New Hampshire Enters State Budget Season With Healthy Balance Sheet

Jan 10, 2019

 

Credit josh rogers / nhpr

With overall state tax collections up $106 million over estimates, Legislative Budget Assistant Michael Kane told the New Hampshire lawmakers who will write the state's next two-year spending plan that they will start the process with a $95.8 million cushion.

"Of that $95.8 million, about $74 million of that is the general fund; the other 28.1 roughly, is the education trust. So the education trust fund, for the first time in a over a decade, has a positive balance."

But Kane also stressed that the budget picture could change, based on the national economy. Right now, the state's rainy day fund is also in good shape. It contains $11o million.