Sep 30, 2015 5:35 PM
Governor announces budget surplus at end of fiscal year
CONCORD - The state has ended its fiscal year with a $73 million surplus, Gov. Maggie Hassan announced Wednesday.
Auditors will finalize the number in about a month, but the new figure is $25 million more than expected. The state budget year ended on June 30.
Hassan says lawmakers should consider using some of the extra money for schools next year. Dover is currently suing the state over education funding.
"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," Hassan said in a statement.
Republican legislative leaders were sympathetic to the pleas of school districts that had future education aid grants capped despite increases in enrollment.
Lifting that cap for the next two years would cost about $15 million.