State Agency Budget Requests Total $16.9 Billion

State agencies submitted their budget requests at the beginning of October, offering insights into the results of the first phase in the State Budget process, as well as into the needs State agencies have identified to fulfill their missions. Overall, State agencies requested $16.29 billion in their Efficiency Budget requests, and another $653.1 million in ...

About One in Six Granite Staters Relied Solely on Public Health Coverage in 2023

In 2023, about 60.2 percent of Granite Staters were covered by private insurance only, including those who received coverage through their employer, purchased their insurance directly, or were beneficiaries of Tricare or another type of military coverage. Approximately 52.8 percent of all Granite Staters relied only on employer-based coverage to access health care. Approximately 17.4 ...

New Hampshire Households with Higher Incomes Disproportionately Rely on Capital Gains and Business Income

Data from the U.S. Internal Revenue Service suggest New Hampshire residents with the highest incomes, in the top one percent of tax filers, collected a disproportionately large share of income from both capital gains and business-related income. Of about $19.1 billion in total Adjusted Gross Income (AGI), or income after deductions, reported by the 6,742 ...

The Top One Percent of 2021 Federal Income Tax Returns from New Hampshire Had Nearly One in Four Dollars of the Total Adjusted Gross Income from All Residents

Data from the U.S. Internal Revenue Service suggest New Hampshire residents with the highest incomes, in the top one percent of tax filers, collected a disproportionately large share of income reported by New Hampshire households. On the federal income tax returns filed for tax year 2021, the most recently available detailed data, total Adjusted Gross ...

Extending Federal Tax Cuts and Jobs Act Would Lower Income Taxes for Granite Staters, Provide Largest Benefits to Highest-Income Residents

The federal Tax Cuts and Jobs Act, enacted in 2017, made both permanent and temporary changes to federal tax law, including significant changes to the personal income tax code that expire after 2025. U.S. Congress will likely consider whether to alter or extend these provisions next year. Analysis conducted and published by the Institute on ...

About One in Four Flexible Federal Dollars Allocated to New Hampshire by the American Rescue Plan Act Remained Unobligated Six Months Before Deadline

The State of New Hampshire has budgeted almost all (98.8 percent) of the flexible federal Coronavirus State Fiscal Recovery Funds provided by the American Rescue Plan Act. While the State has budgeted these funds, data provided by the Governor’s Office for Emergency Relief and Recovery show that $433.7 million (43.6 percent) had been spent as of June 30, 2024 in ...