Professional Documents
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1:04- Courts stay open. The Committee will leave open four
District Courts that would have been closed in the budget, Keene,
Claremont, Colebrook, and Milford.
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1:43- Lou Speaks- Sen. Lou D'Allesandro has scheduled a 2:00pm
press conference downstairs in the LOB. He is not currently in the
Conference Committee meeting room.
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Governor John Lynch has been holding private discussions with
key lawmakers throughout the day, but D'Allesandro says he has
not been taken aside yet.
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4:34- Building Aid- The Committee is back in session, and
discussing whether to pay for Building Aid through the budget, or
borrowing the money through bonding.
We shall remain vigilant throughout the day, and try not to get in
trouble with the Fire Marshall.
Remember that it was two years ago that budget writers used last
minute increases in the revenue estimates to justify their 17.5%
spending increase. Rep. Norm Major warned at the time that those
revenues would never materialize, and they didn't.
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Rep. Steve Vaillancourt has had a quick look at the estimates, and
tells NH Watchdog that at first glance, "those don't look too bad."
He says Leadership "may have learned their lesson" from two
years ago.
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7:20- Dinner Break- back at 8:00pm. Excuse me, make that
"8:00pm".
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Such tax avoidance is already prosecutable under current law. This
change would apply an income tax to the nearly 100,000
companies registered as LLC's in New Hampshire, though not
nearly all of them are active. It would also put state tax collectors
in charge of determining what salaries are reasonable. It would
impose a new tax on New Hampshire smallest corporations, who
have not had to pay high levels of taxes precisely because they are
so small. But this new tax brings a lot of money to the table ($30
million over two years).
One new restriction which the DRA suggested was requiring ALL
new Rooms and Meals paying business to post a $5,000 bond with
the state against their future tax liability. Before a restaurant or
hotel can open its doors, it's now required to pay in advance so that
state tax collectors can collect Room and Meals revenues from the
businesses that it forces to collect for them. Imagine if you had to
buy a surety bond every year in order to guarantee Uncle Sam that
he'd get your check on April 15th. This is how we're treating
business in New Hampshire tonight. Oh, and we're erasing the tax
advantages of incorporating your LLC in New Hampshire as well.
NOTE- this post originally reported that Sen. Hassan and Sgambati
were removed from the Conference Committee for refusing to
back the gambling tax. This was unconfirmed at the time. I was
awaiting confirmation when I published the post. I am now seeking
to confirm if they were removed, or were simply taking a break.
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10:09 "Not Yet" I asked Sen. Sgambati if she was removed from
the Committee over the gambling tax issue. She says she choose
not to sit at the table during that vote, which allows a member of
the Committee to let a distasteful compromise go through without
having to actively support it. When asked if she was removed,
Sgambati laughed, and said, "Not yet."
10:37- +$2.3 million- Rep. Neal Kurk tells NH Watchdog that the
latest tally given to Committee members has the budget with a
positive balance of $2.3 million after today's changes. That means
the budget gap is closed, but does not guarantee that the ten
members now sitting on the Conference Committee will support
the budget as written.
11:07- It's getting late- The Dunkin Donuts coffee I brought in two
hours ago is running out. Scott Spradling and I just discussed
whether Moose Racing could bring back the tracks, and everyone
wants to go home. This latest break is going on longer than
expected, which means somebody to talking to somebody else
about the details of the final deal.
But seriously, who wouldn't take the family to see a Moose Race?
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11:21- "Given what could have happened"- Sen. Bob Odell gives
NH Watchdog his thoughts on the budget about to be adopted.
"I think the best part, and the Republicans had a lot to do with this,
is that everyone was very tax-averse about the Capital Gains and
other taxes that were on the table," Odell said.
Asked about several new taxes first proposed Monday and adopted
tonight, Odell added, "I think that in a Committee of Conference
there were things that were added at the last minute that weren't
very well vetted, but given what could have happened..." referring
to the Capital Gains Tax and other taxes included in the House
approved budget.
"At the end of the day, I think that we've protected the state's
infrastructure and that we will provide services that are needed,"
Sgambati said. "We're going continue to work through the first of
net year. We haven't fully solved all of our problems."
Asked if this budget can win approval from the full Senate, "Every
individual Senator comes with different motivations and different
marching orders from their district, and we're all very strong,
opinionated individuals," Sgambati added. "I wouldn't presume to
predict another elected leader’s votes."
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appropriate union. This would have given the State Employees
Association or other union representing state workers, an effective
veto over any layoffs ever.
While this arduous process went on, the State Treasury would keep
paying everyone's salary and benefits. This diluted the cost savings
of layoffs and ultimately could require that more lower level
employees lose their jobs rather than a few highly paid state
workers.
Rep. Neal Kurk went along with the change, but questions whether
budget writers could count on $5 million that may or may not
happen. "I'm amazed at our ability to find new revenue," Kurk
quipped.
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Chairwoman Marjorie Smith expressed faith in the ability of the
Liquor Commission to optimize its operations, given the freedom
the Legislature is giving the agency in this budget.
"I expect them to meet these requirements and more," Smith said.
"That's what happens in a capitalist system."
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1:25- House Speaker Terie Norelli:
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