Loading chat...
NH HB197
Bill
Status
1/7/2025
Primary Sponsor
Michael Edgar
Click for details
AI Summary
-
State would pay 7.5% of retirement system contributions for group I teachers and group II members (police and firefighters) employed by political subdivisions, with local employers paying the remaining 92.5%
-
Known as the "Property Tax Relief Act of 2025," restoring state contribution to municipal retirement costs that was eliminated in FY 2013
-
Estimated state General Fund expenditures of $28.0 million in FY 2026, $28.74 million in FY 2027, and $29.51 million in FY 2028
-
Political subdivisions would see corresponding savings: approximately $18.6 million for teachers, $6.0 million for police, and $3.4 million for firefighters annually
-
Effective date of July 1, 2025; bill does not include appropriation to fund the expenditures
Legislative Description
Relative to payment by the state of a portion of retirement system contributions of political subdivision employers.
Last Action
Inexpedient to Legislate: Motion Adopted Regular Calendar 172-159 01/07/2026 House Journal 1
1/7/2026