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House budget trims higher education support, retools education trust fund and moves renewable fund money to ratepayers
Summary
Division 2 changes in the House package reduce state aid to the University System of New Hampshire, move some Education Trust Fund lines to the general fund, endorse House bills changing the renewable portfolio and alter rooms-and-meals tourism funding for two years.
Committee members presenting Division 2 said they reduced general-fund support for the University System of New Hampshire (USNH) and made structural changes to how lottery and trust revenues are assigned.
The House package reduces the annual general‑fund contribution to USNH by $25 million per year compared with the most recent increase the university received; committee leaders characterized that reduction as a modest share of the university system’s total revenues, citing the university’s annual report to argue the cut is a small percentage of USNH’s overall budget. Opponents and…
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