State Taxes

NHPR Staff

The House held a hearing Wednesday on a bill that would cut business taxes in the state.

The state projects that it will lose about eighty million dollars in revenue by 2021 if the tax cut passes, assuming the economy follows current trends.

But supporters argue that the cut would have positive impacts on local businesses. Bruce Berke, the New Hampshire Director of the National Federation of Independent Business, says that cutting taxes will lead to growth.

Russ Matthews / https://flic.kr/p/7Uw5Ca

As New Hampshire lawmakers prepare for the next phase of the state's long-simmering budget debate, they're being urged to consider a cautionary tale from half-way across the country.

Ryan Szepan / Flickr Creative Commons

Governor Maggie Hassan issued an Executive Order Wednesday that would freeze state hiring and purchasing, as well as out-of-state travel. The governor says the freeze is needed following a dramatic drop in revenue last month. 

Gov. Hassan says April education and general fund revenues fell short by almost $22 million.  Prior to that, the state had been running a roughly $25 million surplus.  She says the shortfall has lowered the state’s cushion to just below $4 million.

AshtonPal / Flickr/CC

Predictions for a Rough Allergy Season Following a Cold Winter

Biologists say this year’s cold Winter and late Spring could mean a wallop of an allergy season, a so-called “pollen vortex” adding to a longer trend toward higher pollen counts, due to climate change.

New Hampshire's tax receipts are $25 million ahead of estimates so far this fiscal year despite a weak showing in October.

Administrative Services Commissioner Linda Hodgdon said receipts were $2 million below estimates, but October is a relatively small tax month. The state collected $105 million and had forecast receiving $107 million. Hodgdon said business taxes were down over $4 million, but such a small tax collection month makes it difficult to know if that signals a trend.

Since July 1, the state has collected $541 million.