Budget Issues

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January 30, 2013

N.H.’s R&D Tax Credit Explained

Thursday, the New Hampshire Senate unanimously approved a bill that increases the state’s research and development tax credit funding from $1 million to $2 million beginning this year. Last year, 111 qualifying businesses shared that $1 million – so that the 58 businesses who qualified for the maximum credit of $50,000 received $12,065 each. Who […]

January 25, 2013

Ayotte Hears Concern Among Business Leaders

Business leaders gathered at the Grappone Center in Concord Friday to meet with Republican Senator Kelly Ayotte, who says many came to her with their concerns about the federal fiscal policy. “Most of all I think they want they want some certainty about the tax and regulatory climate,” Ayotte says. Earlier in the day, Ayotte […]

January 23, 2013

Gov. Hassan Creates Revenue Estimating Panel By Executive Order

Governor Hassan has issued an executive order creating a panel of experts to advise her on state revenue projections. Once a budget is adopted by the legislature, the panel will meet regularly to review revenue estimates, and share those estimates with legislators. Earlier this month, the state’s Legislative Budget Assistant Jeffry Pattison told us why […]

January 22, 2013

R&D Tax Credit Bill Gets The Go Ahead In Ways And Means

The Senate Ways and Means committee has unanimously agreed to send to the floor a bill that doubles New Hampshire’s research and development tax credit – a priority of both the Business and Industry Association, as well as Senate Democrats. Senator Odell, who is chairman of the Ways and Means committee, says he introduced a […]

January 7, 2013

Calendar Year Begins With Deficit Of $25 Million

New Hampshire is beginning the calendar year with a “$25 million dollar problem,” Legislative Budget Assistant Jeffry Pattison told legislative budget writers at a fiscal orientation on Monday. Pattison says that in context, that’s a “$25 million dollar deficit on a $5.2 billion dollar budget,” which, he says, he thinks the state can manage. Additionally, […]

January 3, 2013

Speaker Norelli’s Three Big Budget Concerns

This Monday, the House and Senate’s Finance and Ways and Means committees will meet with local and national economists. The goal: to anticipate how much the state is likely to earn from taxes and other revenues. The estimate the committees come up with will dictate how big the next budget can be. House Speaker Terie […]

December 18, 2012

N.H.’s $54 Million Question: Will Lawmakers Pass A Casino Bill This Year?

As the next legislative session approaches, expanded gambling is certain to be a hot topic. At least two bills are certain to surface that would allow for at least one casino in the state, both sponsored by Manchester lawmakers: one sponsored by Republican Representative Steve Vaillancourt, another by long-time expanded gambling proponent, Democratic Senator Lou […]

December 7, 2012

N.H. Entering An “Uncertain Time” With “Withering” Economic Advantage

A recent report from the Center for Public Policy Studies was uncharacteristically ominous, warning that the state is entering an “uncertain time,” and that the New Hampshire advantage “is withering away, and may erode further in years to come.” Dennis Delay, the report’s author, is referring to the state’s slow economic recovery compared to its […]

December 1, 2012

New Hampshire: Fewer Subsidies To Corporations Than Most States

The New York Times has published results from a 10 month investigation into the $80.4 billion that local and state governments spend on corporate subsidies. While many states spend many hundreds of dollars per capita on tax subsidies, free property, and other kickbacks, New Hampshire spends only $30 per capita, or a total of $39 […]

November 30, 2012

Arlinghaus And McLynch Discuss Upcoming Budget

Reported by contributor Brian Wallstin. Gov.-elect Maggie Hassan and New Hampshire lawmakers are beginning to outline their priorities for the 2013-2015 biennial budget, led by a new Democratic majority in the state House. This week, two experts told a gathering of business leaders in Concord that restoring even some of the cuts made in 2011 […]

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