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.
Latest Updates
Updated Revenue Projections Suggest Much Smaller Budget Shortfall
At a November 23 briefing, key New Hampshire State agencies provided updated revenue estimates to policymakers that revealed a much more optimistic revenue outlook than previous projections. With tax receipts performing well in the State fiscal year thus far, and agencies substantially underspending their budgets last year, the total budget shortfall may be much more ...
State Fiscal Situation Improves with Higher Revenues and Agency Underspending
A combination of revenues recovering faster than anticipated, including some potentially atypical receipts, and underspending at public agencies has improved ...
Early Impacts of the COVID-19 Crisis on State Revenues
Funding for New Hampshire’s State Budget relies on revenues generated from economic activity, which has been severely curtailed by the ...
How Public Services are Funded in New Hampshire at the State and Local Levels, and the Impacts of the COVID-19 Crisis
Presented by Phil Sletten, Senior Policy Analyst at the New Hampshire Fiscal Policy Institute, to the New Hampshire Government Finance ...