Home » Opinion » Editorials
NH's budget picture: Big decisions must come soon
The Legislative Budget Assistant's Office says the state is headed for a $25 million budget shortfall this year because hospitals are withholding their Medicaid enhancement tax payments in a dispute with the state over the tax. (The shortfall could be closer to $35 million, some legislators believe.)
Counting on new revenue from a growing economy would be a mistake, several economic analysts have said. The state's economy is expected to remain sluggish this year. And that leaves legislators and the governor in a pickle.
Gov. Maggie Hassan and many Democrats campaigned last year on promises to "restore" spending cuts by Republicans in the last budget cycle. But as legislators are seeing this week, the money simply is not there. As House Ways and Means Committee Chairman Susan Almy noted, there is not even enough money to fund the state's current operations, much less pay for anything on top of that.
It looks as though Hassan and the Democratic leaders in the House have to choose one of three paths: 1) pull back from the "restoration" on which they campaigned (thus tacitly acknowledging that Republicans were right when they said there was not enough money); 2) approve massive tax increases; or 3) bet everything on a swift approval of casino gambling, which would have to include the immediate sale of casino licenses worth tens of millions of dollars.
Gov. Hassan has some pretty big decisions to make in the next few weeks.
READER COMMENTS: 0
- Thomas Sowell: Playing the race card at the border - 0
- Another View -- John Dumais: Mandatory GMO labeling is all cost, no benefit - 5
- Another View -- Stephen L. Carter: Why is the left going after profit? - 8
- Clifford D. May: Pinpointing the cause and effect in Gaza - 2
- You Turn, NH -- Suellen Griffin: There is first aid for mental health, too, and it works - 2
- Pat Buchanan: We are transforming into the Brazil of North America - 2
- Gail Fisher's Dog Tracks: Before your dog takes a dip in fresh water, learn about toxic algae risks - 0
- Another View -- Yehuda Yaakov: What Israel is up against - 7
- Another View -- Betsy McCaughey: Scaremongering is the left's hobby - 2
READER COMMENTS: 0
- Another View -- Gilles Bissonnette: To keep Libertarians off the ballot, NH violates their rights - 0
- Insanity: Obamacare and the rule of law - 0
- Tom Woodlock All-Stars primed for success in Babe Ruth tournament - 0
- Manchester waives right to buy Millyard building - 0
- Police search for missing Stratford woman - 0
- Blue Jays cool off Red Sox - 0
- Passers-by, including two active-duty Army soldiers, help rescue mom, daughter in I-93 rollover - 0
- Manchester panel OKs new academic standards, despite Common Core criticism - 0
- Still no budget in Nashua - 0
Passers-by, including two active-duty Army soldiers, help rescue mom, daughter in I-93 rollover
Market Basket workers urged to 'shut it down'; deposed CEO urges fired workers be given jobs back
U.S. appeals courts issue conflicting rulings on Obamacare exchange subsidies such as NH's
Insanity: Obamacare and the rule of law