CONCORD – House Speaker William O’Brien (R-Mont Vernon) and House Majority Leader D.J. Bettencourt (R-Salem) today offered the following statement after the House voted 276 to 95 to pass Senate Bill 2, allowing communities to enact tax and spending caps. Initially conceived after the Supreme Court last year ruled that the City of Manchester’s spending cap lacked legislative authority, the bill, after extensive revision by the House Municipal and County Government Committee, now sets up the opportunity for all communities statewide to enact tax or spending caps.
House Speaker William O’Brien
“Just as the House voted earlier this year to pass a constitutional amendment to require supermajorities to raise taxes, this bill gives local communities the tools to pass their own tax and spending caps to protect local property taxpayers. I commend the Municipal and County Government for their many, many hours of hard work to craft an outstanding piece of legislation that allows any city or town the chance to restore fiscal accountability and balance to local budgeting.”
House Majority Leader D.J. Bettencourt
“Under Democratic leadership of the previous four years, the people of New Hampshire were financially burdened thanks to cost downshifting, more than 100 tax and fee increases, and a 25% increase in spending. Today we passed legislation that will allow communities to control the growth of government spending on the local level, making it harder for government to raid the wallets of our citizens. This Republican leadership will never forget that government works for the people, not the other way around."