Revenue in Review: An Overview of New Hampshire’s Tax System and Major Revenue Sources

New Hampshire’s revenue system is relatively unique in the United States, as it lacks broad-based income and sales taxes and instead relies on a diversity of more narrowly-based taxes, fees, and other revenue sources to fund public services. This system presents both advantages and disadvantages to stable, adequate, and sustainable revenue generation.

Building the Budget: New Hampshire’s State Budget Process and Recent Funding Trends

Building the New Hampshire State Budget is a long process, which includes five major phases, challenging jargon, unwritten norms, multiple revenue estimates, and several different versions of expenditure plans and revenue expectations. But understanding the State Budget is more than just learning the process; it is key to understanding our priorities and values as a State.

Making Ends Meet

New Hampshire’s economy has, for the most part, recovered from the Great Recession, yet far too many working families still struggle to make ends meet.

Data Viz

These posts feature interactive data and insights to improve public understanding of fiscal and economic trends important to New Hampshire.  

Recent Publications:

County Medicaid Funding Obligations for Long-Term Care

August 1, 2019 Health Policy
stethoscope and pen with medical charts

Nursing home care and long-term supports and services in New Hampshire are paid by public or private funds, with Medicaid as the major public health coverage program paying for these services. Medicaid costs are paid in part by the federal government, but county governments pay a significant portion of the non-federal costs for this care, increasing upward pressure on county property tax rates. The state’s aging population will likely increase the need for long-term care services and may require modifying the current system, particularly in counties with lower taxable property values or a greater proportion of low-income residents.

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The Senate State Budget for State Fiscal Years 2020 and 2021

June 14, 2019 State Budget

The Senate voted to pass its version of the State Budget on June 6, modifying the version provided by the House and proposing major new initiatives in health and social services. Incorporating several bills passed independently by the Senate, the Senate Budget would expand home- and community-based services for children, establish a new job training program, and invest in a secure psychiatric unit facility and other mental health facility infrastructure. The Senate also voted to increase Medicaid reimbursement rates for all providers with a $60 million appropriation, which would help ensure the provision of health services to residents with limited resources and assist in bolstering the health care workforce.

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Funding the State Budget: Recent Trends in Business Taxes and Other Revenue Sources

May 22, 2019 State Tax Policy
NH state quarters

Understanding recent revenue trends is key to accurately projecting the amount of revenue expected over the next two State fiscal years and maintaining a balanced State Budget. Revenue projections are especially difficult to make accurately this year, given recent abnormal behavior in receipts from the State’s two primary business taxes, which have driven most revenue growth in recent years. These unusual trends have produced a significant revenue surplus, which presents an opportunity for making critical investments. However, understanding both the potential causal factors for the increases in business tax receipts and the trends in other revenue sources informs decisions concerning those investments and the fiscal support needed for them in the future.

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Common Cents Blog

Declining Business Tax and Other Revenues Suggest Caution for State Budget

15 Aug 2019

tree with coins

As policymakers continue to consider State Budget options and choices during the ongoing continuing resolution, understanding State revenue trends remains critical to determining the State’s ability to pay for needed services and the policy choices that affect available resources. With State Fiscal Year 2019 completed and SFY 2020 underway, recent months of revenue collections have provided some additional insight into whether the State might expect more revenue in future years. Questions remain about the future of business tax receipts in particular, which have been very difficult to predict due to recent abnormal behavior following the federal tax overhaul; however, recent data suggest anticipated declines in receipts may limit revenue going forward.

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