Revenue vs. Tax Breaks

Long-term corporate and business tax cuts, alongside the complete repeal of the Interest and Dividends tax, have reduced New Hampshire's state revenue by over $1 billion. Because the state provides very little funding to local municipalities (ranking 44th nationally), this revenue shortfall shifts public service costs onto local property taxes, heavily burdening average families.

Impact on Family Finances

• Surplus Income Drop: A typical four-person family in New Hampshire has seen their annual surplus income drop by over $17,000 compared to a decade ago due to compounding living costs.

• Skyrocketing Property Taxes: With reduced state contributions, local governments rely on property taxes for nearly 60% of total state and local tax revenue, placing an effective tax rate on lower- and middle-income families that consumes a much higher percentage of their earnings than it does for top earners.

• Unaffordable Housing and Essentials: Median single-family home mortgage costs have doubled since 2015, and a family needs to earn over $158,000 to comfortably afford a median-priced home without being housing-burdened.