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Joint Finance

Monday, January 26, 2026·3h 33m·▶ Watch / Listen

With the Joint Budget Committee running late, Joint Finance turned a routine budget-overview session into an extended airing of grievances over the governor's plan to convert workers'-comp insurer Pinnacol, cuts to PERA pension contributions, and the state's repeated raids on unclaimed-property funds — now the subject of active litigation. No votes were taken across a full afternoon of briefings.

Key Actions

·Governor's budget overview (OSPB)Action

+ 4 more actions

Notable Quotes

So if you don't want us telling you what to do, do the frickin right thing.

Committee ChairThe Chair's blunt rebuke over PERA raising its private equity allocation from 8.5% to 10%, framed as a moral objection to how the pension invests retirees' money.

+ 5 more quotes

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TranscriptPreview
Got it. Senate Finance Smart act hearing will come to order. Welcome everybody to Joint Senate Finance. We are excited to be here today. And Ms. Colbert, will you please call the road roll? Representatives and Senators Bright. Here. Brooks. Brooks. Excused. Camacho. Here. Frizzell. Present. Oh, oh, no, she's here. Sorry. Please go ahead. Garcia. Excused. Senator gonzalez. Good morning. Representative gonzalez. Buenos dias. Hertzog. Here. Kolker. Here. Marchman. Excused. Marshall. Here. Mullica. Excused. Richardson. Here. Simpson. Excused. Representative Garcia. Snyder. Ever present. Stuart. Here. Tatone. Here. Zo. Kai. Excused. Woodrow. Here. And Madam Chair here. Thank you everybody for joining us for Senate Finance. I know there's a lot of stuff going on and I know some of our colleagues will be joining us shortly, but we want to get started and be respectful of everybody's time. First up today we have Mark Ferrandino, the executive director of the Office of State Planning and Budgeting. And he is here. I was thinking maybe you were going to come and present the governor's budget instead of making the JVC do it, but we'll have to save that for another day, I think. Madam Chair, for the record, Mark Ferrandino,
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