“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness.” (“A Tale of Two Cities”). Charles Dickens’ words may aptly be applied to 2020 New Hampshire vs. 2010 New Hampshire—an age of wisdom vs. and age of foolishness re: state fiscal policy.
Articles tagged as
Rainy Day Fund
Battle of the Budgets
Should government spending go up? Is it reasonable or sustainable to increase the biennial state budget by more than 13%. Is the economy growing that fast? Is the population growing that fast? If we add together the growth in population and economic growth are we growing that fast? The answer is Hell No. Legislature Vs. … Read more
NH Budget Plan
You can’t have too much taxation In the first 10 weeks of the 2019 legislative session, the New Hampshire House of Representatives passed nearly $310 million in annual tax and fee increases. That is exclusive of the changes in subsidy levels for green energy which will significantly impact your electric bill. So how much of … Read more
It isn’t often that Government gets rid of a tax – Celebrate it!
Especially when it is on something we use everyday (reformatted, emphasis mine): Consumption tax axed With the new year came a little-noticed state tax repeal. It’s the electricity consumption tax, a charge on everyone’s electricity bill created back in 1978 after construction started on the Seabrook nuclear power plant…Lawmakers decided to make this tax go away … Read more
Deficit – What Deficit?
The party that is bringing civility ( see here, here, here, here, here, here (sigh) here, here, a big one right here,…) ran on the idea that the New Hampshire Republican House and Senate was leaving New Hampshire with a deficit, a presumption only “slightly” less dishonest than the notion that Democrats are civil, or half as dishonest as the idea that democrat Carol-Shea-Porter even knows the gun laws in her own state. Turns out, as usual, they were wrong.
“At this point, if spending levels come in as predicted, the state could end the budget cycle (the result of the budget passed two years ago) with a $43 million balance…”
Now to be fair, 63% of this projected Republican Surplus is from a lawsuit windfall, the rest is just taxes being caught up etc, but either way the Republicans leave the new budget writers without the need to pay for 800 million in fixed spending for which there was no revenue, with something extra for the rainy day fund.
So yeah, about that…