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Americans for Prosperity Says Audit Showing Mismanagement of Tax Credits Shows Lack of Accountability, Need for Transparency in State

June 10, 2014

MANCHESTER – Americans for Prosperity – New Hampshire (AFP-NH) pointed to a performance audit by the Legislative Budget Assistant (LBA) showing that the state Department of Resources and Economic Development (DRED) mismanaged over $875,000 in unearned tax credits and failed to give over $120,000 in tax credits that should have been earned in 2011-12 as reasons why the state needs to dramatically increase its financial control and expand transparency efforts.  This audit comes after reports in recent years outlining failures of financial controls in the State Liquor Commission the Fish and Game Department.

“This latest audit is just one more example of an Executive Branch that has been led by governors in recent times who were more committed to an Ahab-like quest to grow government and who have forgotten that making sure there is accountability for the use of taxpayer dollars must be a priority,” said Greg Moore, AFP-NH State Director.  “The lack of financial controls across state government is stunning and the fact that Governor Hassan isn’t outraged by this report shows that making sure that the money from the hard-working taxpayers of New Hampshire is spent appropriately simply is not significant to her.  New Hampshire taxpayers deserve better.”

AFP-NH called for additional transparency effort as a result of the audit.

“Since Governor Hassan is not going to take the lead on fixing the state’s financial problems, it’s up to the public and groups like AFP-NH to do take matters into our own hands,” added Moore.  “While we have made some important steps to give information to the public through the TransparentNH website, that too needs to be significantly upgraded to become more functional for those who aren’t experts on the state budget.  Meanwhile, the area addressed in this audit – tax credits – is not readily available for the public to view.  New Hampshire should become a leader in state financial transparency, and give our citizens the chance to see the government’s failing without needing a performance audit of every agency.”

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