State Tax Receipts Fell Slightly Below October Projections

Nov 4, 2013

New Hampshire's tax receipts are $25 million ahead of estimates so far this fiscal year despite a weak showing in October.

Administrative Services Commissioner Linda Hodgdon said receipts were $2 million below estimates, but October is a relatively small tax month. The state collected $105 million and had forecast receiving $107 million. Hodgdon said business taxes were down over $4 million, but such a small tax collection month makes it difficult to know if that signals a trend.

Since July 1, the state has collected $541 million.