Concord - New Hampshire Republican State Committee Chairman Jennifer Horn released the following statement on the General and Education Trust Fund Surplus Statement published today by the Department of Administrative Services. The statement shows a surplus of $72.2 million from the FY12-13 budget that was passed by the Republican legislature in 2011.
"Today's announcement reminds Granite Staters that the budget approved by the Republican Legislature in 2011 successfully preserved our state's fiscal integrity during extremely difficult economic times. This fiscally responsible budget was able to close an $800 million deficit without raises taxes by making tough choices, eliminating waste, living within our means and holding the line on spending.
"Virtually every Democrat, including Governor Maggie Hassan, opposed this sound budget and called for more spending and higher taxes that would have killed jobs and threatened the New Hampshire Advantage. Now that the surplus is even bigger than expected, Governor Hassan wants to continue to grow government and spend even more money. This is the wrong approach for New Hampshire, and the governor should immediately pledge to use the surplus to replenish the Rainy Day Fund that Democrats raided in 2010.
"If we spend what we agreed to spend in the current state budget, New Hampshire can meet its commitments and start to restock the Rainy Day Fund. The FY 14-15 budget that was written by Senator Chuck Morse, unanimously approved by the Senate, overwhelming approved by the House, and signed by the governor is a sound plan. Governor Hassan should not ditch this fiscally responsible approach simply because she has found more money to spend on her big government agenda."