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NHFPI Testimony Before the Senate Finance Committee Regarding the FY 2016-2017 Budget

May 5, 2015 State Budget
New Hampshire State House

On May 5, 2015, New Hampshire Fiscal Policy Institute Executive Director Jeff McLynch provided testimony regarding the FY 2016-2017 state budget at a public hearing held before the Senate Finance Committee. NHFPI testimony focused on two key areas: the restoration of funding for vital services and the impact of proposed business tax cuts, and the reauthorization of the New Hampshire Health Protection Program.

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The House Finance Committee’s Proposed FY 2016-2017 Budget

March 30, 2015 State Budget
New Hampshire State House

Constrained by state revenues that have failed to rebound since the national recession and a refusal to consider options to bolster them in a meaningful and sustainable fashion, the version of the fiscal year 2016-2017 budget approved by the House Finance Committee would provide significantly fewer resources for an array of public services than the budget recommended by Governor Hassan in February. Compared to the Governor’s plan, the budget the full House of Representatives will consider this week would reduce investments in physical infrastructure, higher education, and other areas critical to New Hampshire’s economic future and would imperil services designed to protect the most vulnerable residents of the Granite State.

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NHFPI Testimony Before the House Finance Committee Regarding FY 2016-2017 State Budget

March 5, 2015 State Budget
New Hampshire State House

On March 5, NHFPI Executive Director Jeff McLynch provided testimony regarding the FY 2016-2017 state budget at a public hearing held before the House Finance Committee. His testimony expressed support for two key elements of Gov. Hassan’s FY 2016-2017 budget proposal. First, the proposal acknowledges the chief source of New Hampshire’s fiscal challenges – the failure of its revenue system to recover from the last recession – and offers multiple recommendations to begin to address it. Second, the proposal extends the New Hampshire Health Protection Program beyond 2016, providing greater certainty for Granite State workers, health care providers, and others, while maintaining fiscal protections originally included in the legislation creating the program.

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Common Cents Blog

State’s Diverse Tax Base Stabilizes Revenue, But Business Tax Changes May Increase Volatility

29 Jun 2017

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New Hampshire’s state tax revenue is relatively stable, but the State’s largest tax may be among the most volatile types of common taxes, a new analysis from The Pew Charitable Trusts suggests. Between 1997 and 2016, New Hampshire’s tax volatility, as measured through percentage changes from the prior fiscal year, was only higher than five other states, suggesting New Hampshire’s tax revenues do not typically deviate dramatically from year to year relative to other states. However, digging into the diverse revenue streams and drawing on the experiences from other states shows some risk for New Hampshire.