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New Hampshire’s Economy: Moving Forward, but Not Yet Running on All Cylinders

October 26, 2015 State Economy

One of the key issues debated throughout this year’s extended legislative session was the state of the New Hampshire economy and whether changes in business tax rates would help to foster future growth. While this issue dominated budget discussions, an examination of the true state of the economy often seemed missing. As this Issue Brief explains, on one hand, New Hampshire businesses are steadily producing more goods and services and hiring additional workers. At the same time, though, more and more of our fellow residents struggle to provide the basics for themselves, particularly households with children.

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Regional Impact of Raising New Hampshire’s Minimum Wage

April 4, 2014 State Economy

Raising New Hampshire’s minimum wage would begin to build an economy that works for everyone in the Granite State, enhancing economic security for thousands of workers and helping to boost bottom lines at local businesses. While the impact of a higher minimum wage would be felt throughout New Hampshire, some regions of the state would be more affected than others, due to variations in population and in the composition of local workforces.

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Long Since Due: An Increase in New Hampshire’s Minimum Wage

March 12, 2014 State Economy
NH Minimum Wage Worker statistics

Due to legislative inaction and the corrosive effects of inflation, New Hampshire’s current minimum wage comes up short in a number of ways. It trails behind the rest of New England, stands below prior levels in terms of real purchasing power, and leaves workers struggling to get by. Accordingly, raising the minimum wage and ensuring it is adjusted for the cost of living in future years would help families make ends meet, boost sales at local businesses, and put New Hampshire on a path towards an economy that works for everyone.

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

29 Jun 2017

tree with coins

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.