Distant Dome: State Government Facing Grim Budget Picture

But rather than put money away for a looming rainy day that was inevitable when the federal money dries up, led by Gov. Chris Sununu, Republican lawmakers and a handful of Democrats cut the rates of the two businesses taxes that supply the largest amount of state generated revenue, eliminated the state’s only tax on wealth — the business and interest tax — and lowered the rate of the second biggest state generated revenue source, the rooms and meals tax.