By Garry Rayno, includes “… Most governors put their budgets together with chewing gum and baling wire. … Sununu’s budget proposal includes hefty revenue projections that would increase 5.5% over the current budget plan. And he would use about $30 million of the state’s $115.5 million rainy day fund to balance the current biennium’s budget which is projected to have a $50 million deficit.” (Note: Drawing down bank accounts to “balance budgets?”)
Editorial, includes “Can a state collect income tax from nonresidents working remotely for in-state businesses? Massachusetts, New York and some other states claim they can, and now New Hampshire is asking the Supreme Court to protect its citizens from this tax grab…”
Impeachment is easy. Governing is hard. That may be the lesson Democrats on Capitol Hill are about to learn as President-elect Joe Biden prepares to take office. … But the plan also includes a $350 billion bailout of state and local governments, many of them poorly governed and chronically in debt
Faced with a $2.2 billion shortfall of unfunded financial obligations, New Hampshire entered the current pandemic playing catch-up and could face more challenging headwinds in the future, a new report states.
The 2020 Financial State of the States report surveys the fiscal health of the 50 states prior to the coronavirus pandemic. This data is released today by Truth in Accounting (TIA), a think tank that analyzes government financial reporting.
Student debt is at an all-time high of $1.5 trillion. College is more expensive than ever as it is estimated the cost of tuition has raised about 25 percent in the last 25 years, and it shows no signs of slowing down.
How large could the shortfall in state government general revenues be, amidst the coronavirus and related crises?
The coronavirus pandemic is paving the way for a state budget crisis that will likely be deeper than any Maine has seen in decades.
For a century and a half in New Hampshire, citizens could sue their state if they believed its actions were illegal or unconstitutional -- regardless of whether it violated their personal rights. Then, in 2014, the state Supreme Court ended that right.
Roundup of recent news by Liz Farmer, includes "... When it comes to where taxpayers get the best bang for their buck, New Hampshire rises to the top.
By Tony Schinnela, includes "... The legislatures of 28 of the needed 34 states, including New Hampshire, have already adopted the needed BBA resolutions.
Enacted state budgets for fiscal 2016 represent a sixth consecutive year of spending and revenue growth, according to this report.
“New Hampshire’s financial reporting system fails to report the state’s true debt said a national organization tracking states’ finances."
" ... The real reason for federal “assistance” lies in the conditions that come attached to it ..."
Amidst some disenchantment with both major political parties, the chart above shows, when looking across the 50 states, the share of votes earned by candidates that were not either Democratic or Republican has fallen significantly for U.S. House of Representative elections since 2000.
When Greece ran into financial trouble three years ago, the problem soon spread. Many observers were mystified. How could such a littlecountry set off a continental crisis? … Americans in virtuous states and cities will be just as furious about their tax dollars flowing to Detroit and other distressed places as Germans are about euros going to southern Europe. But the truth is that America’s whole public sector still operates in a financialnever-never land. Uncle Sam offers an array of “entitlements” that there is no real plan to pay for. Barack Obama is on his way to joining George W. Bush as a president who did nothing about that, while Republicans in Congress imagine they can balance the books without raising taxes. The government spends more on health care than many rich countries and still does not cover everyone. America’s dynamic private sector is carrying on its back an unreformed Leviathan. Detroit is merely a symptom of that.