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The State Budget for Fiscal Years 2020 and 2021

December 20, 2019 State Budget
New Hampshire State House

The New Hampshire State Budget funds important services for Granite State families and children, supporting the infrastructure, education and health services, and public amenities that residents use daily. After an extended process, New Hampshire policymakers finalized a State Budget that increases investments in key areas, including public education and health services. The State Budget for Fiscal Years 2020 and 2021, which provides funding through June 30, 2021, includes significant changes to both appropriations and policies.

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Preliminary Analysis of the State Budget Agreement

September 26, 2019 State Budget
New Hampshire State House

New Hampshire’s new State Budget boosts funding for local public education, with a substantial increase during the budget biennium and a smaller increase continued over time, and includes upward adjustments to Medicaid reimbursement rates, one-time aid to cities and towns, and support for affordable housing. The budget funds these initiatives in part by deploying current surplus revenues, including revenues from reduced spending and increased lapse during the continuing resolution. Funding stems in part from freezing business tax rates at 2019 levels. However, future business tax rates would be contingent on a revenue-based trigger and could move up or down for Tax Year 2021 depending on the strength of receipts during the first year of the budget biennium.

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The Senate State Budget for State Fiscal Years 2020 and 2021

June 14, 2019 State Budget

The Senate voted to pass its version of the State Budget on June 6, modifying the version provided by the House and proposing major new initiatives in health and social services. Incorporating several bills passed independently by the Senate, the Senate Budget would expand home- and community-based services for children, establish a new job training program, and invest in a secure psychiatric unit facility and other mental health facility infrastructure. The Senate also voted to increase Medicaid reimbursement rates for all providers with a $60 million appropriation, which would help ensure the provision of health services to residents with limited resources and assist in bolstering the health care workforce.

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New Hampshire’s Minimum Wage Falls Further Behind

6 Jan 2020

tree with coins

The federal minimum wage is the lowest hourly wage that can be paid to most workers anywhere in the nation. Since its inception at the national level in 1938, when only certain workers were covered, the wage has increased and encompassed more types of employees over time. State law sets New Hampshire’s minimum wage to the federal minimum level, currently at $7.25 per hour. An individual working 40 hours per week at this wage will make about $15,000 per year, assuming they work all 52 weeks. This income level is below the federal poverty guidelines for all households other than a single person, and well below the levels for households that include a partner and children.