Best Town to live in ?

[ITD]

Originally Posted by Descant

Do we really NEED $500MM? Didn't the legislature cut the budget by 8% in 2009 and create a new floor for lower spending? In Chris Sununu's first term, we cut some (business) taxes and raised revenues. In the mid-teens, we eliminated taxes on NH Trusts, even for those who weren't residents and money flowed in for re-investment. Next year, we will eliminate the I & D tax and all the DRA folks who administer that program can result in lower personnel expenses, or be assigned to more "profitable" pursuits. All us retirees who need I & D income will have more money to spend.

Raising taxes to raise more money should not be the default option in a government budget process.

Nailed it Descant, and while I hope the I and D tax sunsets, I'm not holding my breath, the rhetoric is going strong to bring it back, they just haven't gotten around to saying it out loud yet.