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Wednesday, July 8, 2009

This precariously balanced budget begins to unravel ...

Another newspaper editorializes on the state's looming budget problems. This time the Nashua Telegraph adds its perspective:
Lawsuit, furloughs expose NH budget

Gov. John Lynch may have placed his John Hancock on an $11.5 billion state budget last week, but that doesn’t mean there aren’t a couple of critical issues in play that could determine whether – and how quickly – this precariously balanced budget begins to unravel.

The first is the fate of the $110 million the governor and lawmakers utilized from a sizable surplus in the medical malpractice insurance fund that’s operated by the Joint Underwriting Association to balance the 2008-09 and 2010-11 state budgets.

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