{"id":8077,"date":"2012-05-03T15:53:34","date_gmt":"2012-05-03T19:53:34","guid":{"rendered":"http:\/\/stateimpact.npr.org\/new-hampshire\/?p=8077"},"modified":"2012-05-03T15:53:54","modified_gmt":"2012-05-03T19:53:54","slug":"state-revenue-shortfall-shrinks","status":"publish","type":"post","link":"https:\/\/stateimpact.npr.org\/new-hampshire\/2012\/05\/03\/state-revenue-shortfall-shrinks\/","title":{"rendered":"State Revenue Shortfall Shrinks"},"content":{"rendered":"
\"\"<\/a>

Jim Legans, Jr. \/ Flickr<\/p>

NH's revenue situation isn't as bad as originally projected<\/p><\/div>\n

Although revenues haven’t quite <\/em>pulled New Hampshire away from a budget shortfall, it seems that day could be approaching.\u00a0 As Kevin Landrigan reports for TheLobbyNH.com<\/a>:<\/p>\n

“The state took in $251 million in April, which was $2.1 million – or less than 1 percent – below the estimate that House and Senate budget writers had come up with nearly a year ago.<\/p>\n

Late last week, top legislative leaders had feared that April would be off by $12 million or more.”<\/p><\/blockquote>\n

With two months to go before the fiscal year wraps-up, Landrigan writes that the state’s raked in about $1.9 billion, and is only $32 million away from making the projected forecast.\u00a0 And Administrative Services Commissioner Linda Hodgdon is reasonably optimistic that the state could clear a good chunk of that shortfall away, if not eliminate it altogether.<\/p>\n

Part of the problem at this point is that Business Profits Tax<\/a> revenue is down (but by much less than originally expected).\u00a0 Meanwhile, some large hospitals are holding onto $40 million the state says they owe in Medicaid Enhancement taxes (and providers say they don’t<\/a>).<\/p>\n

But in the good news column, despite the kerfuffle<\/a> over the legislature lowering cigarette taxes, the volume sales strategy apparently worked better last month.\u00a0 Cigarette tax revenue actually beat expectations for April.<\/p>\n","protected":false},"excerpt":{"rendered":"

Although revenues haven’t quite pulled New Hampshire away from a budget shortfall, it seems that day could be approaching.\u00a0 As Kevin Landrigan reports for TheLobbyNH.com: “The state took in $251 million in April, which was $2.1 million – or less than 1 percent – below the estimate that House and Senate budget writers had come […]<\/p>\n","protected":false},"author":28,"featured_media":8082,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[14],"tags":[494,521],"acf":[],"_links":{"self":[{"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/posts\/8077"}],"collection":[{"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/comments?post=8077"}],"version-history":[{"count":1,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/posts\/8077\/revisions"}],"predecessor-version":[{"id":8087,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/posts\/8077\/revisions\/8087"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/media\/8082"}],"wp:attachment":[{"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/media?parent=8077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/categories?post=8077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/tags?post=8077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}