Press Release - Speaker Bill O'Brien on Local Spending Caps Bill

FOR IMMEDIATE RELEASE

Contact: Shannon Shutts – (603) 271-3664
March 16, 2011                                                                                              

Statement on Passage of Local Spending Caps Bill

CONCORD – House Speaker William O’Brien (R-Mont Vernon) today offered the following statement regarding the passage of HB 341, a bill that authorizes local communities to enact tax and spending caps.  HB 341 passed 257 to 84. The legislation was brought forward in response to a court ruling that struck down a spending cap in Manchester last year.

“Spending caps are an effective mechanism to control property taxes locally.  Through this enabling legislation, we want to give cities and towns the tools to keep spending in check and this bill will do just that.  The communities across the state that have enacted these caps have found them to work in restraining growth in their local spending.”