Yes, New Hampshire, There Is a ‘Structural Deficit’ Problem
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So, does the New Hampshire state budget really have a “structural deficit,” or is that just political spin from Gov. Chris Sununu and the GOP? Budgets involve math, so the answer should be simple, right?
But budgets are written and passed by politicians, so good luck getting a straight answer.
For example, the budget passed by the Democratic-controlled legislature raises the Business Profits Tax from the current 7.7 percent to 7.9 percent, and the Business Enterprise Tax from 0.6 percent to 0.675 percent. To the untrained eye, this would appear to be a tax increase.