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 […]

The current state budget is a work in progress that needs a lot more work and some more progress. As with any budget, there are good things and bad. The House version is a step forward from the governor’s but has a few glaring problems that need fixing.

As the Budget Process gets under way at the State House, in addition to publishing our pieces on the main page, we will be aggregating all of budget related content here.

The two-year state budget up for debate in the New Hampshire House today relies on $30 million from a settlement with tobacco companies that hasn’t been finalized. The Legislature rushed through SB199in March in order to give the Attorney General’s Office authority to sign the deal. Once complete, the nation’s largest cigarette makers will distribute billions to 19 states entering into the agreement, if objections from other states don’t scuttle the deal.

Under the House’s proposed budget, 67.3% will go to Transportation, 31.7% to Safety and 1.1% for other. These ratios represent an additional $500,000 being diverted away from the Department of Transportation over the Governor’s budget.

Better than expected business tax collections boosted state revenues in March, cutting the state’s projected budget deficit by more than half with just three months to in the current Fiscal Year. Overall, New Hampshire collected $637 million in March, $26.5 million more than the budget plan. The extra revenues will cut a shortfall of $41 […]

The state budget is a mess. So what’s new? House budget writers are working to make sense of that mess before Friday. Their budget will be different from the governor’s but likely leave a lot of work left to be done.

March 2013 By Joshua Elliott-Traficante As detailed in an earlier piece on the Highway Fund diversion[1], the Department of Safety receives a sizeable portion of the revenue raised by the state Highway Fund. Historically the Department has received roughly between 24% and 32% of the amount collected, net of block grants to the municipalities. This […]

New Hampshire’s unemployment rate dropped to 5.3% in February from 5.8% in January. This drop represents 290 fewer unemployed persons in the state, leaving 43,000 total people unemployed.

One committee chairman in the New Hampshire House admitted in a rare moment of candor that he intends to use schools as a political hostage in his grand negotiating scheme. This sort of cynical manipulation helps explain why average citizens have such contempt for politicians and their perverted sense of ethics.