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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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Common Cents Blog

Declining Business Tax and Other Revenues Suggest Caution for State Budget

15 Aug 2019

tree with coins

As policymakers continue to consider State Budget options and choices during the ongoing continuing resolution, understanding State revenue trends remains critical to determining the State’s ability to pay for needed services and the policy choices that affect available resources. With State Fiscal Year 2019 completed and SFY 2020 underway, recent months of revenue collections have provided some additional insight into whether the State might expect more revenue in future years. Questions remain about the future of business tax receipts in particular, which have been very difficult to predict due to recent abnormal behavior following the federal tax overhaul; however, recent data suggest anticipated declines in receipts may limit revenue going forward.