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.
https://jbartlett.org/wp-content/uploads/logo_white_v1_360x70.png00Editorial Staffhttps://jbartlett.org/wp-content/uploads/logo_white_v1_360x70.pngEditorial Staff2011-03-02 18:47:542018-08-28 05:59:56The Pension System is Broken and Can’t Be Fixed By Tinkering
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 […]
Fewer New Hampshire drivers are paying a premium to customize their license plates, following a 60% increase in the fee. The New Hampshire Legislature increased the annual surcharge for customized plates from $25 to $40 as part of the 2009-2010 budget. The higher rate went into effect on August 1, 2009. One year after the fee increase, there were nearly 10,000 fewer vehicles with premium New Hampshire license plates. This drop-off represents a small fraction of car owners, as the percentage of vehicles with vanity plates has fallen from 14.8% to 14.3% of all cars on the road.
https://jbartlett.org/wp-content/uploads/logo_white_v1_360x70.png00Editorial Staffhttps://jbartlett.org/wp-content/uploads/logo_white_v1_360x70.pngEditorial Staff2010-12-10 18:37:452010-12-10 18:37:45Higher Vanity Plate Fees bring small drop in Sales
Higher Price, Slow Economy mean fewer customized plates in NH By Grant D. Bosse December 9, 2010 Fewer New Hampshire drivers are paying a premium to customize their license plates, following a 60% increase in the fee. The New Hampshire Legislature increased the annual surcharge for customized plates from $25 to $40 as part of […]
https://jbartlett.org/wp-content/uploads/logo_white_v1_360x70.png00Grant Bossehttps://jbartlett.org/wp-content/uploads/logo_white_v1_360x70.pngGrant Bosse2010-12-09 18:23:052018-08-28 06:24:34Higher Vanity Plate Fees bring small drop in Sales
The incoming Senate and House have their work cut out for them when it comes to the state budget. The economic downturn, coupled with decisions on the parts of both the Legislature and the Governor, have left a $700 to $800 million dollar hole in the budget. The Legislature, while looking for cuts in other departments, which resulted in hiring freezes and layoffs, increased its own budget faster than the budget overall. Given current revenue forecasts, overall spending will have to decrease. The Legislative Branch, having seen the largest increases, has much more room to cut than other departments. Though the Legislative Branch accounts for less than 1% of the budget, it is crucial for legislators to lead by example
00Editorial Staffhttps://jbartlett.org/wp-content/uploads/logo_white_v1_360x70.pngEditorial Staff2010-12-08 18:26:222018-08-28 05:59:57Fiscal Management Starts at Home
After months of discussion about the exact size of the historic deficit we face next year, the news is filled suddenly with reports of a surplus. Did something change or are we just in the middle of election season? The short answer is things haven’t changed but the easiest distraction from bad news is to ignore it completely. The deficit is still huge. It will dominate the state’s financial future. And, paradoxically, we have a mid-budget surplus for the same reason we face a huge deficit.
This is the latest version of our spreadsheet comparing state spending in 2008-09 to 2010-11. Because $248 million of general fund spending was moved offline, apples to apples comparisons are not obvious from official documents. Using official state data, we compare the same spending from 2008-09 with the same spending in 2010-11 despite label changes […]
https://jbartlett.org/wp-content/uploads/logo_white_v1_360x70.png00Editorial Staffhttps://jbartlett.org/wp-content/uploads/logo_white_v1_360x70.pngEditorial Staff2010-10-10 21:01:302010-10-10 21:01:30Apples to Apples Budget Comparison
Charles M. Arlinghaus October 6, 2010 Originally published in the New Hampshire Union Leader After months of discussion about the exact size of the historic deficit we face next year, the news is filled suddenly with reports of a surplus. Did something change or are we just in the middle of election season? The short […]
The slides from Charlie Arlinghaus’s seminar for policymakers on the basics of the state budget, how its organized, where to find information and how to become your own state budget expert.
https://jbartlett.org/wp-content/uploads/logo_white_v1_360x70.png00Editorial Staffhttps://jbartlett.org/wp-content/uploads/logo_white_v1_360x70.pngEditorial Staff2010-09-27 17:50:522018-08-28 05:59:57Understanding and Explaining the New Hampshire State Budget
The Pension System is Broken and Can’t Be Fixed By Tinkering
BUDGETPension 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.
NH Budget 101 Presentations
BUDGET, TRANSPORTATIONJanuary 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 […]
Higher Vanity Plate Fees bring small drop in Sales
TAXATION, TRANSPORTATIONFewer New Hampshire drivers are paying a premium to customize their license plates, following a 60% increase in the fee. The New Hampshire Legislature increased the annual surcharge for customized plates from $25 to $40 as part of the 2009-2010 budget. The higher rate went into effect on August 1, 2009. One year after the fee increase, there were nearly 10,000 fewer vehicles with premium New Hampshire license plates. This drop-off represents a small fraction of car owners, as the percentage of vehicles with vanity plates has fallen from 14.8% to 14.3% of all cars on the road.
Higher Vanity Plate Fees bring small drop in Sales
TAXATIONHigher Price, Slow Economy mean fewer customized plates in NH By Grant D. Bosse December 9, 2010 Fewer New Hampshire drivers are paying a premium to customize their license plates, following a 60% increase in the fee. The New Hampshire Legislature increased the annual surcharge for customized plates from $25 to $40 as part of […]
Fiscal Management Starts at Home
BUDGET, TAXATIONThe incoming Senate and House have their work cut out for them when it comes to the state budget. The economic downturn, coupled with decisions on the parts of both the Legislature and the Governor, have left a $700 to $800 million dollar hole in the budget. The Legislature, while looking for cuts in other departments, which resulted in hiring freezes and layoffs, increased its own budget faster than the budget overall. Given current revenue forecasts, overall spending will have to decrease. The Legislative Branch, having seen the largest increases, has much more room to cut than other departments. Though the Legislative Branch accounts for less than 1% of the budget, it is crucial for legislators to lead by example
Accounting Gimmicks Can’t Hide State’s Fiscal Disaster
BUDGET, TAXATIONAfter months of discussion about the exact size of the historic deficit we face next year, the news is filled suddenly with reports of a surplus. Did something change or are we just in the middle of election season? The short answer is things haven’t changed but the easiest distraction from bad news is to ignore it completely. The deficit is still huge. It will dominate the state’s financial future. And, paradoxically, we have a mid-budget surplus for the same reason we face a huge deficit.
Apples to Apples Budget Comparison
TAXATIONThis is the latest version of our spreadsheet comparing state spending in 2008-09 to 2010-11. Because $248 million of general fund spending was moved offline, apples to apples comparisons are not obvious from official documents. Using official state data, we compare the same spending from 2008-09 with the same spending in 2010-11 despite label changes […]
Accounting Gimmicks Can’t Hide State’s Fiscal Disaster
BUDGETCharles M. Arlinghaus October 6, 2010 Originally published in the New Hampshire Union Leader After months of discussion about the exact size of the historic deficit we face next year, the news is filled suddenly with reports of a surplus. Did something change or are we just in the middle of election season? The short […]
Understanding and Explaining the New Hampshire State Budget
BUDGET, TAXATIONThe slides from Charlie Arlinghaus’s seminar for policymakers on the basics of the state budget, how its organized, where to find information and how to become your own state budget expert.
Libertas Dinner Highlights
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