• Kat McGhee

Improving NH's Economy

Your majority in the NH House is working hard on three priorities that improve NH’s economy:


1) Rebalancing funding for public education: Passed HB177 (immediate relief), HB 623 (freezes further BPT and BET tax breaks to ensure adequate general funds), HB 686 (defines a steady source of revenue for school funding by adding capital gains to the D&I tax rate - and identifying higher exemptions for over 65 which will lower D & I taxes) and HB709 (towns keep SWEP funds - replaces stabilization funding over time) in support of short, medium and long-term fixes for how we pay for public schools;


2) Providing property tax relief (HB623, HB686, HB712, HB497 (reinstating of the 15%state portion of NH REtirement System payments to towns) , HB641(allowing municipalities to collect up to a $2 per night rooms tax), and


3) Support for Working Families - HB712 Paid Family Leave.


Each of these bills is part of an innovative economic package that is designed to help attract younger people to New Hampshire - to address our aging demographics. Each bill now has to pass the hurdles of Finance Committee, Senate adoption and earning the Governor’s signature.


But I wanted you to know that we are working hard with a comprehensive plan to improve adequate school funding and to restore the state/municipal partnership that helps us avoid having large state obligations being down-shifted to our property taxes - the inevitable result of a 'cuts-only’ tax policy that ignores reality.

0 views

JOIN THE CONVERSATION: 

© 2023 by  Hollis Democrats.  Paid for by Hollis Democratic Committee.

This site does not imply an endorsement or favoritism of any kind by the Hollis  Democratic Party to any Democratic candidates actively engaged in competitive primary contests.