The newsletter of the New Hampshire Center for Public Policy Studies
In this issue:
The New Hampshire Center for Public Policy Studies appears on local radio and television, continuing the Center's mission to inform and educate the public concerning important policy matters.
The State Budget - New Hampshire Children's Summit
Stephen Norton's presentation on the current state budget and outlook for the future at the NH Children's Summit - December 8, 2008.
Steve reviewed the State Budget milestones, starting with the State Agency maintenance requests. The Center estimates that the State deficit could be as high as $1 billion by 2011, without a change in agency requests, and considering the likely path of state revenue growth. Steve also reviewed potential methods for controlling state spending, and policy opportunities for the future.
State Revenue Options and Consequences
Dennis Delay's presentation at the NH Children's Summit - December 8, 2008.
Dennis reviewed the history of State revenue growth through the last three decades, the revenue risks in an economic recession, and an overview of potential revenue options in the next biennium.
Papers of Interest
New Hampshire's Economic Outlook - November 2008
In mid-September of 2008 the United States entered a financial crisis that has been called the worst since the Great Depression. The warning signs of a coming financial meltdown were evident, even at the end of 2007. Dark days are ahead, reminiscent of the first OPEC oil embargo in the mid-1970’s when then-credible projections called for the world to run out of petroleum by the year 2003. Except that this time we seem to be facing a financial world that will run out of cash.
Center Graph of the Month
Economic Distress Across New Hampshire, 2008
This graph compares initial claims for unemployment compensation to the labor force in New Hampshire areas, providing one measure of the level of economic distress and how it is changing. The North Country remains the area of the state with the highest level of economic distress. Unemployment claims filed in the first ten months of 2008 represent 13.5% of the labor force in the Berlin area, and 8.8% of the labor force in the Littleton area. The claims filed in the first ten months of the year represent about 6.5% of the labor force in greater Portsmouth. By this measure economic distress in Berlin is twice that of the Portsmouth region. By comparison the initial claims filed in the first ten months of this year in the Lebanon region represent only 3.4% of the labor force, the lowest rate in New Hampshire.
The Center offers the Graph of the Month from the array of data we use to understand the policy landscape across a wide range of policy issues.
The Graph of the Month continues our mission to provide new perspectives on available data which will raise new ideas and improve policy debates through quality information and analysis on issues shaping New Hampshire's future.
Policy Points informs you about our current research topics, including highlights of the important policy discussions going on in and around the State of New Hampshire. Any links to other websites do not necessarily represent an endorsement of that organization by the New Hampshire Center for Public Policy Studies
To find out more, please visit us at www.nhpolicy.org