Some of the current proposals to reduce business taxes ignore facts about N.H.’s tax structure and, more generally, about the impact taxes have on economic activity. Here’s an overview to help put things in perspective.
... Continue Reading
The House Way and Means Committee predicts that total General and Education Fund revenue will grow very little, if at all, over the next 30 months. As a result, the Committee’s estimates serve to underscore the role that declining revenues have played in creating New Hampshire’s fiscal difficulties. If the Committee’s estimates come to pass, total General and Education Fund revenue in FY 2013 will reach its lowest level, in inflation-adjusted dollars, since the advent of the Education Fund more than a decade ago.
... Continue Reading
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.
... Continue Reading
The Supplemental Nutrition Assistance Program (SNAP), known as the New Hampshire Food Stamp Program in the Granite State, helps families and individuals with lower-incomes put food on the table. Eligibility for SNAP is based on gross and net income, assets, household size, and other factors. Additionally, a large portion of SNAP eligibility is dependent on meeting certain work requirements. In September 2019, 73,671 Granite Staters were enrolled in SNAP, including 28,361 children. About one in nine children in New Hampshire receive SNAP benefits, based on these most recent data. Enrolled older adults and individuals with disabilities also rely on SNAP for food assistance.