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Statement of Executive Director Jeff McLynch on Legislative Briefings on New Hampshire Economy

December 13, 2011 Research, State Economy
NH state quarters

As state lawmakers meet this week to examine the condition of the New Hampshire’s economy and its ramifications for state revenue, they should remain mindful of the consequences that the current state budget has had for individuals and families across the state, according to NHFPI Executive Director Jeff McLynch.

“Should revenue collections for the fiscal year 2012-2013 biennium fall short of expectations, policymakers should not rely on further spending cuts. Rather, they should take a more balanced approach that seeks to generate additional revenue and forestall further cuts to critical services,” he said.

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Poverty Continues to Climb in the United States, Remains Above Pre-Recession Levels in New Hampshire

September 13, 2011 Research, State Economy
Manchester NH

While New Hampshire’s poverty rate is markedly lower than that of the nation, it is still substantially higher than it was several years ago, reflecting the state’s ongoing difficulties in bouncing back from the recession.

According to preliminary Census Bureau figures, approximately 94,000 Granite Staters – or 7.2 percent of the state’s population – lived in poverty during the two-year period from 2009 to 2010. For the nation as a whole, 46.2 million people had incomes below the poverty line in 2010, resulting in a poverty rate of 15.1 percent.

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Poverty on the Rise Across the US and in New Hampshire

September 16, 2010 State Economy
Manchester NH

The US Census Bureau’s annual report on income, poverty, and health insurance coverage reveals a sizable increase in the national poverty rate in 2009 with a similarly sharp upturn in poverty in New Hampshire. A poverty rate of 7.4 percent suggests that roughly 97,000 people in New Hampshire had incomes below the official poverty line during the 2008-2009 period.

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Senate Finance Committee Approves Amended Budget

26 May 2017

tree with coins

On May 24, the Senate Finance Committee approved a State Budget proposal that would appropriate $11.86 billion in state fiscal years 2018 and 2019. This proposal is $324.7 million less than the Governor’s proposed budget, which the Senate Finance Committee used as a baseline for its decisions, and $5.9 million higher than the House Finance Committee’s budget. It contains substantial differences from both versions, both in funding allocation and policy decisions.