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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

Unsettled Business Tax Revenues Push Surplus Upward, Offer Limited Insight for the Future

7 Dec 2018

tree with coins

The fortunes of State revenues continue to rise and fall with New Hampshire’s two primary business taxes, which provided positive signs for near-term revenue but have not shown these levels are sustainable. While the two business taxes remained healthy, other revenue sources were relatively flat overall, leaving the State with a revenue surplus entirely dependent on the two business taxes. The lack of growth in other revenue sources combined with the uncertainty around business taxes creates an environment in which it will be very difficult to accurately project revenues for the new State Budget biennium.