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The Distributional Politics of Fiscal Adjustment: A Case Study of Four Northeastern States |
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| Authors: | Howard Chernick rew Reschovsky |
| Institution: | Hunter College of the City University of New York and is a Visiting Scholar of the Russell Sage Foundation.;Robert M. LaFollette Institute for Public Affairs at the University of Wisconsin-Madison and Tufts University. |
| Abstract: | The federal Tax Reform Act of 1986 and an unexpected economic downturn soon thereafter resulted in a divergence between actual and anticipated revenues at the state level. To cope with the resulting budget deficits, states increased taxes, decreased expenditures, or both. This paper looks at the decisions made in four Northeastern States-New York, Connecticut, New Jersey, and Massachusetts. |
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