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Understanding Differing Median Household Income Estimates

September 20, 2017 Common Cents
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Recent Census Bureau releases showing data for 2016 yielded some good news for New Hampshire, with a lower overall poverty rate and lower poverty rates for children and seniors, although about 23 percent of households earned less than $35,000 per year and more than 94,000 Granite Staters remained in poverty. Attentive news consumers may have heard that New Hampshire has the highest median household income of any state in the country, at $76,260. However, these same consumers may have also read New Hampshire has the eighth highest median household income in the country at $70,936, with both sets of reports citing the U.S. Census Bureau.

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Census Data Show Challenges with Income, Poverty, and Housing Costs

September 14, 2017 Common Cents
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The Census Bureau released the one-year estimates for 2016 population characteristics based on the American Community Survey on September 14, showing poverty and unemployment in New Hampshire continue to decline in the wake of the Great Recession, but some groups are still struggling more than others. The poverty rate, or the number of people below the poverty threshold, dropped a statistically significant amount between 2015 and 2016, from 8.2 percent to 7.3 percent, with an estimated 94,289 Granite Staters in poverty in 2016.

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State Revenues on Target, But Concerns Linger

September 6, 2017 Common Cents
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With revenues collected for the first two months of State fiscal year 2018, certain revenue sources appear to be matching the State’s revenue plan while others, including key revenue generators, appear to be flagging. On a cash basis, revenue for the General and Education Trust Funds was $1.4 million below plan during the month of August. The Real Estate Transfer Tax, which has been robust in recent years, fell short of plan by the largest dollar amount of any other source at $1.9 million.

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Elections Highlight Continuing Questions About Keno Revenue

8 Nov 2017

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While results are still preliminary, Keno gaming appears to have been legalized in seven cities around New Hampshire as a result of Tuesday’s votes. The margin of victory in Rochester for Keno legalization was reportedly only one vote and may still be subject to change or recount, but voters appear to have legalized Keno gaming in Berlin, Claremont, Laconia, Manchester, Nashua, Rochester, and Somersworth. Voters in Concord, Dover, and Keene voted against Keno gaming legalization. Franklin had legalized Keno gaming previously, and the Portsmouth City Council decided to not put Keno on the ballot. Other municipalities, including the City of Lebanon, may make decisions regarding Keno legalization next year. These results have implications for State policy and finances.