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Common Cents is the New Hampshire Fiscal Policy Institute’s blog, where we cover state budget matters, health policy, economic issues and more.

 

  • New Hampshire Trails in Higher Education Funding November 20, 2019 It has been over a decade since the end of the last recession. During this time, investments and funding for public higher education across the nation have seen reductions overall. States reduced expenditures in the aftermath of the recession, including decreased spending to support public higher education. Recent analyses from ...
  • Pending Federal Proposals Would Reduce SNAP Benefits, Including Enrollment of Households with Children October 25, 2019 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 ...
  • New Hampshire’s Food Insecurity Levels Return to Pre-Recession Levels September 27, 2019 According to new estimates from the United States Department of Agriculture (USDA), New Hampshire and the nation have experienced improvements in households’ access to food. The recently released report outlines the progressing trends of reduced food insecurity, declining from higher levels experienced in the recovery period after the Great Recession. ...
  • New Census Bureau Data Show NH Incomes, Poverty Rates Holding Steady September 26, 2019 Median household incomes and key poverty rates remained essentially the same in New Hampshire from data collected in 2017 to 2018 data, suggesting economic growth in the state did not boost the overall purchasing power of people with low or middle incomes relative to inflation. New data published today by ...
  • State Budget Agreement Includes Education Funding Revisions, Medicaid Reimbursement Rate Increases, and Contingent Business Tax Rates September 25, 2019 The newly-proposed State Budget agreement to be considered by the Legislature today would boost funding for local public education, with a substantial increase during the budget biennium and a smaller increase continued over time, and includes upward adjustments to Medicaid reimbursement rates and one-time aid to cities and towns. The ...
  • Declining Business Tax and Other Revenues Suggest Caution for State Budget August 15, 2019 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 ...
  • Continued Rise of NH’s Rental Costs Increases Financial Burdens on Residents August 9, 2019 The New Hampshire Housing Finance Authority recently released the findings of their 2019 Residential Rental Cost Survey for the state. Conducted annually in order to understand the condition of the unsubsidized rental market in the state, the latest report identifies several important ongoing trends. The overall increase of New Hampshire’s ...
  • Federal Court Halts New Hampshire Medicaid Work Requirements July 30, 2019 In a July 29 ruling, a federal judge halted the implementation of New Hampshire’s work and community engagement requirements for expanded Medicaid enrollees. New Hampshire’s expanded Medicaid program provides health coverage to nearly 50,000 residents with low incomes. Work requirement implementation had already been delayed by the State due to ...
  • State Delays Implementation of Medicaid Work Requirements, Citing Potential Coverage Losses July 11, 2019 Earlier this week, New Hampshire state officials suspended the implementation of the work and community engagement requirements for expanded Medicaid beneficiaries until September 30. The Department of Health and Human Services had no information on the compliance of approximately 17,000 individuals, which would have meant up to that many individuals ...
  • Services Funded at Lower Levels than Proposed After Governor Vetoes Budget July 1, 2019 New Hampshire began State Fiscal Year 2020 without a new State Budget after the Governor vetoed the Legislature’s approved State Budget last week. In the absence of a State Budget, services are funded through House Joint Resolution 3, which both the House and the Senate passed last week. Services provided ...
  • Committee of Conference Keeps Medicaid Reimbursement Rate Increases, Boosts Fiscal Disparity Aid in Final Budget Agreement June 24, 2019 Negotiators from the House and Senate agreed to a final budget proposal in the Committee of Conference for House Bill 1 and House Bill 2 last week, preserving many Senate proposals while incorporating additional education aid and removing the paid family and medical leave proposal supported by both the House ...
  • Low and Moderate Income Homeowners Property Tax Relief Applications Due June 30 June 17, 2019 The Low and Moderate Income Homeowners Property Tax Relief program is a rebate program operated by the State of New Hampshire’s Department of Revenue Administration that provides a relatively small amount of property tax relief to homeowners with limited incomes. Eligible homeowners must earn $20,000 per year or less for ...
  • Senate Passes Budget, Approves Funding Increases for Local Education Aid and Medicaid Rates June 7, 2019 After considering a series of amendments to House Bill 2, the Senate accepted the Senate Finance Committee’s proposal for the State Budget without changes on Thursday, June 6. The House is expected to vote on Thursday, June 13 on whether to form a Committee of Conference or accept the Senate’s ...
  • Senate Finance Committee Budget Restores Stabilization Grants, Boosts Medicaid Rates, and Sends One-Time Aid to Local Governments June 3, 2019 The Senate Finance Committee completed work on its version of the State Budget Friday, May 31, proposing to send unrestricted aid to local governments in a one-time fashion and restore the original stabilization grant amounts to communities for public education. The Senate Finance Committee modified the House Budget proposal to ...
  • House Finance Committee Budget Boosts Education and Health Funding April 5, 2019 The House Finance Committee passed its version of the State Budget on Wednesday, April 3, recommending the full House adopt a plan to send significantly more money to local governments for education aid and add funding for State health services. The plan would fund these increases by using the current ...
  • Work Requirement Implementation Begins Amid Troubling Signs from Other States March 4, 2019 Implementation of the work and community engagement requirements for Medicaid expansion enrollees officially began March 1, with June as the first month requiring non-exempt enrollees to have 100 hours of qualifying activities. The flexibility within New Hampshire’s current rules permits enrollees to use a subsequent month to fulfill their required ...
  • Federal Shutdown Threatens Food Assistance Benefits January 24, 2019 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 ...
  • Federal Tax Law Effects Still Uncertain as NH Business Tax Rates Drop January 4, 2019 New Hampshire’s two primary business tax rates dropped for most businesses starting at the beginning of this calendar year, and state business tax revenues generated by the effects of the federal tax overhaul may be limited going forward, putting the state’s largest tax revenue stream at risk.
  • Unsettled Business Tax Revenues Push Surplus Upward, Offer Limited Insight for the Future December 7, 2018 The fortunes of State revenues continue to rise and fall with New Hampshire’s two primary business taxes, which provided positive signs for near-term revenue but have not shown these levels are sustainable. While the two business taxes remained healthy, other revenue sources were relatively flat overall, leaving the State with ...
  • Report Shows Higher Effective Tax Rates for Residents with Low Incomes October 18, 2018 Most New Hampshire residents with lower incomes pay a higher percentage of the money they earn in state and local taxes than residents with higher incomes do. In a new report released yesterday, the Institute on Taxation and Economic Policy conducted evaluations of state and local government tax systems in ...
  • Business Tax Revenues Drive Surplus with Continued Abnormal Behavior October 4, 2018 Business tax revenues, propelled higher by certain unusual trends, continued to overperform in September, which is the largest revenue month in the new fiscal year thus far. Business tax extension revenues continued to be well above normal, suggesting more or larger businesses are delaying their final business tax filings. Revenue ...
  • Food Insecurity Remains Higher in New Hampshire than Before Recession September 26, 2018 A larger percentage of New Hampshire residents had limited access to adequate food due to resource constraints than prior to the Great Recession, according to the most recent estimates from the United States Department of Agriculture. The agency’s report, released this month, showed progress on reducing food insecurity nationally, but ...
  • Interactive Maps of Municipal Economic Disparities and Fiscal Capacities August 30, 2018 New Hampshire’s economy continues to grow overall, but significant disparities in economic conditions and service needs exist within the boundaries of the Granite State. Differences between the southeastern part of the state and the more rural northern and western regions can be identified broadly and are present across many different ...
  • Year-End and July Revenues Show Surplus, Raise Questions About Business Taxes August 14, 2018 State revenues continue to come in strong, with unaudited numbers from last year and new numbers from July both showing revenue growth. Preliminary accrual figures for State fiscal year 2018, which ended June 30, 2018, showed General and Education Trust Fund revenues were over the prior year’s figures by $168.3 ...
  • Business Taxes Sustain Surplus While Other Sources Fall Just Short July 18, 2018 The State revenue figures from June show continued strength in business taxes, but suggested that other revenue sources may be faltering, such as lottery and liquor sales revenues, or just meeting their targets. The data release for June showed the cash revenues for the last month of the State fiscal ...
  • Job Growth Slowed in New Hampshire During 2017 June 11, 2018 The rate jobs were added to the economy in New Hampshire during 2017 was considerably lower than during 2016, suggesting fewer additional jobs are being filled in the state. This slowing in job growth from the higher levels seen during 2015 and 2016 may reflect that, in a growing economy ...
  • May Revenues Show Rebounding Real Estate Transfer Tax June 8, 2018 State revenues were closer to expectations in May after three months of abnormal receipts, with most major sources bringing in about as much revenue as planned for May and the largest deviation coming from a rebounding Real Estate Transfer Tax. Although May is not an important month for the state’s ...
  • Legislature Spends Most of Surplus, Raising Questions for Next Year May 24, 2018 On May 23, the Legislature passed several bills with fiscal impacts, including the omnibus spending bill that behaved like a miniature budget this legislative session. The total expenditures passed amount to approximately $129.1 million in new General and Education Trust Funds spending, with additional expenditures outside of these two funds ...
  • Legislature Considers Mini-Budget, Many Other Spending Bills as Session Ends May 14, 2018 Following a flurry of amendments to existing bills, the Legislature now faces major spending decisions in a non-budget year that would make use of the current unrestricted revenue surplus. Bills to authorize new State expenditures totaling approximately $130.4 million, which is in addition to the current State operating budget, propose ...
  • Senate Approves Medicaid Expansion Bill as Amended by the House May 10, 2018 On May 10, the New Hampshire State Senate concurred with the House of Representatives and voted to reauthorize Medicaid expansion for five years. Although certain circumstances might trigger the end of the program, this step toward reauthorization provides more assurance that the approximately 52,000 Granite Staters served through Medicaid expansion ...
  • Abnormal Rise in Business Tax Revenue Likely Due to Federal Tax Changes May 9, 2018 The State’s two primary business taxes have brought in significantly more revenue than expected thus far in 2018, raising questions about the sources and durability of this boost in receipts. Businesses are changing their behaviors in response to corporate tax reform at the federal level in ways that generate more ...
  • House Finance Committee Modifies Medicaid Expansion Work Requirements, Tweaks Funding Structure April 27, 2018 On April 25, the House Finance Committee voted to make several changes to the Medicaid expansion reauthorization bill, which would authorize a new version of the program, currently providing health coverage to approximately 52,000 low-income Granite Staters, for five years. These changes include reversing several of the changes to the ...
  • Expanded Medicaid Proposal Moves Forward with Changes to Work Requirements April 11, 2018 On April 5, the New Hampshire House of Representatives passed an amended version of expanded Medicaid reauthorization that modifies the work requirements outlined in the State Senate’s proposal and makes a variety of other, smaller changes. The House accepted the amendment from the House Health, Human Services, and Elderly Affairs ...
  • March Revenues Continue to Grow Surplus April 9, 2018 March revenues were above the State’s planned amount of receipts for the month, with the two primary business taxes continuing to overperform while certain other key sources lagged. March is an important month for state revenue, as the State revenue plan anticipated 26.3 percent of General and Education Trust Fund ...
  • Unplanned Business Tax Revenues Bolster Surplus, Prompt Questions March 7, 2018 The size of the State’s surplus continues to climb as a result of February’s revenues, with receipts from the two primary business taxes providing almost all of the boost while most other sources underperformed. The State collected $105.9 million in February, $15.5 million (17.1 percent) more than the $90.4 million ...
  • New Hampshire’s Complex Transportation Funding Challenges January 30, 2018 Investments in the operation, maintenance, and construction of transportation infrastructure in New Hampshire often draw from many different sources and funds. Decisions about financing mixes, timelines, projected interest costs, and the effects of deteriorating or enhanced transportation infrastructure at any level of government can all influence projects.
  • Early Interest and Dividends Tax Payments Boost Surplus January 5, 2018 December revenues closed out the first half of State fiscal year 2018 with a sizable increase in the surplus, but the boost’s source suggests the result might be lower receipts in the next half of the year. Revenue sources for the General and Education Trust Funds collected $7.7 million (3.3 ...
  • Congress May Reduce Funding to Key Programs Following Tax Changes December 21, 2017 The Tax Cuts and Jobs Act passed by the United States Congress on December 20 will likely lead to an increase in the federal debt, and Congress may next seek to make changes in expenditures to reduce the impact on deficits. The official estimate from the Joint Committee on Taxation ...
  • November Revenues Double Surplus, Keeping Receipts Just Above Plan December 13, 2017 Lawmakers seeking to pass bills that require spending will be watching the surplus carefully next session. Any bills that call for spending money during the 2018 Legislative Session require either more revenue to come in than expected under the current State Budget or a new revenue source to be established. ...
  • Elections Highlight Continuing Questions About Keno Revenue November 8, 2017 While results are still preliminary, Keno gaming appears to have been legalized in seven cities around New Hampshire as a result of Tuesday’s votes. The margin of victory in Rochester for Keno legalization was reportedly only one vote and may still be subject to change or recount, but voters appear ...
  • October Revenues Above Plan Despite Sluggish Real Estate Transfer Tax November 2, 2017 October revenues for the General and Education Trust Funds met the State’s anticipated revenue plan based on State Budget expenditures, but the relative strengths and weaknesses of certain revenue sources and comparatively small revenue surpluses may limit the Legislature’s flexibility in future deliberations. As with earlier revenues thus far this ...
  • Interpreting the Significance of the October County Census Data Release October 26, 2017 NHFPI recently published a Fact Sheet showing the U.S. Census Bureau’s American Community Survey estimates for counties and municipalities in New Hampshire. These one-year data provide snapshot estimates of economic indicators in the state’s counties for data collected in 2016. As they are only one-year data and rely on small ...
  • Lackluster September State Revenues Reduce Surplus October 4, 2017 September was the first big month for revenue collection of State fiscal year (SFY) 2018, and while the total cash collected should not yet ring alarm bells, overall receipts were nothing to boast about. This trend continues observations from SFY 2017, which ended June 30, 2017, and the first two ...
  • Medicaid Block Grant Proposals Would Significantly Reduce Funding for New Hampshire September 25, 2017 This year, policy proposals at the federal level, particularly those related to Medicaid, have often employed the concepts of “block grants” or “per capita caps.” All recent high-profile proposals to alter Medicaid using these concepts would effectively reduce federal funding to the state relative to current law.
  • Food Insecurity in New Hampshire Remains Higher Than Pre-Recession Levels September 21, 2017 A report released earlier this month by the U.S. Department of Agriculture’s Economic Research Service shows food insecurity nationally remained at roughly the same level in 2016, 12.3 percent of all households, as in 2015. Food insecurity is higher both nationally and in New Hampshire in the last three years ...
  • Understanding Differing Median Household Income Estimates September 20, 2017 Recent Census Bureau releases showing data for 2016 yielded some good news for New Hampshire, with a lower overall poverty rate and lower poverty rates for children and seniors, although about 23 percent of households earned less than $35,000 per year and more than 94,000 Granite Staters remained in poverty. ...
  • Census Data Show Challenges with Income, Poverty, and Housing Costs September 14, 2017 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 ...
  • State Revenues on Target, But Concerns Linger September 6, 2017 With revenues collected for the first two months of State fiscal year 2018, certain revenue sources appear to be matching the State’s revenue plan while others, including key revenue generators, appear to be flagging. On a cash basis, revenue for the General and Education Trust Funds was $1.4 million below ...
  • Medicaid Expansion Work Requirements Hinge on Federal Approval September 5, 2017 The State Budget, signed into law on June 28, 2017, includes a provision that requires certain Medicaid enrollees to engage in work-related activities to be eligible for Medicaid. New Hampshire’s Medicaid program includes both traditional Medicaid and expanded Medicaid under the federal Affordable Care Act. The Medicaid expansion in New ...
  • A Snapshot of the State’s Labor Market August 31, 2017 In the long economic recovery following the Great Recession, New Hampshire’s workers have faced slower job growth than the nation as a whole, and wages for many low-income workers have not kept pace with inflation, leaving many people with less purchasing power. New Hampshire’s job growth has been more robust ...
  • State Funding for Higher Education Still Below Pre-Recession Levels August 30, 2017 Student loan debt is the second largest source of U.S household debt, surpassing auto loans and credit card debt and only eclipsed by mortgages. Nationally, student loans totaled $1.34 trillion, according to the Federal Reserve Bank of New York. State policies can have a role in reducing tuition costs students ...
  • Medicaid to Schools: A Small Aspect of Medicaid but an Immense Resource for NH Schools August 14, 2017 Medicaid is an important program for many of New Hampshire’s children, and the schools those children attend serve as key providers of medical services for their students. The Medicaid to Schools program, which allows schools to enroll as healthcare providers and receive federal reimbursements for providing Medicaid services, helps thousands ...
  • Revenues Down Slightly in Most Recent Fiscal Year August 4, 2017 Following a substantial growth in revenue in State fiscal year (SFY) 2016, the preliminary accrual figures for SFY 2017 have been tabulated and show essentially no change in tax and transfer revenues from SFY 2016 preliminary numbers, and a drop in overall revenues, for the General and Education Trust Funds. ...
  • Demographic Changes Likely to Increase Demand for Medicaid August 3, 2017 Medicaid, a program funded jointly by the federal and state governments, helps eliminate or defray the costs of health coverage for certain populations with incomes below certain levels. The cost of providing health care coverage to Medicaid recipients varies dramatically across different groups of recipients. Children, for example, tend to ...
  • Medicaid Assists More Than 185,000 New Hampshire Residents July 25, 2017 Medicaid helps approximately one out of every seven Granite Staters access health care. The Medicaid program is a joint federal-state partnership to eliminate or defray the costs of health coverage for certain populations with incomes below certain levels, including children, parents, pregnant women, people with disabilities, seniors and nursing home ...
  • State’s Diverse Tax Base Stabilizes Revenue, But Business Tax Changes May Increase Volatility June 29, 2017 New Hampshire’s state tax revenue is relatively stable, but the State’s largest tax may be among the most volatile types of common taxes, a new analysis from The Pew Charitable Trusts suggests. Between 1997 and 2016, New Hampshire’s tax volatility, as measured through percentage changes from the prior fiscal year, ...
  • Legislature Passes Budget, Now Heading to the Governor June 22, 2017 On June 22, both the New Hampshire House and the Senate passed HB 144, the primary budget bill, and HB 517, the budget trailer bill, as proposed by the Committee of Conference. These two bills allocate and direct funding for the next two State fiscal years (SFY), which begin on ...
  • SNAP Provides Food Assistance to Granite Staters with Disabilities June 21, 2017 New Hampshire’s Food Stamp Program provides financial assistance to low-income people specifically for food purchases. The program is also known by the title of the federal program which provides the funding for all benefits, the Supplemental Nutrition Assistance Program (SNAP). A new report from the Center on Budget and Policy ...
  • Committee of Conference Budget Similar to Senate’s Proposal June 19, 2017 The Committee of Conference for the State Budget bills, House Bills 144 and 517, made relatively limited changes to the Senate’s version of the State budget, which it used as a basis for amendments. The House acceded to many of the Senate’s positions, in part because some issues had been ...
  • Senate Passes Finance Committee Budget Largely Unchanged June 1, 2017 The Senate, after considering many amendments, made three changes to the Senate Finance Committee’s version of the State Budget bills. The Senate’s proposed total budget grows from the current operating budget’s appropriations by about $508 million, or 4.5 percent, when comparing the appropriations in each budget for the two years ...
  • Proposed Business Enterprise Tax Changes Would Eliminate General Fund Contribution May 30, 2017 The Senate Finance Committee’s version of the budget proposes lowering the Business Enterprise Tax (BET) to 0.60 percent in 2019 and 0.50 percent in 2021. The proposal comes as additional business tax cuts, which became law in 2015, are still being phased in; if revenue meets a certain threshold set ...
  • Senate Finance Committee Approves Amended Budget May 26, 2017 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 ...
  • Senate Ways and Means Committee Increases Revenue Estimates May 22, 2017 In an unusual move, the Senate Ways and Means Committee opted to revisit the revenue estimates for the General and Education Trust Funds they had decided and voted upon individually on May 17. The Committee concurred with the House Ways and Means Committee revenue projections for the Fish and Game ...
  • Senate Revenue Estimates 14 Million Below House Numbers May 17, 2017 The Senate Ways and Means Committee met on May 17 to determine revenue estimates for the State’s General and Education Trust Funds, and decided that revenues would likely come in at $4,898.1 million for the State fiscal years (SFY) 2018-2019 biennium. This estimate is $14.2 million below the figure the ...
  • Revenues As Strong As Last Year, But Little Growth Overall May 2, 2017 New Hampshire’s April revenue numbers came in strong. Many annual taxes from the 2016 calendar year must be filed in April, so it is an important month for evaluating tax collections. March also has filing deadlines, and both are typically strong months for revenue, which informs the budget planning process ...
  • House Fails to Pass State Budget, Process Moves to Senate April 6, 2017 The New Hampshire House, for the first time in recent history, has opted to not pass the State Budget bills, introduced as House Bill 1 and House Bill 2. April 6 was the deadline set by legislative leadership to pass those bills out of the House and move them to ...
  • House Finance Committee Finalizes Full Budget March 28, 2017 The House Finance Committee completed its version of the budget on March 28, which is two days ahead of the deadline set by legislative leadership. With the House Ways and Means Committee projecting $86.7 million less in revenues than Governor Sununu’s projections for State fiscal years (SFY) 2017, 2018, and ...
  • Federal Funding’s Future in Flux March 27, 2017 About 30.3 percent of New Hampshire’s state budget is funded using transfers from the federal government for State fiscal year 2017. This percentage is slightly below the typical proportion for states. These funds come through a variety of federal programs designed to either promote certain initiatives or priorities at the ...
  • The Budget Trailer Bill Hits The Road February 22, 2017 On February 21, the Office of Legislative Budget Assistant published the public version of House Bill 2, also called the “Trailer Bill.” In this proposed legislation, Governor Sununu outlined the policy changes that enable some of the proposed modifications to State government indicated in the primary budget document, House Bill ...
  • At First Glance, A Growing Budget February 10, 2017 There are many things not yet known about Governor Sununu’s proposed budget. Although the Governor released his specific spending plan ahead of the February 15 deadline set in State law, he is not required to release the companion bill, commonly called House Bill 2 or the “Trailer Bill,” by the ...
  • A Good Year for State Revenues February 1, 2017 The State of New Hampshire has issued its final report on revenues for state fiscal year (SFY) 2016, which confirms that revenues came in higher than legislators anticipated when they originally built the current state budget in 2015. The Comprehensive Annual Financial Report was released on January 31 and contains ...
  • Sun Shining on the Rainy Day Fund December 28, 2016 The National Association of State Budget Officers published a survey of state fiscal situations this month, devoting particular attention to the money states keep in budget stabilization reserves, or “rainy day funds.” These funds allow states to stabilize their budgets in response to unexpected expenditures, or drops in revenue, and ...
  • Investing in New Hampshire’s Future Conference to Focus on Areas Vital to Sustaining a Strong Workforce December 21, 2016 There is broadly shared recognition that New Hampshire must take steps to support and expand its workforce to sustain the state’s economic success. The New Hampshire Fiscal Policy Institute’s 4th annual budget and policy conference, “Investing in New Hampshire’s Future: Strategies to Maintain a Strong Workforce and a Vibrant Economy,” ...
  • New Process Will Guide Formation of Next State Budget November 18, 2016 Crafting a state budget is a long process that, in New Hampshire, begins well before the legislators who vote to make the budget law are elected. State statute requires the new governor, elected in November, to submit a complete budget proposal for the next biennium by February 15 of each ...
  • SNAP Works for New Hampshire’s Children October 13, 2016 The Food Stamp Program helps New Hampshire families put food on the table. But we know now that it accomplishes much more than that. Research increasingly shows that the Food Stamp Program can ward against the long-term effects on children of experiencing poverty, abuse or neglect, parental substance misuse or ...
  • New Hampshire Poverty Rate Declines, Yet Economic Stability Remains Out of Reach for Many September 20, 2016 New US Census Bureau data released September 15 finds that New Hampshire’s poverty rate declined to 8.2 percent in 2015, a drop of one percent since 2014. While New Hampshire once again ranked first for the lowest state poverty rate in the nation, these findings demonstrate that there are still ...
  • Strong Economy Drives Robust Revenues, Though Benefits Not Felt By All July 8, 2016 While the final state of New Hampshire’s finances for FY 2016 will not be known for a few more months, the latest information on revenue collections provides an optimistic sign. After a solid FY 2015, collections grew by 5.7 percent in FY 2016 (excluding tax amnesty receipts). Unrestricted revenue for ...
  • Annual Kids Count Report Finds More NH Children Facing Economic Hardship June 22, 2016 The annual Kids Count ranking for 2016 once again places New Hampshire among the top states for child well-being, but increases in the numbers of children and families facing financial hardship should serve as a warning sign and inspire a closer look at policies that can enhance economic stability for ...
  • Homeowner Property Tax Rebate: Time to Apply, Time to Improve May 2, 2016 Late last week, the Department of Revenue Administration (DRA) announced that the application period for New Hampshire’s Low- and Moderate-Income Homeowners Property Tax Relief Program opened May 1. Anyone who is interested in applying – or who would like to help a friend, family member, or client apply – ...
  • Proposed Constitutional Amendment Could Distort and Disrupt State Budget Process March 17, 2016 Next week, the Senate will consider a measure to amend New Hampshire’s Constitution to create a new balanced budget requirement. If passed by the legislature and approved by New Hampshire’s voters, CACR 27 would prohibit expenditures in any year from exceeding available revenue and barring policymakers from borrowing to ...
  • Reauthorization of Health Protection Program Would Bring Nearly $870 Million into State Economy January 29, 2016 Under current law, the New Hampshire Health Protection Program, which provides 47,000 people across the state with access to affordable health insurance, will be terminated at the end of 2016 in the absence of legislative action. Should the program be allowed to expire, not only would thousands of hard-working Granite ...
  • Benefits of a Growing Economy Not Being Felt By All Granite Staters December 1, 2015 A recent analysis of wage trends across the fifty states over the last decade found that wage growth in New Hampshire was among the least equal in the nation between 2005 and 2014. As troubling as that finding may be, an examination of Census Bureau data since 1979 suggests that ...
  • Budgeting for a Better Tomorrow Today October 16, 2015 Given the amount of time required to reach a final agreement on New Hampshire’s budget this year, you could be excused for wanting to put off thoughts about appropriations, revenue projections, or surplus statements for a little while longer. In reality, though, it’s never too soon to consider ways to ...
  • More Access to Healthcare, But Little Progress on Fighting Poverty September 18, 2015 The latest pieces of the puzzle regarding New Hampshire’s economic health reveals a mixed bag. According to data released yesterday by the US Census Bureau, more residents have health insurance, yet household incomes are barely rising and poverty reduction remains elusive.
  • Governor, Legislative Leaders Reach Budget Agreement September 15, 2015 Earlier today, Governor Maggie Hassan and legislative leaders announced that they have reached an agreement on the FY 2016-2017 budget. The agreement, if approved by the legislature when it meets tomorrow, would put into law the version of the budget originally adopted by the Legislature on June 24 and subsequently ...
  • Tax Policy: Criteria for an Effective Trigger Mechanism September 14, 2015 In recent days, some have suggested that one potential path to compromise on proposed reductions in the rates of the business profits tax and business enterprise tax would be to make such changes subject to a “trigger” mechanism of some kind – that is, to make the changes contingent ...
  • Governor Offers Compromise Budget Plan July 23, 2015 On Thursday, July 23, Governor Maggie Hassan put forward a new proposal in an attempt to reach a compromise over New Hampshire’s FY 2016-2017 budget. The proposal appears to use the spending levels included in the version of the budget she had vetoed on June 25 as a starting ...
  • Revenue Loss from Business Tax Cuts Will Benefit Select Set of Companies June 22, 2015 The version of the FY 2016-2017 budget that both the House of Representatives and the Senate will consider on Wednesday includes significant reductions in the rates of New Hampshire’s twin business taxes: the business profits tax (BPT) and the business enterprise tax (BET). While policymakers should be concerned about the ...
  • Conference Committee Budget Agreement May Lead to Potential Veto June 18, 2015 On Wednesday, June 17, the Committee of Conference on the FY 2016-2017 budget wrapped up its fourth day of deliberations, largely completing its work on the state’s spending plan for the next two years. Given both the short- and long-term consequences of the conference committee’s recommendations, Governor Hassan issued a ...
  • Opening Day of Conference Committee, Use of Surplus Called into Question June 12, 2015 On Friday afternoon, members of the conference committee on the FY 2016-2017 budget met for the first time. The meeting was a relatively eventful one, with conferees agreeing to a set of baseline revenue estimates to use in their deliberations and the Chair of the House Finance Committee signaling that ...
  • House Ways and Means Committee Revisits State Revenues June 11, 2015 As the upcoming Committee of Conference, one of the last stages of the budget process, creeps closer, the House Ways and Means Committee convened Tuesday to amend their baseline revenue estimates, which were initially adopted by the full House of Representatives in the form of HR 12 in February. The ...
  • New Tax Cut Estimates Push Senate Budget Out of Balance June 4, 2015 A new analysis from the Department of Revenue Administration finds that the business tax cuts included in the version of the FY 2016-2017 budget that the Senate will consider today would result in a more sizable and more rapid loss of revenue than previously anticipated. The analysis also suggests that ...
  • Senate’s Business Tax Changes Will Drain More than $90 Million from Future Budgets May 28, 2015 On Thursday, May 28, the Senate Finance Committee approved its version of New Hampshire’s FY 2016-2017 budget, setting the stage for consideration by the full Senate by June 4. While the Committee made some progress in restoring funding for tourism promotion and for programs for the elderly, it stopped short ...
  • Senate Revenue Estimates Insufficient to Restore Services and Cut Business Taxes May 19, 2015 Earlier today, the Senate Ways and Means Committee finalized its revenue estimates for the FY 2016-2017 biennium, projecting that, absent changes in law, the General and Education Funds will collect $4.62 billion over the next two years. While that forecast is $118 million higher than the one on which the ...
  • Higher Education Support in New Hampshire Still Lags Since Recession May 13, 2015 While New Hampshire may have made some progress in the last budget cycle in restoring support for public colleges and universities, a national report released this week highlights just how much farther the state has to go to recover ground lost since the recession. In particular, it finds that state ...
  • Recovery in Tax Collections Eludes New Hampshire April 10, 2015 The most recent figures on state tax revenue reveal that New Hampshire’s ability to finance public services remains behind where it was seven years ago. In its interactive, online tool, Fiscal 50: State Trends and Analysis, the Pew Charitable Trusts presents updated data on tax receipts for all 50 states, ...
  • House Budget Amendments Shift Funds from Critical Priorities April 1, 2015 The New Hampshire House of Representatives today approved its version of the state’s budget for the upcoming FY 2016-2017 biennium, but not before adopting a few last minute changes to the tax and spending plan recommended by the Finance Committee. In particular, the House passed amendments that would undo a ...
  • Local Impact of Proposed Education Aid Changes March 31, 2015 When the House of Representatives meets on Wednesday, the chief topic of debate will be the state budget and, in particular, the House Finance Committee’s proposed amendments to HB 1 and HB 2, the two bills that comprise New Hampshire’s revenue and spending plan for FY 2016-2017. Those amendments will ...
  • House Finance Committee Poised to Reduce Governor’s General & Education Fund Budget by Over $200 Million March 19, 2015 On Thursday afternoon, the three divisions of the House Finance Committee largely completed their respective considerations of Governor Hassan’s proposed FY 2016-2017 budget. When the full Finance Committee reconvenes early next week to consolidate and to act upon the divisions’ recommendations, the end result will likely be a reduction in ...
  • State Revenue Sources: How Does New Hampshire Compare? March 19, 2015 A new analysis released by the Pew Charitable Trusts affirms a well-established fiscal reality here in the Granite State: New Hampshire relies considerably less on taxes to finance public services than most states. In fact, according to Pew, taxes now make up a smaller share of state revenues in New ...

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