Business Tax Receipts Fall Well Short of Target as State Revenues Slip into Deficit in September
State revenues in September, the first major month of collections for New Hampshire’s two primary business taxes in the new fiscal year starting July 1, were behind planned amounts for two key State funds by about $27.9 million (7.8 percent). This shortfall generated a small deficit of $20.1 million (3.2 percent) for the year thus ...