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Entries in Fiscal Responsibility (10)

Friday
Dec072012

Statement: Sen. Morse on USNH Funding Legislation 

The New Hampshire Senate

Majority Office

Concord, NH – Sen. Chuck Morse, R-Salem, released the following statement today following the introduction of legislation that would appropriate an additional $100 million to the University System of New Hampshire:

“I appreciate and share Sen. Fuller Clark’s commitment to creating a well-educated workforce here in New Hampshire, and I look forward to the hearing on her legislation before the Senate Finance Committee later this session.  At that time, I hope she will be willing to discuss with the Committee where she would suggest we cut spending – or which taxes she would propose to raise – in order to finance the $100 million price tag attached to this bill.

“In 2011, the Republican-led legislature closed an $800 million budget deficit left for us by the poor spending habits of prior lawmakers.  As we look ahead to our next budget, we are committed to continuing that same level of fiscal discipline.  In doing so, we will continue to adequately fund both the University System of New Hampshire as well as the Community College System of New Hampshire while working towards reducing college costs for low and middle income students.”

Tuesday
Nov272012

Governor-Elect Hassan Calls for Innovation and Fiscal Responsibility at State Agency Budget Hearings

The Office of Governor-Elect Maggie Hassan

Hassan to Bring People Together to Develop Fiscally Responsible Balanced Budget

CONDORD – Governor-Elect Maggie Hassan called for innovation and fiscal responsibility in approaching the next state budget, and made clear she will bring people together to make the difficult decisions needed to balance the budget while protecting New Hampshire’s priorities during remarks this morning at the opening session of hearings on state agency budget requests for the 2014-2015 fiscal years.

“While we are beginning to see recovery and revenue growth, we will face continued difficult fiscal times in the coming two years,” said Governor-Elect Hassan. “We must be prepared to continue to make tough, fiscally responsible decisions to ensure that we can invest in our priorities, including protecting the health and safety of our citizens and building an innovative economy that will ensure long-term growth.”

Hassan reiterated her call to reverse some of the bad decisions made in the previous budget, including cuts to the university system and community colleges and the laying off of state auditors, but stressed that those decisions can not all be undone at once and that state agencies need to take innovative approaches in tight budget times.

“It is important for all of us to understand that we will not be able to reverse course all at once. We must also remember that innovation is not confined to the private sector. We need to continue innovating in how we provide state services to adapt to economic realities and to reflect changes in how our citizens live and work,” Hassan said.

Hassan said that she will soon send out budget targets to state agencies. The targets will be conservative, she said, representing that the state faces a number of potential challenges, including the possibility of the federal fiscal cliff.  Hassan also made clear that she would advance her reform plan to improve the state budget process, including creating a bipartisan Consensus Revenue Estimating Panel.

“Over the next two months, my team and I will be meeting and working closely with state agencies  to develop a fiscally responsible and balanced state budget, without an income or a sales tax, that lives within our state’s means, but meets our state’s needs to build an innovative future,” Hassan said.

As Governor, Maggie Hassan will work with members of both parties to develop a fiscally responsible balanced budget that protects New Hampshire’s priorities without an income or sales tax. She will work to implement her “Innovate NH” jobs plan, which focuses on building the best workforce in the country, providing tax credits to businesses, and giving businesses technical assistance to help them create jobs. And Hassan will reach out to legislators and citizens across the states to listen to their ideas for how to keep New Hampshire moving forward.

Thursday
Jul192012

U.S. Rep. Frank Guinta statement on House passage of Sequestration Transparency Act

(WASHINGTON – July 18, 2012)    The House of Representatives today approved H.R. 5872, the Sequestration Transparency Act of 2012 with a strongly bipartisan vote.  The bill would require President Obama to submit a report to Congress 30 days after the date of enactment detailing how the administration plans to implement the budget sequestration cuts required to take place in January 2013.  

Representative Frank Guinta (R, NH-01) issued the following statement after voting for the bill:

“Granite Staters deserve to know how the Obama Administration intends to implement sequestration.  This bill requires administration officials to spell out their plans in detail.  With the very real possibility that many thousands of jobs could be lost as a result of the sequestration process, we need full transparency on this issue.  I voted in April to pass the Sequestration Replacement Conciliation Act, which would protect our Armed Forces while reducing the deficit by $242.8 billion over a decade.  I’ve shown where I stand; I urge the Obama Administration to do likewise.  I also urge the Senate, which has yet to act on this, to join the House in giving citizens the transparency and openness they should expect from their government.”

Thursday
Jul192012

US Rep Bass: Sequestration Will Cost Jobs in New Hampshire

Calls for bipartisan solution to pending fiscal cliff

WASHINGTON – Congressman Charles F. Bass (NH-02) supported legislation in the House of Representatives today that requires the President to submit a report to Congress outlining how his Administration plans to implement the mandated across-the-board sequestration cuts to defense and nondefense discretionary spending that are set to take effect on January 1st as a result of the failure of the Supercommittee.

If current law is not changed before the end of the year, $109 billion in cuts to defense and other domestic programs will take effect immediately for next year alone.  According to a recent report by the Aerospace Industries Association, New Hampshire could lose an estimated 6,306 jobs in 2013 if the sequester moves forward.

Bass said:

“I wish today’s legislation wasn’t necessary because Congress was able to find a solution to the sequester, but American families and taxpayers deserve to know exactly what the consequences of the sequestration will be on our military and other programs and how the White House plans to implement the cuts, should they occur next year.

“Our nation is facing a dire fiscal cliff at the end of this year that will have a devastating impact on job creation and economic growth unless Congress takes action now.  That’s why I supported the only bipartisan budget plan to be offered earlier this year, modeled after the Simpson-Bowles Commission, that would eliminate the sequester and avoid the fiscal cliff through responsible spending reductions and comprehensive tax reform that would generate new revenue.” 

“New Hampshire and this nation need solutions, and the only way to achieve them is to put partisan posturing aside and to build bipartisan compromise.  If we do not work together to address these problems now, the results will be disastrous for our economy.  I will continue to do everything I can to make sure that doesn’t happen.”

The Sequestration Transparency Act (H.R. 5872) passed the House this afternoon by a vote of 414 to 2 and now awaits action in the Senate.

http://bass.house.gov

Friday
Dec022011

NH GOP - One Year Later: Republican Leadership Pulled New Hampshire Away from the Fiscal Brink 

Concord, NH – Exactly one year ago today, on December 1, 2010, Republicans took control of the New Hampshire House and Senate.  The day they started, they faced a bleak fiscal mess left by four years of spendthrift Democrat rule.  This reality included a budget deficit of nearly $900 million, an economy that had been ravaged by over 100 new taxes and fees, tens of millions of dollars in borrowed money to pay for operating costs and huge property tax increases.

Over the past year, Republican leadership has begun turning around the state’s fiscal picture.  During this past year, the lawmakers have:

  • Passed a fiscally responsible, balanced budget that did not increase taxes or fees, does not downshift onto local property taxpayers, and does not increase borrowing;
  • Did not increase taxes or fees, and even reduced or eliminated 12 taxes and fees, including the immensely unpopular car registration surcharge;
  • Passed 43 laws that reduced regulations;
  • Began reforming the state pension system to ensure that retirees will continue to get benefits without bankrupting taxpayers; and
  • Overhauled the state budget system to ensure that state agencies now submit budgets that make reductions, not just one to grow government.

New Hampshire Republican State Committee Chairman Wayne MacDonald commented on these achievements by saying, “When Republicans took over last year, the state was facing the wreckage of Democrats’ failed leadership of higher taxes, borrowing from our children and grandchildren, and accounting gimmicks to hide the true cost of their out-of-control spending.  Granite Staters should know that their tax dollars are in good hands with Speaker Bill O’Brien and Senate President Peter Bragdon watching the state’s fiscal future.”