Transcript Highlights:

• This slide does not contain a comprehensive list of all federal policy changes from the One Big Beautiful
• This slide does not contain a comprehensive list of all federal policy changes from the One Big Beautiful
• So when those necessities cost more, they're not going to come and spend money on a craft beverage that's
• So when those necessities cost more, they're not going to come and spend money on a craft beverage that's
• Beverage that's going to, you know, cost them a little bit more.

Transcript Highlights:

• others, but we have You'll see the funding deposit account mentioned here.
• Then the funding deposit account... At 83.27 percent.
• It was paid off years ago from the funding deposit account early.
• They have a relatively new funding deposit account.
• So the funding deposit...

Summary: The Public Retirement System Actuarial Committee met on February 23, 2026, approved the December 18, 2025 minutes, and heard actuarial valuation reports and experience studies for several retirement systems. Presenters repeatedly noted strong investment performance, payroll growth, and generally improving funded ratios across the systems, with most plans showing lower minimum recommended employer contribution rates for fiscal 2027. The committee also received explanations of funding deposit accounts, frozen unfunded liabilities in some plans, and how recent legislative changes, including the move to five-year DROP periods in some systems, affected costs and assumptions. For the Clerk of Court, District Attorney, Firefighters, Municipal Employees (Plans A and B), Municipal Police, Registrars of Voters, and Sheriffs systems, the committee reviewed 2025 actuarial evaluations and, where applicable, 2025 experience studies. The actuarial reviewers reported no significant deficiencies and said the valuations were completed in accordance with applicable actuarial standards, generally accepted actuarial practice, and state statutes. The experience studies generally led to modest assumption changes, with some cost decreases from salary, mortality, withdrawal, and asset experience, while some plans saw offsetting increases from retirement or post-DROP behavior. The committee asked a brief question about mortality assumptions and was told the studies use separate male/female and safety/non-safety tables adjusted for Louisiana experience. The committee adopted each valuation and experience study without objection. Key fiscal 2027 minimum recommended employer contribution rates included 14.75% for Clerk of Court, 3.0% for District Attorneys, 25.5% for Firefighters, 20.75% for MERS Plan A, 8.75% for MERS Plan B, 26.5% for Municipal Police, 0% for Registrars of Voters with a $207,683 allocation to the Member Supplemental Savings Fund, and 7.75% for Sheriffs. The committee also recognized DROP crediting rates where applicable and adjourned after completing all agenda items.

Transcript Highlights:

• Senate Bill 196 defines and adds food as a drug if it contains a vaccine or vaccine materials in the
• This is called the auxiliary container bill.
• ' to 'Department of Environmental Protection may regulate auxiliary containers.'
• This deals with a statewide regulation on auxiliary containers. And Madam Chair? Yes, sir. Can I?
• ...regulation on auxiliary containers. And Madam Chair, yes.

Committee: Senate Rules

Summary: The committee took up a series of bills, beginning with SB 1422 on unmanned aircraft systems. The bill increases penalties for flying drones over critical infrastructure, prohibits drones equipped with weapons or explosives, creates a first-degree felony for drones carrying a weapon of mass destruction, and includes a law enforcement exception. A lay-filed amendment by Senator Pizzo warning against the use of force to shoot down drones was debated but failed, and the bill was then reported favorably. The committee also reported favorably on SB 846 addressing notary public fraud in immigration-related services, SB 650 on hazardous walking conditions for school transportation, SB 922 on employment agreements including non-compete and garden leave provisions, and SB 1820 on motor vehicle manufacturer and dealer relations, covering performance measures, retaliation, and franchise termination standards. Several bills focused on education, health care, and disability issues. SB 540, the Evan B. Hartzell Act, would require disability history and awareness instruction across grade levels; it drew emotional testimony from the bill sponsor, family members, and supporters, and was reported favorably. SB 998 would allow advanced practice registered nurses to certify deaths and file death certificates in hospice settings under physician protocol, and SB 1412 would modernize home health agency rules by expanding administrative flexibility and contract service use; both passed. SB 1736 would allow direct support professionals and relatives to administer insulin in group home settings for individuals with developmental disabilities, and it was also reported favorably. The committee also advanced several regulatory and court-related measures. SB 1650 expands Florida’s vexatious litigant law, including allowing designation based on conduct in a single case and extending the look-back period, while SB 1652 creates a public records exemption for certain stricken non-criminal court filings; both were approved. SB 1076 on roofing contractors was amended to require continuing education for roof-to-wall connections and then passed, and SB 1078 on fire prevention was amended with stakeholder-agreed language before being reported favorably. SB 1080 on local government land regulations, after multiple amendments and significant debate over agricultural enclaves and local control, was also approved. Other major measures included SB 818 on utility relocation, which creates a relocation fund funded by a portion of communications services tax revenue and was supported by multiple industry and local-government groups after a compromise amendment; SB 868 on social media use by minors, which would require a decryption mechanism for law enforcement access under subpoena and prohibit disappearing messages for minors, remained under discussion as the transcript ended. The committee also heard SB 96, a claims bill for Jacob Rogers against the City of Gainesville, and reported it favorably after testimony that the city would pay the settlement amount.

Transcript Highlights:

• read: House Bill 3501 by Duel of the House and Heinz of the Senate, an act relating to alcoholic beverages
• So this would, at least to some extent, facilitate the availability of alcoholic beverages.
• House Bill 3501 by Duel of the House and Heinz of the Senate, an act relating to alcoholic beverages.
• House Bill 3501 by Duel of the House and Heinz of the Senate, an act relating to alcoholic beverages.
• House Bill 3011 by Pogemiller of the House and Coleman of the Senate, an act relating to alcoholic beverages

Bills: HB4420 , HB3974 , HB3016 , HB3062 , HB3021 , HB3145 , HB4128 , HB3131 , HB3015 , HB3472 , HB3453 , HB1638 , HB4126 , HB2696 , HB2710 , HB3552 , HB3031 , HB3544 , HB3521 , HB4490 , HB4488 , HB1746 , HJR1069 , HB4428 , HB4429 , HB1170 , HB3538 , HB4124 , HB3904 , HB4106 , HB2999 , HB3982 , HJR1077 , HB3464 , HB2588 , HB3462 , HB4440 , HB3674 , HB3345 , HJR1067 , HB4326 , HB4331 , HB4337 , HB4338 , HB4359 , HB4392 , HB3557 , HJR1076 , HB4003 , HB3495 , HB3497 , HB3501 , HB3505 , HB3749 , HB3011 , HB4336 , HB4346 , HJR1087 , HB3240 , HB3647 , HB3796 , HB3969 , HB3972 , HB3983 , HB3984 , HB3989 , HB3383 , HB3130 , HB4358 , HB3327 , HJR1055 , HB3386 , HJR1089 , HB3087 , HB2970 , HB3314 , HB4129 , HB4199

Summary: The House considered and passed a series of bills focused on public finance, securities, pharmacy regulation, criminal penalties, energy, housing associations, and Medicaid. Early votes included House Bill 4428, which requires public retirement systems to base proxy voting and related engagement on fiduciary, pecuniary factors, and House Bill 4429, which adds disclosure requirements for proxy advisors and excludes charitable organizations from the definition; both passed. House Bill 1170, also dealing with public finance and aligning definitions with the earlier retirement-system bill, passed the House, but its emergency clause failed. The chamber also adopted a motion to suspend House Rule 4.4J to allow food on the floor for the rest of the legislative day. Members then passed House Bill 3538, a negotiated pharmacy benefits manager measure that establishes a mandatory minimum dispensing fee for pharmacies and was described as intended to help independent pharmacies; it passed unanimously. House Bill 4124, allowing pharmacies to sell human ivermectin over the counter, also passed after extended debate. House Bill 3904, which changes Oklahoma Medicaid maternity payments to separate prenatal, delivery, and postpartum reimbursements, passed with broad support. House Bill 4106, lowering the felony threshold for repeated petty larceny from $1,000 to $900 and tying it to multiple offenses within 180 days, passed after amendment. The House also approved House Bill 2999, which would prohibit requiring public officials to sign nondisclosure agreements under certain conditions, and House Bill 3982, addressing temporary tags for new and used dealerships and commercial vehicles. House Bill 3464, an energy bill adding landowner protections, notice, decommissioning, and permitting reforms for wind, solar, and battery storage facilities, passed unanimously and its emergency clause also passed. House Bill 2588, requiring HOA board members to own property and physically reside in the association, passed as well. A major debate centered on House Joint Resolution 1077, a constitutional amendment to restructure how tobacco settlement funds are used: it would move TSET legacy functions to the Health Department, direct more funding toward Oklahoma’s Promise/OLAP and related education opportunities, and preserve the corpus while redirecting distributions. Supporters framed it as a long-term investment in education and workforce opportunities; opponents argued it would undermine public health funding and repurpose a voter-created trust. The resolution passed the House, and the special-election referral required for the constitutional amendment also received the necessary two-thirds vote. Later, House Bill 4440, which would move Medicaid expansion from the Constitution into statute and separate expansion from traditional Medicaid, also passed after substantial debate over health care access, provider rates, and the role of voters. Finally, House Bill 3462 on plumbing licensing was laid over after amendments were discussed, including changes to apprenticeship and out-of-state reciprocity.

Transcript Highlights:

• Additionally, it includes $50 million to be deposited into a new advanced nuclear development fund, contingent
• there were four students in wheelchairs who were included in addition to the kids who are in self-contained

Committee: Senate Finance

Transcript Highlights:

• Infrastructure and Economic Development Bank by allowing bond proceeds and related revenues to be deposited
• It's all self-contained within the issuance of the bonds, as I stated.

Summary: The Assembly Appropriations Committee met on March 19, 2025, adopted its committee rules unanimously, and then heard a series of housing, insurance, and disaster-recovery bills. Early bills focused on wildfire relief and insurance issues, including AB 238 on mortgage forbearance for Los Angeles County wildfire survivors, AB 493 on insurance payout interest for homeowners, AB 597 on consumer protections after disasters, and AB 226 on strengthening the California FAIR Plan’s liquidity tools. Supporters generally framed these measures as necessary protections for disaster survivors and market stability, while opponents and concerned witnesses raised issues such as investor guidelines, compliance conflicts, and market disruption. Several members also noted equity concerns and the need to balance relief with consistency across the state. The committee also heard a cluster of housing-production bills. AB 306 proposed a six-year pause on new state building code updates affecting residential construction and limits on local code modifications, drawing strong support from housing and building industry groups who argued it would reduce costs and improve predictability. It also drew opposition from code, environmental, and clean-energy advocates, who warned about safety, local control, and the loss of important code updates. AB 253 would allow licensed third-party professionals to perform plan checks if local review takes 30 days or more, and AB 301 would impose state-agency permitting timelines similar to those already applied to local governments; both were presented as ways to reduce delays and speed housing development. AB 462 would exempt ADU construction from coastal development permit requirements in Los Angeles County, especially to aid fire recovery and expand housing supply. After hearing testimony and brief member discussion on each measure, the committee placed the bills on suspense or advanced them as appropriate. In the suspense hearing at the end of the meeting, the committee took up the suspense-file bills and reported AB 226, AB 238, AB 301, and AB 306 out with due pass recommendations on roll call votes. The meeting then adjourned.

Transcript Highlights:

• others, but we have You'll see the funding deposit account mentioned here.
• Then the funding deposit account... At 83.27 percent.
• So you can see they're actively adding to that funding deposit account.
• It was paid off years ago from the funding deposit account early.
• They have a relatively new funding deposit account.

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:

• One is that it requires minimum deposits into the rainy day fund each year.
• , so essentially every year the state is depositing this steady base amount.
• And the optional deposits were essentially used. to fund those true-ups.
• up getting converted to a required deposit.
• Is the way to do this and that those deposits really need to be mandatory.

Transcript Highlights:

• That could be a larger reserve deposit.
• That could be a larger reserve deposit.
• It also includes a discretionary deposit of $240 million.
• That brings it to a total deposit amount of about $664 million.
• I think that this package, with the deposits in there, including the supplemental discretionary deposit

Summary: The Assembly Budget Subcommittee on Education Finance held its first hearing of the year on Proposition 98, focusing on the Governor’s budget estimates for the three-year budget window, the Public School System Stabilization Account (PSSA), and repayment of education deferrals. The Department of Finance said the minimum guarantee would rise by about $21.7 billion over the 2025 Budget Act, with increases in each year, full repayment of the existing settle-up obligation in 2024-25, a new $5.6 billion settle-up obligation proposed for 2025-26, and a higher guarantee in 2026-27. Finance also noted revised downward estimates for transitional kindergarten attendance and Los Angeles County property tax reimbursements, and said community colleges would be funded above the split because of enrollment growth. The Legislative Analyst’s Office emphasized fiscal risk and volatility, warning that recent revenue gains are tied heavily to the stock market and tech sector and could reverse quickly. The LAO argued the Governor’s proposed $5.6 billion delay shifts risk into future years and recommended instead fully funding the current estimate, making a larger reserve deposit, considering advance payments or pension-related uses, and finding additional non-Prop 98 solutions to reduce the state’s structural deficit. On the reserve and deferral items, Finance described revised PSSA deposits and withdrawals that would leave about $4.1 billion in the reserve by 2026-27, and both Finance and the LAO supported paying off the remaining LCFF and SCFF deferrals as good fiscal practice. Committee members questioned the size of the settle-up amount, the degree of revenue volatility, the use of the reserve, and the ongoing K-12/community college split. Finance said the proposal is meant to avoid overappropriation if revenues fall, while the LAO said a buffer of roughly $3.5 billion would address typical forecasting risk. Public commenters, including school boards, county offices of education, teachers, and advocacy groups, largely opposed the $5.6 billion withholding or settle-up delay, calling it a manipulation of Prop. 98 and urging full funding and more stable revenue solutions. Several speakers also urged dedicated funding for students experiencing homelessness. The hearing ended with no vote, and the chair announced that broader program discussions would occur in later hearings.

Transcript Highlights:

• House Bill 3501 by Duel of the House and Hines of the Senate, an act relating to alcoholic beverages.
• So this would at least to some extent facilitate the availability of alcoholic beverages.
• House Bill 3501 by Duel of the House and Hinds of the Senate, an act relating to alcoholic beverages,
• House Bill 3011 by Pogoiller of the House and Coleman of the Senate, an act relating to alcoholic beverages
• An act relating to alcoholic beverages.

Bills: HB4420 , HB3974 , HB3016 , HB3062 , HB3021 , HB3145 , HB4128 , HB3131 , HB3015 , HB3472 , HB3453 , HB1638 , HB4126 , HB2696 , HB2710 , HB3552 , HB3031 , HB3544 , HB3521 , HB4490 , HB4488 , HB1746 , HJR1069 , HB4428 , HB4429 , HB1170 , HB3538 , HB4124 , HB3904 , HB4106 , HB2999 , HB3982 , HJR1077 , HB3464 , HB2588 , HB3462 , HB4440 , HB3674 , HB3345 , HJR1067 , HB4326 , HB4331 , HB4337 , HB4338 , HB4359 , HB4392 , HB3557 , HJR1076 , HB4003 , HB3495 , HB3497 , HB3501 , HB3505 , HB3749 , HB3011 , HB4336 , HB4346 , HJR1087 , HB3240 , HB3647 , HB3796 , HB3969 , HB3972 , HB3983 , HB3984 , HB3989 , HB3383 , HB3130 , HB4358 , HB3327 , HJR1055 , HB3386 , HJR1089 , HB3087 , HB2970 , HB3314 , HB4129 , HB4199

Transcript Highlights:

• So, and like a safety deposit box, you know, any items in a safety deposit box, they are not insured
• </c> safety deposit box for digital assets. safety deposit box for digital assets.
• </c><00:07:45.759><c> box,</c> know, any items in a safety deposit box, know, any items in a safety deposit
• </c><00:15:22.639><c> box</c> about the lockbox safety deposit box about the lockbox safety deposit box
• </c> come into their digital safety deposit come into their digital safety deposit box<00:24:22.400><

Transcript Highlights:

• They expand to fill the containers in which they're in. They'll go everywhere.
• They don't just stay contained on your property. They do affect other people's property.
• Madam Chair and members, Senate Concurrent Resolution 1048 is a ballot referral measure that contains
• Madam Chair and members, Senate Concurrent Resolution 1048 is a ballot referral measure that contains
• I mean, my son is because some of those images contained an image of someone under the age of 15.

Summary: The committee heard and acted on several bills dealing with elections, juvenile representation, paternity, and campaign finance. SB 1489 would require paid petition circulators to disclose their name, residence, and paid status, wear a badge, register in some local petition efforts, and subject local initiatives to stricter compliance and fiscal disclosure rules. Supporters said it would standardize rules and improve transparency; opponents, including the ACLU, argued it would chill core political speech and compel identification. The bill received a do-pass recommendation by a 4-3 vote. SB 1609, an emergency measure restricting political party names from using terms like “independent” or “unaffiliated,” drew support from county election officials who said it would reduce voter confusion, and opposition from the Arizona Independent Party, which called it retroactive and anti-competitive. The committee adopted an amendment and then passed the bill 7-0. SCR 1040, which would raise the mandatory retirement age for judges from 70 to 75 subject to voter approval, was supported as reflecting longer life expectancy and retaining experienced judges, but opposed by some who favored age limits; it passed 5-2. The committee then took up SB 1234, which would change juvenile court representation by requiring a guardian ad litem in dependency and termination cases and allowing, rather than requiring, separate child counsel in some circumstances. Sponsor Senator Werner said the bill was part of a broader child-safety package and was informed by cases involving children who died after alleged system failures. Child welfare attorneys and advocates opposed the bill, warning it would weaken attorney-client privilege and take away children’s independent voice, while DCS said the bill was intended to clarify the GAL role and could work alongside child counsel. The committee adopted an amendment and passed the bill 5-2. SB 1661, allowing child support obligations to be terminated when genetic testing shows a presumed father is not the biological father, received broad support from the sponsor, a fathers’ advocacy group, and a family representative, and passed 6-0. Later, the committee considered election-administration and campaign-finance measures. SB 1392 would give governing bodies canvassing elections access to election-material locations to observe procedures and review records, while protecting privacy and security; county officials supported access but raised concerns about the term “agent,” and the bill passed 4-3. SB 1634 would require ADOT to provide county recorders with applicants’ handwritten signatures collected during voter registration; county officials said it would improve signature verification, and the bill passed 5-2 after some members noted amendment concerns. SB 1743 would redact donors’ employer street addresses and residence addresses from campaign finance reports; supporters framed it as a privacy measure, while opponents said employer information is important for transparency and identifying influence. It passed 5-2. SB 1099, a strike-everything amendment defining defamation standards for public and private figures, was presented as narrowing and clarifying defamation law and passed 4-3. After a recess, the committee heard SB 1535, which would make paying for sexual conduct a prostitution offense and add a $200 assessment to fund anti-human-trafficking services. Survivors, law enforcement, and neighborhood advocates supported stronger penalties aimed at buyers and demand reduction, while criminal-defense and victim-advocacy groups said the bill needed a rebuttable-presumption amendment to better protect trafficking victims. The transcript cuts off before the committee’s final action on SB 1535.

Transcript Highlights:

• to lay out committee substitute for House Bill 4876, which relates to the withdrawal of certain deposits
• These deposits may only be used for actual construction of the condominium home.
• any deposit may be used for construction.
• So in lieu of the cash that Normally occurs when a deposit is made and held in escrow.
• This bill would allow deposits to be used for the construction of condominium homes, provided the deposits

Transcript Highlights:

• a deposit creates.
• We've never had a deposit 356B.
• It's not a non-refundable deposit.
• It's not a non-refundable deposit.
• It's it's not a non-refundable deposit. deposit. deposit. the<00:47:14.319><c> the</c><00:47:15.119><

Summary: The committee first held a public hearing on Senate Bill 25, which would allow state-chartered credit unions to compensate board members if the membership approves it. Prime sponsor Senator Dan Innis said the bill is enabling only, intended to help credit unions recruit and retain qualified directors and align New Hampshire with other states that already allow such compensation. Credit union representatives from the Cooperative Credit Union Association and St. Mary’s Bank supported the bill, saying board service has become more complex because of cybersecurity, asset-liability management, and other regulatory demands, and that compensation could be modest and take forms such as meeting fees or educational reimbursement. In response to committee questions, they said compensation would be set by the membership, disclosed in advance, and subject to bylaws and internal policies; they also noted that board members must be credit union members and that voting procedures vary by institution, with some using mailed ballots rather than proxy voting. Members raised questions about why credit union boards were historically excluded, what kinds of compensation were contemplated, whether there would be a cap, and how voting and confidentiality would work. Testimony explained that the historical rationale was the nonprofit, volunteer mission of credit unions, but witnesses argued that the modern environment and competition for talent justify a change. They also said the bill would not mandate compensation and would not create a salary structure comparable to banks, but would allow members to approve modest compensation or reimbursements. After no further testimony, the chair closed the public hearing on Senate Bill 25. The committee then opened a public hearing on Senate Bill 26, sponsored by Senator Howard Pearl, concerning the definition of deposits in land sales and escrowed accounts. Pearl said the bill would clarify that buyer funds for upgrades and luxury items in new-home construction are not treated as refundable deposits that must be held in escrow, arguing that the current Attorney General interpretation raises builder costs, increases home prices, and can limit buyer choices. He said the proposal would allow those upgrade funds to be paid directly to builders for construction, with signed disclosures making clear that the buyer requested the items and bears the risk if financing falls through. The hearing on Senate Bill 26 had just begun when the transcript ended.

Transcript Highlights:

• , along with trailer language that reduces the deposit if revenues decline.
• That could be a larger reserve deposit.
• It also includes a discretionary deposit of $240 million.
• That brings it to a total deposit amount of about $664 million.
• If you think about the reserve, it has a 10% cap or target for mandatory deposits.

Transcript Highlights:

• This legislation was drafted while holding discussions with ISP, Alcohol Beverage Control, and with several

Committee: Senate State Affairs

Transcript Highlights:

• the hunting and the fishing, and we're going to extract those historical sites, and we're going to deposit
• House Joint Resolution 125 led to $22.3 million from the broadband infrastructure fund being deposited
• Resolution 125, which authorized the broadband infrastructure fund, resulted in a $155.2 million deposit
• To access that voter-approved $22.2 million deposit, the commission requested in its LAR an additional
• We are also extremely thankful for the $739 million allocated in Senate Bill 1 to contain health care

Bills: SB 1

Committee: Senate Finance

Summary: The committee heard budget presentations from the Legislative Budget Board and agency officials on several agencies, starting with the Texas Historical Commission. LBB described a large biennial reduction driven mainly by the removal of one-time funding and discussed capital projects, rider changes, and exceptional items including Presidio La Bahia and the National Museum of the Pacific War. Senators asked about heritage trails, courthouse grants, unexpended balance authority, and the status of historical-site funding. Historical Commission leadership emphasized preservation, courthouse restoration, heritage tourism, coordination with the Alamo and other Texas Revolution sites, and requested additional IT, staffing, and vehicle funding. No votes were taken. The committee then reviewed the Pension Review Board and the Employees Retirement System. The Pension Review Board’s budget was largely unchanged aside from IT maintenance and salary adjustments, with an exceptional item for additional IT enhancements. Members discussed the Dallas Police and Fire Pension System’s funding dispute and the need for a workable restoration plan. ERS presented a much larger budget, including funding for the retirement system, the group benefits plan, and the legacy payment intended to reduce unfunded liability. Senators focused heavily on pension investment returns, benchmark comparisons, and rising health-care costs, especially pharmacy spending driven by GLP-1 drugs; ERS said the plan covers about 540,000 lives and that premiums would rise 8% while benefits remain unchanged. ERS also said it had no exceptional items, and committee members requested more detailed benchmark information. The committee also heard from the Texas Emergency Services Retirement System and the Cancer Prevention and Research Institute of Texas. TESSORS reported an unfunded liability, an infinite amortization period, and requested additional state support, staffing, and IT funding, including a statutory change to allow a higher contribution level; the agency warned that without more funding it may have to cut benefits. CEPRIT’s presentation covered its bond-funded cancer research and prevention portfolio, revenue-sharing from funded projects, and a request to increase salary limits for its CEO and chief scientific officer. Senators questioned CEPRIT’s accomplishments and return on investment, while CEPRIT cited screening, prevention, and research outcomes, including tens of thousands of detected cancers and precursors and hundreds of thousands of first-time screenings. The meeting ended after these presentations and questions, with no recorded committee action or vote.

Transcript Highlights:

• for grazing, I think that was the Anderson bill, class two modifications, border cities food and beverage
• Senator Rest, any further... cities cities food<00:46:02.360><c> and</c><00:46:02.440><c> beverage</c
• tax</c><00:46:03.120><c> in</c><00:46:03.200><c> Little</c><00:46:03.400><c> Falls</c> food and beverage
• tax in Little Falls food and beverage tax in Little Falls and<00:46:03.760><c> Waizata,</c><00:46:04.480

Transcript Highlights:

• and its existing licensed premises or approved sales room to serve a capped amount of alcoholic beverages
• 46.240><c> alcoholic</c> to serve a capped amount of alcoholic to serve a capped amount of alcoholic beverages
• <00:35:47.599><c> purchased</c><00:35:48.079><c> through</c><00:35:48.480><c> licensed</c> beverages
• purchased through licensed beverages purchased through licensed wholesalers<00:35:50.480><c> and</c><

Transcript Highlights:

• But to have this information deposited in one place so that the people... that pay the bills can go and
• But there is no central data deposit anymore.
• And this will just give a place where they can deposit it.
• adjudicated cases, and therefore unsubstantiated claims cannot access the benefits that... that are contained

Bills: SB604 , SB843 , SB1636 , SB2395 , SB571 , SB1224 , SB1832 , SB2392 , SB747 , SB2623 , SB2624 , SB2185

Committees: Senate Education , Senate Education K-16