Concord, NH – Senator David Boutin (R-Hooksett) released the following statement on May’s revenue estimates.
“We are obviously pleased with such strong revenues in May, which exceeded forecasts by $10 million. With one month to go in this budget, we’re within two percent of the conservative revenue projections we adopted two years ago,” said Senator David Boutin (R-Hooksett), Chair of the Senate Ways and Means Committee.
“This reinforces the Senate Ways and Means Committee’s decision to anticipate moderate growth in state revenues over the next two years. It is tempting to count on even faster growth in our economy in order to justify higher spending in the budget, but that would leave us vulnerable to a huge budget deficit if those rosy revenues never materialize,” Boutin added.