Understanding and Explaining the State Budget
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About Charles M. Arlinghaus
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Entries by Charles M. Arlinghaus
State Revenue Deteriorating
In each of the last four months, state revenues have fallen further and further behind the amount needed for the state budget. Revenues will end the year at least $91 million behind the budget – and even higher if business taxes also deteriorate. The two year budget shortfall will be between $205 and $258 million.
Revenue on Track for $75 Million Shortfall
New Hampshire State revenues are currently on a track to produce a shortfall of more than $75 million in the fiscal year ending June 2008. That shortfall could be reduced by a strong economic performance over the next months but will likely grow larger as corporate profits growth slows after the explosive growth of recent years.
Chronic Care Management and The Cost of Health Care
Too much of the discussion of the increase in health care costs implicitly views consumers as unchanging commodities and tries to shift costs for a fixed set of events from one set of payers to another. But just as tax policy must consider the dynamic effects of economic growth and changing incentives, health policy too must have a dynamic, pro-growth (or pro-health) component.
Tax Hikes on The Horizon: The Hole in the Budget That Can’t Be Ignored
By Charles M. Arlinghaus May 2007 There is a growing hole in the New Hampshire state budget. Alone it would require tax increases that would cause undue economic damage. Coupled with a planned but undefined increase in education spending, the amount will be too large to close with small changes to our current tax structure. […]