Widmer challenges state budget writers

Dec 11 2013

By Matt Murphy, State House News Service / The Lowell Sun

With a slow but steady economic recovery expected to pump at least $1 billion in new revenue into state coffers next fiscal year, House and Senate lawmakers and the Patrick administration were urged Wednesday to consider building a truly balanced budget that doesn't rely on one-time money or reserve funds. Massachusetts Taxpayers Foundation President Michael Widmer also suggested reexamining the state's schedule to fully fund its pension system, and making a concerted effort to push the date up four years to 2036 as an overture to bond rating agencies, which control the cost of borrowing.

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