One newspaper’s front page headline on Tuesday read, “For NH budget writers, it’s doom and gloom.”
The article was about a long day of briefings for House and Senate Finance and Ways and Means Committee members. Every two years the House and Senate invite in economic experts and analysts to put things in perspective as the budget writing process is beginning.
I remind my colleagues that the Governor will take the first step next month when she announces her budget plan in an address to a joint session of the legislature. That address will set out her spending plans that will tell us her policy goals. And she will explain her predictions on revenue for the next two years beginning on July 1.
Here is some of the news legislators heard.
First, economic growth is anemic. It is taking us longer to recover from the recession which officially ended months ago. And New Hampshire for the first time in memory is recovering more slowly than other states in New England except for Rhode Island. New England is also recovering more slowly than the rest of the country. That’s not good. Continue reading
Filed under: Capital Comments, Commerce, New Hampshire, Opinion, Politics & Public Policy, State Government | Tagged: Bob Odell, economic growth, Government spending, New Hampshire budget, New Hampshire legislature | Leave a comment »