Just a little over four short years ago, New Hampshire found itself in an enviable financial situation. With $89 million in the rainy day fund to protect against future economic downturns, we had a chance to make a strong case for pushing for the state to have a AAA bond rating, the highest around.

Sadly, what followed was a Democratic governor and prior legislatures choosing to grow government instead of exercising the fiscal restraint that would protect our taxpayers and the state’s creditworthiness. It was this same lack of fiscal discipline and concern about overspending that resulted in more than 100 new or increased taxes and fees in the four years prior to the current leadership in the House and Senate.

Read more at the Concord Monitor: Let’s use surplus to rebuild rainy day fund