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Entries in Josiah Bartlett Center (142)

Saturday
Feb162013

Josiah Bartlett Center - A State Budget Preview; Revenue Estimates Key 

Weekly Update from the
Josiah Bartlett Center


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


Wednesday, the Governor presented her budget to the Legislature. Every program and priority of the administration is part of the budget. The discussions and negotiations over those priorities include dozens of decisions that must balance revenue estimates and spending priorities.

The most important and difficult debate will occur over revenue estimates. The federal government may have carte blanche to spend as much money as it can print or borrow, but spending at the state level is limited to the amount lawmakers estimate they will be able to raise. For decades, spending committees anxiously await the result of the Ways and Means Committee’s prognostication of how much each tax will raise... Click here to keep reading.

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Friday
Feb012013

Josiah Bartlett Center - Educational Choice Under Attack, Foreclosures, and IL Bond Warning for NH

Weekly Update from the
Josiah Bartlett Center


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


Educational opportunity is something we all want for our children but is under threat in New Hampshire in 2013. While the wealthy can choose among many options to find the best fit for their children, two small programs that increase options for poor people in New Hampshire are both under attack. If opponents succeed in killing the state’s modest charter school program and the school choice scholarship program, educational opportunity will still be a reality for rich people but not for poorer members of the Granite State... Click here to keep reading.

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NHOpenGov

The State's Checkbook Online

Ever wonder how and where New Hampshire spends your tax dollars? Look no further than NHOpenGov.org, an open government project of the Center. We now have more than 3.5 Million transactions detailing how every last dollar was spent from the past 4 1/2 years. Help us find government waste! Click here to start looking.

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IL Bond Rating Downgrade over Pensions Should be a Warning to NH

IL now worst in the Nation

Much has been made in the past few years over the dysfunction of Illinois’ finances and the legislature’s inability to get the state’s fiscal house in order; however, rating agencies are taking a closer look at another factor that weighs heavily on state finances: pensions... Click here to keep reading.

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Foreclosure Filings Continue to Drop


December sees fewest of any month in 2012

According to the foreclosure tracking firm RealtyTrac, foreclosure filings in New Hampshire fell again in December, marking the third straight month of decreases. Statewide, 405 houses received a foreclosure filing, compared to 578 in November and 739 in October. Click here to keep reading.

Saturday
Jan262013

Josiah Bartlett Center - The Fight over Revenue Estimates 

Weekly Update from the
Josiah Bartlett Center


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


New Hampshire's budget battles are always about revenue, and this year is no exception. Revenue estimates drive spending and make some decisions possible, others impossible. This year's estimates will determine the path the budget takes.

During boom times, revenues flow freely into the state treasury and make the state budget about who gets more money. But an economic downturn or poor revenue estimate creates budget crises and constant pressure to cut.
... Click here to keep reading.


 

Saturday
Jan192013

Josiah Bartlett Center - The Beer Tax, NH Unemployment, and Why Gov. Hassan Needs to Start Cutting Now 

 

Weekly Update from the
Josiah Bartlett Center


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


Every two years in New Hampshire we have a budget crisis. Some crises are worse than others but no budget seems to be easy. This year, a new governor has been welcomes to office with problems that demand she take action long before the official budget is even adopted. She has no choice but to take immediate executive action to cut the existing budget just winding down and then put on hold any new or increased spending for another two years... Click here to keep reading.


Updated Data on NHOpenGov

Now nearly 3.5 Million State Transactions

Ever wonder how and where New Hampshire spends your tax dollars? Look no further than NHOpenGov.org, an open government project of the Center. We now have more than 3.5 Million transactions detailing how every last dollar was spent from the past 4 1/2 years. Help us find government waste! Click here to start looking.

Bill Would Make NH Beer Tax Nearly 4x the Mass Rate


Governor Vows to Veto

HB 168, introduced by Reps Charles Weed and Richard Eaton, would increase the beer tax by $0.10 per gallon, putting the tax at $0.40 per gallon. This would make New Hampshire’s Beer Tax the 13th highest in the country, (up from 19th) and the highest in the North East. Massachusetts, in comparison, has a rate of only $0.11 per gallon... Click here to keep reading.

A Look at NH's December Unemployment Report


Slight Increase in Unemployment to 5.7%

According to New Hampshire Employment Security, December's unemployment rate for the state was 5.7%, a .1 percentage point increase over last month. This upturn translates to 430 additional unemployed workers. There were 7368 initial claimants over the month with 45,784 continued claimants.

Click here to keep reading.

Saturday
Jan122013

Josiah Bartlett Center - The Fiscal Cliff, Trains, and Trillion Dollar Coins

Weekly Update from the
Josiah Bartlett Center


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


The music for the Washington fiscal cliff debate ought to be that written by Sergei Prokofiev for his “Tale of the Buffoon who Outwits Seven Other Buffoons.” Hard to believe he hadn’t of the fiscal cliff when he wrote it... Click here to keep reading.


The Trillion Dollar Coin and the Debt Limit

Would it be Possible and is it Legal?

With the US Treasury rapidly closing in on another debt limit ceiling, the idea of minting trillion dollar platinum coins to get around Congressional approval of a debt limit hike has gained some steam in the pundit world and with the public at large. It has even spawned the twitter hashtag #mintthecoin and a White House petition in support of the proposal... Click here to keep reading

Rail Back on Track in NH?

Would Cost $270 Million

Wednesday’s approval by the Capital Budget Overview Committee to fund a transportation study of the Capitol Corridor has revived hopes of commuter rail in New Hampshire. The Corridor project, if completed in its entirety, would see passenger rail service run from Concord through Manchester and Nashua, continuing south into North Station in Boston.

The project in terms of costs can divided roughly into four segments, totaling roughly $270 million from various sources... Click here to keep reading.

Takeaways from the December Unemployment Report


November Rate Revised Upward, Job Creation Treading Water

Last week the Bureau of Labor Statistics released its monthly jobs report for December, which showed that the unemployment rate remained unchanged at 7.8%. The BLS also revised the November rate upwards to 7.8% from 7.7%. Establishment Survey (i.e. employer) data showed that roughly 155,000 jobs were created. Click here to keep reading.