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Constitutional Limits on Taxes or Spending Would Increase Pressure on Local Property Taxes

March 20, 2012 Research, State Tax Policy
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Local governments across New Hampshire have received less aid from the state to meet the needs of local citizens and businesses in recent years. As a result, they have been forced to increase local property taxes to preserve the education, public safety, transportation, and other services that make New Hampshire’s communities desirable places to live, work, and visit. Competing versions of a constitutional amendment now before the Legislature risk adding to these pressures when New Hampshire already relies on local property taxes more than any other state.

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Proposed Spending Cap Could Lock In Current Spending Cuts for a Decade

February 13, 2012 State Tax Policy

A proposal to rewrite the New Hampshire Constitution to cap the growth of state spending at the rate of inflation would create a new set of problems when it comes to developing a smart budget.

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Testimony before the Commission to Study Business Taxes

February 6, 2012 State Tax Policy
NH state quarters

The legislative Commission to Study Business Taxes met Monday, February 6, to receive public input on its draft report recommending changes to New Hampshire’s tax system. Taken together, the recommendations would mean a substantial revenue loss for the state. Had the recommendations been in place for the current biennium, they would have reduced state revenue by a conservative estimate of $100 million. This kind of revenue loss would likely require major cuts to public services, including infrastructure and education that are critical to attracting new businesses. NHFPI Executive Director Jeff McLynch testified that the proposals may hurt economic growth, not help.

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Census Data Show Challenges with Income, Poverty, and Housing Costs

14 Sep 2017

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The Census Bureau released the one-year estimates for 2016 population characteristics based on the American Community Survey on September 14, showing poverty and unemployment in New Hampshire continue to decline in the wake of the Great Recession, but some groups are still struggling more than others. The poverty rate, or the number of people below the poverty threshold, dropped a statistically significant amount between 2015 and 2016, from 8.2 percent to 7.3 percent, with an estimated 94,289 Granite Staters in poverty in 2016.