But former Budget Director says otherwise…
(CONCORD) In his annual State of the State address to the Legislature, New Hampshire Governor John Lynch stated that “In 2009, the worst year of the recession, we balanced the budget.” But Lynch’s former Budget Director says that the Granite State currently faces an operating deficit of nearly $80 million.
Administrative Services Commissioner Linda Hodgden and Comptroller Edgar Carter wrote to the Legislative Fiscal Committee on January 5, “In accordance with RSA 9:13-e, III, approve the transfer of $79,733,929 from the Revenue Stabilization Reserve Account to the General Fund Surplus for the fiscal year ended June 30, 2009 to eliminate the General Fund operating deficit.”