{"id":1116,"date":"2010-05-11T23:09:29","date_gmt":"2010-05-12T04:09:29","guid":{"rendered":"http:\/\/www.cnht.org\/news\/?p=1116"},"modified":"2017-12-18T17:09:16","modified_gmt":"2017-12-18T22:09:16","slug":"house-republican-leadership-rejects-sb-450","status":"publish","type":"post","link":"https:\/\/www.cnht.org\/news\/2010\/05\/11\/house-republican-leadership-rejects-sb-450\/","title":{"rendered":"House Republican Leadership Rejects SB 450"},"content":{"rendered":"

House Republican Leadership Rejects SB 450<\/strong>
\nMore Taxes, Bonding and Downshifting Cited as Reasons<\/p>\n

Concord \u2014 Calling it a \u201cfurther assault on the New Hampshire Advantage,\u201d House Republican leaders today called upon all House members to oppose the Finance amendment to SB 450 when it comes to the floor of the House for a vote on Wednesday.<\/p>\n

House Republican Leader Sherm Packard (Londonderry) cited $25M in additional taxes; the continued practice of bonding operating costs, which passes even more debt on to the next budget; and the downshifting of an additional $20M to New Hampshire municipalities and school districts as reasons for opposing the legislation.<\/p>\n

\u201cThe party of \u2018Yes we can\u2019 has quickly turned into the party of \u2018No we won\u2019t,\u2019\u201d said Packard. \u201cRepublicans brought forth an alternative budget last year that spent $200M less than Democrats–and they quickly rejected it. This year we offered $77M in proposed cuts–and they rejected nearly all of them. Their answer to the overspending that they are responsible for over the past four years is to increase taxes and downshift the problem to our cities and towns. That is just plain irresponsible,\u201d added Rep. Packard.<\/p>\n

The vote of the House Finance Committee on SB 450 was Ought to Pass with amendment (OTP\/A), 13-12, with a lone Democrat joining 11 Republicans in opposing the measure. \u201cI am very concerned about the number and magnitude of the tax and fee increases, especially their decision to allow cities and towns to pass their own rooms and meals tax. Unfortunately, the end result of SB 450 does not solve our budget deficit, leaving a continued mess,\u201d said Senior Assistant Republican Leader Gene Chandler (Bartlett). <\/p>\n

Finance Democrats voted to borrow $65M to pay for the state\u2019s operating expenses and refinanced an additional $40M of the debt service due in FY11. While it may lower the payment for that one year, it will add nine years of bond payments and $6.7M in interest to our General Fund debt burden. As a result of the \u201cLynch Philosophy\u201d of bonding operating expenses, the next legislature is already looking at $45M of interest on bond payments alone.<\/p>\n

\u201cThe people of this state have had enough. Over the past four years under Democrat leadership our citizens have been hit with more than 60 fee and tax increases, watched government spending increase by more than 20% while the rest of the country was cutting budgets on average by 2%, and had millions of dollars downshifted to their local communities,\u201d said Packard. \u201cRepublicans will continue to offer solutions to this economic crisis and it\u2019s time that the party of \u2018yes we can\u2019 started listening.\u201d<\/p>\n

On Wednesday, Republicans will be offering several amendments to SB 450 to address the many concerns, not only of our caucus, but of the citizens of New Hampshire. \u201cIt is time that we got back to work crafting a responsible budget that is in the best interests of the citizens of New Hampshire,\u201d concluded Rep. Packard.<\/p>\n","protected":false},"excerpt":{"rendered":"

House Republican Leadership Rejects SB 450 More Taxes, Bonding and Downshifting Cited as Reasons Concord \u2014 Calling it a \u201cfurther assault on the New Hampshire Advantage,\u201d House Republican leaders today called upon all House members to oppose the Finance amendment to SB 450 when it comes to the floor of the House for a vote […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[16,71,11],"tags":[],"class_list":["post-1116","post","type-post","status-publish","format-standard","hentry","category-broadbased","category-governor-watch","category-legislation"],"_links":{"self":[{"href":"https:\/\/www.cnht.org\/news\/wp-json\/wp\/v2\/posts\/1116","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cnht.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cnht.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cnht.org\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cnht.org\/news\/wp-json\/wp\/v2\/comments?post=1116"}],"version-history":[{"count":1,"href":"https:\/\/www.cnht.org\/news\/wp-json\/wp\/v2\/posts\/1116\/revisions"}],"predecessor-version":[{"id":6498,"href":"https:\/\/www.cnht.org\/news\/wp-json\/wp\/v2\/posts\/1116\/revisions\/6498"}],"wp:attachment":[{"href":"https:\/\/www.cnht.org\/news\/wp-json\/wp\/v2\/media?parent=1116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cnht.org\/news\/wp-json\/wp\/v2\/categories?post=1116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cnht.org\/news\/wp-json\/wp\/v2\/tags?post=1116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}