Latest economic reports are cautionary tales

in

Mar 5 2019

By Jon Chesto, The Boston Globe

Eileen McAnneny, president of the business-backed Massachusetts Taxpayers Foundation, says she’s not worried about this year. But the slowdown in growth could make it harder to budget for the fiscal period that begins July 1. In many ways, McAnneny says, we’re living on borrowed time with this decadelong recovery. Good thing the state has $2 billion in its rainy day fund, thanks in part to a capital gains-related windfall last year.

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