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April 12. 2013 1:22PM

NH Watchdog: NH paying for decision to borrow Building Aid funds

(CONCORD, NH) New Hampshire’s decision to borrow money for three years to pay for the state’s Building Aid Program is adding a $27.6 million crunch to the current budget debate. Despite suspending new school construction projects from applying for state assistance several years ago, state taxpayers still owe more than $495 million over the next thirty years, and an additional $168 million just to pay off the bonds for the three years lawmakers took out loans to fund the program.

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