An Overview of New Hampshire’s Tax System

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.

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:

April Revenue Collections Welcome News for FY 2016-2017 Budget Deliberations

May 6, 2015 State Tax Policy
NH state quarters

In putting together New Hampshire’s budget every two years, policymakers pass a number of important milestones, such as the submission of the Governor’s initial spending plan in February and public hearings in both the House and the Senate in the spring. Among the most critical of these milestones is the announcement of revenue collections for the month of April. The April numbers are important as they provide greater insight into likely revenue totals for the current fiscal year and, by extension, what the state might reasonably expect to take in during the coming biennium.

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NHFPI Testimony Before the Senate Finance Committee Regarding the FY 2016-2017 Budget

May 5, 2015 State Budget
New Hampshire State House

On May 5, 2015, New Hampshire Fiscal Policy Institute Executive Director Jeff McLynch provided testimony regarding the FY 2016-2017 state budget at a public hearing held before the Senate Finance Committee. NHFPI testimony focused on two key areas: the restoration of funding for vital services and the impact of proposed business tax cuts, and the reauthorization of the New Hampshire Health Protection Program.

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The House Finance Committee’s Proposed FY 2016-2017 Budget

March 30, 2015 State Budget
New Hampshire State House

Constrained by state revenues that have failed to rebound since the national recession and a refusal to consider options to bolster them in a meaningful and sustainable fashion, the version of the fiscal year 2016-2017 budget approved by the House Finance Committee would provide significantly fewer resources for an array of public services than the budget recommended by Governor Hassan in February. Compared to the Governor’s plan, the budget the full House of Representatives will consider this week would reduce investments in physical infrastructure, higher education, and other areas critical to New Hampshire’s economic future and would imperil services designed to protect the most vulnerable residents of the Granite State.

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Common Cents Blog

House Finance Committee Finalizes Full Budget

28 Mar 2017

tree with coins

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 2019, the House Finance Committee was restricted to using less surplus income from SFY 2017. The House also expects $58.8 million less revenue to come in during SFYs 2018 and 2019, requiring a smaller budget relative to the $12.185 billion plan put forward by Governor Sununu.

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