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Taking the Measure of Need in the Granite State

March 24, 2016 State Economy
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New Hampshire’s poverty rate of 9.2 percent was the lowest in the nation in 2014. While that distinction should inspire some pride, it should not engender complacency, for, as a means of assessing economic security, official federal poverty statistics often come up short. Indeed, economists and other analysts have long understood that the federal poverty threshold does not accurately reflect the level of income required to secure basic necessities, particularly in a state like New Hampshire, where the cost of living tends to be higher than in many other parts of the country.

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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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Declining Business Tax and Other Revenues Suggest Caution for State Budget

15 Aug 2019

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As policymakers continue to consider State Budget options and choices during the ongoing continuing resolution, understanding State revenue trends remains critical to determining the State’s ability to pay for needed services and the policy choices that affect available resources. With State Fiscal Year 2019 completed and SFY 2020 underway, recent months of revenue collections have provided some additional insight into whether the State might expect more revenue in future years. Questions remain about the future of business tax receipts in particular, which have been very difficult to predict due to recent abnormal behavior following the federal tax overhaul; however, recent data suggest anticipated declines in receipts may limit revenue going forward.