State Budget Highlights '24-'25

·  No income, sales or capital gains tax

·  Eliminates the Interest & Dividends Tax on retirement income

·  $245 million from Room & Meals revenue back to communities for property tax relief

·  $40 million for municipal water projects

·  $10 million increase in municipal highway grants

·  $10 million increase in municipal bridge grants

·  Preserves NH’s competitive business climate

·  Provides property tax relief

·  Helps maintain our state’s position as the safest state in the nation and 4th most livable state in the U.S.

·  Preserves NH’s standing of lowest poverty rate in the country and 8th highest median family income

·  $27.9 million for local water pollution control projects

·  $2 million for local grants to tackle PFAS contamination

·  $1 million for cyanobacteria cleanup and prevention

·  $9.7 million for the Nashua/Litchfield water main interconnection

·  $25 million to the Affordable Housing Fund

·  $10 million for workforce housing via InvestNH

·  $5 million for Housing Champions

·  $10 million more for local homelessness programs

·  $134 million increased Medicaid reimbursement rates

·  $850k Medicaid coverage for women’s birth & lactation services

·  $4 million to Family Resource Centers

·  $5 million for crisis stabilization services

·  $16.5 million more in family resource infrastructure funding

·  $169 million more in state aid to local school districts

·  Prioritizes aid to towns & students with the greatest need

·  Increases per-pupil state aid in education by 31% over next decade

·  No donor towns

·  $49 million for new school building aid projects

·  $10 million for the public school infrastructure to ensure safe schools

·  Tuition freeze for NH students at all state colleges

·  $800k for NH Internet Crimes Against Children Task Force

·  $3 million for child advocacy centers

·  $500k to combat human trafficking

·  $1.4 million for Northern Border Alliance to combat fentanyl crossings and human trafficking

·  $15 million toward childcare recruitment & retention

·  $6 million in increases for Temporary Assistance for Needy Families

·  12% raise for all state employees

·  Recruitment & retention incentives for state employees

·  Eliminates Interest & Dividends Tax on retirement income

·  $1.7 million to expand systems of care for healthy aging

·  $15 million increase for Medicare prescription drug benefits

·  $500k for public awareness campaigns on brain health, Alzheimer’s, and related dementia

·  $450k increase for home visiting formula grant

·  $1.6 million for air pollution reduction grants

·  $1 million for a solid waste management fund, targeting food waste reduction

·  $1 million for targeting PCB contamination

·  $40 million increase in municipal water grants