N.H. tax receipts continue positive trend
New Hampshire’s March tax receipts are continuing to reflect modest growth in the economy.
Administrative Services Commissioner Linda Hodgdon said yesterday that the state is on target for the year to collect the revenues lawmakers counted on in the two-year budget approved last June. She said the state is about $26 million ahead of projections. Lawmakers counted on that amount being carried over into next year in balancing the budget.
Hodgdon said business tax receipts were off slightly in March and bear watching in April, which is one of the state’s biggest revenue months.
She said she also is concerned about liquor revenues meeting estimates since construction at the Hooksett stores is negatively affecting sales.
Overall, receipts were about $7 million a head of estimates in March.