New Hampshire Governor John Lynch will unveil his two-year budget this week, answering key questions about potential layoffs, program cuts and tax increases.
There are no firm numbers, but some believe the gap between spending and revenue could be up to $500 million in the budget covering the two years that starts July 1. That’s in addition to the perhaps $150 million revenue shortfall remaining to be dealt with in this year’s budget.
Lynch has already said whole programs will be eliminated – making layoffs unavoidable – in the plan he presents Thursday.
He also has already said the $550 million the state gave to communities over the past two years in aid – not counting school adequacy grants – must be on the table with just about everything else.