The upcoming cycle covers the budget for fiscal years 2020 and 2021, starting on July 1, 2019 and running until June 30, 2021. The state budget is in two parts: the operational budget and the capital budget.
The NH capital budget for 2020-2021
Gov. Christopher Sununu started the next two-year budget cycle on June 21, 2018 with the first of a series of hearings to decide priorities for spending in the capital budget. The capital budget includes long-term investments into large-scale projects, usually associated with new construction or upgrades. The new state prison for women, which opened in March 2018 at an approximate cost of $48 million, is an example of a capital budget expenditure.
With the start of hearings for the capital budget, seventeen departments will be making presentations. The June 21 hearing started with the University System of New Hampshire, which is looking for funds to, among other items, provide $35 million over the next six years for a new biological and life sciences building to train workers for the emerging industry of regenerative medicine in cooperation with inventor Dean Kamen’s ARMI initiative in Manchester.
The NH operational budget for 2020-2021
The operational budget includes the day-to-day spending, based on revenue from taxes and fees, for state agencies and departments.
Government agencies and departments will start working on submitting their requests for funding this summer, with a deadline of October 1, 2018. The first draft of the operational budget, known as the “governor’s budget”, will be put together by the governor’s office and released in February 2019.
Last year's budget numbers
The current capital budget for fiscal years 2018 and 2019 is $262 million. The current operating budget approved by the state Legislature was $11.7 billion.
Information about past and current budgets can be found at the state Department of Administrative Services.
What should NH prioritize in the 2020-2021 state budget?
Budget writers will have a bit more wiggle room this year, with revenues from 2018 coming in well over what was estimated. The state's budget office estimates that an additional $74 million will be available for the state's general fund, with another $28.1 million for the education trust fund.
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