NHFPI Research Director Phil Sletten examined the fiscal and economic effects of the proposed Business Enterprise Tax reduction from 0.55% to 0.50%. His analysis found that this proposal would reduce New Hampshire's state revenue by $26 million per year, while providing tax savings too small for most businesses to expand hiring.
A new federal reconciliation law signed on July 4 will bring sweeping changes to tax and social support programs, with major implications for Granite Staters. According to NHFPI's analysis, the law makes permanent many tax cuts from 2017, and pays for some of the forgone revenue by reducing access to Medicaid, supports for food assistance, and clean energy investments, shifting costs and risks onto low- and moderate-income households.
NHFPI’s report examines the House’s proposed budget for State Fiscal Years 2026 and 2027, which reduces funding for services by over $500 million compared to the Governor’s proposal. It lowers funding for Medicaid, care for individuals with disabilities, and community mental health services while eliminating several state agencies and functions.
As the House Finance Committee holds its first public hearing on the State Budget, NHFPI is releasing a detailed, data-driven analysis of the Governor’s State Budget Proposal for Fiscal Years 2026 and 2027. This report offers essential context for the budget’s priorities, trade-offs, and potential impacts on New Hampshire’s fiscal future.
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 ...
