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Friday
May092014

Josiah Bartlett Center - The Governor's Inappropriate Appointment and the State's Fiscal Crisis 

Weekly Update from the
Josiah Bartlett Center

Keeping you up to date on our latest research
on the issues impacting New Hampshire

 
 

Governor Hassan made a mistake by nominating someone engaged in an ongoing lawsuit against the state to regulate the area over which he’s still suing. The mistake is not one of policy but one of propriety. The nomination can and should be withdrawn before tomorrow’s vote of the Executive Council.

So the governor has nominated someone to the State Board of Education who is currently suing the state over education policy. He didn’t once upon a time sue the state. He hasn’t expressed concerns. He is currently engaged in lawsuit – a lawsuit named after him – and is going to oversee that area – the area of his ONGOING lawsuit. Does the governor not see that this is a trifle odd? 
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The $400 million hole in the state’s budget I described two weeks ago has caused the state to be placed on a negative fiscal watch. Some would ignore or minimize the crisis but the problem is large, structural, and will require more than a small tweak to fix.

This past week, the national bond rating agency Standard and Poor’s lowered the state’s outlook from ‘stable’ to ‘negative.’ Very quickly, the other major national group, Moody’s, followed suit and advised investors and anyone watching the state’s finances that New Hampshire’s outlook was negative. The bond rating was not lowered but both major fiscal watchdogs are advising the world that New Hampshire’s outlook is negative. I think it’s fair to say that this is not putting our best foot forward as we look to attract jobs and investment to the state. Click here to keep reading

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