August 01, 2002
PUBLIC FINANCE > Budget > FY Pre-2008

2003 Budget: Major Accomplishments in Closing Gap, But 2004 Promises Further Painful Choices

In a new analysis, the Foundation credits the state's leaders for their efforts to address the Commonwealth's fiscal crisis through a realistic combination of spending cuts and tax increases in 2003. However, MTF warns that a remaining large structural deficit will require further painful choices in 2004.