New Hampshire
Public finance
The New Hampshire state budget is drawn up biennially by the Department of Administrative Services and then submitted by the governor to the legislature for amendment and approval. The fiscal year runs from 1 July to 30 June.
The biennial New Hampshire budget for 2000/01 ($2.8 billion) presaged the lowest capital budget since 1989, avoiding both an increase in taxes and the addition of executive branch employees, in preparation for a slowdown in economic growth. In 2000/01, New Hampshire had a comfortable starting balance the equaled 5.2% of expenditures, but since 2001/02 it has been running deficits due to revenue shortfalls and increasing costs. The starting balance in 2001/02 was a deficit equal to 3.2% of expenditures, and in 2002/03, the starting balance was a deficit equal to 4.8% of expenditures.
The following table from the US Census Bureau contains information on revenues, expenditures, indebtedness, and cash/securities for 2001.
| ($000) | PERCENT | PER CAPITA | |
| Population (thousands, 2001) | 1,259 | (X) | (X) |
| Total Revenue | 4,574,828 | 100.00 | 3,633.70 |
| General revenue | 3,999,543 | 87.42 | 3,176.76 |
| Utility revenue | 99 | – | 0.08 |
| Liquor store revenue | 306,394 | 6.70 | 243.36 |
| Insurance trust revenue | 268,792 | 5.88 | 213.50 |
| Exhibit: Salaries and wages | 656,985 | 14.89 | 521.83 |
| Total expenditure | 4,411,243 | 100.00 | 3,503.77 |
| General expenditure | 3,890,457 | 88.19 | 3,090.12 |
| Education | 1,320,844 | 29.94 | 1,049.12 |
| Public welfare | 1,063,926 | 24.12 | 845.06 |
| Hospitals | 44,227 | 1.00 | 35.13 |
| Health | 141,764 | 3.21 | 112.60 |
| Highways | 361,214 | 8.19 | 286.91 |
| Police protection | 41,482 | 0.94 | 32.95 |
| Correction | 83,968 | 1.90 | 66.69 |
| Natural resources | 41,887 | 0.95 | 33.27 |
| Parks and recreation | 7,713 | 0.17 | 6.13 |
| Government administration | 187,107 | 4.24 | 148.62 |
| Interest on general debt | 252,294 | 5.72 | 200.39 |
| Other and unallocable | 344,031 | 7.80 | 273.26 |
| Utility expenditure | 141 | – | 0.11 |
| Liquor store expenditure | 262,590 | 5.95 | 208.57 |
| Insurance trust expenditure | 258,055 | 5.85 | 204.97 |
| Debt at end of fiscal year | 5,607,884 | 100.00 | 4,454.24 |
| Cash and security holdings | 9,255,107 | 100.00 | 7,351.16 |