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State Revenues Continue to Run Ahead of Schedule
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State revenues continue to return better than expected receipts, with coffers holding about half a billion dollars in revenue surplus going into the final month of the 2023 fiscal year.
InDepthNH.org (https://indepthnh.org/author/garry-rayno-indepthnh-org/page/26/)
State revenues continue to return better than expected receipts, with coffers holding about half a billion dollars in revenue surplus going into the final month of the 2023 fiscal year.
The legislative biennial budget procession will hit the third milestone this week when the Senate meets Wednesday to vote on its proposed $15.1 billion two-year operating budget.
The Senate Finance Committee approved its proposed $14.47 billion operating budget Thursday which the Senate will vote on next week.
The Senate Finance Committee gave its approval to an estimated $15 billion two-year budget plan Tuesday that members will vote on June 8.
In an attempt to provide more funding for needy communities, the Senate Finance Committee Tuesday decided to add about $11.5 million to its new education funding program.
The Senate Finance Committee agreed to a seven-year reauthorization of the state’s Medicaid expansion program covering about 60,000 Granite Staters.
Last week, the third overhaul of the state’s education funding formula was unveiled before the Senate Finance Committee, which decided to include it in the Senate’s proposed state budget for the next two years.
The Senate Finance Committee Friday approved a new education funding formula that would provide $2.08 billion in state aid for education.
The Senate Finance Committee decided Thursday the Education Trust Fund and what it supports should remain as it is in statute.