Under Pressure, One Deficit Follows Another

Stark, Jonna
April 2008
Bond Buyer;4/15/2008, Vol. 364 Issue 32857, Special section p38
Trade Publication
The article focuses on the budget deficit of Rhode Island for both fiscal 2008 and 2009. Reports reveal the state's budget deficit of $151 million for fiscal 2008 and $384 million for 2009. For this reason, Gov. Donald L. Carcieri presented a 2009 budget to the General Assembly that was 3.8% less than the previous year. He noted that the state has a spending problem and that the solution to budget difficulties is to control its spending.


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