N.H. Revenues Projected At $59 Million Below Gov. Sununu's Budget Plan
House budget writers will have less money to work with than Gov. Chris Sununu did in crafting the next two year state spending plan.
The House Ways and Means Committee projected state tax revenues for the next biennium to be nearly $59 million below what Gov. Sununu presented in his budget plan last month.
Rep. Norman Major, who chairs that committee, says the gap comes from Sununu's decision to include one-time money in his calculations, as well as a difference in business tax projections.
House Finance Chairman Neal Kurk says this will make House budget writers' job a little more difficult.
“We are going to have to eliminate some programs, perhaps that the Governor might have proposed that have not started yet and we might have to fund existing programs at lower levels in order to present that balanced budget,” Kurk said Thursday morning.
But Kurk expects revenue estimates to increase in March and April as they have historically.
NHPR reached out to the Governor's office but has yet to receive comment.