And little of the talk has been transferred into action, fiscal analysts say.

Some independent fiscal analysts believe that today's agreement may leave the state in a similar hole at the end of the year.

Not surprisingly, many fiscal analysts said the idea worried them.

But fiscal analysts offered several reasons why the impact of the cuts is likely to be limited.

"Very quickly, this adds up to serious money," one fiscal analyst said.

Solving the rest of the problem, many politicians and fiscal analysts say, will constitute the real challenge.

And some fiscal analysts caution that the county has not used the current economic boom to create a large enough cushion against future hard times.

Some fiscal analysts have argued that he should do more to lobby Albany for relief.

Virtually all fiscal analysts agree that more revenue is needed to reduce the Federal budget deficit.

Because heavy interest payments burned up much of its cash, the company was unable to expand quickly enough, fiscal analysts say.