House’s Budget On Collision Course With Sununu’s Plan
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On a party line vote Wednesday, the House Finance Committee approved its proposed two-year operating budget sending it to the House floor for a vote next week.
The House’s budget spends about $300 million more than the $5.1 billion budget proposed by Gov. Chris Sununu with much of the additional money spent on education.
The House budget would appear to steer the Democratically controlled legislature on a collision course with the Republican governor as it includes a new capital gains tax, halts reductions in business tax rates, eliminates a new secure psychiatric unit facility, and does away with more than $100 million in one-time spending for new and renovated Health and Human Services facilities, projects that benefit a couple dozen communities and victims of a financial fraud case that occurred a decade ago.