The state is on track to generate a modest surplus when the two-year budget passed in 2011 ends this June 30. However, regular revenues are not surging and legislators writing the current budget should estimate cautiously and follow Gov. Hassan’s advice to place this surplus into the long-neglected rainy day fund.

According to the Bureau of Labor Statistics, the national unemployment rate dropped to 7.5% in April, a decrease of .1 percentage points over the previous month. The number of unemployed fell by 83,000 while the Labor Force grew by 210,000.

A recent study published in the New England Journal of Medicine suggests that the expansion of Medicaid, which is currently being debated in many states, including here in New Hampshire, does little to improve the health of the newly covered.

The word “budget” comes from an old Middle English word used to describe a wallet or purse that held one’s available money. The state’s budget negotiation ultimately will harken back to the original meaning of the word. Lawmakers of both houses of the Legislature will be unable to begin a negotiation over policy choices until they can agree on how much is contained in the state’s purse.

Other states have always been annoyed by states like New Hampshire without a sales tax. Tax competition is distressing to the uncompetitive. But few tax grabs are as ill considered, unfair, and anti-competitive as the federal government’s attempt to impose a massive new internet sales tax. New Hampshire in particular needs to be careful. The new tax will lead to the elimination of the sales tax competitive advantage that is the foundation of our retail economy.

New Hampshire’s budget experiences the greatest difficulty when short-term fixes solve nothing and merely delay decisions by creating a bigger hole for future legislatures to fix. A budget based on gimmicks and one-time unusual events does nothing to solve anything.

Sound familiar? New Hampshire’s unemployment rate dropped from 5.8% to 5.7% in March, but not due to increased employment. According to the household survey data, the number of unemployed fell by 360 people, resulting in the .1 percentage point drop. However, the number of employed residents increased by 20, while the labor force shrank by 340.

Every problem does not demand government action. Every business relationship doesn’t need micromanaging intervention by legislators. Yet in this day and age the first course of action for many businesses is to turn to their elected friends for a little help.

New Hampshire’s decision to borrow money for three years to pay for the state’s Building Aid Program is adding a $27.6 million crunch to the current budget debate. Despite suspending new school construction projects from applying for state assistance several years ago, state taxpayers still owe more than $495 million over the next thirty years, and an additional $168 million just to pay off the bonds for the three years lawmakers took out loans to fund the program.

According to the BLS, the national unemployment rate fell in March to 7.6%, from 7.7% in February. On the surface it would appear that the labor is recovering, however the data contained within the report shows the opposite to be true. Labor Force Participation Rate drops to Lowest Level since 1979 The Labor Force Participation […]