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

Last modified: 12/26/2013 11:44:39 PM
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.


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