Details are coming forward on how the Governor proposes to fund the estimated $500 million structural deficit in his budget. A close review shows three main sources of additional money; the use of one time money, suspension of contributions to NH municipalities, and tax increases. One time money accounts for a large share […]
A few other items worth mention were included in the Governor’s Budget address yesterday. His Capital Budget included a proposal to bond $83 million in school construction costs. The Governor started the practice of bonding school construction costs last year. This cost had previously always been paid with cash. The state […]
The Governor presented his budget today. The budget proposes to spend 2.97M in General Fund dollars and 11.3M from all sources. The Governor proposed a number of reductions and tax/fee increases to balance his budget. Spending reductions proposed include cutting 400 vacant and 250-300 existing positions, closing a number of Department of […]
Committee work is in full force. Tomorrow the Governor presents his budget. We anxiously await the Governor’s proposals to deal with the structural deficit of approximately $500 million for the next two years. Bills of interest in process include a proposal to add a one cent per beverage container fee to fund […]