A look at some of the trends in tax collections over the past decade with a brief description of each of the state’s eight major sources of tax revenue — highlighting some of the characteristics that can help guide policymakers in devising a response to the fiscal challenges now before New Hampshire.
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New Hampshire has long been portrayed as a low tax state, due in large measure to the absence of broad-based sales and income taxes. Census Bureau data released last month generally affirm that portrayal, revealing that, relative to the size of its economy, New Hampshire has nearly the lowest level of combined state and local taxes in the nation.
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The continuing partial federal government shutdown has jeopardized the continuation of food assistance through the New Hampshire Food Stamp Program to more than 78,000 individuals, including 30,000 children. The shutdown has prompted a shift in the timing of benefits for February in a way that might make it difficult for some families to pay for food throughout the month, and may leave those in need without food assistance beyond February if the shutdown continues.