Transcript Highlights:

• increase?
• Because where I think issues are coming into play is larger counties, or their valuations are increasing
• But I'm not sure I can think of any that are dropping, but they probably aren't increasing in valuation
• I can't think of any that are dropping, but they probably aren't increasing in valuation, and that's
• of valuations are.

Keywords: 908, all

Transcript Highlights:

• year we replicate the actual valuations year we replicate the actual valuations for<00:05:27.759
• , the most recent valuation.
• , the most recent valuation.
• , the most recent valuation.
• , the most recent valuation.

Keywords: 1187, senate, all

Transcript Highlights:

• The change in valuation did increase the full cash value. ...in respectful opposition to HB 2261.
• The change in valuation did increase the full cash value of the crops. So they were out of date.
• The change in valuation did increase the full cash value of the crops.
• But regardless of what the full cash value is increased to, it can only be increased up to 5%.
• But regardless of what the full cash value is increased to, it can only be increased up to 5%.

Bills: HB2120, HB2173, HB2261, HB2786, HB2792

Keywords: property tax exemption, disability, veterans, widows, income limits, Arizona Revised Statutes, property tax, electronic communication, tax assessment, tax correction, real estate, agriculture, tax classification, land use, nonprofit organizations, transaction privilege tax, tax exemption, textbook rental, education, business leasing

Summary: The House Ways and Means Committee heard and advanced several tax-related bills. HB 2261, by Rep. Griffin, would rename and clarify the agricultural real property classification in statute to align with court rulings on valuing permanent crops such as orchards and vineyards under the income approach. Supporters argued it codifies existing law and avoids unnecessary litigation costs, while county assessors and the Arizona Association of Counties opposed it, asking the committee to wait for the pending Arizona Supreme Court case. After discussion about the court history and valuation methods, the committee passed HB 2261 on a 5-3 vote with one absent. The committee then unanimously or near-unanimously advanced HB 2173, which allows tax officers and taxpayers to use electronic responses for notices of proposed correction and notices of claim unless certified mail is required. County assessors supported the bill as a modernization that could reduce delay, paper, and postage costs, and members discussed whether the statute should require periodic reauthorization of email contact. HB 2120, which adds the Social Security Administration to the definition of competent medical authority for property tax disability exemptions, also passed, though one member voted present and another no while seeking more information about how it would interact with existing disability documentation requirements. Two additional bills were also approved. HB 2786 would extend a tax deduction to gross proceeds from leasing or renting textbooks required by state universities or community colleges, including digital textbook rentals, and was supported as student relief and tax parity for rental versus physical books. HB 2792 would fully exempt from property tax the primary residence of a veteran with a 100% service-connected disability, and would treat a jointly owned primary residence as fully owned by the veteran for exemption purposes; assessors said the bill was a needed cleanup measure to clarify implementation. Both bills received strong support and were returned with do-pass recommendations, and the committee adjourned after completing the agenda.

Transcript Highlights:

• <00:02:33.959> in some values or shifts or increases in some values or shifts or increases
• valuation if you have concerns of that valuation.
• you're getting uh that that valuation you're getting uh that that valuation notice<00:09:00.600>
• increase in property taxes.
• homestead valuation.

Keywords: 1183, house

Transcript Highlights:

• And the rates of service-based salary increases — those are the pay increases due to things like promotions
• And the purpose of the 2025 valuation is twofold.
• There’s a lot going on in these valuations.
• increases.
• This is capturing a two-year increase. This is capturing a two-year increase.

Keywords: 904, all

Transcript Highlights:

• trying to move the uh or okay increase trying to move the uh or okay increase the<00:01:24.680><
• This bill increases that to 15%.
• property values downtown and increasing property values downtown and increasing the<00:47:47.280
• , increase the value of our downtown buildings and the downtown tax base, and increase our population
• , increase the value of our downtown buildings and the downtown tax base, and increase our population

Bills: HF1746, HF2585, HF1159, HF2574, HF2839, HF157, HF158, HF160, HF338, HF512

Keywords: Oakdale, tax increment financing, local government, funding, urban development, tax increment, St. Paul, redevelopment, housing authority, housing trust fund, low-income housing, property taxation, Minnesota statutes, vacant property, housing, commercial to residential conversion, Minneapolis, urban redevelopment, public parks, tax capacity

Transcript Highlights:

• all of the increase in the liability. all of the increase in the liability.
• derivative of that increase in usage. derivative of that increase in usage.
• considerable increase from last year. considerable increase from last year.
• employer increases.
• <01:25:56.159> in increases in salary or increase in increases in salary or increase in number

Keywords: 958, all

Summary: The meeting opened with a quorum call, the Pledge of Allegiance, a prayer, and approval of the prior meeting minutes. The first presentation was from Bo Craycraft of the Judicial Form Retirement System, who gave an update on investment performance, asset allocation, cash flow, and projected employer costs. He reported strong fiscal year 2025 investment results, with both the legislative and judicial retirement plans outperforming their actuarial assumed rates of return and benchmarks, driven largely by U.S. equity performance. He also noted the plans remained near their target asset allocation and continued to experience negative cash flow, though he said that was manageable in context of strong asset growth. Craycraft then discussed a recent experience study and actuarial assumption changes, especially a revised salary growth assumption and a higher cash balance interest credit rate. He said these changes increased projected employer costs, with contributions rising from about $700,000 to a projected $2 million in later years, though he expected the eventual 2025 valuation and investment gains to reduce that estimate. Members asked about mortality assumptions, the impact of the experience study on liabilities, and the sharp increase in the judicial plan’s projected employer cost. Craycraft explained that the increase was driven mainly by the updated assumptions and that no other major plan changes were involved. At the chair’s request, Craycraft also addressed the recent rise in Medicare Advantage premiums for the plan’s health coverage, saying the 2025 increase was largely tied to Part D changes and the Inflation Reduction Act and had been about 45%, but that future growth was expected to be under 5%. After his presentation, the committee moved to the Kentucky Public Pensions Authority update, where the next speaker began by saying the funds had exceeded actuarial assumed returns for the fiscal year.

Transcript Highlights:

• Employee share of the House increases $184 million.
• or a 3% increase or a 6% increase as much as we'd like to do it.
• Increase as much as we'd like to do it.
• They have significantly increased.
• That's probably more than the 20% pay increases.

Bills: SB151, HB8, SB177

Keywords: corporate income tax, franchise tax, gross receipts tax, tax credit, tax deduction, controlled foreign corporation, CFC, bonus depreciation, interest expense, apportionment, unitary group, high-wage jobs tax credit, local journalism, news media, newspaper printer, physician incentive, health care workforce, affordable housing, multifamily housing, construction materials

Transcript Highlights:

• But over the past five years, in pay increases, we've done 20%.
• In the last five years, in pay increases, we've done 20% for the amount of $1,320 million in pay increases
• pensions cost us $116 million a year, for a total of $1.6 billion over the last four years for pay increases

Bills: SB151, HB8, SB177

Keywords: corporate income tax, franchise tax, gross receipts tax, tax credit, tax deduction, controlled foreign corporation, CFC, bonus depreciation, interest expense, apportionment, unitary group, high-wage jobs tax credit, local journalism, news media, newspaper printer, physician incentive, health care workforce, affordable housing, multifamily housing, construction materials

Transcript Highlights:

• This bill is a significant tax increase on investment.
• And how much are we increasing taxes in this bill? Thank you.
• It's got to be the tax increase side of it, doesn't it? Mr.
• We think, obviously, to a net increase in revenue.
• So they have an increased $30 million, probably over there.

Bills: SB151, HB8, SB177

Keywords: corporate income tax, franchise tax, gross receipts tax, tax credit, tax deduction, controlled foreign corporation, CFC, bonus depreciation, interest expense, apportionment, unitary group, high-wage jobs tax credit, local journalism, news media, newspaper printer, physician incentive, health care workforce, affordable housing, multifamily housing, construction materials

Transcript Highlights:

• With Senate Bill 76, this increases the gas tax from 17 cents to 23 cents per gallon and increases the
• Madam Chair, members, we have not had an increase on this since the early 1990s.
• So a nominal increase in the gas tax is far less than brand-new tires every couple of years.
• These are often self-supply systems built to reduce strain on the grid, not increase it.
• Increasing strain on New Mexico's grid threatens public safety.

Bills: SB251, SB150, SB154, SB73, SB111, SB172, SB76, SB181, SB235

Keywords: horse racing, program training, program owning, state licensing, racehorses, regulation, local news, newspaper printing, journalism, media tax credit, print media, digital news, news publisher, newsprint, press operator, printing industry, local journalism, tax credit, income tax, corporate income tax

Bills: SB251, SB150, SB154, SB73, SB111, SB172, SB76, SB181, SB235

Keywords: horse racing, program training, program owning, state licensing, racehorses, regulation, local news, newspaper printing, journalism, media tax credit, print media, digital news, news publisher, newsprint, press operator, printing industry, local journalism, tax credit, income tax, corporate income tax

Bills: SB251, SB150, SB154, SB73, SB111, SB172, SB76, SB181, SB235

Keywords: horse racing, program training, program owning, state licensing, racehorses, regulation, local news, newspaper printing, journalism, media tax credit, print media, digital news, news publisher, newsprint, press operator, printing industry, local journalism, tax credit, income tax, corporate income tax

Transcript Highlights:

• which means we are assured that there will be services and infrastructure available to support the increased
• densities and intensities of these zones, and the zone will actually increase transit ridership and
• As we continue to strengthen the policy that's helping increase workforce and affordable housing across
• This bill requires a county referendum that proposes a tax increase to include a local government spending
• Throughout numerous states, electricity costs are increasing, mainly because of a spike in electricity

Bills: S0484, S0698, S0706, S0968, S1118, S1122, S1134, S1320, S1342, S1548, S1614

Keywords: data centers, large load customer, large-scale data center, electric utility, public utility tariff, Florida Public Service Commission, FPSC, water permit, consumptive use permit, reclaimed water, groundwater, surface water, water management district, DEP, OPPAGA, economic development, land use, comprehensive plan, zoning, ratepayer protection

Summary: The committee heard several housing, local government, utility, and transparency bills. SB 1342 on transportation infrastructure and land development regulations, by Sen. Rouson, was presented as a housing-affordability measure modeled on the Live Local Act for transit corridors. After adopting an amendment that removed the bill’s compelling-governmental-interest language in enforcement provisions, the committee heard testimony from local-government and housing interests both supporting and opposing the bill’s zoning preemption approach. The bill was reported favorably. The committee also reported favorably CS/SB 1614, by Sen. Leek, which was amended to remove stormwater and code-enforcement spending provisions and to tighten restrictions on local governments seeking state appropriations after audits or without required affirmations. SB 1548, the next Live Local Act iteration by Sen. Claddie Ude, was also reported favorably; it expands where Live Local projects may be located and adds fair-housing protections. SB 968 on home backup power systems, by Sen. McLean, was reported favorably after testimony from builders and energy-related stakeholders, with the sponsor noting he was still working on amendments to refine permit provisions. The committee then approved CS/SB 698, by Sen. Martin, which allows building permits for single-family homes to be issued before septic permits are finalized if application has been made, while still requiring septic approval before occupancy. Builders testified that septic permit delays were causing lengthy project delays and contract cancellations. The committee also reported favorably SB 1320, by Sen. Martin, requiring county tax-increase referenda to include a Department of Financial Services spending analysis if available; the sponsor said the goal was to give voters more standardized fiscal information, while opponents argued existing law already provides similar transparency. SB 484, by Sen. Avila, on data centers, was reported favorably after an amendment adding a knowledge requirement to the foreign-country-of-concern service prohibition; the bill addresses local planning authority, nondisclosure agreements, utility tariff requirements, and water-use limits for large data centers. The committee also reported favorably SB 1118, by Sen. Avila, creating a one-year public-records exemption for data-center location and proprietary information, with testimony split between economic-development supporters and transparency concerns. Finally, the committee took up SB 706, by Sen. Mayfield, preempting naming of major commercial service airports to the state and designating Palm Beach International Airport as Donald J. Trump International Airport subject to federal and trademark conditions; it was reported favorably after questions about local input and airport naming. The committee then heard extensive public testimony on SB 1134, by Sen. Yarbrough, which would prohibit counties and municipalities from funding, promoting, or taking official actions related to DEI and would create penalties and a private right of action for residents. The sponsor argued the bill was aimed at preventing taxpayer-funded DEI programs and cited examples from Jacksonville and other jurisdictions; opponents said the bill was vague, overbroad, and would chill local programs, public education, and civil-rights-related activities. The transcript ends during continued public testimony on SB 1134, with no final committee action shown in the excerpt.

Transcript Highlights:

• This bill is crafted with the intent to increase protections for peace officers, parole officers, community
• This bill increases the penalty for such assaults.
• And addresses the issue of criminal offenses committed by illegal or unauthorized aliens by increasing
• And there is an increased affirmative duty if it is, I think, sexual abuse, for professionals.
• And so we're increasing the limitation by one year per classification here.

Bills: SB1099, SB1896, SB1980, SB127, SB614, SB955, SB1278, SB1372, SB1936, SB1937, SB2580, SB2595, SB2798

Keywords: SB 1099, illegal alien, undocumented immigrant, unauthorized immigrant, immigration status, felony sentencing enhancement, criminal penalty increase, Texas Penal Code, Code of Criminal Procedure, affirmative finding, judgment finding, deportation, public safety, immigration enforcement, sentencing reform, felony offense, first-degree felony, minimum sentence, Criminal Justice, Criminal Jurisprudence

Transcript Highlights:

• program... ...for about 20 years, but in just the past 10 years, multiple new fund managers have increased
• So while we made a step forward to wiping them out, what this bill seeks to do is increase funding.
• The Senate bill does not remove the $30 million cap, as we found additional funding to increase the 2604
• You know, I think the real important thing is that we get the fund increased, which we did, but we need
• It does not increase the overall amount of compensation available.

Bills: HB 104, HB2054, HB3459, HB3745, HB4486, HB4488, HB4601, HB104

Keywords: Texas Future Fund, investment review board, economic stabilization, innovative technology, national defense, HB 2054, Texas volunteer fire department assistance fund, Rural Volunteer Fire Department Assistance Program, volunteer fire departments, wildfire mitigation, wildland fire, rural fire protection, insurer assessment, insurance premium tax, state appropriations, firefighting grants, emergency services, high-risk wildfire areas, Texas Comptroller, Texas Government Code

Transcript Highlights:

• state was making a substantial increase state was making a substantial increase in<00:27:17.159>
• > increase you increase you increase swept<03:14:22.120> you're<03:14:22.399> increasing
• increasing swept at the same time, so you're increasing revenue at the same time.
• in valuation that was disproportionately higher than the average increase in valuation across the state
• in valuation<03:18:20.359> across<03:18:20.760> the valuation across the valuation across

Keywords: 928, house, all

Summary: The committee held a work session focused on school funding formulas, adequacy aid, and special education aid, with the chair outlining a schedule for the next several Tuesdays and noting that the committee would likely need multiple executive sessions to narrow down the bills. Members discussed the FY 26 formula, including base cost, differentiated aid, extraordinary needs grants, hold harmless provisions, and the roughly $28 million in excess statewide education property tax (SWP) funds that are not currently returned to the state under the existing formula. The first bill discussed was HB 137, which would allow excess SWP funds to remain with the local municipality for school and municipal purposes. Representative Spilsbury argued the issue is fundamental and suggested the state should require excess funds to be remitted back to the state, while Representative Damon said the bill appears to codify current practice and may be unnecessary, especially given possible court action. The discussion then shifted to a related bill from Representative Fellas that would redefine SWP as local money rather than state money and keep the current adequacy aid numbers revenue-neutral for now. Representative Fellas explained that SWP was created in 1999 after the Claremont lawsuit as part of the state’s effort to show increased school aid, but that it effectively labeled part of the local property tax as state money without changing property tax bills. She argued the state should not be tapping local property tax revenue and said her bill would preserve the current distribution while removing the SWP tax label, with future work possible on a different measure of local capacity such as income, home values, or poverty rate. Members also referenced prior discussions of fiscal capacity aid, relief aid, and other formula changes as part of the broader effort to restructure school funding.

Transcript Highlights:

• > the<00:25:52.080> current that's an increase from the current that's an increase from
• <00:25:59.600> from So that represents an 18% increase from So that represents an 18% increase
• >> That's they're expecting the valuation >> That's they're expecting the valuation
• Do see those kinds of increases again.
• We have um a increased amount.

Keywords: Meeting Start: 00:00:35 Attendance Roll Call: 00:00:55 Approval of Minutes: 00:02:56 Deferred Compensation Authority Update: 00:03:12 Retiree Health Update - TRS: 00:15:58 Retiree Health Update - KPPA: 00:56:13 Adjournment: 01:20:33, 958, all

Summary: The Public Pension Oversight Board received updates from the Kentucky Public Employees Deferred Compensation Authority and the Teachers Retirement System. Chris Biddle reported that deferred compensation assets had grown to about $4.787 billion with roughly 88,000 participants, crediting auto-enrollment, targeted marketing around pay raises, and retiree-focused services. He said the board’s self-directed brokerage account, authorized by last year’s legislation, is being designed around a $40,000 account-balance threshold with up to 25% transferable into the brokerage window, tentatively for July 1 of the coming year. He also described the free financial planning program, which has been used by about 3,300 to 3,500 participants with an 87% return rate, and noted that the plan is currently in a fee holiday; members asked about the fee structure and whether the CFP service is provided through Nationwide, which Biddle confirmed. Board members praised the deferred compensation program’s growth and asked for the legislation referenced by Biddle. He said the plan’s annual fees are capped, with a $1 monthly fee plus other charges up to a $225 cap, for a maximum of $237 per year absent a managed account. He also said the program is seeking unified payroll access to expand participation, especially among teachers, and that prior lineup changes saved about $6 million annually in participant fees. Bo Barnes of TRS then addressed retired teachers’ health insurance, first clarifying a prior question about declining federal contributions to the retirement annuity trust. He explained that federally funded school positions generated contributions that rose from $72 million in 2019 to $109 million in 2022, then fell to $85 million this year, with a projection of $80 million over the next three years; if those dollars do not come from federal sources, they would have to be replaced through the SEEK formula. Barnes then reviewed TRS health coverage, explaining that the statutory contract guarantees access to group coverage but not fixed premium levels, and that TRS administers two retiree plans: KEHP for retirees under 65 or otherwise not Medicare-eligible, and MEHP for retirees 65 and older or Medicare-eligible. Barnes said TRS completed RFPs for the 2026 plan year, retaining Express Scripts for prescription drugs and switching the Medicare Advantage medical provider from UnitedHealthcare to Humana, while keeping plan design, provider access, out-of-pocket costs, and benefits materially unchanged. He noted a modest hearing-aid improvement of $500 per ear beginning in 2026. He also reported that the TRS Board approved the maximum state contribution for KEHP at $1,044.96, up from $930.76, an 18% increase that he said would require about $15 million to $16 million more annually, while the MEHP premium would drop from $210 to $200 per month because of the new contract. Using the 2024 valuation, he said the KEHP increase would slightly reduce the health trust funded ratio from 80.4% to 80.1% and raise unfunded liability from $4.036 billion to $4.051 billion. Barnes closed by reviewing the 2010 shared-responsibility reforms that shifted retiree health costs away from a pay-as-you-go model, including phased employee and district contributions and Commonwealth stabilization funding. No votes were taken beyond approval of the minutes.

Transcript Highlights:

• The question is valuation: what is the market or marketability of any of these improvements that are
• You need to be able to rebut that presumption that the valuation is correct.
• So that would potentially be a factor into determining the valuations. It didn't get used.
• This current valuation, because Chile didn't even know that was an option.
• You know, another concern or issue is that there can only be a 3% increase per year.

Transcript Highlights:

• year 2024 and is projected to increase year 2024 and is projected to increase to<01:06:00.320>
• And third, we have the special use valuation, which is a preferential valuation provision within the
• , which is a preferential valuation, which is a preferential valuation<01:19:54.040> provision
• review presentation is a special use valuation, which is a preferential valuation provision within the
• is a preferential valuation which is a preferential valuation provision<01:27:36.160> within<

Keywords: 919, house, all

Summary: The Tax Expenditure Review Commission met on June 17, 2026, approved the January 20, 2026 minutes, and then adopted updated commission procedures. The procedural changes, presented by Legislative Budget Office Director Christian Larson, required a quorum of voting members to complete evaluations before a formal recommendation vote, and allowed members to bundle or unbundle tax expenditures for voting. The commission approved the revised procedures by roll call vote, with five ayes and four excused. The commission then reviewed member evaluation summaries for tax expenditures presented in December 2025 and January 2026. It first considered the alcoholic beverage tax credits for small brewers and microdistilleries, and after discussion voted to recommend repeal of those two expenditures, while leaving the small winery credit for a later meeting because it lacked enough member responses under the new procedures. The vote on the repeal recommendation passed 4-1, with Commissioner Marquart voting no. The commission next approved the lawful gambling bundle, which included bingo, raffle, and related exemptions. Larson reported that most members recommended continuation for each item, and the commission voted to recommend continuing all six lawful gambling expenditures. It then reviewed the residential utility services bundle—residential heating fuels, residential water services, and sewer services—where members generally favored continuation but several noted possible modifications or caps for higher-income users; the commission voted to recommend continuation of the bundle. Finally, the commission reviewed the data center equipment sales tax exemption, which Larson said had an estimated annual revenue loss of $95 million and was intended to create jobs in construction and data center industries. Members raised questions about its effectiveness and whether the exemption should be modified or capped, but the commission ultimately voted to recommend continuation. The meeting concluded with these recommendations set to be included in the commission’s 2026 annual report.