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State Revenues Receive Two Thumbs Up for FY 2016 Performance

July 8, 2016 Data Viz

Recent data from the Department of Administrative Services reveals that the General and Education Funds, two of the state’s main sources of revenue, experienced a banner year. Combined collections for these two funds in FY 2016, excluding one-time tax amnesty proceeds, were approximately 6 percent higher than what was yielded during the previous fiscal year, the strongest pace in about a decade. Furthermore, the state collected close to $100 million more than budget writers had projected, allowing the state to strengthen its Rainy Day Fund.

While there are nearly twenty revenue streams that comprise the General and Education Funds, only a small subset are the real engines of growth. Specifically, combined business taxes ($74 million), the meals and rooms tax ($19 million), and the real estate transfer tax ($20 million) accounted for practically all of the growth in FY 2016 ($128 million) compared to FY 2015.

The following data visualization is designed to help you understand the latest collections 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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Elections Highlight Continuing Questions About Keno Revenue

8 Nov 2017

tree with coins

While results are still preliminary, Keno gaming appears to have been legalized in seven cities around New Hampshire as a result of Tuesday’s votes. The margin of victory in Rochester for Keno legalization was reportedly only one vote and may still be subject to change or recount, but voters appear to have legalized Keno gaming in Berlin, Claremont, Laconia, Manchester, Nashua, Rochester, and Somersworth. Voters in Concord, Dover, and Keene voted against Keno gaming legalization. Franklin had legalized Keno gaming previously, and the Portsmouth City Council decided to not put Keno on the ballot. Other municipalities, including the City of Lebanon, may make decisions regarding Keno legalization next year. These results have implications for State policy and finances.