What s in the state budget for businesses? - NH Business Review nhbr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nhbr.com Daily Mail and Mail on Sunday newspapers.
“Yucky,” said New Hampshire Administrative Services Commissioner Charlie Arlinghaus in describing prospects for the 2021-22 state budget.
Speaking to the virtual New Hampshire Leadership Summit, hosted by the Business and Industry Association of New Hampshire, Arlinghaus said the state budget was “in a hole and it’s probably going to get worse,” referring to the $106 million deficit expected to carry over from the current biennium to the next,
In particular, he described the outlook for receipts in December and March from the two business taxes the Business Profits Tax and Business Enterprise Tax as “very dicey.”
“The biggest name of the game is uncertainty,” Arlinghaus continued, pointing to the economic impact of the second wave of the coronavirus now underway, which he suggested could add another $50 million to the projected deficit.