition, and would clarify DWR’s bond authority for the project. DWR said the project is needed to protect water supply reliability against drought, earthquakes, sea level rise, and other climate-related disruptions, and that the tunnel would help move water when conditions are wet and safer for the environment. Committee members from both parties questioned the timing, the use of budget trailer bills for major policy changes, the scope of the CEQA and water-rights changes, the lack of a bond cap, cost growth, and eminent domain protections. The LAO recommended deferring both water trailer bills without prejudice. Public comment was sharply divided, with labor, water agencies, and some business groups supporting the project as climate adaptation and reliability infrastructure, while environmental, tribal, fishing, county, and community groups opposed it as an attempt to bypass public process and weaken protections. The committee then briefly heard the DMV’s Digital Experience Platform fee trailer bill, which would reinstate a $1 system improvement fee to help fund the vehicle-registration phase of the project. DMV said the fee would raise about $7 million annually and offset roughly $59 million to $60 million of project costs, while the LAO noted it would help but would not solve the Motor Vehicle Account’s broader structural gap. The hearing then moved to California High-Speed Rail, where the new CEO presented an updated plan and said the project remains a major climate and infrastructure investment. He reported a revised Merced-to-Bakersfield cost range of $34.9 billion to $38.5 billion, said the agency is trying to reduce risk through direct procurement of materials, and argued that stable annual funding is needed to avoid higher costs from delays.

Transcript Highlights:

• Chris Hill, Department of Finance. Thanks. Good afternoon. Chris Hill, Department of Finance.
• That's tax-exempt financing.
• Department of Finance. Kayla Landman, Department of Finance.
• Department of Finance, Ryan Bender, Department of Finance.
• Department of Finance. Department of Finance, nothing to add but available for questions.

Keywords: 988, house, all

Summary: The committee heard a lengthy presentation on San Mateo County’s request to restore in-lieu vehicle license fee (VLF) funding, which county officials said would otherwise leave the county and its cities facing major budget losses. Supervisors and local officials argued the 2004 VLF swap was intended to hold local governments harmless, but the formula no longer works for San Mateo because of its mix of basic-aid school districts and high property values. They said the loss would force deep cuts to homelessness services, rental assistance, mental health programs, libraries, parks, public safety, wildfire mitigation, and nonprofit partners, with examples including shelter closures, reduced police and fire staffing, and layoffs. The Department of Finance responded that the payments are not statutorily mandated, are discretionary, and are not sustainable in the current fiscal situation, noting the state has still provided more than $300 million since 2012. Members from both parties expressed sympathy, questioned the formula, and said the issue may need a permanent legislative fix; public commenters from cities, labor, nonprofits, and public safety organizations overwhelmingly supported full restoration. The committee ultimately held the item open and later took vote-only action to move two unrelated items on the agenda. The committee also received an update from the Department of General Services on state property redevelopment projects, including the Hillcrest DMV site in San Diego, the Fell Street DMV site in San Francisco, and other state-owned properties. DGS explained that Hillcrest is not yet an active project, while the Fell Street DMV proposal shifted from an integrated housing-and-DMV concept to a plan to relocate DMV into leased space so the site can proceed as housing. Officials said the leased-space option is significantly cheaper than building a new DMV on-site and would allow the housing project to move forward, though questions remained about timing, costs, and whether the partnership model can work. Members pressed DGS on the broader challenge of converting state buildings to housing, and DGS said adaptive reuse depends heavily on building type, floorplate depth, light, and risk from unknown conditions behind walls. The committee also briefly discussed Fairview Developmental Center and the Southern California Veterans Cemetery feasibility study, with DGS saying both are progressing. In Government Operations items, the California Education Learning Lab asked for permanent restoration of its $4 million annual funding and a move from the Office of Land Use and Climate Innovation to GovOps, arguing that the program supports intersegmental innovation in teaching and learning across UC, CSU, and community colleges, including AI-related work. The Legislative Analyst’s Office recommended rejecting the restoration and continuing the planned wind-down, citing the state’s projected deficit and suggesting the interagency council could pursue non-state-funded grant opportunities instead. The committee held that item open. The next item, on the California Education Interagency Council, was presented as a staffing request for four ongoing positions, with GovOps saying the council has already been set up administratively and an executive officer has been appointed.

Transcript Highlights:

• Let's say this is established, and now this is a vehicle that can be used for the financing, a financing
• mechanism or part of a financing mechanism for that kind of a new project.
• Let's say this is established, and now this is a vehicle that can be used for the financing, a financing
• mechanism or part. is a vehicle that can be used for the financing, a financing mechanism or part of
• a financing mechanism for that kind of a new project.

Summary: The Assembly Committee on Arts, Entertainment, Sports, and Tourism heard several bills focused on California’s creative economy, sports development, and cultural preservation. SB 226 by Senator Cabaldon would clarify that infrastructure revitalization financing districts may be used for entertainment and sports facilities, with testimony from West Sacramento officials emphasizing that the tool would rely only on project-generated city tax increment and would not affect school districts, counties, or the General Fund. Members discussed the relationship between IRFDs and EIFDs and the distinction between infrastructure financing and direct subsidy of private sports teams or stadiums. SB 865 by Senator Ashby proposed support for destination music festivals, citing the economic impact of events such as Aftershock and Golden Sky in Sacramento and similar festivals elsewhere in the state. Supporters from Visit Sacramento and Danny Wimmer Presents said festivals generate substantial jobs, tax revenue, and tourism spending while promoters bear the financial risk. Several committee members and public witnesses supported the bill as a way to sustain the creative economy, local businesses, and opportunities for artists. The bill passed the committee on a unanimous vote and was sent to Appropriations. SB 1050 by Senator Ashby would require disclosures when synthetic performers are used in advertisements, including audio ads, to inform consumers and protect human performers from displacement. SAG-AFTRA and voice actor advocates argued that consumers deserve to know when an ad uses AI-generated likenesses or voices, while TechNet, the Motion Picture Association, broadcasters, and other industry groups opposed unless amended, raising concerns about overbreadth, audio-only implementation, private enforcement, and the need for clearer exemptions and definitions. Members generally supported the bill’s goal but noted technical issues to refine; it passed unanimously to Judiciary. SB 1073 by Senator Smallwood-Cuevas would create a voluntary tax checkoff to support the South Los Angeles Black Cultural District. Supporters described the district’s historic and cultural significance and framed the measure as a way to help preserve Black cultural assets amid limited public funding. Members discussed how the checkoff would appear on tax forms statewide, its voluntary nature, and whether it could serve as a model for other districts. The bill also passed unanimously to Appropriations, and the committee later adopted the consent calendar unanimously as well.

Transcript Highlights:

• The chair moves that House File 957 be re-referred to the Education Finance Committee.
• But these will have further discussion again; this is going to Education Finance.
• But these will have further discussion again; this is going to Education Finance.
• But these will have further discussion again; this is going to Education Finance.
• Okay, the motion prevails and the bill is on its way to Education Finance.

Keywords: 919, house, all

Summary: The committee took up House File 957, with Representative Bakeberg presenting the bill on behalf of Representative Caw. The bill would give school districts funding flexibility through the 2028-2029 school year and allow them to stagger implementation of certain recently enacted education mandates to fit local needs, except where federal law requires otherwise. An A1 author’s amendment was adopted to clarify that any provision restricted or mandated by federal law would not be delayed. Representative Jordan questioned whether the proposal would let districts opt out of unemployment insurance for hourly workers, raised constitutional concerns about districts choosing which laws to follow, and asked whether opting out of a policy would also mean opting out of associated funding. Bakeberg responded that federal-law conflicts would remain in force, that districts already have substantial local control, and that public school funding generally follows a per-pupil formula, with grant programs remaining optional. He also said the bill is intended to help districts facing financial strain and budget reductions. Jordan argued that the so-called mandates are actually education policies developed through community input, including measures related to mental health support and student protections, and urged a no vote. Bakeberg closed by saying districts need more flexibility to avoid continued budget cuts. The committee then voted to re-refer House File 957, as amended, to the Education Finance Committee, and the motion prevailed.

Transcript Highlights:

• financing is basically the market norm. financing is basically the market norm.
• being as strong a backup for a financing being as strong a backup for a financing application<02
• term for financing. term for financing. Representative<02:47:25.120> Schneller.
• term of these financing term of these financing uh<02:51:57.359> packages uh packages uh
• <04:25:58.080> So go to finance or somebody. So go to finance or somebody.

Keywords: 1189, house, all

Transcript Highlights:

• I'm here representing the Department of Finance.
• I'm here representing the Department of Finance.
• Similarly, the bill requires the Department of Finance to examine loan or financing options that might
• Does the Department of Finance agree with that analysis? So Jessica Holmes, Department of Finance.
• Andrew Hull with the Department of Finance.

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

Transcript Highlights:

• Senate Bill 201, do pass, then be referred to the Finance Committee.
• , is referred to the Senate Finance Committee.
• , is referred to the Senate Finance Committee.
• for prioritizing water projects pursuant to the Water Project Finance Act, allowing the New Mexico Finance
• Senator, did you make an announcement on Senate Finance? I did.

Keywords: 996, all

Transcript Highlights:

• And for the Committee on Finance.
• <00:32:37.880> Committee reason this is in the Finance Committee reason this is in the Finance
• Are you of the Committee on Finance.
• all of the members of finance all of the members of finance um um um uh<00:36:33.480> so<
• So, um, the, uh, Finance most fees do.

Keywords: 927, senate, all

Transcript Highlights:

• But DMR and housing finances is probably the only place here to find general fund money in this.
• The biggest one is actually public finance is probably the biggest one in this.
• We've got housing and finance, and this we spent some time on and stuff on it.
• part of the five FTEs... ...finance.
• Covered the housing finance to a certain degree.

Keywords: 908, all

Summary: The committee heard House Bill 2014, the budget for the Industrial Commission, with Representative Kempenich walking through the agency’s major components: the administrative office, Bank of North Dakota, housing finance, Department of Mineral Resources, and the State Mill and Elevator. He described mostly special-fund operations, including bond payments, economic development programs, the rail loan program, the Rebuilder’s Loan Program, housing incentive funding, abandoned well reclamation work, lignite research, litigation reserves, and a capacity purchase arrangement for a future natural gas pipeline. He also explained several one-time funding items, such as grid resiliency grants, housing-related transfers from the Strategic Investment Fund, and enhanced oil recovery funding repurposed from a prior salt cavern study. Members asked about the reduction in housing incentive funding from the Senate version, the use of one-time Strategic Investment Fund dollars for ongoing housing programs, and whether a trigger should be added to increase housing funding later. Kempenich said no trigger was discussed and emphasized that housing needs vary widely across the state. Another exchange focused on the enhanced oil recovery grant program, which he said would be driven largely by the Energy and Environmental Research Center and would use repurposed funds. A longer discussion covered the natural gas pipeline capacity purchase, including its purpose, possible routes, and the idea that the state would be buying capacity rather than immediately building a pipeline. The committee adopted Amendment 25.0181.0207 on a 21-1 vote, with one member absent and not voting. The committee then passed HB 2014 as amended on a 21-1 vote, with one member absent and not voting. Representative Kempenich was designated to carry the bill. The chair then noted this was the final budget hearing for the committee, with one bill remaining to be heard later.

Transcript Highlights:

• Alex Shope with the Department of Finance.
• A last question for the Department of Finance.
• We'll start with the Department of Finance. Alex Shope, Department of Finance.
• And I have one more for finance.
• We'll start with the Department of Finance once again. Alex Shope, Department of Finance.

Keywords: 988, house, all