That starts with advancing the priorities that support innovative economic growth and help businesses create good jobs, the kind of jobs that will strengthen and grow our middle class.
To build an even stronger workforce, we must keep more of our young people here in New Hampshire. We took an important step in that effort working together through the budget. We restored higher education funding and made it possible for our universities and community colleges to freeze in-state tuition.
With bipartisan support, we increased funding for travel and tourism promotion, we put in place our first permanent director of economic development since 2008, we modernized our corporations act, and we doubled and made permanent our research and development tax credit.
We launched the Illinois' Hardest Hit program to help working families keep their homes. More than 11,000 families, in nearly every county, have received the foreclosure prevention support they needed.
We also launched Welcome Home Heroes to give military families an opportunity to buy a home after sacrificing so much to protect our freedom. Thanks to Welcome Home Heroes, 1,150 military families have accessed more than $140 million to help buy their homes.
And we haven't forgotten about our neighbors with developmental disabilities. That's why we financed more than 2,100 new supportive housing units to provide individuals with disabilities more choices in their communities.
So we can't go back to "business as usual." Boom and bust is our lot and we must follow the ancient advice, recounted in the Book of Genesis, that Joseph gave to the Pharaoh: Put away your surplus during the years of great plenty so you will be ready for the lean years which are sure to follow.
Most governors and legislatures--in modern times--have forgotten this advice. This time we won't do that. We will pay down our debts and remember the lessons of history.
Fiscal discipline is not the enemy of our democracy but its fundamental predicate. To avoid the mistakes of the past we must spend with great prudence and we must establish a solid rainy day fund, locked into the Constitution.
Our Blueprint for Prosperity will put more than $800 million back into the hands of the hard-working taxpayers all across the state through tax cuts and withholding changes. Once passed, the total tax relief provided since I took office will be roughly $2 billion.
Although the sunny January days in Georgia melted the effects of our surprise storm, no such relief was forthcoming for the economy. Businesses closed; buildings became vacant; families lost their homes. Congress applied historical amounts of financial salt and sand, known as the stimulus, on the ice laden roads of commerce, but traffic still could not move. Georgia reduced spending and consumed cash reserves.
I will not recount further the disastrous effects of the Great Recession on our citizens, some of which have left permanent scars. Instead, I want to tell you how our state government not only survived, but have reformed our operations in order to better serve our citizens.
Working together, we have done just that. We have passed two biennial budgets that restore predictability to the state budget. These are budgets that hard-working Iowa taxpayers can depend on, budgets that work for Iowans by prioritizing education, economic development and job training. Today, Iowa's rainy day and economic emergency funds are full and we are fortunate to have a healthy budget surplus. Iowa is working.
My fellow West Virginians, make no mistake, the State of our State is strong. We pay our bills on time and we've invested in our future by continuing to work together as we face future challenges. We will not impose financial burdens on future generations. In fact, our reserve fund is one of the healthiest in the nation.
We did not get here by accident--we got here with planning, patience and foresight. Our Rainy Day fund has a savings of over $920 million and it has helped protect and improve the state's credit rating for over 20 years.
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| Candidates and political leaders on Budget & Economy: | |||
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Retired Senate as of Jan. 2015: GA:Chambliss(R) IA:Harkin(D) MI:Levin(D) MT:Baucus(D) NE:Johanns(R) OK:Coburn(R) SD:Johnson(D) WV:Rockefeller(D) Resigned from 113th House: AL-1:Jo Bonner(R) FL-19:Trey Radel(R) LA-5:Rod Alexander(R) MA-5:Ed Markey(D) MO-9:Jo Ann Emerson(R) NC-12:Melvin Watt(D) SC-1:Tim Scott(R) |
Retired House to run for Senate or Governor:
AR-4:Tom Cotton(R) GA-1:Jack Kingston(R) GA-10:Paul Broun(R) GA-11:Phil Gingrey(R) HI-1:Colleen Hanabusa(D) IA-1:Bruce Braley(D) LA-6:Bill Cassidy(R) ME-2:Mike Michaud(D) MI-14:Gary Peters(D) MT-0:Steve Daines(R) OK-5:James Lankford(R) PA-13:Allyson Schwartz(D) TX-36:Steve Stockman(R) WV-2:Shelley Capito(R) |
Retired House as of Jan. 2015:
AL-6:Spencer Bachus(R) AR-2:Tim Griffin(R) CA-11:George Miller(D) CA-25:Howard McKeon(R) CA-33:Henry Waxman(D) CA-45:John Campbell(R) IA-3:Tom Latham(R) MN-6:Michele Bachmann(R) NC-6:Howard Coble(R) NC-7:Mike McIntyre(D) NJ-3:Jon Runyan(R) NY-4:Carolyn McCarthy(D) NY-21:Bill Owens(D) PA-6:Jim Gerlach(R) UT-4:Jim Matheson(D) VA-8:Jim Moran(D) VA-10:Frank Wolf(R) | |
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