Transcript Highlights:

• The appropriations in the bill include $445 million in the general fund, $444 million in severance tax
• bonds, and $280 million in supplemental severance tax bonds. tax bonds, and $280 million in supplemental
• severance tax bonds.
• And then on the severance bonds, are we putting those... toward the projects that will go out in the
• So I would say that we have done that in this bill. because the bonding capacity was really reserved

Bills: SB240

Keywords: capital outlay, capital projects, severance tax bonds, general fund appropriations, supplemental severance tax bonds, UNM School of Medicine, University of New Mexico, infrastructure, state buildings, courts, schools, higher education, road improvements, water and wastewater, tribal infrastructure, tribal projects, public safety, housing, emergency services, bonding

Transcript Highlights:

• Taxes should come from those most able to afford those taxes.
• I want to speak directly to the journalism tax credit and the printer tax credit.
• How we tax people inside the state and tariffs and import taxes are outside of our country.
• Time, tax policy meant what can we afford to give in tax breaks.
• to give a tax break.

Bills: SB240

Keywords: capital outlay, capital projects, severance tax bonds, general fund appropriations, supplemental severance tax bonds, UNM School of Medicine, University of New Mexico, infrastructure, state buildings, courts, schools, higher education, road improvements, water and wastewater, tribal infrastructure, tribal projects, public safety, housing, emergency services, bonding

Transcript Highlights:

• It has a bond bill capacity totaling approximately $392.5 million for three bond issues.
• So with this, the bonds. So with this, the bonds, that's different than capital outlay.
• with the last bond sale, has started taking a little bit of a different approach to selling the bonds
• How often do we do general obligation bonds? Chair, how often do we do general obligation bonds?
• The bonds are paid off.

Bills: HB248, HB309, HB332, SB48

Keywords: general obligation bonds, GO bonds, capital projects, bond election, property tax levy, state debt, state finance, capital outlay, senior centers, senior citizen facilities, aging services, long-term services, libraries, library acquisitions, broadband for libraries, higher education, university capital projects, community colleges, tribal schools, special schools

Transcript Highlights:

• And when we look at the property tax abatement, the way that that works is we look at the current taxes
• they're paying and we freeze those taxes.
• They make a payment in lieu of taxes back to all the taxing authorities.
• Is there a bond related to all MRAs, Mr.
• as a bond program.

Bills: HB248, HB309, HB332, SB48

Keywords: general obligation bonds, GO bonds, capital projects, bond election, property tax levy, state debt, state finance, capital outlay, senior centers, senior citizen facilities, aging services, long-term services, libraries, library acquisitions, broadband for libraries, higher education, university capital projects, community colleges, tribal schools, special schools

Transcript Highlights:

• I mean, you’re going to bond to how much? How much are you going to get in bond? $5.73 million?
• And we’re going to bond this with 30-year bonds. Markita, is that correct? Yes.
• And we’re going to bond this with 30-year bonds? Marquita, is that correct? Yes.
• And we're going to bond this with 30-year bonds? Marquita, is that correct? Yes.
• I want to run a bond scenario.

Bills: SB152, SB145, SB190, HB247

Keywords: telecommunications, low-income assistance, lifeline, broadband, rural broadband, universal service fund, public regulation commission, PRC, 911 surcharge, telecommunications relay service, VoIP, mobile service, internet affordability, digital equity, digital inclusion, rural internet, broadband infrastructure, eligible telecommunications carrier, ETC, tribal consent

Transcript Highlights:

• Leaving billions, we're talking several billions in federal dollars not audited.
• And that's where I struggle because I've gotten that answer from several of you.
• And that's where I struggle because I've gotten that answer from several of you, but that's not in this
• That's the money you draw from in the event that tax dollars don't materialize the way we're anticipated
• Your biggest tranche of reserves is down at the bottom, your tax stabilization reserve, which is at $2.5

Bills: SB152, SB145, SB190, HB247

Keywords: telecommunications, low-income assistance, lifeline, broadband, rural broadband, universal service fund, public regulation commission, PRC, 911 surcharge, telecommunications relay service, VoIP, mobile service, internet affordability, digital equity, digital inclusion, rural internet, broadband infrastructure, eligible telecommunications carrier, ETC, tribal consent

Transcript Highlights:

• They just did $92 million in bonding. Yeah, gave them authority.
• tax permanent fund.
• We're going to get corporate income tax data soon, and it was negative last fall.
• Income taxes, yes. Yeah.
• And so if we don't hold our reserves, we just got our bonding rating, and you hold your reserves at 28%

Bills: SB190, HB247, HB8

Keywords: cancer treatment, revenue bonds, Gila Regional Medical Center, Nor-Lea General Hospital, healthcare funding, capital outlay, capital projects, appropriations, reversion, encumbrance, reauthorization, reappropriation, general fund, capital development and reserve fund, tribal infrastructure project fund, Department of Finance and Administration, DFA, state board of finance, severance tax bonds, tax-exempt bonds

Transcript Highlights:

• It's almost $2.5 million over a 30-year bond for a $5 million piece of equipment.
• And specifically for any of those projects that were funded with severance tax bonds, Specifically, for
• any of those projects that were funded with severance tax bonds, the Board of Finance wanted to ensure
• tax bonds.
• tax bonds.

Bills: SB190, HB247, HB8

Keywords: cancer treatment, revenue bonds, Gila Regional Medical Center, Nor-Lea General Hospital, healthcare funding, capital outlay, capital projects, appropriations, reversion, encumbrance, reauthorization, reappropriation, general fund, capital development and reserve fund, tribal infrastructure project fund, Department of Finance and Administration, DFA, state board of finance, severance tax bonds, tax-exempt bonds

Transcript Highlights:

• I mean, you're going to bond to how much? How much are you going to get in bond? $5.7 million? Yes.
• And we're going to bond this with 30-year bonds. Markita, is that correct? Yes.
• And we're going to bond this with 30-year bonds? Marquita, is that correct? Yes.
• And we're going to bond this with 30-year bonds? Marquita, is that correct? Yes.
• I want to run a bond scenario.

Bills: SB152, SB145, HB2, SB190, HB247

Keywords: telecommunications, low-income assistance, lifeline, broadband, rural broadband, universal service fund, public regulation commission, PRC, 911 surcharge, telecommunications relay service, VoIP, mobile service, internet affordability, digital equity, digital inclusion, rural internet, broadband infrastructure, eligible telecommunications carrier, ETC, tribal consent

Summary: The committee first set aside Senate Bill 247 because the Attorney General and bill sponsor were not present. It then heard Senate Bill 190, which would authorize bonding to help Healer Regional Medical Center in rural southwest New Mexico replace an aging linear accelerator used for cancer radiation treatment. The sponsor and hospital representatives said the equipment is at end of life and that replacing it would keep patients from having to travel long distances for care. The committee adopted a friendly amendment adding an emergency clause, but members then questioned the financing, noting the $5.7 million cost, the lack of local matching funds, and the fact that the equipment’s useful life is only about 10 years while the proposed bonds would run for 30 years. After extended discussion about interest costs and timing, committee members explored alternatives to reduce the state’s borrowing burden, including using existing rural health care funds, federal grant money, or structuring a county lease arrangement rather than issuing bonds. The bill was left pending while staff and the sponsor were asked to look into those options and report back. The committee also briefly heard from the Department of Justice about concerns raised by the Public Education Department regarding Gallup-McKinley and online learning companies; DOJ said investigations were ongoing but it could not say whether a lawsuit would be filed. Members expressed concern about possible large liabilities and discussed bringing the Attorney General and PED Secretary back in executive session. The meeting then shifted to House Bill 2 and related budget matters. Staff walked members through numerous line items, flagging some as potentially duplicative, unspent, or in need of further review, including attorney general litigation funds, rural health, education, transportation, tourism, energy, and economic development items. The committee adopted the “grow” spreadsheet after members said they had reviewed it, and then discussed reserve targets. Staff presented several scenarios to raise reserves from about 26.7% toward the 27.5% target, including cuts to natural resource, environmental, higher education, and transportation appropriations. Members generally favored a flexible “scenario five” approach and were reluctant to sweep older capital outlay projects immediately, preferring to wait until the capital outlay changes bill is resolved. The committee planned to continue the budget discussion the next morning.

Transcript Highlights:

• It's the one gift that keeps on giving, uh, that precludes the ability to increase taxes because we're
• </c> precludes the ability to increase taxes precludes the ability to increase taxes because<00:11:42.399
• </c><00:26:02.799><c> code</c> associated tax code associated tax code and<00:26:04.960><c> that's</c
• It can file tax returns. It can contract with banks. It can have a bank account.
• </c> work with them over the ensuing several work with them over the ensuing several years<01:14:48.800

Bills: HB0075, HB0128

Keywords: virtual currency, kiosk, financial institutions, regulation, Wyoming Money Transmitters Act, penalties, severance tax, oil production, tax exemption, energy sector, economic impact, 916, all

Transcript Highlights:

• </c><01:12:47.920><c> tax</c> enhanced oil recovery severance tax enhanced oil recovery severance tax
• tax actually affects that the severance tax actually affects anything. anything. anything.
• Gas is never included in this uh severance tax reduction.
• Gas is never included in this severance tax reduction.
• </c><01:42:42.880><c> tax</c> included in this uh severance tax included in this uh severance tax reduction

Bills: HB0075, HB0128

Keywords: virtual currency, kiosk, financial institutions, regulation, Wyoming Money Transmitters Act, penalties, severance tax, oil production, tax exemption, energy sector, economic impact, 916, all

Transcript Highlights:

• They just did $92 million in bonding. Yeah. Gave them authority.
• tax permanent fund.
• We're going to get corporate income tax data soon, and it was negative last fall.
• and GRT dropped in the income taxes, yes.
• And so if we don't hold our reserves, we just got our bonding rating, and you hold your reserves at 28%

Bills: SB190, HB247, HB2, HB8

Keywords: cancer treatment, revenue bonds, Gila Regional Medical Center, Nor-Lea General Hospital, healthcare funding, capital outlay, capital projects, appropriations, reversion, encumbrance, reauthorization, reappropriation, general fund, capital development and reserve fund, tribal infrastructure project fund, Department of Finance and Administration, DFA, state board of finance, severance tax bonds, tax-exempt bonds

Summary: The committee reviewed drafting instructions and spending sheets for House Bill 2, focusing on both recurring and nonrecurring appropriations, reserve levels, and several late changes. Staff explained that the package would leave reserves around 28% under the current scenario, with the possibility of rising to about 30% if a separate natural disaster reform bill is enacted. Members discussed how disaster funding would be handled through a replacement Section 8 and the appropriation contingency fund, and whether the operating reserve could be tapped with explicit authorization. There was also clarification on fund types, including other state funds and interagency transfers, and on how line items were reflected in the spreadsheets. A major point of debate was how to offset additions by reducing funding elsewhere. Members discussed shifting money from the state fair/multipurpose arena request, the Office of Natural Resources Trustee, and other capital items to accommodate changes. Several senators raised concerns about cutting the Office of Natural Resources Trustee too deeply and about the purpose of those funds, including possible land purchases and floodplain mitigation in Ruidoso. The committee also discussed whether the state fair money should be reduced, with some members supporting a $25 million restoration and others preferring to leave the executive’s request intact. Staff noted that some reductions were not true cuts but swaps or offsets, such as moving local road money and using excess capital outlay reserves. Other corrections and policy items were addressed, including an increase for UNM and NMSU stadium funding, a correction to a project distribution on line 105, and funding for the Health Council. Members also noted that the public employee 1% raise was no longer funded because recurring capacity was used elsewhere, and that no COLA was included. After discussion, Senator Woods moved to adopt the drafting instructions, Senator Gonzalez seconded, and the motion passed without objection. The committee then directed staff to prepare a catch-up cleanup version of House Bill 2 for later review and said House Bill 8 would be taken up the next morning.

Transcript Highlights:

• </c><00:47:59.920><c> tax</c> locations for uh this uh severance tax locations for uh this uh severance
• And on the severance tax side, Representative Keville said he's getting some criticism on that.
• I think it's important to know that what a severance tax reduction in this bill would do is it would
• And on the severance tax side, Representative Keville said he's getting some criticism on that.
• I think it's important to know that what a severance tax reduction in this bill would do is it would

Bills: HB0120, HB0043, HB0128

Keywords: energy production, natural gas, industrial sovereignty, manufacturing, tax exemptions, money laundering, illegal investment, financial institutions, criminal activity, Wyoming legislation, severance tax, oil production, tax exemption, energy sector, economic impact, 916, all

Bills: HB0120, HB0043, HB0128

Keywords: energy production, natural gas, industrial sovereignty, manufacturing, tax exemptions, money laundering, illegal investment, financial institutions, criminal activity, Wyoming legislation, severance tax, oil production, tax exemption, energy sector, economic impact, 916, all

Transcript Highlights:

• This tax would be in effect until the latter of either 30 years after the last issued bonds or the latter
• </c> sales tax, matters. sales tax, matters.
• tax.
• . severed. severed.
• </c> through this tax. through this tax.

Bills: HF4841, HF4234, HF3697

Keywords: Hennepin County, sales tax, health care facilities, ballpark improvements, tax revenue, HF4234, Minnesota private activity bonds, tax-exempt bonds, bond cap, aggregate bond limitation, residential rental projects, multifamily housing, affordable housing finance, housing bonds, public finance, bond allocation, private activity bond cap, Minnesota Statutes 474A.02, tax committee, tax refund

Transcript Highlights:

• tobacco products tax and the alcohol excise tax.
• tax bill.
• The state has a tax, the county has a tax, and now the city has a tax.
• A child tax credit bonus for newborn babies can bring about several benefits.
• That tax base erosion is causing tax increases.

Bills: HF2730, HF2257, HF2768, HF1932, HF2437

Keywords: local government debt, municipal bonds, county bonds, capital improvements, public financing, bond issuance, public hearing, notice period, bond guarantee, Minnesota Public Facilities Authority, volume cap, private activity bonds, housing finance, residential rental bonds, LIHTC, low-income housing tax credits, redevelopment, courthouse financing, jail financing, law enforcement center

Transcript Highlights:

• . taxes. taxes.
• The state has a tax, the county has a tax, now the city has a tax.
• ,</c> state has a tax, the county has a tax, state has a tax, the county has a tax, now<01:05:15.280>
• A child tax credit bonus for newborn babies can bring about several benefits.
• A child tax credit bonus for newborn babies can bring about several benefits.

Bills: HF2730, HF2257, HF2768, HF1932, HF2437

Keywords: local government debt, municipal bonds, county bonds, capital improvements, public financing, bond issuance, public hearing, notice period, bond guarantee, Minnesota Public Facilities Authority, volume cap, private activity bonds, housing finance, residential rental bonds, LIHTC, low-income housing tax credits, redevelopment, courthouse financing, jail financing, law enforcement center

Transcript Highlights:

• of the original bond.
• That it would "repurpose" bond funds from the district's 2018 bond program.
• Bonds cannot be used for operating expenses, correct, under the INS tax rate.
• Every bond is an increase in taxes, and Texas has a...
• A little bit quicker, and that's why we see the next bond election, you know, a no tax increase bond

Bills: SB414, SB621, SB2395

Keywords: bond election, ballot proposition, debt obligation, municipal bonds, local government finance, property tax, ad valorem tax, school district bonds, county bonds, special taxing district, voter information document, public debt, municipal finance, tax-supported debt, election ballot language, bond transparency, homestead tax impact, capital improvements, general obligation bonds, public bank

Transcript Highlights:

• And one piece of that puzzle is that every state gets a set amount of federal tax-exempt bonds.
• is our tax exempt bonding bill and just is our tax exempt bonding bill and just a<00:02:00.040><c> little
• </c> gets a set amount of federal tax-exempt gets a set amount of federal tax-exempt bonds.<00:02:17.920
• </c><00:02:37.959><c> need</c><00:02:39.080><c> in</c> tax-exempt bonds a project would need in tax-exempt
• <c> the</c> tax-exempt bond allocation because the tax-exempt bond allocation because the pool<00:02:

Bills: HF4234, HF3697, HF1183, HF4738

Keywords: HF4234, Minnesota private activity bonds, tax-exempt bonds, bond cap, aggregate bond limitation, residential rental projects, multifamily housing, affordable housing finance, housing bonds, public finance, bond allocation, private activity bond cap, Minnesota Statutes 474A.02, tax committee, tax refund, Minnesota Statutes, time limit, claims, tax overpayment, taxation

Transcript Highlights:

• We have several bills that are considered tax bills, which means that what we will do is we will hear
• it be a weight-distance tax, motor vehicle excise tax, gas, diesel tax, registration fees, driver's
• And there is an EV tax, or not a tax, but an EV registration fee that was attached to the bonding bill
• They taxed groceries, they taxed whiskey, and they taxed peddlers.
• They taxed groceries, they taxed whiskey, and they taxed peddlers.

Bills: SB36, SB88, SB92, SB97, SB48, SB55, SB58, SB76, SB93, SB89, SB60

Keywords: quantum technology, tax credit, infrastructure, economic development, New Mexico, corporate tax, research and development, innovation, foster care, income tax, guardianship, youth services, financial relief, affordable housing, gross receipts tax, tax deduction, construction materials, multifamily housing, low income, tax credits