Press Releases

 

Entries in State Revenue (15)

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.”

Friday
Aug152014

NH Sen Forrester- "We can't afford to wait another month" 

The New Hampshire Senate

Republican Majority Office

Governor Hassan won’t share spending data until September 30th.

 

Concord, NH – Senate Finance Committee Chair Jeanie Forrester (R-Meredith) today issued the following response to Governor Maggie Hassan’s decision to wait until the end of September to release Fiscal Year 2014 spending data for New Hampshire departments.

 

“We can’t afford to wait another month to know how a big a budget problem we’re facing. The Governor signaled in May that state departments would not be able to meet their budget targets. The Department of Health and Human Services’ latest report show the gap topping $100 million at the end of this fiscal year. If departments managed to stay within their budgets, that would be great, but we need to know. If they overspent their budgets, we need to know so that we can take every necessary step to protect New Hampshire taxpayers and our state’s fiscal integrity. If Governor Hassan were truly interested in working in a bipartisan manner, she would be transparent with the state’s budget data.”

 

The latest Department of Health and Human Services dashboard shows DHHS exceeding its spending authority by as much as $100 million in FY14-15. Hassan first warned that departments would exceed their FY14 budgets back in May, but now indicates that she won’t share updated spending data with the Legislature until September 30th. The Union Leader this morning declared the “NH budget is in a shambles”.

 

Spending Watch ‘14

 

45 Days since the end of Fiscal Year 2014

 

38 Days since Forrester requested a department spending update

Friday
Aug082014

NH Sen Forrester calls on Hassan to report on state spending 

The New Hampshire Senate

Republican Majority Office

Governor starts budget process in the dark, and possibly in the red 

Concord, NH – Senate Finance Committee Chair Jeanie Forrester (R-Meredith) today issued the following statement as Gov. Hassan instructed departments heads to begin the FY16-17 budget process. 

“It’s been more than a month since we closed the books on Fiscal 2014, but we still don’t know how much money our state agencies spent. That’s unacceptable. I renew my request for the Governor to provide a comprehensive update on state spending by department so that we can know the size of the budget problem we’re facing. Otherwise, we’re starting the next budget process in the dark, and possibly in the red.” 

The Nashua Telegraph reported on June 8th “state agency heads have already told Gov. Maggie Hassan and legislative leaders that they aren’t going to make their target to return $50 million of unspent money to the treasury.” 

Fiscal Year 2014 ended on June 30th

Forrester first requested an update on state spending on July 7th.

Thursday
Aug072014

NH Republican Senators respond to July Revenues 

The New Hampshire Senate

Republican Majority Office

 

Concord, NH – Senate Finance Chair Jeanie Forrester (R-Meredith) said “While we have an idea of the State’s revenue picture for fiscal year 2014, we are still in the dark as to where the State stands on the expense side of the ledger.  I share the Governor’s concerns that our budget remains balanced and reiterate my previous request for a spending update on the status of our expenses for fiscal year 2014, including by how much state agencies overspent their budgets last year. In order to keep our budget balanced, we must diligently keep spending in check. 

“I was proud to stand up for our overtaxed, over-regulated business community by reforming our interest and dividends tax and our business taxes.  As part of our balanced budget, we made job creation a priority. 

“Thankfully, the conservative revenue estimates we adopted last year saved us from the huge budget deficit we would be facing had we agreed with the Governor’s estimates.” 

Senator Majority Leader Jeb Bradley (R-Wolfeboro) added, “This is not a result of creating business incentives to grow jobs.  This is the result of the Governor filling every vacant position and, we assume, not meeting budget reduction targets since she refuses to release them. “

Friday
May022014

NH Senate President Statement on April Revenues 

Concord, NH - Senate President Chuck Morse, R-Salem, issued the following statement today concerning the shortfall in April revenues:

 

“Preliminary estimates showing state revenues underperforming by approximately $20 million in April adds another issue to a growing list of financial concerns facing the state.  This shortfall creates a further complication as the legislature works to address the Medicaid Enhancement Tax, our inadequate rainy day fund, and credit watches issued by Moody’s and Standard and Poor’s.

 

“It is imperative that Executive Branch departments evaluate their budgets and take all necessary steps to ensure they can meet their lapses and spending targets.  Careful fiscal management will be critical to ensure our budget remains balanced, and I’ve asked Senate Finance Chairman Jeanie Forrester to work with department and agency heads to evaluate their current financial positions to determine if legislative steps are required over the next month.

 

“Further, I would again urge the House to pass Senate Bill 415 which would transfer over $15 million into the state’s rainy day fund immediately.  It should be painfully obvious at this point that any effort to spend any portion of this surplus would be ill-advised and harmful for our state’s fiscal standing.

 

“Significant work remains prior to the end of session to develop long-term comprehensive solutions to address the issues before us, and I remain confident we will come together to do so.  In the meantime, there is no reason we cannot take pragmatic steps to protect taxpayers and stabilize the state’s finances.”