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:

The State Senate’s Proposed Budget

June 13, 2017 State Budget
Senate Chamber

The State Senate, using the Governor’s operating budget proposal from February as a baseline, crafted a State operating budget that reduces spending though changes to program funding levels and to anticipated federal funds. The Senate reduced appropriated spending from the Governor’s budget by $324.7 million, accomplished in part by planning to authorize up to $237.8 million through other mechanisms outside of the State Budget. About 63 percent of the program areas were funded at levels proposed by Governor Sununu’s budget, and while the Senate budget grows from the current State fiscal year (SFY) 2017 budget by approximately 1.7 percent for SFY 2018, about 41.3 percent of program areas would receive the same funding or less in SFY 2018.

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

May 24, 2017 State Tax Policy
NH state quarters

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.

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The New Hampshire Food Stamp Program

March 10, 2017 State Economy
vegetables

The New Hampshire Food Stamp Program, also known by the federal designation Supplemental Nutrition Assistance Program (SNAP), provides resources to eligible individuals to purchase certain food items at grocery stores and other participating food retailers. SNAP benefits are designed to provide the difference between the cost of a nutritionally adequate food plan (designed by the U.S. Department of Agriculture) and 30 percent of the net household income, which is the portion expected to be used on food. The federal government funds 100 percent of SNAP benefits, and the cost of state-level administration is split evenly with the state government.

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Common Cents Blog

Legislature Passes Budget, Now Heading to the Governor

22 Jun 2017

tree with coins

On June 22, both the New Hampshire House and the Senate passed HB 144, the primary budget bill, and HB 517, the budget trailer bill, as proposed by the Committee of Conference. These two bills allocate and direct funding for the next two State fiscal years (SFY), which begin on July 1, 2017 and end June 30, 2019. HB 144 authorizes and appropriates $11.855 billion for SFYs 2018-2019 for State agencies to use, although the Legislature assumes State agencies will lapse a certain percentage of their appropriations and spend less money overall. This lapse, however, is not included in the amount agencies are legally appropriated in HB 144.

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