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NHFPI Statement Regarding Senate State Budget Vote

FOR IMMEDIATE RELEASE
June 4, 2015

 

NHFPI Statement Regarding Senate State Budget Vote

Concord, NH – The Senate today approved their version of the state budget for the FY 2016-2017 biennium, opting to include a series of revenue draining business tax cuts while declining to reauthorize the state’s Medicaid Expansion program. New Hampshire Fiscal Policy Institute Executive Director Jeff McLynch issued the following statement:

 

“The fiscally irresponsible budget approved by the Senate today reduces the state’s already limited revenue while simultaneously neglecting to adequately fund mental health, higher education, and other critical programs.”

“In light of the Department of Revenue Administration’s new findings that the Senate’s proposed tax cuts will primarily benefit a small number of very large businesses operating in the state, we should be especially concerned that these revenue losses will simply flow out of the state with no benefit to New Hampshire.”

“There is no guarantee that these tax cuts will produce jobs or economic growth for New Hampshire, but they will leave the state with fewer resources to invest in the things we need today to keep our economy strong: good schools, safe roads, a healthy workforce, and public services that support the state’s current high quality of life.”

“New Hampshire needs to compete on the things that really matter to residents and businesses alike. We need reliable infrastructure, affordable higher education, strong communities, and clean parks and recreation spaces if we are to attract new employers and residents to the state, and to ensure that those who are already here make the decision to stay.”

“By declining to reauthorize the New Hampshire Health Protection Program, this budget creates needless uncertainty for the more than 40,000 individuals who are currently enrolled in the program and may lose access to health coverage.”

“While the Senate’s budget makes some important strides in restoring funding for vital human services, it leaves many gaps that will hurt our citizens and threaten New Hampshire’s future success.”

 

The New Hampshire Fiscal Policy Institute is an independent, non-profit, non-partisan organization dedicated to exploring, developing, and promoting public policies that foster economic opportunity and prosperity for all New Hampshire residents, with an emphasis on low- and moderate-income families and individuals. Learn more at www.nhfpi.org.

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CONTACT:
AnnMarie French
603-856-8337, x 2

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