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Businesses, Homeowners, and Diners Sustain Robust Revenue Flow

November 6, 2015 Data Viz

With four months on the books, the state’s revenue picture is becoming clearer and the situation continues to be encouraging. According to the most recent Department of Administrative Services’ Monthly Revenue Focus, FY 2016 total General and Education Fund revenue is exceeding expectations, as outlined by the Department’s Revenue Plan, by nearly $20 million through October. While the state has over a dozen streams of revenue, three – business taxes, the meals and rooms tax, and the real estate transfer tax – are doing the heavy lifting.

Given that New Hampshire’s General and Education Funds have received only about one-quarter of what they will eventually collect for the current fiscal year, it is still too early to expect these trends will hold through next summer. Nevertheless, collections during the last four months suggest that New Hampshire is on track for a strong year, especially since the economic outlook is likely to remain stable, if not somewhat improve.

The following data visualization is designed to help you understand these data. Within each tab, you can hover over each data point to view additional context. On the right side are seven radio buttons, which allow you to further investigate revenue trends by specific tax type or by total collections.

(To view data in full screen mode or on a mobile device, click here.)

 

 

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House Finance Committee Budget Boosts Education and Health Funding

5 Apr 2019

tree with coins

The House Finance Committee passed its version of the State Budget on Wednesday, April 3, recommending the full House adopt a plan to send significantly more money to local governments for education aid and add funding for State health services. The plan would fund these increases by using the current State surplus revenue in the State operating budget and expanding existing revenue sources while retaining added revenues proposed by the Governor. The Committee removed many of the Governor’s recommendations for one-time uses of surplus dollars and deployed most of those funds for budgeted services throughout the biennium. The House is scheduled to vote on the House Finance Committee’s amendment to the budget on April 11.