NH getting more tobacco money

New Hampshire getting more tobacco money than expected

Associated Press

CONCORD, N.H. (AP) -- New Hampshire is getting more money out of a national tobacco settlement.

Attorney General Michael Delaney says New Hampshire has been receiving an annual payment from tobacco manufacturers averaging $42 million. Developments announced Wednesday mean that the state will receive $57.3 million, about $15 million more than what was budgeted for Fiscal Year 2013.

Delaney said the litigation arose out of dispute between 20 states and the tobacco companies that joined a master settlement agreement.

Gov. Maggie Hassan said the funds will help address a projected budget deficit for Fiscal Year 2013.

The state is facing a deficit because of shortfalls in Medicaid Enhancement Tax payments, unbudgeted expenditures such as additional funds for charter schools and repayment of uncompensated care dollars to the federal government.

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