Transcript Highlights:

• And this um, calculated and allocated.
• It specifies that charter schools are eligible for additional general education revenue calculated at
• And so this would provide revenue.
• So, my feeling from the revenue.
• </c> be to um replace the LTFM revenue be to um replace the LTFM revenue reduced<00:26:03.760><c> in<

Committee: Senate Education Finance

Transcript Highlights:

• Does Melissa— I think that was based on the revenue estimate from the governor for the VT revenue of
• I think when we had agencies come in, I think Department of Revenue was one.
• calculation applies.
• calculation applies.
• </c><04:35:10.439><c> exceeds</c> the benefit on that calculation exceeds the benefit on that calculation

Summary: The committee took up House Bill 2 retirement provisions, focusing on Group Two/Tier B changes in pages 25-39. Jan Goodwin of the New Hampshire Retirement System and deputy chief counsel Mark Kavanaugh explained that the 2025 bill is largely similar to prior versions, but it restores certain pre-2011 benefit rules for Tier B members, including changes to average final compensation and earnable compensation, and it also addresses the annuity multiplier for years of service. Members discussed the tier structure, with Tier A referring to vested members, Tier B to those hired before 11/1/12 who were not vested, and Tier C to later hires. Several members expressed concern that the bill’s purpose was to restore Tier B benefits, not to change Tier A rules or create broader changes affecting newer hires. The retirement system flagged two likely drafting problems. First, it said a provision appears to omit a special-duty/earnable-compensation limitation in the Group Two section, which they believed was a scrivener’s error caused by moving language out of the Group One definition without adding it back for Group Two. Second, they noted the bill’s multiplier language overlaps with changes already enacted in HB 1647, which increased the multiplier for service beyond 15 years for Group Two and carried an estimated $26 million cost. The committee discussed that HB 1647 was originally broader in the House, but the Senate narrowed it to Tier B only. The actuary’s comparison of the 2023 and 2025 HB 2 versions showed the bills are close, but the 2025 version differs in funding and timing. Staff said the 2025 bill appropriates $2.5 million more per year for 10 years, and that, together with updated actuarial assumptions and a larger share of the affected tier having already retired or otherwise left service, results in a larger reduction in unfunded liability than the 2023 bill: about $98.2 million versus $68.5 million. Employer contribution impacts were described as small overall, though the 2025 bill was said to be somewhat more favorable than the 2023 version. Members also questioned why House Bill 1 only funds $5 million in the first year, and staff said that was tied to the governor’s revenue estimate and that the full funding does not begin immediately. No votes were taken in the portion provided; the committee mainly received testimony, asked clarifying questions, and noted that some issues would be addressed in the fiscal note worksheet.

Transcript Highlights:

• I think it's very small how the state will divvy up its revenues.
• I think it's very small how the state will divvy up its revenues.
• I think it's very small how the state will divvy up its revenues.
• I think it's very small how the state will divvy up its revenues.
• </c><01:47:27.800><c> from</c> on the rooms and meals revenues from on the rooms and meals revenues from

Committee: Senate Ways and Means

Transcript Highlights:

• And then we will have a presentation from E3 on the Energy Revenue.
• So this slide explains how we calculate the allowances given to EITEs. Bear with me.
• That's only if they can't calculate a carbon intensity baseline.
• And then 2025 and 2026, we haven't calculated because those years are not over yet.
• , and then the potential impact on the amount of revenue being generated by the auctions.

Summary: The committee held a work session covering PFAS regulation and impacts, no-cost allowance allocation for emissions-intensive trade-exposed industries (EITEs), and regional resource adequacy and data center load growth. Senator Victoria Hunt was welcomed as a new member. The Department of Ecology reviewed Washington’s Safer Products for Washington PFAS work, including completed restrictions on PFAS in outdoor furniture, carpets, rugs, stain/water-resistant treatments, and newer rules adopted in November restricting PFAS in most apparel, cleaning products, and automotive washes, with reporting requirements for some other products such as cookware and firefighting gear. Ecology also described Cycle 2 PFAS reviews now underway, including artificial turf and paints, and answered questions about compliance, online sales, sell-through periods, and how Washington’s approach differs from broader bans in states like Maine and Minnesota. The Department of Ecology also presented on PFAS in biosolids, describing a 2024 sampling study, limitations in testing methods, and a 2025 statutory amendment requiring additional sampling between 2027 and 2028 and a report to the legislature in 2029. The Department of Health then updated the committee on PFAS in drinking water, reporting that most Group A public water systems have completed sampling, that 317 sources and 188 systems are expected to exceed new contaminant levels, and that treatment costs for public systems are estimated at about $970 million, leaving a large funding gap; members also asked about private wells, health effects, bathing exposure, and home filters. The Board of Health’s new state action levels are being aligned with federal MCLs, and the department said it expects to continue monitoring and notification under state rules. Ecology also briefed the committee on no-cost allowance allocations to EITEs under the Climate Commitment Act, explaining the leakage-mitigation rationale, the current allocation schedule through 2034, and a forthcoming report on policy options for 2035-2050; members asked about industry barriers, competitiveness, and whether facilities might leave the state. Finally, E3 presented a regional resource adequacy study showing rising load, retirements outpacing additions, limited winter reliability value from wind, solar, and batteries, and a projected shortfall beginning in 2026 that could grow to about 9,000 MW by 2030 if planned projects are not built. The presentation emphasized winter cold-weather events, hydro variability, the importance of permitting and transmission, and longer-term options including nuclear, geothermal, hydrogen, carbon capture, and long-duration storage. EPRI then introduced its DC Flex initiative, which is studying how data centers can provide flexible load through workload shifting, cooling optimization, and on-site backup or bridging resources to reduce grid stress and protect ratepayers.

Transcript Highlights:

• The bill aligns with current ERS procedures, is revenue neutral, and ensures fairness for employees who
• streamline tax filing requirements under the Texas Heavy Equipment Dealer Act, ensuring that no tax revenue
• substitute for House Bill 3486, relating to a deduction from the amount of taxable sales used to calculate
• A deduction from the amount of taxable sales used to calculate the amount of sales and use taxes that
• Used to calculate the amount of sales and use taxes that the owners of restaurants that purchase Texas

Bills: SB203 , SB317 , SB731 , SB801 , SB823 , SB867 , SB1232 , SB1380 , SB1798 , SB2082 , SB2603 , SB2607 , SB2717 , SB2797 , SB2841 , SB2919 , SB3074 , HB2 , HB6 , HB18 , HB43 , HB47 , HB 120 , HB143 , HB149 , HB171 , HB180 , HB285 , HB305 , HB449 , HB647 , HB742 , HB748 , HB908 , HB 1024 , HB 1240 , HB 1306 , HB1397 , HB1443 , HB1445 , HB1533 , HB1866 , HB1902 , HB2001 , HB2011 , HB2026 , HB2282 , HB2355 , HB2402 , HB2434 , HB2440 , HB2492 , HB2516 , HB2518 , HB2560 , HB2674 , HB2688 , HB2697 , HB2712 , HB2713 , HB2715 , HB3153 , HB3161 , HB3421 , HB3424 , HB3464 , HB3486 , HB3510 , HB3627 , HB3966 , HB3986 , HB4042 , HB4044 , HB4076 , HB4263 , HB4384 , HB4396 , HB4413 , HB4426 , HB4429 , HB4945 , HB4996 , HB5033 , HB5246 , HB5436 , HB5515 , HB5667 , SJR5 , SB3 , SB4 , SB9 , SB20 , SB21 , SB23 , SB27 , SB33 , SB34 , SB40 , SB75 , SB213 , SB269 , SB379 , SB458 , SB528 , SB647 , SB648 , SB650 , SB681 , SB740 , SB840 , SB843 , SB924 , SB1061 , SB1120 , SB1121 , SB1150 , SB1188 , SB1198 , SB1202 , SB1253 , SB1318 , SB1333 , SB1405 , SB1423 , SB1535 , SB1566 , SB1574 , SB1621 , SB1709 , SB1789 , SB2037 , SB2078 , SB2268 , SB2544 , SB2570 , SB2601 , SB2778 , SB1 , SB17 , SB260 , SB509 , SB1506 , SB1637 , SB1833 , SB2155 , SB2308 , HB2525 , SJR36 , SJR50 , SJR63 , SCR12 , SCR39 , SB2023 , SB62 , SB666 , SB847 , SB284 , SB854 , SB810 , SB1505 , SB583 , SB507 , SB1434 , SB1772 , SB2016 , SB1122 , SB731 , SB397 , SB508 , SB1436 , SB287 , SB1882 , SB393 , SB1791 , SB209 , SB2429 , SB1085 , SB1975 , SB2717 , SB1262 , SB636 , SB2056 , SB884 , SB1200 , SB1845 , SB2458 , SB801 , SB3014 , SB3013 , SB758 , SB2797 , SB2076 , SB2876 , SB1640 , SB1449 , SB1181 , SB1234 , SB2926 , SB2841 , SB1528 , SB1854 , SB317 , SB1250 , SB2082 , SB1237 , SB2819 , SB629 , SB2608 , SB1602 , SB2009 , SB867 , SB640 , SB1698 , SB2680 , SB913 , SB1071 , SB1086 , SB1087 , SB1483 , SB1444 , SB1553 , SB1556 , SB1703 , SB2133 , SB2297 , SB2298 , SB2622 , SB2955 , SB2334 , SB1367 , SB2044 , SB2363 , SB2565 , SB1888 , SB3036 , SB3057 , SB3043 , SB3063 , SB3035 , SB203 , SB2688 , SB2522 , SB2459 , SB2655 , SB2251 , SB1884 , SB2928 , SB2566 , SB1749 , SB2549 , SB2553 , SB2919 , SB1944 , SB1232 , SB1798 , SB2603 , SB2607 , SB2683 , SB1319 , SB3038 , SB3045 , SB1538 , SB3071 , SB3065 , SB823 , SB3062 , SB3074 , SB1380 , HJR133 , HB2715 , HB2 , HB26 , HB388 , HB2712 , HB1633 , HB685 , HB1606 , HB1458 , HB 1240 , HB2791 , HB1397 , HB2061 , HB647 , HB4738 , HB2563 , HB 128 , HB766 , HB2259 , HB2358 , HB4384 , HB748 , HB5180 , HB3806 , HB3804 , HB3803 , HB1522 , HB3597 , HB1612 , HB4224 , HB1314 , HB 1237 , HB3126 , HB2856 , HB3114 , HB3505 , HB5652 , HB2025 , HB3395 , HB18 , HB2516 , HB2713 , HB24 , HB519 , HB609 , HB1592 , HB 120 , HB1533 , HB2421 , HB2273 , HB2464 , HB2011 , HB5084 , HB3424 , HB4396 , HB43 , HB5686 , HB2518 , HB4310 , HB180 , HB149 , HB4945 , HB2434 , HB3161 , HB3745 , HB4044 , HB5155 , HB5667 , HB4996 , HB2697 , HB2492 , HB2355 , HB2282 , HB2001 , HB1902 , HB1866 , HB1445 , HB1443 , HB 1306 , HB 1024 , HB908 , HB305 , HB285 , HB449 , HB171 , HB47 , HB3464 , HB2637 , HB4263 , HB5436 , HB4429 , HB3986 , HB3966 , HB3510 , HB2560 , HB2026 , HB2688 , HB4076 , HB5246 , HB3487 , HB3486 , HB4226 , HB216 , HB742 , HB2402 , HB143 , HB5033 , HB4413 , HB4042 , HB2440 , HB4426 , HB49 , HB4112 , HB3233 , HB2310 , HB5515 , HB3627 , HB2674 , HB322 , HB1481 , HB 126 , HB3062 , HB3421 , HB3180 , HB2530 , HB2524 , HB1916 , HB3153 , HB5650 , HB4894 , HB3120 , HB1629 , HB 103 , HB3234 , HB3680 , HB5698 , HB3171 , HB5693 , HB2694 , HB5664 , HB3732 , HB2508 , HB2293 , HB1991 , HB2014 , HB5331 , HB5247 , HB4751 , HB4690 , HB4668 , HB4464 , HB4395 , HB4063 , HB3833 , HB3623 , HB3214 , HB3512 , HB3250 , HB3016 , HB2520 , HB2221 , HB2213 , HB3824 , HB2067 , HB1732 , HB1562 , HB700 , HB1545 , HB252 , HB146 , HB5596 , HB1851 , HB3619 , HB3071 , HB3556 , HB851 , HB4230 , HB5320 , HB5651 , HB5670 , HB5665 , HB5437 , HB5679 , HB5699 , HB5661 , HB5662 , HB5654 , HB5672 , HB5656 , HB5149 , HB4903 , HB4743 , HB4666 , HB4377 , HB4535 , HB4129 , HB3812 , HB3801 , HB3595 , HB3057 , HB2035 , HB721 , HB35 , HB346 , HB2974 , HB2512 , HB5695 , HB5694 , HB5671 , HB5674 , HB5688 , HB1586 , HB5154 , HB2038 , HB163 , HB413 , HB3463 , HB3185 , HB2761 , HB2593 , HB2348 , HB2073 , HB1828 , HB1422 , HB75 , HB1871 , HB 108 , HB2306 , HB2017 , HB 1135 , HB144 , HB3689 , HB5308 , HB 101 , HB2193 , HB5666 , HB5677 , HB5682 , HB5680 , HB5658 , HB5696 , HB4144 , HB3159 , HB3254 , HB3866 , HB3010 , HB4520 , HB3642 , HB3928 , HB3815 , HB2686 , HB2012 , HB1960 , HB227 , HB654 , HB1690 , HB2128 , HB4158 , HB4530 , HB4630 , HB5659 , HB1523 , HB2078 , HB2427 , HB145 , HB1973 , HB3333 , HB3697 , HB3546 , HB3225 , HB3181 , HB3133 , HB3053 , HB2885 , HB2820 , HB2294 , HB2253 , HB1661 , HB1506 , HB 1234 , HB640 , HB621 , HB551 , HB521 , HB493 , HB272 , HB229 , HB223 , HB201 , HB186 , HB 119 , HB2080 , HB2818 , HB5394 , HB4795 , HB4466 , HB4454 , HB3940 , HB3749 , HB3151 , HB3284 , HB1403 , HB 1106 , HB2844 , HB2851 , HB1500 , HCR141 , HCR118 , HCR127 , HCR40 , HCR59 , HCR10 , HCR135 , HCR142 , HCR9 , HCR76 , HCR108 , SB823 , SB1380 , SB3074 , HB47 , HB143 , HB149 , HB171 , HB285 , HB305 , HB449 , HB742 , HB908 , HB 1024 , HB 1240 , HB1397 , HB1443 , HB1533 , HB1866 , HB1902 , HB2001 , HB2011 , HB2355 , HB2402 , HB2434 , HB2440 , HB2492 , HB2560 , HB2688 , HB2697 , HB2712 , HB3153 , HB3161 , HB3421 , HB3424 , HB3464 , HB3486 , HB3510 , HB3986 , HB4042 , HB4076 , HB4263 , HB4413 , HB4426 , HB4429 , HB4945 , HB4996 , HB5246 , HB5515 , HB2 , HB2282 , HB3627 , HB5033 , SR560 , SR561 , HB1904 , HB2240 , HB3686 , HB3793 , HB4202 , HB1904 , HB2240 , HB3686 , HB3793 , HB4202

Transcript Highlights:

• The most recent calculation shows that the state realized a $26.89 to $1 return on its investment in
• </c><00:56:32.799><c> shows</c> year the most recent calculation shows year the most recent calculation
• shows that the state calculation shows that the state realized<00:56:39.680><c> a</c> realized a realized
• Individuals need to purchase stamps for illegal drugs from the Department of Revenue, ranging from $350
• I also want to note that the Department of Revenue hasn't received revenue from this tax in years.

Committee: Senate Judiciary and Public Safety

Transcript Highlights:

• The bill distributes the revenues from this tax in the following ways: 7% of the revenues are deposited
• These revenues must be used by cities and counties for public defense services.
• I'm here to support SB 6346 because we need new revenue to stop devastating costs to care.
• Please bear this in mind as you make revenue-related decisions.
• And my calculations show that's an estimated 90 to 10% ratio against this proposal.

Summary: House Finance held a public hearing on Gross Substitute Senate Bill 6346, a proposal to impose a 9.9% tax beginning in 2028 on Washington taxable income over $1 million for individuals, with related rules for residents, nonresidents, pass-through entities, estimated payments, penalties, credits, and revenue distribution. Staff explained that the bill would also fund several tax changes, including an expanded Working Families Tax Credit, sales tax exemptions for grooming and hygiene products, higher small business B&O credits, an early end to the B&O surcharge on very large businesses, and repeal of most retail services sales tax changes from last session. The fiscal note projected about $2.53 billion in additional state revenue in FY 2029 and $3.21 billion in FY 2030, with local revenue losses and significant Department of Revenue implementation costs. The chair also announced concerns about apparent fraud and duplicate records in the public sign-in system and set testimony rules limiting questions and shortening testimony time as the hearing progressed. The prime sponsor, Senator Jamie Peterson, said the bill was intended to make Washington’s tax system less regressive and to raise revenue for schools, health care, higher education, and other public needs while reducing the burden on lower- and middle-income residents. Supporters from labor, education, health care, child care, housing, poverty-reduction, and social service organizations argued that the bill would help fund essential services, expand the Working Families Tax Credit, and improve fairness by asking the wealthiest households to contribute more. Several individual supporters, including business owners and workers, said they were willing to pay more and described the need for better-funded schools, health care, child care, and public defense. Opponents, including former Attorney General Rob McKenna, business groups, construction and real estate representatives, and taxpayer advocates, argued the measure would function as an unconstitutional income tax, would be unstable and likely expanded over time, and would harm small businesses organized as pass-through entities. They said the bill would reduce investment, discourage entrepreneurship, and could drive businesses and high earners out of Washington. Some local government representatives supported the public defense funding but asked for more dedicated revenue and protection against local revenue losses from the bill’s sales tax exemptions. No committee vote or final action was taken during the hearing.

Transcript Highlights:

• To amend the revenue stabilization law, to create funds, to make transfers to and from funds and fund
• To amend the revenue stabilization law, to create funds, to make transfers to and from funds and fund
• Okay, but the sales tax revenue is currently spent.
• It goes either into general revenue or some of it goes to the Arkansas Department of Transportation.
• No, the sales tax would go into this fund out of general revenue.

Transcript Highlights:

• sales tax revenue for the state.
• And banks also earn far more from card revenue than they spend on rewards.
• What makes it even more challenging is that we are not just paying fees on our revenue.
• We lose the revenue.
• What are their total revenues? Where do they put their money?

Summary: The commission met to continue studying credit card payments, interchange fees, fraud, chargebacks, and the impact of card processing costs on small businesses, especially restaurants and retailers. Members heard extensive testimony from credit unions, retailers, restaurant owners, payment-industry representatives, and an airline trade group. Supporters of reform argued that swipe fees are a major and rising expense, that businesses are paying fees on sales tax and tips that are merely pass-through amounts, and that merchants have little negotiating power. Several restaurant and retail witnesses described thin margins, higher costs for card-not-present transactions, and chargebacks that they said usually favor cardholders and leave merchants absorbing losses and fees. Witnesses from the Cooperative Credit Union Association cautioned that state-level interchange regulation could reduce revenue used for fraud prevention, compliance, and member services, and could lead to higher rates or reduced access. Retail and restaurant representatives countered that fees have risen sharply, that statements are difficult to decipher, and that rewards programs and card-network pricing are subsidized by merchants and ultimately by all consumers. The Massachusetts Restaurant Association and independent operators urged legislation to bar fees on tax and tip portions of transactions and to allow businesses to pass along card fees if they choose, saying this would improve transparency and fairness and help keep small restaurants open. Other testimony came from the National Restaurant Association, which supported interchange reform and said modern point-of-sale systems can already separate tax and tip amounts, and from a payments-industry group that emphasized the broader economic benefits of digital payments and warned against state-by-state rules. Airlines for America opposed changes that could undermine airline credit card rewards programs. Commission members asked detailed questions about fee structures, card types, chargebacks, POS systems, and whether consumers paying cash are also affected. No votes or formal actions were taken at the meeting.

Transcript Highlights:

• Some are Tier 1, Tier 2, Tier 3, depending on the revenue that the entity has.
• So, obviously, as you get closer with more revenue, then it's a full-blown audit.
• I believe the threshold is $100,000 in revenue.
• Does the income from the Assistance Fund count as revenue?
• That they've been able to, their revenue, that also answers it?

Committee: House House Rural Development, Land Grants And Cultural Affairs

Transcript Highlights:

• </c> ratio calculation. ratio calculation.
• </c> the debt to income ratio calculation. the debt to income ratio calculation.
• </c> things in that calculation. things in that calculation. &gt;&gt; Uhhuh.<01:52:58.080><c> Mhm.
• It was already calculated.
• It was already calculated. So tax. Okay. It was already calculated.

Transcript Highlights:

• The numbers that we have come up with is roughly a $1.3 million reduction in the district's revenue.
• So that comes off of the calculation that goes to the districts.
• There's another $200,000 that comes off of that top calculation for management of some aspects of the
• There's another $200,000 that comes off of the top calculation for management of some aspects of the

Committee: House Emerging Issues and Professional Registration

Summary: The committee met to hear Senate Bill 1586, sponsored by Senator Ben Brown, which would address abandoned, ownerless landfills in Missouri. Brown described a constituent’s experience with contamination near an old landfill in Franklin County and said the bill was intended to give the Department of Natural Resources clearer authority to investigate and remediate such sites, create a funding stream by redirecting 10% of solid waste tipping fees, establish an interim committee for further study, and tighten seller disclosure requirements for properties with abandoned landfills. He argued the state has 29 such sites, that the issue has been ignored for decades, and that environmental studies are the necessary first step before cleanup and possible grant applications. Support came from University of Missouri engineering dean Marisa Grosoccoe, who said the bill would provide the regulatory framework and stable funding needed to move forward, noting that even about $1 million annually would likely fund only a few studies per year but would reduce uncertainty and help identify cleanup costs and future land use options. She emphasized that studies can unlock additional funding and eventual redevelopment benefits. In opposition, Solid Waste Advisory Board chair Chris Bussin and Mark Solid Waste District program manager Diana Bryant argued the districts already perform important recycling and household hazardous waste work, that the proposed diversion of tipping fees would significantly reduce local program funding, and that DNR already has authority to address landfill issues. They also questioned the accuracy of the abandoned landfill list and warned that cuts could harm existing services. A county commissioner testifying for information purposes echoed concerns about impacts on small communities and local grant-funded recycling programs. No vote was taken, and the hearing was closed after testimony.

Transcript Highlights:

• By aligning these fee calculations with the intent of the legislature, the bill promotes consistent statewide
• That's why I'm here to speak in support of SB 1117, which would ensure local impact fees are calculated
• adding people to the community; impacts are going to happen, and we have to make sure that there is a revenue
• The current proportional fee calculation provides the greatest benefit to people that own the largest

Committee: Senate Housing

Summary: The Senate Standing Committee on Housing heard two substantive housing bills and two consent items. SB 1116 by Senator Caballero would update the Starter Home Revitalization Act (SB 684) by clarifying development standards for small infill housing, reinforcing ministerial approval and timelines, improving state oversight and reporting, updating subdivision rules, and addressing private restrictions such as HOA or deed provisions that can block housing. The author and supporters, including California YIMBY and a small developer, said the bill responds to implementation problems and would help produce more starter homes; there was no opposition testimony. Members generally supported the measure but noted concerns about local implementation and the broader impact-fee/infrastructure context. SB 1117 by Senator Cervantes would clarify ADU fee law so local governments assess impact fees only on the portion of an ADU above 750 square feet, rather than on the full unit, while keeping the existing 750-square-foot exemption intact. Supporters argued the current fee structure discourages larger ADUs and creates a sharp production drop above 750 square feet; a homeowner witness said fees on an 800-square-foot ADU would have exceeded construction costs. Local government and fire-related organizations opposed or opposed unless amended, arguing impact fees fund essential infrastructure and services and should remain tied to nexus studies. Several senators said the bill was narrowly tailored but emphasized the need to address broader infrastructure financing. The committee also took up consent items SB 1267 by Senator Allen and SB 1426, the committee omnibus bill. After the committee obtained a quorum and later reconvened, it approved the consent calendar 10-0, SB 1117 10-0, and SB 1116 8-0. All measures were ordered out to the Senate Local Government Committee, and the hearing was adjourned.

Transcript Highlights:

• We are walking through the valuation, performing our own valuation, and doing our own calculations.
• We can get a better sense of how the liabilities are being calculated if we replicate that ourselves.
• After that, we’ll take all of that information and run through the contribution calculation following
• These assumed revenue to return are going to different. itself.
• We have calculated that because we're going to see for 2026, I'm sorry, We have calculated that because

Summary: The Public Retirement System Actuarial Committee met on February 23, 2026, approved the December 18, 2025 minutes, and heard no public comment. The committee then reviewed actuarial valuation reports and, for most systems, accompanying experience studies. The actuaries reported generally favorable investment and demographic experience across the systems, with funded ratios improving and employer contribution rates declining in several plans. They also explained the role of funding deposit accounts, frozen unfunded liabilities in some plans, and how recent legislative changes, especially the move to five-year DROP periods in some systems, affected assumptions and costs. For the Louisiana Clerk of Court Retirement Relief Fund, the committee adopted the valuation and experience study, recognizing a fiscal 2027 minimum recommended employer rate of 14.75%. For the District Attorney’s Retirement System, it adopted the valuation and experience study and recognized a fiscal 2027 minimum rate of 3.00%. For the Firefighters’ Retirement System, the committee adopted the valuation and experience study, recognized a fiscal 2027 minimum rate of 25.5%, and noted that DROP balances left on deposit will earn the market rate of return of 11.7%. The committee also adopted the Municipal Employees’ Retirement System valuation for both Plan A and Plan B, recognizing fiscal 2027 minimum rates of 20.75% and 8.75%, respectively. It adopted the Municipal Police Employees’ Retirement System valuation and experience study, recognizing a fiscal 2027 minimum rate of 26.5%, a DROP crediting rate of 7.4%, and a policy range up to 29.35% for future contributions. For the Registrars of Voters Employees’ Retirement System, the committee adopted the valuation and experience study, recognized a fiscal 2027 minimum rate of 0%, and noted a $207,683 allocation to the Member Supplemental Savings Fund for fiscal 2026. Finally, it adopted the Sheriff’s Pension and Relief Fund valuation and experience study, recognizing a fiscal 2027 minimum rate of 7.75%. All motions passed without objection, and the meeting adjourned.

Transcript Highlights:

• Finally, the Division of Financial Management noted a calculation error that affected the amount of General
• For enhancement number one, align utilities costs to rent revenue; add three FTP and $397,300 from dedicated
• one for aligning utilities costs For enhancement number one, for aligning utilities cost to rent revenue
• and adjusts the General Fund rescission in the department's program maintenance budget due to a calculation

Summary: The committee took up a series of JFAC budget items, beginning with health education programs. Members approved an FY 2027 increase of $900,000 and 2.5 FTP for psychiatry, family medicine, OB fellowship, child psychiatry, and veterinary education slots. They then adopted language to shift funding for the family medicine OB fellowship to the rural health transformation program if those funds become available before July 1, 2026, with the general fund then redirected to undergraduate medical education seats under H 368. The language drew debate about whether rural health money should be reserved for rural facilities and whether the provision would preempt a future committee’s role, but it ultimately passed. The committee next approved the Office of the State Board of Education budget, including Canvas LMS renewal, transfer of risk managers to institutions, and a federal post-secondary improvement grant, with a net increase of $4,487,900 and a reduction of four FTP. For colleges and universities, a substitute motion to add general fund support for an additional rescission restoration and other items failed, and the original motion passed instead, providing a smaller increase. Community colleges received a one-time general fund increase of $1,123,200 after the committee rejected a substitute that would have only reduced Canvas costs. Career Technical Education was addressed twice: first, the committee approved $957,600 one-time from the Career Ready Students Fund to restore a prior rescission in secondary programs; later, it approved $1,877,300 one-time from the same fund for secondary CTE programs after rejecting a substitute that would have used ongoing general fund support. The Department of Administration budget included utilities, Medicaid procurement staffing, training, document services, IT hardware, and a rescission correction. The committee rejected the main motion after concerns were raised about staffing for a large Medicaid managed care contract, but then approved the Permanent Building Fund budget, including $890,100 for design of a National Guard Readiness Center in Bonneville County and $71.6 million for replacement items and maintenance projects. Standard language and reporting language for that fund were adopted by unanimous consent. Finally, the State Lottery received approval for $25,800 in dedicated funds for replacement computers used in scratch-game design. The committee adjourned after announcing future work group meetings and upcoming budget agenda items.

Transcript Highlights:

• increased amenities that are possible because of that growth, and certainly with the increased tax revenues
• maybe what we should be looking at is counting the number of people, not necessarily homes, and, calculated
• , it may... ...people, not necessarily homes, and calculated maybe they do that in the cities anyway,
• But I think the cities and maybe counties are looking to the revenue that they generate on those regulations

Committee: Senate Local Government and Taxation

Transcript Highlights:

• So rough calculations, somewhere between $6.8 million and $7.7 million.
• So that's another avenue of savings that was not calculated in those numbers I gave you.
• So they have one general revenue fund, and then they have 19 trust funds, which all of the different
• recommendation would actually be to move some of the requests, the number one priority, over into general revenue

Summary: The Health Care Budget Subcommittee met to review agency budgets, vacant positions, and possible efficiencies across several health and human services agencies. Members were asked to identify savings and potential areas for increased funding, and the discussion repeatedly focused on whether long-vacant FTEs, reversion of funds, and staffing shortages reflect true operational needs or broader budgeting and recruitment problems. The chair and members emphasized that the exercise was intended to help the committee make more informed budget decisions and to identify structural issues that may require legislative action. For the Agency for Persons with Disabilities, members highlighted a large waiting list, including individuals in crisis and children, and discussed whether vacant positions and unspent funds could be redirected to services. Several members raised concerns about delays in crisis applications, the use of paper applications, and whether the issue is staffing, process, or both. For the Department of Children and Families, the presenters discussed vacant positions, the use of staff augmentation in state hospitals, support for expanding behavioral qualified residential treatment program beds, and concerns raised by audits of the managing entities, which showed procurement and financial management problems. They recommended continued oversight, reporting requirements on Medicaid enrollees receiving mental health services through managing entities, and support for the governor’s proposed funding items. Other agencies reviewed included Elder Affairs, where members questioned the need for multiple divisions, CARES assessments, and supervisory overhead; the Department of Health, where vacancies, turnover, pay gaps, and units of rate were discussed as barriers to recruitment and retention; and the Department of Veterans’ Affairs, where the presenters said vacancies were tied to new nursing homes and recommended shifting a major priority into general revenue rather than trust funds. Throughout the meeting, members generally agreed that the vacancy review was eye-opening and suggested deeper, possibly separate, reviews of agency staffing, pay parity, and fund reversion practices. No formal votes were taken during the transcript.

Transcript Highlights:

• And so it would lower overall revenue in the market, I assume, correct?
• And those are helping put additional revenue in the market.
• But there is a revenue generation from allowing...
• So, one, how are you calculating that?
• You know, I did my own calculations.

Summary: The Senate Business and Commerce Committee held its third interim hearing on Texas electric grid reliability and 765 kV transmission lines/private property rights. Chair Schwertner opened by noting record ERCOT summer demand of 91,089 MW and emphasized the committee’s focus on managing rapid load growth, ensuring adequate generation, and protecting homeowners, businesses, landowners, and ratepayers. The committee also adopted strict two-minute limits for public testimony and planned to hear invited witnesses first, then public testimony. PUC Chairman Thomas Gleeson, ERCOT CEO Pablo Vegas, and OPUC Chief Counsel Benjamin Barclay testified on Senate Bill 6 implementation, large-load interconnection, transmission cost allocation, and market design. Gleeson said the PUC has adopted or is finalizing rules on net metering/co-location, large load interconnection standards, and a transmission cost recovery rule that would move from 4CP to 12CP, lengthen the interval to 30 minutes, and add a minimum demand charge to better allocate costs to large loads. Vegas explained ERCOT’s new batch process for large loads, saying it provides year-by-year capacity allocations, clearer financial obligations, and a transmission plan; he reported 205 GW eligible for Batch Zero, with 65 GW classified as baseload, 25 GW in an intermediate category, and 114 GW as allocated load. Barclay supported the changes as better protection for residential and small commercial customers, while warning that the minimum demand charge may need an exit-fee concept to address stranded costs if large loads leave. Members pressed witnesses on whether additional market changes are needed to attract dispatchable thermal generation and whether DRS/DRRS Plus could become a capacity-market substitute. Gleeson and Vegas said the current market still favors solar, batteries, and other low-variable-cost resources, and that more incentives may be needed for gas and other thermal generation; Gleeson said the commission’s reliability standard assessment will begin this year and conclude next year with a 2029 outlook. They described DRS as an ancillary service for intraday reliability and DRS Plus as a proposed real-time revenue mechanism for thermal resources during scarcity, not a forward capacity market. Senators also questioned whether 12CP could still be gamed, whether curtailment authority under SB 6 should be expanded from EEA 2 to earlier stages, and whether the batch process should be bifurcated so traditional industrial loads are handled differently from data centers. Witnesses said the batch process is intended to prevent speculative projects from driving transmission costs, that most large-load projects are data centers, and that future rules may need to better distinguish among types of large loads.

Transcript Highlights:

• applies to the final total transaction amount of cash after taxes, fees, and other charges are calculated
• applies to the final total transaction amount of cash after taxes, fees, and other charges are calculated
• 10 at 12:47 p.m. removes the exemption for the sale of an individual item, requires a seller to calculate
• The surveyor comes out, makes sure that all your elevations are there, the calculations are done, so
• The bill ensures that a candidate's experience, education, and specific skills are calculated into a

Summary: The committee first considered the reappointment of Troy L. Campbell to the Arizona State Liquor Board. Campbell described his nearly 10 years of service, his role as chair since 2019, and his focus on fairness, public safety, and applying the law consistently. He answered questions about the board’s workload and authority, noting it hears roughly 40 to 50 cases a year and does not issue fines. With no public testimony, the committee voted 6-0 to recommend his confirmation to the full Senate. The committee then heard several liquor and consumer-related bills. SB 1478, an annual liquor-policy cleanup bill, made technical changes to liquor statutes, including conforming the definition of cider to federal tax law and clarifying other terminology. The bill drew support from industry stakeholders and neutral testimony from the Department of Liquor Licenses and Control; the committee adopted a clarifying amendment and recommended the bill do pass as amended. SB 1108 would require Swedish rounding of cash transactions when pennies are unavailable, with signage and enforcement provisions; an amendment removed an individual-item exemption and clarified tax calculations, and the bill passed as amended with support from business groups. SB 1205 would regulate private-property vehicle booting by setting signage, notice, fee, and recordkeeping requirements and making violations a misdemeanor; members raised concerns about appeals and signage on non-parking property, but the committee adopted a technical amendment and recommended the bill do pass as amended. The committee also took up SB 1241, which would allow private permitting providers to conduct plan reviews and inspections for single-trade residential projects without municipal or county approval. Supporters argued it would reduce delays and costs for homeowners and help cities focus on higher-priority work, while cities and counties opposed the bill on public-safety and local-control grounds, warning about private incentives and inspection quality. After adopting an amendment granting immunity to municipalities that rely on private providers, the committee recommended the bill do pass as amended by a 5-2 vote, with some members explaining their votes and asking for further stakeholder work. Finally, the committee heard SB 1366, which creates a Public Property Towing and Impound Practices Study Committee to review towing fees, standards, insurance, background checks, and related DPS policies, and to report recommendations by the end of 2026. Supporters said the study would help address inconsistent standards and consumer concerns before permanent changes are made. Some members objected that the study committee did not include minority-party appointments, but the sponsor said that could be addressed later. The committee adopted a strike-everything amendment and recommended the bill do pass as amended. The committee then began SB 1431, a housing-design bill limiting municipal design standards and restrictions on certain shared features, but the transcript cuts off during extended debate and no final action on that bill is shown.

Transcript Highlights:

• offered to workers, things such as supplemental retirement plans and accompanying education and calculators
• most transparent things for us to find, so you may very well be doing those things, but we also calculate
• This is a conversation that's been going on for a while, courtesy of the pandemic and the giant revenue
• The actuarial calculations are done on a rolling five-year average.
• So we have our third-party investment consultant calculate this periodically on a 10-year basis.

Committee: House Investments & Pensions Oversight Committee