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FOR IMMEDIATE RELEASE Thursday, June 5, 2008
Contact: Senator Sylvia Larsen
(603) 271-2111
House Speaker Terie Norelli
(603) 271-3661
HOUSE AND SENATE CELEBRATE END OF SUCCESSFUL SESSION
CONCORD – After working late to ensure the state budget remains on solid footing, the House and Senate adjourned for 2008 with several major pieces of legislation brought to a successful close.
“We’ve acted to ensure the state remains on solid ground financially as we weather the national economic downturn. This will help us preserve our ability to provide essential state services,” said Senate President Sylvia Larsen. “We’ve also made progress on important issues like kindergarten aid, workforce housing, investing in our infrastructure and stabilizing our state retirement fund. I thank both the Senate and the House members for all their hard work – we’ve come a long way.”
“Tonight the Democratic Majority followed the New Hampshire tradition of ensuring a balanced budget and protecting the essential services for the citizens of the state,” said House Speaker Terie Norelli (D-Portsmouth).
In the special session, the House and Senate agreed to a package of legislation that helps protect the state budget from decreasing revenues in 2008 and sets the stage for a balanced budget at the end of the biennium in 2009.
It requires the Pease Development Authority to repay the approximately $10.5 million it owes the state, allows the bonding of school building aid in 2008 if necessary to ensure a balanced budget and allows the bonding of up to $40 million of school building aid in 2009. It also includes allows the New Hampshire community college system to move forward with the sale of its Stratham campus and its relocation to the Pease International Tradeport.
This legislation, together with budget and revenue adjustments contained in Senate Bill 321, will protect state funding for vital services. Senate Bill 321 reduces budgets for the judicial and legislative branches. If certain revenue targets are not met, it allows for an increase in the tobacco tax, and it allows the state Liquor Commission to optimize profits by adjusting the discount large retailers receive on wine purchases.
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Today’s session ended with the final vote on several other critical pieces of legislation, sending them on to the governor. Those bills include:
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