May State Revenues Reach Target Despite Business Tax Slump

State revenues exceeded targets in May, increasing the year-to-date surplus to $156.7 million, or 5.7 percent above plan (boosted largely through tax amnesty receipts). However, business tax revenues fell below expectations for the month, suggesting April's strong collections may not signal a broader trend.

What We’re Reading — the May 2026 Edition

Each month, NHFPI’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 May 2026.

State Property Tax Relief for Homeowners Available Through June 30

NHFPI’s latest analysis examines New Hampshire’s Low and Moderate Income Homeowners Property Tax Relief Program and why participation has declined sharply over time, even as property taxes continue to rise. The piece also explores how other states structure targeted property tax relief, including assistance for renters, who are largely excluded from New Hampshire’s program despite often facing lower incomes and higher housing cost burdens.

April Revenues Suggest Growth as Receipts Exceed Target: Ten Takeaways from the Latest Numbers

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.