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Governor presents $143 million general‑fund capital package, highlights Cannon Mountain tram and corrections maintenance
Summary
A representative from the governor's office summarized the administration's capital budget, stressing debt limits, rating agency considerations and specific projects funded including the Cannon Mountain tram request and Corrections maintenance items.
James Gary, director of policy and finance for the governor, briefed the committee on the governor’s capital budget. He said the governor cut a larger list of agency requests to a set of 41 projects totaling about $143 million of general‑fund capital and $207 million across funding sources.
Gary explained the fiscal constraints that shape the capital package: debt capacity, bond ratings and amortization patterns. He said New Hampshire’s bond ratings (Moody’s Aa1, S&P AA+, Fitch AA+) guide how much the…
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