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NHFPI Testimony Before the House Finance Committee Regarding FY 2016-2017 State Budget

March 5, 2015 State Budget
New Hampshire State House

On March 5, NHFPI Executive Director Jeff McLynch provided testimony regarding the FY 2016-2017 state budget at a public hearing held before the House Finance Committee. His testimony expressed support for two key elements of Gov. Hassan’s FY 2016-2017 budget proposal. First, the proposal acknowledges the chief source of New Hampshire’s fiscal challenges – the failure of its revenue system to recover from the last recession – and offers multiple recommendations to begin to address it. Second, the proposal extends the New Hampshire Health Protection Program beyond 2016, providing greater certainty for Granite State workers, health care providers, and others, while maintaining fiscal protections originally included in the legislation creating the program.

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The Senate’s Proposed FY 2014-2015 Budget

June 13, 2013 State Budget

In the aggregate, the levels of spending approved by the House of Representatives and the Senate via their respective versions of the FY 2014-15 budget are relatively similar. The lower chamber would appropriate $4.55 billion in General and Education Funds over the next two years; the upper body would provide $4.59 billion. Of course, while the House and Senate may arrive at destinations that are fairly close to one another, the paths they follow to get there are quite different. Here’s a closer look at the Senate’s plan.

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House Finance Committee’s Proposed FY 2014-2015 Budget

April 2, 2013 State Budget
NH flag

Like the plan offered by Gov. Hassan earlier this year, the FY 2014-2015 budget the House of Representatives will consider this week begins to undo some of the damage wrought by several years of spending cuts. The principal difference between the two budgets centers around casino gambling. In total, the House would spend $187 million or 4.2 percent more than what New Hampshire is expected to spend in the current biennium, but it is approximately $54 million lower than the General and Education Fund appropriations recommended by the Governor and does not include $80 million in potential licensing fees from gambling.

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House Finance Committee Finalizes Full Budget

28 Mar 2017

tree with coins

The House Finance Committee completed its version of the budget on March 28, which is two days ahead of the deadline set by legislative leadership. With the House Ways and Means Committee projecting $86.7 million less in revenues than Governor Sununu’s projections for State fiscal years (SFY) 2017, 2018, and 2019, the House Finance Committee was restricted to using less surplus income from SFY 2017. The House also expects $58.8 million less revenue to come in during SFYs 2018 and 2019, requiring a smaller budget relative to the $12.185 billion plan put forward by Governor Sununu.