Politicians are incapable of doing the right thing on their own. Without some sort of artificially imposed rules, they will continue along in their hapless way on the road to destroying the country. The federal budget is a problem that can only be solved by going back to the 1980s.

Former Chairman of the Josiah Bartlett Center Walter Peterson was one of the great treasures of the state of New Hampshire. A former governor and university president, he was known to everyone simply as Walter and no one remembers him as anything other than a warm and wonderful man.

By Charlie Arlinghaus June 16, 2010 As originally published in the New Hampshire Union Leader New Hampshire’s financial crisis is worse than at anytime in its history not because of outside forces but because of an internal refusal to admit it has a problem and to change its behavior as a result. The only two […]

With ten of the twelve months of revenue collected for Fiscal Year 2011, revenues are on track to be $54.6 million short of the budgeted amount. The shortfall will not only require action to balance the last budget but also reduces the base used to project revenue growth for the 2012-13 budget currently under consideration.

By Charlie Arlinghaus May 2011 With ten of the twelve months of revenue collected for Fiscal Year 2011, revenues are on track to be $54.6 million short of the budgeted amount. The shortfall will not only require action to balance the last budget but also reduces the base used to project revenue growth for the […]

The House budget was a huge step forward in the process. It set priorities and achieves a realistic balance. It also allows us to compare and think about priorities and making some alterations to those priorities.

The House prioritized cuts to state government that were significantly…

State budget numbers can are particularly confusing in making any comparison with fiscal years 2010-2011 because stimulus money is accounted for in different ways in different documents. As part of explaining the numbers behind the state budget, we have devloped a few spreadsheets to explain the proposed budget changes.

Pension and retirement obligations are the biggest long term problem facing the state. New Hampshire’s four long-term pension and retiree health benefit obligations have current unfunded liabilities of more than $7 billion. Changing the state’s pension and health obligations is no longer optional.

Through the Retirement System, the state administers a pension plan for state and local employees and a retirement health benefit. Those two components have unfunded liabilities of $4.7 billion. In addition, outside of the system there is a much larger health benefit with an unfunded liability of $2.4 billion and a much smaller judicial retirement plan with rapidly eroding funding — $15 million in the hole after just five years.

January 2011 Charlie Arlinghaus on Understanding the State Budget and Current Shortfall. Grant Bosse presented on Growing State Debt Shortfall. Rep. David Campbell outlined State Transportation Spending . and Rep. Ken Hawkins explained The State Retirement System.   Please note that each file is a large pdf file and may take a few moments to […]