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Chandler: Rebuilding New Hampshire’s Rainy Day Fund Should be a Priority

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by House Republican Leader Rep. Gene Chandler (R-Bartlett) New Hampshire’s Rainy Day Fund – sometimes called the Revenue Stabilization Account  – was drained of $80 million by the Democrat controlled legislature to maintain or increase spending levels, rather than making spending cuts, during the recent recession. Under the 2012-2013 Republican budget, New Hampshire was left …

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House Republican Leader Comments on House Approval of Gas Tax Increase

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CONCORD – House Republican Leader Gene Chandler (R-Bartlett) today offered the following comments relative to the House vote on SB367, a bill that would, in part, raise the gas tax by 23%. The bill passed by a vote of 193-141. House Republican Leader Gene Chandler (R-Bartlett) “Whether or not you support the concept of a …

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House Republican Leader Reacts to S&P Downgrade of State Bond Rating

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CONCORD – House Republican Leader Gene Chandler (R-Bartlett) today offered the following reaction to Standard & Poor’s recent report (attached) revising the outlook from stable to negative on New Hampshire’s general obligation and state-guaranteed bonds citing, “Relatively low reserves, with a rainy day fund balance of less than 1% of expenditures,” and, “Low pension funding …

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House Republican Leader Comments on House Committee Approval of Gas Tax Increase

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CONCORD – House Republican Leader Gene Chandler (R-Bartlett) today offered the following comments relative to the vote of the House Ways & Means and Public Works House committees on SB367, a bill that would, in part, raise the gas tax by 23%. The bill was recommended ought to pass by a vote of 26-11. House …

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How New Hampshire’s Paltry Rainy Day Fund Stacks Up

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Rainy Day Fund Comparison New Hampshire’s Rainy Day Fund – sometimes called the Revenue Stabilization Account and in other states may be called the Budget Reserve Account – was tapped by previous legislatures under Democrat control to maintain or increase spending levels in the down economy. Under the 2012-2013 Republican budget, New Hampshire was left …

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House Republicans Comment on Passage of SB413

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CONCORD – House Republican Leader Gene Chandler (R-Bartlett) and Ranking Republican on the House Finance Committee, Neal Kurk (R-Weare) offered the following statements in reaction to the House vote on SB413, relative to access to health insurance coverage. The bill passed the House by a 202-132 vote House Republican Leader Gene Chandler (R-Bartlett) “The majority …

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House Republicans Comment on Passage of Paint Tax Bill

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CONCORD – House Republican Leader Gene Chandler (R-Bartlett) and member of the House Environment & Agriculture Committee, John O’Connor (R-Derry), offered the following comments relative to House action today on HB1570, a bill that would impose a tax on paint sellers that would fund a new government program for paint disposal. The bill passed by …

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