Journal Article

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

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?\\"...

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

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Bibliographic Information

Provider: Federal Reserve Bank of Boston

Part of Series: Fiscal Facts

Publication Date: 2002

Issue: Fall

Pages: 1-4

Order Number: 29