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. ...
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 ...
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 ...