CONCORD – House Speaker William O’Brien and House Majority Leader D.J. Bettencourt today released the following statement in response to the release of the state’s February revenue figures. The report by the Department of Administrative Services showed that state revenue for the month was under plan by $1.4 million. Tobacco tax revenues, however, surpassed expectations by $900,000.
House Speaker William O’Brien
“Today’s February revenue numbers again show why the House was so committed to using accurate, responsible revenue projections in this budget. We chose to use reliable revenue targets, and not inflate estimates as the Governor chose to do in his budget proposal to grow government more. ”
House Majority Leader D.J. Bettencourt
“Just this week Governor Lynch criticized the tax relief the legislature made last year. However, the Democrats might want to take the opportunity to see that the effects of tax reduction for our citizens are restoring the New Hampshire Advantage and bringing tobacco revenues above plan. People are responding to our ‘open for business’ approach to state government and our border retailers are clearly benefitting from a higher rate of out-of-state customers. Republicans made a promise that we would give New Hampshire residents a government that lives within its means and one that is focused squarely on making our state the best place do business and we must continue to focus on efforts that do just that.”