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Sen. Larsen Statement on November Revenue Shortfalls

“The release of November’s revenue totals indicates the clear connection between the decisions that Republicans made with this budget and the real-world consequences that those decisions have on our citizens, our communities and our businesses.  The negative impact that additional taxes have had on hospitals – some of our NH’s largest employers – have cost NH workers more than a thousand good-paying jobs, contributed to escalating insurance premiums and have resulted in a $50 million revenue shortfall for the state.  Additionally, the decrease in the tobacco tax has resulted in a $10 million give-away to tobacco companies without any benefit to New Hampshire.  This decision has directly contributed to revenue shortfalls and may reap additional negative consequences down the road.”

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