The fiscal condition of the New England states: an update
Abstract: 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.
File(s): File format is application/pdf http://www.bostonfed.org/economic/neei/articles/fisccond/2003/fiscal03.pdf
Provider: Federal Reserve Bank of Boston
Part of Series: New England Economic Indicators
Publication Date: 2003