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:

New and Expanded Challenges Facing Vulnerable Populations in New Hampshire

September 23, 2020 Health Policy
mother and sleeping baby at table

The COVID-19 crisis has had widespread impacts on life in New Hampshire, but the negative effects have been most severe on people who were already the most vulnerable. Vulnerable groups in New Hampshire include older adults, people with disabilities, individuals with chronic health conditions, individuals and families with lower incomes and who are economically disadvantaged, and people identifying as a race or ethnicity other than white and non-Hispanic. While there have been key policies at both the state and federal level in response to the COVID-19 crisis, the uncertainty surrounding the duration and severity of the impacts of this crisis may necessitate additional investments and policy actions.

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Census Bureau 2019 Estimates for Income, Poverty, Housing Costs, and Health Coverage

September 18, 2020 State Economy
house and family image

The U.S. Census Bureau American Community Survey data released September 17, 2020 provide estimates based on surveys conducted throughout 2019. These data were collected prior to the onset of the COVID-19 crisis, and do not reflect the crisis’s dramatic impact on the wellbeing of Granite Staters. Median household income increased between 2018 and 2019, and the child poverty rate dropped, while the overall poverty rate, rate of health coverage, and renter housing costs relative to income remained relatively unchanged.

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Early Impacts of the COVID-19 Crisis on State Revenues

September 9, 2020 State Tax Policy
New Hampshire State House

Funding for New Hampshire’s State Budget relies on revenues generated from economic activity, which has been severely curtailed by the COVID-19 crisis. These State revenues pay for key services for Granite Staters, including supports and assistance designed to help those facing financial hardship. With nearly half of New Hampshire households reporting a loss in employment income since mid-March, the need for State services intended to aid families with low incomes, as well as support for education and health services, has increased during the pandemic and will likely remain elevated into the next State Budget biennium.

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Common Cents Blog

State Fiscal Situation Improves with Higher Revenues and Agency Underspending

9 Oct 2020

tree with coins

A combination of revenues recovering faster than anticipated, including some potentially atypical receipts, and underspending at public agencies has improved the State of New Hampshire’s fiscal situation relative to projections from earlier in the year. While the situation is more favorable than previously expected, significant unknowns remain, including the course of the pandemic and the potential for federal assistance to states and local governments, all of which could have profound impacts on New Hampshire’s ability to fund key services for Granite Staters.

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