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Economic News, Data and Analysis

State Fiscal Conditions

State Fiscal Conditions Continue to Deteriorate; Federal Assistance Badly Needed, 9/20/02
States around the country continue to struggle with dismal fiscal conditions. State revenues have declined for four consecutive quarters. According to the Rockefeller Institute, revenues for the period April-June 2002 ? the final quarter of the fiscal year in most states ? were 10.4 percent below revenues for the same period in 2001. This is the sharpest decline at least since the 1980s.

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Filed under: Economics, Fiscal Policy, Policy, Recession, State Economy

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