Home » News » Politics » State Government
Lawmakers go home but budget problems remain
Gov. Maggie Hassan warned lawmakers last week that if state revenues continue their downward trend in June, they may have to return this summer to approve budget cuts that could total tens of millions.
A significant shortfall in business taxes and interest and dividends revenue for April spurred Hassan to issue an executive order to freeze hiring, equipment purchases and out-of-state travel paid for with general fund money. Until April, the state had a $26 million surplus, but the shortfall nearly wiped it out.
Budget writers expect the state to take in $216 million in June, including $91.4 million in businesses taxes and $13.7 million in interest and dividends taxes, two closely watched sources of money.
But he said if there are continued problems with business taxes and departments are not meeting their lapses, he expects the situation will force the governor to make spending cuts, probably by early fall.
“This should make for a very interesting election year,” Arlinghaus said. “Anyone who promises additional programs and spending obviously will have a problem when there is no additional money (available).”
If hospitals had sought a refund and the Supreme Court affirmed the superior court ruling the MET was unconstitutional, the state would have had to find $185 million this fiscal year and would not have received $190 million in revenue next fiscal year.
“The next budget will be difficult because of the MET deal, but would have been more difficult without it,” Arlinghaus said. “But it is going to be difficult going forward. They don’t need any additional headwinds.”
READER COMMENTS: 0
- Timberlane schools want to be better communicators - 0
- PSU professor who was inspired by nurses honored for her own work - 0
- Keene State College holds student forum on pumpkin riot - 2
- Monitoring social media - 2
- Siege Day launched at Pinkerton; students gain hands-on experience with homemade catapults - 0
- Middle school student's mom says principal used chokehold - 0
- School board suspends driver's ed program in Manchester, will probe source of $180k deficit - 2
- Manchester middle school principal placed on leave - 2
- Lebanon begins search for new school superindendent - 0
READER COMMENTS: 0
- Apparent murder-suicide in Lincoln - 0
- Bullpen stakes Royals to 2-1 World Series edge - 0
- NHIAA: Lancers beat South - 0
- College Football: St. Anselm football loses third straight game - 0
- John Habib's City Sports: Tough decisions loom for Legion - 0
- A good first impression - 0
- NHIAA: Exeter keeps Memorial attack at bay - 0
- Windham clinches first with huge win - 0
- NHIAA: Campbell thumps Brady - 0
Blackwater verdict stuns NH dad
Hassan, Havenstein spar over education
Making it up: Shameless state Senate attacks
A good first impression
Thieves target cars in Hollis neighborhood