New Hampshire State revenues came in stronger than expected in April, driven by a one-time Tax Amnesty Program, rebounding business tax revenues, stronger Real Estate Transfer Tax receipts, and growth in lottery and Insurance Premium Tax revenues. But while the gains may ease short-term budget pressures as the legislative session enters its final month, revenues remain below where they were two years ago, underscoring ongoing fiscal uncertainty tied in part to recent tax policy changes.
People across the Granite State are deeply invested in understanding how public dollars are raised, allocated, and impact their communities. In a new blog post, NHFPI Research Director Phil Sletten outlines the three questions about the State Budget that keep coming up as he hosts events across the state and what those questions reveal about how Granite Staters are thinking about affordability, public services, and the future of New Hampshire.
NHFPI’s State Budget: What You Need to Know tour brings data-informed analysis to communities across New Hampshire, helping Granite Staters better understand how the State Budget works and how it affects their daily lives. This page includes the presentation slides used during tour events.
According to a new NHFPI analysis, New Hampshire’s Tax Amnesty Program generated $103.8 million — far above the $5 million projected — with most revenue coming from businesses, particularly through audit settlements. The surge reflects compliance gaps, newly identified filers, and potentially delayed impacts from business tax policy changes, while raising questions about whether some taxpayers delayed payments in anticipation of this amnesty program.
Presented by Phil Sletten, New Hampshire Fiscal Policy Institute Research Director, at the Merrimack Town Hall as part of NHFPI’s State Budget Tour on April 1, 2026.
Public education is one of the largest investments New Hampshire makes, and one of the most debated. In Episode 3 of Season Two of New Hampshire Uncharted, host Gene Martin is joined by New Hampshire State Representative Walter Spilsbury, Vice Chair of the House Education Funding Committee, to discuss House Bill 1800, a proposal that could significantly change how education funding works in the Granite State.
