Déjà Vu All Over Again – Budget Balancing in Bad Times

August 14, 2008. Raising Revenue Needs to be Part of the Solution. Group press release >>

“The lessons to be learned from New York’s fiscal policy choices during the last two recessions are clear. The balanced approach to the state’s budget that was adopted in 2003 worked much better than the deep service cuts of the early 1990s which prolonged and deepened the effects of that recession on New York State,” said Frank Mauro, Executive Director of the Fiscal Policy Institute.