Revenue in Review: An Overview of New Hampshire’s Tax System and Major Revenue Sources

New Hampshire’s revenue system is relatively unique in the United States, as it lacks broad-based income and sales taxes and instead relies on a diversity of more narrowly-based taxes, fees, and other revenue sources to fund public services. This system presents both advantages and disadvantages to stable, adequate, and sustainable revenue generation.

Building the Budget: New Hampshire’s State Budget Process and Recent Funding Trends

Building the New Hampshire State Budget is a long process, which includes five major phases, challenging jargon, unwritten norms, multiple revenue estimates, and several different versions of expenditure plans and revenue expectations. But understanding the State Budget is more than just learning the process; it is key to understanding our priorities and values as a State.

Making Ends Meet

New Hampshire’s economy has, for the most part, recovered from the Great Recession, yet far too many working families still struggle to make ends meet.

Data Viz

These posts feature interactive data and insights to improve public understanding of fiscal and economic trends important to New Hampshire.  

Recent Publications:

The State Budget for Fiscal Years 2018 and 2019

July 13, 2017 State Budget
New Hampshire State House

New Hampshire’s State Budget provides the basis through which most State activities are funded for the next two years. While the overall growth in this budget is slightly less than the growth of its predecessor, revenues projected to be available enabled the Governor and the Legislature to fund certain state-level priorities. This State Budget emphasizes care for children and youths, including through child protection, mental health care, substance use disorder treatment, and juvenile justice changes, relative to certain other priorities. Substantial tax cuts for businesses were enacted, with the potential for future revenue declines that are not likely to be fully offset by other revenue increases.

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The State Senate’s Proposed Budget

June 13, 2017 State Budget
Senate Chamber

The State Senate, using the Governor’s operating budget proposal from February as a baseline, crafted a State operating budget that reduces spending though changes to program funding levels and to anticipated federal funds. The Senate reduced appropriated spending from the Governor’s budget by $324.7 million, accomplished in part by planning to authorize up to $237.8 million through other mechanisms outside of the State Budget. About 63 percent of the program areas were funded at levels proposed by Governor Sununu’s budget, and while the Senate budget grows from the current State fiscal year (SFY) 2017 budget by approximately 1.7 percent for SFY 2018, about 41.3 percent of program areas would receive the same funding or less in SFY 2018.

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Revenue in Review: An Overview of New Hampshire’s Tax System and Major Revenue Sources

May 24, 2017 State Tax Policy
NH state quarters

New Hampshire’s revenue system is relatively unique in the United States, as it lacks broad-based income and sales taxes and instead relies on a diversity of more narrowly-based taxes, fees, and other revenue sources to fund public services. This system presents both advantages and disadvantages to stable, adequate, and sustainable revenue generation.

... Continue Reading

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Common Cents Blog

Elections Highlight Continuing Questions About Keno Revenue

8 Nov 2017

tree with coins

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 to have legalized Keno gaming in Berlin, Claremont, Laconia, Manchester, Nashua, Rochester, and Somersworth. Voters in Concord, Dover, and Keene voted against Keno gaming legalization. Franklin had legalized Keno gaming previously, and the Portsmouth City Council decided to not put Keno on the ballot. Other municipalities, including the City of Lebanon, may make decisions regarding Keno legalization next year. These results have implications for State policy and finances.

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