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The fiscal condition of the New England states: an update


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  • E. Matthew Quigley


In 1999, New England Economic Indicators published an article detailing the fiscal condition of the New England states. At that time, all six states were experiencing double-digit revenue growth, spearheaded by soaring personal income tax receipts. Flush with cash, states were able to fund myriad programs, capitalize rainy day funds, and enact widespread tax cuts. The article concluded, quite correctly, that "all in all, the fiscal condition of the New England states remains strong." And remain strong it did through FY2000 and FY2001. In FY2002, the states' fortunes changed.

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Bibliographic Info

Article provided by Federal Reserve Bank of Boston in its journal New England Economic Indicators.

Volume (Year): (2003)
Issue (Month): Jan ()
Pages: i-iv

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Handle: RePEc:fip:fedbni:y:2003:i:jan:p:i-iv

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Keywords: Economic conditions - New England ; Fiscal policy - New England;


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