Tue January 8, 2013
N.H. Treasurer Urges $125M Capital Budget Limit
New Hampshire's treasurer is urging lawmakers to limit borrowing for public works projects supported by state taxes in the next capital budget to $125 million.
State Treasurer Catherine Provencher told the House Public Works and Highways Committee on Tuesday that New Hampshire is viewed favorably by Wall Street because of how well it manages its debt. She said her recommended $125 million cap should include any borrowing approved for University System of New Hampshire projects.
Lawmakers have included more than $30 million in each budget for a decade for university system projects. The university system has asked for another $180 million.
Committee Chairman David Campbell, a Nashua Democrat, said the state has other needs.
The Corrections Department is asking for $61 million, mostly to build a women's prison.