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.