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The State Budget for Fiscal Years 2020 and 2021

December 20, 2019 State Budget
New Hampshire State House

The New Hampshire State Budget funds important services for Granite State families and children, supporting the infrastructure, education and health services, and public amenities that residents use daily. After an extended process, New Hampshire policymakers finalized a State Budget that increases investments in key areas, including public education and health services. The State Budget for Fiscal Years 2020 and 2021, which provides funding through June 30, 2021, includes significant changes to both appropriations and policies.

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Preliminary Analysis of the State Budget Agreement

September 26, 2019 State Budget
New Hampshire State House

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.

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The Senate State Budget for State Fiscal Years 2020 and 2021

June 14, 2019 State Budget

The Senate voted to pass its version of the State Budget on June 6, modifying the version provided by the House and proposing major new initiatives in health and social services. Incorporating several bills passed independently by the Senate, the Senate Budget would expand home- and community-based services for children, establish a new job training program, and invest in a secure psychiatric unit facility and other mental health facility infrastructure. The Senate also voted to increase Medicaid reimbursement rates for all providers with a $60 million appropriation, which would help ensure the provision of health services to residents with limited resources and assist in bolstering the health care workforce.

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Flexible CARES Act Funds Mostly Allocated, Partially Unspent as Deadline Looms

4 Nov 2020

tree with coins

Nearly all the federal funding granted to the State of New Hampshire in the Spring to combat the COVID-19 crisis has been allocated to pandemic-related programs as of the beginning of November. However, significant amounts of funding have not yet been expended. The State must spend these funds by December 30 or return them to the federal government. While some of these funds may be in the process of being spent now or will be used in the next two months based on existing plans, the significant amount of funds left unspent suggests a substantial risk that money will be returned to the federal government and not be deployed to directly support Granite Staters.