Fiscal Facts 
Fall 2002- Number 29
Complete issue 
Feature Articles
Dealing with Deficits: How
New England States Are Managing the Fiscal Crisis
by E. Matthew
Quigley, with Amanda Lydon
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?”... Full-text article with charts
Six-State Review
by E. Matthew Quigley,
with Lin Gong and Amanda Lydon
New England states are facing their worst fiscal crises in
at least a decade. General revenues, especially those from
the personal income tax, fell sharply in every New England
state except New Hampshire in FY2002... Full
text article