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Monday, August 3, 2009

Where is Plan B? Lynch remains silent

The Union Leader asks why Governor John Lynch has no Plan B as his plan to fund the state budget with surpluses from the Joint Underwriting Association goes down, even as legisaltive leader talk about reviving the capital gains tax and inheritance tax:

No one would be talking about these new taxes had Gov. John Lynch announced a Plan B in case his scheme to snatch that malpractice fund money failed. But to date we have heard no such offering from the governor's office. If he has a plan, he's keeping it a secret.

Given that seizing the $110 million was always legally questionable, it is more than reasonable to expect that the governor would have thought of how to replace that money. At the very least, there should have been a plan for replacing the $65 million (out of that $110 million) that was allocated for last year's budget. (more)

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