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N.H. finishes 2013 with $72 million budget surplus

The state of New Hampshire will finish 2013 with a budget surplus of $72.2 million.

A state report released yesterday notes that a stronger economy, lawsuit settlements and sound management helped the financial picture.

Business tax receipts were $33.7 million higher than anticipated while meal-and-room taxes were $14.1 million higher. Real estate transfer taxes were $12.2 million more than expected.

In 2013, the state got $20.8 million from the national tobacco settlement and another $9 million from a settlement with Hess over the gasoline additive MTBE.

Gov. Maggie Hassan praised the Legislature for working across party lines to pass a responsible, $10.7 billion budget.

House Republican Leader Gene Chandler said the good news should not be an excuse to increase spending and that the state should increase its rainy day fund.

Legacy Comments1

Is that the same Gov. Maggie Hassan that declared that the Responsible Republicans budget was DRACONIAN ? Hassan like Kuster has learned well from the Liar in Chief NObama......contribute nothing, demonize your opponents, accept no blame but take credit for all successes. That is the democrat candidate of today - ZERO Statesmanship - 100% politician

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