new hampshire economy covid

Stress among New Hampshire residents related to the COVID-19 pandemic continues to decline. Your California Privacy Rights/Privacy Policy. The CAFR contains information beyond just the financial standing of state government. ... rebuild our economy, get our … However, the 2020 deficit is much less than originally anticipated during the early days of the pandemic when deficit predictions were as high as $200 million, and $400 million for the current 2021 fiscal year, which is also not going to happen. In total, 36 veterans living there have died since the virus entered the home in early November, making it the second most fatal outbreak at an assisted living facility in New Hampshire. Stop The Spread Of COVID-19 He had been formally elected House speaker on Dec. 2. All meeting minutes, recordings and presentations are available at www.nheconomy.com/reopeningtaskforce. Germany, for several years, is our leading trade partner, followed by Canada, Ireland, Mexico and Japan. 100 North Main Street, Suite 100, Concord, NH, 03301; T: 603.271.2591; F: 603.271.6784; E: [email protected] 1 Includes specimens positive at any laboratory and those confirmed by CDC confirmatory testing. NH Economy Business Center; STATE RESOURCES ... for consumers as well as for business owners on how their respective insurance policies may cover or be affected by COVID-19. Business taxes have rebounded in the current fiscal year, but rooms and meals taxes have not. He was 71. That said, the state did take a significant financial hit, softened a great deal by the federal CARES Act money, most of which has been distributed this fiscal year — 2021 — and $2 billion to $3 billion in other federal pandemic relief. State officials present a rosy picture of the state’s future noting the pandemic may have a beneficial impact in several ways, increasing the number of residents fleeing urban areas for rural environments with more space to avoid the coronavirus, and remote working which will allow residents to work from home although their jobs may be hundreds of miles away. COVID-19 vaccine is ‘going to help our economy’: Sen. Scott. Opinion/Rayno: Audit shows COVID’s impact on NH finances. And according to the financial statement from Department of Administrative Services Commissioner Charlie Arlinghaus, the greater expenses of urban settings may also entice businesses to locate to the state. Remember the $600 federal weekly stipend for the unemployed? According to the annual report, the state had a $271 million surplus which combined general funds and the education trust fund at the end of the 2019 fiscal year, and a $54.4 million deficit at the end of the 2020 fiscal year. An official New Hampshire Government web site. The 2020 budget included a great deal of one-time spending from the surplus like $40 million in municipal revenue sharing over two years, $9 million for a new secure psychiatric unit at New Hampshire Hospital and $9 million for a nursing program at the University of New Hampshire. New daily confirmed COVID-19 cases in America have risen sharply in the past few weeks, taking counts to record levels. The big picture: Hinch is among the record 3,124 people in the U.S. who died from the coronavirus on Wednesday. COVID-19 Business Resources. All meeting minutes, recordings and presentations are available at www.nheconomy.com/reopeningtaskforce. Total expenditures for fiscal 2020 was $8.845 billion as opposed to $6.923 billion in total state spending. For the 2020 fiscal year, rooms and meals taxes totaled $315.4, down about $53 million from the revenue plan, and $35 million from the 2019 fiscal year. Pursuant to New Hampshire RSA 91-A:2, this meeting is open to the public, accessed by calling 1-800-356-8278 or 1-857-444-0744; pin 194499 or 600744 (interchangeable for both numbers). The report also touts the state’s — or more accurately  — the governor’s ability to procure personal protective equipment (PPE) as the first three pages feature pictures of Sununu and a few others welcoming and unloading planes full of PPE along with a short narrative about how the state was able to secure millions of PPE and the work of the Governor’s Advisory Office for Emergency Relief and Recovery. To help meet the significant demand, the Department of Business and Economic Affairs has created a portal for New Hampshire companies … Aircraft parts for civilian aircraft. New Hampshire has lost two more residents to the coronavirus, state health officials announced Thursday. The halt in spending helped state agencies more than meet their goals for lapses for the fiscal year, which is money appropriated to agencies but reduced to save money. The State of New Hampshire has launched a new jobs portal to assist job seekers connect with hiring employers located right here in New Hampshire. New Hampshire Travel and Tourism officials are closely monitoring the situation regarding COVID-19 and are adhering to the expert advice of state and public health officials. Aircraft and spacecraft parts account for $1.3 billion in exports, overtaking industrial machinery as the state’s leading export, followed by electric machinery, pharmaceutical products and optics. Over his three-decade career, Rayno covered the NH State House for the New Hampshire Union Leader and Foster’s Daily Democrat. In conjunction with New Hampshire's Public Health Department and recommendations from the Governor's Economic … New Hampshire Weighs New Virus Rules for Salons, Child Care The group tasked with reopening New Hampshire’s economy as the coronavirus pandemic eases has approved new rules for … This includes the loss of over 300,000 jobs since August—driven by cuts in education. The deficit is also impacted by money owed to New Hampshire by the Federal Emergency Management Agency of $14.8 million. Agencies were expected to save $56.7 million in lapses, but instead saved $102.7 million, for an increase of $46 million, which helped reduce the deficit. Symptoms of anxiety and depression have also declined, most notably among young people, but remain higher than under typical circumstances. He may be reached at [email protected] In New Hampshire since the start of the pandemic, there have been a total of 38,512 cases of COVID-19 diagnosed with 892 (2%) of those having been hospitalized. CONCORD — A surging number of COVID-19 cases in New Hampshire does not justify the kind of restrictions on the state’s economy that Massachusetts is set to impose, Gov. The New Hampshire Department of Business and Economic Affairs (BEA) is actively monitoring the evolving situation with regard to the threat the coronavirus (COVID-19) presents to our state. © Copyright 2020 The New Hampshire Division of Economic Development. The financial disruption is evident in the state’s Comprehensive Annual Financial Report (CAFR) or audit of state government’s finances. The report was released last week, which cynics might say is intended to bury the state’s $81.5 million deficit for fiscal 2020, by releasing it Christmas week when people’s attention is elsewhere. Beaches. 1:30 – 3:30 pm For example, state exports continue to expand even in the pandemic setting a new record for the third straight year topping $5.8 billion in 2019. 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