5:45 → 6:27(42s)
Chairman Haggard called the meeting to order and Adam (Budget Section staff) called the roll; quorum was established. Chair previewed interim study topics and asked members to indicate subcommittee preferences by email.
The Government Finance Committee convened to review interim study assignments and multiple budget-related briefings, including state budget materials, Legacy Fund distributions, Capitol grounds planning and projects, state agency fee inventories, and a legislative study on fixed-route city transit funding. Presenters from the Budget Section, Office of Management and Budget, Retirement Investment Office (RIO), Secretary of State, Department of Transportation and local transit providers described current balances, funding formulas, and implementation challenges. Committee members asked for follow-up data on Legacy Fund earnings, fund reporting, space optimization for the Capitol Grounds, fee rationalizations, and options for a stable funding formula for fixed-route transit.
