Business & Economy
State Capital Budget Sails Through the House
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With little debate, the House Thursday approved a $137.4 million capital budget plan that utilized $105.7 million in federal funds.
InDepthNH.org (https://indepthnh.org/author/garry-rayno-indepthnh-org/page/36/)
With little debate, the House Thursday approved a $137.4 million capital budget plan that utilized $105.7 million in federal funds.
A negotiated agreement between the Republican and Democratic leadership led to the House approving its budget package Thursday on a voice vote after three hours of debate.
The long run of better than anticipated business taxes that has fueled the state’s budget surpluses over the past few years continues, but at a slower pace.
Advocates, health care providers, business organizations, cancer survivors, recovering addicts and patients of mental health services testified in support of a bill to reauthorize the state’s Medicaid expansion program permanently.
This week the House will take what is usually its most important vote before crossover, House Bill 1 and House Bill 2, or the state’s two-year operating budget for the next biennium beginning July 1.
The House Finance Committee put off a final vote on its work for the next biennial budget for several hours Wednesday, and then voted nearly down party lines to approve the two-bill package.
The proposed House budget does not adequately fund group homes for delinquent children that are essential to closing the Sununu Youth Services Center, members of the House Finance Committee was told Tuesday.
The budget being proposed by the House Finance Committee would slash the money going into the Education Trust Fund, while reducing its obligation to fund special education, school building aid and other programs.
The House has trimmed some of Gov. Chris Sununu’s proposed budget of $14.06 billion in total funds and $5.95 billion of general and education fund money.