Sununu signs surplus spending bill

Jun 08, 2018
NH budget surplus

New Hampshire is experiencing a budget surplus due to some changes in federal tax law. The House and Senate voted to spend the surplus funds as follows:

NH has a big surplus this year

Oct 04, 2016

Preliminary data from the most recent fiscal year shows a $130 million surplus in New Hampshire government.

According to the Department of Administrative Services, the largest portion of that surplus came from increased business tax revenue, which was $80 million higher than expected.  

Revenue from the real estate transfer tax was also much higher than expected, providing an additional $16 million in revenue.

Surplus eyed for rainy day fund, more

Apr 27, 2016

On April 26 Senate President Chuck Morse presented a bill amendment that lifts a cap on how much the state can transfer to the rainy day fund in a given year.

The amendment was prompted by a projected surplus this fiscal year.

Gov. Maggie Hassan supports lifting the bill amendment. 

Is NH ready for a recession?

Jan 08, 2016

A new study ranked New Hampshire 21 out of 50 states for its readiness for an economic downturn. 

The study was published by the Mercatus Center at George Mason University. Researchers looked at the size of each state's rainy day fund and budget surplus, and compared that money to each state's predicted revenue shortfall during a recession.

New accounting rules hit surplus

Sep 10, 2015

This week state comptroller Gerard Murphy told budget writers in the legislature that new accounting rules will reduce last year’s budget surplus by roughly $20 million.

This was bad news for Republican budget writers, who based their budget proposal on a $49 million surplus. Gov. Maggie Hassan vetoed that budget proposal in June.

Subscribe to budget surplus

©2018 Live Free or Die Alliance | The Live Free or Die Alliance is a 501(c)3 nonprofit organization.