Transcript Highlights:

• Um, this also uh JFO memo would have a de minimus effect on state revenues.
• Um, this also uh JFO memo would have a de minimus effect on state revenues.
• Um, this also uh JFO memo would have a de minimus effect on state revenues.
• Um, this also uh JFO memo would have a de minimus effect on state revenues.
• section that had any effect on revenue section that had any effect on revenue was<00:58:04.720> the

Keywords: 927, senate, all

Transcript Highlights:

• 20% of General Fund revenues.
• Record revenues. We do not have a revenue problem.
• Record revenues. We do not have a revenue problem.
• We do not have a revenue problem. The spending problem is real.
• When you think about our revenues, we are outpacing in revenues, but we're also outpacing in expenses

Keywords: 988, house, all

Transcript Highlights:

• Additionally, it requires reinvestment of revenues back into the utility.
• county shall reinvest utility service revenues back in utility.
• If a county, in some sense, Revenues back in utility.
• for a utility service, and then that revenue is being redirected to general revenue, which, you know
• Who is this general revenue person? There we are. I'm sorry.

Summary: The committee heard and advanced a wide range of bills, with several focused on water safety, utilities, and local government transparency. CS/SB 848 on stormwater treatment was explained as clarifying water quality credits and water quality enhancement areas, and it was reported favorably after one support appearance. SB 28, a claim bill for Reginald Jackson against the City of Lakeland arising from injuries caused by a police shooting, was also reported favorably. CS/CS/SB 658 on water safety requirements for rental properties drew extensive testimony in support from child advocacy and drowning prevention advocates, who cited Florida’s high child drowning rates and the disproportionate impact on children with autism; the bill was amended to require front-end certification and remove local add-on authority, then passed favorably. CS/SB 18, a claim bill involving the estate of a deceased minor and the Broward County Sheriff’s Office, was reported favorably after questions about the verdict, settlement posture, and who would receive the funds. SB 934 on areas of critical state concern was amended to remove a provision viewed as conflicting with the Live Local Act and then passed favorably. SB 1622, which creates a one-time waiver for certain late-filed financial disclosure fines, also passed favorably with support from an appearance form. SB 1264 on private schools and zoning was reported favorably after members noted ongoing concerns and planned further discussion. CS/CS/SB 260 on electric vehicle storage in towing yards was amended to narrow the bill to storage issues and cap the fee period until inspection; it drew both support and opposition from insurers, fire officials, and vehicle industry representatives, and was reported favorably. CS/CS/SB 1014, dealing with municipal utility service to properties outside city limits, was amended to limit it to residential development and clarify capacity standards, then passed favorably. CS/SB 1102 expanded the local infrastructure surtax to include body camera programs and was reported favorably after an amendment requiring voter approval. Finally, CS/SB 1724 and SB 1566, both on local government utility and budget transparency, were amended and reported favorably despite concerns from cities and counties about implementation costs and burdens.

Transcript Highlights:

• So this shows the revenue that goes into the state road fund.
• And that's um you're just looking in a graphical format, we're kind of looking at our um Revenues.
• If you look at the gold and blue lines going forward, um, special vehicles became the Largest revenue
• How are we gonna make up those those revenues?
• who distribute the revenue from diesel purchased in New Mexico but consumed in other states.

Transcript Highlights:

• expenditure growth exceeding revenue expenditure growth exceeding revenue growth.<00:40:53.359><
• growth<00:44:15.839> you gross premium tax the revenue growth you gross premium tax the revenue
• In this chart, the solid tax revenue.
• The dotted<00:51:31.680> revenue.
• they have choices uh between revenues they have choices uh between revenues and<00:52:15.520>

Keywords: 1187, senate, all

Transcript Highlights:

• And with that, I have several testifiers. uh revenue or L. Uh purpose of L. L was uh revenue or L.
• This revenue really, after the basic formula and operating referendum revenue, if people have it, is
• If that reduction were to revenue.
• districts to generate local revenue. districts to generate local revenue.
• We do recognize the stark revenue.

Keywords: 1187, senate, all

Transcript Highlights:

• Revenue 7.4. Gambling Control Board, line 7.34.
• Racing Commission, which is a special revenue account. I believe it's on 8.4. Lottery, 8.8.
• Revenue faces increased costs each year to support technology, people, and administrative expenses.
• expected service levels, state revenues, and safeguards against fraud.
• Reductions in audit and collection activities mean less revenue.

Bills: HF2783

Keywords: state government finance, biennial budget, appropriations, Minnesota Management and Budget, Healthy Aging Subcabinet, Office of Healthy Aging, older adults, aging policy, long-term care, caregivers, public health, Medicaid fraud, medical assistance fraud, attorney general subpoena power, fraud enforcement, business filing fraud, Secretary of State, deceptive mailings, consumer protection, certified public accountant

Transcript Highlights:

• after we do the revenue forecast. after we do the revenue forecast.
• when we forecast uh revenues. when we forecast uh revenues.
• excess revenue so the rate is lowered. excess revenue so the rate is lowered.
• set to uh produce 4% statewide revenue. set to uh produce 4% statewide revenue.
• largest other uh revenue source. largest other uh revenue source.

Keywords: 958, all

Summary: The meeting focused on preliminary fiscal 2026 revenue estimates and the governor’s office request for an official revision to fiscal 2026, with members reminded that any estimate adopted now would not bind the December official estimates. Staff from S&P Global walked through three forecast scenarios—control, optimistic, and pessimistic—based on recent federal tax changes, tariffs, and other policy developments, emphasizing that the outlook remains highly uncertain. Under the control scenario, the presentation projected below-trend real GDP growth of 1.8% in fiscal 2026, slowing to 1.5% by fiscal 2028, with unemployment peaking around 4.5% and the Federal Reserve cutting rates three times to a long-run range of about 2.75% to 3%. The optimistic scenario assumed lower effective tariffs, stronger growth, and better labor and housing outcomes, while the pessimistic scenario assumed a broader trade war, higher effective tariffs, faster deportations, weaker employment and consumer spending, and unemployment rising to about 6.3%. Speakers also noted that the forecast was prepared before later BLS revisions and that recent data on inventories and AI-related investment made the recent quarters look unusually volatile. Members discussed how the current fiscal 2026 outlook compared with earlier assumptions and noted that the eventual revenue revision may be smaller than the spread between the optimistic and pessimistic economic scenarios. The governor’s office and committee members also reviewed sector-specific impacts, including manufacturing, housing, light vehicle production, exports, and consumer sentiment, with particular concern about Kentucky’s auto and housing-related industries. No votes or formal actions were taken in the portion provided.

Transcript Highlights:

• Um, again, we looked at the revenues Um, again, we looked at the revenues coming<00:09:31.920>
• It totally is dependent on revenues. Um, and that way revenues have to come in strong.
• Um, so I think that again, while I think we've seen some good revenue increases and revenue recovery
• When you're planning revenues year.
• <00:21:08.960> The regarding revenue um increases. The regarding revenue um increases.

Keywords: 1189, house, all

Summary: The committee first adopted amendment 2026-2021S to correct a drafting issue in the budget language so that the $2.5 million appropriation for Medicaid per diem rate stabilization at county nursing homes can be spent during the biennium rather than lapsing at the end of the fiscal year. Senator Lang explained that the funds are matched with federal dollars for a total of $5 million and are intended to prevent rate reductions that could shift costs to county property taxpayers. The amendment was adopted unanimously by both chambers, and the committee proceeded on the bill as amended by the Senate. The main discussion then focused on HB 155 and a proposed amendment to the business enterprise tax. The House proposal would lower the BET rate in stages when combined business tax revenues exceed certain thresholds, while the Senate opposed an immediate rate reduction and argued that tax changes should be handled in a budget year. Senators emphasized that raising the filing threshold to $375,000 had already removed about 3,500 small businesses from filing requirements, and they preferred further relief through threshold changes rather than rate cuts. House members argued that the trigger-based reduction was a reasonable, tested mechanism and would provide future tax relief without taking effect unless revenues rose enough. Members debated whether the trigger could be distorted by one-time revenue spikes, such as the recent tax amnesty receipts and prior federal repatriation-related revenue, and Representative Sweeney said he was willing to adjust the effective date or carve out amnesty revenue. The committee did not reach agreement on the BET reduction, and the chair called a break and then continued the meeting later with a new proposal to delay the trigger’s effective date to January 1, 2028. Senator Lang rejected that version but offered a counterproposal to raise the filing threshold to $400,000, and the parties ultimately agreed to continue discussions and reconvene later. The meeting also took up HB 1102, concerning the research and development tax credit and state park fees. The House position was to support the R&D tax credit but remove the park-fee provisions, citing testimony from the Department of Natural and Cultural Resources that it did not need the increase and concerns about discouraging tourism, especially at border parks. Supporters of the park-fee language argued that the department had not raised rates in years, could set its own rates, and should be able to charge nonresidents more while keeping New Hampshire residents’ fees lower. The discussion remained unresolved, with members debating the likely effect on tourism and fairness to residents versus the need for additional revenue.

Transcript Highlights:

• much much more optimistic Revenue much much more optimistic Revenue projections<00:15:06.560>
• If you see a positive number here, that's an increase in either spending or revenues.
• If you see a positive number here, that's an increase in either spending or revenues.
• If you see a positive number here, that's an increase in either spending or revenues.
• If you see a positive number here, that's an increase in either spending or revenues.

Keywords: 928, house, all

Summary: The committee first considered an amendment to add a new “Lakes” license plate to HB 2, with proceeds directed to the cyanobacteria fund for lake cleanup. Representative McGuire said the bill had already passed on consent and asked that it be included in HB 2; members discussed that it had also gone to the Senate. The motion to adopt the amendment failed on a 7-8 vote. The committee then took up an amendment imposing a 5% administrative fee on certain dedicated funds, with several exemptions for funds that could not legally or appropriately be charged, such as those involving federal money or bequests. Supporters said it would make the treatment of dedicated funds more consistent and raise roughly $31 million over the biennium for the general fund, while opponents questioned the number of carve-outs and who currently pays the administrative costs. The amendment failed on a 4-5 vote. Next, the committee reconsidered and then adopted an amendment changing the distribution of business profits tax and business enterprise tax revenue, reducing the share going to the Education Trust Fund from 41% to 30% and increasing the General Fund share. Supporters argued the Senate had overfunded the Education Trust Fund and that the change would help balance the budget without changing education spending levels; opponents said they could not support taking money from the Education Trust Fund. The amendment passed 5-3. The committee also adopted, by the same 5-3 margin, an amendment incorporating HB 741 language on open enrollment and student attendance in public schools, with supporters calling it House policy and opponents noting it had been a close, partly partisan vote in the House. Finally, the committee considered a change to the University System of New Hampshire budget that would reduce general fund appropriations by $40 million per year, offset in part by $15 million in previously approved unique dollars for a net reduction of $25 million per year. Supporters said the cut was necessary to balance the budget and that other options had been exhausted; opponents called it harmful to the university system and argued the committee should instead look to other areas, including education freedom accounts, for savings. The discussion continued, but the transcript excerpt ends before a final vote on the UNH item.

Transcript Highlights:

• So, these folks bring in a lot of the revenue for the state.
• Performing Arts Center, a decrease in projected revenues from donations and license plate revenue. revenue
• , license revenue.
• Revenue Dedicated Accounts, which equates to 84% of the agency's baseline requests with general revenue
• . and $21.3 million in general revenue.

Keywords: 1184, house, all

Transcript Highlights:

• That's 521 jobs and $5.3 million in tax revenue.
• revenue sharing that's been reinstated. revenue sharing that's been reinstated.
• I see that these revenues collected are Okay?
• >> Thank you all. the department of revenue the department of revenue administration.<01:36:16.480>
• It's a loss revenue. for a loss? It's a loss revenue.

Keywords: 1191, senate, all

Transcript Highlights:

• <00:05:54.960> even that count as municipal tax revenue even that count as municipal tax revenue
• income on tax revenue? income on tax revenue?
• <00:10:31.360> between include all the revenues between include all the revenues between February
• Thanks. reinvest uh, community power revenues reinvest uh, community power revenues locally<00:20:38.159
• that want to reinvest non- tax revenues that want to reinvest non- tax revenues back<00:22:18.559

Keywords: 1191, senate, all

Transcript Highlights:

• All of the funding for this agency comes from general revenue.
• Those are total dollars since the first revenue sharing, in thousands.
• It's in statute that we have to have a revenue-sharing agreement.
• It's in statute that we have to have a revenue sharing agreement.
• dedicated and $21.3 million in general revenue.

Summary: The Senate Finance Committee heard budget presentations for the Texas Historical Commission, the Pension Review Board, the Employees Retirement System (ERS), Social Security and benefit replacement pay, the Texas Emergency Services Retirement System (TESSRS), and the Cancer Prevention and Research Institute of Texas (CPRIT). The Legislative Budget Board outlined recommendations and major changes for each agency, including reductions tied to one-time projects at the Historical Commission, continued funding for courthouse grants, heritage trails, and Holocaust/genocide education, as well as new or modified riders and capital items. For the pension-related items, LBB described funding changes for PRB, ERS, Social Security, and TESSRS, including ERS health plan cost growth driven largely by pharmacy costs, the status of pension funding reforms, and TESSRS’s request for additional state support to address its unfunded liability and staffing needs. Members asked extensive questions about the Historical Commission’s one-time funding, unexpended balance authority, courthouse preservation, the Presidio La Bahia and National Museum of the Pacific War projects, and coordination of Texas history messaging across sites such as the Alamo, San Jacinto, Washington on the Brazos, and other heritage locations. The Historical Commission chair emphasized heritage tourism, economic development, and the need for continued investment in historic sites, staffing, IT modernization, and vehicles. On the pension items, senators discussed PRB oversight of local systems, including the Dallas police and fire pension situation, and ERS investment returns, benchmark comparisons, and rising health costs. ERS officials said the plan remains well funded overall, noted a 2021 cash balance reform and a planned supplemental legacy payment, and explained that GLP-1 drugs such as Ozempic and Mounjaro are a major driver of pharmacy spending; they also said the agency is working with the Texas Pharmacy Initiative and that rebates are contractually returned to ERS. For TESSRS, LBB and agency staff said the system serves volunteer and part-paid emergency personnel, is facing an infinite amortization period, and is requesting additional appropriations, staffing, and IT funding, along with a statutory change to allow an actuarially determined state contribution. The agency said it may otherwise need to cut benefits for volunteer firefighters. For CPRIT, LBB reported about $600 million in recommended funding for the biennium and a 10-FTE increase, while the agency described its $6 billion voter-approved program, $3.75 billion in grants awarded to date, and $10.4 million in revenue sharing since 2011. CPRIT’s only exceptional item was a request for a 10% salary increase for two exempt positions. No committee votes or formal actions were taken in the transcript.

Transcript Highlights:

• The revenues from out of state lenses.
• labeled revenue versus expenses.
• The revenue in the last six years on the last page of your handout shows that the revenue has increased
• probably<00:43:39.520> increased so our revenues were probably increased so our revenues
• We had new revenue a new revenue<01:29:55.679> stream<01:29:56.080> with<01:29:56.320><

Keywords: Appropriations - Room 216, 22 January, 2026; 8:00 AM, 925, all

Summary: The hearing began with the State Board of Architecture’s budget presentation. The executive director described the board’s mission to regulate architecture, landscape architecture, and certified interior design to protect public health and safety. He highlighted the board’s consolidated structure, license totals, high reciprocity rate, recent rule changes to reduce barriers to practice, and a proposed FY 2027 budget of $368,123, which included a 5% staff salary increase and higher operating costs. He also noted a newly identified need to modernize the licensing system, estimated at at least $25,000, and asked that the board not be reduced below the requested level. A board member also praised the small staff’s responsiveness and effectiveness. The State Board of Public Accountancy then presented its budget and policy requests. The executive director said the board regulates CPAs and CPA firms, oversees the CPA exam process, and has about 3,600 active individual licensees and 800 firms. The board requested only a 3% compensation increase for staff, plus a special request to allow an audit supervisor to repay the cost of a Becker review course through payroll deduction as part of succession planning. She also described a board-approved waiver program that began January 1, eliminating application fees for CPA exam candidates and retakes; 42 candidates had used the waiver in the first two weeks. In response to questions, she said the board does not assist CPAs with IRS disputes, but it does investigate complaints from the IRS, SEC, PCAOB, or others. Finally, a representative presented for the Board of Licensed Professional Counselors. She explained that the board regulates licensed counselors and psychotherapy providers, meets frequently, and has two staff members. The board’s main request was for additional investigative capacity: a full-time investigator and related funding, because complaints are currently handled by part-time investigators, contractors, and sometimes board members, which can require recusals from hearings. She said the state auditor had recently flagged complaint backlogs at regulatory agencies, supporting the request. The board also sought funding for a contractual administrative position, salary progressions, and a one-time technology increase to modify its new licensing system for the counseling compact and better search functions. Members questioned the board about its large cash balance, which was reported at about $860,000, and whether it should provide fee relief or other benefits to members; the presenter said the board would look into that and noted that revenues had increased significantly in recent years, partly due to out-of-state and telehealth-related licensing demand.

Transcript Highlights:

• Item B is the removal of revenue bonds and general revenue for capital complex phases one and two.
• All debt for all facilities, and if they have the attachment of the revenue coming, if it's revenue sharing
• Item four discusses the revenue related to private equity.
• I am the Executive Director of the **National Revenue Board**.
• We don't receive any general revenue, as you heard from the LBB.

Bills: SB1, SB 1

Keywords: appropriations, budget, state funding, education, healthcare, infrastructure, campground safety, youth camp regulations, flood safety, emergency evacuation, health and safety standards, 1185, senate, all

Transcript Highlights:

• So, Reese, when we look at the $6.94 million in revenues...
• declining revenues, that plays into our discussion as well.
• Net operating revenue.
• annual revenue bond principal and interest payment.
• The ratio had been higher on the revenue bonds.

Keywords: 908, all

Transcript Highlights:

• We're going to go ahead and call the Senate Committee on Revenue to order. Mr.
• Welcome to the Senate Committee on Revenue. We do have a quorum.
• Beth Oliva for the record: We're projecting, in 2022, about $750,000 in revenue.
• But it should be around that $750,000 to maybe $800,000 in revenue to the state.
• Okay, so that concludes our business, and we will adjourn Senate Revenue. Oh, yeah, I'm sorry.

Keywords: 909, all

Transcript Highlights:

• We will be providing you an update on our revenue forecast, as well as hearing from George Hammond.
• And the dark blue bars are revenue, the white bars are spending.
• So that's the revenue picture under the updated forecast.
• And the dark blue bars are revenue, the white bars are spending.
• changed expenditure estimates, but the revenue bars are smaller. and the result is that But the revenue

Keywords: 1182, all

Summary: At the April meeting of the Finance Advisory Committee, staff presented an updated state revenue forecast that was more cautious than January’s because of heightened economic uncertainty tied to the Iran conflict and broader national risks. The general fund’s available resources were revised down from $577 million in January to $378 million in the April forecast, with the lower estimate driven by reduced revenue projections while spending assumptions were unchanged. Staff said the outlook depends heavily on how long the Middle East conflict lasts and noted that a prolonged disruption could weaken the forecast further, while a quick resolution could improve conditions. George Hammond of the University of Arizona gave a broad economic overview, highlighting geopolitical risk, elevated oil and gasoline prices, sticky inflation, weak Arizona job growth, and uncertainty around federal policy, tariffs, immigration, and AI-related investment. He said Arizona’s recent job growth has been very weak and concentrated mainly in health services, while most other sectors lost jobs, and he attributed much of the slowdown to low hiring rather than layoffs. He also discussed population growth, noting that Arizona remains above the national average but is increasingly dependent on net migration as natural increase slows, and he warned that housing affordability remains strained even as Phoenix inflation has moderated. Panelists generally echoed the cautious outlook but pointed to some offsets. Liz St. Clair said Arizona’s near-term revenues could benefit from tourism tied to spring training and the Final Four, though higher fuel costs could dampen discretionary spending. Other panelists noted that the federal policy environment, tariffs, and immigration changes are likely to restrain growth, while productivity gains, especially from technology and AI, may help businesses maintain output. Several members also discussed housing, saying single-family permits have fallen while rental supply has improved affordability, and they raised concerns about labor-force growth, wage disparities, and the reliability of recent employment data revisions. No formal votes or actions were taken.

Transcript Highlights:

• The green line represents our revenues. The red line is our expenditures.
• So, as a county, our revenues, we can't increase our revenues. It's set. Revenues are there.
• We then have to put all our services into that revenue and make sure it's balanced.
• It shows decreased revenues. It shows year one, year two, year three, the cost of this.
• At that point, the revenues that the county will bring in is $6 million a year.

Keywords: 996, all