Sununu: Impact of pandemic on New Hampshire economy won’t be fully known until fall
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New Hampshire Gov. Chris Sununu said the state budget is OK on a cash basis right now, but he doesn’t suspect it will be for very long.
“There’s a lag time between the health of your economy and the amount of revenue you are bringing in, because a lot of the revenues that have been coming in for the past few months have really been generated by profits and the economic situation prior to COVID,” Sununu said. “As we hit September, as we hit November, December, as we go into this year, I think we are going to see the true economic impact not just to businesses but in terms of the revenue.”