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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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NHFPI Seventh Annual Conference

NHFPI Annual Conference

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New Hampshire’s Minimum Wage Falls Further Behind

6 Jan 2020

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The federal minimum wage is the lowest hourly wage that can be paid to most workers anywhere in the nation. Since its inception at the national level in 1938, when only certain workers were covered, the wage has increased and encompassed more types of employees over time. State law sets New Hampshire’s minimum wage to the federal minimum level, currently at $7.25 per hour. An individual working 40 hours per week at this wage will make about $15,000 per year, assuming they work all 52 weeks. This income level is below the federal poverty guidelines for all households other than a single person, and well below the levels for households that include a partner and children.