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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.

 

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

 

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Updated Revenue Projections Suggest Much Smaller Budget Shortfall

30 Nov 2020

tree with coins

At a November 23 briefing, key New Hampshire State agencies provided updated revenue estimates to policymakers that revealed a much more optimistic revenue outlook than previous projections. With tax receipts performing well in the State fiscal year thus far, and agencies substantially underspending their budgets last year, the total budget shortfall may be much more manageable and put fewer programs at risk than previously anticipated. Policymakers may be able to offset much of any deficit with the Rainy Day Fund and support or expand programs and services for Granite Staters, who have seen their health and financial security put at risk during the pandemic.