We've Moved- Please Come See Us

Check out the new home for New Hampshire Watchdog:


Thursday, January 8, 2009

$500 million problem

Steve Norton, our counterpart at the left-leaning New Hampshire Center for Public Policy Studies, briefed House and Senate budget writers yesterday on the enormity of the pending deficit facing New Hampshire:
Norton estimated the state could face a $500 million revenue shortfall over the life of the next two-year budget that begins July 1.

Norton said the federal government helped states in 2001 by temporarily increasing the federal share of the Medicaid program. He said a similar boost is under discussion and could mean as much as $75 million a year in additional federal aid.

Governor John Lynch delivers his Inaugural Address later this morning. We'll see if it contains specific requests for spending cuts or tax and fee increases.

No comments:

Post a Comment