Revenue & Tax

Revenue is essential to funding the priorities of the state and supporting vital public services. State and local revenue in New Hampshire stems primarily from taxes, and each resident, visitor, and employer has a vital role in generating the resources required to maintain essential systems and meet the needs of Granite Staters.

Property taxes are the primary revenue source for local governments, while the largest tax revenue sources for the State are taxes on business profits and compensation, restaurant meals and hotel room rentals, tobacco sales, real estate transactions, insurance premiums, motor fuels, and other economic activity. State revenue also comes from sales by State-operated enterprises selling liquor and lottery tickets.

NHFPI seeks to improve public understanding of New Hampshire’s revenue system, its role in financing state expenditures, and the impact it has on families and individuals at different income levels.

 

State revenues end fiscal year higher, but sources of growth raise questions for the next budget – New Hampshire Business Review

First published in New Hampshire Business Review, September 14, 2026. State finances received some generally positive news last month. The preliminary analysis of New Hampshire revenues for the fiscal year that ended June 30 showed collections were higher than expected. Combined revenues for two key state funds, the General Fund and the Education Trust Fund, ...

Real Estate Transfer Tax Boosts Summer Revenues

NHFPI's Phil Sletten finds that New Hampshire State revenues started the new fiscal year slightly ahead of expectations, with collections in July and August totaling $276 million, about $5.8 million, or 2.1 percent, above projections. The surplus was driven largely by the Real Estate Transfer Tax, while several other major revenue sources, including business taxes and Liquor Commission profits, fell short of targets.

What We’re Reading — the August 2026 Edition

On the last Friday of each month, the New Hampshire Fiscal Policy Institute’s research team shares a curated list of books, research papers, podcasts, and more that are helping to shape our understanding of the economic wellbeing of the Granite State and beyond. Here are our picks for August 2026.

What We’re Reading — the July 2026 Edition

On the last Friday of each month, the New Hampshire Fiscal Policy Institute’s research team shares a curated list of books, research papers, podcasts, and more that are helping to shape our understanding of the economic wellbeing of the Granite State and beyond. Here are our picks for July 2026.