FOR IMMEDIATE RELEASE June 1, 2017 Concord, NH – The New Hampshire Senate passed its version of the state budget on May 31, putting forward an $11.86 billion spending plan for the 2018 and 2019 biennium, which begins July 1. The Senate budget increases funding for a number of critical needs, but also includes policy ...
The Senate, after considering many amendments, made three changes to the Senate Finance Committee’s version of the State Budget bills, HB 144 and HB 517. The changes: altered the title of HB 144 to make it reflect the budget contents of the bill, modified a provision designed to boost rates to providers of early intervention ...
The Senate Finance Committee’s version of the budget proposes lowering the Business Enterprise Tax (BET) to 0.60 percent in 2019 and 0.50 percent in 2021. The proposal comes as additional business tax cuts, which became law in 2015, are still being phased in; if revenue meets a certain threshold set in statute, which is widely ...
Updated on May 30, 2017 On May 24, the Senate Finance Committee approved a State Budget proposal that would appropriate $11.86 billion in State fiscal years (SFY) 2018 and 2019. This proposal is $324.7 million less than the Governor’s proposed budget, which the Senate Finance Committee used as a baseline for its decisions, and $5.9 ...
FOR IMMEDIATE RELEASE May 24, 2017 Concord, NH – The New Hampshire Fiscal Policy Institute today published a new resource designed to help Granite State policymakers and residents develop a deeper understanding of the revenue system that funds the public services provided through the state budget. The new publication, titled “Revenue in Review: An Overview ...
New Hampshire’s revenue system is relatively unique in the United States, as it lacks broad-based income and sales taxes and instead relies on a diversity of more narrowly-based taxes, fees, and other revenue sources to fund public services. This system presents both advantages and disadvantages to stable, adequate, and sustainable revenue generation. The New Hampshire ...