Senate Finance Committee Budget Proposal Increases Local Aid, Long-Term Supports, and Housing Investments

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, ...

Unemployment Insurance and the Continued Economic Recovery from the COVID-19 Crisis

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 ...

Federal Guidance Details Uses of Flexible Aid for State and Local Governments

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 ...

Statewide Education Property Tax Change Provides Less Targeted Relief

The State Budget proposed by the New Hampshire House of Representatives includes a one-year change to the Statewide Education Property Tax. The change would provide more funding raised by the State through non-property tax sources to local public education, but would do so in a less targeted manner than the one-time assistance provided in the ...

State Tax Reductions Risk Loss of Federal Aid to New Hampshire

Reductions in State taxes included in the State Budget proposal passed by the House of Representatives would increase the risk New Hampshire loses significant amounts of aid from the federal government. A provision in the federal American Rescue Plan Act requires that federal aid to states not be used to directly or indirectly offset reductions ...