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State Budget FY 2016-2017

New Hampshire policymakers are currently engaged in the process of developing the next state budget, which will determine funding priorities for the next two years. Although the state is challenged by lack of sufficient resources to fund vital priorities such as human services, transportation infrastructure, and education, proposals to reduce business taxes threaten to erode revenue still further.

On April 14, 2015, representatives from New Hampshire’s small business, nonprofit, education and faith communities gathered for a press conference in Concord to voice concern about the state budget and proposed business tax cuts. Earlier in the day, a letter signed by more than 40 organizations, including 18 small businesses, was delivered to Governor Hassan urging her to reject business tax cuts in upcoming or future budgets.  View the letter.

photo of April 14 press conferenceNews Release:

Organizations and Small Businesses Call on Governor to Reject Business Tax Cuts, Voice Concern for State Budget
April 14, 2015

Related Media Coverage:

Diverse coalition urges no cuts in business taxes
Union Leader, April 15, 2015

Are N.H. business tax cuts worth the trouble?
New Hampshire Business Review, April 15, 2015

New Hampshire Businesses Urge Governor, Lawmakers to Reject Business Tax Cuts
State Tax Notes / State Tax Today, April 20, 2015

Business tax cuts contained in the Senate Finance Committee’s version of the budget, approved May 28, would reduce revenue by $14 million in the coming biennium and, once fully implemented, would drain more than $90 million out of every future budget, making it all but impossible to provide needed funding for local aid, services for the developmentally disabled, the state’s public colleges and universities, or a variety of other areas vital to New Hampshire’s high quality of life.

View a summary of the legislature’s proposed business tax changes.

On June 11, prior to the start of the Committee of Conference on the FY 2016-2017 state budget, community leaders and concerned citizens gathered in the lobby of the Legislative Office Building to outline critical issues that the committee should address in order to build a more healthy, secure, and prosperous Granite State. Speakers highlighted five issues, which included funding for Medicaid Expansion, substance misuse, mental health, and the state employee contract, and the impact business tax cuts would have on the next and future state budgets.

Proposed Tax Cuts Would Imperil Public ServicesNews Release:

Community Leaders Call for Further Progress toward a State Budget that Builds a More Healthy, Secure, and Prosperous Granite State
June 11, 2015

Video:

Press conference video, courtesy NAMI-NH

Related Media Coverage:

NH 1 News,
June 11, 2015

 
 

NHFPI Events

Kansas Tax Cuts: Lessons for New Hampshire – Event Video and Resources

 

NHFPI Publications, Presentations, and Columns

Visit the News and Events page to view NHFPI budget-related news releases and media coverage.

 

Publications

New Hampshire’s Revenue Problem Persists; Business Tax Rate Reductions Would Impede Full Recovery
July 27, 2015

The Conference Committee’s FY 2016-2017 Budget
June 23, 2015

The Senate Finance Committee’s Proposed FY 2016-2017 Budget
June 2, 2015

April Revenue Collections Welcome News for FY 2016-2017 Budget Deliberations
May 6, 2015

The House Finance Committee’s Proposed FY 2016-2017 Budget
March 30, 2015

 

Interactive Data

NH State Revenues for FY 2015 Point to Improving Economy
July 7, 2015

A Fresh Way to Interpret State Revenue Data
June 3, 2015

 

Common Cents Blog

Governor Offers Compromise Budget Plan
July 23, 2015

Revenue Loss from Business Tax Cuts Will Benefit Select Set of Companies
June 22, 2015

Conference Committee Budget Agreement May Lead to Potential Veto
June 18, 2015

Opening Day of Conference Committee, Use of Surplus Called into Question
June 12, 2015

House Ways and Means Committee Revisits State Revenues
June 11, 2015

New Tax Cut Estimates Push Budget Out of Balance
June 4, 2015

Senate’s Business Tax Changes Will Drain More than $90 Million from Future Budgets
May 28, 2015

Senate Revenue Estimates Insufficient to Restore Services and Cut Business Taxes
May 19, 2015

House Budget Amendments Shift Funds from Critical Priorities
April 1, 2015

Local Impact of Proposed Education Aid Changes
March 31, 2015

House Finance Committee Poised to Reduce Governor’s General & Education Fund Budget by Over $200 Million
March 19, 2015

State Revenue Sources: How Does New Hampshire Compare?
March 19, 2015

House Budget Writers Cut Services for the Sick, the Elderly, and the Homeless
March 16, 2015

View all Common Cents blog posts.

 

Testimony

NHFPI Testimony Before the Senate Finance Committee Regarding the FY 2016-2017 Budget
May 5, 2015

NHFPI Testimony Before the House Finance Committee Regarding the FY 2016-2017 State Budget
March 5, 2015

NHFPI Testimony Regarding Senate Bills to Reduce NH Business Taxes
January 20, 2015

 

Presentations

Community Conversations on the New Hampshire Budget
Spring 2015 (Updated May 12)

 

Columns

State Lacks the ‘Means’ to Afford Business Tax Cuts
Keene Sentinel, June 6, 2015

NH Can’t Afford Business Tax Cuts
Nashua Telegraph, May 31, 2015

State Lacks the Means to Afford Business Tax Cuts
Concord Monitor, May 29, 2015

Tax cuts threaten N.H.’s future economic success
NH Business Review, March 6, 2015

A Budget Full of Holes
Business NH Magazine, February 2015

Common-sense reforms can address inequities and address shortfalls in the budget
Nashua Telegraph, January 18, 2015

Common Sense Reforms Can Address Inequality, Budget Shortfalls
Concord Monitor, January 15, 2015

 

Interviews

The Exchange: NH Debates Business Tax Structure
NHPR, June 4, 2015

 

 

Editorials

Senate budget is no grand bargain
Nashua Telegraph, June 11, 2015

Education should be a top priority in Concord
Keene Sentinel, May 29, 2015

On Tax Day, a look at New Hampshire’s budget battle
Keene Sentinel, April 15, 2015

Fix the N.H. Budget
Valley News, April 14, 2015

State can’t afford price of budget cuts
Concord Monitor, April 12, 2015

Fiscal vs. social responsibility in NH
Nashua Telegraph, April 8, 2015

ServiceLink cut is a puzzler
Nashua Telegraph, April 7, 2015

The trick facing Senate budget writers
Nashua Telegraph, April 4, 2015

Budget is more than just revenues vs. expenses
Portsmouth Herald, April 3, 2015

House budget writers’ priorities don’t reflect state’s reality
Keene Sentinel, March 31, 2015

The budgetary feel in Concord is one of an extended winter
Keene Sentinel, March 23, 2015

Time to rethink favorite mantra?
Nashua Telegraph, March 22, 2015

Budget shows political will still absent
Concord Monitor, March 20, 2015

Pay a little more now or a whole lot later
Portsmouth Herald, March 20, 2015

Let the wild downshifting begin – again
Concord Monitor, February 22, 2015

Tax cuts offer no growth guarantees
Nashua Telegraph, February 11, 2015

Cut to business taxes will only hurt business in NH
Concord Monitor, January 25, 2015

Connect with NHFPI

Common Cents Blog

House Finance Committee Finalizes Full Budget

28 Mar 2017

tree with coins

The House Finance Committee completed its version of the budget on March 28, which is two days ahead of the deadline set by legislative leadership. With the House Ways and Means Committee projecting $86.7 million less in revenues than Governor Sununu’s projections for State fiscal years (SFY) 2017, 2018, and 2019, the House Finance Committee was restricted to using less surplus income from SFY 2017. The House also expects $58.8 million less revenue to come in during SFYs 2018 and 2019, requiring a smaller budget relative to the $12.185 billion plan put forward by Governor Sununu.