Categories
· Tax
USA, by State
· New Hampshire
|
School bonds, wine, cigarettes mentioned
Jump to full article: Concord (NH) Monitor, 2008-05-02
Author: LAUREN R. DORGAN Monitor staff
Intro: If Gov. John Lynch has his way, smokers will soon shell out 25 cents more in taxes for every pack of cigarettes, grocers might have to pay more for the wine they sell and the state will shift how it finances school projects, borrowing bonds rather than paying cash.
Lynch unveiled those proposals yesterday as part of his plan to plug a growing hole in the state budget, which he said could reach $75 million this year and $150 million next, "if not more," . . .
Raising the cigarette tax by 25 cents, to $1.33, would bring in $22 million over two years. Legislators and the governor said they're keeping an eye directed south as Massachusetts legislators weigh increasing their cigarette tax by $1, to $2.51, to fund extra costs for the state health-care plan. Maine charges $2 in taxes per pack; legislators there nixed an increase proposal last month.
During Lynch's tenure, New Hampshire's cigarette tax has increased 56 cents.
Jump to full article » |