RAYMOND —When our legislators act irresponsibly, like they did in passing HB-1 and HB-2, we all have to pay the price. With about 40K people in NH looking for work, the passage of these bills will add an additional $39M out of our small businesses that could have been used to create jobs and grow business. This budget was balanced on very unrealistic revenue estimates, and in the long run will really cost businesses and the taxpayers of New Hampshire. New Hampshire had been in the 47-48 of fifty worst states in the nation for business taxes, but the current Republican budget was starting to turn this trend around. The budget the House passed will reverse this trend.
Let me start by saying, this is my HB-1 and HB-2 budget information, to the best of my knowledge. The budget was passed by the House and now goes to the Senate for changes. The final vote on the approved and amended budget probably won’t be until June.
While our working families are cutting back, and making some very serious family and business decisions, we cannot truly support the growth of state government. Not only that, we deserve an honest, open discussion about all the costs in the budget. This budget includes over $600M in spending authorization that is not included in the actual budget, HB-1. The House Democratic leadership wants everyone to believe that the budget is $11.1B, but actually it’s $11.7B and grows the state government by 16%, not the 10% they claim.Why is the House hiding this $600M? Can you and your family afford to pay this increased 16%? I can’t.
This budget relies on rosy estimates, about $31M more than the conservative estimates by those with exceptional track records, like Rep. Major. If you remember back when the Democrats did the 2009-10 budget, it required a special session of the legislature to correct the problems.