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State spending freeze locked in
She said despite the drop, state revenues remain above by $3.9 million for the fiscal year to date.
“The state does not have a revenue problem,” said Senate President Chuck Morse, R-Salem. “The problem is expenses.”
Hassan said state financial officials do not have enough information at this time to determine whether “this is a one-time issue or a permanent revenue decrease based on tax code changes, but we cannot wait to find out.”
He said the Senate would come back to address needed changes to the Medicaid Enhancement Tax.
“We assert that it is not this governor or the state employees who are holding NH back from being the best it can be,” the statement said.
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