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Republican Review Issue #46

Posted by on Aug 5, 2014 in Republican Review Newsletter | 0 comments

Republican Review 46

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Republican Review Issue #45

Posted by on Jun 27, 2014 in Republican Review Newsletter | 0 comments

Republican Review 45

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Republican Review Issue #44

Posted by on Jun 20, 2014 in Republican Review Newsletter | 0 comments

Republican Review 44

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Republican Review Issue #43

Posted by on Jun 13, 2014 in Republican Review Newsletter | 0 comments

Republican Review 43

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Republican Review Issue #42

Posted by on Jun 6, 2014 in Republican Review Newsletter | 0 comments

Republican Review 42

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Republican Review Issue #41

Posted by on May 30, 2014 in Republican Review Newsletter | 0 comments

Republican Review 41

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Republican Review Issue #40

Posted by on May 23, 2014 in Republican Review Newsletter | 0 comments

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Republican Review Issue #39

Posted by on May 16, 2014 in Republican Review Newsletter | 0 comments

Republican Review 39

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Republican Review Issue #38

Posted by on May 9, 2014 in Republican Review Newsletter | 0 comments

Republican Review 38

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Republican Review Issue #37

Posted by on May 2, 2014 in Republican Review Newsletter | 0 comments

Republican Review 37

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Chandler: Rebuilding New Hampshire’s Rainy Day Fund Should be a Priority

Posted by on Apr 28, 2014 in House Editorials | 0 comments

by House Republican Leader Rep. Gene Chandler (R-Bartlett)

New Hampshire’s Rainy Day Fund – sometimes called the Revenue Stabilization Account  – was drained of $80 million by the Democrat controlled legislature to maintain or increase spending levels, rather than making spending cuts, during the recent recession.

Under the 2012-2013 Republican budget, New Hampshire was left with a surplus. While most of the money in the surplus was used to help fund the 2014-2015 budget, there is about $15 million left over. The debate in the legislature this year has been whether or not we should spend some of it, or save all of it.

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Republican Review Issue #36

Posted by on Apr 25, 2014 in Republican Review Newsletter | 0 comments

Republican Review 36

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Republican Review Issue #35

Posted by on Apr 18, 2014 in Republican Review Newsletter | 0 comments

Republican Review 35

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How New Hampshire’s Paltry Rainy Day Fund Stacks Up

Posted by on Apr 11, 2014 in News & Updates | 0 comments

Rainy Day Fund Comparison

New Hampshire’s Rainy Day Fund – sometimes called the Revenue Stabilization Account and in other states may be called the Budget Reserve Account – was tapped by previous legislatures under Democrat control to maintain or increase spending levels in the down economy.

Under the 2012-2013 Republican budget, New Hampshire was left with a surplus. While most of the money in the surplus was used to help fund the 2014-2015 budget, there is about $15 million left over.

What should we do with the money? Republicans in the House and Senate agree that we need to begin rebuilding our Rainy Day Fund. In a presentation to the Senate Finance Committee in January, then State Treasurer Cathy Provencher agreed. She said in order to maintain New Hampshire’s credit rating, we should strive to have a balance equal to 5%-10% of unrestricted general fund revenue.

5% = $70 million, 10% = $140 million. Our current balance of $9.3 million equals just 0.7% of General Fund Unrestricted Revenue.

House Democrats have passed a bill, HB 1411, that spends a large portion of the surplus. They have also passed a bill, HB 1635, that spends some of the projected surplus from the current budget.

We decided to take a quick look to see how New Hampshire stacks up to our New England neighbors when it comes to financial security. As it turns out, New Hampshire ranks last in both overall balance, and when balance is compared to the overall population of the state. Here are the results, given the more recent information we could find.

STATE

RESERVE FUND BALANCE

$ PER CAPITA

Massachusetts

$1.369 Billion

$205

Connecticut

$270 Million

$75

Rhode Island

$176 Million

$168

Maine

$60 Million

$45

Vermont

$62.5 Million

$100

New Hampshire

$9.3 Million

$7

It’s time to bring New Hampshire back from the brink. SB415, a bill that would deposit the entire $15 million surplus into the Rainy Day fund, will be before the House soon. We have the chance to begin to rebuild New Hampshire’s financial security. $15 million may not get us to our goal, but it is a small and important step.

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FAQ’s on the Gas Tax Increase (SB367)

Posted by on Apr 11, 2014 in News & Updates | 0 comments

(PDF Download)

Whether or not you support the concept of a gas tax increase, we thought it would be helpful to clarify some of the misconceptions about SB367. With all due respect to the bill and its supporters, before jumping into one of the largest tax increases in recent history, we need to take a hard look at the intricacies of this bill and the system by which the revenue would be used.

We hope you find these points informative.

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Republican Review Issue #34

Posted by on Apr 11, 2014 in Republican Review Newsletter | 0 comments

Republican Review 34

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Republican Review Issue #33

Posted by on Apr 4, 2014 in Republican Review Newsletter | 0 comments

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Republican Review Issue #32

Posted by on Mar 28, 2014 in Republican Review Newsletter | 0 comments

Republican Review 32

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Republican Review Issue #31

Posted by on Mar 21, 2014 in Republican Review Newsletter | 0 comments

Republican Review 31

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Republican Review Issue #30

Posted by on Mar 14, 2014 in Republican Review Newsletter | 0 comments

Republican Review 30

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