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Mon November 4, 2013
State Tax Receipts Fell Slightly Below October Projections
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.