Transcript Highlights:

• This translates into roughly $1.2 billion in revenue per year for us.
• careers, has a lot of historical information, and is ultimately responsible for generating and calculating
• In general, there were some small changes in terms of the calculations that they had versus what GRS
• But in general terms, how much of the monthly, or you can do it annually, income or revenue comes from
• have the number in front of me, and I don't want to quote you the wrong amount, but there was a calculation

Committee: House Investments & Pensions Oversight Committee

Transcript Highlights:

• So I think another important aspect of this is that equality of revenues is going to be the floor.
• I think another important aspect of this is that equality of revenues is going to be the floor.
• The matrix is still calculated using that 500-student number.
• It's a tool used to calculate the foundation funding amount, and as Taylor said, it's a funding model
• The court found that the General Assembly has a duty to know how state revenues are being spent.

Summary: The meeting began with approval of the prior minutes and then shifted to an update from Department of Education Secretary Jacob Oliva and Deputy Commissioner Stacey Smith on early childhood education, especially the state-funded Arkansas Better Chance (ABC) program. They said Arkansas had received a federal Preschool Development Grant and described ABC as a large state program with about 23,800 funded slots and roughly $114 million in annual appropriations. Department officials said they are reviewing slot allocations because about 1,000 seats are funded but unfilled, while more than 2,000 families are on waiting lists, and they plan to reduce or reallocate slots from providers that have not filled them over several years. They also said they are examining whether income thresholds, curriculum expectations, daily rates, and summer programming should be updated, and members raised concerns about access, local control, transportation, and whether the program should better align with K-12 choice and school readiness goals. The committee agreed to form an early childhood subcommittee and asked the Bureau of Legislative Research to help gather historical data and other information for future discussion. The committee then received a legal presentation from BLR attorney Taylor Lloyd on the constitutional and statutory framework for education adequacy in Arkansas. She reviewed the Dupree and Lake View cases, explaining that the state must maintain a general, suitable, and efficient system of free public schools, and that adequacy and equity are distinct but related concepts. She emphasized that the General Assembly is responsible for defining adequacy, studying whether the system meets that standard, and reacting to the evidence, while the courts ultimately decide constitutional compliance. Lloyd also explained the current adequacy definition, the role of the matrix as a funding tool rather than a spending mandate, and the distinction between unrestricted foundation funding and restricted categorical funding. BLR’s Elizabeth Bynum followed with a historical overview of how Arkansas responded to the court cases and developed the current adequacy process. She traced major legislative actions from the 1980s through the Lake View litigation, including the creation of funding formulas, categorical aid, isolated funding, declining enrollment funding, and the 2003-2004 adequacy study that led to the Continuing Adequacy Evaluation Act and the matrix used to set foundation funding. She also described later changes to the adequacy statute, the financial reporting requirements for districts, and the ongoing use of surveys, stakeholder testimony, and consultant studies in the biennial adequacy process. Members asked questions about whether private or homeschool programs could use public funds for expenses like utilities, whether stakeholders should include those groups, the difference between average daily membership and attendance, and whether school board members are surveyed; staff said those issues would need further research or were outside the scope of the presenters’ role.

Transcript Highlights:

• In your packets, you'll see there's a revenue estimate, and that information is included in the revenue
• In your packets, you'll see there's a revenue estimate, and that information is included in the revenue
• In your packets, you'll see there's a revenue estimate, and that information is included in the revenue
• Clayman. ...and that information is included in the revenue estimate.
• And then just curious in terms of the revenue that is collected, I heard you say it's deposited into

Transcript Highlights:

• The proposals on this slide request additional revenue from increased fees to account for the higher
• The proposals on this slide request additional revenue from increased fees to account for the higher
• The proposals on this slide request additional revenue from increased fees to account for the higher
• </c><01:14:08.199><c> uh</c> to gaining that additional uh Revenue uh to gaining that additional uh Revenue
• </c><01:15:24.440><c> for</c> prescription drug uh rebate revenue for prescription drug uh rebate revenue

Committee: House Health Finance and Policy

Transcript Highlights:

• The budget does not include the assumed additional $5 billion in higher revenues that was included in
• And these are anticipated revenues that will be set aside for allocation in next year's budget.
• It includes changing the calculation of funded credit full-time equivalent students incorporated into
• So when we calculate next spring at the 2027 May Revision, 33% of revenues that are above the amounts
• A lot of our dollars get redirected, and our revenue source has been slowed.

Summary: The Assembly Budget Committee met to consider the final three-party agreement for the 2026-27 state budget and 19 implementing bills, including two budget bill juniors and 17 trailer bills. Committee leadership and administration officials described the budget as a balanced plan that reduces out-year structural deficits, maintains large reserves, and makes major investments in health care, education, housing, child care, public safety, and other core services while also responding to expected federal cuts and fiscal uncertainty. The Department of Finance outlined the package’s major components, including Medi-Cal adjustments, education funding increases, higher education changes, child care and human services updates, housing and homelessness funding, energy and transportation provisions, and tax and general government changes. Members asked questions about several provisions, including CSU enrollment targets and turnaround plans, the Prop. 98 settle-up mechanism, the plastics market development payment program, housing accountability measures, NextGen 9-1-1 implementation, and veteran services. Staff and administration witnesses explained that the higher education language is intended to improve campus-by-campus reporting and oversight, that Prop. 98 settle-up would be finalized later through the statutory certification process, and that NextGen 9-1-1 now includes one-time funding, quarterly reporting, an independent technical review, and a state audit. Members also discussed the HAP homelessness funding increase to $900 million and the balance between accountability and timely distribution of funds. The most extended exchange centered on comparisons between funding for veterans and Medi-Cal/immigrant health coverage. Republican members argued the budget spends far more on undocumented immigrant services than on veterans, while Democratic members and Finance staff responded that the comparison was misleading because many veterans’ services are federally funded and the state budget also includes dedicated veteran support. The chair and other members emphasized that the budget reflects difficult tradeoffs and that the package protects vulnerable populations, preserves health care access, and advances affordability. No final vote was described in the excerpt, but members indicated support for the overall package and said they would support it on the floor.

Transcript Highlights:

• </c> I'm concerned about the lack of revenue I'm concerned about the lack of revenue the<00:09:32.080
• ><c> be</c><00:11:25.600><c> about</c> The estimated revenue would be about The estimated revenue would
• sharing, revenue sharing his revenue sharing, revenue sharing that<02:21:46.800><c> was</c><02:21:46.960
• And it's revenue that we gave away, and it's revenue that we desperately need.
• </c> revenue that we uh desperately need. revenue that we uh desperately need.

Committee: House Ways and Means

Transcript Highlights:

• </c><00:03:19.560><c> estimate</c> a revenue estimate a revenue estimate um um um noting<00:03:22.600
• </c> um the revenue estimate? um the revenue estimate? Anyone? Anyone? Anyone?
• It provides by December of this year for the Commissioner of Revenue to calculate and certify the aid
• </c><00:21:18.480><c> to</c><00:21:18.600><c> calculate</c> the Commissioner of Revenue to calculate
• the Commissioner of Revenue to calculate and<00:21:19.240><c> certify</c><00:21:19.680><c> the</c><00

Committee: Senate Taxes

Transcript Highlights:

• plans identify campus strategies for increasing enrollment, reducing costs, and raising additional revenue
• need for increasing the Bureau's annual fees, which account for approximately 90% of the Bureau's revenue
• need for increasing the Bureau's annual fees, which account for approximately 90% of the Bureau's revenue
• These steps include streamlining processes, eliminating six positions, maximizing revenue generation
• narrowed conversations regarding fee increases that will only focus on historical and pre-existing revenue

Transcript Highlights:

• plans identify campus strategies for increasing enrollment, reducing costs, and raising additional revenue
• need for increasing the bureau's annual fees, which account for approximately 90% of the bureau's revenue
• These steps include streamlining processes, eliminating six positions, maximizing revenue generation
• narrowed conversations regarding fee increases that will only focus on historical and pre-existing revenue
• narrowed conversations regarding fee increases that will only focus on historical and pre-existing revenue

Summary: The committee first heard updates from the California State University on its turnaround plans for seven campuses with enrollment declines. CSU said overall enrollment has grown for three straight years, but some campuses—especially in Northern California—continue to face structural declines tied to demographics and community college pipelines. The system described campus-specific strategies such as outreach to stopped-out and adult learners, guaranteed admissions, partnerships with community colleges and high schools, expanded high-demand programs, and cost reductions including hiring freezes, program suspensions, and shared administrative services. The LAO said the plans were reasonable but urged regular reporting so the Legislature can track results. Committee members pressed CSU for ongoing implementation updates, stronger recruiting efforts, and safeguards around AI use; CSU said it would continue regular check-ins and share best practices across campuses. The second item focused on the Bureau for Private Postsecondary Education and its request for a $10 million General Fund appropriation to repay a special fund loan used for litigation costs. DCA and BPPE said the bureau has long had a structural deficit and has already cut positions, streamlined operations, and shifted some costs to the Student Tuition Recovery Fund, but still needs fee increases through the sunset review process. The LAO opposed the General Fund backfill, arguing the bureau can cover near-term costs with its loan, that litigation costs should generally be borne by regulated entities through fees, and that using General Fund money could set a precedent. Finance supported the one-time backfill as a way to avoid larger fee increases on institutions and to isolate the litigation expense from the bureau’s ongoing structural shortfall. Members asked how the bureau would avoid repeating the problem; BPPE said it has updated policies and practices, including disability accommodation procedures and non-discrimination training. The committee then reviewed Cal Grant funding and program updates from CSAC, UC, CSU, and the community colleges. CSAC said the Governor’s budget would increase Cal Grant funding to about $3.2 billion in 2026-27, driven by enrollment growth and higher tuition at UC and CSU, and highlighted efforts to improve payment processing and financial aid data. UC and CSU emphasized that Cal Grants are central to affordability and debt reduction, while also warning that federal changes under H.R. 1 could reduce access to loans and harm graduate and part-time students. Community colleges reported rising aid applications and awards, but said students still face major affordability barriers, especially mixed-status and undocumented students, and asked for more support for aid administration and completion grants. The chair repeatedly asked for data on eligible students who are not receiving Cal Grants and for a phased-in path to implement the Cal Grant Equity Framework; Finance said full implementation would cost hundreds of millions and the state is not currently in a position to fund it. Finally, the committee began discussion of the Middle Class Scholarship Program. CSAC said the program helps low- and middle-income students cover total cost of attendance, not just tuition, and warned that cutting funding by more than half would reduce award coverage from 35% to 17.5% of cost of attendance. CSU and UC said the program is important for reducing student debt and supporting affordability, and CSU noted recent administrative changes have reduced workload and award adjustments. The hearing continued into the next agenda item after these presentations.

Bills: HB2979 , HB3790 , HB3142 , HB3463 , HB4143 , HJR1086 , SB392 , HB3087 , HB3037 , HB3581 , HB4058 , HB2959 , HB4227 , HB2997 , HB4125 , HB1453 , HB3521 , HB3691 , HB2015 , HB2940 , HB1016 , HB3267 , HB3695 , HB3697 , HB3045 , HB3662 , HB3453 , HB3053 , HB3301 , HB3495 , HB3584 , HB3586 , HB3587 , HB3845 , HB4198 , HB4425 , HB2970 , HB3338 , HB3443 , HB3783 , HB3800 , HB3818 , HB1242 , HB1752 , HB2961 , HB2967 , HB2973 , HB2988 , HB3031 , HB3240 , HB3047 , HB3052 , HB3066 , HB3086 , HB3175 , HB3177 , HB3178 , HB3429 , HB3548 , HB3638 , HB3404 , HB3704 , HB1590 , HB3759 , HB3831 , HB3904 , HB4092 , HB1979 , HB1983 , HB1250 , HB2952 , HB3671 , HB3920 , HB4118 , HB3944 , HB3969 , HB3973 , HB3975 , HB3976 , HB3978 , HB3983 , HB3984 , HB3942 , HB4203 , HB2588 , HB3024 , HB3383 , HB3279 , HB3919 , HB3883 , HB4193 , HB3431 , HB3435 , HB4352 , HB4484 , HB1245 , HB3172 , HB3306 , HB4294 , HB3880 , HB2929 , HB3128 , HB2956 , HB3015 , HB3114 , HB3567 , HB3749 , HB4229 , HB4237 , HB4253 , HJR1046 , HJR1084 , HB3411

Keywords: HB2979, Talyn Bain Act, school zone, school safety, speed limit, 45 mph, state highway, Department of Transportation, ODOT, flashing beacons, traffic enforcement, speeding violation, public school, private school, K-12, drop-off, pick-up, highway safety, municipal maintenance, county commissioners

Transcript Highlights:

• where students did not specifically generate that compensatory revenue.
• where students did not specifically generate that compensatory revenue.
• The pupil units calculated for FY 2024 or FY 2026.
• </c><01:37:07.600><c> consistent</c> keeps compensatory Revenue consistent keeps compensatory Revenue
• Revenue Revenue formula<01:38:03.599><c> thank</c><01:38:03.760><c> you</c><01:38:03.840><c> to</c><

Committee: Senate Education Finance

Transcript Highlights:

• an act relating to unclaimed property, state retirement systems, and capital debt, affecting the revenue
• an act relating to unclaimed property, state retirement systems, and capital debt, affecting the revenue
• an act relating to unclaimed property, state retirement systems, and capital debt, affecting the revenue
• an act relating to unclaimed property, state retirement systems, and capital debt, affecting the revenue
• the Vermont prescription drug discount card program, affecting the revenue of the state.

Transcript Highlights:

• It says let's make the revenue that I pay and the revenue that these insurance companies achieve.
• In addition, by calculating rates for grades, no individual student can be identified.
• And if you could add, because currently CDPH in their calculations don't include IEPs and their calculations
• So I think it has to do with the way they need to make their calculation.
• So I think it has to do with the way they need to make their calculation.

Committee: Senate Health

Transcript Highlights:

• This is roll call for the House Revenue Committee, February 26, 2026. Representative Brown?
• My first time in my 16 years in the legislature that I've ever been before the House Revenue Committee
• </c> working with the department of revenue working with the department of revenue and<00:15:24.720><
• I'm Ken Gil with the Department of Revenue Property Tax Division Administrator.
• The next one would be calculate that.

Bills: SF0110 , SF0044 , SF0046

Committee: House Revenue

Transcript Highlights:

• Lori does from the regime. um what did the um revenue estimate um what did the um revenue estimate &gt
• Um, would if &gt;&gt; Department of Revenue here.
• Um, I'm Minnesota Department of Revenue.
• Uh so any special calculation process.
• </c> to raise revenue? to raise revenue?

Committee: Senate Taxes

Transcript Highlights:

• all financial operations except those required to be accounted for in different funds, also a local revenue
• What happens with excess revenue generated from the sale of property, and how...
• We know that there's more... ...a little bit more revenue through your local levy.
• Our district is federally impacted, with up to 10% of revenues coming from impact aid.
• Our revenues are very lumpy.

Bills: HB2440 , HB2551 , HB2593

Committee: House Education

Keywords: education, ombudsman, record-keeping, transparency, advocacy, school funding, financial solvency, education budget, district financial health, state funding, accounting, budgeting, reporting

Transcript Highlights:

• The Appropriations and Revenue Committee has met and reports House Bill 500 should pass to rules with
• We do fully fund the defined calculations as requested by the governor.
• We do fully fund the defined calculations as requested by the governor.
• In statewide mission, first of all, we fully fund the governor's request for defined calculation costs
• Um, whether it's the appropriations and revenue committee, uh, like I say, non-partisan committee, uh

Transcript Highlights:

• years, and we are estimating that approximately missing out of maybe one to two million dollars in revenue
• Some will just simply require you to pay for the software, and then all the revenue comes to whatever
• forward that off to the taxing entity that would then be able to go collect that and collect those revenues
• basically it says that no government entity or private individual shall use the information for calculating
• And there could be a better agency that could calculate this and put this in the works.

Bills: SB1312 , SB1323 , SB1599 , SB1863 , SB1932 , SB1950 , SB1956 , SB1958 , SB1966 , SB1970 , SB2052

Committee: Senate Aeronautics and Transportation

Summary: The Senate Aeronautics and Transportation Committee heard several memorial highway and bridge designation bills and one substantive aviation/tax bill. The committee advanced SB 1323 (Marty Grisham memorial signage), SB 1863 (John Skelly Memorial Highway), SB 1932 (allowing a trucking company owner or other designated representative to appear without a lawyer in certain Corporation Commission administrative hearings), SB 1956 (Captain David Ward Neely Memorial Highway), SB 1970 (Private Earl Maggerton Memorial Bridge), and SB 1599 (Arlen Francis Wetzel Memorial Bridge). These measures were generally presented as honorary designations or procedural changes, with brief questions mainly about mileage or fiscal impact, and they all passed committee by voice or roll-call votes. The most extensive discussion centered on SB 1950, which would prohibit government entities or private vendors from using ADS-B aircraft tracking data to calculate, generate, or collect fees. Supporters argued that using the federally required safety system for fee collection encourages pilots to turn off ADS-B, undermining air safety, and said airports can collect fees through other methods. Opponents and committee members raised concerns that the bill could hinder lawful tax and fee collection, including aircraft excise taxes and landing fees, and that it might reduce revenue for airports and the state. After testimony from the bill author, an aviation association representative, and the Oklahoma Department of Aerospace and Aeronautics director, the committee laid the bill over at the author’s request. The committee also heard SB 1312, which would have allowed owners of electric and hybrid vehicles to prepay the annual road-use fee over time rather than paying it in one lump sum. The author said the goal was to reduce the burden on low-income drivers and small businesses, but concerns were raised about fiscal impact and implementation. After title was stricken to allow further work, the bill failed on a 5-6 vote. The chair also announced that some items would be laid over and that the committee would not meet the following week.

Transcript Highlights:

• This program has existed revenue.
• </c> calculated amount. calculated amount.
• </c> this bill will do is um reduce revenue. this bill will do is um reduce revenue.
• ><c> revenues</c> The recent positive revenue show that.
• > into</c> increase revenue, more tax revenue into increase revenue, more tax revenue into the<02:05:

Transcript Highlights:

• So starting on page one of your brief, many of you all remember the revenue volatility that New Mexico
• has historically experienced and how That volatility in revenue negatively impacted the conditions in
• And we referenced in the brief a report from Michigan that calculated the differences in the cost of
• to practice strategic resource management using a three-year budget forecast that projects their revenues
• So, how does it look for an individual school when you can calculate your amount of SEG?