On June 24, 2021, both the New Hampshire House of Representatives and the State Senate passed the State Budget proposal from the budget’s Committee of Conference. Both bills, House Bill 1 and House Bill 2, are likely to be signed into law by the Governor. The State Budget will substantially reduce revenues through both immediate ...
The Committee of Conference for the State Budget accepted most of the Senate’s version of the State Budget during a week of meetings, including almost all changes relative to the House’s version that have a direct impact on State finances. Legislators agreed to retain key parts of the Senate proposal, including significant tax reductions with ...
The Senate Finance Committee finalized its proposal for New Hampshire’s next two-year State Budget on May 28, deploying significant new resources with the benefit of substantially higher revenue estimates. The Senate Finance Committee made key changes from the State Budget proposal passed by the House of Representatives, including providing additional targeted aid to public schools, ...
Federal legislation in response to the employment impacts of the COVID-19 pandemic included broad expansions to unemployment insurance eligibility and benefits. This current expansion of unemployment compensation continues to support workers who are unable to find a suitable or safe job as the pandemic continues to threaten the health and well-being of many people. This ...
New Hampshire’s state and local governments have considerable flexibility to respond to the health and economic crises caused by the COVID-19 pandemic with coming federal assistance. On May 10, 2021, the U.S. Treasury Department released guidance describing the uses and limitations for the flexible funding appropriated to states, counties, cities, and towns by the latest ...
A new analysis of the proposed elimination of New Hampshire’s Interest and Dividends Tax shows nearly nine out of every ten dollars of the tax reduction would flow to the top 20 percent of income earners in New Hampshire, and almost half of the benefits would flow to the top one percent of income earners. ...