Video & Transcript Research : 'Inflation'

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TX

Texas 89th Regular

S/C on Property Tax Appraisals Apr 3rd, 2025

S/C on Property Tax Appraisals

Transcript Highlights:
  • decrease but appraisals remain. unchanged for multiple years, homeowners will be taxed on an outdated, inflated
  • Since 2021, the median property taxes on Texas homes grew by 26% for inflation.
CA
Transcript Highlights:
  • My request to have an inflation factor built in so that the fee would at least adjust accordingly.
  • legislature, point that out, and hopefully it will still be here, and we can fight to try to get the inflation
Keywords: 988, house, all
TX

Texas 89th 2nd C.S.

89th Legislative Session Mar 14th, 2025

Texas House Floor Meeting

Transcript Highlights:
  • linked to the annual adjustment of the basic allotment of the foundation school program to reflect inflation
  • amount of the basic allotment and the guaranteed yield under the Foundation school program to deflect inflation
TX

Texas 89th 2nd C.S.

Agriculture & Livestock Mar 11th, 2025

Agriculture & Livestock

Transcript Highlights:
  • Up from our estimate of $2 billion in previous sessions just simply due to the cost of inflation and
  • Instead of what it is now, just because we've added the number of dams to the list and because of inflation
Bills: HB294
MN
Transcript Highlights:
  • First of all, I don't know what the status of the $114 million in federal Inflation Reduction Act funds
  • First of all, I don't know what the status of the $114 million in federal Inflation Reduction Act funds
Keywords: 919, house, all
Summary: The committee heard extended discussion on House File 8, a bill aimed at changing Minnesota’s permitting and environmental review process. Supporters said the bill is intended to help small and medium-sized businesses and projects that face long delays, and argued that the proposal does not lower environmental standards. They described the bill as modeled in part on provisions used in other states, including a staggered permitting process and an expedited option, and said the goal is to improve transparency, reporting, and real-time public access to permit information. Members raised concerns about whether the bill could also benefit large corporations and major industrial projects, including mining and other large facilities, rather than just smaller businesses. Several lawmakers questioned the use of county-based public input, the lack of tribal consultation, and how the bill would interact with treaty rights and communities outside the affected county. Others argued that the bill could create risks by speeding permits for bad actors or by allowing larger entities to pay for expedited treatment. Testimony also referenced examples from the Minnesota Chamber’s report, with a witness disputing the claim that permitting alone drove companies out of Minnesota and saying those cases involved more complex facts. The committee first considered a motion to lay the bill on the table, but that motion failed on a 5-7 roll call. The committee then voted on a motion to re-refer House File 8, as amended, to the Labor and Workforce Development Committee. That motion passed 7-5, and the bill was sent on to that committee.
MN
Transcript Highlights:
  • The main culprits are inflation and state spending outpacing revenue.
  • Of that growth, $1.3 billion is a result of accounting for two additional years of discretionary inflation
Keywords: 1187, senate, all
Summary: The program opened with interviews on the start of Minnesota’s 94th Senate session, where the chamber is evenly split 33-33 after the death of DFL Senator Kari Dziedzic and a special election to fill the vacancy. DFL Majority Leader Aaron Murphy and Republican Leader Mark Johnson both said the tied Senate and narrow margins in both chambers will require more cooperation and compromise. Murphy emphasized affordability issues such as health care, child care, housing, college costs, and medical debt, while Johnson said Republicans want to refocus on Minnesota’s needs, limit tax increases and mandates, and use the split chamber to gain more influence in negotiations. Both leaders said they expect bipartisan work on issues like mental health, EMS, public school funding, permitting reform, and mandate reform. Former Senator Ann Johnson Stewart was also sworn in after winning the special election for District 45 and said she hopes to work on infrastructure, transportation, bonding, and jobs. The Senate Finance Committee then held a hearing on the social impact of legalizing online sports betting. Testimony from researchers and gambling addiction experts warned that online sports betting can contribute to addiction, family harm, and financial distress, with one witness describing it as a public health disaster and citing higher bankruptcy filings in states that legalize it. Committee discussion also reflected the competing view that many Minnesotans want the option to bet legally, while lawmakers have a responsibility to protect residents from harm. The final segment focused on Minnesota’s budget and economic forecast. Officials said the state is expected to end the 2026-2027 biennium with a surplus, but spending growth is projected to outpace revenues in the following years, creating a structural deficit of nearly $6 billion in fiscal years 2028-2029. Legislators said the forecast underscores the need to address spending, inflation, and long-term obligations such as special education and disability services, and some Republicans called for attention to waste, fraud, and abuse. The report noted that an updated forecast will be released in February, which could further shape budget negotiations.
NH

New Hampshire 2026 Regular Session

House Commerce and Consumer Affairs (02/04/2026)

Commerce and Consumer Affairs

Transcript Highlights:
  • And finally, rising litigation costs, sometimes called social inflation, where jury awards and legal
  • ,<01:43:19.280> where sometimes called social inflation, where sometimes called social inflation
  • Well, inflation and a lot of it is debt. And that's something you can get at.
  • >> Well,<02:01:48.159> inflation<02:01:48.719> and<02:01:48.960> a<02:01:49.119
  • Well, inflation and a lot of it is debt. And that's something you can get at.
Keywords: 1189, house, all
MN

Minnesota 2025-2026 Regular Session

Committee on Human Services - 04/09/25

Human Services

Transcript Highlights:
  • And um, so I sat through this myself in 2011, and with inflation it could have been Senator Hoffman's
  • 2011 and I hadn't do this myself. uh in 2011 and I with<00:11:41.839> the<00:11:42.000> inflation
  • > it<00:11:42.560> could<00:11:42.640> have<00:11:42.800> been with the inflation
  • it could have been with the inflation it could have been Senator<00:11:43.279> Hoff<00:11:43.600
  • about the shift to a CPI based inflation about the shift to a CPI based inflation formula<01:26:
Keywords: 1187, senate, all
CA

California 2025-2026 Regular Session

Assembly Budget Committee Jun 15th, 2026

Budget

Transcript Highlights:
  • This COLA doesn't even keep up with inflation. Thank you for your support.
  • This COLA doesn't even keep up with inflation. Thank you for your support. Thank you. Thank you.
  • This proposed COLA does not keep pace with inflation. We are not asking for special treatment.
Keywords: 988, house, all
Summary: The Assembly Budget Committee met to consider the 2026 Budget Act, which leaders described as the compromise budget expected to move to the floor later that evening. Opening remarks emphasized that the plan balances the budget over two years, reduces the structural deficit, and builds reserves, while also protecting core programs from federal cuts. Jason Sisney outlined the legislative budget plan, saying it uses higher-than-expected revenues and reserve balances to reject some proposed reductions and fund temporary restorations and new spending in areas such as education, child care, health care, housing, homelessness, and public safety. Department of Finance representatives said the administration appreciated the two-year balanced framework and the effort to address out-year deficits, while noting the plan includes additional spending and revenue changes. Sisney also previewed floor bills including AB 109, SB 110, SB 122, and SB 125, with SB 122 described as a modification to the tax credit proposal and SB 125 as the managed care organization tax proposal. Subcommittee chairs then described the major policy choices in their areas. Health chair Addis said the budget responds to federal health care rollbacks by protecting Medi-Cal, clinics, hospitals, dental care, and other safety-net services, while also supporting reproductive care, gender-affirming care, and county health systems. Education chair Alvarez highlighted increased school funding, expanded learning, special education, teacher support, community colleges, and a change to Cal Grant eligibility for older community college students. Other chairs emphasized child care expansions, homelessness and housing funding, prison closure and criminal justice savings, wildfire mitigation, county support for Medi-Cal and CalFresh administration, and accountability measures tied to homelessness and corrections spending. Several members also raised concerns or priorities, including the impact of the MCO tax on providers, the need for more support for local journalism, transit and climate funding, biotech and R&D incentives, and continued work on Prop 98 and long-term revenue solutions. No formal votes were taken in the portion provided, but members broadly expressed support for the budget framework and the need to continue negotiations with the administration before final passage. The committee discussion repeatedly framed the budget as a response to federal policy changes and a choice to protect vulnerable Californians while maintaining fiscal responsibility. The vice chair, citing LAO warnings about future volatility and limited reserves, pressed Finance on whether the budget represented a record-sized state budget and whether revenues were also at record levels, underscoring concerns about the state’s preparedness for a downturn.
NV
Transcript Highlights:
  • And this inflation, of course, is just something that would, in the long run, harm business and harm
  • life-changing drugs by extending the benefits of federally negotiated Medicare drug prices under the Inflation
  • paid for prescription drugs in Nevada based on the maximum fair price as determined pursuant to the Inflation
CA

California 2025-2026 Regular Session

Assembly Education Committee Mar 26th, 2025

Transcript Highlights:
  • That was like literally four decades ago, not even taking account of inflation or the fact that the responsibility
  • required financial capacity to modernize and responsibly increase their compensation to keep pace with inflation
  • The other piece is inflation protection.
Summary: The Assembly Education Committee heard several education bills, with AB 887 by Assemblymember Berman proposing that every school district and charter school adopt a plan so all high schools offer at least one computer science course by 2029-30. Supporters, including a teacher and student, argued California is falling behind other states and that computer science is essential for student opportunity and workforce readiness. ACSA opposed the bill, citing the shortage of qualified computer science teachers and administrative burden. The bill passed the committee on a 6-0 vote and was sent to Appropriations. The committee also heard AB 1390 by Assemblymember Solache, which would allow local and county school boards to raise trustee compensation above long-standing statutory minimums that have not changed in decades. Supporters said the current stipends are too low to make board service accessible to working families and younger community members. There was no opposition testimony, and the bill passed with five votes, with the roll left open for additional members. AB 865 by Assemblymember Gonzalez would create a $5 million, three-year grant program for dual-language immersion instructional materials, split between high-demand languages and other languages. Supporters said districts often lack standards-aligned materials in languages beyond Spanish, forcing teachers to create their own. The bill passed 7-0 to Appropriations. AB 857 by Assemblymember Gibson, requiring annual cultural competency training for K-12 staff, also passed 5-1 after supporters linked it to the state reparations task force report and argued it would improve trust and student outcomes. The committee additionally approved AB 677 by Assemblymember Bryan, which would make it easier for unhoused students to access school-based vision and dental screenings by allowing directory information to be used for that purpose with an opt-out process; it passed 8-0. AB 903 by Assemblymember Avila Farias, directing the Department of Education to develop best practices on education technology and digital equity, passed after amendments and with some opponents indicating they would remove opposition once the amendments were in print. Finally, AB 917 by Assemblymember Avila Farias, extending permanent-status protections to certain educators in small districts and county programs, drew significant opposition from small districts and regional occupational programs over flexibility and funding concerns; the bill still passed 5-2 with the roll held open for additional votes.
US

US Federal 2025-2026 Regular Session

US House Floor Proceedings (Friday, December 12, 2025)

US Federal House Floor Meeting

Transcript Highlights:
  • Both of these figures are vastly outpacing inflation, which is already sky-high thanks to the president's
  • Both of these figures are vastly outpacing<00:31:14.159> inflation,<00:31:15.039> which
  • Under the Biden administration, inflation surged to levels that we haven't seen in decades, in generations
  • that we have been awful inflation that we have been experiencing experiencing experiencing as<03:17:
  • Washington inflated the demand with subsidies and mandates while simultaneously choking off the
US

US Federal 2025-2026 Regular Session

US House Floor Proceedings (Wednesday, March 26, 2025)

US Federal House Floor Meeting

Transcript Highlights:
  • after four years of<04:35:24.840> President<04:35:25.240> Biden's<04:35:26.000> inflation
  • <04:35:27.000> business of President Biden's inflation business of President Biden's inflation
  • tax credit, the doubling of the standard deduction, encouraging increased wage growth without the inflation
  • tax credit, the doubling of the standard deduction, encouraging increased wage growth without the inflation
  • tax credit, the doubling of the standard deduction, encouraging increased wage growth without the inflation
HI
Transcript Highlights:
  • So it's going to have an inflated cost based on who's responding to that survey.
  • <01:42:58.080> an market so it's going to have a an market so it's going to have a an inflated
  • cost based on who's responding inflated cost based on who's responding to<01:43:01.320> that<
  • <01:47:40.920> list<01:47:41.400> price<01:47:42.400> my artificially inflated
  • list price my artificially inflated list price my request<01:47:43.159> is<01:47:43.280> that
Keywords: 910, house, all
Summary: The committee first took up SB 1494 on hearing aids. Testimony was generally supportive of expanding hearing-aid coverage, with the Insurance Division raising concern about possible federal defrayment issues, SHPDA supporting the goal of hearing augmentation, DCAB strongly supporting the bill as an important access issue, and health plans and insurers asking for amendments. Kaiser Permanente and the Hawaii Association of Health Plans requested changes to add a medical-necessity standard and clarify annual notice language, while HMSA suggested the proposal should be studied by the auditor. The chair noted concerns about federal preemption and the lack of an audit, and deferred the bill in favor of a related resolution calling for a study. The committee then heard SB 1448, an emergency appropriation for the Hawaii State Hospital. DAGS and the Department of Health supported the measure, with the hospital administrator saying the funding would improve the environment of care, support cleaning, and allow a third-party review of the building. Committee members questioned the size of the request and the status of litigation against the design-builder. Administration witnesses said they were pursuing a comprehensive study involving destructive testing, had made a demand on the design-builder to fund the study, and were using different processes than before. They also said the roof work would be handled through a separate CIP request. No final action was taken in the portion provided. The committee next heard SB 1432, relating to the future responsibilities of the Department of Health and land issues at Kalaupapa after the last patient dies. DOH supported the bill in part but said its long-term role would be limited mainly to environmental cleanup, with operations expected to continue under the National Park Service and land-use decisions left to DHHL and beneficiary consultation. DHHL asked that the measure reflect that any land-use or zoning changes on homeland lands require commission approval and beneficiary consultation. Testifiers from Kalaupapa and Maui County, including Degra Vanderbilt-Papa and Council Member Keani Rollins-Fernandez, supported deferring the bill, saying there had been no meaningful community discussion about provisions affecting Kalaupapa’s future management and possible transfer of responsibilities to Maui County. The committee also read into the record written testimony from Gloria Marks emphasizing that Kalaupapa stakeholders must be included in future discussions. Finally, the committee heard SB 955 on fitness-to-proceed examinations. The Judiciary and the Public Defender’s Office both supported raising pay and standardizing expectations for private examiners, but opposed reducing felony fitness evaluations from three examiners to one and opposed expanding use of expedited reports. They argued that a single examiner would reduce reliability, create a more adversarial process, and likely increase costs and contested hearings, while expedited reports do not contain enough information for a proper fitness determination. The Department of Health also supported the bill’s intent but asked to preserve a three-examiner framework and said the goal was to reduce the number of people sent to the State Hospital, where admissions have reportedly risen about 20% year over year since Act 26. The bill remained under discussion in the excerpt, with no final vote shown.
CA

California 2025-2026 Regular Session

Assembly Floor Session Feb 17th, 2026

California House Floor Meeting

Transcript Highlights:
  • school newspaper and doing a lot of really important investigative journalism, especially on grade inflation
Summary: The Assembly convened after a quorum call and brief procedural business, including approval of a motion to withdraw SB 107 and SB 117 from the Senate Budget and Fiscal Review Committee and place them on third reading. Members also approved procedural requests for adjournment-in-memory remarks and guest seating, and later took up the daily file. The main floor item was H.R. 80, a resolution recognizing Lunar New Year. Assembly Member Fong presented the resolution, and several members from different caucuses spoke in support, emphasizing the holiday’s cultural significance, themes of renewal and family, and California’s large AAPI community. The resolution was opened for coauthors, received 62 coauthors, and was then adopted by voice vote. Fong also distributed prosperity cookie boxes to members after passage. The chamber also observed moments of silence for Reverend Jesse Jackson and later for Babatunde Akinlola and Harold Tripp during adjournments in memory. Members gave tributes highlighting Akinlola’s film and education career and Tripp’s leadership in the Karuk Tribe and work on tribal restoration and natural resources. The session ended with announcements of upcoming committee meetings and adjournment until Thursday, February 19 at 9 a.m.
AZ

Arizona 2026 Regular Session

02/16/2026 - House Land, Agriculture & Rural Affairs

Land, Agriculture & Rural Affairs

Transcript Highlights:
  • Rising insurance premiums are not Arizona-specific, but are due to inflation and increased incidence
Summary: The committee heard three measures. HB 2013 would require the Arizona Department of Environmental Quality to submit an exceptional event demonstration to the EPA when wildfires on federally managed land affect Arizona air quality. Sponsor Rep. Lisa Fink said the bill is intended to prevent Arizona from being penalized for wildfire-driven air quality problems and could help reduce regulatory burdens. Sierra Club opposed the bill, arguing the existing exceptional-event process already requires case-by-case analysis, that automatic filings could be unnecessary or ineffective, and that the bill lacked an appropriation. ADEQ testified neutral. The committee approved HB 2013 on a 5-1 vote. HB 2292 would create the Wildfire Prevention Authority and Fund under the Arizona Department of Forestry and Fire Management; a committee amendment renamed it the Wildfire Mitigation and Risk Reduction Authority and Fund, capped administrative expenses at 8%, and prioritized funding for single-family and multi-family dwellings. Supporters, including Coconino County Vice Chair Geronimo Vasquez and the County Supervisors Association, said the bill would provide a coordinated, data-driven wildfire mitigation program funded by a $20 million annual diversion from insurance premium tax revenues, helping reduce wildfire damage and stabilize insurance costs. Members discussed the funding source as an existing tax diversion rather than a new tax. The committee adopted the amendment and then passed HB 2292 as amended on an 8-0 vote. HCM 2011 urges Congress to pass federal legislation to delist the Mexican wolf, defund the reintroduction program, and transfer management to local authorities. The sponsor said the memorial responds to ranching impacts from wolf predation and supports federal action already moving in Congress. Sierra Club opposed the memorial, saying the species remains insufficiently recovered and that delisting would be premature. After debate, including comments both supporting and opposing delisting, the committee approved HCM 2011 on a 5-2 vote and then adjourned.
TX
Transcript Highlights:
  • unfortunately, today, structural changes in the capital markets coupled with rising interest rates, cost inflation
TX
Transcript Highlights:
  • , today structural changes in the capital markets, coupled with rising interest rates... ...cost inflation
Keywords: 1184, house, all
WA
Transcript Highlights:
  • Due to a lot of decreasing revenue and inflation and increased needs here for people in the state of
Summary: House and Senate Democratic leaders held a post-sine-die press availability to describe a difficult 2025 session and the major budget and policy outcomes. They said the state faced a $16 billion operating shortfall and an $8 billion transportation gap, along with inflation, slowing revenue, federal uncertainty, and a new governor. Despite that, they said the chambers reached balanced operating and transportation budgets while trying to avoid harming vulnerable residents or overburdening working families. The leaders highlighted several priorities they said were advanced: increased school funding, including about $1.4 billion more for special education; housing measures such as rent stabilization, parking minimum reforms, lot-splitting, and middle-housing enforcement; and public safety funding, including a $100 million one-time law-enforcement appropriation requested by Governor Ferguson. They also discussed a community reinvestment approach and said local governments would have more flexibility to fund community safety. They acknowledged that balancing the budget required painful cuts and tradeoffs, including delays to child support pass-through payments and TANF benefits, reduced support for higher education and student aid, higher child-care copays and fewer child-care slots, closure of one prison and four reentry centers, and reductions in managed care payments. They also said the tax package included modest business tax increases, including a surcharge on some large businesses and sales tax changes for certain services, and that a wealth tax remained alive for future sessions even though it was not part of this year’s budget. Much of the discussion focused on the new governor’s role and whether there was tension over his review of the budget and bills. Leaders said communication with the governor and his staff had improved over the session, that they expected him to carefully review the legislation, and that they were not reading anything into his absence from the press conference. They repeatedly emphasized bipartisan and bicameral collaboration, and several speakers described the session as one of the most challenging they had experienced, citing the budget gap, federal uncertainty, and recent personal losses in the Legislature.