New Hampshire state budget (2008-2009)
| Note: This article was last updated in 2009. Click here for more recent information on state budgets and finances. |
New Hampshire faced a $550 million budget gap for the two-year budget that began July 1, 2009. [1]
Budget background
- See also: New Hampshire state budget and finances
New Hampshire operates on a biennium, covering two fiscal years at a time. A fiscal year begins on July 1 and ends on June 30 of the following year; however, the biennium begins July 1 of odd-numbered years. According to the state Constitution, the governor must pass a balanced budget and cannot carry over deficits.[2] Initially, individual state agencies submit their budget requests in the fall, prior to the governor's completion of the recommended budget. At the beginning of the legislative session the governor presents a recommended budget to both the House and the Senate. But before the bill can be enacted into law, the bill must pass both houses in the legislature.[3]
Budget figures
The following table provides a history of New Hampshire's expenditures and gross domestic product (GDP).
| Fiscal year | Expenditures (billions) | GDP (billions) |
|---|---|---|
| 2000 | $6.2[4] | $43.5[4] |
| 2001 | $6.6[4] | $44.3[4] |
| 2002 | $7.1[4] | $46.2[4] |
| 2003 | $7.7[4] | $48.2[4] |
| 2004 | $8.3[4] | $51.4[4] |
| 2005 | $8.7[4] | $53.5[4] |
| 2006 | $9.0[4] | $56.1[4] |
| 2007 | $9.4[4] | $57.3[4] |
| 2008 | $9.8[4] | $58.6[4] |
| 2009 | $10.2*[4] | $60.0*[4] |
- NOTE: The figures for FY 2009 had not been finalized at the time this data was compiled.
See also
Footnotes
- ↑ NHPR, "Lynch Outlines Plan Aimed At Closing Budget Gap," February 12,2009
- ↑ INPUT, "State Budget Process Tutorial," accessed April 15,2009
- ↑ State of New Hampshire, "Annual Financial Reports," accessed April 15,2009
- ↑ 4.00 4.01 4.02 4.03 4.04 4.05 4.06 4.07 4.08 4.09 4.10 4.11 4.12 4.13 4.14 4.15 4.16 4.17 4.18 4.19 US Government Spending, "New Hampshire State and Local spending," accessed April 15,2009
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