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Food Insecurity Remains Higher in New Hampshire than Before Recession

September 26, 2018 Common Cents
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A larger percentage of New Hampshire residents had limited access to adequate food due to resource constraints than prior to the Great Recession, according to the most recent estimates from the United States Department of Agriculture. The agency’s report, released this month, showed progress on reducing food insecurity nationally, but New Hampshire has seen a smaller drop in the percentage of food insecure households than the nation as a whole during the economic recovery. While New Hampshire continues to perform better than the nation overall, these estimates suggest the state has not reduced food insecurity following the Recession as quickly as other states, and that the higher levels of economic growth seen in recent years are not reaching everyone.

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Interactive Maps of Municipal Economic Disparities and Fiscal Capacities

August 30, 2018 Common Cents
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New Hampshire’s economy continues to grow overall, but significant disparities in economic conditions and service needs exist within the boundaries of the Granite State. Differences between the southeastern part of the state and the more rural northern and western regions can be identified broadly and are present across many different indicators. However, experiences in local communities can vary widely even within regions. NHFPI’s new Issue Brief, Measuring New Hampshire’s Municipalities: Economic Disparities and Fiscal Capacities, explores measures indicating the differing experiences of these communities. Interactive maps showing many of these measures are available through NHFPI’s Data Viz posts.

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Year-End and July Revenues Show Surplus, Raise Questions About Business Taxes

August 14, 2018 Common Cents
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State revenues continue to come in strong, with unaudited numbers from last year and new numbers from July both showing revenue growth. Preliminary accrual figures for State fiscal year 2018, which ended June 30, 2018, showed General and Education Trust Fund revenues were over the prior year’s figures by $168.3 million (7.0 percent). July revenues were pushed above the State Budget’s planned amount by $8.7 million (8.0 percent), including a larger surplus amount attributable to solely business tax receipts. However, several other major revenue sources were down between last year and the year before, and July’s revenues continued to show weakness in a few key areas and raise ongoing questions regarding elevated business tax receipts.

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Unsettled Business Tax Revenues Push Surplus Upward, Offer Limited Insight for the Future

7 Dec 2018

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The fortunes of State revenues continue to rise and fall with New Hampshire’s two primary business taxes, which provided positive signs for near-term revenue but have not shown these levels are sustainable. While the two business taxes remained healthy, other revenue sources were relatively flat overall, leaving the State with a revenue surplus entirely dependent on the two business taxes. The lack of growth in other revenue sources combined with the uncertainty around business taxes creates an environment in which it will be very difficult to accurately project revenues for the new State Budget biennium.