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State Budget

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It is often said that a budget is a statement of priorities, a reflection of the choices that the people – through their elected representatives – make about the amount of public resources they wish to devote to meeting shared goals and the relative importance they assign to each of those goals.

NHFPI aims to illustrate recent budget trends, highlight future challenges, and examine the ways in which the New Hampshire budget is used to educate the state’s children, ensure access to health care, promote public safety, maintain public structures, and achieve other critical public priorities.

 

 

State Tax

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To some, taxes are a means to an end, representing the bills that are due for services ranging from the judicial system to environmental protections, or, in Oliver Wendell Holmes’ formulation, “the price we pay for a civilized society.”  To others, taxes are a policy end unto themselves, as they offer policymakers another tool to try to employ in efforts to enhance economic security or to promote economic development.

NHFPI seeks to improve public understanding of New Hampshire’s tax system, its role in financing state expenditures, the impact it has on families and individuals at different income levels, and the influence it may or may not have upon personal and business decisions.

 

State Economy

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When it comes to the economy, many have long believed that “a rising tide lifts all boats,” that economic growth benefits all of the workers and investors who contribute to it.  In recent decades, that belief has not held true, as low- and moderate-income families and individuals have not fully shared in the affluence they helped to create.  As a result, they have found it harder not only to make ends meet on a daily basis, but to save for their children’s futures or to prepare for their own retirement.

NHFPI endeavors to shed light on trends in wages, poverty, and other economic measures, on their implications for working New Hampshirites, and on public policies designed to foster economic opportunity and prosperity here in the Granite State.

 

Health Policy

Health policy touches the lives of all Granite Staters.  Medicaid alone provides health insurance coverage to 10 percent of the New Hampshire population and constitutes a quarter of the state’s budget; changes to it have the potential to affect thousands of children, seniors, and people with disabilities across the state.  Health policy has an enormous impact on the state’s economy too, with  health care expenditures expected to represent as much as 24 percent of gross state product within the next 10 years.

NHFPI strives to explain the effects of health policy decisions, both federal and state, upon the New Hampshire budget and New Hampshire residents and to explore changes in policies that could help maintain and improve people’s health, now and into the future.

 

 

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Common Cents Blog

New Data Provide Insight into Extensive Economic Impacts and Income Losses from the COVID-19 Crisis

3 Jun 2020

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The challenges facing Granite Staters due to the COVID-19 crisis are unprecedented, and data continue to suggest the negative effects of this crisis are concentrated on those who are most vulnerable. New survey data indicate nearly half of New Hampshire households have lost employment income since March 13, and one in six have either missed or are likely to miss a monthly housing payment. Caseload data show that 198,905 new initial unemployment claims were generated in New Hampshire during the week ending March 15 through May 23. The preliminary seasonally-adjusted unemployment rate reached 16.3 percent in New Hampshire during April 2020, which is the second-highest among the New England states. Many Granite Staters appear to have lost employer-sponsored health insurance as well. These economic effects have led to increased needs for nutrition assistance and support from other aid programs. While the full effects of the crisis remain uncertain, key indicators provide valuable insights and comparisons between the current COVID-19 crisis, the period immediately before this crisis, and the Great Recession of 2007 to 2009.

NHFPI Seventh Annual Conference

NHFPI Annual Conference