In response to the COVID-19 pandemic, the federal government and state governments enhanced access to health coverage by permitting people to stay on Medicaid continuously after their initial qualification and enrollment. The continuous enrollment provision allowed millions of U.S. residents who lost employment to retain health coverage as they rebuilt their household incomes without verifying ...
State revenues collected during March fell short of the amount planned to fund the State Budget, reducing the current revenue surplus in two key funds and making the upcoming April tax returns more critical for understanding the trajectory of State tax collections. During the last four State Budget cycles, the State collected significant revenue surpluses ...
The New Hampshire House of Representatives is considering several pieces of legislation that would substantially reduce revenue available for public services. This array of legislation includes a bill that would reduce the Meals and Rentals Tax rate for restaurant meals, and another that would exempt businesses from taxation under the Business Profits Tax, reducing State ...
The average price of child care in the Granite State for an infant in center-based care was over $15,000 in 2022. To help make child care more affordable, the State Fiscal Years (SFYs) 2024-2025 biennium budget, enacted July 1, 2023, expanded family income eligibility for New Hampshire Child Care Scholarship recipients, reduced family cost share ...
Combined state and local taxes in New Hampshire require residents with lower incomes to pay a larger percentage of their income than those with higher incomes. Most New Hampshire individuals and families earning less than $153,900 per year pay a combined state and local tax rate that, on average, is 6 percent of their incomes ...
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