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Entries in Budget Deficits (356)

Wednesday
Oct012014

NH Senate Republicans - Sen. Forrester responds to Governor Hassan failing to control state spending 

The New Hampshire Senate

Republican Majority Office

 

Concord, NH – Senate Finance Committee Chair Jeanie Forrester (R-Meredith) issued the following statement on the release of the Preliminary and Unaudited FY 2014 Surplus Statement:

 

“I’m very troubled that an early review of the Governor’s unaudited statement shows she did not meet the $26 million surplus as required in the budget and by state law.  This raises serious concerns about her commitment and ability to control spending in Fiscal Year 2015.  I hope the Governor will be more forthcoming about sharing spending levels on a monthly basis, which I have repeatedly requested, to ensure the State only spends what it can afford to avoid further deficit spending.”

 

Thursday
Aug212014

NH Deputy House Republican Leader Comments on Governor's Suggestion to Raise Business Taxes, Build a Casino

CONCORD - Today Deputy House Republican Leader and member of the House Ways & Means Committee, David Hess (R-Hooksett), offered the following comments relative to Governor Hassan’s claim that business tax reforms passed during the previous legislative term, “are having a negative impact on the state's budget.”

 

Deputy House Republican Leader David Hess (R-Hooksett)

 

“Not even the Department of Revenue Administration is ready to attribute any change in business tax or interest and dividends tax revenue to any one or particular set of causes at this time. During several meetings in the month of August, DRA officials said it is currently impossible to tell if any prior legislative changes will have any effect on our overall fiscal balance.”


“The Governor has a solution in search of a problem. Her solution is to potentially make our business tax climate less favorable than it already is, or rely on revenue from a non-existent casino when a casino is not something we could even realistically propose for this budget cycle. This is not how to encourage long term economic growth, or responsibly address what experts suggest may be a temporary revenue anomaly.”

"What we can address immediately is state spending. Until we have an more accurate picture of how our state agencies are managing the resources we've allocated to them, I think hitting the panic button on revenue is premature."

Friday
Aug152014

NH House Republican Leader Reiterates Need to Address Budget Concerns 

Concord - House Republican Leader Gene Chandler offered the following statement relative to concern voiced by leaders in the State Senate that state agencies may be overspending, and creating growing budget deficits as a result, while Governor Hassan and agency heads refuse to meet with budget writers to open the books and discuss the concern, citing, “incomplete information.”

 

“It may take time to count every penny, but when we’re in a potential crisis situation, we owe it to the people of New Hampshire to have an open and frank discussion on what appears to be a significant budget problem. We are, after all, elected to be good stewards of taxpayer dollars, and our citizens expect some level of transparency and accountability within our state government.”

 

“Every leader of every state agency should have some idea how their balance sheet will shape up, whether or not it’s finalized. They do not operate in the dark. I would hope that the Governor would allow the agency heads to meet with the legislature and comply with a simple and reasonable request to discuss how their agency is performing with the resources we’ve allocated to them. Kicking the can down the road will only lead to future budget problems.”

Wednesday
May072014

NH Senate Finance Chair Requests Updated Department Financials 

Concord, NH - Senate Finance Chairman Jeanie Forrester, R-Meredith, today requested updated spending and lapse figures from each of the state’s department and agency heads.  Forrester’s request is in response to underperforming April revenues, the ongoing Medicaid Enhancement Tax litigation, and concerns over the cost of the state’s mental health settlement.

 

“As a result of the careful and conservative revenue estimates adopted in the state budget, I am pleased to say that the state is $3.9 million, or 0.2-percent, above the revenue plan through the first ten months of the fiscal year,” said Forrester in her letter to department heads on Tuesday morning.  “While this is positive news for our taxpayers, it does necessitate increased vigilance from budget writers and department heads to ensure that we finish this fiscal year with the projected $26.8 million surplus required keep the budget balanced,” she continued.

 

Forrester’s letter requests updated figures on each department’s spending and projected lapse for the current fiscal year by Friday, May 16 in order to review the numbers with the Senate Finance Committee before the conclusion of the legislative session.

 

“While revenue collections to date would not necessitate [additional action] during this biennium, I do want to keep legislative leaders informed on the spending side so that we’re prepared to act in the best interest of the state and our taxpayers should events warrant,” concluded Forrester.

 

 Click Here for full text of Chairman Forrester’s letter to the Commissioner of Administrative Services Linda Hodgdon can be found below.  Identical letters were also sent to nineteen other state departments and agencies.

Tuesday
Apr152014

Heritage - Where Did Your Tax Money Go? 

April 15, 2014

 

Where Did Your Tax Money Go?

It’s pretty unreal when you see it.

Your 2013 tax dollars—which are due today—went primarily to pay for government benefits.

Major entitlements (Medicare, Medicaid, and Social Security) gobbled up 49 percent, while more federal benefits took another 20 percent. These additional “income security” benefits include federal employee retirement and disability, unemployment benefits, and welfare programs such as food and housing assistance. Obamacare spending didn’t really kick in until 2014, so that will show up in next year’s breakdown.

>>> Read More

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