The New Hampshire Senate
Republican Majority Office
Concord, NH - Senate Ways and Means Chairman Bob Odell (R-Lempster), issued the following statement today on the release of April’s state revenue figures:
“I am pleased that April’s revenue report shows the state is slightly above plan for the fiscal year and the current biennium, meaning we are collecting just enough tax revenue to fund government operations and no more – as the case should be. Additionally, today’s report confirms the legislature’s process for estimating the state’s income works and that it need not be tinkered with for political expediency. April revenues are a positive sign for our economy, but we need to remain vigilant because one strong month is not a trend.
“As Senate Ways and Means moves forward with estimating revenues for the next two years, we will continue our conversations with the departments and agencies that know the state’s revenues best and will estimate using the same open, conservative, and realistic principles that produced our current budget estimates. Those numbers will be very instructive regarding how much the state has to spend in the next two years, not the other way around as has been the case in earlier versions of this budget and in years past.”