Video & Transcript Research : 'debt restructuring'
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TX
Texas 89th Regular
Appropriations - S/C on Article III Feb 24th, 2025
Appropriations - S/C on Article III
Transcript Highlights:
- Our state's permanent school fund also guarantees almost $5 billion. in outstanding debt or bonds for
- for local public input for local approval of the debt. Is it voter approved?
- I don't think there's any, there's not going to be any local approval of the debt.
- The Charter Governing Board has to approve the debt. like an ISD governing board has to approve the debt
- and then there's $120 billion of ISD debt guaranteed by the PSF.
MN
Transcript Highlights:
- The next one is credit card debt that they had, or some kind of medical expense.
- The next one is credit card debt that they had, or some kind of medical expense.
- The next one is credit card debt that they had, or some kind of medical expense.
- right now is the debt they bring into<00:31:58.160>
the <00:31:58.240>situation. - <00:32:13.160>
that The next one is credit card debt that The next one is credit card debt
Keywords:
HF2715, homestead credit refund, property tax refund, property tax relief, homeowner tax relief, homestead credit, co-pay reduction, Minnesota property taxes, tax rebate, state refund, income thresholds, inflation adjustment, property tax circuit breaker, housing affordability, elderly homeowners, fixed income, taxation, Minnesota Statutes 290A.04, renters credit, income tax
MN
Transcript Highlights:
- This next chart shows the amount of TIF debt statewide.
- So there’s about a little over $1.8 billion of TIF debt, and by far the most common type of debt is a
- uh Statewide so there's about Tiff debt uh Statewide so there's about one<00:18:23.559>
point - uh and by far most common um Tiff debt uh and by far most common um type<00:18:29.559>
of <00: - 18:29.720>
debt <00:18:30.080>is <00:18:30.200>a <00:18:30.400>pay <00:18:
Summary:
The Minnesota Senate Taxes Committee met on February 6, 2025, and first approved the February 5 minutes. The main item was the Office of the State Auditor’s annual report on tax increment financing (TIF), presented by Jason Nord in place of Auditor Blaha, who was ill. Nord explained how TIF captures new property value to finance development, and reviewed statewide data for 2023 reported in 2024.
The report said TIF was used by 382 authorities statewide, with 378 authorities reporting on 1,678 districts. Redevelopment and housing/economic development districts made up the vast majority of districts, with housing districts becoming especially common in Greater Minnesota. Of the $238 million in tax increment generated in 2023, 78% came from the metro area, and most dollars came from redevelopment districts. The report also noted $7.4 million in increment returned to counties, cities, and school districts, and described long-term trends showing early growth in TIF use, reforms in the 1980s and 1990s, a drop after 2002 property tax changes, and another decline after many older districts reached maximum duration.
Committee members asked about uncodified districts, the location of the remaining pre-1979 district, whether the same cities continue using TIF over time, and how Minnesota compares with other states. Nord said the uncodified districts include housing replacement and special-law districts, the pre-1979 district is in Princeton, and the number of authorities starting or stopping use each year is usually small. He also said Minnesota differs from many states, including by allowing pooling. The presentation highlighted that TIF debt statewide is a little over $1.8 billion, mostly in pay-as-you-go notes rather than general obligation bonds, and that many districts decertify early—often years before their maximum term—supporting the chair’s interest in legislation to shorten redevelopment district duration and repeal renewal and renovation districts. No votes were taken on the report.
MN
Minnesota 2025-2026 Regular Session
Minnesota House OKs omnibus commerce bill that includes cryptocurrency kiosk ban 4/23/26
Minnesota House Floor Meeting
Transcript Highlights:
- So it ensures proper regulatory scope and clarifies who counts as a debt collector.
- regulatory scope and clarifies who counts<00:03:58.080>
as <00:03:58.239>a <00:03:58.400>debt - <00:03:59.519>
Um <00:03:59.760>we <00:03:59.920>also counts as a debt collector - Um we also counts as a debt collector.
Summary:
House File 4188, the commerce omnibus policy bill, was presented as a consumer-protection measure covering several areas: a statewide ban on crypto ATMs/kiosks beginning August 1, 2026; new recordkeeping and complaint-handling requirements; student loan borrower protections; restrictions on deceptive insurance advertising and insurance lead generators; bullion dealer jurisdiction clarifications; appraisal and appraisal management reporting requirements; scrap metal transaction tracking; collection agency clarifications; and unclaimed property improvements. The bill author said the overall goal was to address real consumer harm, especially scams and transparency issues.
Representative O'Driscoll urged adoption of the A3 amendment, explaining that it removed tax provisions that had come late in the process and could be handled in the tax bill instead. The amendment was adopted without objection. During floor debate on the bill, Representative Roach opposed the crypto kiosk ban, saying the state could regulate fraud without eliminating the machines entirely. Representative O'Driscoll defended the ban as necessary to protect older and vulnerable Minnesotans from scam tactics, and Representative McDonald raised concerns about a separate scrap metal licensing provision and a $500 late fee, which Representative Holland said had been recommended by the Department of Commerce.
After discussion, the bill author reiterated support for the measure and thanked committee and staff members. The House then took a roll call vote and passed House File 4188 as amended by a vote of 122-12, with its title agreed to.
KY
Kentucky 2026 Regular Session
House Standing Committee on Postsecondary Education (3-24-26)
Postsecondary Education
Transcript Highlights:
- , their academic offerings in the health care field, uh have about knowing what it takes, what the debt
- have about knowing what it takes, what have about knowing what it takes, what the<00:04:24.280>
debt - c> what<00:04:25.440>
where <00:04:25.600>they <00:04:25.760>recruit, the debt - is, what where they recruit, the debt is, what where they recruit, what<00:04:26.600>
their <00
MS
Transcript Highlights:
- of places from the federal government because the country is pushing toward $40 trillion worth of debt
- we're pushing toward $40 trillion<00:11:59.040>
worth <00:11:59.279>of <00:11:59.440>debt - /c><00:12:00.079>
But <00:12:00.320>this <00:12:00.720>$128 trillion worth of debt - But this $128 trillion worth of debt.
Summary:
The committee considered five bills. SB 2567, the Mississippi Pediatric Access to Critical Health Care Protection Act, would allow a border hospital to accept Medicaid patients and payments; it was moved as title sufficient and reported, with one member opposing. SB 2571, the Foster Youth Earn Benefit Protection for Success Act, would require Social Security survivor or disability benefits for foster youth to be used for the child rather than reimbursing the state for foster care costs; the sponsor said the bill follows federal guidance and other states’ practices, and it was reported after a title-sufficient motion, with one opposition.
SB 2708 would require insurers to cover postpartum depression screenings. Senator Boyd said most insurers already do this, and he offered an amendment to strike lines 364-368 because of concerns about step-therapy language; the committee adopted the amendment and then reported the bill. SB 2765 would open code sections related to DHS and Medicaid income verification so Mississippi can respond to federal error-rate penalties tied to SNAP and related programs; Senator Sparks said the state’s 10.69% error rate could trigger about $128 million in annual penalties, and members discussed whether the state’s change-reporting rules may be inflating that rate. The bill was reported.
The final bill, SB 2746, the Older Mississippians Act, was described by DHS as a cleanup measure that updates aging-services statutes, formally designates Mississippi as the state unit on aging, and removes obsolete program references. After brief discussion, it was reported on a title-sufficient motion. At the end of the meeting, Senator McMahan publicly thanked the chair for his work, and the committee then moved to rise and report.
CA
California 2025-2026 Regular Session
Assembly Banking and Finance Committee Jul 7th, 2025
Banking and Finance
Transcript Highlights:
- The goal is not to get rid of an industry or to reduce market competition. into debt for home improvements
- My constituents are now drowning in debt, facing damaged credit, and some are ending up in the emergency
- The homeowner is left with the debt and no way out.
- legal services organization serving low to moderate-income consumers across California on housing, debt
TX
Transcript Highlights:
- We're not having to increase the debt load on the city.
- We're minimizing that debt when we do go to bond elections.
- Because they went back and they increased their debt load, they lied to city council, saying they had
- And then if you have debt you have to pay, if your voters have approved bond programs and you have debt
- That allows us to reduce the reliance on debt funding and debt service, which ultimately is funded by
Keywords:
property tax, school funding, enrollment changes, inflation adjustment, tax rate notice, property tax exemption, ad valorem tax, Texas Tax Code, nonprofit corporation, charitable organization, educational nonprofit, scientific nonprofit, agriculture support, youth programs, community education, county population threshold, large county, local government revenue, leasehold interest, possessory interest
NH
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Financial Services Jun 21st, 2026 at 11:00 am
Joint Committee on Financial Services
Transcript Highlights:
- It's turning into a big area, and student debt is still a big area.
- And student debt is still a big area.
- We work on everything from mortgages to credit reports to debt collection to high-cost lending, so anything
- I've worked for many years now on the Debt Collection Fairness Act, which is up again.
- Thanks for your hard work on the debt collection bill, and many people in the room thank you for your
Summary:
The committee held an informational opening hearing for the Financial Services Committee, with Chair Murphy and Senator Feeney introducing new and returning members and explaining that no bills were being heard that day beyond brief introductory testimony. Commissioner of Banks Mary Gallagher thanked the committee for last session’s money transmission modernization law, and several members echoed appreciation for her office’s work. The hearing then featured a long series of stakeholder introductions and overviews of their priorities for the session.
Testimony covered a wide range of financial, insurance, housing, health care, and consumer issues. Banking and mortgage groups discussed housing affordability, foreclosure delinquencies, flood insurance, regulatory changes, and the impact of federal policy shifts. Insurance representatives raised concerns about auto and homeowners market pressures, labor rates, tariffs, rebates, e-titling, third-party litigation funding, and public adjuster restrictions. Consumer and advocacy groups highlighted debt collection reform, earned wage access, retirement savings access, public banking, and consumer protections in financial services. Several speakers also emphasized the need for committee expertise and offered themselves as resources for future bills.
Health-related organizations focused on insurance mandates, prior authorization, behavioral health access, pharmacy benefit manager reform, community health center funding, maternal health and midwifery reimbursement, and anesthesia reimbursement parity. Other groups, including credit unions, retailers, auto dealers, dental and medical associations, and behavioral health providers, described their roles in the Commonwealth and previewed legislation or policy areas they expect to follow this session. No votes were taken; the meeting was informational and ended after testimony from the sign-up list and a few late additions.
CA
Transcript Highlights:
- They ran into debt, and it just wasn't able to sustain itself.
- Northern California racing was not working, putting them into hundreds of thousands of dollars in debt
- Department of Agriculture had to come in and send some money from their department to cover these debts
- Northern California racing was not working, putting them into hundreds of thousands of dollars in debt
- had to come in and send some money from their department to cover these debts.
Summary:
The Senate Committee on Rules met to consider several gubernatorial appointments and a reference of bills to committee. The committee first approved or advanced a series of appointments not required to appear, including Paulette Brown Hines to the California Transportation Commission, Christopher Clark and Laura Capps to the Board of State and Community Corrections, Maggie Hallahan to the Boating and Waterways Commission, Kent Sasaki to the Building Standards Commission, and Danielle N. Munoz to the Board of Barbering and Cosmetology. The committee also approved the reference of bills to committees.
The committee then heard from Tanya Pacheco Warner, PhD, for reappointment to the San Joaquin Valley Unified Air Pollution Control District Board. She described her public health background, her family’s experience with asthma, and her work on agricultural burning phaseouts, mobile-source emissions strategies, AB 617 community programs, and climate and air-quality education. Members questioned her about the economic impacts of air rules on agriculture, the district’s approach to mobile-source reductions amid federal uncertainty, AB 617 community outcomes, and how she communicates climate and air-quality issues. The appointment was approved and moved to the full Senate.
The committee next considered three California Horse Racing Board reappointments: Dennis Alfieri, Damascus Castellanos, and Thomas Hudnut, J.D. The nominees and committee members discussed horse and rider safety improvements, the sharp decline in equine fatalities, the impact of Golden Gate Fields’ closure on Northern California racing, declining interest in the sport, and possible revenue options such as racing-on-demand machines and other gambling-related changes. Public witnesses from the racing industry spoke in support. All three appointments were approved and sent to the full Senate.
Finally, the committee heard from Julie Lee and Ann Patterson, J.D., for the Delta Stewardship Council. Both emphasized the Delta’s importance to statewide water supply, ecosystem protection, science-based decision-making, climate adaptation, and community engagement. Senators asked about the council’s co-equal goals, the role of science and social science, public trust, and whether the council’s mission should continue after specific projects are resolved. A public witness from the Association of California Water Agencies supported both nominees. Both appointments were approved and moved to the full Senate.
MO
Missouri 2026 Regular Session
Special Committee on Property Tax Reform Jan 20th, 2026 at 12:00 pm
Special Committee on Property Tax Reform
Transcript Highlights:
- It clarifies the senior tax freeze and other tax credit programs that debt servicing and bond indebtedness
- It includes debt servicing upon the passing of a constitutional... That as well.
- It includes debt servicing upon the passing of a constitutional amendment saying that debt servicing
- They are supposed to be including the whole, all the bond, the debt servicing levy is supposed to also
- The new construction, eliminating that from Hancock, I might as well put the debt service together with
WA
Washington 2025-2026 Regular Session
House Capital Budget Dec 4th, 2025
Transcript Highlights:
- This was a one-time program that was funded off of essentially the debt payment to Lumen Field...
- About a third of the districts in the state have a debt capacity of less than $30 million.
- The darker colors specifically show those that have less than $10 million debt capacity, and that's not
- program, and this really looks at the various school districts that I mentioned that have really low debt
- program, and this really looks at the various school districts that I mentioned that have really low debt
Summary:
The Capital Budget Committee heard presentations from the Department of Commerce, the Recreation and Conservation Office (RCO), and a consultant on the School Construction Assistance Program (SCAP) study. Commerce officials described their agency’s role in housing, energy, local government, broadband, and other capital programs, and reported on a $5 million pilot under Senate Bill 5200 that used trusted community messengers and technical assistance to help historically excluded organizations prepare for capital funding. They said 18 organizations received direct support and 79 smaller projects were also funded, but emphasized that statutory match rules, reimbursement-based payments, site-control requirements, insurance and audit costs, and extensive contracting rules remain major barriers. Commerce outlined efforts to expand outreach, digital modernization, internal contracting improvements, tribal MOUs, and innovation centers, and members asked about small business support, housing program placement, and outreach to Eastern Washington and communities of color.
RCO described its grant programs for recreation, conservation, education, and salmon/orca recovery, and reviewed equity work done before and after a 2021-23 proviso. The agency had already created a small-communities carve-out in youth athletic facilities, piloted stipends for advisory committee members, and reduced match requirements where allowed. Under the proviso, RCO completed an equity review and a planning program that funded 54 projects across 34 counties, with many applicants being new or long-absent grantees. Staff said the review led to changes in scoring criteria, clearer application guidance, more objective data measures, expanded technical assistance, and targeted community engagement. Members asked about application burden, project sizes, outreach, and how the agency is broadening participation and representation on advisory committees.
The final presentation summarized a planning study on SCAP, which examined rising construction costs, fragmented grant programs, local funding barriers, and uneven district capacity. The report recommended nine major changes, including stronger planning support, a new minor-modernization category, a mechanism to use unused funds more quickly, an education-specification prototype, a SCAP enhancement program for low-capacity districts, acceptance of non-SCAP funds, phased modernization, streamlined D-form and reimbursement processes, and revisions to the SCAP formula to better account for grade-band differences, enrollment projections, and regional cost factors. Additional recommendations included ongoing monitoring and evaluation, facilities-impact reviews, matching SCAP increases to construction-cost inflation, earlier locking of funding estimates, flexible program spaces, and updated statewide building-condition assessments. No votes were taken during the meeting.
TX
Transcript Highlights:
- A substantial portion of this debt is owed by non-custodial parents with limited incomes, who often struggle
- Debtors with more than $40,000 in annual income were responsible for only 4% of the debt.
- This high interest rate compounds the debt, making it increasingly difficult for low-income parents to
- This will help them climb out of the debt trap that often happens when they get into arrearages.
- correctly, basically, it gave the person hope that there was a possibility for them to climb out of debt
Keywords:
business court, civil procedure, litigation, jurisdiction, arbitration, divorce, property division, family law, court jurisdiction, marital assets, parent-child relationship, birth certificate, identity proof, Family Code, court process, attorney fees, court costs, legal expenses, dispute resolution, child support
Summary:
The committee heard several House bills, most of them relating to family law and court procedure, and left each bill pending after testimony. House Bill 1916 would clarify that the court that issued a final divorce decree retains exclusive jurisdiction over later actions involving undivided property. House Bill 1973 would require a certified birth certificate, if reasonably available, to be filed with a SAPCR petition or allow alternative proof of parentage while keeping the information confidential. House Bill 2530 would add qualifications and procedural safeguards for appointing amicus attorneys in SAPCR cases, including notice and hearing requirements, minimum qualifications, conflict rules, and limits on what amicus attorneys may do. House Bill 2524 would make Family Code references to attorney’s fees consistent by using “reasonable and necessary” language. House Bill 3180 would correct a scrivener’s error in the civil discovery rules by changing “settlement” to “statement.”
The committee also heard House Bill 4213, which would change the interest rate on overdue child support from the current 6 percent simple interest to a fixed 5 percent and require the Attorney General to report on the impact of the change. Testimony was sharply divided: supporters argued lower interest could improve collections and help low-income obligors catch up, citing research and the size of child-support arrearages; opponents said lowering the rate would reduce incentives to pay and harm custodial parents and children. The Attorney General’s office raised implementation concerns about a House version that would have created a variable rate, while the committee substitute was described as restoring a simple fixed rate. After testimony, the bill was left pending.
The committee also discussed House Bill 40, updating business court provisions and supplemental jurisdiction; House Bill 3421, streamlining probate procedures for original wills and copies; and House Bill 417, clarifying venue for lawsuits involving private transfer fees on real property. Each drew limited testimony and was left pending. Finally, House Bill 3783 drew extensive testimony on court-ordered counseling and reunification therapy in family cases. The sponsor and supporters said the bill would protect children and abuse victims from coercive, unregulated reunification practices, while opponents argued it was too broad, could interfere with legitimate therapy and judicial discretion, and might affect military families and other high-conflict cases. The committee heard testimony from judges, therapists, parents, survivors, and advocates, but took no final action and left the bill pending.
TX
Texas 89th Regular
Homeland Security, Public Safety & Veterans' Affairs Apr 23rd, 2025
Homeland Security, Public Safety & Veterans' Affairs
Transcript Highlights:
- that particular practice does not produce the result that we want, and it further pushes people into debt
- doing so, you're not engaging in a program. that further criminalizes people, puts them further into debt
- So while there might be one, and then... ...you have all of the debt collection and appearance mechanisms
- If you pass this bill, the Texans I represent who cannot afford to pay ticket debt will still be subject
- they serve their time, and they'll have 1.6 hours less time to serve per charge in the name of their debt
Bills:
HB1455, HB1777, HB2101, HB2136, HB2609, HB3142, HB3552, HB3846, HB4155, HB4514, HB4879, HB4995, HB5014, HB5139, HB5228, HB5436, HCR40
Keywords:
mental health, jail diversion, law enforcement, reporting requirements, criminal justice, data collection, criminal justice reform, intellectual disability, mental illness, data reporting, public safety, reporting, substance abuse, sex offender, driver's license, identification, gunshot detection, unreported gunshots, municipal police, crime investigation
CA
California 2025-2026 Regular Session
Joint Hearing Assembly Business and Professions Committee and Senate Business, Professions and Economic Development Committee Mar 11th, 2025
Transcript Highlights:
- Well, 83% of those licensed retailers are currently in debt to the local taxes.
- Now, when we look at the overall debt, there wasn't really a discussion of where all the debt is coming
- Now, when we look at the overall debt, there wasn't really a discussion of where all the debt is coming
- Most reports say we're between $1.3 and $1.6 billion in state debt that is coming from unpaid taxes.
Summary:
The joint informational hearing focused on the Department of Cannabis Control’s report on the condition and health of California’s cannabis industry. Department staff reviewed the evolution of state cannabis law, the creation of the current regulatory framework, licensing and compliance efforts, and enforcement against illicit cannabis and hemp-derived intoxicating cannabinoids. The department said the licensed market has grown in production and retail units sold, while active licenses and retail sales value have declined, and that the illicit market remains a major competitive factor. The department also highlighted consumer education efforts, product testing and recalls, and coordination through the state enforcement task force and other agencies.
The department’s economist said the data show continued growth in licensed production and a rising share of consumption through the licensed market, but falling wholesale and retail prices have reduced overall industry value. He identified major headwinds as taxes and fees, illicit-market competition, local prohibitions that limit retail access, regulatory costs, and broader business pressures, while noting opportunities in product innovation and possible hemp-market changes. Committee members pressed the department on enforcement, public health concerns, equity ownership and employment, delays in grant administration, pesticide testing, and whether the legal market is truly viable for small businesses and farmers. Several members argued that stronger enforcement and lower costs are needed, while one member raised concerns about cannabis-related health harms and said the hearing focused too narrowly on supply-side issues.
Public commenters from industry groups and advocacy organizations largely echoed concerns about high taxes, regulatory burdens, limited retail access, and the size of the illicit market. Many urged the Legislature not to let the excise tax rise from 15% to 19% and called for tax relief, compliance reform, more enforcement, and broader retail access. Some speakers said the report was too optimistic and did not reflect business failures, debt, and closures, while others emphasized the need to protect small farmers, address wildfire insurance, and support equity businesses. No votes or formal actions were taken; the hearing was informational only.
OK
Oklahoma 2026 Regular Session
Senate Legislative Session Feb 18th, 2026 at 01:30 pm
Oklahoma Senate Floor Meeting
Transcript Highlights:
- Current statute requires that OHDOT will pay for debt using funds apportioned to the Hodges Fund.
- This bill will increase the funding amount reserved to repay that debt obligation and would raise that
- $610 million that's apportioned to the roads fund, just the amount that can be reserved to make those debt
Bills:
HCR1006, SB1226, SB1239, SB1309, SB2132, SB1189, SB1344, SB1295, SB1355, SB1998, SB1330, SB1297, SB1338, SB1546, SB1378, SB1859, SB1333, SB1341, SB1377, SB1990
Keywords:
campaign finance, election spending, political spending, money in politics, constitutional amendment, Citizens United, free speech, ballot measures, elections, corruption, dark money, outside spending, foreign influence, special interests, corporations, unions, federalism, self-government, political equality, term limits
NH
Transcript Highlights:
- consolidation projects, and that this is a separate account that is not being funded beyond what the debt
- funding which we're not beyond<00:10:49.040>
what <00:10:49.279>our <00:10:49.440>debt - beyond what our debt is. beyond what our debt is.
- food services, parent professionals, extracurricular activities, capital improvements, paying off debt
- food services, parent professionals, extracurricular activities, capital improvements, paying off debt
CA
California 2025-2026 Regular Session
Assembly Floor Session Jun 15th, 2026
California House Floor Meeting
Transcript Highlights:
- This fight has gone on for decades, and we owe a debt of gratitude to folks who have fought for that.
- We're also the last state to not pay off our debt, an unemployment debt.
- We're one of the only... ...debt that we took out, we're the last state to not pay it off, and we're
- We're one of the only states to not pay off that debt. So what are we going to do?
- That's coming out of programs because we weren't forward thinking to pay off that debt in the first place
Summary:
The Assembly convened, established a quorum after a roll call, observed a moment of silence for the fatal B-52 crash at Edwards Air Force Base, and proceeded with routine procedural business, including re-referrals of numerous Senate bills to different committees and several rule suspensions to allow bills to be heard or moved. Assembly Member DeMaio attempted to amend and then return AB 109 to the Senate to add health care premium reductions, but the motions were ruled out of order and his request to suspend the rules failed on a 13-45 vote.
The main floor action was on AB 109, the 2026-27 state budget. Assembly Member Gabriel presented the budget as balancing fiscal responsibility with protections for health care, schools, housing, wildfire prevention, and the safety net, while opponents argued it raised costs, underfunded education and public safety, and relied on gimmicks. Supporters emphasized investments in hospitals, Medi-Cal, IHSS, child care, food banks, housing, and reserves, and repeatedly defended the budget’s approach to Proposition 36 funding and prison closures. After extensive debate, the Assembly voted to concur in the Senate amendments to AB 109, and the bill was immediately transmitted to the Governor.
Later, the Assembly took up SCR 89 on diversity, equity, and inclusion. Members from several caucuses spoke in support, arguing DEI is central to equal opportunity, civil rights, and California’s identity, and warning against federal efforts to roll back such programs. Assembly Member DeMaio spoke in opposition, saying DEI treats people differently based on immutable characteristics. The transcript ends during that debate, with the resolution still under consideration.
CA
California 2025-2026 Regular Session
Assembly Floor Session Jun 15th, 2026
California House Floor Meeting
Transcript Highlights:
- This fight has gone on for decades, and we owe a debt of gratitude to folks that have fought for that
- We're also the last state to not pay off our debt, an unemployment debt.
- We're one of the only... ...debt that we took out, we're the last state to not pay it off, and we're
- We're one of the only states to not pay off that debt. So what are we going to do?
- That's coming out of programs because we weren't forward thinking to pay off that debt in the first place
Summary:
The Assembly convened, initially lacked a quorum, and then completed the roll call, prayer, and pledge. Members observed a moment of silence for the fatal B-52 crash at Edwards Air Force Base in Assemblymember Lackey’s district. The body then handled a series of procedural motions, including re-referrals of numerous Senate bills to different committees, suspending rules for committee notices, and taking up the budget bill, AB 109, without reference to file for concurrence in Senate amendments.
Debate on AB 109, the 2026 budget act, centered on competing views of the state’s fiscal condition and policy priorities. Supporters said the budget balances the current and next year’s budget, reduces the structural deficit, builds reserves, protects health care, schools, housing, food assistance, and other safety-net programs, and responds to federal cuts under H.R. 1. Opponents argued the budget increases taxes and costs, shortchanges schools, underfunds Proposition 36, relies on gimmicks, and does not adequately address public safety, cost of living, or long-term sustainability. Several members also highlighted specific provisions such as hospital support, Medi-Cal and IHSS protections, child care, immigrant legal services, prison closure, and funding for courts and victim services.
A motion by Assemblymember DeMaio to return AB 109 to the Senate failed on a roll call vote, 13 ayes to 45 noes. The Assembly then voted on concurrence in the Senate amendments to AB 109; the measure passed, and the Senate amendments were concurred in without objection, with immediate transmittal to the Governor. Afterward, the Assembly moved to the daily file and took up SCR 89, a resolution affirming diversity, equity, and inclusion. Supporters from several caucuses framed DEI as a core California value and a response to federal attacks, while opponents criticized DEI as divisive. The transcript ends during debate on SCR 89, before any final vote is shown.