Video & Transcript : 'trust funds' :
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NM
New Mexico 2025 Regular Session
IC - New Mexico Finance Authority Oversight Nov 3rd, 2025
New Mexico Finance Authority Oversight Committee
Transcript Highlights:
- You saw that this morning with the Water Trust Board regarding how funds can be best invested.
- and funds.
- Primary Care Capital Fund, and our Child Care Facility Revolving Fund.
- The act creates two particular funds: the Opportunity Revolving Fund and the Housing Revolving Fund.
- other funds will come as a result of our funds.
CA
California 2025-2026 Regular Session
Senate Budget and Fiscal Review Subcommittee No. 5 On Corrections, Public Safety, Judiciary, Labor and Transportation Feb 26th, 2026
Transcript Highlights:
- There's also the Court Facilities Trust Fund. This fund was made...
- There's also the Court Facilities Trust Fund.
- Fund and the General Fund.
- The 2025-26 budget is estimated to spend $100 million from the Court Facilities Trust Fund and $94 million
- Now the current program maintenance budget is funded from the Court Facilities Trust Fund, as was noted
Summary:
The Senate Budget Subcommittee on Corrections, Public Safety, Judiciary, Labor, and Transportation held a hearing focused first on courthouse facility funding and then on the Governor’s proposed court facilities budget. Legislative Analyst’s Office staff outlined the state’s court-facilities funding structure, including the 2002 shift of trial court facility responsibility from counties to the state, the main funding accounts, the insolvency of the construction fund, the move to General Fund support, the backlog of deferred maintenance, and the large estimated cost of needed new construction and repairs. Judicial Council representatives and judges from Los Angeles and Mendocino described severe seismic, safety, ADA, security, and maintenance problems, with examples of floods, elevator failures, asbestos-related closures, and long-delayed or underfunded projects. They argued that chronic underinvestment is making facilities less safe and more expensive to maintain, and that courthouse conditions directly affect access to justice and public confidence.
Committee members pressed witnesses on how projects are prioritized, whether population and filing volume are adequately reflected, why reassessments have not been updated since 2019, how long acquisitions and construction take, and what level of funding would actually close the gap. Members also questioned the fixed county contribution, the use of General Fund backfills, and whether the state should set a clearer long-term funding target for the judicial branch. LAO staff emphasized that any new General Fund commitment would require tradeoffs with other budget priorities and said the Legislature must decide its appetite for funding. Judicial Council staff said the current prioritization was based on the 2019 reassessment and trailer bill language, that a new reassessment would cost about $14 million, and that acquisition delays are often driven by willing-seller issues and CEQA requirements. The chair asked for written testimony and indicated the committee would consider a future field hearing.
In the second panel, Judicial Council and Department of Finance representatives reviewed the Governor’s budget proposals for court facilities. They said the proposal includes continued backfill for the State Court Facilities Construction Fund, several new construction and reappropriation items, relocation of Los Angeles courtrooms from the Spring Federal Building, and completion of a fire/life-safety project in Orange County. A court executive from Ventura testified that courthouse conditions affect public trust, employee morale, and the quality of service, citing roof leaks, elevator breakdowns, and HVAC failures as examples of why sustained facilities funding is needed.
CA
Transcript Highlights:
- They're registered with the Attorney General's Office of Charitable Trusts. We've verified that.
- I think the funding... Up our division as we speak.
- The funding for our division was bifurcated, so we had some funding released in 24, and then another
- bit of increased funding to hire staff was just released in 25.
- ...starts to just feel like, how do we put our trust in it, and how do we rebuild the trust?
Committee:
Senate Rules
Summary:
The Senate Committee on Rules convened with quorum and first approved several governor’s appointments not required to appear, including Deborah Garns, Davis Rabbit, Cindy Silva, Vincent Wells, and Lee Herrick as California Poet Laureate, all by 5-0 votes. The committee also approved reference of bills to committees and floor acknowledgments, each by unanimous 5-0 votes.
The committee then heard testimony on the appointment of Trista Gonzalez as Director of the Department of Tax and Fee Administration. Gonzalez described her 33-year career in tax administration, emphasized taxpayer service, efficient collection, and support for small businesses, and answered questions about lithium extraction tax registration, online sales tax enforcement under Wayfair and AB 147, and CDTFA’s work with illicit cigarette, tobacco, and cannabis activity. Members praised her responsiveness to legislators and constituents, and public commenters from Ryan LLC and the California Society of Enrolled Agents supported her confirmation. The committee voted 5-0 to send her nomination to the full Senate.
The committee also heard from Aaron McGuire, executive director of the Board of State and Community Corrections, on his confirmation. He discussed the board’s expanded responsibilities, including annual detention facility inspections, grant administration, and the new in-custody death review division. Members questioned him about grant oversight, audits, implementation of SB 519, access to local agency records, standards for detention facilities, and conditions in Los Angeles County juvenile facilities. McGuire said the board is using inspections, technical assistance, and public reporting to improve compliance and transparency, and that additional trailer bill language clarified access to records. Public support came from nonprofit reentry providers and Giffords. The committee approved his nomination 5-0, and then adjourned.
CA
Transcript Highlights:
- They're registered with the Attorney General's Office of Charitable Trusts. We've verified that.
- I think the funding... Up our division as we speak.
- The funding for our division was bifurcated, so we had some funding released in 24, and then another
- bit of increased funding to hire staff was just released in 25.
- ...starts to just feel like, how do we put our trust in it? And how do we rebuild the trust?
Committee:
Senate Rules
CA
California 2025-2026 Regular Session
Senate Budget and Fiscal Review Subcommittee No. 5 On Corrections, Public Safety, Judiciary, Labor and Transportation Feb 26th, 2026
Transcript Highlights:
- There's also the Court Facilities Trust Fund. This fund was made...
- There's also the Court Facilities Trust Fund.
- Fund and the General Fund.
- So the 2025-26 budget is estimated to spend about $100 million from the Court Facilities Trust Fund and
- Now the current program maintenance budget is funded from the Court Facilities Trust Fund, as was noted
FL
Transcript Highlights:
- Over $32 billion came into the state trust funds, and about $7 billion of money that was received by
- from general revenue to trust.
- funds and for the state.
- So my understanding is that when the balances in the trust funds increased, DFS did a great job in looking
- They are other taxes and fees, which are small fees that come through different trust funds.
Committee:
Senate Finance and Tax
Summary:
The Senate Committee on Finance and Tax convened with a quorum present, heard an introductory presentation of committee staff, and then received a staff briefing from Azar Khan on Florida’s state tax structure and revenue outlook. The presentation covered fiscal year 2023-2024 revenues, noting more than $127 billion in total state revenue, with general revenue exceeding $48 billion and sales and use tax making up the largest share. It also compared Florida’s tax burden to other states, highlighted Florida’s low per-capita revenue ranking and strong business formation numbers, and reviewed major and minor revenue sources, tax rates, and the revenue estimating conference process.
Members asked about what drives revenue growth, including population, tourism, construction, and auto sales, and about Florida’s regressivity, corporate income tax participation, and investment earnings on state balances. Khan said the state’s revenue picture remains positive and stable, but that future growth is slower than during the COVID-era spike; he also explained that some negative forecast changes were tied to legislative actions such as the insurance premium tax credit, while others reflected lower tobacco consumption and severance activity. He noted that revenue and spending forecasts are separate and that budget-side growth is driving concerns raised in other state economic projections.
The committee also discussed possible tax package ideas for the upcoming session, including tax holidays and homeowner relief, but no specific proposals were acted on. The chair announced the committee would not meet the following week and that the next meeting would be in week three of February. The meeting concluded with no objections to a motion to adjourn.
NM
New Mexico 2026 Regular Session
House - Labor, Veterans and Military Affairs Jan 22nd, 2026 at 01:57 pm
Transcript Highlights:
- Thank you. balance of this The balance of this, which is called a trust fund but was always intended
- to be an expendable trust, is sitting at $22,487,386 as of September 2025.
- Trust Fund—those apprenticeships, which are only in the building and construction trades—currently 222
- Madam Chair, Representative Ortiz, it's all formula-based funding.
- funding supports all apprenticeship programs.
Summary:
The House Labor, Veterans, and Military Affairs Committee met to hear House Bill 7, sponsored by Representative Garrett and Representative Cates, which would continue and support apprenticeship and workforce training funding. The sponsors and the Department of Workforce Solutions described strong growth in apprenticeship participation, especially in the building trades, and said the fund has helped expand programs while maintaining high retention and employment outcomes. They emphasized that the bill would provide predictable, sustained investment in skilled labor needed for construction, infrastructure, and other growing sectors.
Supportive testimony came from contractors, chambers of commerce, trade unions, and a small business owner, all of whom said apprenticeship funding is essential to meeting workforce shortages and keeping workers in New Mexico. Committee members asked about program demographics, geographic distribution, rural participation, reentry and high school dropout data, and how apprenticeships connect to displaced workers from energy and industrial closures. The secretary explained that the department uses Rapid Response and economic transition programs for layoffs and closures, and also surveys current energy workers to gauge retraining interest.
Several members praised the bill’s return on investment and retention of workers in the state, while Representative de Rassas suggested adding more public transparency and performance metrics. Representative Ortiz asked about future funding after 2031 and whether the program could scale with more money. After discussion, Representative Hall moved a do pass, Representative de Rassas seconded, and the committee approved House Bill 7 with no opposition. The chair also announced upcoming committee meetings and asked members to consent to sharing contact information for committee purposes.
ID
Transcript Highlights:
- House Bill No. 566 by the Resources and Conservation Committee: an act relating to the State Trust for
- Fund for Outdoor Recreation Enhancement; repealing Section 67-4248, Idaho Code, relating to management
- of funded projects and lands; repealing Section 67-4249, Idaho Code, relating to promulgation of rules
- State Trust for Outdoor Recreation Enhancement.
- Enhancement Fund and declaring an emergency and providing an effective date.
FL
Transcript Highlights:
- And indeed stopping the funding of public universities.
- So we trust that Mr.
- I want to pick up on the word trust.
- All of us have trouble trusting Mr. Kissel.
- With all due respect to himself, we are worried that we can't trust him in terms of funding, in terms
Committee:
Senate Ethics and Elections
Summary:
The Committee on Ethics and Elections met to consider a large slate of gubernatorial appointees, with 127 nominees on the agenda. The committee first approved the grouped nominees in Tabs 1 through 54 by unanimous roll call vote after brief public testimony in support of several appointees. The committee then took up individual University of West Florida and Pensacola State College-related nominations, including noting that Dr. Joel Rudman had resigned from the Pensacola State College board before appearing, leaving no action to take on that tab.
Several UWF trustees were confirmed after testimony focused on their qualifications and priorities for the university. Paul Bailey emphasized his local ties, legal background, and interest in UWF’s military connections and pre-law program; Rebecca Matthews highlighted her education and public service background, current role as UWF board chair, enrollment growth, fundraising, and alignment with state directives; Rachel Moyah discussed her education leadership experience, finance role, and positive enrollment and fundraising trends; Ashley Ross described her fundraising and higher education background and stressed workforce, advancement, cyber, and military partnerships; and Christopher Young spoke about his Panhandle roots, business experience, audit and compliance work, and support for military and student opportunity. Each of these nominees was confirmed by roll call and forwarded to the full Senate.
The most contentious nomination was Adam Kissel for the UWF Board of Trustees. Kissel described his background in higher education policy, free speech, philanthropy, and federal education work, and said he would focus on free speech, accreditation, military/veteran support, honors programming, and graduation rates. Committee members questioned him closely about prior writings on privatizing public higher education, his views on free speech versus Senate Bill 266, Project 2025, AI in administration, and his fit for UWF. Public testimony was split, with supporters praising his free-speech credentials and reform views, while opponents, including former UWF leaders, warned he was too ideological and not sufficiently grounded in the university community. After debate, the committee voted 5-4 not to confirm Kissel, so his name will not be forwarded to the full Senate.
OK
Oklahoma 2026 Regular Session
House of Representatives Second Regular Session of the 60th Legislature Day 12 Feb 19th, 2026 at 09:30 am
Oklahoma House Floor Meeting
Transcript Highlights:
- Yes, they are because of the funding issues.
- And I will trust you on that. I know who you are.
- And I trust you and what you're trying to do.
- And while I trust my colleague, I do I see online about this organization, and while I trust my colleague
- What's our way of being when it comes to funding agencies?
NM
New Mexico 2026 Regular Session
IC - Legislative Finance Jan 7th, 2026 at 11:04 am
Transcript Highlights:
- 5 additional funding for early childhood investment.
- That's what the Grove Fund allows us to do.
- At this point, there is not additional early childhood education trust fund that's dedicated in the legislative
- And I wonder if a member of the committee could also discuss whether the funding in the special fund
- There's another 100 million, as the vice chair talked about, going straight to the Water Trust Fund and
MN
Transcript Highlights:
- The legislature has trusted school districts for 30 years to make this decision.
- There are multiple funding streams that help cover them. The cost of equipment and materials.
- So these school board elections, even in on-year elections, are attracting significant funding.
- It was about earning their trust and showing that I cared about their ideas and perspectives.
- This is often for the purpose of Average Daily Membership (ADM) funding and other funding streams that
Committee:
House Education Policy
FL
Transcript Highlights:
- So not new funds coming from growth, but funds that we realign across different trust funds, across different
- that we realign across different trust funds, across different types of appropriations and commitments
- The other one is trust fund transfers and redirects.
- So we've always shown, or in recent years, we've always shown the trust fund transfers.
- That's transfers coming out of trust funds into general revenue, netted by anything that went the other
Committee:
Senate Appropriations
Summary:
The committee met to receive Amy Baker’s presentation on Florida’s long-range financial outlook for fiscal years 2026-27 through 2028-29. Baker said the forecast assumes continued but moderating economic growth, with Florida GDP slowing from recent highs, personal income remaining above average, wages continuing to rise faster than job growth, and population growth eventually slowing as the state approaches 2030 and the baby-boomer cohort fully ages into retirement. She also highlighted weakening housing and real-estate-related revenue, especially documentary stamp collections, along with low consumer sentiment as signs of caution in the outlook.
Baker explained that the state’s near-term general revenue picture improved largely because of legislative actions taken in the prior session, including contingency releases, reversions, and other budget adjustments, rather than from major new revenue growth. She said reserves remain strong at nearly $15 billion, or just under 30% of general revenue, with the budget stabilization fund at its constitutional maximum. The main spending pressures identified were critical needs and other high-priority needs, led by a new recurring transfer to the emergency preparedness and response fund and by Medicaid, where rising service costs and medical inflation—especially behavioral analysis costs in managed care—are driving higher expenditures despite lower caseloads and a slightly better federal match.
Members questioned the accuracy of the forecast, the Medicaid cost drivers, the treatment of the governor’s emergency fund, federal funding assumptions, and whether recent federal legislation was reflected in the numbers. Baker said the outlook assumes current federal funding paths continue, that the new federal tax/revenue law had not yet been fully incorporated because agencies were still reviewing it, and that the emergency fund line was calculated from recent appropriations without distinguishing specific uses. She also said the vetoed $750 million did not affect the budget stabilization fund because it reverted to unallocated general revenue. No bills were heard, no votes were taken, and the committee adjourned after the presentation and discussion.
FL
Transcript Highlights:
- Public trust regarding vaccines has diminished.
- To fund that program.
- I believe it's a trust issue.
- And that fund is funded with excise taxes, and we're seeing them spend in the billions. ...and billions
- And we must build back public trust when it comes to this.
Committee:
Senate Regulated Industries
Keywords:
vaccine advertisement, manufacturer liability, harmful vaccine, healthcare, court action, smoking regulation, public health, vaping, marijuana, public places, Florida Statutes, alcohol distribution, tax deductions, extraordinary losses, warehouse breakage, regulatory compliance, veterinary, prescription, pharmacy, client rights
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Community Development and Small Businesses May 7th, 2026
Joint Committee on Community Development and Small Businesses
Transcript Highlights:
- , and federal funding.
- , federal funding.
- There were some questions about funding earlier.
- Imagine if you have that funding earmarked to fund part of the Enough Act.
- I mean, there was an initial funder that funded it.
Keywords:
ENOUGH Act, ENOUGH fund, anti-poverty, poverty reduction, community development, place-based grants, distressed neighborhoods, economic mobility, housing and livable communities, community schools, cradle-to-career, child poverty, intergenerational poverty, social services, workforce development, education equity, public health, behavioral health, mental health, affordable housing
MN
Minnesota 2025-2026 Regular Session
Plastic bottle excise tax proposed 3/10/26
Minnesota House Floor Meeting
Transcript Highlights:
- </c> the funds. the funds.
- </c> program and they are highly trusted program and they are highly trusted within<00:05:11.800><c>
- We are very thankful for the past funding.
- We are very thankful for the past funding.
- </c> committee to explore alternative funding committee to explore alternative funding mechanisms<00:
FL
Florida 2026 5th Special Session
Appropriations Oct 8th, 2025
Transcript Highlights:
- So not new funds coming from growth, but funds that we realign across different trust funds, across different
- that we realign across different trust funds, across different types of appropriations and commitments
- The other one is trust fund transfers and redirects.
- So we've always shown, or in recent years... ...we've always shown the trust fund transfers.
- That's transfers coming out of trust funds into general revenue, netted by anything that went the other
Summary:
The committee met to hear Amy Baker’s presentation on Florida’s constitutionally required long-range financial outlook for fiscal years 2026-27 through 2028-29. Baker said the forecast reflects slower but still positive economic growth, continued above-average personal income growth, rising wages, and population growth that is increasingly driven by in-migration as Florida’s senior population expands. She highlighted weakening housing-related revenue, especially documentary stamp taxes, softer consumer sentiment, and the expectation that Florida will pass 25 million residents by 2030, with nearly a quarter of the population age 65 or older.
Baker said the outlook largely retained the March 2025 general revenue forecast, but the Legislature’s 2025 session actions significantly improved near-term funds available by redirecting or freeing up money, including contingency appropriations and reversions. She noted total state reserves are just under $15 billion, or about 30% of general revenue, and that the budget stabilization fund is at its constitutional maximum. The main spending pressures in the outlook were critical needs, led by a new emergency preparedness and response fund transfer and Medicaid growth driven mainly by medical inflation and behavioral analysis costs in managed care, not by caseload growth. Other high-priority needs were also identified, and Baker said the first year shows a projected surplus, but years two and three show shortfalls, meaning fiscal strategies will still be needed.
Members questioned Baker about the accuracy of the forecast, Medicaid managed care costs, the emergency preparedness fund, federal funding assumptions, and whether recent federal legislation was reflected in the numbers. Baker said the outlook is a good representation of the total picture, though the Legislature will likely adjust it as conditions change, and that more information on federal changes would come in later estimating conferences. Senator Trumbull asked about the governor’s veto of $750 million, and Baker said it simply returned to unallocated general revenue rather than being spent or added to the budget stabilization fund. The chair closed by warning members to expect a difficult budgeting process and noting that the committee would adjourn without further action.
WA
Washington 2025-2026 Regular Session
House Community Safety Jan 27th, 2026
Transcript Highlights:
- The bill before you, House Bill 2539, is the bill related to inmate funds.
- Funding for medical care, in which case alternative monitoring must be used.
- So I trust the decisions that they're making.
- That uneven standard weakens oversight and undermines public trust.
- So you're saying that you don't trust that process.
Summary:
The House Community Safety Committee held public hearings on several bills. House Bill 2508, concerning the Office of Independent Investigations (OII), would expand OII’s jurisdiction over deadly-force and related use-of-force incidents, require broader notification and records access from law enforcement and emergency responders, and exempt certain OII investigative records from public disclosure. Rep. Deborah Entenman and OII staff supported the bill as a way to improve independent, transparent investigations, while committee members raised questions about when cases are considered “closed” and how to protect against repeated or harassing investigations. OII representatives said formal reviews are referred to prosecutors, administrative closures are not, and the bill would clarify existing public records protections. Law enforcement and public-interest witnesses were split, with some supporting the expansion and others objecting to added secrecy provisions and questioning safeguards and oversight.
House Bill 2539, as amended by a proposed substitute, would raise the Department of Corrections inmate indigency cap from $25 to $100 so incarcerated people can retain more money for hygiene and basic necessities before deductions are taken. Rep. Chappala Street said the change would help people buy essential items and reduce conflict, while incarcerated witnesses and advocates testified that current deductions leave too little for basic needs and place burdens on families. A committee member questioned whether DOC already provides those items, and Street and supporters responded that provided items are often low quality or insufficient. No vote was taken.
House Bill 2490 would expand extraordinary medical placement for incarcerated people with serious, chronic, or terminal conditions, extending the expected life-expectancy threshold from six months to approximately 18 months and adding clearer DOC review criteria and appeal rights. The prime sponsor and supporters argued the bill would improve humane care, reduce costs, and allow more people to receive treatment in the community when they no longer pose a public-safety risk. DOC said the revised language would reduce legal concerns and allow more time to develop safe placement plans, while opponents of the current system said EMP is underused and people die waiting for decisions. The committee also heard extensive testimony on House Bill 2387, which would tie certain sheriff decertification actions to recall procedures and preserve an elected sheriff’s office unless voters remove them. Supporters, including the sponsor and several sheriffs, said the bill protects voter control and local accountability; opponents, including civil rights and immigrant-rights groups, argued it weakens certification standards, creates unequal accountability for sheriffs, and improperly uses recall-like consequences through statute rather than constitutional process. The chair indicated the committee intended to act on House Bill 2508 the following Monday, February 2.
FL
Florida 2026 5th Special Session
Banking and Insurance Feb 4th, 2026
Transcript Highlights:
- Let's take up Tab 7, Senate Bill 1000, on trust fund interest, on purposes for...
- Let's take up Tab 7, Senate Bill 1,000, on trust fund interest, on purposes approved by the Supreme Court
- I am the CEO of Breit Fund.
- unclaimed property trust fund and funds transferred to the state trust fund.
- unclaimed property trust fund and funds transferred to the state trust fund.
Summary:
The Senate Committee on Banking and Insurance met with a quorum present and heard a full agenda of bills, most of which were reported favorably. Early in the meeting, SB 1000 on trust fund interest for attorney trust accounts was explained as setting a floor and ceiling tied to the Wall Street Journal prime rate and passed without objection after supportive testimony from banking and credit union groups. The committee then took up CS/SB 1082 on a statewide provider and health plan claim dispute resolution program; the sponsor described it as a way to move emergency out-of-network payment disputes away from costly litigation and into an independent dispute resolution process modeled on the federal No Surprises Act. A proposed amendment drew significant questions from senators and concerns from the Florida Insurance Council about confusion over state versus federal eligibility and possible effects on contracted rates, and the sponsor ultimately withdrew the amendment. The underlying bill was then supported by health care and insurance stakeholders and reported favorably. SB 684 on electronic signatures for total loss vehicles and vessels also passed, with Progressive Insurance waiving in support.
The committee next approved CS/SB 158 on pet insurance, which requires continuing education for agents, clearer consumer disclosures, and annual reporting to OIR; the amendment was technical and adopted. SB 1494 on breast cancer screening coverage was presented as expanding required coverage for mammograms and supplemental screenings for certain insurance products, and it passed with support from cancer and radiology groups. CS/SB 314 on digital asset issuers was amended to create a Florida framework for payment stablecoin issuers consistent with the federal GENIUS Act, allowing state-level regulation as an alternative to federal supervision, and was reported favorably. SB 1500 on uncontested probate proceedings, including higher small-estate thresholds and clearer authority for personal representatives, also passed after a banking-related amendment requiring letters of administration for safe deposit box access was adopted.
Later, the committee approved CS/SB 618 on workers’ compensation insurance, which raises the consent-to-rate cap for workers’ comp policies from 10% to 20% and adjusts the Florida Workers’ Compensation Guarantee Association board membership; a carrier representative testified that the change would help keep more high-risk accounts in the voluntary market. CS/SB 1568 on a Florida Stable Coin Pilot Program was amended to remove authority for DFS to create a Florida coin, limit the pilot to existing stablecoins with at least $1 billion market capitalization, and require qualified public deposit handling; it then passed. CS/SB 838 on electronic payments for retail installment contracts clarified that convenience fees for electronic payments are permissible while preserving a fee-free option, and it was reported favorably after questions about consumer access to free payment methods. SB 1452, the Department of Financial Services agency bill, made a wide range of administrative changes affecting My Safe Florida Home, unclaimed property, licensing, bail bonds, and other DFS functions; a late-filed amendment on title insurer appointments was adopted, and the bill passed. The committee also approved SB 1706 on the My Safe Florida Condominium Pilot Program, targeting condo hardening assistance to owner-occupied units meeting income and occupancy criteria, and SB 990 on protected cell captive insurance companies, which the sponsor and industry witnesses said would modernize Florida law and promote insurance competition and economic activity. The meeting ended with all bills on the agenda reported favorably and the committee adjourning without objection.
NH
New Hampshire 2025 Regular Session
House Finance Division II (02/05/2025)
Transcript Highlights:
- c> in the education trust fund that has in the education trust fund that has been<00:50:37.799><c> in
- /c><00:51:09.480><c> by</c> the education trust fund um I think by the education trust fund um I think
- /c> education trust fund that was a education trust fund that was a conversation<01:32:32.199><c> that
- source is the Education Trust Fund.
- <01:56:58.440><c> distributed</c><01:56:59.000><c> to</c> trust fund funds to be distributed to trust
Summary:
The Department of Education’s Bureau of Wellness and Nutrition presented an overview of the school meal and child nutrition programs it administers, including the National School Lunch Program, Fresh Fruit and Vegetable Program, Community Eligibility Provision (CEP), After School Snack Program, Child and Adult Care Food Program, Summer Food Service Program, and Special Milk Program. Staff explained which programs are federally funded through USDA, which have state matching funds, and how reimbursement rates are set for different programs and fiscal years. They also walked the committee through a packet showing reimbursement tables, state and federal funding totals, and eligibility data.
Members focused much of their questioning on how state and federal reimbursements work for lunch and breakfast, why lunch is shown as a state match while breakfast has meal-based breakdowns, and how the department allocates funds in the budget. The department explained that lunch uses a set state match tied to federal requirements, while breakfast reimbursement is based on meals served. They also reviewed FY 22-24 funding trends, noting higher federal spending during COVID-era waivers and lower amounts as those waivers ended. A committee member asked for the data in Excel and the department agreed to provide it.
The discussion also covered summer meal programs and the distinction between the Summer Food Service Program and Summer EBT. Staff explained that SFSP provides meals at approved open or closed sites, while Summer EBT is a separate DHHS-run benefit program that provides funds to families; the two programs coordinate through data sharing but are not the same. Members also discussed CEP, with staff explaining that New Hampshire currently has three schools participating, that the qualifying threshold was reduced from 40% to 25% identified students, and that districts must cover the non-federal share with non-federal funds. No votes or formal actions were taken during the meeting.