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Governor Lynch’s FY 2012-2013 Budget Proposal

March 1, 2011 State Budget
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On February 15, Governor John Lynch presented his proposed budget for the fiscal year 2012-2013 biennium to the Legislature. Overall, he recommends that the state spend a total of $4.7 billion from General and Education Funds over the next two years, a decline of more than 3 percent relative to anticipated expenditures from these funds, and from federal fiscal relief monies, during the current FY 2010-2011 biennium.

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House Ways & Means Revenue Estimates Show Virtually No Growth For FY 2012-2013

February 3, 2011 State Budget, State Tax Policy
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The House Way and Means Committee predicts that total General and Education Fund revenue will grow very little, if at all, over the next 30 months. As a result, the Committee’s estimates serve to underscore the role that declining revenues have played in creating New Hampshire’s fiscal difficulties. If the Committee’s estimates come to pass, total General and Education Fund revenue in FY 2013 will reach its lowest level, in inflation-adjusted dollars, since the advent of the Education Fund more than a decade ago.

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Report Shows Higher Effective Tax Rates for Residents with Low Incomes

18 Oct 2018

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Most New Hampshire residents with lower incomes pay a higher percentage of the money they earn in state and local taxes than residents with higher incomes do. In a new report released yesterday, the Institute on Taxation and Economic Policy conducted evaluations of state and local government tax systems in each of the 50 states and modeled their impacts on non-elderly residents. The report concludes that 45 states have tax systems that ask a greater percentage of the incomes of those with low earnings than those with the highest incomes.