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Lawmakers Hear Proposal to Authorize State Bonds for School Funding (HB1714)
Summary
Representative Jay Markel presented HB1714 to allow the state to issue bonds to help pay public school expenses; he and members debated debt affordability, legal limits (statutory and constitutional), and whether bonding operating costs is appropriate. No vote was taken.
The Education Funding Committee heard testimony on HB1714, a bill that would authorize the state to issue bonds to support public‑school expenses.
Representative Jay Markel introduced the bill, telling the committee that New Hampshire faces persistent school‑funding challenges and that borrowing could be one tool to relieve property‑tax pressure while maintaining local budget oversight. Markel said bond markets and advisers view New Hampshire’s debt burden as manageable: citing Public Resources Advisory Group materials and Moody’s benchmarks, he said state…
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