State Revenue Deficit Widens After December Tax Receipts Fall Short

New Hampshire State revenues in December fell short of their target for two key funds by a combined $20.4 million (6.6 percent), nearly doubling the State’s revenue deficit halfway through the fiscal year. December is the second major month of collections for New Hampshire’s two primary business taxes in the fiscal year, which started July ...

An Estimated 4,000 Granite Staters May Be Out of the Workforce Due to Long-COVID

During the COVID-19 pandemic, many workers left the state’s labor force as business closures made many temporarily unemployed, while others may have retired earlier than anticipated or shifted from paid work to caring for family members. In addition, longstanding symptoms resulting from initial COVID-19 infections and Post-Acute COVID-19, more commonly known as “long-COVID,” may have ...

What We Read in 2024

Throughout the year, NHFPI staff collectively read, listened to, or watched over 1,000 research products to help create monthly, curated lists for the NHFPI newsletter’s feature, What We’re Reading. Below is a non-comprehensive list of interesting books, reports, papers, analyses, and podcast episodes from 2024 that highlight the range of topics important to the economic ...

Seven N.H. Takeaways from Recent U.S. Census Data: Income Gains, Poverty Gaps, and Housing Challenges

On December 12, 2024, the U.S. Census Bureau released new data that provide information about the wellbeing of Granite Staters during 2019 to 2023. These insights build on less detailed one-year data released earlier and collected only during 2023, and offer a deeper look into New Hampshire’s economy, poverty levels, and housing challenges. Here are ...

November State Revenue Falls Behind Planned Levels Amid Declining Business Tax Receipts and Lower Interest Payments

State revenues slipped further behind expectations in November as key sources the State had been relying on for revenue growth fell behind the prior fiscal year’s receipts. Lower business tax receipts added to the year-to-date revenue deficit, with revenues thus far this fiscal year $76.4 million (20.9 percent) behind last year’s combined business tax collections. ...