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Dealing with deficits: how New England States are managing the fiscal crisis

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Author Info
E. Matthew Quigley with Amanda Lydon

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Abstract

Following the economic boom of the late 1990s, the current recessionary period has caused revenues to decline and demand for government services to rise. Now, government executives and lawmakers, faced with persistent budget deficits, are struggling with difficult decisions: "What cuts should we make?" "Could we, should we, raise taxes?" "How deeply do we dip into quickly diminishing reserves?"...

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File URL: http://www.bos.frb.org/economic/neff/neff29/defecits.pdf
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Publisher Info
Article provided by Federal Reserve Bank of Boston in its journal Fiscal Facts.

Volume (Year): (2002)
Issue (Month): Fall ()
Pages: 1-4
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Handle: RePEc:fip:fedbff:y:2002:i:fall:p:1-4:n:29

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Related research
Keywords: Deficit financing - New England ; Economic conditions - New England;

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