TITLE

New Hampshire's New Governor Wants to Keep His State Tax-Free

AUTHOR(S)
O'Brien, Elizabeth
PUB. DATE
January 2005
SOURCE
Bond Buyer;1/7/2005, Vol. 351 Issue 32045, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that New Hampshire has no income or sales tax, and the state's new governor said he wanted to keep it that way yesterday in his inaugural address. John Lynch, a U.S. Democrat, took office yesterday after ousting incumbent U.S. Republican Craig Benson with a campaign pledge to restore integrity lo the executive office. As expected. Lynch also announced that he would seek to eliminate the statewide property tax, much of which goes to fund municipalities' public education needs. Because most of the tax remains at the local level, eliminating the statewide property tax would only result in a net loss of about $20 million to the state.
ACCESSION #
15604153

 

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