Video & Transcript : 'nonreverting balance' :

Page 95 of 500
CA
Transcript Highlights:
  • So as a means to balance the state budget last year, this was implemented. Sure. Sure.
  • To balance the state budget last year, this was implemented. Sure.
  • sort of, you know, raise the trade-off of what else needs to happen in the state budget to sort of balance
  • Which is in the fund right now for the, yeah, the ending fund balance for the fund?
  • A Medi-Cal coverage policy for chronic weight management that balances clinical rigor with equitable
Summary: The subcommittee heard an overview of the Department of Health Care Services’ proposed budget, including a $229.1 billion total-funds budget and projected Medi-Cal enrollment decline as redeterminations continue. Members focused heavily on the fiscal and programmatic effects of prior budget solutions and federal changes, especially the elimination of General Fund-supported Prop. 56 dental supplemental payments beginning July 1, 2026, the hospice utilization-management change, and the impact of reduced caseloads alongside rising health care costs. DHCS said it is still completing required access and rate-reduction analyses for the dental cuts and has been engaging stakeholders, but could not yet quantify the real-world effect on utilization or provider participation. The committee also reviewed the November 2025 Medi-Cal local assistance estimate, which shows higher General Fund spending despite lower enrollment, driven by managed care rate growth, Medicare cost growth, state-only claiming, and federal policy changes. The hearing then turned to provider taxes and federal H.R. 1 constraints, with extensive discussion of the MCO tax, the hospital quality assurance fee, and other health care-related taxes. DHCS explained that H.R. 1 phases down allowable tax levels and tightens “generally redistributive” rules, making the current MCO tax structure and the proposed higher hospital fee levels difficult or impossible to renew as originally designed. Staff and the LAO described the tradeoff between preserving Medi-Cal funding and avoiding higher costs on private providers and consumers. Members asked about options for preserving revenue, including possible amendments to Prop. 35 or returning to voters, and were told the department is still evaluating approaches while federal guidance remains in flux. The committee also reviewed hospital payment increases already implemented through state-directed payments, with DHCS noting that H.R. 1 will force those payments down to Medicare levels over time. Several budget change proposals were discussed and left open, including requests tied to the managed care final rule, managed care operations, hospital value strategy, long-term care payment transparency, and interoperability requirements. The committee also heard about a one-year trailer bill extension for skilled nursing facility financing, including continuation of the SNF workforce standards program, the SNF quality assurance fee, and annual rate growth, while the department develops a longer-term financing redesign for 2027-28. Members expressed skepticism about repeated rate reform efforts and questioned whether a one-year extension of the eliminated workforce quality incentive program should be restored during the transition. Finally, Covered California presented its budget and enrollment update, reporting that the expiration of the federal enhanced premium tax credit is expected to reduce affordability significantly, with average premiums roughly doubling for many enrollees and as many as 400,000 Californians potentially losing marketplace coverage over time. The exchange said California’s $190 million subsidy program is helping lower-income enrollees, but not enough to offset the federal loss, and it is also implementing a new gender-affirming care benefit and awaiting federal action on benchmark plan changes.
KY
Transcript Highlights:
  • And if we can balance those three critical objectives, I think we're going to achieve a good outcome
  • And if we can balance those three critical objectives, I think we're going to achieve a good outcome
  • And if we can balance<00:14:45.120><c> those</c><00:14:45.440><c> three</c><00:14:45.760><c> critical
  • </c><00:14:46.160><c> objectives,</c> balance those three critical objectives, balance those three critical
  • c> to</c><00:18:42.720><c> acknowledge</c> right balancing approach to acknowledge right balancing approach
Summary: The committee met with a quorum to hear a recap of the 2021 special session legislation, Senate Bill 5, and then receive testimony from the Secretary of Economic Development on the Blue Oval SK project and related economic development issues. Staff explained that Senate Bill 5 appropriated five amounts from the budget reserve trust fund for a project tied to a minimum $2 billion investment: $350 million for forgivable loans through the Kentucky Economic Development Finance Authority, $10,639,600 to pay off a Hardin County loan tied to 47 tracts of property, $20 million for Bluegrass State Skills Corporation training grants, $5 million for KCTCS training grants, and $25 million for a KCTCS on-site training center. Staff also noted there were no job-related requirements in the bill itself. The secretary said the Blue Oval SK incentive was structured as a $250 million forgivable loan rather than the state’s usual pay-as-you-go incentives, with clawback provisions tied to jobs, wages, investment, and changes in ownership or operations. He said the project had already exceeded the $2 billion investment threshold, that corporate guarantees were required from SK On and Ford, and that the agreement’s compliance period begins in December 2026 with payments starting in March 2027 and running through 2038. He said the state’s goal after the joint venture dissolution was to protect taxpayers, support affected workers, and preserve future job creation, while also ensuring the money would be repaid if performance targets are not met. Members asked about the workforce impact, the training programs, and whether the jobs targets would be revised. The secretary said the project had about 1,850 workers at the site, with both production and salaried employees affected, and described state-led job fairs, a job portal, and other rapid-response efforts to help displaced workers find new jobs or training. He said Ford had agreed to continue discussions, invest an additional $2 billion in the site for energy storage solutions, and pursue roughly 2,100 new jobs, while the state sought to keep the company accountable for the full repayment obligation if jobs are not created. One senator raised broader concerns about mega-projects displacing small businesses and creating infrastructure burdens in surrounding communities.
US

US Federal 2025-2026 Regular Session

US House Floor Proceedings (Tuesday, January 14, 2025)

US Federal House Floor Meeting

Transcript Highlights:
  • </c><00:31:18.360><c> of</c><00:31:18.480><c> my</c> yield back the balance of my yield back the balance
  • So should we all, and I reserve the balance of my time.
  • Speaker, I yield my balance of time.
  • <02:33:06.680><c> of</c> balance of balance of Time<02:33:09.680><c> gentleman</c><02:33:10.200><c> reserves
  • </c><05:51:15.080><c> the</c> rid of foreign aid we'll balance the rid of foreign aid we'll balance the
MO

Missouri 2026 Regular Session

Budget Mar 11th, 2026 at 09:15 am

Budget

Transcript Highlights:
  • Okay, it's hard to balance both of those.
  • Yep, I'm not surreptitiously trying to get around the balancing rule.
  • So that would leave a balance of about $2.1 million.
  • And the unexpended balances have reduced over time. Eventually.
  • I guess, do you have any idea what that balance is?
Keywords: 959, house, all
NH

New Hampshire 2025 Regular Session

House Public Works and Highways (03/18/2025)

Transcript Highlights:
  • </c><01:26:55.040><c> of</c> us at a current current balance of us at a current current balance of pushing
  • He added that the capital budget already contains the balance, 700,000, which would bring the total to
  • </c><01:37:03.600><c> um</c> contains the balance um contains the balance um 700<01:37:06.119><c> sorry
  • Based on his arithmetic, they were now at a balance of $1,318,000.
  • </c><01:50:12.560><c> of</c><01:50:12.679><c> $</c> balance with the laps balance of $ balance with the
Keywords: 928, house, all
Summary: The committee held a public hearing and work session on House Bill 25/25A, the capital improvements budget. Representative David Mills introduced HB 25A, which makes appropriations for capital improvements for the biennium and extends certain lapses from prior appropriations, noting it is based on Governor Ayotte’s budget. The hearing then focused on requests to add or restore funding for several projects, including community college capital needs, Veterans Home ADA and safety upgrades, career and technical education renovations in Milford, and airport infrastructure funding. Shannon Reed of the Community College System of New Hampshire asked for an additional $2.6 million for IT infrastructure, critical maintenance, and energy management systems, citing failing boilers, roof work, cybersecurity needs, and a recent costly water damage incident at Lakes Region Community College. John Graham, representing the New Hampshire Veterans Home, requested $1.5 million for ADA compliance and safety improvements such as floor replacement and wider doors, saying the work would help the home before an upcoming VA inspection and protect federal funding. Lance Whitehead testified for Milford CTE, asking the committee to keep $9.9 million in the budget for a scaled-down renovation; members discussed the town’s failed vote, the need for local matching funds, and the possibility of another vote next year. Tim Thompson of Concord and Margaret Burns of NHMA urged restoration of airport matching funds, arguing that about $3.6 million in state money would leverage roughly $62 million to $65 million in federal FAA funds for safety and infrastructure projects. Trisha Lambert and Andrew Pomroy of the Bureau of Aeronautics and airport management association explained the airport program, the 12 federally funded airports, and how projects are selected through airport master plans and a capital improvement program. After public testimony, the committee closed the hearing on HB 25A. In the work session that followed, staff distributed supporting documents, including cost breakdowns and comparison sheets. The chair indicated the committee would work from the governor’s $143 million capital budget as a baseline and proposed reducing it by about $10 million, largely by removing the Milford CTE item because both towns had voted it down and would not have another vote for a year. The chair said the goal was to bring the overall budget to about $133 million and then repurpose the remaining funds through straw polls and further committee action.
MN

Minnesota 2025-2026 Regular Session

Committee on Education Policy - 01/22/25

Education Policy

Transcript Highlights:
  • </c><00:10:43.560><c> left</c><00:10:44.519><c> this</c> so there was a healthy balance left this so
  • Despite that, we have prioritized and maintained a balanced budget, making reductions as needed.
  • </c> prioritized and maintained a balanced prioritized and maintained a balanced budget<00:47:35.880>
  • </c><00:56:48.440><c> approach</c> when necessary this balanced approach when necessary this balanced
  • </c><01:19:32.040><c> to</c> these Solutions provide balance to these Solutions provide balance to equity
Keywords: 1187, senate, all
AR

Arkansas 2026 Regular Session

ALC-OCCUPATIONAL LICENSING REVIEW SUBCOMMITTEE Mar 19th, 2026

ALC-OCCUPATIONAL LICENSING REVIEW SUBCOMMITTEE

Transcript Highlights:
  • ADH does not have a fund balance, and in recent years, we've actually been running a deficit.
  • And you’ve got a large balance, $1.1 million.
  • And is that drawing your balance down at all? Yes, sir. That in the fee reductions is doing that.
Summary: The committee met and first recognized a visiting student cohort from Arkansas State University’s Medical Laboratory and Radiation Sciences program. It then suspended the rules and approved a supplemental report, which was reviewed without objection. Members reviewed the Arkansas Fire Protection and Licensing Board’s occupational report. Department of Labor and Licensing counsel Lacey Kirchner answered questions and confirmed there were no fee increases. The report was then accepted as reviewed. The committee next heard from the Arkansas Department of Health’s Radiation Control Section. Officials Craig Smith, Charles Thompson, and Shane David explained the radiologic technologist licensing program, including full and limited-scope licensure, unchanged fees since 1999, and a current deficit covered through cost allocation from other programs. They also noted compliance with automatic licensure provisions for service members and said apprenticeship provisions already exist in the rules if such programs become available. The report was accepted as reviewed. Finally, the Arkansas State Board of Physical Therapy presented its report. Staff described the board’s structure, licensing and complaint functions, compact participation, and growth in licensees. Members asked about the board’s $200,000 scholarship program, which provides awards to 10 recipients per year, and about low fees and a $1.1 million balance. Officials said recent fee reductions and the scholarship program are intended to return funds to licensees. The report was also accepted as reviewed, and the committee moved to other business.
AR

Arkansas 2026 Regular Session

ALC-OCCUPATIONAL LICENSING REVIEW SUBCOMMITTEE Mar 19th, 2026

ALC-OCCUPATIONAL LICENSING REVIEW SUBCOMMITTEE

Transcript Highlights:
  • ADH does not have a fund balance, and in recent years, we've actually been running a deficit.
  • And you’ve got a large balance, $1.1 million.
  • And is that drawing your balance down at all? Yes, sir. That, in the fee reductions, is doing that.
Keywords: 1204, all
ND
Transcript Highlights:
  • We want to find that balance between constituents being able to come to the meetings and... ...find that
  • balance between constituents being able to come to the meetings and being able to speak, but do so in
  • Just, you know, if we hopefully strike that balance with the bill. Representative Fagely?
Keywords: 908, all
Summary: The conference committee met on Senate Bill 2180, relating to the opportunity to provide public comment at meetings of public entities. Members reviewed the 2002 House version and a proposed 2003 amendment, which largely kept the House language but clarified wording and added a provision allowing public comment to be limited by policy to the current meeting’s agenda topics and at least one preceding meeting’s agenda topics. Several members discussed the balance between allowing public participation and keeping meetings orderly, with comments from both House and Senate members supporting the restriction as a practical compromise based on experience with local boards. Representative Vorey moved adoption of the 2003 amendment, seconded by Senator Wallen. The amendment was approved by majority vote on both the House and Senate sides. The committee then moved to accept SB 2180 as amended, and that motion also passed with majorities on both sides. The bill was declared a due pass by the conference committee and was to be forwarded to the appropriate chambers. The committee also designated carriers for the bill: Senator Castile on the Senate side and Representative Osley on the House side. The meeting then concluded.
NJ

New Jersey 2026-2027 Regular Session

Assembly Budget Jun 28th, 2026

Transcript Highlights:
  • You know, when you're in local government and you have an unexpected balance, that typically means you
  • This bill gives Hudson County the balance, no strings attached, a $28.1 million blank check in a year
  • So I just wonder if this is really balanced. That tab, that's the taxpayers.
  • So I just wonder if this is really balancing out the responsibilities.
  • And we're just balancing that out. We're not penalizing someone.
Keywords: 1146, all
Summary: The Assembly Budget Committee met on June 28, 2026 and considered a long list of budget and policy bills, reporting many of them out of committee, often with amendments. Early measures included AB 2550 on continued dependent health coverage for certain adults with disabilities, AB 4794 allowing tax data sharing with the New Jersey Innovation Authority and Secure Choice Savings Board, and AB 3381/SB 1493 updating occupational therapy licensure requirements. The committee also advanced AB 4014, creating a social media research center at a public four-year institution, though one member opposed it as unnecessary spending given existing research on social media harms. Another bill, AB 5048/SB 1281, would ban certain apparel and diaper products with intentionally added PFAS; some members opposed it over safety and cost concerns, especially for firefighter gear, but it was reported. The committee also moved AB 383, which promotes volunteerism to help FamilyCare and SNAP recipients meet eligibility requirements, and AB 4357, extending telehealth pay parity, though one member objected to parity between telehealth and in-person care. The committee then took up several energy, environmental, and housing-related bills. AB 5188, the Advanced Grid Technologies Act, was released despite opposition from some members and labor interests. AB 2524 would let dual-use solar projects participate in community solar, and AB 5236 would strengthen pediatric psychiatry and behavioral health services; both were reported. AB 5348, allowing temporary use of open-space and related funds for certain municipalities, drew sharp criticism as a diversion of preservation money to fill budget holes, but passed. AB 5280 returned unexpended county appropriations to Hudson County and authorized supplemental operating aid; it also passed despite objections about prior bidding violations. AB 5347 provided certain motor vehicle-related funding to municipalities and was reported, as was AB 5334/SB 4423, appropriating Green Acres and CBT revenues for local open space and park projects. A major portion of the meeting focused on tax and business-related bills. AB 5329 increased the child tax credit for 2026-2028, with testimony urging that the expansion be made permanent; it was reported. AB 3899, the General Contractor Licensing Act, also passed. AB 5310/SB 4406 clarified sentencing under certain circumstances and was reported. AB 5330, allowing temporary transfers in the pension system, drew testimony from NJEA warning that the State Health Benefits Program was in crisis and asking for a longer repayment period to avoid rate spikes; the bill was still reported. AB 1326 created a higher education governance and funding task force and was amended to add a Talmudic institution or theological seminary representative. Later, AB 5333/SB 4424 appropriated additional Green Acres and CBT funds for recreation and conservation projects and was reported. The committee also advanced several business and alcohol-related measures, including AB 5235 establishing the School-Based Partnership for Access and Resilience for Kids program, AB 5325 reducing business formation fees, AB 4836/SB 2368 on portable solar devices, AB 4881 establishing an advanced nuclear energy procurement program, AB 3974/SB 3183 revising renewable energy incentive and solar interconnection rules, AB 4013 creating a social media research center focused on addictive behavior, AB 5225 making temporary alcohol beverage provisions permanent, and AB 5295 revising alcoholic beverage licensing laws. The most contentious debate came on AB 4085, the Fair Price Protection Act, which would restrict “surveillance pricing” and regulate grocery pricing practices. Consumer advocates supported the bill as a protection against individualized pricing, while retailers and chambers of commerce argued the language was too broad and could undermine loyalty programs, discounts, and electronic shelf labels. Despite those objections, the committee voted to report the bill after amendments. Finally, AB 4530/SB 3739 on EV supply equipment standards was reported, and AB 5322 imposing a temporary cap on net operating loss deductions under the corporate business tax sparked strong opposition from business groups and a policy debate over whether legitimate losses and investment-related deductions should be limited; the bill was still moved out of committee.
AZ

Arizona 2026 Regular Session

06/10/2026 - Joint Appropriations

Transcript Highlights:
  • Our plan was an attempt to balance what is a very real perspective...
  • So what happens is after all these refunds are approved, that original balance gets drawn down.
  • Each year the legislature is required by law to balance the budget.
  • And I think that that means it's not fully honest to say that this budget balances.
  • I'm pleased to support this balanced budget package for fiscal year 2027.
Summary: The joint House and Senate Appropriations committees met to hear the FY 2027 budget package, beginning with the General Appropriations Act (HB 4154/SB 1847). Staff outlined the overall budget, including one-time fund transfers, lump-sum reductions, funding for state employee health insurance, school facilities, corrections, flood and wildfire relief, education and child care, and other ongoing and supplemental items. Members briefly discussed the absence of a requested $1.5 million for the oversight office, but the chair said no amendments would be taken in committee and that only limited technical changes were likely later in the process. Public testimony on the feed bill was largely supportive but focused on specific funding concerns. Testimony highlighted school safety funding, Alzheimer’s services, small business tax expensing provisions, disability oversight for group homes, county use of opioid settlement dollars, adult education/community college funding, victim notification funding, and ESA oversight. Several speakers praised the budget for funding DDD and other services, while others opposed or sought changes to items such as the COMIT group home monitoring program, Maricopa Community Colleges’ lack of operating aid, and a possible cut to the victim notification program. The chair repeatedly emphasized that changes to the negotiated budget would be difficult and should be routed through leadership. The committee then moved quickly through the remaining budget reconciliation bills. Staff summarized bills covering amusement and wagering, capital outlay, commerce, criminal justice, environment, health care, higher education, human services, and K-12 education. Notable provisions included continued wagering assessments, highway and building renewal funding, defense innovation and economic development changes, corrections and wrongful conviction provisions, groundwater and water banking measures, health insurance oversight and opioid settlement provisions, higher education funding and ABOR operating caps, SNAP and housing trust fund changes, and a 2% inflation increase for K-12 formula components. The K-12 bill also included a biometric school safety pilot and a child sexual abuse prevention pilot. No votes were taken in the portion provided, and the chair indicated the committee would continue through the remaining bills.
FL

Florida 2026 Regular Session

Senate in Special Session F Jun 2nd, 2026

Florida Senate Floor Meeting

Transcript Highlights:
  • They're going to have to look at their balance sheet.
  • So, again, this goes back to each jurisdiction assessing their balance sheet.
  • And we're saying to the local governments that you have to look at your balance sheets.
  • You have to look at your balance sheets.
  • At the end of the day, we are here because our system is not in balance.
Summary: The Senate took up Committee Substitute for Senate Joint Resolution 2F, a proposed constitutional amendment on property tax reform. The measure would increase the homestead exemption in stages, lower the assessment cap on non-homestead property from 10% to 5%, and limit county and municipal ad valorem tax revenues to specified uses such as public safety, education, infrastructure, natural resources, debt service, employee benefits, and certain administrative costs. Supporters, led by Senator Avila, argued the proposal would provide meaningful property tax relief and push local governments to rein in spending, while opponents warned it would shift costs to fees, reduce local flexibility, and threaten funding for core services. Several amendments were offered and rejected. Senator Sharief proposed an income-based circuit breaker for property tax relief; Senator Smith offered a sunset clause; and Senator Berman proposed revising the ballot statement to better match the amended proposal and remove outdated references. Each amendment failed on recorded votes. During questioning and debate, senators pressed Avila on the ballot language, the effect on local services, whether the legislature could later restrict local spending by statute, and whether renters would benefit. Avila said the ballot language was not his and repeatedly stated he was presenting the governor’s proposal, while also saying local governments would need to prioritize budgets and that future legislatures could address implementation details. After the amendment votes, the joint resolution was read a third time and moved into final debate. Supporters said the proposal would give homeowners relief and force fiscal discipline at the local level. Opponents, including Senators Nathan, Bracey Davis, Smith, Polsky, and Errington, argued the measure was rushed, lacked a completed fiscal analysis or replacement revenue, and could harm police, fire, libraries, parks, housing, and other local services. They also criticized the ballot summary as misleading, especially regarding the staged homestead exemption increase. The transcript ends during debate, before any final vote on the joint resolution itself.
FL

Florida 2026 Regular Session

Senate in Special Session F Jun 2nd, 2026

Florida Senate Floor Meeting

Transcript Highlights:
  • They're going to have to look at their balance sheet.
  • So again, this goes back to each jurisdiction assessing their balance sheet.
  • And we're saying to the local governments that you have to look at your balance sheets.
  • You have to look at your balance sheets.
  • At the end of the day, we are here because our system is not in balance.
Keywords: 999, senate, all
ND

North Dakota 2026 1st Special Session

Advanced Nuclear Energy Committee Apr 22nd, 2026 at 09:30 am

Advanced Nuclear Energy Committee

Transcript Highlights:
  • And the only way we can really do that and balance the third area of environmental sustainability is
  • And we need to have this public dialogue about that balance and keep those things balanced.
  • Let’s write to like... ...and keep those things balanced.
  • All these things can be balanced.
  • Well, it's balancing our resources and balancing the energy inputs and still keeping an eye on what we
Keywords: 908, all
CA
Transcript Highlights:
  • It probably is going to raise the question: why do we have that big of a fund balance?
  • So there is a bit of a distinction between general fund allocations and fund balances and what we have
  • This proposal allows HCD to address immediate fiscal concerns, and the approach balances the need for
  • Now the state is looking to balance its agency books out of our pockets. That's absurd.
  • Now you want to round up our fees automatically and do so without any checks or balances.
Summary: Assembly Budget Subcommittee 5 on State Administration heard two housing-related trailer bill items tied to the Governor’s reorganization plan. The first item would codify the creation of a new Housing and Homelessness Agency and a Business, Consumer Services and Housing Agency structure; the second would further streamline the state housing finance system by creating a Housing Development and Finance Committee and reserving most private activity bond capacity for affordable housing. Administration officials said the changes are intended to reduce duplication, speed awards to construction, and make housing funding more predictable and efficient. Agency leaders described recent housing investments and implementation steps, including work groups, coordination with Finance, the Controller, and the Treasurer’s Office, and development of new guidelines and staffing. Members raised concerns about limited funding, the need for better program-by-program outcome data, youth homelessness, excess sites, and fraud prevention. The Interagency Council on Homelessness presented new three-year action plan metrics, including goals to increase exits from unsheltered homelessness to 70% and move more people into permanent housing, while also noting current performance data and quarterly public reporting. The Legislative Analyst’s Office said it had no concerns with the first trailer bill, but supported the general concept of the second while recommending changes, including removing or revising the proposed 50% bond-cap floor for the new committee and adding attention to 9% and state tax credits. Public commenters, including local governments, nonprofit developers, housing authorities, and advocacy groups, largely supported the reorganization and streamlining goals, but several urged stronger protections for deeply affordable housing, earlier reallocation of unused bond authority, continued access to 9% credits, and more funding for housing programs. No votes were taken in the portion provided; the chair closed item one and moved to item two after member and public testimony.
CA
Transcript Highlights:
  • It probably is going to begin the question: well, why do we have that big of a fund balance?
  • So there is a bit of a distinction between general fund allocations and fund balances and what we have
  • This proposal allows HCD to address immediate fiscal concerns and the approach balances the need for
  • Now the state is looking to balance its agency books out of our pockets. That's absurd.
  • Now you want to round up our fees automatically and do so without any checks or balances.
Keywords: 988, house, all
TX

Texas 89th Regular

Senate Session Apr 15th, 2025

Texas Senate Floor Meeting

Transcript Highlights:
  • And so, yes, it's a balancing act.
  • And so, again, I was really just trying to balance this in my studies of Oklahoma.
  • But you also have to, and I do appreciate the fact that you've talked about balance—the balance between
  • That's where there is a balance because I do agree with you, we have to protect...
  • But if you don't, then you know it's that balance of where do your property rights end and mine begin
Bills: SJR39, SB22, SB30, SB33, SB34, SB37, SB75, SB209, SB310, SB505, SB552, SB618, SB626, SB636, SB732, SB747, SB762, SB769, SB819, SB825, SB870, SB926, SB964, SB1030, SB1080, SB1099, SB1124, SB1177, SB1208, SB1233, SB1314, SB1325, SB1333, SB1405, SB1455, SB1506, SB1524, SB1541, SB1577, SB1579, SB1596, SB1646, SB1667, SB1727, SB1750, SB1758, SB1760, SB1791, SB1804, SB1806, SB1869, SB1923, SB1927, SB1951, SB1960, SB1962, SB2023, SB2024, SB2056, SB2078, SB2122, SB2129, SB2180, SB2183, SB2185, SB2207, SB2252, SB2361, SB2365, SB2368, SB2405, SB2411, SB2420, SB2425, SB2569, SB2717, SJR36, SJR50, SJR39, SJR63, SJR68, SCR12, SCR39, SCR38, SCR37, SCR42, SCR29, SB762, SB1596, SB62, SB666, SB847, SB284, SB854, SB1073, SB810, SB1539, SB1505, SB583, SB957, SB1502, SB507, SB1026, SB1349, SB1433, SB1434, SB310, SB505, SB264, SB1364, SB1376, SB1585, SB1772, SB2016, SB1163, SB619, SB1122, SB1877, SB732, SB731, SB397, SB508, SB1333, SB1436, SB964, SB287, SB2143, SB261, SB1247, SB1882, SB618, SB393, SB2243, SB2226, SB1919, SB1791, SB22, SB651, SB1080, SB826, SB1079, SB1243, SB1504, SB1851, SB1879, SB2237, SB1257, SB2034, SB1522, SB1151, SB596, SB1191, SB226, SB570, SB870, SB991, SB60, SB1401, SB1728, SB586, SB529, SB217, SB209, SB1923, SB1839, SB387, SB1874, SB1872, SB1873, SB1921, SB1883, SB1620, SB1838, SB2024, SB2429, SB1999, SB511, SB2309, SB2166, SB510, SB33, SB2420, SB1860, SB1541, SB1314, SB1398, SB1869, SB1750, SB855, SB1233, SB2425, SB2037, SB1758, SB1759, SB2365, SB1924, SB1818, SB1405, SB1762, SB1968, SB1977, SB2077, SB2321, SB1662, SB1663, SB2124, SB2204, SB1855, SB863, SB37, SB819, SB2078, SB2252, SB1962, SB2253, SB825, SB1577, SB1184, SB2018, SB2206, SB1901, SB1030, SB2368, SB1963, SB1960, SB1643, SB1625, SB1299, SB841, SB668, SB584, SB231, SB2411, SB1085, SB2431, SB2231, SB1490, SB530, SB34, SB1261, SB552, SB1099, SB1646, SB2180, SB1804, SB1937, SB1936, SB2569, SB1372, SB1208, SB1124, SB1506, SB1806, SB1868, SB2361, SB2314, SB769, SB1409, SB2122, SB434, SB1214, SB1951, SB2183, SB2046, SB1667, SB1870, SB1727, SB2405, SB2127, SB1975, SB1760, SB1734, SB1335, SB2066, SB2129, SB2246, SB2439, SB1624, SB1244, SB1468, SB2717, SB1612, SB1262, SB604, SB2395, SB2185, SB1832, SB1745, SB1746, SB2207, SB2023, SB1784, SB1524, SB626, SB528, SB437, SB269, SB1137, SB968, SB636, SB747, SB1325, SB1789, SB1455, SB2056, SB75, SB1940, SB2052, SB1927, SB2010, SB1579, SB2068, SB3034, SB844, SB1920, SB1177, SB1558, SB1236, SB1044, SB926, SB884, SB463, SB331, SB227, SB240, SB517, SB1200, SB1410, SB1626, SB1845, SB1863, SB2216, SB2681, SB1717, SB2053, SB546, SB2141, SB2949, SB2323, SB2200, SB2332, SB2199, SB1642, SB1150, SB1757, SB2050, SB1138, SB2051, SB2626, SB2458, SB1864, SB30, SB2201, SB1862, SB1583, SB1583, SB1055, SB2660, SB1898, SB2662, SB2662, SB2161, SB2161, SB2964, SB2881, SB1065, SB1065, SB801, SB2743, SB2533, SB2533, SB1413, SB1413
MN

Minnesota 2025-2026 Regular Session

Committee on Capital Investment - 02/19/26

Capital Investment

Transcript Highlights:
  • </c><00:47:53.520><c> of</c> have an we have an available balance of have an we have an available balance
  • Right now, we have a dangerously low balance in that account.
  • </c> dangerously low balance in that account. dangerously low balance in that account.
  • </c><01:23:56.400><c> approach</c> priorities reflect a balanced approach priorities reflect a balanced
  • Current balance in that program is also zero.
Keywords: 1187, senate, all
KY
Transcript Highlights:
  • And then the balance is natural gas, wind, and a little bit of hybrid.
  • </c> the balance is not dispatchable energy. the balance is not dispatchable energy.
  • And then really we need to make sure that we are protecting the members and understanding the balance
  • </c><01:13:02.960><c> Next</c> maintain the balance of that. Next maintain the balance of that.
  • </c><01:14:41.120><c> of</c><01:14:41.360><c> those</c> understanding the balance of those understanding
Summary: The committee met with a quorum, approved the minutes from the previous meeting, and then heard a presentation from LG&E and KU representatives Caroline Clark and John Bevington on economic development, energy demand, and the utility’s role in supporting Kentucky’s growth. Bevington described the company’s service territory, generation fleet, and recent economic development activity, including 76 projects supported in 2024, more than $2.8 billion in private investment, and over 3,000 new jobs. He emphasized that data centers are now the dominant driver in the pipeline, with 22 data center projects representing about 8.7 of the 9.7 gigawatts of potential demand, alongside other manufacturing and commercial projects. A major focus was how data centers choose sites and how utilities respond. Bevington explained that hyperscale data centers typically approach utilities first because they need transmission-level access, and that utilities then conduct internal analyses, estimate infrastructure needs, and require financial security before proceeding. He said the company is working through formal transmission studies and long-lead infrastructure planning, and noted that Kentucky’s sales tax exemption for data centers helped attract interest. He also outlined the economic benefits of data centers, citing an announced Louisville project of 525 megawatts and about $11 billion in investment, with an estimated $500 million in new tax revenue over 10 years, plus broader job and GDP impacts. Members asked about whether data centers could generate their own power, the reliability of the pipeline numbers given confidentiality and nondisclosure agreements, and cybersecurity concerns. Bevington said the company does not assume all pipeline projects will materialize in Kentucky and instead assigns probabilities to avoid overbuilding. He also said he was not the right person to address cybersecurity in detail but offered to return to a committee focused on IT or security. In response to questions about future supply, he said LG&E and KU are adding generation through a 120-megawatt solar facility in Mercer County, a 120-megawatt solar purchase in Marion County, and a 645-megawatt natural gas combined-cycle plant in Louisville, with PSC approval recently granted for additional generation and related system upgrades.
MN

Minnesota 2025-2026 Regular Session

House Workforce, Labor, and Economic Development Finance and Policy Committee 4/3/25

Workforce, Labor, and Economic Development Finance and Policy

Transcript Highlights:
  • </c> in addressing the power and balance in addressing the power and balance between<00:13:41.959><c>
  • That policy creates a natural balance in negotiations, both sides having something at stake.
  • We urge you to maintain the current balance in the law and vote no on the proposal.
  • We urge you to maintain the current balance in the law and vote no on the proposal.
  • We urge you to maintain the current balance in the law and vote no on the proposal.