WASHINGTON -- States will be forced to raise taxes or cut spending throughout the 1990s to balance their budgets in the wake of slow growth and structural deficits, says a report released yesterday by two groups representing state officials.

"We're relatively pessimistic about states' revenue and fiscal picture over the rest of this decade," said Raymond Scheppach, executive director of the National Governors' Association, during a news conference. "Until concerted action is taken to eliminate the structural deficits, states will continue to struggle."

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.