Governor Hassan understands that a balanced budget is the cornerstone of a strong economy, and she is working to bring people together from both parties to make the difficult decisions needed to develop a fiscally responsible balanced budget, without a sales or income tax, that lives within our means while protecting New Hampshire's priorities.
While we are beginning to see signs of recovery and revenue growth, Governor Hassan knows we must be prepared to face continued difficult fiscal times in the coming two years and believes we must be prepared to continue to make tough, fiscally responsible decisions to ensure that we can invest in our priorities, protect the health and safety of our citizens, and build an innovative economy that will ensure long-term growth.
As part of that effort, Governor Hassan has instructed state agencies to submit reduced budget proposals for Fiscal Year 2014 and 2015. These budget targets will serve as a baseline that will allow Governor Hassan to better identify priorities as she brings people together to make the difficult, fiscally responsible decisions needed to invest in innovation while balancing the budget without a sales or income tax.
Governor Hassan emphasized that going forward these targets, as well as individual agency budgets, may be adjusted upward or downward depending on revenues, federal actions and state priorities as she constructs a balanced budget.
The Governor will submit a fiscally responsible budget proposal to the state legislature on February 14th.
Consensus Revenue Estimating Panel Minutes
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