Home » State Budget » Currently Reading:

Preliminary Analysis of the State Budget Agreement

September 26, 2019 State Budget

New Hampshire’s new State Budget boosts funding for local public education, with a substantial increase during the budget biennium and a smaller increase continued over time, and includes upward adjustments to Medicaid reimbursement rates, one-time aid to cities and towns, and support for affordable housing. The budget funds these initiatives in part by deploying current surplus revenues, including revenues from reduced spending and increased lapse during the continuing resolution. Funding stems in part from freezing business tax rates at 2019 levels. However, future business tax rates would be contingent on a revenue-based trigger and could move up or down for Tax Year 2021 depending on the strength of receipts during the first year of the budget biennium.

Read NHFPI’s preliminary analysis of the State Budget agreement, published prior to the Legislature’s vote.

Connect with NHFPI

Common Cents Blog

Unemployment Benefits and Temporary Income Supplements Provide Financial Support During the COVID-19 Crisis

2 Apr 2020

tree with coins

As a result of the necessary public health steps to combat to the spread of the 2019 novel coronavirus, financial strains on individuals and families are emerging rapidly. Recommendations, guidelines, and emergency orders from federal and state officials have led to profound changes to the ways Granite Staters live and work. In order to assist those affected, the State of New Hampshire and the federal government have expanded unemployment benefits and created temporary income supplements for many individuals and families.

NHFPI Seventh Annual Conference

NHFPI Annual Conference