We envision New Hampshire as the freest state in the union,
where families thrive because of access to high quality education choices, a
growing economy that attracts entrepreneurs, and a financially
viable system to care for our elderly.
The term “New Hampshire Advantage” has been used as a short-hand way of saying that the Live Free or Die state is the only state with the combination of no state and local individual income tax, no state and local sales tax, and no estate tax. Despite its small size, in terms of geography and population, New Hampshire has been able to sustain one of the strongest economies in New England and the country.
The Granite Institute today released two new reports to help policymakers, community leaders and education advocates understand K-12 education savings accounts or ESAs. The first report explores New Hampshire’s history of providing public funding for children to learn at private schools, and the second report explains how ESAs work in other states.
The Granite State is on the precipice of Demographic Winter which is a situation where there are too few young people to support the current level of population. Population decline will have negative impacts to the economy and, correspondingly, to government revenue (down) and spending (up). Boosting school choice in New Hampshire, with an ESA bill like SB 193, is a crucial step in fighting Demographic Winter.
There is perhaps no greater goal for the Granite Institute than fighting to preserve and extend the New Hampshire Advantage. Historically this means no income or sales tax, but maintaining our advantage into the future will entail other important policy changes such as increasing educational choices and enacting right-to-work.