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.
New Hampshire State revenues in December fell short of their target for two key funds by a combined $20.4 million (6.6 percent), nearly doubling the State’s revenue deficit halfway through the fiscal year. December is the second major month of collections for New Hampshire’s two primary business taxes in the fiscal year, which started July ...
Throughout the year, NHFPI staff collectively read, listened to, or watched over 1,000 research products to help create monthly, curated lists for the NHFPI newsletter’s feature, What We’re Reading. Below is a non-comprehensive list of interesting books, reports, papers, analyses, and podcast episodes from 2024 that highlight the range of topics important to the economic ...
First published in Ink Link, January 2, 2025 As 2025 gets underway, the New Hampshire Fiscal Policy Institute rounded up 10 fiscal facts to help inform the Granite State’s public policy conversations in the New Year. 1. About 98,000 Granite Staters Lived in Poverty in 2023 The poverty rate, using the Official Poverty Measure, held steady ...
As 2025 approaches, the New Hampshire Fiscal Policy Institute rounded up ten fiscal facts to help inform the Granite State’s public policy conversations in the New Year.
State revenues slipped further behind expectations in November as key sources the State had been relying on for revenue growth fell behind the prior fiscal year’s receipts. Lower business tax ...
Presented by Phil Sletten, Research Director at the New Hampshire Fiscal Policy Institute, at NHFPI’s 9th Annual Conference on December 6, 2024.