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 ...

Federal American Rescue Plan Act Directs Aid to Lower-Income Children, Unemployed Workers, and Public Services

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 ...

New Federal Law Sends More Aid to Unemployed, Low-Income Granite Staters

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 ...

Updated Revenue Projections Suggest Much Smaller Budget Shortfall

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 ...