Latest Census Bureau Data Show Median Household Income Fell Behind Inflation, Tax Credit Expirations Increased Poverty

This month, the U.S. Census Bureau released two datasets in rapid succession that provide insights into the economic well-being of both Granite Staters and all U.S. residents. These data show that, after accounting for temporary federal government assistance provided through tax credits, poverty rose substantially in 2022 after falling in 2020 and 2021, largely due ...

Housing Shortage Continues to Increase Costs for Granite Staters

New Hampshire’s shortage of available housing units has contributed to rapid rental and house price increases in the State since the beginning of the pandemic. Renters and potential home buyers are very likely to face serious challenges in finding suitable and affordable housing in the Granite State. The 2023 New Hampshire Statewide Housing Needs Assessment ...

Affording Household Expenses Remains Challenging for Many Granite Staters

According to data from the U.S. Census Bureau, about one in three Granite State adults reported that paying for usual household expenses was somewhat or very difficult between June 28 and July 10, 2023. New Hampshire households have been reporting financial struggles since before the pandemic. Recent estimates suggest about a quarter of Granite State ...

Low and Moderate Income Homeowners Property Tax Relief Program Open for Applications Until June 30

The Low and Moderate Income Homeowners Property Tax Relief program provides rebates to eligible taxpayers who submit applications by the end of the month. Property taxes typically account for a greater percentage of income for people with low and moderate incomes in New Hampshire than those with higher incomes. Eligibility and Recent Expansion Established by ...

Senate Modifies State Budget Proposal, House Concurs with Senate Changes and Sends Budget to Governor

The New Hampshire House of Representatives concurred with the Senate’s version of the State Budget on June 8, 2023, finalizing the Legislature’s amendments to the next two-year operating budget. The two-year, $15.17 billion State Budget will go through the enrollment process and be submitted to the Governor for consideration. The House’s concurrence with the Senate’s ...

Senate Finance Committee Budget Shifts Spending, Changes Education Funding Formula Relative to House Budget

The New Hampshire Senate Finance Committee’s version of the State Budget proposes retaining most of the key provisions of the House’s version of the State budget, with some changes made to food assistance for school children, Medicaid Expansion, funding for local public education, and contribution to the New Hampshire Retirement System. The Senate Finance Committee ...