The New Hampshire Senate
Republican Majority Office
Concord, NH – Senate Finance Chair Jeanie Forrester (R-Meredith) today applauded Governor Maggie Hassan for finally admitting and attempting to address New Hampshire's mounting spending problem, as Hassan yesterday directed state agencies to find $30 million in cuts in addition to a separate $40 million hole at the Department of Health and Human Services.
"I'm pleased that the Governor has finally admitted that New Hampshire is facing a severe spending problem in the FY15 budget," Forrester said. "On the heels of her $22 million shortfall in the FY14 budget, and mounting problems at HHS, addressing this spending problem is long overdue."
The FY14 budget signed into law by Hassan required her to deliver a $26.7 million surplus, but this week's report showed only $4.2 million in FY14 surplus. Hassan is also counting on $19.5 million in surplus funds from the FY13 Republican budget to prop up last year's spending.
The Department of Health and Human Services recently told the Legislative Fiscal Committee that it faces $40 million in overspending in the current year. Hassan has just nine months left in the fiscal year to get the budget back into balance.
"Because the Governor failed to meet her numbers last year, we're already starting this year in the hole. Because the Governor has already delayed action for three months, the coming cuts will be more severe than they had to be," Forrester continued. "We look forward to reviewing in detail the Governor's recommendations for saving $40 million at HHS and $30 million across other executive departments. The Governor needs to be transparent and share state spending data with the Legislature and the public."