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States hold debt in check amid recession and tax declines
An Associated Press survey finds most states remain fiscally sound thanks to pay-as-you-go budgeting and borrowing limits. North Carolina exemplifies restraint with AAA credit and 458 million debt, while Northeastern states face high costs from weak revenues and high services. Experts foresee relief as birth rates shift producers to taxpayers by 2000.
MENTIONED IN THIS ARTICLE
Associated Press
Payas
New York City
North Carolina
Arizona
Tennessee
South Dakota
Massachusetts
James Heins
University of Th Nots
Heins