New Hampshire Fiscal Statistics

StatisNostics/State Financials/New Hampshire

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20122023

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State Revenue Analysis (New Hampshire: 2012–2023)

Population: 1,321,297 → 1,388,992 (5.1% change)

Overall Revenue Trends

Total Revenue▲ 56.5%

$6,660,860,000 (2012)→$10,423,152,000 (2023)

Per Capita Revenue▲ 48.9%

$5,041 (2012)→$7,504 (2023)

Fund Balances▼ 100%

$6,820,194,000 (2012)→$0 (2023)

Revenue Volatility✓ Low

Avg. fluctuation: 5.4%

Major Tax Revenue

Property Tax▼ 19.6%

$380,682,000 (2012)→$306,000,000 (2023)

Utility Revenue

Sewerage Charges▲ 53.2%

$1,523,000 (2012)→$2,333,000 (2023)

Growth Analysis

Fastest Growing Revenue Sources

Other License Tax▲ 6237.8%

$659,000→$41,766,000

Public Utility License Tax▲ 276.8%

$6,980,000→$26,298,000

Local Intergovernmental Public Welfare▲ 215.7%

$149,976,000→$473,496,000

Declining/Slowest Growing Sources

Rents▼ 87.1%

$4,974,000→$640,000

Regular Highway Charges▼ 75.4%

$51,530,000→$12,677,000

Public Utilities Tax▼ 66.6%

$83,884,000→$28,056,000

Revenue Forecast

Projected Revenue (Next Year)▲ 2.1%

Estimated: $10,644,861,634

Based on 3-year revenue trend

Revenue Composition

2012 Revenue Breakdown

Federal Intergovernmental Public Welfare11.1%

Liquor Stores Revenue8.4%

Corporation Net Income Tax7.8%

Interest Earnings6.1%

Property Tax5.7%

Higher Education Tuition Charges5.6%

Other Selective Sales Taxes5.2%

Federal Intergovernmental Other5.2%

Miscellaneous General Revenue Not Elsewhere Classified3.7%

Unemployment - Contribution3.5%

Federal Intergovernmental Education3.4%

Tobacco Sales Tax3.2%

Higher Education Auxiliary Charges3.0%

Federal Intergovernmental Highways2.6%

Local Intergovernmental Public Welfare2.3%

Motor Fuels Sales Tax2.2%

Toll Highway Charges1.8%

Donations From Private Sources1.6%

All Other Not Elsewhere Classified Charges1.5%

Occupation & Business License Not Elsewhere Classified1.4%

Motor Vehicle License1.4%

Documentary & Stock Transfer Tax1.3%

Public Utilities Tax1.3%

Individual Income Tax1.2%

Net Lottery Revenue1.2%

Federal Intergovernmental Housing & Community Development1.2%

Insurance Premium Tax1.1%

Regular Highway Charges0.8%

Federal Intergovernmental Health & Hospitals0.7%

Fines & Forfeits0.6%

Corporation License Tax0.6%

Federal Intergovernmental Other Natural Resources0.5%

Federal Intergovernmental Employment Security Administration0.5%

Parks & Recreation Charges0.2%

Federal Intergovernmental Air Transportation0.2%

Hospital Charges0.2%

Local Intergovernmental Highways0.2%

Housing & Community Development Charges0.2%

Motor Vehicle Operators License0.2%

Local Intergovernmental Other0.2%

Federal Intergovernmental Water Utilities0.2%

Hunting & Fishing License0.2%

Alcoholic Beverage Sales Tax0.1%

Public Utility License Tax0.1%

Federal Intergovernmental Transit Utilities0.1%

Rents0.1%

Natural Resources Not Elsewhere Classified Charges0.1%

Alcoholic Beverage License Tax0.1%

Local Intergovernmental Education0.1%

Unemployment - Interest Revenue0.0%

Federal Intergovernmental Sewerage0.0%

Sewerage Charges0.0%

Sale of Property0.0%

Other License Tax0.0%

Parimutuels Tax0.0%

Amusement Tax0.0%

Air Transportation Charges0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Special Assessments0.0%

Amusement License Tax0.0%

Local Intergovernmental Health & Hospitals0.0%

2023 Revenue Breakdown

Federal Intergovernmental Public Welfare18.5%

Corporation Net Income Tax12.2%

Federal Intergovernmental Other8.2%

Liquor Stores Revenue7.1%

Local Intergovernmental Public Welfare4.5%

Other Selective Sales Taxes3.9%

Interest Earnings3.9%

Higher Education Tuition Charges3.2%

Federal Intergovernmental Education3.0%

Property Tax2.9%

Occupation & Business License Not Elsewhere Classified2.6%

Miscellaneous General Revenue Not Elsewhere Classified2.5%

Federal Intergovernmental Highways2.2%

Tobacco Sales Tax2.1%

Higher Education Auxiliary Charges2.0%

Documentary & Stock Transfer Tax2.0%

All Other Not Elsewhere Classified Charges1.7%

Motor Fuels Sales Tax1.7%

Net Lottery Revenue1.7%

Insurance Premium Tax1.5%

Individual Income Tax1.4%

Toll Highway Charges1.4%

Donations From Private Sources1.3%

Motor Vehicle License1.1%

Federal Intergovernmental Housing & Community Development1.1%

Unemployment - Contribution1.1%

Corporation License Tax0.8%

Fines & Forfeits0.7%

Other License Tax0.4%

Federal Intergovernmental Health & Hospitals0.4%

Federal Intergovernmental Other Natural Resources0.3%

Federal Intergovernmental Employment Security Administration0.3%

Parks & Recreation Charges0.3%

Public Utilities Tax0.3%

Public Utility License Tax0.3%

Motor Vehicle Operators License0.2%

Housing & Community Development Charges0.1%

Alcoholic Beverage Sales Tax0.1%

Regular Highway Charges0.1%

Hunting & Fishing License0.1%

Federal Intergovernmental Air Transportation0.1%

Local Intergovernmental Other0.1%

Hospital Charges0.1%

Local Intergovernmental Highways0.1%

Natural Resources Not Elsewhere Classified Charges0.1%

Unemployment - Interest Revenue0.1%

Local Intergovernmental Education0.1%

Alcoholic Beverage License Tax0.1%

Sale of Property0.0%

Sewerage Charges0.0%

Rents0.0%

Amusement License Tax0.0%

Amusement Tax0.0%

Air Transportation Charges0.0%

Special Assessments0.0%

Key Insights

1Total revenue increased by 56.5% from 2012 to 2023, representing a significant change in the state's financial position.
2Utility revenue growth was exceptional, with sewerage up 53.2%, suggesting infrastructure expansion or rate adjustments.
3Population changed by 5.1%, while per-capita revenue changed by 48.9%.
4The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.

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State Expense Analysis (New Hampshire: 2012 - 2023)

Total Expenditure Trends

Operating Expenditures▲ 104%

$3,578,437,000→$7,293,353,000

Per Capita Spending▲ 94%

$2,708→$5,251

Population Trends

Population Change▲ 5.1%

1,321,297 (2012)→1,388,992 (2023)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 72%

$51,206,000 (2012)→$87,839,000 (2023)

Fire Protection▼ 0%

$0 (2012)→$0 (2023)

Infrastructure Expenses

Highways Maintenance▲ 18%

$191,795,000 (2012)→$225,675,000 (2023)

Sewerage Operations▲ 45%

$17,129,000 (2012)→$24,906,000 (2023)

Administrative Expenses

Financial Administration▲ 868%

$64,469,000 (2012)→$624,139,000 (2023)

General Expenses▼ 10%

$416,226,000 (2012)→$373,652,000 (2023)

New Hampshire Key Insights

1Per capita expenditures grew by 94%, indicating substantial service expansion or cost increases not explained by population growth alone
2Financial Administration was the fastest growing major expense category at 868% increase

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State Debt Analysis (2012-2023)

Debt Trends

Total Long-Term Debt▲ 104%

$3,669,511,000 (2012)→$7,489,225,000 (2023)

Industrial Revenue Debt▼ 100%

$4,312,145,000 (2012)→$0 (2023)

Per Capita Debt▲ 94%

$2,777 (2012)→$5,392 (2023)

Population Trends

Population Change▲ 5.1%

1,321,297 (2012)→1,388,992 (2023)

Debt Management

Most Recent Year (2023)

Issued:$1,090,272,000

Retired:$974,410,000

Net Change:+$115,862,000

Debt Retirement Trend

$337,944,000 → $974,410,000▲ 188%

🔄 Significant change in retirement strategy detected

Key Insights

1The sharp increase in unspecified long-term debt suggests major capital projects or financial restructuring.
2There appears to be a significant shift in debt management strategy between 2012-2023, with a move toward higher debt levels.
3New debt issuance significantly increased the per-resident debt burden (up 94%).