Like the plan offered by Gov. Hassan earlier this year, the version of 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. Gov. Hassan’s budget presumes that New Hampshire will legalize casino gambling and that license fees will produce $80 million for the General Fund this coming biennium. The House Finance Committee does not count upon such revenue and has a spending package that is $54 million lower than the General and Education Fund appropriations recommended by the governor.
A few other differences:
- The House budget proposal provides $12 million less than the governor’s for the University System of New Hampshire.
- The House budget proposal provides almost $33 million less than the governor’s in uncompensated care payments to local hospitals.
- The House budget is very similar to the governor’s in terms of estimates from current revenue sources but assumes $24 million more from a new legal settlement with cigarette manufacturers.
To see a more complete analysis of the House Finance Committee’s recommended budget, click here