As we reported yesterday, New Hampshire’s lottery revenues have been steadily declining over the past five fiscal years. Since the lotto funds the state’s education system, lower sales translate into less money for schools. (You can read our first post here.) Still, the lottery isn’t exactly generating chump change. In FY 2011, the education system […]
New Hampshire is one of a small minority of states without a sales tax.* So when Republican presidential candidate Herman Cain announced his 9-9-9 Plan â 9 percent corporate tax, 9 percent income tax, and a 9 percent national sales tax â residents of New Hampshire started feeling a bit nervous. Â While the Cain plan […]
The US Census Bureau released data today showing more kids living in poverty nationwide, but New Hampshire is among a small number of states that did NOT see an increase. The Carsey Institute at the University of New Hampshire found that since 2009, a million more kids are living in poverty. But if you look at […]
Here’s a new map from the Tax Foundation showing growth of high-income taxpayers from 1999-2009. What’s particularly interesting about these numbers is that they straddle pre- and post-recession years. So StateImpact naturally wondered, did the recession dramatically change where the high income bracket grew?
This week, Comcast invited business leaders, elected officials, and the media to an event at the company’s new warehouse and inspection station in Salem, NH. Although the facility officially “opened” on August 17th, it had actually been up and running for a couple of months. (The Boston Globe ran a story about the facility two days before […]
It’s been a busy week on the rural economy beat, thanks to President Obama’s newly-released rural jobs initiative. As part of that push today, Agriculture Secretary Tom Vilsack announced a series of rural development grants and loans awarded to states as part of the clunkily-named “USDA Rural Development’s Community Facilities Program.” The idea, Vilsack said, […]
According to the Tax Foundation, 6.9 percent of New Hampshire’s direct spending went toward interest payments on debt in FY 2009. The only state that devoted a higher portion of its funds to interest was…Massachusetts, at 9.58 percent. (You can find more surprising comparisons between New Hampshire and Massachusetts here.) Overall, New England eats up a goodly portion of the […]
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