New Hampshire ended its 2015 fiscal year with a $62 million surplus, according to the state's new
Gov. Maggie Hassan said the surplus will allow the state to double its Rainy Day Fund to $22.3 million. New Hampshire's 2015 fiscal year ended on June 30. The state is now in the midst of an $11.3 billion two-year budget for 2016 and 2017.
"In our work together over the past year, we have made great progress in our efforts to help set the foundation for a new generation of economic growth that will lift all of our people," said Hassan in a statement. "With a fiscally responsible, compromise budget in place for the Fiscal Year 2016-2017 biennium, I look forward to continuing to work with members from both parties, state agencies and our hard-working state employees to maintain our commitment to a fiscally responsible, balanced budget and keep our state moving forward."
New Hampshire has a Aa1 general obligation bond rating by Moody's Investors Service.
