New Hampshire Budget Surplus?
This is the first I’ve heard that we have a surplus.
New Hampshire’s budget surplus has grown to $63 million, thanks to the receipt of some additional business taxes.
Colin Manning, spokesman for Gov. John Lynch, said Wednesday that business taxes filed late bumped up the $25 million surplus announced three weeks ago. The surplus is for the fiscal year that ended June 30. The surplus doesn’t include another $9 million in the state’s savings account.
The Legislature met in special session June 9 to close a projected $295 million shortfall for the two-year budget cycle ending July 2011. Lawmakers counted on receiving $48 million in federal Medicaid funding that Congress has not approved.
I’m somewhat skeptical about this. If there is s surplus, I wonder how long before it will be spent. And if it’s coming from more business taxes, how is that going to help businesses hire people in New Hampshire?
I think the best thing that could happen for New Hampshire in November is for Governor Lynch to get a Republican legislature. That will push him to the right in terms of spending, and might help the state restructure its priorities and spending habits. If he gets another Democratic legislature, I see nothing happening to stop some of the ridiculous spending in Concord.
And no, the Republicans are not all peaches and cream either. But divided government does have its advantages.
Related posts:
- Fergus Cullen on John Lynch’s Budget Woes
- Governor Lynch and the NH Deficit
- Governor John Lynch’s Budget Problems in New Hampshire
- New Hampshire is a Fiscal Disaster…Thank You Governor Lynch
- Tax and Spend Democrats At It Again in New Hampshire
This is pure idiocy. There is no ‘surplus’ and John Lynch needs to be FIRED.
What is wrong with you GOPers to vote for him?
THAT MEANS YOU JANE NEWMAN!