Press Releases

 

Entries in Tax Credits (29)

Saturday
Jun142014

Josiah Bartlett Center - Budget Problems and Mismanaged Tax Credits 

Weekly Update from the
Josiah Bartlett Center

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

The state may or may not face a budget crisis depending on who you believe. In the face of what she thinks is a crisis, the governor imposed the mildest of spending restrictions on every part of state government. Until we know the problem better, she decided to impose the time honored first step: a freeze on new hiring and out-of-state travel. It doesn’t save much money in the short term but it’s symbolic. Click here to keep reading


As reported in the Nashua Telegraph, a Legislative audit of the Division of Economic Development, within the Department of Resources and Economic Development found that in 2011 and 2012, $875,750 was improperly given out as tax credits, while an additional $121,000 worth of tax credits were not given to business that were eligible to receive them. This mismanagement accounts for nearly half of all the tax credits granted by the Division. The specific programs in question are the Economic Revitalization Zone (ERZ) tax credit and the Coös County Job Creation (CCJC) tax credit. Click here to keep reading

 

Tuesday
Jan142014

NHGOP Statement On Hassan Asking Supreme Court To Uphold Ruling On Education Tax Credits

NHGOP Banner

ConcordNew Hampshire Republican State Committee Chairman Jennifer Horn released the following statement today in Governor Hassan asking the State Supreme Court to uphold a ruling that deems education tax credits unconstitutional.

 

"Education choice is about parents being able to find the best possible educational opportunities for their children, regardless of family income. We must put an end to the era of allowing zip code to determine educational outcome. The School Choice Bill passed last session leveled the playing field, offering even our poorest students the opportunity to access the educational environment that is best for them.

 

"Governor Hassan's attempt to destroy this worthy program displays an elitist and callous disregard for the most vulnerable students in our community. Private funds, not taxpayer dollars, support Education Opportunity Tax Credit Scholarships raising more than $150,000 to support the students who have applied for them. It is obvious that citizens of New Hampshire are supportive of this critical program and want to see it continued."

Thursday
Apr182013

Rep. William O'Brien's Comments on the Senate Tabling of the Repeal of the New Hampshire Education Choice Law

Concord - Today Rep. William O'Brien (R-Mont Vernon) offered the following comment on the Senate Tabling of the Repeal of the New Hampshire Education Choice Law:

“I join with many parents and all in New Hampshire who believe that children of low and moderate income families deserve the best education possible in congratulating the Senate for preserving equal education opportunities for those families by tabling HB370, the repeal of the New Hampshire Education Choice Law. Giving parents more public and private school choices when it comes to the education of their children is going to expand elementary and high school educational opportunities for our children and, through competition, will improve public schools.  That this will be done, not by more government spending, but by business tax credits and that the program will allow us to use our public school dollars on educating fewer students, makes the opposition to this law inapplicable, unless that opposition is founded on reasons other than what is best for children.  We need to see more money-saving, opportunity-expanding programs such as the New Hampshire Education Choice Law on both the state and federal levels.”

Thursday
Apr182013

NHDP Statement on Senate Republicans Irresponsible Education Voucher Vote 

Concord - New Hampshire Democratic Party Communications Director Harrell Kirstein released the following statement on Senate Republicans decision to table HB370, a bill repealing the irresponsible school voucher program.

"The irresponsible education voucher passed by the Jeb Bradley and Bill O'Brien led Tea Party Republicans damages New Hampshire public schools, is fiscally irresponsible and must be repealed. Vouchers shift limited state funds away from public school districts, and downshift the cost of reduced adequacy payments to local communities and property tax payers.  The voucher program allows a radical out of state right wing fringe group bent on the destruction of public education to determine the use of public education funds. 


"It is disappointing that Senator Odell and Senator Stiles flip-flopped on education vouchers. Their choice today was simple, and unfortunately they chose to stand with the Bill O'Brien and Jeb Bradley led Tea Party instead of with New Hampshire students and public schools."
Thursday
Apr182013

Senate Republican Leaders Comment on Tabling of Education Tax Credit Repeal

The New Hampshire Senate

Republican Majority Office

Senate President Peter Bragdon (R-Milford) and Majority Leader Jeb Bradley (R-Wolfeboro) issued the following statement today after the tabling of HB370, which would have repealed the Education Tax Credit Program enacted in the previous legislature:

“When we took office following the 2010 elections, we pledged to support legislation that would lower taxes, create jobs, promote opportunity, reign in government regulation, and encourage personal liberty – and we are proud of the legislation we enacted in furtherance of those objectives.  As a part of that effort, the Education Tax Credit Scholarship Program passed with overwhelming majorities because it expands opportunities for low-income parents and students and does so without increasing the tax burden on individuals or municipalities.  Senate Republicans will oppose efforts to undo the work of the last two years, as we did earlier today by tabling legislation seeking to repeal the innovative tax credit program.”