Video & Transcript : 'capital assets' :
Page 91 of 500
MN
Minnesota 2025-2026 Regular Session
House tax panel hears bill to expand tax incentives for producing sustainable aviation fuel 4/8/26
Minnesota House Floor Meeting
Transcript Highlights:
- Okay, it will be a multi-decade asset, right?
- Kuritan: It will be a multi-decade asset, right?
- Each facility represents significant capital investment and thousands of construction jobs.
- </c> facility represents significant capital facility represents significant capital investment<00:30
- is that, you know, we are capital is that, you know, we are constantly<00:42:11.040><c> just</c><00:
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on State Administration and Regulatory Oversight May 20th, 2026
Joint Committee on State Administration and Regulatory Oversight
Transcript Highlights:
- It's called the asparagus capital of the world, and the history goes back actually hundreds of years,
- During this whole period, Waltham has made a lot of capital improvements and maintained the building
- And it's not just about Waltham; it's a regional asset.
- Stanley said, the capital improvements that the city has put in—millions and millions of dollars—it really
- Hello, and welcome to the asparagus capital. Wonderful asparagus here.
Summary:
The Joint Committee on State Administration and Regulatory Oversight held a public hearing on several bills, including proposals to designate lobster as the official crustacean of the Commonwealth, asparagus as the official state vegetable, and a bill affecting property in Lowell tied to the Lowell Innovation Network Corridor (Link). Legislators also heard testimony on H. 5315 concerning the Veterans Memorial Ice Rink in Waltham and the city’s effort to preserve its long-term lease and right of first refusal, with supporters arguing the rink is a major regional asset for youth hockey and public recreation. Another bill, S. 3061, would make a narrow language change to prior law governing a Lowell property to remove a reversionary clause and clear the way for redevelopment associated with the Link project.
Support for the asparagus bill came from Senator Comerford, Representative Gomez, Hadley Elementary School students and staff, and local farmers, who described asparagus as central to Hadley and western Massachusetts history, agriculture, and identity. They emphasized the student-led nature of the campaign, the region’s long asparagus-growing tradition, and the educational value of the legislative process. Supporters of the lobster designation, including Representative Machino and the Massachusetts Lobstermen’s Association, highlighted lobster’s importance to coastal heritage, sustainability, and the state’s economy, noting the industry’s jobs and annual landings. The Waltham rink bill was backed by Representative Stanley, Mayor McCarthy, and Representative Lawn, who said the city had invested millions in the facility and that losing the lease could harm youth hockey access and the broader community.
Committee members generally responded favorably to the testimony, praising the student advocacy on asparagus, the economic and cultural significance of lobster and farming, and the importance of keeping hockey affordable and accessible. No substantive votes were taken during the hearing itself, and the final action recorded was a motion and second to close the hearing after all testimony concluded.
MA
Massachusetts 2025-2026 Regular Session
Senate Committee on Climate Change and Global Warming May 27th, 2026
Senate Committee on Climate Change and Global Warming
Transcript Highlights:
- Mary Wampo, Director of Asset Management, Energy Residential Fizz and Energy Planning Office for Urban
- And so utilizing these assets for V2G is the most efficient way to bring down costs for all ratepayers
- And I ask that inclusive asset participation language should be protected as well in order to be able
- to take full advantage of all potential assets and not leave anything on the table, such as EV school
- think the point is more about maintaining the mechanism to allow us to continue to utilize these assets
WA
Washington 2025-2026 Regular Session
House Agriculture & Natural Resources Feb 18th, 2026
Transcript Highlights:
- Those assets have been tied in law to benefiting, you keep using the term beneficiaries.
- So it was an asset held by the county. The state then made... ...taxes.
- So it was an asset held by the county.
- And just to be clear... ...asset that at one point the counties actually owned.
- How do you see this relationship between the legislature, right, as the primary asset manager and are
Summary:
The House Agriculture and Natural Resources Committee heard several Senate bills and a joint memorial, with the chair moving items around to accommodate prime sponsors and public testimony. SB 5838 would add two tribal representatives to the Board of Natural Resources, one from each side of the Cascades, and broaden the nomination pool to include tribes with treaty-ceded lands in Washington. The sponsor and tribal and agency witnesses said the bill would add tribal knowledge and stewardship expertise without changing government-to-government consultation. County and industry witnesses raised concerns about fiduciary duties to trust beneficiaries, the lack of stakeholder consultation, and the effect of expanding the board from one to two tribal seats. Public testimony was mixed, and the committee recorded strong support and opposition on the bill.
SB 5816 would add juice grapes to the state Agricultural Marketing and Fair Practices Act, allowing juice grape producers to use the same marketing and negotiation framework already available to pears, sweet corn, and potatoes. The sponsor said the bill would help juice grape growers facing unfair pricing pressure from processors. The committee took limited public testimony and recorded support and opposition before closing the hearing. SJM 8015 urged Congress to ensure federal wildfire response entities remain capable of protecting communities, infrastructure, watersheds, and firefighter health and safety during federal consolidation of wildfire programs. Testimony from environmental groups, forest industry, and union representatives broadly supported the memorial and emphasized rising wildfire risk, smoke impacts, and the need for strong interagency response capacity.
The committee also heard HB 2737, which would cap certain shellfish regulatory fees, exempt the shellfish program from full fee recovery, and apply the caps retroactively. The sponsor and shellfish growers said the Department of Health’s fee increases would be unsustainable for small family farms and processors, while DOH explained it was following a full cost-recovery model unless the Legislature provides general fund support. Witnesses described large projected fee increases and potential business closures, and DOH said it had reopened rulemaking to consider smaller operators. Because the bill was heard after cutoff, the chair noted it could not advance, but the committee still took testimony and discussed possible amendments and follow-up information before adjourning.
OK
Transcript Highlights:
- would make it possible for our charter schools and nonprofit private schools to access dollars for capital
- uncomfortably a bill to amend our Opportunity Scholarship Act to allow those dollars to be available for capital
- uncomfortably a bill to amend our Opportunity Scholarship Act to allow those dollars to be available for capital
- or up to three vehicles, or to cover expenses from damage, disaster, or accidents affecting those assets
Committee:
Senate Revenue and Taxation
Summary:
The committee first considered and unanimously approved the nomination of Keith Ventress to the Oklahoma Development Finance Authority and then to the Oklahoma Industrial Finance Authority. Members noted his banking background and asked a brief question about the reference to old congressional district boundaries in the nomination materials, but there was no substantive opposition and both nominations advanced to the Senate.
House Bill 1590, by Senator Daniels, would create an Oklahoma education infrastructure linked deposit program to provide reduced-interest loans for charter schools and nonprofit private schools for capital and building needs. Supporters said it would use existing state linked-deposit structures already used for agriculture and affordable housing, while opponents raised concerns about using taxpayer-backed funds for private schools, the bill’s broad nonprofit language, and whether it could lead to more state oversight of private education. The bill passed 9-2.
House Bill 1242, which would add survey day to the list of agricultural sales tax exemption items, was discussed briefly but received no motion for a do pass recommendation and remained in committee. House Bill 3818, by Senator Coleman, would create tax-advantaged insurance loss savings accounts for homes and vehicles; members expressed concern about missing definitions, contribution limits, and the potential for abuse, but agreed the concept had promise and the bill passed 9-2 after the enacting clause was stricken for further work. House Bill 4305, as amended, clarified how affordable housing properties are assessed for ad valorem tax purposes by excluding certain income-based subsidies from valuation; after questions about prior court cases and assessment practices, it passed 6-5.
WA
Washington 2025-2026 Regular Session
Legislative Evaluation & Accountability Program Jun 18th, 2025 at 02:00 pm
Legislative Evaluation & Accountability Program
Transcript Highlights:
- included are accounts payable, the general disbursements, the tracking and monitoring of theft-sensitive assets
- session, the LEAP staff will meet with the fiscal staff and coordinators of the omnibus operating, the capital
- The first one is our capital budget application, also known as BuildSum.
- We'll be working directly with the capital analysts throughout the summer in this development and be
Summary:
The LEAP Committee met on June 18, 2025, with introductions from members and staff, and received a report that LEAP had completed a clean audit with no findings for 2020–2024 covering accounts payable, disbursements, theft-sensitive assets, and data backup/recovery. Staff also outlined the interim work plan, including a full rewrite of the capital budget application (BuildSum), updates to the transportation bond model and operating budget application, website/report improvements, and continued cautious research into possible AI uses in budget tools and the website. Members asked about responsible AI use and improving keyword search and mobile usability for the public-facing fiscal website.
The committee then approved the July 8, 2024 minutes and considered several agency budget structure changes. The Department of Corrections was approved to move chemical dependency and sex offender treatment from Offender Change into Health Care Program 500 and to rename Program 700 as Reentry Services. The Department of Revenue was approved to move the AMP program from executive management services into tax analysis, interpretation, and technology support. The Washington State Department of Transportation was approved to rename a toll subprogram for SR 167 and add new subprograms for SR 509 Expressway Operations and SR 167 Expressway Operations to reflect new toll facilities and improve reporting clarity.
Kevin Feltis also provided a staffing update, noting the hiring of three new associate consultants in October 2024 after recent retirements, and announcing that Sherry Randage will retire in December 2025 after more than 35 years of state service. The new staff members briefly introduced themselves, and members thanked Randage for her service. The meeting ended after the committee reached quorum, completed its business, and adjourned.
NM
New Mexico 2025 Regular Session
House - Chamber Meeting Mar 1st, 2025
Transcript Highlights:
- Senate Bill 158, having been amended, is referred to the House Transportation, Public Works and Capital
- Senate Bill 101 as amended, having been read twice by title, is referred to the House Agriculture, Asset
- That landlords still wouldn't be able to A) protect their asset, B) be able to make a decision about
- who lives in their asset.
- And there are so many wonderful assets that we have going for us.
MN
Minnesota 2025-2026 Regular Session
House Higher Education Finance and Policy Committee 3/13/25
Higher Education Finance and Policy
Transcript Highlights:
- overcome mission of helping individuals overcome debt<00:03:34.760><c> build</c><00:03:35.200><c> assets
- ><00:03:35.560><c> and</c><00:03:35.760><c> Achieve</c><00:03:36.120><c> Financial</c> debt build assets
- and Achieve Financial debt build assets and Achieve Financial Wellness<00:03:37.760><c> we</c><00:03
- when students go into default, if there is a penalty or accruing interest, it becomes part of the capital
- debt so it's really very the capital debt so it's really very harmful<00:13:53.600><c> and</c><00:13
Committee:
House Higher Education Finance and Policy
UT
Utah 2025 Regular Session
Public Utilities, Energy, and Technology Interim Committee - November 19, 2025
Public Utilities, Energy, and Technology Interim Committee
Transcript Highlights:
- For simplicity, I will compare this 5.6 gigawatts and all of the generating assets, transmission wires
- The new assets that have to come on to respond to this exponential growth, we wanted to make sure we
- versus... ...phrasing for that in the regulatory environment, like CITUS assigned use assets versus
- system shared assets.
- anymore, those assets become available to Utah customers and Wyoming customers who... ...those assets
TX
Transcript Highlights:
- We're currently working with the First Capital and making sure that we develop that.
- And then the first capital, we received funding last session, and this would be additional funding where
- And then the first capital, we received We are in partnership with the local nonprofit.
- and then we worked with with the private nonprofit who's going to be entering into a $30 million capital
- we are ...nations, photographs, that type of materials, so that we're looking at improving our data asset
Summary:
The joint budget hearing focused on the Texas Historical Commission’s legislative appropriations request and its priorities heading into the Texas bicentennial. Agency officials said prior appropriations from the 89th Legislature have been fully expended or committed, and emphasized ongoing work with the General Land Office and Alamo partners to prepare revolutionary-era sites for increased visitation and interpretation. They highlighted major preservation and development efforts at Presidio La Bahía, Washington-on-the-Brazos, San Felipe de Austin, the First Capital, Monument Hill, and other Republic-era sites, along with continued work on the Texas Holocaust and Genocide, Anti-Semitism Advisory Commission.
A large portion of the discussion centered on specific funding requests and project costs, including an $85 million request for the San Jacinto Monument and battlefield restoration, $16 million for phase two improvements at Washington-on-the-Brazos, and additional funding for Presidio La Bahía/Fannin Monument, the National Museum of the Pacific War, Caddo Mounds, Eisenhower Birthplace, Iwo Jima, and Palmito Ranch Battlefield. Officials also described a $100 million courthouse restoration program already underway, a request to address rising operating costs, staff compensation, and technology upgrades for connectivity, ticketing, reservations, e-commerce, and public access to records. They said visitation to historic sites is growing about 10 percent, with strong interest in revolutionary sites and archaeology.
Members questioned the agency about the San Jacinto project costs, the IT request, visitation trends, and use of the Historic Infrastructure Sustainability Trust Fund. Officials explained that the trust fund provides about $11 million annually, split between historic sites and courthouses, and has supported projects such as Levi Jordan, Port Isabel Lighthouse, Washington-on-the-Brazos, the Goodnight properties, McGuffin Home, Fort Martin Scott, Eisenhower Birthplace, and several courthouses. No votes were taken; after questions and a brief opportunity for public testimony, no witnesses came forward and the hearing adjourned.
CA
California 2025-2026 Regular Session
Assembly Revenue and Taxation Committee Apr 27th, 2026
Revenue and Taxation
Transcript Highlights:
- They provide not only knowledge, great assets to California, but they also pay taxes.
- California's fairgrounds are valuable public assets.
- Ultimately, this is about leveraging private capital to strengthen public assets and deliver lasting
- However, individuals can also work with third parties commonly known as asset finders who can assist
- However, individuals can also work with third parties commonly known as asset finders who can assist
Committee:
House Revenue and Taxation
LA
Louisiana 2026 Regular Session
Human Trafficking in Emergency Departments Task Force May 15th, 2026
Transcript Highlights:
- She just got back from Washington, D.C., the nation's capital, where she testified with Congressman Clay
- I will say it is a great honor to represent Louisiana and all of you in the nation's capital and to elevate
- You're an asset, and you're making a difference every day. So have a wonderful weekend.
- bring today, thank you to this amazing committee for all of your time and dedication and you're an asset
- And you're making a difference every day. for all of your time and dedication and you're an asset and
Summary:
The first meeting of the Human Trafficking and Emergency Department Task Force focused on implementing Act 267, which created the body to develop a statewide human trafficking protocol to be incorporated into Louisiana’s sexual assault response plans. Chair Rep. Kelly Hennessy Dickerson and Office of Human Trafficking Prevention Director Mary Kate Andropont emphasized that the goal is a practical, transferable, survivor-centered protocol that can be adapted across regions and health systems. The task force also noted its timeline: use today’s presentations and member feedback to draft a protocol before the next meeting, then refine it into a final version.
Presenters from hospitals, SANE programs, and advocacy organizations described current practices and gaps. Ochsner LSU Health Shreveport’s Operation Rahab and FMOLHS’s human trafficking policies highlighted staff education, badge buddies, anonymous admissions, hotline and law enforcement reporting, and coordination with community partners. SANE and forensic nursing presenters described red-dot privacy alerts, trauma-informed interviewing, and the need to train all hospital staff, not just ED clinicians, because trafficking victims may present repeatedly or in non-ED settings. LaFASA described statewide advocacy and legal support, while Unbound Now and BCFS/Common Thread explained Louisiana’s juvenile trafficking response under Act 662, including 24/7 crisis response, relational advocacy, and care coordination for minors.
Members repeatedly raised the lack of safe housing, transportation, and placement options after identification, especially for adults, male survivors, and adults with special needs. Several presenters said that identifying victims is only the first step and that Louisiana still lacks enough resources for discharge and long-term stabilization. The task force also discussed the need for broader training across emergency departments, residency programs, nursing, housekeeping, maintenance, student health, mental health, and law enforcement, with members stressing that protocols should be clear, trauma-informed, and usable statewide. No votes were taken; the main action was to gather testimony, identify gaps, and begin drafting the statewide protocol.
MN
Minnesota 2025-2026 Regular Session
House passes transportation finance bill with increased road funding, transit cuts 4/28/25
Minnesota House Floor Meeting
Transcript Highlights:
- We know that the capacity for the capital investment committee, or the bonding bill, has been reduced
- We know that the capacity for the<00:04:19.840><c> capital</c><00:04:20.239><c> investment</c><00:04:
- </c> million of pressure off that capital million of pressure off that capital investment<00:04:37.800
- </c> to know that capital to know that capital security,<02:06:53.920><c> the</c><02:06:54.159><c> ladies
- c> are</c><02:06:58.960><c> funded</c> the assets around the capital are funded the assets around the
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Environment and Natural Resources Jun 21st, 2026 at 01:00 pm
Joint Committee on Environment and Natural Resources
Transcript Highlights:
- Our community has truly lost a valuable asset, and she will forever be missed.
- Our community has truly lost a valuable asset, and she will forever be missed.
- Our community has truly lost a valuable asset and she will ever forever be missed.
- Watering is a relatively low-cost investment compared to capital projects and municipal budgets.
- Watering is a relatively low-cost investment compared to capital projects and municipal budgets.
Summary:
The hearing covered several environment and natural resources bills focused on natural and working lands, forest protection, municipal reforestation, trail accessibility, and a park naming bill. Representative Moschino and Senator Comerford described the natural and working lands bill as part of the state’s climate roadmap, arguing that protecting these lands supports carbon sequestration, resilience, biodiversity, and helps prevent development pressure on the least expensive land. Senator Comerford also testified on a separate bill to expand access to trails for people of all abilities, saying it would build on the administration’s Trails for All initiative and create a permanent advisory structure and trust fund. Representative Consolvo and family members testified in support of H. 4259 to name the tennis courts at Wether Park in Roslindale after Kim O’Connell, describing her long community service and activism.
A large portion of the hearing focused on H. 952 and H. 953, bills to protect watershed and state forest lands as parks or reserves. Supporters, including environmental advocates, scientists, and organizations such as Standing Trees, Sierra Club, The Nature Conservancy, and the Massachusetts Forest Alliance’s opponents, debated whether state forests and watershed lands should be permanently reserved from logging and other active management. Supporters said the bills would improve carbon storage, water quality, biodiversity, flood and drought resilience, and would protect large acreages of public land at no cost. Opponents, including the Massachusetts Forest Alliance, argued that sustainable forest management and a mix of reserves and managed forests are needed for climate, water quality, wildfire prevention, rural jobs, and carbon outcomes, and urged the committee to allow the administration’s existing reserve process to continue.
The committee also heard extensive testimony on the municipal reforestation bill, H. 1013/S. 553, which would create a statewide program, advisory council, and trust fund to support urban tree planting and maintenance. Municipal officials and advocates from Wellesley, Cambridge, Boston, the Mystic River watershed, and other communities said urban trees are critical for cooling, stormwater control, air quality, public health, and equity, especially in environmental justice neighborhoods with low canopy cover and high heat. Several witnesses emphasized that consistent funding is needed because trees take years to mature and many municipalities lack staff or watering capacity. Some witnesses asked that the bill be funded at $100 million and tied to the Mass Ready Act or environmental bond funding. No votes or final committee actions were taken during the hearing.
CA
California 2025-2026 Regular Session
Joint Hearing Senate Revenue and Taxation Committee and Assembly Revenue and Taxation Committee Feb 11th, 2026
Transcript Highlights:
- You have to determine foreign governance, entity formation rules, ownership, flow of assets.
- It's essentially, even though it's a tax on capital, a tax sort of on the sales, the property, and the
- It's essentially, even though it's a tax on capital, a tax sort of on the sales, the property, and the
- One story I heard was about a company that was looking for venture capital to open up a pharmaceutical
- It's got all its employees, all its assets in State A.
Summary:
The joint informational hearing examined California’s taxation of multinational corporations, especially the state’s water’s-edge election versus worldwide combined reporting. The LAO and Franchise Tax Board explained the basic mechanics of unitary taxation, apportionment, and how water’s-edge generally excludes most foreign subsidiaries while worldwide reporting includes the full unitary group. FTB officials said water’s-edge filers are a small share of corporate filers but account for a large share of tax liability, and they described filing trends, industry mix, and the administrative steps needed to administer either system.
Members and witnesses debated the policy trade-offs. Supporters of moving away from water’s-edge argued that it enables profit shifting, especially for large multinational and IP-heavy firms, and that eliminating it could raise significant revenue and improve fairness for smaller domestic businesses. They cited estimates of billions in potential revenue and said California already has the audit and reporting infrastructure to handle worldwide reporting, though some transition time would be needed. Opponents argued that worldwide reporting would tax foreign activity unrelated to California, create double taxation, increase compliance burdens and litigation, and could be difficult for foreign-based multinationals to document. They also warned that some of the revenue estimates are highly uncertain because foreign affiliate income is not directly observable.
Committee members asked about foreign government pushback, the risk of companies leaving California, the effect on intellectual property shifting, and whether federal or Supreme Court action could block a change. Witnesses generally said major firms would be unlikely to leave because California taxes sales rather than physical presence, but some costs could be passed on to consumers. The panel also discussed alternatives such as conforming to federal international tax rules like NCTI/GILTI and adding anti-abuse rules. No vote or bill action was taken; the hearing was informational only.
CA
California 2025-2026 Regular Session
Joint Hearing Assembly Revenue and Taxation Committee and Senate Revenue and Taxation Committee Feb 11th, 2026
Transcript Highlights:
- You have to determine, you know, foreign governance, entity formation rules, ownership, flow of assets
- It's essentially, even though it's a tax on capital, is a tax sort of on the sales, the property, and
- It's essentially, even though it's a tax on capital, is a tax sort of on the sales, the property, and
- It's got all its employees, all its assets in State A.
- If you're here, if you're adding more employees, adding more assets in the state, your tax doesn't go
Summary:
The joint informational hearing focused on California’s taxation of foreign subsidiaries of U.S. corporations, especially the state’s water’s-edge election versus worldwide combined reporting. Committee members and witnesses discussed how unitary taxation and sales-factor apportionment work, why multinational corporations are a small share of filers but a large share of tax liability, and how foreign income, profit shifting, and double taxation concerns affect policy choices. The Franchise Tax Board explained current filing rules, the seven-year water’s-edge election, and recent filing statistics showing about 21,562 water’s-edge returns in 2023, roughly 6% of C corporation filers but about half of corporate tax liability.
The Legislative Analyst’s Office and FTB staff emphasized that revenue effects from eliminating water’s edge are uncertain because foreign affiliate income is not directly observable, and they noted possible revenue volatility and administrative complexity. Several committee members asked about foreign government pushback, the burden on FTB, whether certain industries are more likely to shift profits, and whether companies would leave California; witnesses generally said there was no strong evidence that firms would exit the state because tax liability is driven mainly by California sales. They also discussed how California already administers both methods, how the election can be advantageous or disadvantageous depending on a firm’s facts, and how federal reforms like GILTI/NCTI, CAMT, and OECD Pillar Two may affect the issue.
The second panel presented sharply contrasting views. One professor and a tax policy advocate argued that water’s edge creates unfairness, encourages profit shifting, and leaves California with billions in lost revenue, while a Tax Foundation witness argued that mandatory worldwide reporting would tax the wrong income, create double taxation and litigation risk, and impose heavy compliance burdens, especially for foreign-based multinationals. A later panel from the California Budget and Policy Center supported closing the “water’s-edge loophole,” saying it would raise needed revenue for public services and level the playing field between large multinationals and smaller domestic businesses. No vote or formal action was taken; the hearing was informational only.
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 3 on Education Finance Mar 5th, 2025
Transcript Highlights:
- It is a tremendous asset in our public schools. I couldn't agree with you more.
- It is a tremendous asset in our public schools.
- the mandatory withdrawal remains unchanged in the Governor's budget proposal, while increases in capital
- And when we do lapsation, all assets and all liabilities end up at the new...
- And when we do LAPSation, all assets and all liabilities end up at the new, we do some other things with
Summary:
The Assembly Budget Subcommittee on Education Finance met for its annual Proposition 98 overview, with Chair Alvarez outlining the committee’s focus on K-12 funding, student outcomes, and use of one-time funds. Superintendent Tony Thurmond gave an update on education issues, including wildfire recovery support for affected school communities, ongoing concerns about federal threats to education funding and immigration enforcement, progress on literacy and math, dual-language immersion, educator housing, and support for dual enrollment. Members broadly expressed support for these priorities, while also raising concerns about implementation, funding stability, and the need for schools to remain safe places for students.
The committee then reviewed the Governor’s Proposition 98 proposal. The Department of Finance said the 2025-26 Proposition 98 guarantee is projected at $118.9 billion, with higher revenues and TK-related rebenching driving the increase. The LAO said the budget adds about $7.5 billion over two years and discussed the volatility of the guarantee, especially in 2024-25, when changes in revenue could have an outsized effect on school funding. Members questioned the proposed $1.6 billion delayed settle-up payment, the legal basis for delaying it, and the impact of possible federal funding freezes. The LAO presented alternatives such as a reserve deposit or delayed disbursement, while Finance said the proposal is intended to manage uncertainty. Members also raised concerns that ethnic studies implementation was not funded in the January budget, and Finance said the administration was not proposing funding for it.
The committee next heard on the Proposition 98 rainy day fund and education deferrals. Finance said the reserve would receive a mandatory deposit of about $1.2 billion in 2024-25 and a discretionary deposit of $376 million in 2025-26, leaving a balance of about $1.5 billion. The LAO supported rebuilding the reserve as a way to manage volatility. On deferrals, Finance described the Governor’s plan to eliminate remaining deferrals by 2025-26, and the LAO said paying them off improves cash flow and budget resilience. Members generally supported eliminating deferrals and rebuilding reserves, though some asked about acting earlier if revenues allow. The committee also reviewed the proposed $1.8 billion student support and professional development block grant; Finance said it would fund professional development, recruitment and retention, and dual enrollment, while the LAO recommended clearer language on local discretion and use for one-time costs. Members were divided, with some supporting flexibility and others warning that one-time block grants can create instability and confusion for districts.
CA
California 2025-2026 Regular Session
Senate Select Committee on California's Wine Industry Mar 12th, 2026
Transcript Highlights:
- Wine is such an important asset to our community, and it's just a delight to see everybody here today
- And we wouldn't be the wine capital of the country and the world without that research power.
- And we wouldn't be the wine capital of the country and the world without that research power.
- to the state capital.
- World and also next to the state capital.
CA
California 2025-2026 Regular Session
Senate Select Committee on California's Wine Industry Mar 12th, 2026
Transcript Highlights:
- Wine is such an important asset to our community, and it's just a delight to see everybody here today
- And we wouldn't be the wine capital of the country and the world without that research power.
- And we wouldn't be the wine capital of the country and the world without that research power.
- to the state capital.
- World and also next to the state capital.
Summary:
The Senate Select Committee on California’s Wine Industry held its first meeting at Napa Valley College, with Chair Christopher Cabaldon and Assembly Majority Leader Cecilia Aguiar-Curry opening the hearing by stressing the wine industry’s importance to California’s economy, communities, and tourism. They said the purpose of the hearing was informational rather than legislative, with no votes or bill actions taken, and framed the day as a fact-finding session to inform future legislation, budget work, and oversight. The first panel focused on research and trends, with Dr. Damien Wilson of Sonoma State, UC Davis professor Ben Mumpeteet, and wine economist Chris Bitter describing the industry as facing structural change rather than a temporary downturn.
The research panel highlighted falling wine production and sales, rising costs, and changing consumer behavior. Wilson argued the industry has relied too heavily on premiumization and technical elitism, pricing out younger consumers and needing to focus more on new customer acquisition, accessible brands, and evidence-based business decisions. Mumpeteet emphasized external threats such as grapevine diseases, extreme weather, water shortages, and wildfire smoke, and called for more public investment in viticulture and enology research, especially through California’s university system. Bitter said growers are dealing with depressed grape demand, a grape glut, vineyard removals, and sharply higher production costs driven largely by regulation and labor, and he urged review of regulatory costs, trade conditions, vineyard removal support, and barriers to replanting.
Committee members then asked about how the industry can adapt, whether change will come through existing producers or market turnover, and how California might use its research capacity to improve regulation and compliance. Witnesses said the industry needs cultural change, better marketing to younger consumers, more data on health and consumption trends, and more efficient, science-based regulation. The second panel, with representatives from growers and the Wine Institute, described severe market stress: unharvested grapes, vineyard removals, and closures in some regions. Michael Miller said growers are seeing fruit left on the vine and called for relief on regulatory and trade pressures, while Honor Comfort described Wine Institute’s Share Wine Co-Lab, an open-access marketing platform aimed at helping wineries reach younger consumers through digital and data-driven strategies.
A final panel addressed tourism, farmworkers, and water regulation. Visit Napa Valley’s Lindsay Gallagher said Napa remains relatively strong but is broadening its message beyond wine to cuisine, wellness, and outdoor experiences, while noting international visitation, especially from Canada, has fallen sharply. Sonia DeLuca of the Napa Valley Farmworker Foundation said declining sales and rising costs reduce hours and income for farmworkers and called for targeted relief, wage-loss support, and continued workforce training. Annalisa Kiara of the State Water Board provided an update on the Winery General Order, explaining that it was created to streamline and standardize wastewater permitting while protecting water quality; she said 56 wineries have enrolled and 122 more are under review, and noted ongoing coordination with industry sustainability programs. Throughout the hearing, members and witnesses repeatedly returned to the need for updated regulations, better data, and collaborative solutions, but no formal action was taken.
CA
California 2025-2026 Regular Session
Assembly Housing and Community Development Committee Mar 11th, 2026
Transcript Highlights:
- So the lodgers pay $18 a night; that generates about 50% of the operational capital.
- So the lodgers pay $18 a night that generates about 50% of the operational capital.
- The other would be to consider tying capital investments to long-term operational efficiency.
- So incentivize capital investments in green infrastructure.
- And we'll bring up Lindy Suggs, who is the chief branch chief of asset management for the Department
Summary:
The committee held an outcomes review hearing on AB 457 and related farmworker and rural housing policy, with members and witnesses discussing whether recent streamlining laws are actually increasing production. Chair Haney, Assembly Members Soria and Pellerin, and others described the purpose of AB 457 and its predecessor bills AB 1783 and AB 3035: to make farmworker housing easier to build through ministerial approval and other reforms. Witnesses emphasized that farmworkers face severe overcrowding, high rents, long commutes, and limited access to housing in both rural and coastal agricultural regions.
The first panel focused on practical barriers and local models. Napa County described its county-owned farmworker centers, which provide nightly lodging, meals, and services, funded by lodger fees, a grower assessment, and state support. Testimony stressed that these centers function as navigation hubs rather than permanent housing, and that stable, inflation-adjusted operating funding, language access, transportation, and local set-asides are critical. United Farm Workers urged that local farmworkers be prioritized over H-2A workers and warned against displacing long-term resident workers. Several witnesses said the biggest barriers remain infrastructure, land costs, local opposition, and insufficient subsidy rather than approval streamlining alone.
The second and third panels addressed AB 457’s implementation and broader state funding issues. Santa Clara County said the bill could help on a county-owned Gilroy site, but financing remains the main obstacle. Self-Help Enterprises said AB 457’s expanded geography and project-size rules may help future sites, but rural projects still struggle with water, sewer, and environmental review costs, and with the state’s Super NOFA process, which tends to favor deeper-income projects that do not match farmworker household incomes. HCD reported that CERNA and other programs have increased farmworker housing production in recent years, but witnesses argued that rural regions still receive too little funding, that infrastructure dollars are too fragmented, and that more rural-specific set-asides, local funding incentives, and predictable allocations are needed. No votes or formal actions were taken during the hearing.