IDEAS home Printed from https://ideas.repec.org/a/fip/fedbff/y2002iwinp6-8n30.html
   My bibliography  Save this article

Six-state review

Author

Listed:
  • E. Matthew Quigley

Abstract

Year-to-date revenues for the first four months of FY2003 were above their FY2002 level in most New England states. Hit hard by dramatically diminished tax receipts and/or increased spending pressures, all six states closed FY2002 with deficits that had to be eliminated by end-of-the-year fiscal measures. The improved revenue collections for the first four months of FY2003 were welcome. General revenues were up in Connecticut, Maine, New Hampshire, Rhode Island, and Vermont. Sales tax receipts, driven in large part by car purchases induced by manufacturers' offers of zero percent financing, were up in Connecticut, Maine, Rhode Island, and Vermont; meals and rooms tax receipts were up in New Hampshire. Personal income tax collections were mixed; although higher in Maine and Vermont, they were down slightly in Rhode Island and sharply in Connecticut and Massachusetts.

Suggested Citation

  • E. Matthew Quigley, 2002. "Six-state review," Fiscal Facts, Federal Reserve Bank of Boston, issue Win, pages 6-8.
    • Handle: RePEc:fip:fedbff:y:2002:i:win:p:6-8:n:30
    as

    Download full text from publisher

    File URL: http://www.bostonfed.org/economic/neff/neff30/across.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    More about this item

    Keywords

    Deficit financing - New England; Revenue;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedbff:y:2002:i:win:p:6-8:n:30. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Spozio (email available below). General contact details of provider: https://edirc.repec.org/data/frbbous.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.