NH1 Motors Block

Jan 31, 2017 5:54 PM

Report shows NH had roughly $160 million state surplus last year

The Associated Press

CONCORD (AP) — Strong state revenues allowed New Hampshire to end the last fiscal year with a nearly $160 million surplus.

The final numbers are part of the state's annual financial report released Tuesday that covers the year ending June 30, 2016. The report says $88.5 million of the surplus went into the state's general fund, while about $70 million went into the Rainy Day fund, giving it a much higher balance than normal.

Business taxes performed roughly 23 percent better than expected. The tax on rooms and meals also came in ahead of projections.

Now in the budget's second year, the state is projecting a shortfall in the health department. The budget ends June 30. Gov. Chris Sununu will present his plan for the next two-year budget next week.

--  Need a new car or even a boat? Click here to check out the all-new NH1 Motors --

--

»Comments

Must Read on NH1.com

Car Quiz NH1 Motors
NH1 NH Community Calendar and Event

NH1 Motors Featured Dealers

Grappone Automotive Group

Goodhue and Hawkins

First City Cars & Trucks

 Friday, 11:30 a.m. - President Donald Trump signs the Department of Veterans Affairs Accountability and Whistleblower Protection Act of 2017

Friday, 1 p.m. - Vice President Mike Pence gives keynote remarks at Focus on the Family's 40th Anniversary Celebration

Friday, 2 p.m. - Sens. Jeanne Shaheen and Maggie Hassan hold an emergency hearing on Republican leadership’s health care repeal bill

 

 

 

NH1 on Facebook

NH1 on Twitter