For NH, it is $100 per year.
Our State budget runs for two years.
The new budget started in July and is in about six month with accounting for the most part completed. NH is in the red.
This triggers "savings" proposed at the executive level, and revenue proposed at the legislative level.
The idea to end the budget either balanced or with a slight surplus that carries forward. If we end in a slight deficit, the "rainy day" fund usually completes the balance - though not always.
Deficits have to be made up in the next budget cycle.
We have capital funds that are bonded, but working those too heavy to support operations can result in some very bad outcomes in later years.
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