CONCORD, N.H. (AP) - New Hampshire is getting more money out of a national tobacco settlement.
Attorney General Michael Delaney says New Hampshire has been receiving an annual payment from tobacco manufacturers averaging $42 million. Developments announced Wednesday mean that the state will receive $57.3 million, about $15 million more than what was budgeted for Fiscal Year 2013.
Delaney said the litigation arose out of dispute between 20 states and the tobacco companies that joined a master settlement agreement.
Gov. Maggie Hassan said the funds will help address a projected budget deficit for Fiscal Year 2013.
The state is facing a deficit because of shortfalls in Medicaid Enhancement Tax payments, unbudgeted expenditures such as additional funds for charter schools and repayment of uncompensated care dollars to the federal government.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
PO Box 4508