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:

Food Insecurity and Economic Conditions in New Hampshire and the Nation

December 1, 2020 Health Policy
vegetables

Food insecurity is a measure that estimates the number of households experiencing a lack of food due to insufficient money or other resources over time. This measure generally correlates with overall economic conditions, and those families and individuals who are most effected by economic declines are more likely to experience food insecurity. Food insecurity has profound negative effects on children and adults alike, and compounds hardship for individuals and families. Following the Great Recession, which lasted from late 2007 to mid-2009, food insecurity levels increased nationwide. As the recovery from the Great Recession progressed, levels of food insecurity appeared to remain elevated in New Hampshire despite declining steadily around the nation.

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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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Common Cents Blog

Updated Revenue Projections Suggest Much Smaller Budget Shortfall

30 Nov 2020

tree with coins

At a November 23 briefing, key New Hampshire State agencies provided updated revenue estimates to policymakers that revealed a much more optimistic revenue outlook than previous projections. With tax receipts performing well in the State fiscal year thus far, and agencies substantially underspending their budgets last year, the total budget shortfall may be much more manageable and put fewer programs at risk than previously anticipated. Policymakers may be able to offset much of any deficit with the Rainy Day Fund and support or expand programs and services for Granite Staters, who have seen their health and financial security put at risk during the pandemic.

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