State revenue surplus holds as fiscal year ends and Business Tax receipts underperform

read more…: State revenue surplus holds as fiscal year ends and Business Tax receipts underperform

New Hampshire State revenues ended State Fiscal Year (SFY) 2024 in June with receipts slightly above expectations, but below the prior year, for the month. Overall, the State’s combined General and Education Trust Funds surplus for the total of SFY 2024 held at $146.5 million, or 4.6 percent, above the State Revenue Plan on a cash basis. However, about 87 percent of that total surplus amount was generated by two revenue sources that are likely to disappear in future years.