CONCORD – House Speaker William O’Brien offered the following comment in response to the release of state revenues being up $7.9 million for July.
House Speaker William O’Brien
“We are off to a good start for the new fiscal year, with revenues up almost 9% for the month of July. It’s good to see that business taxes are healthy for the month, particularly the business enterprise tax (BET), which is a sign of the state’s employment strength, and it was up nearly 28% over projections. The tobacco tax was also up again, after being right in line with projections for the last six months of the last fiscal year. This is a solid first month, and that’s important, since we know that we have several fiscal challenges for this year.”