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:

Business Tax Rate Reductions Add to Uncertain Revenue Picture

January 16, 2018 State Tax Policy
NH state quarters

At the start of the 2018 Legislative Session, several bills were filed that would likely reduce New Hampshire’s available revenue. When considering changes to revenues, policymakers should be cognizant of the revenue shortfall risks the State presently faces. As of December, revenues are meeting the monthly plan based on estimates set forth by the Legislature to pay for State Budget expenditures. However, the revenue surplus is significantly smaller than it was at the start of the last two legislative sessions.

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New Hampshire’s Numbers: 2016 Census Bureau County Estimates Show Disparities Within the State

October 19, 2017 State Economy
house and family image

Following the primary data release in September 2017, the United States Census Bureau American Community Survey data released in October 2017 provides estimates, based on data collected in surveys conducted throughout 2016, of New Hampshire’s population characteristics for all geographic subdivisions with more than 20,000 residents. These data permit comparisons between point estimates for median household income and poverty rates in each of the state’s ten counties and 13 largest municipalities. On a county level, Granite Staters see widely different median household incomes from statewide median of $70,936, based on data collected in 2016, but also from each other.

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New Hampshire’s Numbers: 2016 Census Bureau Estimates for Income, Poverty, Housing Costs, and Health Insurance Coverage

September 28, 2017 State Economy
house and family image

The United States Census Bureau American Community Survey data released September 2017 provides estimates, based on data collected in surveys conducted throughout 2016, of New Hampshire’s population characteristics. The survey data provide year-to-year comparisons of key indicators affecting the lives of Granite Staters. This Fact Sheet outlines Census Bureau estimates for income, poverty, housing costs, and health insurance coverage data for New Hampshire.

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Connect with NHFPI

NHFPI’s 5th Annual Policy Conference

NHFPI Policy Conference

Common Cents Blog

Early Interest and Dividends Tax Payments Boost Surplus

5 Jan 2018

tree with coins

December revenues closed out the first half of State fiscal year 2018 with a sizable increase in the surplus, but the boost’s source suggests the result might be lower receipts in the next half of the year. Revenue sources for the General and Education Trust Funds collected $7.7 million (3.3 percent) more than planned in December, which was $14.4 million (6.4 percent) more than last December and resulted in a total unrestricted revenue surplus of $18.7 million (2.0 percent) above plan for the year. However, $7.3 million of the $7.7 million surplus from December came from a single source: the Interest and Dividends Tax.

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