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NHFPI Statement on State Budget Agreement

September 16, 2015 News

FOR IMMEDIATE RELEASE
September 16, 2015

NHFPI Statement on State Budget Agreement

Concord, NH – The New Hampshire Senate and House of Representatives today approved the state budget agreement for FY 2016-2017. New Hampshire Fiscal Policy Institute Executive Director Jeff McLynch issued the following statement:

“Governor Hassan and members of the New Hampshire legislature should be commended for working together to craft a budget that seeks to meet the needs of all New Hampshire’s citizens and, in particular, for ensuring funds are available to support the previously agreed upon contract with state employees.

“While the agreement ratified today conditions future reductions in the rates of the business profits and business enterprise taxes on attaining a particular revenue threshold, NHFPI remains concerned about the long-term impact of such reductions and the effect they will have on New Hampshire’s ability to invest in public services like education and infrastructure that are critical to the state’s economic future.

“It should be clear from the past nine months of budget deliberations that New Hampshire already lacks sufficient resources to meet its needs. Reducing revenue still further will only make it harder to maintain our roads, educate our children, and provide health, safety, and other public services essential to a strong economy and shared prosperity for all in the Granite State.

“Hopefully, the bipartisan collaboration that produced today’s agreement lays the foundation for the expeditious reauthorization of the New Hampshire Health Protection Program in early 2016. More than 41,000 Granite Staters now participate in that program. Swift action will be needed to ensure they maintain access to affordable health coverage and that hundreds of millions of federal funds continue to flow into the state’s economy.”

 

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Elections Highlight Continuing Questions About Keno Revenue

8 Nov 2017

tree with coins

While results are still preliminary, Keno gaming appears to have been legalized in seven cities around New Hampshire as a result of Tuesday’s votes. The margin of victory in Rochester for Keno legalization was reportedly only one vote and may still be subject to change or recount, but voters appear to have legalized Keno gaming in Berlin, Claremont, Laconia, Manchester, Nashua, Rochester, and Somersworth. Voters in Concord, Dover, and Keene voted against Keno gaming legalization. Franklin had legalized Keno gaming previously, and the Portsmouth City Council decided to not put Keno on the ballot. Other municipalities, including the City of Lebanon, may make decisions regarding Keno legalization next year. These results have implications for State policy and finances.