State on track to end budget year with $197.5 million deficit
State government is on track to end its budget year on June 30 with a $197.5 million deficit, and that shortfall will promptly be wiped out with a legislature-approved budgetary maneuver, state Comptroller Kevin Lembo announced today.
An unaudited report of New Hampshire's finances shows the state ended the fiscal year on June 30 with an unexpected $26 million surplus, which will dampen the need to make further budget cuts.