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Strong Showing for State Revenues, $58 Million Above Projections

March 4, 2016 Data Viz

Thanks to a steadily growing economy, the state’s FY 2016 revenue situation remains strong. According to the Department of Administrative Services, total General and Education Fund revenue, through the end of February, is $58 million higher than what was expected at this point in time. Furthermore, this does not take into account the $19 million attributed to the tax amnesty program that ran from December 1, 2015 through February 15, 2016.

While over a dozen revenue streams flow into the General and Education Funds, three – business taxes, the meals and rooms tax, and the real estate transfer tax – have been responsible for the vast majority of the positive news. The strength of these particular taxes suggests that the New Hampshire economy is performing well overall, since these revenue streams tend to reflect trends in corporate profits, discretionary consumer spending, and household finances.

The following data visualization is designed to help you understand the 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.

Below the visualization are some of the numerical highlights from the latest report.

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

 

 

Business profits tax and business enterprise tax

FY 2016 collections (through 2/29/16): $310.7 million

FY 2016 YTD vs FY 2015 YTD Actual: Up $40.7 million (15.1 percent)

FY 2016 YTD vs FY 2016 YTD Plan: Up $35.4 million (12.9 percent)

 

Meals and rooms tax

FY 2016 collections (through 2/29/16): $208.4 million

FY 2016 YTD vs FY 2015 YTD Actual: Up $13.4 million (6.9 percent)

FY 2016 YTD vs FY 2016 YTD Plan: Up $5.9 million (2.9 percent)

 

Real estate transfer tax

FY 2016 collections (through 2/29/16): $97.1 million

FY 2016 YTD vs FY 2015 YTD Actual: Up $14 million (16.8 percent)

FY 2016 YTD vs FY 2016 YTD Plan: Up $12 million (14.1 percent)

 

 

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Food Insecurity in New Hampshire Remains Higher Than Pre-Recession Levels

21 Sep 2017

tree with coins

A report released earlier this month by the U.S. Department of Agriculture’s Economic Research Service shows food insecurity nationally remained at roughly the same level in 2016, 12.3 percent of all households, as in 2015. Food insecurity is higher both nationally and in New Hampshire in the last three years than ten years ago, before the Great Recession. Although progress has been made nationally relative to the next most recent three-year period, New Hampshire has seen no statistically significant change in food insecurity between the last two three-year periods measured, and food insecurity remains higher above pre-Recession levels than the nation as a whole.