Entries in Spending (169)
Concord - New Hampshire State Committee Chairman Jennifer Horn today released the following statement on Governor Hassan's Executive Order directing a freeze in generally funded hiring, equipment, purchasing and out-of-state travel:
"Today, Governor Maggie Hassan demonstrated once again that she is incapable of effectively managing state government. During her first six months in office, Governor Hassan ignored the hiring freeze imposed by Governor Lynch, and granted every single hiring waiver that was requested of her, 187 in total. Today's decision to issue a new hiring freeze is the height of hypocrisy and a desperate political stunt designed to distract from her reckless management of state finances. Her grossly ineffective record as Governor is evident, and New Hampshire residents look forward to replacing her with a fiscally responsible Republican this fall."
Governor Hassan Ignored the Spending Precedent Set by Governor John Lynch
"A hiring freeze put in place five years ago by Governor John Lynch is doing little to prevent state agencies from filling their vacant positions, as the Governor's Office has issued 436 waivers so far this Fiscal Year. Governor Maggie Hassan has not denied a single request to waive the hiring freeze in her first six months in office. (New Hampshire Watchdog.org, 6/13/2013)
CONCORD - House Republican Leader Gene Chandler (R-Bartlett) offered the following statement relative to the House vote on SB415, a bill that would deposit the remaining surplus funds from FY2013 into the Rainy Day fund. Democrats on the Finance committee proposed the bill be sent to interim study. The committee recommendation passed in committee on party lines, 13-10. The committee recommendation of “Refer for Interim Study” passed the full House by a vote of 151-127.
House Republican Leader Gene Chandler (R-Bartlett)
“What is there to study? In just the last month, we’ve done all of the work an interim study committee could possibly do. Just look at the New Hampshire’s Rainy Day fund balance. It’s just $9.3million, which is not enough to run state government for more than a day and a half. We’ve also seen two major bond rating agencies issue negative credit alerts on the state’s financial outlook citing our low reserve fund balance as a factor in their analysis. What other piece of negative news could we possibly be waiting for?”
“Former State Treasurer Cathy Provencher testified in January that we should strive to have 5%-10% of general fund unrestricted revenue in reserves. Our current balance represents just 0.7% - less than 1% - of general fund unrestricted revenue. Passing SB415 would be a small but important and necessary step in reaching that goal. I’m sorry House Democrats would rather spend the surplus rather than use it to contribute to our financial security.”
The House Republican Alliance issued a statement today on the passage of SB 308, a bill that will increase the amount of funding paid to the health services planning and review board.
"The board already receives $500,000 to operate and keep out competition in health care through the Certificate of Need program. They are now asking and receiving another $300,000, a 60% increase in their funding because the board does not have the expertise to develop a state plan. One must question what the first $500,000 was used for, if not their expertise and now we are lavishing even more money on them?" Stated Rep. Dan McGuire, Epsom." We are potentially facing a $400 million deficit if the MET law is not upheld. We should be looking for ways to trim our budget and work efficiently, not continually growing spending."
CONCORD - House Republican Leader Gene Chandler (R-Bartlett) offered the following statement relative to House vote on HB1411, a bill that spends rather than saves 2013 budget surplus dollars, and reopens the budget to increase spending at the Department of Health and Human Services. The bill passed by a vote of 185-153. An amendment sponsored by Rep. Chandler and Rep. Kurk proposed depositing all $15.3 million in surplus funds into the Rainy Day fund. The amendment failed by a vote of 157-172.
House Republican Leader Gene Chandler (R-Bartlett)
“We passed a 2 year state budget last year with a bipartisan majority. We cannot begin reopening the budget to increase spending whenever a state agency needs a boost. It’s setting a very dangerous precedent. The state has the equivalent of less than 1% of general fund revenue in its rainy day account. This is unacceptable. Without adequate savings, the state has little or no cushion if revenues fall too short of projections. The State Treasurer has recommended putting the entire $15.3 million of surplus funds in the rainy day fund. It will strengthen our state’s finances and credit, and in our opinion it’s the right thing to do. Ratings agencies such as Moody’s suggest in order to maintain a AA1 rating, a minimum of 5% should be in reserve. That equals about $70 million for New Hampshire. The amendment Republicans offered proposed to put all of the surplus into the Rainy Day Fund, which is the financially responsible place to put it. $15 million is a small but necessary step towards that goal.”