Shifting Sources: A Brief Look at Long-Term State Revenue Trends in New Hampshire

By: Phil Sletten

Outlets: NHFPI

Published: September 9, 2025

Words: 2,424

Last Updated: 4 months, 2 weeks ago

KEY POINTS

New Hampshire’s State revenues to the General Fund and Education Trust Fund, after being boosted by high corporate profits and quickly-accelerating housing prices, have declined since 2022

State revenues are becoming more reliant on gambling and Insurance Premium Tax revenues, while Tobacco Tax and liquor receipts have declined

Combined business tax receipts were 39 percent of General and Education Trust Funds revenues in State Fiscal Year (SFY) …

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