Governor Hassan Announces Preliminary $73.2 Million Surplus for FY 2015

Statement

Maintaining her commitment to fiscal responsibility and ensuring a balanced budget, Governor Maggie Hassan announced today that the State of New Hampshire finished Fiscal Year 2015 with a preliminary $73.2 million surplus over the adjusted budget.

"By working closely with state agencies to responsibly manage their budgets and through the hard work of state agencies and employees to exceed their lapse estimates, we have a substantial preliminary surplus for Fiscal Year 2015," Governor Hassan said. "With this surplus, we will be able to greatly strengthen our Rainy Day Fund, maintaining our commitment to fiscal responsibility and the state's long-term financial outlook. Given this surplus, and as we continue to close the books on Fiscal Year 2015, we should closely monitor the coming months of state revenues and consider if there are ways to address concerns raised by communities about school funding levels. With a fiscally responsible, compromise budget in place for the Fiscal Year 2016-2017 biennium, I will continue to work with legislators from both parties, state agencies and our hard-working state employees to maintain our commitment to a fiscally responsible, balanced budget."

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