NH cities seem to avoid financial crisis

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In other states, cities are cutting expenses as they watch their tax revenue and investment returns plummet due to the mortgage crisis and slumping economy. But New Hampshire municipalities appear to be in better shape because they rely almost exclusively on property taxes to fund their budgets.

Judy Silva at the New Hampshire Municipal Association says there hasn’t been a dramatic effect on municipal services so far, but that picture could change in December when the next round of property taxes are due.

Betsy Miller, executive director of the New Hampshire Association of Counties, said she has only heard a casual concern from the counties about whether people will be able to pay their property taxes. She has heard of no cuts.

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