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Tobacco Settlement Funds Up in Smoke?

April 9, 2013 Common Cents

The Senate Ways and Means Committee may exclude from projected revenues $24.1 million from a new settlement with tobacco companies.

This key component of the House budget was called into question today as the senators met to begin hammering out revenue estimates for their version of the 2014-2015 budget.

Testimony from Assistant Attorney General David Rienzo suggests the money may not be available in the next budget cycle because other states, those that are not parties to the new agreement, will seek to block it from taking effect. This led committee Chairman, Sen. Bob Odell, to suggest that it would be unwise to rely on such revenue in putting together the FY14-15 budget.

As passed on April 3, the House’s version of the budget expects that New Hampshire will receive, on net, $21.6 million in FY 2014 and $2.5 million in FY 2015 due to a new legal settlement with cigarette manufacturers. New Hampshire is one of roughly 30 states that have elected to settle a dispute with cigarette manufacturers over the enforcement of the 1998 master settlement agreement (MSA). This new agreement will likely yield a net lump sum payment for the state of about $17 million, with modest increases in the size of the annual payments the state currently receives.

The Office of the Legislative Budget Assistant had suggested to the House Finance Committee back in March that the state could receive payment as early as April 15, 2013.

But the timing of that lump sum payment appears uncertain. Consequently, the Senate’s version of the budget may have to reduce spending by that amount or compensate by generating additional revenue from other sources.

 

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Expanded Medicaid Proposal Moves Forward with Changes to Work Requirements

11 Apr 2018

tree with coins

On April 5, the New Hampshire House of Representatives passed an amended version of expanded Medicaid reauthorization that modifies the work requirements outlined in the State Senate’s proposal and makes a variety of other, smaller changes. The House accepted the amendment from the House Health, Human Services, and Elderly Affairs Committee and voted to move the bill to the House Finance Committee for a second review. Approximately 52,000 low-income Granite Staters rely on expanded Medicaid for access to health care, and the State Legislature must reauthorize the program for it to continue beyond the end of this year.