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Sununu signs surplus spending bill

June 6, 2018

CONCORD, N.H. (AP) — New Hampshire Gov. Chris Sununu has signed a bill to spend about $102 million produced by an unexpectedly high business tax revenue this year.

The bill signed by the Republican governor Wednesday adds $10 million to the state’s Rainy Day Fund; grants $20 million repair red-listed bridges; returns $10 million to communities for road and bridge improvements; adds funding for affordable housing; and increases funds to combat the opioid crisis.

The bill also provides a collective bargaining agreement for state employees and settles a dispute with hospitals over uncompensated care.

Sununu has said he’s proud that sound fiscal management, federal tax reform and state business tax cuts resulted in a surplus and “the opportunity to make critical and fiscally responsible investments.”

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