State facing years of fiscal woes, analysts say

May 6 2009

By Matt Viser, The Boston Globe

"This is going to be the worst fiscal crisis in the state's history," said Michael J. Widmer, president of the Massachusetts Taxpayers Foundation. "I think it's fair to say it's a catastrophe. That's not an overstatement." Widmer projects that state tax collections will not return to 2008 levels until at least 2014, as state revenues lag behind a slowly rebuilding economy.
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