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Governor Hassan Signs Capital Budget into Law

Press Release

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Date:
Location: Concord, NH

To create jobs and invest in projects that will strengthen New Hampshire's economy and communities, Governor Maggie Hassan signed into law today the state's capital budget (HB 25) for fiscal years 2014-2015.

The bipartisan capital budget passed by the legislature closely matches the plan proposed by Governor Hassan in February with investments in projects that are critical for encouraging innovation and creating jobs. This includes funds for the state's Business One-Stop that is putting more services online for New Hampshire businesses; for career and technology education (CTE) centers in Salem and Whitefield; for the state's Enterprise Licensing System that will put all professional licenses on one common, online platform; for continuation of the E-Court Initiative; for repairing the Hampton sea wall; and for Community College and University system projects.

"Our bipartisan capital budget plan will help the state move forward with job-creating projects that are critical for keeping our communities strong and building a more innovative economic future," Governor Hassan said.

To improve public safety and strengthen New Hampshire's corrections system, the capital budget also includes $38 million for the state to build a new women's prison with modern facilities that can provide the same level of safety measures and programs offered at the men's prison.

"For too long, our corrections system has woefully neglected women," Governor Hassan said. "Through the capital budget, we are now able to build a long-overdue new women's prison with facilities and programs that can help individuals safely move back into society when they have served their sentences."

In total, the capital budget authorizes nearly $245 million in capital appropriations for FY 14/15, leveraging approximately $125 million in general fund bonding authority, with the balance from other sources. The full details of the capital budget can be found at www.gencourt.state.nh.us/legislation/2013/HB0025.html.


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