Limited access to affordable child care creates significant challenges for New Hampshire’s families and economy, and may hinder New Hampshire’s efforts to support a robust workforce.[1] While New Hampshire families requiring child care experienced challenges with availability, affordability, and quality of care before 2020, the COVID-19 pandemic exacerbated these challenges and highlighted the severity of ...
The Granite State is experiencing a long-predicted workforce shortage that is, in part, related to an aging New Hampshire population, and further exacerbated by fewer residents who are employed or looking for employment than were prior to the pandemic.[1] Future workforce constraints in key industries could be disproportionately severe due to a lack of qualified ...
Fueled by accumulated savings and federally-funded economic stimulus, the national and New Hampshire economies have rebounded quickly from the recession caused by the COVID-19 pandemic. Despite forecasts of another recession in 2022 or early 2023, the national and state economies largely remained resilient and have avoided a downturn.[1] However, the expansion of the state’s economy ...
The State of New Hampshire relies on corporate taxes for a greater percentage of tax revenue than any other state. In fiscal year 2021, New Hampshire raised about 31 percent of total tax revenue through corporate income taxes, while the next highest state was New Jersey, with about 14 percent of tax revenue coming from ...
The Governor’s February 2023 proposal for the next two-year State Budget arrived in an environment of potentially increased overall need for services, particularly with looming economic uncertainty and the end of key federal COVID-19-related fiscal supports for programs and the economy. The next State Budget will fund State-supported services during the upcoming two fiscal years. ...
The next two-year State Budget will fund State-supported services in an uncertain economic environment and following a period of substantial increases in State revenue. These revenue increases, primarily driven by an increase in national corporate profits that has accelerated since the start of the COVID-19 pandemic, have provided the State with substantial opportunities to address ...
