State revenues down $6.3 million for December
December revenues were $182.7 million, $6.3 million below estimates of $189 million. During the first six months of the fiscal year, the state took in $872.1 million, $17 million ahead of estimates and $8.6 million more than a year ago.
The state utility property tax accounted for more than half of the shortfall for December producing $6.9 million, while estimates were for $10.6 million. However, for the year to date, the levy has produced $16.2 million, which is $2 million more than a year ago, but $2.6 million less than budget estimates.
Businesses taxes were $1.5 million more than estimates, producing $87.9 million for December and a total of $241.6 million for the first half of the fiscal year, which is $3.6 million more than estimates and $1.3 million more than a year ago.
The rooms and meals tax produced $18.5 million for the month -- $1.3 million more than estimates -- for a total of $146.3 million which is $5.8 million ahead of the budget plan and $7.8 million more than a year ago.
On the down side, the real estate transfer tax produced $7.6 million in December, which is $1.3 million less than budget writers planned. For the year to date, the levy has produced $57.3 million, which is $4.3 million more than estimates and $6.8 million more than last year.
Also performing below estimates were transfers from the Lottery Commission, the tobacco tax and the interest and dividends tax.
Blackwater verdict stuns NH dad
Hassan, Havenstein spar over education
Making it up: Shameless state Senate attacks
A good first impression
Thieves target cars in Hollis neighborhood