Video & Transcript Research : 'spending benchmarks'

Page 81 of 500
MN

Minnesota 2025 1st Special Session

Minnesota House passes HF72 2/27/25

Minnesota House Floor Meeting

Transcript Highlights:
  • they're spending them in elections, we need to know who they are.
  • hide your spending through a shell game of Russian nesting dolls, um, and we wouldn't know.
  • who get State money are are uh spending who get State money are are uh spending um<00:04:15.000>
  • are prevented from spending in our elections.
  • are prevented from spending in our elections.
Keywords: 1183, house
DE

Delaware 2025-2026 Regular Session

House Natural Resources & Energy Committee Meeting Jun 24th, 2026

Natural Resources & Energy

Transcript Highlights:
  • the spending piece.
  • So there's no decreasing their spend.
  • spending 570% between 2019 and 2028. 570%.
  • This level of spending is that level of spending, or they were spending less to achieve those improvements
  • And what this tries to do is control that spending.
Bills: SB287
Summary: The House Natural Resources and Energy Committee met and considered three Senate bills. SB 287 with Senate Amendment 2, a DNREC cleanup bill on recycling, would tighten recycling collection rules for haulers and commercial generators, require multifamily recycling education, repurpose the Delaware Recycling Fund, and add annual reporting; after brief questions and no public comment, the committee motion to release did not initially receive enough votes, so the bill was circulated for signatures. SB 346, which would speed Environmental Appeals Board hearing and decision timelines so DNREC secretary decisions become final if deadlines are missed, drew support from the Nature Conservancy and also failed to get enough votes at the meeting, so it too was circulated for signatures. The committee then took up SB 326, a major utility-regulation bill sponsored by Senator Hanson and Representative Heffernan that would cap certain non-mandatory utility spending, limit interim rates, increase oversight and transparency, and streamline rate-setting. SB 326 generated extensive testimony and debate. Supporters, including the Public Advocate, Sierra Club, PSC staff, and some legislators, argued that Delmarva Power’s spending on non-mandatory infrastructure has risen far faster than inflation, that the company is a regulated monopoly, and that the bill would help restrain future delivery-rate increases without harming reliability because mandatory reliability, storm response, and vegetation management spending would remain allowed. Opponents, including Delmarva Power, business groups, contractors, labor representatives, and the Delaware Contractors Association, argued the cap would delay needed reliability and capacity projects, hurt economic development, reduce jobs, and interfere with utility planning; they also said supply costs, not distribution spending, are the main driver of recent bill increases. After public comment and additional questioning, the committee voted to release SB 326 on a split roll call, but because several members were absent the bill was also walked for additional signatures. The committee then adjourned.
MN
Transcript Highlights:
  • the November forecast and spending the November forecast and spending projections<00:05:04.160><
  • income and spending would likely fall. income and spending would likely fall.
  • The first line, E12 education spending The first line, E12 education spending is<00:20:23.280>
  • Health and Human Services spending is Health and Human Services spending is projected<00:20:44.400>
  • ed spending from 2020 through 2029. ed spending from 2020 through 2029.
Keywords: 1183, house
Summary: Minnesota Management and Budget officials presented the February 2026 budget and economic forecast, saying the state remains in a strong financial position but faces continued structural imbalance and significant uncertainty. Commissioner Aaron Campbell said the FY 2026-27 balance is now projected at more than $3.7 billion, up about $1.3 billion from November, and the FY 2028-29 planning period is projected to end with a $377 million positive balance. He emphasized that the improvement comes largely from higher projected revenues, especially individual income and corporate franchise taxes, but warned that the state is increasingly reliant on more volatile sources such as capital gains, interest income, and corporate profits. State Economist Dr. Anthony Becker said the national outlook improved slightly, with stronger projected GDP, consumer spending, and investment, but weaker payroll growth and ongoing trade-policy uncertainty. He noted that the forecast was complicated by missing federal data because of the federal shutdown, and that tariffs, immigration policy, equity markets, and possible AI-related shifts all present risks. Revenue projections were raised for the current biennium, including individual income tax receipts, sales tax revenue, corporate franchise tax revenue, and other revenues, while Becker stressed that federal funding threats, especially involving Medicaid and other entitlement programs, could materially alter the outlook. State Budget Director Anna Mingi said general fund spending in the current biennium is projected to be $68 million lower than previously estimated, but planning-year spending is up $152 million. The biggest spending changes came from education, where special education costs rose sharply after updated local spending data, and from human services, where a new prepayment review process for certain Medicaid benefits reduced projected spending by $133 million this biennium and $105 million in the next. She also said discretionary inflation is now estimated at $1.04 billion, up $104 million from November. Campbell closed by saying the state’s reserve remains at a record $3.8 billion and that Minnesota’s AAA bond rating and reserve policy help protect against downturns. He cautioned, however, that the long-term structural imbalance remains about $3.4 billion in the planning years, or $2.3 billion excluding discretionary inflation, and urged policymakers to offset any new spending with reductions. No votes or formal actions were taken; the meeting was a presentation and question-and-answer session on the forecast.
MN
Transcript Highlights:
  • and some forms of consumer spending and some forms of consumer spending dampening GDP<00:14:41.560
  • spending even more because they pay for roughly 56% of state Medical Assistance spending.
  • the state spends the federal government<00:30:13.799> is<00:30:14.000> spending<00:30:
  • > and medical assistance spending by group and medical assistance spending by group and type<00:30
  • <00:42:23.119> during forecasted deficit to spending during forecasted deficit to spending
Keywords: 919, house, all
Summary: Minnesota Management and Budget presented the February 2025 budget and economic forecast, with Commissioner Aon Campbell, State Economist Anthony Becker, and Budget Director Anam Mingi outlining updated revenue, spending, and long-term balance projections. The state’s FY 2026-27 general fund outlook remains positive but weaker than in November, with an ending balance of $456 million, down $160 million from the prior forecast. Looking ahead, the planning years FY 2028-29 show a projected deficit of just under $6 billion, driven largely by spending growth outpacing revenues. Officials emphasized that discretionary inflation is a major factor in the forecast, but also noted that those amounts are not automatically appropriated and would require legislative action. Becker said the national outlook has changed since November, with higher expected inflation, higher interest rates for longer, and slower growth in later years. He highlighted uncertainty around tariffs, trade policy, immigration policy, federal spending, and possible changes to tax and debt-ceiling policy, all of which could affect Minnesota’s economy and revenues. Minnesota’s labor market remains tight, with low unemployment and rising wages, and the revenue forecast was revised upward overall for FY 2026-27, including higher income and sales tax receipts, though corporate tax revenue was slightly lower than previously projected. Mingi said projected general fund spending is up $79 million in FY 2026-27 and $960 million in FY 2028-29 compared with November. The largest increases are in education and health and human services, especially due to inflation, higher pupil counts, special education costs, long-term care, and higher Medical Assistance spending. She noted that higher utilization of weight-loss drugs also raises Medicaid costs, and that a smaller assumed bonding bill helps offset some debt service costs. The commissioner and staff repeatedly warned that federal policy changes, especially possible Medicaid reductions, pose a major risk; they said Minnesota could face billions in lost federal funding, including a potential $2.4 billion hit if the enhanced Medicaid match for adults without children were eliminated. No votes or legislative actions were taken in the presentation.
VT

Vermont 2025-2026 Regular Session

House Caucus of the Whole - 2026-05-29 - 11:15AM

Vermont House Floor Meeting

Transcript Highlights:
  • The estimated FY27 excess spending exclusions and how much is being excluded from the excess spending
  • The estimated FY27 excess spending exclusions and how much is being excluded from the excess spending
  • per pupil spending is in order to compare it to what that excess spending threshold is.
  • Excess spending school budgets.
  • Does that count against them on their excess spending? I know it... on their excess spending?
Keywords: 926, house, all
MN

Minnesota 2025 1st Special Session

Elections panel approves HF72 2/17/25

Minnesota House Floor Meeting

Transcript Highlights:
  • , cannot spend money in elections.
  • talk about organizations that um spend talk about organizations that um spend money<00:03:56.840
  • according to the IRS uh cannot spend according to the IRS uh cannot spend money<00:04:03.439>
  • in political-related spending.
  • <00:10:02.720> so spend in political related spending so spend in political related spending
Keywords: 1183, house
MN

Minnesota 2025-2026 Regular Session

Committee on Elections - 03/10/26

Elections

Transcript Highlights:
  • spending in American elections. spending in American elections.
  • spending to influence elections. spending to influence elections.
  • other significant amounts of spending. other significant amounts of spending.
  • except the political spending powers. except the political spending powers.
  • . spend. spend.
Keywords: 1187, senate, all
MN

Minnesota 2025-2026 Regular Session

House Ways and Means Committee 2/10/25

Ways and Means

Transcript Highlights:
  • numbers we went from spending numbers we went from spending $4,800<00:12:54.040> in<00:12
  • $4,800 in 2023 to spending over $4,800 in 2023 to spending over $6,000<00:12:58.079> per<00:12
  • per capita inflation adjusted spending per capita inflation adjusted spending is<00:13:17.639>
  • changes spending growth this uh spending changes spending growth is<00:16:07.279> coming<00:16
  • DHS spending.
Keywords: 1183, house
Summary: The Ways and Means Committee began with member and staff introductions, including several new members and committee staff. Representative Zach Stevenson, the DFL lead, objected to the day’s presentation, saying he was disappointed the committee was starting with a group he viewed as aligned with Republicans rather than a nonpartisan budget presentation. The chair responded that the committee had a bipartisan agreement and that hearing a different perspective was appropriate. The committee then proceeded to a presentation from economists with the Center of the American Experiment, with questions held until the end. The presentation focused on Minnesota’s budget outlook, arguing that the state faces a structural imbalance and a projected $5.14 billion deficit in the 2028-29 biennium. The presenters said spending has outpaced revenues, highlighted a large increase in general fund spending since 2023, and argued that inflation-adjusted per-capita spending remains above pre-2024 levels through the forecast period. They said the biggest growth areas are E-12 education and especially Health and Human Services, with HHS projected to become the largest budget category and much of its growth tied to Medicaid and long-term care waivers. The presenters also argued Minnesota spends more than most states on welfare and Medicaid, citing comparisons showing the state near the top nationally in spending per person in poverty and in several Medicaid categories. They said some of the HHS growth reflects policy changes from the 2023 session, while other pressures come from enrollment growth, health care prices, federal debt, and an aging population. No votes or formal committee actions were taken during the portion of the meeting shown.
CA

California 2025-2026 Regular Session

Senate Budget and Fiscal Review Committee Jun 24th, 2026

Budget and Fiscal Review

Transcript Highlights:
  • Spend and save.
  • One of the choices is to spend more on excluded types of spending.
  • One of the choices is to spend more on excluded types of spending.
  • So spending on safety net programs and spending on schools and community colleges.
  • That's going to—we're not going to be able to spend as much money as we want to spend.
Keywords: 987, senate, all
AR
Transcript Highlights:
  • spending or anything spent by, on program spending or anything spent by districts to provide ALEs.
  • Spending from isolated and S&I funds increased by $1 million between 2024 and 2025, while spending from
  • at the top. school fund in the light blue and then total spending at the top while total spending in
  • So you can see, looking at the funding and spending, that for all three years districts are spending
  • Excluding ESA spending, program spending, and total spending both exceeded funding for all three school
Summary: The committee approved the March 9 and 10 minutes and then heard a presentation from the Arkansas Department of Education on the Arkansas Excellence in Teaching Fellowship, featuring three third-grade teachers from Cabot, Poyen, and Drew Central who are also teacher merit pay recipients. The teachers described the fellowship as a year-long Zoom-based collaboration with about 23 educators statewide, focused on sharing classroom strategies, data use, and professional support. Members asked about the teachers’ experience, how they share what they learn with their districts, the range of grades represented in the fellowship, and the relationship between the fellowship and merit pay. The teachers emphasized building relationships with students, using data to drive instruction, early intervention, and collaboration across grade levels, while the secretary said the program is intended to identify and elevate high-performing teachers and spread their practices. A major portion of the discussion focused on third-grade reading, retention, and the new ATLAS testing system. Teachers and the secretary said students are screened and progress monitored throughout the year, families are notified early if students are at risk, and schools are using interventions, tutoring, and individualized reading plans. They said ATLAS results are now available much faster than in the past, often within 24 hours or a few days, allowing teachers and parents to respond quickly. Members asked about the impact of poverty, trauma, foster care, DHS involvement, IEPs, and critical shortage areas; teachers said relationship-building, small-group instruction, and coordination with counselors and special education staff are key. The secretary said the fellowship is a small subset of a broader merit pay program, that participation was voluntary, and that the state is trying to build a coherent system with literacy coaches, high-impact tutoring, and clearer standards rather than teaching to the test. Members also discussed broader policy issues, including the need for more positive public messaging about public education, teacher input in decision-making, and support for early childhood education. Several legislators asked whether the state should expand funding for early learning and whether more literacy or academic coaches are needed in districts that improve and then lose eligibility for state support. The secretary said the state has committed literacy coaches to D and F schools and is still working through how to sustain support as schools improve. He also said the administration would look at data and return on investment before supporting additional funding, and he encouraged legislators to help recruit eligible teachers into future fellowship cohorts. After the teacher panel concluded, the committee moved on to the adequacy resource allocation study, where Bureau of Legislative Research staff began a presentation on state and local education funding sources, categorical funds, and district spending patterns.
AR
Transcript Highlights:
  • So obviously they're spending more.
  • decreased across all Spending comes from federal fund sources, and you'll see total spending steadily
  • Spending from isolated and S&I funds increased by $1 million between 2024 and 2025, while spending from
  • So you can see, looking at the funding and spending, that for all three years districts are spending
  • Excluding ESA spending, program spending and total spending both exceeded funding for all three school
Summary: The committee first approved the March 9 and 10 minutes, then heard a presentation from the Arkansas Excellence in Teaching Fellowship Program featuring three third-grade teachers from Poyen, Drew Central, and Cabot, along with Department of Education Secretary Jacob Oliva. The teachers described the fellowship as a year-long collaboration among 23 merit-pay recipients from across the state, focused on sharing classroom strategies, data use, and professional support. Members asked about teacher experience, how the fellowship information is shared locally, the role of merit pay, and how teachers are addressing third-grade reading and retention concerns under the ATLAS assessment system. The teachers emphasized early intervention, relationships with students, small-group instruction, progress monitoring, and communication with families; they also described community supports such as churches, food backpacks, and local donations. Several members raised broader questions about poverty, trauma, social services, DHS involvement, and whether similar professional learning should be expanded to more teachers. Secretary Oliva said the fellowship is a small subset of a larger merit-pay program, that participation was voluntary, and that the state is working to improve literacy supports, clarity, and alignment across grades. He also said ATLAS results are now available to schools and families much faster than in the past, often within 24 to 72 hours, and that the state is using the data to identify at-risk students earlier and support intervention before retention decisions are made. The committee then moved to the adequacy/resource allocation presentation from the Bureau of Legislative Research. Staff explained that the report is part of the statutory adequacy review and focuses on state funding sources beyond foundation aid, including categorical and supplemental funds. They noted that districts and charters spent more than $7 billion in the 2025 school year, with roughly 49% from foundation funding and 51% from other sources over the last three years. The presentation outlined the four categorical funds—Alternative Learning Environment, English Learners, Enhanced Student Achievement, and Professional Development—describing their restricted uses, student-based funding formulas, and the ability of districts to transfer some money among categoricals while keeping it within allowable purposes. Staff said categorical funds account for about 4% of total spending, or less than $300 million, and reviewed superintendent feedback on whether those funds met district needs, with responses varying by category and district.
US
Transcript Highlights:
  • When it comes to spending, is it your goal to reduce federal spending where you can responsibly?
  • 50% per capita of what we're spending.
  • We have to get spending under control.
  • But we spend, I think at last count, roughly $700 billion a year on mandatory spending programs that
  • And we've got to go after the spending.
MN

Minnesota 2025-2026 Regular Session

Committee on Finance - 03/11/25

Finance

Transcript Highlights:
  • and some forms of consumer spending and some forms of consumer spending dampening<00:15:10.800><
  • of the slide you can see that spending of the slide you can see that spending is<00:23:01.240>
  • inflation in special education spending inflation in special education spending is<00:24:10.120>
  • second the um largest areas of spending are<00:24:29.960> spending<00:24:30.320> increases
  • where higher spending in long-term care where higher spending contributes<00:24:34.240> to<00
Keywords: 1187, senate, all
MN

Minnesota 2025-2026 Regular Session

November 2025 State Budget and Economic Forecast Presentation - 12/04/25

Minnesota Senate Floor Meeting

Transcript Highlights:
  • <00:04:02.480> will forecasts that we project spending will forecasts that we project spending
  • , spending, spending, are<00:08:52.800> a<00:08:53.120> primary<00:08:53.600> driver
  • , if you look at the baseline spending, if you look at the baseline spending<00:18:51.200> line,
  • spending in forecasts.
  • Uh, spending is up and we still have a structural spending problem.
Keywords: 1187, senate, all
VT

Vermont 2025-2026 Regular Session

House Caucus of the Whole - Act 73 Overview - 2026-01-16 - 12:00PM

Vermont House Floor Meeting

Transcript Highlights:
  • <00:14:44.880> What of getting devoted local spend. What of getting devoted local spend.
  • Act 73 for some extra local spending. Act 73 for some extra local spending.
  • So, let's jump to the supplemental district spending. This is that local spend.
  • This is that local district spending. This is that local spend. spend. spend.
  • Is that to cover what we think of today as education spending or total school spending?
Keywords: 926, house, all
Summary: The meeting was a high-level walkthrough of Act 73, with staff from Legislative Council and the Joint Fiscal Office summarizing major education policy, governance, tax, and fiscal changes. The presentation covered class-size minimums and related enforcement, creation of a state aid for school construction program, narrowed tuition eligibility for approved independent schools, changes to State Board of Education appointments, special education reporting and staffing, and a new report on standards for schools deemed small or sparse by necessity. It also noted that some provisions take effect immediately or in 2025, while the major funding and tax changes are contingent on new school districts being operational and a foundation formula report being received, with most of those changes targeted for July 1, 2028. The central fiscal change described was a move from the current locally voted budget and varying homestead tax system to a foundation formula. Under that model, districts would receive an educational opportunity payment based on a base amount per pupil, adjusted by student weights for factors such as pre-K, economic disadvantage, English learner status, and special education, with small-school and sparsity weights replaced by support grants. Districts could still seek limited supplemental district spending above the foundation amount, subject to a cap and a uniform method for raising the funds, with excess collections recaptured at the state level. The presenters also described transition mechanisms to phase in the new system over several years. The tax section explained that Act 73 would replace the current property tax credit with a homestead exemption and create a new non-homestead residential classification intended for second homes and short-term rentals, though further statutory or regulatory work would still be needed to implement it. The JFO presentation emphasized that the act also creates regional assessment districts for reappraisals and includes a transition to smooth changes in education tax rates. No committee vote or formal action was taken during the presentation; it was informational only.
MN

Minnesota 2025-2026 Regular Session

House/Senate Republican Media Availability 12/4/25

Minnesota House Floor Meeting

Transcript Highlights:
  • Spending is up, and we still have a structural spending problem.
  • Spending is up, and we still have a structural spending problem.
  • Spending is up, and we still have a structural spending problem.
  • Spending is up, and we still have a structural spending problem.
  • Spending is up, and we still have a structural spending problem.
Keywords: 919, house, all
Summary: Republican legislative leaders in Minnesota held a budget-focused press availability after the November forecast, thanking Minnesota Management and Budget staff while arguing the updated numbers show a much worse deficit outlook than expected. They said the state faces a structural spending problem, cited projected gaps in the 2028-29 biennium and over the four-year outlook, and blamed recent deficits on higher spending, tax increases, mandates, and what they described as fraud in state programs. They also criticized Governor Walz for focusing on federal issues and for not doing enough to control spending or address fraud. Speaker Lisa Demuth, House Republican Leader Harry Niska, and Senate Finance lead Eric Pratt all said the forecast underscores the need for spending restraint, pro-growth policies, and stronger fraud prevention. They pointed to health care, long-term care, Medicaid-related programs, and local government mandates as major cost drivers, and said the legislature should examine those areas in the upcoming session. Demuth said the state should not ignore fraud and noted that the legislature had added staff to the Office of the Legislative Auditor and whistleblower protections, but had not passed an independent inspector general office. A substantial portion of the exchange centered on fraud investigations and comments by President Trump about Somali Minnesotans. The Republican leaders said they disagreed with condemning any community as a whole, but also said they shared frustration over fraud and corruption and wanted accountability for those responsible. They said the state’s fraud problem is not about any one community, but about failures in administration and oversight. The lawmakers said they would return to session on February 17 and continue working on budget and fraud-related issues.
AR
Transcript Highlights:
  • For our purposes today, we're talking about ALE spending, including what districts are spending to provide
  • So obviously they're spending more.
  • Spending from isolated and S&I funds increased by $1 million between 2024 and 2025, while spending from
  • So you can see, looking at the funding and spending, that for all three years districts are spending
  • Excluding ESA spending, program spending, and total spending both exceeded funding for all three school
Keywords: 1204, all
Summary: The Senate and House Education Committee approved the March 9 and 10 minutes and then heard a presentation on the Arkansas Excellence in Teaching Fellowship Program from Department of Education staff and three third-grade teachers from Cabot, Poyen, and Drew Central. The teachers described the year-long fellowship for high-performing merit pay recipients, saying it provided collaboration with educators across the state, shared resources, and ideas they brought back to their districts. Members asked about the teachers’ experience levels, how they shared information locally, and whether the program should be expanded to more teachers and districts. A major focus of the discussion was third-grade reading, the new ATLAS testing system, and the state’s third-grade retention law. The teachers said they do not teach to the test, but use standards, data, interventions, small groups, and relationships to help students grow. They described progress monitoring throughout the year, early screening in K-2, and interventions such as before-school tutoring, RTI meetings, and co-teaching. One teacher reported that six students in a small group improved 10 to 15 points on ATLAS, and another said a student who started the year reading four words per minute improved significantly with targeted support. Secretary Jacob Oliva said the state is trying to create clarity and alignment through Arkansas Learns, science-of-reading support, literacy coaches, and faster test-result turnaround, with student scores now available within about 24 hours and district-level results expected later in the summer. Members also asked about student poverty, trauma, ACEs, DHS involvement, social workers, community supports, and the role of counselors. The teachers emphasized that relationship-building is essential, especially for students facing unstable home situations, and described local supports such as backpack food programs, church donations, fire department incentives, and family assistance. Oliva said the fellowship was intentionally small in its first year because it targeted top-tier merit pay recipients, but he expects participation to grow. He also said merit pay and fellowship eligibility spans many grade levels and subjects, including kindergarten and hard-to-staff areas, and that D and F schools receive state literacy coaches. No additional committee votes or formal actions were taken beyond approving the minutes.
WA

Washington 2025-2026 Regular Session

Joint Legislative-Executive Committee on Budget Transparency and Fiscal Sustainability Jul 20th, 2026

Joint Legislative-Executive Committee on Budget Transparency and Fiscal Sustainability

Transcript Highlights:
  • And so those are areas where maybe not all of the spending level, but a lot of the spending level is
  • There's been some increases in spending.
  • There's been some increases in spending.
  • How did that mandatory spending growth...
  • And so if the legislature once again funds their ongoing one-time spending, that would increase spending
Summary: The committee held its first meeting, with co-chairs and members introducing themselves and staff outlining the committee’s statutory mandate under the 2025-27 supplemental operating budget. Staff explained that the Joint Legislative-Executive Committee on Budget Transparency and Fiscal Sustainability will receive technical assistance from a nonpartisan organization, with work split into two phases: first on revenue growth, spending assumptions, and cost drivers in the four-year outlook, and later on staffing, overhead, performance management, and public reporting. Members broadly said they hoped the committee would build a shared factual understanding of the state’s fiscal situation, structural deficits, and budget processes, and identify a sustainable path forward for the operating budget. Staff then gave a detailed presentation on operating budget basics. They reviewed the size and composition of the operating budget, noting that most spending is concentrated in grants/client services and salaries/benefits, with K-12, DSHS, HCA, DCYF, DOC, and higher education making up most NGFO spending. They explained the distinction between constitutional, federal, statutory, and discretionary spending, using examples such as K-12, Medicaid, collective bargaining agreements, court-driven obligations like McCleary and Trueblood, and one-time appropriations. They also walked through how the state uses incremental budgeting, carry-forward and maintenance-level calculations, caseload and per-capita forecasting, and the four-year balanced budget outlook, including reserve calculations and the budget stabilization account. Members asked extensive questions about what is and is not included in the outlook, especially future collective bargaining agreements, health care and compensation growth, tort and other liabilities, and whether the state could better distinguish mandatory from discretionary spending. Staff explained that current CBAs and other already-enacted obligations are included, but future CBAs are not; some liabilities are reflected as expenditures when appropriated, while broader long-term liabilities are not fully captured in the outlook because they depend on future policy choices. Staff also noted that the legislature and ERFC can adopt assumptions such as reversions and growth factors, and that an outlook accuracy report is produced every five years to compare projected and actual maintenance-level spending. The committee agreed to follow up on some of the more complex liability and assumption questions. After a short break, Josh Goodman of the Pew Charitable Trusts began a presentation on Pew’s role and approach to state fiscal sustainability. He described Pew as a nonpartisan organization with long-standing state fiscal research, emphasizing its 50-state comparative data, interviews with state officials and experts, and focus on long-term sustainability, reserve policies, and recession preparedness. The presentation was ongoing when the transcript ended.
MN

Minnesota 2025 1st Special Session

House Elections Finance and Government Operations Committee 2/17/25

Elections Finance and Government Operations

MN

Minnesota 2025 1st Special Session

House Ways and Means Committee 2/24/25

Ways and Means

Transcript Highlights:
  • the state will necessarily then spend the state will necessarily then spend more<00:23:01.200>
  • So the calculation of the inflation, it keys off of the spending amount, so as spending changes, the
  • So the calculation of the inflation, it keys off of the spending amount, so as spending changes, the
  • , so you would be spending less.
  • <00:46:57.920> less spending so you would be spending less spending so you would be spending
Bills: HF3