Transcript Highlights:

• part of a floor to protect the revenue part of a floor to protect the revenue within<00:08:07.440
• <00:18:48.400> and and that would drive more revenue and and that would drive more revenue
• developing the estimates of revenues. developing the estimates of revenues.
• So currently lottery revenue goes as unrestricted revenue to the Education Trust Fund, which is used
• quickly boost the revenues that we need. quickly boost the revenues that we need.

Keywords: 928, house, all

Summary: The committee met with Lottery Director Charlie McIntyre and Charitable Gaming Chief Compliance Officer Kulie Aoyo to review proposed changes in HB 2 and related amendments affecting video lottery terminals, historic horse racing, charitable gaming, and scratch tickets. McIntyre said the late-arriving amendment made revenue estimates difficult, especially because the bill would allow operators to decide when to convert from HHR to VLTs and would change the floor-space rules. He explained that the existing 70/30 floor-space split between machines and table games was negotiated to protect charity revenue, and warned that moving to a 90/10 split could reduce charity revenue, potentially by as much as $17 million, while also changing the character of the facilities. Committee members discussed whether to keep the 70/30 split, and McIntyre said he could provide updated estimates later that day, including net impacts after any offsetting gains or losses under current law. Members also asked about the governor’s proposed operator share versus the Sweeney amendment’s higher operator share. McIntyre said the governor’s 45% figure was based on his own estimate and on comparable rates in other states, and he supported it as a way to maximize revenue for the state and charities. He also described a change to high-stakes tournaments: after speaking with Rep. Sweeney, he said the amendment was clarified to apply only to those tournaments and would lower the house take from 10% to 5% to encourage participation in rare, high-buy-in events. The committee also discussed a separate proposal to raise the maximum scratch ticket price from $30 to $50; McIntyre said the change would take time to implement, would likely increase net state revenue by about $1 million in year two, and was consistent with pricing in neighboring states such as Massachusetts and Connecticut. Additional questions covered sports betting and a separate Kino-related estimate. McIntyre said March Madness is the busiest period for sports betting and that the state’s sports betting revenue has exceeded initial expectations. He also said he had estimated that removing a municipal-vote restriction for Kino could cost about $12 million total, with $2 million in the first year and $10 million thereafter. No formal votes were taken during the discussion; the chair indicated the committee would revisit the VLT amendment and other sections later, and McIntyre agreed to send updated revenue estimates to committee members.

Transcript Highlights:

• consists of about four different Revenue consists of about four different Revenue sources<00:10:
• with these four different Revenue with these four different Revenue um<00:11:10.200> areas
• <00:16:08.160> estimate the um Revenue estimate the um Revenue estimate commissioner<00:16
• Revenue when the Department<00:26:48.919> of<00:26:49.039> Revenue<00:26:49.360> went
• > and many many years and revenue notices and many many years and revenue notices and fact<00:

Keywords: 1187, senate, all

Transcript Highlights:

• modification to the compensatory revenue modification to the compensatory revenue formula.<00:04
• transferred to the special revenue fund. transferred to the special revenue fund.
• revenue to 1.3%. revenue to 1.3%.
• spend uh um part of their revenue. spend uh um part of their revenue.
• compensatory revenue working group. compensatory revenue working group.

Keywords: 1187, senate, all

Transcript Highlights:

• annually, could discounted revenue fees annually, could discounted revenue fees undermine<00:05:00.880
• <00:13:12.960> Thank going to maximize revenue. Okay. Thank going to maximize revenue.
• our our consideration of revenue loss. our our consideration of revenue loss.
• > Department of Revenue tracks Department of Revenue tracks um<01:22:07.160> that.
• <01:31:15.640> helps that revenue you know, the revenue helps that revenue you know, the revenue

Keywords: 1189, house, all

Transcript Highlights:

• The General Fund gets revenue from about 20 different sources.
• Where do states get their revenue? Where do states get their revenue?
• comes from. percentage where our revenue comes from.
• At the end of the day, they all need revenue to operate, and that's where we get our revenue from property
• If 5.75% is all our budget can grow, and if we have revenue above that, then that revenue goes into a

Bills: HB188, HB52

Keywords: healthcare, insurance, patient rights, medical treatment, access, affordability, income tax, CHOOSE Act, education funding, ABLE account, tax credits, poverty threshold, legislative funding, 1136, house, all

Transcript Highlights:

• And is from other revenue that the department generates.
• similar programs significantly above actual revenues.
• is to backfill federal revenue that is going away.
• Or 5% increases across all revenue sources.
• So, I believe the new money figure from the revenue economists in the August revenue estimate for recurring

Transcript Highlights:

• Securities revenue.
• Securities revenue. What that is system. Securities revenue.
• would have been the revenue otherwise? would have been the revenue otherwise?
• biggest revenue generator in this state. biggest revenue generator in this state.
• funds, and restricted lottery revenue. funds, and restricted lottery revenue.

Keywords: 928, house, all

Summary: The meeting was a House budget briefing focused on the overall state budget and the first of three divisions. The presenter reviewed the size and structure of the budget, noting that the state had eliminated the interest and dividends tax and still balanced the budget. He explained the major spending categories in the general fund and total budget, emphasizing that health and human services and education remain the largest areas, while transportation is largely self-funded. He also walked through the revenue picture, including business taxes, insurance taxes, court fees, communications taxes, and Medicaid recoveries, and said the remaining interest and dividends tax revenue reflected late payments from prior assessments. Members asked about the size of the tax cut from eliminating the interest and dividends tax, federal funding stability, and why Medicaid was being reduced if federal support was expected to remain steady. The response was that the lost revenue would have been about $200 million absent repeal, and that the budget gap was addressed through many small cuts across departments. On federal funds, the presenter said most aid is tied to multi-year grants and that core programs such as Medicare and Medicaid were expected to remain relatively stable, though some federal reductions could occur. He also said some agency reductions came from eliminating long-vacant, funded positions and from expected lapses. The discussion then moved into Division One, which covers smaller and miscellaneous agencies. The division made cuts to the governor’s office, eliminated a temporary position at the Governor’s Commission on Disability, reduced Department of Information Technology spending through a back-of-budget cut, and found savings in Administrative Services. It also delayed maintenance at the Sununu Youth Services Center, stopped advertising for paid family medical leave, changed retiree health insurance funding, and consolidated several personnel-related boards into one. The division eliminated the Commission on Aging and the Office of the Child Advocate, made a temporary special education advocate position permanent, reduced the Secretary of State’s budget, kept municipal rooms-and-meals distributions flat, and made changes to the retirement system, including $55 million to improve Group 2 retirement benefits and a new retirement structure for future state hires. The judicial branch was also asked to find savings and received two additional judges because of expected caseload increases from other eliminations.

Transcript Highlights:

• <00:03:46.480> is I believe the department of revenue is I believe the department of revenue
• <00:03:58.239> Miss revenue um guidance on that. Miss revenue um guidance on that.
• in this committee. comments and I looked at the revenue comments and I looked at the revenue estimate
• notices from the Department of Revenue notices from the Department of Revenue to<00:08:27.039>
• revenue, not the revenue at the, uh, uh, revenue, not the revenue at<00:48:43.200> at<00:48:43.440

Keywords: 1187, senate, all

Transcript Highlights:

• , creating a mismatch between revenues and expenditures.
• At a time when we have historic levels of revenue, the reason why so much revenue has come into the state
• Not only did you spend that revenue, historic revenue that can't sustain itself moving forward.
• Each one of those companies' annual revenues is almost double the entire annual General Fund revenues
• Each one of those companies, annual revenues, is almost double the entire annual general fund revenues

Keywords: 987, senate, all

Transcript Highlights:

• These are revenues set aside by you all as appropriators into non-recurring revenue sources, so to create
• recurring revenue sources for the general funds.
• by revenue type.
• from the legislature to invest our non-recurring revenues, revenues from a, from our oil and gas industry
• , and create a recurring revenue source that over time will become not only our largest revenue source

Transcript Highlights:

• Even then, if TDT revenues in anyone here exceed the prior year's revenues, then the amount of the prior
• And the other would be any TDT revenues that exceed the prior year's revenues.
• TDT revenue to pay off the bond.
• This gives local governments access to the TDT revenues to use for general revenue purposes, which has
• to general revenue.

Bills: HB 118, HB 388, HB 114, HB 205, HB 2789, HB 2791, HB 499, HB 2960, HB 3163, HB 3135, HB 2427, HB 1618, HB 1672, HB 1722, HB 1338, HB 787, HB 2618, HB 879, HB 1126, HB 4134, HB 3513, HB 718, HB 1536, HB 1445, HB 1640, HB 1893, HB 1734, HB 3229, HB 3306, HB 1276, HB 3272, HB 3276, HB 3516, HB 4145, HB 1585, HB 4810, HB 2989, HB 2558, HB 3014, HB 2742, HB 1695, HB 29, HB 125, HB 145, HB 171, HB 255, HB 50, HB 363, HB 116, HB 491, HB 1495, HB 368, HB 1285, HB 1905, HB 2002, HB 917, HB 2723, HB 2067, HB 1238, HB 745, HB 1188, HB 1606, HB 2003, HB 2147, HB 2355, HB 2546, HB 2495, HB 2818, HB 2249, HB 3228, HB 3240, HB 1507, HB 658, HB 1748, HB 1851, HB 1922, HB 2798, HB 107, HB 1587, HB 3684, HB 118, HB 388, HB 114, HB 205, HB 2789, HB 2791, HB 499, HB 2960, HB 3163, HB 3135, HB 2427, HB 1618, HB 1672, HB 1722, HB 1338, HB 787, HB 2618, HB 879, HB 1126, HB 4134, HB 3513, HB 718, HB 1536, HB 1445, HB 1640, HB 1893, HB 1734, HB 3229, HB 3306, HB 1276, HB 3272, HB 3276, HB 3516, HB 4145, HB 1585, HB 4810, HB 2989, HB 2558, HB 3014, HB 2742, HB 1695, HB 609, HB 630, HB 420, HB 767, HB 1708, HB 1404, HB 2457, HB 140, HB 227, HB 913, HB 2198, HB 2763, HB 1261, HB 1135, HB 1318, HB 2358, HB 2765, HB 2735, HB 3307, HB 1242, HB 2842, HB 333, HB 201, HB 694, HB 2415, HB 155, HB 272, HB 405, HB 519, HB 1136, HB 1275, HB 1437, HB 1532, HB 1675, HB 1868, HB 1888, HB 1990, HB 2286, HB 2523, HB 3129, HB 3251, HB 3354, HB 3479, HB 3803, HB 3804, HB 3805, HB 3806, HB 3887, HB 4163, HB 4238, HB 1240, HB 1842, HB 2029, HB 2622, HB 3255, HB 654, HB 4643, HB 4945, HB 3611, HB 3724, HB 3623, HB 3810, HB 4127, HCR 78, HCR 12, SB 767

Keywords: HB 388, HB388, coordination of benefits, COB questionnaire, health benefit plan, health insurance, insurance commissioner, Texas Department of Insurance, uniform form, primary payer, secondary payer, multiple coverage, dual coverage, Medicaid, CHIP, managed care, HMO, small employer health plan, school district health coverage, self-funded plan

Transcript Highlights:

• it requires the commissioner of Revenue it requires the commissioner of Revenue to<00:09:36.800>
• <00:09:46.720> notification commissioner of Revenue notification commissioner of Revenue notification
• substantiate that I think oh Revenue substantiate that I think oh Revenue estimate<00:21:35.559>
• When my bill first went in, our state revenue came in and said this is going to lower revenue, and it
• devastating um and then the revenue devastating um and then the revenue estimate<01:16:32.760>

Keywords: 1187, senate, all

Transcript Highlights:

• reasons that the tobacco um uh revenues reasons that the tobacco um uh revenues and<00:20:10.400
• <00:27:20.640> to Massachusetts, bringing the revenue to Massachusetts, bringing the revenue
• up that revenue from what bucket? up that revenue from what bucket?
• their revenue by $49.7 million. their revenue by $49.7 million.
• So VLT revenue is increasing.

Keywords: 928, house, all

Summary: The committee heard testimony on House Bill 1596, which would raise New Hampshire’s cigarette excise tax from $1.78 per pack to about $2.80, using an inflation-based adjustment since the rate was last set in 2008. Representative Jerry Stringham, the bill’s sponsor, said the measure would keep New Hampshire competitive with neighboring states, generate revenue, and help offset other budget pressures. He also described the bill as repealing an income-based premium charge in Medicaid/CHIP-related programs and restoring cuts to the University System of New Hampshire, arguing that the combined package would still leave the state in a positive fiscal position. He said the tobacco tax increase would likely have some cessation effect but would remain low relative to other New England states, and he cited prior testimony from health groups supporting a larger increase. Members questioned the sponsor about how the new rate was calculated, the prior tobacco tax reduction and restoration, whether tobacco companies would absorb or pass on the tax, and the fiscal note’s estimates for Medicaid premium revenue and UNH funding. Stringham said he used Bureau of Labor Statistics inflation data, that the earlier 10-cent reduction did not produce the expected sales increase, and that the current bill would eliminate the premium charges now in the budget. He later clarified that the Department of Medicaid Services had updated the revenue estimate, but said the bill still showed a surplus overall. He also said the federal government already imposes a $1-per-pack tax and that New Hampshire would remain below neighboring states even after the increase. Two public witnesses testified in opposition to the tax increase. Anna Bettincourt, a tobacco category manager, argued that higher tobacco taxes would unfairly target smokers, reduce New Hampshire’s tax advantage, and likely shift purchases to other states or illicit markets rather than reduce use. She said tobacco companies generally do not lower prices and that Massachusetts’ flavor restrictions had not eliminated sales. In response to questions, she maintained that a smaller increase would still be harmful and that enforcement problems make bans ineffective. The sponsor and some members countered that smokers impose higher health costs and that tobacco taxes are a policy tool for both revenue and public health. No vote or final committee action was taken in the portion of the meeting provided.

Transcript Highlights:

• in line with our ongoing revenues.
• Yes, so if, for whatever reason, let's say revenues came in less than the consensus revenue estimate,
• So theoretically, no net effect on general revenues. effect on general revenues once the project is complete
• And like I said, when general revenue is plentiful, it's easy just to throw general revenue in there.
• And like I said, when general revenue is plentiful, it's easy just to throw general revenue in there.

Keywords: 959, house, all

Transcript Highlights:

• Total revenue related funds for the 26-27 biennium is projected to come from tax revenues.
• Sales tax is our revenue system's mainstay.
• revenue and all general revenue dedicated, cannot grow faster than the rate of. growth of population
• There's the general revenue funds, general revenue dedicated funds.
• General revenue is what was budgeted.

Keywords: budget, House Bill 1, public education, healthcare, border security, federal funding, spending limits

Summary: The meeting primarily focused on reviewing the proposed budget for the upcoming biennium, with substantial discussions around House Bill 1 and its implications for public education, healthcare, and border security. The Comptroller presented a revenue overview indicating a total of $194.6 billion available for general purpose spending, which reflects a slight decrease compared to previous years due to fluctuating economic conditions. Members raised questions regarding spending limits and the impact of federal funding on state programs, highlighting concerns about the sustainability of funding in light of potential changes at the federal level.

Transcript Highlights:

• revenues but some of it is off budget. revenues but some of it is off budget.
• <00:10:17.440> So projected revenues and spending. So projected revenues and spending.
• > that<00:16:33.120> we're<00:16:33.360> revenue the revenue structure that we're
• revenue the revenue structure that we're revenue concerns<00:16:34.320> we're<00:16:34.480>
• redistributing directly the MET revenues redistributing directly the MET revenues as<00:25:59.360

Keywords: 1191, senate, all

Transcript Highlights:

• We're going to move next to the diesel revenue per lane mile.
• bond and use that new revenue to pay back bonds.
• And that revenue goes from the tax and revenue department in those states to the state road fund.
• And so it didn't touch non-recurring revenue for the state, it didn't touch recurring revenue for the
• The state road fund revenues are expected to decline by 13.

Transcript Highlights:

• Revenues are performing well, maintaining our debt burden manageable.
• The limit is 10% of unrestricted revenue of the previous fiscal year.
• Revenues are performing well, maintaining our debt burden manageable.
• We're going to issue $60 million, and in this particular case we assume no revenue growth, so revenues
• <00:45:24.680> um and even if revenues um and even if revenues um if<00:45:27.440> if

Keywords: 1189, house, all

Summary: The Public Works and Highways committee held a capital budget orientation led by Legislative Budget Assistant Office staff, who walked members through the budget materials, the capital budget process, and the committee’s compare sheet. The presentation explained that agencies begin developing capital requests nearly a year in advance, submit them by May 1, and that the governor’s recommended capital budget is a reduced version of the much larger agency wish list. Members were told the agencies initially requested about $1.1 billion in projects, the catalog was trimmed to just over $400 million in general fund projects, and the governor’s recommendation in the pink book totals about $143 million in general fund capital appropriations. The committee also reviewed the prior capital budget and related statutes and committee procedures. Several specific projects drew discussion. The Department of Education’s CTE projects were explained as having been shifted into the operating budget in the prior cycle and now returning to the capital budget recommendation; members asked whether there was a backup CTE project and whether local approval had been secured for the named project. The Cannon Mountain tramway request was highlighted as a $20 million recommendation, with the presenter explaining that an earlier $18 million appropriation would be lapsed back to the general fund to help balance the budget. The Department of Corrections’ new prison project was also discussed; members were told the state has already appropriated $50 million for planning and site evaluation, but the governor’s current capital budget does not include a new prison construction appropriation because the project is not yet ready for that phase and may need to be funded differently, possibly through a separate, staggered appropriation. State Treasurer Monica Mezzapelli then presented on debt affordability and the state’s borrowing capacity. She said the state’s credit position has improved, with the debt-to-revenue ratio falling from 8.2% in 2015 to 3.8% in 2024, and explained that RSA 6-C limits debt authorization to 10% of unrestricted prior-year revenue. She noted that the Treasury’s planning assumes $60 million in annual bond issuance, with the prison-related $40 million now expected to be issued in 2026 rather than 2025 because the project is not ready to spend the funds. She said the state can still borrow more, but additional debt service must be paid from operating funds, and recommended keeping capital bonding in the $120 million to $130 million range to preserve affordability and the state’s credit rating. Members asked for clarification on the CTE funding shift, the prison schedule, and the meaning of the large agency request totals. The chair and treasurer discussed the governor’s $143 million recommendation versus the committee’s usual target range, and the treasurer said $130 million would be more comfortable than $140 million, with $135 million described as a possible compromise. No formal votes or committee actions were taken in the portion provided; the meeting was informational and ended with the presenters offering to answer follow-up questions as agencies come before the committee.

Transcript Highlights:

• I think it's revenues. Just revenues? Operating revenues?
• It's only their own revenues. I mean local revenues. Okay. Can you talk a little bit more, Mr.
• Those recommendations support the same use of federal revenues and other revenues.
• revenue.
• So, can you tell me what the new revenue was? from you said there was 12 million in revenue. 214?

Transcript Highlights:

• <00:10:22.079> program, of the local optional revenue program, of the local optional revenue
• And those are supplemental revenue.
• The duties compensatory revenue.
• revenue.
• :15:35.760> revenue.

Bills: HF1388

Keywords: BARR Center, Building Assets, Reducing Risks, education finance, school funding, grant appropriation, evidence-based program, student achievement, social and emotional learning, school climate, teacher effectiveness, high school graduation, students in poverty, students of color, BIPOC, equity in education, Minnesota Department of Education, urban schools, suburban schools, rural schools, school coaching