Video & Transcript : 'price estimates' :

Page 95 of 500
MN

Minnesota 2025-2026 Regular Session

Committee on Finance - 04/21/25

Finance

Transcript Highlights:
  • So from '23 to '24 there was an estimate nationwide, but we can extrapolate that to Minnesota of a 24%
  • </c> from 23 to 24 there was an estimate from 23 to 24 there was an estimate nationwide<00:15:30.160>
  • I think we sell it at a very low price.
  • Um but it sell it at a very low price.
  • If not, the staff will take the roll. estimates. Um so they don't have the estimates.
Committee: Senate Finance
Keywords: 1187, senate, all
LA

Louisiana 2026 Regular Session

Senate May 11th, 2026

Louisiana Senate Floor Meeting

Transcript Highlights:
  • Ed Price, Chair.
  • Senator Price for a question on the bill. We have amendments.
  • Senator Price, I'm sorry. You. Okay. Senator Price, I'm sorry, you were on the floor.
  • Amendments by Senator Price. They are set number 3093, 3093.
  • Senator Price moves that we revert to the morning hour.
Bills: SCR63 , SCR12 , HB89 , HB451 , HB595 , HB617 , HB621 , HB730 , HB1064 , HB1125 , HB221 , HCR58 , SB106 , SB206 , SB248 , SB441 , SB104 , SB122 , SB180 , SB260 , SB424 , SB476 , SCR9 , SCR30 , SB57 , SB414 , SB525 , SB35 , SB65 , SB135 , SB215 , SB246 , SB249 , SB269 , SB276 , SB282 , SB296 , SB323 , SB363 , SB369 , SB474 , SB484 , SB490 , SB492 , SB500 , SB501 , SB513 , HCR31 , HB462 , HB547 , HB613 , HB691 , HB712 , HB720 , HB723 , HB728 , HB735 , HB747 , HB759 , HB825 , HB845 , HB846 , HB903 , HB904 , HB907 , HB923 , HB929 , HB941 , HB962 , HB965 , HB1036 , HB287 , HB370 , HB515 , HB521 , HB570 , HB1200 , HB29 , HB39 , HB58 , HB67 , HB73 , HB76 , HB77 , HB82 , HB112 , HB121 , HB125 , HB132 , HB134 , HB151 , HB154 , HB155 , HB161 , HB166 , HB187 , HB191 , HB207 , HB211 , HB224 , HB238 , HB241 , HB242 , HB250 , HB260 , HB265 , HB275 , HB300 , HB320 , HB338 , HB339 , HB349 , HB379 , HB399 , HB427 , HB463 , HB464 , HB468 , HB545 , HB550 , HB551 , HB565 , HB588 , HB639 , HB725 , HB782 , HB805 , HB808 , HB834 , HB847 , HB853 , HB858 , HB861 , HB883 , HB916 , HB937 , HB977 , HB1012 , HB1027 , HB1044 , HB1054 , HB1091 , HB1117 , HB90 , HB127 , HB138 , HB150 , HB201 , HB268 , HB273 , HB285 , HB315 , HB354 , HB355 , HB360 , HB376 , HB445 , HB506 , HB606 , HB649 , HB665 , HB681 , HB721 , HB746 , HB757 , HB781 , HB835 , HB844 , HB857 , HB872 , HB886 , HB889 , HB892 , HB982 , HB987 , HB1037 , HB1068 , HB1072 , HB1078 , HB1085 , HB1132 , HB1137 , HB1167 , HB1174 , HB1232 , HB1238 , HB23 , HB136 , HB17 , HB21 , HB51 , HB55 , HB74 , HB106 , HB108 , HB133 , HB140 , HB159 , HB168 , HB215 , HB226 , HB263 , HB296 , HB299 , HB322 , HB364 , HB519 , HB535 , HB538 , HB568 , HB571 , HB622 , HB635 , HB676 , HB772 , HB784 , HB1006 , HB1018 , HB1033 , HB1034 , HB1043 , HB1070 , HB1134 , HB1237 , HB1239 , HB36 , HB119 , HB126 , HB129 , HB245 , HB271 , HB280 , HB337 , HB351 , HB677 , HB726 , HB789 , HB850 , HB956 , HB966 , SB149 , SB382
MS

Mississippi 2026 Regular Session

Appropriations - Room 409, 28 January, 2026; 1:30 P.M.

Appropriations

Transcript Highlights:
  • The cost estimate to move to the LARS system was $171,000, which is way above our pay grade.
  • The cost estimate to move to the LARS system was $171,000, which is way above our pay grade.
  • to move to the Lara system cost estimate to move to the Lara system was<00:13:38.240><c> $171,000</c
  • 00:55:56.000><c> for</c><00:55:56.240><c> the</c> price you'll be paying for the price you'll be paying
  • What was the difference between the current lease and the future lease price difference?
KY
Transcript Highlights:
  • That's also provided that we don't see um updates all of that the estimates um updates all of that the
  • estimates you've<00:32:38.960><c> given</c><00:32:39.600><c> within</c><00:32:40.000><c> four</c><00
  • What cost or can you put a price tag on what that is for when you all train?
  • or can you put a price tag on what<00:57:51.599><c> that</c><00:57:51.839><c> is</c><00:57:52.559><c
  • </c> the number uh on our estimated the number uh on our estimated educational<00:59:05.920><c> expenses
Summary: The subcommittee heard capital project requests from the Justice and Public Safety Cabinet for fiscal years 2026-28. The cabinet described its large statewide footprint and said its facilities face significant deferred maintenance, with the governor’s budget proposing full funding for maintenance pool requests, including an additional $60 million for the Department of Corrections’ maintenance pool and cash funding through investment income. Officials said the projects were based on facility assessments and were presented as necessary public safety investments rather than wish-list items. For the Department of Juvenile Justice, the main requests were $35 million for a high-acuity mental health treatment facility and $45 million each for two new female detention facilities. Officials said the mental health facility would fill a gap for youth needing psychiatric care, while the female facilities were needed to support a regional detention model and address overcrowding; they noted the current female population has grown by 50% since July 2024. Members asked about locations, and staff said they were considering western Kentucky abandoned mine land and available land in Fayette and Jefferson counties, with current female placements in Boyd County and Warren County. For the Department of Corrections, officials requested funding for critical mechanical, electrical, plumbing, roof, and structural repairs, including $15.78 million for Kentucky State Penitentiary utilities infrastructure and additional funding for North Point Training Center projects. They also highlighted two re-entry initiatives: a KCTCS partnership for a re-entry campus at North Point and the East Kentucky Applied Manufacturing Institute at Eastern Kentucky Correctional Complex, both aimed at reducing recidivism through intensive training and job preparation. Members asked about the KCTCS re-entry model, and DOC explained it would be a more immersive, campus-style program than current prison-based vocational classes. The Department of Criminal Justice Training discussed projects at its Richmond campus and the planned Western Kentucky Training Center, including a replacement flat track and campus access road at Richmond and added training features in Madisonville. Officials said the Richmond changes were needed because EKU construction had removed the existing flat track and would affect access, while the Western Kentucky project would expand training capacity and reduce travel for law enforcement agencies. The Kentucky State Police then outlined the final phase of the statewide emergency radio system replacement, estimated at about $17.5 million, and said the system is being built in geographic phases; members asked how long completion would take, and staff estimated roughly four years after funding, assuming no major inflation spikes. No votes were taken, and the meeting remained informational with member questions and staff responses.
LA

Louisiana 2026 Regular Session

Retirement May 5th, 2026

Retirement

Transcript Highlights:
  • Chairman Price? Here. Present. Vice Chairman Owen? Senator Barthelemy? Here. Present.
  • I can't say enough about Senator Price and Representative Bacallat on this.
  • They think it could happen, but there's no way to estimate it.
  • I have talked to Senator Price about this, the chairman, in the off season.
  • I have talked to Senator Price about this, the chairman, in the off season.
Committee: Senate Retirement
Summary: The Senate Committee on Retirement met on May 5 with four members present. HB 41 was deferred until the following week, and the committee approved the April 20, 2026 minutes. The committee then took up several retirement-system bills, many of them negotiated measures involving municipal police, firefighters, teachers, district attorneys, and judges. HB 45, by Rep. Bacallat, was amended and reported favorably. It makes changes to the Municipal Police Employees Retirement System, including retention bonuses, recognition of out-of-state police service, benefits for three officers killed in the line of duty before full enrollment, a DROP fix, and more competitive accrual rates. Testimony from the Louisiana Municipal Association, MEPERS, police representatives, and Mayor Helena Marino was strongly supportive, emphasizing that the bill resolves longstanding disputes and litigation. HB 1237, also by Rep. Bacallat, was reported favorably after testimony that it eliminates partial dissolution penalties for municipal police and adjusts related firefighter provisions; witnesses said it was a negotiated fix supported by municipal and fire stakeholders. HB 42, concerning phased retirement in the Teacher Retirement System, was reported favorably as a permissive framework allowing universities to offer phased retirement options. HB 17, by the District Attorneys’ Retirement System director, was reported favorably to add the Louisiana District Attorneys Association to the definition of employer and require annual reporting on the rehire statute. HB 21, a cleanup bill for the Municipal Employees Retirement System, was also reported favorably. HB 1134, creating a backdrop retirement option for certain judges whose positions are abolished, was amended and reported favorably after LASERS raised questions about early retirement eligibility and the need to bar future judicial candidacy. HB 24, by Rep. Owen, drew the most discussion. It would allow retired or certified teachers to return to work through contracts with school systems, with a three-year sunset. The sponsor argued it would help keep qualified teachers in classrooms and avoid midyear departures, while TRSL, the Louisiana School Board Association, and committee members raised concerns about fiscal impact, contractor status, workers’ compensation, leave rules, and overlap with a separate bill being worked on by the chairman. After an amendment clarifying the independent-contractor definition was adopted, the committee chose to hold the bill in committee for further work rather than advance it immediately. The meeting ended with a motion to adjourn.
TX
Transcript Highlights:
  • We have an estimate that this increase could cost businesses about a billion dollars biannually—costs
  • The NADAC price for that is 31 cents per pill. That's what the payment should have been.
  • And so, you know, we don't really see a solution through this bill regarding price gouging the way we
  • Prices went down when we deregulated electricity in some places.
  • It went to an average, but prices went down when we deregulated telecom, when we deregulated.
Bills: SB502 , SB513 , SB622 , SB670 , SB731 , SB732 , SB916 , SB961 , SB1122
HI
Transcript Highlights:
  • </c> crisis for decades called it the price crisis for decades called it the price of<00:26:39.240><c
  • The average price is $469,000, and the maximum price is $606,000.
  • They're going to be priced out of their units and have a lien on them.
  • They're going to be priced out of their units and have a lien on them.
  • </c><02:39:30.560><c> of</c> availability and the pricing of availability and the pricing of insurance
Keywords: 912, senate, all
Summary: The joint hearing of the Water and Land, Hawaiian Affairs, and Housing committees on January 29, 2025 focused on SB 534, with the chairs outlining hearing procedures, public testimony limits, and plans to allow extended presentations from the Office of Hawaiian Affairs (OHA) and the Hawaii Community Development Authority (HCDA) before moving to other testifiers. The hearing was presented as a public, transparent discussion of OHA’s plans for Kakaʻako Makai, with committee members noting that decision-making would follow if time permitted. OHA testified in strong support of SB 534. The chair of OHA’s Board of Trustees said the bill was a novel proposal for the legislature and emphasized that OHA was bringing together a broad coalition of partners and stakeholders, including representatives from construction, hospitality, education, law enforcement, civil service, and schools, as well as longtime community advocates who have opposed development in Kakaʻako Makai. OHA’s presentation reviewed the history of the area, the creation and role of HCDA, prior master plans, the 2012 land conveyance to OHA, and the argument that OHA has not been able to realize the full economic value of the lands because desired entitlements were not secured. OHA linked the bill to its constitutional mission to improve conditions for Native Hawaiians and argued that the state’s housing crisis makes additional development, including residential use, especially important. A major theme of the testimony was housing. OHA argued that Hawaiʻi faces severe affordability pressures, out-migration, and workforce shortages, and said that residential development in Kakaʻako Makai would help address those needs while also supporting the value of the trust lands. The presentation described HCDA’s authority over zoning and development in Kakaʻako, the existing reserved housing requirements, and the need for a master plan that could move forward if SB 534 becomes law. No votes or final committee action were taken in the portion of the hearing provided; the discussion remained in the presentation and testimony phase.
MN

Minnesota 2025-2026 Regular Session

House Workforce, Labor, and Economic Development Finance and Policy Committee 3/17/26

Workforce, Labor, and Economic Development Finance and Policy

Transcript Highlights:
  • which really is surveillance pricing which really is really<00:46:40.800><c> hard</c><00:46:41.040><
  • So one thing to understand about these estimates, and one reason that I'm particularly concerned, is
  • we should understand these are conservative estimates to say that a third of workers are going to be
  • Representative Greenman talked about surveillance pricing.
  • estimates How would those estimates or<01:04:51.280><c> how</c><01:04:51.520><c> can</c><01:04:52.160
Bills: HF1316 , HF4369
ID

Idaho 2026 Regular Session

Agenda Mar 3rd, 2026

Transcript Highlights:
  • Price. Bruce. Bruce. Bruce. Harris. Green. Mitchell. Price. Bruce. Harris. Green. Senator Grow.
  • Price. Aye. Bruce. Harris. Green. Bruce, Harris, Green.
  • Representative Price. Thank you, Mr. Chair.
  • Representative Price. Thank you, Mr. Chair.
  • Price. Aye. Ricks. Harris. Mitchell. Price. Aye. Does any member wish to change his or her vote?
Summary: The committee considered a series of Idaho Department of Corrections budget supplementals and FY 2027 enhancement requests, including Hepatitis C fund spending authority, county and out-of-state placement costs, medical services, management services replacement items, state prisons replacement items, and community corrections replacement items. Most of these motions passed with due-pass recommendations, though the county and out-of-state placement request drew some opposition before passing. Members also discussed a separate intent-language item directing IDOC to begin a request for information on community reentry centers; supporters said it could identify more efficient operations, while opponents raised concerns about staff workload, funding, and accountability. That language ultimately passed. The committee then turned to the Commission of Pardons and Parole, approving a FY 2026 fund shift to support operating and personnel costs and a FY 2027 dedicated-fund increase for OITS hardware and budget restoration. After that, the Department of Health and Welfare budgets were taken up. In the Division of Welfare, members heard about SNAP federal match changes under H.R. 1, Medicaid expansion work requirements, and Medicaid eligibility system changes; the combined motion failed in the House committee. The committee then approved a budget-neutral fund source change for Substance Abuse Treatment and Prevention to align the Liquor Control Fund appropriation with the Cooperative Welfare Fund. For Behavioral Health, the committee approved Mental Health Services changes tied to juvenile corrections clinical transfer funding, restoration of staff and funding related to the Jeff D. settlement, Idaho Behavioral Health Plan growth, and Allenbaugh House funding, along with related transfer and reporting language. It also approved a Psychiatric Hospitalization supplemental shifting Idaho Behavioral Health Plan revenue from federal to dedicated funds, and a FY 2027 psychiatric hospitalization budget that included endowment and fund-source adjustments, replacement items, and the ongoing behavioral health plan shift. Finally, the committee corrected a prior college and universities motion to restore four FTP for risk managers transferred from the State Board office, then adjourned after noting upcoming budget-setting deadlines and the next meeting schedule.
ID

Idaho 2026 Regular Session

Agenda Mar 3rd, 2026

Transcript Highlights:
  • Price. Bruce. Bruce. Bruce. Harris. Green. Mitchell. Price. Bruce. Harris. Green. Senator Groh.
  • Price. Aye. Bruce. Harris. Green. Bruce, Harris, Green.
  • Representative Price. Thank you, Mr. Chair.
  • Representative Price. Thank you, Mr. Chair.
  • Price. Aye. Ricks. Harris. Mitchell. Price. Aye. Does any member wish to change his or her vote?
Keywords: 989, all
Summary: The committee took up a series of Idaho Department of Corrections budget supplementals and FY 2027 enhancement requests. Members approved supplemental or ongoing funding for Hepatitis C treatment authority, county and out-of-state placement costs, medical services, management services replacement items and IT hardware, state prisons replacement items, and community corrections replacement items, with several motions passing by due pass recommendation after roll calls. In community corrections, the committee approved a reduced amount that excluded some vehicle replacements. The committee also approved a technical correction to the college and university budget to restore four FTP that had been omitted from yesterday’s motion. The committee then considered several Department of Health and Welfare items. It approved a budget-neutral fund source change for substance abuse treatment and prevention, moving $650,000 from the Liquor Control Fund to the Cooperative Welfare Dedicated Fund. In the Division of Welfare, members discussed SNAP administrative cost changes tied to H.R. 1, Medicaid expansion work requirements, and Medicaid eligibility system changes; the motion to fund all three items failed in the House committee, so no language advanced. The committee also approved psychiatric hospitalization supplemental funding to shift Idaho Behavioral Health Plan revenue from federal funds to dedicated funds. For FY 2027 mental health services, the committee approved a compromise package that reduced funding for a juvenile corrections clinical transfer and restored some mental health services staffing and Idaho Behavioral Health Plan costs, while adding Allenbaugh House funding through opioid settlement dollars. It also adopted language allowing certain transfers under state law and requiring separate reporting for children’s and adult mental health spending under the Idaho Behavioral Health Plan. For psychiatric hospitalization, the committee approved ongoing fund shifts for employee benefits, the Idaho Behavioral Health Plan, replacement items, and endowment fund adjustments. The meeting ended with notice of upcoming budget-setting work and a reminder for members to get any new motions to staff by early afternoon.
CA

California 2025-2026 Regular Session

Senate Rules Committee May 6th, 2026

Transcript Highlights:
  • in data centers, you are working at an estimate.
  • It has impacted prices in California. It has impacted prices in the rest of the U.S.
  • gas prices.
  • terms of how much prices have gone up versus others.
  • But we need those truck prices to go down, so it's less incentive and less price and makes it better.
Summary: The Senate Committee on Rules first handled several routine actions, including approving three governor’s appointments not required to appear: Anthony Surich as Executive Director of the California Housing Finance Agency, Craig Snelling J.D. to the Workers’ Compensation Appeals Board, and Nicholas Mueller to the Off-Highway Motor Vehicle Recreation Commission. The committee also approved referral of bills to committees, all by 4-0 votes. It then took up appointments requiring testimony, beginning with Jereen DiAdamo to the State Water Resources Control Board. DiAdamo focused her remarks on safe drinking water, groundwater sustainability, conservation, and Bay-Delta restoration. She said the number of Californians without safe drinking water has fallen from 1.6 million to 800,000 since 2019, credited the SAFER program, technical assistance, and mandatory consolidation authority, and described ongoing work on failing and at-risk systems, domestic well mitigation, SGMA implementation, and the Bay-Delta Plan. Senators pressed her on audit follow-up, measurable goals for reducing the remaining unsafe systems, funding uncertainty, and concerns from environmental and tribal groups that the board has favored water users over ecosystem protections. Supporters from water, agriculture, business, and local agencies praised her collaborative style and consensus-building, while opponents argued she had not done enough to protect the Delta and called for new leadership. The committee ultimately voted 4-0 to advance her appointment to the full Senate. The committee then heard from Sivagunda Gunda for reappointment to the California Energy Commission. He highlighted progress on grid reliability, zero-carbon generation, and planning for California’s energy transition, including transportation fuels, building electrification, and the eventual retirement of Diablo Canyon. Senators questioned him about the future of Kern Energy and small refineries, the state’s transportation fuels plan, fuel imports and costs, and whether California can retire Diablo Canyon by 2030 without harming reliability. Gunda said the state is planning as if Diablo Canyon retires in 2030, that current resource additions make reliability manageable, and that affordability and market coordination remain key issues. The committee then voted 4-0 to advance his appointment to the full Senate, and the hearing recessed afterward.
ND

North Dakota 2026 1st Special Session

Advanced Nuclear Energy Committee Mar 24th, 2026

Advanced Nuclear Energy Committee

Transcript Highlights:
  • So it's $22 billion for four units at Darlington is their current estimate.
  • Estimate.
  • I'd also say that there's certainly price volatility that comes with natural gas.
  • And so that also is something else to consider when thinking about the true price comparison.
  • Measures like PPAs from hyperscalers that increase in price to absorb construction cost overruns, EPC
Summary: The committee met to hear a series of presentations on advanced nuclear economics, workforce, community impacts, and financing. Nucleon Energy’s William Bridge presented a report estimating the economic impacts of hypothetical 200-megawatt and 600-megawatt SMRs, including construction and operating jobs, local spending, tax revenue, and the private-sector conditions needed to attract investment. He said the report used nth-of-a-kind cost assumptions, discussed security and water siting considerations, and argued that early community engagement and permitting work should be timed to when projects are closer to being economic. Committee members questioned cost assumptions, security staffing, transmission and water siting, and whether large reactors or SMRs are more likely to be financed in the near term. Lori Brady of the Nuclear Energy Institute then outlined national nuclear workforce needs and NEI’s strategic workforce planning. She described declining labor-force demographics, the need for hundreds of thousands of new energy workers by 2050, and six workforce priorities: career awareness, pipelines, training and qualification, policy support, retention, and non-traditional pipelines. She highlighted the Nuclear Works career website, the Nuclear Energy Academic Roadmap, the new federal Energy and Natural Resources career cluster, and the Nuclear Uniform Curriculum Program for community colleges. Members asked about AI, robotics, and when training should begin relative to future plant construction; Brady said AI is not expected to replace workers broadly and that training timelines depend on the specific project and staffing plan. Red Wing, Minnesota Mayor Gary Yako described hosting the Prairie Island nuclear generating facility. He said the plant provides a large share of the city’s property tax base, supports well-paid jobs, contributes to local emergency preparedness, and is a strong community partner through donations and employee involvement. He said the city supports relicensing, has regular emergency drills, and has had no issues with dry cask storage. The committee also heard from NEI’s Benton Arnett, who reviewed the current financing landscape, including federal tax credits, DOE loan authority, offtake agreements, and the shift toward project developers and special-purpose vehicles. He said early projects face high first-of-a-kind costs, but federal support and long-term power purchase agreements are helping make projects financeable. Finally, DOE’s Julie Kazeraki described the Office of Energy Dominance Financing and its role in supporting new nuclear, restarts, uprates, and supply chain investments, emphasizing that federal loan and tax-credit tools are intended to reduce upfront risk and improve project affordability.
NM

New Mexico 2026 Regular Session

House - Judiciary Feb 11th, 2026

House Judiciary

Transcript Highlights:
  • I imagine there are good estimates and less good estimates for that, but pay as you go certainly ensures
  • And I would note there is a consumer price index on the cost.
  • There is a consumer price index on these caps, so it will be increasing over time.
  • People were getting priced out of their homes because the property taxes were going up.
  • and significant financial obligations are in many cases effectively priced out of public service.
Bills: HB99 , HJR5 , HM39 , HB206 , HB213 , SB41 , SB153 , SB165 , SB261 , SB264
Summary: The committee first took up House Bill 99, a medical malpractice reform measure. Sponsor Chair Chandler and Minority Leader Armstrong described months of stakeholder negotiations aimed at balancing patient compensation with concerns from physicians, hospitals, and insurers about litigation costs, punitive damages, and access to care. The committee substitute kept the existing monetary damage caps but changed several provisions, including definitions of “occurrence” and “value of medical care,” treatment of future medical expenses, a higher clear-and-convincing standard for punitive damages, a two-step process before punitive damages can be pled, and a lower punitive-damages cap for smaller providers versus a higher cap for large hospital systems. Supporters said the bill would help recruit and retain doctors and stabilize the malpractice market; opponents argued it weakens accountability, especially for corporate and out-of-state hospital systems, and several speakers urged a stronger amendment to preserve patient rights. After debate, the committee voted 10-0 to give the House Judiciary Committee substitute for HB 99 a do-pass recommendation. The committee then heard House Joint Resolution 5, which would amend the state constitution to allow legislative compensation. Sponsors and supporters said paying legislators would make service more accessible to working people, parents, rural residents, and others without independent wealth, and would broaden representation. Several advocacy groups and individual commenters backed the proposal, while members raised questions about the pay formula, with the resolution tying compensation to the state median income. Some members supported the idea but preferred a salary commission or a different mechanism. The committee approved HJR 5 on a 7-3 vote. Finally, the committee began hearing House Memorial 39, which calls for a task force to study the current state of sexual assault examination kits and report on backlog progress. Sponsor Rep. Ferrari and the New Mexico Coalition of Sexual Assault Programs explained that a prior task force a decade ago found more than 5,000 untested kits and led to policy changes, including the Sexual Assault Survivors Bill of Rights and a statewide tracking system. The memorial is intended to reassess whether backlogs remain and recommend further fixes.
HI
Transcript Highlights:
  • I do have an updated revenue estimate.
  • I do have an updated revenue estimate.
  • The cost has been taken down; the price has been driven down.
  • The cost has been taken down; the price has been driven down.
  • The cost has been taken down; the price has been driven down.
Committee: House Finance
Keywords: 910, house, all
OK
Transcript Highlights:
  • already missed the window for 781 requests because state question 781 brings us the savings roughly estimated
  • Has that been an offer price, or is that an estimate based upon other sales that the company is looking
  • And that is tentatively the price right now is $12.6 million.
  • And I would estimate it's going to be between 12.6 to $13 million.
  • Overall price in the very front of this packet is OSBI's information on what their cost is.
Keywords: 914, all
NM

New Mexico 2025 Regular Session

Senate - Finance Mar 18th, 2025

Senate Finance

Transcript Highlights:
  • The estimate that New Mexico needs to be able to put forward to be competitive ranges anywhere from $25
  • would produce about 70 million barrels of oil a year, almost like clockwork, and we were riding the price
  • Uh, one world event can change the price of oil.
  • Chair, Senator, so that's the... estimate.
  • We paid a good price for a good vehicle. Mr.
CA
Transcript Highlights:
  • One, the incomes of high-income earners are more sensitive to changes in the economy and asset prices
  • That's estimated to save, what, $166 million a year.
  • And now we're estimating $55 billion. And they're saying that a huge portion of that was fraud.
  • Yeah, I would say the estimate of the 10% through the multi-year would be between $22 billion to $25
  • But that is their estimate, and as I understand it, they are talking to the administration right now
Summary: The Senate Budget and Fiscal Review Committee held an informational hearing on California’s Budget Stabilization Account, or Rainy Day Fund, with opening remarks focused on the state’s long history of revenue volatility and the role reserves play in smoothing downturns. The Legislative Analyst’s Office explained that California’s personal income tax base is highly volatile because high-income earners’ income is tied to capital gains and other fluctuating sources, and that Proposition 2’s current reserve rules set aside 1.5% of General Fund revenues plus a share of excess capital gains, but cap constitutional deposits at 10% of General Fund taxes. The LAO said its analysis evaluates reserve policy over decades and found the current system would cover about 30% of funding shortfalls in a 90th-percentile downturn scenario over 50 years, which is an improvement over no reserve but still inadequate. The LAO recommended raising the reserve cap substantially, ultimately to 50% by 2055, with an immediate increase to 20% and gradual increases thereafter. It also suggested either replacing Proposition 2’s deposit formulas with broader rules that capture volatility across all tax revenues or, alternatively, depositing all excess capital gains rather than only a share. The Department of Finance said the Governor’s prior proposal similarly sought to raise the cap from 10% to 20% and exclude reserve deposits and withdrawals from the state appropriations limit, arguing those two constraints limited the state’s ability to save during recent revenue surges. Other panelists and members discussed whether reserves should be paired with broader structural changes, including unemployment insurance reform, safety-net funding, infrastructure reserves, and the projected surplus temporary holding account. The California Budget and Policy Center supported reserve reform but emphasized balancing savings with current needs and noted other tools such as revenue increases, borrowing from special funds, and the new surplus-holding account. Members debated the causes and effects of Proposition 13, the appropriations limit, business departures, and whether reserve policy should be more directly tied to protecting Californians’ access to health care, food assistance, child care, and other core services. No votes or formal actions were taken, as the hearing was informational only.
CA

California 2025-2026 Regular Session

Senate Budget and Fiscal Review Committee Feb 18th, 2026

Budget and Fiscal Review

Transcript Highlights:
  • One, the incomes of high-income earners are more sensitive to changes in the economy and asset prices
  • That's estimated to save, what, $166 million a year.
  • And now we're estimating $55 billion. And they're saying that a huge portion of that was fraud.
  • Yeah, I would say the estimate of the 10% through the multi-year would be between $22 billion and $25
  • But that is their estimate, and as I understand it, they are talking to the administration right now
Summary: The Senate Budget and Fiscal Review Committee held an informational hearing on California’s Budget Stabilization Account, or Rainy Day Fund, with presentations from the Legislative Analyst’s Office, the Department of Finance, Practical Idealism Economics, and the California Budget and Policy Center. The LAO explained that California’s revenue volatility is driven largely by the personal income tax and high-income capital gains, and described how Proposition 2 deposits work, the 10% cap on the BSA, and the LAO’s evaluation that the current policy would cover only about 30% of funding shortfalls over 50 years in an unfavorable benchmark scenario. The LAO recommended raising the cap to 50% over time and either adopting broader deposit rules or depositing all excess capital gains. Finance said the administration had proposed raising the cap to 20% and excluding reserve deposits and withdrawals from the state appropriations limit. The Budget Center supported reserve reform but stressed balancing savings with current service needs and noted other tools such as revenue changes, borrowing from special funds, and the new Projected Surplus Temporary Holding Account. Committee members debated the purpose and adequacy of reserves, the role of the state appropriations limit, and whether reserves should be paired with broader fiscal reforms. Several senators argued that reserves are needed to preserve core services during downturns and that the current system is too complicated and too small, while others emphasized the need to protect spending on health care, child care, and other services for working Californians. There was also discussion of infrastructure spending as a possible countercyclical tool and whether deposits for infrastructure should be treated differently under reserve and SAL rules. The LAO said the Legislature has flexibility in defining infrastructure spending and suggested an infrastructure fund could function as a separate reserve-like mechanism. A significant portion of the hearing turned to broader tax and budget policy, including repeated references to Proposition 13, the state’s revenue structure, business departures, unemployment insurance financing, and the impact of inequality on California’s fiscal resilience. Some members argued Prop. 13 was driven by affordability concerns for homeowners, while others said it created loopholes that benefit corporations and constrain local revenue. The hearing did not take any vote or formal action; it remained informational, with the chair indicating the committee would continue questions and public comment after the panel discussion.
AZ

Arizona 2026 Regular Session

02/10/2026 - Senate Natural Resources

Senate Natural Resources Committee of Reference

Transcript Highlights:
  • We find it difficult to estimate the impact of this bill.
  • If we want Arizona families to have stable electric prices, if we want businesses to invest here, and
  • Consumer misconceptions: homeowners are often presented with estimates and significant savings, but they
  • may not fully account for the deep ...with estimates and significant savings, but they may not fully
  • This is an estimate, but just based on what I know about the district's pumping, and that's most of the
Summary: The committee heard and advanced several appropriation and policy bills. SB 1488 would appropriate $600,000 for a workforce development study on coal-impacted communities in northern Arizona, especially areas affected by the closure of Navajo Generating Station and related coal operations; supporters described it as a needed transition study, and it received a do-pass recommendation. SB 1523 would provide $340,000 to the Navajo Nation for the Ganado waterline pipeline project serving 235 homes; testimony emphasized long-standing lack of safe drinking water, and the bill also received a do-pass recommendation. SB 1041 would appropriate $500,000 to the Arizona Trail Fund; supporters highlighted the trail’s statewide recreational and cultural value, and it passed with a do-pass recommendation. SB 1447 would extend the groundwater withdrawal fee moratorium and related Pinal AMA fund provisions through 2033; irrigation district representatives said the extension would help maintain infrastructure amid Colorado River shortages, and it was also recommended do-pass. The committee also considered several regulatory bills. SB 1445 would let smaller cities and towns use approved on-site bacteriological testing equipment and limit required sampling frequency for certain ADEQ permits; the sponsor said it would save small towns money, while some members raised concerns about limiting sampling during discharge events, but the bill still received a do-pass recommendation. SB 1580 would appropriate $2.545 million for a statewide fire incident management platform for fire and law enforcement agencies; supporters said it would improve accountability, information sharing, and interoperability, while one member objected to the targeted funding approach, and the bill passed on a 5-3 vote. SB 1418 would streamline siting and permitting for small modular nuclear reactors in smaller counties, especially when co-located with large industrial users; supporters argued it would help energy reliability and rural economic development, while opponents warned it would weaken local review and environmental safeguards, and it passed 5-3. The committee took up two bills involving consumer protections and access. SB 1419 would add inspection and disclosure requirements for rooftop solar installations and restrict sales claims about estimated savings; supporters said it responded to consumer complaints about roof damage and misleading sales practices, while opponents argued it would burden rooftop solar and restrict speech. After extensive testimony, including from county officials, former ROC leadership, and solar industry representatives, the bill received a do-pass recommendation on a 6-2 vote. SB 1363 would create a rural opportunity initiative to issue additional marijuana-related licenses for underserved rural communities; supporters said it would improve access and reduce illicit-market activity, while opponents argued the bill was confusing and could expand licenses too broadly. The committee ultimately recommended the bill do pass on an 8-0 vote, with members noting possible amendments before floor consideration.
AZ

Arizona 2026 Regular Session

02/10/2026 - Senate Natural Resources

Natural Resources

Transcript Highlights:
  • We find it difficult to estimate the impact of this bill.
  • If we want Arizona families to have stable electric prices, if we want businesses to invest here, and
  • for a distributed energy generation system from making a written or oral statement regarding any estimated
  • Homeowners are often presented with estimates and significant savings, but they may not fully account
  • This is an estimate, but just based on what I know about the district's pumping, and that's most of the