New Hampshire State Budget: Top Concerns for Granite Staters

read more…: New Hampshire State Budget: Top Concerns for Granite Staters

Reflecting the spirit of New Hampshire’s residents, we found Granite Staters to be deeply engaged, invested, and passionate about how the State Budget, and decisions made by our lawmakers in Concord, impact our everyday lives and communities. Below are some of the questions that kept coming up about how the budget works, and a few answers, too.

How might the federal government shutdown impact Granite Staters?

read more…: How might the federal government shutdown impact Granite Staters?

The federal government ran out of funding for many of its operations on October 1, leading to a “shutdown” of many activities. Much of the federal government will keep running, but the exact scope of services that will be put on hold until funding resumes is governed by a combination of laws and decision-making by the federal officials.

1-in-8 Granite Staters enrolled in Medicaid in 2024, 1-in-13 adults enrolled in Medicaid expansion

read more…: 1-in-8 Granite Staters enrolled in Medicaid in 2024, 1-in-13 adults enrolled in Medicaid expansion

An average of 9,095 Manchester residents were enrolled in Granite Advantage in 2024, representing 14.7 percent of the total average number enrolled in the program during that year. Nashua (5,209 adults), Concord (2,455 adults), and Rochester (2,284 adults) all had two thousand or more residents receiving Granite Advantage coverage due to each municipality’s large population size.

May Revenues show Business Tax growth over prior year, but still short of target

read more…: May Revenues show Business Tax growth over prior year, but still short of target

May is not a critical month for State revenue collections, but policymakers in the State Budget’s Committee of Conference have been seeking any additional information they can find that could help inform final revenue projection negotiations for the budget. As a result, revenues in May have received more scrutiny than usual as policymakers look for hints about the future.

nhfpi

November state revenue falls behind planned levels Amid declining business tax receipts and lower interest payments

read more…: November state revenue falls behind planned levels Amid declining business tax receipts and lower interest payments

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 receipts added to the year-to-date revenue deficit, with revenues thus far this fiscal year $76.4 million (20.9 percent) behind last year’s combined business tax collections.

NHFPI Conference will delve into key priority issues for upcoming state budget

read more…: NHFPI Conference will delve into key priority issues for upcoming state budget

The New Hampshire Fiscal Policy Institute’s 9th Annual Budget and Policy Conference will be held on Friday, December 6, 2024, at the Grappone Conference Center in Concord. The event will bring together nearly 400 of New Hampshire’s policymakers, community and business leaders, educators, journalists, and concerned residents. 

New Hampshire renters were cost-burdened by housing at higher rates than homeowners in 2023

read more…: New Hampshire renters were cost-burdened by housing at higher rates than homeowners in 2023

Renters are more likely to be younger, to live in older housing units than owners, to be Granite Staters of color, and to have fewer years of formal education. Trends since 2021 suggest that renter median incomes are growing at slower rates than homeowner incomes, which may further contribute to income inequality between Granite Staters who own their homes compared to those who do not.

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