One of the big three credit rating agencies has downgraded Manchester’s overall bond rating.
Fitch Ratings has lowered Manchester’s rating from AA+ to AA. The agency cites the city’s tax cap, rising pension costs and its deficit that caused the city to raise taxes beyond its cap.
Manchester owes $122 million in general bonds and about $59 million in school facilities revenue bonds. The school bond rating also dipped from AA to AA-. But Fitch kept its rating outlook at ‘stable.’
Last year, ratings agency Moody’s similarly downgraded Manchester’s credit rating.
Four utilities in New Hampshire are offering programs to help their customers save money by lowering energy costs as electric rates are expected to soar this winter.
Liberty Utilities says it will have a 50-percent hike while Unitil says its rates will rise 44 percent. New Hampshire Electric Cooperative says its customers will see a 29 percent increase. Public Service of New Hampshire says its rates will remain stable.
New Hampshire transportation officials are heading to Rochester this month to discuss raising the speed limit on a section of the Spaulding Turnpike in Dover.
Earlier this year, the state raised the speed limit to 70 along most of Interstate 93 from Canterbury north to the Vermont border. The Department of Transportation is now considering raising the limit from 55 to 65 mph north of exit 9 on the Spaulding Turnpike in Dover. The state doesn't need approval from local communities, but transportation officials will meet with Rochester officials on Nov. 18 to discuss the idea.
For many Keene residents, the wounds are still fresh.
"This is an emotional issue," said Jessica White, who started the Facebook Page "Keene Pumpkin Festival Move it or Lose it" and moderated a forum Thursday night focused on the events of that weekend. "We were hurt. We were embarrassed. Embarrassed is a big one."
On Oct. 18 and 19, more than 2,000 college-aged adults overwhelmed police, started street fires, threw full liquor bottles at emergency officials tending to the injured, toppled light poles and tipped cars for more than eight hours.
A New Hampshire home heating oil company that's filed for bankruptcy protection has asked a judge for permission to use cash it collects on its accounts, but its major oil supplier claims an interest in the money to secure a $4.7 million lien.
Fuller Oil and Propane has assured customers it can provide oil to customers who paid in advance. A judge ordered Fuller to present evidence of the full extent of its assets before ruling.
The New Hampshire Supreme Court is refusing to reinstate a lawsuit filed by four officers who were injured in a 2012 shootout with a suspected drug dealer who shot to death Greenland Police Chief Michael Maloney.
The officers sued Cullen Mutrie's mother, claiming she should be held liable because she knew or should have known her son was dealing drugs from the house she owned. After firing on the officers, Mutrie killed his girlfriend and then himself on April 12, 2012.
The University System of New Hampshire wants an additional $52 million in the next budget to maintain its tuition freeze, give more scholarships to students in science and math fields and lower tuition for some community college students.
Representatives presented this request to Gov. Maggie Hassan Thursday morning, kicking off three days of budget proposals. These requests serve as a guideline for Hassan as she begins to develop her budget that's due to the Legislature in February.
Republican Representative Laurie Sanborn has dropped from the race to lead the House. She cites recent health concerns of her husband, state senator Andy Sanborn. He had emergency surgery on Election Day.
That leaves the bid for speakership between two former speakers: Gene Chandler who served from 2001 to 2004, and Bill O’Brien who served from 2010 to 2012.