Press Releases

 

Entries in State Revenue (24)

Friday
Mar062015

NH Senate focused on balancing budget, growing economy 

The New Hampshire Senate

Republican Majority Office

 

(CONCORD) The New Hampshire Senate today voted 14-10 to table a package of dedicated fund transfers proposed by Governor Maggie Hassan. SB 233 would have raided dedicated funds within the Fish and Game Department and the Department of Safety, drawn down the State Self-Insured Fund Reserve by $5 million, and cut funds from both the Legislative and Judicial Branches.

 

“Just two weeks ago, the Senate voted to protect dedicated funds from exactly this sort of raid,” said Senate President Chuck Morse (R-Salem). “As the Governor works to keep state spending within the budget we passed two years ago, the Senate will continue to focus on ways to grow the New Hampshire economy.”

 

“Senate Republicans have been asking for more detailed information from the Governor on our current spending problem for the past nine months. And we look forward to her report on how her latest Executive Order is working,” added Senate Finance Chair Jeanie Forrester (R-Meredith). “In the meantime, we see no need to raid dedicated funds to cover for overspending in other departments. This bill is not a responsible solution to our state’s spending problem.”

 

Wednesday
Mar042015

NH Sen Boutin touts strong February revenue report 

The New Hampshire Senate

Republican Majority Office

(CONCORD) Senate Ways and Means Committee Chair David Boutin (R-Hooksett) issued the following statement on the February Revenue Report, which showed state revenues exceeded projections by $4.7 million dollars. 

“Strong revenues from February are a good sign. With just four months left in this fiscal year, revenues are $34.5 million ahead of plan., and business taxes receipts have shown considerable improvement over the last three months. We will continue to monitor revenues closely in March, which is the largest month of the year for state revenues.”

Wednesday
Feb042015

NH Sen Boutin pleased with January Revenues 

NH revenues nearly $30 million ahead of schedule

Concord, NH -- The New Hampshire Department of Revenue Administration’s monthly revenue report for January shows that with just five months left in the fiscal year, revenues are nearly $30 million over the conservative revenue estimates backed by Senate Republicans.

“In January, New Hampshire experienced another month of positive revenue growth overall,” said Senator David Boutin (R-Hooksett). “Revenue numbers continue to come in just above our conservative estimates.“

“Month after month, we confirm that New Hampshire doesn’t have a revenue problem. In fact, we’re going to end January nearly $30 million ahead of our budget estimates. We have a spending problem, and the Governor and Legislature need to focus on ways to address overspending.”

 

Wednesday
Jan072015

NH Sen. Boutin Applauds Strong December Revenues  

Conservative estimates continue to pay dividends for NH

 

Concord, NH – Senate Ways and Means Committee Chairman David Boutin (R-Hooksett) applauded today’s strong December revenue report from the Department of Administrative Services. Revenues for the month came in $14.3 million ahead of plan, and are $19.2 million above projections with six months left in the 2015 budget year.

 

“Two years ago, the Senate insisted on adopting conservative revenue estimates to protect New Hampshire taxpayers from a budget shortfall. That decision continues to pay dividends for New Hampshire,” Boutin said.

 

Entering the month, business tax receipts had been running behind projections, but were offset by stronger revenues from other sources. FY14 revenues came in $3.1 million higher than anticipated, and FY15 revenues are currently $19.2 million above plan. That leaves the state revenues $22.3 million above projections with six months lefts in the current two-year budget, which runs through June 30th.

 

“I’m encouraged by the improved performance in business tax revenues. It shows that the New Hampshire economy is improving, thanks in part to the tax reforms we’ve passed over the past four years,” Boutin added. “The December revenue report provides more useful information as the Senate Ways and Means Committee begins crafting revenue estimates for the next two year budget.”

 

The Senate Ways and Means Committee meets next week to hear from both the Legislative Budget Assistant’s Office and the Department of Revenue Administration.

 

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Wednesday
Jan072015

Rep. Major statement in response to NH Revenue Numbers

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The following is a statement from Rep. Norman Major (r-Plaistow), the chairman of the House Ways & Means Committee in response to the state’s revenue numbers that were released this morning.

 

“The revenue numbers released today clearly shows that our revenues, year to date, are on track.

In fact, state revenues for the last 18 months meet or exceed the estimates set forth in the plan.”