Governor Maggie Hassan has named a team of experts to help her estimate revenues during the state’s budget process.
Hassan used her first executive order to create her Consensus Revenue Estimating panel. The panel’s charge is to periodically develop and refresh estimates of the money raised from state taxes and fees.
Some states use such panels to set revenues used by budget writers; in N.H. that role is performed by lawmakers.
Hassan’s panel will be led by her budget director, Gerard Murphy. It also includes delegates from the state’s administrative services and revenue departments, economist Dennis Delay of the NH Center for Public Policy Studies, Jeff McLynch of the NH Fiscal Policy center; Ross Gittell, and economist and chancellor of the Community Technical College System, and Richard Samuels, a lawyer at the McLane law firm and a director of the state’s Business and Industry Association.
Hassan talked about improving the revenue estimating process when she ran, and says lawmakers will be invited to the panel’s meetings.
In a statement, Senator Bob Odell, the republican chairman of the Senate Ways and Means Committee said he looked forward to getting input from Hassan’s panel.
Senate finance chairman Chuck Morse, meanwhile, said that Hassan is right in wanting a “systematic and consistent method of forecasting revenues” but added that he plans to rely on numbers developed by Senator Odell’s committee.