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Where The Money Comes From
Where does New Hampshire get the money to fund the services we all use - from individual state agencies, public schools, state universities, law enforcement, highway projects and more? |
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Certain sources of funds are to be used for specific purposes. Federal program revenues are used only for the purposes of those programs. Also, revenues from Highway, Fish & Game fees, Turnpike Tolls and other "restricted purpose funds" are used only for expenditures within those funds. Unrestricted revenues are those sources of funds for use by the General and Education Trust funds. The chart below shows the "types" of revenue that are collected for these purposes.
Dollars are estimated in Thousands and reflect Chapter 106, Laws of 2023 (HB1) revenue estimates and does not include adjustments in Chapter 79, Laws of 2023 (HB2) or within the Committee of Conference Surplus Statement.
General and Education Fund Grouping | Estimate FY 2025 | Percentage of Total Estimate |
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Business Taxes | $1256.0 | 39% |
Meals and Rooms Tax | $325.0 | 10% |
State Property Tax | $363.1 | 11% |
Tobacco Tax | $212.3 | 7% |
Other | $200.4 | 6% |
Real Estate Transfer Tax | $210.0 | 7% |
Liquor and Beer | $148.8 | 5% |
Insurance Tax | $143.0 | 4% |
Interest and Dividends Tax | $99.4 | 3% |
Lottery | $164.0 | 5% |
Communications Tax | $30.0 | 1% |
Tobacco Settlement | $38.5 | 1% |
Total Funding | $3,190.5 | 100% |
Source: Chapter 106, Laws of 2023, HB1, Section 1.07 Summary | ||
Does not include footnotes and other adjustments from Chapter 79, Laws of 2023 (HB2) |
More information...
Annual Reports (Department of Revenue Administration)
Monthly Revenue Focus Report (Department of Administrative's Services - Division of Accounting Services)
Revenue Transparency (Department of Revenue Administration)