Video & Transcript DataContr Research : 'anticipation notes'

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TX

Texas 2025 - 89th Regular

Pensions, Investments & Financial Services Mar 24th, 2025 at 10:03 am

House Pensions, Investments & Financial Services Committee

Transcript Highlights:
  • The tax anticipation notes have a seven-year maturity.
  • notes.
  • Tax anticipation notes on a CO is what, 20, 25, 30 years?
  • And anticipation notes, though.
  • The tax anticipation notes are also city council approved, you know, with the city manager, and they're
Summary: The meeting of the committee involved discussions surrounding multiple bills focusing on financial legislation, including crucial developments related to certificates of obligation (COs). Representative Tepper presented HB1453, which aimed to increase voter input regarding local government debt issuance and address growing concerns about financial accountability. The discussions highlighted the recent trends in CO debt, particularly in areas like El Paso, which has seen a dramatic rise in local government debt without direct voter approval. Several members voiced their support and concerns regarding the bill's implications for taxpayer rights and community involvement in financial decision-making.
TX

Texas 2025 - 89th Regular

Pensions, Investments & Financial Services May 12th, 2025 at 08:05 am

House Pensions, Investments & Financial Services Committee

Transcript Highlights:
  • Are bonds only anticipation notes, or do bonds include...
  • I believe that under Section 1, they utilize the term "anticipation note" to pay.
  • Three talks about anticipation notes.
  • Is it an anticipation note?
  • As you've heard, there was an abuse of tax anticipation notes, absolutely.
Bills: SB512, SB1024
Summary: The meeting focused on the discussion of two significant pieces of legislation: SB512 and SB1024. SB512 aims to protect users of money transmission services by preventing penalties imposed by service providers for violating terms of service. Representative Hayes explained that this bill responds to troubling practices observed among money service businesses. Public testimonies were presented both in support and opposition to the bill, highlighting concerns over First Amendment rights and the implications for consumer protection. The committee ultimately left the bill pending for further consideration. In contrast, SB1024 addresses public finance issues, specifically the misuse of voter-rejected projects through certificates of obligation and tax anticipation notes. Senator Betancourt described instances where municipalities have circumvented voter will by issuing debt for projects previously rejected in elections. The committee heard extensive public testimony critiquing the proposed restrictions in the bill, with arguments centered around the potential unintended consequences for local governments and necessary infrastructure projects. Both bills generated lively discussions among committee members, leading to wider considerations of public finance ethics and the relationship between voters and local governments.
TX

Texas 2025 - 89th Regular

Senate SessionReading and Referral of Bills Feb 24th, 2025

Texas Senate Floor Meeting

Transcript Highlights:
  • ...anticipation notes and certificates of obligation to local
  • span marker="55" data-time="324">Senate Bill 1037 by Sparks relates to the issuance of certain anticipation
  • notes and certificates of obligation to local government.
Summary: The meeting covered a wide range of bills focusing primarily on education, healthcare, and various public welfare issues. Notable discussions included Senate Bill 1046, which seeks to enhance state employment opportunities for individuals without a bachelor's degree, spearheaded by Parker, Hall, and Eckhart. This bill was met with significant support, reflecting the committee's commitment to inclusive employment practices. Another important topic was Senate Bill 1077 concerning protective orders against family violence, which provoked discussions on legal amendments that could improve protection for vulnerable individuals. These topics elicited input from a variety of stakeholders, including legal experts and advocacy groups, who provided testimonies that enriched the discussion.
TX

Texas 2025 - 89th Regular

S/C on Academic & Career-Oriented Education Mar 5th, 2025 at 02:00 pm

House S/C on Academic & Career-Oriented Education

Transcript Highlights:
  • This is a $495 million dollar fiscal note?
  • Let me find my notes. One of them, P-TECH, extends that program from $50.
  • This is a $495 million fiscal note? It's about two hundred, yes, and fifty.
  • Because it's anticipated that you're going to have to have a core basis.
  • It's anticipated that we do that in 9th and 10th grades.
Bills: HB20, HB120
Summary: The meeting focused on significant discussions surrounding career and technical education, particularly in relation to House Bills 120 and 112. Various representatives and experts testified on the importance of enhancing CTE accessibility for students, especially those in economically disadvantaged and rural areas. Notably, there was strong advocacy for integrating current job market needs into curriculum offerings, including emerging fields like artificial intelligence. The committee heard passionate arguments about the need for better funding for guidance counselors and CTE programs to prepare students for high-demand jobs, while ensuring they can earn post-secondary credits.
TX

Texas 2025 - 89th Regular

Finance (Part II) Feb 11th, 2025

Senate Finance Committee

Transcript Highlights:
  • This notes the amount of funding anticipated to be received

  • In fact, there should be 10 FTEs noted with this item.
  • I found my note now.
  • The program was intended to be self-funded from fees, and the bill's fiscal note anticipated a ramp-up
  • Also, I noted that.
Bills: SB1
Summary: The meeting included a comprehensive discussion on various upcoming budget recommendations impacting the Railroad Commission and water funding allocations. Significant dialogue focused on Senate Bill 30, which addresses water funding appropriations crucial for developing and maintaining the state's water infrastructure amidst growing demand. Testimonies from various stakeholders emphasized the urgency of addressing water resource issues in Texas, given the state's increasing population and the forthcoming infrastructure needs. Additionally, climate change impacts and funding challenges were heavily underscored by the participants, showcasing a collective concern over future water supply and management. The committee also reviewed the implications of Senate Bill 8 and Senate Joint Resolution 75 regarding the creation of new funds and programs for water management and development. Importantly, the potential for a dedicated revenue stream was raised, echoing the sentiment that a historic investment in water infrastructure is critical. The meeting adjourned with plans for a follow-up to further evaluate and confirm budget appropriations, reflecting a strong commitment to tackle Texas's pressing water challenges.
TX

Texas 2025 - 89th Regular

Ways & Means Mar 10th, 2025 at 02:00 pm

House Ways & Means Committee

Transcript Highlights:
  • The clerk noted a quorum is present.

  • We still don't anticipate any fiscal note with that

  • There is no impact to the fiscal notes or anything at all.
  • So there is a small fiscal note on it; I think it's about $150,000 a year.
  • I'd also note that J.P.

Summary: The meeting of the committee on ways and means centered on several significant bills aimed at addressing property tax issues, particularly regarding agricultural and border security infrastructure. A committee substitute for HB247 was discussed, emphasizing a voluntary approach with private landowners in light of enhanced border security measures, which reassured many stakeholders previously hesitant about such initiatives. Notably, the bill provides tax exemptions for landowners who allow construction of border security infrastructure, effectively alleviating concerns about increased property values leading to higher taxes. Committee members expressed support for transparency and fairness in how these laws impact stakeholders, especially those along the Texas-Mexico border.
TX

Texas 2025 - 89th Regular

S/C on Telecommunications & Broadband Apr 16th, 2025 at 08:04 am

House S/C on Telecommunications & Broadband

Transcript Highlights:
  • And so in initial planning for the 26th bond, we're anticipating...
  • I would note that one of the primary responsibilities of cities is to manage those costs effectively
  • On that anticipated projects, when they are entering into
  • Most transportation projects, as we've noted, have a long lead time.
  • I would note that our experience with cities has been that we often...
Summary: The Subcommittee on Telecommunications and Broadband convened to discuss several important bills aimed at improving broadband infrastructure and managing the financial responsibilities associated with utility right-of-way relocation. Notably, Chair Morales advocated for HB3953, focused on assessing broadband availability in multifamily housing, highlighting significant gaps observed during the COVID-19 pandemic where families struggled to access necessary internet services for education. Testimonies were provided by various stakeholders, underlining the critical nature of broadband accessibility for vulnerable populations, including low-income families and students.
TX

Texas 2025 - 89th Regular

Finance (Part I) Feb 11th, 2025

Senate Finance Committee

Transcript Highlights:
  • funds not anticipated to be available, reallocations of indirect
  • Our new estimate anticipates an available balance of $4.1 million
  • The state is taking note of and does not anticipate any ongoing
  • One thing that's really important to note is that these are shovel-ready.
  • Appropriated receipts no longer anticipated to be available
Bills: SB1
Summary: The meeting centered around significant budget recommendations for the General Land Office (GLO) and the Gulf Coast Protection District (GCPD). The GLO presented a request for $2.7 billion in funding for the 26-27 biennium, highlighting a 57% reduction from the previous biennium. Critical discussions included necessary funding for the Alamo preservation, with a request for $150 million to address inflation-induced cost increases in renovation measures. The GLO emphasized the importance of these funds to protect the Alamo as a cultural landmark and to manage unexpected surprises in construction, such as the need for a new roof and structural reinforcements. Several members expressed their support for this initiative, citing the importance of preserving Texas history. Further discussions addressed the funding for the GCPD and other critical projects aimed at enhancing disaster preparedness and ensuring environmental protection. The proposals included funds for coastal erosion response efforts and cybersecurity enhancements. A notable consensus emerged around the need for efficient use of taxpayer funds for ongoing environmental initiatives and disaster recovery efforts. With significant public interest and testimony on these issues, overall, the meeting captured a comprehensive perspective on the state’s budgetary priorities, emphasizing a collaborative effort among legislators to protect both cultural and environmental resources.
TX
Transcript Highlights:
  • We have one that has fiscal notes; we're going to hold on those as well.
  • Just as a side note.

  • Um, I wouldn't anticipate that being the case.

  • However, what we're anticipating is using unused water under our water rights in a given year.
  • So, we don't anticipate that being an issue.

Summary: The Senate Committee on Water and Agriculture and Rural Affairs convened under the leadership of Chairman Kelly Hancock, who opened the meeting with a prayer in remembrance of Chairman Perry, who was absent due to a personal loss. The session focused on the discussions surrounding SB384, which aims to support the longstanding initiative known as Operation Game Thief. Senator Flores presented the bill, emphasizing its essential role in the fight against poaching through public support. The operation has a successful track record of convictions but is currently dependent on donations and merchandise sales for funding. The committee aimed to vote on multiple bills during this session, contingent on achieving a quorum. Notably, discussions also revolved around fiscal notes on two bills that were set aside for later consideration, indicating the committee's intention to carefully manage their legislative decisions. The meeting showcased a productive atmosphere, with committee members actively engaged in the review and potential advancement of key legislative measures.
TX

Texas 2025 - 89th Regular

Ways & Means Feb 25th, 2025 at 11:00 am

House Ways & Means Committee

Transcript Highlights:
  • or was anticipated when the previous session ended.
  • When local property tax bases grow faster than anticipated...
  • If taxable values grow faster than anticipated, then you have more...
  • It's kind of what we anticipate as the market...
  • We do anticipate meeting next week and hearing several bills.
Summary: The House Committee on Ways and Means conducted a productive meeting addressing several key issues related to taxation and budget projections. The meeting opened with invited testimony from representatives of the Comptroller's Office and the Legislative Budget Board, focusing on the biennial revenue estimates and significant funding changes. Members participated actively, posing questions about specific budget allocations and the impact of tax policies on both local governments and residents. A significant discussion revolved around property tax relief, with calls for higher measures of relief to support taxpayers amid growing financial burdens. Furthermore, recommendations for financial reforms were proposed, stressing the importance of sustaining the benefits from previous tax relief efforts.
TX
Transcript Highlights:
  • The agency anticipates receiving $1.67 billion from the Federal Broadband Equity Act.
  • I got those notes. Sometimes it's just dementia; I mean, back and forth.
  • I got those notes. Sometimes it's just dementia, I mean, going back and forth.
  • We anticipate that it's going to take probably two to four years to implement.
  • There's plenty of time for that on the fiscal note, but I see that the fiscal note calls for an allocation
Summary: The meeting involved a comprehensive review of various legislative bills, with members voicing their opinions and concerns on each. Significant discussions centered around land use policies, education reforms, and public health initiatives. A number of witnesses were called to share their insights, providing both supportive and opposing perspectives on the proposed bills. The committee demonstrated a commitment to thorough deliberation, ensuring all voices were heard before taking votes on the legislation.
TX

Texas 2025 - 89th Regular

Appropriations - S/C on Articles VI, VII, & VIII Feb 27th, 2025 at 10:30 am

House Appropriations - S/C on Articles VI, VII, & VIII

Transcript Highlights:
  • The biennial revenue estimate anticipates an available balance of $4.1 million.
  • And now, we were anticipating the federal government...
  • The program was intended to be self-funded through fees, and the bill's fiscal note anticipated a ramp-up
  • As noted...

  • I would also note that mountain lions are one of our best natural defenders.
Summary: The committee meeting addressed several pressing issues, notably focusing on funding appropriations for the Gulf Coast Protection District and infrastructure projects, including the Alamo complex. Members expressed concerns over budget constraints, with requests for substantial funds aimed at supporting environmental initiatives and the upcoming biennium. Discussion points included the efficacy of previous funding and the anticipated impact of new capital on local communities. Public testimony was encouraged at various intervals throughout the meeting, adding robust dialogue amongst members and stakeholders.
TX
Transcript Highlights:
  • Members, just a quick note to also recognize that Senator

  • However, there are some standards we are anticipating potentially under the new administration.
  • Some interesting things to note about this...

  • The makeup of this production is, I think, also worth noting.
  • Members, one quick administrative note.

Summary: The meeting of the Senate Committee focused on several key legislative initiatives, including the implementation of new regulations concerning geothermal injection wells as per SB786, and the jurisdiction over brine mining clarified by SB119 and SB1186. Commissioner Christy spoke about the achievements of the Railroad Commission of Texas in regulatory standards and emphasized the importance of updating environmental practices that safeguard groundwater and surface water while facilitating economic growth. Senators expressed their concerns regarding operational impacts on various sectors, highlighting the need for continued collaboration between agencies to address challenges related to water management and environmental compliance.
TX

Texas 2025 - 89th Regular

Delivery of Government Efficiency Apr 9th, 2025 at 10:30 am

House Delivery of Government Efficiency Committee

Transcript Highlights:
  • So how does a fiscal note work when it comes to savings?
  • they got feedback from y'all on this fiscal note?
  • So you're getting dodged on your fiscal note as a result.
  • We would only note that the policy under...
  • So the fiscal note for the two years is $1.2 million.
Summary: The meeting focused on a series of bills, notably HB2467, which aims to address pay disparities for peace officers in the state fire marshal's office. Representative Van Deaver highlighted the critical services provided by these officers, who perform essential law enforcement duties yet face compensation below their counterparts. Witnesses, including those from law enforcement, testified in favor of the bill, emphasizing the need for equitable pay. The committee showed support for the bill, agreeing to leave it pending for further evaluation.
TX

Texas 2025 - 89th Regular

Appropriations - S/C on Articles I, IV, & V Feb 24th, 2025 at 10:00 am

House Appropriations - S/C on Articles I, IV, & V

Transcript Highlights:
  • Of note is item A, which is a decrease related to border security funding.
  • It's important to note there is a federal component...
  • Of note is item A, which is a decrease related to border security funding.
  • anticipated.
  • Nope, I can't read the notes. Oh, yes, yes.
Summary: The meeting of the committee was primarily focused on reviewing various bills, with robust conversations surrounding fiscal allocations for upcoming bienniums. Notably, discussions centered around SB22, which relates to salary assistance grants for law enforcement agencies, indicated strong support, with members expressing a consensus on the importance of enhancing financial resources for police departments across Texas. Additionally, the committee examined HB1, which proposed increases to funding to improve tax collection efficiencies and recruitment of professionals in critical roles. The meeting witnessed input from various stakeholders and representatives emphasizing the significance of these initiatives for state operations and public safety.
TX
Transcript Highlights:
  • My anticipation is that staff will follow our...
  • Y'all anticipate making a decision on May 1st, or anticipate

  • The 765, I think we can expect, or we should anticipate, there may be more variance to that number.
  • A lot of the load that's anticipated coming to the

  • east, I would say, is a little more speculative than what we anticipate in the Permian.
Summary: The meeting of the Senate Business Commerce Committee addressed multiple bills, notably focusing on SB842, SB372, and SB262. Chairman Schwartner facilitated discussions around the Texas Energy Fund, with updates provided by PUC Chairman Thomas Gleeson. Gleeson outlined the current status of the energy applications, highlighting that out of 72 applications, 17 had progressed. The committee also raised concerns regarding the need for additional transmission capacity, particularly in the Permian Basin, and discussed the implications of transitioning from 345 kV to 765 kV lines. Overall, the session was marked by a sense of urgency to finalize decisions by the approaching deadlines set for May 1st.
TX

Texas 2025 - 89th Regular

Natural Resources Apr 2nd, 2025

Senate Natural Resources Committee

Transcript Highlights:
  • Please note that, as highlighted, the posting for the

  • What I do know is that these permits, this funding is anticipated to cover.
  • And if y'all would stay too, as well with LBB, because it has to do with the fiscal note.
  • It was indicated that they anticipated the revenue would
  • Madam Clerk, if you would please note that Senator Parker has joined us.
Bills: SB2122, SB2050
Summary: The Senate Committee on Natural Resources convened to discuss developments regarding SB1150, related to the plugging of inactive wells. Senator Middleton presented the committee substitute for the bill, detailing key adjustments, including extending the effective date by two years to September 2027 to provide operators and the Railroad Commission adequate time for implementation. The discussions sought to address concerns regarding compliance complexity, particularly for wells inactive for more than 15 years. The relaxed timeline was intended to mitigate an initial rush before escalating requirements were imposed on stakeholders. In addition to the new timeline, revisions were made to enhance the clarity of reporting standards for operators regarding inactive wells.
TX

Texas 2025 - 89th Regular

Finance May 14th, 2025

Senate Finance Committee

Transcript Highlights:
  • That fiscal note will eventually be attached to this as well.
  • There is not a fiscal note as well.
  • And then, is there a fiscal note?
  • We did increase the fiscal note.
  • The fiscal note has eight FTEs included, the revised fiscal note.
Summary: The meeting covered multiple bills, primarily focusing on House Bill 2802, which relates to the Austin Firefighter Retirement Fund Pension, and House Bill 1056 regarding the establishment of gold and silver as legal tender in Texas. Senator Schwartner introduced several committee substitutes aimed at improving provisions in these bills, with the committee discussing amendments and seeking public testimony on the implications of these changes. Notably, the discussion highlighted varying perspectives on the use of gold as a currency and its constitutional implications, eliciting significant public and legislative engagement.
TX

Texas 2025 - 89th Regular

Finance Jan 30th, 2025

Senate Finance Committee

Transcript Highlights:
  • I was going through some of these notes.
  • Of note is Item A, a decrease in FTEs from the current biennium.
  • So if they note...
  • That's important to note.
  • I just want to note my appreciation for accommodating us in your schedule.
Bills: SB1
Summary: The meeting focused on several critical budget recommendations for various state agencies, including the Texas Facilities Commission, which proposed significant funding changes. Chair George Purcell highlighted a reduction in appropriations, along with the introduction of new funds aimed at refurbishing the Rudder Building and supporting facilities operations. Discussions also touched on border security, where it was reported that Governor Abbott formally requested congressional support to reclaim $11 billion in funding for Texas operations. The ongoing dialogue regarding the maintenance and responsibilities relating to border wall constructions was emphasized, noting the complexity and the need for clear allocation of responsibilities as discussions with federal authorities develop. Throughout the meeting, there were notable conversations about operational efficiencies, particularly in the context of expanding cyber threats and the need for improved cybersecurity measures at state agencies. Members engaged in deliberating the future hiring of staff and resources necessary for maintaining effective service delivery amidst increasing demand. The discussions concluded with a commitment to keeping an open line with constituents regarding the implications of these funding decisions and the overall strategic direction of the agencies involved.
TX

Texas 2025 - 89th Regular

Intergovernmental Affairs Apr 1st, 2025 at 08:00 am

House Intergovernmental Affairs Committee

Transcript Highlights:
  • So first, I'll note for Chair Tepper's question about the activities on the street for a business.
  • Change from what was anticipated or what had been published
  • The federal definition is anticipated to change to make the chassis, which is the big I-beam, optional
  • So you anticipate a change in the federal code?
  • Why would that have no fiscal note?
Summary: HB2464, presented by Representative Heffner, seeks to reduce unnecessary local regulations on home-based businesses, supporting Texans' abilities to operate no-impact businesses from their residences. The discussions highlighted the balance between enabling entrepreneurship and ensuring community standards are upheld, along with concerns regarding potential impacts on existing zoning laws. The meeting concluded with a call for more clarification and a focus on ensuring the bill protects local interests while promoting small business growth.

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