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Op-Ed: Self-Inflicted Budget Crisis: NH Tax Policy Choices Undermine NH’s Future

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Op-Ed: Self-Inflicted Budget Crisis: NH Tax Policy Choices Undermine NH’s Future


By Todd I. Selig

New Hampshire’s budget crisis isn’t the result of an economic downturn or unexpected calamity—it’s the foreseeable outcome of deliberate policy choices. Chief among them: a decade of business tax cuts that have drained state revenues without delivering the promised economic boom.

We were told that cutting the Business Profits Tax (BPT) and Business Enterprise Tax (BET) would attract businesses, grow the economy, and create jobs. What we got instead is an underfunded university system, strained schools and counties, struggling low- and moderate-income residents, and towns forced to absorb the cost of the state’s growing disinvestment.

Since 2015, reductions in BPT and BET rates have cost New Hampshire between $795 million and $1.17 billion in forgone revenue, according to the New Hampshire Fiscal Policy Institute. And yet, the return on that investment has been negligible.

Let’s look at the facts:

  • Slower Revenue Growth: From 2015 to 2023, NH business tax revenues grew 124%. In that same period, Maine and Vermont—states that kept corporate tax rates stable—saw 167% and 166% growth, respectively. Nationally, the increase was 192%, and among New England states (excluding NH), 172%.
  • Minimal Economic Impact: Each dollar spent on business tax cuts generates only 34 cents in economic activity. In contrast, food assistance yields $1.61, and federal aid to states and municipalities brings in $1.34 per dollar.
  • No Jobs Boom: NHFPI analysis shows no statistical link between BPT cuts and job creation. Large corporations—especially multinationals, which make up 60% of BPT revenue—benefit most. Local communities and families are left to absorb the consequences of reduced state investment.

Now, with the New Hampshire House finalizing a two-year budget, proposed cuts reflect the painful consequences of this shortfall. These aren’t just belt-tightening measures—they’re deep, structural wounds.

Among the most damaging proposals is a 33% cut in state aid to the University System of New Hampshire (USNH)—a staggering $50 million reduction. Already the least-funded public university system in the nation, USNH plays a vital role in our state’s economic engine. The flagship campus, UNH, generates $1.3 billion in economic output annually, supports nearly 9,000 jobs, and contributes over $74 million in state and local tax revenue. UNH alumni alone pump another $1.1 billion into the economy through wages and spending.

But these numbers don’t fully capture what’s at stake. As an R1 research university, UNH attracts $260 million in federal funding each year, tackles critical issues like PFAS contamination and space innovation, and sustains over 2,300 jobs. It’s a lifeline to 15,000 students—19% of whom are first-generation college attendees—many of whom stay and contribute to our workforce after graduation. Undermining this system now is like a farmer selling her tractor to save on fuel: short-sighted and counterproductive.

The proposed budget also freezes Rooms and Meals Tax distributions to municipalities at $137 million per year. This amounts to a de facto $11 million cut over two years. For towns like Durham, Concord, Plymouth, Manchester, Nashua, Lebanon, Derry, and Salem it means raising property taxes or cutting services—another example of the state offloading its responsibilities onto local governments and local taxpayers.

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We need solutions rooted in pragmatism, not ideology. Here are two steps lawmakers should take now:

  1. Restore Business Tax Rates: Reinstating pre-2015 BPT and BET rates could generate up to $1 billion in revenue—funds that could stabilize USNH, restore municipal aid, and support key services like Medicaid expansion and the arts.
  2. Pause New Spending: Delay all new programs and initiatives unless they demonstrate clear cost savings, improved efficiencies, or long-term economic benefit. The Governor’s Commission on Efficiency (COVE) could play a leading role in identifying these opportunities.

New Hampshire residents pride themselves on common-sense decision-making. We invest in what works, fix what’s broken, and pivot when policies fall short. The business tax cuts have not delivered. Clinging to them out of political convenience only prolongs the damage.

This budget crisis is not inevitable. It’s the direct result of legislative choices made over the last decade. Lawmakers must now choose differently—for the sake of our communities, our students, and our shared future.

About the author:  Originally from Laconia, Todd Selig is the longtime Town Manager in Durham, where he lives with his family. 



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On This Day, Jan. 5: New Hampshire adopts first state constitution – UPI.com

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On This Day, Jan. 5: New Hampshire adopts first state constitution – UPI.com


1 of 6 | The New Hampshire State House, completed in 1866, is in the capital of Concord. On January 5, 1776, New Hampshire became the first American state to adopt its own constitution. File Photo by Carol Highsmith/Library of Congress

Jan. 5 (UPI) — On this date in history:

In 1776, New Hampshire became the first American state to adopt its own constitution. The document marked a shift toward representative government and away from top-down British royal rule. The Granite State later replaced the document with its current constitution in 1784.

In 1914, the Ford Motor Co. increased its pay from $2.34 for a 9-hour day to $5 for 8 hours of work. It was a radical move in an attempt to better retain employees after introducing the assembly line.

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In 1925, Nellie Tayloe Ross of Wyoming was sworn in as the first woman governor in the United States.

In 1933, construction began on the Golden Gate Bridge over San Francisco Bay.

File Photo by Terry Schmitt/UPI

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In 1933, former President Calvin Coolidge died of coronary thrombosis at his Northampton, Mass., home at the age of 60.

In 1948, the first color newsreel, filmed at the Tournament of Roses in Pasadena, Calif., was released by Warner Brothers-Pathe.

In 1982, a series of landslides killed up to 33 people after heavy rain in the San Francisco Bay area.

In 1993, the state of Washington hanged serial child-killer Westley Allan Dodd in the nation’s first gallows execution in 28 years.

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In 1996, a U.S. government shutdown ended after 21 days when Congress passed a stopgap spending measure that would allow federal employees to return to work. President Bill Clinton signed the bill the next day.

In 1998, U.S. Rep. Sonny Bono, R-Calif., of Sonny and Cher fame, was killed when he hit a tree while skiing at South Lake Tahoe, Calif.

In 2002, a 15-year-old student pilot, flying alone, was killed in the crash of his single-engine Cessna into the 28th floor of the Bank of America building in Tampa, Fla.

In 2005, Eris was discovered. It was considered the largest known dwarf planet in the solar system until a year later when Pluto was downgraded from being a planet.

In 2008, tribal violence following a disputed Kenya presidential election claimed almost 500 lives, officials said. Turmoil exploded after incumbent President Mwai Kibaki was declared the winner over opposition candidate Raila Odinga, who had a wide early lead.

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File Photo by Roger L. Wollenberg/UPI

In 2013, a cold wave that sent temperatures far below average in northern India was blamed for at least 129 deaths. Many of the victims were homeless.

In 2019, Patriarch Bartholomew of Constantinople granted independence to the Orthodox Church in Ukraine, formally separating it from Moscow for the first time since the 17th century.

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In 2025, New York City became the first U.S. city to introduce a congestion charge — $9 for Manhattan’s business district. President Donald Trump failed to kill the toll in a lawsuit.

File Photo by John Angelillo/UPI

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Intriguing proposed laws in New Hampshire legislature – Concord Monitor

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Intriguing proposed laws in New Hampshire legislature – Concord Monitor


With lots of legislators, New Hampshire gets lots of proposed laws.

As the New Year approached, the 400 members of the House and 24 senators proposed more than 1,140 potential bills in the form of Legislative Service Requests, or LSRs. Many deal with high-profile subjects like school funding, but a hunt through the list finds plenty of intriguing topics that don’t get as much attention.

You can search the list online at gc.nh.gov/lsr_search/.

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Here are a few. Many of these, perhaps most, will never even make it to a full legislative vote, so don’t expect them to become laws any time soon.

David Brooks can be reached at dbrooks@cmonitor.com. Sign up for his Granite Geek weekly email newsletter at granitegeek.org.
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2 killed, 1 seriously injured in NH crash

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2 killed, 1 seriously injured in NH crash


Two people are dead and another person has serious injuries following a crash Friday in Rumney, New Hampshire.

The Rumney Fire Department says it responded to Route 25 just after 1:30 p.m. for a motor vehicle crash with entrapment. Crews, including from Plymouth-Fire Rescue and the Wentworth Fire Department, arrived on scene to find two vehicles in the road that appeared to have been involved in a head-on collision.

The driver from one vehicle was taken to a local hospital with serious injuries, the fire department said. The driver and a passenger in the second vehicle were both pronounced dead on scene.

The victims’ names have not been released at this time.

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Route 25 was closed for approximately five hours for an on-scene investigation and clean up, the fire department said.

It’s unclear what caused the fatal crash. The Rumney Police Department is investigating.



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