In the year since the onset of the COVID-19 pandemic in New Hampshire, hardships facing Granite Staters have been caused by both public health risks as well as the economic crisis spurred by sudden shifts in the labor market and available jobs. While many of the most severe effects of the COVID-19 crisis have subsided, ...
In March 2021, the U.S. Congress passed and the President signed into law the American Rescue Plan Act (ARPA), which provides substantial relief and support for both households and public services as well as targeted economic stimulus. The substantial new federal law is projected to allocate more than $1.8 trillion to bolster the recovery from ...
A long-awaited federal bill to provide relief to people struggling during the COVID-19 crisis was signed into law Sunday, December 27, providing support through enhanced unemployment benefits, food assistance, individual grants, and housing rental subsidies. The New Hampshire State government now has a longer timeline to use funding supplied in the previous aid package, and ...
At a November 23 briefing, key New Hampshire State agencies provided updated revenue estimates to policymakers that revealed a much more optimistic revenue outlook than previous projections. With tax receipts performing well in the State fiscal year thus far, and agencies substantially underspending their budgets last year, the total budget shortfall may be much more ...
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 ...
A combination of revenues recovering faster than anticipated, including some potentially atypical receipts, and underspending at public agencies has improved the State of New Hampshire’s fiscal situation relative to projections from earlier in the year. While the situation is more favorable than previously expected, significant unknowns remain, including the course of the pandemic and the ...