New Hampshire is a Fiscal Disaster…Thank You Governor Lynch

By Jim on March 29th, 2008

More evidence that Lynch’s tenure as governor has been a disaster. We really need to get rid of him and the Democrats in November. His reckless spending and the Democratic legislature’s addiction to taxes and fees has put New Hampshire in a terrible position financially right now.

With state revenues “deteriorating,” state government is on track to end the current fiscal year and two-year budget cycle in worse financial shape than previously predicted, according to a new report.

“In each of the last four months, state revenues have fallen further and further behind the amount needed for the state budget,” says conservative researcher and commentator Charlie Arlinghaus, president of the Josiah Bartlett Center for Public Policy.

Arlinghaus, who authored the policy report released this week, said yesterday that at the current rate of growing monthly tax revenue shortfalls, “revenues will end the year at least $91 million behind the budget and even higher if business taxes also deteriorate. The two-year budget shortfall will be between $205 million and $250 million.” The fiscal year ends on June 30, 2008, and the two-year budget cycle ends on June 30, 2009.