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

Author

Listed:
  • Amanda Lydon
  • E. Matthew Quigley

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?\\"...

Suggested Citation

  • Amanda Lydon & E. Matthew Quigley, 2002. "Dealing with deficits: how New England States are managing the fiscal crisis," Fiscal Facts, Federal Reserve Bank of Boston, issue Fall, pages 1-4.
    • Handle: RePEc:fip:fedbff:y:2002:i:fall:p:1-4:n:29
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    File URL: http://www.bostonfed.org/economic/neff/neff29/defecits.pdf
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