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April Revenue Collections Welcome News for FY 2016-2017 Budget Deliberations

May 6, 2015 State Tax Policy
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In putting together New Hampshire’s budget every two years, policymakers pass a number of important milestones, such as the submission of the Governor’s initial spending plan in February and public hearings in both the House and the Senate in the spring. Among the most critical of these milestones is the announcement of revenue collections for the month of April. The April numbers are important as they provide greater insight into likely revenue totals for the current fiscal year and, by extension, what the state might reasonably expect to take in during the coming biennium.

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Supermajority Requirement to Increase Taxes at Odds With Sound Fiscal Policy

January 29, 2015 State Tax Policy

The New Hampshire House of Representatives will soon consider a measure, CACR 1, to amend the state’s constitution to require that an increase in any existing tax or license fee or the creation of a new tax or license fee be approved by three-fifths of both chambers of the legislature. In each of the past two legislatures, the House rejected attempts to amend New Hampshire’s constitution in this way. Those decisions were well founded, for such constraints not only are at odds with sound fiscal policy, but also erode New Hampshire’s democratic institutions.

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NHFPI Testimony Regarding Senate Bills to Reduce NH Business Taxes

January 20, 2015 State Tax Policy
NH quarters

On Tuesday, January 20, NHFPI Executive Director Jeff McLynch testified before the New Hampshire Senate Ways and Means Committee to express concerns about both SB 1, reducing the business profits tax (BPT) rate, and SB 2, reducing the business enterprise tax (BET) rate. SB 1, taken in combination with its companion measure, SB 2, would ultimately and permanently reduce state revenue by $78 million on a biennial basis. Given the fiscal challenges now before New Hampshire, tax cuts of this magnitude would endanger the public services on which residents and business rely and curtail the sorts of investments critical to a brighter economic future for all.

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Interactive Maps of Municipal Economic Disparities and Fiscal Capacities

30 Aug 2018

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New Hampshire’s economy continues to grow overall, but significant disparities in economic conditions and service needs exist within the boundaries of the Granite State. Differences between the southeastern part of the state and the more rural northern and western regions can be identified broadly and are present across many different indicators. However, experiences in local communities can vary widely even within regions. NHFPI’s new Issue Brief, Measuring New Hampshire’s Municipalities: Economic Disparities and Fiscal Capacities, explores measures indicating the differing experiences of these communities. Interactive maps showing many of these measures are available through NHFPI’s Data Viz posts.