Podcasts & RSS Feeds
Most Active Stories
- Investigators Ask For Public's Help In Ongoing Abigail Hernandez Investigation
- Bare Shelves, High Spirits As Market Basket Employees Continue Rally
- Ousted CEO Arthur T. Demoulas Wants To Buy Market Basket Chain
- On Demand: What's New To Netflix, Redbox, And Amazon Prime For July 2014
- Adults Who Wear Kids' Clothing: Saving Money Through Size
Tue June 3, 2014
State Revenue Continues To Fall Below Estimates
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.