Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
Donate your vehicle during the month of April or May and you'll be entered into a $500 Visa gift card drawing!
0000017a-15d9-d736-a57f-17ff8d530000

State Revenue Continues To Fall Below Estimates

Sean Marshall via Flickr CC

Administrative Services Commissioner Linda Hodgdon said Tuesday that May's revenues were about $3 million below estimates, mostly because $2.6 million the state thought it would get during the month came in April instead.

Hodgdon said May is a small tax collection month and can't be used to pinpoint trends. She said officials will be better able to tell if a trend is developing once tax receipts are in for June, a significant tax collection month.

The state collected $86 million in May. So far this fiscal year, the state has collected $2 billion in general state taxes and is about $800,000 ahead of projections.

Gov. Maggie Hassan issued an executive order freezing some spending due to poor April tax receipts.

Related Content

You make NHPR possible.

NHPR is nonprofit and independent. We rely on readers like you to support the local, national, and international coverage on this website. Your support makes this news available to everyone.

Give today. A monthly donation of $5 makes a real difference.