Transcript Highlights:

• Withholding rates are set by our LDR rule.
• I've got a 12% growth rate in there.
• Interest rates have been soft.
• But sales tax is a... well, the rate changes are easy to pick up.
• But there, it’s an extension to pay, excuse me, file, not to pay.

Summary: The Revenue Estimating Conference met with four members present and first approved the prior meeting minutes and recognized the FYI end-of-balance of $577,077,871 as nonrecurring revenue. The main business was revising the state revenue forecast for FY 2026, FY 2027, and the long-range outlook. The Division of Administration recommended a $113 million reduction to the FY 2026 State General Fund forecast and a $104 million reduction for FY 2027, citing weaker-than-expected individual income tax collections, softer corporate income tax receipts, and some weakness in general sales tax, partly offset by stronger motor vehicle sales tax and higher mineral-related revenues tied to oil prices. The Legislative Fiscal Office presented a somewhat different but broadly similar forecast, with modest net increases to the general fund bottom line in the current year and next year, emphasizing caution on income and corporate taxes and more optimism on sales, severance, royalties, and some other revenue streams. A substantial portion of the discussion focused on the causes of the income tax shortfall, especially withholding and refund patterns after tax changes that lowered rates. Department of Revenue officials explained that withholding tables had been set with a cushion that may be producing larger refunds, and said changing the tables could quickly reduce overwithholding, though the effect would take time to show up. Members also discussed corporate collections, the lingering effects of the franchise tax repeal, the role of settlements and audits, and the extent to which collections are voluntary versus enforcement-driven. The Department of Revenue said corporate collections still had key filing and estimated-payment milestones ahead in May and June, and that refund and audit activity related to the former franchise tax would continue for some time. The conference then adopted the Division of Administration’s FY 2026 forecast, the FY 2027 recurring forecast, and the long-range forecast, along with the proposed inflation rates for the Millennium Trust and parish severance allocation. Members also adopted the incentive expenditure forecast, noting that the reported amount is only the REC-reported portion and that larger tax exemption amounts come off the top before appropriations. The Treasurer reported a General Fund cash balance of about $404.1 million as of May 5, 2026, and an interfund borrowing base of about $9.18 billion, saying cash levels were similar on average to the prior year. The meeting ended with a note that another REC meeting might be needed depending on the May 16 election, and the conference adjourned without objection.

Transcript Highlights:

• Withholding rates are set by our LDR rule.
• I've got a 12% growth rate in there.
• Interest rates have been soft.
• But sales tax is a—well, the rate changes are easy to pick up.
• But sales tax is a, well, the rate changes are easy to pick up.

Keywords: 965, house, all

Summary: The Revenue Estimating Conference met with four members present and first approved the December 11, 2025 minutes. Members then recognized the FYI end-of-balance of $577,077,871 as non-recurring revenue. The main business was revising the state revenue forecast for FY 2026, with the Division of Administration recommending a reduction of about $113 million, driven primarily by weaker individual income tax collections, softer general sales tax receipts, and a substantial cut to corporate income tax forecasts. The Legislative Fiscal Office presented a somewhat different but still cautious outlook, and members discussed withholding rates, refund growth, corporate collections, and the effects of the franchise tax repeal and tax reform changes. After questions to the Department of Revenue about collections, refunds, enforcement, and settlements, the conference adopted the Division of Administration’s FY 2026 forecast. The conference then reviewed the FY 2027 recurring forecast. The Division of Administration again recommended a reduction, this time about $104 million, citing continued caution on individual income and corporate taxes, while the Legislative Fiscal Office projected a net increase of about $127 million, largely from sales tax, severance, royalties, vehicle sales tax, and other revenue streams. Members discussed the practical budget impact of the revised forecasts, including the need to reduce spending and the difficulty of funding a possible teacher stipend if a constitutional amendment fails. The FY 2027 recurring forecast was adopted. Members also adopted the long-range forecast, the proposed inflation rates for the Millennium Trust and parish severance allocation, and the incentive expenditure forecast. The incentive discussion noted that reported incentive costs reduce available revenue before appropriations, and members raised the possibility of reviewing or capping such incentives. The Treasurer’s Office then reported that the General Fund cash balance was $404.1 million as of May 5, 2026, and the interfund borrowing base was about $9.18 billion, with cash positions generally similar to the prior year. The meeting ended with a note that another REC meeting might be needed after the May 16 election, followed by adjournment.

Transcript Highlights:

• speak in favor of House File 3279. speak in favor of House File 3279.
• Uh success rate in averting foreclosure.
• I'm here today to support House File 2462.
• I'm here today to support House File I'm here today to support House File 2462. 2462. 2462.
• So now their rates are at a premium as well.

Bills: HF3279, HF1879, HF1417, HF2462

Keywords: housing, sales tax, homeownership, rent assistance, community stability, education, counseling, financial assistance, housing development, culturally appropriate services, HF1417, manufactured home parks, manufactured housing, mobile home parks, housing development fund, Minnesota Housing Finance Agency, MHFA, infrastructure grants, infrastructure loans, affordable housing

Transcript Highlights:

• The committee substitute adds that insurers' commercial property or automobile rate filings require approval
• It previously filed rate by 10%. So it adds in commercial property. Any questions?
• So just because you file an application with the...
• Which ones are you looking at being the best for the rate?
• rate.

Bills: SB1468, SB1612, SB1789, SB2530, SB2571, SB2717, SB2967

Keywords: utility systems, Texas A&M, regents authority, construction, improvement, construction contracts, trust funds, property rights, mechanics lien, contractors, trustee liability, mechanic's lien, liability, attorney's fees, windstorm insurance, Texas Windstorm Insurance Association, insurance regulation, administrative penalties, coastal counties, catastrophe year

Transcript Highlights:

• Usually when they submit their rate filings, it may be that the rate increases over a longer period of
• Usually when they submit their rate filings<00:08:05.039> it<00:08:05.280> may<00:08:05.440
• > be<00:08:05.599> that<00:08:05.840> the<00:08:06.160> rate filings it may
• be that the rate filings it may be that the rate increases<00:08:07.199> over<00:08:07.520>
• > until rate filings are confidential until rate filings are confidential until approved<00:29

Keywords: 928, house, all

Summary: The subcommittee focused primarily on a bill concerning long-term care insurance rate increases and consumer notice. Members and staff discussed replacing or supplementing a proposed public hearing requirement with annual reporting, website updates, and consumer-facing disclosures about approved rate increases, carriers writing the products, and how the products work. Several participants emphasized that long-term care policies are long-term products, that rate increases can be spread over many years for actuarial reasons, and that consumers need better information about trends and the impact of increases. A major point of disagreement was whether the bill should try to cap premium increases. One member argued the real problem is unexpected increases of 15% to 20% and urged a statutory cap to protect consumers. Insurance department representatives and others responded that hard caps had been struck down in prior case law, that the department’s core responsibility is solvency, and that carriers need sufficient premium to pay future claims. They also said the market is struggling because many carriers stopped selling the product, leaving in-force policies to bear the cost, and that overly restrictive caps could cause insurers to withdraw from the state. The discussion then shifted toward a compromise requiring carriers to notify policyholders before a rate increase is approved and allowing a 60-day comment period. Participants debated whether the notice should come from the carrier, how confidentiality rules would apply before approval, and what the department should do with public comments. The department said it already reviews filings carefully and that submitted rates are often adjusted before approval; lawmakers noted that prior commissioners had pushed back on increases in some cases, including a seven-year moratorium. No final vote was taken in the excerpt, and the chair repeatedly tried to move the subcommittee along to other bills.

Transcript Highlights:

• And there's different ratings.
• Whether it be rifle rated, whether it be pistol rated, that's what we were told.
• the line of duty death rate.
• Burnout and the suicide rate is about three times higher than the line of duty death rate.
• So it's based on an hourly rate.

Keywords: 1184, house, all

Transcript Highlights:

• a floating rate.
• There is no set rates a floating rate.
• <00:16:01.600> is<00:16:02.000> now high rates and low rates um is now high rates and
• So their rates are different than what the hotel rates are.
• prepared for the best rate. prepared for the best rate.

Keywords: 928, house, all

Summary: The committee first discussed a budget-related issue involving liquor commission enforcement staff and tobacco enforcement funding. A member explained that proposed cuts to “group two” enforcement positions at the liquor commission could jeopardize the tobacco enforcement money that flows to Health and Human Services, and expressed confidence that the enforcement division would ultimately be preserved. The main hearing was on Senate Bill 19, which would modernize hotel and motel statutes by repealing outdated requirements. The sponsor and the New Hampshire Lodging and Restaurant Association said the bill would remove obsolete rules such as the old guest book/card system and antiquated posting requirements for room rates and motel signs. Members questioned whether the bill would eliminate the requirement to record guest departure dates or affect inspection rights, and the witnesses said the intent was only to remove the book-and-card reference while leaving the rest of the recordkeeping requirement in place. Supporters argued the rate-posting rules are widely ignored, hard to enforce, and outdated in an era of digital reservations and variable pricing; the committee also discussed whether any consumer-protection purpose remained. The public hearing on SB 19 was then closed. The committee then heard Senate Bill 280FN, which would require food delivery services to have an agreement with a restaurant or food retail store before offering delivery from that business. The sponsor said the bill restores a prior law that had sunset and was intended to prevent third-party platforms from listing restaurants without consent. Restaurant industry testimony strongly supported the bill, describing problems with unauthorized listings, delayed deliveries, and reimbursement disputes, and saying the agreement requirement protects restaurant brands and consumer expectations. Members shared examples of delivery problems and voiced support for reinstating the safeguard.

Transcript Highlights:

• <00:06:27.280> testimony referring to is some pre-filed testimony referring to is some pre-filed
• Is it the PUC rate maker. Who is that?
• most of the case law talks about rate most of the case law talks about rate policy<00:11:34.959>
• <00:11:46.079> policy but the case law around rate policy but the case law around rate policy
• actual rate maker. actual rate maker.

Keywords: 1191, senate, all

Transcript Highlights:

• there is the greatest population, but the greatest rates of eviction filing actually number one is Dakota
• there is the greatest population, but the greatest rates of eviction filing actually number one is Dakota
• questions seeing none this Senate file questions seeing none this Senate file 1511<00:18:28.320>
• Before you is Senate File 1895.
• <00:26:27.760> 18 Senate file 18 Senate file 18 95<00:26:30.440> Chief<00:26:30.760

Keywords: 1187, senate, all

Transcript Highlights:

• Senate file will be Senate File 109. Senate file will be Senate File 109.
• file, Senate file number six. file, Senate file number six.
• 5, Senate File 7, Senate File 8, Senate File 11, Senate File 16, Senate File 24, Senate File 28, Senate
• File 30, Senate File 31, and Senate File 47.
• 4, Senate File 12, Senate File 13, Senate File 67, Senate File 70, and Senate File 124, as time permits

Keywords: 916, all

Transcript Highlights:

• It's a flat one-time rate.
• And fix their own rates, too.
• I mean, good lawyers don't file bad cases.
• There are other options to file the lawsuits.
• You automatically have a right to file that lawsuit.

Bills: HB1520, HB1525, HB1530, HB1535, HB2068, HB2091, HB2347, HB2372, HB2805, HB2815, HB2867, HB3154, HB3482, HB3483, HB3663, HB3781, HB3901, HB3915, HB4135, HB4153, HB4158, HB4329, HB4331

Keywords: Angelina and Neches River Authority, river authority, Sunset Advisory Commission, Texas Sunset Act, Special District Local Laws Code, local government, natural resources, board of directors, director training, board governance, public testimony, open meetings, public information, conflict of interest, ethics, complaint system, general manager, board president, staggered terms, removal of director

Transcript Highlights:

• Members, up next we have our House File 4223. Trey Elkins. Rep.
• I don't think I need to remind anybody in this room that our homeowners insurance rates have been climbing
• The insurance industry is offering large discounts on insurance rates for homes that have strengthened
• House File 4223 is being laid over for further discussion.
• House File 4223 is right, thank you.

Keywords: 919, house, all

Summary: House File 4223 was presented as an appropriation to implement and jump-start the Strengthening Our Homes program enacted in 2023. Rep. Elkins said the goal is to help homeowners strengthen roofs using standards promoted by the Insurance Institute for Business and Home Safety, citing other states such as Alabama as examples where hardened homes performed better in major storms. He emphasized rising homeowners insurance costs, especially for affordable apartments, older condo buildings, and seniors on fixed or limited incomes, and said the grants would help people who may not have the upfront cash to make improvements. Committee members generally supported the concept, describing it as a way to reduce storm damage and lower insurance premiums. One member highlighted that the income threshold for grant eligibility could reach a large share of Minnesota homeowners and potentially harden nearly a million homes, while another noted the program’s focus on lower-income households. A Commerce Committee discussion was referenced in which an alternative approach was raised: tax incentives, including possible sales tax relief, for materials and labor used to harden homes against hail and other weather risks. Rep. Elkins responded that labor is an important part of the cost and that many potential beneficiaries are seniors with little taxable income, making a grant program more practical than a tax-based incentive. Another member agreed the upfront cost is a major barrier and said the grant design appears thoughtful. No vote was taken; the bill was laid over for further discussion.

Transcript Highlights:

• It would clarify that a controlling person of a state bank is exempt from filing a new application to
• The committee substitute differs from the bill as filed in that it would recognize only a court order
• It would strike subsection E to avoid lawsuits filed against court orders. Thank you, Dean.
• The committee substitute differs from the bill as filed in that it would recognize only a court order
• The no-new-revenue tax rate excludes the impact of state aid and recapture, and so it's a rate that doesn't

Bills: HB431, HB1522, HB1922, HB2467, HB2468, HB3228, HB3229, HB3306, HB3803, HB3804, HB3805, HB3806, HB4219, HB4238, HB4344, HB4386, HB4739

Keywords: HB 431, Texas Property Code, Property Code Chapter 202, solar roof tiles, solar shingles, solar energy device, homeowners association, HOA, property owners' association, POA, renewable energy, residential solar, distributed solar, roof-mounted solar, homeowner rights, architectural control, open meetings, public notice, transparency, government efficiency

Summary: The committee first took up pending business and favorably reported several House bills without opposition, including HB 11, HB 132, HB 1041, HB 1606, HB 2286, and HB 5061. Each was moved out of committee with a recommendation that it do pass and be printed, and several were also recommended for the local and uncontested calendar. The committee then heard HB 3306, which would extend existing construction-contract indemnity exceptions to electric infrastructure construction, maintenance, and vegetation management work for electric utilities and transmission and distribution utilities. The sponsor said the bill would reduce litigation and insurance costs for ratepayers, while construction industry witnesses argued it would shift liability onto subcontractors and create broad-form indemnity in a way Texas law has generally prohibited since 2011. HB 3306 was left pending. The committee also heard HB 4739, a Comptroller-requested cleanup bill to repeal an outdated Finance Code provision requiring remittance of a portion of certain delinquency charges to the state, and HB 3803, HB 3804, and HB 3806, all Department of Banking-requested cleanup bills dealing with confidentiality and supervision rules for perpetual care funds, state banks, and trust companies. Those bills were briefly explained and left pending without testimony. HB 4219, aimed at improving Public Information Act compliance by requiring timely notice when records do not exist or are being withheld, allowing complaints to the Attorney General, and imposing training and fee consequences for noncompliance, drew support from a journalist and a policy analyst and was also left pending. The committee then heard HB 4238 on coerced debt and identity theft. The sponsor explained that the committee substitute narrows the bill to court-ordered findings of identity theft/coerced debt, gives collectors seven business days to stop collection activity, and removes a section to avoid litigation over court orders. A law professor and a family violence advocate testified in strong support, describing coerced debt as a barrier for domestic violence and elder abuse survivors trying to rebuild credit and access housing, jobs, and utilities. The bill was left pending. HB 1522, which would require local governments to post meeting notices three business days in advance and make budget materials more accessible online and in physical form, also drew support, though a school business officials representative raised concerns about the timing language, proposed-budget wording, and taxpayer impact statements for school districts; the bill was left pending after discussion. Later, the committee heard additional pending bills, including a PUC background-check bill that would expand the commission’s authority to check current employees and contractors and obtain FBI criminal history information, HB 3805 updating money services business regulation, HB 431 extending HOA solar-panel protections to solar tiles, and HB 3228 and HB 3229 on wind and solar recycling financial assurance and recycler solvency. HB 3228 received support from a Sierra Club witness who said recycling and disposal plans are needed for end-of-life renewable energy equipment, and HB 3229 was described as requiring recyclers to show financial resources at 125 percent through a letter of credit or bond. These bills were heard and left pending.

Transcript Highlights:

• to comply with the statute that says we should move towards a 15% vacancy rate.
• You know, what's public is what we filed in the notice of disciplinary charges. I apologize.
• You are aware of the vacancy rate and what it means.
• That relates back to what we're doing related to the vacancy rate.
• Actually, not likely, there will have to be a higher vacancy rate.

Summary: The Senate Committee on Rules established a quorum and first approved several items without required appearances, including the appointments of Rick Simpson to the Commission on Teacher Credentialing and Trinidad Solis, M.D., and Gerald Talbert, M.D., to the Medical Board of California, along with references of bills to committees and floor acknowledgments. The committee then heard testimony on two State Bar of California appointments requiring appearance: George Cardona, J.D., for Chief Trial Counsel, and Laura Enderton Speed, J.D., for Executive Director. Cardona described his first four years as chief trial counsel, emphasizing reforms after the Girardi matter, including stronger conflict-of-interest and gift rules, tighter trust-account investigations, more data tracking, and efforts to reduce case backlogs and discipline disparities. Senators questioned him about the John Eastman disbarment case, the office’s role and jurisdiction, racial and Latino discipline disparities, unauthorized practice of law by notarios, staffing vacancies, and the use of AI in pleadings and internal work. Public witnesses from the State Bar, SEIU Local 1000, and others supported his confirmation, and the committee voted 3-0 to advance his appointment to the full Senate. Enderton Speed said she sought the executive director role to help restore public trust, strengthen discipline and admissions, and address the February 2025 bar exam problems. Senators asked about the State Bar’s budget deficit, hiring freeze, long-term fiscal stability, the bar exam audit and litigation, safeguards against conflicts and gifts, and the decision to move the February exam largely remote before returning to in-person administration for July. Public witnesses also supported her confirmation, citing leadership, accessibility, and a focus on core functions. The committee voted 5-0 to advance her appointment to the full Senate. The meeting ended with remarks honoring Senator Jones on his final day on the committee and a cake presentation before adjournment to executive session.

Transcript Highlights:

• filings.
• Energy Safety doesn't set compensation values and rates.
• I literally pay the exact same rate on my utility bill.
• And simply a rating downgrade to junk bond status could have precipitated bankruptcy filings by the other
• They get more ROE as they drive down our rates.

Keywords: 987, senate, all

Summary: The committee held the first of several informational hearings on the SB 254 Natural Catastrophe Resiliency Study, focused on wildfire risk, utility liability, and how to finance catastrophic losses. Chair Allen opened by describing California’s recent utility-ignited wildfires, the creation of the wildfire fund under AB 1054, and SB 254’s extension of that fund and requirement for a study. The California Earthquake Authority, as wildfire fund administrator, presented the report’s process and findings, emphasizing that the study was intended to be neutral and broad, based on extensive stakeholder outreach, and that the status quo is not working well for survivors, communities, ratepayers, insurers, or utilities. CEA’s report organized recommendations into three policy pathways: continued mitigation investment, more equitable allocation of catastrophe burdens, and expanded state roles in catastrophe financing. For utilities, the report discussed options such as setting a binding risk-tolerance standard, preserving safety certificate accountability, tying executive compensation more directly to safety, creating confidential reporting with safe-harbor protections, reforming utility liability including possible changes to inverse condemnation, limiting damages, reducing insurance subrogation, and creating a fast-pay facility for survivors. The financing analysis compared a more durable wildfire fund, risk transfer/reinsurance, liability reforms, and state-backed mechanisms such as a state insurer, a state backstop, and broader funding for community wildfire mitigation. The CPUC said wildfire mitigation oversight has improved, but wildfire-related costs are driving electricity bills higher and creating an affordability crisis. The Office of Energy Infrastructure Safety highlighted its wildfire mitigation plan review and field inspections, and recommended stronger safety reporting and more safety-weighted executive compensation. In member discussion, senators and assemblymembers focused on the cost of the status quo, whether the burden should be shared by ratepayers, utilities, the state, or other parties, and whether California should consider broader disaster-financing approaches. Several members raised concerns about inverse condemnation, the pace of survivor compensation, local land-use responsibility, and the need for a more comprehensive statewide solution rather than piecemeal bills. No votes or formal actions were taken; the hearing was informational only.

Transcript Highlights:

• So, Senate File 2209 in front of us.
• Uh he filed his that was damaged.
• opposition to Senate File 3769. opposition to Senate File 3769.
• today in opposition to Senate File 3769. today in opposition to Senate File 3769.
• Senate File 37 Oh. Oh, I'm sorry. Yes. Senate File 37 Oh. Oh, I'm sorry. Yes.

Keywords: 1187, senate, all

Transcript Highlights:

• It's default that must be given before filing an eviction suit for the Committee on Trade, Workforce
• HP 1734 by or relating to the transfers of court files in a suit affecting the parent-child relationship
• Of arrest records and files when the grand jury fails to find the probable cause exists and believes
• HB 2006 by PLA relating to expunction of arrest records and files by statutory county court refer the
• that exceeds the voter approval tax rate without holding the election to approve the adopted tax rate

Transcript Highlights:

• They file the annual interstate 71 access rate filings, and one company in five years had two interconnection
• They file the annual interstate 71 access rate filings, and one company in five years had two interconnection
• They file the annual interstate 71 access rate filings, and one company in five years had two interconnection
• > rate interestate 71 access rate interestate 71 access rate filings<02:32:46.920> and<
• The proposal basically maintains the status quo until 2026, when Liberty will file the new rate case.

Keywords: 1189, house, all

Transcript Highlights:

• <00:02:02.399> 2393 columns you'll see Senate file 2393 columns you'll see Senate file 2393
• program Senate file program Senate file 2454<00:10:04.880> and<00:10:05.120> that's
• Senate File Senate File 2170,<00:31:56.399> Senator<00:31:56.799> Farnsworth's<00:
• file file 2393.<00:39:57.680> This<00:39:57.920> bill<00:39:58.240> includes<00
• And I think that this bill, Senate File<01:08:47.279> 2393, File 2393, File 2393, uh,<01:08:49.120

Keywords: 1187, senate, all

Transcript Highlights:

• A file and a department file separate apart.
• file.
• ...access those files. Will the victim's family have access to those files?
• Will the family have access to the file before a lawsuit has been filed?
• in department files.

Bills: SB8, SB4, SB43, SB1, SB2, SB13, SB6, SB10, SB16, SB14, SB3, SB8, SB4, SB43, SB1, SB2, SB13, SB6, SB10, SB16, SB14, SB3

Keywords: education, accountability, public school assessment, state law, transparency, intervention, performance ratings, Texas congressional redistricting, U.S. House districts, congressional map, redistricting, gerrymandering, 2020 Census, census tracts, block groups, voting districts, election law, Texas House of Representatives districts, federal congressional districts, 2026 elections