N.H. revenues $16M below estimates in Feb
CONCORD, N.H. (AP) — New Hampshire’s tax collections are not coming in as projected.
Administrative Commissioner Linda Hodgdon said Wednesday that receipts for February — a small collection month — were $16 million below estimates. The state received $77 million for the month. Taxes on business, dining out and renting hotel rooms were below expectations.
Hodgdon said she is concerned by the results, but the state needs to analyze receipts for March and April — two large collection months — to determine if the trend will continue.
So far this year, state revenues are $23 million or 2 percent below projections.