New Hampshire State Revenues on Target, But Concerns Linger

With revenues collected for the first two months of State fiscal year (SFY) 2018, certain revenue sources appear to be matching the State’s revenue plan while others, including key revenue generators, appear to be flagging.

On a cash basis, revenue for the General and Education Trust Funds was $1.4 million below plan during the month of August. The Real Estate Transfer Tax, which has been robust in recent years, fell short of plan by the largest dollar amount of any other source at $1.9 million. Tobacco Tax revenues fell short by $1.4 million, but earlier than anticipated receipts from the Utility Property Tax bolstered revenues by $1.2 million in August. The Meals and Rentals Tax, which has been a reliable source of revenue growth in recent years, matched its planned amount. This follows July revenues in which Meals and Rentals Tax and Real Estate Transfer Tax revenues did not deviate significantly from plan, and Tobacco Tax revenues were $0.8 million higher than planned. | More…

| NHFPI

 

 

About Steve Mac Donald

Husband, Dad, Dog Lover, Blogger, (sometimes) Radio Co-Host, Free Speech Facilitator, Climate Denier, Gun Owner, info-junkie, ...
This entry was posted in Budgets, Debt/Spending, Economy/Economics, taxes and tagged , . Bookmark the permalink.

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