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 COVID-19 crisis. These State revenues pay for key services for Granite Staters, including supports and assistance designed to help those facing financial hardship. With nearly half of New Hampshire households reporting a loss in employment ...

Business Tax Revenue and the State Budget

The State Budget represents New Hampshire’s funding priorities for public investment in education, health care, public safety, housing, conservation and preservation, roads and bridges, and a range of services to Granite State residents and businesses. To support these investments, policymakers must determine methods for raising revenue and project the amount of revenue available over the ...

Funding the State Budget: Recent Trends in Business Taxes and Other Revenue Sources

Understanding recent revenue trends is key to accurately projecting the amount of revenue expected over the next two State fiscal years and maintaining a balanced State Budget. Revenue projections are especially difficult to make accurately this year, given recent abnormal behavior in receipts from the State’s two primary business taxes, which have driven most revenue ...

The House State Budget for State Fiscal Years 2020 and 2021

The New Hampshire House of Representatives voted to pass its version of the State Budget on April 11, proposing to shift significant resources to education and health services during the next two fiscal years. Using the Governor’s proposal as a basis, the House budget would enhance State support for local public education, public higher education, ...

Business Tax Rate Reductions Add to Uncertain Revenue Picture

At the start of the 2018 Legislative Session, several bills were filed that would likely reduce New Hampshire’s available revenue. When considering changes to revenues, policymakers should be cognizant of the revenue shortfall risks the State presently faces. As of December, revenues are meeting the monthly plan based on estimates set forth by the Legislature ...