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NH finishes 2013 with $72M budget surplus - WCAX.COM Local Vermont News, Weather and Sports-

NH finishes 2013 with $72M budget surplus

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CONCORD, N.H. (AP) - The state of New Hampshire will finish 2013 with a budget surplus of $72.2 million.

A state report released Thursday notes that a stronger economy, lawsuit settlements and sound management helped the financial picture.

Business tax receipts were $33.7 million higher than anticipated while meal and room taxes were $14.1 million higher. Real estate transfer taxes were $12.2 million more than expected.

In 2013, the state got $20.8 million from the national tobacco settlement and another $9 million from a settlement with Hess over the gasoline additive MTBE.

Gov. Maggie Hassan praised the Legislature for working across party lines to pass a responsible, $10.7 billion budget.

House Republican leader Gene Chandler says the good news should not be an excuse to increase spending and that the state should increase its rainy day fund.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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