CarriageTowneNews.com, Kingston, NH

My Opinion

May 8, 2014

My Opinion: May 8, 2014

(Continued)

Although this bill has good intentions, I could not vote for it because the effective date of the bill is unconstitutional. Part I, Article 10, states “Government being instituted for the common benefit, protection, and security, of the whole community, and not for the private interest re emolument of any one man, family, or class of men...” Article 23 also prohibits retrospective laws, and the effective date in the Applicability section was retroactively set at March 12, 2012, to benefit one Manchester police officer, who was wounded in the performance of his duty. Bill committee A-1427h passed (N) RC 199-120, Floor A-11492h failed (Y) RC 133-189, bill passed OTP-A (N) D 211-111, and was sent to Finance Committee as 2nd committee.

SB-375, establishing a committee to study the creation of a flood mitigation fund for private property owners. This bill establishes a committee to study the creation of a flood mitigation fund for private and municipal property owners.

This bill is unnecessary because “flood mitigation fund” is just another way of saying “flood insurance”, which is a normal function of the private sector. Why should the state get involved in “private” problems? The committee amended.

A-1329h passed (N) D 169-107. Bill passed OTP-A (N) RC 165-124.

New subject. I have a real concern over the newly released Standard & Poor’s report revising the outlook from stable to negative on New Hampshire’s general obligation and state-guaranteed bonds citing, “Relatively low reserves, with a rainy day fund balance of less than 1% of expenditures,” and “Low pension funding level, currently 56.7%, well below that of most other states, which we believe could result in additional pressure on future budgets”, in addition to concern over the recent Medicaid Enhancement Tax court rulings.

We were warned back in January by our State Treasurer, that without a significant change in policy in regards to our Rainy Day Fund, we could see our credit rating drop, but the House Democrat leadership dismissed the warning and continues to spend at will. We really need to pass SB-415, and then get the Governor to sign it, as soon as possible to ensure that last year’s surplus is saved and not spent, and will be available in the event of a revenue emergency. Unfortunately this term, the Republican effort to stop spending has been over-ruled by the Democrats.

(Editor’s Note: NH State Representative Mike Kappler can be reached at l.mikekappler@comcast.net)

 

 

 

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