June 22, 2024

NORDchinaz

The Business & Finance guru

NH Residence Finance Committee passes $14B point out finances

HEAD THERE TOMORROW TO Check out TO Catch THEM. Any person WITH Data Should really Phone BARNSTEAD Law enforcement. A NEW Point out Spending plan IS ON ITS WAY TO THE NEW HAMPSHIRE Household Flooring. THIS AFTERNOON THE Home FINANCE COMMITTEE Handed A 2-Calendar year, 14 BILLION Greenback Spending Strategy ON A 14-10 VOTE, WITH MOST DEMOCRATS OPPOSED. REPUBLICANS SAY They’ve HELD THE LINE ON TAXES Whilst Offering THE 10 Percent State Staff Fork out Elevate THE GOVERNOR Named FOR. DEMOCRATS OPPOSING THE Spending plan SAY IT DOES NOT GIVE More than enough OF A Enhance TO MEDICAID Company REIMBURSEMENTS… NOR DOES IT Handle Serious School FUNDING Problems. ((CLIP 3835)) ((15:09:13 – 15:09:23)) <"IT'S A BUDGET THAT DOES NOT INCREASE A SINGLE TAX OR FEE, BUT IT ALSO REMOVES THE ONLY INCOME TAX NEW HAMPSHIRE COULD HAVE, THE INTEREST AND DIVIDENDS TAX, WE GOT RID OF THAT IN THIS BUDGET"> ((CLIP 3837)) ((15:20:22 – 15:20:29)) <"WE'LL SEE WHAT HAPPENS

NH House Finance Committee passes $14B state budget on 14-10 vote floor vote expected April 6

A new state budget is on its way to the New Hampshire House floor.Wednesday afternoon, the House Finance Committee passed a two-year, $14 billion spending plan on a 14-10 vote, with most Democrats voting in opposition.Republicans said they’ve held the line on taxes while delivering the 10% state employee pay raise called for by Gov. Chris Sununu.Democrats who opposed the budget said it does not give enough of a boost to Medicaid provider reimbursement rates, nor does it address chronic school funding issues. “It’s a budget that does not increase a single tax or fee, but it also removes the only income tax New Hampshire could have, the interest and dividends tax, we got rid of that in this budget,” said Rep. Joe Sweeney, R-Salem. “We’ll see what happens on the floor next week,” said Rep. Mary Jane Wallner, D-Concord. “I don’t think it’s over yet — it’s never over till it’s over.”It’s not clear if this budget will have the votes to pass when the House meets next week.

A new state budget is on its way to the New Hampshire House floor.

Wednesday afternoon, the House Finance Committee passed a two-year, $14 billion spending plan on a 14-10 vote, with most Democrats voting in opposition.

Republicans said they’ve held the line on taxes while delivering the 10% state employee pay raise called for by Gov. Chris Sununu.

Democrats who opposed the budget said it does not give enough of a boost to Medicaid provider reimbursement rates, nor does it address chronic school funding issues.

“It’s a budget that does not increase a single tax or fee, but it also removes the only income tax New Hampshire could have, the interest and dividends tax, we got rid of that in this budget,” said Rep. Joe Sweeney, R-Salem.

“We’ll see what happens on the floor next week,” said Rep. Mary Jane Wallner, D-Concord. “I don’t think it’s over yet — it’s never over till it’s over.”

It’s not clear if this budget will have the votes to pass when the House meets next week.