NHDP - ICYMI: Governor Hassan’s Fiscally Responsible Budget Management Results in $73 MillionSurplus
Concord, N.H. – New figures show that thanks to Governor Maggie Hassan’s fiscally responsible budget management and the hard work of state agencies, New Hampshire finished 2015 with a $73 million budget surplus.
Republican Senate President Chuck Morse said the new figures show the “state is living within its means.”
Click here for the full Union Leader story or see excerpt below:
Union Leader: State Records a $73 Million Surplus for 2015
CONCORD — The state has an unaudited $73.2 million surplus for the recently-concluded 2015 fiscal year, which is greater than budget writers anticipated.
“By working closely with state agencies to responsibly manage their budgets and through the hard work of state agencies and employees to exceed their lapse estimates, we have asubstantial preliminary surplus for Fiscal Year 2015,” said Gov. Maggie Hassan, who is required to release the final but unaudited 2015 fiscal year figures Sept. 30.
… With the surplus she suggested lawmakers may want to consider increasing state aid to public schools.
“With this surplus, we will be able to greatly strengthen our Rainy Day Fund, maintaining our commitment to fiscal responsibility and the state’s long-term financial outlook,” Hassan said. “Given this surplus, and as we continue to close the books on Fiscal Year 2015, we should closely monitor the coming months of state revenues and consider if there are ways to address concerns raised by communities about school funding levels.”
Senate President Chuck Morse, R-Salem, said the figures show the state is living within its means.
Click here for the full Union Leader story.