Business & Economy
New Hampshire Not Alone in Potential Budget Shortfall
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New Hampshire is not alone in facing budget cuts, increased taxes or tapping its rainy day fund in the next few years to balance its financial books.
InDepthNH.org (https://indepthnh.org/author/garry-rayno-indepthnh-org/page/7/)
New Hampshire is not alone in facing budget cuts, increased taxes or tapping its rainy day fund in the next few years to balance its financial books.
Under a cloud of shrinking state revenues some lawmakers are proposing a bill that could add $102 million or more a year in state spending.
But in recent years, the New Hampshire legislature has been attempting what was once the unthinkable in our Granite State, trying to upend once precious “local control.”
With the 2025 fiscal year half over, the state faces a revenue deficit large enough to wipe out last fiscal year’s surplus and end the biennium in red ink.
If you followed the New Hampshire legislature the last few terms and listened to Education Freedom Account advocates, you would think public schools are cesspools of indoctrination, obscene materials, bullying and protectors of perverts.
The program in its fourth year has grown from 1,635 students its first year to 5,321 students this school year, an increase in four years of 225 percent.
Thirty years ago Republicans had long controlled state government until Jeanne Shaheen and other Democrats helped make NH a two-party state in the latter part of the 20th Century.
New Hampshire lawmakers have decreed that most of the “gifts” from the state do not go to the needy, but to those on the other end of the economic spectrum.