The New Hampshire Senate
Republican Majority Office
Morse, Odell call on Hassan to open the books
Concord, NH – Senators Bob Odell and Chuck Morse issued the following statements concerning New Hampshire’s July revenue report, and Governor Hassan’s call to reopen revenue estimates for FY 2015:
Senate Ways and Means Chair Bob Odell (R-New London) said, “Our conservative and realistic revenue projections hit the target for the first year of this budget, and were within 2% in the previous budget. I’m proud of the fact that the numbers show that the Republican Senate does a remarkably accurate job of estimating revenue growth for our State. The other key piece to a balanced budget however is spending. By how much did state agencies overspend their budgets last year?”
Senate President Chuck Morse (R-Salem) reiterated Senator Forrester’s concerns voiced earlier this week, “I am deeply concerned about our level of state spending and keeping our budget balanced. Governor Hassan tells us state agencies overspent their budgets, but can’t say by how much. Spending for 2014 is being hidden from the Legislature. Why? I urge Governor Hassan to share a spending update for 2014 to make sure we keep our budget balanced and our taxpayers protected.”
*The FY 2014-15 Budget adopted by the Legislature and signed into law by Governor Hassan anticipated changes in New Hampshire’s business taxes, and built those changes into the official revenue estimates. Those estimates were within $3 million for FY14.
*This is the first time in at least a decade that the Department of Administrative Services has failed to produce the monthly revenue plan for the second year of the budget. The monthly revenue plan is based on the revenue estimates included in the FY 2014-15 Budget, which was signed by Governor Hassan more than 13 months ago. The Lynch Administration was able to provide the monthly revenue plan on time in FY 2007, 2009, 2011, and 2013.
*Senate Finance Chair Jeanie Forrester (R-Meredith) requested a month ago today that the Fiscal Committee schedule a comprehensive state spending update.