Just two years ago, the budget for the state of New Hampshire exceeded $10 billion for the first time. Today, House Democrats propose a budget they say would make "painful" cuts to state programs and services while spending $11.5 billion.
How more than 11 percent budget growth in two years could equal painful cuts is one of the great mysteries of government.
The regional consumer price index rose just 3.5 percent from 2007 to 2008, and prices from January 2008 to January of this year are basically flat. How can state government grow more than three times faster than inflation while revenues grow more slowly?
Wednesday, April 8, 2009
Going up: The budget's trajectory
The Union Leader notices a trend in state budgets; they go up no matter how the economy is performing:
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