Hassan: FY15 Ends with $62M Surplus

CONCORD, NH - The state of New Hampshire ended the fiscal year 2015 with a surplus of $62 million, according to the state’s Comprehensive Annual Financial Report.

Gov. Maggie Hassan, D-Exeter, noted in a press statement last week that the surplus allowed the state to double the amount of money in New Hampshire’s Rainy Day Fund, to $22.3 million.

The Comprehensive Annual Financial Report is available in PDF format at this link: das.nh.gov/accounting/FY%2015/CAFR%20FY15

“In our work together over the past year, we have made great progress in our efforts to help set the foundation for a new generation of economic growth that will lift all of our people,” Hassan said. “By carefully managing state agency expenditures, taking preemptive action to protect our budget and maintaining fiscal responsibility.”

Hassan added that New Hampshire’s fiscal position was also enhanced by efforts over the last three years that settled costly litigation that threatened the state’s financial future.

However, despite the good news, Hassan said that there was a lot more to do to expand opportunities for families and create jobs.

“We also know that we must continue to strengthen our efforts to combat the heroin and opioid crisis in order to stem – and reverse – the tide of this horrible epidemic and save lives,“ she added. “With a fiscally responsible, compromise budget in place for the Fiscal Year 2016-2017 biennium, I look forward to continuing to work with members from both parties, state agencies and our hard-working state employees to maintain our commitment to a fiscally responsible, balanced budget and keep our state moving forward.”