Transcript Highlights:

• <00:36:14.599> offering finance offering finance offering comments<00:36:17.319> Lynn<00
• What I do is I send it to the CPs Finance because we don't finance, right?
• I do know there is a project that is looking for financing.
• What I do is I send it to the CPs Finance because we don't finance, right?
• What you know, I've been kind of critical of you know... finance years have the same concerns if finance

Keywords: 912, senate, all

Summary: The committee opened by outlining hearing procedures, including a two-minute limit for live testimony, a request not to repeat written testimony, and a reminder about decorum. The first bill heard was SB 697, which would create a nonrefundable individual income tax credit for expenses to retrofit residences with wind-resistive devices. The Insurance Division said it supported the concept but noted it may need an appropriation or outside expertise to develop certification standards, while the Department of Taxation said the bill should retain a third-party certification requirement if the Insurance Division cannot administer the credit. The Hawaii Insurers Council supported the bill, and the Tax Foundation suggested a subsidy-style program would be more efficient than a tax credit and criticized the bill’s 100% credit structure. A testifier in support argued the measure would help homeowners fortify houses against hurricanes and reduce shelter demand; written testimony from several others, including HIEMA, was noted as supportive. The committee then moved through SB 76, which would require the Hawaii Property Insurance Association to provide commercial property coverage after two private-market denials, and SB 83, which would require insurers to give advance written premium-change notices and explanations to common-interest community policyholders and the insurance commissioner, along with a report on premium increases. For SB 76, the State Insurance Division stood on its written comments, and testimony in support came from Michael Honda, the National Association of Mutual Insurance Companies, and Jessica Herzog. SB 83 drew more extensive discussion: the Insurance Division supported the need for better transparency, while the Hawaii Insurers Council opposed the bill, arguing that agents—not insurers—typically communicate with AOAO boards and that the measure could worsen an already difficult market. Insurance Division staff acknowledged widespread complaints from condo associations about lack of transparency and said the division had received many calls about premium increases and nonrenewals. The discussion on SB 83 expanded into broader concerns about condo insurance, nonrenewals, surplus lines, and the difficulty of getting timely explanations for large premium increases. Committee members and testifiers described older buildings struggling to fund repairs and upgrades while facing steep insurance costs, and some urged the committee to craft baseline statutory protections for unit owners. The Insurance Division said surplus lines serve a critical gap-filling role and warned against regulating that market in a way that could slow access to coverage. No votes or final committee actions were taken in the portion of the meeting provided.

Transcript Highlights:

• Thank you, Madam Chair, and of course, to the members of the Legislative Finance Committee, to our staff
• Unfortunately, it was vetoed by the governor to deal with disaster financing and emergency funding.
• Also, sometimes The Senate Finance Committee's language changes.
• My name is Ismael Torres, the Chief Economist for you all at the Legislative Finance Committee.
• This is kind of a structural analysis question about how a legislative finance committee operates.

Transcript Highlights:

• Higher Education, HB 1585 by Bella Montgomery, relating to the areas of operation of the Housing Finance
• 2563 by Ashby ruling to the establishment of the temporary prescribed burn manager self-insurance pool
• Safety, and Veterans Affairs, HB 2572 by Harrison relating to the authority of a public library to finance

Keywords: 1184, house, all

Transcript Highlights:

• HB 27 by King relating to courses of personal finance, literacy, and economics for high school students
• certain nonprofit state associations and organizations from providing and training and insurance of risk pool
• HB 558 by Schofield relating to the provision of funding under the public school finance system on the

Summary: The House met for first reading and referral of a large number of bills and joint resolutions, with no substantive debate on the measures themselves. The filings covered a broad range of topics, including agency rulemaking and regulatory deference, occupational licensing reciprocity, business entities, eviction procedures, higher education, public education, health care, elections and voting procedures, criminal justice, property tax and appraisal issues, transportation, agriculture, energy, and local government authority. Several proposals also addressed constitutional amendments on matters such as Medicaid expansion, property tax limits, quorum and special-session rules, voting citizenship proof, parental rights, reproductive autonomy, and state funding allocations. Many of the measures focused on education, public health, and election administration. Examples included bills on financial literacy in schools, school nurses and librarians, student meal debt policies, suicide prevention notices, menstrual products, and community-based learning programs, as well as election-related bills on voter registration, disability access, ballot corrections, political advertising, and voting equipment or procedures. Other notable bills dealt with housing and property issues, including evictions, homestead tax exemptions, and land ownership, along with criminal justice measures involving sentencing, juror challenges, trafficking-related nondisclosure, and firearm reporting or transfer restrictions. The House also referred a set of resolutions to the Local and Consent Calendars Committee. At the end of the proceedings, Mr. Bell moved that the House adjourn until 2:00 p.m. Tuesday in memory of James Edward Cook of Eustace, Texas. There was no objection, and the House adjourned.

Transcript Highlights:

• I'm the chairman of Division 3 in House Finance.
• I work on bills go to the full finance.
• I am the finance manager at DCYF.
• division three perhaps on our finance division three perhaps on our finance committee<02:53:00.479
• <03:06:47.439> will we have any idea when full finance will we have any idea when full finance

Keywords: 1189, house, all

Summary: House Finance Division 3 met in work session and opened with procedural remarks from the chair about the committee’s schedule, deadlines, and recommendation options, noting the meeting was advisory and no votes were expected. The first bill discussed, House Bill 1569, concerned repealing the directive to sell the Anna Philbrook Center for Children property in Concord. Testimony from DHHS and New Hampshire Hospital focused on whether the property could be subdivided, the relationship to Senate Bill 572, the status of the city of Concord’s first right of refusal, and the practical effects of a sale. Witnesses said the $5 million sale estimate was a budget assumption, that moving staff and equipment would create some relocation costs, and that the center had required significant recent maintenance and renovation spending. Members also discussed the number of transitional housing beds at the site, the temporary nature of those beds, and whether the property should remain available given hospital workforce and service needs. The committee then turned to House Bill 661, which had been recommitted for further review after new information emerged. The chair summarized federal developments, including a December 2025 ACF letter and a related executive order, as well as a federal HHS press release about states diverting foster youths’ Social Security survivor benefits. Representative Walner explained that amendment 3055H had been drafted to move the bill forward in smaller steps, with a fiscal note requested on the amendment because the original bill was viewed as too large and expensive. Members discussed whether the committee had received copies of the amendment and whether federal guidance or funding had changed the policy landscape. The discussion also included broader questions about foster youth benefits and whether federal action would support state implementation. One member cited ACF language stating that only 11 states had enacted policies to stop interception of survivor benefits and that technical assistance would be available to the remaining states. The meeting remained in work-session mode throughout, with no votes taken and no final recommendations made during the portion provided. The chair indicated the committee could return to the bills later in the month.

Transcript Highlights:

• is consumed by financing water loss mitigation and control projects.
• They utilize IT, they utilize finance, they utilize all those different departments.
• And I think somebody referenced the Government Finance Officers Association.
• You've got a humongous pool...
• And it's a finance conversation you have offline. Got screwed up, okay?

Summary: During the meeting, legislative members discussed the practice of municipalities diverting water and sewer revenues to their general funds, which impacts infrastructure maintenance and project delays. Vice Chair Sparks proposed limiting public testimony to two minutes, which was adopted without objection. The committee heard from various witnesses, including Perry Fowler from the Texas Water Infrastructure Network, who emphasized that utility revenues should primarily support water services and that transfers should be transparent and justified. He noted that many utilities face financial pressures that could hinder infrastructure projects. Larry French from the Texas Public Policy Foundation highlighted the significant financial impact of water loss and general fund transfers, estimating the annual loss at $1.5 billion. He argued that these transfers can create disincentives for municipalities to address water loss issues. Brian Butcher, Assistant City Manager of Sugar Land, defended the city's cost allocation model for general fund transfers, asserting that they are necessary for equitable service provision and operational efficiency. The committee also discussed the implications of rising construction costs and the need for better procurement processes to ensure effective use of taxpayer dollars. The second part of the meeting focused on the New World Screwworm and the state's preparedness to manage potential infestations. Dudley Hoskins from the USDA outlined the federal response efforts and the importance of collaboration with state agencies. He emphasized the need for ongoing surveillance and the production of sterile flies to combat the pest. Dr. Philip Kaufman from Texas A&M discussed the historical context of the screwworm and the challenges posed by its potential reintroduction, urging proactive management strategies among livestock producers. The committee acknowledged the need for increased resources and research to effectively address the threat of the screwworm.

Transcript Highlights:

• This being said, he couldn't tell you how much. the state is the risk pool, right?
• the state is the risk pool, right?
• the state needs to be the risk pool. the state needs to be the risk pool.
• bringing uh funds into the state pool bringing uh funds into the state pool for<02:20:55.840>
• He's talking about the state becoming a risk pool.

Keywords: 1189, house, all

Transcript Highlights:

• You know, we all have to submit campaign finance reports.
• I do campaign finance and election law. But I also represent Democrats.
• Smaller communities have a smaller pool of candidates to replace the current workers as they age out
• As the election worker pool ages, health limitations naturally increase.
• This would greatly increase our pool of workers.

Keywords: 1184, house, all

Transcript Highlights:

• be brought before the committee with a recommendation that it is referred to the State Government Finance
• And any unspent money would go back into the Capitol Mall design framework pool and would be available
• and would be design framework pool and would be available<00:03:05.280> for<00:03:05.440>
• Have you applied for any public finance or anything like that? At this point, we have not.
• ,<01:09:28.560> maybe is to say we've got this pool, maybe is to say we've got this pool,

Bills: HF4470, HF2418, HF3417, HF3365, HF3463

Keywords: HF4470, Melissa Hortman, memorial, statue, memorial garden, State Office Building, Capitol Mall Design Framework, capital investment, appropriation, Capitol Area Architectural and Planning Board, Department of Administration, public art, commemorative monument, landscaping, artist selection, family consultation, Minnesota legislature, state building site, capital appropriation, political subdivisions

Transcript Highlights:

• We have a different system than the other states do, so there will be a finance impact.
• to pass and then let the finance to pass and then let the finance committee<01:52:37.159> deal
• states do um so there will be a finance states do um so there will be a finance impact<01:52:47.760
• <02:06:37.960> of<02:06:38.559> oh considered in part of the pool of oh considered
• in part of the pool of oh what<02:06:38.920> side<02:06:39.079> effects<02:06:39.360>

Keywords: 1191, senate, all

Transcript Highlights:

• landscaping walls for like a house five properties away where the ocean actually came in and now it's a pool
• 00:33:56.000> a ocean actually came in and now it's a ocean actually came in and now it's a pool
• :58.320> that's<00:33:58.640> on<00:33:58.880> this<00:33:59.120> side pool
• stagnant water that's on this side pool stagnant water that's on this side of<00:33:59.919> the
• <00:45:02.880> programs resources manpower financing programs resources manpower financing

Keywords: 910, house, all

Summary: The committee heard testimony on several shoreline easement resolutions and a water-supply study resolution. For the easement measures, the Department of Land and Natural Resources supported each item, and testimony also came from affected landowners and community members. Members asked about why some easements were granted gratis to public agencies, with DLNR explaining that those cases involved public infrastructure such as stormwater management and did not require bonds or rent. For private properties, DLNR described the standard process of monthly rent during the legislative approval gap, followed by a one-time appraised payment for a 25-year easement once the appraisal is completed. A substantial portion of the discussion focused on shoreline erosion and whether hardened shoreline structures or seawalls were contributing to beach loss. On one measure, DLNR explained that a large sandbag shoreline structure was tied to a nearby boat harbor that had altered sand movement over time, causing flanking erosion on adjacent unarmored property. On another, DLNR said a wall built under a valid 1960s permit was originally a boundary or landscaping wall, but now functions as a seawall as the shoreline has migrated landward. Members raised concerns about fairness, public beach access, and whether adjacent owners should share costs, and DLNR responded that shoreline matters are handled parcel by parcel under existing statute. The committee also heard support for a resolution creating a task force or study on desalination. DLNR’s Commission on Water Resource Management supported the intent but asked for more time to complete a comprehensive report, noting the work would require substantial staffing and coordination. The Board of Water Supply and CARES also testified in support, with CARES emphasizing future water-supply needs, cultural and historic preservation concerns, and the importance of coordinating with other agencies. DLNR said it would rely on existing studies and work with county agencies and the Department of Health. No votes or final committee actions were taken during the portion of the hearing provided.

Transcript Highlights:

• late November, December, January, and February, went through the interviewing process, had a good pool
• But time will tell, depending on the applicant pool that we get.
• Depending on the applicant pool that we get, it's currently open, and we're looking to hopefully have
• The other person I would say that I work with is Krista, who is the vice president of finance with Minot
• Their focus, when I talked to Linda and her crew over there, was really looking at budget and finance

Summary: The committee met at Dakota College at Bottineau, approved the January 15, 2026 minutes, and heard an extensive campus update from Dean Corey Gorder and other DCB leaders. Gorder described the college’s affiliation with Minot State and its growing use of shared services, including business office functions, HR, institutional research, Title IX, printing, financial aid support through UND, and payroll support through NDSU. He said the arrangement lets DCB focus on its core mission while relying on system partners for specialized administrative work, and noted that accreditation concerns were not believed to limit those shared-service arrangements. He also highlighted DCB’s mission, enrollment growth, dual-credit reach across rural schools, and the college’s emphasis on nursing, dental, paramedic, farm management, and other workforce-oriented programs. Committee members asked detailed questions about dual credit, program delivery, and whether DCB’s partnerships were exclusive. Gorder said the relationships are generally collaborative rather than exclusive, that schools can choose other providers, and that many partnerships began through personal outreach and ongoing relationships with rural schools. Lisa Johnson of the university system added that transfer complaints are rare and that dual credit generally transfers well within North Dakota, though highly selective out-of-state institutions may treat credits differently. Members also asked about stipends for high school instructors, the share of K-12 versus DCB instructors, and the capacity limits in dental hygiene and other programs. Gorder said dental hygiene is capped by space and staffing, that there were more applicants than seats, and that expansion is being considered; he also said he would provide follow-up information on the paramedic program and instructor breakdowns. Gorder closed by identifying long-term challenges, including aging residence halls, recruiting faculty and staff, and the need to review low-enrollment programs. He said DCB should consider expanding into more high-demand trades such as welding, HVAC, and electrical work, and should streamline dual credit and strengthen its Minot programming. The committee then heard from the North Dakota Student Association, whose leaders outlined student priorities from the last session and the interim. Their main concerns included campus housing quality and affordability, food insecurity and food pantries, mental and physical health resources, student-led research funding, academic and career readiness, internships, and campus collaboration. They also discussed dual credit, saying it is valuable but uneven across the state, and raised questions about how to better retain students in North Dakota through the system. Members asked follow-up questions about housing, transferability of dual credit, and whether incentives could be used to encourage students to stay in-state for higher education.

Transcript Highlights:

• Within the Department of Management Services, there's $94 million for the Florida facilities pool, which
• Eric Poole, waive... Public comment.
• Eric Poole, waive speaking in support, Florida Association of County.
• The Florida Education Finance Program is the system we use to deploy the Legislature's appropriations
• But today, the Florida Education Finance Program has been overtaken by change.

Summary: The Appropriations Committee met for Budget Day and heard presentations on the Senate’s proposed 2025-2026 budget, SPB 25-200, totaling $117.4 billion. Chair Hooper said the plan reduces overall spending from the prior year, keeps strong reserves, includes a 4% pay raise for state employees, maintains employee health care contributions, and makes major investments in water quality, transportation, and education infrastructure. Committee chairs then summarized their budget silos, including K-12 education, higher education, health and human services, criminal and civil justice, transportation/tourism/economic development, and agriculture/environment/general government. Members asked questions mainly about school funding, AP and dual enrollment support, voucher and scholarship impacts, and the My Safe Florida Home program. The committee adopted a large consent package of amendments and then approved three late-file amendments: funding virtual college tours for high school students, funding the FSU Sunshine Genetics program, and providing money for the Port of Fernandina customs facility. The committee then voted to report SPB 2500, the General Appropriations Bill, as a committee bill. It also favorably reported SPB 2502 (implementing bill), SPB 2504 (state employees placeholder), SB 7022 (Florida Retirement System contribution rates and DROP changes), CS/SB 1320 (recreating the Resilient Florida Trust Fund), SPB 2506 (gaming compact revenue distributions, including water projects and rural lands), SPB 2508 (29 new judgeships), SB 7014 (ending the court mediation and arbitration trust fund), SPB 2510 (K-12 conforming bill), SPB 2512 (higher education conforming bill), and SPB 2514 (health and human services conforming bill). The committee also took up several policy bills. It approved SB 7028 on cancer research, creating grant parameters, reporting requirements, a five-year pediatric cancer research incubator, and the Bascom Palmer Eye Institute VisionGen Initiative. It approved CS/CS/SB 170 on nursing home quality, adding resident satisfaction surveys, medical director standards, safety culture reviews, electronic health record requirements, financial reporting penalties, and a study of best practices. It approved CS/CS/SB 168, the Tristan Murphy Act, which expands mental health diversion options, adds Hillsborough County to a forensic hospital diversion pilot, expands grant uses, and creates a behavioral health data repository. It also approved SB 114 creating the Florida Center for Excellence in Insurance and Risk Management at FSU and moving the public hurricane loss model there. The committee then began considering SB 180 on emergency preparedness and response, including a late-file amendment, but the transcript cuts off before final action on that bill.

Transcript Highlights:

• Within the Department of Management Services, there's $94 million for the Florida facilities pool, which
• Eric Poole, waive speaking in support, Florida Association of Counties. Public comment.
• Eric Poole, waives speaking in support, Florida Association of Counties.
• The Florida Education Finance Program is the system we use to deploy the Legislature's appropriations
• But today, the Florida Education Finance Program has been overtaken by change.

Summary: The Appropriations Committee heard presentations on the Senate’s proposed 2025-2026 budget, SPB 25-200, totaling $117.4 billion. Chair Hooper and committee chairs highlighted major spending priorities including a 4% raise for state employees, continued health insurance contributions, investments in water quality, transportation, education infrastructure, and workforce development, along with reductions tied to long-vacant positions. Education funding was a major focus, with increases for K-12 public schools and scholarships, higher education workforce programs, nursing initiatives, tutoring, and university performance funding. Health and human services, criminal and civil justice, transportation/economic development, and agriculture/environment budgets were also outlined, including Medicaid, mental health, corrections staffing, affordable housing, beach restoration, citrus recovery, and water projects. Members then questioned several budget choices, especially K-12 funding. Senators Polsky and Smith raised concerns that the Senate’s AP and dual enrollment funding changes could disadvantage public schools, while Burgess argued the budget preserves the money in the FEFP and gives districts more flexibility rather than reducing support. Questions also addressed voucher availability, school stabilization funding, and the My Safe Florida Home program. The committee adopted 171 consent amendments and three late-file amendments, then approved SPB 2500 as a committee bill. It also favorably reported implementing and conforming bills for state employees, retirement, natural resources, judgeships, K-12 education, higher education, and health and human services, along with SB 7022 on Florida Retirement System contribution rates and elected-officer DROP options, CS/SB 1320 on the Resilient Florida Trust Fund, SB 7014 ending the Mediation and Arbitration Trust Fund, SB 7028 on cancer research, CS/CS/SB 170 on nursing home quality and oversight, CS/SB 168 on mental health diversion and behavioral health data, SB 114 creating an insurance and risk management research center at FSU, and SB 180 on emergency preparedness and post-storm recovery. Most bills were reported favorably with little or no opposition, though SB 180 drew discussion about local-government authority after storms and the need to balance recovery speed with local safety and planning concerns.

Transcript Highlights:

• House Bill 1089, Department of Finance Disbursing Officer supplemental.
• House Bill 1089, Department of Finance Disbursing Officer supplemental. We have a motion.
• Representative Beatty, this is item D11, an amendment to House Bill 1022, the Arkansas Development Finance
• They're given to individuals who otherwise qualify, and they choose to pool their resources to get that
• According to the Department of Education's figures and numbers for those schools' finances, they will

Keywords: 1204, all

Summary: The committee first handled agenda management for items referred over from Joint Budget, suspending the rules to add Senate Bill 77 and later correcting an error so Senate Bill 4 could be considered instead of the initially misidentified House Bill. Members were given time to review the referred bills before votes were taken. Several other items were passed over or delayed to allow review, and the chair repeatedly noted that some measures would be taken up later in the agenda. The committee then heard a series of special language amendments and agency-related items. Representative Dalby explained a clarification to Senate Bill 31 to ensure district court installment payment plans are capped at $7.50 rather than being combined with prior $10 fees. Representative Bentley presented an amendment to Senate Bill 36 requiring the Department of Agriculture to notify local officials before certain land-purchase grants, but the amendment failed after concerns that it created a new process and could affect transactions. Bentley also proposed an amendment to Senate Bill 20 to remove Arkansas Children’s Hospital’s exemption from a hospital fee settlement; members questioned the fiscal effects on other hospitals, and the motion failed for lack of a second. Representative Pilkington’s amendments on pharmacy refills using artificial intelligence and on quarry permit notice to mayors were both not adopted, the first for lack of a second and the second for lack of a motion. The committee adopted several other amendments and heard agency testimony on fiscal effects. Senator Tucker’s amendment to Senate Bill 575, which moved certain justice-system fee revenues from special revenue to general revenue while holding agency funding harmless, was adopted after questions about revenue stability. Representative Beatty’s amendment to House Bill 1022, clarifying ADFA positions and reporting, was also adopted. Senator Johnson’s amendment to protect SNAP eligibility for participants in faith-based treatment and recovery programs was adopted, while his proposal to withhold pay from city directors absent more than 90 days was rejected. His cleanup amendment to apply majority-vote requirements to all municipal forms of government was adopted. Later, Representative Wardlaw’s amendment to allow municipalities to participate in cooperative purchasing agreements was adopted after discussion about local vendor access. The final major item discussed was Representative Mayberry and Senator Crowell’s amendment to House Bill 1007, which would increase funding for Arkansas’s ABC early childhood programs, open additional slots, and raise reimbursement rates. Supporters said the measure would help reduce waiting lists and improve kindergarten readiness; opponents argued it would divert dollars from public education funding. After debate, the amendment failed. The committee then began hearing Senator Irvin’s amendment to House Bill 107 concerning funding and operational rules for newly formed isolated school districts, with Department of Education staff explaining the proposed 90% foundation funding approach and discussing whether existing districts had sufficient funds to absorb the changes.

Transcript Highlights:

• on to the Committee on Finance. on to the Committee on Finance.
• Finance. Finance.
• The bill is passed on to the Committee on Finance as adopted, as amended.
• <02:04:56.160> Um<02:04:56.280> I were chosen outside of that pool.
• Um I were chosen outside of that pool.

Keywords: 1187, senate, all

Transcript Highlights:

• I call the House Higher Education Finance and Policy Committee to order.
• I'm the Vice President of Finance and Treasury for CentraCare. Thank you for having us.
• President of Finance and Treasury for CentraCare. Thank you for having us.
• Rural Health Academic Affiliation Finance Subcommittee.
• If we can't, then we take it to the finance subcommittee with the other two members.

Transcript Highlights:

• Um, he couldn't find the additional financing to, he owned a place, but he couldn't have the financing
• Um, he couldn't find the additional financing to, he owned a place, but he couldn't have the financing
• :47:50.599> to but he couldn't have the financing to but he couldn't have the financing to fix
• re seller financing seller financing re seller financing contracts<00:52:54.799> renewal<00:52
• to a 3 or 4% finance charge?

Keywords: 1187, senate, all

Transcript Highlights:

• The question before the Finance Committee... this morning is whether Robert F.
• I know where Democrats on this Finance Committee stand when it comes to an agenda to lower costs and
• health care, if you smoke cigarettes for 20 years and you get cancer, you are now taking from the pool
• You can't get water infiltration; water pools up and washes the soil off. Agronomists now...
• You have been accessible to the members and staff on both sides of the aisle of the Finance Committee

Transcript Highlights:

• The Senate Committee on Finance will come to order. Well, the green light's on. Okay.
• It's great to be back on the Senate Finance Committee.
• It's great to be back on the Senate Finance Committee.
• TIDC is financed by GR and GRD funds.
• Item 1, the method of finance swap.

Bills: SB 1

Keywords: campground safety, youth camp regulations, flood safety, emergency evacuation, health and safety standards

Summary: The Senate Finance Committee convened for its first hearing of the 89th regular session, confirmed a quorum, adopted committee rules by a 15-0 vote, and began review of Senate Bill 1, the state budget for fiscal years 2026-27. Chair Huffman outlined the committee’s organization, introduced staff, and described the budget as conservative and focused on one-time investments. She highlighted major SB 1 priorities including property tax relief, full funding for public education formulas, teacher pay, school safety, border security, Medicaid growth, dementia research, energy and water infrastructure, transportation, wildfire suppression, and other capital and public safety needs. Comptroller Glenn Hager presented the biennial revenue estimate, saying the state has $194.6 billion available for general-purpose spending in 2026-27, with a projected $23.8 billion ending balance from the current biennium. He cautioned that revenue growth is returning to more normal levels and that lawmakers should avoid committing short-term surpluses to ongoing expenses. He also explained that the Economic Stabilization Fund is projected to hit its constitutional cap, meaning an estimated $5.6 billion in severance tax and related revenue would remain in general revenue in the upcoming biennium rather than flow into the fund. Senators discussed whether to raise or rename the fund and the implications of keeping more severance-tax revenue in general revenue. The Legislative Budget Board then gave an overview of SB 1 and the budget’s major funding changes. LBB staff explained that the bill is essentially flat at $332.9 billion in all funds, but includes large method-of-finance shifts and major property tax relief. They detailed how prior property tax relief enacted in the 88th Legislature grew from an estimated $18 billion to $22.7 billion because of higher property values and hold-harmless provisions, and said SB 1 continues that relief with a total of $51 billion in ongoing and new property tax support. Members asked extensive questions about the automatic growth in school tax compression, the constitutional homestead exemption, COVID-era federal funding, Medicaid assumptions, and the sunset of the non-homestead circuit breaker. No additional votes or final budget actions were taken beyond adoption of the committee rules.