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

February 9, 2017 State Budget

Building the New Hampshire State Budget is a long process, beginning when the State government is not even halfway through the duration of the previous State Budget and usually ending in that previous budget’s final days, approximately a year later. The process 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. The State Budget reflects the discussions and debates in our communities and provides the most comprehensive set of public investment choices New Hampshire makes.

This document provides a guide to the process of building the State Budget, its organizational structure, and the terminology used. It also summaries the aggregate results of the State Budget process by examining recent trends in funding allocated to broad policy areas, certain large agencies, and local governments.

 

Download the full report:

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

 

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Common Cents Blog

Year-End and July Revenues Show Surplus, Raise Questions About Business Taxes

14 Aug 2018

tree with coins

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 million (7.0 percent). July revenues were pushed above the State Budget’s planned amount by $8.7 million (8.0 percent), including a larger surplus amount attributable to solely business tax receipts. However, several other major revenue sources were down between last year and the year before, and July’s revenues continued to show weakness in a few key areas and raise ongoing questions regarding elevated business tax receipts.