March receipts show modest growth
CONCORD (AP) — New Hampshire’s March tax receipts are continuing to reflect modest growth in the economy.
Administrative Services Commissioner Linda Hodgdon said Wednesday that the state is on target for the year to collect the revenues lawmakers counted on in the two-year budget approved last June. She said the state is about $26 million ahead of projections. Lawmakers counted on that amount being carried over into next year in balancing the budget.
Hodgdon said business tax receipts were off slightly in March and bear watching in April, which is one of the state’s biggest revenue months.
She said she also is concerned about liquor revenues meeting estimates since construction at the Hooksett stores is negatively affecting sales.
Overall, receipts were about $7 million a head of estimates in March.
State looks to Minuteman Health
While other states have seen mixed results with consumer-run co-ops selling insurance under President Barack Obama’s health care law, it will be a while before New Hampshire discovers whether that kind of business model will work.
For now, Anthem Blue Cross and Blue Shield of New Hampshire is the only company selling health insurance through the new marketplace created by the law. But the state insurance department recently took the first step toward approving a nonprofit co-op, issuing a license to Massachusetts-based Minuteman Health.
In other states, the co-ops and smaller nonprofits have ended up with only minuscule shares of the market, raising questions about the competition and affordability the Obama administration envisioned. A co-op in Maine, however, is bucking the trend, capturing nearly 80 percent of the market there.
UNH to honor politically active couple
A New Hampshire couple active in state politics and a Portsmouth-based high-tech firm are being honored by the University of New Hampshire during this year’s commencement.